Latest news with #Pre-IPO
Business Insider
5 days ago
- Business
- Business Insider
Plume and Colb Finance Partner to Bring Pre-IPO Equities Onchain
New York, United States, July 17th, 2025, Chainwire Expanding tokenized access to premium private markets through blockchain-native infrastructure Plume, the first full-stack chain and ecosystem purpose-built for real-world asset (RWA) finance, has partnered with Colb Finance to bring tokenized Pre-IPO equity opportunities onchain. Colb joins the Plume ecosystem to bring real-world asset access previously limited to private markets onchain, starting with Pre-IPO equities, wealth management strategies, and institutional-grade financial products, all tokenized on Plume's chain. 'Plume's focus on strengthening the value of real-world assets centers on providing institutional-grade products as part of a complete suite of RWAs onchain. Together, Plume and Colb are delivering the transparency and security institutions and investors expect from their portfolios while expanding access through DeFi,' said Chris Yin, CEO and Co-Founder of Plume. The integration also brings $USC into the Plume ecosystem. $USC is Colb's 1:1 USD-backed stablecoin, designed for security and simplicity. It powers all asset flows across Colb, from subscriptions and redemptions to fiat conversions. 'The Web3 community deserves more than speculative tokens. It needs infrastructure that unlocks access to real world assets. Colb and Plume are building that foundation. By bringing institutional-grade RWAs to Plume, we're enabling blockchain-native users to own, access, and interact with investments as code, not paper,' said Yulgan, Co-Founder of Colb Finance. Colb is already working with respected partners like NS Partners and Arbra, and brings deep expertise in bridging private market strategies into tokenized formats. This integration strengthens Plume's growing RWA ecosystem and opens new doors for blockchain-native users seeking access to tangible opportunities. About Plume Plume is the first full-stack blockchain and ecosystem dedicated to real-world asset finance. With 200+ projects building on its EVM-compatible infrastructure, Plume makes it simple to tokenize and integrate real-world assets into DeFi applications, enabling anyone to interact with global financial markets through intuitive, onchain tools. Users can learn more at Colb is building the protocol layer for tokenized private markets. Through a non-custodial platform, Colb enables onchain access to curated investment strategies, Pre-IPO opportunities, and institutional-grade financial products. From liquid vaults to cross-border stablecoin rails, Colb is redefining how capital allocates and grows in an open financial system.
The Hindu
27-06-2025
- Business
- The Hindu
Home furnishing firm Wakefit files DRHP to raise ₹468 crore via fresh issue
Wakefit Innovations Limited, a D2C home and furnishings firm based in Bengaluru, has filed the draft red herring prospectus (DRHP) with the capital markets regulator SEBI to raise ₹468 crore through an initial public offering (IPO). According to the DRHP, the proposed IPO is a combination of a fresh issue of equity shares aggregating up to ₹468.2 crore and an offer for sale (OFS) of 5,83,99,085 equity shares (5.83 crore shares) by the selling shareholders. As part of the OFS, the promoters, Ankit Garg and Chaitanya Ramalingegowda and Other Selling Shareholders including Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP, Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund and Paramark KB Fund I will be offloading their shares. According to the filing, Wakefit proposes to utilise the net proceeds from the Fresh Issue towards funding of capital expenditure worth ₹82 crore for setting up of 117 new COCO – Regular Stores and one COCO – Jumbo Store; ₹15.4 crore towards capex for purchase of new equipment and machinery; ₹145 crore towards expenditure towards lease, sub-lease rent and license fee payments for existing stores; ₹108.4 crore towards marketing and advertisement expenses for enhancing the awareness and visibility of the brand and the remaining amount will be used for general corporate purposes. The company, in consultation with the BRLMs, may consider a Pre-IPO Placement aggregating up to ₹ 93.6 crore, before filing of the Red Herring Prospectus with the ROC. If the Pre- IPO Placement is undertaken, then the fresh issue will be reduced to the extent of such Pre-IPO placement, it informed. Wakefit, set up in 2016, reported revenue from operations of ₹ 986.3 crore in FY24. Axis Capital Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers to the issue. The equity shares of the company are proposed to be listed on the BSE and the NSE.
Business Recorder
18-06-2025
- Business
- Business Recorder
KE to offer Rs3bn Sukuk through public subscription
K-Electric Limited, the country's only vertically integrated power utility, plans to offer the Sukuk through a public offering. 'PSX is pleased to inform all concerned that KE, a listed company on the Exchange, has applied for listing of its rated, unsecured, short-term Sukuk Certificates on the Exchange,' said PSX, while sharing the KE's prospectus. The total issue size is Rs 3,000 million, out of which Rs 1,000 million have been issued to Pre-IPO investors and Rs 2,000 million are being issued to the general public, inclusive of the green-shoe option of Rs 1,000 million, through a public offer. The Sukuk Certificates will be offered in denominations of Rs 10,000/- or multiples of Rs 10,000/-, with a minimum investment requirement of Rs 50,000/-, i.e. for 5 Sukuk Certificates. April FCA: KE seeks Rs4.69/unit negative adjustment K-Electric is principally engaged in the generation, transmission and distribution of electric energy under the Electricity Act, 1910 and the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 (XL of 1997) read with the NEPRA. KE shared that the primary purpose of utilisation of the Sukuk Issue proceeds is to fund routine working capital requirements of the company that primarily arise due to timing differences between outflows and the requisite inflows. 'Working capital requirements include fuel payments and power purchases, which will be partially funded by the proceeds from this financial instrument,' read the prospectus. The company shared that it has prepared a network investment plan of $2 billion for the period FY24 to FY30, focused on expanding grid infrastructure, reducing technical losses, and boosting renewable energy's share to 30%. It is currently developing over 600 MW in solar and hybrid projects, with support from the Government of Sindh and private partners. Additionally, the company has secured new power purchase and subsidy agreements with the Government of Pakistan, aimed at streamlining power offtake and improving cash flows.
Entrepreneur
04-06-2025
- Business
- Entrepreneur
360 ONE Asset Invests INR 170 Cr in Paras Healthcare
The funding will aid Paras Healthcare's expansion plans, aimed at enhancing access to affordable, high-quality healthcare in tier I and tier II cities. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. 360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, announced that it has invested INR 170.60 crore in Paras Healthcare, a prominent multispecialty hospital chain in North India. This investment marks the asset manager's seventh investment in India's healthcare services sector through its funds and aligns with its market-leading Pre-IPO strategy. The transaction includes both primary capital infusion to support growth and a secondary component, enabling a partial exit by an existing investor. The funding will aid Paras Healthcare's expansion plans, aimed at enhancing access to affordable, high-quality healthcare in tier I and tier II cities. Founded by Dr Dharminder Nagar, Paras Healthcare currently operates over 2,000 beds across eight hospitals, with a focus on accessible, affordable medical care through an asset-light business model and strong unit economics. The hospital chain has built a strong reputation for delivering quality healthcare while addressing the growing demand in underserved regions. Umesh Agrawal, Senior Fund Manager and Strategy Head – Financial Services and Industrials, 360 ONE Asset, said, "This marks our seventh investment in the Indian healthcare services segment, reaffirming our strong conviction in the sector's long-term potential. We are proud to partner with Paras Healthcare in expanding access to affordable quality care to under-served customers. This investment is also the latest from our market-leading Pre-IPO strategy." With an AUM of ~USD 10 billion, 360 ONE Asset is one of India's leading asset management firms. Its Venture Capital and Private Equity platform manages over USD 3 billion and focuses on sectors like healthcare, technology, financial services, and consumer industries. The firm offers a comprehensive suite of products including AIFs, PMS, and MFs across public and private markets.
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Business Standard
27-05-2025
- Business
- Business Standard
Fusion CX files IPO papers with Sebi; seeks to raise Rs 1,000 crore
Fusion CX proposes to utilize proceeds of the fresh issue to the tune of Rs 292 crore for payment of debt, Rs 75 crore towards investment in step-down subsidiaries Press Trust of India New Delhi Fusion CX Ltd, a customer experience service provider, has filed preliminary papers with Sebi seeking its nod to raise Rs 1,000 crore through an initial public offering (IPO). The Kolkata-headquartered firm's IPO comprises fresh issue of equity shares aggregating up to Rs 600 crore and an Offer for Sale (OFS) of equity shares valued Rs 400 crore, according to the draft red herring prospectus (DRHP) filed on Monday. The OFS comprises stake sale by promoters P N S Business Private Ltd and Rasish Consultants Private Ltd. Besides, the company may raise up to Rs 120 crore in a Pre-IPO placement round. If such an initiative is completed, the fresh issue size will be reduced. Fusion CX proposes to utilize proceeds of the fresh issue to the tune of Rs 292 crore for payment of debt, Rs 75 crore towards investment in step-down subsidiaries - Omind Technologies Inc and Omind Technologies Private Limited - for upgrading IT tools. Additionally, funds will be used for pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. Fusion CX is a customer experience (CX) service provider delivering high-end, complex, and integrated CX services across multiple channels including voice, email, chat, social media and message, and focused on key verticals such as telecom, high-tech growth and travel, BFSI, retail and healthcare. Incorporated in 2004, Fusion CX blends deep domain expertise with a portfolio of proprietary AI tools to enable intelligent, multilingual, and omnichannel engagement at scale through a broad spectrum of generative AI-driven technologies that enhance customer engagement, operational efficiency, and digital transformation. It has developed a multilingual global network with 40 delivery centers spread across 15 countries as on December 31, 2024. On the financial front, Fusion CX reported a revenue from operations of Rs 991 crore and a profit after tax (PAT) of Rs 36 crore in FY24. Nuvama Wealth Management, IIFL Capital Services and Motilal Oswal Investment Advisors are the book running lead managers to the issue. The equity shares are proposed to be listed on BSE and NSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
