IPO

Online Instruments (India) Ltd has filed draft papers with the Securities and Exchange Board of India to launch an initial public offering aimed at raising Rs. 750 crore through a fresh issue of equity shares. The proposed public issue will also include an Offer for Sale of up to 57.10 lakh shares by promoters Anita Mahesh Bellad and Rajeshwari Shivanand Mahashetti. The Bengaluru-based company may additionally pursue a pre-IPO placement worth up to Rs. 150 crore before the issue opens.

OnEMI Technology Solutions Ltd, the operator of digital lending platform Kissht, has received a fresh capital infusion of nearly Rs 40 crore from its promoters ahead of its initial public offering (IPO). Founders Ranvir Singh and Krishnan Vishwanathan invested at Rs 201 per share—above the IPO price band—indicating strong internal confidence in the company’s growth prospects. With promoters holding over 32 percent stake, the move underscores strategic alignment and investor reassurance as the fintech firm prepares to enter public markets.

Amba Auto Sales and Services has announced the launch of its initial public offering (IPO), aiming to raise Rs. 65.12 crore through a fresh equity issue. The offering will open for subscription on April 27 and close on April 29, with shares priced in the range of Rs. 130 to Rs. 135 per share. The IPO, listed on the NSE Emerge platform, comprises 48.24 lakh equity shares of face value Rs. 10 each.

Avaada Electro has received approval from Securities and Exchange Board of India to raise an estimated Rs 9,000–10,000 crore through an initial public offering, marking one of the significant capital market moves in India’s renewable energy sector. Backed by Brookfield, the company aims to strengthen its manufacturing capabilities and expand its footprint. Alongside Avaada Electro, Sonaselection India and Grand Housing have also secured regulatory clearance, signaling sustained momentum in India’s primary market activity.

Regulatory Clearance Paves Way for Major IPO

The initial public offering (IPO) of Citius Transnet Investment Trust witnessed a measured start, garnering 69 percent subscription on the first day of bidding. The offering attracted bids for over 4.23 crore units against an issue size of approximately 6.13 crore units. Notably, the category designated for non-institutional investors surpassed full subscription at 1.16 times, signaling strong interest from individual participants.

The initial public offering (IPO) of Om Power Transmission Ltd witnessed strong investor demand, closing with an overall subscription of 3.33 times. The Rs. 150 crore issue attracted bids for nearly 1.99 crore shares against an offer size of just over 60 lakh shares. Demand was particularly strong among non-institutional investors, while institutional and retail segments also showed healthy participation.

Mysuru-headquartered Core4 Engineers, an Engineering, Procurement, Construction, and Commissioning (EPCC) company, has submitted its draft red herring prospectus (DRHP) to the BSE SME platform, marking its entry into the capital markets. 

The IPO comprises a fresh issue of up to 58.94 lakh equity shares, each with a face value of Rs 10, aimed at raising funds to finance property acquisition, establish a new manufacturing unit and corporate office, and support incremental working capital requirements. 

Soban Lal Commodity Management (SLCM), a leading agri-warehousing and logistics company, has submitted confidential preliminary IPO documents to the Securities and Exchange Board of India (SEBI), signaling its intention to list on the main-board of Indian stock exchanges. Utilizing the confidential pre-filing route, SLCM aims to receive early regulatory feedback on its draft red herring prospectus while maintaining discretion. The move aligns with the company’s strategy to leverage technology-driven agricultural logistics solutions for market expansion.

Avtar Career Creators Ltd has filed draft papers with BSE’s SME platform to launch its initial public offering (IPO), marking a strategic move to raise capital for business expansion and innovation. The IPO comprises a fresh issue of 18.50 lakh equity shares with a face value of Rs 2 each, with no offer-for-sale component. The net proceeds are earmarked for developing a proprietary platform promoting women’s career opportunities, expanding operations across six cities, enhancing marketing and brand visibility, and supporting general corporate purposes.

Bvishal Oil & Energy has initiated the process to go public, filing draft documents with the market regulator to raise capital through a mix of fresh equity issuance and an offer for sale. The proposed fundraising is aimed at strengthening operational capacity, funding capital expenditure, and supporting working capital needs. The move reflects growing momentum within India’s energy services sector, where demand for onshore oilfield support continues to expand.