IPO | Page 3

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.

In consultation with its book-running lead managers, Sify Infinit Spaces may also consider a pre-IPO placement of up to INR 500 crore before filing the Red Herring Prospectus.

LG Electronics' INR 11,607-crore initial public offering (IPO) of LG Electronics, which opened on October 7, is set to close today, October 9. The grey market premium (GMP) for Tata Capital has seen a notable decline.

The public issue will include a fresh equity sale worth INR 468.2 crore and an offer for sale of 5.84 crore shares by promoters and existing investors.

The DRHP identifies SoftBank as its largest external investor with a 15.04 percent holding, followed by the Abu Dhabi Investment Authority with 12.45 percent.

The company, which filed its draft papers in June, plans to deploy the proceeds to strengthen its cloud infrastructure and expand research and development capabilities.

The IPO opened on September 26 with a price band of INR 96 to INR 101 per share and a lot size of 1,200 shares.

Moderated by Punita Sabharwal, Managing Editor of Entrepreneur Media India, the conversation featured Arun Chittilappilly, Executive Chairman and Managing Director of Wonderla Holidays Ltd., and Harsh Binani, Co-Founder and Executive Director of Smartworks.

The company aims to raise INR 10.08 crore through fresh issue of 14 lakh shares.

The company's shares, which once traded at INR 1,075 in the grey market in early June, have slipped around 32 per cent in recent weeks amid heightened market volatility, sector-wide weakness, and the July 2025 rights issue.

The IPO opened on September 25, 2025, and will close on September 29, 2025, with shares expected to be listed on the BSE SME platform on October 3, 2025.

The subscription window will close on October 7, while bidding for anchor investors will open for one day on October 1.

The issue is scheduled to open on September 29, 2025, and close on October 1, 2025, with a proposed listing date of October 7, 2025.

Proceeds from the fresh issue are intended to fund the expansion of Curefoods' network of cloud kitchens, restaurants, kiosks, and central kitchens.