IPO Financial News

Subscribe to enjoy similar stories. A real estate investment trust sponsored by asset manager Blackstone Group and Bengaluru developer Sattva Group filed its draft papers with the market regulator for an initial public offering (IPO) to raise around ₹7,000 crore. The Knowledge Realty Trust has a portfolio of 30 Grade A office assets across 48 million sq.

Subscribe to enjoy similar stories. New Delhi: Critical mineral refining and processing company Lohum is looking to raise about $200 million from private equity funds, as it readies to launch an initial public offering (IPO) in early 2027, its founder and chief executive officer (CEO) Rajat Verma said. “Growth will come from capacity expansion.

Quess Corp will list its two new entities Bluspring Enterprises and Digitide Solutions in two months, the company founder-chairman Ajit Isaac told ET on Thursday. The Bengaluru-headquartered company with diverse businesses is moving swiftly to cement the independent identities of new firms. “We are among the few companies that have been on course on the demerger scheme,” Isaac said. The company began the process of demerger two years ago which helped it plan the leadership and governance structures well in advance. The two new companies are a result of the deployment of capital raised through an IPO about eight years ago. “This is a proof of our capital allocation strategy,” he added.

AI cloud provider, is making waves with its highly anticipated IPO filing. But buried within the excitement of its rapid growth is a startling revelation: one customer alone drives more than half of the company’s $1.9 billion in revenue, as per a report.

CoreWeave said on Tuesday that it is acquiring AI developer platform Weights & Biases as the company seeks to extend its cloud platform ahead of its IPO. The deal will combine CoreWeave's infrastructure and managed cloud services with Weights & Biases' platform, which is used for AI model training, evaluation, and monitoring, the company said. Weights & Biases's product is used by technology companies including OpenAI and Meta to build and train AI models and develop and deploy AI applications.

Subscribe to enjoy similar stories. Bengaluru: Prime Venture Partners, which has backed Indian startups such as MyGate and Niyo, has launched its fifth fund with a size of $100 million to continue investing in early-stage companies across sectors. The development comes almost four years after it raised $100 million for its fourth fund, which was later oversubscribed to $120 million.

Subscribe to enjoy similar stories. IPO-bound online investment platform Groww has issued compulsorily convertible preference shares as bonus to existing investors, including Peak XV and Ribbit, according to a Competition Commission of India’s notice. According to the notice issued on 3 March, the transaction will also result in collapse of the differential voting rights (DVR) held by Harsh Jain, Lalit Keshre, Neeraj Singh and Ishan Bansal, the founders of Groww.

Blackstone has pulled out of the race to pick up a minority stake in the snacks business of India's Haldiram's over valuation concerns, two sources with direct knowledge of the matter said on Tuesday. Rival bidder Temasek remains in the race to acquire a minority stake in the business, said a third source with direct knowledge of discussions. Blackstone had spent seven months on the deal, but there is «no turning back» now from a decision to end talks, one of the first people said.

IPO) of NAPS Global India, which opened for public bidding on Tuesday, had an overall subscription of 6% as of 10:59 AM on the first day of public bidding. The company aims to raise Rs 12 crore through a fresh equity issuance of 13.2 lakh shares, with the issue available for investors to bid till March 6. The retail portion of the issue was subscribed by 11%, while the issue was subscribed by 1% in the non-institutional investors category on the first day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.

The five-year-old startup hit the new valuation as it sold $150 million worth of its secondaries to investors including Singaporean wealth fund GIC, Thrive Capital, Khosla Ventures and General Catalyst, Ramp said in a statement on Monday. Ramp joins other startups in allowing employees to cash out their shares, a move that could delay the companies' IPO plans.

The February figure marks a 19.5% uptick from $1.38 billion in total funding in January 2025. On a year-on-year basis, the total amount of fundraise was down from $2.06 billion secured in February 2024.

Subscribe to enjoy similar stories. It sells ice cream and sugary drinks for under $1. Its mascot looks like the love child of Frosty the Snowman and the Michelin Man.

Subscribe to enjoy similar stories. Despite stocks, especially small caps, correcting steeply from their highs of September, markets could still undershoot on the downside as investor sentiment remains weak. However, they aren't likely to stay there for long, according to Mahesh Patil, chief investment officer of Aditya Birla Sun Life Asset Management Company Ltd.

Subscribe to enjoy similar stories. Rising compliance burden, digital transformation and growing deal activity are expected to drive India Inc.’s legal expenses past the ₹60,000-crore mark in the ongoing financial year. “We project Indian companies' aggregate legal expenses for FY25 to jump 15%–18% from FY24," said Ritvik Lukose, co-founder and chief executive officer (CEO) of Vahura, a compliance and governance-focused search and advisory firm.

What is even more intriguing is how the who-is-who of the mutual fund industry, supposedly smart money, queued up for the anchor book to pay up hefty premiums while similar businesses with comparably better return metrics were going for a song in the secondary markets. This paradox raises very important questions: Was it pure FOMO (Fear of Missing Out) driven by greater fool theory? Did the mutual fund managers undergo irrational pressure to deploy capital in primary issues due to supply constraints in the secondary markets? Or was there an expectation that liquidity-fueled momentum would continue to drive up prices post-listing? Or was it a combination of all of these? We will never know the precise answer. Nevertheless, it is fascinating to pick one case study for examination where these factors were exceptionally evident to illustrate how irrational decision-making can creep into the strategies of mutual fund managers who are meant to be the custodians of retail investors’ hard-earned money.

income tax department on Friday conducted a survey of premises linked to the Shapoorji Pallonji (SP) Group. The department's surveys often involve preliminary investigation.

In the IPO, the company has reserved 30% for institutional investors, 40% for retail investors. The rest of 30% is kept aside for non-institutional investors, who in the recent past emerged as the strongest pillar for the IPOs in the SME segment.

Subscribe to enjoy similar stories. Breaking the silence over the ongoing dispute between brothers Abhishek and Abhinandan over a family settlement agreement and the use of the Lodha brand, their mother Manju Lodha has stated that neither brother has any valid claim on the other’s business. The mother made an emotional appeal to the two brothers to bury the hatchet in a letter addressed to them on 21 February.

Carraro India's stock has fallen by 38% since February 6 after the auto ancillary company reported a sharp drop in net profit for the December quarter amid muted revenue growth. This has extended its discount over the IPO price of ₹704 to 52%. For the company, which was listed on bourses on December 30, the short-term outlook appears to be bleak amid pressure on profitability and weakness in the international market.

Achilles will run a concentrated portfolio strategy, with a focus on alternative assets and investing in closed-ended London Stock Exchange-listed companies, according to the law firm that advised on Tuesday's (25 February) IPO, Carey Olsen.  Gibraltar-based Harwood Capital Management has been appointed as the investment manager and led by Mills and Naylor, who worked to secure an exit for investors at the Hipgnosis Songs fund that was sold to Blackstone last year.  UK shareholder activism rises 28% as US activist investors take aim at Europe The duo is also currently working on a ...

Subscribe to enjoy similar stories. Companies, especially startups, may increasingly be pursuing the path of confidential IPO filings to keep their listing timelines flexible and manage market volatility, people familiar with the public markets said. Edtech company PhysicsWallah, which raised additional capital from existing investor Westbridge, is expected to make a confidential filing for an initial public offering over the next three weeks, a person familiar with the company’s plans said.