The offer comprises of an offer for sale of upto 4,392,500 Equity Shares of face value of ₹10 each. The offer for sale includes sale of equity shares of up to 1,500,000 shares by Rajesh Ramsukh Rai, upto  of up to 1,692,500 shares by Rinku Rajesh Rai (Promoter selling shareholders) and up to 1,200,000 shares by Rajesh Ramsukh Rai HUF (Promoter Group selling shareholder).

The company offer equipment tailored to a diverse clientele of commercial gyms, hotels, corporations, and real estate projects, both in domestic and international markets, exporting to multiple countries like Japan, UAE, Australia, Serbia, Sweden, etc. Company’s long-standing presence has allowed it to develop key operational areas such as manufacturing processes, inventory management, distribution efficiency and customer service. Jerai Fitness maintains a pan-India presence of 14 exclusive showrooms, enabling customer engagement and brand accessibility.

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges being the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, and together with the BSE, the “Stock Exchanges”).

Emkay Global Financial Services Limited and Catalyst Capital Partners Private Limited are the Book Running Lead Managers to the issue.

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The IPO comprises of a Fresh issue of equity shares of face value ₹ 5 each aggregating up to ₹620 Crores and Offer for sale of equity shares of face value ₹5 each aggregating up to ₹ 180 Crores. The total offer size comprises equity shares of face value of ₹5 each aggregating up to ₹ 800 Crores. The offer for sale by promoter selling shareholders comprises of equity shares aggregating up to ₹ 60 Crores by Namita Ketan Kothari, equity shares aggregating up to ₹60 Crores by Vivek Prithviraj Kothari and equity shares aggregating up to ₹60 Crores by Dimple Mukesh Kothari.

The company proposes to utilise the net proceeds towards funding future working capital requirements towards procurement and maintenance of inventory and funding advance margin requirements for procurement purposes by the Company amounting to Rs 465 Crores as well as towards general corporate purposes.

Augmont Enterprises Limited’s operations span across multiple segments of the gold and silver value chain including procurement and refining, bullion trading, digital gold offerings, jewellery manufacturing, international sales and facilitating gold-backed financial services. The company is one of the few companies in India with a presence across both, online and offline channels for the purchase of gold and silver.

The company operates in two business verticals through distinct online platforms, which are complemented by their physical distribution network: (i) enterprise sales (through the ‘Augmont SPOT’ platform) and international sales; and (ii) consumer-focused offerings, delivered through the ‘Augmont Gold for All’ platform and offline channels.

In the enterprise sales business, the company sells gold and silver bars online on the ‘Augmont SPOT’ platform to businesses such as jewellers, bullion dealers and manufacturers with valid GST registrations. The platform had over 4,975 registered members who were jewellers, bullion dealers and manufacturers, as of August 31, 2025. The fully electronic, delivery-based bullion platform, has been operational since 2012. To ensure nationwide reach, the company operates 20 spot delivery centers across 13 states for the distribution of bullion purchased on the Augmont SPOT platform, of which nine are directly managed and 11 through franchisees.

Over time, the platform expanded to serve retail consumers with their consumer focused offerings through ‘Augmont Gold for All’ in FY21 and began facilitating the trading of lab-grown diamonds in FY26. Through the ‘Augmont Gold For All’ platform, the company offers individual customers and partners a range of gold and silver services including digital buy-sell-store options, SIPs, old gold liquidation, jewellery purchases from 1 gm. The company entered into a service level agreement with Group Company, Finkurve Financial Services Limited to provide technology, marketing and brand support through the platform for gold loans provided by them. For retail consumers, it has 83 Gold-For-All centers in Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu operated by Finkurve. As of August 31, 2025, the company had delivered digital gold products to over 42 million registered consumers directly and via alliances, supported by backend systems ensuring automated order confirmation, packaging, and secure delivery.

The company has partnered with leading jewellers like Kalyan Jewellers and CaratLane, enabling digital gold redemption, and with over 180 partners including Gullak and Candere, along with digital distributor Navi. In addition, it serves customers through 3,700 Muthoot Exim stores. The company also entered into an agreement with an NBFC pursuant to which customers can purchase jewellery and bullion products at the NBFC’s stores.

The company procures refined gold and silver from Indian and international banks, imports doré bars at a lower duty (0.65% less than refined gold), and sources scrap gold and silver from individuals, jewellers, and auctions for refining. To optimize procurement, it established Augmont IFSC Private Limited in Gujarat International Finance Tec-City (GIFT City) to import refined gold and silver through India International Bullion Exchange (IIBX), thereby reducing brokerage and commission costs by transacting directly as a trading member.

The company manufactures products at their unit located in Sitapur SEZ, Jaipur, Rajasthan, which has a capacity of 13.80 MTPA, as of August 31, 2025, and sells them in international markets such as Hong Kong, Turkey and the UAE. Its refining operations are supported by two facilities in Rudrapur with a 144 MTPA capacity and Mumbai with 140 MTPA capacity. The company is among the few refiners in India authorized to deliver bullion on BSE and MCX.

The company’s operational performance is underpinned by consistent financial growth. The revenue from operations has grown from ₹ 31289.311 Crores for FY23 to ₹ 66230.779 Crores for FY25 at a CAGR of 45.49%; and profit for the year has grown from ₹ 43.687 Crores for FY23 to ₹ 227.188 Crores for FY25 at a CAGR of 128.04%.

Nuvama Wealth Management Limited, Intensive Fiscal Services Private Limited, JM Financial Limited and Motilal Oswal Investment Advisors Limited.

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Bengaluru, September 29, 2025 – Indo MIM Limited, world’s largest manufacturer of precision engineering components using metal injection molding (MIM) technology (as per a F&S report) has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds through an initial public offering (IPO).

According to the DRHP, the proposed IPO of the Bengaluru-headquartered company combines a fresh issue of equity shares aggregating up to Rs. 1,000 crore with an offer for sale (OFS) of up to 12,96,74,393 equity shares (12.97 crore equity shares) by the selling shareholders.

As part of the OFS, following will be offloading shares – Green Meadows Investments Ltd (up to 12.05 crore equity shares), Anuradha Koduri (up to 54.59 lakh equity shares), John Anthony Dexheimer (up to 14 lakh equity shares) and Indian Institute of Technology Madras (23.07 lakh equity shares).

Green Meadows Investments Ltd, Krishna Chivukula, Krishna Chivukula Jr., Raj Chivukula and Jagadamba Chandrasekhar are the Promoters of the company.

Indo MIM proposes to utilize the Net Proceeds of the Fresh Issue towards pre-payment or re-payment, in full or in part, of certain outstanding borrowings worth Rs. 720 crore and remaining towards general corporate purposes.

Incorporated in 1996, Indo MIM provides end-to-end solutions for the manufacture of precision engineering components using metal injection molding technology. In addition to MIM technology, the company leverages technologies such as investment casting, precision machining, ceramic injection molding and metal three-dimensional (3D) printing to cater to customers in the automotive, defence, medical, consumer and aerospace sectors.

Indo MIM has the world’s largest installed capacity for MIM products operating 15 manufacturing facilities globally, of which six are located in India, six in the United States, two in the United Kingdom and one in Mexico.

The product portfolio includes the Automotive Products Group (APG) consisting of components used in vehicle safety, fuel systems, powertrains, and interior applications; the Defence Products Group (DPG) where it manufactures firearm components such as triggers, hammers and sights; in the Medical Products Group (MPG), where it manufactures a range of components for surgical devices in fields such as endoscopy, laparoscopy, dental robotics and orthopedics; the Consumer Products Group (CPG) where it supplies products for fashion accessories, crossbow parts, cellphone components, tools and hardware applications and the Aerospace Products Group (Aerospace) where it manufactures components such as manifolds and precision housings, adaptors and tees, servo motor housing, nozzles and locking rings and clevises and brackets for OEMs.

IN FY25, Indo MIM reported revenue from operations at Rs. 3,329 crore and profit after tax (PAT) stood at Rs. 423 crore.

The company, in consultation with the BRLMs, may consider a Pre-IPO Placement aggregating up to Rs. 200 crore; prior to filing of the Red Herring Prospectus with the ROC. If the Pre- IPO Placement is undertaken, then the fresh issue will be reduced to the extent of such Pre-IPO placement.

As per the DRHP, Indo MIM has no listed peers in India and has only one global listed peer – Jiangsu Gian Technology Co. Ltd which is listed on the Shenzhen Stock Exchange in China.

HDFC Bank Limited, Axis Capital Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the issue.

The equity shares of the company are proposed to be listed on BSE and NSE.

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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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According to the DRHP, the proposed IPO of the Telangana-based company is a combination of a fresh issue of equity shares aggregating up to Rs. 340 crore and an offer for sale (OFS) of shares aggregating up to Rs. 660 crore by the selling shareholders.

As part of the OFS, promoters Srinivasa Rao Linga and Usha Rani Papineni will offload shares worth Rs. 500 crore and Rs. 160 crore, respectively.

Eldorado Agritech proposes to utilize Rs. 245 crore from the Net Proceeds of the Fresh Issue towards Prepayment or repayment of a portion of certain outstanding borrowings, and the remaining amount for general corporate purposes.

The company provides customers with comprehensive ‘seed to harvest’ solutions, spanning from seed innovation to crop care products, and is engaged in research & development (R&D), production, processing, marketing and distribution of seeds comprising a wide range of hybrids and open pollinated varieties (OPV). As per the F&S Report, it is the fastest growing agro-sciences company within its listed peer set in India in terms of revenue growth, registering a CAGR of 27.92% between Fiscals 2023 and 2025, with focus on providing high quality seeds and crop care products.

The company offers seeds across key crops such as maize, paddy (rice), cotton, wheat, bajra (pearl millet) and a broad portfolio of vegetable seeds, with a product portfolio of 226 hybrids and OPV seeds for 47 crops.

As of June 30, 2025, Eldorado Agritech has obtained 269 registrations for its agrochemical formulations from the Central Insecticides Board & Registration Committee (CIBRC) and has applied for nine product patents for agrochemical products under the Indian Patents Act, 1970. Further, it has 43 registrations for speciality fertilizer products under the Fertilizer (Control) Order (FCO), 1985, and 32 registrations for its bio-stimulant products from the Ministry of Agriculture and Farmers’ Welfare.

On the financial front, the company reported a revenue from operations of Rs. 441 crore with profit after tax (PAT) of Rs. 71 crore in FY25.

Anand Rathi Advisors Limited and Equirus Capital Private Limited are the book running lead managers (BRLMs) to the offer.

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·         Rs. 118 crore earmarked towards setting up of new stores

·         OFS of 2.98 crore equity shares 

Bengaluru, 18th August 2025:  RSB Retail India Limited, a leading multi-format apparel retailer catering to premium, mid-premium, and value customer segments offering ethnic wear, everyday casual wear and formal wear, has filed the draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds through an initial public offering (IPO).

According to the DRHP, the proposed IPO of the Hyderabad based company is a combination of a fresh issue of equity shares aggregating up to Rs. 500 crore and an offer for sale (OFS) of up 2.98 crore equity shares by the selling shareholders.

As part of the OFS, the Selling Shareholders include Potti Venkateswarlu, Seerna Rajamouli, Tiruveedhula Prasada Rao, Potti Venkata Sai Abhinay, Seerna Suresh, Tiruveedhula Rakesh, Tiruveedhula Keshav Gupta, Maturu Venkata Lakshmi Sindhu, Gourishetty Lalitha and Potti Malathi Lakshmi Kumari. 

RSB Retail proposes to utilize the Net Proceeds from the Fresh Issue as follows: Rs. 275 crore towards repayment/ prepayment of certain loan facilities availed by the company; Rs. 118 crores towards setting up of new stores under the R. S. Brothers and South India Shopping Mall formats; and rest on general corporate purposes.

RSB Retail, incorporated in 2008, traces its journey to year 1999, when the first R.S. Brothers store in Koti, Hyderabad, Telangana was launched. As of March 31, 2025, RSB Retail had 73 stores across 22 cities in three South Indian states – Telangana, Andhra Pradesh and Karnataka. It operates primarily through five key brick-and-mortar store formats – South India Shopping Mall, R.S. Brothers, Kanchipuram Narayani Silks, Dè Royal and Value Zone Hyper Mart.

In Fiscal 2025, RSB Retail India Limited registered a revenue from operations of Rs. 2694 crore recording a CAGR of 12.55% from FY23 to FY25. The FY25 profit after tax was Rs. 104.4 crore.

Potti Venkateswarlu, Seerna Rajamouli, Tiruveedhula Prasada Rao, Potti Venkata Sai Abhinay, Seerna Suresh, Tiruveedhula Rakesh and Tiruveedhula Keshav Gupta are the Promoters of the Company.

The apparel market in south India accounted for 28% of the total apparel market and was valued at Rs. 1,723 billion in Fiscal 2024. This market is further projected to grow at a CAGR of 12% to reach a value of Rs. 3,050 billion by Fiscal 2029.

Motilal Oswal Investment Advisors Limited, HDFC Bank Limited and IIFL Capital Services Limited are the Book Running Lead Managers to the issue.

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The IPO comprises of an offer for sale of up to 105,463,892 Equity Shares of face value of ₹10 each. The offer for sale comprises of up to 68,739,034 equity shares of face value of ₹10 each by Avenue India Resurgence Pte. Limited, up to 19,445,000 equity shares of face value of ₹10 each by State Bank of India, up to 16,244,858 equity shares of face value of ₹10 each by Lathe Investment Pte. Limited and up to 1,035,000 equity shares of face value of ₹10 each by The Federal Bank Limited.

Established in 2002, Asset Reconstruction Company (India) Limited is a pioneer in the asset reconstruction industry and was the first ARC to be incorporated in India. Having over two decades of operations, it was the second largest in terms of assets under management (AUM) at ₹15230.031 Crores and had the second highest net worth among private ARCs in India at ₹2462.511 Crores. ARCIL operates across three business verticals including corporate loans, SME and other loans, and retail loans classifying acquired stressed assets based on internally assessed resolution mechanism. It primarily derives its revenue from management fees/ trusteeship fees, portfolio recovery fees, income from investments and write backs.

ARCIL is promoted by Avenue India Resurgence Pte. Ltd (an affiliate of Avenue Capital Group) and the State Bank of India, which are also identified as sponsors of the Company under the SARFAESI Act. The company is led by a professional and experienced management team who have extensive domain expertise and understanding of our industry and vision to scale up the business including Mr. Pallav Mohapatra, Chief Executive Officer and Managing Director, Mr. Phanindranath Kakarla, President, Mr. Pramod Gupta, Chief Financial Officer, Mr. Rajat Agarwal, Head of acquisitions for Corporate, SME and Other loans as well as Mr. Anup Satish Mittal, Head of acquisitions for Retail loans.

It operates across 12 states in the country and is engaged in the business of acquiring stressed assets from banks and financial institutions as well as implementing resolution strategies through restructuring, enforcement of rights on underlying securities and settlement aimed at maximizing recovery and optimizing the value of such stressed assets in order to generate revenue streams.

It completed its first stressed asset acquisition in December 2003 and was one of the few ARCs who’s Net Owned Funds were in excess of the regulatory requirement when RBI established the rules in 2022. Only 4 ARCs have met this criteria as on 31^st March 2024

It collaborates with 201 registered valuers, 163 collection agents, and 950 empanelled lawyers and has established strong relationships with 30 private sector, 2 co-operative and 28 public sector banks besides 41 non-banking financial companies, 17 housing finance companies and seven other selling institutions.

As of March 31, 2025, they had formed an aggregate of 652 trusts, of which 199 were closed where they had resolved all the financial assets in such trusts and 453 trusts are currently open.  For the same period, they acquired ₹ 72,657.307 Crores in total principal debt at a cost of ₹ 38,155.632 crores or 52.51% of the total principal debt and made recoveries of ₹ 28,459.7 crores.

In FY24, the company was the second largest ARC in India by revenue from operations (excluding unrealized fair value changes) at ₹570.141 Crores. It recorded the lowest expenses as a percentage of average total AUM at 0.57% among the top 7 ARCs. The company had the highest profit after tax as a percentage of average AUM at 1.94%, the highest return on assets at 11.48%, and a capital adequacy ratio of 99.03%, which was approximately 40% higher than the next highest private ARC. It also had the second highest cumulative SR redemption rate at 51.31% and the lowest debt-to-equity ratio among the top 6 private ARCs at 0.06, as of March 31, 2024. The company’s financial strength is highlighted from a strong balance sheet characterized by a net worth of ₹ 2767.798 Crores on a standalone basis and ₹ 2663.141 Crores on a consolidated basis, as of March 31, 2025.

During Fiscals 2025, 2024 and 2023, the company acquired ₹ 3975.871 Crores, ₹ 2068.982 Crores and ₹ 4288.962 Crores of stressed assets, respectively, and the AUM was ₹ 16852.570 Crores as of March 31, 2025, ₹ 15230.031 Crores as of March 31, 2024 and ₹ 16223.483 Crores as of March 31, 2023.

According to the CRISIL Report, the stressed assets opportunity is shifting from corporate to non-corporate loans with the retail segment in particular experiencing rising stress levels. The overall outstanding amount under the retail segment (including housing loans, vehicle loans, consumer loans, credit cards, educational loans, and personal loans) has grown at a CAGR of 15.7% over the last five years from approximately ₹ 32 trillion, as of March 31, 2020 to approximately ₹ 67 trillion as of March 31, 2025. The total stress under the retail segment in banks and NBFCs has increased from ₹ 3,46,950 crores in Fiscal 2020 to ₹ 6,92,450 Crores in Fiscal 2025 at a CAGR of 14.8%. The company has focused on increasing the proportion of Retail loans in their portfolio. The AUM of Retail loans have grown from ₹ 1559.107 Crores as of March 31, 2023 to ₹ 2747.88 Crores as of March 31, 2025, at a CAGR of 20.79%.

For the year ended 31^st March 2025, the revenue from operations stood at Rs 596.423 Crores total income stood at Rs 623.399 Crores, PAT stood at Rs 355.319 Crores and PAT margin stood at 57%

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The offer comprises a fresh issue of equity shares aggregating up to ₹21,500 million (the “fresh issue”) and an offer for sale of up to 132,288,941 equity shares by certain existing shareholders, including Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi, Promoter Selling Shareholders and SVF II Lightbulb (Cayman) Limited, Schroders Capital Private Equity Asia Mauritius Limited, PI Opportunities Fund – II, Macritchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP, Investor Selling Shareholders.

It may consider a pre-ipo placement aggregating to Rs 430 crs prior to filing of the RHP. If undertaken, it will be reduced from the fresh issue size.

The company proposes to utilise the net proceeds from the IPO for various strategic initiatives, including capital expenditure for setting up new Company-operated Company-owned (CoCo) stores in India; payments related to lease, rent, and license agreements for these CoCo stores; investments in technology and cloud infrastructure; brand marketing and business promotion to enhance brand awareness; potential unidentified inorganic acquisitions; and general corporate purposes.

Founded in 2008, Lenskart commenced operations in India as an online business in 2010 and opened its first retail store in New Delhi in 2013. It believes that clear vision is fundamental to the personal development and well-being of an individual and their aim is to build a tech enabled supply and distribution that improves access to affordability and quality “Eyewear for All”.

Today, the brands business spans across designing, manufacturing, branding and retailing and it operates the largest eyewear retail networks in India with a strong presence across metro, Tier 1 and Tier 2+ cities, as well as international operations in Southeast Asia and the Middle East.

It owns and operates frame and lens design and prescription eyeglasses manufacturing facilities at two locations in India in Bhiwadi, Rajasthan and Gurugram, Haryana, supplemented by regional facilities in Singapore and the United Arab Emirates.

The brand targets different customer categories through a portfolio of brands and sub-brands that include premium collections through John Jacobs and Owndays (acquired in 2022), and economy and affordable premium collections through Lenskart Air, Vincent Chase, hustlr, and Hooper Kids.

The company recently agreed to purchase the remaining 80% stake in Stellio Ventures S.L., which owns the “Meller” consumer eyewear brand, for ₹4,063.93 million. Its products are primarily sold online through its website to customers across multiple countries. Additionally, Stellio operates a retail store in Barcelona, Spain.

In FY 25, across its brands, it launched 105 new in-house designed and engineered collections globally, including in collaboration with popular brands and celebrities. Additionally, it sold 27.2 million eyewear units across 12.41 million customer accounts in India and Overseas.

Interesting to note that customers contributing almost 45% of the revenues to the company in India engaged with the brand digitally through organic searches, social media or other online mediums 90 days before completing their purchase.

From its own facial analysis and frame recommendation tool to its AI enabled Computer Vision platform which analysis CCTV footage from its retail locations to optimise customer flow at stores and increase conversion rates and Geo-analytics to predict revenue potential and payback period, customised technology solutions have been used from engagement to supply chain, post order fulfilment, retail store operations – the brands 500+ tech team has been responsible to build, maintain and enhance its core technology infrastructure, including its websites, mobile applications, warehouse management system and AI-driven tools supporting its operations and customer experience.

During FY25, the brand conducted 38.59 million virtual try-ons and 37.87 million face/frame size measurements for our customers in India through our mobile applications.

While India continues to be its largest market in Asia it is amongst the two largest organised retailers of prescription eyeglasses in terms of the B2C eyeglasses sales volumes in FY25. It offers an extensive portfolio of eyewear products including prescription eyeglasses, computer glasses, zero-power glasses, and sunglasses, with customisation enabled across lenses and frames.

It recorded over 100 million cumulative app downloads and garnered more than 104.97 million annual visitors on its websites globally in FY25. The brand currently operates across 2,723 stores (comprising 2,067 stores in India and 656 stores internationally).

As per the DRHP, across India, Japan, Southeast Asia and Middle East where the company is present there are an estimated 1.3 billion individuals who are affected by refractive errors as of Financial Year 2025, representing 32% of global population. If one has to look at only India, the number of individuals affected by refractive errors in India has increased from approximately 43% (approximately 590 million) in the Financial Year 2020 to an estimated 53% (approximately 777 million) in the Financial Year 2025 and is projected to increase to approximately 62% (approximately 943 million) by the Financial Year 2030

Its proprietary platform, including mobile apps and website, supports seamless ordering, virtual try-ons and digital consultations. Lenskart’s customer journey is further supported by its in-house optometrists and cutting-edge optical labs, enabling precision-driven fulfilment and quicker turnaround.

Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Pvt Ltd, Avendus Capital Pvt Ltd, Citigroup Global Markets India Pvt Ltd, Axis Capital Ltd, Intensive Fiscal Services Pvt Ltd are the Book Running Lead Managers to the Issue.

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·         Bid /Offer Opening Date is Thursday, July 24, 2025; Bid/ Offer Closing Date is Monday, July 28, 2025

·         Bids can be made for a minimum of 166 Equity Shares and in multiples of 166 Equity Shares thereafter

Bengaluru, July 24, 2025: Brigade Hotel Ventures Limited (BHVL), has allotted, 3,60,81,000 Equity Shares to 17 anchor investors and raised ₹ 324.72 crores ahead of company’s proposed IPO at the upper price band of ₹ 90 per equity share with face value of ₹ 10 per share, (including share premium of Rs 80 per equity share).

The anchor book saw participation from a wide variety of marquee investors, including SBI Mutual Fund, Franklin India Mutual Fund, 360 One Mutual Fund, Axis Mutual Fund, Motilal Oswal Mutual Fund, Bandhan Mutual Fund and Edelweiss Mutual Fund to name a few.

Out of the total allocation of 3,60,81,000 Equity Shares to the Anchor Investors, 2,54,88,636 Equity Shares (i.e. 70.64% of the total allocation to Anchor Investors) were allocated to 6 domestic mutual funds through a total of 12 schemes.

The total offer comprises of a fresh issue of equity shares of face value of ₹10 each aggregating up to ₹ 7596.0 million. This issue includes a reservation aggregating up to ₹75.96 million for subscription by eligible employees and a reservation aggregating up to ₹303.84 million, for subscription by Brigade Enterprises Limited (BEL) shareholders. A discount of Rs. 3/- per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion (“Employee Reservation Portion Discount”).

The Company proposes to utilize the net proceeds towards repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company and material subsidiary – SRP Prosperita Hotel Ventures Limited, amounting to Rs 4681.4 Million. The repayment amount will include Rs 4136.9 Million availed by the Company and Rs 544.5 Million by material subsidiary – SRP Prosperita Hotel Ventures Limited. The net proceeds will also be used towards the payment of consideration for buying of undivided share of land from our promoter, Brigade Enterprise Limited (BEL) amounting to Rs 1075.2 Million as well as for pursuing inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes.

JM Financial Limited and ICICI Securities Limited are the Book Running Lead Managers to the issue.

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Orient Cables (India) Limited has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company plans to raise funds through initial public offerings comparing of the total offer size of  equity shares (face value ₹1 each) aggregating up to ₹7000 million (₹700 Crore). (“Total Issue Size”)

The offer comprises of fresh issue of equity shares aggregating up to ₹3200 million (₹320 crore) (The “Fresh Issue”) and offer for sale by Selling Shareholders aggregating up to ₹3800 million (₹380 Crore) (The “Offer for Sale”).

The Company proposes to utilize the net proceeds towards funding – (i) Funding of capital expenditure requirements of the Company towards purchase of machinery, equipment and civil works at its manufacturing facilities estimated amount to be ₹ 915 million [₹ 91.50 crore]; (ii) Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company estimated amount to be ₹1555 million [₹ 155.50  crores] and balance amount towards general corporate purposes. (The “Object of Issue”).

According to the 1Lattice Report, Orient Cables is one of the fastest growing players in the wires and cables industry* with a revenue CAGR of approximately 23.18% from Fiscal 2023 to Fiscal 2025. while the average revenue CAGR of its peers was approximately 11.48% during Fiscal 2023 to Fiscal 2025.

The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). (The “Listing Details”)

IIFL Capital Services Limited and JM Financial Limited are the Book Running Lead Managers to the issue. (The “BRLMs”)

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