SEBI IPO APPROVAL
Glottis, Amanta Healthcare receive Sebi nod to raise capital via IPO
Logistics firm Glottis and pharma company Amanta Healthcare have received Sebi’s approval to launch IPOs. Glottis plans to raise up to Rs 160 crore via a fresh issue and an OFS of 1.45 crore shares. Amanta will issue 1.25 crore fresh equity shares. Both companies refiled their DRHPs earlier this year after previously withdrawing their IPO plans.
GNG Electronics gets SEBI nod to raise funds via IPO
GNG Electronics, a laptop and desktop refurbisher, has received SEBI approval for its IPO comprising a fresh issue worth Rs 450 crore and an OFS of 51 lakh shares. Motilal Oswal Investment Advisors, IIFL Capital Services (formerly IIFL Securities), and JM Financial are acting as the book-running lead managers to the issue.
Hero FinCorp plans first offshore bond issuance to raise $300 million
Hero FinCorp is considering its inaugural offshore bond issuance, potentially raising up to $300 million through a dollar-denominated bond. The NBFC, part of the Hero Group, recently conducted roadshows in Hong Kong and Singapore to gauge investor interest.
Tata Capital IPO coming next month? Sebi clears road for Rs 17,200 crore issue
Tata Capital is nearing its Rs 17,200 crore IPO after securing SEBI's approval for its confidential draft prospectus, potentially launching in July. This move aligns with the RBI's mandate for large NBFCs to list by September 2025. The company reported strong financial results, with a 31% increase in net profit for the March quarter.
NSE IPO clears final regulatory hurdles, as Sebi chief Tuhin Kanta Pandey says no obstacle remains
India’s largest stock exchange, NSE, is finally nearing its IPO after SEBI Chairman Tuhin Kanta Pandey confirmed there are no remaining regulatory hurdles. Pending legal settlements and compliance fine-tuning are the last steps before the bourse’s market debut.
Sebi approves Tata Capital’s confidential DRHP for Rs 17,200 crore IPO
Tata Capital is nearing its ₹17,200 crore IPO launch as SEBI has cleared its draft papers. The IPO, one of the largest in the financial sector, includes a fresh share issue and an offer for sale by Tata Sons.
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Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
BSE introduces AI tool to speed up SME IPO document checks
To enhance the SME listing process, BSE has rolled out an AI-powered tool that pre-screens draft IPO documents. The system helps merchant bankers identify compliance gaps early, significantly reducing review time. While not a replacement for BSE’s final check, it improves efficiency and accuracy in the IPO filing workflow.
Sebi proposes 5-point AI rulebook for securities market. Check details
Sebi has released a consultation paper proposing a 5-point regulatory framework for the responsible use of AI and ML in India’s securities markets. The guidelines focus on governance, transparency, fairness, data security, and risk controls, aiming to balance innovation with investor protection.
Qcomm’s worker woes; Capillary’s IPO moves
Quick commerce platforms are facing challenges in hiring and retaining delivery drivers amid rising competition. This and more in today’s ETtech Morning Dispatch
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.
Capillary Technologies files IPO papers; aims to raise Rs 430 cr
SaaS firm Capillary Technologies India has filed preliminary papers with markets regulator Sebi to seek approval to raise funds through an initial public offering (IPO).
Explained! What Sebi's nod on co-investment within AIFs means for investors, fund managers
Market regulator Securities and Exchange Board of India (Sebi) on Wednesday approved a new framework allowing Category I and II Alternative Investment Funds (AIFs) to offer co-investment opportunities directly within the AIF structure. In market parlance, ‘Co-investment’ refers to investment made by a manager or sponsor of the AIF or by investor of Category I and II AIFs in unlisted investee companies where such Category I or Category II AIF(s) invests.
Sebi eases regulations for startup founders and public sector cos to boost capital market
The Securities and Exchange Board of India (SEBI) has approved new rules. Startup founders can now hold employee stock options after listing. Alternative investment funds get co-investment opportunities. Public sector companies can voluntarily delist with relaxed norms. Foreign funds will benefit from eased investment rules. These changes aim to boost investment and simplify regulations for businesses in India.
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.
Sebi relaxes Esop norms for IPO-bound startup founders
In a move benefiting startup IPOs, Sebi will now allow founders to retain ESOPs granted at least a year before filing IPO papers. It also approved simplifying Qualified Institutional Placement documents, reducing redundant disclosures to streamline capital-raising processes for listed companies.
Sebi eases delisting norms for PSUs with over 90% government holding
Sebi has introduced new measures to simplify voluntary delisting for specific PSUs, excluding banks, NBFCs, and insurance firms, where the government or other PSUs hold at least 90% of shares. The amended regulations allow delisting through a fixed price mechanism, eliminating the need for a two-thirds majority approval from public shareholders.
Sebi board meeting: Regulator eases IPO rules for start-up founders, mandates dematerialisation of securities
SEBI has relaxed ESOP rules for startup founders, allowing them to retain or exercise share-based benefits post-listing, provided they received them at least a year before filing the DRHP. To enhance market transparency, dematerialization of securities is now mandated for a wider range of stakeholders.
Sebi board meeting: Regulator approves PSU delisting, IPO reforms, dematerialisation of Securities. 10 key takeaways
Market regulator Securities and Exchange Board of India (Sebi) on Wednesday introduced special delisting route for PSUs with 90% or more government holding. In its 210th board meeting, the market regulator approved a slew of measures including dematerialisation of securities ahead of IPOs, Simplified disclosures for institutional placements and FPI rules for investments in G-Secs.
Pune-based PNGS Reva Diamond Jewellery files draft papers for Rs 450 crore IPO
PNGS Reva Diamond Jewellery has filed a DRHP with Sebi to raise ₹450 crore via IPO. Proceeds will fund 15 new stores, brand marketing, and general corporate purposes. The fresh issue reflects expansion ambitions post-split from P.N. Gadgil & Sons.
IPO-bound BlueStone geared for unicorn tag
Bluestone is preparing for its public market debut. 360 One and Centrum Wealth are facilitating secondary deals. These deals amount to Rs 300–350 crore. The transaction values Bluestone at Rs 10,500 crore. RB Investments will fully exit Bluestone through these deals. Bluestone's IPO includes a fresh capital raise. The company reported revenue of Rs 1,266 crore in fiscal 2024.
Sebi clears IPOs of Sunshine Pictures, M&B Engineering, and Lumino Industries
Three firms — Sunshine Pictures, M&B Engineering, and Lumino Industries — have secured Sebi approval to raise over Rs 1,650 crore via IPOs. Proceeds will be used for debt repayment, working capital, capex, and corporate needs, with mixed fresh issues and OFS components across all three companies.
MCX shares hit record high on report of electricity derivatives launch this year
Share price of Multi Commodity Exchange of India (MCX) surged to a record high following reports that the exchange is set to launch electricity derivatives, a move already approved by SEBI. These contracts aim to help market participants better manage power price volatility and are expected to bridge the gap between the physical and financial power markets.
Bike taxis slam brakes in K’taka; Meesho’s flipback nod
Ride-hailing apps halted bike-taxi operations in Karnataka from Monday, as the high court-imposed ban came into effect. This and more in today’s ETtech Top 5.
Meesho secures NCLT approval for reverse flip; faces $280-300 million tax outgo in the US
Meesho, like fellow Y Combinator-backed startups Groww and Razorpay, was incorporated in the US to simplify access to global capital. However, with the aim of listing on Indian exchanges, these companies have been shifting their registered bases here.
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.
Meesho’s reverse flip may conclude this week; likely to file IPO papers this month, say sources
The Bengaluru-based ecommerce marketplace is eyeing a $700-800 million IPO, but the issue size and the timelines could change depending on the market conditions. Meesho is likely to file the papers under Sebi’s confidential route.
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.
HDB Financial Services and five other companies secure SEBI approval for IPOs
HDB Financial Services, along with five other companies, has received Sebi's approval for their IPOs. HDB Financial's ₹12,500-crore IPO includes a fresh issue and an offer for sale, aiming to boost its tier-I capital. As an upper-layer NBFC, HDB Financial must list by September 2025 per RBI rules. Vikram Solar, A-One Steels India, and others also got the green light.
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