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

News on Medial

PhonePe files updated DRHP; Walmart to sell 9% stake via OFS

EntrackrEntrackr · 5d ago
PhonePe files updated DRHP; Walmart to sell 9% stake via OFS
Medial

PhonePe has filed its updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI). The IPO will be structured entirely as an Offer for Sale (OFS), with no fresh shares being issued by PhonePe itself. Existing shareholders will sell their stakes. The offer comprises up to 5.06 crore equity shares. Walmart’s unit WM Digital Commerce Holdings plans to sell about 4.59 crore shares, or roughly 9.06% of its equity. The IPO size is expected to be around Rs 12,000 crore ($1.5 billion), potentially valuing PhonePe around $14.5 billion–$15 billion. PhonePe reported a 40% year-on-year rise in operating revenue to about Rs 7,115 crore in FY25, while its net losses have been reduced to Rs 1,727 crore in FY25. During H1FY26, it reported a revenue of Rs 3,918 crore with a loss of Rs 1,442 crore. The company processed 9.8 billion customer-initiated UPI transactions worth Rs 13.61 lakh crore in December.

Related News

Pine Labs files DRHP; Peak XV emerges as lead seller in OFS

EntrackrEntrackr · 7m ago
Pine Labs files DRHP; Peak XV emerges as lead seller in OFS
Medial

Merchant payments and lending platform Pine Labs has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Thursday. The IPO includes a fresh issue of equity shares worth Rs 2,600 crore (approximately $305 million) and an offer for sale (OFS) of 14.78 crore equity shares, according to the DRHP. Peak XV is set to offload around 3.9 crore shares, accounting for approximately 26.3% of the total offer for sale (OFS). Acitis Pine Labs Investment and Temasek will sell 1.49 crore and 1.48 crore shares, respectively. Other participants in the OFS include PayPal, Mastercard Asia, Invesco, Madison India, Sofina, Lightspeed, BlackRock, and individuals such as Amrish Rau, Lokvir Kapoor, Kush Mehra, among others. According to the DRHP, Peak XV is the largest external shareholder with a 20.35% stake, followed by Temasek and PayPal holding 7.1% and 6%, respectively. Actis Pine Labs Investment owns 5.78%, while Mastercard and Alpha Wave hold 5.24% and 3.39%, respectively. Amrish Rau holds a 2.35% stake, followed by Lokvir Kapoor with 1.97%. Pine Labs plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO will be managed by Axis Capital, Morgan Stanley, CITI, JP Morgan, and Jefferies, who are acting as the book-running lead managers. According to the DRHP, the net proceeds from the fresh issue will be utilized for repayment of borrowing, investment in subsidiaries, technology, research, and other general corporate purposes. In the first nine months of FY25, the company posted a 23% year-on-year increase in revenue, growing to Rs 1,208 crore from Rs 982 crore. It also reported a net profit of Rs 26.1 crore during the period.

Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue

EntrackrEntrackr · 7m ago
Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue
Medial

Capillary Technologies files DRHP; to raise Rs 430 Cr via fresh issue Loyalty management firm Capillary Technologies has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Thursday. The IPO includes a fresh issue of equity shares worth Rs 430 crore (approximately $50 million) and an offer for sale (OFS) of 1.83 crore equity shares, according to the DRHP. Earlier this month, the Bengaluru-based firm received the board nod for its planned Rs 2,250 crore or $265 million Initial Public Offering. Capillary Technologies International Pte. Ltd will offload approximately 77.6%, or 1.43 crore shares, of the total OFS. Other participants in the OFS include Ronal Holdings, Trudy Holdings, Filter Capital, and individual shareholders such as Sripathi Venkata Ramana Reddy, Harminder Sahni, Adarsh Reddy, Sudhakar Reddy, Sripathi Damodar Reddy, and Manjunath Nanjaiah. As per the DRHP, Capillary Technologies International Pte Ltd, the promoter, holds a 65.47% stake in the company. Ronal Holdings and AVP Fund (Avataar Ventures) follow with holdings of 7.53% and 5.51%. Trudy Holdings and Filter Capital India own 4.49% and 3.66%, respectively. Capillary Technologies plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO will be managed by JM Financial, IIFL Capital, and Nomura Financial Advisory, who are acting as the book-running lead managers. According to the DRHP, the net proceeds from the fresh issue will be utilized for cloud infrastructure costs, research, design, development, and other general corporate purposes. In the previous fiscal year ended March 2025, the company recorded a 14% year-on-year growth in its revenue to Rs 598 crore, up from Rs 525 crore in FY24. It also posted a net profit of Rs 14.1 crore in FY25, compared to a loss of Rs 68.3 crore in FY24.

Wakefit files DRHP to raise Rs 468 Cr via fresh issue

EntrackrEntrackr · 7m ago
Wakefit files DRHP to raise Rs 468 Cr via fresh issue
Medial

Wakefit, a home and sleep solutions brand, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) on Thursday. The IPO includes a fresh issue of equity shares worth Rs 468 crore (approximately $55 million) and an offer for sale (OFS) of 5.84 crore equity shares, according to the DRHP. Peak XV is set to offload nearly 2.5 crore shares, making up around 48.8% of the total offer for sale (OFS). Verlinvest and Investcorp Growth will divest 1 crore and 54.5 lakh shares, respectively. Other participants in the OFS include Redwood Trust, SAI Global, Paramark Fund, and others. Its co-founders, Ankit Garg and Chaitanya Ramalingegowda, will collectively sell 1.21 crore shares in the offer for sale. As per the DRHP, Peak XV is the largest external stakeholder with a 22.7% stake, followed by Verlinvest and Investcorp, which hold 9.89% and 9.39%, respectively. SAI Global Investment owns 5.35%, while Elevation Capital and Paramark Fund hold 4.73% and 1.65%. Among the promoters, Ankit Garg holds the largest share at 33.38%, followed by Chaitanya Ramalingegowda with a 10.09% stake. Wakefit plans to list its shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The IPO will be managed by Axis Capital, IIFL Capital, and Nomura, who are acting as the book-running lead managers. According to the DRHP, the net proceeds from the fresh issue will be utilized for setting up new stores, leases and licenses, marketing, and other general corporate purposes. In the first nine months of FY25, the company reported revenue of Rs 971 crore with a net loss of Rs 8.8 crore. Wakefit generated 54.78% of its revenue through its own channels, while the remainder came from marketplaces and multi-brand outlets (MBOs). Mattresses were the top revenue contributor, followed by furniture and furnishings.

Shiprocket files updated DRHP to raise Rs 1,100 Cr via fresh issue

EntrackrEntrackr · 1m ago
Shiprocket files updated DRHP to raise Rs 1,100 Cr via fresh issue
Medial

Logistics and supply chain platform Shiprocket has filed an updated draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its Rs 2,342.35 crore initial public offering (IPO). The IPO includes a fresh issue of equity shares worth Rs 1,100 crore, while existing shareholders and co-founders will offload shares worth Rs 1,242.35 crore through an offer for sale (OFS). According to the UDRHP, the OFS will be led by Lightrock, selling shares worth Rs 258.49 crore. Arvind Ltd and Tribe Capital will offload shares worth Rs 161 crore and Rs 120 crore, respectively. March Capital and Bertelsmann India Investments will also participate in the OFS, cashing out Rs 95 crore and Rs 85.43 crore, respectively. Other participants include 500 startups, Agility Global, AFOS Group, Moore Strategic Ventures, and Sameer Mehta, among others. The co-founders, Gautam Kapoor and Saahil Goel, will also participate in the OFS, offloading shares worth Rs 144 crore each. Vishesh Khurana, another co-founder, will sell shares worth Rs 36.93 crore. Shiprocket plans to use Rs 505 crore from the IPO proceeds to scale its platforms, with Rs 294 crore allocated for marketing and Rs 211 crore to strengthen its technology infrastructure. Additionally, Rs 210 crore will be used for debt repayment, with the remaining proceeds for inorganic growth and general corporate purposes. As of the UDRHP filing, Bertelsmann India Investments is the company's largest shareholder with a 21.32% stake, followed by Tribe Capital with 14.14%. Eternal (formerly Zomato) and Temasek hold 6.85% and 5.29% stakes, respectively. Co-founders Saahil Goel and Gautam Kapoor each own 4.84%, and the ESOP pool accounts for 8.48% of the shareholding. Financially, the Gurugram-based company reported a 15% YoY rise in operating revenue to Rs 942.6 crore in the first six months of FY26. It also narrowed losses by nearly 10% to Rs 38.3 crore. In FY25, Shiprocket's revenue grew to Rs 1,632 crore, with the company becoming EBITDA cash positive at Rs 7 crore, compared to an EBITDA burn of Rs 128 crore in FY24.

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