🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Chipmaker Polymatech plans ₹1,500 crore IPO by year-end
Livemint
·
1y ago
Medial
Semiconductor chip manufacturer Polymatech Electronics aims to raise ₹1,500 crore through an IPO by the end of the year. This would be double the initial plan of ₹750 crore. The company manufactures opto-semiconductor chips and is planning to divest a 10% stake through the IPO. Polymatech's revenue nearly doubled from ₹650 crore in FY23 to ₹1,200 crore in FY24, and it expects to double its revenues annually. The company plans to invest $5 billion over the next few years, with $1.5 billion coming from the IPO proceeds. Polymatech is also exploring establishing assembly and packaging units in overseas locations.
View Source
Related News
Avendus raises Rs 850 Cr in Future Leaders Fund III's first close
YourStory
·
7m ago
Medial
Avendus' Future Leaders Fund III (FLF III) has secured Rs 850 crore in commitments for its first close, with a target of raising Rs 1,500 crore and an additional Rs 1,500 crore green shoe option. The fund plans to invest in 12-14 startups, with each investment ranging from Rs 150-300 crore. Previous funds FLF I and II have seen successful investments, and FLF III aims to capitalize on the ongoing Indian IPO boom.
View Source
Weaver Services scouts for buyout targets as launch nears
Livemint
·
1m ago
Medial
Weaver Services, led by Satrajit Bhattacharya and backed by Premji Invest and Gaja Capital, has secured ₹1,500 crore in investor commitments. The housing finance company plans to launch operations by the end of the month. It recently acquired Capital India Home Loans for ₹267 crore and is currently exploring additional acquisition targets among mortgage lenders. Some of these potential acquisitions involve subsidiaries of listed companies.
View Source
Wakefit targets to raise Rs 1,500-2,000 Cr from IPO: Report
Entrackr
·
4m ago
Medial
Wakefit targets to raise Rs 1,500-2,000 Cr from IPO: Report Home furniture and sleep solutions company Wakefit has selected three investment banks to help with its plans to go public. According to a Moneycontrol report, the company has chosen Axis Capital, IIFL Capital Services, and Nomura to guide its initial public offering (IPO). Wakefit is expected to file draft papers for the IPO in the coming months. As per the report, the company aims to raise between Rs 1,500 crore and Rs 2,000 crore ($200 million). It has not yet decided how much will be raised through new shares and how much will be sold by current investors. So far, Wakefit has raised more than $100 million (around Rs 850 crore) from investors such as Peak XV Partners, Paramark Ventures from South Korea, and Verlinvest from Europe. Some of these early investors may sell their shares in the IPO. Wakefit started as a mattress company but later began selling other furniture like beds, tables, and chairs. As per TheKredible, Wakefit’s revenue from operations increased by 21% to Rs 986.4 crore in FY24, as compared to Rs 812.6 crore in the previous fiscal year. The firm managed to control its losses by 90% to Rs 15 crore from Rs 145 crore in FY23. Wakefit competes with companies like SleepyCat, Duroflex, Pepperfry, IKEA, and Woodenstreet in India’s furniture and sleep product market.
View Source
Chipmaker Astera Labs files for US IPO
Reuters
·
1y ago
Medial
Chipmaker Astera Labs has submitted an initial public offering (IPO) filing in the U.S. market. This move comes as the IPO market is expected to bounce back from a two-year slowdown caused by the Federal Reserve's interest rate hikes and global uncertainties. Astera Labs is based in Santa Clara, California, and plans to list its shares on the Nasdaq Global Select Market. The lead underwriters for the offering are Morgan Stanley and J.P. Morgan Securities.
View Source
Certus Capital to roll out its first Rs 500-crore real estate AIF this fiscal
Money Control
·
10m ago
Medial
- Certus Capital plans to launch its first credit-focused alternative investment fund (AIF) with a corpus of over Rs 500 crore in FY25. - The firm aims to invest over Rs 1,000 crore through secured credit in the real estate sector by the end of FY25. - Certus Capital has closed about Rs 450 crore of investment pipeline in three different transactions and aims to commit the rest by the end of the current fiscal year. - Recent transactions include investments of Rs 130 crore in two commercial real estate projects in Pune and Rs 125 crore in a Casagrande Project in Chennai. - The company plans to increase its commitment to Rs 1,500-2,000 crore within the next 12-18 months, focusing on post-RERA projects with a healthy project timeline. - The southern cities, particularly Chennai and Hyderabad, will account for a significant portion of Certus Capital's future transactions, along with potential investments in Tier II cities.
View Source
Stent maker SMT set to file papers for ₹2,000-crore IPO
Livemint
·
2m ago
Medial
Sahajanand Medical Technologies (SMT), a leading cardiac stent manufacturer, plans to file draft papers for a ₹1,500-2,000 crore IPO next month. This is SMT's second attempt at public listing, following a previous attempt about four years ago. The IPO will be a pure offer-for-sale with investors like Samara Capital, Kotak, and Morgan Stanley planning to exit. The issue is being managed by Motilal Oswal, Avendus, Nuvama, and HSBC.
View Source
Zepto delays IPO plans to 2026: Report
Entrackr
·
2m ago
Medial
Zepto delays IPO plans to 2026: Report Zepto, the quick commerce company, has reportedly postponed its plans to launch an initial public offering (IPO) to 2026. According to a report by Moneycontrol, this represents a change from the company’s earlier timeline, in which co-founder and CEO Aadit Palicha had indicated a listing in 2025. The report noted that the company is unlikely to go public this year, even if it files its draft red herring prospectus (DRHP) in the coming months. The IPO timeline has reportedly been extended multiple times, with internal discussions highlighting the need for stronger financial metrics before pursuing a public listing. Zepto is currently focused on reducing its cash burn and improving profitability before entering the public markets. Queries sent to Zepto did not elicit an immediate response. Due to rising operational costs, Zepto Cafe, the food service unit of Zepto, has temporarily closed in several smaller North Indian cities, including Agra, Chandigarh, Meerut, Mohali, and Amritsar. The company shut down approximately 44 cafes, affecting more than 400 employees. Media reports indicate that Zepto was spending between Rs 250 crore and Rs 300 crore per month toward the end of last year. Meanwhile, the Aadit Palicha-led company is finalising a Rs 1,500 crore (approximately $175 million) structured debt deal with Edelweiss Alternative Asset and other investors. The funds will be used to buy back shares from foreign investors, increasing Indian ownership ahead of the IPO.
View Source
Vishal Mega Mart names five bankers for $750 million IPO
Livemint
·
1y ago
Medial
Vishal Mega Mart has appointed Kotak Mahindra Capital, ICICI Securities, JP Morgan, Morgan Stanley, and Jefferies as bankers for its upcoming IPO, expected to be worth up to $750 million. The supermarket chain, owned by Partners Group and Kedaara Capital, plans to file for the IPO by the end of the year. Vishal Mega Mart's owners are targeting a valuation of $5 billion. The company operates a mix of owned stores and franchises, and its consolidated revenue grew 36% to INR 7,590 crore ($1.03 billion) in FY23.
View Source
Ola Electric, FirstCry IPOs give i-banks a fat Rs 241 cr payday
Money Control
·
1y ago
Medial
The recent IPOs of Ola Electric and FirstCry in India have resulted in investment banks earning a combined fee of ₹241.41 crore. Ola Electric's IPO generated the highest fee income of ₹145.04 crore, while FirstCry's IPO yielded ₹96.37 crore in fees. These earnings account for nearly 20% of the total fee income from IPOs in 2024. The IPOs have been profitable, with Ola Electric shares gaining 20% on its first trading day and FirstCry shares up by almost 46% at the end of their first day. Overall, IPO bankers have earned a significant amount from IPOs this year compared to the previous year.
View Source
Trifecta Capital raises 3rd venture debt fund
Livemint
·
1y ago
Medial
Trifecta Capital has successfully closed its third debt fund at ₹1,777 crore ($213 million), surpassing its initial target of ₹1,500 crore. The fund attracted investments from global financial institutions, domestic conglomerates, banks, insurers, and family offices. The firm has doubled its count of offshore investors and has already allocated ₹1,500 crore ($180 million) across 51 companies. Trifecta Capital plans to raise its fourth fund in 2024 and also intends to raise its second growth equity fund next year, as per co-founder Rahul Khanna.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in