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Fintech Unicorn Groww Set to File Confidential IPO Papers With Sebi
OutlookIndia
·
2m ago
Medial
Groww, a Bengaluru-based investment tech start-up, is set to file confidential IPO papers with SEBI, targeting a $7-8 billion valuation. The company is closing a $150 million pre-IPO funding round led by Singapore’s GIC. Groww, originally a mutual fund platform, now offers stock trading and other financial products, and plans to expand into wealth management. It may also acquire PayU-backed Fisdom, indicating further expansion into wealth management.
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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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PhysicsWallah files draft IPO papers with SEBI via confidential route
YourStory
·
4m 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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Lenskart to file DRHP confidentially by the end of this month: Sources
YourStory
·
2m ago
Medial
Lenskart plans to confidentially file its draft red herring prospectus (DRHP) for a $10-billion IPO with the Securities and Exchange Board of India (SEBI) by the end of the month. The omnichannel eyewear retailer recently transitioned to a public limited company to facilitate this move. With a potential public issue exceeding $1 billion, Lenskart aims to join startups like Groww and Oyo using SEBI's confidential IPO route. The company has significantly increased profitability, reducing losses by 84% in FY24.
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Snapdeal's parent AceVector files confidential draft IPO papers with Sebi - The Economic Times
Economic Times
·
22d ago
Medial
AceVector, the parent company of Snapdeal, has filed confidential draft papers with India's market regulator, Sebi, to launch an IPO. The company also operates Unicommerce and Stellar Brands, with Unicommerce going public in 2024. The confidential filing route allows more flexibility, gaining popularity among firms like Swiggy and PhysicsWallah. This method extends the IPO timeline, allowing companies to better plan and adjust their offerings.
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IPO-Bound Groww Becomes 1st Indian Investment App to Hit 100 Mn Downloads
OutlookIndia
·
1m ago
Medial
Groww, an IPO-bound investment app, became the first Indian platform to reach over 100 million downloads. According to Sensor Tower data, it leads globally in app installations and active user participation in 2024. Founded in 2016, Groww offers a variety of investment options and rivals Zerodha and Angel One, the latter having fewer downloads. Groww recently filed draft papers with Sebi for an IPO and reported significant profit growth and revenue increases.
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PhonePe To File Draft Papers For $1.5 Bn IPO By August
Inc42
·
1m ago
Medial
PhonePe, Walmart-owned fintech, is set to file draft IPO papers by August 2023, aiming to raise $1.5 billion, valuing the company at $15 billion. The company has appointed Kotak Mahindra, Citigroup, and Morgan Stanley to lead the process. Known for its dominance in the Unified Payments Interface (UPI) sector, PhonePe made its listing intentions public earlier in February, with further details about the IPO size or timeline now revealed.
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Tata Capital files for Rs 15,000 crore IPO with Sebi: Report
Business Today
·
4m ago
Medial
Tata Capital, a subsidiary of Tata Sons, has filed papers with Sebi for a Rs 15,000 crore IPO through a confidential pre-filing route. Approved in February 2025, the IPO may feature a fresh issue of up to 230 million shares. Tata Sons owns a 92.83% stake. Major banks, including Kotak Mahindra and JPMorgan, are involved. The IPO aims to meet RBI's mandate of public listing for 'top-tier' NBFCs by September 2025.
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Grapevine: Urban Company, Groww, Apollo Global-backed Tenneco plan IPOs
VCCircle
·
6m ago
Medial
Reports indicate that Urban Company, Groww, and Tenneco are preparing for IPOs in the upcoming months. Prosus-backed Urban Company is expected to file draft papers for a Rs 3,000-crore IPO by March's end. Groww, an investment platform, and Apollo Global-backed Tenneco are also planning their initial public offerings. These moves demonstrate the continued interest and activity in the market, as companies seek to expand and tap into public investment.
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Brookfield-backed CleanMax to file ₹4,000-5,000 cr IPO via confidential route
Livemint
·
9d ago
Medial
CleanMax Enviro Energy Solutions, a renewable energy company backed by Brookfield, is planning to file for a confidential IPO valued at ₹4,000-5,000 crore. The Mumbai-based company aims to submit draft papers to the Securities and Exchange Board of India by the end of August. With Brookfield owning 48% of CleanMax, the move seeks to leverage growing investor interest in India's renewable energy sector.
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SoftBank-backed FirstCry to file IPO papers soon, targets raising $500-600 million
Economic Times
·
1y ago
Medial
Omnichannel retailer FirstCry is set to file its draft IPO papers in the coming days, aiming to raise $500-600 million at a valuation of $4-5 billion. The company specializes in selling products for kids and mothers online and offline. Three Indian family investment offices recently invested around Rs 435 crore in FirstCry. SoftBank, the largest investor, is looking to dilute its stake to under 26% to comply with FDI laws. Ola Electric, another SoftBank portfolio company, is also expected to file its IPO papers soon.
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