Page 32 - Sebi

Nuvama Wealth gets Sebi approval to set up mutual fund business in India

Financial services company Nuvama Wealth Management Ltd has secured approval from markets regulator Sebi to set up its proposed mutual fund business. In a stock exchange filing, Nuvama Wealth Management informed that "Sebi vide a letter dated October 1, 2025, has granted approval to the company to act as the sponsor and set up the proposed Nuvama Mutual Fund". This will enable Nuvama Wealth Management to launch schemes under mutual fund including Specialized Investment Fund category. The final approval for registration of mutual fund will be granted by Sebi subject to fulfilment of certain requirements by the company. In January, the company had informed stock exchanges regarding the application to be made to Securities and Exchange Board of India (Sebi) seeking approval to act as the sponsor for Nuvama Mutual Fund.

Lalbaba Engineering, CJ Darcl Logistics and Jerai Fitness file draft IPO

Engineering solutions company Lalbaba Engineering, CJ Darcl Logistics, the India arm of South Korea's logistics firm CJ Logistics, and fitness equipment maker Jerai Fitness and have filed draft papers with markets regulator Sebi to garner funds through initial share-sales. With these filings, the IPO pipeline remains strong. Over the past few days, nearly two dozen companies have submitted draft papers with Sebi, and so far, 77 main-board IPOs have been launched this year and several large issues are lined up for this month. The filing also comes at a time when the Indian market is experiencing a boom in primary market activity, despite a struggling broader equity market. The Kolkata-based Lalbaba Engineering's proposed IPO is a fresh issue of Rs 630 crore and an offer for sale (OFS) of Rs 370 crore by promoters, according to the draft papers filed on September 29. Proceeds from its fresh issuance worth Rs 271 crore will be utilised for funding capital expenditure requirement for .

Sterlite Electric files IPO paper with Sebi to raise ₹1,500 crore

Sterlite Electric, which has filed draft papers with Sebi, is looking to raise around Rs 1,500 crore through its initial public offering (IPO) to fund its growth plans and pare debts. The IPO is a mix of fresh issue of 77.9 lakh equity shares and an equal number of shares under offer for sale (OFS) by a promoter and existing shareholders, Sterlite Electric (formerly known as Sterlite Power Transmission), according to the draft red herring prospectus (DRHP) filed on Monday. Under the OFS, promoter Twin Star Overseas Limited, and existing shareholders -- Kailash Chandra Maheshwari, Jacob John G and Ramguru Radhakrishnan -- would offload shares. According to market sources, the company is eyeing to mobilise around Rs 1,500 crore through its maiden public offering. An email query sent to the company seeking a response on a fundraising through IPO remained unanswered. As per the DRHP, the proceeds from the fresh issue will be utilised to repay or prepay some of its outstanding borrowin

Runwal Developers files draft papers with Sebi to raise ₹2,000 cr via IPO

Proceeds from the fresh issue will be used for the prepayment or repayment of certain outstanding borrowings and for general corporate purposes

Augmont Entp files DRHP for ₹800-cr IPO; promoters to sell ₹180-cr stake

Augmont Enterprises integrated a gold and silver platform in India serving businesses and consumers, with presence across 24 states, as of August 21, 2025

Sebi extends timeline to roll out algo trading rules for retail investors

Retail algo trading, which allows investors to use automated strategies via computer programs, will be offered through application programming interfaces

Indian households, including Gen Z, remain risk-averse: Sebi survey

The nationwide study, conducted across 90,000 households in 400 cities and 1,000 villages, highlights that nearly 80 per cent of families prefer capital preservation to higher, riskier gains

Sebi extends retail algo trading rollout, full compliance by April 2026

Sebi has extended the timeline for retail algo trading framework rollout, setting phased compliance milestones for brokers through 2025, with full compliance due April 2026

Sebi ban over fund diversion drags Man Industries shares down 10%

Shares of Man Industries plunged over 10 per cent after Sebi barred the company and three top executives, including the chairman and MD, over alleged fund diversion

Gaudium IVF refiles IPO papers with Sebi; ups OFS portion to 9.49 million

Gaudium IVF IPO: Gaudium IVF offers a complete array of specialised fertility and reproductive health services

Virupaksha Organics files draft papers with Sebi for ₹740 crore IPO

Pharmaceutical company Virupaksha Organics has filed preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The proposed IPO of the Hyderabad-based company is entirely a fresh issue of equity shares, according to the draft red herring prospectus (DRHP) filed on Monday. The company may consider raising Rs 148 crore in a pre-IPO placement round. If such placement is undertaken, then the issue size will be reduced. Virupaksha proposes to utilise proceeds of the fresh issue to the tune of Rs 360 crore towards funding capital expenditure requirement for capacity expansion, Rs 195 crore earmarked for payment of debt and the balance towards general corporate purposes. Virupaksha Organics is a research and development (R&D) driven Indian pharmaceutical company engaged in the manufacturing of active pharmaceutical ingredients (APIs) and intermediates. As of March 31, 2025, it had a diversified portfolio of 54 products, ...

Sebi bars Man Industries, top executives for 2 yrs over 'fund diversion'

The regulator found the company failed to consolidate its unit, Merino Shelters, in its financials between fiscal years 2015 and 2021

Sebi's Valid UPI rollout faces hurdles as advisors struggle with handles

Sebi's new Valid UPI initiative, effective October 1, has hit hurdles as many research analysts and investment advisors face mismatches and bank delays in securing handles

Street Signs: Low Vix, high tension, IPO fireworks light up grey market sky

A calm Vix belies market jitters as FPIs sell aggressively; IPO grey market stays hot; traders push back against Sebi's plans to curb weekly derivatives expiries

Laser Power and Infra files draft papers with Sebi for ₹1,200 cr IPO

Laser Power and Infra Ltd, a cable and conductor manufacturer, has filed preliminary papers with markets regulator Sebi to raise Rs 1,200 crore through an initial public offering (IPO). With this, the Kolkata-based company is targeting a valuation of Rs 5,500-6,500 crore, people familiar with the matter said. The proposed IPO is a combination of a fresh issue of equity shares worth Rs 800 crore and an offer for sale (OFS) of equity shares valued at Rs 400 crore by promoters, according to the draft red herring prospectus (DRHP) filed on Saturday. As part of the OFS, Deepak Goel, Rakhi Goel, and Devesh Goel will offer offload shares aggregating up to Rs 225 crore, Rs 50 crore and Rs 125 crore, respectively. Laser Power and Infra Ltd (LPIL) plans to use the fresh issue proceeds to repay loans of up to Rs 600 crore, and a portion would be earmarked for general corporate purposes. The company may consider a Pre-IPO Placement of equity shares aggregating up to Rs 160 crore. If such ...

CSM Technologies files draft papers for IPO with Sebi to raise funds

CSM Technologies, a digital transformation, GovTech, and IT consulting services provider, has filed its preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The Bhubaneswar-based company's proposed IPO comprises entirely a fresh issue of 1.29 crore equity shares, with no offer-for-sale (OFS) component. Proceeds from the issue will be utilised towards funding growth initiatives, strengthening technological infrastructure, payment of debt and general corporate purposes, according to the draft red herring prospectus (DRHP) filed on Thursday. Founded in 1998 as Cybertech Software & Multimedia Pvt Ltd, the company was renamed CSM Technologies Pvt Ltd in 2014 and converted into a public company in 2025. CSM Technologies is a global GovTech company specialising in digital transformation, IT consulting, and providing comprehensive 360-degree IT solutions to governments and public enterprises worldwide. The company has subsidiaries in the .

Saatvik Green Energy makes disappointing debut; GK Energy jumps 10%

Saatvik Green Energy slips 5% on debut, GK Energy jumps nearly 10%; Aarvee Engineering and Deon Energy file draft papers with Sebi for upcoming IPOs

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

Aarvee Engineering gears up for IPO, submits draft papers with Sebi

Through its maiden share sale, the Hyderabad-based company aims to raise ₹202.5 crore from the fresh issue of equity shares

Buzzing Street: Small deals drive best IPO month since January 1997

Most of the activity has been in the small-cap space, with average mainboard deal sizes at around ₹530 crore, even as larger companies have preferred to play the waiting game