IPO | Page 5

India's startup ecosystem is evolving beyond hypergrowth, embracing profitability, premiumization, and omnichannel adoption leveraged by over a 100 unicorns and a booming pipeline of soonicorns, according to Redseer, a strategy consulting company.

The Bengaluru-based fintech leader, which dominates the Unified Payments Interface (UPI) ecosystem, is poised to become the latest tech unicorn to go public.

Lenskart is reportedly planning to raise USD 1 billion and eyeing a USD 10 billion valuation with plans to file draft papers with the market regulator Securities and Exchange Board of India (SEBI) in May this year.

Delivery platform Swiggy's shares continued to dip for the fourth consecutive day, as investors are selling their stock after recognizing the company's higher-than-estimated Q3 EBITDA losses. Swiggy's stock fell 2.5 per cent to INR 379.20 on BSE.

The much-awaited tax relief for the Indian middle class, which exempts individuals earning up to INR 12 lakh, looks set to ensure higher disposable income, leading to investments for the future and increased participation in primary and secondary markets, leading to better capital formation overall.

WeWork India Management Limited (WeWork India), the largest operator in the Indian workspace sector has recently filed its Draft Red Herring Prospectus (DRHP with the market regulator Securities and Exchange Board of India (SEBI).

Several major companies, across various sectors are gearing up for their IPOs, aiming to capitalize on the growing investor appetite in the country.

Cashify currently has about 200 offline stores that also act as customer service points. As part of its expansion plans, it aims to double the number of stores to 400 in the next 2-3 years.

The IPO comprises a fresh issue of equity shares worth INR 600 crore and an offer for sale (OFS) of equity shares aggregating up to INR 2,200 crore by existing shareholders.

Zetwerk has opted to partner with Axis Capital Ltd., Goldman Sachs Group Inc., Jefferies Financial Group Inc., JM Financial Ltd., JPMorgan Chase & Co., and Kotak Mahindra Bank Ltd. as the book-running lead managers (BRLMs) for the IPO.

As per the Draft Red Herring Prospectus (DRHP), JSW Cement plans to allocate INR 800 crore from the fresh issue proceeds to partially finance a new integrated cement facility in Nagaur, Rajasthan.

As part of the findings of the annual roundtable at KMCC, it reported that a majority of the USD 9 billion of the IPOs in the pipeline is poised to come from the financial services sector, adding that it includes the likes of HDB Financial Services, Avanse Financial Services and also Tata Capital.

India's IPO market is set to witness a host of listing activity in 2025, with companies collectively aiming to raise over INR 1.5 lakh crore from public listing.

India has seen a tremendous rise in terms of the number of companies going public in 2024, with new listings through initial public offerings (IPOs) contributing as much as INR 14 trillion or 3 per cent to the country's market capitalization, surpassing last year's contribution of 1.4 per cent at INR 5 trillion.

According to the DRHP, RPL plans to allocate INR 10.18 crore of the IPO proceeds to meet working capital requirements, including margin money. Additionally, INR 5.5 crore will be used for expansion through the purchase of plant and machinery, while INR 1.1 crore is earmarked for partial pre-payment of existing bank loans.

The listing will be with shares with a face value of INR 1 and will consist of a fresh issue of shares close to INR 1,000 crore and an offer for sale (OFS) component of up to 2,39,86,883 equity shares by selling shareholders.

The public market is readying itself for another busy initial public offer (IPO) season, continuing the trend seen in 2024. Companies across varied fields have filed their papers and have been given the nod by the market regulator Securities and Exchange Board of India (SEBI).

The INR 572-crore issue, which will close on December 13, has set a price band of INR 265-279 per share. The bidding for the anchor investor portion is slated for December 10.

To support growing demand, LG India is set to construct a third manufacturing facility in Andhra Pradesh, with an investment of INR 5,000 crore.

South Korea-based consumer electronics giant LG Electronics India filed its draft papers with the market regulator Securities and Exchange Board of India (SEBI) on Friday for its initial public offer (IPO).

Sai Life Sciences, a contract research, development, and manufacturing organization (CRDMO), announced on Friday its plans for the INR 3,043 crore initial public offering (IPO) which is set to open for subscription on December 11.