Tag: IPO

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SEBI gives a go-ahead to 7 companies for IPO Launch

Capital markets regulator SEBI has cleared the draft IPO papers of seven companies, moving them closer to listing on the stock exchanges.

The firms include Turtlemint Fintech Solutions, Yashoda Healthcare Services, Fusion CX, SFC Environmental Technologies, RSB Retail India, Orient Cables India and Lohia Corp. SEBI issued its observations on their draft prospectuses between December 8 and 12.

Receipt of these observations allows companies to file final offer documents and launch their public issues within the prescribed timeline. Details such as issue size, pricing and exact IPO launch dates will be announced separately by the companies.

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Neochem Bio shares spike 10% on market debut

Neochem Bio Solutions made a strong start on the stock market on Tuesday. Its shares opened at ₹108 each, marking a 10.2% premium over the IPO price of ₹98. The stock later rose to ₹111.20, giving early investors quick gains.

The company raised ₹44.97 crore through its IPO, issuing 45.88 lakh new shares. Funds from the IPO will be used for working capital, repaying borrowings, and general corporate purposes.

The IPO was highly subscribed, with overall demand 15.5 times the issue size. Qualified institutional buyers applied for 21.97 times, non-institutional investors for 21.15 times, and retail investors for 9.42 times of the shares offered.

Neochem Bio Solutions produces specialty performance chemicals for industries like textiles, home and personal care, water treatment, paints, construction, and more, with a portfolio of over 350 chemical formulations.

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Ravelcare shares jump 55% on debut

Ravelcare made a strong market debut on December 8, 2025, listing at ₹201 per share on the BSE SME platform, up nearly 55% from its IPO price of ₹130.

The IPO, aimed at raising ₹24.1 crore through 18.54 lakh fresh shares, saw overwhelming demand, being subscribed around 406 times. The funds will support marketing, advertising, and a new manufacturing facility in Amravati, along with general corporate purposes.

Early grey‑market trading had indicated a strong premium, and the listing confirmed investors’ enthusiasm for the company’s beauty and personal‑care business.

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Zepto becomes public company, plans IPO by June 2026

Bengaluru-based quick-commerce startup Zepto has officially converted from a private to a public limited company, taking a major step toward launching its initial public offering (IPO). Shareholders approved the move during an extraordinary meeting on November 21. Following the approval, the company’s legal name has changed from “Zepto Private Limited” to “Zepto Limited.”

The company also updated its legal documents, including its Memorandum and Articles of Association, to comply with public company regulations. These changes allow Zepto to file its draft IPO papers with market regulators, likely in the near future.

Founded in July 2021, Zepto has grown rapidly and is now valued at around USD 7 billion. It has raised about USD 1.8 billion (approximately ₹16,000 crore) from investors so far. Despite being a relatively young startup, Zepto operates over 900 “dark stores” across India and has managed gross sales worth about USD 3 billion (around ₹26,000 crore).

However, the company has faced high operating costs and has spent between ₹1,000–1,100 crore in cash. Company insiders say that while cash burn has been significant, it is now decreasing as operations become more efficient. Order volumes are reportedly increasing by 20–25% each quarter, and the company aims for over 100% growth year-on-year.

With the conversion to a public company, Zepto is now set to take the next big step in its growth journey. The startup plans to submit its draft IPO documents to regulators this month, with an aim to go public and list its shares on the stock market by June 2026.

The move signals Zepto’s intention to tap public markets to raise funds for expansion, strengthen operations, and solidify its position in the rapidly growing quick-commerce sector. Analysts see this as a significant development, as Zepto is among the first unicorns in India’s fast-paced quick-delivery segment to take steps toward becoming a listed company.

By going public, Zepto hopes to attract more investors, scale operations, and compete effectively with other players in the sector, while giving early investors and founders a path to unlock the value of their stakes.

Also Read: HUL’s record date for demerger Dec 5, shares drop 7%

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Meesho IPO fully subscribed on Day 1, GMP ₹49

Meesho, the social commerce platform, saw its initial public offering (IPO) fully subscribed on the first day of trading on 3 December 2025. The IPO drew strong interest, especially from retail investors, who accounted for the largest share of demand.

The IPO was priced between ₹105 and ₹111 per share, with each lot comprising 135 shares. By the end of Day 1, the retail portion was subscribed 3.1 times, while non-institutional investors (NIIs) applied for 1.23 times their allocation. Qualified institutional buyers (QIBs) showed limited interest, subscribing only 0.16 times.

In the grey market, Meesho shares traded at a premium of ₹49, indicating a potential listing price of around ₹160 per share. This points to a possible 44% gain for early investors if the stock opens at the grey market price.

Meesho has established itself as a low-cost, high-volume e-commerce platform targeting value-conscious customers, particularly in smaller cities and towns. The company has achieved cash-flow positivity in FY25, although it is not yet profitable overall. Analysts say Meesho’s large user base and high transaction volume give it strong growth potential, but consistent profitability will be key for long-term success.

Brokerages and market experts generally recommend subscribing for the IPO, citing Meesho’s scale and market position. At the same time, they advise caution, as the company’s ability to convert growth into profits remains uncertain.

Meesho’s IPO has generated strong investor interest, driven mainly by retail demand and buoyed by a high grey market premium. The debut highlights the popularity of e-commerce platforms in India and reflects investor confidence in companies with rapid growth and a wide market reach.

Also Read: AI leader Anthropic prepares for possible IPO in 2026

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Corporate

Exato Technologies IPO sees record 700× subscription

The IPO of Exato Technologies has turned into one of the most talked-about SME issues of the year, thanks to unusually high investor interest and a sharp jump in its grey-market premium (GMP). The bidding for the IPO closed on Monday with extraordinary subscription numbers, showing strong appetite from retail and small investors.

By the final day, the IPO was subscribed over 700 times, making it one of the most oversubscribed SME offerings in recent months. Most of the buying came from retail and non-institutional investors, while institutional participation remained comparatively lower. Such a high subscription level suggests strong confidence in the company’s business and future prospects.

Along with this demand, the grey-market premium also climbed steadily. As of the closing day, unofficial market reports showed a GMP of around ₹150 above the upper IPO price, indicating a possible 100%+ listing gain. This means that if the trend holds, the stock may list at nearly double the issue price.

Exato Technologies had set its price band at ₹133–₹140 per share, with the minimum application size being 2,000 shares, making the smallest investment roughly ₹2.8 lakh. The IPO size is ₹37.45 crore, including a fresh issue as well as an offer for sale by existing shareholders.

The company has announced that the allotment of shares will likely be finalised on December 3, with refunds and demat credits expected on December 4. The shares are scheduled to list on the BSE SME platform on December 5, 2025.

Founded in 2016, Exato Technologies offers technology and customer-experience solutions to businesses across banking, healthcare, retail, telecom, BPO and other sectors. It sells a mix of digital products and services, including analytics tools, communication solutions, and automation platforms. Some of its well-known clients include MakeMyTrip, RBL Bank, and WNS.

The company plans to use a part of the IPO money to strengthen working capital, invest in product upgrades, and reduce certain borrowings.

Given the extremely high subscription and strong GMP, market watchers expect the stock to list with sizable gains. Investors who applied for the IPO will be eagerly waiting for the allotment outcome.

Also Read: Vidya Wires opens ₹300 cr IPO on December 3

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Ravelcare SME IPO ₹24 crore, shares ₹123–₹130

Ravelcare, a personal-care and beauty brand, will open its SME IPO on December 1, closing on December 3, 2025. The company aims to raise around ₹24.10 crore by issuing 18.54 lakh shares at a price band of ₹123–₹130 per share.

About ₹11.5 crore will go into advertising and marketing, while ₹7.8 crore will fund a new manufacturing facility in Amravati. The rest will support general business needs.

Founded in 2018, Ravelcare sells haircare, skincare, and body-care products online. For FY25, revenue was ₹24.98 crore with ₹5.25 crore profit. The IPO proceeds will fund growth, not payouts to existing shareholders.

Also Read: India approves ₹7,280 cr plan to make rare-earth magnets

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SEBI Widens IPO Anchor Investor Quota To 40%

The Securities and Exchange Board of India (SEBI) has amended rules regarding the share-allocation framework for anchor investors in maiden public offerings. This strategy is aimed at broadening the participation of domestic institutional investors such as mutual funds, insurance companies and pension funds.

Under this, Sebi has increased total reservation in the anchor portion to 40 per cent from 33 per cent earlier. This comprises 33 per cent for mutual funds and the remaining 7 per cent for insurers and pension funds.

If the 7 per cent reserved for insurers and pension funds remains unsubscribed, it will be reallocated to mutual funds, the markets regulator said in a notification dated October 31.

SEBI has also the number of anchor investors allowed for IPOs with an anchor portion above Rs 250 crore, by raising the existing limit from 10 to 15 per Rs 250 crore.

This means, a minimum of 5 and a maximum of 15 investors shall be allowed for allocations up to Rs 250 crore. For every additional Rs 250 crore or part thereof, an additional 15 investors are to be permitted, subject to a minimum allotment of Rs 5 crore per investor, according SEBI.

Also, in the discretionary allotment under anchor portion, Category I (up to Rs 10 crore) and Category II (above Rs 10 crore up to Rs 250 crore) have been merged into a single category for allocations up to Rs 250 crore, with a minimum number of anchor allottees as 5 and maximum as 15 (minimum allotment 5 crore per investor).

The framework would broaden the participation of long-term institutional investors in the IPOs. To give these effect, the regulator has amended Issue of Capital and Disclosure Requirements norms, which would come into force from November 30.

Also Read: Orkla India IPO lists at ₹750, 3% Up

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Orkla India IPO lists at ₹750, 3% Up

Orkla India’s initial public offering (IPO), which opened for subscription from 29–31 October 2025, attracted strong investor interest but saw a muted debut on the stock exchanges. The IPO, priced in the ₹695–₹730 band, was entirely an Offer for Sale (OFS) of 2.28 crore shares, raising approximately ₹1,667.54 crore.

Allotment was completed on 3 November, and trading began on 6 November 2025 on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Shares opened at ₹750.10 on the NSE, about 2.75% above the upper price band, and ₹751.50 on the BSE, roughly 2.95% higher. However, early gains evaporated quickly as the stock slipped during intraday trading, touching a low of ₹693.35 on the BSE, down 5–7% from the listing price.

Before listing, grey market premiums had suggested a 9% expected gain, higher than the eventual performance. Analysts say the strong subscription, around 48.73 times overall, signals investor interest, but the modest listing gain reflects a cautious market mood.

For existing shareholders, experts recommend holding for the medium to long term, citing Orkla India’s strong brand portfolio and growth prospects. New investors are advised to monitor post-listing trends, as any short-term correction could provide a better entry point.

Risks for the company include a concentration of sales in South India (70% of Q1 FY26 sales) and ongoing legal proceedings (124 cases) that could affect operations or finances. On the positive side, Orkla India benefits from established regional brands, a wide distribution networkof 834 distributors and 1,888 sub-distributors across 28 states and six union territories and exposure to India’s growing packaged-food market, valued at ₹10,180 billion in FY24 and projected to reach ₹17,120 billion by FY29.

Orkla India’s IPO highlights investor interest in branded convenience foods. Yet, the modest premium and early price dip underline the need to align expectations with market realities. While the long-term growth story remains intact, investors are advised to exercise caution amid short-term volatility and regional concentration risks.

Also Read: M&M exits RBL Bank with 62.5% gain