Two Indian manufacturers, Laser Power & Infra Ltd (LPIL) and Indo MIM Ltd, filed draft red herring prospectuses (DRHPs) with the markets regulator Securities and Exchange Board of India (Sebi), setting the stage for initial public offerings (IPOs) that together could raise over Rs 2,200 crore. The filings mark the latest wave of industrial and…
Fintech firm PayNearby is planning an initial public offering (IPO) in the next financial year to boost the next phase of growth. “We have initiated the IPO process and talks with three merchant bankers. We will soon select a merchant banker to proceed with the process,” PayNearby founder, MD and CEO Anand Kumar Bajaj told…
The Securities and Exchange Board of India (SEBI) is preparing to widen institutional participation in the country’s commodity derivatives market, Chairman Tuhin Kanta Pandey said on Wednesday. According to IANS, the regulator will engage with the government on proposals to allow banks, insurance companies and pension funds into the segment, alongside a plan to expand…
The mutual fund industry in India has grown over six times in the last 10 years. Its assets under management (AUM) have jumped from Rs 10.83 lakh crore in March 2015 to Rs 69.5 lakh crore in April 2025, according to information available on the Association of Mutual Funds in India (AMFI) portal. This boom…
At its much-anticipated board meeting on September 12, capital market regulator SEBI introduced the SWAGAT-FI — Single Window Automatic and Generalised Access for Trusted Foreign Investors — framework. The framework is aimed at providing low-risk foreign investors with an easier and faster route to investments on Dalal Street. Here’s a quick take on all major decisions from the market…
Hy-Tech Engineers has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The offer comprises a fresh issue of equity shares of face value Rs 5 each, aggregating up to Rs 700 crore by the company, and an offer for sale of…