Page 9 - Ipo

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

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