Open & Upcoming IPOs

Fractal Industries will launch its initial public offering (IPO) on February 16, with a price band of Rs 205-216 per share, raising Rs 49 crore. IPO proceeds will be used for working capital and general corporate purposes, with Rs 36.5 crore for working capital. Trading will commence on February 24, after allotment on February 20.

Aye Finance's IPO received 18% subscription on its third day, garnering bids for 83.53 lakh shares against 4.55 crore shares on offer. Retail investors subscribed 59%, QIBs 13%, and non-institutional investors 2%. The IPO, priced at Rs 122-129 per share, will close on February 11, valuing the company at Rs 3,184 crore at the upper end of the band.

Fractal Analytics' IPO saw 23% subscription as of 11:15 am on the third day. Subscription to 43.47 lakh shares was received against 1.85 crore on offer. Retail individual investors' category fetched 70% subscription, while the quota for non-institutional investors subscribed 34% and QIBs received 2% subscription.

Grover Jewells debuted on the NSE Emerge platform at Rs 96, a 9% premium from the IPO price of Rs 88. Its market capitalization is Rs 139.27 crore, beating grey market estimates of zero premium. The IPO, subscribed 19 times, saw non-institutional investors show the most interest, booking nearly 38 times their reserved portion.

Biopol Chemicals' IPO saw 21.22 times subscription, with 24.62 times subscription by non-institutional investors, while PAN HR Solution's IPO got 9.51 times subscription with 11.25 times by NIIs. Biopol Chemicals is raising Rs 31.26 crore and PAN HR Solution is raising Rs 17.03 crore. Both will finalise share allotment by February 11 and their stocks will start trading from February 13.

Gulu Mirchandani's Rs 2.75-crore investment in Fractal Analytics in 2004 is now valued at over Rs 2,400 crore after 22 years. The company's Rs 2,834-crore IPO includes an offer for sale by the GLM Trust, which will sell a 15.5% stake valued at Rs 450 crore. Fractal plans to utilize the proceeds to invest in its US subsidiary, fund research and development, and more.

Aye Finance's mainboard IPO has seen a 13 percent subscription on its second day, with bids for 60.44 lakh shares against the offer size of 4.55 crore shares. Retail investors subscribed 33 percent, while QIB booked 13 percent and NII booked 1 percent of their reserved portions. The IPO aims to raise Rs 1,010 crore.

Fractal Analytics IPO received a muted response, subscribed just 0.09 times. The retail portion was 0.35 times subscribed, while non-institutional investors were booked 0.07 times. The issue comprises ₹2,834 crore, with a price band of ₹857-₹900 per share. The company plans to use proceeds for debt settlement, research, and marketing.

The Aye Finance IPO opened, receiving bids for 10.06 lakh shares, a 2% subscription on Day 1, against the offer size of 4.55 crore shares. Retail investors subscribed 12% of their reserved portion, while NII and QIB portions saw minimal bids. The IPO aims to raise Rs 1,010 crore and will list on BSE and NSE on February 16.

The ₹2,833.90 crore Fractal Analytics IPO is priced at ₹857-₹900 per share with a lot size of 16 for retail investors. It has a promoter holding of 18.19% and ₹2,965.40 crore in assets. The EBITDA margin is 11.90%, backed by strong global AI positioning and marquee clients with a grey market premium of 10.89%.

Three IPOs begin subscription from February 9, seeking Rs 3,870.87 crore. Fractal Analytics raises Rs 2,834 crore from mainboard segment at upper end of Rs 857-900 per share. Aye Finance raises Rs 1,010 crore at Rs 122-129 per share. Marushika Technology raises Rs 26.97 crore from SME segment at Rs 111-117 per share, set to list on February 16.

A consortium led by Temasek plans to invest Rs 1,500 crore in Clean Max Enviro Energy Solutions through a pre-IPO round, with Temasek likely to lead the investment and other co-investors including Bain Capital and Steadview Capital joining. The total capital raise could be Rs 4,500 crore, with a possible IPO launch in late February or early March.

Fractal Analytics, a leading AI firm, will launch its Rs 2,833.90 crore IPO on February 9 with a potential 7% listing gain, estimated at Rs 963 per share. The IPO comprises a fresh issue of Rs 1,023.50 crore and an OFS of Rs 1,810.40 crore. The company will use proceeds to fund growth, innovation, and scale its AI product portfolio.

NFP Sampoorna Foods withdrew its IPO plan before it opened for subscription due to prevailing market conditions. Meanwhile, Grover Jewells' IPO was fully subscribed at 1.01 times on the first day, and Brandman Retail's issue saw a 67 percent subscription on its first day, with investors bidding for shares in all three companies.

Fractal Analytics is set to become India's first AI company to list on bourses on February 16 with a valuation of Rs 14,450 crores. The company reduced its IPO size by 42% and trimmed the share price top band by 18%. The listing date is aligned between the Union Budget's AI sector bullish announcements and India's AI Impact Summit.

Aye Finance's Rs 1,010-crore IPO opened for subscription on February 9 with a price band of Rs 122-129 per share. The issue received muted demand in the grey market, trading at a nearly 4 percent premium. The company valued at Rs 3,200 crore at the upper price band will use proceeds for augmenting capital base and future business growth.

PhonePe has filed its Draft Red Herring Prospectus, moving closer to an IPO. Bernstein said the company is a key beneficiary of India’s digital payments push, with 230 million monthly active users and $1.8 trillion in annual transactions. PhonePe holds a 49% UPI market share, while monetisation is improving gradually, with revenue rising to ₹7,800 crore in the 12 months to September 2025.

Skyways Air Services Ltd. files draft red herring prospectus to raise ₹1,000-1,100 crore through an IPO. The IPO consists of a fresh issue and an offer for sale of up to 3.292 crore equity shares. Proceeds will fund repayments, working capital, and general corporate purposes, and the equity shares will be listed on BSE and NSE.

The Whole Truth, a healthy food brand, has raised $51 million in Series D funding led by Sofina and Sauce.vc, with existing investors participating. The capital will be used for expansion, working capital, and preparing for an IPO. Founded by Unilever executive Shashank Mehta, the company has grown threefold since the Series C round in January 2025.

National Stock Exchange secures SEBI clearance to revive its long-delayed IPO, aiming to list with around 4.5% equity sale, valued at ₹23,000 crore. NSE targets filing a DRHP by end-March or early April, with Ashish Kumar Chauhan preferring an Offer for Sale structure, but considering a fresh issue for required dilution.

Fractal Industries will launch its initial public offering (IPO) on February 16, with a price band of Rs 205-216 per share, raising Rs 49 crore. IPO proceeds will be used for working capital and general corporate purposes, with Rs 36.5 crore for working capital. Trading will commence on February 24, after allotment on February 20.

Aye Finance's IPO received 18% subscription on its third day, garnering bids for 83.53 lakh shares against 4.55 crore shares on offer. Retail investors subscribed 59%, QIBs 13%, and non-institutional investors 2%. The IPO, priced at Rs 122-129 per share, will close on February 11, valuing the company at Rs 3,184 crore at the upper end of the band.

Fractal Analytics' IPO saw 23% subscription as of 11:15 am on the third day. Subscription to 43.47 lakh shares was received against 1.85 crore on offer. Retail individual investors' category fetched 70% subscription, while the quota for non-institutional investors subscribed 34% and QIBs received 2% subscription.

Grover Jewells debuted on the NSE Emerge platform at Rs 96, a 9% premium from the IPO price of Rs 88. Its market capitalization is Rs 139.27 crore, beating grey market estimates of zero premium. The IPO, subscribed 19 times, saw non-institutional investors show the most interest, booking nearly 38 times their reserved portion.

Biopol Chemicals' IPO saw 21.22 times subscription, with 24.62 times subscription by non-institutional investors, while PAN HR Solution's IPO got 9.51 times subscription with 11.25 times by NIIs. Biopol Chemicals is raising Rs 31.26 crore and PAN HR Solution is raising Rs 17.03 crore. Both will finalise share allotment by February 11 and their stocks will start trading from February 13.

Gulu Mirchandani's Rs 2.75-crore investment in Fractal Analytics in 2004 is now valued at over Rs 2,400 crore after 22 years. The company's Rs 2,834-crore IPO includes an offer for sale by the GLM Trust, which will sell a 15.5% stake valued at Rs 450 crore. Fractal plans to utilize the proceeds to invest in its US subsidiary, fund research and development, and more.

Aye Finance's mainboard IPO has seen a 13 percent subscription on its second day, with bids for 60.44 lakh shares against the offer size of 4.55 crore shares. Retail investors subscribed 33 percent, while QIB booked 13 percent and NII booked 1 percent of their reserved portions. The IPO aims to raise Rs 1,010 crore.

Fractal Analytics IPO received a muted response, subscribed just 0.09 times. The retail portion was 0.35 times subscribed, while non-institutional investors were booked 0.07 times. The issue comprises ₹2,834 crore, with a price band of ₹857-₹900 per share. The company plans to use proceeds for debt settlement, research, and marketing.

The Aye Finance IPO opened, receiving bids for 10.06 lakh shares, a 2% subscription on Day 1, against the offer size of 4.55 crore shares. Retail investors subscribed 12% of their reserved portion, while NII and QIB portions saw minimal bids. The IPO aims to raise Rs 1,010 crore and will list on BSE and NSE on February 16.

The ₹2,833.90 crore Fractal Analytics IPO is priced at ₹857-₹900 per share with a lot size of 16 for retail investors. It has a promoter holding of 18.19% and ₹2,965.40 crore in assets. The EBITDA margin is 11.90%, backed by strong global AI positioning and marquee clients with a grey market premium of 10.89%.

Three IPOs begin subscription from February 9, seeking Rs 3,870.87 crore. Fractal Analytics raises Rs 2,834 crore from mainboard segment at upper end of Rs 857-900 per share. Aye Finance raises Rs 1,010 crore at Rs 122-129 per share. Marushika Technology raises Rs 26.97 crore from SME segment at Rs 111-117 per share, set to list on February 16.

A consortium led by Temasek plans to invest Rs 1,500 crore in Clean Max Enviro Energy Solutions through a pre-IPO round, with Temasek likely to lead the investment and other co-investors including Bain Capital and Steadview Capital joining. The total capital raise could be Rs 4,500 crore, with a possible IPO launch in late February or early March.

Fractal Analytics, a leading AI firm, will launch its Rs 2,833.90 crore IPO on February 9 with a potential 7% listing gain, estimated at Rs 963 per share. The IPO comprises a fresh issue of Rs 1,023.50 crore and an OFS of Rs 1,810.40 crore. The company will use proceeds to fund growth, innovation, and scale its AI product portfolio.

NFP Sampoorna Foods withdrew its IPO plan before it opened for subscription due to prevailing market conditions. Meanwhile, Grover Jewells' IPO was fully subscribed at 1.01 times on the first day, and Brandman Retail's issue saw a 67 percent subscription on its first day, with investors bidding for shares in all three companies.

Fractal Analytics is set to become India's first AI company to list on bourses on February 16 with a valuation of Rs 14,450 crores. The company reduced its IPO size by 42% and trimmed the share price top band by 18%. The listing date is aligned between the Union Budget's AI sector bullish announcements and India's AI Impact Summit.

Aye Finance's Rs 1,010-crore IPO opened for subscription on February 9 with a price band of Rs 122-129 per share. The issue received muted demand in the grey market, trading at a nearly 4 percent premium. The company valued at Rs 3,200 crore at the upper price band will use proceeds for augmenting capital base and future business growth.

PhonePe has filed its Draft Red Herring Prospectus, moving closer to an IPO. Bernstein said the company is a key beneficiary of India’s digital payments push, with 230 million monthly active users and $1.8 trillion in annual transactions. PhonePe holds a 49% UPI market share, while monetisation is improving gradually, with revenue rising to ₹7,800 crore in the 12 months to September 2025.

Skyways Air Services Ltd. files draft red herring prospectus to raise ₹1,000-1,100 crore through an IPO. The IPO consists of a fresh issue and an offer for sale of up to 3.292 crore equity shares. Proceeds will fund repayments, working capital, and general corporate purposes, and the equity shares will be listed on BSE and NSE.

The Whole Truth, a healthy food brand, has raised $51 million in Series D funding led by Sofina and Sauce.vc, with existing investors participating. The capital will be used for expansion, working capital, and preparing for an IPO. Founded by Unilever executive Shashank Mehta, the company has grown threefold since the Series C round in January 2025.

National Stock Exchange secures SEBI clearance to revive its long-delayed IPO, aiming to list with around 4.5% equity sale, valued at ₹23,000 crore. NSE targets filing a DRHP by end-March or early April, with Ashish Kumar Chauhan preferring an Offer for Sale structure, but considering a fresh issue for required dilution.

Msafe Equipments' IPO was heavily subscribed 167 times overall, with demand particularly strong in the non-institutional investor segment (over 300 times), retail investors (over 130 times) and qualified institutional buyers (118 times). The IPO is expected to list at Rs 144-145, a 17% premium, after closing at Rs 123 per share, pending broader market conditions and post-listing liquidity.

Fractal Analytics fixed its ₹2,834 crore IPO price between ₹857 to ₹900 per share. 10% is reserved for retail investors, 75% for QIBs. At the upper end, Fractal values itself at ₹15,473.6 crore, with promoter holding decreasing from 18.18% to 16.98% post-IPO. The issue opens on February 8 and closes on February 11.

Kanishk Aluminium India's IPO subscribed 1.04 times, with retail investors subscribing 1.86 times. The IPO of Rs 29.20 crore was a fixed-price issue at Rs 73 per share. The company, valued at Rs 98.1 crore, plans to use IPO proceeds for repayment of borrowings and branding. Shares are scheduled to list on BSE SME on February 4 with zero grey market premium, indicating muted expectations.

Fractal and Aye Finance plan to launch initial public offerings (IPOs) in the coming week. Fractal, backed by TPG Capital, aims to raise over Rs 2,800 crore through the IPO. Aye Finance, backed by Alphabet and others, will not disclose the fund raise. The offer price band for both companies will be announced on February 4, with subscription to start soon after.

Dhoot Transmission, a Bain Capital-backed auto component maker, has filed draft IPO papers to raise $250 million through a mix of primary and secondary share sale. Founded in 1999, the company supplies to OEMs across automotive and consumer durables segments. Its consolidated revenue rose to Rs 2,653 crore in FY24, with 15-20% contribution from overseas operations.

Invesco Mutual Fund has filed a draft SID with SEBI for its proposed Summit Equity Long-Short Fund under the Specialized Investment Fund platform. The fund aims to generate capital appreciation by investing in listed equities and taking limited short exposure, with a 25% unhedged short exposure cap and 80-100% net asset allocation to equity instruments.

Marri Retail, an Hyderabad-based apparel and jewellery retailer, has filed IPO papers to raise up to Rs 522 crore through fresh issuance of shares and an offer-for-sale of 2.7 crore equity shares by promoter Marri Venkat Reddy. Proceeds will be used for expansion, debt repayment, and general corporate purposes, with the company operating 34 stores under various brands across India.

The National Stock Exchange (NSE) has received a key SEBI no-objection certificate (NOC) to proceed with its long-awaited IPO, clearing a major regulatory hurdle after years of delay. MD & CEO Ashish Kumar Chauhan says work on the Draft Red Herring Prospectus (DRHP) has begun and the IPO—structured as a pure Offer for Sale- could be completed in about 7–8 months.

Srit India, a Bengaluru-based software solutions company, filed a draft document to raise funds via IPO. The IPO comprises 1.68 crore fresh equity shares, valuing Rs 200-250 crore. Proceeds will be used for capital expenditure (15.3 crore), working capital (124 crore), inorganic growth, and general corporate purposes. Srit India reported a 43.6% revenue surge to Rs 389.3 crore in FY2025.

The Securities and Exchange Board of India (Sebi) granted a no-objection certificate to National Stock Exchange's (NSE) initial public offering (IPO). Chairman Srinivas Injeti stated this marks a new chapter in value creation for stakeholders. NSE is the world's largest derivatives exchange group and expected to list at ₹5 lakh crore valuation, diluting 2.5%.

The National Stock Exchange of India (NSE) received approval from SEBI to proceed with its long-awaited initial public offering (IPO). NSE chairman Injeti Srinivas said this marks a new chapter of value creation. The IPO plans have been on hold for nearly a decade, and the approval makes way for formal preparations, including appointing advisers and filing the draft red herring prospectus.

The National Company Law Tribunal's Bengaluru Bench approved the amalgamation of US-based MoEngage Inc with its Indian subsidiary, MoEngage India Private Limited, allowing the US entity to dissolve without winding up. This clears a key regulatory step in MoEngage's corporate restructuring. The merger will transfer the US entity's assets, liabilities, and operations to its Indian subsidiary.

Shayona Engineering's Rs 14.86 crore IPO was subscribed 5.43 times, with strong demand from non-institutional investors. The company reported a Rs 2.42 crore profit in FY25, up from Rs 1.71 crore in FY24. Shares were trading at a 3% grey market premium ahead of the listing, with an implied listing price of around Rs 148.

Turtlemint Fintech Solutions Ltd files its UDRHP-I with SEBI for a ₹660.7 crore IPO, consisting of a fresh issue of shares and an offer for sale by selling shareholders. The company, which operates in India's insurance distribution space, has onboarded 603,302 digital partners and distributed 19.68 million policies across health, life, and motor insurance as of September 30, 2025.

Shapoorji Pallonji Group's real estate vertical plans to raise over Rs 8,000 crore through IPO, aiming to unlock value and pare debt. The firm has engaged advisors, including investment banks JM Financial, Motilal Oswal, and Morgan Stanley, and law firms Trilegal and AZB & Partners. The group has a development potential of over 142 million square feet across six cities.

KRM Ayurveda made a bumper debut on the Indian stock market with a 28% premium over its IPO price of ₹135. Shares listed at ₹172.10 on NSE SME, beating market expectations. The IPO was subscribed 74.27 times with 443 employees, six hospitals, and five clinics across India. The ₹77.49 crore funds raised will be used for infrastructure expansion and corporate purposes.

KRM Ayurveda's Rs 77 crore IPO on the NSE SME platform was subscribed 74.27 times, with non-institutional investors bidding 135.37 times. The issue was priced at Rs 135 per share at the upper end of the Rs 128 to Rs 135 price band, valuing the company at around Rs 287 crore, with an implied listing price of Rs 158 based on a grey market premium.

Pride Hotels, an Indian hospitality brand, received SEBI approval for its IPO, estimated at Rs 1,000 crore. The IPO size consists of a fresh issue of Rs 260 crore and an offer for sale of up to 39.24 million equity shares. Proceeds will be used for hotel renovations (Rs 159.68 crore), repayment of borrowings (Rs 40 crore), and general corporate purposes.

Fractal Analytics plans an IPO in the first half of 2026, with a revised size of ₹2,800 crore, down from ₹4,900 crore. The IPO will comprise a fresh issue of ₹1,000 crore and an Offer for Sale. Bankers include Morgan Stanley, Goldman Sachs, and Axis Capital. The company will utilize proceeds for subsidiaries, investments, and general corporate purposes.

Shadowfax Technologies listed at Rs 112.60, a 9.19% discount from its IPO price of Rs 124, on the NSE, with a market capitalization of Rs 6,509.78 crore. The company has missed grey market expectations due to a weaker than anticipated listing performance. Retail investors and QIBs had subscribed to their reserved portions more than 2 times during the IPO.

Fractal Industries will launch its initial public offering (IPO) on February 16, with a price band of Rs 205-216 per share, raising Rs 49 crore. IPO proceeds will be used for working capital and general corporate purposes, with Rs 36.5 crore for working capital. Trading will commence on February 24, after allotment on February 20.

Aye Finance's IPO received 18% subscription on its third day, garnering bids for 83.53 lakh shares against 4.55 crore shares on offer. Retail investors subscribed 59%, QIBs 13%, and non-institutional investors 2%. The IPO, priced at Rs 122-129 per share, will close on February 11, valuing the company at Rs 3,184 crore at the upper end of the band.

Fractal Analytics' IPO saw 23% subscription as of 11:15 am on the third day. Subscription to 43.47 lakh shares was received against 1.85 crore on offer. Retail individual investors' category fetched 70% subscription, while the quota for non-institutional investors subscribed 34% and QIBs received 2% subscription.

Grover Jewells debuted on the NSE Emerge platform at Rs 96, a 9% premium from the IPO price of Rs 88. Its market capitalization is Rs 139.27 crore, beating grey market estimates of zero premium. The IPO, subscribed 19 times, saw non-institutional investors show the most interest, booking nearly 38 times their reserved portion.

Biopol Chemicals' IPO saw 21.22 times subscription, with 24.62 times subscription by non-institutional investors, while PAN HR Solution's IPO got 9.51 times subscription with 11.25 times by NIIs. Biopol Chemicals is raising Rs 31.26 crore and PAN HR Solution is raising Rs 17.03 crore. Both will finalise share allotment by February 11 and their stocks will start trading from February 13.

Gulu Mirchandani's Rs 2.75-crore investment in Fractal Analytics in 2004 is now valued at over Rs 2,400 crore after 22 years. The company's Rs 2,834-crore IPO includes an offer for sale by the GLM Trust, which will sell a 15.5% stake valued at Rs 450 crore. Fractal plans to utilize the proceeds to invest in its US subsidiary, fund research and development, and more.

Aye Finance's mainboard IPO has seen a 13 percent subscription on its second day, with bids for 60.44 lakh shares against the offer size of 4.55 crore shares. Retail investors subscribed 33 percent, while QIB booked 13 percent and NII booked 1 percent of their reserved portions. The IPO aims to raise Rs 1,010 crore.

Fractal Analytics IPO received a muted response, subscribed just 0.09 times. The retail portion was 0.35 times subscribed, while non-institutional investors were booked 0.07 times. The issue comprises ₹2,834 crore, with a price band of ₹857-₹900 per share. The company plans to use proceeds for debt settlement, research, and marketing.

The Aye Finance IPO opened, receiving bids for 10.06 lakh shares, a 2% subscription on Day 1, against the offer size of 4.55 crore shares. Retail investors subscribed 12% of their reserved portion, while NII and QIB portions saw minimal bids. The IPO aims to raise Rs 1,010 crore and will list on BSE and NSE on February 16.

The ₹2,833.90 crore Fractal Analytics IPO is priced at ₹857-₹900 per share with a lot size of 16 for retail investors. It has a promoter holding of 18.19% and ₹2,965.40 crore in assets. The EBITDA margin is 11.90%, backed by strong global AI positioning and marquee clients with a grey market premium of 10.89%.

Three IPOs begin subscription from February 9, seeking Rs 3,870.87 crore. Fractal Analytics raises Rs 2,834 crore from mainboard segment at upper end of Rs 857-900 per share. Aye Finance raises Rs 1,010 crore at Rs 122-129 per share. Marushika Technology raises Rs 26.97 crore from SME segment at Rs 111-117 per share, set to list on February 16.

A consortium led by Temasek plans to invest Rs 1,500 crore in Clean Max Enviro Energy Solutions through a pre-IPO round, with Temasek likely to lead the investment and other co-investors including Bain Capital and Steadview Capital joining. The total capital raise could be Rs 4,500 crore, with a possible IPO launch in late February or early March.

Fractal Analytics, a leading AI firm, will launch its Rs 2,833.90 crore IPO on February 9 with a potential 7% listing gain, estimated at Rs 963 per share. The IPO comprises a fresh issue of Rs 1,023.50 crore and an OFS of Rs 1,810.40 crore. The company will use proceeds to fund growth, innovation, and scale its AI product portfolio.

NFP Sampoorna Foods withdrew its IPO plan before it opened for subscription due to prevailing market conditions. Meanwhile, Grover Jewells' IPO was fully subscribed at 1.01 times on the first day, and Brandman Retail's issue saw a 67 percent subscription on its first day, with investors bidding for shares in all three companies.

Fractal Analytics is set to become India's first AI company to list on bourses on February 16 with a valuation of Rs 14,450 crores. The company reduced its IPO size by 42% and trimmed the share price top band by 18%. The listing date is aligned between the Union Budget's AI sector bullish announcements and India's AI Impact Summit.

Aye Finance's Rs 1,010-crore IPO opened for subscription on February 9 with a price band of Rs 122-129 per share. The issue received muted demand in the grey market, trading at a nearly 4 percent premium. The company valued at Rs 3,200 crore at the upper price band will use proceeds for augmenting capital base and future business growth.

PhonePe has filed its Draft Red Herring Prospectus, moving closer to an IPO. Bernstein said the company is a key beneficiary of India’s digital payments push, with 230 million monthly active users and $1.8 trillion in annual transactions. PhonePe holds a 49% UPI market share, while monetisation is improving gradually, with revenue rising to ₹7,800 crore in the 12 months to September 2025.

Skyways Air Services Ltd. files draft red herring prospectus to raise ₹1,000-1,100 crore through an IPO. The IPO consists of a fresh issue and an offer for sale of up to 3.292 crore equity shares. Proceeds will fund repayments, working capital, and general corporate purposes, and the equity shares will be listed on BSE and NSE.

The Whole Truth, a healthy food brand, has raised $51 million in Series D funding led by Sofina and Sauce.vc, with existing investors participating. The capital will be used for expansion, working capital, and preparing for an IPO. Founded by Unilever executive Shashank Mehta, the company has grown threefold since the Series C round in January 2025.

National Stock Exchange secures SEBI clearance to revive its long-delayed IPO, aiming to list with around 4.5% equity sale, valued at ₹23,000 crore. NSE targets filing a DRHP by end-March or early April, with Ashish Kumar Chauhan preferring an Offer for Sale structure, but considering a fresh issue for required dilution.

Msafe Equipments' IPO was heavily subscribed 167 times overall, with demand particularly strong in the non-institutional investor segment (over 300 times), retail investors (over 130 times) and qualified institutional buyers (118 times). The IPO is expected to list at Rs 144-145, a 17% premium, after closing at Rs 123 per share, pending broader market conditions and post-listing liquidity.

Fractal Analytics fixed its ₹2,834 crore IPO price between ₹857 to ₹900 per share. 10% is reserved for retail investors, 75% for QIBs. At the upper end, Fractal values itself at ₹15,473.6 crore, with promoter holding decreasing from 18.18% to 16.98% post-IPO. The issue opens on February 8 and closes on February 11.

Kanishk Aluminium India's IPO subscribed 1.04 times, with retail investors subscribing 1.86 times. The IPO of Rs 29.20 crore was a fixed-price issue at Rs 73 per share. The company, valued at Rs 98.1 crore, plans to use IPO proceeds for repayment of borrowings and branding. Shares are scheduled to list on BSE SME on February 4 with zero grey market premium, indicating muted expectations.

Fractal and Aye Finance plan to launch initial public offerings (IPOs) in the coming week. Fractal, backed by TPG Capital, aims to raise over Rs 2,800 crore through the IPO. Aye Finance, backed by Alphabet and others, will not disclose the fund raise. The offer price band for both companies will be announced on February 4, with subscription to start soon after.

Dhoot Transmission, a Bain Capital-backed auto component maker, has filed draft IPO papers to raise $250 million through a mix of primary and secondary share sale. Founded in 1999, the company supplies to OEMs across automotive and consumer durables segments. Its consolidated revenue rose to Rs 2,653 crore in FY24, with 15-20% contribution from overseas operations.

Invesco Mutual Fund has filed a draft SID with SEBI for its proposed Summit Equity Long-Short Fund under the Specialized Investment Fund platform. The fund aims to generate capital appreciation by investing in listed equities and taking limited short exposure, with a 25% unhedged short exposure cap and 80-100% net asset allocation to equity instruments.

Marri Retail, an Hyderabad-based apparel and jewellery retailer, has filed IPO papers to raise up to Rs 522 crore through fresh issuance of shares and an offer-for-sale of 2.7 crore equity shares by promoter Marri Venkat Reddy. Proceeds will be used for expansion, debt repayment, and general corporate purposes, with the company operating 34 stores under various brands across India.

The National Stock Exchange (NSE) has received a key SEBI no-objection certificate (NOC) to proceed with its long-awaited IPO, clearing a major regulatory hurdle after years of delay. MD & CEO Ashish Kumar Chauhan says work on the Draft Red Herring Prospectus (DRHP) has begun and the IPO—structured as a pure Offer for Sale- could be completed in about 7–8 months.

Srit India, a Bengaluru-based software solutions company, filed a draft document to raise funds via IPO. The IPO comprises 1.68 crore fresh equity shares, valuing Rs 200-250 crore. Proceeds will be used for capital expenditure (15.3 crore), working capital (124 crore), inorganic growth, and general corporate purposes. Srit India reported a 43.6% revenue surge to Rs 389.3 crore in FY2025.

The Securities and Exchange Board of India (Sebi) granted a no-objection certificate to National Stock Exchange's (NSE) initial public offering (IPO). Chairman Srinivas Injeti stated this marks a new chapter in value creation for stakeholders. NSE is the world's largest derivatives exchange group and expected to list at ₹5 lakh crore valuation, diluting 2.5%.

The National Stock Exchange of India (NSE) received approval from SEBI to proceed with its long-awaited initial public offering (IPO). NSE chairman Injeti Srinivas said this marks a new chapter of value creation. The IPO plans have been on hold for nearly a decade, and the approval makes way for formal preparations, including appointing advisers and filing the draft red herring prospectus.

The National Company Law Tribunal's Bengaluru Bench approved the amalgamation of US-based MoEngage Inc with its Indian subsidiary, MoEngage India Private Limited, allowing the US entity to dissolve without winding up. This clears a key regulatory step in MoEngage's corporate restructuring. The merger will transfer the US entity's assets, liabilities, and operations to its Indian subsidiary.

Shayona Engineering's Rs 14.86 crore IPO was subscribed 5.43 times, with strong demand from non-institutional investors. The company reported a Rs 2.42 crore profit in FY25, up from Rs 1.71 crore in FY24. Shares were trading at a 3% grey market premium ahead of the listing, with an implied listing price of around Rs 148.

Turtlemint Fintech Solutions Ltd files its UDRHP-I with SEBI for a ₹660.7 crore IPO, consisting of a fresh issue of shares and an offer for sale by selling shareholders. The company, which operates in India's insurance distribution space, has onboarded 603,302 digital partners and distributed 19.68 million policies across health, life, and motor insurance as of September 30, 2025.

Shapoorji Pallonji Group's real estate vertical plans to raise over Rs 8,000 crore through IPO, aiming to unlock value and pare debt. The firm has engaged advisors, including investment banks JM Financial, Motilal Oswal, and Morgan Stanley, and law firms Trilegal and AZB & Partners. The group has a development potential of over 142 million square feet across six cities.

KRM Ayurveda made a bumper debut on the Indian stock market with a 28% premium over its IPO price of ₹135. Shares listed at ₹172.10 on NSE SME, beating market expectations. The IPO was subscribed 74.27 times with 443 employees, six hospitals, and five clinics across India. The ₹77.49 crore funds raised will be used for infrastructure expansion and corporate purposes.

KRM Ayurveda's Rs 77 crore IPO on the NSE SME platform was subscribed 74.27 times, with non-institutional investors bidding 135.37 times. The issue was priced at Rs 135 per share at the upper end of the Rs 128 to Rs 135 price band, valuing the company at around Rs 287 crore, with an implied listing price of Rs 158 based on a grey market premium.

Pride Hotels, an Indian hospitality brand, received SEBI approval for its IPO, estimated at Rs 1,000 crore. The IPO size consists of a fresh issue of Rs 260 crore and an offer for sale of up to 39.24 million equity shares. Proceeds will be used for hotel renovations (Rs 159.68 crore), repayment of borrowings (Rs 40 crore), and general corporate purposes.

Fractal Analytics plans an IPO in the first half of 2026, with a revised size of ₹2,800 crore, down from ₹4,900 crore. The IPO will comprise a fresh issue of ₹1,000 crore and an Offer for Sale. Bankers include Morgan Stanley, Goldman Sachs, and Axis Capital. The company will utilize proceeds for subsidiaries, investments, and general corporate purposes.

Shadowfax Technologies listed at Rs 112.60, a 9.19% discount from its IPO price of Rs 124, on the NSE, with a market capitalization of Rs 6,509.78 crore. The company has missed grey market expectations due to a weaker than anticipated listing performance. Retail investors and QIBs had subscribed to their reserved portions more than 2 times during the IPO.