Laxmi Organic Industries, a major player in the specialty chemicals industry, seeks to raise around INR 600 crore through its IPO. The funds will be deployed for capacity expansion and to meet working capital needs. The company is known for producing acetyl intermediates and specialty intermediates. The IPO will provide Laxmi Organic with the necessary capital to expand its production capabilities and grow its market share.
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.
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.
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)...
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.
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.
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.
Laxmi Organic Industries, a major player in the specialty chemicals industry, seeks to raise around INR 600 crore through its IPO. The funds will be deployed for capacity expansion and to meet working capital needs. The company is known for producing acetyl intermediates and specialty intermediates. The IPO will provide Laxmi Organic with the necessary capital to expand its production capabilities and grow its market share.
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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.
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.