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MUMBAI: Two Gujarat-based firms have filed draft red herring prospectuses (DRHP) with Sebi for their IPOs. Surat-based, solar module manufacturer Cosmic PV Power has filed draft papers with Sebi to raise ₹640 crore through an IPO, comprising a ₹540 crore fresh issue and a ₹100 crore OFS. Vadodara-based non-ferrous metal products manufacturer Gujarat Victory Forgings has also filed draft papers with Sebi for an IPO which will comprise a fresh issue of 65 lakh shares and an OFS of 1.32 crore share ...Read More >
Mumbai, Oct 7 (SocialNews.XYZ) Workspace solutions provider WeWork India Management Limited is facing a muted investor response for its Rs 3,000-crore initial public offering (IPO), amid concerns raised by governance advisory firm InGovern Research Services Private over its weak financials, legal troubles involving promoters, and heavy reliance on the WeWork Global brand. According to NSE data, the IPO -- which closes for subscription today -- has been subscribed only 16 per cent while writing ...Read More >
MUMBAI: Despite the market in jitters due to the likelihood of a poor earnings season and the lingering uncertainty on trade tariffs that the US is pushing on all directions with frequently changing goalposts, companies are swamping the IPO market like there is no tomorrow -- as many as 120 companies from diverse sectors--have filed for primary share sales with the watchdog Sebi in the first half of this year worth a whopping Rs 1.6 trillion fundraise plans. The filing of draft red herring pros ...Read More >
Mumbai, July 7 (SocialNews.XYZ) Smartworks Coworking Spaces' losses widened to Rs 63.17 crore in FY25, a rise of Rs 13.22 crore against FY24 losses, the company said in its red herring documents on Monday ahead of its initial public offering (IPO). The co-working space provider's net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. The IPO opens for public subscription on July 10 and concludes on July 14. The price band has been fixed at Rs 387-407, and investors had to bu ...Read More >
New Delhi, Jun 30 (PTI) Eco-friendly paper manufacturer Sillverton Industries has filed draft papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters and promoter group entities, according to the draft red herring prospectus (DRHP) filed on Friday. At present, promoters and promoter group entiti ...Read More >
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