Page 9 - Ipo

Jaro Education IPO receives 87% subscription on first day of share sale

The initial public offer of Jaro Institute of Technology Management and Research Ltd (Jaro Education) received 87 per cent subscription on the first day of share sale on Tuesday. The company's IPO got bids for 32,41,168 shares against 37,23,404 shares on offer, according to details available with the NSE. The quota for non-institutional investors garnered 1.82 times subscription. Retail Individual Investors (RIIs) portion got subscribed 69 per cent, and that of Qualified Institutional Buyers (QIBs) 47 per cent. Jaro Institute of Technology Management and Research on Monday said it mopped up Rs 135 crore from anchor investors. The issue, with a price band of Rs 846 to Rs 890 per share, will conclude on September 25. The company's IPO has a fresh issue of shares worth Rs 170 crore and an Offer for Sale (OFS) of shares valued at Rs 280 crore by promoter Sanjay Namdeo Salunkhe. Of the fresh issuance, Rs 81 crore has been earmarked for marketing, brand building and advertising activit

Solarworld Energy raises ₹220.5 cr from anchor investors ahead of IPO

Solar energy solutions provider Solarworld Energy Solutions on Monday said it has garnered Rs 220.5 crore from anchor investors ahead of its initial share-sale opening for public subscription. Pinebridge Global Funds, Motilal Oswal Mutual Fund (MF), Singularity Equity Fund I, VQ Fastercap Fund II, Citigroup Global Markets Mauritius and BNP Paribas Financial Markets are among the anchor investors, according to a circular uploaded on BSE's website. As per the circular, Solarworld Energy Solutions has allotted 62.82 lakh equity shares to 15 funds at Rs 351 apiece. The Rs 490-crore initial public offering (IPO) will open for subscription on September 23 and conclude on September 25. The price band has been fixed in the range of Rs 333 to Rs 351 per share. At the upper end, the company is valued over Rs 3,000 crore. The IPO is a combination of fresh issuance of equity shares worth Rs 440 crore, and an offer-for-sale of shares valued Rs 50 crore by promoter Pioneer Facor IT ...

GK Energy IPO worth ₹464 cr sees 6.41 times subscription on day two

The initial public offering of GK Energy Ltd, a solar-powered agricultural water pump systems provider, garnered 6.41 times subscription on the second day of share sale on Monday. The IPO received bids for 14,22,08,192 shares against 2,21,80,828 shares on offer, as per NSE data. The portion for non-institutional investors fetched 10.05 times subscription while the quota for retail individual investors got subscribed 6.84 times. Qualified institutional buyers quota received 2.90 times subscription. GK Energy on Thursday said it has collected over Rs 139 crore from anchor investors. The Rs 464-crore IPO will conclude on Tuesday. 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 utilised for funding the

Atlanta Electricals IPO subscribed 97% on the first day of bidding

The initial public offer of Atlanta Electricals Ltd, manufacturer of power, auto and inverter duty transformers, got subscribed 97 per cent on the first day of bidding on Monday. The received bids for 63,51,928 shares against 65,38,439 shares on offer, as per NSE data. The categories for Qualified Institutional Buyers (QIBs) and non-institutional investors got full subscription. Retail Individual Investors (RIIs) quota got subscribed 95 per cent. Atlanta Electricals Ltd on Friday said it has raised Rs 205 crore from anchor investors. The company's Rs 687-crore initial public offering (IPO) will conclude on September 24. The price band of Rs 718-754 per share values the company at roughly Rs 5,800 crore at the upper end. The Gujarat-based company's IPO is a combination of a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of 38.1 lakh equity shares valued at Rs 287 crore at the upper end of the price band, by a promoter and other selling shareholders. Th

PhonePe posts 40% revenue surge, turns free cash flow positive ahead of IPO

Fintech firm crosses Rs 7,000 crore in revenue as adjusted EBITDA and PAT soar; diversification into lending and broking fuels growth momentum

Mutual funds leave insurance companies in the shade on anchor allotments

Insurance participation in IPOs has risen but MF allocations have grown even faster

Urban Company CEO says IPO success is 'Day Zero' for home services giant

Abhiraj Singh Bhal discusses profitability path and ₹8.5 lakh crore market opportunity after blockbuster public debut

Sebi approves Zelio E-Mobility's ₹78 crore IPO for electric vehicles

Electric vehicle maker Zelio E-Mobility Ltd on Friday said it has received approval from capital market regulator Sebi for its SME IPO to raise Rs 78 crore. The company has already got the DRHP (draft red herring prospectus) approval. The IPO may go live at the end of this month, Zelio E-Mobility said in a statement. The IPO, with Hem Securities Ltd as the Book Running Lead Manager, is expected to support the company's next phase of growth, it said, adding that investor participation details and specific use of proceeds will be shared closer to the issue. Citing provisional figures, Zelio said that during FY25, it had a revenue of Rs 172.19 crore, and profit after tax of Rs 16 crore. "Between FY23 and FY25, revenue grew at a CAGR (compound annual growth rate) of 83.29 per cent, and PAT expanded at a CAGR of 128.76 per cent," it added. Founded in 2021, Zelio has an installed annual capacity of 72,000 units. Its portfolio includes a range of electric scooters and three-wheelers ...

Jaro Education IPO to open on September 23, aims to raise Rs 450 crore

Jaro Institute of Technology Management and Research (Jaro Education) on Thursday said it is looking to raise Rs 450 crore through its Initial Public Offering (IPO), which will open for subscription on September 23. In a public announcement, the company said it has fixed a price band of Rs 846 to Rs 890 per share for its maiden public offering. The company's IPO --comprises a fresh issue of shares worth Rs 170 crore and an Offer for Sale (OFS) of shares valued Rs 280 crore by promoter Sanjay Namdeo Salunkhe -- is scheduled to conclude on September 25. Of the fresh issuance, Rs 81 crore has been earmarked for marketing, brand building and advertising activities, Rs 45 crore for payment of debt and the rest for general corporate purposes. Founded in 2009 by Salunkhe, Jaro Education offers degree programs and certification programs in collaboration with its partner institutions. As of March 2025, it has over 22 offices-cum-learning centres across major cities for offline learning, ap

GK Energy raises ₹139.27 crore from anchor investors ahead of IPO

Solar-powered agricultural water pump systems provider GK Energy on Thursday said it has collected over Rs 139 crore from anchor investors, a day before its initial share-sale opening for public subscription. Some of the institutions that participated in the anchor round included HSBC Mutual Fund (MF), Citigroup Global Markets Mauritius, Motilal Oswal MF, Bandhan MF, Pinebridge Global Funds, Societe Generale, according to a circular uploaded on the BSE website. The company has allotted 91.03 lakh equity shares to 13 funds at Rs 153 apiece, aggregating the transaction size to Rs 139.27 crore, it added. The Rs 465-crore IPO will be open for public subscription from September 19 to 23. 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 65 crore at the upper end, by selling shareholders. Proceeds from the fresh issue to the exte

Ahead of IPO, Saatvik Green Energy garners ₹269 cr from anchor investors

Solar panel maker Saatvik Green Energy on Thursday said it has mobilised over Rs 269 crore from anchor investors, a day before its initial share-sale opening for public subscription. HDFC Mutual Fund (MF), Nippon India MF, Bandhan MF and SBI General Insurance Company are among the anchor investors, according to a circular uploaded on BSE's website. The company has allotted 57.93 lakh equity shares to nine funds at Rs 465 apiece, aggregating the transaction size to Rs 269.4 crore, the circular added. The issue, with a price band of Rs 442 to Rs 465 per share, would open for public subscription on September 19 and conclude on September 23. At the upper end, the Haryana-based company is valued at around Rs 5,910 crore. The company's maiden public offering is a combination of a fresh issue of shares worth Rs 700 crore and an offer for sale (OFS) of Rs 200 crore by promoters. Proceeds from the fresh issue worth Rs 477.23 crore will be invested in Saatvik Solar Industries Private Limit

India's top used-car startups line up for IPOs worth over $1 billion

Three Unicorn startups - CARS24 Services Pvt., CarDekho and Spinny - that buy and sell pre-owned vehicles are in early talks with bankers to assess investor appetite

Urban Company shares jump 62% above issue price on trading debut

Shares of app-based beauty and home services platform Urban Company Ltd on Wednesday ended with a premium of more than 62 per cent over the issue price of Rs 103. The company's stock started trading at Rs 161, a jump of 56.31 per cent from the issue price on the BSE. During the day, it zoomed 73.78 per cent to Rs 179. Shares of the company ended at Rs 167.05, up 62.18 per cent. On the NSE, the stock was listed with a premium of 57.52 per cent at Rs 162.25. Shares of the firm ended at Rs 166.83 apiece, up 61.97 per cent. The company's market valuation stood at Rs 23,986.74 crore. In volume terms, 149.88 lakh shares of the firm were traded on the BSE and 1,960.31 lakh shares exchanged hands on the NSE during the day. The initial public offer of Urban Company Ltd received overwhelming investor participation, with the issue getting a huge 103.63 times subscription on the final day of bidding on Friday last week. The Rs 1,900-crore IPO had a price band of Rs 98-103 per share. The com

Groww eyes ₹7K cr public issue; GK Energy to float ₹465 cr IPO on Sep 19

Urban Company, Dev Accelerator and Shringar House of Mangalsutra will make their trading debut on Wednesday

Simple Energy develops India's first heavy rare earth-free EV motor

Simple Energy has started commercial production of heavy-rare-earth free EV motors, achieving 95 per cent localisation as it eyes a $350 million IPO in FY27

Euro Pratik Sales IPO 43% subscribed on first day; retail portion at 33%

The initial public offer of Euro Pratik Sales Ltd, a prominent player in the decorative wall panel industry, got subscribed 43 per cent on the first day of bidding on Tuesday. The IPO received bids for 58,25,340 shares against 1,34,64,781 shares on offer, according to the data. The portion for non-institutional investors got subscribed 89 per cent, and the Retail Individual Investors (RIIs) part received 33 per cent subscription. The Qualified Institutional Buyers (QIBs) quota was subscribed 26 per cent. Euro Pratik Sales Ltd on Monday garnered Rs 135 crore from anchor investors. The public issue is entirely an offer for sale of shares worth Rs 451.32 crore by promoters with no fresh issue component. The IPO will conclude on September 18. The company's shares are available for subscription in the price band of Rs 235 to Rs 247 per share. Euro Pratik has an extensive product range catering to both residential and commercial applications, which is predominantly sold under its flags

Canara HSBC Life Insurance secures Sebi approval for proposed IPO plan

State-owned Canara Bank on Monday said its subsidiary, Canara HSBC Life Insurance Company Ltd, has received capital market regulator Sebi's nod for its proposed initial public offering (IPO). Canara HSBC Life Insurance has received communication from the Securities and Exchange Board of India (Sebi) vide letter dated September 15 on final observations and for filing Updated Red Hearing Prospectus (UDRHP), Canara Bank said in a regulatory filing. The offer comprises an offer for sale of up to 23.75 crore shares of face value of Rs 10 each, including up to 13.77 crore shares by Canara Bank, up to 47 lakh shares by HSBC Insurance (Asia-Pacific) Holdings and up to 9.5 crore shares by Punjab National Bank. Canara HSBC Life Insurance Company is a three-way venture promoted by Canara Bank and HSBC Insurance (Asia-Pacific) Holdings, a member of The Hongkong and Shanghai Banking Corporation Ltd (HSBC) group, and another state-owned lender Punjab National Bank (PNB). The company had the ...

Medicover Hospitals to launch IPO in 2026, says CMD Anil Krishna

Medicover Hospitals, a city-based super-specialty healthcare chain, is planning to go for an Initial Public Offering (IPO) in 2026 to support its expansion of infrastructure and reduction of debt burden. Medicover on Monday announced significant expansion plans in Telangana with the addition of two new multi-specialty hospitals here, a press release said. Speaking at a media interaction, Dr Anil Krishna, Chairman and Managing Director, Medicover Hospitals, said the group has set a turnover target of Rs 2,000 crore for the current financial year. The expansion includes exploring key markets outside the Telugu states, particularly Bengaluru and Pune and increasing Medicover's overall capacity to around 6,400 beds across India, he added.

iValue Infosolutions sets IPO price band at ₹284-299; know key details here

iValue Infosolutions IPO will open for subscription on Thursday, September 18, 2025, and close on Monday, September 22, 2025.

Flipkart Internet FY25 revenue rises 14%, losses narrow 37% on IPO prep

Flipkart Internet, the marketplace arm of Flipkart, posted ₹20,493 crore in revenue and cut losses to ₹1,494 crore in FY25, as the Walmart-owned firm readies for a public listing