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Jio Platforms likely to file DRHP in next few days for mega IPO
Jio Platforms is preparing for its Initial Public Offering. The company is expected to file its Draft Red Herring Prospectus soon. This offering could become India's largest ever. Existing foreign investors are planning to sell a portion of their stakes. The stock market listing is anticipated in the first half of 2026.
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Powerica IPO Day 2: Issue subscribed just 3%; check GMP and key details inside
Powerica IPO saw weak demand on day two, with 3% subscription and retail interest. Grey market premium remains negligible. The company aims to raise Rs 1,100 crore, with proceeds for debt repayment, while brokerages recommend long-term subscription despite modest growth.
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CMPDI IPO allotment: Did you receive Coal India subsidiary's shares? Check status, GMP, issue timeline
Central Mine Planning & Design Institute Ltd (CMPDI) IPO share allotment is expected today. The Rs 1,842 crore Offer for Sale (OFS) saw full subscription, driven by Qualified Institutional Buyers. Investors can check their allotment status on BSE or the registrar's website.
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Vivid Electromech IPO: Check price band, GMP, other details
Vivid Electromech's IPO, aiming to raise Rs 130.54 crore, opened for subscription on Wednesday. The company plans to utilize funds for a new manufacturing unit, debt repayment, and working capital. The issue includes both fresh equity and an offer for sale by promoters. Grey market indicators suggest a flat listing.
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Railway infrastructure provider Laxyo files Rs 150 cr IPO papers
Laxyo Ltd, an EPC services provider for railway infrastructure, has filed preliminary papers with Sebi for a Rs 150 crore IPO. The company plans to use the funds for debt payment, equipment purchase, and working capital.
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Mukesh Ambani's Reliance Jio in talks to offload individual investor stakes by 8% in upcoming IPO: Report
Reliance Jio Platforms is in talks with 13 foreign investors, including Meta and Google, to sell down 8% of their individual stakes in an upcoming Mumbai IPO. This stake sale, expected to be between 2.5% to 3% of total shares, aims to offer value to retail investors. The telecoms-to-AI giant is preparing to file for IPO approval this week.
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