Page 2 - Ipo

OpenAI files confidential IPO paperwork, opens path for Wall Street debut

ChatGPT-maker OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, making itself the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts. The company said Monday it has filed confidential paperwork with the US Securities and Exchange Commission. "We expect it to leak so we're just announcing it," the company said in a written statement. "We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it's a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best." OpenAI's move follows its rival Anthropic 's June 1 disclosure that it is also moving toward an initial public offering of shares. Both are now following Elon Musk's space company SpaceX, which has started an IPO roadshow pitching itself as an AI-focused space company. OpenAI CEO Sam Altman first publicly floa

Zepto files updated DRHP, plans to raise ₹8,010 crore via fresh issue

Zepto has filed its updated draft papers with Sebi for a proposed ₹10,000 crore IPO, with the proceeds earmarked for expansion, technology investments and business growth

Carlsberg may file for India IPO this month, seeks up to $700 million

Carlsberg is working with Kotak Mahindra Capital Co. and the local units of JPMorgan Chase & Co. and Citigroup Inc. on the proposed share sale

Paras Healthcare plans ₹1,800 crore IPO, files draft papers with Sebi

Paras Healthcare Ltd, which operates hospitals under the 'Paras Health' brand, has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 1,800 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an Offer-For-Sale (OFS) of equity shares worth up to Rs 1,300 crore by the selling shareholder, according to the draft red herring prospectus (DRHP) filed on Thursday. Those selling shares include promoter Dharminder Kumar Nagar and other investors. The Gurugram-based company intends to utilise the proceeds from the fresh issue towards prepayment or repayment of certain outstanding borrowings, investment in its wholly-owned subsidiary PMHPL for its debt payment, and for general corporate purposes. Paras Healthcare is a clinical specialty-led hospital platform providing tertiary and quaternary healthcare services through a network of eight hospitals with an aggregate capacity of

Coca-Cola explores IPO for India bottling unit in 2027, weighs stake sale

It currently holds a 60 per cent stake in Hindustan Coca-Cola Holdings after Indian conglomerate Jubilant Bhartia Group completed the purchase of a 40 per cent stake in the bottler in 2025

SpaceX lowers IPO valuation target to at least $1.8 trillion

SpaceX is targeting a valuation of at least $1.8 trillion in its IPO, potentially making it the largest public offering in history

Kent RO delays IPO amid market volatility from West Asia conflict

Kent received regulatory clearance last June for a public listing comprising an offer for sale by existing shareholders, including Chairman and Managing Director Mahesh Gupta

PharmEasy's parent has a new playbook: Profit first, growth second

After slashing debt and narrowing losses, API Holdings is prioritising profitability over expansion as it revives long-term IPO ambitions for PharmEasy

52 of 112 FY26 IPOs below issue price; analysts advise selective buying

Stocks such as Anlon Healthcare, Jaro Institute, VMS TMT, Shree Ram Twistex and Glottis are down in the range of 50 to 80 per cent, as per data shared by PRIME Database.

Jio IPO may slip to second half of FY27 on geopolitical risks: Report

Reliance Industries' planned listing of its digital arm Jio Platforms could be delayed to the second half of fiscal 2027 due to geopolitical tensions in the Middle East, CreditSights said on Wednesday. In its commentary on FY26 earnings of India's most valuable company, CreditSights said the management in the earnings call shared that "the Jio IPO was imminent." Earlier market rumors reported that the IPO could come as early as May, with Reliance looking to shed 2.5-3 per cent stake from its existing 67 per cent stake in Jio for close to USD 4 billion (Rs 37,500 crore). "We believe the Mideast conflict may delay Jio's IPO towards the second half of the year," CreditSights, part of the Fitch Group, said. "A Jio IPO will raise cash for debt repayment and capex, and improve Jio's competitiveness against rivals Bharti and Vodafone Idea." Reliance reported 2025-26 (FY26) revenue and EBITDA growth of 10 per cent and 8 per cent year-on-year, respectively, with retail and telecom continuin

Is MakeMyTrip weighing IDR route for India listing? Here's what it means

MakeMyTrip is reportedly evaluating IDR route over a traditional IPO as it looks to access Indian investors while managing tax exposure, regulatory complexity in its offshore structure

Street Signs: Rebound rally, reluctant IPOs, Vedanta split reshapes indices

IPO activity stalls despite market rebound, Vedanta's split reshapes indices, and mutual funds-PMS rivalry evolves into a strategic partnership

Razorpay's reported IPO route signals cautious market play among fintechs

Razorpay's reported IPO move points to a shift in market entry strategy with firms opting for confidential filings, and greater control over disclosures amid evolving market and regulatory conditions

'No pressure to go IPO': PhonePe doubles down on AI transformation push

With its listing paused amid West Asia tensions, the Walmart-backed fintech is racing to automate operations for 650 million users

Sathya Agencies files DRHP with Sebi for ₹600 cr IPO with fresh issue, OFS

Offer comprises ₹300 crore fresh issue and ₹300 crore OFS; proceeds to fund acquisition of subsidiary, repay borrowings and support general corporate purposes

Pioneer Fil-Med files for ₹500 crore IPO to fund new manufacturing units

Railway components maker Pioneer Fil-Med Ltd has filed draft papers with the markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating Rs 250 crore and an Offer For Sale (OFS) of shares worth Rs 250 crore by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The OFS includes stake sales by promoter Pioneer Facor IT Infradevelopers and promoter group entity Aztech India, each proposing to offload shares worth up to Rs 125 crore. The company proposes to utilise the proceeds from the fresh issue towards part financing the cost of establishing a gear box manufacturing facility and a wind generator components manufacturing facility, both at Salarpur in Bhiwadi, Rajasthan, as well as for general corporate purposes. Additionally, the listing of its equity shares on the stock exchanges is expected to enhance the company's brand visibility and provid

Temasek-backed Manipal Health files $1bn IPO, eyes largest hospital listing

The share sale will include an offer by existing investors to sell as many as 43.23 million shares, representing a 3.66 per cent stake, alongside a fresh issue of shares worth ₹8,000 crore

IPO Subscription Status vs. IPO Allotment Explained

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PhonePe defers IPO plans amid West Asia crisis, market volatility

PhonePe has temporarily deferred its IPO plans citing the West Asia conflict and volatile markets, though the company says it remains committed to pursuing a public listing in India

India reduces minimum public share float, paving way for NSE, Jio listings

India eases IPO rules for large firms, allowing companies valued above ₹5 trillion to float just 2.5% shares initially while setting a glide path to 25% public shareholding