INITIAL PUBLIC OFFERING
GIFT City’s IPO push faces teething issues
GIFT City's first IPO withdrawal, XED Executive Development's Rs 110 crore offering, highlights challenges for its stock listing ambitions. KYC issues and limited institutional participation, coupled with restrictions on domestic investors, are prompting potential issuers to reconsider listing plans in India's international finance hub.
xAI CFO Anthony Armstrong leaves the company: Report
Anthony Armstrong, xAI's Chief Financial Officer, has left the company. This departure is part of a larger trend of senior staff exits. Armstrong was instrumental in guiding X's finances back to stability. Meanwhile, SpaceX is preparing for a significant initial public offering. The space company aims to raise a substantial amount of capital.
Anthropic completes tender offer, but employees hold onto shares
The total value of the share sale, which closed last week, could not be learned — but it fell short of the amount that investors had lined up, which was as much as $6 billion, some of the people said. Current and former employees wanted to hold more of their shares ahead of Anthropic’s upcoming IPO.
China's Sigenergy Technology aims to raise $562 million in Hong Kong IPO
The deal comes as Beijing's heightened scrutiny of so‑called red‑chip listings is expected to slow Hong Kong IPO activity, with regulators pushing some China‑linked firms incorporated offshore to reorganise before going public.
India keeps $5.4 billion worth of IPOs alive with relaxed rules
India's market regulator has extended IPO approval deadlines by six months, safeguarding over 500 billion rupees in potential listings. This move addresses market volatility and investor concerns, impacting around 40 companies.
Svatantra Microfin said to prepare for $250 million India IPO
Svatantra Microfin, backed by Advent International, is preparing for an initial public offering that could raise up to $250 million. The microfinance firm, founded by Ananya Birla, has appointed Kotak Mahindra Capital and Axis Capital as advisers and plans to file draft paperwork in the coming months. The offering will likely include both new and existing shares.
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Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuation
Digital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last private round before a planned public listing. The company is awaiting regulatory approval for its initial public offering. Kreditbee has expanded its offerings and is investing in new technology.
US Stocks: Intel to join Elon Musk's Terafab mega AI chip project
Intel said on Tuesday it would join Elon Musk's Terafab AI chip complex project along with SpaceX, Tesla and xAI.
'Power' packed move: Cabinet approves Mahavitaran recast, IPO plan, separate agri energy firm
Maharashtra's state-owned power distribution firm will be split into two entities under a financial restructuring plan approved by the state cabinet on Tuesday and one of it will be listed on bourses after an IPO is launched within six to nine months of the recast process.
Core4 Engineers files draft papers with BSE's SME platform; to raise funds via IPO
Core4 Engineers is preparing for its Initial Public Offering on the BSE SME platform. The company plans to raise funds through a fresh issue of equity shares. These funds will be used for acquiring property to establish a new manufacturing unit and corporate office. Additionally, the capital will support incremental working capital needs and general corporate purposes.
US Stock Market | Aerospace stocks soar as SpaceX IPO buzz ignites sector optimism
Aerospace and space stocks rallied after reports that SpaceX has confidentially filed for an IPO, potentially valuing the company at over $1.75 trillion. The move boosted sector sentiment, lifting related firms and ETFs, while reinforcing optimism around space as a key growth frontier driven by structural industry tailwinds.
SpaceX's business and finances: Rockets, satellite communications and budding AI
SpaceX is gearing up for a massive stock market debut, potentially the largest ever. The Elon Musk-led company is known for its rocket launches and Starlink internet service. SpaceX is also developing its Starship for lunar and Mars missions. Recent financial reports show significant revenue growth. The company's acquisition of xAI further expands its reach into artificial intelligence.
SpaceX lines up 21 banks for mega IPO, code-named project Apex
SpaceX is preparing for a massive initial public offering. The rocket company is collaborating with over 20 banks for its upcoming stock market debut. This listing, codenamed Project Apex, is anticipated in June. Experts estimate SpaceX could be valued at a staggering $1.75 trillion. This move signals a significant event for Wall Street and the aerospace industry.
Online travel platform Travomint files confidential IPO papers with Sebi
SNVA Traveltech Ltd, the operator of online travel platform Travomint, has submitted preliminary IPO papers to Sebi via the confidential route. The Noida-based company aims to leverage this approach for greater flexibility in its public offering preparations. Travomint, established in 2017, offers comprehensive travel booking solutions globally.
Kay Jay Forgings files draft papers with Sebi for Rs 360-cr IPO
Auto components maker Kay Jay Forgings Ltd is set to launch an Initial Public Offering (IPO) aiming to raise Rs 360 crore. The funds will be utilized for expanding manufacturing facilities, including a solar power plant, and for debt reduction. The company, a leading supplier of crankshafts to two-wheeler OEMs, reported strong revenue and profit growth in FY25.
Rediff files confidential IPO papers; eyes Rs 600-800 crore fundraise
The proposed initial public offering could raise between Rs 600 crore and Rs 800 crore, although the final size will depend on market conditions and regulatory approvals. The move comes amid a broader strategic repositioning of Rediff from a legacy internet portal to an AI-led digital platform.
US Stock Market | SpaceX lines up 21 banks for mega IPO, code-named project Apex
SpaceX is preparing for a massive initial public offering. The rocket company is collaborating with over twenty banks for its upcoming stock market debut. This listing, internally known as Project Apex, is anticipated in June. Experts estimate SpaceX's valuation to reach a staggering $1.75 trillion. Major financial institutions are leading the underwriting process for this significant event.
RBI caps loans for purchase of shares, securities at Rs 1 crore
The Reserve Bank of India has capped loans for share purchases at ₹1 crore per borrower across the banking system, with IPO and ESOP funding limited to ₹25 lakh. These measures aim to curb speculative borrowing and reduce credit risk for banks.
Zetwerk IPO: Company files confidential papers for Rs 5,000 crore offering
Zetwerk IPO update: Zetwerk has filed a confidential prospectus with the Securities and Exchange Board of India for an IPO, and is planning a Rs 5,000 crore offering while exploring a pre-IPO round. The startup is facing weaker market conditions, with new-age IPOs under pricing pressure and investors seeking aggressive valuations. Its operating revenue fell 11% in fiscal 2025, though net loss narrowed.
RBI caps loans against shares at Rs 1 crore system‑wide, defers norms to July
The Reserve Bank of India has capped loans for buying shares and other securities at ₹1 crore per borrower across the banking system, while loans for IPOs, follow-on offers and ESOPs are limited to ₹25 lakh per individual. The move aims to curb excessive speculative borrowing and reduce risks from leveraged positions during market swings.
XED Executive Development withdraws first-ever GIFT IPO
XED Executive Development has withdrawn its initial public offering from GIFT City's IFSC due to a cautious investor mood. Despite retail interest, procedural issues and subdued institutional participation led the company to postpone its market debut. The board opted to wait for a more opportune time, citing market volatility and liquidity concerns.
Pioneer Fil-Med files papers with Sebi for Rs 500 cr IPO
Pioneer Fil-Med Ltd, a railway components maker, is planning an Initial Public Offering. The company aims to raise Rs 500 crore through a mix of fresh equity and an offer for sale. Proceeds will fund new manufacturing facilities for gearboxes and wind generator components. This move is expected to boost brand visibility and provide market liquidity for its shares.
Rentomojo IPO: Furniture e-marketplace files DRHP with Sebi; to raise Rs 150 crore from fresh issue
E-marketplace Rentomojo Limited has filed its Draft Red Herring Prospectus with Sebi for an Initial Public Offering (IPO), aiming to raise Rs 150 crore through fresh equity issuance. The company, a leader in the home furniture and appliance rental segment, plans to utilize the proceeds for debt repayment, lease rentals, and general corporate purposes.
Rentomojo files draft papers with Sebi for IPO; plans Rs 150-cr fresh issue
Online rental platform Rentomojo Ltd has filed preliminary papers with Sebi for an IPO, aiming to raise funds through a fresh issue of Rs 150 crore and an offer-for-sale. The company plans to use the proceeds for debt repayment, warehouse expenses, and general corporate needs. Rentomojo is a leading player in the organized online rental segment for furniture and appliances.
DBS joins buzzing India ECM space with mandate in $1 billion IPO
DBS Group Holdings Ltd. has launched its equity capital market operations in India. The Singaporean lender secured its first deal with Manipal Health Enterprises Pvt. for a $1 billion initial public offering. This move signals DBS's strong commitment to India's growing capital markets. The bank aims to provide a full suite of investment banking services to Indian businesses and investors.
SpaceX plans to file for $75 billion IPO as soon as this week: Report
SpaceX is aiming to file its initial public offering prospectus with regulators later this week or next week, The Information reported on Tuesday, citing a person with direct knowledge of the plans.
Veeba Food is said to plan IPO to raise up to $200 million
VRB Consumer Products, maker of Veeba sauces, is preparing an IPO that could raise up to $200 million. The firm has hired Axis Capital, Motilal Oswal Investment Advisors and Jefferies Financial Group, with the offering likely combining new shares and investor stake sales.
Coal India board approves up to 35% divestment in SECL via OFS, fresh issue; up to 25% in Mahanadi Coalfields
Coal India's board has approved divesting up to 25% of its stake in South Eastern Coalfields Ltd (SECL) via Offer for Sale, alongside a fresh issuance of up to 10% equity through an IPO or other market routes. This move, along with a similar divestment in Mahanadi Coalfields Limited, aims to raise capital and explore overseas opportunities in critical minerals.
Sai Parenteral's raises over Rs 122 crore from anchor investors
Sai Parenteral's Ltd has raised over Rs 122 crore from anchor investors ahead of its IPO opening on March 24. The Hyderabad-based pharmaceutical company allotted equity shares at Rs 392 apiece to prominent investors like Morgan Stanley Asia and Kotak Lifesciences Fund.
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