IPO

The offering is expected to be largely a primary issue, meaning most of the funds raised will go directly to the company rather than existing investors.

The Hyderabad-based venture capital firm had written the first institutional cheque into Kissht in June 2017.

The company may also undertake a pre-IPO placement ahead of the public issue.

The IPO, which opened for subscription on April 30, was priced in the range of INR 162 to INR 171 per share.

The anchor round was completed on April 29 at the upper price band of INR 171 per share.

The company has appointed ICICI Securities, Morgan Stanley and Kotak Securities as book-running lead managers for the proposed offering.

The issue will open for subscription on April 30 and close on May 5, while the anchor investor portion is scheduled to open on April 29.

The offering, powered by Republic, marks Bitget’s expansion beyond conventional secondary market trading into primary market access

Garuda Aerospace is expected to submit an updated draft red herring prospectus (DRHP) with more information later in the process.

The development follows Rediff's acquisition by AvenuesAI in 2024.

XED said it had the option to proceed with the listing after crossing the minimum subscription threshold, but chose not to.

Zetwerk is also considering a pre-IPO round of about INR 500 crore at a valuation of USD 3 billion ahead of the listing.

Several global investors, including TPG SG Magazine Pte. Ltd, Seventy Second Investment Company LLC, Ammar Sdn Bhd, Novo Holdings Invest Asia A/S, and Phoenix Bear Investments, LLC, will also offload shares as part of the offering.

The company is expected to merge its Singapore-based holding entity with its Indian unit, Hiveloop Ecommerce, which will become the parent company after the restructuring.

The decision comes at a time of heightened tensions involving Iran, United States and Israel, which have contributed to uncertainty in global markets.

The IPO will include a fresh issue of equity shares worth INR 250 crore and an offer for sale of up to 2.68 crore shares by existing investors.

The company is targeting a stock market listing in India during the financial year ending March 2027.

The funds raised are expected to support capacity expansion, distribution growth, and marketing initiatives.

Fractal’s IPO drew moderate investor demand, eventually closing with a subscription of roughly 2.66-2.81 times the shares on offer.

Shares are set to list on February 16.

India’s startup IPO surge has delivered mixed results, with many listings struggling post-debut, while traditional companies quietly generate steadier investor returns.