Real estate consultancy firm Anarock Property Consultants Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 1,000 crore through an Initial Public Offering (IPO) to fund its technology push, business expansion and acquisitions. The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 550 crore and an Offer For Sale (OFS) of up to Rs 450 crore, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday. Under the OFS, promoter selling shareholders Peter Properties Ltd and Khushi Trust, along with investors including various funds managed by 360 ONE, Om Sai Trust and Colared Consultants and Traders LLP, will offload shares. The company may also consider a pre-IPO placement of up to Rs 110 crore. If such a placement is completed, the size of the fresh issue will be reduced accordingly. The company said it plans to deploy the proceeds from the fresh issue towards organic and inorganic growth, including investments in artificial
NSE has received Sebi's no-objection certificate to introduce corporate bond index futures, with the proposed product still requiring RBI approval.
Regulators are working to make FPI registration faster and digital, streamline KYC and facilitate bond indices as foreign investor access to Indian markets expands
The proposed issue comprises a fresh issue of up to ₹8,000 crore and an offer for sale of up to ₹2,000 crore by the selling shareholder
Gautam Adani, four Adani group firms and 13 others paid a cumulative ₹1.48 crore to settle proceedings over alleged non-compliance with minimum public shareholding norms.
Sebi said there was no evidence of Vinod Adani directing the management or policy decisions of two FPIs that invested in listed Adani group companies.
The five FPIs had moved SAT claiming that Sebi rules mandate the adjudicating officer to form an opinion on whether a formal inquiry should be held
Pioneer Fil-Med, Tonbo Imaging India and Functional & Innovative Foods have secured approval from capital markets regulator Sebi for their proposed initial public offerings (IPOs), paving the way for the three companies to proceed with their public issue plans. The draft offer documents of the three companies were received by Sebi between April and August. After reviewing the documents, the regulator gave its observations during September 21-25, an update with the markets watchdog showed on Monday. The regulator's observations are a key regulatory step that enables companies to proceed with their IPOs, subject to applicable laws and other requirements. Railway components maker Pioneer Fil-Med's proposed Rs 500 crore IPO comprises a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) of shares worth Rs 250 crore, according to its draft papers. The OFS will comprise stake sales by promoter Pioneer Facor IT Infradevelopers and promoter group entity Aztech ...
The regulator's approved settlement framework includes changes on settlement amount calculation, wrongful gains, fast-track cases and wider access to settlement
Nine companies, including Trans ACNR Solutions and Maharashtra Oil Extractions have filed preliminary papers with markets regulator Sebi for IPOs, joining a growing list of firms tapping the primary market to raise capital for expansion, debt repayment and other corporate requirements. Trans ACNR Solutions has filed its preliminary papers through the confidential pre-filing route, while the other eight firms -- Maharashtra Oil Extractions, Jagatjit Agri Engineering, Jai Parvati Forge, Koolking Industries India, Sai Infinium, SG Encon, Mount Everest Breweries and Ultravibrant Integrated Energy -- have filed standard public draft documents with Sebi. The filings were made between September 21 and September 26. The proposed initial public offerings (IPOs) are aimed at raising funds for a range of purposes, including business expansion, working capital requirements, repayment of debt and general corporate purposes. Under the confidential pre-filing mechanism, companies can submit draft
They see multiple advantages - from performance visibility to client stickiness
Widens FPI access to non-agri commodity derivatives
Sebi chairman says that banks and capital markets are not competing destinations in the financial ecosystem
Electrical products maker PM Cona Industries Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 120 crore and an offer for sale (OFS) of 45 lakh equity shares by promoter Prakash Naraindas Motwani, according to the draft red herring prospectus (DRHP) filed on Tuesday. The company plans to use the proceeds from the fresh issue for capital expenditure, including purchase of plant, equipment and machinery, setting up 50 new display showrooms, brand building and marketing initiatives, and general corporate purposes. Mumbai-based PM Cona Industries is an established manufacturer of electrical products, primarily catering to the low-voltage electrical equipment market for domestic and commercial applications. The company manufactures fast-moving electrical goods and wires under the 'PM CONA' brand. The equity shares are proposed to be listed on BSE
Markets regulator will also review ICDR norms, including price bands and advertising requirements, as it seeks to simplify processes and lower public issue costs
Banker fees accounted for nearly half of NSE's Rs 392.12 crore offer-related expenses, while advertising and marketing emerged as the second-largest cost head
Sebi had sent show-cause notices to the companies in February 2024 for alleged lapses in disclosure of certain related-party transactions, highlighted in the Hindenburg report
The IPO will comprise an offer for sale of up to 15 million equity shares by promoter Abakkus Expert Professionals LLP, representing a 10 per cent stake in the company
Sebi is working on simpler digital onboarding, wider FPI participation in commodity derivatives and depository receipts against units of REITs and InvITs
India's markets regulator is using AI and machine learning to scan trading data, social media and derivatives activity for anomalies as complex markets challenge traditional surveillance methods