IPO Financial News

Subscribe to enjoy similar stories. Star Health Insurance, India's largest stand-alone health insurance company, has been under the regulator's radar for alleged violations in claim settlement. According to the insurance statistics handbook of the Insurance Regulatory and Development Authority of India (Irdai), Star Health and Allied Insurance Co.

Desco Infratech will debut on the BSE SME platform on Tuesday. Ahead of the listing, the GMP was at around Rs xx, indicating a premium of % over the issue price. However, this could change depending on the sentiments in the secondary market. The company will use the IPO proceeds, Rs 31 crore to be precise, for funding of capital expenditure requirements towards setting up of a corporate office in Surat, purchase of machinery, working capital requirements and general corporate purposes.

Subscribe to enjoy similar stories. Mumbai/New Delhi: Delhi-based 37-year-old insurance sector executive Prateek Verma says the biggest change his wife has noticed in him over the past few months is that he has become “weirdly philosophical". Can this be attributed to the joys of matrimony? “No, it is the stock market," he quipped.

Aravind Srinivas, CEO of AI-powered search engine Perplexity, recently joined a Reddit discussion to address issues being raised by users. He also used the opportunity to assert that the company does not face any significant financial difficulties. “We have all the funding we've raised, and our revenue is only growing,” Srinivas stated. “We have no plans of IPOing before 2028.” Earlier, a Reddit user had claimed in a post that the company was struggling financially and this had led it to implement cost-cutting measures.

LONDON — After 20 years in the role as Klarna's CEO, Sebastian Siemiatkowski is about to face his toughest test yet as the financial technology firm prepares for its blockbuster debut in New York.

Shadowfax has converted itself to a public entity, according to regulatory filings with the corporate affairs ministry. It is a key step ahead of Shadowfax’s plan to file draft papers for its initial public offering (IPO), which could happen in the next three-four months according to people familiar with the matter. The company has appointed ICICI Securities, JM Financial and Morgan Stanley as the bankers for its public offering. “The company is proposing to undertake an initial public offer… comprising of fresh issuance of equity shares… and an offer for sale by certain existing shareholders of the company, and list the equity shares on one or more of the stock exchanges,” it said in the filing.

The biggest blow came earlier this week when Microsoft reportedly halted new data center projects in the U.S. and Europe. The news sent ripples through the AI industry, fueling doubts about whether the billions poured into AI infrastructure over the last two years will generate the returns investors hoped for. With inflation pressures, sluggish consumer confidence, and a cooling IPO market adding to the mix, AI’s golden run seems to be slowing down.

Pace Digitek, which is a multi-disciplinary solutions provider specializing in telecom passive infrastructure industry including telecom tower infrastructure and optical fibre cables, is planning to raise around Rs 900 crore through the public offer.

artificial intelligence startup to go public, finished its first day of trading at $40.01 a share, one penny above the disappointing initial public offering price the company had set a day earlier. The company's share price, trading under the ticker symbol CRWV, signaled concern among Wall Street investors about the economy and CoreWeave's business model. The faltering day of trading came amid a slumping stock market and uncertainty around inflation and President Donald Trump's tariffs. The S&P 500 dropped 2% on Friday, one of its worst days since Trump's election.

NSE SME platform on Friday. Ahead of the listing, the company's shares are having a muted GMP of Rs 0 in the grey market. This indicates a flat to negative listing at the bourses, but could change depending on the sentiments in the secondary market. The company will utilise the Rs 44 crore it raised from the public offer for purchase of vehicles, working capital requirements and general corporate purposes.

Investors can check Shri Ahimsa Naturals IPO allotment status through NSE and also via the registrar's website.

CoreWeave plans to reduce the size of its U.S. initial public offering and price the shares below range, a person familiar with the matter told Reuters on Thursday, as per a report. The Nvidia-backed cloud services provider is now looking to sell 37.5 million shares and price them below the range at $40 apiece, the source added, requesting anonymity discussing confidential information. The sale would fetch up to $1.5 billion, Reuters reported. The listing is being closely watched as a test for the fragile U.S. IPO market and a gauge of whether investor enthusiasm for AI newcomers remains strong or is waning. CoreWeave and some existing investors had initially aimed to sell 49 million shares in the offering priced between $47 and $55 each to raise as much as $2.7 billion. The company did not immediately respond to Reuters' request for comment.

Grand Continent Hotels will debut on the NSE SME platform on Thursday. Ahead of the listing, the GMP, at Rs 0, is not very inspiring for investors. The IPO, which was completely a fresh equity sale of 66 lakh shares, was subscribed just over 1x. The proceeds will be used for repayment of debt, expansion of hotel properties in India and other general corporate purposes.

Subscribe to enjoy similar stories. VerSe Innovation, the parent of news aggregator Dailyhunt and short-video app Josh, expects to break even in the next three to four months and turn profitable in FY26 after reducing losses and improving cost efficiency, co-founder Umang Bedi told Mint in an interview. “The primary focus is to break even in the next few months," Bedi said.

The retail portion of the issue was subscribed by 2.47 times, while the issue was subscribed by 4.06 times in the non-institutional investors category on the second day of bidding. Meanwhile, the qualified institutional buyers had not made any bids yet.

Zomato shares faced pressure in today’s trade, dropping 5% to an intraday low of Rs 199.90 on the BSE after global brokerage BofA Securities downgraded the stock and cut its price target, citing profitability concerns in the quick commerce and food delivery segments. According to a report by CNBC-TV18, which cited BofA’s latest note, the brokerage downgraded Zomato to «neutral» from its previous «buy» rating and reduced the price target to Rs 250 from Rs 300.

Subscribe to enjoy similar stories. MUMBAI : Bootstrapped upskilling firm Intellipaat Software Solutions Pvt. Ltd has appointed consultancy major EY to advise on its fundraising plans as it targets a revenue of ₹700-800 crore over the next two years, a top executive of the firm told Mint.

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