India’s primary capital-markets pipeline is accelerating as companies across consumer, renewable-energy and infrastructure sectors rush to file draft prospectuses or open share sales ahead of the July earnings season. Bengaluru-based Emmvee Photovoltaic Power led the week’s filings with plans for a Rs 3,000-crore ($360 million) initial public offering. The solar-module maker will raise Rs 2,143.9 crore through new shares and offer Rs 856.1 crore worth from promoters, using most of the proceeds to pare Rs 1,607.9 crore of debt. Emmvee, India’s second-largest pure-play photovoltaic manufacturer, reported a Rs 369 crore profit on Rs 2,336 crore revenue in FY25. In the consumer segment, mattress and furniture brand Wakefit Innovations lodged papers for a Rs 468 crore fresh issue while existing shareholders prepare to sell 5.8 crore shares. Venture investor Elevation Capital increased its holding to nearly 5% after buying Rs 32.5 crore worth of stock from employees ahead of the filing. Cloud-kitchen operator Curefoods, which franchises Krispy Kreme in India, is seeking up to Rs 800 crore through new equity and could cut the size by Rs 160 crore if a planned pre-IPO placement materialises. Early backers Iron Pillar and Accel intend to monetise part of their stakes. Flexible workspace provider Smartworks will open subscriptions on July 10 for a Rs 445 crore offer that has already been pared from the Rs 550 crore outlined in its draft prospectus. Airport food-court operator Travel Food Services will launch a Rs 2,000 crore all-offer-for-sale issue on July 7, while power-equipment makers Allied Engineering Works and Smarten Power Systems have queued up smaller offerings of Rs 400 crore and Rs 50 crore, respectively. Away from equities, Adani Enterprises announced a public issue of secured non-convertible debentures to raise as much as Rs 1,000 crore, offering yields of up to 9.30% over tenors ranging from two to five years. Bankers say the breadth of deals—from renewable energy to coworking and quick-service dining—signals renewed risk appetite after a lull earlier in the year, with issuers looking to lock in valuations before global rate trajectories become clearer.
#Business | Emmvee Photovoltaic Power files draft papers for Rs 3,000-crore IPO, aims to reduce debt significantly #IPO #EmmveePower More Details ⬇️🔗 https://t.co/dwFaG8P9qb
Travel Food Services #IPO GMP Today: Subscription opens Monday, July 7 – Check price band, issue details https://t.co/fBjWJCSooK
Adani Enterprises to Raise Up to Rs 1,000 Crore Through New NCD Issue Offering Up to 9.30% Yield #Adani #adanienterprisesshare https://t.co/qQZI98KeyI