In stock market parlance, a Sebi observation refers to the formal notice issued by the regulator after reviewing the draft red herring prospectus (DRHP) of a company. It paves the way for companies to raise money from the primary markets.
ICICI Prudential AMC IPO
Mumbai-based ICICI Prudential AMC will be an all-out offer for sale (OFS) with promoter Prudential Corporation Holdings selling 17,652,090 shares, according to the Red Herring Prospectus (RHP) filed by the company.
The company had filed its IPO papers with Sebi on July 8, 2025.
ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential Corporation Holdings Limited, in operation since 1998.In its RHP, the company claims to be the largest asset manager in India in terms of active quarterly average assets under management (QAAUM) of mutual funds, with a market share of 13.3% as of March 31, 2025 (Source: CRISIL Report). As of March 31, 2025, the company’s total mutual fund QAAUM stood at Rs 8,79,410 crore.
The company’s revenue from operations stood at Rs 4,977.3 crore during FY25 against Rs 2,837.4 crore during FY23, while net profit was reported at Rs 2,650.6 crore during FY25 versus Rs 1,515.8 crore during FY23.
ICICI Securities, Citigroup Global Markets India, Morgan Stanley India Company, BofA Securities India, Axis Capital, CLSA India, IIFL Capital Services, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India), SBI Capital Markets, Goldman Sachs (India) Securities, Avendus Capital, BNP Paribas, HDFC Bank, JM Financial, Motilal Investment Advisors, Nuvama Wealth Management and UBS Securities India are the lead managers and KFin Technologies Limited is the registrar of the offer.
Powerica IPO
The public issue of Powerica Limited is a mix of a new share issue and an offer for sale (OFS). In the Rs 1,400 crore IPO, the company will issue new shares worth Rs 700 crore, while an OFS of Rs 700 will be done by promoter shareholders Naresh Oberoi Family Trust and Kabir and Kimaya Family Private Trust.
Powerica is an energy solutions company specializing in diesel generator sets (DG sets) for main and backup use. The company offers a comprehensive range of generator sets with capacities ranging from 7.5 kVA to 10,000 kVA, designed to meet the distinctive demands of various industries and applications.
Annu Projects IPO
The Annu Projects IPO will be an entirely new issue with the company offering up to 2.2 crore shares. The company is promoted by Sanjay Kumar Sarraf and Krishna Ranjan.
Annu Projects is an engineering, procurement and construction (EPC) company engaged in the design, development, implementation, operation and maintenance of essential above-ground and underground utilities for telecom infrastructure, sewerage infrastructure and vertical gas pipelines.
The company facilitates obtaining RoW (Right of Way) from relevant authorities for laying optical fibers for telecom infrastructure or sewage infrastructure or gas pipelines.
The lead manager for the issue is Mefcom Capital Markets Limited, while KFin Technologies Limited is the registrar of the issue.
Technocraft Ventures IPO
Technocraft Ventures IPO consists of a new issue and an OFS. The company will offer up to 9,505,000 shares as new equity, while 2,376,000 shares will be transferred by promoter Kartikey Constructions.
The other promoters are Sanjay Tyagi, Rekha Tyagi, Kartikey Tyagi and Sanjay Tyagi HUF.
Founded on October 21, 1998, Technocraft is a public infrastructure development company that undertakes turnkey engineering, procurement and construction (EPC) projects. The company works across multiple infrastructure sectors, delivering projects primarily for state governments and government agencies in Northern India, including Uttar Pradesh, Uttarakhand, Rajasthan and the National Capital Territory of Delhi.
The services include projects related to water and wastewater infrastructure and roads and highways.
The Book Running Lead Manager (BRLM) is Khambatta Securities, while the registrar of the offering is Bigshare Services Private Limited.
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