Page 9 - Ipo

Recent SME IPOs saw sharp listing gains, quick reversal: RBI study

The SME IPO market in India witnessed a strong surge during FY24 and FY25, driven by retail participation, and favourable market sentiment

Flipkart-backed Shadowfax gains regulatory approval for IPO in India

Logistics firm clears Sebi hurdle to launch offering estimated at up to ₹2,500 crore; updated draft prospectus expected soon as company targets valuation near ₹8,500 crore

ARCIL set to go public as Sebi clears IPO plan of India's oldest ARC

SBI and Avenue Capital-backed ARCIL to offer 105 million shares in an IPO through an offer for sale; IIFL, IDBI Capital, and JM Financial to manage the issue

Coca-Cola weighs $1 bn IPO for Indian bottling unit, valued at $10 bn

The deal would bring one of the world's best-known brands to India's hot IPO market, which is on track for a record month and possibly have its best year ever in 2025

IPO frenzy ahead as over a dozen firms plan to raise ₹2.6 trillion

The primary market remains buoyant, with more than a dozen companies gearing up to launch their initial public offerings (IPOs) in the coming months, aiming to raise about Rs 2.6 lakh crore (nearly USD 28 billion), Chirag Setalvad, Fund Manager at HDFC Mutual Fund, said on Friday. Of this, Tata Capital, LG Electronics India, and WeWork India Management have already raised around Rs 30,000 crore collectively. The upcoming line-up includes prominent names such as PhonePe, ICICI Prudential AMC, Lenskart, Groww, Inox Clean Energy, Pine Labs, Credila, Clean Max Enviro, Dorf Ketal Chemicals, Fractal Analytics, Meesho, SMPP, and Yashoda Hospitals, he said in a webinar. So far this year, 81 companies have debuted on the stock exchanges, with nearly three dozen listings taking place in September and October alone, highlighting the depth of activity in the primary market. The robust activity comes on the back of a solid 2024, when 91 public issues collectively mobilised Rs 1.6 lakh crore, ..

Shark Tank judge Peyush Bansal nears billionaire status with Lenskart IPO

Lenskart is planning to list as early as next month in Mumbai, targeting a stock debut that would value the company at $9 billion, based on the IPO size

IPO boom gives pause for thought as cracks appear amid volatility

Nearly 200 companies have filed draft initial public offering (IPO) papers this year, setting the stage for an action-packed 2025

Fintech Upgrade raises $165 million, targets IPO in 12 to 18 months

The round valued Upgrade at $7.3 billion pre-money, according to a source familiar with the matter, a 21.7% premium to its previous valuation

IPO-bound Groww launches commodities trading services on platform

Stock broker Groww on Thursday rolled out commodities trading on its platform, as it continues diversifying its wealth and capital markets offerings. Groww customers with active trading accounts can trade in commodities such as crude oil, gold, silver and natural gas through the Metropolitan Stock Exchange from 9 am to 11:30 pm, according to information available on the stock broking platform's website. Traders in India have been increasingly showing interest in investing in commodities to diversify their portfolios and hedge against market volatility. In the past few months, IPO-bound Groww has launched multiple offerings in the capital markets space as part of its strategic diversification push. The company launched corporate bonds, Margin Trading Facility, 915 (a pro-traders-focused platform), and W, a wealth management offering (after acquiring Fisdom). At present, Groww has over 18 million active customers. Last month, Billionbrains Garage Ventures, the parent company of Gr

Duroflex files DRHP for IPO, aims to raise ₹183-cr via fresh issue

Duroflex IPO comprises a fresh issue worth ₹183 crore and an offer for sale (OFS) of up to 22.56 million shares

Embassy Group repays ₹1,748 cr of debt via WeWork India IPO proceeds

The company used proceeds from the WeWork India offer for sale to repay NCDs, slashing leverage and cutting its share pledge to just 15 per cent.

Canara HSBC Life IPO subscribed 2.29 times on final bidding day

The initial public offer of Canara HSBC Life Insurance Company Ltd received 2.29 times subscription on the final day of bidding on Tuesday. The Rs 2,517-crore IPO got bids for 38,21,61,220 shares against 16,67,15,000 shares on offer, according to data available with the NSE. The Qualified Institutional Buyers (QIBs) category received 7.05 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 42 per cent, and non-institutional investors received 33 per cent subscription. The company on Thursday said it has raised a little over Rs 750 crore from anchor investors. The insurer has fixed a price band of Rs 100-106 per share for its IPO, targeting a valuation of about Rs 10,000 crore at the upper end. Canara HSBC Life Insurance Company is a joint venture promoted by Canara Bank, which holds a 51 per cent stake, and HSBC Group's HSBC Insurance (Asia Pacific) Holdings, which owns 26 per cent. The IPO is a complete offer for sale (OFS) of 23.75 crore equity

LG Electronics India joins Maruti Suzuki in surpassing parent's valuation

LG Electronics India's valuation now tops its South Korean parent's, signalling India's growing clout as a global listing and investment destination

Sebi bars Nirman Agri Genetics, promoter for alleged misuse of IPO funds

Sebi has called for a detailed investigation and given the company and promoter 21 days to file their objections or request a hearing

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