Latest news with #DRHP
News18
3 days ago
- Business
- News18
Tata Capital Begins Investor Roadshows For Rs 17,000-Crore IPO
Last Updated: IPO-bound Tata Capital has launched a series of institutional roadshows to engage both global and domestic investors Tata Capital IPO: IPO-bound Tata Capital has launched a series of institutional roadshows to engage both global and domestic investors as it gears up for its much-anticipated initial public offering, estimated to be over Rs 17,000 crore, Moneycontrol reported, citing sources. The move follows the shadow bank's filing of an updated Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on August 4. 'Tata Capital's diversified lending portfolio, strong parentage, the legacy of the Tata brand, and sharp focus on digital transformation are expected to attract a broad spectrum of investors, both foreign and domestic," one source told Moneycontrol. Expected to be the biggest IPO of 2025, the share sale comprises a fresh issue of up to 21 crore equity shares and an offer for sale (OFS) of up to 26.58 crore shares, totalling 47.58 crore shares. Tata Sons, the company's promoter, will sell up to 23 crore shares, while International Finance Corporation (IFC) plans to offload up to 3.58 crore shares. The fresh issue proceeds will be used to bolster Tata Capital's Tier-I capital base to meet capital adequacy requirements and for onward lending. According to Moneycontrol sources, the company's senior leadership is spearheading outreach efforts, with global roadshows already underway in Hong Kong, Singapore, the UK, and the US. These will be followed by domestic events, including retail-focused sessions closer to the IPO launch. The roadshows are aimed at generating investor interest, showcasing Tata Capital's growth strategy, and building confidence ahead of one of the most significant financial services IPOs of the year. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
4 days ago
- Business
- Business Standard
JSW Cement public offer booked 56%; Varmora Granito files DRHP with Sebi
The initial public offering (IPO) of JSW Cement Ltd got subscribed 56 per cent on the second day of bidding on Friday. The IPO received bids for 10,19,35,638 shares against 18,12,94,964 shares on offer, according to NSE data. Retail Individual Investors part fetched 72 per cent subscription, while the category for non-institutional investors got subscribed 62 per cent. Varmora Granito files DRHP with market regulator Tiles and bathware maker Varmora Granito Ltd has filed draft papers with the Securities and Exchange Board of India (Sebi) seeking its go-ahead to mobilise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issue of shares worth ₹400 crore and offer for sale (OFS) of 5.24 crore equity shares, according to the draft red herring prospectus (DRHP) filed on Thursday. Those selling shares under the OFS are promoters —Parsotambhai Jivrajbhai Patel, Ramanbhai Jivrajbhai Varmora, and Vallabhbhai Jivrajbhai Varmora and Katsura Investments. Silver Consumer Electricals Ltd (SCEL) has filed preliminary papers with the Securities and Exchange Board of India (Sebi), seeking its approval to raise ₹1,400 crore through an initial public offering (IPO) comprising a fresh issue of shares worth ₹1,000 crore and an offer for sale valued at ₹400 crore. The initial public offering (IPO) of consumerware products maker All Time Plastics got fully subscribed on Thursday, the day two of bidding. The company's IPO got bids for 10,780,074 shares against 10,546,297 shares on offer, translating into 1.02 times subscription, according to data. Retail individual investors quota garnered 1.44 times subscription.
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Business Standard
5 days ago
- Business
- Business Standard
Upcoming IPO! Transline Technologies files draft papers with Sebi; details
Upcoming IPO: Technology solutions provider Transline Technologies is aiming to go public, having filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator, the Securities and Exchange Board of India (Sebi), for its initial public offering (IPO). The public offering of Transline Technologies, as outlined in the DRHP, comprises an entirely offer-for-sale (OFS), with promoters and shareholders divesting up to 16.19 million equity shares with a face value of ₹2 each. From the promoters' group, Amita Gupta is divesting 5,500,000 shares, RKG Enterprises is offloading 7,982,800 shares, and Arun Gupta HUF is selling 2,658,700 shares. From the shareholders' category, Rahul Jain is divesting up to 50,000 equity shares. The equity shares, as proposed in the DRHP, are to be listed on the National Stock Exchange of India (NSE) and the BSE. Bigshare Services serves as the registrar for the public offering, while Motilal Oswal Investment Advisors is acting as the sole book-running lead manager. About Transline Technologies Transline Technologies is a specialized technology solutions provider focused on designing, developing, and deploying integrated security and surveillance systems, biometric authentication platforms, and artificial intelligence-driven software products. The company's business model generates revenue from multiple streams, including project-based system integration contracts, Software as a Service (SaaS) subscriptions, sales of hardware and software products, and technical services such as annual maintenance and managed support. Transline Technologies has developed a portfolio of proprietary software tools—StorePulse, an AI-powered video analytics platform; CamStore, a real-time video compression and storage optimization solution; and CheckCam, a CCTV network health monitoring system. These are offered either as standalone cloud-based SaaS solutions or as part of integrated turnkey deployments. Transline Technologies' profit after tax (PAT) during the financial year 2024–25 (FY25) rose ₹12.87 crore year-on-year (Y-o-Y), reaching ₹48.33 crore from ₹35.46 crore reported in FY24. The company's revenue from operations also jumped 64.27 per cent Y-o-Y to ₹371.07 crore in FY25, up from ₹225.89 crore reported in FY24.
Time of India
5 days ago
- Business
- Time of India
Silver Consumer Electricals files draft papers with Sebi; aims to raise Rs 1,400 cr via IPO
Silver Consumer Electricals Ltd (SCEL) has filed preliminary papers with markets regulator Sebi, seeking its approval to raise Rs 1,400 crore through an Initial Public Offering (IPO). The IPO comprises a fresh issue of shares worth Rs 1,000 crore and an Offer for Sale (OFS) valued at Rs 400 crore, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Of the fresh issuance amount, the company will use Rs 865 crore to repay or prepay its borrowings and Rs 35 crore to clear the borrowings of its subsidiary, BAPL, and the rest for general corporate purposes. The Rajkot-headquartered SCEL is a large-scale manufacturer of electrical consumer durables , including pumps and motors, solar pumps and controllers, fans, lighting, other consumer electrical products and agricultural equipment . As of March 31, 2025, the company's installed capacity includes 24 lakh units of pumps and motors, 72 lakh units of fans, 2.19 crore units of lighting products, and 72,000 units of agricultural equipment. SCEL operates under a dual business model-- marketing its products under the "Silver" and "Bediya" brands, and designing, manufacturing, and supplying products to leading Original Equipment Manufacturers (OEMs) in India. Live Events Motilal Oswal Investment Advisors , ICICI Securities , JM Financial and Choice Capital Advisors have been appointed as lead managers to manage the public issue. PTI ETMarkets WhatsApp channel )
Economic Times
6 days ago
- Business
- Economic Times
Pine Labs appoints Avendus' Sameer Kamath as CFO ahead of IPO
ETtech Sameer Kamath, CFO, Pine Labs Merchant payments company Pine Labs, which is gearing up for an initial public offering (IPO), has appointed Sameer Kamath as its new chief financial officer (CFO), it said in a statement on was previously group CFO at Mumbai-based investment bank Avendus Capital. ET was the first to report the development. Kamath succeeds Marc Mathenz, the company's Singapore-based CFO, who stepped down in June, shortly before Pine Labs filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). In his new role, Kamath will lead global finance strategy, accounting, investor relations, and financial leadership across the Pine Labs group, the Gurugram-based company said in a has over two decades of experience in financial services and has also served as director and group chief financial advisor at Motilal Oswal. He is a chartered accountant and holds a postgraduate degree in business administration from NMIMS, on the appointment, Amrish Rau, chief executive officer of Pine Labs, said, 'Sameer's proven track record of building high-performing teams and driving financial performance will be invaluable to Pine Labs as we continue to innovate and introduce cutting-edge fintech products in the market.'Pine Labs, backed by Peak XV Partners, Mastercard, PayPal and Actis, filed its DRHP on June 27, seeking to raise Rs 2,600 crore through a fresh issue of shares and an offer-for-sale (OFS) of up to 147.8 million shares. Also Read: Decoding Pine Labs' DRHP: Fintech aims to raise Rs 2,600 crore via an IPO The company is targeting a valuation of $4.5–5 billion through the public issue. It operates in India as well as in international markets including Malaysia, UAE, Singapore, Australia, the US, and of the IPO, the company has also been strengthening its top deck. Shalini Saxena is set to return as its general counsel. She had previously served in the same role at Pine Labs between 2019 and 2022, before moving to crypto exchange CoinDCX. Bar and Bench first reported Saxena's return. Pine Labs' core leadership includes Rau as CEO, Kush Mehra as chief business officer, Sumit Chopra as chief operating officer, and Navin Chandani as chief business officer for its issuing business. 'I am thrilled to be joining a technology-first organisation like Pine Labs at such a pivotal moment in their journey. Looking forward to working with Amrish and the rest of the leadership team to build on the momentum and strengthen the financial foundation of the company,' Kamath said in a statement. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. As RBI retains GDP forecast, 4 factors that will test the strength of Indian economy India's last cement IPO did not work. Can JSW Cement break that curse? Is Shadowfax closing in on its closest rival? Can Coforge's ambition to lead the IT Industry become a reality? Berlin to Bharuch: The Borosil journey after the China hit in Europe Stock Radar: Syngene International showing signs of momentum after falling 26% from highs; what should investors do? Two Trades for Today: A life insurance major for a 4.85% upmove, a mid-cap diesel engine maker for almost 7% rise Multibagger or IBC - Part 18: This auto ancillary started with wheels. It now also powers wind & war Auto stocks: Yes, headwinds in the short term, but will structural change become tailwinds and prove analysts wrong?
