INDIAN IPO PIPELINE
Accenture jitters hit IT; Apple’s India push, charted
IT bellwether Accenture’s Q3 results shake up India’s $280 billion software exports sector. This and more in today’s ETtech Top 5.
Eclectic mix of sectoral options drives IPO momentum: Sonia Dasgupta, JM Financial
Fundraising through IPOs is expected to remain strong, offering investors diverse sectoral options, according to JM Financial. Domestic investors, fueled by robust mutual fund inflows, are playing a crucial role in deal pricing. IPO activity will likely center on mid-sized companies seeking to unlock value and raise capital for expansion.
China's rare earth curbs hit India; Groww eyes bonds
China's rare earth export controls are concerning Indian electronics manufacturers. This and more in today’s ETtech Top 5.
Mukul Agrawal-backed Ellenbarrie Industrial Gases sets price band for Rs 852 crore IPO
Ellenbarrie Industrial Gases IPO: The IPO, comprising both fresh equity issuance and an offer for sale (OFS), has seen lukewarm demand in the grey market, with a grey market premium (GMP) of ₹0 as of June 19 — suggesting no expected listing gains at the current price.
LG Electronics is said to consider resuming IPO of Indian unit
LG Electronics is considering reviving the IPO of its Indian unit as early as September, sources said. The South Korean firm may refile its draft prospectus post-summer with updated financials, targeting a fourth-quarter listing. The IPO was paused in April due to market volatility, and the company had said it would revisit the plan based on market conditions.
Are the mainboard IPOs out of steam? Pranav Haldea answers
Pranav Haldea of Prime Database Group believes mainboard IPOs still have potential. Despite a quiet period, many companies await SEBI approval to raise funds. Larger deals are expected, depending on geopolitical stability. SME IPOs have seen increased retail interest, but investors should be cautious. Haldea advises new investors to consider mutual funds or listed companies before IPOs.
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Qcomm cos on govt radar; Tata upskills in Taiwan
Happy Wednesday! The government may step up surveillance on quick commerce dark stores over rising hygiene concerns. This and more in today’s ETtech Morning Dispatch.
The Wealth Company aims to raise Rs 2,000 cr fund for realty, infra investments
The Wealth Company Asset Management, part of Pantomath Group, aims to raise over Rs 2,000 crore via its Bharat Bhoomi Fund, a Category II AIF targeting execution-ready real estate projects. The fund will invest across data centers, renewables, residential and retail segments, with a strong focus on India's infrastructure-led growth corridors.
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.
Zomato poised for smart rebound post capex cycle: Mayuresh Joshi
Quick commerce companies are investing heavily in dark stores, impacting earnings and cash flow. Competition is intensifying with JioMart and others entering the space. The EV sector faces headwinds due to China's control of rare earth materials and slowing global demand, potentially affecting Indian EV production despite government incentives.
ETMarkets Smart Talk | Dollar strength, geopolitics & yields – the triple threat roiling Indian markets: Anirudh Garg
Amid market volatility fueled by global factors like dollar strength and geopolitical tensions, Anirudh Garg of INVasset PMS offers insights on navigating Dalal Street. He suggests tactical portfolio shifts, highlighting opportunities in sectors like textiles, financials, and defence. Garg emphasizes a data-driven approach to managing risk and uncovering long-term value in a dynamic market.
Sebi approves HDB Financial, Vikram Solar among six IPOs
Sebi has approved IPOs of six companies from sectors like renewable energy, finance, steel, chemicals, jewelry, and logistics. Notable names include Vikram Solar, HDB Financial, and A-One Steels, reflecting a strong IPO pipeline and diversified market interest.
The primary market puzzle: Too much, yet too little?
FY25 saw record IPO and QIP fundraising, but most capital hasn't fueled new projects. Like FY24, funds largely went to debt repayment, general expenses, or promoter exits via OFS. With private investment still below 11% of GDP, hopes of a capex-driven economic revival remain premature.
India's IPO momentum grows on strong fundamentals and investor confidence: Ranvir Davda, HSBC
India's equity market is rebounding due to easing geopolitical tensions, strong earnings, and investor inflows. IPO momentum is supported by differentiated stories, sectoral interest in manufacturing and tech, and optimism around India's structural growth and China+1 opportunities.
Leela Hotels plans Rs 2,500 crore IPO to reduce debt and expand operations
Leela Hotels, a luxury hospitality chain, is planning an initial public offering. The company aims to raise funds to repay its debt. The promoter group's stake will decrease after the IPO. Leela Hotels has shown revenue growth. The company operates several hotels and resorts under 'The Leela' brand. They plan to launch new hotels by 2028.
Stable and sustainable for long-term investors: 10 stocks from the energy ecosystem with upside potential of more than 20%
In sectors undergoing structural changes, there comes a point where companies in the sector will either produce results, or they will disappoint. Now, as they get closer to that point, the street begins to discount possible future earnings. In the case of the energy sector, the transformation has been slower. But it is stable and stronger in the sense that once it happens, it stays for years. Investors looking for long-term opportunities may as well have these stocks from the energy ecosystem on their watchlist.
Hyundai sends fact-finding team to India as market share hits 12-year low
Hyundai Motor faces challenges in India. Market share declined to a low since FY13. Competition from Mahindra and Tata Motors increased. A fact-finding team was dispatched to analyze the situation. Internal concerns surfaced during CEO's visit. New plant in Maharashtra will offer capacity for expansion. Analysts point to underperforming models. Launch pipeline is expected to turn favorable from CY26.
JM Financial to grow 4 focused businesses going forward: Nishit Shah
JM Financial is focusing on four key business areas for growth. These include affordable housing, private credit, wealth and asset management, and corporate advisory. The company increased its stake in JM Financial Credit Solutions. They aim to originate, invest, and syndicate transactions. The wealth management business has seen increased AUM and investments.
To open source or not; Urban Company founders sell stock
Happy Wednesday! With Sarvam’s new government assignment, India is debating open sourcing. This and more in today’s ETtech Morning Dispatch.
India dominates global IPO scene, raising $2.8 billion in March quarter: EY report
India accounted for 22% of global IPO activity in Q1 2025, raising $2.8 billion across 62 IPOs. Strong investor interest and sectoral growth supported robust market momentum.
India ranks among top IPO markets with $2.8 billion raised in Q1 2025: EY Report
India captured 22% of global IPO activity in Q1 2025 with 62 listings raising $2.8 billion, led by Hexaware’s $1 billion issue. Despite a 20% year-over-year decline, investor confidence remains strong, bolstered by record M&A deals and sectoral diversity across IPO offerings.
Sensex & Nifty are healing. But will this revive the Rs 2 lakh crore IPO pipeline lying in dumps?
After a tepid start to 2025, the Indian IPO market is showing tentative signs of revival, buoyed by recovering secondary markets. A Rs 2 lakh crore pipeline awaits, with Ather Energy's IPO serving as an early test. Analysts are cautiously optimistic, anticipating increased activity in the second half of the year if stability persists and companies adopt realistic pricing strategies.
Ex-Premji invest, International Finance Corporation trio’s fund bags Rs 1,000 crore
Manipal group chairman Ranjan Pai’s family office Claypond Capital has anchored the fund with capital infusion from over 30 startup founders including those of Lenskart, PolicyBazaar, Persistent Systems, Livspace, KreditBee, Amagi, Netcore, Addverb, Sagar Cements, and Triveni Polymers, the company said.
Retail rush, IPO fever push FY25 fundraising to record Rs 20 lakh crore
Indian corporates shattered fundraising records in FY2024-25 by raising Rs 19.96 lakh crore through equity and debt instruments. Equity mobilisation doubled to Rs 3.71 lakh crore, driven by significant IPO activity and a resurgence in Qualified Institutional Placements. Debt fundraising also reached an unprecedented Rs 11.12 lakh crore.
The josh for Indian IPOs is high again. Does it indicate a market bottom?
Despite recent market volatility, several companies in India have shown renewed interest in IPOs, indicating market stabilization. Experts believe this signifies the absence of a prolonged negative return phase and highlights a strong Indian economic outlook bolstered by positive indicators and sectoral growth.
Companies rush to file for IPOs despite weak market
This surge in draft filings signals a strong pipeline of upcoming IPOs, even amid prevailing market uncertainties. So far, 52 companies have secured Sebi approval for their public issues, while a total of 65 firms have submitted draft IPO papers to the market regulator.
India records 22 IPOs worth over $2.5 bn in Jan-Mar period
In the SME segment, there were 5 IPOs in the first quarter of this year versus 11 and 9 IPOs in the first quarter of 2020 and fourth quarter of last year, respectively. This represents a decrease of 55 per cent compared to Q1 2020 and a decline of 44 per cent compared to Q4 2020.
Global liquidity & buoyed market trigger IPO gold rush
Global liquidity and bull run in domestic equity market helped Indian companies raise over ₹31,000 crore through initial share-sale in this fiscal year and the IPO pipeline remains strong for 2021-22 too, experts said on Sunday.
IPO mkt heads for mega year; 50 cos raise $2.93-bn in 2016
IPOs are set to hit a six-year high, with USD 2.93 billion already completed and a further USD 2.90 billion of IPOs in pipeline for 2016.
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