IPO frenzy heats up as big names chase cash
Seven companies plan to tap capital markets during the coming days, with offerings expected to collect 10,733.50 crore rupees from investors. Brokerage platform Groww begins its subscription period on Tuesday through Friday at a share price range between 95 and 100 rupees. The offering consists of 1,060 crore rupees in new equity and 5,572.30 crore rupees from existing stakeholder sales, with backers such as Peak XV Partners and Tiger Global Management holding positions.
Pine Labs opens its 3,900 crore rupee listing on Friday and closes on Tuesday. The payment technology provider set pricing at 120 to 128 rupees per share, raising 2,080 crore rupees through fresh stock while current investors divest 82.3 million shares. Shreeji Global FMCG launches on Tuesday with an 85 crore rupee target priced from 120 to 125 rupees. Finbud Financial Services starts acceptance on Thursday at 140 to 142 rupees per unit. Curis Lifesciences commences on Friday, seeking 27.50 crore rupees at valuations spanning 120 to 128 rupees. Lenskart maintains its active subscription window during the period.
