Open & Upcoming IPOs

Oyo Hotels has delayed its IPO plans for the third time amid opposition from SoftBank and market volatility. The company, initially seeking a $12 billion valuation in 2021, now targets $7 billion or more, possibly listing by March. SoftBank has pushed for stronger earnings before listing. Oyo's founder, Ritesh Agarwal, faces a $2.2 billion loan repayment deadline.

The allotment status for Ather Energy's IPO has been declared. Investors can check their status on BSE, NSE, or Link Intime's website using their PAN and application number. The grey market premium (GMP) is currently zero, indicating no premium. Steps to check allotment status are provided for each platform.

Arunaya Organics' IPO closed with a 2.45x subscription on May 2. The offer, open April 29-May 2, raised Rs 33.99 crore via 58.6 lakh shares at Rs 55-58. Allotment is by May 5, with trading on NSE Emerge from May 7. Proceeds will fund a new Dahej facility (Rs 11.8 crore) and working capital (Rs 9 crore). The company produces specialty dyes and intermediates with a 30 metric ton annual capacity.

Kenrik Industries' IPO remains undersubscribed on the third day, with 27.42 lakh shares subscribed out of 34.98 lakh, representing 78% of the offer. Retail investors took 24.6 lakh shares, while non-institutional investors subscribed to 2.82 lakh. The company aims to raise Rs 8.75 crore at Rs 25 per share for working capital and corporate purposes.

Wagons Learning's IPO, aiming to raise ₹38.38 crore, opened on May 2 with a slow start, subscribed 0.02 times on day one. The price band is ₹78-82 per share, with a negative GMP of ₹2, indicating a possible listing discount. Listing is set for May 9 on BSE SME. The company provides corporate training and skill development solutions.

Budget hotel aggregator Oyo has decided to delay its third attempt at going public amid market uncertainty and resistance from major investor SoftBank, Bloomberg reported on Friday, citing sources familiar with the matter. According to Bloomberg report, SoftBank has expressed concerns about the timing of the IPO and has urged Oyo to wait until the company’s financial performance improves.

Ather Energy IPO ended with muted subscription on Wednesday, April 30. With the bidding closed, investors now focus over Ather Energy IPO allotment status, which is expected to be out soon. It opened for subscription on Monday, April 28, and closed on Wednesday, April 30. Ather Energy IPO allotment date is likely today, May 2, Friday. Ather Energy IPO listing date is estimated to be 6 May 2025.

Jinkushal Industries, a leading exporter of construction machinery with a 6.9% market share, has filed its DRHP for an IPO. The company, known for its strong financial performance with a 56.7% revenue CAGR and 42.18% ROE, plans to issue 96.5 lakh equity shares. Proceeds will support working capital and corporate purposes, managed by GYR Capital.

Mumbai-based Priority Jewels has filed an IPO with Sebi to raise funds via a fresh issue of 54 lakh shares, aiming to reduce debt. The company plans to use Rs 75 crore for debt repayment and the remainder for corporate purposes. As of March 2025, it had total borrowings of Rs 147.1 crore. The jeweler supplies to over 200 customers, including major chains like CaratLane and Kalyan Jewellers.

India’s IPO market surged in Q1 2025, with 62 companies raising $2.8 billion, according to EY's report. India accounted for 22% of global IPOs, highlighting its growing prominence. Hexaware’s $1 billion tech IPO was the largest, while retail investor participation remained strong. Despite a 20% drop in listings compared to Q1 2024, companies were financially stronger.

Arunaya Organics' IPO was fully subscribed on Day 2, receiving 66.42 lakh shares against an offer of 58.6 lakh shares. The company aims to raise Rs 33.99 crore to fund a new facility and working capital. Kenrik Industries' IPO remained undersubscribed at 51.3%, with 17.94 lakh shares subscribed against 34.98 lakh offered. It seeks Rs 8.75 crore for working capital and corporate purposes.

Karamtara Engineering, the solar mounting structures and tracker components manufacturer, has raised Rs 105.7 crore from several investors including filmstars (Ranbir Kapoor, Aamir Khan, Karan Johar) and cricketers (Jasprit Bumrah, Rohit Sharma). They sold these shares at a price of Rs 310 per share. At this price, the company demands valuation of Rs 10,411 crore post issue.

Corona Remedies seeks SEBI approval for an ₹800 crore IPO, entirely an offer for sale. Promoters and ChrysCapital will sell stakes. The Ahmedabad-based firm, ranked second fastest-growing in India's pharmaceutical market, offers 67 brands across therapeutic segments and reported ₹1,014.5 crore revenue in FY24.

Chhatisgarh-based Jinkushal Industries, a leading non-OEM construction machines exporter, has filed for an IPO with SEBI to raise funds. The IPO includes 86.5 lakh fresh shares and 10 lakh shares via offer-for-sale. The company, holding a 6.9% market share, plans to use funds for working capital and corporate purposes. It reported an 84.3% YoY profit growth to Rs 18.6 crore in FY24.

Vedanta is considering an IPO for its Zambia-based Konkola Copper Mines (KCM) as part of a long-term strategy to unlock value and revive operations. The company aims to raise $1 billion to boost copper output to 300,000 metric tonnes annually over five years. KCM holds 16 million tonnes of high-grade copper reserves and significant cobalt resources.

Sebi chairman Tuhin Kanta Pandey has cautioned investors to be vigilant when investing in SME IPOs, emphasizing the importance of disclosures and diversification rather than chasing short-term gains. He noted that while the SME IPO segment has seen record fundraising, with 240 IPOs raising Rs 8,761 crore in 2024, some companies have shown unusually high subscriptions and listing gains.

The National Stock Exchange's (NSE) IPO is under regulatory review by Sebi, with discussions ongoing to resolve issues like compensation, technology, and ownership. NSE reapplied for a No Objection Certificate (NOC) after its IPO plans were stalled since 2016 due to governance concerns. The timeline remains uncertain, but NSE's valuation stands at ₹4.7 lakh crore.

Ather Energy IPO continues to garner robust subscription on Wednesday as the Rs 2,981 crore issue concludes today. Earlier, it mobilised Rs 1,340 crore from anchor investors. The IPO by the electric two-wheeler maker Ather Energy received bids for 1.77 crore shares against 5.33 crore shares on offer, according to data available with the NSE with a total subscription of 33% until 11:30.

Urban Company’s IPO will see early backers like Accel, Elevation Capital, Bessemer India, Tiger Global, and VYC11 partially exit, earning up to Rs 1,471 crore collectively. The Rs 1,900 crore offering includes Rs 429 crore in fresh shares and Rs 1,471 crore via OFS. Promoters Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan will retain their 6.67% stakes.

Tankup Engineers' shares debuted on NSE SME at ₹175, a 25% premium over the ₹140 issue price. The IPO, subscribed 124.67 times, raised ₹19.53 crore. The company specializes in vehicle superstructures and operates an ISO-certified facility. Proceeds will repay loans, finance working capital, and support corporate activities.

Oyo Hotels has delayed its IPO plans for the third time amid opposition from SoftBank and market volatility. The company, initially seeking a $12 billion valuation in 2021, now targets $7 billion or more, possibly listing by March. SoftBank has pushed for stronger earnings before listing. Oyo's founder, Ritesh Agarwal, faces a $2.2 billion loan repayment deadline.

The allotment status for Ather Energy's IPO has been declared. Investors can check their status on BSE, NSE, or Link Intime's website using their PAN and application number. The grey market premium (GMP) is currently zero, indicating no premium. Steps to check allotment status are provided for each platform.

Arunaya Organics' IPO closed with a 2.45x subscription on May 2. The offer, open April 29-May 2, raised Rs 33.99 crore via 58.6 lakh shares at Rs 55-58. Allotment is by May 5, with trading on NSE Emerge from May 7. Proceeds will fund a new Dahej facility (Rs 11.8 crore) and working capital (Rs 9 crore). The company produces specialty dyes and intermediates with a 30 metric ton annual capacity.

Kenrik Industries' IPO remains undersubscribed on the third day, with 27.42 lakh shares subscribed out of 34.98 lakh, representing 78% of the offer. Retail investors took 24.6 lakh shares, while non-institutional investors subscribed to 2.82 lakh. The company aims to raise Rs 8.75 crore at Rs 25 per share for working capital and corporate purposes.

Wagons Learning's IPO, aiming to raise ₹38.38 crore, opened on May 2 with a slow start, subscribed 0.02 times on day one. The price band is ₹78-82 per share, with a negative GMP of ₹2, indicating a possible listing discount. Listing is set for May 9 on BSE SME. The company provides corporate training and skill development solutions.

Budget hotel aggregator Oyo has decided to delay its third attempt at going public amid market uncertainty and resistance from major investor SoftBank, Bloomberg reported on Friday, citing sources familiar with the matter. According to Bloomberg report, SoftBank has expressed concerns about the timing of the IPO and has urged Oyo to wait until the company’s financial performance improves.

Ather Energy IPO ended with muted subscription on Wednesday, April 30. With the bidding closed, investors now focus over Ather Energy IPO allotment status, which is expected to be out soon. It opened for subscription on Monday, April 28, and closed on Wednesday, April 30. Ather Energy IPO allotment date is likely today, May 2, Friday. Ather Energy IPO listing date is estimated to be 6 May 2025.

Jinkushal Industries, a leading exporter of construction machinery with a 6.9% market share, has filed its DRHP for an IPO. The company, known for its strong financial performance with a 56.7% revenue CAGR and 42.18% ROE, plans to issue 96.5 lakh equity shares. Proceeds will support working capital and corporate purposes, managed by GYR Capital.

Mumbai-based Priority Jewels has filed an IPO with Sebi to raise funds via a fresh issue of 54 lakh shares, aiming to reduce debt. The company plans to use Rs 75 crore for debt repayment and the remainder for corporate purposes. As of March 2025, it had total borrowings of Rs 147.1 crore. The jeweler supplies to over 200 customers, including major chains like CaratLane and Kalyan Jewellers.

India’s IPO market surged in Q1 2025, with 62 companies raising $2.8 billion, according to EY's report. India accounted for 22% of global IPOs, highlighting its growing prominence. Hexaware’s $1 billion tech IPO was the largest, while retail investor participation remained strong. Despite a 20% drop in listings compared to Q1 2024, companies were financially stronger.

Arunaya Organics' IPO was fully subscribed on Day 2, receiving 66.42 lakh shares against an offer of 58.6 lakh shares. The company aims to raise Rs 33.99 crore to fund a new facility and working capital. Kenrik Industries' IPO remained undersubscribed at 51.3%, with 17.94 lakh shares subscribed against 34.98 lakh offered. It seeks Rs 8.75 crore for working capital and corporate purposes.

Karamtara Engineering, the solar mounting structures and tracker components manufacturer, has raised Rs 105.7 crore from several investors including filmstars (Ranbir Kapoor, Aamir Khan, Karan Johar) and cricketers (Jasprit Bumrah, Rohit Sharma). They sold these shares at a price of Rs 310 per share. At this price, the company demands valuation of Rs 10,411 crore post issue.

Corona Remedies seeks SEBI approval for an ₹800 crore IPO, entirely an offer for sale. Promoters and ChrysCapital will sell stakes. The Ahmedabad-based firm, ranked second fastest-growing in India's pharmaceutical market, offers 67 brands across therapeutic segments and reported ₹1,014.5 crore revenue in FY24.

Chhatisgarh-based Jinkushal Industries, a leading non-OEM construction machines exporter, has filed for an IPO with SEBI to raise funds. The IPO includes 86.5 lakh fresh shares and 10 lakh shares via offer-for-sale. The company, holding a 6.9% market share, plans to use funds for working capital and corporate purposes. It reported an 84.3% YoY profit growth to Rs 18.6 crore in FY24.

Vedanta is considering an IPO for its Zambia-based Konkola Copper Mines (KCM) as part of a long-term strategy to unlock value and revive operations. The company aims to raise $1 billion to boost copper output to 300,000 metric tonnes annually over five years. KCM holds 16 million tonnes of high-grade copper reserves and significant cobalt resources.

Sebi chairman Tuhin Kanta Pandey has cautioned investors to be vigilant when investing in SME IPOs, emphasizing the importance of disclosures and diversification rather than chasing short-term gains. He noted that while the SME IPO segment has seen record fundraising, with 240 IPOs raising Rs 8,761 crore in 2024, some companies have shown unusually high subscriptions and listing gains.

The National Stock Exchange's (NSE) IPO is under regulatory review by Sebi, with discussions ongoing to resolve issues like compensation, technology, and ownership. NSE reapplied for a No Objection Certificate (NOC) after its IPO plans were stalled since 2016 due to governance concerns. The timeline remains uncertain, but NSE's valuation stands at ₹4.7 lakh crore.

Ather Energy IPO continues to garner robust subscription on Wednesday as the Rs 2,981 crore issue concludes today. Earlier, it mobilised Rs 1,340 crore from anchor investors. The IPO by the electric two-wheeler maker Ather Energy received bids for 1.77 crore shares against 5.33 crore shares on offer, according to data available with the NSE with a total subscription of 33% until 11:30.

Urban Company’s IPO will see early backers like Accel, Elevation Capital, Bessemer India, Tiger Global, and VYC11 partially exit, earning up to Rs 1,471 crore collectively. The Rs 1,900 crore offering includes Rs 429 crore in fresh shares and Rs 1,471 crore via OFS. Promoters Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan will retain their 6.67% stakes.

Tankup Engineers' shares debuted on NSE SME at ₹175, a 25% premium over the ₹140 issue price. The IPO, subscribed 124.67 times, raised ₹19.53 crore. The company specializes in vehicle superstructures and operates an ISO-certified facility. Proceeds will repay loans, finance working capital, and support corporate activities.

Ather Energy's IPO saw 28% subscription on its second day, with retail investors leading at 1.12 times their share. The ₹2,981 crore IPO, priced at ₹304-321 per share, aims to fund expansion and R&D. Ather, a premium EV brand, faces competition from market leader Ola Electric. Proceeds will support manufacturing and debt repayment, with a grey market premium of ₹1.

Kenrik Industries' IPO opened on April 29 and closes on May 2, with a price band of ₹25 per share. The minimum bid is 6,000 shares. The company, established in 2017, specializes in traditional Indian jewellery. The IPO consists of 34.98 lakh fresh shares to raise ₹8.75 crore for working capital and corporate expenses. Subscription status on day 1 was 21%, with retail portion at 39%.

The Arunaya Organics IPO is open from April 29 to May 2, with a price band of ₹55-₹58 per share. The company, established in 2010, manufactures specialty dyes and intermediates. The IPO includes a fresh issue of ₹30.51 crore and an OFS of 3.48 crore shares. Proceeds will fund a new facility, working capital, and corporate goals. On Day 1, subscription stood at 34%, with retail portion at 82%.

A 37-year-old Hyderabad man lost ₹2.8 crore in a fake IPO scam. He was lured via a Facebook ad, added to a WhatsApp group, and tricked into using the ASKMIN app. Scammers, including one posing as Priya, sent fake profits, then demanded a 15% processing fee. The victim filed a complaint, leading to a case under cheating and forgery laws.

Duroflex, a leading mattress maker, plans to go public within 18 months, targeting double-digit revenue growth. The company, which competes in a $2 billion market, aims to expand its non-mattress product lines and open 20-25 stores. In FY24, Duroflex reported Rs 1,001 crore in sales and Rs 44 crore in core earnings, with profits rising over 50%.

Ather Energy's ₹2,981 crore IPO, with a price band of ₹304-321, has seen 20% subscription as of April 29. Retail investors have taken 80% of their portion, while employees' shares were oversubscribed 2x. Funds will support a Maharashtra factory and debt reduction. Gaurav Garg advises aggressive investors to consider it cautiously, while conservatives should avoid due to profitability concerns.

Ather Energy, an IPO-bound EV maker, will avoid discount-driven sales, focusing on pricing discipline and expanding production to 500,000 units annually with a new Maharashtra facility. They aim to enhance supply chains by increasing domestic lithium-ion cell production and shifting more manufacturing to India. Ather is optimistic about scooter electrification, targeting non-southern markets.

Srigee DLM, a plastic injection moulding firm, is launching its IPO on May 5 to raise Rs 16.98 crore via 17.14 lakh shares priced at Rs 94-99. Funds will set up a Greater Noida facility and buy machinery. IPO closes on May 7, allotment by May 8, and trading starts on BSE SME on May 12. GYR Capital is the lead manager.

Ather Energy's IPO, the first major startup IPO in FY2026, faces risks including supply chain disruptions, intense competition from legacy players like Bajaj and TVS, a long path to profitability due to high costs, uncertain policy frameworks, and reliance on China and South Korea for battery supplies, with sales trailing competitors like Ola Electric.

Urban Company has filed a DRHP for a Rs 1,900 crore IPO, comprising a Rs 429 crore fresh issue and a Rs 1,471 crore OFS by existing investors. The fresh funds will be used for technology, infrastructure, and marketing. Founders are retaining their stakes, while investors like Accel and Tiger Global are partially exiting.

IPO of Ather Energy Limited opened for bidders on 28 April 2025. According to market observers, Ather Energy IPO GMP today is unchanged at ₹3 per share. After the end of bidding on day one, he book build issued had been subscribed 0.16 times, the retail portion had been booked 0.63 times, the NII portion had been filled 0.16 times, and the employee's reserved quota had been filled 1.78 times.

Corporate training company Wagons Learning will open its initial public offering (IPO) on May 2 with a price band of Rs 78-82 per share. The SME public issue will close on May 6. The 46.8 lakh-share IPO, worth Rs 38.38 crore at the upper price band, consists of fresh issuance of 30.8 lakh shares worth Rs 25.26 crore, and an offer-for-sale of Rs 13.12 crore by promoters.

Nine Indian firms, including Tata Play, Oyo, and Swiggy, have opted for pre-filing their IPO offer documents with SEBI, a route introduced in November 2022. This confidential process allows companies to keep sensitive information private, test investor interest, and refine their strategy before going public, offering flexibility and avoiding early public scrutiny.

Tankup Engineers IPO allotment date today: Tankup Engineers IPO allotment status will be finalized today, April 28. The IPO, subscribed 124.67 times, opened on April 23 and closed on April 25. Refunds and demat credits will begin on April 29, with listing on NSE SME on April 30. The grey market premium is +14, indicating a strong listing.

The Ather Energy IPO opened on April 28 with a price band of Rs 304-321 per share, closing on April 30. Subscription on Day 1 was low at 0.04x overall, with retail at 0.21x. Brokerages are mixed: Deven Choksey advises avoiding due to high valuation, while Geojit sees it as a high-risk, long-term bet. Bajaj Broking notes financial struggles, with Ather posting significant losses in FY24 and FY25.

Zepto's founders are in advanced talks to raise Rs 1,500 crore via structured debt from Edelweiss and others. The funds aim to buy shares from foreign investors, increasing domestic ownership to over 30% ahead of an IPO. The deal, with a 16-18% interest rate, values Zepto at $5 billion and is expected to close by July.

Ather Energy Ltd, a pioneer in India's electric two-wheeler (E2W) market, designs and sells E2Ws along with software, charging infrastructure, and smart accessories. At ₹321, its EV/Sales ratio of 7.1x (FY24) appears expensive, but strong R&D and growth potential justify a "Subscribe" rating for high-risk, long-term investors.

Ather Energy’s ₹2,981 crore IPO, priced at ₹304-321, opened on April 28-30. The issue includes a fresh share issue of ₹2,626 crore and OFS of 1.1 crore shares. Proceeds will fund a Maharashtra plant and debt reduction. Valuation at ₹11,956 crore, making it the second e-two-wheeler IPO after Ola Electric.

Ather Energy, a leading electric 2-wheeler manufacturer, is set to launch its IPO on April 28, closing on April 30, aiming to raise ₹2,981 crore. Priced at ₹304-321 per share, the IPO has a grey market premium of ₹3. The company, backed by Hero MotoCorp, plans to list on BSE and NSE by May 6, expanding its market presence.

Ethiopia raised 3.2 billion birr ($24 million) from its first IPO, selling 10.7 million shares in Ethio Telecom at 300 birr each. The sale, part of a plan to raise 30 billion birr, missed its target due to limited investor participation. The IPO marks the reopening of Ethiopia's stock market after 50 years, a key step in Prime Minister Abiy Ahmed's economic reforms.

Oyo Hotels has delayed its IPO plans for the third time amid opposition from SoftBank and market volatility. The company, initially seeking a $12 billion valuation in 2021, now targets $7 billion or more, possibly listing by March. SoftBank has pushed for stronger earnings before listing. Oyo's founder, Ritesh Agarwal, faces a $2.2 billion loan repayment deadline.

The allotment status for Ather Energy's IPO has been declared. Investors can check their status on BSE, NSE, or Link Intime's website using their PAN and application number. The grey market premium (GMP) is currently zero, indicating no premium. Steps to check allotment status are provided for each platform.

Arunaya Organics' IPO closed with a 2.45x subscription on May 2. The offer, open April 29-May 2, raised Rs 33.99 crore via 58.6 lakh shares at Rs 55-58. Allotment is by May 5, with trading on NSE Emerge from May 7. Proceeds will fund a new Dahej facility (Rs 11.8 crore) and working capital (Rs 9 crore). The company produces specialty dyes and intermediates with a 30 metric ton annual capacity.

Kenrik Industries' IPO remains undersubscribed on the third day, with 27.42 lakh shares subscribed out of 34.98 lakh, representing 78% of the offer. Retail investors took 24.6 lakh shares, while non-institutional investors subscribed to 2.82 lakh. The company aims to raise Rs 8.75 crore at Rs 25 per share for working capital and corporate purposes.

Wagons Learning's IPO, aiming to raise ₹38.38 crore, opened on May 2 with a slow start, subscribed 0.02 times on day one. The price band is ₹78-82 per share, with a negative GMP of ₹2, indicating a possible listing discount. Listing is set for May 9 on BSE SME. The company provides corporate training and skill development solutions.

Budget hotel aggregator Oyo has decided to delay its third attempt at going public amid market uncertainty and resistance from major investor SoftBank, Bloomberg reported on Friday, citing sources familiar with the matter. According to Bloomberg report, SoftBank has expressed concerns about the timing of the IPO and has urged Oyo to wait until the company’s financial performance improves.

Ather Energy IPO ended with muted subscription on Wednesday, April 30. With the bidding closed, investors now focus over Ather Energy IPO allotment status, which is expected to be out soon. It opened for subscription on Monday, April 28, and closed on Wednesday, April 30. Ather Energy IPO allotment date is likely today, May 2, Friday. Ather Energy IPO listing date is estimated to be 6 May 2025.

Jinkushal Industries, a leading exporter of construction machinery with a 6.9% market share, has filed its DRHP for an IPO. The company, known for its strong financial performance with a 56.7% revenue CAGR and 42.18% ROE, plans to issue 96.5 lakh equity shares. Proceeds will support working capital and corporate purposes, managed by GYR Capital.

Mumbai-based Priority Jewels has filed an IPO with Sebi to raise funds via a fresh issue of 54 lakh shares, aiming to reduce debt. The company plans to use Rs 75 crore for debt repayment and the remainder for corporate purposes. As of March 2025, it had total borrowings of Rs 147.1 crore. The jeweler supplies to over 200 customers, including major chains like CaratLane and Kalyan Jewellers.

India’s IPO market surged in Q1 2025, with 62 companies raising $2.8 billion, according to EY's report. India accounted for 22% of global IPOs, highlighting its growing prominence. Hexaware’s $1 billion tech IPO was the largest, while retail investor participation remained strong. Despite a 20% drop in listings compared to Q1 2024, companies were financially stronger.

Arunaya Organics' IPO was fully subscribed on Day 2, receiving 66.42 lakh shares against an offer of 58.6 lakh shares. The company aims to raise Rs 33.99 crore to fund a new facility and working capital. Kenrik Industries' IPO remained undersubscribed at 51.3%, with 17.94 lakh shares subscribed against 34.98 lakh offered. It seeks Rs 8.75 crore for working capital and corporate purposes.

Karamtara Engineering, the solar mounting structures and tracker components manufacturer, has raised Rs 105.7 crore from several investors including filmstars (Ranbir Kapoor, Aamir Khan, Karan Johar) and cricketers (Jasprit Bumrah, Rohit Sharma). They sold these shares at a price of Rs 310 per share. At this price, the company demands valuation of Rs 10,411 crore post issue.

Corona Remedies seeks SEBI approval for an ₹800 crore IPO, entirely an offer for sale. Promoters and ChrysCapital will sell stakes. The Ahmedabad-based firm, ranked second fastest-growing in India's pharmaceutical market, offers 67 brands across therapeutic segments and reported ₹1,014.5 crore revenue in FY24.

Chhatisgarh-based Jinkushal Industries, a leading non-OEM construction machines exporter, has filed for an IPO with SEBI to raise funds. The IPO includes 86.5 lakh fresh shares and 10 lakh shares via offer-for-sale. The company, holding a 6.9% market share, plans to use funds for working capital and corporate purposes. It reported an 84.3% YoY profit growth to Rs 18.6 crore in FY24.

Vedanta is considering an IPO for its Zambia-based Konkola Copper Mines (KCM) as part of a long-term strategy to unlock value and revive operations. The company aims to raise $1 billion to boost copper output to 300,000 metric tonnes annually over five years. KCM holds 16 million tonnes of high-grade copper reserves and significant cobalt resources.

Sebi chairman Tuhin Kanta Pandey has cautioned investors to be vigilant when investing in SME IPOs, emphasizing the importance of disclosures and diversification rather than chasing short-term gains. He noted that while the SME IPO segment has seen record fundraising, with 240 IPOs raising Rs 8,761 crore in 2024, some companies have shown unusually high subscriptions and listing gains.

The National Stock Exchange's (NSE) IPO is under regulatory review by Sebi, with discussions ongoing to resolve issues like compensation, technology, and ownership. NSE reapplied for a No Objection Certificate (NOC) after its IPO plans were stalled since 2016 due to governance concerns. The timeline remains uncertain, but NSE's valuation stands at ₹4.7 lakh crore.

Ather Energy IPO continues to garner robust subscription on Wednesday as the Rs 2,981 crore issue concludes today. Earlier, it mobilised Rs 1,340 crore from anchor investors. The IPO by the electric two-wheeler maker Ather Energy received bids for 1.77 crore shares against 5.33 crore shares on offer, according to data available with the NSE with a total subscription of 33% until 11:30.

Urban Company’s IPO will see early backers like Accel, Elevation Capital, Bessemer India, Tiger Global, and VYC11 partially exit, earning up to Rs 1,471 crore collectively. The Rs 1,900 crore offering includes Rs 429 crore in fresh shares and Rs 1,471 crore via OFS. Promoters Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan will retain their 6.67% stakes.

Tankup Engineers' shares debuted on NSE SME at ₹175, a 25% premium over the ₹140 issue price. The IPO, subscribed 124.67 times, raised ₹19.53 crore. The company specializes in vehicle superstructures and operates an ISO-certified facility. Proceeds will repay loans, finance working capital, and support corporate activities.

Ather Energy's IPO saw 28% subscription on its second day, with retail investors leading at 1.12 times their share. The ₹2,981 crore IPO, priced at ₹304-321 per share, aims to fund expansion and R&D. Ather, a premium EV brand, faces competition from market leader Ola Electric. Proceeds will support manufacturing and debt repayment, with a grey market premium of ₹1.

Kenrik Industries' IPO opened on April 29 and closes on May 2, with a price band of ₹25 per share. The minimum bid is 6,000 shares. The company, established in 2017, specializes in traditional Indian jewellery. The IPO consists of 34.98 lakh fresh shares to raise ₹8.75 crore for working capital and corporate expenses. Subscription status on day 1 was 21%, with retail portion at 39%.

The Arunaya Organics IPO is open from April 29 to May 2, with a price band of ₹55-₹58 per share. The company, established in 2010, manufactures specialty dyes and intermediates. The IPO includes a fresh issue of ₹30.51 crore and an OFS of 3.48 crore shares. Proceeds will fund a new facility, working capital, and corporate goals. On Day 1, subscription stood at 34%, with retail portion at 82%.

A 37-year-old Hyderabad man lost ₹2.8 crore in a fake IPO scam. He was lured via a Facebook ad, added to a WhatsApp group, and tricked into using the ASKMIN app. Scammers, including one posing as Priya, sent fake profits, then demanded a 15% processing fee. The victim filed a complaint, leading to a case under cheating and forgery laws.

Duroflex, a leading mattress maker, plans to go public within 18 months, targeting double-digit revenue growth. The company, which competes in a $2 billion market, aims to expand its non-mattress product lines and open 20-25 stores. In FY24, Duroflex reported Rs 1,001 crore in sales and Rs 44 crore in core earnings, with profits rising over 50%.

Ather Energy's ₹2,981 crore IPO, with a price band of ₹304-321, has seen 20% subscription as of April 29. Retail investors have taken 80% of their portion, while employees' shares were oversubscribed 2x. Funds will support a Maharashtra factory and debt reduction. Gaurav Garg advises aggressive investors to consider it cautiously, while conservatives should avoid due to profitability concerns.

Ather Energy, an IPO-bound EV maker, will avoid discount-driven sales, focusing on pricing discipline and expanding production to 500,000 units annually with a new Maharashtra facility. They aim to enhance supply chains by increasing domestic lithium-ion cell production and shifting more manufacturing to India. Ather is optimistic about scooter electrification, targeting non-southern markets.

Srigee DLM, a plastic injection moulding firm, is launching its IPO on May 5 to raise Rs 16.98 crore via 17.14 lakh shares priced at Rs 94-99. Funds will set up a Greater Noida facility and buy machinery. IPO closes on May 7, allotment by May 8, and trading starts on BSE SME on May 12. GYR Capital is the lead manager.

Ather Energy's IPO, the first major startup IPO in FY2026, faces risks including supply chain disruptions, intense competition from legacy players like Bajaj and TVS, a long path to profitability due to high costs, uncertain policy frameworks, and reliance on China and South Korea for battery supplies, with sales trailing competitors like Ola Electric.

Urban Company has filed a DRHP for a Rs 1,900 crore IPO, comprising a Rs 429 crore fresh issue and a Rs 1,471 crore OFS by existing investors. The fresh funds will be used for technology, infrastructure, and marketing. Founders are retaining their stakes, while investors like Accel and Tiger Global are partially exiting.

IPO of Ather Energy Limited opened for bidders on 28 April 2025. According to market observers, Ather Energy IPO GMP today is unchanged at ₹3 per share. After the end of bidding on day one, he book build issued had been subscribed 0.16 times, the retail portion had been booked 0.63 times, the NII portion had been filled 0.16 times, and the employee's reserved quota had been filled 1.78 times.

Corporate training company Wagons Learning will open its initial public offering (IPO) on May 2 with a price band of Rs 78-82 per share. The SME public issue will close on May 6. The 46.8 lakh-share IPO, worth Rs 38.38 crore at the upper price band, consists of fresh issuance of 30.8 lakh shares worth Rs 25.26 crore, and an offer-for-sale of Rs 13.12 crore by promoters.

Nine Indian firms, including Tata Play, Oyo, and Swiggy, have opted for pre-filing their IPO offer documents with SEBI, a route introduced in November 2022. This confidential process allows companies to keep sensitive information private, test investor interest, and refine their strategy before going public, offering flexibility and avoiding early public scrutiny.

Tankup Engineers IPO allotment date today: Tankup Engineers IPO allotment status will be finalized today, April 28. The IPO, subscribed 124.67 times, opened on April 23 and closed on April 25. Refunds and demat credits will begin on April 29, with listing on NSE SME on April 30. The grey market premium is +14, indicating a strong listing.

The Ather Energy IPO opened on April 28 with a price band of Rs 304-321 per share, closing on April 30. Subscription on Day 1 was low at 0.04x overall, with retail at 0.21x. Brokerages are mixed: Deven Choksey advises avoiding due to high valuation, while Geojit sees it as a high-risk, long-term bet. Bajaj Broking notes financial struggles, with Ather posting significant losses in FY24 and FY25.

Zepto's founders are in advanced talks to raise Rs 1,500 crore via structured debt from Edelweiss and others. The funds aim to buy shares from foreign investors, increasing domestic ownership to over 30% ahead of an IPO. The deal, with a 16-18% interest rate, values Zepto at $5 billion and is expected to close by July.

Ather Energy Ltd, a pioneer in India's electric two-wheeler (E2W) market, designs and sells E2Ws along with software, charging infrastructure, and smart accessories. At ₹321, its EV/Sales ratio of 7.1x (FY24) appears expensive, but strong R&D and growth potential justify a "Subscribe" rating for high-risk, long-term investors.

Ather Energy’s ₹2,981 crore IPO, priced at ₹304-321, opened on April 28-30. The issue includes a fresh share issue of ₹2,626 crore and OFS of 1.1 crore shares. Proceeds will fund a Maharashtra plant and debt reduction. Valuation at ₹11,956 crore, making it the second e-two-wheeler IPO after Ola Electric.

Ather Energy, a leading electric 2-wheeler manufacturer, is set to launch its IPO on April 28, closing on April 30, aiming to raise ₹2,981 crore. Priced at ₹304-321 per share, the IPO has a grey market premium of ₹3. The company, backed by Hero MotoCorp, plans to list on BSE and NSE by May 6, expanding its market presence.

Ethiopia raised 3.2 billion birr ($24 million) from its first IPO, selling 10.7 million shares in Ethio Telecom at 300 birr each. The sale, part of a plan to raise 30 billion birr, missed its target due to limited investor participation. The IPO marks the reopening of Ethiopia's stock market after 50 years, a key step in Prime Minister Abiy Ahmed's economic reforms.