IPO Financial News

Subscribe to enjoy similar stories. From the industrial belts of Gujarat to the outskirts of Bengaluru, factories are churning out solar panels by the millions, their glassy surfaces stacked and shipped across the country. Utility developers, homeowners and farmers are lapping them up, feeding the surge in India’s clean energy push.

Subscribe to enjoy similar stories. Startups are offering higher salaries, bigger bonuses and more employee stock options (Esops) at the Indian Institutes of Technology (IITs) this year, but despite securing first-day slots too, they are struggling to attract top talent as campus hiring shifts from mass hiring to picking a few high-quality candidates amid an AI-led productivity boost.

Delhivery is acquiring rival logistics firm Ecom Express in an all-cash deal for Rs 1,407 crore. The Gurugram-based company had been valued at around Rs 7,000 crore less than a year ago. Here’s a timeline of how the once high-flying startup hit turbulence: 2012: Late T A Krishnan cofounded Ecom Express along with K Satyanarayana, Manju Dhawan, and Sanjeev Saxena—former Blue Dart executives. The company began operations in January 2013 from Gurugram, focusing on ecommerce logistics.

Financial services firm Tata Capital has filed preliminary papers for Rs 15,000 crore plus IPO under the confidential pre-filing route with markets regulator Sebi. The mega IPO will comprise both issuance of new shares as well as offloading of stake by Tata Sons, which owns 93% equity stake in Tata Capital. Tata Capital, identified as an upper-layer non-banking finance company (NBFC) by the Reserve Bank of India (RBI), already received its board approval to float the IPO which may comprise 2.3 crore equity shares by way of a fresh issue and an offer of sale (OFS) by certain existing shareholders, according to a disclosure made to stock exchanges earlier.

Subscribe to enjoy similar stories. US President Donald Trump announced sweeping reciprocal tariffs on nearly all US trade partners on Wednesday, including a 26% tariff on India. Meanwhile, the government offered another lifeline to debt-ridden Vodafone Idea by converting some of the company's dues into equity.

distribution, infrastructure projects, has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an Initial Public Offering (IPO). The Jaipur-based company's IPO is a combination of a fresh issue of shares worth Rs 200 crore and an Offer For Sale (OFS) of 19.2 lakh shares by promoters and other shareholders, according to the Draft Red Herring Prospectus (DRHP). The company is looking to mop up Rs 40 crore in the pre-IPO round, and if such placement is completed, the fresh issue size will be reduced.

correction as concerns around high valuations, earnings downgrades, and macroeconomic uncertainties come to the forefront. According to Manishi Raychaudhuri, a prominent market strategist, the next couple of months could be challenging for investors as multiple headwinds converge, including the impact of global trade developments, sector-specific earnings pressures, and stretched market valuations. In an interaction with ETNow, Raychaudhuri said he expects the Indian market to correct in the short term, pointing to the upcoming result season and the likelihood of widespread earnings estimate downgrades across key sectors such as IT, consumer discretionary, industrials, and staples. He also flagged potential currency weakness and a rise in equity supply as additional short-term concerns that could weigh on market sentiment.

On Tuesday (2 April), Circle lodged its application with the Securities and Exchange Commission (SEC). Investors pull out of European crypto funds in 2024 amid market and political buzz Circle has attempted to float on US public markets before, put pulled the plug on its IPO, an event that CEO Jeremy Allaire, said was «disappointing» in an X, at the time Twitter, post in 2022, after it did not complete the SEC qualification in time.  The US has adopted a more crypto-friendly tilt from the incumbent White House administration, and the SEC has also moved to loosen its oversight of th...

Subscribe to enjoy similar stories. Kissht, an online lending platform, is preparing to tap the capital markets with an initial public offering and has hired investment bankers for the process, two people aware of the development told Mint. The company hired ICICI Securities, UBS Securities India Private Limited and Motilal Oswal Investment Banking and is finalising a fourth banker, one person said.

IPOs. Recently, a flurry of companies, 14 to be precise, filed their draft prospectus letters with capital markets regulator Sebi, indicating their interest to tap the public market. There are also reports that indicate Korean electronics giant LG's India IPO will hit the market as early as this month, ending a lull of nearly 2 months now. It should be noted that the IPO market has been very dull this year due to the correction in the secondary market.

IPO) for its portfolio company Straive in India, said people familiar with the matter. EQT has appointed Axis Capital, JP Morgan and Morgan Stanley to manage the offering for the edtech-focused data and solutions provider, the people said.

Nvidia co-founder Jensen Huang and Dell Technologies founder Michael Dell saw their net worths drop below the $100 billion threshold after a brutal first quarter for global stocks, as a broad market sell-off wiped out billions from the fortunes of some of the world’s wealthiest individuals. The number of centi-billionaires has shrunk from 16 to 13 this year, according to the Bloomberg Billionaires Index, as aggressive U.S. tariff policies have heightened market volatility.

Securities and Exchange Board of India (Sebi) has given workspace solutions provider IndiQube the green light for its initial public offering (IPO). The company, which is backed by WestBridge Capital, had filed a draft red herring prospectus (DRHP) last December seeking to raise Rs 850 crore through the IPO. This comprises Rs 750 crore in fresh capital and Rs 100 crore in an offer for sale. Founders Rishi Das and Meghna Aggarwal plan to sell shares worth Rs 100 crore through the offer-for-sale segment. According to online news platform Entracker, IndiQube intends to use Rs 427 crore of the fresh funds on capital expenditure, Rs 100 crore to repay or prepay existing loans, and the rest on general corporate activities.

Subscribe to enjoy similar stories. Mumbai: Weikfield Foods, known for its custard, jelly mixes and baking powder, will produce more ready-to-eat products for the convenience-seeking younger generation of customers, look for acquisitions to boost growth, and come out with an IPO to fund its expansion plans, CEO and managing director Ashwini Malhotra told Mint in an interview. The company’s ready-to-eat custard, launched a few years ago, is gathering momentum and is one of its first game-changing products, he said.

Subscribe to enjoy similar stories. The once-booming initial public offerings (IPO) market, fueled by frenzied retail participation, has hit a speed bump. The recent sell-off in Indian equities has forced companies to defer listings, with March seeing no mainboard public listing, the first monthly lull since May 2023.

At close, the company added more than $7 billion to its market value.

ATC Energies System's offering received a muted subscription from investors. However, the company's shares will debut on the NSE SME platform today. The GMP ahead of the listing is around 3%. Net proceeds to the tune of Rs 64 crore will be used for repayment of debt, funding capex requirements, working capital and general corporate purposes.

Subscribe to enjoy similar stories. Infra.Market’s venture debt backers are exploring a $30 million secondary transaction in an extended pre-IPO round as they look to encash their stake before the company files its draft papers later this quarter, three people familiar with the matter told Mint. “Venture debt firms like Innoven Capital, Strides Ventures and Trifecta Capital are looking to offload some of their stake in the upcoming round," one of the people cited above said, adding that Alteria will also participate in the round, although they have already sold some of their stake.

equity fundraising remain in full swing. Over the past three days alone, 14 companies filed their draft prospectuses with the Securities and Exchange Board of India (Sebi). The rush comes as companies aim to meet the deadline for submitting documents along with their audited financial statements for the quarter ended September 30, 2024.

Third-party logistics services provider Om Freight Forwarders Ltd has filed draft papers with capital market regulator Sebi to raise funds through an initial public offering (IPO). The IPO involves a fresh issuance of shares worth Rs 25 crore with an offer for sale of up to 72.50 lakh equity shares by the promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. Proceeds from its fresh issuance to the extent of Rs 16.64 crore will be used funding of the capital expenditure requirements of the company related to the acquisition of commercial vehicles and heavy equipment, and a portion will be utilised for general corporate purposes.

IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) valued at Rs 1,500 crore, according to the Draft Red Herring Prospectus (DRHP) filed on March 30. The OFS comprises sale of shares worth Rs 1,430 crore by promoter Kamlesh Jain and Rs 70 crore by shareholder Mayank Pareek.