The company seeks to raise up to ₹2,000 crore from the public issue, which comprises both a fresh issue as well as an offer for sale of equity shares
Ardee Engineering Ltd has filed preliminary papers with capital markets regulator Sebi for an initial public offering (IPO) to raise Rs 580 crore. The IPO of the Hyderabad-headquartered company consists of a fresh issue of equity shares worth Rs 500 crore and an Offer-for-Sale (OFS) of Rs 80 crore by the promoter Chandra Sekhar Moturu, according to the draft red herring prospectus (DRHP) filed on Thursday. The company may consider raising Rs 100 crore in a Pre-IPO placement round. If such a placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 279.6 crore will be used for setting up two new manufacturing facilities at Seetharampur, Telangana; Rs 44.8 crore for establishing a new integrated manufacturing facility at Parawada, Andhra Pradesh; Rs 65 crore for payment of debt and rest for general corporate purposes. Ardee Engineering is an integrated design, engineering and manufacturing company having three primary business line
The SME offering, which opened for subscription on March 17, has received a muted response from investors, with the issue being subscribed merely 64 per cent
The pre-filing draft documents of Physics Wallah, according to the reports, have been filed with Sebi after receiving the nod from the company's board
As investors await the opening of the public offering, here are the key details of Arisinfra Solutions IPO
The Trust, which is a joint venture between the Sattva Group and Blackstone, in its draft red herring prospectus (DRHP) said that it aims to raise up to Rs 6,200 crore from the public offering
The decline in filing for IPOs suggests that companies are becoming reluctant to go public
The public offering, as outlined in the DRHP, comprises a fresh issue of equity shares of up to Rs 392 crore, with an offer-for-sale (OFS) of up to 2.85 million equity shares
Consumer electronics brand boAt may target a valuation exceeding $1.5 billion
Data sourced from PrimeDatabase suggest that the IPO pipeline for CY25 continues to remain strong, as 44 companies have already received approval from Sebi
HP Telecom India IPO opens for subscription today. Check price band, lot size, GMP, allotment date, listing date, and other key details here
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
As investors await further developments, here are the key details of the proposed CIEL HR Services IPO, taken from the Draft Red Herring Prospectus (DRHP)
Once the Hexaware Technologies IPO allotment is finalised, investors can check their status on the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue
The initial share sale of the Mumbai-headquartered company is a complete Offer for Sale (OFS) of equity shares worth Rs 8,750 crore by promoter CA Magnum Holdings, part of Carlyle Group
Ajax Engineering IPO has seen moderate investor participation, with QIBs subscribing to 33 per cent, NIIs bidding for 68 per cent, and RIIs taking up 56 per cent of their allocated shares
The public offering comprises a fresh issue of equity shares of up to Rs 300 crore, with an offer-for-sale (OFS) of up to Rs 445 crore by the promoter and investor selling shareholders
Ajax Engineering has garnered favorable reviews from brokerages, including KR Choksey, Reliance Securities, and BP Equities, for its public offering
Once the basis of allotment of Solarium Green Energy IPO shares is finalised, investors can check the status on the official websites of BSE or Link Intime India, the registrar for the issue
From opening to allotment to listing, here is the complete list of IPOs that will keep primary market investors busy next week