#IPO

PhonePe, India’s leading digital payments platform and a subsidiary of Walmart Inc., is preparing to file its draft red herring prospectus (DRHP) with Indian regulators by early August. The company aims to raise up to $1.5 billion through an initial public offering (IPO), which could value the fintech major at approximately $15 billion, according to […]

Ecommerce platform, Meesho, is getting ready to submit a confidential IPO application in Mumbai in the coming weeks. Moving its headquarters from Delaware USA to India can be considered a necessary step in the process. The estimated IPO issue size for Meesho is $700 to $800 million. Despite difficult market conditions, the Softbank backed startup […]

National Securities Depository Ltd (NSDL), the first electronic securities depository in India, is proceeding with its IPO to raise Rs 3421.6 crores. As per the DRHP, 50.1 million shares will be included in the offer. The IPO is set as an offer for sale by the current shareholders that include State Bank of India, National […]

Key Highlights On 28th May, Scoda Tubes, manufacturer of stainless-steel seamless and welded tubes and pipes, opened a ₹ 220 crores Initial Public Offering (IPO). The issue closes today, May 30, 2025. The IPO is oversubscribed close to 7 times. The retail investors have applied for over 384 lakh shares against the 55 lakh shares […]

GDP growth declines in June. Corporate taxes swing wildly. Credit makes a quiet shift, while small IPOs balloon.

Since April 2020, India has seen close to 500 Small & Medium Enterprise (SME) IPOs that have raised about ₹12.5k crores. This sounds like a win for the SMEs.

The IPO allotment process is often seen as mysterious. True, the aspects are similar to a lottery, but the allotment approach can vary depending on the type of investor you are.  Let us then jump right into decoding IPO allotments.  The allotment depends primarily on the category you apply in. There are usually 3 investor […]