IPO | Page 4

PhysicsWallah aims to invest INR 234.37 crore in Vidyapeeth, INR 49.89 crore in Pathshala, and INR 176.29 crore in Other Centers, targeting JEE, NEET, defence, government, and vocational courses.

Founded in 2021, Zelio has an installed annual capacity of 72,000 units. Its portfolio includes a range of electric scooters and three-wheelers distributed through a network of more than 280 dealers across more than 20 states and union territories.

IPO will open for subscription on September 23 and close on September 25.

The offer will close on Tuesday, September 30, 2025.

The INR 1,900-crore issue drew bids for 6,22.05 crore shares against an offer of 10.67 crore shares, according to NSE data. The portion reserved for non-institutional investors was subscribed 65.43 times, while Qualified Institutional Buyers (QIBs) bid 62.99 times.

The proceeds from the issue will be used to upgrade IT infrastructure, enhance leadership strength, and improve brand visibility.

The much-anticipated Urban Company IPO opened today and was fully subscribed within just two hours. South Korean giant LG Electronics is preparing to launch the IPO of its Indian arm in October 2025, and SEBI is accelerating approvals for IPOs.

PhysicsWallah (PW) has also expanded its offerings beyond school entrance preparation to postgraduate exams, civil services coaching, and skill development programmes.

The issue will open on September 10 and close on September 12, with shares to be listed on both the BSE and NSE.

Tata Capital is aiming to raise INR 17,000 crore through its upcoming public issue, as per its updated draft red herring prospectus (UDRHP), while hospitality major OYO is expected to file its Draft Red Herring Prospectus (DRHP) in November, with a target valuation of USD 7-8 billion, according to sources cited by PTI.

Among the slate of highly anticipated pre-IPO unicorns—Figma, CoreWeave, Dexterity, Pony.ai, and Linqto—one name stands apart, largely because almost no one outside of deep-pocketed insiders had even heard of it until recently: World TradeX.

The Indian IPO market is on an uptick mainly due to positive sentiment, strengthened by expectations of reform announcements ahead of Diwali, reinforcing the ongoing relief rally, with analysts highlighting that the market's gap-up opening earlier in the week signaled strong investor confidence in the uptrend.

OnEMI Technology aims to allocate INR 750 crore from its fresh issue to strengthen subsidiary Si Creva's capital base and may also explore an INR 200 crore pre-IPO placement.

The Initial Public Offering (IPO) will consist of a fresh issue of equity shares aggregating up to INR 12,793 million and an Offer for Sale (OFS) of equity shares aggregating up to INR 36,207 million.

JSW Cement IPO allotment on August 12, listing scheduled for August 14, while NSDL Shares deliver 78 per cent IPO Returns; stock extends winning streak.

NSDL has now become the second depository services provider to be listed on Indian exchanges, following Central Depository Services Ltd. (CDSL), which has been publicly traded since 2017.

Tata Sons-backed Tata Capital has filed draft papers with the Securities and Exchange Board of India (SEBI) for its highly anticipated initial public offering (IPO), marking a significant step towards meeting regulatory obligations and future growth.

Aditya Infotech's INR 1,300 crore IPO saw exceptional demand with over 100x subscription, while NSDL's INR 4,011 crore issue clocked 25.68x bids by Day 2, driven by strong QIB and NII participation. Laxmi India Finance closed with a modest 1.85x subscription, led by retail investors and long-term interest.

The eyewear retailer will use IPO proceeds for new store openings, lease and license payments, technology and cloud upgrades, marketing, potential acquisitions, and general corporate expenses to expand operations and strengthen its presence across India.

Laxmi India Finance, NSDL, and Aditya Infotech are launching their IPOs in the last week of July 2025, collectively aiming to raise over ₹5,500 crore. While Laxmi India Finance and Aditya Infotech will use proceeds for business growth and debt repayment, NSDL's issue is a pure offer for sale.

The INR 700 crore initial public offering received bids for more than 5.37 crore shares against an offer size of 1.71 crore shares, as per data available on the NSE.