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.
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Banking, Markets, money, the economy
India's BRICS trade has doubled in five years
India's trade with BRICS rose from USD 203 billion to USD 417 billion in five years. Exports account for USD 96 billion of that, leaving a deficit of about USD 225 billion.
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.
L&T Finance adds AI agent flight booking to its PLANET app with Pine Labs
L&T Finance will let AI agents complete flight bookings inside its PLANET app using Pine Labs' payments protocol, the first use case in a planned agentic commerce build-out.
Zuno's blended fuel add-on covers only cars registered after April 2023
Fuel Guard covers specified engine and fuel-system parts against damage caused directly by manufacturer-approved blended fuel. Eligibility starts at cars registered on or after 1 April 2023, which excludes the older cars owners have been asking about.
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.
India led Asia-Pacific fintech investment, on the strength of one Bengaluru round
India drew USD 2 billion of fintech investment in the first half, the largest share in Asia-Pacific. Cred's round alone is 45 percent of that, and deal count was flat.
Axis Mutual Fund opens NFO for a Nifty500 low volatility index fund
Axis Mutual Fund has opened a new fund offer tracking the Nifty500 Low Volatility 50 index. The expense ratio, minimum investment and fund manager were not disclosed.
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.
Three IPOs open on 9 September
Karamtara Engineering, Manipal Payment and Identity Solutions and Rentomojo all open Wednesday and close Friday. The shape of the three offers differs sharply in how much money reaches the companies.
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.
Moglix's Credlix crosses USD 1 billion in MSME export financing
The Moglix-owned trade finance platform has financed USD 1 billion of exports for over 1,000 MSMEs, and has committed USD 100 million to the India-Mexico corridor this financial year.
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.
SBI General reports Q1 premium growth of 10.9 percent
The insurer reported premium income of INR 3,506 crore and profit of INR 426 crore, in what it says are the first general insurance results published under Ind AS.
AVPN brings Asia's largest social investment conference to India for the first time
Close to 2,000 funders and investors are meeting at Bharat Mandapam, the first India edition in the conference's 13-year history, with Temasek Foundation and Piramal Group among those attending.
Freedom oil maker Gemini Edibles files for IPO
The Hyderabad company reported revenue of INR 12,650 crore in FY2026, but the issue is entirely an offer for sale, so the company raises nothing. Three of four sellers are foreign investors.