Lofty valuations are drawing companies to initial public offerings as equities in the country trade at a premium to most markets, said Claire Suddens-Spiers, vice chair of global markets solutions at Rothschild
The company, backed by marquee investors such as SoftBank, TPG, and Kedaara Capital, has witnessed strong pre-IPO activity - including investments from SBI Mutual Fund and Radhakishan Damani
Early backers hit jackpot, late entrants hit turbulence as Pine Labs prices offering below grey-market peak.
Pine Labs IPO: The public issue includes a fresh issue worth Rs 2,080 crore and an offer-for-sale of 8.23 crore shares by existing shareholders.
In the mainboard segment, Orkla India will make its market debut on November 6, followed by Studds Accessories on November 7 and Lenskart Solutions on November 10.
Due to the weekend on November 1 and 2, the allotment process was pushed to today. The basis of allotment will be released by Kfin Technologies, the official registrar for the IPO.
'Looking at the scale of our expansion, we are hoping to go public by 2027-end,' Vikram Handa, MD, Epsilon Carbon told Moneycontrol
The company will use funds for investment in its subsidiaries such as Qwikcilver Singapore, Pine Payment Solutions, Malaysia, and Pine Labs UAE for expanding the presence outside the country
Shadowfax IPO | The company proposed to issue fresh shares worth Rs 1,000 crore, while investors and others will be selling their shares worth Rs 1,000 crore via offer-for-sale.
Tenneco Clean Air IPO | The company has filed the draft document with the SEBI for its Rs 3,000-crore IPO on June 30 this year, while the capital markets regulator approved the said public issue on October 03.
Safecure Services IPO | The company is raising Rs 30.6 crore via initial public offering (IPO) of 30 lakh shares at Rs 102 per share.
Curis Lifesciences IPO | The company aims to raise Rs 27.52 crore via public issue of 21.5 lakh shares at the upper price band. This is purely a fresh issue by the company with no offer-for sale component.
Global PMI data indicate stabilising manufacturing and strong services momentum, while India’s factory activity remains robust. The BoE is expected to hold rates steady, and India’s forex reserves continue rising
Groww shares are scheduled to be listed on November 12.
The initial public offering (IPO) will open for subscription on November 6 and close on November 10. Bidding for anchor investors will open for a day on November 4, Finbud Financial Services said in a statement.
Lenskart IPO open: The decent GMP despite elevated valuations indicates that the market is looking at it more as a technology company which can scale rapidly, said one analyst.
Lenskart’s shares were quoting with a grey market premium of 18% over the IPO price, as the Rs 7,278-crore issue opened for subscription.
Studds Accessories IPO GMP: The company launched its IPO to raise Rs 455.59 crore entirely through an OFS of shares by promoters and other selling shareholders at a price band of Rs 557-585 per share.
Orkla India IPO GMP: Non Institutional Investors (NII) have booked the portion kept for them 54.42 times.
Lenskart IPO GMP: At a price band of Rs 382-402 per share, the company seeks a valuation of around Rs 70,000 crore.
A sharp pause follows months of heavy action in the SME lane, as timelines reset and issuers regroup after September’s listing frenzy.
Lenskart IPO shares are expected to be allotted to investors by November 6, while the listing is scheduled to take place on both NSE and BSE on November 10.
October’s tally surpassed the previous record set in October 2024, when 6 IPOs raised Rs 38,690 crore. The third-highest month remains November 2021, which saw 9 IPOs raising Rs 35,665 crore, followed by November 2024 with 8 IPOs raising Rs 31,145 crore
Lenskart will not receive any proceeds from the Offer for Sale
Lenskart Solutions IPO | The Gurugram-based eyewear products company is issuing fresh shares worth Rs 2,150 crore, while promoters and investors will be selling 12.75 crore shares worth Rs 5,128 crore via offer-for-sale route.