News

Bagmane REIT is said to seek $3.9 billion valuation in India IPO

IDiscussions are ongoing and details such as the size and timing of the share sale could change, the people said. A spokesperson for Bagmane REIT didn’t respond to a request for comment.

Shree Ram Twistex IPO Day 3: Oversubscribed 12x; GMP jumps to 17%. Check key details

Shree Ram Twistex's IPO has seen overwhelming investor interest, being oversubscribed 12 times. Non-Institutional Investors and retail participants showed significant demand. The company plans to use the funds for renewable energy projects and debt repayment. Share allotment is expected soon, with a tentative listing on March 2.

Mobilise App SME IPO Day 3: Check GMP, subscription status and key details

Mobilise App Lab’s Rs 20.10 crore SME IPO has drawn strong investor interest, with 12x subscription by Day 2 and a grey market premium of Rs 8 signaling a potential Rs 88 listing. The SaaS company aims to fund product development, expansion, and talent acquisition as it prepares to debut on NSE Emerge.

PNGS Reva Diamond Jewellery IPO Day 2: Subscribed 96%, GMP, brokerages’ views & key details

PNGS Reva Diamond Jewellery's IPO saw 96% subscription on its second day, driven by QIBs, with modest listing gains of around 1% expected. The company plans to use IPO proceeds for aggressive store expansion, aiming to leverage its strong margins and promoter legacy despite regional concentration risks and competition.

Clean Max Enviro Energy IPO Day 3: Subscribed 92%, GMP, brokerage outlook and key highlights

Clean Max Enviro Energy Solutions' IPO saw 92% subscription on its final day, driven by strong QIB demand despite subdued retail interest. The grey market premium suggests modest listing gains. The company, India's largest renewable energy provider for C&I segments, aims to use IPO proceeds for debt reduction.

Mukul Agrawal, Sunil Singhania-backed Yaap Digital IPO opens today. Check GMP and other details

Yaap Digital's Rs 80.11 crore IPO opens today, with a price band of Rs 138-145 per share. Backed by prominent investors Mukul Agrawal and Sunil Singhania, the company aims to fund acquisitions and expand its AI-driven marketing services. The issue closes on February 27, with listing on NSE SME platform scheduled for March 5.

Omnitech Engineering IPO opens for subscription. Check brokerages review, GMP and other details

Omnitech Engineering's IPO is now open for subscription. The precision engineering firm plans to raise Rs 583 crore. The issue closes on February 27. Shares are priced between Rs 216 and Rs 227. The company aims for a listing on BSE and NSE. Grey market premium suggests a mild listing pop. Financial performance shows strong growth.

Can Omnitech IPO deliver long-term growth for investors?

Omnitech Engineering plans to raise ₹418 crore via a fresh issue and ₹165 crore through an offer for sale to fund new facilities and repay debt. Despite a loyal customer base and strong export revenue, the company faces geographical and tariff risks, a longer working capital cycle, and negative operating cash flow in FY25, prompting investor caution.

Mainboard transition proves challenging as SMEs face stricter norms

India's SME stock platforms, designed as a launchpad to the mainboard, are seeing a significant slowdown in company migrations. Stricter listing norms and increased tenure requirements implemented by exchanges have effectively filtered out smaller players, leading to a sharp decline in the number of companies successfully transitioning to the mainboard in recent years.

Absolut Vodka maker Pernod Ricard considers listing India business: Report

French drinks maker Pernod Ricard is exploring a separate listing for its Indian business. The company is in preliminary talks with advisors about the move. Pernod Ricard is a major player in India's alcohol market. This development comes amid ongoing antitrust cases and alleged liquor regulation violations in India. The company denies any wrongdoing.

SBI Funds Management IPO: India’s top asset manager said to file papers for $1.5 billion issue in March

SBI Funds Management Ltd., India’s largest asset manager, may file draft papers in early March for an IPO that could raise up to $1.5 billion, according to people familiar with the matter. The offering could value the firm at about $15 billion, slightly below ICICI Prudential Asset Management Co.’s $16.7 billion valuation after its recent listing.

Sify Infinit is said to seek $4.2 billion valuation in India IPO

Sify Infinit’s offering will comprise a fresh issue of shares worth 25 billion rupees and a secondary sale of about 12 billion rupees, according to its draft prospectus.

Adani Properties to Tata Electronics: Top 10 unlisted gems that are showing IPO readiness with up to 1,652% revenue growth

India's unlisted giants are poised for public markets. A new ranking highlights 100 companies with strong revenue and growth. Reliance Retail and Flipkart lead this group of future IPO contenders. These firms show significant financial performance and scaling strategies. This list reveals the next wave of major Indian businesses preparing for stock exchanges.

Government aims to raise Rs 1.79 lakh crore from IPOs of state-run firms by 2030

India is set to raise a significant 1.79 trillion rupees from IPOs of state-run firms by 2030, part of a larger $183.7 billion asset monetisation drive. Key sectors like railways, power, petroleum, aviation, and coal will see stake sales. This initiative aims to boost government revenue and streamline operations across vital public enterprises.

Gaudium IVF IPO Day 3: Subscribed over 4 times, check GMP trend, broker views and key details

Gaudium IVF's Rs 165 crore IPO saw strong demand, subscribed 4.09 times by its final day, driven by Non-Institutional and Retail Investors. Despite a slight dip in grey market premium to 6.33%, the company's expansion plans and improving financials in the growing fertility sector are attracting investor interest. Analysts suggest a 'Subscribe' rating, noting its unique market position.

PNGS Reva Diamond IPO opens for bidding. Check brokerage review, GMP and other details

PNGS Reva Diamond Jewellery's Rs 380 crore IPO is now open. The company plans to expand its store network. Financials show revenue and profit growth. Brokerage views are mixed, with some recommending a 'Subscribe' and others an 'Avoid'. Investors should consider risks like regional concentration and competition. The IPO aims for significant store expansion.

Accord Transformer IPO gets strong response so far. Check GMP and other details

Accord Transformer and Switchgear's SME IPO saw a robust start, subscribed 10.55 times on Day 1 with strong retail and NII participation. The Rs 25.59 crore issue, priced between Rs 43-46, closes on February 25. Grey market signals indicate a potential listing premium of around Rs 13 per share.

Gaudium IVF IPO GMP Live Updates: Check GMP, Subscription Status, Price Band, Allotment and Listing date

PNGS Reva Diamond IPO GMP Live Updates: Check What GMP shows about IPO's Listing Gains; Price Band, Subscription Status and Other Details

IPO-bound Kissht's NBFC arm gets Crisil Rating upgrade on strong growth

Digital lending platform Kissht, operated by Onemi Technologies, on Tuesday said its NBFC arm Si Creva Capital Services has received a credit rating upgrade from Crisil Ratings, reflecting strong business momentum and a healthy capital position.

First GIFT City IPO set to open in March as XED files RHP to raise $12 million

XED Executive Development is set to launch GIFT City’s first-ever IPO, aiming to raise $12 million through a dollar-denominated listing on NSE IX and India INX. The offering marks a key milestone for IFSC’s global fundraising ambitions as XED plans to accelerate international expansion and deepen academic partnerships

PhonePe IPO at $15 billion: Can the marquee valuation trigger a re-rating for its rival Paytm?

PhonePe’s proposed IPO at a $13–15 billion valuation could become a landmark fintech listing in India and may trigger a valuation re-rating for Paytm, according to Macquarie. The company dominates the UPI ecosystem with about 45% market share, supported by over 657 million registered users and 47 million merchants, staying ahead of rivals like Google Pay and Paytm.

IIT professor's entrepreneurial bet pays Rs 1,000 crore, students too strike IPO riches

An entrepreneurial leap by IIT-Bombay professor Shashikanth Suryanarayanan has turned into a windfall as his stake in Sedemac Mechatronics is valued at nearly Rs 1,000 crore ahead of its IPO. Former students-turned-cofounders are also set to reap significant gains as the deeptech firm heads to the market.

NSE is said to invite banks to pitch for nearly Rs 23,000 crore IPO

National Stock Exchange of India Ltd. has invited banks to pitch for roles in its long-delayed IPO, signalling fresh momentum for one of India’s biggest potential listings. The exchange, guided by Rothschild & Co., is moving to appoint advisers as it revives plans stalled by regulatory hurdles.

PNGS Reva Diamond Jewellery IPO Day 3: GMP, subscription status, broker views and key details

PNGS Reva Diamond Jewellery’s Rs 380 crore IPO enters its final day with 83% subscription and zero GMP, signalling muted listing expectations. While strong financials and margins support long-term prospects, brokerages remain divided, citing valuation concerns, regional concentration risks, and competitive pressures in the evolving jewellery market.

Deeptech IIT startup Sedemac Mechatronics announces IPO dates and price band. Check all details here

Sedemac Mechatronics, a deeptech firm born from IIT Bombay, has set its IPO price band at Rs 1,287–1,352 per share for its Rs 1,087 crore offer. The IPO, entirely an offer for sale, opens March 4 and closes March 6, with listing expected on March 11.

Omnitech Engineering IPO Day 2: Check GMP, subscription status, and broker views

The Rs 583 crore IPO of Omnitech Engineering entered Day 2 with modest demand, reaching 8% subscription on Day 1. GMP near 2% signals limited listing upside, while institutional interest remains relatively stronger. Valuations appear premium but reasonable versus peers, suiting long-term, growth-focused investors.

Striders Impex IPO opens today. Check GMP, price band and other details

Striders Impex launches its IPO on February 26, aiming to raise Rs 36.28 crore. The company operates in the toys and kids' merchandise sector. Shares will be listed on the NSE Emerge platform. The IPO includes a fresh issue and an offer for sale. Funds will support expansion and loan repayment.

Clean Max Enviro IPO allotment today: How to check status, GMP ahead of listing

Clean Max Enviro Energy Solutions IPO allotment is set for February 26. The public issue saw muted demand overall, though institutional investors showed strong interest. Retail and non-institutional investor participation was weak. The grey market premium is currently negative. Shares are scheduled to list on March 2. Listing performance will depend on institutional participation and market conditions.

Shree Ram Twistex IPO allotment to be finalised today. Check status online, GMP and other details

Shree Ram Twistex IPO, subscribed 43.66 times, is set to finalize allotment today. Despite strong investor demand, especially from retail and NII segments, the grey market premium is negative, indicating potential listing concerns. The company plans to utilize IPO funds for renewable energy projects and debt repayment.

Gaudium IVF raises Rs 49 crore in anchor round ahead of IPO opening tomorrow. Check key investors

Gaudium IVF and Women Health raised Rs 49.5 crore from anchor investors at the upper price band before its Rs 165 crore IPO opening. Proceeds will fund IVF centre expansion, debt repayment and corporate needs, with the issue comprising fresh equity and offer for sale.

MSEDCL to get leaner before IPO, demerge agri biz by April; aims listing by end-2026

Maharashtra State Electricity Distribution Company plans a major restructuring. The agriculture business will be separated by April. This move precedes a planned Initial Public Offering by December. The company aims to reduce its debt significantly. This will strengthen its financial position for the listing. The company is also shifting towards renewable energy sources.

Pernod has no plans for now to list India unit, CEO says

​Pernod Ricard ​has nothing new on the ‌horizon ⁠in ⁠terms ​of an initial public offering ​of its Indian ​unit ⁠and this ‌is ​one ​of ⁠a long list ​of options the company ​reviews annually, CEO Alexandre ‌Ricard told Reuters following ​reports ​the ⁠company was mulling a listing.

Mainboard IPO: Omnitech Engineering to launch Rs 583 crore offer next week. Check dates and other details

Omnitech Engineering, a Gujarat-based precision components maker, has filed its RHP for a Rs 583 crore IPO comprising a Rs 418 crore fresh issue and a Rs 165 crore offer for sale by promoter Udaykumar Arunkumar Parekh. The issue will be offered via the book-building route, with up to 50% reserved for QIBs and anchor bidding opening on February 24, followed by the main offer from February 25–27.

From 320% multibagger to 44% underperformer, how Mukul Agrawal’s 2025-26 IPO bets are playing out

Ace investor Mukul Agrawal's 2025-26 IPO investments reveal a bold investment strategy. Several small and medium enterprise listings delivered massive returns, turning into multibaggers. However, some mainboard and SME stocks also experienced significant drops. His portfolio highlights the general trends in newly listed companies without digging deeper into the reasons of gains or declines.

Steel IPO wave: 10 firms eye Rs 7,000 crore fundraise over next 10 months

India's steel sector is gearing up for significant primary market activity. Over the next eight to ten months, at least ten steel producers and related firms plan to raise ₹5,000 to ₹7,000 crore through IPOs. This move is driven by improving demand and supportive government policies. Companies aim to expand capacity and enhance their financial standing.

CleanMax Enviro IPO opens for subscription on Monday. Here's what GMP indicates

Clean Max Enviro Energy Solutions’ Rs 3,100 crore IPO opens on Monday with a muted grey market premium of 0.4%, signalling flat listing expectations. The issue comprises a Rs 1,200 crore fresh issue and Rs 1,900 crore OFS. Proceeds will largely repay debt. Despite strong capacity growth, high borrowings and modest GMP temper near-term listing gains hopes.

CleanMax IPO: Temasek, Tata Investment among others invest in Rs 921 crore anchor round

CleanMax raised Rs 921 crore from anchor investors ahead of its Rs 3,100 crore IPO, drawing strong participation from global names like Temasek Holdings and domestic institutions. The robust anchor response underscores rising investor interest in commercial and industrial clean-energy platforms.

Rs 4,300 crore IPO rush next week: Clean Max, PNGS Reva among 9 public offers to hit the market

India’s primary market is set for an active week with three mainboard IPOs and six SME issues targeting around Rs 4,300 crore. Led by Clean Max Enviro Energy Solutions, the offerings span renewable energy, jewellery and engineering, testing investor appetite amid selective market conditions and sector-specific interest.

PNGS Reva IPO: Citigroup, Societe Generale back jeweller in Rs 170 crore anchor round

PNGS Reva Diamond Jewellery raised Rs 170.58 crore from anchor investors ahead of its IPO opening on February 24. Global institutions like Citigroup Global Markets Mauritius and Société Générale, along with domestic mutual funds, participated, providing early support for the Rs 380 crore IPO through the book-building route.

IPO-bound PNGS Reva Diamond Jewellery to invest Rs 287 cr to open 15 retail stores

PNGS Reva Diamond Jewellery, which will hit the capital market on Tuesday with its maiden public issue, is planning to invest Rs 287 crore to set up 15 new retail stores to expand its business.

Carlsberg said to begin $700 million IPO process for India unit

Danish brewer Carlsberg is gearing up for a significant move in India. The company is reportedly preparing for a potential listing of its Indian operations. This offering could raise as much as $700 million. Banks have been appointed to advise on the proposed share sale. A filing could happen as early as May.

Shree Ram Twistex IPO Day 1: Retail investors subscribe 82%; check GMP and other details

Shree Ram Twistex's Rs 110 crore IPO opened today. Retail investors showed strong interest, subscribing 82% of their portion. Overall subscription is at 9%. The grey market indicates a 6% premium, suggesting modest listing gains. The IPO closes on February 25, with allotment on February 26 and listing on March 2.

Clean Max Enviro Energy IPO Day 1: Check subscription status, GMP, brokerages’ view & key details

CleanMax Enviro Energy Solutions' Rs 3,100 crore IPO opened today, with 3% subscription on Day 1. The issue, priced between Rs 1,000-1,053, includes a fresh issue and an offer for sale. Analysts suggest limited listing gains but see potential for long-term investors due to strong growth prospects in the renewable energy sector.

Gaudium IVF IPO Day 2: 1.5x subscription, GMP trends, broker insights, and key highlights

Gaudium IVF's IPO is seeing strong demand, with retail and non-institutional investors driving subscriptions to 1.5 times the offer size on its second day. The grey market indicates an 11% premium, suggesting a positive listing. The company aims to expand its IVF centers and repay debt with the IPO proceeds.

Shree Ram Twistex IPO opens for subscription today. Check GMP, price band and other details

Shree Ram Twistex's Rs 110 crore IPO is now open, aiming to raise funds for renewable energy projects and debt repayment. The company, a manufacturer of cotton yarns for various textile applications, reported improved financial performance in FY25. Investors can subscribe until February 25, with a potential listing on March 2.

Kiaasa Retail IPO: GMP among key details to know before subscription

Kiaasa Retail's Rs 70 crore IPO opens Monday, with no immediate listing gains expected. The company, a women's ethnic and fusion wear brand, plans to use IPO proceeds for opening new stores. Kiaasa reported increased income and profit in FY25, operating 113 outlets across India.

Clean Max Enviro IPO opens today: Check GMP, subscription status and what brokerages say

IPO GMP: CleanMax Enviro Energy's Rs 3,100 crore IPO is now open, with a modest grey market premium suggesting limited listing gains. The renewable energy giant, India's largest in its sector, aims to repay debt with IPO funds. Analysts offer mixed views, with some recommending long-term investment due to strong growth prospects.

Can Clean Max IPO deliver long-term growth for high risk investors?

Clean Max Enviro Energy Solutions, India's top renewable energy provider for businesses, is set to raise funds through an IPO. The company aims to repay debt and expand its operations. It serves commercial and industrial clients with solar and wind power. Financials show revenue growth and a recent return to profitability.

Sebi approves 4 IPOs including Integris Medtech, Alpine Texworld and Anjali Labtech

Securities and Exchange Board of India has approved IPOs of Integris Medtech, Alpine Texworld, Anjali Labtech and Appl Containers. Integris plans a Rs 925 crore issue largely for debt repayment, while the others aim to fund expansion and list on NSE and BSE.

Milky Mist on track for 2026 IPO despite market jitters, CEO says

Indian dairy products maker Milky Mist will push ​ahead with its planned ​initial public offering this year despite volatile markets, its ​CEO said, adding the company expects to maintain about 30% annual revenue growth.

Gaudium IVF IPO Day 1: Subscribes 40%, GMP, brokerage views, and key details

Gaudium IVF and Women Health IPO opened with nearly 40% subscription on Day 1, driven by strong retail demand. GMP संकेत moderate listing gains. Brokerages recommend subscribing, citing growth potential in India’s fertility services market, though valuation concerns and a pending tax dispute remain key risks for investors to monitor.

Omnitech Engineering to float Rs 583 cr IPO on Feb 25

Omnitech Engineering has announced its upcoming IPO, aiming to raise Rs 583 crore with a price band of Rs 216-227 per share. The precision component manufacturer's share sale opens February 25, with funds earmarked for debt repayment and expansion. The company, serving global energy and industrial clients, is set to list on March 5.

Manilam Industries IPO: Check GMP, price band, subscription and other details

Manilam Industries India's Rs 40 crore SME IPO opened for subscription on Friday. Investors can bid in the IPO till February 24, with listing scheduled on the NSE SME platform on February 27. The company is engaged in manufacturing decorative laminates and trading plywood. Proceeds will fund capital expenditure, loan repayment, and working capital.

Gaudium IVF IPO opens for bidding: Check brokerage reviews, GMP, price band and other details

Gaudium IVF's Rs 165 crore IPO opened on February 20, with analysts recommending subscription despite a moderate grey market premium. The company plans to use proceeds for new IVF centers and debt repayment. Analysts highlight its unique position in the growing fertility market, improving financials, and expansion plans.