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Shadowfax to file IPO papers under confidential route - The Economic Times

Economic Times

Economic Times · 2m ago

Shadowfax to file IPO papers under confidential route - The Economic Times

Shadowfax, a hyperlocal logistics startup, plans to file for an IPO under a confidential route with Sebi. The IPO aims to raise between Rs 2,000-2,500 crore, with half from fresh shares, potentially valuing the company at Rs 5,500-6,000 crore. The funds will mainly support its quick commerce segment. Shadowfax, offering rapid delivery services, reported operating revenue of Rs 1,885 crore in FY24, marking a 33% growth, and turned operationally profitable.

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Snapdeal's parent AceVector files confidential draft IPO papers with Sebi - The Economic Times

Economic Times

Economic Times · 1m ago

Snapdeal's parent AceVector files confidential draft IPO papers with Sebi - The Economic Times

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.

Meesho gets shareholder nod to raise Rs 4,250 crore via IPO - The Economic Times

Economic Times

Economic Times · 2m ago

Meesho gets shareholder nod to raise Rs 4,250 crore via IPO - The Economic Times

Meesho, an e-commerce platform based in Bengaluru, received shareholder approval for its IPO to raise Rs 4,250 crore. It plans to file under Sebi’s confidential route. The proposed offering includes a fresh equity issue and a sale by current shareholders. Recently shifted from the US to India, Meesho is also naming founder Vidit Aatrey as chairman and CEO. Previously valued at $3.9 billion, Meesho aims to be India’s first listed horizontal e-commerce firm.

Meesho files confidential prospectus for its IPO - The Economic Times

Economic Times

Economic Times · 1m ago

Meesho files confidential prospectus for its IPO - The Economic Times

Ecommerce platform Meesho has confidentially filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO) to raise around Rs 4,250 crore ($500 million). The filing, done under Sebi’s pre-filing route, permits companies to keep prospectus details confidential. Meesho’s shareholders recently approved the IPO plan, seeking fresh capital to support the company’s growth and expansion strategies.

Meesho’s reverse flip may conclude this week; likely to file IPO papers this month, say sources

Economic Times

Economic Times · 2m ago

Meesho’s reverse flip may conclude this week; likely to file IPO papers this month, say sources

Bengaluru-based e-commerce platform Meesho is set to re-domicile from the US to India this week, facilitating its aim to file for an initial public offering (IPO) under the Securities and Exchange Board of India’s confidential route later this month. Supported by investors like SoftBank, Tiger Global, and Prosus, Meesho targets a $700-$800 million IPO. The company anticipates significant growth, having recorded a 34% increase in orders and over 180 million transacting users by December 2024.

PhysicsWallah plans ₹2,500 crore takeover of Drishti IAS

Inshorts · 5m ago

PhysicsWallah plans ₹2,500 crore takeover of Drishti IAS

Alakh Pandey-led edtech startup PhysicsWallah is in talks to acquire Drishti IAS coaching in a deal that could be valued at around ₹2,500 crore, reports claimed. Reports of potential acquisition come as PhysicsWallah gears up for its IPO. Earlier this month, Moneycontrol reported that PhysicsWallah filed draft papers through the confidential pre-filing route to raise ₹4,600 crore via an IPO.

Shadowfax files confidential prospectus for its IPO - The Economic Times

Economic Times

Economic Times · 1m ago

Shadowfax files confidential prospectus for its IPO - The Economic Times

Shadowfax, a hyperlocal logistics company backed by Flipkart, has filed a confidential draft red herring prospectus for its IPO, aiming to raise Rs 2,000-2,500 crore, with about half in primary shares. This strategic filing allows Shadowfax to gauge investor interest and refine its IPO plans. The company, which reported Rs 1,885 crore in operating revenue for fiscal year 2024, plans to use the funds to enhance quick-delivery services, noting improved business economics and increasing market traction.

Tata Capital files for Rs 15,000 crore IPO with Sebi: Report

Business Today

Business Today · 4m ago

Tata Capital files for Rs 15,000 crore IPO with Sebi: Report

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.

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.

Fintech Unicorn Groww Set to File Confidential IPO Papers With Sebi

OutlookIndia

OutlookIndia · 3m ago

Fintech Unicorn Groww Set to File Confidential IPO Papers With Sebi

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.

Brookfield-backed CleanMax to file ₹4,000-5,000 cr IPO via confidential route

Livemint

Livemint · 28d ago

Brookfield-backed CleanMax to file ₹4,000-5,000 cr IPO via confidential route

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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