Page 20 - Ipo

Ather Energy's IPO subscribed 28%; last day of issue on Wednesday

The wealthy investor or high net worth individual portion was subscribed 27 per cent, the retail investor portion was subscribed 1.1 times

KKR-backed InCred said to be in talks with advisers on $470 million IPO

InCred Financial plans to file documents soon for a share offering in Mumbai that might take place by October, the people said

Kenrik Industries IPO opens today; check lot size, GMP, key dates, more

Shares of Kenrik Industries are expected to be listed on the BSE SME platform on Friday, May 09, 2025, according to the RHP

Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes

The insurance firm, which manages more than ₹40,000 crore ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares

Canara Robeco Asset Management Company files draft papers for IPO with Sebi

The IPO is entirely an offer for sale (OFS) by state-owned Canara Bank and foreign partner Orix Corp (formerly Robeco Group)

India's Canara Robeco Asset Management Company files paper for IPO

Canara Bank will reduce its stake in the asset manager by 13% by selling 25.92 million shares via the listing. ORIX will sell 23.93 million shares

Tankup Engineers IPO day 2 update: Check subscription, GMP, listing date

Tankup Engineers aims to raise ₹19.53 crore through a fresh issue of 1.39 million equity shares

Ather Energy trims IPO size to Rs 2,626 crore from Rs 3,100 crore

Existing shareholders will offload 11.1 million shares, around half the 22 million shares they planned to sell earlier

Flipkart plans India IPO next year, targets up to $70 billion valuation

The Walmart-owned company has initiated steps to relocate its holding company from Singapore to India, a move intended to smooth the path for a domestic listing

IPO-bound Flipkart plans to shift holding company from Singapore to India

Speaking on the development, a Flipkart spokesperson on Monday night said the strategic decision reflects the company's deep and unwavering commitment to India and its remarkable growth

PhonePe's Pincode app starts 24x7 medicine delivery in three cities

Pincode app is transforming the online pharmacy sector through exclusive partnerships with local medical shops, rather than utilising dark stores

Ather Energy cuts IPO size by 25% to ₹3,000 crore, delays launch to May

Ather goes ahead with IPO despite global volatility and market slump triggered by Trump's tariff shock; valuation also revised downward

Sai Infinium files draft papers with Sebi to raise funds through IPO

Sai Infinium has filed draft papers with markets regulator Sebi seeking its clearance to garner funds through an initial public offering (IPO). The Gujarat-based company's IPO is entirely a fresh issue of 1.96 crore equity shares with no offer-for sale (OFS) component, according to the draft papers filed on Wednesday. The company plans to use funds to the tune of Rs 130 crore for setting up a 17.4-MW hybrid power plant, Rs 65 crore for the purchase of a rolling mill for mild steel (MS) structures, Rs 19 crore for buying a cargo vessel for the ship breaking plant and the remaining funds will be used for the company's general corporate purposes. Sai Infinium operates in three primary segments, manufacturing of MS (Mild Steel)billets and TMT (Thermo Mechanically Treated) bars, ship breaking and real estate in Gujarat. Its manufacturing plant produces MS billets and TMT bars from various raw materials, shipbreaking facility in Alang recycles ships, recovering metal for use in production

SIS Cash Service IPO to raise Rs 100 cr, promoters offer 3.7 mn addl shares

Cash logistics player SIS Cash Service Ltd has filed draft papers with the market regulator Sebi to mop up funds through an initial public offering (IPO). The IPO is a mix of fresh issue of shares worth Rs 100 crore and an offer for sale (OFS) of 37.15 lakh shares by promoters, according to the draft red herring prospectus (DRHP) filed on Thursday. Those selling shares in the OFS are SIS Ltd and SMC Integrated Facility Management Solutions Ltd. Proceeds from the fresh issue to the tune of Rs 37.59 crore will be used for the purchase of cash vehicles and fabrication of the secured vehicle; Rs 29.81 crore for payment of debt and a portion will be used for general corporate purposes. SIS Cash Services is the second-largest player in the industry by revenue for fiscal 2024, with an estimated market share of 17-18 per cent, according to a Crisil report. The company operates under the trademark SIS Prosegur, while its wholly-owned material subsidiary, SIS Prosegur Holdings, operates un

Park Medi World files for ₹1,260 cr IPO, includes ₹300 cr shares on offer

Park Medi World, which operates the hospital chain under the Park brand, has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,260 crore through an initial public offering (IPO). The IPO is a combination of fresh issue of shares worth Rs 900 and an offer for sale (OFS) of shares valued Rs 300 crore by promoter Ajit Gupta, according to the draft red herring prospectus (DRHP) filed on Friday. Furthermore, the company may consider a Pre-IPO Placement of up to Rs 192 crore. If such placement is completed, the amount raised will be reduced from the fresh issue size. The company plans to use the proceeds worth Rs 410 crore for payment of debt and Rs 110 crore will be allocated for funding capital expenditure related to the development of a new hospital and the expansion of an existing hospital by its subsidiaries, Park Medicity (NCR) and Blue Heavens, respectively. A further Rs 77.19 crore is earmarked for the purchase of medical equipment by the ..

Desco Infratech IPO opens today; check price band, lot size, GMP, key dates

Desco Infratech intends to raise ₹30.75 crore at the upper price band through this issue.

Rapid Fleet Management IPO opens today: Check key dates, price band, GMP

Ahead of its IPO, Rapid Fleet Management raised ₹10.72 crore from anchor investors.

Electric scooter maker Ather Energy expands facility to boost R&D

Spanning 38,692 sq ft, the facility is designed to validate durability and safety across vehicle, system, and component levels

FMCG major Adani Wilmar changes name to AWL Agri Business Limited

The rebranding aims to align the company's identity with its core business activities and future growth prospects in the agri-business industry

Innovatiview India files draft papers with Sebi for Rs 2,000 crore IPO

Noida-based Innovatiview India, has filed preliminary papers with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering. The proposed Initial Public Offering (IPO) is entirely an Offer-For-Sale (OFS) of equity shares worth up to Rs 2,000 crore by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. The OFS consists of the sale of shares worth up to Rs 800 crore each by Ashish Mittal and Ankit Agarwal, and up to Rs 320 crore worth of shares by Vishal Mittal and Abhishek Agarwal will be offloading shares for Rs 80 crore, respectively. Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholder. Innovatiview India is a technology-driven company providing automated ancillary security and surveillance solutions for examinations, elections and large-scale events pan-India. As of September 30, 2024, the company is the largest player for examina