Open & Upcoming IPOs

Kenrik Industries' IPO opened on April 29 and closes on May 2, with a price band of ₹25 per share. The minimum bid is 6,000 shares. The company, established in 2017, specializes in traditional Indian jewellery. The IPO consists of 34.98 lakh fresh shares to raise ₹8.75 crore for working capital and corporate expenses. Subscription status on day 1 was 21%, with retail portion at 39%.

The Arunaya Organics IPO is open from April 29 to May 2, with a price band of ₹55-₹58 per share. The company, established in 2010, manufactures specialty dyes and intermediates. The IPO includes a fresh issue of ₹30.51 crore and an OFS of 3.48 crore shares. Proceeds will fund a new facility, working capital, and corporate goals. On Day 1, subscription stood at 34%, with retail portion at 82%.

A 37-year-old Hyderabad man lost ₹2.8 crore in a fake IPO scam. He was lured via a Facebook ad, added to a WhatsApp group, and tricked into using the ASKMIN app. Scammers, including one posing as Priya, sent fake profits, then demanded a 15% processing fee. The victim filed a complaint, leading to a case under cheating and forgery laws.

Duroflex, a leading mattress maker, plans to go public within 18 months, targeting double-digit revenue growth. The company, which competes in a $2 billion market, aims to expand its non-mattress product lines and open 20-25 stores. In FY24, Duroflex reported Rs 1,001 crore in sales and Rs 44 crore in core earnings, with profits rising over 50%.

Ather Energy's ₹2,981 crore IPO, with a price band of ₹304-321, has seen 20% subscription as of April 29. Retail investors have taken 80% of their portion, while employees' shares were oversubscribed 2x. Funds will support a Maharashtra factory and debt reduction. Gaurav Garg advises aggressive investors to consider it cautiously, while conservatives should avoid due to profitability concerns.

Ather Energy, an IPO-bound EV maker, will avoid discount-driven sales, focusing on pricing discipline and expanding production to 500,000 units annually with a new Maharashtra facility. They aim to enhance supply chains by increasing domestic lithium-ion cell production and shifting more manufacturing to India. Ather is optimistic about scooter electrification, targeting non-southern markets.

Srigee DLM, a plastic injection moulding firm, is launching its IPO on May 5 to raise Rs 16.98 crore via 17.14 lakh shares priced at Rs 94-99. Funds will set up a Greater Noida facility and buy machinery. IPO closes on May 7, allotment by May 8, and trading starts on BSE SME on May 12. GYR Capital is the lead manager.

Ather Energy's IPO, the first major startup IPO in FY2026, faces risks including supply chain disruptions, intense competition from legacy players like Bajaj and TVS, a long path to profitability due to high costs, uncertain policy frameworks, and reliance on China and South Korea for battery supplies, with sales trailing competitors like Ola Electric.

Urban Company has filed a DRHP for a Rs 1,900 crore IPO, comprising a Rs 429 crore fresh issue and a Rs 1,471 crore OFS by existing investors. The fresh funds will be used for technology, infrastructure, and marketing. Founders are retaining their stakes, while investors like Accel and Tiger Global are partially exiting.

IPO of Ather Energy Limited opened for bidders on 28 April 2025. According to market observers, Ather Energy IPO GMP today is unchanged at ₹3 per share. After the end of bidding on day one, he book build issued had been subscribed 0.16 times, the retail portion had been booked 0.63 times, the NII portion had been filled 0.16 times, and the employee's reserved quota had been filled 1.78 times.

Corporate training company Wagons Learning will open its initial public offering (IPO) on May 2 with a price band of Rs 78-82 per share. The SME public issue will close on May 6. The 46.8 lakh-share IPO, worth Rs 38.38 crore at the upper price band, consists of fresh issuance of 30.8 lakh shares worth Rs 25.26 crore, and an offer-for-sale of Rs 13.12 crore by promoters.

Nine Indian firms, including Tata Play, Oyo, and Swiggy, have opted for pre-filing their IPO offer documents with SEBI, a route introduced in November 2022. This confidential process allows companies to keep sensitive information private, test investor interest, and refine their strategy before going public, offering flexibility and avoiding early public scrutiny.

Tankup Engineers IPO allotment date today: Tankup Engineers IPO allotment status will be finalized today, April 28. The IPO, subscribed 124.67 times, opened on April 23 and closed on April 25. Refunds and demat credits will begin on April 29, with listing on NSE SME on April 30. The grey market premium is +14, indicating a strong listing.

The Ather Energy IPO opened on April 28 with a price band of Rs 304-321 per share, closing on April 30. Subscription on Day 1 was low at 0.04x overall, with retail at 0.21x. Brokerages are mixed: Deven Choksey advises avoiding due to high valuation, while Geojit sees it as a high-risk, long-term bet. Bajaj Broking notes financial struggles, with Ather posting significant losses in FY24 and FY25.

Zepto's founders are in advanced talks to raise Rs 1,500 crore via structured debt from Edelweiss and others. The funds aim to buy shares from foreign investors, increasing domestic ownership to over 30% ahead of an IPO. The deal, with a 16-18% interest rate, values Zepto at $5 billion and is expected to close by July.

Ather Energy Ltd, a pioneer in India's electric two-wheeler (E2W) market, designs and sells E2Ws along with software, charging infrastructure, and smart accessories. At ₹321, its EV/Sales ratio of 7.1x (FY24) appears expensive, but strong R&D and growth potential justify a "Subscribe" rating for high-risk, long-term investors.

Ather Energy’s ₹2,981 crore IPO, priced at ₹304-321, opened on April 28-30. The issue includes a fresh share issue of ₹2,626 crore and OFS of 1.1 crore shares. Proceeds will fund a Maharashtra plant and debt reduction. Valuation at ₹11,956 crore, making it the second e-two-wheeler IPO after Ola Electric.

Ather Energy, a leading electric 2-wheeler manufacturer, is set to launch its IPO on April 28, closing on April 30, aiming to raise ₹2,981 crore. Priced at ₹304-321 per share, the IPO has a grey market premium of ₹3. The company, backed by Hero MotoCorp, plans to list on BSE and NSE by May 6, expanding its market presence.

Ethiopia raised 3.2 billion birr ($24 million) from its first IPO, selling 10.7 million shares in Ethio Telecom at 300 birr each. The sale, part of a plan to raise 30 billion birr, missed its target due to limited investor participation. The IPO marks the reopening of Ethiopia's stock market after 50 years, a key step in Prime Minister Abiy Ahmed's economic reforms.

The primary market will see five new IPOs starting April 28, led by 📌Ather Energy’s Rs 2,981-crore issue priced at Rs 304-321 per share. Four SME IPOs will follow, including 📌Iware Supplychain Services (Rs 27.13 crore), 📌Kenrik Industries (Rs 8.75 crore), 📌Arunaya Organics (Rs 34 crore), and 📌Wagons Learning (Rs 38.4 crore).

Kenrik Industries' IPO opened on April 29 and closes on May 2, with a price band of ₹25 per share. The minimum bid is 6,000 shares. The company, established in 2017, specializes in traditional Indian jewellery. The IPO consists of 34.98 lakh fresh shares to raise ₹8.75 crore for working capital and corporate expenses. Subscription status on day 1 was 21%, with retail portion at 39%.

The Arunaya Organics IPO is open from April 29 to May 2, with a price band of ₹55-₹58 per share. The company, established in 2010, manufactures specialty dyes and intermediates. The IPO includes a fresh issue of ₹30.51 crore and an OFS of 3.48 crore shares. Proceeds will fund a new facility, working capital, and corporate goals. On Day 1, subscription stood at 34%, with retail portion at 82%.

A 37-year-old Hyderabad man lost ₹2.8 crore in a fake IPO scam. He was lured via a Facebook ad, added to a WhatsApp group, and tricked into using the ASKMIN app. Scammers, including one posing as Priya, sent fake profits, then demanded a 15% processing fee. The victim filed a complaint, leading to a case under cheating and forgery laws.

Duroflex, a leading mattress maker, plans to go public within 18 months, targeting double-digit revenue growth. The company, which competes in a $2 billion market, aims to expand its non-mattress product lines and open 20-25 stores. In FY24, Duroflex reported Rs 1,001 crore in sales and Rs 44 crore in core earnings, with profits rising over 50%.

Ather Energy's ₹2,981 crore IPO, with a price band of ₹304-321, has seen 20% subscription as of April 29. Retail investors have taken 80% of their portion, while employees' shares were oversubscribed 2x. Funds will support a Maharashtra factory and debt reduction. Gaurav Garg advises aggressive investors to consider it cautiously, while conservatives should avoid due to profitability concerns.

Ather Energy, an IPO-bound EV maker, will avoid discount-driven sales, focusing on pricing discipline and expanding production to 500,000 units annually with a new Maharashtra facility. They aim to enhance supply chains by increasing domestic lithium-ion cell production and shifting more manufacturing to India. Ather is optimistic about scooter electrification, targeting non-southern markets.

Srigee DLM, a plastic injection moulding firm, is launching its IPO on May 5 to raise Rs 16.98 crore via 17.14 lakh shares priced at Rs 94-99. Funds will set up a Greater Noida facility and buy machinery. IPO closes on May 7, allotment by May 8, and trading starts on BSE SME on May 12. GYR Capital is the lead manager.

Ather Energy's IPO, the first major startup IPO in FY2026, faces risks including supply chain disruptions, intense competition from legacy players like Bajaj and TVS, a long path to profitability due to high costs, uncertain policy frameworks, and reliance on China and South Korea for battery supplies, with sales trailing competitors like Ola Electric.

Urban Company has filed a DRHP for a Rs 1,900 crore IPO, comprising a Rs 429 crore fresh issue and a Rs 1,471 crore OFS by existing investors. The fresh funds will be used for technology, infrastructure, and marketing. Founders are retaining their stakes, while investors like Accel and Tiger Global are partially exiting.

IPO of Ather Energy Limited opened for bidders on 28 April 2025. According to market observers, Ather Energy IPO GMP today is unchanged at ₹3 per share. After the end of bidding on day one, he book build issued had been subscribed 0.16 times, the retail portion had been booked 0.63 times, the NII portion had been filled 0.16 times, and the employee's reserved quota had been filled 1.78 times.

Corporate training company Wagons Learning will open its initial public offering (IPO) on May 2 with a price band of Rs 78-82 per share. The SME public issue will close on May 6. The 46.8 lakh-share IPO, worth Rs 38.38 crore at the upper price band, consists of fresh issuance of 30.8 lakh shares worth Rs 25.26 crore, and an offer-for-sale of Rs 13.12 crore by promoters.

Nine Indian firms, including Tata Play, Oyo, and Swiggy, have opted for pre-filing their IPO offer documents with SEBI, a route introduced in November 2022. This confidential process allows companies to keep sensitive information private, test investor interest, and refine their strategy before going public, offering flexibility and avoiding early public scrutiny.

Tankup Engineers IPO allotment date today: Tankup Engineers IPO allotment status will be finalized today, April 28. The IPO, subscribed 124.67 times, opened on April 23 and closed on April 25. Refunds and demat credits will begin on April 29, with listing on NSE SME on April 30. The grey market premium is +14, indicating a strong listing.

The Ather Energy IPO opened on April 28 with a price band of Rs 304-321 per share, closing on April 30. Subscription on Day 1 was low at 0.04x overall, with retail at 0.21x. Brokerages are mixed: Deven Choksey advises avoiding due to high valuation, while Geojit sees it as a high-risk, long-term bet. Bajaj Broking notes financial struggles, with Ather posting significant losses in FY24 and FY25.

Zepto's founders are in advanced talks to raise Rs 1,500 crore via structured debt from Edelweiss and others. The funds aim to buy shares from foreign investors, increasing domestic ownership to over 30% ahead of an IPO. The deal, with a 16-18% interest rate, values Zepto at $5 billion and is expected to close by July.

Ather Energy Ltd, a pioneer in India's electric two-wheeler (E2W) market, designs and sells E2Ws along with software, charging infrastructure, and smart accessories. At ₹321, its EV/Sales ratio of 7.1x (FY24) appears expensive, but strong R&D and growth potential justify a "Subscribe" rating for high-risk, long-term investors.

Ather Energy’s ₹2,981 crore IPO, priced at ₹304-321, opened on April 28-30. The issue includes a fresh share issue of ₹2,626 crore and OFS of 1.1 crore shares. Proceeds will fund a Maharashtra plant and debt reduction. Valuation at ₹11,956 crore, making it the second e-two-wheeler IPO after Ola Electric.

Ather Energy, a leading electric 2-wheeler manufacturer, is set to launch its IPO on April 28, closing on April 30, aiming to raise ₹2,981 crore. Priced at ₹304-321 per share, the IPO has a grey market premium of ₹3. The company, backed by Hero MotoCorp, plans to list on BSE and NSE by May 6, expanding its market presence.

Ethiopia raised 3.2 billion birr ($24 million) from its first IPO, selling 10.7 million shares in Ethio Telecom at 300 birr each. The sale, part of a plan to raise 30 billion birr, missed its target due to limited investor participation. The IPO marks the reopening of Ethiopia's stock market after 50 years, a key step in Prime Minister Abiy Ahmed's economic reforms.

The primary market will see five new IPOs starting April 28, led by 📌Ather Energy’s Rs 2,981-crore issue priced at Rs 304-321 per share. Four SME IPOs will follow, including 📌Iware Supplychain Services (Rs 27.13 crore), 📌Kenrik Industries (Rs 8.75 crore), 📌Arunaya Organics (Rs 34 crore), and 📌Wagons Learning (Rs 38.4 crore).

Ather Energy’s IPO will open on April 28 and close on April 30, priced at ₹304-₹321 per share. The ₹2,626 crore issue includes fresh shares and an OFS of 1.1 crore shares. Funds will support a new Maharashtra facility, R&D, marketing, and debt repayment. Shares are allocated 75% to QIBs, up to 15% to NIIs, and 10% to retail. Allotment is May 2, refunds on May 5, and listing on May 6. GMP is ₹3.

The primary market is all set to be back in action as one new initial public offering (IPO) in the mainboard segment will be opening for subscription next week after more than a month. Ather Energy's ₹2,981.06 crore IPO leads, while Iware Supplychain, Arunaya Organics, Kenrik Industries, and Wagons Learning follow with smaller issues. Tankup Engineers will list on April 30.

Ather Energy's ₹2,981 crore IPO opens on April 28, priced at ₹304-321 per share. The GMP, initially ₹17, dropped to ₹3, indicating a 0.93% premium. The issue size was reduced from ₹3,100 crore, targeting a ₹12,800 crore valuation. Proceeds will fund a Maharashtra factory, R&D, debt, and marketing. Anchor investors contributed ₹1,340 crore, with Hero MotoCorp retaining its 40% stake.

Electric vehicle maker Ather Energy has secured ₹1,340 crore from anchor investors ahead of its upcoming initial public offering (IPO). The shares were allotted at ₹321 each. Domestic mutual funds secured 49.6% of the 4.18 crore shares allocated. The IPO, priced between ₹304-321, will open on April 28 and close on April 30.

Canara Robeco Asset Management, India's second-oldest AMC, has filed for an IPO with SEBI, comprising 4.98 crore equity shares via OFS by promoters Canara Bank (2.59 crore) and ORIX Corporation Europe NV (2.39 crore). Proceeds will go to selling shareholders. The company expects enhanced visibility and liquidity.

Ather Energy's IPO, set to launch on April 28 with a price band of ₹304-₹321 per share, marks the first public listing for an IIT Madras-incubated startup. IITM IC and RTBI, holding a 0.5% stake, expect over ₹50 crore returns, a 32,000% ROI. They will sell shares worth over ₹1.13 crore. The IPO aims to raise ₹2,980.76 crore, listing on May 6.

Arunaya Organics' IPO will open on April 29 and close on May 2, with a price band of ₹55 to ₹58 per share. The company, founded in 2010, produces specialty dyes and intermediates for industries like textiles and paints. The IPO includes a fresh issue of 52.6 lakh shares and an offer-for-sale of 3.48 crore shares. Proceeds will fund a new Gujarat plant, working capital, and corporate purposes.

Prestige Hotel Ventures, a subsidiary of Prestige Estates Projects, has filed a DRHP with SEBI for an IPO to raise ₹2,000-2,500 crore. The IPO includes a fresh issue of up to ₹1,700 crore and an offer for sale of up to ₹1,000 crore. Funds will be used to repay debt and drive growth. Revenue rose to ₹662.68 crore in the nine months ending December 2024, up from ₹560.34 crore the previous year.

Ather Energy's IPO, priced at Rs 304-321 per share, ends India's two-month IPO drought. Grey market premium dropped from Rs 17 to Rs 6, signaling weak investor sentiment. The company aims to raise Rs 3,000 crore amid intense competition in the electric vehicle market, with sales growing 39% in FY24 and a 25% market share increase in FY25.

Prestige Hospitality Ventures Ltd, a subsidiary of Prestige Estates Projects Ltd, has filed a Draft Red Herring Prospectus (DRHP) with SEBI to launch an IPO aiming to raise up to Rs 2,700 crore. The IPO includes a fresh issue of Rs 1,700 crore and an offer-for-sale of Rs 1,000 crore. Proceeds will support growth and debt repayment.

Ather Energy's IPO, set for April 28-30, includes a ₹2,626 crore fresh issue and OFS of 1.1 crore shares, priced at ₹304-321 per share. Funds will establish a Maharashtra factory and reduce debt, targeting a ₹11,956 crore valuation. Risks include supplier dependence, market competition, and low capacity utilization. The grey market premium is +5, with an estimated listing price of ₹326.

Canada’s securities regulators have introduced new rules to stimulate IPOs and capital raising amid a multi-year decline in stock offerings. Companies can now file prospectuses with two years of audited financials instead of three and raise additional funds for 12 months post-IPO with a press release. Experts view this as a significant step to incentivize listings and support capital markets.

Arunaya Organics, a Gujarat-based dyes and intermediaries manufacturer, has filed its IPO prospectus to raise Rs 33.99 crore. The public issue, comprising a fresh issue of 52.6 lakh shares and an offer-for-sale of 6 lakh shares, opens on April 29 and closes on May 2, with a price band of Rs 55-58 per share. Proceeds will fund a new facility, working capital, and corporate purposes.

Ahmedabad-based Iware Supplychain Services will launch its IPO on April 28 at Rs 95 per share, closing on April 30. The company aims to raise Rs 27.13 crore, with funds allocated for constructing a new shed (Rs 14.06 crore), working capital (Rs 6.8 crore), and general corporate purposes (Rs 3.86 crore). Getfive Advisors is the lead manager, and SMC Global Securities is the market maker.

Iware Supplychain Services Limited's IPO will open on April 28 and close on April 30, with a price band of ₹95 per share. The company, a nationwide logistics provider since 2018, offers services like warehousing and transportation across states including Gujarat, Uttar Pradesh, and Delhi. The IPO consists of 28,56,000 shares to raise ₹27.13 crore for a new facility, working capital.

Vedanta Resources is considering a U.S. IPO for its Zambian unit, Konkola Copper Mines (KCM), to raise $1 billion for mine development. Advised by Barclays and Citigroup, discussions are preliminary with no timeline set. KCM holds high-grade copper and cobalt reserves, crucial for clean energy. Vedanta aims to boost copper production to 300,000 tons annually over five years.

Ather Energy's ₹2,981 crore IPO, priced at ₹304-₹321 per share, will see founders sell 19.6 lakh shares, yielding 1,422% gains. Despite being a leading EV two-wheeler brand with 11.5% market share, Ather reported a ₹1,059.7 crore loss in FY24. IPO funds will expand production and reduce debt, with shares listing on BSE and NSE.

Ather Energy's IPO opens April 28-30, priced at ₹304-321 per share. The ₹2,626 crore fresh issue and 1.1 crore OFS will fund a Maharashtra plant, R&D, marketing, and debt. Hero MotoCorp holds 40% and isn't selling. They sold 107,983 E2Ws in FY24, with 265 experience centers in India, and others in Nepal and Sri Lanka. Listing is May 6.

The Wadhwa group plans to raise Rs 2,000-2,500 crore via IPO at a Rs 9,000 crore valuation. Funds will repay debt and finance new projects. Investment banks ICICI Securities, JM Financial, and DAM Capital are involved. The move follows recent Mumbai real estate IPOs by Lodha (Rs 2,500 crore), Rustomjee (Rs 635 crore), Arkade (Rs 410 crore), and Suraj Estate (Rs 400 crore).

LG Electronics Inc has paused work on the initial public offering of its Indian unit amid market volatility, with considerations ongoing and no final decision made. The IPO, potentially valued between $10.5 billion and $11.5 billion, down from earlier expectations of up to $15 billion, may resume if market conditions improve.

Kenrik Industries' IPO opened on April 29 and closes on May 2, with a price band of ₹25 per share. The minimum bid is 6,000 shares. The company, established in 2017, specializes in traditional Indian jewellery. The IPO consists of 34.98 lakh fresh shares to raise ₹8.75 crore for working capital and corporate expenses. Subscription status on day 1 was 21%, with retail portion at 39%.

The Arunaya Organics IPO is open from April 29 to May 2, with a price band of ₹55-₹58 per share. The company, established in 2010, manufactures specialty dyes and intermediates. The IPO includes a fresh issue of ₹30.51 crore and an OFS of 3.48 crore shares. Proceeds will fund a new facility, working capital, and corporate goals. On Day 1, subscription stood at 34%, with retail portion at 82%.

A 37-year-old Hyderabad man lost ₹2.8 crore in a fake IPO scam. He was lured via a Facebook ad, added to a WhatsApp group, and tricked into using the ASKMIN app. Scammers, including one posing as Priya, sent fake profits, then demanded a 15% processing fee. The victim filed a complaint, leading to a case under cheating and forgery laws.

Duroflex, a leading mattress maker, plans to go public within 18 months, targeting double-digit revenue growth. The company, which competes in a $2 billion market, aims to expand its non-mattress product lines and open 20-25 stores. In FY24, Duroflex reported Rs 1,001 crore in sales and Rs 44 crore in core earnings, with profits rising over 50%.

Ather Energy's ₹2,981 crore IPO, with a price band of ₹304-321, has seen 20% subscription as of April 29. Retail investors have taken 80% of their portion, while employees' shares were oversubscribed 2x. Funds will support a Maharashtra factory and debt reduction. Gaurav Garg advises aggressive investors to consider it cautiously, while conservatives should avoid due to profitability concerns.

Ather Energy, an IPO-bound EV maker, will avoid discount-driven sales, focusing on pricing discipline and expanding production to 500,000 units annually with a new Maharashtra facility. They aim to enhance supply chains by increasing domestic lithium-ion cell production and shifting more manufacturing to India. Ather is optimistic about scooter electrification, targeting non-southern markets.

Srigee DLM, a plastic injection moulding firm, is launching its IPO on May 5 to raise Rs 16.98 crore via 17.14 lakh shares priced at Rs 94-99. Funds will set up a Greater Noida facility and buy machinery. IPO closes on May 7, allotment by May 8, and trading starts on BSE SME on May 12. GYR Capital is the lead manager.

Ather Energy's IPO, the first major startup IPO in FY2026, faces risks including supply chain disruptions, intense competition from legacy players like Bajaj and TVS, a long path to profitability due to high costs, uncertain policy frameworks, and reliance on China and South Korea for battery supplies, with sales trailing competitors like Ola Electric.

Urban Company has filed a DRHP for a Rs 1,900 crore IPO, comprising a Rs 429 crore fresh issue and a Rs 1,471 crore OFS by existing investors. The fresh funds will be used for technology, infrastructure, and marketing. Founders are retaining their stakes, while investors like Accel and Tiger Global are partially exiting.

IPO of Ather Energy Limited opened for bidders on 28 April 2025. According to market observers, Ather Energy IPO GMP today is unchanged at ₹3 per share. After the end of bidding on day one, he book build issued had been subscribed 0.16 times, the retail portion had been booked 0.63 times, the NII portion had been filled 0.16 times, and the employee's reserved quota had been filled 1.78 times.

Corporate training company Wagons Learning will open its initial public offering (IPO) on May 2 with a price band of Rs 78-82 per share. The SME public issue will close on May 6. The 46.8 lakh-share IPO, worth Rs 38.38 crore at the upper price band, consists of fresh issuance of 30.8 lakh shares worth Rs 25.26 crore, and an offer-for-sale of Rs 13.12 crore by promoters.

Nine Indian firms, including Tata Play, Oyo, and Swiggy, have opted for pre-filing their IPO offer documents with SEBI, a route introduced in November 2022. This confidential process allows companies to keep sensitive information private, test investor interest, and refine their strategy before going public, offering flexibility and avoiding early public scrutiny.

Tankup Engineers IPO allotment date today: Tankup Engineers IPO allotment status will be finalized today, April 28. The IPO, subscribed 124.67 times, opened on April 23 and closed on April 25. Refunds and demat credits will begin on April 29, with listing on NSE SME on April 30. The grey market premium is +14, indicating a strong listing.

The Ather Energy IPO opened on April 28 with a price band of Rs 304-321 per share, closing on April 30. Subscription on Day 1 was low at 0.04x overall, with retail at 0.21x. Brokerages are mixed: Deven Choksey advises avoiding due to high valuation, while Geojit sees it as a high-risk, long-term bet. Bajaj Broking notes financial struggles, with Ather posting significant losses in FY24 and FY25.

Zepto's founders are in advanced talks to raise Rs 1,500 crore via structured debt from Edelweiss and others. The funds aim to buy shares from foreign investors, increasing domestic ownership to over 30% ahead of an IPO. The deal, with a 16-18% interest rate, values Zepto at $5 billion and is expected to close by July.

Ather Energy Ltd, a pioneer in India's electric two-wheeler (E2W) market, designs and sells E2Ws along with software, charging infrastructure, and smart accessories. At ₹321, its EV/Sales ratio of 7.1x (FY24) appears expensive, but strong R&D and growth potential justify a "Subscribe" rating for high-risk, long-term investors.

Ather Energy’s ₹2,981 crore IPO, priced at ₹304-321, opened on April 28-30. The issue includes a fresh share issue of ₹2,626 crore and OFS of 1.1 crore shares. Proceeds will fund a Maharashtra plant and debt reduction. Valuation at ₹11,956 crore, making it the second e-two-wheeler IPO after Ola Electric.

Ather Energy, a leading electric 2-wheeler manufacturer, is set to launch its IPO on April 28, closing on April 30, aiming to raise ₹2,981 crore. Priced at ₹304-321 per share, the IPO has a grey market premium of ₹3. The company, backed by Hero MotoCorp, plans to list on BSE and NSE by May 6, expanding its market presence.

Ethiopia raised 3.2 billion birr ($24 million) from its first IPO, selling 10.7 million shares in Ethio Telecom at 300 birr each. The sale, part of a plan to raise 30 billion birr, missed its target due to limited investor participation. The IPO marks the reopening of Ethiopia's stock market after 50 years, a key step in Prime Minister Abiy Ahmed's economic reforms.

The primary market will see five new IPOs starting April 28, led by 📌Ather Energy’s Rs 2,981-crore issue priced at Rs 304-321 per share. Four SME IPOs will follow, including 📌Iware Supplychain Services (Rs 27.13 crore), 📌Kenrik Industries (Rs 8.75 crore), 📌Arunaya Organics (Rs 34 crore), and 📌Wagons Learning (Rs 38.4 crore).

Ather Energy’s IPO will open on April 28 and close on April 30, priced at ₹304-₹321 per share. The ₹2,626 crore issue includes fresh shares and an OFS of 1.1 crore shares. Funds will support a new Maharashtra facility, R&D, marketing, and debt repayment. Shares are allocated 75% to QIBs, up to 15% to NIIs, and 10% to retail. Allotment is May 2, refunds on May 5, and listing on May 6. GMP is ₹3.

The primary market is all set to be back in action as one new initial public offering (IPO) in the mainboard segment will be opening for subscription next week after more than a month. Ather Energy's ₹2,981.06 crore IPO leads, while Iware Supplychain, Arunaya Organics, Kenrik Industries, and Wagons Learning follow with smaller issues. Tankup Engineers will list on April 30.

Ather Energy's ₹2,981 crore IPO opens on April 28, priced at ₹304-321 per share. The GMP, initially ₹17, dropped to ₹3, indicating a 0.93% premium. The issue size was reduced from ₹3,100 crore, targeting a ₹12,800 crore valuation. Proceeds will fund a Maharashtra factory, R&D, debt, and marketing. Anchor investors contributed ₹1,340 crore, with Hero MotoCorp retaining its 40% stake.

Electric vehicle maker Ather Energy has secured ₹1,340 crore from anchor investors ahead of its upcoming initial public offering (IPO). The shares were allotted at ₹321 each. Domestic mutual funds secured 49.6% of the 4.18 crore shares allocated. The IPO, priced between ₹304-321, will open on April 28 and close on April 30.

Canara Robeco Asset Management, India's second-oldest AMC, has filed for an IPO with SEBI, comprising 4.98 crore equity shares via OFS by promoters Canara Bank (2.59 crore) and ORIX Corporation Europe NV (2.39 crore). Proceeds will go to selling shareholders. The company expects enhanced visibility and liquidity.

Ather Energy's IPO, set to launch on April 28 with a price band of ₹304-₹321 per share, marks the first public listing for an IIT Madras-incubated startup. IITM IC and RTBI, holding a 0.5% stake, expect over ₹50 crore returns, a 32,000% ROI. They will sell shares worth over ₹1.13 crore. The IPO aims to raise ₹2,980.76 crore, listing on May 6.

Arunaya Organics' IPO will open on April 29 and close on May 2, with a price band of ₹55 to ₹58 per share. The company, founded in 2010, produces specialty dyes and intermediates for industries like textiles and paints. The IPO includes a fresh issue of 52.6 lakh shares and an offer-for-sale of 3.48 crore shares. Proceeds will fund a new Gujarat plant, working capital, and corporate purposes.

Prestige Hotel Ventures, a subsidiary of Prestige Estates Projects, has filed a DRHP with SEBI for an IPO to raise ₹2,000-2,500 crore. The IPO includes a fresh issue of up to ₹1,700 crore and an offer for sale of up to ₹1,000 crore. Funds will be used to repay debt and drive growth. Revenue rose to ₹662.68 crore in the nine months ending December 2024, up from ₹560.34 crore the previous year.

Ather Energy's IPO, priced at Rs 304-321 per share, ends India's two-month IPO drought. Grey market premium dropped from Rs 17 to Rs 6, signaling weak investor sentiment. The company aims to raise Rs 3,000 crore amid intense competition in the electric vehicle market, with sales growing 39% in FY24 and a 25% market share increase in FY25.

Prestige Hospitality Ventures Ltd, a subsidiary of Prestige Estates Projects Ltd, has filed a Draft Red Herring Prospectus (DRHP) with SEBI to launch an IPO aiming to raise up to Rs 2,700 crore. The IPO includes a fresh issue of Rs 1,700 crore and an offer-for-sale of Rs 1,000 crore. Proceeds will support growth and debt repayment.

Ather Energy's IPO, set for April 28-30, includes a ₹2,626 crore fresh issue and OFS of 1.1 crore shares, priced at ₹304-321 per share. Funds will establish a Maharashtra factory and reduce debt, targeting a ₹11,956 crore valuation. Risks include supplier dependence, market competition, and low capacity utilization. The grey market premium is +5, with an estimated listing price of ₹326.

Canada’s securities regulators have introduced new rules to stimulate IPOs and capital raising amid a multi-year decline in stock offerings. Companies can now file prospectuses with two years of audited financials instead of three and raise additional funds for 12 months post-IPO with a press release. Experts view this as a significant step to incentivize listings and support capital markets.

Arunaya Organics, a Gujarat-based dyes and intermediaries manufacturer, has filed its IPO prospectus to raise Rs 33.99 crore. The public issue, comprising a fresh issue of 52.6 lakh shares and an offer-for-sale of 6 lakh shares, opens on April 29 and closes on May 2, with a price band of Rs 55-58 per share. Proceeds will fund a new facility, working capital, and corporate purposes.

Ahmedabad-based Iware Supplychain Services will launch its IPO on April 28 at Rs 95 per share, closing on April 30. The company aims to raise Rs 27.13 crore, with funds allocated for constructing a new shed (Rs 14.06 crore), working capital (Rs 6.8 crore), and general corporate purposes (Rs 3.86 crore). Getfive Advisors is the lead manager, and SMC Global Securities is the market maker.

Iware Supplychain Services Limited's IPO will open on April 28 and close on April 30, with a price band of ₹95 per share. The company, a nationwide logistics provider since 2018, offers services like warehousing and transportation across states including Gujarat, Uttar Pradesh, and Delhi. The IPO consists of 28,56,000 shares to raise ₹27.13 crore for a new facility, working capital.

Vedanta Resources is considering a U.S. IPO for its Zambian unit, Konkola Copper Mines (KCM), to raise $1 billion for mine development. Advised by Barclays and Citigroup, discussions are preliminary with no timeline set. KCM holds high-grade copper and cobalt reserves, crucial for clean energy. Vedanta aims to boost copper production to 300,000 tons annually over five years.

Ather Energy's ₹2,981 crore IPO, priced at ₹304-₹321 per share, will see founders sell 19.6 lakh shares, yielding 1,422% gains. Despite being a leading EV two-wheeler brand with 11.5% market share, Ather reported a ₹1,059.7 crore loss in FY24. IPO funds will expand production and reduce debt, with shares listing on BSE and NSE.

Ather Energy's IPO opens April 28-30, priced at ₹304-321 per share. The ₹2,626 crore fresh issue and 1.1 crore OFS will fund a Maharashtra plant, R&D, marketing, and debt. Hero MotoCorp holds 40% and isn't selling. They sold 107,983 E2Ws in FY24, with 265 experience centers in India, and others in Nepal and Sri Lanka. Listing is May 6.

The Wadhwa group plans to raise Rs 2,000-2,500 crore via IPO at a Rs 9,000 crore valuation. Funds will repay debt and finance new projects. Investment banks ICICI Securities, JM Financial, and DAM Capital are involved. The move follows recent Mumbai real estate IPOs by Lodha (Rs 2,500 crore), Rustomjee (Rs 635 crore), Arkade (Rs 410 crore), and Suraj Estate (Rs 400 crore).

LG Electronics Inc has paused work on the initial public offering of its Indian unit amid market volatility, with considerations ongoing and no final decision made. The IPO, potentially valued between $10.5 billion and $11.5 billion, down from earlier expectations of up to $15 billion, may resume if market conditions improve.