🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Stock Radar: Medi Assist, Matrimony, HAL, Premier Energies, Gensol Engg, Muthoot Finance in focus on Tuesday

Money ControlMoney Control · 1y ago
Stock Radar: Medi Assist, Matrimony, HAL, Premier Energies, Gensol Engg, Muthoot Finance in focus on Tuesday
Medial

In today's stock market, several stocks are in focus. Some notable ones include: 1. Medi Assist Healthcare Services: Promoter Bessemer India Capital Holdings plans to sell shares worth Rs 540 crore through a block deal. 2. Adani Green Energy: Approved a joint venture with TotalEnergies Renewables Singapore, with an investment of $444 million. 3. Hindustan Aeronautics: The Cabinet Committee on Security approved the procurement of aero-engines for the Indian Air Force. 4. Muthoot Finance: Its subsidiary, Belstar Microfinance, received SEBI approval for an IPO to raise Rs 1,300 crore. 5. Lemon Tree Hotels: Signed a license agreement for an 80-room hotel property in Gir, Gujarat. 6. Maruti Suzuki India: Reported a 2.1% increase in total production in August compared to the same period last year. 7. Welspun Corp: Approved a $100 million investment for upgrading manufacturing and coating capabilities in the USA. 8. Zee Entertainment Enterprises: Appointed Shiva Chinnasamy as Chief Technology & Product Officer. 9. ICICI Bank: Stated that no salary or employee stock option plans have been paid to Madhabi Puri Buch after her retirement. This is just a brief snapshot, and there is more news in the market.

Pine Labs’ IPO values firm at $2.7 Bn; Peak XV eyes 40X return while Invesco stares at loss

EntrackrEntrackr · 3m ago
Pine Labs’ IPO values firm at $2.7 Bn; Peak XV eyes 40X return while Invesco stares at loss
Medial

News All Stories Pine Labs’ IPO values firm at $2.7 Bn; Peak XV eyes 40X return while Invesco stares at loss Pine Labs has set its IPO price band at Rs 210-221 per share, valuing the company at around $2.7 billion. The much-anticipated public issue offers stellar exits for early backers but leaves some late-stage investors with little to celebrate. Kunal Manchanada 03 Nov 2025 12:23 IST Follow UsNew UpdateFintech unicorn Pine Labs has set its IPO price band at Rs 210-221 per share, valuing the company at around Rs 23,573 crore ($2.7 billion). The much-anticipated public issue offers stellar exits for early backers but leaves some late-stage investors with little to celebrate.According to Entrackr’s analysis, Peak XV Partners (formerly Sequoia Capital India) will walk away with the biggest windfall, a 39.5X return on its investment. Madison India and Sofina Ventures also stand to book handsome gains of 5.6X and 4.7X, respectively.In contrast, investors who entered during later funding rounds will see far smaller gains or even losses. Temasek and PayPal are expected to make under 3X on their stakes, while Mastercard may clock a 1.7X return. Invesco, which came in at one of the highest valuations, is likely to incur a loss on its investment as the IPO pricing falls below its entry level. Lone Cascade may barely break even with a 1.2X multiple.During the OFS, Peak XV Partners will pocket around Rs 508.4 crore, followed by Actis (Rs 194.7 crore), Temasek (Rs 193.3 crore), PayPal (Rs 150 crore), and Mastercard (Rs 130.9 crore). Others, including Invesco (Rs 71 crore), Madison India (Rs 66.7 crore), Lone Cascade (Rs 53 crore), Sofina Ventures (Rs 44.2 crore), and founder Lokvir Kapoor (Rs 49.1 crore) will also partially cash out.The implied valuation of $2.7 billion marks a steep drop from the $6 billion target Pine Labs was reportedly chasing in 2022. The correction reflects a broader market reset in late-stage fintech valuations as investors prioritize profitability and stable cash flows over hyper-growth narratives.The company’s Rs 3,900 crore IPO comprises a fresh issue of Rs 2,080 crore and an offer for sale (OFS) of 8.23 crore shares by existing shareholders. Proceeds from the fresh issue will be used for debt repayment, technology upgrades, and international expansion.As per the RHP, Peak XV is the largest external shareholder with a 20.25% stake, followed by Temasek (7.06%) and PayPal (5.98%). Actis Pine Labs Investment holds 5.75%, while Mastercard and Alpha Wave own 5.22% and 3.37%, respectively.Pine Labs reported a 28.5% year-on-year growth in revenue to Rs 2,274 crore in FY25 from Rs 1,769 crore in FY24, while net losses declined by 57% to Rs 145 crore during the same period. Notably, in the first quarter of FY26, the company turned profitable, posting a net profit of Rs 4.7 crore on a revenue of Rs 616 crore.If successful, the listing could provide much-needed momentum to India’s fintech IPO pipeline, including players like Razorpay and Cashfree, though future offerings are likely to chase more realistic valuations aligned with today’s tempered investor sentiment.

Shadowfax IPO set to deliver multifold gains for Kunal Bahl, Flipkart, Eight Roads, and others

EntrackrEntrackr · 23d ago
Shadowfax IPO set to deliver multifold gains for Kunal Bahl, Flipkart, Eight Roads, and others
Medial

Shadowfax is gearing up for its Rs 1,907 crore initial public offering as the company has set the upper end of its IPO price band at Rs 124 per share. The fixed price band has cleared the way for significant returns for several early investors. According to the price band and offer details, a number of strategic and financial backers are set to gain multi-fold returns on their initial investments as they pare their holdings in the logistics startup. Flipkart, one of Shadowfax’s early and strategic investors, is expected to generate nearly 3X returns on its investment by selling shares worth around Rs 237 crore through the OFS. Eight Roads Investments, an affiliate of Fidelity, stands out among financial investors with an estimated 10X return on shares worth Rs 197 crore. NewQuest Asia Fund is set to make about 2X returns by offloading shares worth Rs 150 crore, while Nokia Growth Partners (NGP Capital) is likely to see nearly 4X gains on its Rs 101 crore OFS. The International Finance Corporation (IFC), the World Bank’s private-sector arm, is also expected to exit partially with around 4X returns on shares worth Rs 84 crore. Among other investors, Mirae Asset is set to generate close to 4.9X returns on its Rs 138 crore stake sale, while Qualcomm Asia Pacific is expected to earn around 5X returns by selling shares worth Rs 62 crore. Notably, individual investors Kunal Bahl and Rohit Kumar Bansal are set to emerge as the biggest winners in percentage terms. Each is selling shares worth about Rs 14 crore, translating into a massive 157X return on their initial investments, according to the IPO price band. Shadowfax’s IPO comprises a fresh issue of around Rs 1,000 crore and an offer-for-sale (OFS) component of approximately Rs 907 crore. The company is targeting a post-money valuation near Rs 7,400 crore, lower than earlier internal drafts. Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, the Bengaluru-based firm provides last-mile delivery across e-commerce and hyperlocal sectors, serving over 14,000 pin codes through 1.25 lakh delivery partners.

Download the medial app to read full posts, comements and news.