Meesho Ltd. has faced a major setback a day before its IPO opened, as several investors pulled out of its anchor placement over preferential allotment to SBI Funds Management Pvt. Ltd. Meesho generated ₹1,032 crore in free cash flow in the fiscal ended 31 March 2025—the highest among listed e-commerce firms in India. (AI Image) […]
Wakefit Innovations Ltd. has reduced the size and declared the price band for its IPO for a valuation of up to ₹6,000 crore. Wakefit is a mattress and home furnishings company in India. (Unsplash) On offer in the Wakefit IPO are new shares worth ₹377 crore—as against ₹468 crore planned earlier—alongwith an offer-for-sale of 4.67 […]
Sudeep Pharma Ltd. listed at a premium over its IPO price today, underscoring the demand for new stocks in the world’s fourth largest stock market. Officials of Sudeep Pharma ahead of the listing ceremony at the National Stock Exchange on Friday, 28 November 2025. Earlier, the Sudeep Pharma IPO was subscribed 93.71 times over the […]
Meesho Ltd. is seeking a valuation of about ₹53,000 crore (about $6 billion) in its IPO scheduled for early December, joining a growing list of firms tapping into India’s booming IPO market. Meesho generated ₹1,032 crore in free cash flow in the fiscal ended 31 March 2025—the highest among listed e-commerce firms in India. (AI […]
People Interactive India Pvt. Ltd., the operator of Shaadi.com, is preparing for an initial public offering, as Founder CEO Anupam Mittal looks to join fellow “Shark” Peyush Bansal (Lenskart Solutions Ltd.) at the Dalal Street. Anupam Mittal, founder and CEO of Shaadi.com and Shark Tank India judge. (HT) The matrimonial website has held IPO discussions […]
Edtech firm PhysicsWallah made its trading debut on Tuesday, with the company’s shares being listed at a premium of 33 per cent at the National Stock Exchange (NSE). Top executives of the company were present at the ceremony Alakh Pandey and Shivani Dubey married in February 2023.(NSE India/YouTube) Founder and CEO Alakh Pandey got loud […]
More Retail Pvt. Ltd., the food and grocery chain jointly owned by Amazon.com Inc. and Samara Capital Partners, has picked advisers for an impending initial public offering that could raise about $300 million, according to people familiar with the matter. More Retail was acquired in 2019 by Witzig Advisory Services Pvt., a joint venture of […]
PhysicsWallah Ltd. soared 33% in its trading debut on Tuesday, as prospects for continued business growth fueled investor appetite after its $393 million IPO. Physics Wallah co-founder Alakh Pandey and Prateek Maheshwari at the listing ceremony of their company at the National Stock Exchange in Mumbai on Tuesday (18 November 2025). (NSE) The stock listed […]
Biocon Ltd. is said to be exploring merging Biocon Biologics Ltd. with itself, even as the option of listing the biosimilars unit remains on the table. Biocon founder and chairperson Kiran Mazumdar-Shaw. (HT) The company, led by Kiran-Mazumdar Shaw, is in advanced talks with its minority shareholders for a share swap, ET reported on Thursday […]
As fintech startup Groww made a strong IPO debut on Wednesday, an old email from its CEO and co-founder, Lalit Keshre, has resurfaced online. Lalit Keshre is the co-founder and CEO of Groww.(X/@lkeshre) Taking to X, Shikhar Saxena, the founder of Binary and SuperDM, shared a screenshot of an email Keshre had sent him back […]
