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Pace Digitek files draft papers with Sebi for Rs 900 crore IPO

Business Today

Business Today · 5m ago

Pace Digitek files draft papers with Sebi for Rs 900 crore IPO

Pace Digitek, a telecom passive infrastructure solutions provider, plans a Rs 900 crore IPO, filing draft papers with Sebi. The IPO will involve a fresh issuance of shares, with proceeds earmarked for capital expenses and corporate purposes. Between 2023 and 2024, the company's revenue surged by 383.81% to Rs 2,434.48 crore, while PAT increased by 1,290.38% to Rs 229.87 crore. Founded in 2007, the company is based in Bengaluru.

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Orient Cables files draft papers for Rs 700 crore IPO

Economic Times

Economic Times · 1m ago

Orient Cables files draft papers for Rs 700 crore IPO

Orient Cables (India) Ltd has submitted draft papers to Sebi for a Rs 700 crore IPO, including a Rs 320 crore fresh issue and Rs 380 crore Offer for Sale by promoters. Proceeds will fund machinery and capital expenditure (Rs 91.5 crore), debt repayment (Rs 155.5 crore), and general corporate purposes. The company, focusing on networking cables and solutions for industries like telecom and renewable energy, considers a Rs 64 crore pre-IPO placement.

Travel portal ixigo's parent files IPO papers with SEBI

Inshorts · 1y ago

Travel portal ixigo's parent files IPO papers with SEBI

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.

ESDS Software Solution files draft papers with Sebi for Rs 600 crore IPO

Economic Times

Economic Times · 5m ago

ESDS Software Solution files draft papers with Sebi for Rs 600 crore IPO

ESDS Software Solution, a cloud infrastructure and data centre services provider, has filed draft papers for a Rs 600 crore initial public offering (IPO) with SEBI. This IPO involves only a fresh issue with no offer-for-sale component. The company plans to utilize Rs 480.7 crore of the proceeds for purchasing and installing cloud computing equipment and other infrastructure. The offering includes cloud and managed services, enabling cost-effective, secure, and scalable cloud adoption strategies for its clients.

Pine Labs files for IPO, eyes Rs 2,600 Cr fresh fundraise

YourStory

YourStory · 2m ago

Pine Labs files for IPO, eyes Rs 2,600 Cr fresh fundraise

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.

Household products maker Cello World files IPO papers with SEBI to raise Rs 1,750Cr

IndianStartupNews

IndianStartupNews · 2y ago

Household products maker Cello World files IPO papers with SEBI to raise Rs 1,750Cr

Household products manufacturer Cello World has filed Initial Public Offering (IPO) papers with SEBI to raise Rs 1,750 crore. The IPO includes a fresh issue of shares worth Rs 1,100 crore and an offer for sale of Rs 650 crore by existing shareholders. The funds raised will be used for debt repayment and general corporate purposes.

Tata Sons-backed Tata Capital files updated draft papers with Sebi for IPO

YourStory

YourStory · 24d ago

Tata Sons-backed Tata Capital files updated draft papers with Sebi for IPO

Tata Capital, backed by Tata Sons, has filed updated draft papers with SEBI for an IPO featuring 47.58 crore equity shares, including a fresh issuance of 21 crore shares and an offer for sale of 26.58 crore shares by Tata Sons and IFC. The IPO aims to enhance the company’s Tier I capital for future needs and could raise $2 billion, valuing Tata Capital at approximately $11 billion. This complies with RBI's listing requirements for upper-layer NBFCs.

Hero Motors files draft papers for Rs 900-Cr IPO

YourStory

YourStory · 1y ago

Hero Motors files draft papers for Rs 900-Cr IPO

Auto-components firm Hero Motors Ltd has filed preliminary papers with the Securities and Exchange Board of India (SEBI) for an IPO to raise INR 900 crore ($120 million). The IPO will consist of a fresh issue of equity shares worth INR 500 crore and an offer for sale of shares worth INR 400 crore by promoters. Proceeds from the offering will be used for debt payment and the expansion of the company's facility. Hero Motors is a leading automotive technology company that designs and manufactures powertrain solutions for various vehicle categories. The IPO is being managed by ICICI Securities, DAM Capital Advisors, and JM Financial.

PhysicsWallah files draft IPO papers with SEBI via confidential route

YourStory

YourStory · 5m ago

PhysicsWallah files draft IPO papers with SEBI via confidential route

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.

Digital lending firm Kissht files DRHP with SEBI to raise Rs 1,000 crore through IPO

IndianStartupNews

IndianStartupNews · 10d ago

Digital lending firm Kissht files DRHP with SEBI to raise Rs 1,000 crore through IPO

Digital lending firm Kissht, operating under OnEMI Technology Solutions, has filed draft papers with SEBI to raise approximately Rs 1,000 crore through an IPO, which includes a fresh issue and an offer-for-sale by early investors like Vertex Ventures and Ammar Sdn Bhd. The capital will bolster its non-banking finance subsidiary Si Creva Capital and fund corporate activities. Founded in 2016, Kissht specializes in small consumer loans, boasting 53 million users and substantial assets under management.

LEAP India files DRHP with Sebi for Rs 2,400 crore IPO

Economic Times

Economic Times · 2h ago

LEAP India files DRHP with Sebi for Rs 2,400 crore IPO

LEAP India, a supply chain asset pooling company, has filed a Draft Red Herring Prospectus with SEBI to initiate an IPO aimed at raising Rs 2,400 crore. The IPO, with a face value of Rs 1, includes a fresh issue of Rs 400 crore and an offer for sale of Rs 2,000 crore. The company plans to use Rs 300 crore from the fresh issuance to repay borrowings and fund working capital needs.

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