Offer comprises ₹300 crore fresh issue and ₹300 crore OFS; proceeds to fund acquisition of subsidiary, repay borrowings and support general corporate purposes
Railway components maker Pioneer Fil-Med Ltd has filed draft papers with the markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating Rs 250 crore and an Offer For Sale (OFS) of shares worth Rs 250 crore by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The OFS includes stake sales by promoter Pioneer Facor IT Infradevelopers and promoter group entity Aztech India, each proposing to offload shares worth up to Rs 125 crore. The company proposes to utilise the proceeds from the fresh issue towards part financing the cost of establishing a gear box manufacturing facility and a wind generator components manufacturing facility, both at Salarpur in Bhiwadi, Rajasthan, as well as for general corporate purposes. Additionally, the listing of its equity shares on the stock exchanges is expected to enhance the company's brand visibility and provid
The share sale will include an offer by existing investors to sell as many as 43.23 million shares, representing a 3.66 per cent stake, alongside a fresh issue of shares worth ₹8,000 crore
PhonePe has temporarily deferred its IPO plans citing the West Asia conflict and volatile markets, though the company says it remains committed to pursuing a public listing in India
India eases IPO rules for large firms, allowing companies valued above ₹5 trillion to float just 2.5% shares initially while setting a glide path to 25% public shareholding
Ambani said in August that Reliance was aiming to list Jio in the first half of 2026, a plan he had first signaled 2019 - back then with a five-year timeline
The planned share sale will be entirely an offer for sale, with existing shareholders expected to divest about 4 per cent to 4.5 per cent of the company's equity
Clean Max's ₹3,100-crore IPO narrowly scraped through, with strong institutional demand offsetting weak retail and HNI participation, even after the issue was sharply downsized
They are part of Prime Minister Narendra Modi's second four-year plan for asset monetisation, after the first raised ₹5.3 trillion by 2024/25, below the government's ₹6 trillion target
The development comes as Nvidia nears finalising a $30 billion investment in OpenAI as part of a fundraising round in which the AI startup is seeking more than $100 billion
Maharashtra State Electricity Distribution Company plans to complete the demerger of its agriculture arm by April, a key step ahead of its planned initial public offering for December, a top official has said. "We are targeting an IPO by December for MSEDCL (Maharashtra State Electricity Distribution Company), and before that, we will demerge our agriculture business, which we aim to complete by April," its Chairman and Managing Director Lokesh Chandra told PTI on the sidelines of the Mumbai Climate Week. The agriculture segment will be carved out as a separate company, not a subsidiary, ensuring its liabilities do not remain on the balance sheet of the core distribution utility, Chandra said. MSEDCL carries total dues of about Rs 96,000 crore, of which nearly Rs 76,000 crore relates to unpaid agricultural consumption, he said. The accumulation of these arrears has led to higher working capital borrowings and financial strain, despite the core distribution business being operationa
Danish brewing giant Carlsberg is considering listing its India business, as it looks to unlock shareholder value in the country where it is witnessing strong growth, said its Group CEO Jacob Aarup-Andersen. Ending speculation, Andersen, during the investor call, revealed the company's listing plans; however, he added that no final decision has been made so far. "We are today confirming the intention to explore an IPO in India. And we have not made any final decisions yet on that," he said while replying to a query. The company is exploring different options for increasing shareholder value, and that may potentially include an IPO of its business in India, he said. However, he declined to divulge further details saying: "It also unfortunately restricts me from a legal perspective in terms of what I can say and not say around that. But ... what I can say is that this exploration is driven by our aim to create shareholder value... So, we are assessing this on the back of assessing ..
The Delhi High Court dismissed a petition opposing Sebi's NOC for NSE's IPO, removing a key obstacle to the bourse's long-awaited listing after governance issues had stalled the process for years
Fractal Analytics' IPO comprises a fresh issue of up to ₹1,024 crore and offer-for-sale of ₹1,810 crore by existing investors
K Raheja has yet to formally appoint advisers and key details including the timing, structure, and size of the deal could still change
As many as four companies, including Knack Packaging and Shivalaya Construction, have secured Sebi's approval to mobilise more than Rs 1,400 crore collectively through initial public offerings (IPOs), data with the markets regulator showed on Monday. Others which received regulatory nod are -- tiles and bathware maker Varmora Granito and Behari Lal Engineering. The four firms, which filed their preliminary IPO papers between August and September, obtained its observations during December 15-26. In Sebi's parlance, receipt of observations is equivalent to regulatory clearance to proceed with a public issue. On the other hand, Infifresh Foods, which filed its draft papers with Sebi in August using the confidential route, withdrew its prospectus, the update showed. According to the draft papers, packaging solutions provider Knack Packaging's IPO comprises fresh equity issue of Rs 475 crore, along with an offer for sale (OFS) of 70 lakh equity shares by promoters and an existing ...
The public issue comprises a fresh issue of equity shares, with proceeds to fund overseas acquisitions under an internal restructuring and meet general corporate purposes
Pre-IPO fundraising more than doubled in 2025, but shrinking pricing gaps with IPOs and faster listings led many issuers to skip such deals, bankers say