Page 19 - Ipo

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.

Kanodia Cement files papers with Sebi seeking approval to float IPO

Cement manufacturing company Kanodia Cement has filed preliminary papers with the markets regulator Sebi, seeking its approval to float an Initial Public Offering (IPO). The IPO is entirely an Offer For Sale (OFS) of 1.49 crore shares by promoters and an individual shareholder, with no fresh issue component, according to the draft red herring prospectus (DRHP) filed on Thursday. Since the public issue is completely an OFS, the company will not receive any funds from the issue and entire proceeds will go to selling shareholders. Kanodia Cement is a cement manufacturing company operating through Satellite Grinding Units (SGUs) in the states of Uttar Pradesh and Bihar, specialising in the production of blended cement such as Portland Pozzolana Cement and Composite Cement. It operates through a unique combination of business-to-business contract manufacturing for cement brands (Contract Manufacturing Model); and production and marketing of its own consumer brands (Business-to-Consumer

AVTL IPO to open on May 26, price band fixed at ₹223-235 per share

Price band fixed at Rs 223 to 235 per share; offer to close on May 28; net proceeds to be used for debt repayment, LPG terminal acquisition and general corporate purposes

IPO-bound Tata Capital's impairment surges 310% to Rs 3,072 crore

Despite strong revenue growth, Tata Capital's FY25 standalone profit rose just 4% as impairment on financial instruments jumped over fourfold amid rising NPAs

Sebi nod to seven IPOs including Credila Financial and Sri Lotus Realty

Credila's Rs 5,000 crore IPO, Sri Lotus' Rs 792 crore issue among offerings approved by Sebi as market sentiment lifts public listing momentum

Ashish Kacholia-backed Sri Lotus Developers gets Sebi nod for ₹792-cr IPO

Sri Lotus Developers IPO is an entirely fresh issue of shares worth ₹792 crore, with no offer for sale component

Coal India begins process to list BCCL, CMPDI; to file DRHP soon: Official

The process of listing of two subsidiaries of Coal India Ltd - BCCL and CMPDI - has begun and draft papers would be filed soon with Sebi, the company on Monday said. Speaking to reporters on the sidelines of CII Mining and Construction Equipment Summit, Coal India Ltd (CIL) Director Business Development Debasish Nanda said, "We are going to file DRHP soon. We are working on that." DRHP is a preliminary document that a company files with markets regulator Sebi for a public offer. Nanda further said that Book Running Lead Manager (BRLM) for the IPO has just been appointed. The coal ministry had earlier said the listing of both firms - Bharat Coking Coal Ltd (BCCL) and Central Mine Planning and Design Institute (CMPDI) - will take place, but the timing will depend on market conditions. Coal India has seven coal-producing subsidiaries and one technical and consultancy company. The company accounts for over 80 per cent of the domestic coal production. It reported 12 per cent year-on-y

Street Signs: Markets stretch their legs, May 12's phantom rally, and more

While secondary markets have wavered, primary markets have been largely dormant over the past three months, with only one initial public offering (IPO) from Ather Energy

Belrise eyes four-wheeler, CV push ahead of ₹2,150-cr IPO on May 21

Belrise Industries, dominant in two-wheeler components, plans to expand into CVs and four-wheelers as it raises ₹2,150 crore through an IPO opening on May 21

Singapore's GIC seeks approval from CCI for 2.14% stake in IPO-bound Groww

The proposed investment is part of Groww's broader plan to raise $200 million in pre-IPO funding and may double its valuation to $6.5 billion

HDB Financial Services may seek RBI extension on listing deadline

HDFC Bank's NBFC arm may ask the RBI for more time to meet its September 2025 listing deadline as IPO approval faces delays over compliance issues and regulatory hurdles

Group of senior executives exit IPO-bound Flipkart in recent months

Departures come as Flipkart gears up for a $60-70 billion IPO and expands its quick-commerce play against rivals like Blinkit, Swiggy Instamart, and Zepto

More Retail plans ₹2,000 crore IPO, targets Ebitda-positive in FY26

Company backed by Amazon and Samara Capital aims to go public in 12-18 months, reduce debt, and expand store network from 775 to 3,000 by the end of the decade

Motilal Oswal, Raamdeo Agrawal buy shares worth $100 million in Zepto

Both investors acquire shares from Zepto's early foreign backers at a $5 billion valuation as the firm aims for majority domestic ownership before going public

Pre-IPO startups seek Sebi nod for flexibility on Esops to founders

Startups with diluted founder stakes seek Sebi's nod to issue Esops post-listing as they look to retain leadership alignment and reward long-term value creation

NSE denies seeking finance ministry help over Sebi IPO approval delay

NSE denies reports it sought finance ministry help after Sebi delayed IPO nod; says no government communication in 30 months, rejects claims of regulatory bias