IPO News

Airtel Money priced its London IPO at $2.60 per share, valuing the fintech arm at $7 billion. The $700 million offering consists solely of existing shares, meaning the company will not raise new capital for its operations. Conditional trading begins October 9, aiming for FTSE UK index inclusion.

Airtel Money has priced its London IPO at 1.96 per share, valuing the African digital payments company at 5.3 billion. This is significantly below the $8-$9 billion previously projected, reflecting a cautious strategy to attract institutional investors and ensure a successful debut for the October 14 listing.

SEBI has approved the National Stock Exchange (NSE) IPO, along with three other companies, in the first week of September 2026. NSE plans an OFS of 14.89 crore shares. Cosmic PV Power, Monomark Engineering, and RKB Global also received regulatory clearance for their public issues.

Kanohar Electricals, a transformer manufacturer, is launching its Mainboard IPO from September 8-10, 2026. Shares are priced between INR 601-632, aiming to raise INR 1,018.67 1,055.74 crore. The issue includes a fresh issue of INR 300 crore and an Offer For Sale, with listing on September 16, 2026.

Steamhouse India's Mainboard IPO, valued at INR 425 crore, opens September 9, 2026, and lists September 17, 2026, on BSE and NSE. The industrial gas provider will use funds for debt repayment and capacity expansion. It specializes in centralized steam and nitrogen distribution from seven Gujarat facilities, with a recent diversification into pipeline-based nitrogen supply.

LCC Projects, an Indian EPC firm specializing in water and irrigation, plans a Mainboard IPO tentatively from September 9-11, 2026. The company saw revenues grow at 76.73% CAGR between FY22-FY24. The IPO includes a INR 320 crore fresh issue to buy equipment and repay debt, alongside an Offer For Sale of 2.29 crore shares.

LCC Projects, an Indian EPC firm specializing in water and irrigation, plans a Mainboard IPO tentatively from September 9-11, 2026. The company saw revenues grow at 76.73% CAGR between FY22-FY24. The IPO includes a INR 320 crore fresh issue to buy equipment and repay debt, alongside an Offer For Sale of 2.29 crore shares.

SAEL Industries secured 1 GWp in new solar module orders, including a major NTPC Renewable Energy contract, ahead of its IPO. The company aims to raise INR 4,575 crore, with 75% of fresh funds for debt repayment. Despite strong revenue and EBITDA growth, SAEL has not yet turned a profit, posing a key challenge for investors weighing its leveraged offering.