Stay updated with the latest red-herring-prospectus news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on red-herring-prospectus topics.
New Delhi, Apr 2 (PTI) Shares of power solutions provider Powerica Ltd on Thursday made a tepid market debut, listing with a discount of over 7 per cent from the issue price of Rs 395. The stock was listed at Rs 366, slipping 7.34 per cent from the issue price on the NSE. On the BSE, it debuted at Rs 375, registering a decline of 5.06 per cent against the issue price. The company's market valuation stood at Rs 4,684.95 crore on the NSE. The listing comes amid a weaker broader trend, with ben ...Read More >
Gujarat Victory Forgings IPO | The proposed offer comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 1.32 crore equity shares by a promoter. Gujarat Victory Forgings Ltd has filed draft papers with the capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of up to 65 lakh equity shares and an offer for sale of up to 1.32 crore equity shares by a promoter, according to the draft red her ...Read More >
New Delhi, Apr 1 (PTI) Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed preliminary papers with markets regulator Sebi through the confidential route to float an initial public offering (IPO). The company has opted for the confidential pre-filing route, which allows it to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly disclosed. Companies increasingly prefer this route because it offers more flexi ...Read More >
New Delhi, Apr 1 (PTI) More than two dozen companies filed preliminary papers with capital markets regulator Sebi to raise funds through initial public offerings (IPOs) in the last two days of FY26, reflecting sustained primary market momentum. Among those that filed draft papers are Sadbhav Futuretech, TC Terrytex, Monomark Engineering (India) Ltd, Adroit Industries (India), Punjab Carbonic, Nityas Gems and Jewellery, Expression 360 Services India Ltd, Absolute Project (India) Ltd, Bvishal Oil ...Read More >
New Delhi, Apr 1: Onshore oilfield services provider Bvishal Oil and Energy has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of 1.8 crore shares, along with an offer for sale (OFS) of 77.09 lakh shares, according to the draft red herring prospectus (DRHP) filed on Tuesday. IPO structure and fund utilisation The Gujarat-based company plans to use proceeds from the fresh issue for c ...Read More >
New Delhi, Apr 1 (PTI) Onshore oilfield services provider Bvishal Oil and Energy has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of 1.8 crore shares, along with an offer for sale (OFS) of 77.09 lakh shares, according to the draft red herring prospectus (DRHP) filed on Tuesday. The Gujarat-based company plans to use proceeds from the fresh issue for capital expenditure and working ...Read More >
New Delhi, Mar 31 (PTI) Zetwerk Manufacturing Businesses has filed preliminary papers with markets regulator Sebi through the confidential route for an initial public offering (IPO) to raise between Rs 4,000 crore and Rs 5,000 crore. The proposed offering is expected to comprise a fresh issue of equity shares and an offer for sale (OFS) by existing shareholders, with details on issue size and valuation to be finalised through the book-building process, people familiar with the development said. ...Read More >
New Delhi, Mar 30 (PTI) Railway components maker Pioneer Fil-Med Ltd has filed draft papers with the markets regulator Sebi to raise Rs 500 crore through an Initial Public Offering (IPO). The proposed issue comprises a fresh issue of equity shares aggregating Rs 250 crore and an Offer For Sale (OFS) of shares worth Rs 250 crore by existing shareholders, according to the Draft Red Herring Prospectus (DRHP) filed on Sunday. The OFS includes stake sales by promoter Pioneer Facor IT Infradeveloper ...Read More >
Mumbai: Shivganga Drillers, Renny Strips and Aspri Spirits have filed their draft red herring prospectus for their respective initial public offerings. Shivganga Drillers, an integrated oilfield services provider offering onshore drilling, aims to raise Rs 400 crore through a fresh issue of equity shares. The company proposes to utilise the net proceeds towards capital expenditure towards the purchase of plant and machinery; repayment of certain borrowings availed by the company, and for general ...Read More >
New Delhi, Dec 16 (PTI) As many as seven companies, including Yashoda Healthcare Services, Fusion CX and Orient Cables, have secured Sebi's approval to raise funds through initial public offerings (IPOs), data with the markets regulator showed on Tuesday. Other firms that received regulatory approvals are Turtlemint Fintech Solutions, RSB Retail India, SFC Environmental Technologies, and Lohia Corp. Together, these companies are expected to fetch over Rs 6,000 crore, market sources said. These ...Read More >
Mumbai: Shares of Corona Remedies, a well-known pharmaceutical company, made an impressive entry into the stock market on Monday, December 15. The stock was listed on the National Stock Exchange (NSE) at Rs 1,470 per share, which is 38.42 percent higher than its IPO issue price of Rs 1,062. On the Bombay Stock Exchange (BSE), the shares opened at Rs 1,452, marking a gain of 36.72 percent over the issue price. This strong listing reflects the high demand and positive sentiment around the company ...Read More >
Sify Infinit Spaces has filed draft papers with market regulator Sebi to launch the country's first data center IPO, aiming to raise Rs 3,700 crore. The company, part of the Sify Group, operates one of India's largest networks of data center colocation facilities. The IPO will include a fresh issue of shares worth Rs 2,500 crore and an offer for sale of shares worth Rs 1,200 crore by existing investors -- Kotak Data Center Fund (Rs 643 crore) and Kotak Special Situations Fund (Rs 557 crore). T ...Read More >
Duroflex, a prominent name in the Indian mattress industry, is set to take a bold step as it readies for its initial public offering. This strategic move aims to raise capital through a combination of new share issues and offerings from current investors. Mattress maker Duroflex has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO) comprising a fresh issue of shares worth Rs 183.6 crore. Apart from the fresh issue, there is an ...Read More >
New Delhi, Oct 6 (PTI) Eyewear retailer Lenskart Solutions Ltd, home and furnishings company Wakefit Innovations Ltd and four other companies have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the market regulator showed on Monday. Tenneco Clean Air India, Waterways Leisure Tourism, the operator of Cordelia Cruises; Shree Ram Twistex and Lamtuf are among the companies that have received regulatory approval. The six companies, which filed their p ...Read More >
New Delhi, Oct 1 (PTI) Six companies, including Vedanta Group firm Sterlite Electric, Rays Power Infra and Augmont Enterprises, have filed preliminary papers with markets regulator Sebi to raise funds through initial public offerings (IPOs). Rotomag Enertec, Oswal Cables and Pride Hotels have also approached Sebi with their respective draft papers. All six proposed issues will be a mix of fresh issues of equity shares and an offer for sale (OFS), according to their draft red herring prospectus ...Read More >
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, ...Read More >
Bengaluru - Indo MIM Limited, world's largest manufacturer of precision engineering components using metal injection molding (MIM) technology (as per a F&S report) has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds through an initial public offering (IPO). According to the DRHP, the proposed IPO of the Bengaluru-headquartered company combines a fresh issue of equity shares aggregating up to Rs. 1,000 crore with an offer for sale (OFS) of up to 1 ...Read More >
WeWork India IPO: WeWork India, a flexible workspace solution in India, has set the price band for its maiden public issue in the range of ₹615 to ₹648 per equity share. The mainline offering comprises an offer for sale (OFS) of 46.3 million equity shares aggregating to ₹3,000 crore. There is no fresh issue component. According to the red herring prospectus (RHP), the company has reserved at least 75 per cent of the issue for qualified institutional buyers (QIBs), not more than 15 per cent for ...Read More >
Mumbai, Sep 28 (SocialNews.XYZ) Spirit maker Alcobrew Distilleries India Limited has reported a slight decline in revenue from operations in FY2025, down 1.52 per cent to Rs 1,615 crore from Rs 1,640 crore in FY2024, according to the draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI). Despite the revenue dip, the company's profit after tax (PAT) grew to Rs 69.45 crore in FY2025, up from Rs 62.55 crore in the previous year. Alcobrew has filed the dr ...Read More >
New Delhi, Sep 26 (PTI) Agrochemical company Parijat Industries (India) Ltd has filed draft papers with market regulator Sebi to mobilise funds through an initial public offering (IPO). The IPO comprises a fresh issue of shares worth Rs 160 crore and an offer for sale (OFS) of 2.04 crore shares by promoters and other existing shareholders, according to the draft red herring prospectus (DRHP) filed on Thursday. Proceeds from the fresh issuance worth Rs 121.6 crore will be utilised for the payme ...Read More >
The initial public offering (IPO) of Anand Rathi Share & Stock Brokers Ltd., which opened for subscription on Tuesday, September 23, concluded its subscription process on September 25. The IPO was booked 20.66 times on Thursday. Investors bid for 27,60,82,128 shares against the 1,33,63,342 on offer. Amid the buzz, the unlisted shares have been trading at a premium in the grey market (GMP), suggesting potential listing gains for investors. As the allotment status for Anand Rathi Share IPO gets ...Read More >
New Delhi, Aug 28 (PTI) Wastewater treatment solution provider SFC Environmental Technologies has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The company's proposed IPO is a combination of a fresh issue of shares worth Rs 150 crore and an offer-for-sale (OFS) of 1.23 crore shares by promoters and existing shareholders, according to the draft red herring prospectus. Proceeds from a fresh issuance worth Rs 47. ...Read More >
Fractal Analytics, India's first AI unicorn, has filed for an IPO in Mumbai, potentially valuing the company at over $3.5 billion. The IPO aims to raise approximately $560 million, with existing investors selling a significant portion of their shares. Fractal intends to capitalize on the growing investor interest in AI and India's increasing adoption of consumer technologies. Fractal Analytics, a provider of artificial intelligence and analytics services, filed for an initial public offering in ...Read More >
India's oldest asset reconstruction company (ARC) wants to go public. Asset Reconstruction Co. (India) Ltd (ARCIL) filed its draft prospectus on 1 August, with four of its shareholders -- Avenue India Resurgence Pte. Ltd, State Bank of India, Lathe Investment Pte Ltd, and The Federal Bank Ltd -- looking to sell up to 105.46 million shares. If approved, it will become India's first listed ARC. Mint takes a look at the draft red herring prospectus (DRHP) to assess the state of India's ARCs -- on ...Read More >
New Delhi, Jul 20 (PTI) Coworking firm Indiqube Spaces Ltd, which will soon launch an initial public offering (IPO), has posted a net loss of ₹139.61 crore during the last fiscal on higher expenses. The net loss of Indiqube Spaces, which provides managed office spaces to corporates, stood at ₹341.50 crore during the 2023-24 fiscal. Its total income rose to ₹1,102.93 crore in 2024-25 from ₹867.66 crore in the preceding year, according to its red herring prospectus (RHP) filed with Sebi. Indiqu ...Read More >
AceVector, the parent company of Snapdeal, plans to launch an IPO. The company has submitted draft papers to Sebi. AceVector also operates Unicommerce and Stellar Brands. Unicommerce became a public company in 2024. AceVector has opted for confidential pre-filing. This allows flexibility in IPO plans. Several other companies have also chosen this route. The pre-filing route offers greater flexibility. AceVector, parent company of e-commerce marketplace Snapdeal, has confidentially filed draft p ...Read More >
WeWork India gets the green light from SEBI for its initial public offering. The IPO involves an offer for sale of over 43 million equity shares. Embassy Buildcon LLP and 1 Ariel Way Tenant Limited are the selling shareholders. JM Financial and ICICI Securities are among the book running lead managers. WeWork India Management Limited (WeWork India), one of India's leading flexible workspace operators, has received approval from the Securities and Exchange Board of India (SEBI) for its initial p ...Read More >
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to t ...Read More >
Mumbai, July 15: The Securities and Exchange Board of India (SEBI) has granted final approval to WeWork India Management Ltd to launch its initial public offering (IPO). The flexible workspace provider plans to float a public offer entirely through an Offer for Sale (OFS) of up to 43.75 million equity shares. As per the draft red herring prospectus, promoter Embassy Buildcon LLP will offload 33.46 million shares, while investor 1 Ariel Way Tenant Limited, will sell 10.29 million shares. WeWork I ...Read More >
New Delhi, Jul 11 (PTI) INOX Clean Energy has confidentially filed draft papers with markets regulator Sebi to raise Rs 6,000 crore through an Initial Public Offering (IPO), according to industry sources familiar with the development. This could potentially become the largest Indian IPO in the clean energy and renewables sector. Also Read | BEST Bus Accident: 8 Injured As Speeding Bus Rams Into Stationary Truck in Mumbai's Goregaon (Watch Video). With a proposed equity dilution of over 10 per ...Read More >
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