India’s fertility treatment market leader seeks Rs 90 crore for expansion as medical tourism set to increasae Gaudium IVF and Women Health Ltd. is tapping the capital markets with a Rs 165 crore initial public offering, positioning itself as India’s first pure-play listed fertility treatment company. The issue, which opens for subscription on February 20, … Read more
Four main board IPOs have lined up IPOs, but will they see enough subscription? The primary market is bracing for a busy fortnight with four mainboard initial public offerings aggregating Rs 5,700 crore set to open for subscription, even as Monday’s twin listings of Fractal Analytics and Aye Finance delivered a sobering reminder that investor … Read more
India’s Rs 2 lakh+ crore IPO pipeline faces a reality check as Sensex loses 3,000 points in nine days Two hundred companies. Over Rs 2 lakh crore in combined fundraising ambitions. Another 100-odd awaiting clearance for nearly Rs 1.4 lakh crore more. An unprecedented 244 draft red herring prospectuses were filed in 2025 alone — … Read more
Aye Finance Limited, one of India’s largest MSME lenders by customer count, opens its IPO on February 9, 2026 Aye Finance Limited, a mid-layer non-banking financial company (NBFC) incorporated in 1993, is set to list on the BSE and NSE through a fresh issue of approximately 24.7 crore shares at a price band of ₹122–129. … Read more
The 25-year-old Mumbai firm sells data and AI services to Fortune 500 companies. Now it wants Rs 2,834 crore from retail and institutional investors to fund its next chapter. Fractal’s business model is different. Fractal builds an AI model that monitors inventory across the entire network, classifies slow-moving items, identifies the root cause, and sends … Read more
A manpower solutions company with 10,374 deployed workers and 25 clients to raise Rs 17 cr PAN HR Solutions Ltd. is in the business of putting people to work — literally. The company provides comprehensive manpower solutions on a B2B model, supplying blue-collar workers ranging from unskilled labour to skilled personnel across client locations. Before … Read more
A specialty chemicals micro-cap with a 66-product portfolio, one factory, and 24 employees goes public on NSE SME Emerge Biopol Chemicals Ltd. traces its roots to United Chemical Company, a specialty chemicals trading business run by Santanu Sarkar out of West Bengal. In April 2023, the father-son duo incorporated Biopol Chemicals Ltd. in Ahmedabad, Gujarat, … Read more
India’s small and medium enterprise IPO market is exhibiting signs of differentiated investor appetite. For example, certain offerings are commanding significant oversubscription while others draw more cautious interest. The trend underscores a maturing SME segment where investors are moving beyond blanket enthusiasm toward more granular evaluation of business models, sectoral tailwinds, and management credibility. Besides, … Read more
Delhi manufacturer’s doubling profit margins increased substantially lately Grover Jewells operates in India’s highly traditional gold jewellery sector focusing primarily on wholesale manufacturing. The company produces jewellery across multiple karat variants—22K, 20K, and 18K—offering plain gold pieces, studded designs, and semi-finished products. What began as a chain-manufacturing specialist has evolved into a broader jewellery producer … Read more
The sneaker distributor’s margin explosion from 0.9% to 20%, so does it pass the muster? Brandman Retail’s maiden public offering lands in the market. The footwear distributor wants Rs 86.09 crore at a price band of Rs 167-176 per share, valuing the 19-store operation at Rs 325 crore. The business model is straightforward enough. Brandman … Read more