Page 21 - Ipo

Granite producer Midwest gets Sebi nod for IPO worth Rs 650 crore

Midwest, one of the largest producers of Black Galaxy Granite, has received Sebi's clearance to raise funds through an initial public offering, an update with the capital markets regulator showed on Tuesday. The proposed Initial Public Offering (IPO) of Hyderabad-based Midwest is a mix of fresh issue of shares up to Rs 250 crore and an Offer For Sale (OFS) of up to Rs 400 crore by promoters. The offer also includes reservation for subscription by eligible employees, according to the Draft Red Herring Prospectus (DRHP). The OFS consists of sale of shares worth up to Rs 360 crore by Kollareddy Rama Raghava Reddy and up to Rs 40 crore by Guntaka Ravindra Reddy. Besides, the company may consider raising Rs 50 crore in a 'pre-IPO' placement round. If such placement is completed, the fresh issue size will be reduced. As per the update, Midwest Ltd, which filed preliminary IPO papers with Sebi in October last year, obtained its observation letter on February 4, 2025. In Sebi's parlance,

Our goal is to make India 50% of our overall biz: Eruditus' Kalipatnapu

"We have started the process and will follow the letter of the law in terms of the time that it would take. But we are not in a tearing hurry to do the IPO"

Companies trim IPO sizes to ride market roller coaster, say experts

Slowing corporate earnings, FPI outflows behind valuation reassessment, say experts

SMPP, Brigade Hotel among 8 companies to get Sebi nod to float IPOs

As many as eight firms including defence equipment manufacturer SMPP, Brigade Hotel and PVC blend-based building material maker Kumar Arch Tech have received Sebi's go ahead to raise over Rs 6,500 crore through initial public offerings (IPOs). Other companies that have received Sebi's approval include Solarworld Energy Solutions, Indogulf Cropsciences, Globe Civil Projects, and Prostarm Info Systems, an update with the markets regulator showed on Tuesday. Together, these firms aim to raise more than Rs 6,500 crore. Sebi received preliminary IPO documents from these firms between October and November, and issued its observations during January 28-31, the update showed. In Sebi's parlance, obtaining the observations means its go ahead to float the public issue. Meanwhile, auto component maker Viney Corporation withdrew its draft IPO papers on January 27 without giving a reason. The preliminary documents were filed in October. As for SMPP Ltd, its Rs 4,000-crore IPO includes a fresh

Tata Capital sets stage for IPO with articles of association update

The company said its current shareholder base is around 29,000 and in order to avoid a situation where its shareholder base increases further

Seafood tech firm Captain Fresh raises Rs 250 cr in ongoing pre-IPO round

Prosus Ventures, Accel, and Tiger Global lead the round, backed by prominent domestic family offices

IPO fund raise between April-Dec 2024 at Rs 11.1 trn: Economic Survey 2025

Economic Survey 2025: India's share in global IPO listings, meanwhile, surged to 30 per cent in 2024, up from 17 per cent in 2023

SoftBank-backed Lenskart said to tap banks for $1 billion IPO: Report

"Lenskart may seek a valuation of about $8 billion in a potential offering"

Adani Enterprises, Zomato, SpiceJet: 15 stks dip 27% below their QIP price

These 15 companies accounted for 70 per cent of total fund mobilisation of Rs 93,453 crore via QIP route in the past six months, according to PRIME Database.

Doosan Skoda Power aims to raise up to $115 million in Prague IPO

Doosan Skoda Power is also offering up to 2.9 million new shares, which would increase its total number of shares to 31.9 million, valuing the firm at 8.3 billion crowns at the upper end of the IPO

Firms may take 2nd shot at IPO jackpot; mkt buoyancy spurs listing rush

7 firms refile DRHPs since September

Dr Agarwal's Health Care sets IPO price between Rs 382 and Rs 402

The IPO comprises a mix of fresh issues worth up to Rs 300 crore and an offer for sale of up to Rs 2,727 crore

Denta Water and Infra IPO Day 2: Check subscription status; GMP slips today

Denta Water and Infra IPO: Retail Individual Investors (RIIs) oversubscribed to their portion by 22.69 times with a bid of 5,95,66,750 shares

HDB Financial Services faces regulatory hurdles amid $1.5 billion IPO plans

HDB Financial Services is under scrutiny for alleged companies act violations linked to a $1.5 billion ipo. sebi's findings could lead to penalties or delays in ipo filings, impacting hdb's compliance

Markets Today: Nifty weak; Q3 nos; Denta Water IPO Day 2, Stallion listing

Stock Markets Today, Stock Market Prediction, Jan 23: Q3 results, FII activity, weekly F&O Nifty expiry, and global cues will guide the markets today

Captain Fresh seeks to disrupt $450 bn seafood market with technology

Following a strong financial performance, Captain Fresh is gearing up for its initial public offering (IPO) by the end of this year and is targeting revenue of $2 billion over the next two years

Kent RO Systems files for IPO, promoters to sell over 10 million shares

The offer, which includes up to 10,094,568 equity shares, is aimed at achieving the benefits of listing on stock exchanges

Denta Water IPO opens today: GMP up 56%, Subscribed 2x; should you bid?

Denta Water IPO GMP Today: Denta Water IPO GMP today stands at Rs 165 per share. The issue has been fully subscribed on Day 1 of the IPO

Market regulator Sebi plans steps to curb grey mkt trading in IPOs

Platform for trading in shares before listing on the anvil; regulator also worried about misuse of IPO proceeds

Bharat Value Fund Series 3 secures Rs 1,250 cr, eyes Rs 2,500 crore target

Managed under the India Inflection Opportunity Trust, BVF Series 3 targets a total corpus of Rs 2,500 crore, including a Rs 1,000 crore green-shoe option