Page 16 - Ipo

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,

Silverton Industries files IPO papers, seeks ₹300 cr via fresh issue

Eco-friendly paper manufacturer Silverton Industries has filed draft papers with markets regulator Sebi seeking its approval to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds from the fresh issue to the tune of Rs 129.4 crore would be used towards capital expenditure for sustainability initiatives at the existing manufacturing facility, such as the installation of a 14 MW waste-to-energy captive power plant and a compressed bio gas plant. An additional Rs 25.25 crore will be used to enhance the rewinder and sheeter capacity and to construct in-house warehouses at the existing facility, Rs 72 crore for the payment of debt and the remaining funds for general corporate purposes. Silverton Industries is into manufacturing and marketing of eco-friendly ...

Pine Labs CEO Amrish Rau may net ₹1,000 crore as firm files for IPO

Pine Labs' DRHP shows CEO Amrish Rau's net worth may cross ₹1,000 crore as he sells shares via OFS, alongside Peak XV, PayPal, Mastercard and other investors

HDB Financial IPO subscribed 17x on strong institutional demand

HDB Financial's ₹12,500 crore IPO sees overwhelming interest from institutional investors, though modest grey market premium kept retail demand relatively low

Wakefit Innovations files draft papers with Sebi; seeks to raise ₹ 468 cr

Home and furnishings company Wakefit Innovations Ltd has filed preliminary papers with markets regulator Sebi, seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO of the Bengaluru-based company is a combination of a fresh issue of equity shares aggregating up to Rs 468.2 crore and an offer for sale (OFS) of 5.84 crore equity shares by the selling shareholders, according to the draft red herring prospectus (DRHP) filed on Thursday. As part of the OFS, the promoters -- Ankit Garg and Chaitanya Ramalingegowda and other selling shareholders -- Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP, Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund and Paramark KB Fund I will be offloading shares. Wakefit proposes to utilise the proceeds from the fresh issue worth Rs 82 crore for setting up of 117 new COCO -- Regular Stores and one COCO -- Jumbo Store; Rs 15.4 crore towards ...

Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids

Kalpataru IPO sees modest interest; Ellenbarrie and Global Civil Projects attract overwhelming demand from institutional and HNI segments on final day