IPO | Page 2

Despite the company boasting a strong market presence, with technology-backed manufacturing and fulfillment facilities in full swing, the muted company listing did not come as a surprise for many market experts, who had earlier expressed concerns over over-valuation and leaving little room for listing gains.

The company aims to raise between INR 4,000 crore and INR 5,500 crore through a mix of fresh issue and offer for sale.

According to a public filing, Think Investments acquired 1.07 crore equity shares from 14 employees of PhysicsWallah for INR 127 per share.

The Lenskart IPO allotment was finalised on November 6. The offering was open for subscription between October 31 to November 4, closed at 28.26 per cent subscription. The Groww IPO has entered its Day 3 of subscription, with the IPO closing today.

The public issue will open for subscription on November 11 and close on November 13.

Shiprocket had pre-filed its draft red herring prospectus confidentially in May this year.

Existing investors such as PayPal, Mastercard, Actis Pine Labs Investment Holdings, and Peak XV Partners are set to offload their shares in the OFS, along with Pine Labs co-founder Lokvir Kapoor.

The company has stated that it will utilize the IPO's net proceeds towards capital expenditure requirements related to its network infrastructure, funding of lease payments for new first-mile, last-mile, and sorting centers, as well as towards branding, marketing, and communication initiatives, potential inorganic acquisitions, and general corporate purposes.

Eyewear manufacturer Lenskart's INR 7,278 crore initial public offering (IPO), has been booked 1.13x so far, with retail investors dominating on Day 1. The issue will close on November 4. Orkla India, the entity behind food brands such as MTR and Eastern, has ended its day 3 with its issue subscribed 48.47x so far.

The issue will open for public subscription on November 6 and close on November 10, 2025.

The company, backed by Premji Invest, allotted 8.13 crore equity shares at INR 402 per share, which is the upper end of the price band.

The deal precedes Lenskart's IPO, which is scheduled to open on Friday, October 31, 2025.

The firm has a diverse portfolio across education, financial services, and technology, including names such as Fractal Analytics, People Home Finance, RBL Bank, TeamLease, Lighthouse Learning, Avendus, Educational Initiatives, LeadSquared, and Signzy.

The company's IPO is set to open on Friday, October 31, 2025. The price band is fixed at INR 382-402 at face value INR 2 each.

Industry insiders expect the next 12-24 months to see a handful of listings from established players in higher education, skilling, and professional upskilling segments

The subscription for anchor investors will open a day earlier, on October 30.

According to the reports, Iron Pillar PCC is the largest investor exiting through the IPO, planning to sell 1.91 crore shares and expected to achieve an exit value about 2.6 times higher than Accel and Chiratae.

Bengaluru-based logistics startup Shadowfax Technologies has secured approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO). The Indian arm of South Korea's LG made a blockbuster debut on stock exchanges, lifting its parent company's stock and prompting analysts to raise target prices.

Elevation Capital and Peak XV will lead the secondary sale, offering 5.54 crore and 3 crore shares respectively, while investors like Prosus and SoftBank, which hold 12.34% and 9.31% stakes, will retain their shares.

If the IPO materialises, it could become the largest fund-raising by a solar PV module manufacturer in India.

The approval follows nearly three months after the company filed its draft red herring prospectus through the confidential route.