Digital wallet and financial services company Mobikwik is preparing for its public offering. The IPO will help the company scale its operations and augment its financial products suite.
AGS Transact Technologies is set to launch its IPO, focusing on raising funds to repay certain borrowings and for general corporate purposes. The company is a leading provider of end-to-end cash and digital payment solutions and automation technology. The IPO will offer equity shares with a face value of INR 10 each, aiming for a total issue size of approximately INR 800 crore. AGS Transact's diverse portfolio includes ATM management, digital payments, and banking automation services.
Adani Wilmar, a leading FMCG company in India, is gearing up for its IPO to raise around INR 4,500 crore. The primary objective is to fund capital expenditure, reduce debt, and for acquisitions as well as investments in new businesses. Adani Wilmar manufactures a variety of essential kitchen commodities including edible oils, wheat flour, rice, and sugar. The company aims to enhance its market presence and operational efficiencies through the IPO proceeds.
Anupam Rasayan, a leading chemical manufacturing company, launched its IPO, aiming to raise approximately INR 760 crore. The proceeds will be used to pay off debt and for general corporate purposes. The company specializes in custom synthesis and manufacturing of specialty chemicals. With the IPO, Anupam Rasayan aims to strengthen its balance sheet and fuel its capacity expansion plans.
Suryoday Small Finance Bank seeks to raise approximately INR 582 crore through its IPO. The raised funds will be used to augment the bank's tier-1 capital base and meet future capital requirements. The bank operates in multiple states, offering a range of financial services geared toward financial inclusion. The IPO will further strengthen Suryoday's capital structure and support its growth ambitions.
Barbeque Nation, a popular dining chain, is entering the public market to raise around INR 453 crore. The goal is to clear debt and to fund the establishment of new restaurants. The chain is well-known for its live grill experience and aims to expand its presence to new locations nationwide. The IPO will also enable the company to improve its financial health and accelerate growth.
Arohan Financial Services, a prominent microfinance institution, plans to raise funds through its IPO to support its lending business and for general corporate expenses. The offering aims to gather around INR 1,800 crore. The company needs funds to bolster its capital base and meet the future credit requirements of its growing microfinance customer base. Arohan Financial has a strong footprint in Eastern India and focuses on financial inclusion.
Nazara Technologies, a diversified gaming and sports media platform, launched its IPO to raise approximately INR 583 crore. The IPO intends to offer shares for sale, allowing early investors to offload their stakes. The company is renowned for its presence across interactive gaming, gamified early learning, esports, and infotainment. Nazara aims to leverage the fund to fuel additional growth and capture market opportunities in the gaming industry.
Oyo Rooms, the hospitality giant, is expected to launch its IPO soon. The company aims to raise funds to enhance its technology infrastructure and expand its global footprint.
It’s the season of spring for startup IPOs. After a lull in IPOs in 2022 and 2023 due to geopolitical tensions, a raging funding winter, and macroeconomic pressures, startups are lining up in droves to list on the bourses in 2024. Ten new-age tech companies have listed on the exchanges so far this year – Go Digit General Insurance, FirstCry, Unicommerce, TBO Tek, Ola Electric, Awfis, ixigo, Menhood, TAC Security and Trust Fintech. Non-institutional investors (NIIs)...
Digital wallet and financial services company Mobikwik is preparing for its public offering. The IPO will help the company scale its operations and augment its financial products suite.