EQUITY CAPITAL RAISE
Reduce time lag between financial results and annual reports: Sebi to CFOs
Markets regulator Sebi on Friday urged Chief Financial Officers (CFOs) to reduce the time lag between the announcement of financial results and the publication of full annual reports, which is aimed at enhancing investors' confidence.
Jefferson Capital, backers aim to raise $170 million in US IPO
Jefferson Capital, a debt buyer backed by private equity, plans to raise up to $170 million through a US IPO. The move aims to fund growth and debt repayment. The offering includes shares from the company and existing shareholders amid rising investor interest in financial services.
Aten Papers and Foam IPO opens for subscription today. Check details
Aten Papers and Foam's IPO, featuring a fresh equity sale of 33 lakh shares, opened on June 13, aiming to raise Rs 31.68 crore. With a price band of Rs 91-96 per share, the IPO proceeds will fund capital expenditure, working capital, and general corporate needs. The company, a paper supply chain intermediary, saw revenue rise 43% to Rs 138.
Stocks in news: Torrent Power, ICICI Bank, HCL Tech, Canara Bank, RIL
Markets faced pressure on the weekly expiry day, declining over a percent after consolidation. Several companies are in focus, including Genus Power, potentially selling a 5.88% stake, and DCM Shriram, acquiring Hindusthan Specialty Chemicals. Jubilant Group promoters plan to sell stakes in listed companies, while CSB Bank's CEO gets a reappointment.
Oswal Pumps plans Rs 890 crore IPO to repay debt, expand capital expenditure
Oswal Pumps is launching an IPO to raise funds for debt repayment and capital expenditure, while promoter stake will decrease. The company's revenue has grown, largely driven by government contracts under the PM-Kusum Scheme. However, increased collection time and working capital needs, along with reliance on a single scheme, suggest investors should monitor performance post-listing despite attractive valuation.
Oswal Pumps raises Rs 416 crore from anchor investors ahead of IPO
Oswal Pumps secured ₹416.2 crore from anchor investors before its IPO opening on June 13. The IPO includes fresh equity and an offer-for-sale totalling ₹1,387 crore. Strong interest came from top global and domestic institutional funds.
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ArisInfra Solutions to Launch Rs 500 crore IPO on June 18. Check details
ArisInfra Solutions, a tech-driven B2B construction materials platform, will launch its Rs 499.59 crore IPO from June 18–20. Proceeds will fund working capital, tech upgrades, logistics, and expansion. The company simplifies bulk procurement for infrastructure clients via a digital interface.
Integrum Energy and Connplex Cinemas receive regulatory nod for IPOs
Integrum Energy and Connplex Cinemas secured IPO approvals from BSE and NSE Emerge, respectively. Integrum plans to fund solar projects and expansion, while Connplex aims to enhance cinema infrastructure in smaller cities. Both firms reported strong FY24 financials, signaling growth potential.
Mirae Asset MF, BlackRock, others buy 1.8 pc stake in AB Capital for Rs 1,136 cr
Major financial players like Mirae Asset MF and BlackRock invested Rs 1,136 crore in Aditya Birla Capital, acquiring a 1.8% stake through open market transactions. Advent International, through Jomei Investments, divested a portion of its holdings in the financial services company. Following these transactions, Aditya Birla Capital's shares experienced a rise on both the BSE and NSE.
Big-ticket IPOs ahead: NSDL, HDB Financial, and other marquee firms set for market debuts soon
After a slow start to the year, India’s IPO market is regaining momentum with over 30 companies tapping the markets in the last two months. More than 67 firms await SEBI approval to raise over Rs 1 lakh crore. Key listings in the pipeline include NSDL, HDB Financial, and Vikram Solar, with FY26 IPO fundraising projected to surpass Rs 2 lakh crore.
Global investor FOMO has D-Street flush with block trades & fresh IPOs
India's stock market is experiencing a resurgence, with share sales reaching $6.4 billion in May, the highest since December 2024, fueled by substantial block trades. A recent interest rate cut by the central bank has further boosted investor confidence.
Monolithisch India IPO opens today: Key details investors should know
Monolithisch India's SME IPO is now open for subscription, aiming to raise Rs 82.02 crore. The IPO will remain open until June 16. Shares will be listed on NSE SME with tentative listing date of June 19, 2025. The company plans to use the funds for expansion and working capital.
Nuvoco Vistas plans to raise Rs 1,200 crore for Vadraj buyout
Nuvoco Vistas plans to raise ₹1,200 crore through CCDs and CCPS in Vadraj Cement to refinance bridge facilities used for the ₹1,800 crore acquisition. Trust Capital is arranging the fundraising, which involves merging Vanya into Vadraj after the acquisition. The funds will refinance short-term debt through long-term maturity instruments.
$1 billion boarding pass? Adani Airport may raise equity from international investors as it charts expansion route
Adani Airport Holdings is considering raising $1 billion from global investors. The company is evaluating growth plans and acquisitions. Interest has been shown by investors from the US, Middle East, and Australia. AAHL aims to triple capacity in the next 15 years. The company is also open to acquisitions both in India and internationally.
Marelli files for Chapter 11 bankruptcy in US as hedge funds take control
Marelli Holdings, grappling with $4.4-4.5 billion in debt, has filed for Chapter 11 bankruptcy in the US, offering a respite from financial pressures. Strategic Value Partners is poised to acquire the company with a $1.1 billion financing package, while KKR writes off its investment.
FlexiLoans raises Rs 665 Crores in six months, closes latest Rs 375 crore in Series C round
The investment comprised of both primary equity to fuel operational expansion and secondary transactions to facilitate liquidity for existing investors.
Flexiloans raises another Rs 375 crore from Fundamentum, Accion and others
Flexiloans, an NBFC focusing on small businesses, secured Rs 375 crore in funding, led by existing investors like Fundamentum and Accion. This capital infusion, a mix of primary and secondary, will fuel its expansion into secured lending and insurance distribution. Flexiloans achieved profitability for three consecutive years, with Rs 263 crore revenue and Rs 3 crore profit in FY24.
IFL Enterprises to raise Rs 49 cr through rights issue
Agri commodity trading firm IFL Enterprises on Tuesday said its board has approved to raise up to Rs 49.14 crore through a rights issue of equity shares.
Kent RO Systems among four firms to win Sebi nod for IPOs
IPO approvals have been granted to four companies: Kent RO Systems, Vidya Wires, Karamtara Engineering, and Mangal Electrical Industries. Their planned public offerings, comprising a combination of fresh issues and offers for sale, represent a diverse range of sectors—including water purifiers, kitchen appliances, transformers, and specialty wires.
Morgan Stanley markets $5 billion for Elon Musk-owned xAI in loans, bonds, sources say
Morgan Stanley is marketing $5 billion xAI debt with floating and fixed rate options amid an ugly public dispute between the AI firm's owner, Elon Musk, and US President Donald Trump. xAI has also been in talks to raise $20 billion equity funding, with valuation discussed as high as $200 billion.
Motherson's Marelli takeover faces US hedge fund bump
Samvardhana Motherson is preparing to compete with Strategic Value Partners (SVP) for the acquisition of Marelli Holdings. Motherson is reportedly raising $2 billion for the deal. Marelli's board is meeting to decide the company's future amidst financial struggles. Motherson has proposed a financial package involving KKR writing off its shares and Motherson acquiring new shares and debt.
Always emerging, never emerged?
BRICS has acquired a reasonable economic heft in relation to G7 and, tellingly, has quite a way to go in reaching the latter's consumption levels. An economic structure that requires EMs to focus on domestic demand also frees up global capital for that specific purpose. Faster-growing EMs should build their capacity to absorb capital, as Morgan Stanley's Gokul Laroia said in an interview to this paper.
Monolithisch India Limited launches Rs 82.02 crore IPO
Headquartered in Ranchi, Monolithisch India Limited, the manufacturer of specialized ramming mass has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform.
Oswal Pumps files DRHP for Rs 890 crore IPO
Oswal Pumps has filed a draft red herring prospectus with SEBI to raise up to Rs 890 crore via IPO, comprising a fresh issue and an OFS by promoter Vivek Gupta. The Karnal-based pump and solar solutions maker plans to list on BSE and NSE, with the issue opening for public subscription from June 13 to June 17.
ETtech Deals Digest: Startups raise $142.7 million this week, up 8.5% on-year
Startups across seed, early and late stages raised the funds through 14 deals, compared to 64 in the year-ago period. Top deals across the week included Syfe, Udaan, Pepperfry and Stable Money.
Goldman funds $600 million equity for Coca-Cola India unit sale
Goldman Sachs Asset Management has provided $600 million to Jubilant Bhartia Group through convertible preference shares, aiding their $1.5 billion acquisition of a 40% stake in Coca-Cola's Indian bottling unit. This investment, part of Goldman Sachs' private credit strategy, helps Jubilant avoid excessive debt while limiting equity dilution. Jubilant will fund the remaining amount through equity and debt.
Medibuddy eyes $130 million in pre-IPO
Medibuddy was founded by IIT Madras alumni Satish Kannan and Enbasekar Dinadayalane. Its shareholders include a Liechtenstein royal family fund and Quadria Capital, among others. The fund raise has attracted prominent Indian and global private equity firms, as per those familiar with the matter. The health tech firm matches patients with doctors, hospitals and diagnostic service providers.
Gaja Capital raises Rs 125 cr in pre-IPO round, on track to be first listed PE firm in India
Gaja Capital has raised Rs 125 crore in a pre-IPO round from long-term investors including SBI Life, HDFC Life, Enam, and Jagdish Master, valuing the firm at Rs 1,625 crore. It aims to become India’s first listed standalone private equity firm. The funds will help seed new funds, expand distribution, and explore new strategies, marking a milestone for alternative asset management in India.
YES Bank shares in focus after board clears plan to raise Rs 16,000 crore in equity and debt
YES Bank's board has approved a fundraising plan of up to Rs 16,000 crore for FY26, involving both equity and debt instruments across domestic and international markets. As part of its partnership with SMBC, YES Bank will amend its Articles of Association to facilitate SMBC's increased stake.
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