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News on Medial
Delhi-Based Esconet Technologies files draft papers to raise funds via IPO
OutlookIndia
·
1y ago
Medial
Delhi-based IT solutions company Esconet Technologies has filed draft papers to raise funds through an initial public offering. The IPO will consist of a fresh issuance of up to 33,60,000 equity shares, with the company's shares proposed to be listed on the Emerge platform of the NSE. The funds raised will be used for working capital requirements and to invest in its subsidiary ZeaCloud Services. Esconet specializes in high-end supercomputing solutions and counts global technology firms among its partners. In the first half of the current fiscal year, the company reported a revenue of Rs 71.46 crore and a profit after tax of Rs 3.05 crore.
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Travel portal ixigo's parent files IPO papers with SEBI
Inshorts
·
1y ago
Medial
Travel portal ixigo's parent Le Travenues Technology has filed draft papers with SEBI to raise funds via an initial public offering. The IPO will consist of a fresh issue of shares worth ₹120 crore and an offer-for-sale (OFS) of 6.66 crore shares. The company previously filed IPO papers in 2021 to raise ₹1,600 crore but didn't proceed with the plan.
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Sudeep Pharma files draft papers with Sebi to mop up funds via IPO
Economic Times
·
1m ago
Medial
Vadodara-based Sudeep Pharma is planning to raise funds through an initial public offering (IPO) by filing draft papers with India's market regulator, Sebi. The IPO includes a fresh issuance of equity shares worth ₹95 crore and an offer for sale of up to 1,00,76,492 shares by promoter shareholders. Funds from the issuance will primarily support capital expenditure, including machinery procurement. Established in 1989, Sudeep Pharma produces over 100 products across the pharmaceutical, food, and nutrition sectors.
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Pine Labs files for IPO, eyes Rs 2,600 Cr fresh fundraise
YourStory
·
1m ago
Medial
Pine Labs has filed draft papers with SEBI for an IPO, aiming to raise Rs 2,600 crore through a fresh share issue. Existing investors, including Peak XV Partners, PayPal, and Mastercard, plan to offload up to 147.8 million shares. The funds will support international expansion, technological development, and debt reduction. Additionally, Pine Labs' entities reported increased FY24 losses due to rising expenses, despite modest revenue growth. Morgan Stanley, Citigroup, and Jefferies are lead managers for the IPO.
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Ola Electric files draft IPO papers, looks to raise Rs 5,500 crore via fresh share sale
Economic Times
·
1y ago
Medial
Ola Electric, the electric vehicle arm of ride-hailing giant Ola, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The IPO aims to raise funds to support the expansion of Ola Electric's EV fleet and infrastructure. Ola Electric is one of the leading players in the Indian EV market and plans to launch a range of electric vehicles, including electric two-wheelers, three-wheelers, and four-wheelers.
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Fintech unicorn Pine Labs files DRHP with SEBI for Rs 2,600 crore IPO
IndianStartupNews
·
1m ago
Medial
Pine Labs, a Noida-based fintech unicorn, has filed its draft red herring prospectus with SEBI, aiming to raise Rs 2,600 crore via an IPO. This includes a fresh issue and an offer for sale of 147.8 million shares. Key shareholders selling stakes include Peak XV Partners, Temasek, PayPal, and Mastercard. The funds will support debt repayment, Southeast and West Asia expansion, and technological advancements. Pine Labs reported Rs 1,208 crore in revenue, achieving profitability with a Rs 26 crore net profit.
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PhysicsWallah plans ₹2,500 crore takeover of Drishti IAS
Inshorts
·
4m ago
Medial
Alakh Pandey-led edtech startup PhysicsWallah is in talks to acquire Drishti IAS coaching in a deal that could be valued at around ₹2,500 crore, reports claimed. Reports of potential acquisition come as PhysicsWallah gears up for its IPO. Earlier this month, Moneycontrol reported that PhysicsWallah filed draft papers through the confidential pre-filing route to raise ₹4,600 crore via an IPO.
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Tamil Nadu's Milky Mist files DRHP with SEBI to raise Rs 2,035 crore through IPO
IndianStartupNews
·
19d ago
Medial
Milky Mist Dairy Food, a fast-growing Indian packaged food company, has filed a draft red herring prospectus with SEBI to raise Rs 2,035 crore via an IPO. The IPO includes a fresh issue of Rs 1,785 crore and a Rs 250 crore offer for sale by promoter shareholders. Funds will be used for debt reduction, capacity expansion, and distribution enhancement. Milky Mist focuses on value-added dairy products, achieving significant growth and high sector margins.
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Ashish Kacholia and Samara Capital backed Sahajanand Medical Technologies files DRHP for IPO
Economic Times
·
15d ago
Medial
Sahajanand Medical Technologies (SMT) filed its Draft Red Herring Prospectus (DRHP) to raise funds through an IPO. The company offers advanced medical devices in vascular and structural heart intervention with significant market presence across 76 countries. The IPO is an offer-for-sale of up to 27,644,231 equity shares by promoters and investors. Major shareholders include Samara Capital and Kotak Pre-IPO Opportunities Fund. SMT's revenue rose by 13.67% in Fiscal 2025, with significant growth in its structural heart division.
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MobiKwik refiles IPO papers, cuts issue size from ₹1,900 crore to ₹700 crore
Inshorts
·
1y ago
Medial
Fintech unicorn MobiKwik has refiled draft papers with the SEBI to raise ₹700 crore through the issue of new shares in an IPO. It is also aiming to raise ₹140 crore in pre-IPO placement, which will reduce the fresh issue size, if successful. MobiKwik initially filed papers to raise ₹1,900 crore in 2021, but deferred plans after market conditions worsened.
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Ullu Digital Files Draft Papers For INR 135-150 Cr IPO
Inc42
·
1y ago
Medial
OTT streaming platform Ullu Digital has filed draft papers for an IPO with the BSE SME to raise INR 135-150 crore. The IPO comprises a fresh issue of 62.63 lakh shares, with no offer for sale component. Ullu Digital plans to utilize the proceeds for content production, acquisition of international shows, tech investments, and working capital requirements. The company's operating revenue doubled to INR 93.1 crore in FY23, while its profits increased to INR 15.1 crore.
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