BUSINESS
Get set for India's biggest ever IPO as Sebi greenlights Hyundai Motor Co's issue of around $3 bn; launch likely in October
If the listing plans fructify, this deal, a pure OFS or offer for sale by the promoter, would be India Inc's biggest-ever IPO and beat the earlier record set by state-owned LIC's $2.7 bn listing in 2022
BUSINESS
Swiggy's confidential filing for IPO gets Sebi nod, launch likely in November
Under the confidential filing route, this nod will be followed by the filing of two updated DRHPs. Only then will the RHP (red herring prospectus) be filed and the IPO launch planned, sources added
BUSINESS
Fund raise done, edtech unicorn PhysicsWallah calls i-banks for IPO pitches next week; aims for 2025 listing
On September 20, PhysicsWallah raised $210 million valuing it at $2.8 bn. The capital raise, led by Hornbill Capital, saw participation from Lightspeed Venture Partners, as well as existing investors WestBridge Capital and GSV Ventures
BUSINESS
EQT and ChrysCapital-promoted HDFC Credila picks 5 i-banks for mega Rs 5,000 cr plus IPO
HDFC Credila is not the only education loans financier looking to tap the public markets. In June, Avanse Financial Services filed draft papers to raise Rs 3,500 crore
BUSINESS
Leela Palaces to file for Rs 5,000-cr IPO soon; biggest ever in hotel segment
The mega IPO of the luxury hotel chain, which is promoted by Brookfield Asset Management, has a syndicate of as many as 11 investment banks. In March 2019, Brookfield acquired four of Leela’s assets in Delhi, Bangalore, Udaipur and Chennai from JM Financial ARC
BUSINESS
ChrysCapital sells its stake in GeBBS Healthcare to EQT
The deal offers great market opportunity to offshore vendors such as GeBBS with a broad portfolio of solutions to witness significant tailwinds, driven by cost pressures and lack of talent onshore
BUSINESS
HDB Financial Services picks Jefferies, JM Financial, Morgan Stanley & Nomura and kicks-off mega IPO
Law firm Cyril Amarchand Mangaldas has been roped in as the company counsel, according to sources. On July 20, 2024, the board of directors of HDFC Bank provided an in-principle approval to initiate the process of listing of the NBFC
BUSINESS
Carlyle-promoted Hexaware files for Rs 9,950 cr IPO, India's biggest in IT services and enterprise tech space
Carlyle acquired Hexaware in 2021 from Baring Private Equity Asia (now EQT) for around $3 billion. The earlier promoter Baring Private Equity Asia had delisted the firm in 2020.
BUSINESS
Indigo Paints: Peak XV Partners block deal upsized to around Rs 1,550 cr; sells 22% stake
Post the upsized block deal, Peak XV Partners will hold onto the balance stake of around 3.23 percent, sources said
BUSINESS
Peak XV Partners launches Rs 750-Rs 800 cr block deal to sell part stake in Indigo Paints
Floor price of the block deal is Rs 1,470/share, a discount of 4.6 percent to the closing price of Indigo Paints on September 5, one source told Moneycontrol
BUSINESS
Race for ChrysCapital-owned GeBBS Healthcare: EQT edges ahead of Hillhouse in final lap
On August 25, Moneycontrol was the first to report that EQT and Hillhouse Investment were the two lead contenders in the final round of the deal.
MARKETS
Bajaj Housing Finance IPO to open between September 9-11; to raise Rs 6,560 crore
The price band will be issued on September 3 while the anchor portion will be on September 6, according to the RHP filing.
BUSINESS
Tiger Global & Accel-backed Infra.Market picks 8 i-bankers for mega $500 million plus IPO
Infra.Market subsidiary RDC Concrete, which divested 10 percent of its stake worth around $20 million in RDC Concrete to Ashish Kacholia and other investors in 2023, is also planning to make its public market debut in January 2025.
BUSINESS
Prestige Estates Projects may launch Rs 5,000 crore QIP soon
On June 24, Moneycontrol had reported that the firm picked Kotak Mahindra Capital, JP Morgan, JM Financial and CLSA as advisors for the capital raise. The report had added that a deal launch was likely in July-August this year.
BUSINESS
EQT & Hillhouse seen as frontrunners as sale of ChrysCapital owned GeBBS Healthcare enters final lap
The transaction is likely to value GeBBS Healthcare at around $800 mn. Earlier reports have named private equity firms Caryle and CVC Capital as other interested parties in the deal
BUSINESS
Advent explores dual-track exit for Manjushree Technopack, eyeing IPO, sale to PE firms
On December 1, Moneycontrol first reported that Advent was evaluating both options, a public float and a sale, to unlock value in Manjushree Technopack
BUSINESS
Ambuja Cements block deal: Promoters Adani Group to sell part stake worth $500 mn
The floor price for the block deal is Rs 600 per share, a 5 percent discount to the last closing price
BUSINESS
DAM Capital to file for IPO shortly, India's first ever by a pure play boutique i-bank
The firm was set up by Dharmesh Mehta in November 2019. Mehta was earlier the MD & CEO of Axis Capital and has more than three decades of experience in capital markets
BUSINESS
Theobroma stake sale: Switz Group, Kedaara Capital, Carlyle, ChrysCapital seek a big bite
On March 8, Moneycontrol reported that key investor ICICI Venture and the promoters of Theobroma had appointed Arpwood Capital to explore the sale of a controlling stake at a targeted valuation around Rs 3,500 crore
BUSINESS
Bajaj Housing Finance targets valuation of Rs 56k cr-Rs 59k cr for IPO; may trim issue size and launch in September
Moneycontrol was the first to report the firm's listing plans on March 27. The move marks the return of the Bajaj Group to the public markets after several years
BUSINESS
JSW Cement may file draft papers for Rs 4,000-crore IPO soon
JSW Cement has raised up to Rs. 1,500 crore from private equity investors, Apollo Global Management Inc. (through its managed funds) and Synergy Metals Investments Holding, in July 2021
BUSINESS
Ola Electric IPO's anchor book likely on August 1; issue may launch between August 2-6 for public
As per the proposed timeline, the listing of the firm, which is set to become the first-ever Indian EV two-wheeler to drive into Dalal Street, is likely on August 9, sources added.
BUSINESS
Mega sale of Advent-backed Bharat Serums: Mankind Pharma emerges as likely front-runner
Moneycontrol was the first to report the sale plan of Bharat Serums on December 2. Later, on July 3, Moneycontrol was also the first to report that Mankind Pharma & the EQT-ADIA combine were the key suitors for the buyout.
BUSINESS
Ola Electric's $740 mn IPO likely in August, targeting $4-4.25 billion valuation
The proposed listing, first ever by an Indian EV two-wheeler maker, would be a landmark moment for India's auto sector and may encourage value unlocking among peers.
