IPO Financial News

SME IPO of Purple United Sales will open for subscription today and will close on December 13. The company aims to raise Rs 33 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Vishal Mega Mart, which is a leading supermarket chain operator, will launch its Rs 8,000 crore IPO today. The issue, which is entirely an OFS of 102 crore shares, will be available for bidding till December 13. Since the IPO is entirely an OFS, the proceeds from the offer will go to the selling shareholders, in this case the promoter Samayat Services.

Sai Life Science (SLSL), a contract research, development and manufacturing organisation (CRDMO), is rolling out an IPO of ₹3,043 crore comprising a fresh issue of ₹950 crore and an offer for sale of ₹2,093 crore. The issue gives a partial exit to private equity investors TPG Asia and HBM. The promoter share will be diluted from 41.8% to 35.2%. The issue proceeds are going to be used for repayment of borrowings.

According to the circular, MobiKwik has decided to allocate 92.26 lakh equity shares to 21 funds at Rs 279 apiece, which is also the upper end of the price band. This translates into the transaction size to Rs 257.4 crore.

Subscribe to enjoy similar stories. MUMBAI : Mintifi Finserve, a supply-chain financing startup, secured $180 million in a Series E funding round on 10 December, led by Teachers’ Venture Growth, the late-stage investment arm of Ontario Teachers’ Pension Plan (OTPP), and global investor Prosus. Existing backer Premji Invest also participated in the round, which comprised both primary and secondary transactions.

initial public offering (IPO) of the digital payments platform One MobiKwik Systems is set to open for public subscription on Wednesday, December 11, and will close on December 13. Ahead of the issue, the grey market premium (GMP) for MobiKwik shares is around Rs 125-130, indicating a 45% premium over the issue price.

The public issue is aimed at giving a partial exit to Kedaara Capital, which will dilute the private equity promoter's stake to 76% from 96.5%. Since it is an OFS, the company will not get any proceeds from the share sale.

shares of Property Share Investment REIT IPO will debut on the BSE platform on Monday. Ahead of the listing, the company's shares had no GMP in the grey market. The REIT IPO of Property Share Investment Trust was fully subscribed on the final day of bidding at 1.19 times at close.

Flipkart, India’s largest ecommerce firm valued at $36 billion, is preparing for an initial public offering (IPO) in the coming year with a definite timeline of 12-15 months, multiple people aware of the development said. The proposed listing, which is likely to be the largest share issue by a new-economy company, will mark a seminal moment for the country’s startup sector that is now regarded as the third largest worldwide. The Walmart-owned firm has secured internal approvals to move its domicile from Singapore to India, regarded as a first step to an IPO, and is targeting a public sale of shares by the end of the next calendar year or within the first quarter of 2026, people in the know told ET. “The process has begun and there is clear understanding that in this timeline the company should be public,” one of the sources said.

LG Electronics India is concerned that its South Korean parent may in the future start separate businesses in India which could compete with the former since there is no exclusivity arrangement between the two of them. India's largest home appliances maker highlighted the apprehensions in its draft prospectus filed with the market regulator on Friday for a planned initial public offering (IPO). The mega public issue will see LG Electronics sell a 15% stake in the Indian subsidiary to raise around ₹15,000 crore, potentially making it India's fifth-largest IPO after Life Insurance Corporation, Hyundai Motor, Paytm and Coal India.

Vishal Mega Mart IPO before subscribing to the issue.

IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd. Alongside the five main-board IPOs, six SMEs are preparing to float their maiden public issues next week to garner over Rs 150 crore collectively.

Sai Life Sciences IPO before subscribing to the issue. 1) What is the business overview of Sai Life Sciences? Sai Life Sciences provides end-to-end services across the drug discovery, development, and manufacturing value chain for small molecule New Chemical Entities (NCEs) to global pharmaceutical innovator companies and biotechnology firms.

Apart from the new issues, the Street will also see three listings from Nisus Finance, Property Share REIT and Emerald Tyre Manufacturers.

Zerodha Founder and CEO Nithin Kamath on Saturday took to social media platform X to warn investors of the stock market malices happening daily and how investors were being fooled by scamsters. Citing market regulator Securities and Exchange Board of India's (Sebi’s) two recent orders — Trafiksol ITS Technologies IPO and Baap of Chart — Kamath reiterated that shortcut to make a quick buck is the surest way to lose money in the markets.

Subscribe to enjoy similar stories. On the surface, this newly listed water management stock may look like the biggest story to watch out for in 2025. Why, you ask? It belongs to the red-hot water management sector, and we recently explained why stocks involved in this industry could make big moves in 2025.

The offering is entirely an offer for sale by the promoter, LG Electronics Inc., which plans to sell 101.8 million shares, or 15% of the equity capital.

Subscribe to enjoy similar stories. MobiKwik’s public offer will open for subscription on Wednesday with a price band of ₹265-279 per equity share, valuing the company at about ₹2,165 crore, a sharp discount to the valuation the company sought in its last attempt at the public listing back in 2021of ₹7,600 crore. The company, headed by husband-and-wife duo Bipin Preet Singh and Upasana Taku, has reduced its fundraising target to ₹572 crore, following the Securities and Exchange Board of India’s (Sebi’s) approval in September to raise ₹700 crore.

NSE SME platform on Friday. Ahead of the listing, the company's shares were trading with a GMP of Rs 78 in the grey market. Considering the upper price band of Rs 83, the stock is likely to see a maximum premium of 90% over the issue price.

share allotment of Property Share REIT IPO is likely to be finalised later today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.