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Sunil Singhania-led Abakkus Asset Manager Limited files DHRP for IPO

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Mumbai-based Abakkus Asset Manager Limited, founded and led by Sunil Banwarilal Singhania, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The IPO, with a face value of Rs 2, is an offer-for-sale for up to 15,000,000 equity shares by promoter selling shareholder - Abakkus Expert Professionals LLP. Since the issue is entirely an OFS, the company will not receive any proceeds from the offer. The IPO is primarily aimed at providing the company the benefits of listing its equity shares on the stock exchanges. The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively. Axis Capital Ltd, ICICI Securities Ltd, IIFL Capital Services Ltd and JM Financial Ltd a...
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Mohali-based Jai Parvati Forge Limited files DHRP for IPO

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Mohali - based Jai Parvati Forge Limited has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO) crore.   The IPO, with a face value of Rs 2, is a fresh issue for up to Rs 300 crore and an offer-for-sale for up to 9,000, 000 equity shares by promoter – Suman Chauhan. The company, in consultation with the book-running lead managers, may consider a Pre-IPO Placement, prior to filing of the Red Herring Prospectus with the RoC. If the pre-IPO placement is completed, the amount raised pursuant will be reduced from the Fresh Issue. The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively. Incorporated in 2004, the company has established itself as an integrate...
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Runwal Enterprises Limited’s Initial Public Offering to Open on September 25, 2026, Price Band set at ₹290 – ₹305 Per Equity Share of face value of ₹2 each

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Price band of ₹290 - ₹305   per Equity Share bearing face value of ₹2 each (“Equity Shares”) Bid/Offer Opening Date –September 25, 2026 and Bid/Offer Closing Date - September 29, 2026 Minimum Bid Lot is 43 Equity Shares and in multiples of 49 Equity Shares thereafter  September 22, 2026, Mumbai: Runwal Enterprises Limited has fixed the price band of ₹290/- to ₹305/- per Equity Share of face value ₹2/- each for its initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, September 25, 2026, for subscription and close on Tuesday, September 29, 2026. Investors can bid for a minimum of 49 Equity Shares and in multiples of 49 Equity Shares thereafter. Equity shares outstanding as on date 131,391,436 equity shares of ₹2 each. The IPO, with a face value of ₹2, is entirely a fresh issue up to ₹5,000 million.  The issue is being made through the book-building process, in line with SEBI ICDR Regulations, with not more than 50% of...
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German Green Steel and Power Limited’s Initial Public Offering to Open on Friday, September 25, 2026, Price Band set at Rs 132– Rs 139 Per Equity Share

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Mumbai, September 22, 2026: German Green Steel and Power Limited, has fixed the price band of Rs 132/- to Rs 139/-per Equity Share of face value Rs. 10/- each for its initial public offering.   The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, September 25, 2026, for subscription and close on Tuesday, September 29, 2026.   Investors can bid for a minimum of 107 Equity Shares and in multiples of 107 Equity Shares thereafter.   Equity shares outstanding as on date of the Red Herring Prospectus, are 5,44,85,888 equity shares of Rs. 10 each.   The IPO, with a face value of Rs 10, is a fresh issue up to Rs 290 crore and an offer for sale for up to 10,00,000 equity shares by Promoter Selling Shareholders, namely Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki. The promoters have been associated with the industry since 1976 and represent the third generation of the family actively involved in driving the business. The Company has,...
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From Lalbaug to Pune, Soframycin Carries the Spirit of Care This Ganesh Utsav

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This Ganesh Utsav, Soframycin, a 50 year old trusted topical healthcare brand from Encube Ethicals Limited, is bringing its commitment to accessible care for everyday injuries closer to consumers through an extensive sampling initiative across two major festive destinations—Lalbaug in Mumbai and Mayuresh Mitra Mandal in Pune. Facilitated by MCA Worldwide, the initiative aims to introduce consumers to Soframycin’s topical products while strengthening the brand’s connection with audiences during the festive season. Ganesh Utsav brings together large crowds, long walks and hours of waiting, creating everyday opportunities for minor cuts, scrapes, abrasions and other skin concerns. Soframycin helped in these moments by bringing its medicated cream and powder directly to devotees through on-ground sampling, offering relevant skin care where and when it could be needed. This helped reinforce Soframycin’s role as a trusted companion for everyday injuries and skin care, even in the midst of fe...
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Landmark NSE IPO attracts over Rs 90,200cr of demand as against the Rs 22,562 cr issue size

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          Qualified Institutional Buyers (QIB) portion         subscribed 12.68 times on Day 3 The issue generated a demand over Rs 90,200 crore 21 st September, Mumbai: The Initial Public Offering of National Stock Exchange of India IPO was subscribed 5.71 times on the final day of bidding. The issue received 38.5 lakh applications, with bids of 50,58,11,384 equity shares against the offered 8,86,42,911 equity shares, according to data available on the stock exchanges.  The Retail and Qualified Institutional Buyers (QIB) portions were subscribed 1.39 times and 12.68 times, respectively. The Non-Institutional Investors (NII) portion was subscribed 6.55 times, while the Employee portion was subscribed 2.40 times. Company Information Incorporated in 1992, the company is the largest stock exchange in India in terms of total turnover in cash market and total turnover in equity derivatives (based on notional turnover for equity options...
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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026

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  Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each  Fresh Issue Size - Up to 98,97,000 Equity Shares  OFS size - Up to 13,50,000 Equity Shares  Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares  Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 ...
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