Page 4 - Ipo

Prudential sells 4.5% stake in ICICI Pru AMC for ₹4,900 cr ahead of IPO

The fund house is a joint venture between ICICI Bank, India's second-largest private lender, which holds 51 per cent, and Prudential, which owns the rest

Musk's SpaceX to raise over $25 billion, plans IPO in 2026: Report

SpaceX has started discussions with banks about launching the offering around June or July, the person said, requesting anonymity to discuss confidential information

SBI Mutual Fund initiates process of appointing merchant bankers for IPO

SBI Mutual Fund, the biggest fund house, has initiated the process for the appointment of merchant bankers and other service providers to facilitate an initial public offering (IPO). The boards of respective shareholders, like SBI and Amundi, and the board of SBI Funds Management Ltd (SBIFML) have approved a timeline of 12 months, SBI Chairman C S Setty told PTI in an interview. "We are very seriously working on that, and in this timeline we should hit the market...we have started the process of identifying the merchant bankers and other service providers," Setty, who is also chairman of SBIFML, said. SBIFML is a joint venture between State Bank of India and Paris-based Amundi, with 61.98 per cent and 36.40 per cent stake, respectively. The fund house managed assets of around Rs 12 lakh crore as of September 2025. The company's two promoters plan to sell a combined 10 per cent stake through the public offering. Last month, SBI approved the offloading of 3,20,60,000 equity shares,

Citius Transnet Investment Trust files papers with Sebi for ₹1,340-cr IPO

Citius Transnet Investment Trust has filed preliminary papers with markets regulator Sebi seeking its approval to float a Rs 1,340-crore initial public offering (IPO). According to the draft papers, the proposed public offer involves units aggregating up to Rs 1,340 crore and includes a strategic investor portion capped at 25 per cent of the total issue size. Proceeds from its fresh issuance worth Rs 1,235 crore will be utilised for partial or full acquisition of securities of SRPL and certain identified project SPVs -- TEL, JSEL, Dhola and Dibang, besides a portion will be earmarked for general purposes. Citius Transnet Investment Trust is a transport sector-focused infrastructure investment trust established with an objective to acquire, manage and invest in a portfolio of transport infrastructure assets, including roads, in India. The sponsor of the Trust is Epic TransNet Infrastructure, wholly-owned by the schemes of the Infrastructure Yield Trust, an AIF managed by EAAA India

ICICI Pru AMC sets price band for IPO, seeks ₹1.07 trillion valuation

ICICI Prudential AMC has fixed a ₹2,061-₹2,165 price band for its ₹10,600-crore IPO, an OFS by Prudential. The issue opens Friday and implies a ₹1.07-trillion valuation

Snapdeal parent AceVector files updated DRHP for ₹300 cr IPO; OFS included

SoftBank-backed AceVector has filed its updated DRHP for an IPO via the confidential route. The offer includes a ₹300-crore fresh issue and an OFS of 63.8 million shares

Ecom firms eye the next 500 million shoppers, chase Meesho's playbook

The Indian consumers' focus on value has pushed Amazon to develop tools such as value dashboards and gamified in-app experiences - innovations now being adopted in other markets

IPO wave big validation of tech ecosystem: SoftBank's Sarthak Misra

Sources confirmed that SoftBank's investment in value ecommerce player Meesho is sitting at 2x

AceVector files updated IPO papers, targets ₹300 crore fresh issue

AceVector has filed an updated DRHP with Sebi to raise Rs 300 crore via a fresh issue and an OFS of up to 63.87 million shares. Founders won't sell; SoftBank, Nexus and Foxconn may

SpaceX to offer insider shares at record-setting valuation of up to $800 bn

The latest figure would be a substantial increase from the $212 a share set in July, when the company raised money and sold shares at a valuation of $400 billion

ICICI Prudential AMC to launch IPO on Dec 12 as Prudential sells 10% stake

Prudential will sell up to 49 million shares in the IPO, compared with an earlier plan of 17.7 million shares, ICICI Prudential said in a filing late on Friday

Meesho IPO subscribed 2.4 times on day one; retail book nearly four times

Meesho's IPO was subscribed 2.4 times on the first day, driven by strong retail demand, after it raised Rs 2,440 crore from anchors and set a price band of Rs 105-111 per share

Anthropic taps IPO lawyers as it races towards listing ahead of OpenAI

Anthropic has held early, informal talks with major investment banks about a potential public listing, though it has not selected any banks yet

Indian ecom penetration could mirror WhatsApp user base: Meesho cofounder

Meesho Cofounder Sanjeev Kumar says India's ecommerce penetration could eventually match Whatsapp's vast user base, driven by rapid growth in smaller cities and heavy investment in AI and tech

E-commerce firm Meesho's ₹2,439 cr anchor book sees 30x oversubscription

This is led by SBI MF, GIC, Fidelity, BlackRock, Axis MF, Aditya Birla MF and prominent tech investors like Dragoneer

Bombay High Court dismisses petition against WeWork India IPO approval

The petition alleged that WeWork India reported heavy losses and a negative net worth while presenting an overly optimistic growth outlook without adequately disclosing associated risks

Sebi to simplify offer document summaries to aid investor clarity

Markets regulator Sebi is looking to rationalise and simplify the offer document summary to encourage informed investor feedback and reduce reliance on unverified tips, its chairman Tuhin Kanta Pandey said on Monday. This move will also dispense with the Abridged Prospectus, thereby easing compliance requirements for issuers, he added. At present, offer documents are typically voluminous and packed with detailed disclosures across various aspects of an issuer company. To address this, Pandey had stated last month that the contents of the offer document summary for IPO-bound companies would be further streamlined to make them more accessible and useful for investors. Addressing the CII Southern Region in Chennai, Pandey reiterated this stance, noting, "We are proposing to rationalise and simplify the Offer Document Summary, to be made available separately to investors, encouraging informed feedback and reducing reliance on unverified tips". Additionally, he said a comprehensive rev

Meesho plans to set aside ₹480 cr from IPO proceeds to pay AI, tech staff

E-commerce company Meesho plans to use Rs 480 crore from the public offer proceeds towards payment of salaries of AI and technology teams, according to draft IPO papers. The disclosure has sparked social media chatter over whether such utilisation from IPO funds (on personnel salary spends) should be worrying or signals long-term bets on tech talent. SoftBank-backed e-commerce firm is aiming to raise Rs 5,421 crore through its Initial Public Offering (IPO), which opens for subscription on December 3. The e-commerce firm will make its debut on the stock market on December 12. The Bengaluru-based company's maiden public offering will comprise a fresh issue of shares worth Rs 4,250 crore, along with an Offer For Sale (OFS) of 10.55 crore shares valued at Rs 1,171 crore at the upper band, taking the total issue size to Rs 5,421 crore. Giving details of the proposed utilisation of IPO proceeds, the company disclosed that Rs 480 crore is earmarked for "payment of salaries of our existing

A rally leaning too far: A Jenga-high market with a wobbling base

ADR falls to 0.89 - November's gains now balance on a shrinking block of stocks, the lowest since February

Ecommerce firm Meesho says free cash flow positive ahead of ₹5,421 cr IPO

Indian e-commerce firm bets on AI, advertising and low-cost logistics to reach profitability as it prepares to test public markets