Spanning 38,692 sq ft, the facility is designed to validate durability and safety across vehicle, system, and component levels
The rebranding aims to align the company's identity with its core business activities and future growth prospects in the agri-business industry
Noida-based Innovatiview India, has filed preliminary papers with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering. The proposed Initial Public Offering (IPO) is entirely an Offer-For-Sale (OFS) of equity shares worth up to Rs 2,000 crore by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. The OFS consists of the sale of shares worth up to Rs 800 crore each by Ashish Mittal and Ankit Agarwal, and up to Rs 320 crore worth of shares by Vishal Mittal and Abhishek Agarwal will be offloading shares for Rs 80 crore, respectively. Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholder. Innovatiview India is a technology-driven company providing automated ancillary security and surveillance solutions for examinations, elections and large-scale events pan-India. As of September 30, 2024, the company is the largest player for examina
Midwest, one of the largest producers of Black Galaxy Granite, has received Sebi's clearance to raise funds through an initial public offering, an update with the capital markets regulator showed on Tuesday. The proposed Initial Public Offering (IPO) of Hyderabad-based Midwest is a mix of fresh issue of shares up to Rs 250 crore and an Offer For Sale (OFS) of up to Rs 400 crore by promoters. The offer also includes reservation for subscription by eligible employees, according to the Draft Red Herring Prospectus (DRHP). The OFS consists of sale of shares worth up to Rs 360 crore by Kollareddy Rama Raghava Reddy and up to Rs 40 crore by Guntaka Ravindra Reddy. Besides, the company may consider raising Rs 50 crore in a 'pre-IPO' placement round. If such placement is completed, the fresh issue size will be reduced. As per the update, Midwest Ltd, which filed preliminary IPO papers with Sebi in October last year, obtained its observation letter on February 4, 2025. In Sebi's parlance,
"We have started the process and will follow the letter of the law in terms of the time that it would take. But we are not in a tearing hurry to do the IPO"
Slowing corporate earnings, FPI outflows behind valuation reassessment, say experts
As many as eight firms including defence equipment manufacturer SMPP, Brigade Hotel and PVC blend-based building material maker Kumar Arch Tech have received Sebi's go ahead to raise over Rs 6,500 crore through initial public offerings (IPOs). Other companies that have received Sebi's approval include Solarworld Energy Solutions, Indogulf Cropsciences, Globe Civil Projects, and Prostarm Info Systems, an update with the markets regulator showed on Tuesday. Together, these firms aim to raise more than Rs 6,500 crore. Sebi received preliminary IPO documents from these firms between October and November, and issued its observations during January 28-31, the update showed. In Sebi's parlance, obtaining the observations means its go ahead to float the public issue. Meanwhile, auto component maker Viney Corporation withdrew its draft IPO papers on January 27 without giving a reason. The preliminary documents were filed in October. As for SMPP Ltd, its Rs 4,000-crore IPO includes a fresh
The company said its current shareholder base is around 29,000 and in order to avoid a situation where its shareholder base increases further
Prosus Ventures, Accel, and Tiger Global lead the round, backed by prominent domestic family offices
Economic Survey 2025: India's share in global IPO listings, meanwhile, surged to 30 per cent in 2024, up from 17 per cent in 2023
"Lenskart may seek a valuation of about $8 billion in a potential offering"
These 15 companies accounted for 70 per cent of total fund mobilisation of Rs 93,453 crore via QIP route in the past six months, according to PRIME Database.
Doosan Skoda Power is also offering up to 2.9 million new shares, which would increase its total number of shares to 31.9 million, valuing the firm at 8.3 billion crowns at the upper end of the IPO
7 firms refile DRHPs since September
The IPO comprises a mix of fresh issues worth up to Rs 300 crore and an offer for sale of up to Rs 2,727 crore
Denta Water and Infra IPO: Retail Individual Investors (RIIs) oversubscribed to their portion by 22.69 times with a bid of 5,95,66,750 shares
HDB Financial Services is under scrutiny for alleged companies act violations linked to a $1.5 billion ipo. sebi's findings could lead to penalties or delays in ipo filings, impacting hdb's compliance
Stock Markets Today, Stock Market Prediction, Jan 23: Q3 results, FII activity, weekly F&O Nifty expiry, and global cues will guide the markets today
Following a strong financial performance, Captain Fresh is gearing up for its initial public offering (IPO) by the end of this year and is targeting revenue of $2 billion over the next two years
The offer, which includes up to 10,094,568 equity shares, is aimed at achieving the benefits of listing on stock exchanges