Search for: Ipo

Groww, and the New Rules of Going Public; OpenAI may spark AI Goldrush for PEs?

30 Sep 2025, 13:50 PM

August 29th Edition: We track Groww’s hush-hush IPO filing and why unicorns are choosing silence over spotlight; and how OpenAI’s India office could ignite a PE gold rush in AI.

MS Dhoni Family Office-backed Finance Buddha gets in-principle nod for SME IPO

25 Sep 2025, 13:05 PM

PhonePe files for Rs 12,000 crore IPO via confidential route

24 Sep 2025, 13:26 PM

The IPO is expected to be a complete offer for sale (OFS).

PhonePe pares net loss in FY25 as it prepares for IPO

22 Sep 2025, 18:02 PM

The fintech company's operating revenue jumped 40% to Rs 7,115 crore in FY25.

Peak XV-backed Groww files revised papers for Rs 7,000 crore IPO

17 Sep 2025, 11:48 AM

The public issue comprises a fresh share issuance worth Rs 1,020 crore and an offer for sale (OFS) of around Rs 5,000 crore by existing shareholders.

Pine Labs gets SEBI nod for IPO

16 Sep 2025, 12:10 PM

Pine Labs, which competes which other fintech companies such as Paytm, Walmart's PhonePe and Razorpay, had filed draft papers for its IPO in June.

PhonePe rolls out ESOP buyback of Rs 700-800 crore ahead of IPO

11 Sep 2025, 18:02 PM

Around 1,000 employees from the company's 12,000-strong workforce are currently eligible to participate in this buyback initiative.

Avanse net profit jumps 47% to Rs 502 crore in FY25

11 Sep 2025, 12:55 PM

The company’s assets under management (AUM) stood at Rs 18,985 crore as on March 31, 2025 as compared to Rs 13,303 crore in the previous financial year.

Insurtech startup Turtlemint files IPO papers via confidential route

07 Sep 2025, 11:05 AM

Turtlemint said it has filed the pre-filed DRHP with SEBI and the stock exchanges, in relation to the proposed IPO.

Stock broker Groww gets Sebi nod for $1 billion IPO

28 Aug 2025, 23:13 PM

The markets regulator has given approval to Groww's IPO papers, which the platform had filed confidentially in May.

Lenskart IPO: Franchisees complain to SEBI over disclosure lapses

28 Aug 2025, 16:18 PM

The complaint accuses Lenskart of suppressing details of criminal proceedings, misrepresenting financial records, and misleading investors in its IPO papers.

Kissht files draft paper for IPO, eyes Rs 1,000 crore via fresh issue

19 Aug 2025, 18:41 PM

Kissht plans to allocate around Rs 750 crore to strengthen the capital foundation of its non-banking financial company subsidiary, Si Creva.

MobiKwik sues DAM Capital over Rs 42 crore IPO funds dispute

16 Aug 2025, 13:35 PM

The fintech firm alleges that the IPO lead manager DAM Capital has withheld Rs 42 crore meant for IPO-related expenses.

AI unicorn Fractal Analytics files draft papers for IPO

13 Aug 2025, 12:23 PM

The IPO comprises of fresh issue of shares worth Rs 1,279 crore and an offer for sale (OFS) of Rs 3,620.7 crore by existing shareholders.

BharatPe in advanced talks to raise $80-$100 million in pre-IPO round

11 Aug 2025, 11:04 AM

Earlier Coatue had led a Series D funding round of $108 million in BharatPe at a valuation of $900 million in February 2021.

Digital lender KreditBee converts into public entity ahead of IPO

24 Jul 2025, 13:43 PM

The company has also recieved the RBI nod to merge its technology arm Finnovation Tech Solutions into NBFC Krazybee Services.

IPO-bound digital lender Ring (Kissht) sees FY25 profit dip, disbursements halved

24 Jul 2025, 13:10 PM

Ring's parent entity OnEMI's total income also fell to Rs 1,353 crore during FY25, against Rs 1,700 crore in the year ago period.

Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality

22 Jul 2025, 16:44 PM

Conversations with half a dozen industry insiders reveal a company that is struggling to articulate a coherent growth narrative and a unified brand story.

Fractal Analytics raises $170 million via secondary share sale ahead of IPO

15 Jul 2025, 18:01 PM

As part of the transaction, existing investor Apax Partners sold a 6% stake in the company to a consortium of 22 institutional investors.

IPO-bound PhonePe ropes in former Meta India public policy head Shivnath Thukral

15 Jul 2025, 11:01 AM

Thukral will be part of the leadership team and will be responsible for leading discussions with policy makers and regulators.

Pine Labs to rope in Avendus executive as CFO

03 Jul 2025, 16:59 PM

Prior to Avendus, Kamath, who has over two decades of experience in the financial services industry, worked with broking firm Motilal Oswal.

Manipal Payment and Identity Solutions files draft papers for IPO via confidential route: report

01 Jul 2025, 16:40 PM

The company aims to raise around Rs 1,200 crore via the IPO, which will comprise of primary and secondary components.

Pine Labs files draft papers for IPO

26 Jun 2025, 16:37 PM

The public offer comprises of fresh issue of shares worth Rs 2,600 crore ($304 million) and an offer for sale (OFS) of up to 14.78 crore shares.

PhonePe plans to file draft papers for $1.5 billion IPO by Aug-end: report

23 Jun 2025, 16:45 PM

The IPO is expected to value the Walmart-backed digital payments company at nearly $15 billion.

IPO-bound Pine Labs CFO quits

11 Jun 2025, 20:04 PM

March Mathenz, who operated out of Singapore along with Pine Labs CEO Amrish Rau, is expected to leave the organisation in the coming weeks.

Pine Labs set to file DRHP for IPO by June-end

11 Jun 2025, 14:02 PM

The Noida-headquartered company has been reportedly planning to float its IPO by the end of this year.

Moneyview converts into public entity ahead of IPO

04 Jun 2025, 14:41 PM

The digital lender is eyeing an IPO to raise over $400 million and has reportedly appointed Axis Capital, Kotak Mahindra, and others as its banking partners.

Inside BharatPe’s tech overhaul as it preps for 2026 IPO

02 Jun 2025, 17:20 PM

Performance pressure is mounting at BharatPe, triggering leadership shakeups and engineering changes ahead of its IPO, sources say.

Stock broker Groww files IPO papers via confidential route

26 May 2025, 20:56 PM

Groww has filed the pre-filed DRHP with Sebi and the stock exchanges in relation to the proposed initial public offering.

Pine Labs converts into public entity; appoints three independent directors

21 May 2025, 14:48 PM

Amrita Gangotra, Smita Chandramani Kumar, and Maninder Singh Juneja have been appointed as independent directors.

Pine Labs promotes CEO Amrish Rau to MD and chairman ahead of IPO

25 Apr 2025, 17:27 PM

Rau -- who took over as CEO of Pine Labs in March 2020 -- will also continue to serve as the CEO the Peak XV-backed fintech firm.

PhonePe becomes public entity ahead of its $15-billion IPO

20 Apr 2025, 21:08 PM

The firm's name has now been updated from “PhonePe Private Limited” to “PhonePe Limited”.

Razorpay converts into public entity amidst reverse flipping back to India

20 Apr 2025, 20:55 PM

This development follows the recent approval of the merger between Razorpay Inc. and Razorpay India by the Regional Director in Hyderabad.

Exclusive: Pine Labs gets NCLT nod for reverse merger

10 Apr 2025, 11:10 AM

On April 9, the NCLT sanctioned the scheme of amalgamation between Pine Labs Private Limited (India) and Pine Labs Limited (Singapore).

Digital lender Kissht plans $225 million IPO; appoints investment banks

06 Apr 2025, 17:48 PM

The company has mandated ICICI Securities, UBS Securities India Private Limited and Motilal Oswal Investment Banking as lead managers for the IPO.

Pine Labs eyes IPO in second half of 2025

26 Mar 2025, 08:41 AM

If reports are to be believed then Pine Labs is eyeing a $1 billion public listing, which would comprise of issue of fresh equity shares as well as an offer for sale.

Infibeam Avenues restructures UAE unit as it plans ADX listing

12 Mar 2025, 17:21 PM

The restructuring involves transferring the mirror shareholding in Avenues World FZ-LLC to Infibeam Avenues ME SPV Ltd, a newly formed entity in Abu Dhabi.

Walmart-backed PhonePe picks 4 investment banks for its IPO

27 Feb 2025, 00:19 AM

PhonePe has reportedly onboarded Kotak Mahindra Capital, JP Morgan, Citi and Morgan Stanley to kick off its IPO.

Sachin Bansal-led Navi eyes IPO in second half of FY26

21 Feb 2025, 15:14 PM

In September 2022, the company secured Sebi approval for a Rs 3350-crore ($440 million) public offering. However, the plan was shelved then.

PhonePe kicks off IPO preparations

20 Feb 2025, 23:25 PM

Two years after concluding its reverse flip from Singapore to India, payments major PhonePe said it has started preparations for IPO in India.

OfBusiness transitioning into public entity as it moves closer to IPO

03 Feb 2025, 15:58 PM

The company's board has approved a resolution to change its name from 'OFB Tech Private Limited' to 'OFB Tech Limited'.

Stock broker Groww picks bankers for IPO at $8 billion valuation: report

22 Jan 2025, 17:47 PM

The company is expected to proceed with an IPO this year, and may seek to raise $750 million or more at a valuation of $7-$8 billion.

InCred Finance eyes Rs 4000-5000 crore IPO next year; appoints CFO

24 Dec 2024, 22:48 PM

Last week, InCred Finance, the consumer and MSME lending arm of the InCred Group, appointed Gaurav Maheshwari as its chief financial officer.

MSME lender Aye Finance files DRHP for Rs 1450 crore IPO

24 Dec 2024, 22:18 PM

Aye Finance's largest shareholder Elevation Capital (formerly SAIF Partners) is not participating in the offer for sale.

SME lender Aye Finance board approves IPO plan

14 Dec 2024, 05:17 AM

Aye Finance has received its board approval to launch Rs 1450 crore ($174 million) initial public offering (IPO).

Mobikwik secures Rs 257.4 crore from anchor investors ahead of IPO

11 Dec 2024, 16:28 PM

Around 21 funds invested through the anchor placement round, including around 10 domestic funds.

In Charts: MobiKwik plans Rs 572 crore IPO. Why its financial services play deserves attention

07 Dec 2024, 01:40 AM

While the company has disclosed financials till Q1FY25, the FY25Q2 and FY25Q3 will give a clear view on the performance of MobiKwik.

A top executive at PayU steps down amid leadership changes [Exclusive]

29 Nov 2024, 02:26 AM

In recent months, The Head and Tale has exclusively reported on other senior-level departures at PayU India, including Wibmo CEO Suresh Rajagopalan.

SoftBank-funded OfBusiness hires top bankers for IPO in 2025

21 Nov 2024, 18:05 PM

The B2B marketplace and fintech lender OfBusiness has appointed Axis Capital, Morgan Stanley, JPMorgan, Citigroup and Bank of America for its $1 billion IPO.

Innoviti ropes in Nish Kotecha to its advisory board

21 Nov 2024, 17:46 PM

Nish Kotecha will guide the digital payments company in its IPO planned in the next 12 months.

Prosus eyes PayU IPO in 2025 after Swiggy's successful listing

14 Nov 2024, 14:28 PM

Prosus said in a statement that it had gained $2 billion on its investment in the food delivery and quick commerce firm.

Insurance Dekho, RenewBuy eye merger to compete with PolicyBazaar

05 Nov 2024, 02:24 AM

This announcement follows InsuranceDekho’s recent acquisition of a composite insurance broking license from IRDAI.