Ipo

Absolute Projects, Jindal Supreme secure Sebi's nod to float IPOs

Absolute Projects (India) Ltd and Jindal Supreme (India) Ltd have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update from the markets regulator showed on Monday. The two firms, which filed their preliminary IPO papers between April and May , obtained the regulator's observation on July 17. In Sebiparlance, issuing observations implies approval to float theIPO. According to the draft papers, Absolute Projects' IPO comprises a fresh issue of 2 crore equity shares with no offer-for-sale (OFS) component. Funds will be used to modernise Manufacturing Facility I, procure machinery for Manufacturing Facility II, and secure equipment for Power EPC projects. Absolute Projects is an engineering, procurement and construction (EPC) player engaged in the execution of power transmission and distribution infrastructure projects. Jindal Supreme's IPO consists of both a fresh issue of 1.07 crore equity shares and an offer-for-sale (OFS) component of 26.87 lak

DeepSeek seeks fresh funding at $74 bn valuation ahead of onshore IPO

Chinese AI startup DeepSeek is reportedly planning to raise up to 50 billion yuan in a fresh funding round at a valuation of about 500 billion yuan, ahead of a potential mainland stock market listing

NLC India Renewables names SBI Capital, HDFC Bank among IPO managers

State-owned NLC India's subsidiary NLC India Renewables Ltd (NIRL) has appointed four leading investment banks, including SBI Capital Markets and HDFC Bank, as book running lead managers for its proposed initial public offering (IPO). The other two book running lead managers (BRLMs) which have been selected following a board-approved, structured and competitive process are -- IIFL Capital Services, IDBI Capital Markets & Securities. The proposed IPO is expected to strengthen NIRL's capital base and support its long-term growth strategy in the renewable energy sector and to contribute to the country's target of achieving 500 GW of non-fossil fuel-based energy capacity by 2030, a company statement said on Friday. Also, it is intended to facilitate the listing of the equity shares of NIRL on the recognised stock exchanges in India, subject to receipt of applicable statutory and regulatory approvals, prevailing market conditions and other customary considerations. The appointment is ..

Manipal Hospitals cuts IPO valuation to ₹80,000 cr amid market volatility

The Temasek-backed hospital chain is expected to launch its ₹11,000 crore share sale later this month amid cautious investor sentiment

Caliber Mining IPO opens today: Is it worth your money? Brokerages weigh in

Caliber Mining IPO GMP today is ₹105, signalling that shares of the company could debut at ₹529, a premium of almost 25 per cent over the offer price.

Final call! SBI Funds Management IPO booked over 15x; should you apply?

SBI Funds Management IPO GMP today is ₹90, signalling a listing gain of 15.68 per cent. The highest GMP in the unofficial market stood at ₹140 at one point.

SpaceX shares briefly fall below $135 IPO price as post-listing rally fades

Stock closed at $135.27, marginally above its offer price after a fourth straight day of declines, reflecting cooling investor enthusiasm

Shein wins Chinese regulatory approval to proceed with Hong Kong IPO

Shein has secured approval from China's securities regulator for its planned Hong Kong IPO after earlier listing attempts in the US and London failed

SBI Funds Management targets $12.24 billion valuation in India IPO

SBI is selling up to 128.3 million shares, while Amundi India Holding will divest up to 75.4 million shares, together offloading about 10 per cent of SBI Funds Management's paid-up equity capital

PhonePe appoints Srijon Biswas as CTO; Rahul Chari takes expanded CPTO role

PhonePe has appointed Srijon Biswas as chief technology officer, while co-founder Rahul Chari assumes the expanded role of chief product and technology officer

MFs step up IPO play: Absorb nearly a third of issue amounts since Iran war

Mutual funds raised their share of IPO investments to a multi-year high during the Iran conflict, reflecting growing institutional participation in India's primary market

Carlsberg files for India unit IPO; issue may raise up to $700 million

Carlsberg India is the country's second-largest brewer, with a market share of about 22 per cent

Poor listing! Waterways Leisure Tourism shares debut 15% below IPO price

Waterways Leisure Tourism operates Cordelia Cruises, India's domestic ocean cruise brand, offering luxury cruise experiences across domestic and international destinations.

Oyo parent PRISM files updated IPO papers, aims to raise ₹6,650 crore

Hospitality-tech firm plans a ₹6,650 crore fresh issue with no offer for sale, while most of the proceeds will be used to repay borrowings and strengthen its balance sheet

Vedanta's CopperTech Metals postpones US IPO amid market volatility

The company, which was targeting a valuation of up to $3.57 billion, said it would defer the NYSE listing because of volatility across the global copper equity sector

Waterways Leisure IPO fully booked on Day 3; Sebi resolves 5,500 complaints

Waterways Leisure Tourism's IPO closes fully subscribed, Advit Jewels sees massive demand, while Sebi seeks clarification on Jio Platforms' public issue

Bajaj Auto's largest buyback to turn ex-date; tender opens July 1

Bajaj Auto's record ₹5,633 crore buyback, JSW Infra's ₹7,503 crore QIP, and mixed IPO subscriptions highlight active primary market momentum in India

Square Yards raises $95 million, plans $50 million more before IPO

Proptech firm secures $95 million through debt and equity and is targeting another $50-60 million as it strengthens its balance sheet ahead of a public listing

NSE IPO windfall: Early institutional investors set for multifold gains

Several institutional investors acquired NSE shares at fractions of a rupee, positioning them for substantial gains as the exchange prepares for what could be India's largest IPO

NSE IPO: After long wait, large payday likely ahead for early backers

OFS could unlock huge gains for long-term shareholders, with SBI, Stock Holding Corporation and insurers sitting on decades-old stakes