Category: Business News

The Rs 26.73-crore IPO is entirely a fresh issue of 27 lakh equity shares and will remain open for subscription till June 29

Private equity giant Carlyle is gearing up for significant IPOs in India, planning a $500 million listing for its automotive platform, Highway Roop Precision Technologies, valued at an estimated $2 billion. Concurrently, its healthcare RCM platform is also set for a $400-500 million offering. These major moves are anticipated by mid-2027, signaling substantial growth for…

SBI Mutual Fund is preparing to launch its IPO in early July after receiving Sebi approval. The offer, entirely an offer for sale by SBI and Amundi, could be valued around Rs 13,000 crore, making it among the largest asset management listings in India.

India’s IPO market is poised for a strong comeback in July, with over a dozen companies planning to raise approximately ₹45,000 crore. Major offerings from SBI Funds Management, Manipal Health Enterprises, and Zepto are leading the charge. Favorable market conditions, robust domestic investor participation, and easing global uncertainties are fueling this resurgence, signaling a positive…

Mukesh Ambani’s Reliance group is set to significantly boost its market presence, potentially holding nearly 7% of BSE’s total market capitalization post-Jio Platforms’ IPO. This move positions Reliance Industries and JioP as India’s two largest companies by market value, surpassing major banks and telecom players. The combined RIL group market cap is expected to rival…

Reliance Jio has filed its draft red herring prospectus with Sebi for an IPO, planning to issue 27 crore shares. The company intends to use all IPO proceeds to repay debt, with remaining funds allocated for general corporate purposes. Mukesh Ambani stated the listing will unlock significant investor value.

Sterlite Technologies’ stock climbed nearly 5% to Rs 613.35 as it officially launched its Qualified Institutions Placement (QIP) to bolster its capital. The company’s board and shareholders approved the fundraising, with the Authorization and Allotment Committee setting a floor price of Rs 613.69 per share. This move, coupled with positive technical indicators, has boosted investor…

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Aviation stocks, including IndiGo and SpiceJet gained after crude oil prices declined sharply as supply concerns eased following progress in the Iran conflict. Lower fuel costs lifted sentiment for airlines, while investors assessed the potential recovery in travel demand and normalisation of global aviation operations.

Silver Consumer Electricals, renowned for its pumps and motors, has successfully raised Rs 150 crore through a pre-IPO secondary share sale. A 2.59% stake was sold by a promoter group member to investor Riyaz Suterwala, paving the way for its upcoming initial public offering. With its DRHP filed last August, the Rajkot-based company aims to…