Sebi

Sebi bars 26 individuals, imposes ₹1.85 cr penalty in SME stock case

In a 142-page order, the market regulator has also directed disgorgement of over Rs 98.78 lakh identified as illegal gains and imposed a penalty of Rs 1.85 crore on the individuals

Ashika Group gets Sebi's in-principle nod to launch mutual fund biz

Ashika Group on Wednesday announced that it has received in-principle approval from the markets regulator, Sebi, to launch mutual funds. This move allows the company to proceed with establishing an Asset Management Company (AMC) and preparing for the launch of mutual fund schemes, subject to fulfilling Sebi's final registration requirements and conditions, Ashika Group said in a statement. Ashika Group's foray into mutual funds builds on its experience across capital markets and financial services, including retail & Institutional broking, investment banking, research advisory, global family office services, Alternative Asset Management and Private Equity. "The launch of Ashika Mutual Fund is a natural extension of our vision to contribute meaningfully to India's evolving asset management ecosystem," Pawan Jain, Chairman & Managing Director, Ashika Group, said. The proposed fund house aims to offer a range of investment schemes tailored to diverse investor needs.

Fundraising stays robust in 2025 as IPOs hit records, QIPs shrink sharply

IPO and SME IPO fundraising hit record highs in 2025 despite market volatility, while rights issues surged and QIPs fell sharply amid FPI selling and elevated valuations

Oyo parent Prism files for ₹6,650 crore IPO via confidential route

OYO's parent PRISM has filed confidential draft IPO papers with Sebi to raise up to Rs 6,650 crore, reviving listing plans shelved earlier amid global market volatility

Vishal Nirmiti files DRHP for IPO, aims to raise ₹125-cr via fresh issue

Vishal Nirmiti comprises a fresh issue of equity shares of face value ₹10 each aggregating up to ₹125 crore and an OFS of up to 1.5 million equity shares

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