India's #IPO market eyes $2.4 bn in offerings in July on confidence revival #IPOAlert #markets https://t.co/GLl5kd9J3D
#MarketsWithBS | Shadowfax Technologies files confidential DRHP for ₹2,500-crore IPO. Check key details here #Stocks #markets #stockmarketindia #stockmarketnews #sharemarket #ShadowfaxTechnologies #DRHP #IPOAlert https://t.co/Q1yWQCQvwK
#MarketsWithBS | Hero Motors refiles DRHP, raises IPO size to ₹1,200-crore. Check key details here #Stocks #markets #stockmarketindia #stockmarketnews #sharemarket #HeroMotors #DRHP #IPO #IPOAlert https://t.co/WvRICutBMG
Several Indian companies have recently filed for initial public offerings (IPOs), signaling renewed confidence in the country's capital markets. Curefoods India, a cloud kitchen startup backed by Binny Bansal and owned by Ankit Nagori, has filed draft red herring prospectus (DRHP) papers with the Securities and Exchange Board of India (SEBI) to raise Rs 800 crore (approximately $96 million) for expansion. The company may also conduct a pre-IPO fundraising round of up to Rs 160 crore, which could reduce the fresh issue size accordingly. Curefoods operates brands including Krispy Kreme in India and has seen investor exits from Iron Pillar and Accel despite revenue growth. Meanwhile, Shadowfax Technologies, a logistics startup, has filed a confidential DRHP with SEBI for an IPO expected to raise Rs 2,500 crore (around $300 million). The IPO is anticipated to include a mix of fresh issuance and offer-for-sale shares, potentially valuing Shadowfax at Rs 8,500 crore ($1 billion). Additionally, Hero Motors, an Indian auto parts manufacturer, has refiled its DRHP with an increased IPO size of Rs 1,200 crore (approximately $140 million). These filings contribute to an expected $2.4 billion worth of IPO offerings in India in July, reflecting a revival of investor confidence in the market.