Sanjay Borade

Kotak Securities adopts Kotak Neo as its retail identity

Kotak Securities says its retail business will use the Kotak Neo identity, bringing digital and relationship-led offerings under one name. The legal entity and existing accounts, products, services and governance framework remain unchanged, it says.

HD Fire Protect sets INR 258–271 IPO band for an entirely promoter-sale offer

HD Fire Protect’s IPO opens October 13 at INR 258-271 a share. The offer could total INR 712.31 crore at the upper band, with all shares sold by promoters and no proceeds going to the company.

HDFC Pension survey finds higher NPS consideration among aware urban savers

HDFC Pension’s index rose to 57 from 54 in 2023. The survey covered 1,812 NPS-aware respondents aged 30–55 across 13 cities, so its findings should not be presented as a nationally representative measure.

KP Group sets FY32 targets for owned power, EPC and battery manufacturing

KP Group’s new strategy targets 10 GW of owned renewable generation, 10 GW of third-party EPC and 10 GWh of battery manufacturing by FY32. These are separate future business targets, not current operating capacity.

SRIT plans INR 218 crore IPO, with INR 124 crore planned for working capital

SRIT India's proposed fresh issue has an upper-band ceiling of INR 218.4 crore. Its filed RHP allocates INR 124 crore to working capital and INR 12.86 crore to product modernisation; the residual amount remains subject to issue expenses and final allocation.

JSW launches AMPSTAR for electric buses and trucks at planned 15,000-unit plant

JSW Greentech has unveiled AMPSTAR for electric buses and trucks, backed by a 90-acre Maharashtra manufacturing project. An ICRA assessment provides financing context, while the launch release leaves vehicle prices, external orders and delivery schedules undisclosed.

Four IPOs seek INR 1,507 crore, with 82 per cent earmarked for the companies

Adroit Industries, German Green Steel, Orient Cables and Runwal Enterprises plan overlapping September offers. Their announced structures allocate about INR 1,243 crore to fresh capital, while selling shareholders account for roughly INR 264 crore before offer expenses.

Sonaselection India opens a wholly fresh-issue IPO of about INR 142 crore

The Bhilwara fabric manufacturer opens on 17 September at INR 94 to 99 a share. The entire offer is fresh issue, with no selling shareholders at all.

Hero Motors seeks 73 times earnings on a three-year average return on net worth of 7.58 per cent

Hero Motors opens on 16 September at INR 79 to 84 a share, valuing it at INR 3,815 crore. Its fresh issue is down a quarter from its last draft.

BondsIndia rebrands as Digifinn

BondsIndia has renamed itself Digifinn and plans a presence in more than 50 cities in five years. It did not say whether its new backer has taken equity.

Creating Classrooms Where Every Child Belongs - Book Launch

Revathi Srinivasan, director education and principal, Smt. Sulochanadevi Singhania School publishes her book, Creating Classrooms Where Every Child Belongs with Raymond Group chairman and managing director Gautam Hari Singhania at the launch

Two IPOs open this week with 83 percent of the money going to the companies

Steamhouse India and Manika Plastech open within three days of each other. Between them, INR 445 crore of the INR 540 crore sought is fresh issue, an unusual split for a September window.

Manipal Payment and Identity Solutions IPO opens 9 September at INR 322 to 339 a share

The card manufacturer, which says it makes over a third of India's credit cards, is raising INR 320 crore in fresh issue alongside an offer for sale by promoter Manipal Technologies.

Chef Harpal Singh Sokhi invests in Indo-Chinese food brand Inchi

The chef has taken a stake in Navi Mumbai's Melting Pot Food Products alongside a brand ambassador role. The company is targeting over INR 500 crore in five years. Terms were not disclosed.

Rentomojo IPO opens 9 September at INR 384 to 404 a share

The rental platform's offer comprises INR 150 crore of fresh issue and an offer for sale of 27.4 million shares. Proceeds will partly repay borrowings and fund warehouse lease rentals.

Karamtara Engineering IPO opens 9 September at INR 241 to 254 a share

The offer totals up to INR 875 crore, comprising INR 675 crore of fresh issue and INR 200 crore of offer for sale, and closes on 11 September.

IPO by Saraswati Saree

Saraswati Saree Depot Limited shall open its Bid/Offer in relation to its initial public offer of Equity Shares on August 12, 2024. The total offer size of Equity Shares (face value ₹ 10 each) comprises of fresh issue of up to 6,499,800 Equity Share and Offer for Sale