IPO

Senior Finance and Supply Chain Appointments Announced E-commerce major Flipkart Group announced two senior leadership appointments as part of its ongoing efforts to strengthen its executive team ahead of its initial public offering.Jason Chappel has been named Vice President, Flipkart Group Controller, while Amer Hussain has been appointed Vice President, Supply Chain for the company’s Grocery and Minutes quick commerce businesses. Both appointments are effective immediately.Jason Chappel to Lead Group Financial Governance Chappel will be part of Flipkart’s finance leadership and will oversee accounting, financial reporting, and internal controls across all Flipkart operations. He will be based in Bengaluru.He joins Flipkart from...

IPO-bound PhonePe is set to see significant stake reshuffling as part of its upcoming public issue, with Walmart planning a partial sell-down and early backers Microsoft and Tiger Global exiting fully.Offer for Sale Structure Detailed The Bengaluru-based digital payments company plans to offer 5.07 crore equity shares, entirely through an offer for sale by existing shareholders. No fresh capital will be raised through the IPO, as outlined in the updated draft prospectus.The share sale could raise up to USD 1.5 billion, valuing PhonePe at around USD 15 billion. The issue is positioned to be the largest public offering since Tata Capital’s USD 1.7 billion IPO in October.Walmart to Remain Majority Shareholder Walmart, which currently...

IPO-bound SAEL Industries has commissioned a 1 gigawatt peak capacity solar power plant at the Khavda renewable energy park in Gujarat, strengthening its footprint in India’s utility-scale clean energy segment.Long-Term Power Supply Agreement in Place The project operates under a 25-year power purchase agreement with Gujarat Urja Vikas Nigam Ltd. The electricity generated from the plant will support Gujarat’s nonstop power supply objective, according to the company.Large-Scale Deployment Across 3,600 Acres The solar project spans approximately 3,600 acres and is equipped with over 15 lakh TOPCon series bifacial solar modules. More than 60 percent of these modules were assembled internally at SAEL Industries’ manufacturing facilities...

The Initial Public Offering of Digilogic Systems Limited has concluded, and investors are now awaiting the allotment of shares. With the bidding process closed, applicants can check their IPO allotment status through the official registrar and stock exchange platforms.Below is a step by step guide to check the Digilogic Systems IPO allotment status, along with the final bid and subscription data.How to Check Digilogic Systems IPO Allotment Status 1. Check Allotment Status on Registrar Website Open the official registrar website: https://ipostatus.kfintech.com/Select Digilogic Systems Limited from the IPO list.Choose any one of the following search options:PAN Application Number DP ID or Client IDEnter the required details...

Mumbai, January 23, 2026 – The initial public offering of Shadowfax Technologies Limited has closed with an overall subscription of 2.72 times, led by a sharp surge in qualified institutional buyer (QIB) participation on the final day, alongside healthy interest from retail investors. As per the cumulative demand schedule updated at 7:00 PM on January 22, 2026, the IPO received bids for 24.24 crore shares against 8.91 crore shares on offer. Step-by-Step Guide to Check Shadowfax Technologies IPO Allotment Status Investors can check the allotment status of Shadowfax Technologies Limited IPO through the registrar and stock exchange websites once the basis of allotment is finalised. 1. Check Allotment Status on Registrar Website (KFin...

Overall Subscription at 0.43 Times as Issue Nears Close The Initial Public Offering of Digilogic Systems Limited has entered its final day of subscription today, January 22, with overall demand remaining subdued so far. The SME issue, which is being offered on the BSE SME platform, has attracted bids for 25.69 lakh shares against 59.79 lakh shares on offer, translating into an overall subscription of 0.43 times.A total of 628 applications have been received across investor categories.Category Wise Subscription Status The Qualified Institutional Buyers (QIBs) segment has received bids for 9.61 lakh shares against 16.83 lakh shares reserved, resulting in a subscription of 0.57 times. The demand in this category has come from a single...

Mumbai, January 22, 2026 – The initial public offering of Shadowfax Technologies Limited has entered its final day of bidding, with subscription data showing strong participation from retail investors, while demand from institutional categories remains measured so far.As per the cumulative demand schedule updated till 5:00 PM on January 21, 2026, the IPO has been subscribed 0.60 times overall. Cumulative Subscription Status Shadowfax Technologies Limited IPO Data as of: January 21, 2026 | 05:00 PMCategoryShares ReservedShares Bid ForSubscription (x)Qualified Institutional Buyers (QIBs)4,83,62,7711,82,74,5600.38Non-Institutional Investors (NIIs)2,41,81,38579,29,3600.33Retail Individual Investors...

Anchor Investors Commit Nearly ₹12 Crore Ahead of Issue Opening Hannah Joseph Hospital, a multi-speciality tertiary care hospital, has secured close to ₹12 crore from anchor investors ahead of its initial public offering, which opens for subscription today.The Madurai-based healthcare company allotted 17.06 lakh equity shares to seven anchor investors. The allocation included participation from Venturex Fund I, Saint Capital Fund, Aarth AIF Growth Fund, and Negen Undiscovered Value Fund, as disclosed in a filing uploaded on the BSE website.The shares were allotted at ₹70 per equity share, taking the total anchor investment to ₹11.94 crore.IPO Structure and Timeline The ₹42 crore IPO opens today, January 22, and will remain open...

Gurugram, January 21, 2026 – Paluck Technologies Limited, a diversified engineering services and infrastructure support company, has filed its draft papers for an initial public offering comprising a fresh issue of up to 55.10 lakh equity shares. The proposed public issue is aimed at supporting the company’s growth plans across its core business verticals, including construction equipment rental, logistics and fleet management, and telecom engineering services. Issue Structure and Utilisation Plan The proposed IPO is a 100 percent fresh issue, with no offer for sale component. The face value of each equity share is ₹10. The company plans to deploy the net proceeds primarily towards capital expenditure, including the purchase of new...

Shares of Narmadesh Brass Industries made a muted debut on the BSE SME platform, listing at ₹495 per share, below the IPO issue price of ₹515.The listing price marked a decline of nearly 4 percent compared with the issue price, reflecting cautious investor sentiment on debut after the SME issue concluded with a modest subscription.Weak Start on Listing Day After opening at ₹495, the stock faced selling pressure during the session and moved lower to hit its lower price band of ₹470.25. The day’s trading range remained between ₹495 on the higher side and ₹470.25 on the lower side.At the time of observation, the stock was trading at ₹470.25, down 5 percent from the previous close and about 8.7 percent below the IPO issue price...

Ahmedabad, January 21, 2026 (Wednesday): GRE Renew Enertech Limited (BSE SME: GRERENEW) made a muted debut on the BSE SME platform on Wednesday, with its shares listing at ₹96 apiece, marking a discount of 8.57 percent to the IPO issue price of ₹105 per share. The subdued listing came despite strong subscription numbers during the IPO bidding period, reflecting cautious sentiment in the SME secondary market at the time of debut. Listing Day Performance The stock opened at ₹96, matching its listing price. During early trade, shares moved within a narrow range, touching an intra-day high of ₹99 and slipping to a low of ₹93. As of 10:02 AM IST, the stock was trading at ₹93, down ₹12 or 11.43 percent from the issue price and ₹3 or 3.13...

Mumbai, January 21, 2026 – Indo SMC Limited (BSE SME: INDOSMC) made its stock market debut on Wednesday, listing at ₹149 per share, exactly in line with its IPO issue price, on the BSE SME platform. Despite a flat listing, the stock came under selling pressure soon after listing and was trading 3.15 percent lower at ₹144.30 by mid-morning trade, reflecting profit booking after the exceptionally strong subscription response during the IPO phase. Listing SnapshotParticularsDetailsIPO Issue Price₹149 per shareListing Price₹149 per shareOpening Price₹149Day’s High₹149Day’s Low₹141.55Previous Close₹149Current Price (10:02 AM IST)₹144.30ChangeDown ₹4.70 (3.15%)The stock touched the lower circuit level of ₹141.55...

New Delhi, January 21, 2026 IST: KRM Ayurveda Limited has opened its initial public offering for public subscription today, even as the company completed its anchor investor allocation a day earlier, raising funds at the upper end of the price band. The SME IPO is open from January 21 to January 23, 2026, with the company set to list on January 29, 2026. The issue is priced in the range of ₹128 to ₹135 per share, with a total issue size of approximately ₹77.49 crore, entirely comprising a fresh issue. Anchor Allocation Sets the Tone Ahead of the public issue opening, KRM Ayurveda finalized the allotment of 15,42,000 equity shares to anchor investors at a price of ₹135 per share, aggregating to about ₹20.82 crore. The anchor allocation...

EAAA India Alternatives, an arm of Edelweiss Financial Services, has filed draft papers to raise Rs 1,500 crore through an initial public offering.Entire Issue Structured as Offer for Sale According to the draft red herring prospectus, the proposed IPO will be entirely an offer for sale by the Edelweiss Group. As a result, EAAA India Alternatives will not receive any proceeds from the issue, with the full amount going to the selling shareholder.Company Profile and Assets Under Management Incorporated in 2008, EAAA India Alternatives is positioned as one of India’s leading alternative investment platforms, with more than 15 years of experience in managing long-term capital. As of September 30, 2025, the company reported assets under...

Company Working Internally on Listing Plan Jio Platforms is awaiting the final government notification on recommendations made by Securities and Exchange Board of India before firming up its public listing plan, according to a senior company official.The company is already working internally on preparations for its initial public offering, but key decisions will be taken only after clarity emerges on the final framework.Relaxation Proposed for Large-Cap IPOs The market regulator had earlier decided to ease IPO norms for very large companies and proposed extending the timeline for meeting minimum public shareholding requirements by up to ten years.Under the recommendations, companies with a market capitalisation above ₹1 lakh crore...

Offer to Be Structured as Pure Offer for Sale India’s largest fintech company PhonePe has received approval from Securities and Exchange Board of India for its initial public offering and is now preparing to file updated draft papers for the proposed listing.The public issue will be structured entirely as an Offer For Sale by existing shareholders. The company will not raise any fresh primary capital through the IPO.Global Investment Banks Mandated for the Issue PhonePe has already appointed a consortium of global and domestic investment banks to manage the issue. The appointed bankers include Kotak Mahindra Capital, JPMorgan Chase, Citigroup and Morgan Stanley.Strong Funding History and Valuation The fintech major, backed by the...

Kolkata, January 20: NBFC-MFI Arohan Financial Services is preparing to enter the capital markets in the middle of the next financial year with a proposed initial public offering of Rs 1,500 crore, according to Managing Director Manoj Kumar Nambiar.The company has appointed merchant bankers and expects to file its draft offer document within the next two months. The IPO is planned for the second quarter of the next financial year.Fresh Issue and Offer for Sale Details Out of the total Rs 1,500 crore issue size, Rs 750 crore will be raised through a fresh issue of equity shares. The remaining Rs 750 crore will come through an offer for sale by existing investors, including Tano Capital and the Michael and Susan Dell Foundation.The...

Public Issue Opens January 20, Closes January 22 The Initial Public Offering of Digilogic Systems Limited opens for public subscription today, January 20, with the issue scheduled to close on January 22. The company is set to list its equity shares on the BSE SME platform. Digilogic Systems operates in the automated test equipment systems and application software space, catering to defence and aerospace applications. Issue Size, Price Band, and Lot Details The IPO comprises a fresh issue of equity shares worth up to ₹69.67 crore and an offer for sale of up to 11.50 lakh equity shares, aggregating ₹11.33 crore. The total issue size stands at ₹81 crore. The price band has been fixed at ₹98 to ₹104 per equity share, with investors required...

Madurai, January 20, 2026 – Hannah Joseph Hospital Limited, a Madurai-based multi-specialty healthcare provider, has filed its draft offer documents for an initial public offering, proposing a fresh issue of equity shares to fund a major capacity expansion and support general corporate needs. IPO Structure and Fund Utilisation The proposed public issue consists entirely of a fresh issuance of up to 60 lakh equity shares with a face value of ₹10 each. The company has not included any offer-for-sale component, indicating that all proceeds from the issue will flow directly into the business. A significant portion of the net proceeds is earmarked for capital expenditure related to the establishment of a Radiation Oncology Centre at its...

Mumbai, January 20, 2026: Advanta Enterprises Limited, a global agricultural solutions company backed by UPL Limited, has filed draft papers for its initial public offering comprising an offer for sale of up to 36.11 million equity shares with a face value of ₹1 each. The issue is structured as a 100% book-built offer, with no fresh issue component. IPO Structure and Share Sale Details The proposed public issue consists entirely of an offer for sale by existing shareholders, led by promoter UPL Limited, alongside select institutional investors. The company will not receive any proceeds from the offer, with sale proceeds accruing to the selling shareholders after deducting applicable expenses and taxes. Offer for Sale Breakdown...