Page 6 - Initial Public Offerings

Ather Energy IPO receives 16% subscription on Day 1 of bidding

The initial public offer of electric two-wheeler maker Ather Energy received a 16 per cent subscription on the first day of bidding on Monday. The initial share sale received bids for 86,09,406 shares against 5,33,63,160 shares on offer, according to data available with the NSE. The portion for retail individual investors (RIIs) fetched 63 per cent of subscriptions while the quota for the non-institutional category received 16 per cent of subscriptions. Ather Energy Ltd on Friday said it has mobilised Rs 1,340 crore from anchor investors. The Rs 2,981-crore public issue, with a price band of Rs 304-321 apiece, is available for public subscription from April 28-30. This is the first mainboard public issue of the current financial year 2025-26. The IPO is a combination of a fresh issue of equity shares worth Rs 2,626 crore and an offer-for-sale of 1.1 crore equity shares by promoters and other shareholders. At the upper end of the price band, the IPO size is pegged at Rs 2,981 cro

Growth capital firm Playbook Partners targets 2025 to raise $250 mn fund

Playbook Partners aims to invest in 12-15 companies in two years, with an average ticket size of $20 million

LIC Housing Finance names Lokesh Mundhra as new Chief Financial Officer

LIC Housing Finance has appointed Lokesh Mundhra as Chief Financial Officer (CFO) effective Thursday. In a regulatory filing, LIC Housing Finance said Sudipto Sil, who was serving as CFO, has been transferred and redesignated as Marketing Head of Western Region at Mumbai with effect from April 17, 2025. "The Board of Directors ... has approved appointment of Lokesh Mundhra, as a Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company with effect from April 17, 2025," LIC Housing said. Mundhra , a Chartered Accountant, has served under various roles at LIC of India for last 32 years. He has worked in various departments including finance & accounts, personnel, legal, estates, with last six years in the investment department. "He has been instrumental in successfully concluding the transaction of bringing up the IPO and listing of the equity shares of LIC of India," LIC Housing Finance said. Shares of LIC Housing Finance closed at Rs 604.45 apiece, up 1.74 ..

Zeta bets on modern code to rewrite $300 bn banking software market

The aim is to tackle a long-standing issue: core banking systems remain outdated, built on decades-old mainframes and COBOL code

Real estate developer Runwal Enterprises files papers for ₹1,000 crore IPO

The entire issue comprises a fresh offer of equity shares with a face value of Rs 2 each

Grand Continent Hotels IPO Day 2; subscription rises 35%, GMP remains flat

Grand Continent Hotels IPO comprises a fresh issue of 6.26 million equity shares, and an offer for sale (OFS) with promoter Ramesh Siva divesting up to 0.33 million equity shares

Kolkata-based Mihup eyes IPO, in advanced talks with leading automaker

Kolkata-based conversational intelligence firm Mihup on Wednesday said it is in advanced talks with one of India's top passenger automobile makers to integrate its in-car virtual assistant, following its partnership with Tata Motors. The company, which has raised Rs 100 crore in venture funding, including Rs 50 crore in October last year, is also preparing for an initial public offering (IPO) within the next two years, Mihup Co-founder & CEO Tapan Barman told PTI. Mihup's voice assistant, which replaced a global competitor's solution in Tata Motors' vehicles in 2021, is now deployed in over one million cars, and the company expects rapid growth with new OEMs, the official claimed. The upcoming deal with another top passenger car maker is expected to further strengthen its foothold in the automotive sector. "I cannot divulge the OEM now due to confidentiality, but it is one of the largest car makers in India," Barman said. The company aims to scale its proprietary AI-driven voice .

Zetwerk Manufacturing plans IPO in 15-24 months, aims to raise $500 million

The new factory will focus on manufacturing control boards for washing machines, refrigerators, air conditioners, and IT hardware

Allchem Lifescience files IPO papers with Sebi, aims to raise Rs 190 cr

Drug maker Allchem Lifescience has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The Gujarat-based company's proposed IPO comprises fresh issue of equity shares aggregating up to Rs 190 crore and an offer for sale (OFS) of 71.55 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP). Those selling shares in the OFS are Kantilal Ramanlal Patel and Manisha Bipin Patel. At present, promoters and promoter group entities hold 100 per cent stake in the company. In its draft papers filed on Friday, Allchem Lifescience proposes to utilise proceeds from the fresh issue worth Rs 130 crore towards debt payment, while a portion will be used for general corporate purposes as well as to support the business requirements of the company. Incorporated in 2017, Allchem Lifescience is an Indian manufacturer of active pharmaceutical ingredients (API) intermediates and speciality ...

NAPS Global India IPO listing: Shares lists at Rs 108 per share on BSE SME

NAPS Global India IPO listing: With a issue price of Rs 90 per share, NAPS Global India IPO opened on Tuesday, March 4, 2025, and concluded on Thursday, March 6, 2025

Healthcare clocked $30 billion investment in 2 years, says report

The report states that hospitals in India undertook M&A deals worth $6.74 billion and attracted $4.96 billion from private equity (PE) investors

CCI's draft conduct rules place restrictions on employee investments

The antitrust watchdog has said that the draft rules are meant to strengthen the regulatory framework governing vigilance administration in the Commission

Tata Capital likely to seek record $11 billion valuation in upcoming IPO

Tata Capital's board last week approved the listing of as many as 230 million shares, along with an offer for sale of equity by existing shareholders

Street signs: Nifty on the brink, IPOs in deep freeze, and double jeopardy

Uncertainty around initial public offerings (IPOs) persists as selling pressure in the secondary market continues

IPO corner: Hexaware Technologies defies expectations, gains 8% on debut

The listing gains were surprising, given the lukewarm response to its Rs 8,750-crore initial public offering (IPO)-the largest ever for an IT services company in India

IPO Rush: Hero Fincorp, LG Electronics, 64 others aim for D-street debut

A total of 66 companies have submitted applications for IPOs, with highly anticipated offerings from Hero Fincorp and LG Electronics awaiting approval from the capital market regulator, Sebi

Innovatiview India files draft papers with Sebi for Rs 2,000 crore IPO

Noida-based Innovatiview India, has filed preliminary papers with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering. The proposed Initial Public Offering (IPO) is entirely an Offer-For-Sale (OFS) of equity shares worth up to Rs 2,000 crore by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. The OFS consists of the sale of shares worth up to Rs 800 crore each by Ashish Mittal and Ankit Agarwal, and up to Rs 320 crore worth of shares by Vishal Mittal and Abhishek Agarwal will be offloading shares for Rs 80 crore, respectively. Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholder. Innovatiview India is a technology-driven company providing automated ancillary security and surveillance solutions for examinations, elections and large-scale events pan-India. As of September 30, 2024, the company is the largest player for examina

Hexaware Technologies' Rs 8,750 crore IPO subscribed 15% on day two

The IPO price band is set at Rs 674-708 per share, valuing Hexaware at Rs 43,025 crore

Ajax Engineering IPO Day 2; check subscription status, GMP, listing date

Ajax Engineering has garnered favorable reviews from brokerages, including KR Choksey, Reliance Securities, and BP Equities, for its public offering

BSE subsidiary unveils five new indices; Ajax Engineering IPO booked 20%

Construction equipment maker Ajax Engineering's initial public offering (IPO) garnered nearly 20 per cent subsc­ri­ption on Monday, the opening day