Page 7 - Initial Public Offerings

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

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