Ipo Fundraising

More Retail plans ₹2,000 crore IPO by 2026 to fund expansion, cut debt

Amazon and Samara Capital-backed supermarket chain More Retail is planning to raise around Rs 2,000 crore through an initial public offer (IPO), which is expected to hit the market in the calendar year 2026, a top company official said on Monday. The proposed fund-raise plan will be mostly through fresh capital infusion, with no significant offer-for-sale component, as promoters, Samara Capital and Amazon, who hold 51 per cent and 48 per cent stake respectively, are unlikely to offload their shares, he said, adding that the remaining stake is held by family offices. "We are looking at an IPO in 1218 months, depending on valuation and market conditions. We hope to raise Rs 2,000 crore, and the current promoter dilution could be about 10 per cent," More Retail Managing Director Vinod Nambiar said. He said the funds will be used primarily to expand the store count to 3,000 by 2030 and to make the company nearly debt-free. The current debt stands at about Rs 500 crore, consisting of lo

India bags 22% of global IPO share, rakes in $2.8-bn in Q1 2025: EY report

During the period, a combined 62 IPOs listed on the National Stock Exchange (NSE) and BSE, raising $2.8 billion in proceeds

Upcoming IPO! Anand Rathi Group's brokerage arm refiles DRHP with Sebi

Previously, Anand Rathi Share and Stock Brokers had filed its DRHP with the market regulator in December 2024

IPO Alert! Jain Resource Recycling files draft papers with Sebi; details

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

FY25 mop up at ₹1.72 trn: Will FY26 be another blockbuster year for IPOs?

Analysts attribute this success in the primary markets to the remarkable performance of secondary markets for most part of FY25

Upcoming IPO: Pranav Constructions files DRHP with Sebi; details here

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

Will volatility dampen the IPO market in 2025? Here's what experts predict

Data sourced from PrimeDatabase suggest that the IPO pipeline for CY25 continues to remain strong, as 44 companies have already received approval from Sebi

IPO Alert! CIEL HR Services gets final observations from Sebi; details

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)

Stallion India IPO opens on January 16; check GMP, dates, other key details

As investors await the opening of the public offering, here are the key details of the Stallion India IPO, as outlined in the company's Red Herring Prospectus (RHP)

Upcoming IPO! Vidya Wires files draft papers with market regulator Sebi

Pantomath Capital Advisors, and IDBI Capital Markets & Securities are the Book Running Lead Managers to the issue, while MUFG Intime India (formerly known as Link Intime India) serves as the registrar

Lenskart prepares for IPO, seeks to raise up to $1 billion from bankers

Eyewear startup Lenskart is targeting a valuation of $7-8 billion and plans to list by the end of the financial year 2026

Standard Glass' IPO fully subscribed on day one, ends with 13x subscription

The initial public offer of Standard Glass Lining Technology Ltd got fully subscribed within minutes of opening for share sale on Monday and finally ended the day with 13.32 times subscription. The public issue received bids for 27,75,00,862 shares against 2,08,29,567 shares on offer, translating into 13.32 times subscription, as per NSE data. The quota for non-institutional investors garnered 25.42 times subscription while Retail Individual Investors (RIIs) part fetched 14.46 times subscription. Qualified Institutional Buyers (QIBs) portion received 1.82 times subscription. Standard Glass Lining Technology on Friday said it has mobilised Rs 123 crore from anchor investors. The issue, with a price band of Rs 133-140 per share, will conclude on January 8. The Rs 410.05 crore public issue is a combination of fresh issuance of equity shares worth Rs 210 crore and an Offer For Sale (OFS) of up to 1.43 crore shares by promoters and other selling shareholders, according to the Red Herri

Neelkanth Realtors files draft papers with Sebi to raise funds through IPO

Neelkanth Realtors, a Mumbai-based real estate developer, has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering. The Initial Public Offering (IPO) is entirely a fresh issuance of up to 1.35 crore equity shares with a face value of Rs 10 each, according to the Draft Red Herring Prospectus (DRHP). Proceeds from the fresh issue will be utilised by Neelkanth Realtors towards funding a part of the costs to be incurred in the development of its ongoing projects, and upcoming projects, including Neelkanth Plaza Project in Thane. As per the draft papers, funds from the IPO will also be used by the Mumbai-based company for repayment of debt and general corporate purposes. In the public issue, 50 per cent of the offer will be reserved for qualified institutional investors, 15 per cent for non-institutional investors and 35 per cent for retail investors. Neelkanth Realtors is one of the prominent real estate developers in Mumbai's easter

IPO Calendar: 11 public offerings to keep investors busy next week

From opening to allotment and listing, here is the complete list of IPO activities set to keep the D-Street investors busy next week

Upcoming IPO! A-One Steels files draft papers with market regulator

The public offering comprises a fresh issue of equity shares worth up to Rs 600 crore, and an offer for sale (OFS) of shares aggregating up to Rs 50 crore by promoters

Upcoming IPO: Refrigeration sealing solutions provider Ajay Poly files DRHP

The IPO will include a fresh issue of shares worth Rs 238 crore and an offer for sale (OFS) of up to 9.3 million equity shares by promoters

Ganesh Consumer Products files DRHP with Sebi for IPO fundraising

Ganesh Consumer Products Ltd, an FMCG player in eastern India, on Friday said it has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) in the capital market. The proposed IPO comprises a fresh issue of shares worth up to Rs 130 crore and an offer-for-sale (OFS) of up to 12.44 million equity shares by promoter and investors, according to filing documents, a company statement said. The face value of each share is Rs 10. The company may also consider a pre-IPO placement of equity shares worth up to Rs 26 crore, which will be adjusted against the fresh issue, it said. Proceeds from the fresh issue will be utilised to prepay debt by Rs 50 crore and for capital expenditure for setting up a new manufacturing unit in Darjeeling, West Bengal at Rs 50 crore, and for general corporate purposes, the company stated. Ganesh Consumer Products, established in 1936, is a market leader in pack

Neilsoft files IPO draft with Sebi to raise funds via public offering

Neilsoft, a technology-driven engineering services and solutions company, has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The Pune-headquartered company's IPO is a combination of a fresh issue of shares worth Rs 100 crore and an offer for sale (OFS) of 80 lakh shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Thursday. Those selling shares in the OFS include Small Industries Development Bank of India and SICOM Ltd. Proceeds from the fresh issue to the extent of Rs 69.63 crore will be used for funding of capital expenditure. Besides, a portion will be utilised for general corporate purposes. Founded in 1991, Neilsoft provides customised engineering services, including AEC design solutions, industrial plant design, and manufacturing equipment and production line design. It also offers Engineering Process Outsourcing (EPO) services and develops tailored .

IPO Calendar: 9 public offerings to keep investors busy next week

From opening to allotment and listing, here is the complete list of IPO activities set to keep the D-Street investors busy next week

Will India's IPO market scale new heights in 2025? Experts predict this

Market analysts anticipate the strong momentum to continue in 2025, offering ample opportunities to investors to dive across diverse sectors and industries