Latest news with #BSE
Mint
an hour ago
- Business
- Mint
Foodlink F&B Holdings files DRHP with SEBI for raising funds via IPO
Foodlink F&B Holdings (India), a catering and food retail chain company, has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). Foodlink F&B Holdings IPO is a mix of fresh issue of equity shares of up to ₹ 160 crore and an offer-for-sale (OFS) component of over 1,19,53,535 shares by promoters and investor selling shareholders, according to the draft red herring prospectus (DRHP). The company's promoters - Ankita Chugh, Trans Global Hotels LLP and Sanjay Manohar Vazirani - will offload their stakes as a part of the OFS in the Foodlink F&B Holdings IPO. Arpit Khandelwal, V'Ocean Investments, Oaks Asset Management, Aarkay Investments, Welspun Group Master Trust through its trustee Balkrishan Goenka; Aarin Capital Partners through T V Mohandas Pai and Ranjan Ramdas Pai; and Bona Terra Greenhouses LLP are other investors who will divest their holdings in the company, the DRHP showed. Foodlink F&B Holdings said it may undertake a pre-IPO placement round to raise around ₹ 32 crore. If such a placement is undertaken, then the size of the fresh issue will be reduced. As per the DRHP, the company proposes to utilise the net proceeds from the fresh issue towards setting up two new centralised kitchens and investment in its material subsidiary Foodlink Global Restaurants & Catering Services for setting up four new casual dining restaurants. Funds will also be used for repayment of debt and general corporate purposes. Foodlink F&B Holdings shares are proposed to be listed on both the stock exchanges, BSE and NSE. Equirus Capital and JM Financial are the book running lead managers while MUFG Intime India is the Foodlink F&B Holdings IPO registrar. Mumbai-based Foodlink F&B Holdings (India) is a global luxury food services business focused on providing curated culinary experiences. Its business model comprises events catering, casual dining restaurants & cloud kitchens, and banquets and integrated F&B services. In the events catering business its clientele include Hardcastle Restaurant (master franchisee operator McDonald's in western and southern India), Zee Entertainment and Greenply. It operates 30 casual dining restaurants and cloud kitchens through its flagship brands such as India Bistro, Art of Dum, China Bistro, and Glocal in India and the United Arab Emirates. For the nine-month period ended December 31, 2024, Foodlink F&B Holdings reported a revenue from operations of ₹ 306.38 crore and profit after tax of ₹ 7.39 crore. Disclaimer: 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.
Economic Times
2 hours ago
- Business
- Economic Times
IPO watch: Which Indian startups are next to hit the stock market?
The last few months have seen a surge in startups and new-age internet firms preparing for initial public offerings (IPOs), with some already filing their draft papers and others nearing completion of the process. Wakefit, a mattress and furniture maker, and Pine Labs, a merchant payments company, are the latest in the series of firms to file their IPO papers. The companies poised to enter the stock market belong to a wide range of sectors, from fintech to consumer goods and logistics. Here's a list of the companies in the run and their IPO plans: Companies that have filed IPO papers Wakefit: The company filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), aiming to raise Rs 468 crore through a fresh issue. The funds will be used to open 118 new retail outlets and upgrade existing ones. The IPO also includes an offer-for-sale (OFS) component. Groww: This online investment platform has filed its DRHP confidentially. The IPO is estimated to be worth $700 million to $1 billion, and the shares will be listed on the NSE and BSE. Pine Labs: The Noida-based payments company is looking to raise Rs 2,600 crore through a fresh issue and an OFS of up to 147.8 million shares. It is backed by major investors like Mastercard, PayPal, and Temasek and is targeting a valuation of $4–$5 billion. Also Read: Decoding Pine Labs' DRHP: Fintech aims to raise Rs 2,600 crore via an IPO Shiprocket: Backed by Zomato and Temasek, this ecommerce enablement platform filed its IPO papers confidentially in May. It aims to raise Rs 2,000–2,500 crore, including a fresh issue of Rs 1,000–1,100 crore. Urban Company: The at-home services platform filed its DRHP in April for a Rs 1,900 crore IPO. This includes a Rs 429 crore fresh issue and a Rs 1,471 crore OFS by investors like Accel and Tiger Global. Boat: The parent company, Imagine Marketing, filed confidential IPO papers earlier this year. The company, however, said that this doesn't necessarily mean that it will launch the IPO. Boat is likely targeting a valuation exceeding $1.5 billion, which may change closer to the IPO filing date. Capillary Technologies: The customer engagement and loyalty provider filed for an IPO, including a Rs 430 crore fresh issue and an OFS of 18.3 million shares. This marks its second attempt at going public after shelving plans in 2021. Companies preparing to file IPO papers Meesho : The ecommerce platform has received shareholder approval to raise Rs 4,250 crore (about $500 million) through a fresh issue. Having recently shifted its domicile back to India, it is expected to file its DRHP in the next few weeks. Lenskart: Back in February, ET reported that the eyewear brand is planning a $1 billion IPO, with a target valuation of around $10 billion. The SoftBank-backed company has already converted into a public limited entity. Shadowfax: ET reported on Friday that this logistics startup plans to file its DRHP confidentially within a month. The IPO is expected to raise Rs 2,000–2,500 crore, with around half as a fresh issue. Zetwerk: The manufacturing unicorn plans to go public within the next 12 to 24 months and will start preparations for its listing in the ongoing fiscal year, founder and chief executive Amrit Acharya told its employees in April. PhonePe: The digital payments giant is aiming for a $1.5 billion IPO later this year, with plans to file its DRHP by August. The expected valuation is around $15 billion, up from $12 billion in 2023.
Business Standard
2 hours ago
- Business
- Business Standard
BHEL bags LoA for Rs 6,500 crore thermal project from Adani Power
Bharat Heavy Electricals (BHEL) said that it has received a letter of award (LoA) from Adani Power (APL) for setting up six thermal units of 800 MW. As per the terms of the contract, the company would supply the equipment (steam turbine generator along with auxiliaries) and supervise the erection & commissioning for six thermal units. The total value of these contracts is Rs 6,500 crore, the company stated. Navratna PSU Bharat Heavy Electricals (BHEL) is India's largest engineering and manufacturing enterprise in the energy and infrastructure sectors. It is a leading power equipment manufacturer globally. As of 31 March 2025, the Government of India held a 63.17% stake in the company. The scrip shed 0.21% to end at Rs 264.05 on the BSE yesterday.
Hans India
2 hours ago
- Business
- Hans India
Benchmarks extend rally for 4th session; FIIs drive gains
Mumbai:Equity benchmark indices Sensex and Nifty advanced for the fourth straight session on Friday, supported by buying in blue-chips ICICI Bank and Reliance Industries amid fresh foreign fund inflows. A strengthening rupee against the US dollar and softening crude oil prices in international markets also boosted investor confidence, according to traders. The BSE Sensex climbed 303.03 points or 0.36 per cent to reclaim the 84,000 level and settle at 84,058.90. During the day, it jumped 333.48 points or 0.39 per cent to 84,089.35. As many as 2,251 advanced, while 1,760 declined and 154 remained unchanged on the BSE. On the similar lines, the 50-share NSE Nifty rose 88.80 points or 0.35 per cent to 25,637.80. On the weekly front, the BSE benchmark surged 1,650.73 points or 2 per cent, and the Nifty climbed 525.4 points or 2 per cent. 'Benchmark indices Nifty and Sensex closed on a firm footing on Friday, capping off the week with robust gains. The rally was underpinned by de-escalation in geopolitical tensions post the Israel-Iran ceasefire and growing optimism surrounding a prospective US-India trade pact, which acted as key macro tailwinds. On a weekly basis, both frontline indices logged gains of 2 per cent,' according to Bajaj Broking market commentary. From the Sensex pack, Asian Paints, UltraTech Cement, Power Grid, ICICI Bank, Reliance Industries, Hindustan Unilever, Bharat Electronics and Sun Pharma were among the major gainers.
Business Standard
5 hours ago
- Business
- Business Standard
Rattanindia Ent board to mull fund raising plan on 2 July
Rattanindia Enterprises said that its board is scheduled to meet on Wednesday, 2 July 2025, to consider raising funds through a rights issue or any other permissible mode. The said funds will be utilized to accelerate the growth of the company. RattanIndia Enterprises serves as the growth engine of the RattanIndia Group dedicated to pioneering new-age businesses. With a focus on innovative technologies, RattanIndia Enterprises is driving the transformation of various industries, including Electric Mobility (Revolt Motors), E-commerce (Cocoblu Retail), Fashion brands (Neo Brands), Fintech (WeFin), and Drones (Neosky), with the goal of positively impacting the lives of millions of Indians. The companys consolidated net loss widened to Rs 355.89 crore in Q4 FY25 as compared with net loss of Rs 81.29 crore in Q4 FY24. Net sales jumped 16.2% YoY to Rs 1,504.56 crore in Q4 FY25. The counter jumped 4.48% to end at Rs 63.23 on the BSE.
