Page 8 - Ipo

Atlanta Electricals soars 10%, hits new high; Crisil upgrades credit rating

Shares of Atlanta Electricals hit a new high at ₹993.40, up 32 per cent against the issue price of ₹754 per share.

Integris Medtech files IPO papers with Sebi to garner ₹3,500-4,000 cr

Integris Medtech, a diversified medical technology platform, has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO), with people familiar with the matter pegging the issue size between Rs 3,500 crore and Rs 4,000 crore. With this, the company, which manufactures and distributes cardiac stents, is eyeing a valuation of Rs 11,000-13,000 crore, they added. According to the draft red herring prospectus (DRHP) filed on Thursday, Integris Medtech's IPO comprises a fresh issue of equity worth Rs 925 crore and an offer for sale of 2.16 crore equity shares by promoters. As part of the OFS, Evercure Holdings Pte Ltd, Gurmit Singh Chugh, and Punita Sharma will offload shares. Proceeds of the fresh issue will primarily be used for payment of debt and general corporate purposes. Backed by private equity player Everstone Capital, Integris Medtech may consider a pre-IPO placement for up to Rs 185 crore. If such placement is completed, the

Norwegian state fund invests $20 million in India's IPO-bound SAEL

The company aims to grow its revenue from these businesses to 30.94 billion rupees by fiscal year 2027

InGovern flags potential liabilities and risks in LG Electronics India IPO

Proxy advisory firm Ingovern has cautioned the investors of LG Electronics India (LGEI), raising concerns over the contingent liabilities aggregating Rs 4,717 crore, which includes disputed tax claims, saying that a negative outcome could "significantly erode" future earnings of the appliances and consumer electronics major. The company's Rs 11,607-crore IPO has been oversubscribed by about 13 times so far. The initial public offering closes on Thursday. "LGEI has disclosed contingent liabilities aggregating Rs 4,717 crore, constituting 73 per cent of its net worth (aggregation/calculation made from the RHP). These relate to disputed tax claims from authorities. A negative outcome in those proceedings could significantly erode future earnings or require provisions," the report said. According to the report, South Korean parent entity LG Electronics Inc., the promoter, continues to hold a dominant stake of 85 per cent post-IPO, which is "resulting in concentrated ownership and ...

WeWork India IPO closes on last day with 1.15 times subscription

The initial public offer of co-working space operator WeWork India Management Ltd sailed through on the last day of the share sale on Tuesday, getting 1.15 times subscription, led by institutional buyers. The Rs 3,000-crore IPO received bids for 2,92,68,328 shares against 2,54,89,748 shares on offer, according to NSE data. Qualified Institutional Buyers' (QIBs) category fetched 1.79 times subscription, while the quota for Retail Individual Investors (RIIs) received 61 per cent subscription. The portion for non-institutional investors got 23 per cent subscription. WeWork India has collected a little over Rs 1,348 crore from anchor investors. The company's issue has a price band of Rs 615-648 per share, valuing the company at around Rs 8,685 crore at the upper end. The initial public offer (IPO), entirely an offer for sale of up to 4.63 crore equity shares, saw promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) divest their ...

Tata Capital IPO subscribed 75% on second day of ₹15,512 cr share sale

The initial public offer of non-banking financial company Tata Capital Ltd has been subscribed to 75 per cent on the second day of the share sale on Tuesday. The company's IPO received bids for 24,96,33,260 shares against 33,34,36,996 shares on offer, as per NSE data. Among investors category, Qualified Institutional Buyers (QIBs) portion received 86 per cent subscription, while the quota for non-institutional investors garnered 76 per cent subscription. The category for Retail Individual Investors (RIIs) attracted 67 per cent subscription. Tata Capital on Friday collected Rs 4,642 crore from 68 domestic and global institutional investors, with the anchor book witnessing demand nearly five times higher than the allocated amount. The company's Rs 15,512 crore public offering will conclude on Wednesday. The price range is Rs 310-326 per share. At the top end of the band, the non-banking financial company (NBFC) commands a valuation of about Rs 1.38 lakh crore. The initial public of

Bombay HC seeks Sebi response on plea alleging irregularities in WeWork IPO

Bombay HC has sought Sebi's response on a plea challenging WeWork India's IPO, alleging irregularities in DRHP, undisclosed complaints, and misrepresentation of ties with the global WeWork brand

HyFun Foods targets ₹1,500 crore revenue in FY26, aims IPO by 2028

The company stated that the funds raised through the IPO will be used to support ongoing expansion efforts to fully tap into the growth potential of the business

Making a beeline: IPO filing tally nears 200 this year, most in 3 decades

Number of applications surpasses combined submissions in first nine months of 2023 and 2024

TruAlt Bioenergy shares list nearly 11% above issue price on debut

Shares of biofuels producer TruAlt Bioenergy Ltd on Friday listed with a premium of nearly 11 per cent against the issue price of Rs 496. On the BSE, the stock listed at Rs 550, a jump of 10.88 per cent from the issue price. Shares of the company started trading at Rs 545.40, a premium of 9.95 per cent on the NSE. The company's market valuation stood at Rs 4,617.78 crore. The initial share sale of TruAlt Bioenergy Ltd garnered 71.92 times subscription on the last day of offering on Monday. The company's Rs 839.28 crore IPO had a price band of Rs 472-496 per share. TruAlt's IPO was a combination of a fresh issue of shares worth Rs 750 crore and an offer-for-sale (OFS) of 18 lakh shares valued at Rs 89.28 crore at the upper end, by promoters. Funds raised through the fresh issuance will be earmarked for setting up multi-feed stock operations, payment of debt and general corporate purposes. Bengaluru-based TruAlt Bioenergy is one of the leading biofuels producers and is primarily

Tata Capital raises ₹4,641 crore from anchor investors ahead of IPO

Tata Capital secured Rs 4,641 crore from anchor investors including LIC, mutual funds and global institutions ahead of its Rs 15,512-crore IPO, the largest-ever NBFC issue

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

WeWork India IPO sees 4% subscription on first day of share sale

The initial public offering (IPO) of co-working space operator WeWork India Management Ltd received 4 per cent subscription on the first day of share sale on Friday. The IPO received bids for 11,10,440 shares against 2,54,89,748 shares on offer, as per NSE data. The quota for retail individual investors (RIIs) got subscribed 14 per cent, while the categories for qualified institutional buyers and non-institutional investors received 2 per cent subscription each. WeWork India has collected a little over Rs 1,348 crore from anchor investors. The company's Rs 3,000-crore issue will conclude on October 7. The price band has been fixed at Rs 615-648 per share, valuing the company around Rs 8,685 crore at the upper end. The IPO, entirely an offer for sale of up to 4.63 crore equity shares, will see promoter group entity Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd (part of WeWork Global) divest their stakes. Currently, Embassy Group holds about 76.21 per cent in WeWork Indi

IPO-bound Tata Capital focuses on green financing, tech for growth

Tata Capital Ltd, set to launch its IPO next week, has identified green financing and digital innovation as its core growth pillars, backed by the merger of its IFC-backed subsidiary Tata Cleantech Capital in 2024. By FY25, the cleantech and infrastructure finance book reached Rs 18,000 crore, growing at a 31.8 per cent CAGR over the last two years, the NBFC said on Friday. "Over the last decade, the cleantech portfolio has financed over 500 renewable projects and sanctioned more than 22,400 MW of capacity across solar, wind, biomass, small hydro, among others," MD and CEO Rajiv Sabharwal said. "The cleantech segment combines rapid growth with high-quality, secured assets, underpinned by technology-driven monitoring and disciplined underwriting. The portfolio is among the cleanest in the NBFC space, positioning the company as a key mobilizer of global climate capital," he said. The Tata Group NBFC said it is building for the long term with a vision anchored on trust, ...

Eldeco Infrastructure files draft papers with Sebi for ₹1,000-cr IPO

Real estate developer Eldeco Infrastructure and Properties Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The issue comprises a mix of fresh issues of shares worth Rs 800 crore and an offer for sale up to Rs 200 crore by promoters, according to the draft red herring prospectus (DRHP) dated September 30. The promoters, Pankaj Bajaj and Bandana Kohli, are offering equity shares aggregating up to Rs 102 crore and Rs 98 crore, respectively. The Haryana-based company may consider a pre-IPO placement for up to Rs 160 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue worth Rs 600 crore will be used for repayment or prepayment of certain outstanding borrowings availed by Eldeco Infracon Realtors Ltd, a subsidiary of the company. The remaining funds will be utilised for general corporate purposes. Eldeco is a real estate developer in north India w

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

Lalbaba Engineering, CJ Darcl Logistics and Jerai Fitness file draft IPO

Engineering solutions company Lalbaba Engineering, CJ Darcl Logistics, the India arm of South Korea's logistics firm CJ Logistics, and fitness equipment maker Jerai Fitness and have filed draft papers with markets regulator Sebi to garner funds through initial share-sales. With these filings, the IPO pipeline remains strong. Over the past few days, nearly two dozen companies have submitted draft papers with Sebi, and so far, 77 main-board IPOs have been launched this year and several large issues are lined up for this month. The filing also comes at a time when the Indian market is experiencing a boom in primary market activity, despite a struggling broader equity market. The Kolkata-based Lalbaba Engineering's proposed IPO is a fresh issue of Rs 630 crore and an offer for sale (OFS) of Rs 370 crore by promoters, according to the draft papers filed on September 29. Proceeds from its fresh issuance worth Rs 271 crore will be utilised for funding capital expenditure requirement for .

Glottis IPO receives over two times subscription on final day of bidding

The initial public offer of logistics service provider Glottis Ltd garnered 2.05 times subscription on the final day of bidding on Wednesday. The Rs 307-crore share sale received bids for 4,12,93,878 shares against 2,01,23,929 shares on offer, according to details available with the NSE. The component meant for non-institutional investors attracted 2.97 times subscription, while the category for Qualified Institutional Buyers (QIBs) received 1.87 times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 1.42 times. Glottis on Friday said it has mobilised a little over Rs 55 crore from anchor investors. The price band for the offer is Rs 120-129 per share. At the upper end, the company is valued close to Rs 1,200 crore. The Chennai-based company's IPO is a combination of a fresh issue of equity shares worth Rs 160 crore and an offer for sale (OFS) of up to 1.14 crore equity shares valued at Rs 147 crore at the upper end, by promoters. Proceeds from the fr

LG Electronics India seeks $8.7 billion valuation in October IPO

LG Electronics India Ltd. got regulatory approval for its updated draft red herring prospectus on Thursday and filed the final version on Tuesday

LG Electronics India to launch its ₹15,000 crore IPO on October 7

LG Electronics India Ltd, the local subsidiary of South Korean conglomerate LG, is preparing to launch its Initial Public Offering (IPO) on October 7. The share sale will remain open for subscription until October 9, while the bidding for anchor investors will open on October 6, the company said in its Red Herring Prospectus (RHP) filed on Tuesday. This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India Ltd in October last year. LG Electronics India had filed its preliminary papers with Sebi in December for an IPO in which the parent company will offload more than 10.18 crore shares, representing about 15 per cent stake. The company received the regulator's approval for the public offering in March. The company did not disclose the total issue size, but people familiar with the matter had earlier pegged the IPO size at Rs 15,000 crore. Since the public issue is completely an Offer For Sale(OFS), LG Electronics Ind