The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, September 23, 2025, for subscription and close on Thursday, September 25, 2025. Investors can bid for a minimum of 16 Equity Shares and in multiples of 16 Equity Shares thereafter.

The IPO is a mix of fresh issue of shares up to 170 crore equity shares and an offer for sale up to 280 crore equity shares promoters selling shareholders.

Jaro Education proposes to utilize Rs. 81 cr from the Net Proceeds for marketing, brand building and advertising activities and Rs 45 crore for Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the Company and general corporate purposes.

An early mover in the online higher education and upskilling space, Jaro Education was established in 2009 by Namdeo Salunkhe, the CMD and a first-generation entrepreneur with over 17 years of experience in the education sector. He is supported by Ranjita Raman, the CEO and whole-time director who has 15+ years’ experience in the education sector. The institute delivers personalized, technology-driven degree programs and certification programs in collaboration with its Partner Institutions to students as well as C-Suite personnel.

As on 31st March 2025, Jaro Education has over 22 offices-cum-learning centres across major cities for offline learning, apart from 17 immersive tech studio set-ups in the campuses of various IIMs, and cater to a total of 36 Partner Institutions such as IITs, IIMs and premier global institutions such as Swiss School of Management and Rotman School of Management, University of Toronto.

It offers 268 course offerings and programs including Doctor of Business Administration (“D.B.A.”), Master of Business Administration (“M.B.A.”), Master of Commerce (“M.Com.”), Master of Arts (“M.A.), Post Graduate Diploma in Management (“P.G.D.M.”), Master of Computer Applications (“M.C.A.”), Bachelor of Commerce (“B.Com.”), Bachelor of Computer Applications (“BCA”) and other degree programs in partnership with 17 universities in India, out of which 14 universities have been ranked in the top 100 by National Institutional Ranking Framework.

Additionally, it provides online, hybrid, and in-person certification courses in areas such as management, fintech, data science, business analytics, design thinking and digital marketing, in partnership with 21 institutes in India, including 7 IIMs and 7 IITs, and 2 other institutions which have been ranked in the top 100 by NIRF.

Nuvama Wealth Management Limited, Motilal Oswal Investment Advisors Limited and Systematix Corporate Services Limited are the book-running lead managers, and Bigshare Services Private Limited is the registrar to the offer.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net offer shall be available for allocation to non-institutional bidders, and not less than 35% of the net offer shall be available for allocation to retail individual bidders.

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·         Bid /Offer will open on Tuesday, July 29, 2025 and close on Thursday, July 31, 2025. The Anchor Investor Bidding Date shall be Monday, July 28 , 2025

·         Bids can be made for a minimum of 22 Equity Shares and in multiples of 22 Equity Shares thereafter

·         A discount of ₹ 60 per equity share is being offered to eligible employees bidding in the employee reservation portion

Bengaluru, July 24, 2025: Aditya Infotech Limited (the “Company”) shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Tuesday, July 29, 2025.

The total offer size of Equity Shares aggregating up to ₹ 13000 million [₹ 1300 crore] comprises of fresh issue aggregating up to ₹ 5000 million [₹ 500 crore] and Offer for Sale aggregating up to ₹ 8,000 million [₹ 800 crore] by Selling Shareholders. (“The Total Offer Size”).

The Anchor Investor Bidding Date shall be Monday, July 28, 2025.  The Bid/Offer will open on Tuesday, July 29, 2025 for subscription and will close on Thursday, July 31 , 2025.

The Price Band of the Offer has been fixed at₹640 to ₹ 675 per Equity Share. Bids can be made for a minimum of 22 Equity Shares and in multiples of 22 Equity Shares thereafter.

A discount of ₹ 60 per equity share is being offered to eligible employees bidding in the employee reservation portion.

The Company proposes to utilise net proceeds from fresh issue of Equity Shares towards Prepayment and/or repayment of all or a portion of certain outstanding borrowings availed by  Company;  and balance amount towards general corporate purposes (“Object of Issue”).

The offer for sale comprises of Equity shares aggregating up to ₹ 5,240.04 million by Aditya Khemka, aggregating up to ₹123.16 million by Ananmay Khemka and aggregating up to ₹2,000.00  million by Rishi Khemka (the “Promoter Selling Shareholder”), aggregating up to ₹ 426.40 million by Hari Shankar Khemka (HUF), aggregating up to ₹ 198.90  million by Shradha Khemka and  aggregating up to ₹ 11.50 million by Aditya Khemka (HUF). (the “Promoter Group Selling Shareholder”). (Combined, “The Selling Shareholders”)

ICICI Securities Limited and IIFL Capital Services Limited (formerly known as IIFL Securities Limited)  are the Book Running Lead Managers or BRLMs to the Issue.

This Equity Shares are being offered through the red herring prospectus of the Company dated July 23, 2025 (the “RHP”) filed with Registrar of Companies, Delhi and Haryana at New Delhi “RoC”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).

This Offer is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion, the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation will be made to Anchor Investors, in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) (the “Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not more than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders (out of which one-third of the portion available to Non-Institutional Bidders shall be reserved for Bidders with an application size of more than ₹0.20 million and up to ₹1.00 million and two-thirds shall be reserved for Bidders with an application size of more than ₹1.00 million, provided that the unsubscribed portion in either of the aforementioned sub-categories may be allocated to Bidders in the other sub-category) and not more than 10% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price.

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. All Bidders, other than Anchor Investors, are required to participate in the Offer by mandatorily utilising the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA Account (as defined hereinafter) and UPI ID in case of UPI Bidders (as defined hereinafter), as applicable, pursuant to which their corresponding Bid Amounts will be blocked by the Self-Certified Syndicate Banks (“SCSBs”) or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For further details, see “Offer Procedure” on page 477 of the RHP.

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With a proposed equity dilution of over 10 per cent, the company is targeting a market capitalisation of around Rs 50,000 crore, the sources added.

In a public announcement on Friday, INOX Clean Energy, a part of the USD 12 billion INOXGFL Group, stated that it has submitted “the pre-filed draft red herring prospectus with Sebi and the stock exchanges, in relation to the proposed IPO on the main board of the stock exchanges.”

Industry sources said that a major portion of the public offer will comprise a fresh issue, with the proceeds earmarked for setting up new facilities in solar and Independent Power Producers (IPPs).

INOX Clean Energy is engaged in the business of developing and operating renewable energy projects as well as manufacturing solar cells and modules through its subsidiaries INOX Neo Energies and INOX Solar.

Currently, INOX Clean Energy has a total operational capacity of 157 MW, which includes 107 MW of wind and 50 MW of solar power. Additionally, 400 MW is under construction, comprising 350 MW of hybrid and 50 MW of solar projects. The company also has a project pipeline of over 2.2 GW, according to a CareEdge report from June 2025.

The book running lead managers for the proposed IPO include JM Financial, Motilal Oswal, Nuvama, IIFL Securities, and ICICI Securities.

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• IPO received more than 27 lakh applications; the highest number fetched in any IPO during 2023

• Marquee anchor investors participated in IPO Anchor Book of INR 103 Crores 

• Earlier, Pre-IPO stake worth INR 76 Crores was picked up by ace investors Ashish Kacholia, Jagdish Master and Vikas Khemani managed Carlenien Fund ahead of the IPO

• Pantomath Capital acted as exclusive Transaction Advisor and the Sole Book Running Lead Manager to the IPO 

Mumbai, Tuesday, August 29, 2023: Mumbai-based Aeroflex Industries Ltd (‘Aeroflex’ / ‘the Company’) and its corporate Promoter, Sat Industries Limited, together raised INR 426 Crores (approximately USD 52 Mn) through Pre-IPO and IPO of Aeroflex. INR 76 Crores were raised in Pre-IPO round and INR 351 Crores were raised through IPO.

IPO received overwhelming response in all categories to the degree that the level of subscription hit the highest threshold on many counts. Qualified Institutional Buyers (QIBs) category received a whopping 190.47 times subscriptions while the Non-Institutional Investors category got subscribed 129.06 times, Retail Individual Investors (RIIs) 34.55 times and the holding company shareholder category got subscribed by 12.41 times.  Notably, Aeroflex IPO received more than 27 lakh applications which is the highest number of applications received across IPOs in 2023.

Aeroflex is a manufacturer of environment-friendly Metallic Flexible Flow Solution products, catering to global markets. The Company exports products to more than 80 countries in Europe, North America among others. Its exports contributed more than 80% of its revenue from operations. Aeroflex products are supplied to a wide spectrum of industries for controlled flow of all forms of substances including air, liquid, and solid. 

The Company has grown at more than 37% revenue CAGR in last 3 years, operating at more than 4.85 times asset turnover, clocking more than 20% EBITA margins and generating approximately 32% ROCE.  

Aeroflex IPO Details

The Company launched its initial public offering of Rs 351 Crores (at upper price band) which opened on Tuesday, August 22, 2023, and closed on Thursday, August 24, 2023. The price band for the IPO was determined at Rs 102 – Rs 108 per equity share.

The Offer was made through the Book Building process, wherein 1.54% of the total issue size was reserved with holding company’s eligible shareholders.  50% of the Offer was available for allocation to Qualified Institutional Buyers, 15% of the Offer for Non-Institutional Investors and 35% for Retail Individual Investors. The finalization of allotment is expected to take place on August 29, 2023. While refunds will be initiated on August 30,2023. The shares will be credited to the demat accounts of eligible investors on August 30, 2023. AIL share listing is expected to take place on August 31, 2023 on BSE and NSE. 

Diversified Anchor Book Led by Marquee Institutions 

Diversified anchor book of Aeroflex comprised 10 anchors including mutual funds, large insurance & NBFC treasuries, AIFs and foreign portfolio institution. The institutions who participated in the anchor are the following:

• Mutual Funds: Nippon Mutual Fund, Invesco Mutual Fund, White Oak Mutual Fund, BOI Mutual Fund
• Institutional Treasuries: Winro Commercial India and Universal Sampo General Insurance 
• AIFs: Quantun State Investment Fund and Negen Undiscovered Value Fund
• Foreign Institution: Societe Generale

Pre-IPO by Ace Investors

Earlier, marquee investors such as Ashish Kacholia, Jagdish Master and Vikas Khemani led Carlenien Fund, Rosy Blue India, VPK Global Ventures Fund, Shyam Agarwal and others bought approximately 7% stake in Aeroflex ahead of the IPO

Pantomath Capital Advisors Private Limited acted as the exclusive transaction advisor and the sole book running lead manager to IPO. 

The post Aeroflex Industries Ltd & its Promoter Raised INR 427 Crores (Approx USD 52 Mn) through IPO & Pre-IPO; Pantomath Capital Solely Lead Managed It appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.