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New Indian Express
4 days ago
- Business
- New Indian Express
120 IPO filings worth Rs 1.6 trillion flood Sebi in H1
MUMBAI: Despite the market in jitters due to the likelihood of a poor earnings season and the lingering uncertainty on trade tariffs that the US is pushing on all directions with frequently changing goalposts, companies are swamping the IPO market like there is no tomorrow—as many as 120 companies from diverse sectors--have filed for primary share sales with the watchdog Sebi in the first half of this year worth a whopping Rs 1.6 trillion fundraise plans. The filing of draft red herring prospectuses (DRHPs) has picked up an unprecedented pace in the first half of 2025 by as much as 60% to a planned fundraise of Rs 1.6 trillion, as against Rs 1 trillion in the comparative period in 2024, according to investment bankers. Investment bankers attribute the frenetic IPO filing to the 'very attractive valuations' now, coupled with the return of the foreign funds to secondary market. And they expect the remainder of the year to be more robust than the first half, both in terms of more filings as well as in actual launches. The primary issuance/IPO market was lukewarm in the first four months of 2025, with only 10 companies raising Rs 18,704 crore. But the Street got busier from May, which continued into June, which saw most of the major issues including HDB Financial's Rs 12500 crore. This came after March saw not a single issue—a first month in nearly two years, while April saw just one issue. The IPO drought was the after-effects of the massive selloffs in the secondary market beginning October 2024, due to litany of factors, led by the Donald Trump tantrums as he was set to sweep the November polls in the US. But companies continued to file offer documents even in months when there were no IPOs. During first half of the year, as much as 118 companies have filed the offer documents, compared to just 52 during the same period in 2024. Cumulatively they are looking to raise is Rs 1.6 trillion, compared to Rs 1 trillion a year ago. Some of the major issues awaiting Sebi nod are the following: National Securities Depository, which would mostly be an OFS, Filings that are in/about to hit the market include Anthem Biosciences' Rs 3,395 crore issue opening next week, Travel Food Services (Rs 2,000 crore closed last week), Kalpataru's Rs 1,590 crore issue in June, Oswal Pumps (Rs 1,387 crore issue in June), Schloss Bangalore (Rs 3,500 crore in May), Belrise Industries (Rs 2,150 crore issue in May), and Ather Energy ( Rs 2984 crore in April-May). Already the year has seen some large issues such as HDB Financial's Rs 12,500 crore last month, making it the largest so far in the non-banking lenders space. But the forthcoming issue of Tata Capital will dwarf this as the Tata firm is planning an issue upwards of Rs Rs 17,500 crore. Both these issues are driven by an RBI mandate to large shadow banks to go public before the end of this September. Among the marquee names which have filed the offer documents this year are the largest brokerage Groww, payments gateway Pine Labs, Waterways Leisure Tourism that operates Cordelia Cruises, Lalitha Jewellery, Canara Robeco Asset Management, and PhysicsWallah, among others.
Business Standard
5 days ago
- Business
- Business Standard
Cosmo First fixes record date for payment of dividend
Record date is 28 July 2025Cosmo First has fixed 28 July 2025, as the Record Date for the payment of dividend and same shall be paid on or before 03 September 2025 to members whose names appear on the Register of Members and the beneficial owners as per details received from National Securities Depository and Central Depository Services (India). Powered by Capital Market - Live News
Bloomberg
6 days ago
- Business
- Bloomberg
Indian IPOs Set to Raise Up to $18 Billion in Second-Half Surge
India's primary market is set for a strong rebound after a slow start to the year, with up to $18 billion expected to be raised through initial public offerings in the second half of 2025, according to Jefferies Financial Group. Among the most anticipated listings is Tata Capital Ltd., which is gearing up for a $2 billion IPO. Other high-profile names in the pipeline include ICICI Prudential Asset Management Co., National Securities Depository Ltd. and LG Electronics India, reflecting a lineup spanning financial services, consumer goods, and capital market infrastructure. In the first half of the year, Indian IPOs raised about $5.3 billion, according to
Bloomberg
11-06-2025
- Business
- Bloomberg
Indian Depository NSDL Is Said to Plan $400 Million IPO for July
National Securities Depository Ltd. is pressing ahead with its plan for an initial public offering that is expected to raise about $400 million, according to people familiar with the matter. The proposed listing of India's oldest depository, which was initially cleared by the market regulator in October last year, is now slated to take place as soon as July, according to the people, who asked not to be named as the information is private.
India Today
07-05-2025
- Business
- India Today
Explained: Why foreign portfolio investors are buying Indian financial stocks
Foreign portfolio investors (FPIs) turned strong buyers of Indian financial stocks in April, marking a sharp reversal in sentiment after months of caution. Data from the National Securities Depository shows FPIs bought Rs 18,409 crore ($2.18 billion) worth of shares in the sector last month, propelling the Nifty Financial Services index to a 4.1% gain. The second half of April alone saw $2.71 billion in FPI inflows—the highest-ever for a fortnight, and the third-highest monthly inflow on record for the financial sector. This influx helped foreign investors post their first net buying month in 2025, sending the benchmark Nifty 50 index up 3.5%. Bajaj Broking attributed the buying spree to easing global trade tensions, hopes of a US–India trade agreement, and attractive valuations in Indian equities. The US government's move to pause reciprocal tariffs on April 9 and signals of an imminent bilateral trade deal also lifted sentiment. Strong quarterly results from India's top private lenders—HDFC Bank and ICICI Bank—further boosted FPI interest, according to analysts. The financial sector's robust earnings stood in contrast to the information technology space, which saw outflows of $1.8 billion as global demand concerns deepened. Telecom and consumer stocks also attracted foreign interest in April, but most other sectors witnessed outflows. Ambit Capital warned that policy uncertainty due to US tariffs, combined with slowing growth in the US, UK, and EU, could weigh on IT margins and demand through FY2026.
