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News on Medial
Ecos (India) Mobility files draft paper with SEBI to mop up funds via IPO
Thehindubusinessline
·
1y ago
Medial
Chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality Ltd has submitted papers to SEBI for an initial public offering (IPO). The IPO will consist solely of an offer for sale (OFS) by promoters Rajesh Loomba and Aditya Loomba, totaling 1.8 crore equity shares. Currently, the promoters and promoter group entities own 100% of the company. Ecos provides chauffeured car rentals and employee transportation services to corporate clients, operating a fleet of over 9,000 vehicles. The company's IPO comes as the global corporate mobility market is expected to grow steadily, with India leading the way.
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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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Workplace solutions provider IndiQube files DRHP, eyes Rs 850 Cr IPO
YourStory
·
8m ago
Medial
IndiQube, a workplace solutions company, has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) to raise funds. The IPO will consist of a fresh issue of equity shares worth up to Rs 750 crore and an offer for sale of equity shares worth up to Rs 100 crore by the promoters. The company plans to use the funds for establishing new centres and repaying borrowings. IndiQube currently manages around 103 centres across 13 cities and has a diverse clientele. The IPO filing comes amid the growing trend of flexible workspaces in the commercial office market.
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Tamil Nadu's Milky Mist files DRHP with SEBI to raise Rs 2,035 crore through IPO
IndianStartupNews
·
1m 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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E-commerce SaaS platform Unicommerce files DRHP with SEBI
Entrackr
·
1y ago
Medial
Unicommerce, a subsidiary of AceVector Group, has submitted a draft red herring prospectus (DRHP) to the Security Exchange Board of India (SEBI) for an initial public offering (IPO). The company plans to raise funds through an offer for sale (OFS) of up to 2,98,40,486 equity shares. The DRHP does not include fresh issues, and the proceeds will go to the selling shareholders. The book-running lead managers for the IPO are IIFL Securities Limited and CLSA India Private Limited. Unicommerce offers e-commerce enablement SaaS solutions and generated significant revenue and profits during FY23 and H1 of FY24.
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Sudeep Pharma files draft papers with Sebi to mop up funds via IPO
Economic Times
·
2m 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
·
2m 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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Fintech unicorn Pine Labs files DRHP with SEBI for Rs 2,600 crore IPO
IndianStartupNews
·
2m 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 files draft IPO papers with SEBI via confidential route
YourStory
·
5m ago
Medial
PhysicsWallah (PW), an Indian edtech unicorn, has filed draft IPO papers with SEBI through a confidential pre-filing route. This method allows the company to withhold public disclosure of its draft red herring prospectus details. The pre-filing doesn't guarantee an IPO, but it offers greater flexibility on the timing and scope. Founded in 2020, PW is recognized for its wide-ranging educational reach in India, recently valued at $2.8 billion.
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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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Meesho files confidential prospectus for its IPO - The Economic Times
Economic Times
·
2m ago
Medial
Ecommerce platform Meesho has confidentially filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO) to raise around Rs 4,250 crore ($500 million). The filing, done under Sebi’s pre-filing route, permits companies to keep prospectus details confidential. Meesho’s shareholders recently approved the IPO plan, seeking fresh capital to support the company’s growth and expansion strategies.
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