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With the final approval, Razorpay can support international money movement, including global investments, collections and settlements, through its GIFT City-based infrastructure.
The Gurugram-based company's net profit increased 43% to Rs 193 crore in Q2 FY27 from Rs 135 crore in Q2 FY26.
The company reported revenue of $16.3 billion in the first half of 2026, compared with $1.2 billion in the corresponding period last year.
The fledgling proprietary components business, stiff competition in its core fan business, dependence on imports and continued losses could put greater scrutiny on the valuation Atomberg seeks through the IPO.
On the BSE, Moneyview opened at Rs 55.61 per share, a 63.6% premium over the issue price of Rs 34.
Qualified institutional buyers (QIBs) drove the demand, subscribing to their portion 227.5x.
The listing followed NSE’s Rs 22,561 crore IPO, which was subscribed 5.71 times.
The anchor book saw participation from large domestic mutual funds including SBI Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual Fund, among others.
The IPO marks the end of NSE’s nearly decade-long wait to go public, after its first IPO attempt in 2016 was stalled by regulatory proceedings.
The IPO will open on September 24 and close on September 28, while the anchor investor round is scheduled for September 23.
Life Insurance Corporation of India (LIC) emerged as the largest anchor investor, picking up shares worth Rs 400 crore.
Earlier this year, other lending companies such as Kissht and Aye Finance also cut their IPO size, as valuation concerns grew.
The round values the digital banking startup at $450 million, marking a steep decline from the $1.5 billion it commanded in 2022.
The appointments have been approved by the company’s board, and the Reserve Bank of India (RBI) has also cleared Samir Sawhney’s appointment as Executive Director.
PB Fintech stated that the advisory does not have any material financial impact on the company.
In this piece, we write on Hella Infra using Shalimar Paints for a backdoor listing after a year of rating trouble and debt refinancing; and how protests against Google's proposed data centre have opened up a larger conversation around water...
The bank's asset quality improved, with gross non-performing assets (NPAs) declining to 4.36% from 6.31% and net NPAs reducing to 3.24% from 4.66% as of June 30, 2026.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
Succession planning is likely to remain an area that investors will watch over long term with Cult.fit IPO expected to be largely an OFS-driven liquidity event.
Concerns around Shiprocket profitability, the still-evolving nature of its emerging business, heavy dependence on vendors continue to weigh as it prepares for IPO.
