Latest news with #Visakhapatnam-based
Economic Times
a day ago
- Business
- Economic Times
Rising Trend: IPOs from Tier II and III cities in India gain momentum
Indian smaller cities are increasingly participating in the IPO market. Data shows a significant rise in the number of companies from these regions going public. They raised substantial funds through IPOs in recent years. This trend is expected to continue, with more companies planning to tap the capital markets. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads ET Intelligence Group: Initial public offerings (IPOs) are no longer the domain of companies in India's major cities with a rising trend of firms from Tier II and III cities venturing into the primary market in recent years, showed data compiled by 2021, 14 companies from the smaller cities raised ₹5,465 crore through public issues, comprising 4.2% of total IPO funds raised that year. In 2024, the IPO tally climbed to 37 and the amount raised shot up nearly eightfold to ₹43,316 crore or 27% of the value of total IPOs. This calendar year so far, 22 firms from smaller cities have raised ₹8,120 crore or nearly 15% of total funding through of these cities include Ratlam, Kanpur, Vapi, Sangli, and some of these companies are regional heavyweights in their sectors, others have expanded to overseas markets. For instance, Visakhapatnam-based Manoj Vaibhav Gems N Jewellers caters to Andhra Pradesh and Telangana, while Shreenath Paper from Aurangabad supplies to clients in Maharashtra, Gujarat, and Madhya Pradesh. On the other hand, Agra-based HMA Agro Industries exports food products to several countries, while Umbergaon, Gujarat-based Doms Industries supplies its stationary products in domestic market as well as overseas.A stock market listing not only brings in a new set of investors but also paves the way for greater transparency by exposing these firms to industry best Shah, managing director and investment banking head at Equirus Capital, said India is witnessing true democratisation of entrepreneurship and value creation. "We are seeing some fantastic companies from the non-metropolitan cities which have scaled up nicely with their differentiated business models," he said, adding that tapping into capital markets also helps such companies attract strong management talent, which otherwise is restricted to the trend of companies in small cities tapping the IPO route to raise growth capital is likely to continue. According to 19 companies are planning to raise nearly Rs 7,100 crore in the second half of 2025. This includes Rayzon Solar from Surat, Kumar Arch Tech from Udaipur, Paramesu Biotech from Devarapalli, Excelsoft Technologies from Mysuru, and Bharat Coking Coal from however, caution investors to tread carefully, as these IPOs could emerge as comparatively riskier bets. "The degree of scrutiny by analysts and the media is far lower for companies based in smaller cities compared to those in metros, where most analysts and media houses are concentrated," Shankar Sharma, veteran investor and founder of GQuant Investech, told ET."The valuation game can be highly seductive for promoters of these companies."
Time of India
a day ago
- Business
- Time of India
Rising Trend: IPOs from Tier II and III cities in India gain momentum
ET Intelligence Group: Initial public offerings (IPOs) are no longer the domain of companies in India's major cities with a rising trend of firms from Tier II and III cities venturing into the primary market in recent years, showed data compiled by ETIG. In 2021, 14 companies from the smaller cities raised ₹5,465 crore through public issues, comprising 4.2% of total IPO funds raised that year. In 2024, the IPO tally climbed to 37 and the amount raised shot up nearly eightfold to ₹43,316 crore or 27% of the value of total IPOs. This calendar year so far, 22 firms from smaller cities have raised ₹8,120 crore or nearly 15% of total funding through IPOs. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Design Thinking Public Policy Data Science Finance Technology Data Analytics Healthcare Artificial Intelligence Data Science Leadership Others CXO Cybersecurity Project Management PGDM Operations Management MBA healthcare Product Management others Management Degree MCA Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Some of these cities include Ratlam, Kanpur, Vapi, Sangli, and Tirunelveli. While some of these companies are regional heavyweights in their sectors, others have expanded to overseas markets. For instance, Visakhapatnam-based Manoj Vaibhav Gems N Jewellers caters to Andhra Pradesh and Telangana, while Shreenath Paper from Aurangabad supplies to clients in Maharashtra, Gujarat, and Madhya Pradesh. On the other hand, Agra-based HMA Agro Industries exports food products to several countries, while Umbergaon, Gujarat-based Doms Industries supplies its stationary products in domestic market as well as overseas. A stock market listing not only brings in a new set of investors but also paves the way for greater transparency by exposing these firms to industry best practices. Agencies Riskier Bets Bhavesh Shah, managing director and investment banking head at Equirus Capital, said India is witnessing true democratisation of entrepreneurship and value creation. "We are seeing some fantastic companies from the non-metropolitan cities which have scaled up nicely with their differentiated business models," he said, adding that tapping into capital markets also helps such companies attract strong management talent, which otherwise is restricted to the metros. The trend of companies in small cities tapping the IPO route to raise growth capital is likely to continue. According to 19 companies are planning to raise nearly Rs 7,100 crore in the second half of 2025. This includes Rayzon Solar from Surat, Kumar Arch Tech from Udaipur, Paramesu Biotech from Devarapalli, Excelsoft Technologies from Mysuru, and Bharat Coking Coal from Dhanbad. Experts, however, caution investors to tread carefully, as these IPOs could emerge as comparatively riskier bets. "The degree of scrutiny by analysts and the media is far lower for companies based in smaller cities compared to those in metros, where most analysts and media houses are concentrated," Shankar Sharma, veteran investor and founder of GQuant Investech, told ET. "The valuation game can be highly seductive for promoters of these companies."
Hans India
2 days ago
- Sport
- Hans India
SAAP chairman lauds skater Sai Samithi
Vijayawada: Sports Authority of Andhra Pradesh (SAAP) chairman Animini Ravi Naidu extended his congratulations to Visakhapatnam-based skater Sai Samithi for her outstanding performance at the 20th Asian Roller Skating Championship. Representing India, Samithi secured gold and silver medal in the Artistic Senior category at the championship, held in Korea from July 19 to 30. Naidu lauded the athlete for her exceptional talent, which has brought pride to both the state and the nation. He encouraged her to achieve even greater success in the future, urging her to continue being an inspiration for other athletes.
India.com
4 days ago
- Sport
- India.com
IPL 2026: Nitish Kumar Reddy Breaks Silence On His Future With Sunrisers Hyderabad Amid Trade Rumours
India all-rounder Nitish Kumar Reddy has broken silence on his future with Sunrisers Hyderabad (SRH) in the Indian Premier League (IPL) amid the trade rumours. According to a report from India Today, Nitish had expressed his desire to leave SRH over his role in the team, especially after being pushed down the batting order. However, the 22-year-old all-rounder on Sunday took to social media to issue clarification, saying that he will always stand by his current IPL team. "I tend to stay away from the noise, but some things deserve clarity. My connection with SRH is built on trust, respect, and years of shared passion. I'll always stand by this team," wrote Reddy on his 'X' account. Ahead of IPL 2025 mega auction, Visakhapatnam-based Reddy was retained by SRH at Rs six crore. It came after Reddy amassed 303 runs in 13 matches and also took three wickets in IPL 2024, which paved his way for selection into India T20I and Test teams. But Reddy failed to repeat his heroics in IPL 2025 - scoring only 182 runs in 13 games and didn't bowl a lot of overs due to his recovery from a side strain which kept him out of action after the first T20I against England earlier this year.
Hans India
14-07-2025
- Politics
- Hans India
Vizag youth to represent YDN in Tokyo
Visakhapatnam: Visakhapatnam-based director of Nature organisation Vikas Saravakota, has been selected to represent India at the prestigious Asia-Pacific regional meeting of the Youth Democracy Network (YDN) to be held in Tokyo, Japan from July 30 to August 1. Vikas, who is working towards promoting social justice, youth empowerment, and inclusive governance in tribal regions of Andhra Pradesh, will join emerging democracy leaders from across Asia and the Pacific to strengthen youth-led efforts to defend democratic values and civic participation. Coming from a rural background and rooted in community service, Vikas has led several impactful initiatives in tribal areas, including the facilitation of welfare schemes, promotion of PESA governance, legal awareness drives, and youth capacity-building programmes. Speaking on the occasion, Vikas said, 'I look forward to learning from fellow youth leaders and bringing those insights back to strengthen our grassroots work.' The Youth Democracy Network (YDN) is a global platform convened by the Partnership for Strengthening Civic Democracies, a multilateral initiative that brings together democratic governments, civil society actors, and young changemakers. YDN empowers youth to take the lead in promoting transparency, countering disinformation, protecting civic spaces and building resilient democratic systems across the world.
