Page 2 - Ipo

Pine Labs to launch IPO on Nov 7; aims to raise ₹2,080 cr via fresh issue

Fintech firm Pine Labs is gearing up to launch its initial public offering (IPO) on November 7, aiming to raise Rs 2,080 crore through fresh issue of shares. The company's maiden public offering would conclude on November 11. The bidding for anchor investors will open for a day on November 6, according to the red herring prospectus (RHP). Apart from fresh issue, there would be an Offer for Sale (OFS) of up to 8.23 crore equity shares. Under the OFS, Peak XV Partners, London-based Actis, PayPal, Mastercard Asia/Pacific, Temasek through Macritchie Investments, Invesco, Madison India Capital, MW XO Digital Finance Fund Holdco, Lone Cascade LP, Sofina Ventures S.A.and Pine Labs co-founder Lokvir Kapoor will be divesting their shares in the fintech firm. Proceeds from the fresh issue will be used by the company to repay debt, investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of digital checkout points. The company will

Groww founders eye $1.9 billion wealth boost as online broker heads for IPO

The Bengaluru-headquartered firm is seeking to raise ₹1,060 crore, while existing investors plan to sell as many as 557.2 million shares

Sebi bars Gretex from merchant banking for 21 days over IPO lapse

Gretex failed to verify and disclose that nearly 40 per cent of the IPO proceeds were proposed to be used as a deposit for renting an office premises that was still under construction

Oyo's parent PRISM increases authorised share capital ahead of planned IPO

IPO-bound OYO's parent firm PRISM has initiated a fresh round of corporate actions, including an increase in its authorised share capital as part of its preparations for a potential public listing, sources said on Thursday. In August, PTI had reported that OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO, according to sources. The company has proposed to increase its authorised share capital from Rs 2,431.13 crore to Rs 2,433.13 crore by adding 20 lakh CCPS (Compulsarily Convertible Preference Shares) of Rs 10 each. This follows earlier shareholder approvals in August and September 2025 for capital expansion linked to IPO readiness and other fund-raising activities. The current proposal is to further increase the authorised share capital to accommodate the issuance of bonus CCPS. In a communication to shareholders, OYO said, "The increase in the authorised share capital is in addition to the earlier increase in t

Coca-Cola weighs $1 bn IPO for Indian bottling unit, valued at $10 bn

The deal would bring one of the world's best-known brands to India's hot IPO market, which is on track for a record month and possibly have its best year ever in 2025

Sebi approves eyewear retailer Lenskart IPO to raise ₹2,150 crore: Report

Lenskart has received Sebi's approval for a ₹2,150 crore IPO, comprising fresh shares and existing investor stake sales to fund store expansion, technology upgrades, and marketing

Sify Infinit Spaces to launch $500 mn IPO in 2 weeks amid data-centre boom

The IPO will fund expansion as India's data-centre demand soars; company runs 14 sites and seeks capital to tap growing AI, cloud, and digital infrastructure market

Jaro Education IPO to open on September 23, aims to raise Rs 450 crore

Jaro Institute of Technology Management and Research (Jaro Education) on Thursday said it is looking to raise Rs 450 crore through its Initial Public Offering (IPO), which will open for subscription on September 23. In a public announcement, the company said it has fixed a price band of Rs 846 to Rs 890 per share for its maiden public offering. The company's IPO --comprises a fresh issue of shares worth Rs 170 crore and an Offer for Sale (OFS) of shares valued Rs 280 crore by promoter Sanjay Namdeo Salunkhe -- is scheduled to conclude on September 25. Of the fresh issuance, Rs 81 crore has been earmarked for marketing, brand building and advertising activities, Rs 45 crore for payment of debt and the rest for general corporate purposes. Founded in 2009 by Salunkhe, Jaro Education offers degree programs and certification programs in collaboration with its partner institutions. As of March 2025, it has over 22 offices-cum-learning centres across major cities for offline learning, ap

India's top used-car startups line up for IPOs worth over $1 billion

Three Unicorn startups - CARS24 Services Pvt., CarDekho and Spinny - that buy and sell pre-owned vehicles are in early talks with bankers to assess investor appetite

Simple Energy develops India's first heavy rare earth-free EV motor

Simple Energy has started commercial production of heavy-rare-earth free EV motors, achieving 95 per cent localisation as it eyes a $350 million IPO in FY27

Flipkart Internet FY25 revenue rises 14%, losses narrow 37% on IPO prep

Flipkart Internet, the marketplace arm of Flipkart, posted ₹20,493 crore in revenue and cut losses to ₹1,494 crore in FY25, as the Walmart-owned firm readies for a public listing

PhysicsWallah IPO: Slipper threats, mysterious odors flagged as biz risk

PhysicsWallah recently filed updated draft papers with markets regulator Sebi to raise ₹3,820 crore, which will be used for expansion and growth initiatives

India becomes rare hub for clean energy IPOs as firms eye $4 billion boost

Starting with Vikram Solar Ltd this week, more than a dozen green-energy companies have lined up to go public, seeking to raise more than $4 billion in total

NSDL extends rally after strong debut, up 25% against issue price in 2 days

Shares of National Securities Depository Limited (NSDL) hit a new high of ₹997.65 in intra-day trade, zooming 25 per cent against its issue price of ₹ 800 per share in two days.

HDB Financial, Brigade Hotel, Kalpataru fall below IPO issue price

Shares of HDB Financial, Brigade Hotel and Kalpataru were trading at their lowest point since the listings in July.

Sebi plans revamp of large IPO norms; retail quota may drop to 25%

Sebi noted that while average IPO sizes have been increasing, direct retail participation has remained flat over the past three years

NSDL IPO opens today: How Harshad Mehta scam led demat revolution in India

From the 1992 Harshad Mehta scam to its public listing in 2025: How NSDL helped modernise and build the dematerialised capital market ecosystem in India

Lotus Developers IPO to open on July 30; price band set at Rs 140-150

Sri Lotus Developers announces a Rs 792 crore IPO with a price band of Rs 140-150, opening on July 30 and closing on August 1

Brigade Hotel mobilises ₹325 crore from anchor investors ahead of IPO

Brigade Hotel Ventures Ltd, owner and developer of hotels in south India, on Wednesday raised Rs 325 crore from anchor investors, a day before its initial share-sale opening for public subscription. The anchor book saw participation from investors, including SBI Mutual Fund (MF), 360 One MF, Axis MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF and Nuvama MF, according to a circular uploaded on the BSE's website. As per the circular, Brigade Hotel Ventures has allotted over 3.6 crore equity shares to 17 funds at Rs 90 apiece. This aggregates the capital raising to Rs 324.72 crore. The initial public offering (IPO) is scheduled to open on Thursday and conclude on July 28. The price band has been set at Rs 85 to Rs 90 per share. At the upper end of the price band, the company is valued at over Rs 3,400 crore. Brigade Hotel Ventures' IPO is entirely a fresh issue of equity shares worth Rs 759.6 crore with no offer-for sale (OFS) component. Proceeds from the issue to the tune of Rs 468

Recently listed stock is up 82% vs issue price in 3 weeks; time to sell?

Shares of Sambhv Steel Tubes surged 16% to ₹149, its highest level since listing on July 2, on the BSE in Tuesday's intra-day trade amid heavy volumes