Alphabet-backed Aye Finance raises Rs 454 crore from major investors ahead of its IPO; Goldman Sachs main investor

Alphabet-backed Aye Finance has raised Rs 454 crore from major investors ahead of its IPO, which opens for public subscription on February 9, lending strong institutional backing to the NBFC, focused on micro-SME lending.The company informed the stock exchanges that it had allotted shares to investors at Rs 129 per share, the top end of […]

Sify Infinit Gets Approval for India’s First Data Center IPO; Sebi is also resolving twelve other public issues

India’s IPO pipeline gained new momentum after capital markets regulator Sebi approved 12 offers, including the proposed issue of Sify Infinit Spaces that will be the country’s first pure-play data center IPO.The most closely watched approval, however, is for Sify Infinit Spaces. The company plans to raise up to Rs 3,700 crore through a combination […]

Gaudium IVF, Sillverton Industries among 7 IPOs approved by Sebi

Capital market regulator Sebi has approved seven IPOs, paving the way for fundraising plans in manufacturing, chemicals, logistics, healthcare, real estate, engineering and precious metals. One of the companies receiving approval is Sillverton Industries, an environmentally friendly paper manufacturer. The company’s IPO includes a fresh issue of Rs 300 crore with an offer for sale […]

Turtlemint Fintech and Yashoda Hospitals among 7 IPOs receive Sebi approval

Seven companies across customer experience services, cables, retail, machinery, fintech, environmental engineering and healthcare have received approval from capital market regulator Sebi to tap the primary market.One of the approved issuers is Fusion CX, a Kolkata-based customer experience services provider. Fusion CX had filed its draft red herring prospectus (DRHP) in May to raise up […]

Excited about the $20 billion pipeline? Vikas Khemani says 80% of upcoming IPOs have poor business quality

India’s record-breaking IPO year is drawing global attention, but one of the country’s prominent market voices says the pipeline quality gap is rapidly widening. Vikas Khemani, founder of Carnelian Capital, said after consulting with investment bankers that barely 5% of companies were worth meeting, and almost none struck the right balance between business fundamentals and […]

The IPOs of Meesho, Aequs and Vidya Wires open this week. GMP indicates a listing gain of up to 35%

Investor sentiment appears optimistic in the gray market as three motherboard IPOs, Meesho, Aequs Limited and Vidya Wires, gear up for listing from December 3 to 5.All three issues call for a notable gray market premium (GMP), which is interpreted by market watchers as an early signal of possible enthusiasm on trading day. According to […]

IPO Calendar: Excelsoft is leading a quiet week as mainboard action wanes, but there are plenty of entries

Next week’s IPO calendar is relatively light, with only two offerings opening on November 19. The motherboard spotlight is firmly on Excelsoft Technologies, while the SMB segment will see the launch of Gallard Steel. Activity has waned after a series of issues, leaving Excelsoft as the only motherboard list investors can closely monitor.As many as […]

IPO calendar: Busy week ahead with PhysicsWallah, Emmvee and Tenneco leading Rs 10,000 crore line-up

The primary market remains a red-hot one, with five IPOs, three in the mainboard and two in the SME segment, opening for subscription between November 11 and 14. Together, these offerings aim to raise more than Rs 10,000 crore, spanning sectors from education and clean energy to automotive technology and pharmaceuticals. Motherboard IPOs 1) PhysicsWallah […]