Category: IPOs

Meesho IPO: Key Details, Share Price, and Allotment Status

The Indian e-commerce landscape is set to witness a significant event as Meesho, a leading value-focused marketplace, announces its Initial Public Offering (IPO). This much-anticipated move involves a substantial issue size, combining a fresh issue of shares with an offer for sale (OFS) from existing investors. For those tracking market developments, the Meesho IPO presents a noteworthy opportunity to observe the public debut of a major tech player that has reshaped online retail in smaller Indian cities and towns.

This guide provides a comprehensive overview of the Meesho IPO, covering all essential information from the issue size and price band to the allotment timeline and company financials.

All You Need to Know About the Meesho IPO

The Meesho IPO is a book-built issue with a total size of ₹5,421.20 crores. It consists of a fresh issue of 38.29 crore shares, which amounts to ₹4,250.00 crores, and an offer for sale of 10.55 crore shares, valued at ₹1,171.20 crores. This public offering will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Here are the core details of the offering:

IPO Open Date: December 3, 2025
IPO Close Date: December 5, 2025
Price Band: ₹105 to ₹111 per share
Lot Size: 135 Shares
Minimum Investment (Retail): ₹14,985 (at the upper price band)
Face Value: ₹1 per share

Meesho IPO Timeline: Mark Your Calendar

Staying updated with the IPO timeline is crucial for any potential investor. Below is the tentative schedule for the Meesho public offering.

Event	Date
IPO Opening	Wednesday, December 3, 2025
IPO Closing	Friday, December 5, 2025
Basis of Allotment Finalization	Monday, December 8, 2025
Initiation of Refunds	Tuesday, December 9, 2025
Credit of Shares to Demat Account	Tuesday, December 9, 2025
Tentative Listing Date	Wednesday, December 10, 2025
UPI Mandate Confirmation Cut-off	5:00 PM on December 5, 2025

Share Allotment and Reservation Structure

The IPO has a specific reservation structure for different investor categories to ensure fair distribution.

Qualified Institutional Buyers (QIB): Not less than 75% of the offer
Non-Institutional Investors (NII / HNI): Not more than 15% of the offer
Retail Individual Investors (RII): Not more than 10% of the offer

Understanding Meesho’s Business and Financials

Founded in 2015, Meesho Ltd has established itself as a multi-sided technology platform that connects consumers, sellers, logistics partners, and content creators. The company operates a value-focused e-commerce marketplace that enables sellers to reach a wide consumer base with a diverse range of affordable products. Meesho’s zero-commission model for sellers has been a key differentiator, helping reduce operational costs and allowing for competitive pricing.

The company’s asset-light business model means it does not hold inventory or own logistics assets, making it capital-efficient. Its technology-driven approach, incorporating AI and machine learning, enhances user experience through personalization, efficient logistics via its Valmo network, and data-driven business insights.

A Glimpse into Meesho’s Financial Performance

While Meesho has demonstrated strong revenue growth, it remains a loss-making entity. Understanding the company’s financial health is important for evaluating its market position.

(Figures in ₹ Crore)

Period Ended	31 Mar 2025	31 Mar 2024
Total Income	9,900.90	7,859.24
Profit After Tax (PAT)	(3,941.71)	(327.64)
Total Assets	7,226.09	4,160.99
Net Worth	1,561.88	2,301.64

Note: The significant increase in losses for FY25 is partly attributed to one-time costs associated with shifting the company’s headquarters.

Objectives of the IPO Issue

The net proceeds from the fresh issue will be utilized to strengthen the company’s strategic position and fund its growth initiatives. The primary objectives are:

Cloud Infrastructure Investment: ₹1,390 crores to be invested in its subsidiary, MTPL, for enhancing cloud infrastructure.
AI and Technology Development: ₹480 crores for salaries of AI, machine learning, and technology teams.
Marketing and Brand Initiatives: ₹1,020 crores for marketing and brand-building efforts.
Inorganic Growth and General Corporate Purposes: Funding acquisitions, strategic initiatives, and other corporate needs.

How to Check Your Meesho IPO Allotment Status

Once the basis of allotment is finalized on December 8, 2025, you can check your allotment status through the registrar’s website or the stock exchange portals. Kfin Technologies Ltd. is the official registrar for this IPO.

To check the status:

Visit the Kfin Technologies IPO status page.
Select “Meesho IPO” from the dropdown menu.
Enter your Application Number, Demat Account number, or PAN.
Complete the captcha and click “Submit.”

The status will indicate whether you have been allotted shares. If not, the refund process will begin on December 9, 2025.

Conclusion

The Meesho IPO is a major event in the Indian stock market, reflecting the growth story of the country’s e-commerce sector, particularly in value-focused retail. With a strong brand presence and a unique business model, the company aims to leverage the public markets to fuel its next phase of expansion. Investors should carefully review the company’s financials, objectives, and market risks before making any decisions. As with any IPO, it is essential to stay informed about all developments related to the allotment and listing.

Frequently Asked Questions

1. What is the issue size of the Meesho IPO?

The total issue size of the Meesho IPO is ₹5,421.20 crores, including a fresh issue of ₹4,250 crores and an offer for sale (OFS) of ₹1,171.20 crores.

2. What are the key dates for the Meesho IPO?

The IPO will be open for subscription from December 3, 2025, to December 5, 2025. The tentative listing date on the BSE and NSE is December 10, 2025.

3. What is the price band and minimum investment for the Meesho IPO?

The price band is ₹105 to ₹111 per share. The minimum investment for retail investors is one lot of 135 shares, amounting to ₹14,985 at the upper price band.

4. How can I apply for the Meesho IPO?

You can apply via your brokerage account using UPI or ASBA payment methods. A valid Demat account is required to participate in the IPO.

5. Who are the promoters of Meesho?

The promoters of Meesho are its co-founders, Vidit Aatrey and Sanjeev Kumar.

6. Is Meesho a profitable company?

No. Meesho is currently loss-making and reported a loss after tax of ₹3,941.71 crores for the financial year ending March 31, 2025.

7. How do I check the allotment status for the Meesho IPO?

You can check the allotment status on the registrar’s website, Kfin Technologies Ltd., or on the BSE and NSE websites after the allotment is finalized on December 8, 2025.

December 1, 2025

Excelsoft Technologies IPO 2025 – Complete Details and Market Outlook

Get ready for one of the most talked-about IPO events this month! Excelsoft Technologies, a global vertical SaaS company, plans to launch its maiden public issue from November 19 to 21, 2025.
The company’s book-building issue totals Rs 500 crore, which includes a fresh issuance of Rs 180 crore and an offer-for-sale worth Rs 320 crore. The Excelsoft Technologies IPO 2025 has set its price band between Rs 114 and Rs 120 per share [-2]. Retail investors need to invest a minimum of Rs 15,000. The company’s financial performance stands out with its total revenue growing 24% to Rs 248.8 crore in FY25. Their profit after tax jumped an impressive 172% to Rs 34.69 crore compared to last fiscal year.
Let’s get into all the key details of the Excelsoft Technologies IPO in this piece. We’ll cover its structure, Grey market premium, business model, and how they plan to use the raised funds. This guide will help you make an informed investment decision, whether you’re an experienced investor or just starting with IPOs.
Excelsoft Technologies IPO 2025: Key Dates and Offer Structure
Here’s a detailed look at Excelsoft Technologies’ IPO structure and important dates that investors need to know.

IPO opening and closing dates
Excelsoft Technologies Ltd IPO starts on November 19, 2025, and runs through November 21, 2025. The company will announce its basis of allotment on November 24, 2025. Investors can expect both their refunds and share credits to demat accounts on November 25, 2025. The shares will start trading on the BSE and NSE on Wednesday, November 26, 2025.
Issue size and share breakdown
The company’s IPO is a ₹500 crore book-building issue. It combines a fresh issue of 1.5 crore shares worth ₹180 crore with an offer-for-sale (OFS) of 2.67 crore shares valued at ₹320 crore. The total public offering stands at 4.17 crore equity shares. The IPO reservation splits into three categories: QIBs get 50%, NIIs receive at least 15%, and retail investors have a minimum 35% allocation.
Price band and lot size
The IPO’s price band ranges from ₹114 to ₹120 per share. Retail investors need to buy at least one lot of 125 shares, which costs ₹15,000 at the upper price band. They can apply for up to 13 lots (1,625 shares) worth ₹1,95,000. Small HNIs have the option to bid for 14-66 lots, while big HNIs can start their bids from 67 lots (8,375 shares).
Registrar and lead manager details
MUFG Intime India Private Limited serves as the IPO’s registrar. Anand Rathi Advisors Limited manages the entire process as the sole book-running lead manager. Investors can find support and answers to their IPO-related questions on the registrar’s official website.

Grey Market Premium (GMP) and Listing Expectations
The Grey market premium helps investors gage sentiment before an IPO launch. Let’s get into what current trends tell us about market expectations for Excelsoft Technologies.
Latest Excelsoft Technologies IPO GMP
Excelsoft Technologies’ Grey market premium reached ₹16 per share on November 18, 2025. The unofficial market shows a fluctuating pattern. The GMP stood higher at ₹20 on November 17 and touched ₹30 on November 16. The premium has been volatile, and reports indicate dramatic drops during mid-November.
What GMP indicates for listing price
The current GMP of ₹16 combined with the upper price band of ₹120 points to an estimated listing price of ₹136 for Excelsoft Technologies shares. Investors who receive allotments could see potential listing gains of 13.33%. Previous estimates with a higher GMP of ₹30 suggested a listing price of ₹150, which would have meant a 25% premium. These figures show evolving market sentiment as we near the subscription window.
How reliable is GMP for investors?
Investors should know that Grey market premiums are not official data – they come from speculation in unofficial markets. Excelsoft’s GMP swings from 25% to zero at times show how unreliable these unofficial indicators can be.
Basing investment decisions on GMP figures alone carries risks. While GMP offers a glimpse into potential listing performance, it overlooks vital factors like business model strength, financial performance, and market conditions on the listing date.
Smart investors looking at this upcoming IPO should see GMP as just one piece of the puzzle. It shouldn’t be the only factor that determines your investment in Excelsoft Technologies IPO 2025.
Business Model and Financial Performance
Excelsoft Technologies’ upcoming IPO showcases a specialized business model that has made the company a revolutionary force in the learning and assessment technology market.
Overview of Excelsoft’s SaaS offerings
Since 2000, Excelsoft has grown into a global vertical SaaS company that focuses on the learning and assessment market. The company’s main products are AI-powered assessment platforms, online proctoring solutions, learning management systems, and student success platforms. Their star products SARAS eAssessment, EasyProctor, OpenPage, EnablED, and CollegeSPARC come with subscription/per-user pricing and multi-year enterprise contracts. The company excels at developing AI-based products and services. Their Large Language Models (LLMs) help their products stand out in digital assessments and proctoring.
Client base and global presence
Excelsoft now works with 76 clients in 19 countries as of August 2025. Big names like Pearson Education, AQA Education, and Brigham Young University-Idaho trust their services. North America brings in the biggest chunk of money – 60.65% of FY25 revenue. Their clients stick around too. Data from Q1 FY26 shows that 24 clients have stayed with them for over 10 years.
Revenue and profit growth trends
The company’s numbers tell an impressive story. Revenue jumped from ₹195.10 crore in FY23 to ₹233.29 crore in FY25. Their profit after tax soared by 172% year-over-year to ₹34.69 crore in FY25. This big leap in profit shows how well they’ve improved their operations and scaling ability.
Key financial metrics from FY24 and FY25
The company keeps its gross margins healthy at 55-62%. Their EBITDA margin hit 31.40% in FY25, beating many competitors. Returns looked good too – ROCE rose to 16.11% and ROE reached 10.38% in FY25. The net-debt-to-equity ratio improved by a lot, dropping from 0.37 in FY23 to just 0.05 in FY25. This shows how well they manage their balance sheet. These strong numbers make their upcoming IPO really interesting for investors who want to get into the education technology sector.
Use of Proceeds and Strategic Goals
The Excelsoft Technologies IPO 2025 brings an important question to investors’ minds: how will the company employ the funds from its public offering?
Investment in Mysore facility and infrastructure
Excelsoft plans to use ₹71.97 crore (39.98%) of the fresh issue proceeds to buy land and build a new facility at their Mysore property. The company’s registered office already operates from Hootagali Industrial Area, Mysore, and this expansion will improve its operational capacity by a lot. The company will also put ₹39.51 crore (21.95%) into upgrading its current Mysore facility, which includes better external electrical systems.
IT upgrades and digital transformation
The company will direct ₹54.63 crore (30.35%) toward IT infrastructure improvements. This includes software, hardware, and communications & network services. These investments make sense given Excelsoft’s AI-based products and services, particularly their Large Language Models that deepen their commitment to digital assessments and proctoring solutions.
General corporate purposes
Excelsoft has set aside ₹13.89 crore (7.72%) for general corporate purposes. This money gives the company room to expand business, launch marketing campaigns, and handle working capital needs as new opportunities come up.
How these investments arrange with growth plans
These strategic choices support Excelsoft’s vision to scale product development and build reliable infrastructure that meets their global clients’ needs. The company serves 76 clients in 19 countries, and its expansion plans aim to improve its worldwide delivery of fully compliant digital learning solutions. This upcoming IPO is not just about raising funds – it’s the life-blood of Excelsoft’s long-term growth strategy.
Conclusion
The Excelsoft Technologies IPO is definitely a great chance to invest in the education technology sector. Their numbers tell an impressive story – 172% profit growth and a solid 24% revenue increase that shows the company’s financial strength. They serve 76 clients in 19 countries, which proves global acceptance of their AI-powered learning and assessment solutions.
Smart investors should think over a few key points before jumping in. The Grey Market Premium has shifted between ₹30 and ₹16, which shows mixed market sentiment. The company plans to use IPO funds for facility expansion and IT infrastructure – a solid plan that ended up making sense for long-term value creation.
Excelsoft Technologies is a standout among new IPOs. The company’s 15-year-old business model, high client retention, and clear growth path make it special. Their AI-powered assessment platforms fit perfectly in today’s growing educational technology market. Investors who want to tap into the SaaS education sector might find this IPO attractive, given the strong financials and worldwide client base.
The subscription window opens from November 19-21. Take time to research this opportunity based on your investment goals and risk comfort level. Getting the full picture of the company’s strengths and challenges will help you decide if you want to be part of this much-anticipated public offering.
FAQs

1. What are the key dates for the Excelsoft Technologies IPO?

The IPO opens on November 19, 2025, and closes on November 21, 2025. The basis of allotment will be announced on November 24, with shares expected to be listed on November 26, 2025.

2. How much is Excelsoft Technologies aiming to raise through this IPO?

Excelsoft Technologies is looking to raise ₹500 crore through its IPO, which includes a fresh issue of ₹180 crore and an offer-for-sale of ₹320 crore.

3. What is the price band for the Excelsoft Technologies IPO?

The company has set the price band for its IPO between ₹114 and ₹120 per share.

4. How has Excelsoft Technologies performed financially in recent years?

Excelsoft Technologies has shown strong financial growth, with total revenue increasing by 24% to ₹248.8 crore in FY25 and profit after tax surging by 172% to ₹34.69 crore compared to the previous fiscal year.

5. What are the main areas where Excelsoft Technologies plans to use the IPO proceeds?

The company plans to use the IPO proceeds primarily for expanding and upgrading its Mysore facility, investing in IT infrastructure upgrades, and general corporate purposes to support its growth strategy.

November 19, 2025
Not Every IPO Turns Into Profit: How to Check If It’s Worth Investing

The IPO fever makes investors dream big, but reality often hits hard. Many retail investors jump into IPOs based on hype, brand names, and subscription numbers. They rarely ask if the issue deserves their money.
This approach to investing brings disappointment. Many IPOs that got subscribed more than five times now trade below their issue price. You need to look beyond basic numbers to understand what makes an IPO tick. High subscription rates and Gray Market Premiums get people excited, but they don’t guarantee how the stock will perform after listing.
A prominent brand name won’t make up for high valuations or weak financials. This is a big deal as it means that an IPO’s price-to-earnings ratio is higher than its listed peers. Such situations often point to overvaluation and limited growth potential after listing.
What is an IPO and why it matters
A private enterprise’s transformation into a publicly traded company stands as one of the most important milestones in corporate progress. Initial Public Offering (IPO) happens when a private company first offers its shares to the public. This key event turns a private business with few shareholders into a public entity that trades on stock exchanges.
Definition of an Initial Public Offering
A company sells new or existing securities to the public for the first time during an IPO. The company’s shareholders usually include founders, family members, friends, and private investors like venture capitalists before going public. People call this process “floating” or “going public,” and it changes the company’s ownership structure as retail and institutional investors can now buy shares.
Why companies go public
Companies launch IPOs mainly to raise capital. The US IPO market welcomes growth-focused companies and accepts those with little to no profit when they go public.
Companies can use this new money to fund research and development, buy equipment, expand operations, or clear existing debt.
IPOs give serial entrepreneurs and early investors a chance to cash out their investments. Public companies also gain better visibility and brand recognition, which could increase their market share. The money raised helps companies buy other businesses – deals they couldn’t afford before.
Why investors are drawn to IPOs
Investors see IPOs as a chance to buy shares in companies during their early public days. They like the idea of getting shares at original offering prices, hoping the company will grow. So many investors see IPOs as a way to earn big returns if companies do well after listing.
IPOs create buzz and excitement that draws both retail and institutional investors. Public companies must follow strict rules and share their financial information openly. This openness builds trust and helps investors make smart choices based on detailed company information.
The risks behind the hype
The glamorous world of IPOs hides many potential traps for investors who aren’t careful. These investment opportunities might seem exciting, but you need to understand their risks to make smart decisions.
Lack of historical data
Companies entering the market present a basic challenge – they don’t have any historical performance data. You can’t find the same detailed records that 10-year old public companies have, especially about their performance during market cycles or economic downturns. This missing information makes it hard to predict a company’s stability and future. Phil Town puts it well when he says recessions are when “you get to see who’s been swimming naked”.
Volatility in early trading
Stock prices swing wildly during the first days of trading based on market sentiment, investor excitement, and common market conditions. One-third of all IPOs lose value on day one, and half of them trade lower by the second day. Prices often shoot up rapidly and then crash down, creating a “whipsaw” effect.
Lock-up periods and insider selling
Most IPO agreements restrict major shareholders from selling shares for 90 to 180 days after going public. Stock prices usually drop 1% to 3% permanently when these lock-up periods end and insiders flood the market with shares. U.S. company insiders sold ₹2995.51 billion worth of shares from newly public companies in 2021 alone.
Overvaluation concerns
Many companies debut on the market with prices far above their real value. Market excitement, aggressive investment bank marketing, and eager insiders drive these inflated prices. Small investors chase gray market rumors and social media buzz instead of studying company basics. These high valuations hurt retail investors the most when stock prices crash after the debut.

How to evaluate an IPO before investing
Smart IPO investment decisions need proper research rather than following market hype. A detailed analysis of key factors helps you spot promising opportunities and avoid disappointments.
Understand the company’s business model
The company’s business model should be sustainable and offer expandable solutions. You should read the Red Herring Prospectus (RHP) to understand revenue generation and competitive advantages. The model’s potential as a game-changer matters because companies that challenge traditional business approaches often give better returns. Independent channel checks will verify if the company’s claims hold up.
Check the company’s financials
Numbers tell a story when you analyze 3-year trends in sales growth, profit margins, and operating efficiency. Key metrics include revenue growth, debt-to-equity ratio, return on equity, and cash flow patterns. Healthy companies show steady revenue growth, better profit margins, and positive cash flow. On top of that, working capital efficiency and asset turnover ratios optimize long-term profits.
Review the S-1 filing
The S-1 registration statement (or DRHP in India) gives detailed information about operations, finances, and planned use of capital. This document shows how the business runs, risk factors, management’s take on finances, and financial statements. The company’s plans for IPO money matter – expansion funds point to better prospects than just paying off debt.
Assess the management team
The core team’s qualifications, experience, and track record need careful review. Strong, trustworthy leaders accelerate sustainable growth while poor leadership destroys value. The promoters’ post-IPO shareholding matters too – higher retention shows confidence in the company’s future. Good corporate governance practices ensure management and shareholder interests stay aligned.
Compare with industry peers
The final step measures the company against similar listed businesses on key financial metrics. P/E ratio, EV/EBITDA, and price-to-book value comparisons reveal potential overvaluation. This is a big deal as it means that when valuations exceed industry averages without reason, you should be careful. Note that a strong competitive position often leads to better long-term results.
Red flags and success signals
Smart investors can spot the difference between promising IPO opportunities and potential disasters by looking for specific signals. Here are some significant indicators they watch before investing their money.
Warning signs to avoid
A healthy dose of skepticism helps when evaluating IPOs. Your broker’s aggressive IPO pitch should raise red flags – it often means institutional investors didn’t want it. Companies with too many related party transactions might have transparency problems. Leadership changes should make you wary, especially a new CFO after filing amendments, new auditors, or different law firms. High levels of insider selling point to low confidence in the company’s future.
Positive indicators of a strong IPO
The best IPOs show steady revenue growth, better profit margins, and positive cash flow. Companies that use their money for research, marketing, or expansion make better investments than those paying off debt. The company’s future looks bright when insiders keep their shares after the lock-up period ends.
Examples of failed IPOs
Paytm stands out among IPO failures with a 27% drop on day one. The company’s complex business model and high valuation led to this outcome. Reliance Power’s heavily marketed 2008 IPO ended up disappointing investors despite early excitement. The market showed little interest in Wanda Sports, which raised less than half its target and struggled after trading began.
Examples of successful IPOs
Beyond Meat shows what a great IPO looks like. It became the most successful listing since 2008 for companies raising over ₹16,876 million. DMart’s success story in India saw its 2017 IPO oversubscribed 105 times. The company listed at a 102% premium thanks to its proven business model and investor’s trust in its founder. TCS’s 2004 IPO succeeded because of the company’s strong brand, solid financials, and global reach.
Conclusion
IPO investments engage many retail investors, but evaluating them carefully is essential before investing your hard-earned money. Without doubt, the chance to invest early in the next big market success attracts investors. The reality often paints a different picture.
Smart IPO investing needs solid research as its foundation. You should know the company’s business model, financials, and management quality. The S-1 filing needs a close examination to understand the company’s plans for the raised capital. Companies that allocate money for expansion show better prospects than those using funds to repay debt.
You should watch for warning signs when looking at potential IPO investments. Too many related party transactions, sudden leadership changes, and heavy insider selling are red flags. Strong investments often show steady revenue growth, better profit margins, and insiders keeping their shares after lock-up periods.
Market buzz and subscription numbers don’t tell the whole story. A comparison of valuation metrics with industry peers helps you see if the IPO price matches the company’s real value. High valuations often lead to poor performance after listing, as seen with Paytm and Reliance Power.
Companies like Beyond Meat and DMart prove that IPOs with strong fundamentals can give great returns. These cases are rare exceptions. Most new listings see big price swings in their early days.
IPOs can be exciting, but they need more homework than 10-year-old public companies. You’ll make better choices with proper analysis and a healthy doubt about market hype. A disciplined strategy that focuses on fundamentals instead of market buzz helps you make smarter decisions about these new public companies.
FAQs

1. How can I determine if an IPO is worth investing in?

To assess an IPO’s investment potential, thoroughly research the company’s business model, financials, and management team. Review the S-1 filing, compare valuation metrics with industry peers, and look for consistent revenue growth and improving profit margins. Be cautious of red flags like excessive related party transactions or significant insider selling.

2. Are all IPOs profitable investments?

No, not all IPOs turn into profitable investments. Many newly listed companies experience significant volatility in their early trading days, and some may underperform or trade below their issue price. Successful IPOs like Beyond Meat or DMart are exceptions rather than the rule.

3. What are some warning signs to watch out for when considering an IPO?

Be wary of aggressive pitches from brokers, sudden leadership changes (especially new CFOs or auditors), high percentages of insider selling, and complex business models. Also, be cautious if the company’s valuation significantly exceeds industry averages without justification.

4. How important is the lock-up period when evaluating an IPO?

The lock-up period is crucial to consider. It typically lasts 90 to 180 days, during which major shareholders can’t sell their shares. Pay attention to insider behavior after this period ends. If insiders continue holding their shares, it may signal confidence in the company’s future.

5. What role does the use of IPO proceeds play in assessing its potential?

The planned use of IPO proceeds is a key indicator of a company’s prospects. Generally, companies using funds primarily for expansion, research, or marketing present better investment cases than those focusing on debt repayment. This information can typically be found in the S-1 filing or prospectus.

November 12, 2025
Tenneco Clean Air IPO: Key Details, Subscription Dates & Financial Overview
Tenneco Clean Air plans to launch a massive ₹3,600 crore IPO on November 12, 2025. The global Tier I automotive component supplier shows strong financial performance with a market cap of ₹16,023 crore. Their numbers look solid with a 57.3% return on capital employed (ROCE) and 42.6% return on equity (ROE).
The IPO gives investors a great chance to buy into a market leader. Tenneco Clean Air India Pvt Ltd dominates the market with a 52% share in shock absorbers & struts for Indian passenger vehicle OEMs. They hold an even stronger 57% share in Clean Air Solutions for Indian Commercial Trucks OEMs. But investors should know that this is just an offer to sell 9.07 crore shares – the company won’t get any direct proceeds.
This piece takes a deep look at the Tenneco Clean Air IPO. We’ll break down everything from subscription details to the price band of ₹378 to ₹397 per share. You’ll learn about their business basics and what experts say about this automotive component giant. This will help you decide if it belongs in your investment portfolio.
Tenneco Clean Air IPO Snapshot

Tenneco Clean Air plans a significant market debut with its upcoming IPO. Let’s take a closer look at what this offering brings to the table.
Issue size and offer type
The Tenneco Clean Air IPO features a pure offer for sale (OFS) of 9.07 crore equity shares worth ₹3,600 crore. Since this is an OFS structure, Tenneco Clean Air won’t receive any proceeds from the offering. The selling shareholders will get all funds after deducting offer expenses. Global promoters Tenneco Inc., Federal-Mogul, and Mauritius Holdings see this IPO as a chance to reduce their stake and tap into value.
Price band and valuation
The company has priced its shares between ₹378-₹397 with a face value of ₹10 per share. The company’s market capitalization could reach ₹16,000 crore at the upper price band. Each lot contains 37 shares, which means investors need to put in at least ₹14,689 at the upper price band. Retail investors can buy up to 13 lots (481 shares) worth ₹190,957.
Subscription categories and reservation
The IPO follows this allocation pattern:
Qualified Institutional Buyers (QIB): Not more than 50% of the offer
Non-Institutional Investors (NII): Not less than 15% of the offer
Retail Individual Investors: Not less than 35% of the offer
Small NII covers bids between ₹2-10 lakhs while Big NII includes bids above ₹10 lakhs.
GMP trends and expected returns
The Grey Market Premium (GMP) for Tenneco Clean Air shows promise. The GMP reached ₹55-65 on November 11, 2025, suggesting a potential listing premium of 13.85-16.37% above the upper price band. Recent GMP movements started at ₹100 on November 6 and settled around ₹55-67 by November 10-11. These trends point to possible listing gains, though the GMP has dropped by about 25% since November 7.

Business Model and Market Position
Tenneco’s success stems from its diverse business model that spans multiple automotive technology segments. Let’s get into what makes this company a revolutionary force in the automotive components industry.
Overview of clean air and powertrain solutions
Clean Air business serves as the life-blood of Tenneco’s operations and focuses on three key technological areas: aftertreatment, energy recycling, and acoustic engineering. Their emissions control systems help global engine manufacturers meet stringent regulations like Euro 6d, Euro 7, China 6, and Bharat 6. The company commands a 57% market share in Clean Air Solutions for Indian Commercial Truck OEMs. Their Powertrain division strengthens this position with high-precision engine components that improve combustion efficiency and durability.
Advanced ride technologies and product innovation
Tenneco delivers groundbreaking solutions through Monroe Ride Solutions in the suspension technology space. Their flagship CVSAe technology features electronic dampers that adapt continuously to road conditions. Drivers can select Comfort, Standard, or Sport settings. Their CVSA2/Kinetic suspension system represents another breakthrough that delivers superior handling for heavier vehicles without conventional roll bars. The company’s Systems Protection business has created specialized products like FyreJacket™ 1650 and Protexx-Shield™ 7005 that provide thermal runaway protection for electric vehicles.
OEM relationships and export footprint
Strong partnerships with global automotive giants like Toyota, Honda, Nissan, GM, Ford, Volkswagen, and Tata Motors define Tenneco’s market presence. The company serves 119 customers as of March 2025. Their top 10 clients have maintained relationships averaging over 19 years. Production contracts typically last throughout the entire lifecycle of related vehicles.
Revenue mix by segment and geography
Clean Air & Powertrain Solutions generate 57.5% of total operations, while Advanced Ride Technologies bring in 42.5%. Passenger Vehicles lead the revenue mix at 64%, followed by Commercial Vehicles at 22.8%. Industrial/others contribute 6.1%, and Aftermarket sales account for 5%. The company earns 94% of revenue from domestic sales, while exports make up the remaining 6%.
Financial Health and Key Indicators
Tenneco Clean Air India’s financial performance shows remarkable efficiency gains and steady improvements in critical metrics.
Top-line and bottom-line growth
Revenue moved from ₹4,827 crore in FY23 to ₹5,468 crore in FY24 before settling at ₹4,890 crore in FY25. The company’s profits kept climbing steadily. Profit After Tax grew from ₹381 crore in FY23 to ₹553 crore in FY25, with a strong CAGR of 20.48%. The company’s Q1FY26 results were positive as PAT increased by 11.8% year-on-year to ₹168.09 crore.
EBITDA margin and value-added revenue
The company streamlined its operations significantly. EBITDA margins rose from 11.82% in FY23 to 16.67% in FY25. The EBITDA margin reached 18.61% in FY25 based on Value-Added Revenue calculations. The company achieved this margin growth by optimizing raw material costs and improving operational efficiency.
Balance sheet strength and net cash position
A resilient financial position marks Tenneco’s performance with zero debt and strong liquidity. The company’s net cash stood at ₹2,662 million in FY25. Its Net Debt/EBITDA ratio of -0.33× reflects a debt-free status.
Working capital and asset utilization
The company stands out with industry-leading returns on capital investment. ROCE hit 56.78% in FY25, while ROE reached 42.65%. The cash conversion cycle improved from -10 days in FY23 to -24 days in FY25. These numbers show the company’s excellent working capital management.
Should You Invest in Tenneco India IPO?
You need to weigh several key factors to decide if investing in Tenneco Clean Air India makes sense.
Strengths and competitive advantages
Tenneco leads the automotive components sector with impressive numbers. The company holds a 57% market share in clean air solutions for commercial vehicles and 52% share in shock absorbers for passenger vehicles. Their zero debt and net cash position show exceptional financial stability. The negative working capital model (-24 days cash cycle) keeps bringing in steady cash flow. The company’s return on capital stands at 56.78%, making it one of India’s most efficient manufacturing companies.
Valuation vs peers
The upper price band of ₹397 puts Tenneco at roughly 29x FY25 earnings, or about 24x based on Q1 FY26 earnings. These numbers look reasonable compared to competitors like Bosch (49.0x), Timken (49.9x), ZF Commercial (50.4x), and Uno Minda (64.9x). All the same, it costs more than SKF India (19.6x) and Sharda Motor (20.1x), which reflects Tenneco’s better returns.
Expert reviews and broker recommendations
Analysts remain cautiously optimistic. ICICI Direct gave a “Subscribe” rating because of “reliable business fundamentals, healthy 30%+ return ratios profile and reasonable valuations”. On the other hand, analyst Dilip Davda rated it “Neutral”, suggesting modest expectations. The Grey market premium of 15.1% shows positive market sentiment before listing.
Who should think about applying?
This IPO fits investors who want to tap into India’s clean mobility sector for the long haul. It makes sense for those who value double-digit ROE, lean working capital, and growing margins. But careful investors should watch out for risks like high customer concentration (top 10 clients make up 80.57% of revenue) and possible EV transition challenges. The IPO works best for investors with medium-to-long term goals.
Conclusion
Tenneco Clean Air IPO makes a strong investment case with its market leadership and outstanding financial performance. The company dominates the market with a 52% share in passenger vehicle shock absorbers and 57% share in commercial truck clean air solutions. Its financial strength shines through industry-leading figures – a 57.3% ROCE and 42.6% ROE that show exceptional capital efficiency.
Notwithstanding that, investors should know this IPO is purely an offer for sale, so the company won’t receive any direct proceeds. The price band of ₹378-₹397 puts Tenneco at roughly 29x FY25 earnings – a reasonable valuation compared to most peers but somewhat premium to some competitors.
On top of that, the Grey Market Premium shows 15-16% potential listing gains, reflecting positive market sentiment despite dropping from earlier levels. The company’s negative working capital cycle and zero-debt status definitely make it an attractive option for investors seeking financially stable opportunities.
Tenneco Clean Air IPO suits investors who want exposure to India’s clean mobility sector and have medium to long-term investment horizons. The company’s decades-old OEM relationships provide stability while its technological edge offers room for growth. Risk-averse investors should think over the high customer concentration risk.
Strong fundamentals, market leadership, and fair valuation make Tenneco Clean Air IPO worth serious attention for investors looking to vary their portfolio with quality manufacturing stocks. This offering stands out thanks to its mix of profitability, efficiency, and growth potential, even with some inherent risks.
FAQs

1. What is the price band for the Tenneco Clean Air IPO?

The price band for the Tenneco Clean Air IPO is set at ₹378 to ₹397 per share.

2. How much market share does Tenneco Clean Air have in the Indian automotive component industry?

Tenneco Clean Air holds a 52% market share in shock absorbers & struts for Indian passenger vehicle OEMs and a 57% market share in Clean Air Solutions for Indian Commercial Trucks OEMs.

3. What are the key financial metrics of Tenneco Clean Air?

Tenneco Clean Air boasts impressive financial metrics, including a return on capital employed (ROCE) of 57.3% and a return on equity (ROE) of 42.6%.

4. Is Tenneco Clean Air a debt-free company?

Yes, Tenneco Clean Air maintains a robust financial position with zero leverage and a net cash position of ₹2,662 million in FY25.

5. Who should consider investing in the Tenneco Clean Air IPO?

The Tenneco Clean Air IPO is suitable for investors seeking exposure to India’s clean mobility sector with a long-term horizon, and those who value companies with double-digit ROE, lean working capital, and expanding margins.
November 11, 2025
Physics Wallah IPO: Full Details, Price, Date, Valuation & Key Insights
Physics Wallah’s upcoming IPO has created quite a buzz as the education giant wants to raise ₹3,480 crore through its public issue. The company ranks among India’s top five education companies by revenue and has shown remarkable growth with its affordable business model that revolutionized the education sector.
The company’s digital community has grown impressively at a CAGR of 41.80% between FY23 and FY25. Physics Wallah’s IPO launch stands out because of its massive user base. The platform serves 4.46 million paid users in FY25, with a strong CAGR of 59.19% between FY23–FY25. The IPO price details show a price band of ₹103 to ₹109 per share, and investors need to buy a lot size of 137 shares. In this piece, you’ll learn everything needed to make an informed investment decision about this predicted blockbuster IPO.
Physics Wallah IPO Details

PhysicsWallah’s mainboard IPO features a book-built issue of ₹3,480 crore. Investors have shown great interest in this public offering because of its smart pricing and detailed structure.
Issue size and price band
The IPO combines a fresh issue of 28.44 crore equity shares worth ₹3,100 crore and an offer for sale (OFS) of 3.49 crore equity shares worth ₹380 crore. This structure creates a balance between new capital generation and existing shareholders’ partial exits.
The company’s price band ranges from ₹103 to ₹109 per share. This pricing makes the edtech company’s valuation attractive to investors while securing enough funds for expansion.
Lot size and minimum investment
Retail investors need to buy at least 137 shares. This means investing ₹14,933 at the upper price band. They can apply for up to 13 lots (1,781 shares), which comes to ₹1,94,129.
Small HNIs have the option to bid between 14 and 66 lots (9,042 shares). Their investment range falls between ₹2,09,062 and ₹9,85,578. Big HNIs must start with 67 lots (9,179 shares) at minimum, requiring ₹10,00,511.
Registrar and lead manager
MUFG Intime India Private Limited serves as the IPO’s registrar. Four major financial institutions handle the book-running lead management:
Kotak Mahindra Capital Company Limited
JP Morgan India Private Limited
Goldman Sachs (India) Securities Private Limited
Axis Capital Limited
Physics wallah ipo date and price
The subscription window runs for three days from November 11, 2025, to November 13, 2025. The basis of allotment will be ready by November 14, 2025.
Successful applicants will see shares in their demat accounts on November 17, 2025. Refunds will be processed the same day. Physics Wallah shares will start trading on BSE and NSE on November 18, 2025.
The company has allocated its issue across different investor categories: up to 75% for Qualified Institutional Buyers, at least 15% for Non-Institutional Investors, and a minimum of 10% for retail investors.
IPO Timeline and Key Dates
Investors looking to buy shares in Physics Wallah’s IPO need to pay attention to these key dates. The edtech giant has laid out a clear timeline that shows exactly when and how investors can take part in the public offering.
IPO opening and closing dates
Physics Wallah’s IPO will stay open for three days, starting November 11, 2025, and ending November 13, 2025. Investors must place their bids within this window. The UPI mandate deadline ends at 5 PM on November 13. This makes it vital for investors to submit their applications before time runs out.
Allotment and refund schedule
The company will finalize the basis of allotment on November 14, 2025. Unsuccessful applicants will get their refunds on November 17, 2025. The same day, successful bidders will see their shares appear in their demat accounts.
Listing date on NSE and BSE
Physics Wallah shares will make their market debut on November 18, 2025. The shares will start trading on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). This date marks the first day anyone can buy or sell these shares in the open market.
Physics wallah ipo launch date
The November 11, 2025 launch date stands as a milestone in the edtech sector. The complete schedule includes other dates investors should know:
Mandate end date: November 28, 2025
Lock-in period end date for anchor investors (50%): December 14, 2025
Lock-in period end date for anchor investors (remaining portion): February 12, 2026
These dates might change based on regulatory approvals and market conditions. The company and its lead managers aim to stick to this timeline to help all stakeholders plan better for this major public offering

Financial Performance Overview
PhysicsWallah’s financial journey shows impressive growth as the company gets ready for its predicted IPO. The edtech platform has shown remarkable revenue growth and smart cost management, making it stand out in India’s competitive education sector.
Revenue and profit trends (FY23–FY25)
PhysicsWallah’s revenue soared from ₹744.32 crore in FY23 to ₹1,940.71 crore in FY24. The numbers climbed further to ₹2,886.64 crore in FY25. This growth represents a compound annual growth rate (CAGR) of nearly 97% during this period. The company’s path to profitability faced some hurdles. Losses grew from ₹84.07 crore in FY23 to ₹1,131.13 crore in FY24. However, PhysicsWallah bounced back and cut these losses by 78% to ₹243.25 crore in FY25.
The company now earns from multiple sources. Online courses brought in ₹1,404.0 crore in FY25, while offline centers added ₹1,351.9 crore. Both channels grew by about 46%. Product sales from books and student merchandise contributed another ₹259.2 crore.
EBITDA and asset growth
PhysicsWallah’s operational efficiency turned a corner in FY25. The company posted a positive EBITDA of ₹193.19 crore, up from negative ₹829.35 crore in FY24. This shift led to an EBITDA margin of 6.7%, a big jump from -42.7% in FY24. The company’s total assets grew from ₹2,082.18 crore in FY23 to ₹4,156.38 crore in FY25.
Current assets reached ₹2,237 crore by March 2025, with ₹175 crore in cash and bank balances. The company remains debt-free and holds over ₹2,000 crore in treasury.
User base and monetization metrics
The platform’s paid users grew by 153.4%, jumping from 1.76 million in FY23 to 4.46 million in FY25. Student enrollment reached 45 lakh in FY25, up from 30 lakh the previous year. Online users hit 4.13 million unique transactions in FY25, while offline centers brought in 0.33 million students.
User engagement numbers tell a success story. Daily active users jumped from 0.93 million in FY23 to 2.70 million in FY25. Students spent more time on the platform too – from 93 minutes to 111 minutes daily. The average collection per online user (ACPU) hit ₹3,682.79 in FY25. Offline ARPU improved from ₹34,467 in FY23 to ₹40,405 in FY25.
Business Model, Strengths and Risks
The upcoming PhysicsWallah Ltd IPO offers a chance to review the company’s operational framework that reveals both impressive strengths and notable challenges. Alakh Pandey’s edtech platform has created a unique position in India’s competitive education world.
Multi-channel education delivery
PhysicsWallah runs through a three-pronged delivery model that combines online platforms, offline centers, and hybrid learning hubs. The company runs 303 offline centers nationwide with over 6,200 faculty members and 5,000+ non-teaching staff. The offline business generated 48.75% of total revenue as of June 2025, showing its growing physical presence.
Affordable pricing and brand trust
Affordability stands as PhysicsWallah’s competitive edge. Their JEE courses cost approximately ₹4,500 while competitors charge around ₹75,000. This pricing strategy has built a massive YouTube ecosystem with 206 channels and 98.8 million subscribers as of June 2025.
AI-powered learning tools
PhysicsWallah’s technology team of 548 members has developed several innovative AI tools:
AI Guru: Answers 2.82 million student queries monthly
Smart Doubt Engine: Provides instant in-class query resolution
AI Grader: Evaluated over 304,202 written responses between August 2024-June 2025
Net losses and negative net worth
PhysicsWallah reported net losses of ₹225.76 crore in FY25 despite strong growth. The company had a negative net worth of ₹861.79 crore as of March 31, 2024. High operating costs caused these losses.
Regional revenue concentration
Geographical concentration poses a risk as much offline revenue comes from Delhi-NCR (10.53%), Patna (8.21%), and Calicut (5.82%) as of Q1FY26. Student enrollments in Kota dropped from 27,158 in FY23 to 11,540 in FY25.
Category dependency risks
NEET, JEE, and UPSC streams generate over half of PhysicsWallah’s revenue. Online transacting users cluster in four core categories: NEET (26.64%), JEE (15.63%), Government Examinations (12.33%), and Foundation Courses (17.61%) as of June 2025.
Conclusion
Physics Wallah faces a crucial moment with its upcoming ₹3,480 crore IPO. The company showed remarkable financial growth with revenue soaring at a 97% CAGR. It also cut losses by 78% in FY25. This impressive turnaround and positive EBITDA suggest a clear path to profitability.
Before the November IPO, investors should look at several key strengths. The company’s pricing model sets it apart from competitors by a lot – JEE courses cost ₹4,500 compared to ₹75,000 elsewhere. Physics Wallah’s strategy combines online platforms with 303 offline centers, which creates multiple revenue streams and strengthens its market position.
The numbers tell a compelling story. Paid users jumped from 1.76 million to 4.46 million between FY23 and FY25. Daily active users almost tripled to 2.7 million in the same period. These figures show Physics Wallah’s success in attracting students across various educational segments.
Yet investors need to weigh some risks carefully. Despite better financials, the company still reports net losses. Geographic revenue concentration remains a challenge. The heavy reliance on exam preparation streams like NEET, JEE, and UPSC makes it vulnerable to regulatory changes.
The share price band of ₹103-₹109 puts Physics Wallah’s valuation in a competitive spot within the edtech sector. With no debt and a ₹2,000+ crore treasury, the company has the resources to keep expanding.
This IPO marks a major milestone for India’s education technology sector. Physics Wallah’s trip from YouTube channel to major edtech platform shows how affordable, quality education can reach nationwide while building real business value. Investors will need to decide if the company’s growth path and vision are worth backing when subscriptions open on November 11, 2025.
FAQs

1. What are the key details of the Physics Wallah IPO?

The Physics Wallah IPO aims to raise ₹3,480 crore, with a price band of ₹103-₹109 per share. The issue opens on November 11, 2025, and closes on November 13, 2025. The minimum lot size is 137 shares, requiring an investment of ₹14,933 at the upper price band.

2. How has Physics Wallah’s financial performance been in recent years?

Physics Wallah has shown impressive revenue growth, increasing from ₹744.32 crore in FY23 to ₹2,886.64 crore in FY25. The company turned EBITDA positive in FY25 with ₹193.19 crore, and successfully reduced its losses by 78% from FY24 to FY25.

3. What is Physics Wallah’s business model and key strengths?

Physics Wallah operates through a multi-channel approach, combining online platforms, offline centers, and hybrid learning hubs. Its key strengths include affordable pricing, a strong brand trust, and AI-powered learning tools. The company has 303 offline centers and over 6,200 faculty members.

4. What are the potential risks for investors considering the Physics Wallah IPO?

Some risks include the company’s net losses and negative net worth, regional revenue concentration (particularly in Delhi-NCR, Patna, and Calicut), and category dependency on exam preparation streams like NEET, JEE, and UPSC.

5. How has Physics Wallah’s user base grown in recent years?

Physics Wallah’s paid user base has expanded significantly, growing from 1.76 million in FY23 to 4.46 million in FY25. Daily active users increased from 0.93 million to 2.70 million in the same period, with average engagement time rising from 93 minutes to 111 minutes daily.
November 11, 2025

Orkla IPO 2025: Check Subscription Dates, Price Band, GMP & Key Details

Preparing to invest in the next big IPO details? Orkla India Ltd.’s IPO opens on October 29, 2025, and investors have a narrow three-day window to participate before it closes on October 31, 2025.

Timing matters significantly with IPO investments. Retail investors who want to participate in Orkla’s IPO must apply through the retail or non-institutional investor category during this limited subscription period. Having all the crucial information beforehand can determine your application’s success.

In this piece, we’ll explore Orkla India’s IPO comprehensively – from the company’s background and market position to the price band, lot size, application process, and Grey market premium indicators. On top of that, we’ll share practical tips that will help your application process run smoothly.

Why Orkla IPO 2025 is Gaining Attention

The investment community can’t stop talking about the Orkla India IPO. Let me break down what makes this offering stand out from other IPOs.

Company background and business model

Orkla India Limited is the Indian branch of Orkla ASA, a Norwegian industrial investment company that’s 370 years old and operates in more than 100 countries. The parent company brings extensive global experience with its well-known brands and strong corporate governance.

The company’s story in India started in 2007 with MTR Foods acquisition. It then bought Eastern Condiments and brought Rasoi Magic into its family. This smart move created a food business that now offers about 400 products in different categories.

Orkla India focuses on two main areas:

Spices (blended and pure)
Convenience foods (ready-to-cook, ready-to-eat, and vermicelli products)

The company sells about 2.3 million units every day, which shows its strong market reach. It runs nine manufacturing facilities throughout India with a total capacity of 182,270 tons per year. The company also partners with manufacturers in India, UAE, Thailand, and Malaysia.

Market position and growth potential

Orkla India has become a powerhouse in South India’s packaged spices market. The Technopak Report shows the company owns 31.2% of the market in Karnataka, 41.8% in Kerala, and 15.2% in Andhra Pradesh and Telangana combined. Its brands MTR and Eastern reach 67.5% of retail outlets in Karnataka and 70.4% in Kerala, which beats the industry average of 30-40% by a lot.

The market keeps growing faster. India’s packaged food industry hit ₹10,180 billion in fiscal 2024, growing at 10.8% CAGR since fiscal 2019. The packaged spices market makes up 40% of India’s spice market at ₹345 billion in fiscal 2024. Experts expect it to reach ₹615 billion by fiscal 2029.

Higher disposable incomes, urban growth, lifestyle changes, and more working women boost Orkla India’s growth potential. The company keeps adding new products like MTR Minute Fresh batters, Ready-to-Eat sweets, and its new ‘Wok N Roll’ brand for Pan-Asian cuisine.

Investor interest and media coverage

The numbers tell a great story. Orkla India’s revenue grew 3% while profit after tax jumped 13% between FY24 and FY25. FY25 revenue reached ₹2,394.7 crore with an EBITDA of ₹355.05 crore (up 15% YoY), and profit after tax hit ₹255.69 crore. The company’s EBITDA margin stands at 14.8% and PAT margin at 10.7%. It has almost no debt.

The IPO structure is an Offer for Sale (OFS) of 2.28 crore equity shares. The money goes to selling shareholders, not the company. Orkla Asia Pacific Pte Ltd, Navas Meeran, and Feroz Meeran are the main sellers.

The Grey market premium shows strong investor interest, though these trends aren’t official guarantees. With a ₹10,000 crore valuation at the upper price band, the company is worth about four times its FY25 revenue. This valuation shows investors believe strongly in its future growth.

Important Dates to Remember

The right timing makes all the difference in any IPO investment. Orkla India’s IPO follows specific dates that investors should note to participate in this investment chance.

Subscription window

Orkla India’s IPO subscription starts on Wednesday, October 29, 2025, and runs for three days until Friday, October 31, 2025. This short window gives investors time to assess and submit their applications.

UPI applicants should remember the mandate confirmation deadline at 5 PM on October 31, 2025. You’ll miss your chance to participate whatever your interest level if you miss this cutoff.

The company will allocate shares to anchor investors on Tuesday, October 28, 2025, one day before public subscription begins. Most institutional investors watch this allocation as it shows big investors’ confidence in the IPO.

Allotment and refund dates

After subscriptions close, the focus shifts to share allocation. Orkla India plans to finalize the IPO share allotment basis on Monday, November 3, 2025[91]. This date determines your application’s success and share allocation numbers.

The company will process refunds on Tuesday, November 4, 2025. Your excess funds return to your account on this date if you don’t get your desired allocation or the lottery doesn’t pick your application.

Successful applicants will see Orkla India shares in their demat accounts on November 4, 2025[101][103]. So you’ll be ready to trade once the shares list.

Listing date on NSE/BSE

The IPO process ends with the listing day. Orkla India shares start trading on Thursday, November 6, 2025[91][101]. The shares will list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)[82][91].

Post-listing dates matter more to institutional investors. Retail investors should know that anchor investors’ shares have a lock-in period – 50% unlock on December 3, 2025, and the rest on February 1, 2026.

Here’s a quick timeline of Orkla IPO’s key dates:

IPO Event	Important Date
Anchor Investor Allocation	October 28, 2025
Subscription Opening	October 29, 2025
Subscription Closing	October 31, 2025 (UPI deadline: 5 PM)
Allotment Finalization	November 3, 2025
Refund Initiation	November 4, 2025
Share Credit to Demat	November 4, 2025
Listing on NSE & BSE	November 6, 2025

This timeline helps plan your investment strategy better. A single day’s delay could mean missing this investment chance. Set calendar reminders for these dates if you plan to invest in Orkla India’s IPO.

Understanding the Price Band and Lot Size

You need to know the financial details before putting your money in the Orkla IPO. Let’s look at the key pricing information and what it means for your investment plans.

Price band explanation

Orkla India’s IPO has a fixed price band from ₹695 to ₹730 per equity share. This range sets the boundaries for investors to bid for company shares. The company’s value stands at roughly ₹10,000 crore at the upper price limit.

The Orkla IPO is set up as an Offer for Sale (OFS) of up to 22,843,004 equity shares. Since it’s an OFS, the company won’t get any money from the share sale – it goes straight to the selling shareholders. Orkla India worked with Book Running Lead Managers to set these prices and published them in major newspapers like Financial Express, Jansatta, and Vishwavani.

Retail investor lot size

The smallest lot you can buy is 20 shares. You’ll need ₹14,600 to invest if you’re paying the upper price of ₹730 per share. This standard lot size helps organize participation from different types of investors.

Want to invest more? Retail investors can buy up to 13 lots or 260 shares. That’s about ₹1,89,800 at the upper price band. If you want to invest more than that, you’ll need to apply as an HNI (High Net-worth Individual).

The detailed investment breakdown looks like this:

Application	Lots	Shares	Amount (at ₹730)
Retail (Min)	1	20	₹14,600
Retail (Max)	13	260	₹1,89,800

Implications for small investors

The minimum investment of ₹14,600 makes this IPO more available to retail investors than many others. That said, it’s still a substantial amount for many individual investors.

Small investors get a fair shot at allocation. The rules set aside at least 35% of the Net Offer for Retail Individual Bidders, as per SEBI ICDR Regulations.

Everyone except Anchor Investors must use the Application Supported by Blocked Amount (ASBA) process. You’ll need to provide your bank account or UPI ID details where the bid amount will be blocked. This makes the application process more transparent and efficient.

Based on the company’s financial performance and market position we discussed earlier, you should think about whether this investment matches your portfolio goals and risk appetite. The current Grey market premium hints at possible listing gains, but remember – these unofficial indicators don’t guarantee anything.

Grey Market Premium and Listing Outlook

The Grey market activity gives us a good idea about Orkla shares’ performance on listing day. Market trends and their meaning deserve a closer look for anyone planning to invest.

Current GMP and its movement

The Grey Market Premium (GMP) for Orkla India Ltd IPO reached ₹105-106 as of October 28, 2025. Market estimates suggest a listing price around ₹836 per share, calculated from the upper price band of ₹730. The GMP has shown notable changes in the last week. The premium hit its peak at ₹145 on October 24. It dropped to ₹132 on October 25 and settled at ₹114 by October 27. This downward movement points to shifting market sentiment as the IPO opening date gets closer.

What GMP tells us about demand

Grey market premium shows us how excited investors are before the official listing. The current GMP, even after recent drops, points to strong demand for Orkla shares. Investors seem ready to pay 14-15% above the IPO price, with premiums ranging from ₹105-114[252]. The company’s business model and growth prospects have earned market confidence. Financial experts say investor interest stays strong despite the premium changes.

Expected listing gains or risks

Current GMP patterns suggest possible listing gains between 14.38-15.6%. Successful applicants might earn around ₹2,280 per lot. The positive outlook looks promising, but remember that GMP data comes from unofficial sources and speculation. Smart investors should not rely just on Grey market trends that can change quickly. New IPO investors should focus on basic company strengths rather than short-term GMP movements to make smart choices.

Conclusion

Orkla India’s IPO gives investors a great chance to be part of India’s faster-growing packaged food industry. Without doubt, the company’s strong market position makes this offering worth a look, especially when you have its brands dominating South India through exceptional distribution networks. The company’s impressive financial performance shows growing revenues, healthy profit margins, and minimal debt that strengthen its investment appeal.

The IPO subscription window runs tight from October 29-31, 2025, leaving investors just three days to act. Getting your application materials ready and funds arranged ahead of time helps avoid any last-minute issues. The current Grey market suggests potential listing gains of 14-15%, but these unofficial indicators shouldn’t be your only reason to invest.

New IPO investors should weigh both the benefits and risks carefully. The minimum investment of ₹14,600 makes this offering available to many investors, but it needs careful thought. Your decision should align with Orkla’s fundamentals and your investment goals.

You can apply through ASBA or take the simplified UPI route. Learning the application process now will prepare you better for when subscriptions open. Success in IPO investing comes from good preparation and picking the right company at the right moment.

Frequently Asked Questions

1. What is the size of the Orkla India IPO?

The Orkla India IPO is valued at ₹1,667.54 crore and consists entirely of an offer for sale (OFS) of 2.28 crore equity shares. This means existing shareholders will be selling their shares, with no new equity being issued by the company.

2. What does the current Grey Market Premium (GMP) indicate for Orkla IPO?

As of October 28, 2025, the Grey Market Premium for Orkla India IPO is around ₹105-106, suggesting an estimated listing price of approximately ₹836 per share. This indicates strong market interest, with investors potentially willing to pay about 14-15% above the IPO price.

3. What are the key dates for the Orkla India IPO?

The Orkla India IPO opens for subscription on October 29, 2025, and closes on October 31, 2025. The basis of allotment is expected to be finalized on November 3, 2025, with refunds and share crediting occurring on November 4, 2025. The shares are scheduled to list on the NSE and BSE on November 6, 2025.

4. How can investors apply for the Orkla IPO?

Investors can apply for the Orkla IPO through the ASBA process via their bank’s internet banking portal or by submitting a physical ASBA form. Alternatively, they can use the UPI method through broker apps. The minimum lot size is 20 shares, requiring an investment of ₹14,600 at the upper price band.

5. What is Orkla India’s market position and growth potential?

Orkla India has a strong presence in South India’s packaged spices market, with significant market shares in Karnataka (31.2%) and Kerala (41.8%). The company operates in the rapidly growing packaged food industry, which was valued at ₹10,180 billion in fiscal 2024 and is projected to continue expanding. Orkla’s diverse product portfolio and strategic acquisitions position it well for future growth in this market.

October 28, 2025

Lenskart IPO: Full Details on Price Band, Lot Size & Grey Market Premium

Lenskart, the eyewear giant, plans to launch one of India’s largest public offerings of 2025, with a current grey market premium of ₹68. The IPO worth ₹7,278.01 crore will open from October 31 to November 4, 2025, and has created quite a buzz among retail investors.
The company’s massive offering combines a fresh issue of ₹2,150 crore and an offer for sale (OFS) of 127,562,573 shares worth ₹5,128.01 crore. Lenskart has grown into a powerhouse in the eyewear market with 2,806 stores worldwide – 2,137 in India and 669 across other countries. The company has fixed its price band between ₹382 and ₹402 per share. Retail investors need to buy a minimum lot of 37 shares, which means an investment of at least ₹14,874. The IPO’s grey market premium hints at possible listing gains when it debuts on November 10, 2025. This piece covers everything in the Lenskart IPO to help you make a smart investment choice.
What are the key dates for Lenskart IPO?

Lenskart has announced all essential dates in its Red Herring Prospectus (RHP) filed on October 25. Here’s what you need to know about the timeline of this major eyewear retail offering.
IPO opens on October 31 and closes on November 4
The company has set a three-day subscription window for its IPO. Bidding starts on Friday, October 31, 2025, and ends on Tuesday, November 4, 2025. Anchor investors can bid for one day on October 30, 2025.
Retail investors must complete their UPI mandate by 5 PM on November 4, 2025. The mandate end date is November 19, 2025, which gives enough time to complete all steps.
Anchor investors will see a phased lock-in period. Half of their investments will have a lock-in until December 6, 2025, and the rest until February 4, 2026.
Allotment expected on November 6
Lenskart will finalize share allotment on Thursday, November 6, 2025. Investors will learn if they got shares based on the company’s criteria. Several reliable sources confirm this allotment date.
The company will start refunds on Friday, November 7, 2025. Successful applicants will get their Lenskart shares in their demat accounts the same day. This quick processing helps complete all steps before trading begins.
Listing scheduled for November 10
Lenskart shares will debut on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday, November 10, 2025. The grey market premium ranges between ₹68 and ₹120, which many investors watch closely [prior section information].
Market analysts track the grey market premium to gage potential listing gains [prior section information]. The premium changes with market sentiment and might not always predict the actual listing performance.
The timeline from October 30 to November 10 will see Lenskart become a publicly traded company. This stands as one of 2025’s largest consumer retail sector IPOs. This schedule helps investors plan their participation and understand each step of the IPO process.
How is the IPO structured and who is selling shares?
Lenskart’s public offering combines fresh capital for business expansion with partial exits for early backers. The detailed breakdown shows major participation from founders and institutional investors in this eyewear IPO.
₹2,150 Cr fresh issue and ₹5,128 Cr OFS
Lenskart’s IPO totals ₹7,278.02 crore with two main parts. The company will raise ₹2,150 crore through fresh equity shares for business growth. Additionally, existing shareholders will sell 12.76 crore shares worth ₹5,128.02 crore at the upper price band through an offer for sale (OFS).
This setup means the company receives 29.5% of the total IPO proceeds, while existing investors get 70.5% by selling their stakes. The company won’t receive any money from the OFS portion. The IPO serves two purposes: it brings growth capital for Lenskart’s expansion and lets early investors cash out their investments.
Promoters and investors participating in OFS
The core team and major institutional investors are part of the OFS. CEO and founder Peyush Bansal leads the individual stake sales with 2.05 crore shares. His sister and co-founder Neha Bansal plans to sell about 10.1 lakh shares.
Other key promoters Amit Chaudhary and Sumeet Kapahi will each sell around 28.7 lakh shares. After this partial exit, Lenskart’s four promoters will keep about 17-18% of the company post-IPO – the highest among new-age listed companies.
SoftBank’s SVF II Lightbulb (Cayman) Ltd tops the investor list with 2.55 crore shares for sale. Other major sellers include Kedaara Capital Fund II LLP, PI Opportunities Fund II (ChrysCapital), MacRitchie Investments (KKR), Alpha Wave Ventures, Schroders Capital, and TR Capital.
Breakdown of shares offered by each stakeholder
Early investors stand to make substantial returns. Peyush Bansal’s 2.05 crore shares could fetch about ₹824 crore at the upper price band of ₹402. Neha Bansal’s stake sale should bring in roughly ₹41 crore. Amit Chaudhary and Sumeet Kapahi each expect around ₹115 crore from their sales.
SoftBank leads the institutional investors with 2.55 crore shares worth about ₹1,026 crore. They bought these shares at ₹74.26 average price, making 5.4x returns. Premji Invest (PI Opportunities Fund) shows even better results with 16.7x returns, having paid just ₹24.14 per share.
Schroders Capital will make 10x returns by selling 1.91 crore shares worth ₹766 crore. Temasek expects 4.1x returns on its ₹316 crore stake sale. Kedaara Capital and Alpha Wave should see healthy returns of 5.4x and 3.8x respectively.
These impressive returns might shape the grey market premium as the IPO subscription dates near. Market watchers now focus on how these large stake sales could affect investor sentiment toward the IPO’s grey market premium.

What is the price band and lot size for retail investors?
Lenskart Solutions has set key financial details that let retail investors participate in its upcoming public offering. This eyewear sector listing brings vital information for investors who want to buy shares.
Price band set at ₹382–₹402 per share
The eyewear retailer’s IPO price band ranges from ₹382 to ₹402 per equity share. Each share has a face value of ₹2. Lenskart’s value will reach approximately ₹69,726 crore (about ₹675.04 billion) at the upper end of the price band. This value shows the company’s strong market position with its wide network of stores in India and abroad.
The company offers a ₹19 discount per equity share to eligible employees. This benefit helps employees own a part of the company as it goes public.
Minimum investment of ₹14,874 for 37 shares
Retail investors need to buy shares in lots of 37 equity shares. A single lot costs ₹14,874 at the upper price band. This entry point makes the IPO available to individual investors and maintains good lot economics.
Investors can apply for up to 13 lots, which equals 481 shares worth ₹1,93,362 at the upper price band. Anyone who wants to buy between 14 and 67 lots falls into the small high-net-worth individuals (S-HNI) category.
Retail, QIB, and NII reservation percentages
The company has divided its offering among different investor groups. Qualified institutional buyers (QIBs) get at least 75% of the net offering. Non-institutional investors (NIIs) can access up to 15% of the offering.
Retail investors get up to 10% of the total IPO size. This structure follows regulatory rules for large public offerings and helps secure big institutional investments while giving retail investors a chance to participate.
The current grey market premium shows strong investor interest beyond the formal price band. Reports show the IPO’s grey market premium ranges from ₹68 to ₹84 above the upper price band. This could mean a strong listing performance.
How will Lenskart use the IPO proceeds?
Lenskart plans to raise ₹2,150 crore through its fresh issue component. The eyewear giant has laid out a clear strategy to allocate these funds. Their Red Herring Prospectus details how they’ll deploy this capital across several strategic initiatives over the next three years.
Store expansion and lease payments
Lenskart will use much of its IPO proceeds to grow its physical retail presence. The company plans to spend ₹272.62 crore on capital expenditure to set up new company-operated, company-owned (CoCo) stores across India. This money will cover everything from store fit-outs to interiors and setup costs.
The company has set aside an even bigger amount of ₹591.44 crore to pay for lease, rent, and license agreements for these CoCo stores. This shows Lenskart’s big push for offline expansion and makes up about 27.5% of the total fresh issue proceeds.
Technology upgrades and brand marketing
Lenskart’s tech-focused retail approach means they’ll invest ₹213.37 crore in better technology and cloud infrastructure. This money will help develop AI-driven customer tools and backend systems. It will also pay their internal technology team’s salaries. So, this investment will boost both online and in-store customer experiences.
Brand development plays a crucial role in Lenskart’s growth plans. They’ve earmarked ₹320.06 crore for marketing and business promotion. These funds will help spread brand awareness in both local and international markets. This could affect the live grey market premium as investors watch the company’s growth path.
General corporate purposes and acquisitions
The rest of the money—up to 35% of the total issue size—will go to two main areas. They’ll use it to buy other companies that can expand their product range and reach. The funds will also support general business operations.
While Lenskart hasn’t named specific companies they want to buy, this flexible funding gives them room to grab growth opportunities. As the IPO draws closer, market watchers will track how these investment plans affect the IPO’s grey market premium. The company’s balanced approach to using this money shows their focus on sustainable growth.
What does the grey market premium of IPO suggest?
Lenskart’s upcoming IPO’s grey market performance shows most important investor interest with noticeable price swings before its public subscription period.
GMP currently ranges from ₹68 to ₹120
Lenskart’s shares’ live grey market premium has expressed substantial volatility lately. The GMP reached its peak at ₹120 on October 26 that indicates strong demand. All the same, the premium dropped to ₹68 just a day later on October 27. Market trackers reported varying figures – one source showed a GMP of ₹91, while others quoted ₹75 and ₹84. These differences highlight grey market trading’s informal nature.
Expected listing gains based on GMP
These premium figures suggest investors might see listing gains between 16.92% to 29.85% above the upper price band of ₹402. The potential listing price could range from ₹470 (with ₹68 GMP) to ₹522 (with ₹120 GMP). One source projects a listing price of ₹493 with a 22.64% potential gain. Another estimate points to ₹477, suggesting an 18.66% return.
Cautionary note on relying solely on GMP
Keep in mind that grey market premium trades happen in an unofficial, unregulated market. These premiums can change faster before the actual listing. Financial experts call it risky to base investment decisions only on GMP. Potential subscribers should assess complete factors like Lenskart’s fundamentals, growth outlook, market position, and overall market conditions instead of just following grey market trends.
Conclusion
Lenskart’s upcoming IPO is one of the biggest public offerings in India’s retail sector for 2025. Investors can join this experience from October 31 to November 4. The company’s ₹7,278.01 crore offering comes with a price band of ₹382-₹402 per share. Retail investors can access this IPO with a minimum investment of ₹14,874 for 37 shares, though only 10% of shares are set aside for this category.
The eyewear leader plans to use ₹2,150 crore from fresh issues to expand stores, advance technology, and build its brand. Early backers like SoftBank and Premji Invest will get impressive returns through the OFS component while keeping substantial stakes in the company.
The grey market premium fluctuates between ₹68 and ₹120, which hints at possible listing gains when shares hit the market on November 10. Smart investors should look past these unofficial indicators. They need to see Lenskart’s strong position with 2,806 stores worldwide and its clear growth plans.
This IPO marks a turning point as Lenskart moves from private to public ownership with a valuation near ₹69,726 crore. Investors should weigh the company’s growth path, its edge in the eyewear market, and its financial strength before they decide to invest in this eagerly awaited offering.
Frequently Asked Questions

1. What is the price range for Lenskart’s IPO?

Lenskart has set its IPO price band between ₹382 and ₹402 per equity share. The minimum investment required for retail investors is ₹14,874 for a lot of 37 shares.

2. When can investors subscribe to the Lenskart IPO?

The Lenskart IPO is scheduled to open for public subscription on October 31, 2025, and will close on November 4, 2025. The listing is expected to take place on November 10, 2025.

3. How will Lenskart use the funds raised from the IPO?

Lenskart plans to use the IPO proceeds for store expansion, technology upgrades, brand marketing, and potential acquisitions. Specific allocations include ₹273 crore for new stores, ₹591 crore for lease payments, and ₹213 crore for technology infrastructure.

4. What does the grey market premium indicate about Lenskart’s IPO?

The grey market premium for Lenskart’s IPO has ranged from ₹68 to ₹120, suggesting potential listing gains of 16–30%. However, investors should note that grey market premiums are unofficial and can be highly volatile.

5. Who are the major sellers in Lenskart’s IPO?

The IPO includes an Offer for Sale (OFS) component where existing shareholders will sell shares. Major sellers include founder Peyush Bansal (2.05 crore shares), SoftBank (2.55 crore shares), and other institutional investors like Kedaara Capital and PI Opportunities Fund.

October 28, 2025
Canara IPO 2025: Grey Market Premium, Allotment Date & Investor Outlook

Canara IPO 2025: Grey Market Premium, Allotment Date & Investor Outlook

The Canara Robeco AMC IPO allotment date is set for October 14, 2025, following its launch in the Indian primary market today. This ₹1,326.13 crore initial public offering marks a significant milestone as one of the first public offerings by a PSU-backed mutual fund in recent years.
According to market observers, the IPO watch GMP today shows Canara Robeco trading at a premium of ₹35, suggesting a potential listing gain of approximately 13% over the upper price band. The Canara Bank IPO date schedule indicates the offering will remain open until October 13, with shares priced between ₹253 and ₹266. Additionally, early subscription data shows moderate investor interest, with the retail portion subscribed 0.13 times and the NII segment filled 0.07 times by the first morning of bidding. In this article, we’ll examine the upcoming IPOs GMP trends, analyze whether the IPO of Canara Bank’s asset management arm presents a worthwhile investment opportunity, and provide you with essential insights to make an informed decision.

IPO Overview: What You Need to Know About Canara Robeco 2025

Canara Robeco’s market debut represents a significant milestone in the asset management industry. This public offering has generated considerable buzz among investors keen on financial sector opportunities. Let’s examine the key aspects of this IPO.

IPO size and structure

The Canara Robeco AMC IPO comes with a substantial offer size of ₹1,326.13 crore, comprising 4.99 crore equity shares. The company has established a price band between ₹253 and ₹266 per share with each share having a face value of ₹10.
For retail investors, the minimum application requires 56 shares per lot, translating to a minimum investment of ₹14,896 at the upper price band. The regulatory allocation follows a structured approach with up to 50% reserved for Qualified Institutional Buyers, at least 15% for Non-Institutional Investors, and a minimum of 35% earmarked for Retail Individual Investors.

Canara Bank IPO date and timeline

The subscription window for this IPO opens on October 9, 2025 and closes on October 13, 2025. Before the public bidding begins, Canara Robeco conducted its anchor investor round on October 8, 2025, successfully raising ₹397.84 crore from these marquee investors.
The tentative Canara ipo allotment date is set for October 14, 2025, with share credits to successful applicants’ demat accounts expected by October 15. Subsequently, the company plans to list on both the BSE and NSE with a tentative listing date of October 16, 2025.
Investors using UPI for payments should ensure mandate confirmation by 5 PM on the final subscription day (October 13) to avoid application issues.

Offer for Sale: What it means for investors

Notably, this IPO is structured entirely as an Offer for Sale (OFS) by the promoter shareholders. The selling shareholders include Canara Bank offering up to 25,924,266 equity shares and ORIX Corporation Europe N.V. offering 23,930,091 equity shares.
Given that it’s a complete OFS, the company itself won’t receive any proceeds from this public issue. Instead, all funds raised (minus expenses) will directly benefit the selling shareholders. This structure implies that investors are buying existing shares rather than contributing to new capital for business expansion.
Despite being an OFS, financial experts like Anuj Gupta suggest the IPO might still attract investors due to its potential to unlock value in the AMC business.

Company Fundamentals and Financial Performance

With the Canara ipo allotment date approaching, let’s examine what makes this asset management company financially attractive to potential investors.

Business model and AMC market position

As India’s second-oldest asset management company established in 1993, Canara Robeco operates as a joint venture between Canara Bank (51%) and ORIX Corporation Europe (49%). The company manages 26 mutual fund schemes across equity, debt, and hybrid categories, maintaining a stable 1.5% market share in the industry. Its distribution network spans over 52,000 partners, though its distributor base of 50,935 remains smaller compared to industry giants like HDFC AMC (95,000) and Nippon Life AMC (1.11 lakh).

Revenue and profit growth trends

The company’s financial trajectory shows remarkable growth preceding the ipo of canara bank’s asset management arm. Revenue surged from ₹205 crore in FY23 to ₹404 crore in FY25—a 40% CAGR. Correspondingly, profit after tax jumped from ₹79 crore to ₹191 crore during the same period—representing a 55.4% CAGR. The cost-to-income ratio improved significantly from 47.7% in FY23 to 36.2% in FY25, while employee costs decreased from 29.1% of revenue to 21.9%.

Asset under management (AUM) breakdown

Canara Robeco’s average AUM reached ₹1.11 lakh crore as of June 2025, growing at a 28.6% CAGR from FY23. The company maintains a strong equity focus with 91.7% of AUM in equity funds, significantly higher than competitors like HDFC AMC (61.9%) and Nippon Life (48.1%). Notably, SIP assets formed about 33% of total AUM, well above the industry average of 21%.

Retail vs institutional investor base

A distinctive feature affecting upcoming ipos gmp performance is the company’s retail dominance—87% of AUM comes from retail and HNI investors. The firm manages 50.5 lakh folios, with 99% belonging to individual investors. This retail focus provides a sticky, granular client base less prone to sudden withdrawals.

Return on equity and margins

For investors monitoring ipo watch gmp today, the company’s profitability metrics appear compelling. Canara Robeco maintains a robust ROE of 36.3%, outpacing HDFC AMC (32.4%) and Nippon Life (32%). EBITDA margins expanded from 55.18% in FY23 to 65.41% in FY25, while the PAT margin improved to 47.2%.

Grey Market Premium and Subscription Insights

Market response offers early signals about investor appetite for the ipo of canara bank’s asset management business. Let me break down the current indicators.

ipo watch gmp today: latest figures

As of October 9, 2025, the Canara Robeco IPO GMP stands at ₹35-₹38, indicating a potential listing gain of approximately 13-14% over the upper price band. Interestingly, this reflects an upward trend from the previous day’s GMP of ₹20. The estimated listing price based on current Grey market trends hovers around ₹301 per share.

Subscription status by category

On day 1 of bidding, the overall subscription reached a modest 0.06-0.08 times. The retail segment showed the strongest initial interest at 0.13 times, followed by small NIIs at 0.11 times. Meanwhile, QIBs had yet to place significant bids as of the first morning. This pattern aligns with typical IPO behavior, where institutional investors often wait until closer to the closing date.

How GMP and subscription affect listing price

Grey market premiums generally serve as unofficial predictors of listing performance. However, experts caution that GMP remains subject to market volatility and shouldn’t be the sole factor in investment decisions. Furthermore, subscription trends across investor categories—particularly QIB participation—typically influence final listing outcomes.

Market sentiment and volatility impact

The rising GMP amid broader market pressure demonstrates remarkable resilience. Nevertheless, recent IPO fatigue appears evident, with 10 out of 14 recent issues trading below their offer prices.

Investor Outlook: Should You Apply or Wait?

Examining investor sentiment ahead of the canara ipo allotment date reveals divided expert opinions on this asset management offering.

Expert opinions on valuation

At the upper price band of ₹266, Canara Robeco trades at a P/E of 27.8x based on FY25 earnings. This appears moderately priced compared to HDFC AMC (48.2x) and Nippon Life (43.3x), yet commands a premium over Aditya Birla Sun Life (24.6x) and UTI AMC (22.8x). BP Equities recommends a “SUBSCRIBE” rating for medium to long-term horizons, whereas Anand Rathi considers it “fully priced”.

Short-term vs long-term potential

The ipo watch gmp today suggests a listing gain of approximately 13%, indicating modest short-term returns. Conversely, long-term investors may benefit from India’s mutual fund industry growth, expected at 16-18% CAGR between FY25-FY30. As Gurmeet Chadha notes, “In terms of pure growth, my sense is the top ones are better”.

Risks in mutual fund industry

Primary concerns include market volatility affecting fund performance, regulatory changes impacting fees, and economic downturns reducing investor confidence. Furthermore, 91.17% concentration in equity schemes creates disproportionate exposure to market fluctuations.

How this IPO compares to other PSU-backed IPOs

Unlike many PSU offerings, Canara Robeco demonstrates superior profitability with a 47.2% PAT margin and impressive 36.2% ROE. The upcoming ipos gmp trends suggest stronger investor interest than some recent PSU listings.

Ideal investor profile for this IPO

This offering suits investors with high risk tolerance seeking long-term growth. As Reliance Securities notes, it represents “a compelling play on India’s ongoing financialisation”. Essentially, it fits portfolios focused on India’s retail investment momentum.

Conclusion

Canara Robeco Asset Management Co Ltd IPO certainly presents an intriguing opportunity for investors looking to capitalize on India’s growing mutual fund industry. Despite being structured as a complete Offer for Sale, the company’s impressive financial metrics stand out—particularly its 55.4% profit CAGR and robust 36.3% ROE, which surpasses several industry competitors.
Nevertheless, potential investors should carefully weigh both the strengths and limitations before applying. On one hand, the company demonstrates solid fundamentals with expanding EBITDA margins and a sticky retail-dominated investor base. Additionally, the current Grey market premium suggests reasonable listing gains around 13-14%.
Conversely, concentration risk exists due to the heavy equity focus, which accounts for over 91% of AUM. Furthermore, the moderate Day 1 subscription numbers indicate cautious initial investor sentiment, though this often changes as the bidding window progresses.
Based on expert assessments, this IPO appears most suitable for investors with medium to long-term horizons rather than those seeking substantial listing pop. Equally important, the pricing at 27.8x P/E positions it between premium-valued leaders and more affordable smaller players in the AMC space.
Overall, we believe Canara Robeco represents India’s ongoing financial services evolution, though investors must align their expectations accordingly. The October 14 allotment date approaches quickly, thus prudent investors should consider their risk appetite, investment timeline, and portfolio diversification needs before making their final decision.

FAQs

1. What is the price range for the Canara Robeco AMC IPO?

The Canara Robeco AMC IPO has set a price band of ₹253 to ₹266 per share, with a lot size of 56 shares.

2. When is the expected allotment date for the Canara Robeco IPO?

The tentative allotment date for the Canara Robeco IPO is set for October 14, 2025.

3. What does the current Grey Market Premium indicate about the IPO?

The current Grey Market Premium of ₹35-₹38 suggests a potential listing gain of approximately 13-14% over the upper price band.

4. How does Canara Robeco’s financial performance compare to its competitors?

Canara Robeco demonstrates strong financial metrics with a 55.4% profit CAGR and a 36.3% ROE, which surpasses several industry competitors.

5. Is the Canara Robeco IPO suitable for short-term or long-term investors?

The Canara Robeco IPO appears more suitable for investors with medium to long-term horizons, rather than those seeking substantial short-term gains.

October 9, 2025
LG Electronics India IPO Analysis: Hidden Facts Behind the $8.7B Valuation
LG Electronics India IPO Analysis: Hidden Facts Behind the $8.7B Valuation

LG Electronics has created a buzz with its much-awaited Indian unit IPO. The company aims for a massive valuation of $8.7 billion (over ₹77,000 crore). The electronics giant plans to raise up to ₹11,607.01 crores by selling 10.18 crore shares through an offer-for-sale structure.
Our team has really looked into LG Electronics’ IPO details and found some key points you should know. The company’s share price band sits between ₹1,080 and ₹1,140 per share. Investors can subscribe to the IPO from October 7 to October 9, 2025. Retail investors need ₹14,820 minimum to buy 13 shares at the upper price. The company’s price-to-earnings ratio ranges from 33.27 to 35.12 times its diluted EPS for FY2025. Many analysts find these levels attractive.
Let’s take a closer look at LG Electronics India’s IPO valuation. We’ll get into its business model and financial performance. Our complete analysis will compare the company with industry peers to help you make a smart investment choice.

IPO Structure and Key Details

LG Electronics India’s IPO stands as one of the biggest public offerings in India’s capital markets for 2025. Here’s a detailed breakdown of its structure and key dates.

IPO size, price band, and offer type

The IPO comprises 10,18,15,859 equity shares with a face value of ₹10 each. This pure Offer for Sale (OFS) structure means LG Electronics Inc. will receive the entire ₹11,607 crore raised, as no fresh capital will be issued. The Indian subsidiary won’t get any funds from this offering.
The price band ranges between ₹1,080 and ₹1,140 per share. LG Electronics India’s post-IPO market capitalization will reach about ₹77,820 crore ($8.7 billion) at the upper end of this range.

Lot size and minimum investment

Retail investors need to buy a minimum lot of 13 shares, which means investing ₹14,820 at the upper price band. They can apply for up to 13 lots (169 shares), which comes to ₹1,92,660. The company will give eligible employees a discount of ₹108 per share.

Retail, QIB, and NII reservation breakdown

The IPO allocation follows this pattern:
Qualified Institutional Buyers (QIBs): Not more than 50% of the offer
Non-Institutional Investors (NIIs): Not less than 15% of the offer
Retail Investors: Not less than 35% of the offer
The company has also set aside up to 2,10,728 shares for eligible employees.

Anchor investor participation and timeline

Anchor investor bidding starts on October 6, 2025, a day before public subscription begins. Here’s the complete schedule:
IPO Opening: October 7, 2025
IPO Closing: October 9, 2025 (5 PM cut-off time for UPI mandates)
Basis of Allotment: October 10, 2025
Refund Initiation: October 13, 2025
Credit of Shares to Demat Account: October 13, 2025
Listing Date: October 14, 2025 on both NSE and BSE
The anchor investor lock-in period ends after 30 days for 50% of the shares (November 9, 2025) and after 90 days for the remaining portion (January 8, 2026).

Business Overview of LG Electronics India

LG Electronics India Ltd, a 26-year old wholly-owned subsidiary of South Korea’s LG Electronics Inc., started operations in January 1997. The brand has grown into one of India’s leading consumer electronics names over the last several years.

Core product segments and services

Two main business segments drive LG Electronics India’s operations. The Home Appliances & Air Solutions division brings in 73.4% of revenue, while Home Entertainment generates 26.6%. Their product lineup includes refrigerators, washing machines, air conditioners, televisions, microwave ovens, water purifiers, and audio-visual equipment. The company’s revenue streams stay steady through installation services, repairs, and yearly maintenance contracts.

Manufacturing and distribution footprint

Two advanced manufacturing facilities in Greater Noida and Ranjangaon (Pune) showcase LG’s production strength. These plants have a combined capacity of 14.51 million units and run at 77% utilization in FY2025. The facilities produce many crucial components like compressors and motors in-house. LG Electronics India plans to invest ₹5,001 crore in a third plant at Sri City, Andhra Pradesh. This facility should start production by November 2026.

Market share and competitive positioning

LG Electronics India leads India’s home appliances and consumer electronics market. The company has held the top spot for four straight years through H1 CY2025. Their market dominance shows in impressive numbers across products. They hold 33.5% in washing machines, 29.9% in refrigerators, 27.5% in panel televisions, and 51.4% in microwaves. These figures come from offline channels, which make up about 78% of India’s consumer electronics market.

Financial Performance and Key Metrics

LG Electronics India’s exceptional performance in key metrics makes this IPO an attractive opportunity for investors.

Revenue and profit growth trends

The company’s revenue showed consistent growth from ₹19,865 crore in FY23 to ₹21,352 crore in FY24, marking a healthy 7.5% year-on-year increase. Revenue reached ₹24,367 crore in FY25, which established a solid 10.8% CAGR during this period. The strong performance continues with Q1 FY26 revenue at ₹6,796 crore.

EBITDA, PAT, and net worth analysis

The company’s profitability metrics improved remarkably. EBITDA margins grew from 9.6% in FY23 to 10.4% in FY24, and reached 12.8% in FY25. Profit After Tax rose from ₹1,345 crore in FY23 to ₹1,511 crore in FY24, and jumped to ₹2,203 crore in FY25. This growth represents an impressive 27.8% CAGR.

Return ratios: ROCE and RoNW

LG Electronics leads the industry with outstanding return metrics:
ROCE grew from 37.43% in FY23 to 45.31% in FY24, reaching 42.91% in FY25
RoNW increased from 27.35% to 40.45%, settling at 37.13% in FY25
This is a big deal as it means that these figures outperform competitors like Havells (17.7%), Voltas (12.9%), and Whirlpool (9.1%).

Debt-free status and capital efficiency

The company’s most impressive achievement is its zero-debt status, with cash reserves of ₹3,606 crore. LG Electronics’ short working capital cycle of 14.54 days enables excellent free cash flow conversion at 59.49%.

Valuation Breakdown and Peer Comparison

The LG Electronics India IPO’s valuation story makes for a fascinating case study that deserves a closer look.

LG Electronics India IPO valuation vs parent

The company’s market capitalization exceeds ₹77,000 crore (approximately INR 734.11 billion) at the upper price band. This value almost matches its South Korean parent’s INR 750.99 billion valuation. This similarity stands out because LG India’s revenue of INR 236.27 billion in FY25 remains substantially lower than LG Inc.’s INR 5428.19 billion.

Price-to-earnings (P/E) ratio analysis

The company’s P/E ratio reaches 35.12 times at the upper price band based on FY25 earnings. This calculation leads to a post-issue P/E multiple of 35.1x, derived from an EPS of ₹32.46. Industry observers believe this pricing strikes a balance between market sentiment and fundamentals.

Comparison with Whirlpool, IFB, and Samsung

LG’s valuation proves reasonable against domestic competitors. Whirlpool currently trades at 48x P/E, IFB at 59x P/E, and Orient Electric at 49x P/E. This competitive edge positions LG well in India’s consumer electronics market, where it already competes with Whirlpool and Samsung.

Market capitalization and EPS effect

The market capitalization should reach approximately ₹77,380 crore after the IPO. The company expects its post-IPO EPS to touch ₹30.25, a slight decrease from the current ₹32.46. New investors should see minimal dilution effects.

Analyst views on pricing and growth potential

SBI Securities backs the IPO with a ‘Subscribe’ rating. They note that “the company outshines them [peers] in most valuation parameters with superior return profile”. Samco Securities’ analysts also find the issue “attractively priced” and “compelling compared to listed peers”.

Conclusion

LG Electronics India’s IPO stands out as a promising investment backed by market dominance and financial strength. Our analysis shows several reasons why this offering outperforms its peers. The wholly-owned subsidiary of South Korea’s LG Electronics Inc. has managed to keep leadership positions in product categories of all types and delivered steady revenue growth at a 10.8% CAGR over the last two years.
The company’s financial health shines with expanding EBITDA margins, zero debt, and cash reserves of ₹3,606 crore. The 27.8% profit growth CAGR shows LG’s expertise to turn market leadership into strong financial results. The company’s return metrics make an even stronger case – both ROCE and RoNW numbers are substantially higher than competitors like Havells, Voltas, and Whirlpool.
The IPO’s valuation seems reasonable at 35.1x P/E ratio, especially compared to domestic peers that trade at much higher multiples. Notwithstanding that, investors should think over that this pure Offer for Sale structure means proceeds will go to the parent company instead of funding the Indian subsidiary’s growth.
The company’s plans to expand capacity through a third manufacturing facility in Sri City shows management’s confidence in future market needs. This IPO is a chance to invest in a market leader with proven financial discipline, strong brand recognition, and 20-year old manufacturing capabilities. The consumer electronics sector remains competitive, but LG’s long-standing presence and premium positioning are the foundations of sustained performance beyond the IPO.

Frequently Asked Questions

1. What is the size and type of LG Electronics India’s IPO?

The IPO is worth ₹11,607 crore, consisting entirely of an Offer for Sale (OFS) of 10.18 crore equity shares. No new shares will be issued, so the proceeds will go to the parent company, LG Electronics Inc.

2. What are the IPO dates and price band?

The IPO opens on October 7, 2025, and closes on October 9, 2025. The price band is ₹1,080–₹1,140 per share. Listing on NSE and BSE is scheduled for October 14, 2025.

3. What is the minimum investment for retail investors?

Retail investors can apply for a minimum of 13 shares (one lot), requiring ₹14,820 at the upper price band. They can apply for up to 13 lots, totaling 169 shares worth ₹1,92,660.

4. What are LG Electronics India’s key financial highlights?

Revenue increased from ₹19,865 crore in FY23 to ₹24,367 crore in FY25 (10.8% CAGR). Profit After Tax rose to ₹2,203 crore, and EBITDA margins expanded to 12.8%. The company is debt-free with ₹3,606 crore in cash reserves.

5. How does LG’s valuation compare with competitors?

At a P/E ratio of 35.1x FY25 earnings, LG is priced more reasonably than peers like Whirlpool (48x), IFB (59x), and Orient Electric (49x). Analysts consider the IPO attractively valued given its higher profitability and market dominance.

6. What are the main risks or concerns for investors?

Since the IPO is a pure OFS, no funds will go to LG Electronics India’s expansion directly. Investors should also consider the competitive nature of the consumer electronics sector and its reliance on consumer demand cycles.
October 7, 2025
Tata Capital IPO 2025: A Deep Dive into Pricing, GMP, and Market Sentiment

Tata Capital IPO is set to become the largest public offering by a Tata Group company in over a decade. With an impressive issue size of approximately ₹15,512 crore, this highly anticipated offering has already generated significant buzz among investors and market watchers alike.
The upcoming IPO has been priced in the range of ₹310 to ₹326 per share, notably at a 56% discount to its last traded unlisted market price of ₹735. Additionally, the offering consists of 47.58 crore shares, including a fresh issue of 21 crore equity shares and an offer for sale of 26.58 crore shares. Scheduled to open from October 6 to October 8, 2025, the Tata Capital IPO GMP (Gray Market Premium) has been fluctuating between ₹25-31 and ₹75-90 per share, indicating potential listing gains for investors.
In this article, we’ll take a comprehensive look at everything you need to know about the Tata Capital IPO. Furthermore, we’ll examine how this offering isn’t just a capitalization event but also driven by regulatory needs, as the RBI has mandated larger NBFCs to list, ensuring more transparency and investor trust. Whether you’re considering investing or simply staying informed, our analysis will help you understand the pricing strategy, market sentiment, and growth prospects of this significant offering from the Tata Group.

Tata Capital IPO 2025: Key Dates and Offer Structure

The much-anticipated Tata Capital IPO has a structured timeline for investors looking to participate. Let me walk through all the essential details you need to know.

IPO opening and closing dates

The subscription window for Tata Capital IPO opens on October 6, 2025, and will remain open until October 8, 2025. This three-day window applies to retail investors, high-net-worth individuals (HNIs), and other eligible categories. Mark your calendars if you’re planning to apply, as this timeframe is fixed without extension possibilities.

Anchor investor timeline

Regarding anchor investors, Tata Capital Ltd has scheduled the bidding day for October 3, 2025. The company has already secured ₹4,641.83 crore from these institutional investors, demonstrating strong pre-listing confidence. For these participants, there’s a structured lock-in period—50% of shares have a 30-day lock-in while the remainder faces a 90-day restriction.

Lot size and minimum investment

For retail investors, the minimum application requires a lot size of 46 shares. Given the upper price band of ₹326, this translates to a minimum investment of ₹14,996 per lot. Small non-institutional investors must apply for at least 14 lots (644 shares), requiring ₹2,09,944, whereas big non-institutional investors need a minimum of 67 lots, amounting to ₹10,04,732.

Breakdown of fresh issue vs OFS

The IPO comprises two components: first, a fresh issue of 21 crore shares aggregating to ₹6,846 crore. Second, an offer for sale (OFS) of 26.58 crore shares worth ₹8,665.87 crore. Within the OFS, Tata Sons will sell 23 crore shares while International Finance Corporation will divest 3.58 crore shares[81]. Importantly, proceeds from the fresh issue will strengthen Tata Capital’s Tier-1 capital base, whereas OFS proceeds go directly to the selling shareholders.

Listing date and exchanges

Following the subscription period, the basis of allotment will be finalized on October 9, 2025[62]. Subsequently, refunds to unsuccessful bidders and crediting of shares to successful applicants’ demat accounts will occur on October 10, 2025. The company has scheduled the listing of shares on both the BSE and NSE for October 13, 2025[81], which is when trading will officially commence.

Understanding Tata Capital IPO GMP

Behind every IPO launch exists an unofficial market that often provides early signals about investor interest. Let’s explore what Tata Capital’s gray market activity reveals about its potential listing performance.

What is Gray Market Premium (GMP)?

Gray Market Premium represents the amount investors are willing to pay above an IPO’s issue price before official listing. Essentially, it’s an unofficial trading environment where IPO applications and shares change hands outside formal exchanges. For example, if Tata Capital’s IPO price is ₹326 and the GMP is ₹25, it suggests investors expect the shares to list around ₹351.

Current GMP trends for Tata Capital

As of September 30, 2025, Tata Capital’s GMP ranges between ₹25-₹31 per share above the upper price band. This indicates a potential listing price of approximately ₹353, suggesting an expected return of about 8.28%. Meanwhile, other tracking platforms report slightly different figures, with some showing a GMP of ₹21 or ₹24, highlighting the volatile nature of these unofficial markets.

How GMP reflects investor sentiment

The premium serves as a barometer of market excitement and demand before listing. A positive GMP, as seen with Tata Capital, generally signals strong investor interest. Nevertheless, this enthusiasm must be viewed in context – the IPO is priced at a steep 56% discount to its last traded unlisted price of ₹735, and 71% below its April 2025 peak of ₹1,125.

Limitations of relying on GMP

Despite its popularity as a predictive tool, GMP carries significant limitations. First, it operates in an unregulated environment with no official oversight. Moreover, historical patterns show that GMP predictions often fail to materialize – nearly 30% of Indian IPOs between 2023-2025 listed below their issue price. The National Securities Depository Ltd IPO presents a cautionary tale where the gray market premium evaporated completely, resulting in a 35% listing-day decline. Consequently, investment decisions based solely on GMP could lead to disappointing outcomes.

Tata Capital’s Financials and Valuation Metrics

Examining the financial health of any IPO prospect remains crucial for informed investment decisions. Let’s analyze what the numbers reveal about Tata Capital’s offering.

Revenue and profit growth over 3 years

Looking at the financial trajectory, Tata Capital has shown consistent growth in its balance sheet size and income generation capacity. The NBFC has focused on expanding its retail and SME lending portfolios, which has contributed to its revenue stability even during market fluctuations.

Key financial ratios post-IPO

After the public offering, Tata Capital’s capital adequacy ratio is expected to strengthen significantly. This improvement should provide additional cushion for business expansion while maintaining regulatory compliance. Similarly, the debt-to-equity ratio might see favorable adjustments once the fresh capital infusion takes place.

Comparison with listed NBFC peers

In comparison with established players like Bajaj Finance and HDFC, Tata Capital offers a unique value proposition through its diversified lending portfolio. Although newer to the public markets, the company’s brand association with the Tata Group gives it distinct advantages in terms of trust and customer acquisition costs.

Valuation vs industry average

The pricing band of ₹310-326 positions Tata Capital attractively compared to industry standards. In particular, when evaluating price-to-book ratios alongside earnings potential, the valuation appears reasonable for long-term investors seeking exposure to India’s growing financial services sector.

Should You Invest in Tata Capital IPO?

Making an investment decision about the Tata Capital IPO requires careful consideration of several factors. Let’s evaluate what makes this offering worthy of your attention—or not.

Strengths: Brand, growth, and distribution

The Tata brand legacy provides exceptional trust and credibility in the marketplace. Tata Capital has delivered impressive 25% annualized loan growth over the past three years. Its extensive distribution network includes 1,516 branches across 1,109 locations in 27 states. This reach, coupled with diversified revenue streams from wealth management and private equity, creates multiple growth engines.

Risks: High debt and sector sensitivity

On the flip side, Tata Capital’s debt-to-equity ratio stands at 6.6x, which is relatively high. The company’s unsecured loans comprise 21% of its total gross loans as of March 2025. Additionally, its average borrowing cost increased to 7.8% in FY25 from 6.6% in FY23, potentially squeezing margins if rates rise further.

Shareholder quota benefits

For retail investors, approximately 35% of the issue is reserved. This allocation strategy aims to balance retail participation while leveraging institutional interest. The employee reservation of 0.25% (12,00,000 shares) offers another targeted opportunity.

Short-term vs long-term outlook

According to market expert Avinash Gorakshankar, large IPOs often create hesitation among investors seeking quick listing gains. In reality, although the company may benefit from funds raised, it could take time before delivering strong numbers—making this more suitable for patient investors with long-term vision.

Conclusion

Tata Capital’s IPO represents a significant milestone for the Tata Group, marking its largest public offering in over a decade. The substantial discount of 56% compared to its unlisted market price certainly makes this offering worth considering for value-conscious investors. Additionally, the regulatory push from RBI for larger NBFCs to go public adds another layer of credibility to this listing.
While the GMP indicates positive listing gains potential, we must remember these unofficial premiums can be volatile and unreliable indicators of actual performance. Therefore, investment decisions should primarily rest on the company’s fundamentals rather than gray market speculation.
The company’s consistent growth trajectory and extensive distribution network provide strong foundations for future expansion. Nevertheless, high debt levels and sensitivity to interest rate fluctuations remain legitimate concerns that cannot be overlooked.
For retail investors, this IPO offers a balanced opportunity with its designated quota allocation. However, as with most large offerings, patience might prove essential. Short-term listing gains, although possible, should not be the primary motivation. Instead, Tata Capital’s brand strength and diversified business model make it a potentially rewarding long-term investment.
Ultimately, your decision to invest should align with your financial goals and risk tolerance. Considering all factors – from pricing strategy to market positioning – Tata Capital presents an intriguing opportunity within India’s growing financial services sector. Still, as with any investment, thorough research and possibly consulting with a financial advisor before committing your capital would be prudent.

FAQ

1. What is the issue size of Tata Capital IPO 2025?

The Tata Capital IPO has an issue size of approximately ₹15,512 crore, making it the largest Tata Group IPO in more than a decade. It includes a fresh issue of ₹6,846 crore and an offer for sale (OFS) of ₹8,665.87 crore.

2. What are the IPO dates for Tata Capital?

The subscription window will be open from October 6 to October 8, 2025. Anchor investor bidding is scheduled for October 3, 2025, and the listing on NSE and BSE will take place on October 13, 2025.

3. What is the price band and minimum investment?

The IPO is priced between ₹310–₹326 per share. The minimum lot size is 46 shares, requiring an investment of about ₹14,996 at the upper price band. Higher categories like small and big non-institutional investors have larger lot requirements.

4. What is Tata Capital IPO GMP and why does it matter?

The Gray Market Premium (GMP) for Tata Capital IPO has been fluctuating between ₹25–31 and ₹75–90 per share, indicating potential listing gains. However, GMP is unofficial, volatile, and not always a reliable indicator of performance.

5. How will the IPO proceeds be used?

Proceeds from the fresh issue will be used to strengthen Tata Capital’s Tier-1 capital base, while OFS proceeds will go to selling shareholders including Tata Sons and International Finance Corporation.

6. What are the key strengths of Tata Capital?

Tata Capital benefits from the trusted Tata brand, strong 25% annualized loan growth, a diversified business model, and a wide distribution network of 1,516 branches across India. These factors support long-term growth potential.

7. What are the main risks of investing in Tata Capital IPO?

Key risks include a high debt-to-equity ratio of 6.6x, exposure to unsecured loans, and rising borrowing costs (7.8% in FY25 vs 6.6% in FY23). Additionally, NBFCs are sensitive to interest rate movements.

8. Is Tata Capital IPO better for short-term listing gains or long-term investment?

While GMP suggests potential short-term listing gains, experts caution that large IPOs may take time to deliver strong financial results. Tata Capital IPO appears more suitable for patient, long-term investors rather than purely short-term traders.

October 1, 2025

Category: IPOs

All You Need to Know About the Meesho IPO

Meesho IPO Timeline: Mark Your Calendar

Share Allotment and Reservation Structure

Understanding Meesho’s Business and Financials

A Glimpse into Meesho’s Financial Performance

Objectives of the IPO Issue

How to Check Your Meesho IPO Allotment Status

Conclusion

Frequently Asked Questions

Excelsoft Technologies IPO 2025: Key Dates and Offer Structure

IPO opening and closing dates

Issue size and share breakdown

Price band and lot size

Registrar and lead manager details

Grey Market Premium (GMP) and Listing Expectations

Latest Excelsoft Technologies IPO GMP

What GMP indicates for listing price

How reliable is GMP for investors?

Business Model and Financial Performance

Overview of Excelsoft’s SaaS offerings

Client base and global presence

Revenue and profit growth trends

Key financial metrics from FY24 and FY25

Use of Proceeds and Strategic Goals

Investment in Mysore facility and infrastructure

IT upgrades and digital transformation

General corporate purposes

How these investments arrange with growth plans

Conclusion

FAQs

What is an IPO and why it matters

Definition of an Initial Public Offering

Why companies go public

Why investors are drawn to IPOs

The risks behind the hype

Lack of historical data

Volatility in early trading

Lock-up periods and insider selling

Overvaluation concerns

How to evaluate an IPO before investing

Understand the company’s business model

Check the company’s financials

Review the S-1 filing

Assess the management team

Compare with industry peers

Red flags and success signals

Warning signs to avoid

Positive indicators of a strong IPO

Examples of failed IPOs

Examples of successful IPOs

Conclusion

FAQs

Tenneco Clean Air IPO Snapshot

Issue size and offer type

Price band and valuation

Subscription categories and reservation

GMP trends and expected returns

Business Model and Market Position

Overview of clean air and powertrain solutions

Advanced ride technologies and product innovation

OEM relationships and export footprint

Revenue mix by segment and geography

Financial Health and Key Indicators

Top-line and bottom-line growth

EBITDA margin and value-added revenue

Balance sheet strength and net cash position

Working capital and asset utilization

Should You Invest in Tenneco India IPO?

Strengths and competitive advantages

Valuation vs peers

Expert reviews and broker recommendations

Who should think about applying?

Conclusion

FAQs

Physics Wallah IPO Details

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Lot size and minimum investment

Registrar and lead manager

Physics wallah ipo date and price