Page 10 - Ipo

Jaro Education IPO to open on September 23, aims to raise Rs 450 crore

Jaro Institute of Technology Management and Research (Jaro Education) on Thursday said it is looking to raise Rs 450 crore through its Initial Public Offering (IPO), which will open for subscription on September 23. In a public announcement, the company said it has fixed a price band of Rs 846 to Rs 890 per share for its maiden public offering. The company's IPO --comprises a fresh issue of shares worth Rs 170 crore and an Offer for Sale (OFS) of shares valued Rs 280 crore by promoter Sanjay Namdeo Salunkhe -- is scheduled to conclude on September 25. Of the fresh issuance, Rs 81 crore has been earmarked for marketing, brand building and advertising activities, Rs 45 crore for payment of debt and the rest for general corporate purposes. Founded in 2009 by Salunkhe, Jaro Education offers degree programs and certification programs in collaboration with its partner institutions. As of March 2025, it has over 22 offices-cum-learning centres across major cities for offline learning, ap

GK Energy raises ₹139.27 crore from anchor investors ahead of IPO

Solar-powered agricultural water pump systems provider GK Energy on Thursday said it has collected over Rs 139 crore from anchor investors, a day before its initial share-sale opening for public subscription. Some of the institutions that participated in the anchor round included HSBC Mutual Fund (MF), Citigroup Global Markets Mauritius, Motilal Oswal MF, Bandhan MF, Pinebridge Global Funds, Societe Generale, according to a circular uploaded on the BSE website. The company has allotted 91.03 lakh equity shares to 13 funds at Rs 153 apiece, aggregating the transaction size to Rs 139.27 crore, it added. The Rs 465-crore IPO will be open for public subscription from September 19 to 23. The price band has been fixed at Rs 145-153 per share. The Pune-based firm's offering is a combination of fresh issue of shares worth Rs 400 crore and an offer-for-sale (OFS) of 42 lakh equity shares, worth Rs 65 crore at the upper end, by selling shareholders. Proceeds from the fresh issue to the exte

Ahead of IPO, Saatvik Green Energy garners ₹269 cr from anchor investors

Solar panel maker Saatvik Green Energy on Thursday said it has mobilised over Rs 269 crore from anchor investors, a day before its initial share-sale opening for public subscription. HDFC Mutual Fund (MF), Nippon India MF, Bandhan MF and SBI General Insurance Company are among the anchor investors, according to a circular uploaded on BSE's website. The company has allotted 57.93 lakh equity shares to nine funds at Rs 465 apiece, aggregating the transaction size to Rs 269.4 crore, the circular added. The issue, with a price band of Rs 442 to Rs 465 per share, would open for public subscription on September 19 and conclude on September 23. At the upper end, the Haryana-based company is valued at around Rs 5,910 crore. The company's maiden public offering is a combination of a fresh issue of shares worth Rs 700 crore and an offer for sale (OFS) of Rs 200 crore by promoters. Proceeds from the fresh issue worth Rs 477.23 crore will be invested in Saatvik Solar Industries Private Limit

India's top used-car startups line up for IPOs worth over $1 billion

Three Unicorn startups - CARS24 Services Pvt., CarDekho and Spinny - that buy and sell pre-owned vehicles are in early talks with bankers to assess investor appetite

Urban Company shares jump 62% above issue price on trading debut

Shares of app-based beauty and home services platform Urban Company Ltd on Wednesday ended with a premium of more than 62 per cent over the issue price of Rs 103. The company's stock started trading at Rs 161, a jump of 56.31 per cent from the issue price on the BSE. During the day, it zoomed 73.78 per cent to Rs 179. Shares of the company ended at Rs 167.05, up 62.18 per cent. On the NSE, the stock was listed with a premium of 57.52 per cent at Rs 162.25. Shares of the firm ended at Rs 166.83 apiece, up 61.97 per cent. The company's market valuation stood at Rs 23,986.74 crore. In volume terms, 149.88 lakh shares of the firm were traded on the BSE and 1,960.31 lakh shares exchanged hands on the NSE during the day. The initial public offer of Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the final day of bidding on Friday last week. The Rs 1,900-crore IPO had a price band of Rs 98-103 per share. The com

Groww eyes ₹7K cr public issue; GK Energy to float ₹465 cr IPO on Sep 19

Urban Company, Dev Accelerator and Shringar House of Mangalsutra will make their trading debut on Wednesday

Simple Energy develops India's first heavy rare earth-free EV motor

Simple Energy has started commercial production of heavy-rare-earth free EV motors, achieving 95 per cent localisation as it eyes a $350 million IPO in FY27

Euro Pratik Sales IPO 43% subscribed on first day; retail portion at 33%

The initial public offer of Euro Pratik Sales Ltd, a prominent player in the decorative wall panel industry, got subscribed 43 per cent on the first day of bidding on Tuesday. The IPO received bids for 58,25,340 shares against 1,34,64,781 shares on offer, according to the data. The portion for non-institutional investors got subscribed 89 per cent, and the Retail Individual Investors (RIIs) part received 33 per cent subscription. The Qualified Institutional Buyers (QIBs) quota was subscribed 26 per cent. Euro Pratik Sales Ltd on Monday garnered Rs 135 crore from anchor investors. The public issue is entirely an offer for sale of shares worth Rs 451.32 crore by promoters with no fresh issue component. The IPO will conclude on September 18. The company's shares are available for subscription in the price band of Rs 235 to Rs 247 per share. Euro Pratik has an extensive product range catering to both residential and commercial applications, which is predominantly sold under its flags

Canara HSBC Life Insurance secures Sebi approval for proposed IPO plan

State-owned Canara Bank on Monday said its subsidiary, Canara HSBC Life Insurance Company Ltd, has received capital market regulator Sebi's nod for its proposed initial public offering (IPO). Canara HSBC Life Insurance has received communication from the Securities and Exchange Board of India (Sebi) vide letter dated September 15 on final observations and for filing Updated Red Hearing Prospectus (UDRHP), Canara Bank said in a regulatory filing. The offer comprises an offer for sale of up to 23.75 crore shares of face value of Rs 10 each, including up to 13.77 crore shares by Canara Bank, up to 47 lakh shares by HSBC Insurance (Asia-Pacific) Holdings and up to 9.5 crore shares by Punjab National Bank. Canara HSBC Life Insurance Company is a three-way venture promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, a member of The Hongkong and Shanghai Banking Corporation Ltd (HSBC) group, and another state-owned lender Punjab National Bank (PNB). The company had the ...

Medicover Hospitals to launch IPO in 2026, says CMD Anil Krishna

Medicover Hospitals, a city-based super-specialty healthcare chain, is planning to go for an Initial Public Offering (IPO) in 2026 to support its expansion of infrastructure and reduction of debt burden. Medicover on Monday announced significant expansion plans in Telangana with the addition of two new multi-specialty hospitals here, a press release said. Speaking at a media interaction, Dr Anil Krishna, Chairman and Managing Director, Medicover Hospitals, said the group has set a turnover target of Rs 2,000 crore for the current financial year. The expansion includes exploring key markets outside the Telugu states, particularly Bengaluru and Pune and increasing Medicover's overall capacity to around 6,400 beds across India, he added.

iValue Infosolutions sets IPO price band at ₹284-299; know key details here

iValue Infosolutions IPO will open for subscription on Thursday, September 18, 2025, and close on Monday, September 22, 2025.

Flipkart Internet FY25 revenue rises 14%, losses narrow 37% on IPO prep

Flipkart Internet, the marketplace arm of Flipkart, posted ₹20,493 crore in revenue and cut losses to ₹1,494 crore in FY25, as the Walmart-owned firm readies for a public listing

Urban Company IPO subscribed 103.6 times on final day of bidding

The Gurugram-based company plans to raise Rs 472 crore through selling new shares, and existing investors plan to sell stakes worth Rs 1,428 crore

Sebi board clears IPO rule relaxations, new norms for foreign investors

Stock market regulator Sebi's board on Friday cleared significant reforms, focusing on IPO regulations, simplified entry for foreign investors, and a new framework for anchor investors in public issues. This was the third board meeting chaired by Sebi chief Tuhin Kanta Pandey who assumed office on March 1. Among the proposals approved included relaxing the minimum IPO requirements for very large companies, and also extending the timeline for them to meet minimum public shareholding norms. In its board meeting, Sebi approved a proposal to make it easier for low-risk foreign investors to participate in the Indian securities market with the introduction of a single window access. This is aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination. To enhance the attractiveness of IPOs for global funds, Sebi decided to revamp share-allocation framework for anchor investors in companies' maiden public offerings. Additionally, it has been deci

Cotec Healthcare files draft papers with Sebi to raise funds through IPO

Pharmaceutical company Cotec Healthcare Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 295 crore, along with an offer for sale (OFS) component of 60 lakh shares, according to the draft red herring prospectus (DRHP) filed on Thursday. Under the OFS, promoters Harsh Tiwari and Vandana Tiwari will offload 30 lakh equity shares each. The company proposes to utilise proceeds from the fresh issue worth Rs 226.25 crore for setting up anew project aimed at enhancing existing manufacturing capacities and facilitating the manufacture of new products. Besides, a portion of the proceeds will also used for general corporate purposes. Cotec Healthcare is a leading player in the contract development and manufacturing organization (CDMO) industry in India. Its CDMO offerings include formulation, loan licensing and commercial manufacturing of

Ahead of IPO, Urban Company mobilises ₹854 cr from anchor investors

As per the circular, the company has allocated 8.29 crore equity shares at Rs 103 per apiece to anchor investors comprising 59 funds. This takes the fundraising to Rs 854 crore

TechD Cybersecurity sets IPO price band at ₹183-193/share for ₹39 crore IPO

Vijay Kedia-backed TechD Cybersecurity on Tuesday said it has fixed the price band at Rs 183-193 per share for nearly Rs 39-crore IPO which will open for public subscription on September 15. The initial public offering (IPO) will conclude on September 17. The bidding for anchor investors will open for a day on September 12, according to the red herring prospectus (RHP) filed on Monday. The public issue is entirely a fresh issue a little over 20.20 lakh equity shares aggregating to Rs 38.99 crore. Proceeds from the fresh issue to the tune of Rs 26.09 crore will be used towards investment in human resources, Rs 5.89 crore for capital expenditure for setting up global security operation centre at Ahmedabad and balance for general corporate purposes. "Through this IPO, we aim to accelerate our global expansion into North America, the Middle East, Africa, and Australia, while positioning Gujarat as the cybersecurity capital of India," Sunny Vaghela, Chairman and MD of TechD Cybersecurit

Sebi eases IPO regulations, allows startup founders to retain ESOPs

In a big relief to startup founders looking to go public, Sebi has amended rules allowing them to retain Employee Stock options (ESOPs) granted at least one year before filing preliminary IPO (initial pubic offering) papers. "An employee who is identified as a 'promoter' or part of the 'promoter group' in the draft offer document filed by a company with the Board in relation to an IPO, and who was granted options, SAR (Stock Appreciation Rights) or any other benefit under any scheme at least one year prior to filing of the draft offer document, shall be eligible to continue to hold and/or exercise such options, SAR or any other benefit," Sebi said in a notification made public on Tuesday. The new rule would facilitate founders who received ESOPs at least one year before the filing of draft papers to continue holding or exercising such benefits even after being specified as the promoter and the company becoming a listed entity. Under the existing regulations, promoters are ineligible

PhysicsWallah IPO: Slipper threats, mysterious odors flagged as biz risk

PhysicsWallah recently filed updated draft papers with markets regulator Sebi to raise ₹3,820 crore, which will be used for expansion and growth initiatives

Shivalaya Construction files ₹450 cr for IPO with Sebi via fresh issue, OFS

Shivalaya Construction has filed preliminary papers with markets regulator Sebi for raising funds through an initial public offering to pare its debt. The proposed IPO is a combination of a fresh issue of shares worth Rs 450 crore and an offer-for-sale (OFS) of 2.48 crore shares by promoters, according to the draft red herring prospectus (DRHP). Of the fresh issuance, funds to the tune of Rs 340 crore will be used to pay debt, and the remaining funds will be utilised for general corporate purposes. The company, in its draft papers filed on Friday, stated it had total borrowings of Rs 3,048 crore as of March 2025. The Delhi-based company may consider a pre-IPO placement aggregating up to Rs 90 crore. If this is undertaken, the fresh issue size will be reduced accordingly. Incorporated in 2007, Shivalaya Construction is an integrated infrastructure engineering, procurement and construction player with a focus on roads, highways and bridges. It executed 41 projects as of July 31, 202