Digital lending platform Fibe gets Sebi nod to launch IPO
Fibe, officially known as Social Worth Technologies, has received approval from Sebi for its initial public offering, aiming to generate Rs 750 crore through a new share issue. This funding will enhance its subsidiary's capacity for lending. Additionally, current shareholders will also have the chance to divest through an offer-for-sale segment. The company employs AI and machine learning in its digital credit services.
Essar's EET Retail to acquire UK forecourt operator SGN for 400 mn pounds
Essar Energy Transition's retail arm is acquiring SGN Retail for approximately 400 million pounds. This deal adds 118 sites, creating a 235-site network for the company. The enlarged network will make EET Retail the UK's second-largest forecourt operator. EET plans to expand its network to 800 sites by 2031. This acquisition strengthens domestic fuel supply resilience and integrates production with distribution.
IPO-bound Paramotor announces partnerships with NSDL Payments Bank, Mastercard, TBX
Paramotor Digital Technology Ltd announced new partnerships on Friday. These collaborations aim to strengthen its digital payments and rewards presence. The company is launching new gift and prepaid cards with NSDL Payments Bank and Mastercard. Paramotor also partnered with TBX to expand its platform ecosystem distribution. Further, it is providing technology services for Osmo Atorie LLP's closed-loop card.
Kotak Realty Fund invests Rs 800 crore in Smartworld Sky Arc and Trump Residences
In a notable move, Kotak Realty Fund has allocated Rs 800 crore to Gurugram-based projects, enhancing the luxury residential sector supported by Smartworld Developers and M3M India Group. This partnership underscores the importance of institutional support for credible developers and effective governance, as Smartworld continues to thrive in the premium housing segment with a clean financial slate.
India Inc needs to rethink the cost of capital
Corporate India is entering an investment cycle at a time when capital is becoming more expensive. The National Statistics Office estimates private corporate capital expenditure at Rs 11.44 lakh crore for 2025-26, while companies have indicated Rs 9.55 lakh crore of investment intentions for 2026-27. About 65.35 per cent of the 2025-26 capex is expected to be financed through internal accruals and 23.25 per cent through domestic debt. These numbers make the cost of capital more than a treasury issue. The uncomfortable part is that the global pool of capital is no longer behaving as though money has little opportunity cost.
Safebox Raises USD 1.11 Million Seed Round to Build India's Family Wealth Protection Category
Safebox, a wealth protection platform, secured $1.11 million in seed funding. The company helps Indian families track and protect their financial assets across many categories. This funding will enhance product capabilities and accelerate distribution efforts. Safebox has already helped customers protect over ₹6,000 crore of family assets. The platform aims to prevent financial assets from being lost or unclaimed.
Arcil raises Rs 220 cr from anchor investors; Rs 733 cr IPO opens for subscription
Arcil has secured Rs 220 crore from anchor investors before its public offering. The company's initial share sale opens for subscription on Wednesday, September 9. This Rs 733 crore initial public offering is entirely an offer for sale. Promoters and existing shareholders will sell their equity shares in the company. Arcil expects to list on the BSE and NSE on September 17.
M K C Agro Fresh files draft papers with Sebi for IPO
M K C Agro Fresh Ltd has filed draft papers for its Initial Public Offering. The company plans a fresh issue and an offer for sale to raise funds. Proceeds will support debt repayment and general corporate needs. Operations span procurement, processing, and distribution across fifteen fruit categories. A new frozen orange juice facility is expected to begin production by March 2027.
Mega NSE IPO coming as Sebi approves Rs 30,000 crore public offer
NSE’s long-awaited IPO has moved closer after Sebi approved its draft offer plan for a proposed Rs 30,000-crore issue. The IPO will be entirely an offer for sale, allowing existing shareholders to dilute their stakes. The listing would mark the end of a process first initiated in 2016 and stalled over regulatory concerns.
Manipal Payment IPO price band fixed at Rs 322-339; issue to open on Sep 9
Manipal Payment and Identity Solutions Ltd announced its Initial Public Offering price band. The company's Rs 805-crore IPO will open for public subscription on September 9. This offering includes a fresh issue and an offer for sale by the promoter. Proceeds will fund equipment purchases and installations across various facilities. The equity shares are proposed to be listed on BSE and NSE on September 17.