Page 8 - Ipo

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

OYO-owned Innov8 revenue jumps 58% to ₹38 crore in June quarter

OYO Group-owned co-working firm Innov8 has posted 58 per cent increase in its revenue for June quarter FY26 at Rs 38 crore on better demand for managed office spaces. Its revenue stood at Rs 24 crore in the year-ago period. In a statement on Tuesday, the company said its profitability also strengthened, with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surging to Rs 8 crore from Rs 3 crore year-on-year. During 2024-25 fiscal, Innov8 revenue surged to Rs 123 crore from Rs 75 crore in the preceding year. EBITDA also improved to Rs 70 crore from Rs 47 crore. The profit stood at Rs 7 crore in the last fiscal. Innov8 attributed the growth in revenue to an improvement in average monthly membership revenue (AMMR) per seat, which increased by 21 per cent year-on-year to Rs 10,000. "This sustained momentum in Innov8's revenue growth and profitability is driven by asset-light model that leverages landlord-led capex for capital-efficient expansion, and its ability

Tata Investment shares up for 3rd day on heavy volumes, zoom 32% in 6 days

Shares of Tata Investment Corporation hit a new high of ₹9,596.75, surging 9 per cent on the BSE in Tuesday's intra-day trade in an otherwise subdued market.

Want more retail investors in Tata Capital story: MD & CEO Rajiv Sabharwal

Sabharwal noted that they have been in regular communication with the regulator, and the RBI has granted its consent for the slight delay

Fabtech Technologies IPO receives 70% subscription on first day of issue

The initial public offer of Fabtech Technologies Ltd, a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry, received 70 per cent subscription on the first day of the share sale on Monday. The IPO got bids for 84,20,325 shares against 1,20,60,000 shares on offer, according to NSE data. The quota for qualified institutional buyers (QIBs) was subscribed 77 per cent, and the retail individual investors (RIIs) category received 70 per cent bidding. The portion meant for non-institutional investors attracted 46 per cent subscription. Fabtech Technologies has fixed a price band of Rs 181-191 per share for its Rs 230-crore initial public offering (IPO). The initial share sale will conclude on October 1. The company's IPO is entirely a fresh issue of up to 1.2 crore equity shares worth Rs 230 crore at the upper end of the price band. Proceeds from the IPO will be used for funding the working capital requirements of the company, pursuing inorgan

PayNearby plans to raise funds via IPO in FY27, says CEO Anand Kumar Bajaj

"We have initiated the IPO process and talks with three merchant bankers. We will soon select a merchant banker to proceed with the process," he said

Tata Capital IPO to open October 6, anchor investor bids from October 3

Tata Capital filed its red herring prospectus with Sebi for an IPO opening October 6 and closing October 8, with anchor investor subscriptions beginning October 3

Curefoods secures ₹160 crore pre-IPO placement from 3State Ventures

Curefoods allots 12.8 million equity shares at Rs 124 each to Binny Bansal's 3State Ventures in a pre-IPO placement, ahead of its Rs 800 crore fresh issue and OFS under SEBI norms

Tata Capital's IPO likely to hit market in the first half of October

Tata Capital is set to launch its IPO in October to raise Rs 16,500-17,500 crore, providing growth capital for 2-3 years as Tata group stake declines to 86.5% post issue

Anand Rathi Share and Stock Brokers IPO fully subscribed on Day Two

The initial share sale of Anand Rathi Group's brokerage arm, Anand Rathi Share and Stock Brokers Ltd, got subscribed 1.11 times on the second day of bidding on Wednesday. The three-day Initial Public Offer (IPO) received bids for 1,48,34,376 shares against 1,33,63,342 shares on offer, according to NSE data. The quota for non-institutional investors fetched 1.88 times subscription and that of Retail Individual Investors (RIIs) received 1.37 times subscription. The Qualified Institutional Buyers (QIBs) portion got subscribed 2 per cent. Anand Rathi Share and Stock Brokers on Monday announced raising a little over Rs 220 crore from anchor investors. The shares are available for subscription at a price band of Rs 393-414 per share for the company's Rs 745-crore IPO. The broking firm's IPO is entirely a fresh issuance of shares with no offer for sale (OFS) component. Proceeds of the IPO to the tune of Rs 550 crore would be allocated to fund the company's long-term working capital ...

Jain Resource Recycling IPO receives 73% subscription on day one

The initial public offer of Jain Resource Recycling Ltd received 73 per cent subscription on the first day of bidding on Wednesday. The three-day IPO got bids for 2,27,44,384 shares against 3,12,49,999 shares on offer, as per NSE data. The quota for qualified institutional buyers (QIBs) garnered 1.11 times subscription. The category for retail individual investors (RIIs) received 51 per cent bidding, and the portion for non-institutional investors got subscribed 12 per cent. Jain Resource Recycling Ltd has mobilised a little over Rs 562 crore from anchor investors. The IPO, with a price band of Rs 220-232 per share, will conclude on September 26. At the upper end, the company is valued at over Rs 8,000 crore. The Tamil Nadu-based company's IPO has a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale (OFS) valued at Rs 750 crore. The OFS comprises the sale of shares worth Rs 715 crore by promoter Kamlesh Jain and Rs 35 crore by shareholder Mayank ...

GK Energy's ₹464-crore IPO gets 89.62 times subscription by final day

The initial public offer of GK Energy Ltd, a solar-powered agricultural water pump systems provider, received a whopping 89.62 times subscription as it drew to a close on Tuesday. The Rs 464-crore IPO got bids for 1,98,77,78,982 shares against 2,21,80,828 shares on offer, as per data available with the NSE. The portion for Qualified Institutional Buyers (QIBs) got subscribed a huge 186.29 times. The component meant for non-institutional investors attracted 122.73 times subscription. Retail Individual Investors (RIIs) category received 20.79 times subscription. GK Energy on Thursday said it has collected over Rs 139 crore from anchor investors. The price band has been fixed at Rs 145-153 per share. The Pune-based firm's offering is a combination of fresh issue of shares worth Rs 400 crore and an offer-for-sale (OFS) of 42 lakh equity shares, worth Rs 64.26 crore at the upper end, by selling shareholders. Proceeds from the fresh issue to the extent of Rs 322.5 crore will be utilise