Upcoming IPO: Indira IVF Hospital files for public offer via confidential route
This public announcement is being made to inform the public that the company has filed the pre-filed DRHP with SEBI in relation to the proposed initial public offering of its equity shares on the mainboard of the Stock Exchanges, Indira IVF said, according to the advertisement.
The confidential route allows companies to submit draft IPO papers to Sebi for feedback without making the details public, giving them greater flexibility on timing and disclosure.
According to a Bloomberg report on Tuesday, Indira IVF's IPO size could be around ₹ 3500 crore.
The deal won't involve the issue of new stock as existing shareholders will be selling their holdings, the Bloomberg report added. The report further added that EQT will likely offload ₹ 2,900 crore of shares via the public offer, and three members of the founding family — Ajay Murdia, Kshitiz Murdia and Nitiz Murdia — will each sell shares worth ₹ 200 crore.
Indira IVF withdrew its IPO draft filed in February after concerns arose from SEBI about the timing, as it coincided with the release of a Bollywood biopic on its founder.
Founded in 2011, the company runs over 155 fertility centres and collaborates with 315 IVF specialists across India, based on its earlier prospectus submitted in September 2024.
Meanwhile, according to media sources Gaudium IVF and Women Health, another prominent player in the fertility care space, is also preparing to refile its DRHP in the immediate future, as part of its continued efforts to tap into capital markets and fuel its next phase of growth.
Several companies like INOX Clean Energy, Shadowfax Technologies, Shiprocket, Tata Capital and PhysicsWallah and boAt among others have chosen to file IPO papers via confidential route.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
17 minutes ago
- Deccan Herald
Air India probe finds no issues with fuel control switches on Boeing 787s: Report
India's Directorate General of Civil Aviation (DGCA) had said it issued an order to investigate locks on several Boeing models, including 787s and 737s, after several Indian and international airlines began making their own inspections of fuel switches.
Indian Express
17 minutes ago
- Indian Express
Farmers' body warns against US deal, says protests will 'intensify' if concerns ignored
The Indian Coordination Committee of Farmers Movements (ICCFM), a network of farmers' organisations across 11 states including Uttar Pradesh, Haryana, Punjab, Karnataka, Tamil Nadu and Maharashtra, has urged the government to exclude all aspects of agriculture from the US trade deal in order to protect the interests of Indian farmers. 'If the Indian government moves forward with trade deals that overlook critical issues affecting our farmers, movements like ours will be compelled to intensify our protests against such anti-farmer policies. However, we are hopeful that the same sentiment which led India to wisely withdraw from the RCEP trade negotiations will prevail in this case as well,' the farmers' body said in a statement to the government amid ongoing negotiations. In a letter to Commerce Minister Piyush Goyal, the ICCFM warned that granting duty-free access to US agricultural products under a trade agreement could have serious consequences. It noted that the US has been engaged in a trade war with China, Mexico, and Canada since 2018, which has severely affected its agricultural exports. 'The US trade deficit in agriculture has nearly doubled, indicating a significant surplus they may seek to offload onto markets like India. For example, soybean exports from the US dropped from $34.4 billion in 2022 to $24.5 billion in 2024, while corn exports fell from $18.6 billion to $13.9 billion during the same period,' the letter stated. The ICCFM further emphasised the risk to Indian farmers, stating that the US government is among the world's largest agricultural subsidisers. The 2024 Farm Bill has allocated a staggering $1.5 trillion towards farm subsidies. These substantial supports not only restrict agricultural imports into the US but also enable American products to enter export markets at artificially low prices. Allowing such heavily subsidised US imports into India, the ICCFM argued, would undermine India's longstanding position at the World Trade Organization (WTO) against these very subsidies. Notably, a recent report by the State Bank of India (SBI) cautioned that opening India's dairy sector to US imports could result in an annual loss of Rs 1.03 lakh crore to Indian dairy farmers. The report highlighted that milk prices in India could drop by at least 15 per cent if the sector is opened up, significantly affecting the livelihoods of small dairy farmers due to the heavily subsidised US dairy industry. The farmers' body also criticised the US for threatening Indian farmers' livelihoods at the WTO by challenging the modest support provided by the Indian government through public procurement schemes, citing alleged violations of WTO rules. 'This is despite the glaring lack of a level playing field. The US Farm Bill 2019 alone allocated $867 billion in subsidies for American farmers, whereas an OECD study indicates that the aggregate Producer Support Estimate for Indian farmers was a negative 14 per cent over 2000–2016,' the letter stated. On the issue of edible oil, the ICCFM pointed out that the US is the world's third-largest exporter of soybean oil. 'India, once self-sufficient in edible oil, now imports nearly 70 per cent of its requirements due to anti-farmer trade policies. On 31 May, India halved the import duty on crude palm oil, soybean oil, and sunflower oil—from 20 per cent to 10 per cent—citing inflation. This duty cut, ostensibly made in the name of a Free Trade Agreement (FTA), primarily benefits large importers who dominate the import and processing of crude edible oil,' the letter stated. While former US President Donald Trump supported large American agribusinesses, India's leadership must protect its small-scale producers who feed the nation, the farmers said, adding that India has the capacity to produce more edible oil, and lowering import duties only undermines domestic cultivation—benefiting corporations at the expense of Indian farmers. Ravi Dutta Mishra is a Principal Correspondent with The Indian Express, covering policy issues related to trade, commerce, and banking. He has over five years of experience and has previously worked with Mint, CNBC-TV18, and other news outlets. ... Read More
&w=3840&q=100)
Business Standard
17 minutes ago
- Business Standard
SBI eyes ₹25,000 crore via record QIP, sets floor at 2.5% discount
State Bank of India (SBI), the largest lender in the country, has launched a share sale to institutional investors to raise upto ₹25,000 crore, the biggest qualified institutional placement (QIP) so far by an Indian firm, and has set a floor price of ₹811.05, which is at a 2.5 per cent discount on Wednesday's closing price. Separately, the bank's board approved another ₹20,000 crore fund raise by issuing bonds. Life Insurance Corporation, Singapore's GIC, Capital International, and ICICI Prudential AMC are some of the investors in the share sale, investment-banking sources said. This is the first QIP by the banking major since 2017, when it had raked in ₹15,000 crore. The fund raise, aimed at supporting growth, will add over 60 basis points to its capital adequacy ratio, which was 14.25 per cent as on March 31, 2025, analysts said. The government holds 57.43 per cent in SBI, and that is likely to come down to about 55 per cent after the share sale. 'The issue price will be determined in consultation with book running lead managers,' it said, adding it might offer a discount of not more than 5 per cent on the floor price calculated for the issue. Citigroup Global Capital Markets, Morgan Stanley India, HSBC Securities, ICICI Securities, Kotak Investment Banking, and SBI Caps are the issue's lead managers. SBI's market capitalisation has gone up from ₹3.25 trillion at the end of March 2021 to ₹7.13 trillion at the end of March 2025, according to its 'Analysts Presentation' for 2024-25. Market capitalisation based on Wednesday's closing price was ₹7.42 trillion. The bank's board, which met on Wednesday, approved issuing Basel III-compliant Additional Tier-I and Tier-II bonds, up to ₹20,000 crore to domestic investors during FY26. The fund raise is subject to the Government of India's approval, SBI informed the stock exchanges. SBI's capital adequacy ratio stood at 14.25 per cent with Common Equity Tier-I of 10.81 per cent, Additional Tier-I of 1.3 per cent, and Tier-II of 2.14 per cent and as of March 2025, according to the Annual Report for FY25. Its advances grew 12.03 per cent year-on-year (Y-o-Y) in FY25 to ₹42.21 trillion and deposit books 9.48 per cent Y-o-Y to ₹53.82 trillion in FY25. According to the Reserve Bank of India's data, SBI's market share in aggregate domestic deposits was 22.60 per cent and that in aggregate domestic advances was 19.72 per cent at end of March 31, 2025. Its risk-weighted assets rose to ₹36.49 trillion at the end of March 2025 from ₹32.22 trillion a year earlier.
