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Indian Express
31 minutes ago
- Indian Express
Hero Motors, Allied Engineering, Meesho among 12 companies that filed IPO papers last week: Full list
IPO Papers, Draft IPO Papers: A total of 12 companies, including smart energy meter manufacturer Allied Engineering Works, Hero Motors, e-commerce platform Meesho, and air freight forwarder Skyways Air Services, among others, filed draft papers with SEBI and BSE last week to raise funds through initial public offerings (IPOs). Earlier this month, investment bankers projected that Indian firms could collectively raise around $2.4 billion via IPOs in July, according to a Reuters report. Here's a look at the complete list of companies that submitted IPO documents last week. Smart energy meter manufacturer Allied Engineering Works has filed preliminary papers with the markets regulator Sebi to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 400 crore, and an offer-for-sale of 75 lakh shares by promoter Ashutosh Goel, according to the draft red herring prospectus (DRHP) filed on Saturday. Speciality chemicals company Safex Chemicals (India) has filed preliminary papers with the capital markets regulator Sebi to seek approval to raise funds through an initial public offering (IPO). The IPO is a mix of fresh issue of shares worth Rs 450 crore and an offer-for-sale of 35,734,818 shares by promoters, investors and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Thursday. Softbank-backed e-commerce firm Meesho has filed a draft paper with markets regulator Sebi through confidential route, sources aware of the development said. The resolution to launch an IPO was passed in the Extraordinary General Meeting on June 25. The company shared its plans to raise at least Rs 4,250 crore in the initial public offering. Automotive solutions provider Fourfront on Wednesday said it has filed preliminary papers with BSE's SME platform to mobilise funds through an initial share sale. The initial public offering is entirely a fresh issue of up to 65 lakh fresh equity shares with a face value of Rs 10 each with no offer-for-sale component. The shares of the Pune-based company will be listed on the BSE's SME platform, the company said in a statement. Industrial steam and gas supplier Steamhouse India has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise between Rs 500 crore and Rs 700 crore, industry sources familiar with the development said. In a public announcement on Wednesday, Surat-based Steamhouse India said it has submitted 'the pre-filed draft red herring prospectus with Sebi and the stock exchanges…in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges'. Air freight forwarding and logistics company Skyways Air Services Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The city-based company's IPO is a mix of fresh issue of 32.92 million equity shares and an offer for sale (OFS) of 13.33 million equity shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Monday. Logistics service provider Shadowfax Technologies has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development said. The company could be valued at around Rs 8,500 crore, they added. The IPO is a mix of fresh issue and an offer-for-sale (OFS) by existing shareholders. Auto parts maker Hero Motors has filed draft papers with markets regulator Sebi to raise Rs 1,200 crore through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 800 crore and an offer-for-sale (OFS) of shares worth Rs 400 crore by promoters, according to the draft papers filed on Monday. As a part of the OFS, O P Munjal Holdings will be offloading shares to the tune of Rs 390 crore; and Bhagyoday Investments and Hero Cycles will divest shares valued Rs 5 crore each. Tenneco Clean Air India Ltd, part of the US-headquartered Tenneco Group, on Monday filed preliminary papers with capital markets regulator Sebi for a Rs 3,000-crore initial public offering (IPO). The proposed IPO is entirely an Offer for Sale (OFS) by the promoter Tenneco Mauritius Holdings Ltd with no fresh equity issuance, according to the draft red herring prospectus (DRHP). Gujarat-based German Green Steel and Power has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The initial public offering (IPO) is a combination of fresh issuance of equity shares worth up to Rs 450 crore and an offer for sale of up to 20 lakh shares by promoters Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki, according to the Draft Red Herring Prospectus (DRHP). Eco-friendly paper manufacturer Sillverton Industries has filed draft papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters and promoter group entities, according to the draft red herring prospectus (DRHP). Gaja Alternative Asset Management Ltd, which operates under the brand Gaja Capital, has filed confidential draft papers with markets regulator Sebi for an initial public offering (IPO). In a public announcement on Monday, the company stated that it has submitted the pre-filed draft red herring prospectus (DRHP) with Sebi and the stock exchanges for the proposed listing of its equity shares on the main board. (With inputs from PTI)
Hans India
44 minutes ago
- Hans India
Why Global Capability Centers are the enterprise backbone of 2030
As digital transformation accelerates and enterprises rethink resilience, one strategic trend is rapidly redefining the global operations landscape: Global Capability Centers (GCCs). Originally conceived as offshore cost-saving hubs, GCCs have transformed into centers of innovation, analytics, and enterprise-wide capability building. Today, over 1,750 GCCs operate in India, employing 1.9 million professionals and generating more than $64.6 billion in annual revenue. By 2030, these numbers are projected to surge to 2,100–2,200 centers, 2.5–2.8 million employees, and $99-105 billion in revenue. India's technology-rich ecosystem and skilled STEM workforce continue to make it a magnet for GCCs worldwide. 'GCCs are uniquely positioned at the intersection of capability, cost, and control, making them critical assets for companies navigating digital disruption and global volatility,' Sudeep Krishna Co-Founder & President, Healthark Insights, told The Hans India. Sudeep has over 20 years of experience in strategy consulting, most recently serving as Managing Director and Strategy Practice Leader at Monitor Deloitte. He has led numerous global engagements across the bio-pharma and medtech sectors, including work with both J&J Medical and J&J Pharma in SEA, India, and the US. Why the Urgency Now? The need for GCCs has become more urgent than ever. The combination of supply chain disruptions, AI-enabled transformation, and the imperative to optimize cost with control is prompting global firms to look beyond traditional outsourcing. India's advantage lies not just in cost - it's in capability. With over 1.5 million engineering graduates annually, the country is fast becoming the world's preferred destination for digital, data, and deep-tech operations. A case in point: an Ohio-based rubber and tire company is setting up its GCC in Hyderabad, with plans to recruit 300 professionals for IT and R&D in 2025. Meanwhile, companies like Best Buy have achieved a 15 per cent reduction in stock holding costs through analytics-driven optimization executed from their Indian GCC. Walmart Global Tech India, which started as a support center, is now a driver of AI, cloud, and data innovation- underscoring the shift from cost centers to strategic assets. From support hubs to innovation engines A modern GCC does far more than transactional work. Enterprises are turning to GCCs for AI/ML, R&D, cloud engineering, product development, risk analytics, and even global employer branding. Lowe's India GCC, for example, has evolved into a core digital hub, leading global work streams in omnichannel retail tech, product engineering, and machine learning. Similarly, Goldman Sachs Services India supports end-to-end enterprise functions from cloud engineering and internal audit to AI-driven investment platforms. Core Functions of a modern GCC: •Technology & Engineering: DevOps, cybersecurity, cloud infrastructure •Finance & Risk: FP&A, compliance, real-time treasury integration •R&D: Product prototyping, quantum computing, 5G •HR: L&D, talent analytics, onboarding systems •Data & Analytics: Predictive modeling, AI dashboards, decision intelligence This value chain integration is making GCCs central to global enterprises' long-term strategy—not just as delivery arms, but as strategic innovation nodes. COCO vs. COPO: The Operating Model Debate GCCs primarily operate under two models: •Company Owned, Company Operated (COCO): Offers full ownership and strategic alignment. Microsoft IDC, established in 1998, is a COCO model that directly drives core development for Windows, Office, and Cloud under Microsoft's global leadership. •Company Owned, Partner Operated (COPO): Allows companies to retain control while outsourcing operations to local experts. Reveleer, a U.S.-based health tech firm, recently launched its Chennai GCC under this hybrid model—balancing IP security with operational agility. 'These operating models aren't just structural choices,' said Sudeep Krishna. 'They reflect how committed an enterprise is to embedding long-term capability, governance, and strategic alignment within its global footprint,' he added. Looking Ahead Global Capability Centers are no longer a tactical decision—they are a strategic imperative. As businesses grapple with talent gaps, AI integration, cost pressures, and geopolitical uncertainty, GCCs offer a future-proof model. Whether it's to build resilience, scale innovation, or enable data-driven decision-making, GCCs offer a rare trifecta: cost efficiency, capability enhancement, and enterprise control. And as India anchors its position as a global innovation partner, GCCs will only become more central to how the world's leading companies operate. (This article is a joint initiative of World Trade Center Shamshabad & Future City and Healthark Insights, as part of a knowledge series supporting Telangana's aspiration to become a $1 trillion economy)
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Business Standard
an hour ago
- Business Standard
US-India trade talks, TCS earnings likely to drive markets this week
Equity investors are up for an eventful trading week ahead as the 90-day suspension period of the reciprocal tariffs announced by US President Donald Trump ends on July 9, analysts said, adding that a positive outcome from the trade negotiations could further lift market sentiment, particularly benefiting trade-sensitive sectors. Besides, Q1 earnings from IT major TCS and foreign fund movement would also dictate sentiment at the Dalal Street, experts said. July 9 marks the end of the 90-day suspension period of the Trump tariffs imposed on dozens of countries, including India. An additional import duty of 26 per cent was announced on Indian goods entering the US. "This week holds significant importance not only for Indian markets but for global equities as well. The most anticipated event is the outcome of the US trade (tariff) deadline on July 9, which could shape global trade dynamics. Investors will also closely monitor the release of the US FOMC (Federal Open Market Committee) minutes on the same day," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Domestically, the spotlight will shift to corporate earnings, with IT major TCS and retail giant Avenue Supermarts among the prominent companies scheduled to report their quarterly results, setting the tone for the Q1 earnings season, he added. Movement in global oil benchmark Brent crude and the rupee-dollar trend would also be monitored by investors this week. "A positive outcome from the US-India trade negotiations could further lift market sentiment, particularly benefiting trade-sensitive sectors like IT, pharma, and auto. Considering the broader indices currently trading at elevated levels, the market participants will closely watch for signs of earnings catch-up from upcoming Q1starting this week," Vinod Nair, Head of Research, Geojit Investments Limited, said. Last week, the BSE benchmark Sensex dropped 626.01 points or 0.74 per cent, and the NSE Nifty declined 176.8 points or 0.68 per cent. "Overall, we expect the market to remain in consolidation mode, awaiting clarity on the India-US trade deal; while stock specific action would continue on the back of Q1 FY26 business updates ahead of the earnings season starting this week," Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. On foreign fund flows, V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said, "Resumption of FII (Foreign Institutional Investors) buying will hinge on two things: One, if a trade deal happens between India and US that will be positive for markets and FII flows; two, Q1 FY26 result indications. If the results indicate earnings recovery, that will be positive. Disappointment on these factors can impact the market and, thereby, FII flows.
