Page 14 - Ipo

Smartworks Coworking IPO fully subscribed; 1.15 times on Day 2 of offering

The initial public offering (IPO) of Smartworks Coworking Spaces Ltd got subscribed 1.15 times on day two of bidding on Friday. The IPO received bids for 1,19,96,496 shares against 1,04,01,828 shares on offer, according to NSE data. The portion for non-institutional investors received 1.79 times subscription while the quota for retail individual investors (RIIs) got subscribed 1.18 times. The category for qualified institutional buyers (QIBs) received 63 per cent subscription. Smartworks Coworking Spaces has raised Rs 173.64 crore from anchor investors. The IPO of Smartworks Coworking Spaces hit the capital market on Thursday to raise nearly Rs 600 crore as the company intends to expand its business and reduce debt. The company has fixed a price band of Rs 387-407 per share for its IPO, which will close on July 14. The size of the fresh issue has been reduced to Rs 445 crore from the earlier planned Rs 550 crore, while the offer for sale (OFS) by promoters has been cut to 33.79 l

Orient Cables files for ₹700 crore IPO papers with fresh issue and OFS

Orient Cables (India) Ltd on Thursday filed preliminary papers with capital markets regulator Sebi seeking its approval to raise Rs 700 crore through an initial public offering (IPO). The public offer comprises both a fresh issue and an Offer for Sale (OFS) by promoters. The fresh issue consists of equity shares worth Rs 320 crore, while the OFS comprises equity shares aggregating to Rs 380 crore, taking the total offer size to Rs 700 crore, according to the draft red herring prospectus (DRHP). Proceeds from the fresh issue worth Rs 91.50 crore will be used to fund capital expenditure for the purchase of machinery, equipment, and civil works at the company's manufacturing facilities. In addition, Rs 155.50 crore will be used for repayment or partial prepayment of certain outstanding borrowings and a portion will also be allocated for general corporate purposes. The company may consider a pre-IPO placement of up to Rs 64 crore. If undertaken, the amount raised through the pre-IPO .

Aggcon Equipments Int'l files IPO papers with Sebi to raise ₹332 cr

Infrastructure equipment rental company Aggcon Equipments International Ltd on Thursday filed draft papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The Haryana-based company plans to raise Rs 332 crore through fresh issuance of equity shares, besides, promoters would sell 94 lakh shares under the offer-for-sale, according to the draft red herring prospectus (DRHP). Proceeds from the fresh issue to the tune of Rs 168 crore would be used for payment of debt, Rs 84 crore for purchase of equipment and a portion would be used for general corporate purposes. Incorporated in 2003, Aggcon Equipments International is one of the leading and fastest-growing infrastructure equipment rental companies in India. The company maintains a large fleet of equipment to support diverse infrastructure projects. As of March 2025, the company catered to more than 500 customers across 27 states and five Union Territories in India. Aggcon ...

Apple supplier Lens Technology to debut in Hong Kong after $607 mn float

Headed by China's second-richest woman, Lens Technology is the latest China-traded company to set its sights on Hong Kong

Travel Food Services IPO gets subscribed 10% on day one of bidding

Travel Food Services, operating a travel quick-service restaurant and a lounge business across airports in India and Malaysia, on Friday raised nearly ₹600 crore from anchor investors

IPOs mark a new era for India's hospitality industry with scale, ambition

In the past two months, international chains have announced aggressive expansion plans for India. Most plan to open 100-300 hotels in the next five years, said analysts at Elara Capital

IPO-bound Smartworks FY25 loss widens to ₹63 cr, revenue rises 32%

Smartworks Coworking Spaces, which plans to launch IPO on July 10, has posted a net loss of Rs 63.17 crore in the last financial year despite rise in income from operations. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal year from Rs 1,039.36 crore in the preceding year, according to red herring prospectus (RHP) filed by the company. Gurugram-based Smartworks currently has 48 operational centres with over 1.9 lakh seating capacities. "These losses were on account of our total income being lower than the expenses for the relevant fiscal," the company said in the RHP. Smartworks said it aims to generate and sustain increased revenue levels and decrease proportionate expenses in future periods to achieve profitability. Smartworks will hit the capital market on July 10 to launch its initial public offering (IPO). The issue will conclude on July 14. The company has rev

Allied Engineering Works files IPO papers, to raise ₹400 cr via fresh issue

Smart energy meter manufacturer Allied Engineering Works has filed preliminary papers with the markets regulator Sebi to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 400 crore, and an offer-for-sale of 75 lakh shares by promoter Ashutosh Goel, according to the draft red herring prospectus (DRHP) filed on Saturday. Proceeds from the fresh issue will be used for part financing the capital expenditure required to set up manufacturing facilities. This includes Rs 116.75 crore for the production of smart gas meters, smart water meters, and IoT (Internet of Things) solutions at the Kundli facility, and Rs 99.71 crore for the production of smart electricity meters at the Rai facility. Additionally, Rs 120 crore will be allocated towards meeting the company's future working capital requirements and a portion of the proceeds will also be used for general corporate purposes. Also, the city-based company consider

Smarten Power IPO to open on Jul 7, sets issue price band at ₹100/share

Smarten Power System on Sunday said it has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering (IPO) that will open for subscription on July 7. The IPO will conclude on July 9, and the shares will be listed on the NSE's Emerge, Smarten Power System said in a statement. The IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to Rs 40.01 crore and an offer for sale of 10 lakh shares aggregating to Rs 10 crore. Proceeds from the fresh issue will be utilised for the purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, repayment of debt, funding capital expenditure requirements and general corporate purposes. Incorporated in 2014, Smarten Power Systems designs and assembles power backup and solar products, including home UPS systems, solar inverters, power conditioning units, and trades solar panels and batteries. "This IPO marks an important milestone in our gro

Smartworks Coworking IPO to open on July 10; issue size cut to ₹445 crore

About Rs 226 crore from the total proceeds will be used for capital expenditure related to the fit-outs in new centres and security deposits for these new centres

Crizac's ₹860 crore IPO subscribed 59.82 times on final bidding day

The initial public offer of student recruitment solutions provider Crizac Ltd got subscribed 59.82 times on the closing day of bidding on Friday. The Rs 860-crore initial share sale received bids for 154,56,79,488 shares against 2,58,36,909 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) got subscribed a whopping 134.35 times while the quota for non-institutional investors fetched 76.15 times subscription. Retail Individual Investors (RIIs) part received 10.24 times subscription. Crizac on Tuesday said it has garnered Rs 258 crore from anchor investors. The price band has been fixed at Rs 233-245 per share for the initial public offering (IPO). The IPO is entirely an offer for sale (OFS) of equity shares worth Rs 860 crore by promoters Pinky Agarwal and Manish Agarwal with no fresh issue component, as per the red herring prospectus. The OFS consists sale of equity shares worth Rs 723 crore by Pinky Agarwal and Rs 137 crore by Manish. Since

Meesho files confidential IPO papers with Sebi, targets ₹4,250 cr listing

Last month, the NCLT approved Meesho's move to shift its HQ from Delaware to India, a step seen as key to its long-awaited listing and corporate restructuring

Kapur Family Trust to partially sell stake in Travel Food Services

Travel Food Services IPO is a full offer-for-sale issue by Kapur Family Trust with SSP Group raising stake as company eyes APAC, Middle East and highway QSR growth

HDB Financial Services jumps 13% on debut, valued at ₹69,704 crore

HDB Financial Services gains over 13 per cent on market debut with Rs 69,704 crore valuation after strong IPO demand, though RBI's stake cap proposal could weigh on outlook

Ellenbarrie, Globe Civil shine on market debut; Kalpataru, Raymond subdued

Industrial listings see strong investor response while real estate debuts Kalpataru and Raymond Realty deliver modest or flat returns despite strong sectoral interest

India's IPO market eyes $2.4 bn in offerings in July on confidence revival

So far this year, India continues to the world's No. 2 IPO market with $5.86 billion raised, accounting for the 12 per cent of total proceeds globally, LSEG data shows

Hero Motors files draft papers for ₹1,200 cr IPO; looks to reduce debt

The company will issue fresh shares worth up to ₹800 crore while its existing shareholders will sell shares worth up to ₹400, the draft prospectus showed

Cloud kitchen operator Curefoods' investors rush for exits ahead of IPO

Curefoods files for ₹800 crore IPO with investor exits led by Iron Pillar and Accel, even as the firm shows revenue growth and plans brand expansion

Investment bankers pocket just ₹104 crore from HDB Financial IPO

HDB Financial paid investment bankers just 0.83 per cent or ₹104 crore in fees for its ₹12,500 crore IPO-far lower than Hyundai, PayTM and Hexaware precedents

Tenneco Clean Air India files for IPO with Sebi, seeks to raise ₹3000 cr

Tenneco Clean Air India Ltd, part of the US-headquartered Tenneco Group, on Monday filed preliminary papers with capital markets regulator Sebi for a Rs 3,000-crore initial public offering (IPO). The proposed IPO is entirely an Offer for Sale (OFS) by the promoter Tenneco Mauritius Holdings Ltd with no fresh equity issuance, according to the draft red herring prospectus (DRHP). Since the issue is entirely an OFS, the company will not receive any proceeds from the IPO and all funds raised will go directly to the selling shareholder. The objective of the IPO is to achieve the benefits of listing, the draft papers stated. Tenneco Mauritius Holdings Ltd, Tenneco (Mauritius) Ltd, Federal-Mogul Investments B.V., Federal-Mogul Pty LTD, and Tenneco LLC are the promoters of the company. Tenneco Clean Air India is part of the Tenneco Group, a US-headquartered automotive component supplier. The company manufactures and supplies critical, highly engineered and technology-intensive clean air,