Page 6 - Ipo

InCred Holdings submits draft prospectus to Sebi for upcoming IPO

InCred Holdings submits draft prospectus to Sebi for upcoming IPO launch

InCred Holdings files preliminary papers with Sebi for ₹3,000-4,000 cr IPO

InCred Holdings, an arm of NBFC InCred Financial Services, has filed preliminary papers with markets regulator Sebi through the confidential pre-filing route, and people familiar with the matter pegged the proposed issue size at Rs 3,000-Rs 4,000 crore. In a public announcement on Sunday, the company said it has submitted "the pre-filed draft red herring prospectus with Sebi and the stock exchanges in relation to the proposed initial public offering (IPO) of its equity shares on the main board". The filing comes as the Bhupinder Singh-founded InCred Group looks to tap the capital markets on the back of a strong financial performance in FY25 and a well-diversified lending portfolio, spanning personal loans, student loans, specialised MSME loans, secured business loans, and loans to financial institutions. Since its inception in 2016, InCred Financial Services (InCred Finance) has disbursed loans worth over Rs 25,000 crore, serving more than 4 lakh customers through a network of over

Weak IPO listings by Studds and Orkla cast a shadow on market euphoria

Consecutive weak listings by Studds Accessories and Orkla India have dimmed India's IPO frenzy, even as analysts flag valuation concerns and a cooling in grey market sentiment

What NSE Q2 results reveal about the exchange's growth outlook ahead of IPO

NSE Q2 results: A deep dive into NSE's financials reveal a meaningful impact of market regulator Sebi's derivatives-linked regulations, along with one-time provision related to the co-location case

Sebi expands IPO anchor book to 40% to boost institutional participation

Markets regulator Sebi has amended rules revamping the share-allocation framework for anchor investors in maiden public offerings, a move aimed at broadening the participation of domestic institutional investors such as mutual funds, insurance companies, and pension funds. Under this, the regulator has increased total reservation in the anchor portion to 40 per cent from 33 per cent earlier. This comprises 33 per cent for mutual funds and the remaining 7 per cent for insurers and pension funds. If the 7 per cent reserved for insurers and pension funds remains unsubscribed, it will be reallocated to mutual funds, the Securities and Exchange Board of India (Sebi) said in a notification dated October 31. Additionally, the regulator has increased the number of anchor investors allowed for IPOs with an anchor portion above Rs 250 crore, by raising the existing limit from 10 to 15 per Rs 250 crore. "Thus, a minimum of 5 and a maximum of 15 investors shall be allowed for allocations up to

Lenskart set to launch AI-powered smart glasses in Dec after listing

Eyewear major Lenskart is gearing up to launch its first pair of AI-powered smart glasses by the end of December, marking a step towards positioning itself as a technology-led lifestyle brand, according to people familiar with the matter. Internally referred to as "B by Lenskart Smartglasses", the upcoming device is expected to integrate AI-based interactions, health and well-being insights, and UPI payment capabilities. The launch of smart glasses, built on Gemini 2.5, could happen in the weeks following the company's stock market listing on November 10. The product's pricing has not been finalised yet, they added. "The smart glass aims to bring AI and commerce into the eyewear experience, where your glasses are not just for vision but also interaction and convenience," said one of the people cited earlier. The device is likely powered by Qualcomm's Snapdragon AR1 Gen 1 platform, a chipset designed for lightweight augmented reality and camera-enabled AI applications. The assumpti

Epsilon Carbon inks $20 mn deal with Alba, plans IPO by end of 2027

Leading coal tar pitch Epsilon Carbon on Sunday announced that it has signed a USD 20-million memorandum of understanding with Aluminium Bahrain (Alba) to explore a long-term supply of liquid coal tar pitch to the Middle East region. Speaking with PTI on the sidelines of the 3rd Gateway Gulf Investment Forum here, Epsilon Carbon Managing Director Vikram Handa said that the company looks to boost its Coal Tar Pitch (CTP) production capacity to 300,000 tonnes by next year to cater to growing demand from the Middle East. CTP is used to manufacture carbon anodes and cathodes for aluminium smelting and for EV batteries. We look to export more and more, and we wanted to take the opportunity to bring a local supply chain to Bahrain. Between the smelters in Bahrain, Qatar and Saudi Arabia, about 250,000 tonnes of pitch is consumed every year. Most of it comes from China, Japan and India, from us. So, our facility here will be a melter where we will transport pitch from India to Bahrain, Ha

Shadowfax seeks ₹2,000 crore in IPO as India's e-commerce deliveries surge

The Flipkart-backed logistics firm will use proceeds to expand infrastructure and branding after processing over 436 million orders in FY25

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

Has Gift City IFSC truly arrived? Experts debate at BS BFSI Summit

At Business Standard's BFSI Summit, experts discussed the progress of GIFT City IFSC and the upcoming prospects

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

Studds Accessories raises ₹137 crore from anchor investors ahead of IPO

Helmets manufacturer Studds Accessories on Wednesday said it has raised nearly Rs 137 crore from anchor investors, ahead of its initial share sale opening for public subscription. The anchor investor round saw participation from HDFC Mutual Fund (MF), Nippon India MF, ICICI Prudential MF, Edelweiss MF, ITI MF, Kedaraa Capital Public Markets Fund I, Carnelian India Amritkaal Fund, Pinebridge India Equity Fund, and Edelweiss Life Insurance Company, according to a circular uploaded on BSE's website. As per the circular, Studds Accessories has finalised the allocation of 23,35,836 equity shares to anchor investors at Rs 585 per share, aggregating to about Rs 136.64 crore. Out of the total anchor allocation, 18,55,346 equity shares, or 79.43 per cent, of the total were allotted to six domestic mutual funds across 10 schemes, collectively amounting to about Rs 108.37 crore. The company's Rs 455 crore IPO is scheduled to open on October 30 and conclude on November 3. The firm has set a .

Akasa Air plans to launch IPO within 2-5 years, says CEO Vinay Dube

Dube said, "There is no next phase we are planning. Our next phase should be an IPO in a two to five-year time period."

Akasa Air plans IPO within 2-5 years, to restart pilot hiring next year

Loss-making Akasa, India's third largest airline, has not had enough work for pilots due to delayed deliveries from Boeing

Lenskart CEO Peyush Bansal bets on AI, eyes up to $8 billion IPO valuation

Lenskart CEO says AI-powered eye testing and tech-led innovation will fuel global expansion as India's largest eyewear firm preps for a landmark $8 billion IPO

Eyewear retailer Lenskart promoters set to cash in on $830 million IPO

SoftBank-backed eyewear giant aims for $8 billion valuation as co-founders and early investors book multibillion-rupee gains

Sebi puts Vedanta Group's Sterlite Electric public listing on hold

The company, part of mining and metals conglomerate Vedanta Group, filed draft papers for the IPO in early October

Our eventual aim is to serve a billion people: Lenskart's Peyush Bansal

With eyewear company Lenskart all set for its maiden ₹7,350-crore IPO, Peyush Bansal talks about plans and challenges of the business in a video interview with Surajeet Das Gupta