Stay informed with Unlisted Avenue’s latest news on unlisted shares, pre-IPO investments, and market trends.
NSE Unveils Nifty Waves Index to Track India's Creative Economy at WAVES 2025
At the WAVES 2025 summit in Mumbai, the National Stock Exchange (NSE) introduced the Nifty Waves Index, comprising 43 listed companies across film, television, digital platforms, music, and gaming.This new benchmark aims to provide investors with a transparent tool to monitor the performance of India’s rapidly evolving media and entertainment sectors.
Hospitality Giant Oyo Launches ‘Townhouse Cafe’ to Boost Revenue via F&B
Oyo is expanding beyond hospitality by entering the F&B domain with QSR carts and hotel kitchens, targeting higher customer satisfaction and revenue growth.
InCred, Backed by KKR, Targets ₹4,000 Cr IPO with ₹15,000 Cr Valuation Goal
Backed by global investment firm KKR, InCred Financial Services is reportedly engaging with advisers to explore a ₹4,000 crore IPO by late 2025. The fintech NBFC is aiming for a valuation of ₹15,000 crore or more, reflecting robust investor confidence in India’s financial services sector.
Vikram Solar Wins ₹7 Billion Contract for 150 MW Solar Modules in Maharashtra
Vikram Solar has secured a ₹7 billion deal to supply 150 MW of advanced N-Type solar modules to MAHAGENCO. These modules will be deployed in Jalgaon and Solapur under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 program.
NSE Pledges ₹1 Crore for Families of Pahalgam Terror Attack Victims
The National Stock Exchange (NSE) has committed ₹1 crore to support the families affected by the April 22 Pahalgam terror attack. Each bereaved family will receive around ₹4 lakh as part of this humanitarian aid initiative.
Hero FinCorp Eyes $200 Million Loan as IPO Faces Delays
Hero FinCorp is pursuing a $200 million loan to meet capital needs as its IPO timeline extends. This step follows a ₹1,200 crore bad loan write-off and rising demand for capital to support its growing asset base.
BFSI Sector in India Grows 50-Fold in 20 Years, NBFCs Capture Market Share from Banks
India’s BFSI sector has experienced exponential growth, expanding more than 50 times in the past two decades. The market has seen a notable transition, with non-banking financial companies (NBFCs) increasingly dominating space traditionally held by banks.
India’s Energy Storage Market to Attract ₹4.79 Lakh Crore by 2032: IESA
India’s energy storage industry is expected to expand fivefold by 2032, propelled by growing renewable energy demand and supportive policies. The India Energy Storage Alliance (IESA) estimates that nearly ₹4.79 lakh crore in investments will be needed to scale storage capacity, including battery and pumped hydro, to over 73 GW.
India’s Pharma Exports Cross $30 Billion in FY25, March Sees 31% YoY Surge
India’s pharmaceutical exports reached $30.47 billion in FY25, reflecting a 9% year-on-year increase. March stood out with a sharp 31.21% surge, totaling $3.68 billion in exports. The United States remained India’s leading pharma export destination, contributing over one-third of the total.
India Aims for ₹50,000 Crore in Defence Exports by 2030: Rajnath Singh
Defence Minister Rajnath Singh announced that India is targeting ₹50,000 crore in defence exports by 2030. The country’s defence exports have already grown significantly from ₹600 crore in 2014 to ₹24,000 crore in 2025, showcasing the government’s push for self-reliant defence manufacturing.
Eternal Limited Seeks Shareholder Approval for 49.5% Cap on Foreign Investment
Eternal Limited has proposed a cap of 49.5% on foreign ownership in alignment with SEBI and FDI norms. The proposal, approved during the April 18 board meeting, will now be put to vote via a postal ballot for shareholder consent.
Apollo Green Energy Plans ₹4,500 Crore Investment in Odisha’s Solar Infrastructure
Apollo Green Energy Ltd has unveiled a ₹4,500 crore plan to establish 1,000 MW of solar energy projects throughout Odisha. The venture will also include battery storage systems to ensure energy reliability. The company’s commitment is already visible, with a 54 MWp solar plant currently under development in Ganjam district, projected to create around 3,000 jobs.
India and Singapore Strengthen Semiconductor Partnership to Enhance Manufacturing and Talent Growth
Vedanta Group has announced a ₹50,000 crore investment in Assam to develop large-scale oil and gas infrastructure, targeting production of 1 lakh barrels per day. Assam CM Himanta Biswa Sarma is overseeing the roadmap, aiming to create over 1 lakh jobs and transform the region into an energy hub.
Vedanta Commits ₹50,000 Cr to Build Oil & Gas Hub in Assam
Vedanta Group has announced a ₹50,000 crore investment in Assam to develop large-scale oil and gas infrastructure, targeting production of 1 lakh barrels per day. Assam CM Himanta Biswa Sarma is overseeing the roadmap, aiming to create over 1 lakh jobs and transform the region into an energy hub.
NSE Investor Base Crosses 22 Crore, Retail Surge Continues
NSE has recorded a major milestone by surpassing 22 crore investor accounts, with 2 crore new additions in just six months. The surge highlights growing retail enthusiasm, fueled by improved mobile trading access and digital market penetration.
Vedanta Looks for Global Partners in Ambitious $20 Billion Multi-Sector Expansion
Vedanta Ltd is in search of global engineering partners for its sweeping $20 billion investment plan across aluminium, zinc, copper, oil, gas, and energy sectors. This aligns with its corporate restructuring strategy aimed at unlocking value and boosting operational scale.
NSE to Expand BKC Operations with ₹758 Cr Land Deal Approved by MMRDA
The Mumbai Metropolitan Region Development Authority (MMRDA) has approved a ₹757.9 crore land deal, allocating a 5,500 sq. m. plot in BKC to NSE. This expansion initiative will strengthen Mumbai’s role as India’s financial capital.
Tata Capital Files for ₹15,000 Cr IPO in Landmark Market Move
Tata Capital has confidentially submitted its IPO documents to SEBI for a massive ₹15,000 crore public issue. The offering includes a fresh equity component and an offer for sale by Tata Sons and IFC, potentially marking one of the largest IPOs in India’s financial sector.
ESDS Software Solution Seeks ₹600 Cr via IPO Filing with SEBI
Nashik-based cloud solutions provider ESDS Software Solution has filed its draft red herring prospectus with SEBI to raise ₹600 crore through an IPO. The offer includes a mix of fresh equity shares and an offer-for-sale by existing stakeholders.
SEBI Extends NSDL’s ₹3,000 Crore IPO Deadline to July 2025
SEBI has granted NSDL an extension to launch its ₹3,000 crore IPO by July 2025. The public offering, structured as an Offer for Sale (OFS), will allow major stakeholders like NSE and SBI to divest their holdings while meeting regulatory requirements, paving the way for NSDL’s much-anticipated market debut.
Onix Renewable to Invest ₹25,000 Crore in 7 GW Renewable Energy Projects
Onix Renewable has announced a massive ₹25,000 crore investment to develop 7 GW of renewable energy capacity, including solar and wind projects. The company will also establish a 5 GW solar module and cell manufacturing facility. With production set to begin in 2025, Onix aims to emerge as a key player in India’s growing renewable energy sector.
OYO Projects ₹2,100 Crore Revenue for Q4FY25, Eyes ₹1,100 Crore Profit in FY26
Hospitality giant OYO is on track to achieve ₹2,100 crore in revenue for Q4FY25, driven by strong performance in its key markets and the acquisition of G6 Hospitality. Founder Ritesh Agarwal also projects a significant profit of ₹1,100 crore for FY26, underlining the company’s robust global growth trajectory.
NSE IPO Faces New Regulatory Hurdles as SEBI Flags Compliance Gaps
The National Stock Exchange’s (NSE) much-anticipated IPO has encountered another setback, as SEBI raised fresh governance and regulatory concerns. While NSE has previously addressed key issues, including the co-location case, the latest compliance gaps flagged by SEBI could push its listing plans back by up to two years, adding uncertainty to its IPO timeline.
India Leads Asian Markets with $1.4 Billion FII Inflows This Week
India attracted the highest foreign inflows among Asian markets, with $1.4 billion in investments this week, reversing months of outflows as investor confidence surges.
Oravel Stays Expands SUNDAY Hotels with 100 New Properties by FY26
OYO’s parent company, Oravel Stays, is aggressively expanding its premium SUNDAY Hotels brand, with 100 new locations planned across key global and Indian markets by FY26.
Cloud and data center provider ESDS Software is set to file its Draft Red Herring Prospectus (DRHP) this week, aiming to raise ₹700 crore for AI-driven GPU cloud expansion and working capital needs.
NSE Reduces Transfer Timeline for Unlisted Shares to 3-5 Days
Starting March 24, NSE will introduce a new mechanism allowing unlisted shares to be transferred via the Delivery Instruction Slip (DIS) system, reducing the process from six months to just 3-5 days. The move aims to enhance liquidity in the unlisted market.
Tata Capital Gears Up for ₹15,000 Crore IPO with 10 Investment Banks
Tata Capital is preparing for a ₹15,000 crore mega IPO, enlisting 10 leading investment banks and considering a confidential filing route to expedite the listing process.
Vikram Solar Ventures into Solid-State Battery Manufacturing for Sustainable Energy
Vikram Solar is setting up a 1 GWh solid-state cell and battery manufacturing facility, aiming to enhance energy efficiency, safety, and longevity in India’s clean energy sector.
NSE to Convert Existing HQ into Data Center, Acquires Land for New Office
The National Stock Exchange (NSE) is repurposing its current Mumbai headquarters into a high-tech data center to bolster operational efficiency. Additionally, it has secured land in the Bandra-Kurla Complex’s G Block for a new head office, expected to be operational in three years.
LG Electronics India Gains SEBI Approval for ₹15,000 Crore IPO
LG Electronics’ Indian subsidiary has received SEBI’s green light for a ₹15,000 crore IPO via an Offer for Sale (OFS). The parent company plans to divest a 15% stake, setting the stage for stronger market positioning and sustained growth in the Indian market.
SMEs Set for Billion-Dollar Valuations After Listing, Says NSE CEO
NSE Chief Ashish Chauhan highlights the transformative potential of SMEs post-listing, emphasizing how access to capital, enhanced credibility, and accelerated growth can propel them to billion-dollar valuations, fostering wealth creation and market expansion.
Tata Capital to Raise $750 Million via ECBs to Fuel IPO Plans
Tata Capital plans to secure $750 million through external commercial borrowings under its $2 billion medium-term note program, setting the stage for its anticipated $11 billion IPO by September 2025.
NSDL, India’s leading securities depository, is set to roll out a ₹3,000 crore IPO by April 2025, largely as an offer-for-sale by key stakeholders like NSE and IDBI Bank. Despite a challenging IPO environment, the move supports regulatory ownership diversification while leveraging NSDL’s strong financial position.
Polymatech Showcases Semiconductor Innovations at ISPEC 2025
Polymatech Electronics unveiled groundbreaking advancements in semiconductor technology at ISPEC 2025, with a strong focus on 6G and sapphire-based innovations. The company’s latest strides reinforce India’s ambitions to become a global semiconductor leader, backed by the India Semiconductor Mission.
Maruti Suzuki Partners with Hero FinCorp to Simplify Car Loans
Maruti Suzuki partners with Hero FinCorp to enhance financing for new and used car buyers, especially in Tier 2 and Tier 3 cities. The initiative strengthens its loan offerings with over 40 retail finance partners.
Tata Capital to File for ₹17,000 Crore IPO After Tata Motors Finance Merger
Tata Capital is preparing for its ₹17,000 crore IPO, pending the NCLT’s approval of its merger with Tata Motors Finance. The listing aligns with RBI norms and aims to bolster Tata Capital’s financial strength.
Gujarat-based Onix Renewable plans a ₹1,000 crore IPO by mid-2025, targeting a ₹10,000 crore valuation. The company, engaged in solar and green hydrogen, aims to expand its renewable projects backed by a ₹14,000 crore order book.
Vikram Solar to Set Up 1GWh Solid-State Battery Unit, Plans Expansion
Vikram Solar is venturing into battery manufacturing with a 1GWh solid-state facility, expandable to 5GWh. Partnering with Entity2 Energy Storage, the company focuses on non-lithium batteries, enhancing efficiency and safety in India’s renewable energy sector.
Nayara Energy Announces ₹1,894 Crore Share Buyback for Minority Investors
Nayara Energy plans to repurchase 25.9 million shares at ₹731 per share, offering an exit opportunity to over 200,000 minority shareholders. The ₹1,894 crore buyback aims to address investors holding stakes since its 2016 delisting.
OYO Targets ₹1,100 Crore PAT, ₹2,000 Crore EBITDA by FY26
OYO projects a ₹1,100 crore Profit After Tax (PAT) and ₹2,000 crore EBITDA for FY26, signaling strong growth momentum. Founder Ritesh Agarwal attributes this to strategic expansions, cost optimizations, and the recent acquisition of Motel 6’s parent, G6 Hospitality. With a focus on profitability and operational efficiency, OYO aims to strengthen its global presence ahead of its anticipated IPO.
Apollo Green Energy to Invest ₹500 Crore in 1GW Renewable Expansion
Apollo Green Energy is investing ₹500 crore to establish a subsidiary for a 1GW renewable energy portfolio, expanding solar, wind, and hybrid projects to support India’s clean energy goals.
OYO is fast-tracking its IPO plans as founder Ritesh Agarwal faces a crucial ₹1,620 crore debt repayment. The company aims to leverage public listing proceeds to reduce liabilities and strengthen financial stability. With rising profitability and renewed investor interest, OYO’s IPO marks a pivotal moment for its long-term expansion strategy.
Tata Capital Targets $11 Billion Valuation in Landmark IPO
Tata Capital is set to launch India’s biggest IPO, eyeing an $11 billion valuation amid strong investor demand. The move is expected to enhance Tata Group’s financial footprint, attracting institutional and retail investors. This milestone listing will further strengthen India’s financial sector and boost market confidence.
InCred Finance Acquires TruCap’s Gold Loan Business for ₹330 Crore
InCred Finance has taken over TruCap Finance’s gold loan division in a ₹330 crore deal, expanding its secured lending portfolio. The acquisition includes 115 branches, over 40,000 customers, and ₹650 crore in assets under management. The transaction is expected to be completed by April 30, pending regulatory approvals.
India’s Solar Energy Surge: Key Trends Shaping 2025 Growth
India’s solar sector is set for rapid expansion in 2025, fueled by advanced technology, policy support, and rising demand, making renewable energy more affordable and accessible.
Tata Capital Boosts Capital with ₹1,504 Crore Rights Issue Before IPO
Tata Capital has approved a ₹1,504 crore rights issue to strengthen its financial position ahead of its $1 billion IPO. The move aligns with RBI’s mandate for large NBFCs to go public by September 2025, with Tata Sons fully subscribing to its share.
India’s leading audio and wearables brand boAt is gearing up for a ₹2,000 crore IPO in FY26. Despite a slight revenue dip in FY24, the company has strengthened profitability and market positioning, setting the stage for a strong public debut.
India’s top depositories, NSDL and CDSL, have launched a Unified Investor App, offering a consolidated portfolio view, tax tracking, and simplified corporate actions to enhance retail investor experience.
NSDL Plans ₹3,000-Crore IPO by March to Meet Regulatory Deadline
National Securities Depository Ltd (NSDL) is preparing for a ₹3,000-crore IPO next month as regulatory approvals near expiration. The Offer for Sale (OFS) will see major shareholders, including NSE and SBI, divest stakes to comply with SEBI norms.
Motilal Oswal Home Finance Sees 67% Jump in Loan Disbursements, Loan Book Hits ₹4,321 Cr
Motilal Oswal Home Finance reported a 67% YoY surge in Q3 loan disbursements to ₹368 crore, driven by strong retail demand. The loan book expanded to ₹4,321 crore, backed by operational growth and improved asset quality.
Vikram Solar Expands Capacity by 1 GW to Meet Surging Solar Demand
Vikram Solar has increased its production capacity by 1 GW at its West Bengal facility, bringing its total to 4.5 GW. This expansion supports India’s renewable energy push and strengthens its global supply of advanced solar modules.
InCred Ropes in Shreyas Iyer as Brand Ambassador to Promote Financial Literacy
InCred, a leading financial services provider, has partnered with cricketer Shreyas Iyer as its brand ambassador. The move aims to enhance financial awareness and empower individuals with smart investment solutions.
Vedanta ESL Appoints Ravish Sharma as Deputy CEO and Whole-Time Director
Vedanta ESL has named industry veteran Ravish Sharma as its Deputy CEO and Whole-Time Director. With over 20 years of experience in metals, Sharma will lead strategic operations at the Bokaro-based steel plant.
OYO Introduces DanCenter’s Luxury Holiday Homes to India, Starting in Goa
OYO’s European vacation rental brand, DanCenter, debuts in India with luxury villas in North Goa. The brand aims to bring European-style holiday experiences to Indian travelers seeking premium stays.
NSE Becomes India’s Most Valuable Unlisted Firm with ₹4.7 Lakh Crore Valuation
The National Stock Exchange (NSE) has overtaken the Serum Institute as India’s highest-valued unlisted company. With its valuation tripling in a year to ₹4.7 lakh crore, investor confidence in NSE is soaring ahead of its IPO.
February 19, 2025
Source: CNBC TV
InCred Group Expands Middle East Footprint with Arrow Capital Acquisition
Strengthening its global asset management presence, InCred Group has acquired Dubai-based Arrow Capital. This move enhances its investment offerings and provides regional and international investors with broader opportunities.
Tata Capital to Raise ₹15,000 Crore via Green Bonds and NCDs
Tata Capital has unveiled plans to raise ₹15,000 crore through green bonds and non-convertible debentures (NCDs) to fund sustainable projects and broaden its lending portfolio. This initiative aligns with its forthcoming public listing and the ongoing merger with Tata Motors Finance, aiming to fortify its financial standing.
National Securities Depository Limited (NSDL) recorded a robust 30% increase in net profit, reaching ₹85.8 crore in Q3 FY25, fueled by revenue growth. With SEBI’s nod for its IPO, NSDL is on track to become India’s second publicly listed depository after CDSL.
Lenskart Aims for $10 Billion Valuation in Upcoming IPO Filing
Lenskart is intensifying its IPO plans, targeting a $10 billion valuation—double its previous $5 billion mark. The eyewear giant is set to file its draft papers by May 2025, with a potential listing later this year. CEO Peyush Bansal and investors are in talks with bankers for a $1 billion public offering, contingent on market conditions.
While global stock markets have grappled with significant declines in recent months, IPOs have stood out as a promising alternative. Offering fresh investment opportunities, these offerings have helped provide some relief to investors during a period of widespread market struggles.
The Securities and Exchange Board of India (SEBI) has extended the deadline for Alternative Investment Funds (AIFs) to hold investments in dematerialised form. Investments made on or after July 1, 2025, must be in demat form, while those made before this date are exempt, except in specific cases. These exceptions include scenarios where the investee company is required by law to facilitate dematerialisation or where the AIF, alone or with other SEBI-registered entities, exercises control over the investee company. In such cases, pre-July 1 investments must be converted to demat form by October 31, 2025. Additionally, schemes of AIFs whose tenure ends on or before October 31, 2025, or those already in an extended tenure as of February 14, 2025, are exempt from this requirement. Trustees or sponsors of AIFs are responsible for ensuring compliance through the ‘Compliance Test Report’ prepared by the manager.
Indian IPOs
Exhibit Strength Amid Market Fluctuations
Since September 2024, Indian initial public offerings (IPOs) have displayed notable resilience, with numerous companies achieving robust performances despite market corrections. For instance, MobiKwik’s shares soared by 86% during its December 2024 debut, valuing the fintech firm at approximately ₹40 billion (US$474 million). Additionally, in 2024, India surpassed China to become Asia’s leading market for IPOs, underscoring the country’s dynamic equity market activity.
OYO Commits $10 Million to Enhance G6 Hospitality's Digital Platforms
OYO has announced a $10 million investment to upgrade the digital assets of its subsidiary, G6 Hospitality, which operates the Motel 6 and Studio 6 brands in the United States. The initiative aims to revamp the Motel 6 website and the My6 app, with a target to quadruple app installations before the upcoming summer season. This strategic move includes advanced digital targeting through partnerships with platforms like Google and Microsoft, focusing on driving direct bookings and reducing reliance on third-party channels.
NCDEX Ventures into Equity and Derivatives with ₹400-600 Crore Investment
The National Commodity & Derivatives Exchange Limited (NCDEX) has announced its strategic entry into the equity and equity derivatives market, following approval from its Board of Directors. This move signifies a significant diversification beyond its traditional agri-focused offerings. The exchange plans to invest between ₹400 and ₹600 crore in this expansion.
Zepto Plans $300 Million Pre-IPO Share Sale to Domestic Mutual Funds
Quick commerce startup Zepto is engaging with top domestic mutual funds like SBI, Axis, and ICICI Prudential for a $300 million secondary share sale. The move aims to boost domestic shareholding and offer liquidity to foreign investors ahead of its anticipated IPO filing in the next two months.
India’s Semiconductor Market Set to Reach $103.4 Billion by 2030: IESA Report
India’s semiconductor market is projected to grow from $52 billion in 2024 to $103.4 billion by 2030 at a 13% CAGR, according to a report by the India Electronics and Semiconductor Association (IESA). The growth is driven by demand in mobile handsets, IT, telecom, and automotive sectors. The report highlights that over $21 billion in investments have been committed by industry players, supported by government incentives for chip manufacturing. IESA urges continued policy support to strengthen India’s semiconductor ecosystem and global competitiveness.
OYO's Q3 Net Profit Surges 6x to ₹166 Cr Amid Strong Revenue Growth
OYO reported a stellar sixfold jump in net profit to ₹166 crore in Q3 FY25, driven by a 31% rise in revenue to ₹1,695 crore. The company’s gross booking value soared 33%, reflecting strong demand across key markets like India and the US.
Urban Company Restructures as Public Entity Ahead of ₹3,000 Crore IPO
Urban Company has converted into a public limited company, marking a key milestone in its IPO journey, expected to raise ₹3,000 crore. With a 30% revenue surge in FY24 and narrowing losses, the home services giant is gearing up for a strong stock market debut.
RBI Cuts Repo Rate to 6.25%, First Reduction in Nearly Five Years
In a bid to support economic growth, the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 6.25%. This marks the first rate cut since May 2020, signaling a shift towards a more accommodative monetary policy. The move is expected to lower borrowing costs, stimulate investment, and boost overall economic activity.
Hexaware Technologies, backed by global investment firm Carlyle Group, is set to make a return to the Indian stock market with its highly anticipated ₹8,750 crore IPO. The public offering, scheduled from February 12-14, 2025, will be a complete exit for its promoters. Following the subscription period, shares are expected to list on the BSE and NSE on February 19, marking a significant milestone in the company’s market journey.
OYO Pledges £50 Million to Expand Premium Hotel Portfolio in the UK
Hospitality giant OYO has announced a £50 million investment over the next three years to strengthen its presence in the UK’s premium hotel segment. The expansion plan is designed to attract international travelers and generate 1,000 new jobs. As part of this initiative, OYO aims to introduce European hotel brands and elevate the high-end hospitality experience across its UK portfolio.
MobiKwik Expands UPI Services, Prepares for RuPay Credit Card Rollout
Fintech firm MobiKwik is ramping up its efforts to enhance UPI-based offerings, including its ‘Pocket UPI’ feature and seamless credit card integration. In a strategic move to boost financial inclusion, the company is preparing to officially launch its co-branded RuPay credit card, currently undergoing beta testing. This initiative aims to provide users with easier access to small-ticket credit via UPI transactions.
Domestic Investors Poised to Overtake Foreign Investors in Indian Equity Ownership
Domestic institutional investors (DIIs) are set to surpass foreign institutional investors (FIIs) in ownership of NSE-listed companies, with the gap narrowing to just 0.3 percentage points. This shift reflects growing confidence in India’s markets, as DIIs now hold a larger stake in Indian equities than ever before.
Budget 2024: Income Tax Rebate Limit Increased to ₹12 Lakh, Offering Relief to the Middle Class
In a significant move, Finance Minister Nirmala Sitharaman raised the income tax rebate limit to ₹12 lakh in Budget 2024, benefiting salaried individuals. This adjustment ensures that those earning up to ₹12.75 lakh will be exempt from income tax, providing substantial relief to the middle class.
Swiggy Lock-In Expiry: ₹3,300 Crore Worth Shares Set to Unlock Over the Next Month
Swiggy is set to unlock approximately ₹3,300 crore worth of shares over the next month as its pre-IPO lock-in period expires. This phased release will make 7.8 crore shares available for trading, potentially influencing market dynamics. However, with a significant portion held by promoters and institutional investors, the immediate impact on share prices may be moderated.
Zepto Optimizes Dark Store Operations Ahead of IPO
Quick-commerce startup Zepto is revamping its dark store operations to enhance efficiency and scalability before its IPO. The restructuring focuses on leadership and operational improvements, ensuring better service delivery and positioning the company for public listing.
Hero Future Energies Plans ₹3,500 Crore IPO for Renewable Growth
Hero Future Energies, the clean energy arm of the Hero Group, is set to launch a ₹3,500 crore IPO to strengthen its renewable energy portfolio. The company, with 5.2 GW of capacity across India and global markets, aims to accelerate expansion and reinforce its commitment to sustainability.
Lenskart Plans $1 Billion IPO, Brings Top Banks on Board
Leading eyewear brand Lenskart is gearing up for a $1 billion IPO and has appointed Kotak Mahindra and Morgan Stanley as advisors. The planned listing aims to accelerate its expansion and further solidify its leadership in the eyewear industry.
Zepto Relocates Corporate Base to India Ahead of IPO
Quick commerce startup Zepto has shifted its corporate headquarters from Singapore to India, reinforcing its commitment to the Indian market. The move comes as the company prepares for a public listing, signaling its long-term growth strategy and alignment with India’s booming digital commerce sector.
Innov8, OYO-Owned Flex Space Firm, Raises ₹110 Crore at ₹1,000 Crore Valuation
Innov8, the flexible workspace provider under OYO, has raised ₹110 crore in funding, pushing its valuation to ₹1,000 crore. The funds will support the company’s ambitious growth strategy, including plans to double its coworking centers to 100 by 2025, further solidifying its presence in India’s highly competitive coworking sector.
SBI General Insurance IPO: Glidepath Proposal Submitted to IRDAI
State Bank of India (SBI) has taken a significant step towards listing its general insurance arm by submitting a glidepath proposal to the Insurance Regulatory and Development Authority of India (IRDAI). This move marks progress in SBI’s plans for an Initial Public Offering (IPO), which is expected to unlock substantial value. Earlier reports have suggested that the company could target a valuation of ₹50,000 crore for the upcoming listing.
Meesho Moves to Reverse Flip to India, Secures $550 Million in Funding for IPO
Meesho, the e-commerce platform, has raised $550 million in a new funding round and is pursuing a reverse merger to relocate its headquarters to India. The company aims to file its IPO documents in late 2025 and is targeting a 2026 listing on Indian stock exchanges, positioning itself for long-term growth.
Vikram Solar Expands to Lead India’s Solar Manufacturing Market
Vikram Solar is strengthening its position in India’s solar manufacturing market by expanding production capacity to 15.5 GW by FY 2027. This growth is fueled by a ₹1,500 crore IPO and $200 million in funding secured from the U.S. International Development Finance Corporation (DFC). With strategic initiatives and industry accolades, the company is poised to enhance its leadership in the renewable energy sector.
SEBI's 'When-Listed' Mechanism: A Step Towards Regulated Pre-IPO Trading
SEBI is proposing a ‘when-listed’ mechanism to streamline pre-IPO trading by bridging the period between the conclusion of an IPO and its official listing on stock exchanges. Pre-IPO trading involves the exchange of company shares before their formal market debut. This initiative aims to enhance the unlisted market by promoting transparency, mitigating risks associated with the gray market, and facilitating fair price discovery. It offers investors an opportunity to engage with high-potential companies early, while strengthening trust in the unlisted ecosystem. By legitimizing pre-IPO trades, this step aligns India with global best practices.
PharmEasy Gears Up for IPO Relaunch Amid Challenges
PharmEasy plans to relaunch its IPO in 2025, leveraging reduced losses and a revamped strategy. A February board meeting will discuss a potential reverse merger with Thyrocare to enhance investor appeal. While FY24 revenue dipped 14.7% to ₹5,664 crore, net losses halved due to cost-cutting efforts. The company focuses on reducing cash burn and sustainable growth as it competes with rivals like Tata 1mg and Apollo 24×7.
SEBI Approves IPOs for Six Companies, Unlocking Growth Potential
SEBI has cleared the IPO applications of Hexaware Technologies, PMEA Solar, Scoda Tubes, Ajax Engineering, All Time Plastics, and Vikran Engineering. These companies are now set to raise funds through public offerings, presenting a potential growth opportunity for unlisted market investors looking to tap into expanding businesses in various sectors.
Tata Sons Set to Launch India's Largest-Ever IPO, Amid RBI Classification Debate and Unlisted Market Potential
Tata Sons is gearing up to bring India’s largest-ever IPO, potentially raising significant capital in the process. The planned offering follows a debate sparked by the Reserve Bank of India’s classification of the group’s financial holdings, with implications for the business landscape. The IPO marks a major move into the unlisted market, creating new opportunities for investors and stakeholders.
OYO Revives IPO Plans Amid Record Profits, Controversial Policy
OYO is revisiting its IPO plans after reporting record profits, signaling strong business performance. The company’s financial recovery comes despite a controversial new policy change affecting hotel owners, which has sparked debates. With a potential listing on the horizon, OYO is looking to tap into the unlisted market, potentially reshaping the hospitality sector. The move could offer fresh investment opportunities for stakeholders.
Onix Renewable Seeks Partners for 1.9 GW Solar Projects in Maharashtra
Onix Renewable has invited bids to develop 1,959 MW of solar power projects across Maharashtra. Proposals, requiring an earnest money deposit of ₹50,000 per MW, must be submitted by January 17, 2025.
Manipal Health Targets $1 Billion IPO with Temasek’s Support
Manipal Health Enterprises, backed by Temasek, is moving forward with plans for a $1 billion IPO. The offering will include a mix of primary capital and secondary share sales.
Vikram Solar Ventures into Battery Storage with 1 GW Facility
Vikram Solar has announced plans to establish a 1 GW battery energy storage facility, scalable to 10 GW, as part of its renewable energy expansion strategy and IPO readiness.
Zetwerk has engaged leading financial institutions to manage its $500 million IPO, expected to value the manufacturing platform at $5 billion. The company reported a GMV of $2.1 billion in FY24, reflecting its strong growth trajectory.
Lenskart is preparing for a $1 billion IPO with a valuation target of $7–8 billion. The eyewear giant aims to scale globally while boosting its manufacturing capabilities in Telangana.
JSW Cement to Launch ₹4,000 Crore IPO Following SEBI Approval
JSW Cement has received SEBI approval for its ₹4,000 crore IPO, which includes a fresh issue and an offer for sale. Proceeds will fund expansion and debt repayment.
Zepto Secures NCLT Approval for Reverse Flip to India Pre-IPO
Zepto has obtained approval from NCLT to relocate its domicile from Singapore to India, simplifying its IPO process and leveraging the Indian market’s growth potential.
Waaree Energies Acquires Enel Green Power India for ₹792 Crore
Waaree Energies has acquired 100% stake in Enel Green Power India for ₹792 crore. The acquisition adds 640 MW of solar and wind projects to Waaree’s portfolio, reinforcing its leadership in India’s renewable energy sector.
HDB Financial Services Prepares for IPO with Investor Roadshows
HDFC Bank’s non-banking subsidiary, HDB Financial Services, has begun roadshows to drum up investor interest ahead of its IPO, following SEBI’s recent approval.
Unlisted Companies Outpace Listed Firms in Revenue Growth
A study comparing unlisted companies with their listed peers highlights faster revenue and earnings growth among private firms, showcasing their adaptability and resilience in challenging markets.
Caliber Mining and Logistics Submits Draft Papers for ₹600 Crore IPO
Nagpur-based Caliber Mining and Logistics has filed draft IPO documents with SEBI, aiming to raise ₹600 crore. The funds will support debt repayment, machinery upgrades, and corporate growth.
BPCL Approves ₹1,000 Crore IPO for Maharashtra Natural Gas Ltd.
Maharashtra Natural Gas Limited (MNGL), a joint venture of BPCL, GAIL, and IGL, is set to launch a ₹1,000 crore IPO. The proceeds will fund expansion in the city gas distribution sector, aligning with BPCL’s strategy to capitalize on the growing clean energy market.
Unlisted Shares Deliver Exceptional Returns in 2024
In 2024, unlisted shares significantly outperformed listed equities, with standout returns from Nayara Energy (346%) and NSE (143%). Strong fundamentals and high investor demand have solidified these assets as lucrative investment opportunities.
Unlisted Share Market Gains Momentum with Record Trading Volumes
India’s unlisted share market is experiencing rapid growth, with monthly trading volumes surpassing $300 million in 2024. Investors are increasingly drawn to this space, captivated by the potential of high returns and exclusive pre-IPO opportunities.
Zepto Restructures with New Marketplace Entity Ahead of IPO
Quick-commerce startup Zepto has established Zepto Marketplace Private Limited, streamlining its operations to align with industry leaders like Swiggy and Blinkit. This strategic move is a preparatory step toward its much-anticipated IPO.
Reliance Jio’s ₹40,000 Crore IPO Poised to Set Records in 2025
India’s telecom leader, Reliance Jio, is gearing up for a groundbreaking ₹40,000 crore Initial Public Offering (IPO) in 2025. Expected to be the largest IPO in the nation’s history, this move marks a significant milestone in India’s capital markets.