06 Oct 2025

Infra.Market, an online marketplace for construction materials, has filed for an IPO worth between INR 4,500 crore and INR 5,500 crore using SEBI's confidential route. The public offering will be equally divided between a fresh issue of shares and an offer-for-sale by existing investors. Founded in 2016, the company supplies materials like concrete, steel, plywood, and electrical appliances to developers and contractors. Recently, it raised INR 732 crore from promoters and investors, valuing the business at around USD 2.8 billion. Infra.Market ended FY25 with revenue of INR 18,000 crore and net profit of INR 300 crore.Read more

06 Oct 2025

WeWork India Management Ltd's IPO opened with a 4 per cent subscription on the first day, receiving bids for 11.1 lakh shares against 2.54 crore shares on offer. Retail investors subscribed 14 per cent, while qualified institutional and non-institutional categories saw minimal participation at 2 per cent each. The Rs 3,000-crore offer for sale, entirely by existing shareholders including Embassy Buildcon LLP and WeWork Global's Ariel Way Tenant Ltd, is intended to enhance visibility, provide liquidity to shareholders, and establish a public market for WeWork India shares without raising funds for the company.Read more

06 Oct 2025

Tata Capital has fixed the price band for its upcoming initial public offering (IPO) at INR 310-326 per share, nearly 5% lower than its recent rights issue price of INR 343. The move aims to attract wider retail participation while balancing institutional interest. The IPO, expected to raise up to INR 15,512 crore, will be the largest issue of the year. Proceeds will strengthen the company's Tier-1 capital base and fund future lending growth. This marks the Tata Group's second listing in recent years after Tata Technologies.Read more

06 Oct 2025

India's markets regulator, the Securities and Exchange Board of India (SEBI), clarified that it is not planning to bring family offices under its regulatory oversight. The statement came after a Bloomberg report suggested that SEBI was considering requiring family offices to disclose their entities, assets, and investment returns, and potentially creating a separate regulatory category for them. SEBI stated that these media reports are factually incorrect and confirmed that it is not examining or pursuing the matter at present.Read more

06 Oct 2025

Tata Capital has raised INR 46.42 billion (USD 523 million) from anchor investors, including LIC and Norway's sovereign wealth fund, ahead of its USD 1.75 billion IPO - one of India's largest this year. LIC invested INR 7 billion, while Norway's wealth fund bought shares worth INR 1.25 billion, allotted at INR 326 each, the upper end of the price band. The IPO, opening October 6 and listing October 13, includes a fresh issue of 210 million shares and an offer for sale of 265.8 million shares by Tata Sons and IFC. Anchor investors will hold around 30% of the 475.8 million shares on offer.Read more

06 Oct 2025

Runwal Realty aims to raise up to INR 2,000 crore through an IPO, consisting of a fresh issue of INR 1,700 crore and an OFS of INR 300 crore, with a possible pre-IPO placement of INR 340 crore. The company plans to use the proceeds to repay outstanding debt of INR 3,304 crore and fund general corporate purposes. Established in 1978, Runwal Realty has completed 35 projects and is developing 17 ongoing projects, with 24 upcoming projects spanning 35.15 million square feet across Mumbai and Pune, including a new venture into hospitality.Read more

06 Oct 2025

Corporate Affairs Secretary Deepti Gaur Mukerjee has urged insolvency professionals and valuers to adopt a robust self-regulating mechanism, stressing that the Insolvency and Bankruptcy Code (IBC), introduced in 2016, carries high expectations for market-linked, time-bound resolutions of stressed assets. Speaking at the ninth annual day of the Insolvency and Bankruptcy Board of India (IBBI) in New Delhi, she observed that while a Code of Conduct exists, its impact remains limited and professionals must focus on introspection and self-regulation rather than policing. Currently, India has 4,500+ registered insolvency professionals and 6,000 valuers under the Code. IBBI Chairperson Ravi Mital noted that more than 100,000 homebuyers have benefitted from real estate resolutions and that 125 amendments to regulations, upheld by courts, reflect the Code's ongoing evolution and credibility.Read more

06 Oct 2025

Ashoka Buildcon, through its subsidiary Viva Highways Limited (VHL), has acquired a majority stake in Jaora Nayagaon Toll Road Company (JTCL) by purchasing 74,620,000 equity shares from Macquarie SBI Infrastructure Investments Pte Limited and SBI Macquarie Infrastructure Trust for INR 166.59 crore. This acquisition increases Ashoka Buildcon's holding in JTCL to 61.17 %. JTCL, incorporated in 2007, has a concession from Madhya Pradesh for upgrading 125-250 km of State Highway 31 on a Build-Operate-Transfer basis. The company reported a total income of INR 265.50 crore and a net worth of INR 639.89 crore in the latest fiscal year.Read more

05 Oct 2025

Ashok Leyland announced that its total vehicle sales registered a year-on-year rise of 9 per cent in September. The company revealed that domestic sales increased by 7 per cent, with notable contributions from both heavy and light commercial vehicles. While medium and heavy commercial vehicles posted modest growth, light commercial vehicles saw a stronger double-digit rise, highlighting continued demand across categories.Read more

03 Oct 2025

The Reserve Bank of India has maintained its policy interest rate at 5.5% for the second consecutive time, reflecting caution amid global trade uncertainties and potential slowdown from U.S. tariff developments. The decision follows a series of rate cuts earlier in the year aimed at boosting growth. Retail inflation remains subdued, easing to a six-year low of 2.07% in August, supported by falling food prices. The RBI continues to balance supporting economic activity while keeping inflation under control through measured policy actions.Read more