India's securities regulator has given the green light to five fresh public offerings, covering sectors from digital loans to alcoholic drinks and engineered fabrics.
OnEMI Technology Solutions (Kissht)
OnEMI, which runs the Kissht app for quick digital loans, plans a mixed offering:
- New shares worth up to ₹1,000 crore.
- Sale of up to 8.88 million existing shares.
- Possible pre‑IPO placement of ₹200 crore, which would cut the fresh issue size.
- Part of the issue is set aside for employees.
The money will help the company grow its lending platform and fund operations.
Alcobrew Distilleries
Alcobrew, maker of whisky, vodka and rum brands, aims to raise up to ₹258.26 crore through new shares and an offer for sale of 1.8 million shares by a promoter.
- New capital will support business expansion, working‑capital needs, and general corporate purposes.
Aastha Spintex
The textile firm plans a book‑building issue of up to ₹160 crore.
- Proceeds are earmarked mainly for buying Falcon Yarns.
- Any leftover funds will go to general corporate requirements.
Indo MIM
Indo MIM, a precision‑engineering company, received approval for a ₹1,000 crore IPO, plus an offer for sale of 12.97 million shares.
- ₹720 crore of the fresh issue will be used to pay down debt.
- The remaining amount will fund general corporate activities.
Kusumgar
Kusumgar, which makes engineered fabrics for aerospace, defence and automotive sectors, will raise ₹650 crore entirely through an offer for sale by its promoters.
- No new shares are being issued, so the company itself will not receive proceeds.
Disclaimer: This summary is for informational purposes only and does not constitute investment advice. Always do your own research before making any financial decisions.