Page 5 - Initial Public Offerings

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)

Trump sons' employer hoped to gain from Fed grants; later reverses stance

The New America Acquisition I Corp, which had hired Trump's two sons, has backtracked on a statement in its document that said the company hoped to benefit from grants offered by Donald Trump

Ahead of IPO, Parth Electricals raises ₹13.8 cr from anchor investors

Parth Electricals & Engineering raises ₹13.8 crore from anchor investors ahead of its ₹49.72 crore IPO opening on August 4. Key investors include Capri Global, Beacon Stone, and IndiaMax

Sebi plans larger quota for institutions in big IPOs, trims retail share

Sebi said its proposals reflect current market conditions, marked by robust mutual fund inflows and larger IPO sizes

Ahead of IPO, Aditya Infotech mobilises ₹582 cr from anchor investors

Aditya Infotech, which offers video security and surveillance products under 'CP Plus' brand, on Monday raised over Rs 582 crore from anchor investors a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from domestic and foreign institutional investors, including Government of Singapore, Monetary Authority of Singapore, HDFC Mutual Fund, SBI Mutual Fund, Goldman Sachs, Nomura, Ashoka Whiteoak India Opportunities Fund, and the Abu Dhabi Investment Authority, according to a circular uploaded on the BSE website. As per the circular, Aditya Infotech has allotted 86.26 lakh equity shares to 54 funds at Rs 675 apiece. This aggregates the transaction size to Rs 582.3 crore. The Rs 1,300-crore initial public offering (IPO) will open for subscription on July 29 and conclude on July 31. The price band has been set at Rs 640-675 per share. The company's IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an

The exit behind the entry: IPO afterglow masks a vanishing act, shows data

Behind listing glitter lies a hushed but heavy retreat of overseas money

Street Signs: Phantom trader returns, compliance burden on fund managers

A new institutional mechanism to check market abuse is expected to relax certain compliance rules for fund managers starting next month

Lenskart gets shareholder approval for $250 million IPO fundraise

"The company got approval for the $250 million IPO fundraise. The offer for sale (OFS) would be decided later," said a person familiar with the matter

NSDL to launch ₹4,000-crore IPO on July 30; bidding ends August 1

National Securities Depository Ltd (NSDL) is set to launch its Initial Public Offering (IPO) on July 30, with the issue size pegged at around Rs 4,000 crore. The depository's maiden public issue will conclude on August 1. The one-day bidding for anchor investors is scheduled to open on July 29, according to the Red Herring Prospectus (RHP). The IPO only consists of Offer For Sale (OFS) component of 5.01 crore shares and those selling shares under this are -- the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and Administrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO. Market sources have pegged the IPO size to around Rs 4,000 crore. This upcoming listing will make NSDL the country's second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017. The listing of NS

Lotus Developers IPO to open on July 30; price band set at Rs 140-150

Sri Lotus Developers announces a Rs 792 crore IPO with a price band of Rs 140-150, opening on July 30 and closing on August 1