Sebi

Sebi clears IPOs of Knack Packaging, Shivalaya and two other firms

As many as four companies, including Knack Packaging and Shivalaya Construction, have secured Sebi's approval to mobilise more than Rs 1,400 crore collectively through initial public offerings (IPOs), data with the markets regulator showed on Monday. Others which received regulatory nod are -- tiles and bathware maker Varmora Granito and Behari Lal Engineering. The four firms, which filed their preliminary IPO papers between August and September, obtained its observations during December 15-26. In Sebi's parlance, receipt of observations is equivalent to regulatory clearance to proceed with a public issue. On the other hand, Infifresh Foods, which filed its draft papers with Sebi in August using the confidential route, withdrew its prospectus, the update showed. According to the draft papers, packaging solutions provider Knack Packaging's IPO comprises fresh equity issue of Rs 475 crore, along with an offer for sale (OFS) of 70 lakh equity shares by promoters and an existing ...

Deepa Jewellers files IPO papers with Sebi, aims to raise ₹250 crore

Deepa Jewellers has filed preliminary papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The Hyderabad-based company's proposed IPO will be a combination of a fresh issue of shares worth Rs 250 crore along with an offer for sale of 11,848,340 shares by promoters-- Ashish Agarwal and Seema Agarwal, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. Proceeds from its fresh issuance worth Rs 215 crore will be utilised for funding long-term working capital requirements towards procurement, maintenance and scaling up of inventory by the company, and general corporate purposes. Incorporated in 2016, the company is an organised B2B designer, processor and supplier of hallmarked gold jewellery, primarily having operations in Telangana, Karnataka, Andhra Pradesh, Tamil Nadu and Kerala. The company designs, processes and sells a wide range of jewellery, operating through an outsourced manufacturing model, supported by a network of

Blackstone-backed Horizon Industrial Parks files DRHP for ₹2,600-cr IPO

Horizon Industrial Parks raised $200 million in the pre-IPO funding round from 360 ONE, SBI Life Insurance, State Bank of India, Radhakishan Damani, EAAA, DSP Investments, among others

Why capping Sebi's surplus risks weakening India's market regulator

Capping Sebi's surplus under the Securities Markets Code risks eroding the regulator's financial autonomy and independence, with implications for market governance and investor confidence in India

Neolite ZKW Lightings files draft papers with Sebi for Rs 600-cr IPO

Automotive lighting products maker Neolite ZKW Lightings on Monday filed preliminary papers with capital markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO) for expansion and debt reduction. The proposed IPO will be a combination of a fresh issue of shares aggregating up to Rs 400 crore along with an offer for sale of shares valued Rs 200 crore by promoters and a shareholder, according to the draft red herring prospectus (DRHP). Under the OFS, promoters -- Rajesh Jain and Neokraft Global -- will offload shares to the tune of Rs 114 crore and Rs 40 crore, respectively. Besides, existing shareholder ZKW Group GmbH will divest shares worth Rs 46 crore. The company will use proceeds from the fresh issue for setting up a new manufacturing facility at Kancheepuram, Tamil Nadu; purchasing plant and machinery, electronic expansion at existing manufacturing facilities; payment of debt and general corporate purposes. As of March 2025, Neolite ZKW had a tot

WOG Technologies files DRHP for IPO, aims to raise ₹375-cr via fresh issue

WOG Technologies IPO comprises a fresh issue of ₹375 crore and an offer for sale of up to 4.32 million equity shares

Rights issues hit 28-year high as QIPs shrink amid market correction

Rights issues hit a 28-year high in 2025 as Sebi's rule changes sped up fundraising, even as QIPs slumped amid a sharp broader market correction and tighter valuation dynamics

Why a lower expense ratio alone may not be reason enough to switch funds

Focus on risk-adjusted performance, and switch only if it is below par for a sustained period

Zepto files confidential IPO papers with Sebi, aims to raise ₹11,000 crore

Quick commerce unicorn Zepto has filed preliminary papers with markets regulator Sebi to raise Rs 11,000 crore through its initial public offering (IPO) using a confidential route, people familiar with the development said on Saturday. The company is targeting a stock market listing sometime next year, a move that could make it one of the youngest startups to debut on Indian exchanges. If the listing goes through, Zepto will join its rivals Zomato and Swiggy, both of which are already listed on the exchanges. According to the people familiar with the development, Zepto has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges...in relation to the proposed initial public offering of its equity shares on the main-board of the stock exchanges". Zepto has opted for the confidential pre-filing route, which allows the company to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly

Securities Markets Code is a welcome step for simpler market regulation

While the Code retains most of the existing provisions, there are additions and changes that warrant mention here - the composition of Sebi and its powers, for instance

Zepto to approach Sebi with confidential DRHP, plans 2026 listing

Quick commerce unicorn Zepto is set to pre-file its draft red herring prospectus (DRHP) with market regulator Sebi on Friday through a confidential route, as it targets a stock market listing sometime next year, according to sources. The move positions Zepto to become one of the youngest startups to list on Indian stock exchanges. If the listing goes through, Zepto will join its rivals Zomato and Swiggy, both of which are already listed on the exchanges. "Zepto is set to pre-file its draft red herring prospectus (DRHP) with Sebi on December 26," people familiar with the developments told PTI. Eternal, which owns Zomato and quick commerce platform Blinkit, was listed in 2021, while Swiggy, which operates Instamart, made its stock market debut in November 2024. The confidential pre-filing allows the company to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly disclosed. This route has been increasingly

The Securities Markets Code: Regulatory governance, finally codified

The Securities Markets Code embeds legitimacy, proportionality, and accountability into market regulation. The first of a three-part series

Regulatory architecture 2.0: Securities Markets Code marks a decisive shift

Part two of a three-part series on the Securities Markets Code focuses on regulatory reform as it moves from discretion to institutional design

2025: The IPO juggernaut rolled on, defying volatility and market pullbacks

Investment bankers now see annual mobilisation of ₹1.5-2 trillion as the new normal

NHAI gets Sebi nod for RIIT as InvIT, to broaden public participation

State-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) has received approval from the Securities and Exchange Board of India (SEBI) as an Infrastructure Investment Trust (InvIT), an official statement said on Wednesday. The statement said the Public InvIT aims to unlock the monetisation potential of the National Highway assets while creating a high-quality, long-term investment instrument primarily targeting retail and domestic investors. The initiative marks an important step in broadening public participation in the National Highway infrastructure growth story, it added. Earlier, NHAI had incorporated Raajmarg Infra Investment Managers Pvt Ltd (RIIMPL) as the Investment Manager for the Raajmarg Infra Investment Trust (RIIT). RIIMPL has been established as a collaborative venture with equity participation from leading banks and financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd., HDFC Bank, ICICI Ba

Sebi's Mumbai space quest ends, MMRDA allots BKC plot for expansion

The Securities and Exchange Board of India (Sebi) had been on the lookout for a land parcel to ramp up its operations, overseeing India's fast-expanding securities market, for a while now

Tonbo Imaging files DRHP for IPO after rapid growth in defence electronics

Tonbo Imaging has filed its DRHP with Sebi for an IPO that is entirely an offer for sale. The firm reported FY25 revenue of Rs 469 crore, with 65% from overseas sales

Tata Motors Finance settles Sebi matter for ₹32 lakh over NCD issue

Tata Motors Finance settled the Sebi matter for Rs 32 lakh over alleged violations tied to five Tier-II perpetual NCD issuances between 2019 and 2022

Best of BS Opinion: Sebi reforms to make things easier for investors

From Sebi's investor-friendly rule changes and PM Modi's West Asia tour to debates on power grid reform, shrimp exports and a Zomato biography, here's today's Best of BS Opinion.

BS Poll: Rupee may trade around 90 against the dollar by December-end

Majority of the respondents said the domestic currency would appreciate to 88.5 against the dollar by end FY26