Kalyan Jewellers, one of India’s largest jewellery retailers, aims to raise about INR 1,170 crore through its IPO. The proceeds are intended for general corporate purposes and to enhance working capital. The company operates a large number of stores across India and in the Middle East, offering a wide range of jewellery collections. The IPO is a significant move to strengthen its balance sheet and support expansion plans.
Kalyan Jewellers, one of India’s largest jewellery retailers, aims to raise about INR 1,170 crore through its IPO. The proceeds are intended for general corporate purposes and to enhance working capital. The company operates a large number of stores across India and in the Middle East, offering a wide range of jewellery collections. The IPO is a significant move to strengthen its balance sheet and support expansion plans.
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.
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.
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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.
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.
Macrotech Developers, formerly known as Lodha Developers, plans to raise around INR 2,500 crore through its IPO. The primary purpose of the issue is to reduce debt and for general corporate purposes. The real estate giant focuses on delivering world-class commercial spaces, luxury homes, and mixed-use developments. The IPO will boost the company’s financial flexibility and contribute to its ongoing project developments.
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.