Lenskart gets Sebi nod for Rs 8,000-crore IPO, aims for November listing: sources
Eyewear retailer Lenskart has received Sebi approval for its IPO, targeting a mid-November listing. The company aims to raise Rs 2,150 crore in fresh capital, with the total IPO size expected to be Rs 7,500-8,000 crore. Lenskart turned profitable in fiscal 2025, posting a net profit of Rs 297 crore, and will use proceeds for store expansion and acquisitions.
Growth Uncapped: NBFCs can tap a billion dollars or more in ECBs
Financial regulators - the Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority of India and Pension Fund Regulatory and Development Authority -would not enforce ceilings on the amounts that can be borrowed by Indian companies from overseas markets. The RBI has also allowed borrowers that is under a debt restructuring scheme or corporate insolvency resolution process to raise ECB only if specifically permitted under the restructuring or resolution plan.
Tata Capital IPO priced below industry average. Is a listing pop on the cards?
Tata Capital has set its IPO price band at Rs 310–326, a 56% cut from its last unlisted share price, aiming to attract investors and create potential for a listing pop. As one of India’s largest NBFCs, the three-day IPO opens on October 6. Experts say the pricing is sensible, leaving room for long-term value and investor appeal.
LG Electronics India IPO: Dates announced for Rs 15,000 crore IPO. Check details
LG Electronics India's 15,000 crore IPO will open on October 7. The issue is an offer for sale from its Korean parent. All funds will go to the selling shareholder. LG holds a market leader position in home appliances. The company reported strong financials for fiscal 2024. This IPO is one of the biggest offerings this year.
SaaS platform Petpooja raises $15.4 million funding led by Dharana Capital
Petpooja, a software-as-a-service platform for restaurants, successfully raised $15.4 million (Rs 137 crore) in a funding round led by Dharana Capital. The capital infusion, which included participation from notable founders, will be utilized to enhance its product portfolio, invest in AI-driven automation, and bolster customer support.
Why is Tata Capital pricing its IPO far below unlisted levels?
Tata Capital's ₹15,512-crore IPO is priced at ₹310-326 per share, a significant discount to its unlisted market price of ₹735. This has disappointed investors who bought unlisted shares at much higher valuations, expecting robust listing gains. Experts caution that unlisted market prices are often speculative and do not reflect final IPO valuations, a trend observed in previous offerings.
Vedanta Resources plans to raise $500 million to refinance costly debt
The senior notes, issued via Vedanta Resources Finance II, will be guaranteed by parent VRL and subsidiaries including Twin Star Holdings, Welter Trading, and Vedanta Holdings Mauritius II. The deal, launched under Rule 144A/Reg S, is expected to be priced as early as September 30 with preliminary ratings of B2 (Moody's) and B+ (Fitch), and will mature in October 2032.
Dhariwal Buildtech files draft papers for Rs 950 cr IPO
Infrastructure construction company Dhariwal Buildtech Ltd has filed draft papers for a Rs 950 crore Initial Public Offering, comprising entirely a fresh issue. Proceeds will fund equipment purchases, debt repayment for the company and its subsidiaries, and general corporate purposes. The firm, with a Rs 4,767 crore order book, reported Rs 1,153 crore revenue and Rs 160.
LIC Housing Finance accepts bids for 3-year bonds, bankers say
LIC Housing Finance accepted bids for its 7.77% 2028 bond reissue. The company successfully raised 11 billion rupees, equivalent to $123.95 million. This bond will offer investors a yield of 6.90%. Bids were accepted on Monday. This financial move reflects ongoing market activity. The company did not comment on the development.
IPO boom defies market slump, mobilises nearly Rs 1.7 lakh crore in a year
India's IPO market witnessed a vibrant boom from October 2024 to September 2025, defying secondary market uncertainty by raising nearly double the funds compared to the previous year. Driven by robust domestic liquidity and a diverse mix of issues, 86 IPOs mobilised ₹1,70,897 crore. Experts anticipate this frenzy to continue as money shifts from secondary to primary markets.
SBI could receive $466 million in passive inflows if FII limit is raised
State Bank of India could attract up to $466 million in passive inflows if the foreign investment limit for public-sector banks is raised from 20% to 26%, Nuvama Institutional Equities said. The move would allow higher MSCI index weightings. The government is reportedly considering the change as part of reforms to boost capital while retaining at least 51% public ownership in PSBs.