Page 4 - Initial Public Offerings

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

Street Signs: Tata Capital set sail in rough seas, a coiled spring at 25K

Tata Capital readies India's biggest NBFC IPO amid volatile markets; Nifty eyes 25K on GST boost; grey market premiums heat up for upcoming issues led by Urban Company

PhysicsWallah files updated draft papers with Sebi, eyes ₹3,820 cr via IPO

The proposed IPO comprises a fresh issue of equity shares worth Rs 3,100 crore and an offer for sale (OFS) of shares aggregating up to Rs 720 crore by promoters

Knack Packaging files draft papers with Sebi for IPO, aims to raise ₹475 cr

Packaging solutions provider Knack Packaging has filed draft papers with Sebi to raise funds through an Initial Public Offering (IPO) to support its expansion plans. The issue comprises a fresh equity issue of Rs 475 crore and an Offer for Sale (OFS) of 70 lakh equity shares by promoters and an existing shareholder, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. Of the fresh issue, about Rs 435 crore will be utilised for setting up a new manufacturing facility at Borisana, Kadi in Mehsana, Gujarat, while the balance will be earmarked for general corporate purposes. Headquartered in Ahmedabad, Knack Packaging is a leading integrated, innovation-driven, export-oriented packaging solutions provider. Its portfolio includes Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP pinch bottom bags, catering to diverse sectors such as food products and pet foods. The company commands nearly 10 per cent market share in India's flexible bulk PLWPP bags ...

Urban Company sets price band at ₹98-103 per share for ₹1,900 cr IPO

Investors can apply for a minimum of 145 equity shares and in multiples thereof. A discount of Rs 9 per share is being offered to eligible employees applying under the employee reservation portion

Coming up in 2026: A tale of three IPOs to script a new story for India Inc

Three mega IPOs, from diverse businesses and historic relevance, could script a new story for India Inc

CMR Green Technologies files draft papers, seeks Sebi's nod to float IPO

CMR Green Technologies Ltd, non-ferrous metal recycler, has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is entirely through an Offer for Sale (OFS) of 4.28 crore equity shares, according to the draft red herring prospectus (DRHP) filed on Friday. The selling shareholders include promoter Mohan Agarwal, certain members of the promoter group, and investor Global Scrap Processors Ltd. At present, promoters and promoter group entities hold around 87 per cent stake in CMR Green Technologies, while the remaining 13 per cent is owned by Global Scrap Processors. As the IPO is entirely an OFS, the company itself will not receive any proceeds from the issue; all funds raised will go directly to the selling shareholders. In its draft papers, the company stated that listing is expected to enhance its visibility, brand image and provide liquidity to existing shareholders. This is CMR Green'

Expensively priced IPOs: Valuations must be justified by growth visibility

If the company has strong fundamentals but is valued expensively, invest for long term or reconsider after six months

Oyo likely to file DRHP in November, targets $7-8 bn IPO valuation

Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO, sources said. The company is expected to approach its board with the proposal next week, people familiar with the matter told PTI. When reached out, a company spokesperson said, "While we cannot comment on any timelines related to OYO's DRHP or IPO related plans, since it's a decision that will be guided by OYO's Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a range of strategic options to drive value for its stakeholders". According to sources, discussions with key banking partners have ramped up in recent weeks, with valuation guidance now pegged at USD 7-8 billion ( around Rs 70 per share), potentially in the range of 25-30 times the EBITDA. "The filing with regulators is being considered for November. Over the past few months, SoftBank has engaged with banks such as Axis, Citi, Goldman Sach

'Regulated pre-IPO trading platform to bring transparency for investors'

Market regulator Sebi's plan to introduce a regulated pre-IPO trading platform could reshape how investors buy and sell unlisted shares, bringing transparency to a space long dominated by the opaque grey market and reducing risks for retail investors, market experts said. Moreover, for employees, especially those holding ESOPs (employee stock options), the framework could be a game-changer. Rajesh Singla, founder and CEO of Planify, which deals in buying and selling of unlisted shares, explained that a large portion of ESOPs remains unutilised today as employees lack access to liquidity options before an initial public offering (IPO). With Sebi's proposed system, they would finally have an avenue to monetise their holdings in a regulated environment. On Friday, Sebi chairman Tuhin Kanta Pandey hinted at introducing a regulated platform for pre-IPO share trading, potentially replacing existing grey market practices. The move, if implemented, may also allow investors to trade shares

Vikram Solar and Shreeji Shipping IPOs bag strong bumper booking

SBI Mutual Fund (MF) on Thursday announced the launch of its asset allocator fund of funds (FoF) - SBI Dynamic Asset Allocation Active FoF

Seafood startup Captain Fresh files for $400 mn India IPO with Sebi

Captain Fresh has confidentially filed for a $400 million IPO in India, targeting a $1 billion-plus valuation as it expands its tech-driven seafood supply chain platform

Muted stock market debut for JSW Cement; Regaal Resources booked 159.88x

Transformer components manufacturer Man­gal Electrical Industries on Thursday fixed a price band of ₹533 to ₹561 per share for its upcoming ₹400 crore initial public offering (IPO)

Pre-IPO deals moderate after peaking in 2023 amid buoyant primary markets

Pre-IPO deals have fallen as companies avoid dilution, with narrowing price gaps and robust IPO demand prompting issuers to skip placements and seek higher valuations

AI firm Fractal Analytics files DRHP, eyeing to raise ₹4,900 cr via IPO

The IPO comprises a fresh issue of equity shares aggregating up to ₹12,79.3 crore and an offer for sale of equity shares aggregating up to ₹3620.7 crore

JSW Cement public offer booked 56%; Varmora Granito files DRHP with Sebi

Tiles and bathware maker Varmora Granito Ltd has filed draft papers with the Securities and Exchange Board of India (Sebi)