GCONNECT LOGITECH IPO SIZE
Anthropic wants to create new billionaires through its IPO, but American voters are growing tired of Big Tech's wealth explosion
Anthropic is preparing for a significant IPO amid growing public resistance to AI-related infrastructure projects. Investors are discussing a valuation between $1 trillion and $1.5 trillion for the Nasdaq listing. Communities express concerns over environmental impacts and rising electricity costs linked to data centres. Public sentiment is shifting against technology companies, raising questions about economic benefits versus local costs.
Scripbox shareholders approve conversion into public company ahead of IPO
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.
Maxwell Engineering shares list at 90% premium. Here's how HGS, other 2 SME issues debuted
Maxwell Engineering Solutions, HGS (India), Vectras Enprocon, and Johnsoncab Electricals recently marked their presence on the stock exchange, collectively raising around Rs 201 crore via their IPOs. Maxwell Engineering Solutions enjoyed a spectacular debut, while shares of HGS (India) also surged. However, Vectras Enprocon's performance was lackluster, with a tepid market response. Each firm presented varying subscription rates and price bands during their offerings.
Anthropic may need to cut IPO ambitions as investors balk: report
Anthropic may have to accept a lower valuation than the $1.5 trillion it had been targeting for its stock market debut, after a sharp tech sell-off spooked key investors, the Wall Street Journal reported Thursday. The listing comes amid growing nervousness among investors about the huge sums being poured into AI. Three major investors who plan to take part in the offering told the Journal the valuation would likely need to be lowered, with one saying it could end up closer to $1 trillion.
Sitaram Denims India files IPO papers with Sebi
Sitaram Denims India Ltd plans to launch an initial public offering with two components. The IPO includes a fresh issue of equity shares and an offer for sale by promoters. Proceeds from the fresh issue will be used for various purposes including repayment of borrowings and working capital requirements. The company aims to set up a new garment manufacturing facility in Bhilwara to expand capacity.
Bombay Coated & Special Steels shares to list today; GMP points to 10% listing premium
Bombay Coated & Special Steels is set to list on November 5, 2026, with a 10% grey market premium following 63.89 times IPO subscription. The Rs 183.06 crore issue aims to reduce debt, fund equipment acquisitions and support corporate requirements, backed by steady financial growth.
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US Treasury shifts language, opening door to auction size changes
The US Treasury Department has updated its regulations regarding upcoming auction sizes for treasury securities. This revision hints at a potential increase in the issuance of short- and intermediate-term debt. They also flagged a likely decrease in demand for longer-term 20- and 30-year auctions. Future adjustments will rely on demand trends and financial requirements, with the Treasury planning to consult market participants for a thorough understanding of these changing factors.
BLS Polymers shares rally 6% after strong stock market debut
BLS Polymers shares extended their strong debut gains, rising nearly 6% on Wednesday after listing at a 65% premium to the IPO price. The issue received 241 times subscription, while the company reported higher income and profit in FY26.
M.K. Sons Fine Jewels shares list at 6% premium over IPO price
M.K. Sons Fine Jewels made its stock market debut at a 6% premium over its IPO price. The company raised Rs 275.40 crore through its initial public offering, which saw high investor interest. Shares opened at Rs 171 compared to the issue price of Rs 162, indicating strong demand. The company's financial performance showed significant growth, with income rising to Rs 539 crore in FY26.
Two SME IPOs list today: Carver Roboweld, Ajwa Projects shares make BSE SME debut
Ajwa Projects and Carver Roboweld are set to list on the BSE SME platform on November 4, 2026, after collectively raising Rs 66.34 crore. While Ajwa Projects’ IPO received modest subscription of 1.12 times, Carver Roboweld attracted strong investor demand, achieving an overall subscription of 25.80 times.
Coal India said to plan $1 billion MCL IPO as soon as this month
Coal India is preparing a $1 billion IPO of its subsidiary Mahanadi Coalfields, potentially launching in late November or early December 2026. The offer will involve a 10% stake sale by the parent, valuing MCL at up to $10 billion. MCL contributed 22.4% of India's non-coking coal production in FY26.
SFC Environmental Technologies shares debut at nearly 8% premium to IPO price
In a landmark event, SFC Environmental Technologies debuted on the stock exchange with a promising start, opening at a premium. The IPO garnered impressive attention, being oversubscribed 9.47 times. Institutional investors showed particular interest, leading to an 18.81 times subscription in the QIB segment. The raised capital will be directed towards settling borrowings and facilitating working capital. SFC is known for its cutting-edge solutions in managing wastewater and solid waste.
Stellar Start! BLS Polymers shares list at 65% premium over IPO price
BLS Polymers' Rs 255-crore IPO received 241 times subscription, with strong demand across investor categories. Ahead of its November 3 listing, the issue commanded a 45% grey market premium, indicating expectations of strong listing gains.
Wiscon Industries SME shares to list today: Check subscription status and key detail
Wiscon Industries will debut on the BSE SME platform on November 3, 2026, following its Rs 110-crore IPO, subscribed 88% overall. The Delhi-based consumer electronics supplier plans to use proceeds for subsidiary expansion, working capital and marketing. Its revenue surged to Rs 73.39 crore in FY26, reflecting rapid business growth.
EAAA India draws HDFC MF, Carnelian Asset, and L&T in Rs 316 crore listing-day bulk deals
EAAA India Alternatives attracted Rs 316.3 crore in listing-day bulk deals from HDFC Mutual Fund, Carnelian Asset Management and L&T. The stock listed at a marginal premium before gaining 3.8% over its IPO price.
IPO-bound StockGro's profit jumps 3-fold to Rs 113 cr in FY26 on strong revenue growth
In FY26, StockGro showcased substantial growth, achieving a profit after tax of Rs 112.96 crore while nearly doubling its revenue to Rs 226.14 crore, largely propelled by rising subscription fees. Operational costs increased, leading to higher total expenses. As the company gears up for an IPO, preliminary papers have been submitted to Sebi, with StockGro currently serving over 35 million users and capitalizing on India’s booming retail investment market.
Indian IPO market clocks record Rs 84,400 crore in H1 FY27, fundraising jumps 30%
India's mainboard IPO market raised a record Rs 84,400 crore in H1 FY27, up 30% year-on-year, as September saw unprecedented fundraising. Strong investor participation, confidential filings and a robust pipeline supported primary market momentum.
Anthropic plans to sell $3.5 billion of shares to Japan investors in IPO, filing shows
The new shares issued to Japanese investors will go to raise working capital and fund operating expenses and capital expenditure, the filing said.
Vedant Poly Fabs SME IPO opens today; GMP at 16%, check key details
Vedant Poly Fabs’ Rs 56.68-crore IPO opens for subscription today on the NSE SME platform, with a 16% grey market premium indicating a potentially positive listing. The company plans to use the proceeds for working capital, debt repayment and manufacturing expansion.
IPO Calendar: Primary market cools after Jio frenzy, but 13 listings lined up
India’s IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches. Vedant Poly Fabs will be the only new IPO, while 13 companies are expected to list. The slowdown follows October’s blockbuster Rs 30,188 crore Jio Platforms IPO, which was subscribed over 22 times.
IPO ahead: Value-fashion retailer Ratnadeep Retail gets Sebi nod to raise funds through public issue
Ratnadeep Retail has received Sebi approval to launch an IPO comprising a fresh issue of up to Rs 400 crore and an offer for sale of 1.49 crore shares. The Hyderabad-based retailer plans to use part of the proceeds to repay borrowings and expand its store network across India.
Maxwell Engineering, HGS India among 4 SME IPOs to open on October 30; issues to raise Rs 201 crore
Four SME IPOs from Maxwell Engineering Solutions, HGS (India), Vectras Enprocon and Johnsoncab Electricals open for subscription on October 30, seeking to raise a combined Rs 201 crore. Here are the key details, including price bands, lot sizes and listing timelines.
Core4 Engineers SME shares to list today: Check IPO subscription status and other key details
Core4 Engineers will make its debut on the BSE SME platform on October 30 after its Rs 54.82 crore IPO was subscribed 5.44 times. The NII category led demand with 12.26 times subscription, followed by QIBs at 5.06 times and individual investors at 2.72 times. The IPO was entirely a fresh issue of 58.94 lakh shares.
SFC Environmental Technologies IPO subscribed 9.5 times on final day
The IPO of SFC Environmental Technologies with an issue size of ₹667.5 crore was subscribed 9.5 times on the last day of bidding on Thursday. The QIB portion was subscribed 18.8 times, while NII subscribed their portion 12.8 times.
BLS Polymers IPO subscribed 241 times on final day of bidding
The IPO of BLS Polymers with an issue size of ₹255 crore was subscribed 241.2 times on the final day of bidding on Thursday, as per exchange filing. The QIB portion was subscribed 200.25 times, while NII category subscribed 559.20 times. Our Bureau
Jio Platforms delivers biggest listing gain among India’s 5 largest IPOs, jumps 21% on debut
Jio Platforms shares listed at a 21.35% premium to the IPO price of Rs 1,119, delivering the biggest listing-day gain among India’s five largest IPOs by issue size. Brokerages Nomura, Motilal Oswal and Elara Capital initiated coverage with Buy ratings, citing tariff hikes, subscriber monetisation and digital services growth.
Jio Platforms shares surge 21% on debut, overtake Airtel in market cap
Jio Platforms made a remarkable entrance in the stock market, soaring 21.4% above its IPO price on the first day of trading. Closing at ₹1,417.35, the stock surpassed Bharti Airtel in market capitalization. With a staggering 22 times oversubscription, the IPO attracted considerable institutional backing. At the launch event, executive director Anant Ambani recognized the invaluable support from millions of subscribers.
Logitech sheds $2 billion in market cap as margin concerns overshadow profit beat
Logitech's share price dropped by 10% despite exceeding profit expectations for Q2, as analysts suggest that profit-taking and worries about future margins played a role in the decline. The company anticipates reduced gross margins for the upcoming December quarter due to rising costs related to components and shipping, heightening concerns over economic conditions. However, some analysts argue that the market's reaction seems overly harsh within the broader economic context.
Two SME IPOs open today: Ajwa Projects, Carver Roboweld. Check price band and key details
Ajwa Projects and Carver Roboweld will launch their SME IPOs on October 28, aiming to raise a combined Rs 66.34 crore. Both issues will close on October 30 and are expected to list on the BSE SME platform on November 4.
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