Page 2 - Initial Public Offerings

Street Signs: Nifty's pause before glory, MTR Foods GMP at 20%, and more

Nifty stalls near record highs, Orkla India IPO heats up the grey market, and holdcos gear up for a special auction session aimed at unlocking long-trapped value

Lenskart to launch IPO on Oct 31, aims to raise ₹2,150 cr via fresh issue

Eyewear retailer Lenskart Solutions is gearing up to launch its initial public offering (IPO) on October 31, aiming to raise Rs 2,150 crore through a fresh issue of shares. This marks its much-awaited entry into the public markets. The company's maiden public offering would conclude on November 4, and the bidding for anchor investors would open for a day on October 30, according to the Red Herring Prospectus (RHP). Apart from the fresh issue, there would be an offer-for-sale (OFS) component, in which promoters and investors would offload over 12.75 crore equity shares. As a part of the OFS, promoters -- Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi; and investors -- SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund '? II, Macritchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP -- would offload shares. Lenskart proposes to utilise the proceeds from the IPO for various strategic

ARCIL set to go public as Sebi clears IPO plan of India's oldest ARC

SBI and Avenue Capital-backed ARCIL to offer 105 million shares in an IPO through an offer for sale; IIFL, IDBI Capital, and JM Financial to manage the issue

Handsome payoff: ₹600 crore IPO fees light up Diwali for i-bankers

LG Electronics India and Tata Capital lead October's IPO fee bonanza, as bankers cash in on a busy primary market season

LG Electronics India poised to rise in trading debut after $1.3 bn IPO

More broadly, an opening-day surge by LG would bode well for other Indian companies planning to go public, particularly in the wake of Tata Capital Ltd. only rising 1.4 per cent in its debut

Tata Capital, LG Electronics debut to test strength of IPO market next week

The two listings underscore India's growing status as a global fundraising hub, powered by deep domestic liquidity and an expanding retail investor base

Tata Capital IPO subscribed twice over; institutional investors dominate

The fourth-largest IPO in Indian markets saw strong QIB interest but subdued retail participation, with analysts calling valuations largely priced in

Anantam Highways Trust raises ₹180 cr as IPO opens for subscription

Anantam Highways Trust has collected Rs 180 crore from anchor investors as its Initial Public Offering (IPO) opened for subscription on Tuesday. WhiteOak Capital Mutual Fund, Minerva Ventures, Trust Investment Advisors, SBI Capital Markets, Edelweiss Life Insurance Company and Reliance General Insurance Company, among others, participated in the anchor round, according to a circular uploaded on BSE's website. Anantam Highways Trust allotted 1.8 crore units to these investors at Rs 100 apiece, the circular showed. The infrastructure investment trust's Rs 400 crore IPO would conclude on October 9. The price band has been set between Rs 98-100 per unit. Proceeds from the public issue are expected to be utilised for funding infrastructure projects, debt repayment, and general corporate purposes. Anantam Highways Trust operates in the road and highway sector, with a portfolio of revenue-generating assets aimed at providing stable and predictable returns to investors.

LG Electronics India to start taking orders for $1.3 billion IPO

The South Korean parent will offer as many as 101.8 million shares of LG Electronics India Ltd. at ₹1,080 to ₹1,140 each from Tuesday

Mann Fleet Partners files draft IPO papers with Sebi to raise funds

Chauffeured car rental and mobility solutions provider Mann Fleet Partners Ltd on Monday said it has filed its draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The proposed IPO comprises a fresh issue of 64.10 lakh equity shares and an Offer For Sale (OFS) of up to 16 lakh equity shares by promoters Amrit Pal Singh Mann and Parmjeet Mann. In a statement, the company said it plans to use the proceeds from the fresh issue worth Rs 63.78 crore for purchasing vehicles, Rs 18.76 crore for payment of debt and the rest for general corporate purposes. Headquartered in New Delhi and established in 1992, Mann Fleet Partners offers a comprehensive range of mobility solutions, including event-based transportation, long-term rentals, spot rentals, and self-drive car leasing. Its clientele includes corporates, government agencies, embassies, and high-net-worth individuals. The company provides chauffeur services in 83 cities across India, the UAE,

BVG India files IPO papers with Sebi, aims to raise ₹300 cr via fresh issue

Facility management services provider, BVG India has filed its preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO) comprising a fresh issue of equity shares worth Rs 300 crore and an OFS. Under the offer for sale (OFS), existing shareholders will offload 2.85 crore equity shares, according to the draft red herring prospectus (DRHP) dated September 30. Out of the fresh issue proceeds, Rs 250 crore has been earmarked for payment of debt, while the balance will be deployed towards general corporate purposes. The company operates through three business verticals-- Integrated Facility Management (IFM), Emergency Response Services (ERS), and Environment & Sustainability Services (ESS) -- catering to clients across industrial, commercial, healthcare, education, government and transport infrastructure sectors. BVG India provides soft services such as mechanised housekeeping, janitorial services, industrial housekeeping, manpower supply, ..

RBI raises IPO financing limit to ₹25 lakh, loan against shares to ₹1 cr

This move is expected to encourage greater participation by high-net-worth individuals (HNIs) and deepen engagement in the primary market

Street Signs: Low Vix, high tension, IPO fireworks light up grey market sky

A calm Vix belies market jitters as FPIs sell aggressively; IPO grey market stays hot; traders push back against Sebi's plans to curb weekly derivatives expiries

Laser Power and Infra files draft papers with Sebi for ₹1,200 cr IPO

Laser Power and Infra Ltd, a cable and conductor manufacturer, has filed preliminary papers with markets regulator Sebi to raise Rs 1,200 crore through an initial public offering (IPO). With this, the Kolkata-based company is targeting a valuation of Rs 5,500-6,500 crore, people familiar with the matter said. The proposed IPO is a combination of a fresh issue of equity shares worth Rs 800 crore and an offer for sale (OFS) of equity shares valued at Rs 400 crore by promoters, according to the draft red herring prospectus (DRHP) filed on Saturday. As part of the OFS, Deepak Goel, Rakhi Goel, and Devesh Goel will offer offload shares aggregating up to Rs 225 crore, Rs 50 crore and Rs 125 crore, respectively. Laser Power and Infra Ltd (LPIL) plans to use the fresh issue proceeds to repay loans of up to Rs 600 crore, and a portion would be earmarked for general corporate purposes. The company may consider a Pre-IPO Placement of equity shares aggregating up to Rs 160 crore. If such ...

Curefoods secures ₹160 crore pre-IPO placement from 3State Ventures

Curefoods allots 12.8 million equity shares at Rs 124 each to Binny Bansal's 3State Ventures in a pre-IPO placement, ahead of its Rs 800 crore fresh issue and OFS under SEBI norms

Tata Capital's IPO likely to hit market in the first half of October

Tata Capital is set to launch its IPO in October to raise Rs 16,500-17,500 crore, providing growth capital for 2-3 years as Tata group stake declines to 86.5% post issue

Prosus NV doubles stake in Urban Company ahead of $1.8 billion IPO

The Amsterdam-based technology group now owns 7.35 per cent of Urban after adding about 4 per cent in the latest deal

Orkla India gets Sebi nod for IPO; parent of MTR Foods, Eastern Spices

Orkla India, the parent of MTR Foods and Eastern Spices, has received SEBI approval for its IPO involving the sale of 2.28 crore equity shares by promoter and shareholders

Sebi eases IPO dilution rules, extends MPS timeline to help big listings

The regulator also approved an easier onboarding of FPIs

Urban Company IPO subscribed 3x on day one, retail demand strong

Urban Company's Rs 1,900-crore IPO drew strong response on debut, with retail bids oversubscribed seven times and valuation pegged at Rs 14,800 crore at the top end