India’s primary markets are showing renewed momentum with a strong pipeline of initial public offerings (IPOs) attracting investor interest. According to the Economic Times IPO section, several deals have opened recently and still more are in the queue.
OpenAI’s chief financial officer Sarah Friar has clarified that the company is not currently working toward an initial public offering (IPO). Speaking at the WSJ Tech Live conference, Friar stated “IPO is not on the cards right now” and added that the firm is focused on scaling operations rather than getting distracted by listing plans.
Securities and Exchange Board of India (SEBI) chairman Tuhin Kanta Pandey clarified that SEBI will not intervene in determining the valuations of initial public offerings (IPOs), emphasising that pricing remains the prerogative of the market.
The nomination for the initial public offering (IPO) of Billionbrains Garage Ventures Ltd., the parent company of Groww, closes today. The total issue size stands at around Rs. 6,632 crore.
intech company Pine Labs has opened its initial public offering, seeking to raise approximately Rs. 3,899.91 crore through a combination of fresh issuance and an offer for sale. The issue comprises a fresh issue of Rs. 2,080 crore and an offer for sale of Rs. 1,819.91 crore by existing shareholders.
Emmvee Photovoltaic Power Ltd, an Indian solar panel manufacturer heading towards its initial public offering, plans to invest around Rs. 55 billion (US$625.75 million) to expand its manufacturing capacity, reflecting confidence in domestic renewables demand.
Donald Trump on Thursday expressed strong admiration for Narendra Modi, calling him a “great man” and a “friend,” while indicating that a visit to India next year remains on the agenda.
Indian equity markets drifted lower on Thursday as the NIFTY 50 breached its key short-term support level of the 20-day exponential moving average and edged toward the 25,400 zone. Several heavyweight stocks captured attention amidst the weak market tone.
India’s Finance Minister Nirmala Sitharaman confirmed that the government has initiated discussions with the Reserve Bank of India (RBI) and various banks regarding consolidation in the banking sector. She emphasised that before any firm decisions on merging banks are taken, a more enabling environment will need to be created to allow banks to grow.
Singapore-based Singtel is reportedly set to sell about 5.1 crore shares — roughly 0.8 % of Bharti Airtel — through a block deal valued at around Rs 10,300 crore (≈ US$1.17 billion). The floor price for the deal is fixed at Rs 2,030 per share, representing approximately a 3.1 % discount to the company’s previous closing price of ~Rs 2,095.
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