Page 18 - Ipo

Ahead of IPO, Scoda Tubes raises Rs 66 crore from anchor investor

Stainless-steel tubes and pipes manufacturer Scoda Tubes on Tuesday raised Rs 66 crore from anchor investors, a day before its initial share sale opening for public subscription. The anchor investors who invested in the company are Malabar India Fund, MNCL Capital Compounder Fund 2, Aarth AIF Growth Fund, IMAP India Capital Investment Trust - Catalyst New India Fund, Chhattisgarh Investments and Swyom India Alpha Fund, according to a circular uploaded on BSE's website. As per the circular, Scoda Tubes allotted 47,14,200 equity shares to these anchor investors at Rs 140 a piece, which is also the upper end of the price band. The Gujarat-based company's IPO is entirely a fresh issue of equity shares, aggregating up to Rs 220 crore with no offer for sale (OFS) component. The issue, with a price band of Rs 130-140 per share, will open for public subscription on May 28 and conclude on May 30. Proceeds of the issue will be used to expand the production capacity of seamless and welded tu

Fleetx raises ₹113 crore in Series C, aims for profitability and IPO

Fleetx will use the fresh capital to enhance product capabilities, double ARR, expand enterprise sales, and move towards profitability and IPO readiness within a year

Coal India files draft papers for CMPDIL IPO to offload 7.14 crore shares

This move follows Coal India's announcement that draft papers for both CMPDIL and BCCL would be filed soon; only CMPDIL's IPO is in motion for now

Fujita Corp-backed Neilsoft refiles draft IPO papers; cuts fresh issue size

Fujita Corporation-backed Neilsoft Ltd has refiled its draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO will have a combination of a fresh issue of shares worth Rs 90 crore and an offer-for-sale (OFS) of 80 lakh shares by promoters and existing shareholders, according to the draft red herring prospectus filed on Monday. The company has reduced its fresh issue size from Rs 100 crore planned at the time of filing draft papers in December 2024. The regulator had returned these preliminary papers in March this year. Neilsoft, a technology-driven engineering services and solutions company, plans to use Rs 69.63 crore to fund capital expenditure and the rest 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

Fusion CX files IPO papers with Sebi; seeks to raise Rs 1,000 crore

Fusion CX Ltd, a customer experience service provider, has filed preliminary papers with Sebi seeking its nod to raise Rs 1,000 crore through an initial public offering (IPO). The Kolkata-headquartered firm's IPO comprises fresh issue of equity shares aggregating up to Rs 600 crore and an Offer for Sale (OFS) of equity shares valued Rs 400 crore, according to the draft red herring prospectus (DRHP) filed on Monday. The OFS comprises stake sale by promoters P N S Business Private Ltd and Rasish Consultants Private Ltd. Besides, the company may raise up to Rs 120 crore in a Pre-IPO placement round. If such an initiative is completed, the fresh issue size will be reduced. Fusion CX proposes to utilize proceeds of the fresh issue to the tune of Rs 292 crore for payment of debt, Rs 75 crore towards investment in step-down subsidiaries - Omind Technologies Inc and Omind Technologies Private Limited - for upgrading IT tools. Additionally, funds will be used for pursuing inorganic growth

CIEL HR posts 35% profit growth, expands HR tech ahead of planned IPO

IPO-bound CIEL HR reports ₹14.67 crore net profit and ₹1,504.5 crore revenue in FY25, driven by tech-enabled HR solutions and two strategic acquisitions

OYO restarts IPO talks, eyes Q4 listing at $6-7 billion valuation

Global travel tech platform OYO has started discussions with bankers for a fresh attempt at IPO, targeting a listing in the last quarter of the current financial year, sources said. Preliminary discussions with investment banks have indicated a potential valuation range of USD 6-7 billion for the public offering. The company started informal discussions last month and is now calling for pitches, according to a person familiar with the development. "The company is engaging with both Indian and international banking institutions with plans to potentially file theHP documents between Aug-Sept this year. It is yet to decide whether to file with FY25 financial results or wait till the Q1 FY26 financials are audited and ready for filing," sources told PTI. A crucial round of discussions with the company's board and with its key shareholder, SoftBank's representatives, is scheduled for June in London. "The Board and all shareholders, including SoftBank, are keen for the company to active

Aegis Vopak Terminals IPO Day 2 update: Subscription lags at 29%, GMP up 4%

Aegis Vopak IPO was commanding a GMP of ₹11 or 4.68 per cent, trading at ₹246 against the upper band price of ₹235, on Tuesday, in the unofficial markets

Prostarm Info Systems IPO opens today: GMP up 24%; should you subscribe?

Prostarm Info Systems were trading at ₹130, commanding a GMP of ₹24 or 23.8 per cent compared to the upper price band of ₹105, according to sources tracking unofficial markets

Borana Weaves shares make positive D-Street debut, list at 12% premium

Borana Weaves shares listed at ₹243 apiece on BSE and NSE, against the issue price of ₹216

Groww parent Billionbrains files confidential IPO papers with Sebi

The IPO size is estimated at ₹8,000 crore and will include both primary and secondary shares

National Stock Exchange offers $118 mn to settle Sebi case, revive IPO

The NSE in October paid Rs 6,400 crore to the regulator to settle a case involving alleged unfair access to its trading platform

Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Flipkart sees 20-25% customer growth and eyes a 2026 IPO as it shifts legal base to India, boosts AI investment, and strengthens its leadership and product focus

Aegis Vopak IPO sees muted response; subscription lags at 7%, GMP 6%

Aegis Vopak Terminals IPO subscription status Day 1: The mainline IPO was subscribed only 7 per cent as of 2 PM on Day 1, according to data from National Stock Exchange

Aegis Vopak Terminals IPO opens on May 26; check price band, GMP, key dates

Aegis Vopak Terminals has set the price band for its IPO in the range of ₹223 to ₹235 per equity share

Aegis Vopak Terminals IPO invites bids; GMP at 6%: Should you subscribe?

The unlisted shares of Aegis Vopak Terminals were trading at ₹249.5, commanding a grey market premium (GMP) of ₹14.5 or 6.17 per cent compared to the upper price band of ₹235

Airtel Payments Bank to list by September 2027, says CEO Anubrata Biswas

Airtel Payments Bank must go public by September 2027 after crossing ₹500 crore net worth; FY25 net profit rises 82.5 per cent to ₹63 crore

Street Signs: Global cues to guide markets, Sebi's NSEL broker scheme

Despite volatility in secondary markets, investors embraced two recent initial public offerings (IPOs).

IPO-bound NSDL posts 5% rise in net profit to Rs 83 cr in Mar quarter

IPO-bound National Securities Depository Ltd (NSDL) on Sunday reported a 4.77 per cent rise in consolidated net profit to Rs 83.3 crore for the three months ended March 2025. The company had posted a net profit of Rs 79.50 crore in the same quarter of the preceding fiscal. Its total income rose 9.94 per cent to Rs 394 crore in the quarter under review from Rs 358 crore in the January-March quarter of 2023-24, NSDL said in a statement. For the full fiscal year, the depository's net profit surged 24.57 per cent to Rs 343 crore and total income rose 12.41 per cent to Rs 1,535 crore over FY24. The depository's board of directors has recommended a final dividend of Rs 2 per equity share for the financial year FY 2024-25, subject to the approval of the shareholders. NSDL facilitates the holding and transfer of securities in dematerialised form. Its demat account holders were in more than 99 per cent of pin codes in India and 186 countries across the world, with over 63,000 service centr

Belrise Industries IPO subscribed 41.3 times on last day of offer

The initial public offer of automotive components maker Belrise Industries got subscribed 41.30 times on the closing day of bidding on Friday, helped by encouraging participation from institutional buyers. The Rs 2,150-crore initial share sale received bids for 7,31,30,36,542 shares against 17,70,58,824 shares on offer, according to data available with the NSE. The category for Qualified Institutional Buyers (QIBs) received 108.35 times subscription while the quota for non-institutional investors got subscribed 38.33 times. The portion for Retail Individual Investors (RIIs) fetched 4.27 times subscription. Belrise Industries on Tuesday garnered Rs 645 crore from anchor investors. The IPO is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). The issue has a price band of Rs 85-90 per share. Going by the prospectus, the company intends to utilise proceeds worth Rs 1,618 crore for the payment of debt.