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InsuranceDekho raises fresh funds ahead of signing bankers to its IPO

Livemint

Livemint · 5m ago

InsuranceDekho raises fresh funds ahead of signing bankers to its IPO

InsuranceDekho has secured funding from Beams Fintech Fund, MUFG Bank, and C. Development, marking part of a larger $75-100 million fundraise. The company plans an IPO soon and aims to finalize fundraising within weeks, with existing investors participating. InsuranceDekho, founded in 2017, provides diverse insurance products and plans for expansion using raised funds. It is a subsidiary of CarDekho, which successfully pivoted to vehicle financing. The company's revenue increased significantly in FY24, achieving profitability.

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Kalpataru raises Rs 708 cr from anchor investors ahead of IPO

Economic Times

Economic Times · 10d ago

Kalpataru raises Rs 708 cr from anchor investors ahead of IPO

Real estate developer Kalpataru Ltd raised Rs 708 crore from anchor investors, including GIC and Bain Capital, ahead of its IPO scheduled for June 24-26. The company plans to raise up to Rs 1,590 crore with a price band of Rs 387 to Rs 414 per share. Kalpataru aims to utilize the funds for debt payment and corporate purposes. The IPO consists entirely of a fresh equity issue with no offer for sale component.

Ahead of IPO, Ellenbarrie Industrial Gases raises Rs 256 crore from anchor investors

Economic Times

Economic Times · 9d ago

Ahead of IPO, Ellenbarrie Industrial Gases raises Rs 256 crore from anchor investors

Ellenbarrie Industrial Gases raised Rs 256 crore from anchor investors ahead of its IPO, which opens from June 24-26. The IPO, priced between Rs 380-400 per share, aims to gather Rs 852 crore. It includes a fresh issue of Rs 400 crore and an offer for sale of 1.13 crore shares. The funds will be used to pay debts and establish a new unit. The company's revenue rose 16% in FY25, with significant profit growth.

Awfis raises Rs 269 crore from anchor investors ahead of IPO

Economic Times

Economic Times · 1y ago

Awfis raises Rs 269 crore from anchor investors ahead of IPO

Flexible office space provider, Awfis Space Solutions, has raised nearly Rs 269 crore ($36 million) from anchor investors ahead of its IPO. 19 domestic mutual funds contributed Rs 144 crore ($19 million) to the capital raising, with the remainder coming from other investors including Allianz Global Investors Fund and HSBC Global Investment Fund. The IPO will raise an additional Rs 128 crore ($17 million) in fresh capital for the company, while the offer for sale component will consist of 12.3 million shares from existing investors. The IPO is set to launch on 22 May.

IPO-bound Infra.Market raises fresh capital after mopping up over $120 mn

VCCircle

VCCircle · 1m ago

IPO-bound Infra.Market raises fresh capital after mopping up over $120 mn

Building materials platform Infra.Market has secured fresh equity capital ahead of its planned IPO, following a pre-IPO funding round that valued the company at $2.8 billion. The Mumbai-based company, operated by Hella Infra Market Ltd, managed to raise over $120 million.

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

YourStory

YourStory · 9m ago

Northern Arc Capital raises Rs 229 Cr from anchor investors pre-IPO

Non-bank financial institution Northern Arc Capital has raised Rs 229 crore ($31 million) from anchor investors ahead of its upcoming initial public offering (IPO). The funds were collected by issuing over 87 lakh equity shares at Rs 263 each to anchor investors including SBI General Insurance, Kotak Mahindra Life Insurance, and Goldman Sachs. Northern Arc Capital's IPO, which consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale of up to Rs 277 crore, is set to open for public subscription on September 16.

IPO-bound Captain Fresh to secure debt from Trifecta

Entrackr

Entrackr · 2m ago

IPO-bound Captain Fresh to secure debt from Trifecta

Captain Fresh is set to raise Rs 30 crore in debt funding from Trifecta Ventures ahead of its public listing. The company will issue 3,000 Series B5 non-convertible debentures to Trifecta Ventures Debt Fund for the aforementioned sum, according to its regulatory filings sourced from the Registrar of Companies (RoC). Captain Fresh operates a farm-to-retail platform for animal protein, primarily dealing in fish, seafood, and sheep. It sources directly from farmers and agents, catering to B2B, B2R, and B2B2C segments. This debt infusion comes on the heels of its Rs 250 crore (around $30 million) raise in an ongoing pre-IPO funding round. Financially, Captain Fresh reported a 71% jump in gross revenue (GMV) to Rs 1,395 crore in FY24 from Rs 817 crore in FY23. The company also narrowed its net loss by 22% to Rs 229 crore during the same period. Captain Fresh is preparing to file for its IPO by the end of this year. As per media reports, the company has appointed Axis Capital and BofA as bankers for a proposed IPO worth $350-400 million.

Online meat startup Captain Fresh raises Rs 100 crore from Motilal Oswal Wealth

Economic Times

Economic Times · 6m ago

Online meat startup Captain Fresh raises Rs 100 crore from Motilal Oswal Wealth

Bengaluru-based online meat and seafood firm Captain Fresh has secured Rs 100 crore in funding from Motilal Oswal Wealth, as it prepares for its planned public listing in 2023. The funding came in the form of 1,002 Series C11 compulsorily convertible preference shares, and following the investment, Motilal Oswal will hold a 2.26% stake in Captain Fresh. The company is currently in talks to appoint bankers for their upcoming IPO. Previously, Captain Fresh raised $48 million in February, led by SBI Investment and Evolvence Capital. Founded in 2019, Captain Fresh operates in the B2B model, supplying meat and seafood to sellers in India and global markets.

Digit IPO: Insurtech Raises INR 1,176 Cr From Anchor Investors

Inc42 · 1y ago

Digit IPO: Insurtech Raises INR 1,176 Cr From Anchor Investors

Insurtech company Go Digit General Insurance (Digit) has raised INR 1,176.6 Cr ($158.7m) from its anchor investors ahead of its IPO, which is set to raise a total of INR 2,614.6 Cr ($352.7m). The IPO includes a fresh issue of shares worth INR 1,125 Cr ($151.6m) and an offer for sale (OFS) of 5.47 Cr ($737k) shares. The IPO is scheduled to open on 15 May and close on 17 May, with Digit planning to list on the BSE and NSE on 23 May.

Oswal Pumps raises Rs 416 crore from anchor investors ahead of IPO

Economic Times

Economic Times · 21d ago

Oswal Pumps raises Rs 416 crore from anchor investors ahead of IPO

Oswal Pumps raised ₹416 crore from anchor investors ahead of its IPO, indicating strong institutional interest. The IPO includes a fresh issue of shares worth ₹890 crore and an offer for sale of 81 lakh shares by promoter Vivek Gupta. Scheduled from June 13 to June 17, the IPO is priced between ₹584 to ₹614 per share, potentially raising ₹1,387.34 crore. The issue involves a book-building process with allocations for institutional, non-institutional, and retail investors.

Avanse Financial shortlists bankers ahead of IPO; GMR Airports raises debt

VCCircle

VCCircle · 1y ago

Avanse Financial shortlists bankers ahead of IPO; GMR Airports raises debt

Avanse Financial Services, backed by Warburg Pincus, Kedaara Capital, and the International Finance Corporation, has shortlisted six bankers for its upcoming IPO. The Mumbai-based education loan non-banking company plans to raise Rs 4,000 crore through the IPO. Kotak Mahindra has been chosen as one of the shortlisted bankers. In another news, GMR Airports has raised debt for its ongoing airport expansion projects.

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