Page 7 - Initial Public Offerings

A stream of IPOs lined up, yet grey market premium barely ripples

Five listings seek ₹15,601 crore, but only one is making any serious waves

LG Electronics considers reviving IPO of Indian unit by September

The South Korean company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter

Sebi unveils settlement scheme for NSEL brokers facing regulatory action

Markets regulator Sebi on Wednesday announced the introduction of a settlement scheme for certain stock brokers, who traded on the National Spot Exchange Ltd (NSEL) platform. This long-awaited move is expected to bring major relief to traders whose funds have been stuck since the NSEL payment crisis in July 2013. In a press release after its board meeting, Sebi said the scheme is for those stock brokers against whom enforcement actions have been initiated by the regulator. By opting for the scheme, these brokers will have an opportunity to resolve pending proceedings and bring them to an expedited conclusion. The Sebi board also cleared significant reforms to boost investment activity through Alternative Investment Funds (AIFs). It approved a proposal to allow Category I and II AIFs to offer co-investment schemes under the AIF regulations. This will further facilitate AIFs and investors to co-invest and support capital formation in unlisted companies through AIFs. Under the newly

Impact on biz no valid reason to set aside injunction: HC on trademark row

Delhi HC dismisses tech firm's plea claiming injunction, that restrained it from using the trademark "Newgen", hampers operations and IPO plans

Aten Papers & Foam IPO Day 1: Check subscription, GMP, listing date, more

Aten Papers & Foam IPO is a book building of ₹31.68 crore. The issue is entirely a fresh issue of 3.3 million shares.

Suzlon promoters sell 1.45% stake; Lalithaa Jewellery files for IPO

Wipro shares worth ₹5,058 crore got traded among the promoter group entities under the block deal window on Monday

Aegis Vopak IPO sees 26% subscription on Day 1; QIBs lead with 39%

The initial public offer of Aegis Vopak Terminals, a subsidiary of Aegis Logistics Ltd, received a 26 per cent subscription on Monday, the first day of bidding. The initial share sale received bids for 1,77,71,355 shares against 6,90,58,296 shares on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched 39 per cent subscription while the category for Retail Individual Investors (RIIs) got subscribed 19 per cent. Non-institutional investors part received a 3 per cent subscription. Aegis Vopak Terminals has raised Rs 1,260 crore from anchor investors. The issue, with a price band of Rs 223 to Rs 235 per share, will conclude on May 28. The company is valued at around Rs 26,000 crore at the upper end of the price band. The IPO is entirely a fresh issue of equity shares worth Rs 2,800 crore with no offer-for-sale (OFS) component, according to the red herring prospectus (RHP). Proceeds worth Rs 2,016 crore will be used for payment of debt, Rs 671.

Domicile shift key to aligning with India's economy, rules: Flipkart CEO

Flipkart CEO Kalyan Krishnamurthy highlights growth, AI investment, IPO plans, and the company's legal domicile shift to India to better align with the country's economy and regulations

NTPC Q4 results: Profit rises nearly 22% to Rs 7,897 cr, declares dividend

State-run NTPC reports 22% rise in Q4 profit to ₹7,897 cr; FY25 net up at ₹23,953 cr. The company's performance for the full financial year 2024-25 reflected continued growth

PSIT files Rs 472 crore IPO for PropShare Titania, its second SM Reit

The IPO proceeds will fund acquisition of 4.4 lakh sq ft grade A+ office asset in Mumbai fully leased to blue-chip tenants with projected 9 per cent yield till FY28

Sebi approves IPOs of Veritas Finance, Laxmi India Finance, 3 others

Veritas Finance, a non-deposit taking non-banking financial company (NBFC), plans to raise funds through a public offer comprising a fresh issue of ₹600 crore

Oyo delays IPO to 2026 after SoftBank pushback, targets $7 bn valuation

Oyo and SoftBank did not immediately reply to a Reuters request for comment. India's blue-chip Nifty 50 is up about 3 per cent this year

Justo Realfintech files draft papers with BSE SME to raise funds via IPO

Justo Realfintech, a real estate solution provider, has filed its preliminary papers with BSE SME to raise funds through an initial public offering (IPO). The IPO is entirely a fresh issue of up to 49.61 lakh equity shares with a face value of Rs 10 each, and the shares of the company are proposed to be listed on the BSE's SME platform, according to the draft red herring prospectus (DRHP) filed on Wednesday. The net proceeds from the IPO, worth Rs 36.5 crore, will be used by the firm towards long-term working capital requirements, and Rs 6.30 crore will be used for funding investment in development of software and a technological platform. The company will also plan to use the funds worth Rs 5 crore towards repayment of debt and the balance for general corporate purposes. Incorporated in 2019, Maharashtra-based Justo Realfintech provides solutions, including decisions on pricing and sizing of the projects to real estate developers and enabling the delivery of the products to end ..

Arunaya Organics IPO opens; check price band, lot size, GMP, key dates

At the upper end, the company seeks to raise ₹33.99 crore from the public offering, which comprises a fresh issue of 5.26 million shares and an offer for sale (OFS) of 0.6 million shares

Tiger Global-backed Urban Company files draft papers for $223 million IPO

The online services aggregator plans to use over half of the funds raised from new shares for developing tech offerings

LG postpones IPO for Indian unit due to 'unfavorable' market conditions

South Korean major LG Electronics has delayed the upcoming initial public offering (IPO) for its Indian unit, amid volatility in the local share markets, according to industry insiders. Earlier, the South Korean Chaebol was planning the IPO and subsequent listing of LG Electronics India on the bourse in the second week of May. However, it has been deferred for at least one quarter. LG may delay the IPO even further, if in August the consumer electronics major finds market sentiment not good, industry insiders told PTI. The IPO, which was estimated to be around Rs 15,000 crore in some media reports, had not attracted a very warm reception from the investors, they said. The market is facing uncertainties from the new tariff regulation by the Trump administration, and also the latest development on the terror attack at Pahalgam in Jammu & Kashmir. An LG Electronics spokesperson said a final decision on this will be taken based on market conditions. "The procedures for LGEIL's IPO ar

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