Latest business news
IPO Update: IndiQube, a company specialized in managed workplace solutions, has received approval from the Securities and Exchange Board of India (SEBI) to raise ₹850 crore through an initial public offering (IPO). The company, based in Bengaluru, submitted its Draft Red Herring Prospectus (DRHP) in December 2024 and received the observation letter on March 24,…
Anand Rathi Group’s Brokerage Arm, Anand Rathi Share and Stock Brokers Ltd, has refiled its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) to raise over ₹745 crore via Initial Public Offering (IPO). The company had filed its DRHP in the month of December 2024. The IPO…
Upcoming IPO: Gurugram-based pathology and imaging firm Modern Diagnostic & Research Centre Ltd filed its draft red herring prospectus (DRHP) with the markets regulator Securities and Exchanges Board of India (SEBI) on Monday, April 1. The company started its pathology and imaging operations in 1985 from New Railway Road in Gurugram, and since then, it…
IPO Watch: Mumbai-based logistics and freight firm Om Freight Forwarders Limited filed its draft red herring prospectus (DRHP) with the markets regulator, the Securities and Exchange Board of India (SEBI), to raise funds from the Indian stock market. Om Freight Forwarders is a logistics and freight company with offices in China, Hong Kong, the UK…
On March 27, Indira IVF pulled back its ambitious IPO after the Securities and Exchange Board of India (SEBI) claimed that the movie ‘Tumko Meri Kasam’ was endorsing the firm, according to Economic Times news report. The market regulator noted that the release timing of the film seemed questionable since the company was in the…
Upcoming IPO: ESDS Software Solution, an end-to-end AI-enabled cloud, managed services, Data Centre infrastructure and software solutions provider, is making a second attempt to enter the Indian stock market. For this purpose, the company has filed a draft red herring prospectus with the stock market regulator, Securities and Exchange Board of India (SEBI), for an…
Upcoming IPO: Gujarat-based renewable energy solutions provider Prozeal Green Energy has filed its draft red herring prospectus (DRHP) with the markets regulator, the Securities and Exchange Board of India (SEBI), to raise funds from the stock market. Prozeal Green Energy is a renewable energy solutions provider which aims to contribute to a carbon-neutral future through…
IPO Watch: Gujarat Kidney & Super Speciality, a regional healthcare company, has filed its draft red herring prospectus (DRHP) with the stock market regulator Securities and Exchange Board of India (SEBI) for an initial public offer (IPO). The proposed public offer, consists entirely of fresh sale of 2.2 crore equity shares with no offer for…
SIS Cash Service Limited, on March 29, said that it has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to mop up funds through an initial public offering (IPO). The IPO, with a face value of ₹10 per equity share, comprises a fresh issue of…
CoreWeave’s shares closed flat after opening nearly 3% below their offer price in its Nasdaq debut on Friday, giving the Nvidia-backed AI infrastructure firm a valuation of $23 billion on a fully diluted basis. The lackluster performance could crush hopes of a meaningful recovery in IPOs, especially when equity markets are grappling with tariff-related turmoil….
