The seminar witnessed participation from diverse audience of civil servants, existing and potential investors, students, professionals, and members of the community.

Shri Tuhin Kanta Pandey, Chairman, SEBI inaugurated the seminar  and delivered the keynote address. He emphasized SEBI’s unwavering commitment for creating a transparent, strong, and fair regulatory framework to protect investors’ interests. He underscored that investor protection and market integrity are of paramount importance.  SEBI Chairman spoke about fostering  a culture of investing that benefits the entire ecosystem.  Shri Pandey also apprised audience about SEBI Check that allows investors to verify  the  authenticity  of  UPI  IDs and confirm  the  bank  details  of a registered intermediary.

Shri Ashishkumar Chauhan, MD & CEO, NSE, in his opening address, highlighted NSE’s mission to be a beacon of investor education, awareness, and protection. He mentioned that there is exponential growth in India’s investor base which now stands at 12.2 crore unique registered investors. Hence, a financially literate and an aware investor is the strongest shield against frauds and scams and also facilitates their financial well-being.

Smt. Shruti S Yaragatti, IPS – Cybercrime, Puducherry, conducted a vital session on cybercrime awareness, a critical topic in the era of digitized transactions, providing attendees with tips on staying safe from online frauds.

Shri Suraj Mohan, Regional Director, SEBI SRO, addressed the regulatory framework and grievance redressal mechanisms available to investors.

NSE’s Commitment to Investor Empowerment

The seminar highlighted the National Stock Exchange’s deep-rooted commitment to financial inclusion and investor safety:

• Investor Awareness Programs (IAPs): NSE has ramped up its efforts, conducting 14,487 IAPs in FY26 alone (as of 31-Oct-25), reaching nearly 7.8 lakh participants, underscoring the massive scale of their educational outreach.
• Investor Protection Fund: The Investor Protection Fund stands at a corpus of ₹2,719 crore (as of 31-Oct-25), demonstrating a strong commitment to safeguarding investors’ money.
• Public Outreach: The exchange continues to collaborate with popular platforms like Kaun Banega Crorepati and leverage advertisements in traditional and new media to promote investor awareness.

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Bengaluru, November 25, 2025: The Wealth Company Mutual Fund, part of the Pantomath Group, today announced that it has received approval from the Securities and Exchange Board of India (SEBI) to launch its Specialized Investment Fund (SIF) a first-of-its-kind, strategy-enabled product designed to deliver hedge-fund-like agility in a transparent and well-regulated ecosystem. With this approval, The Wealth Company Mutual Fund joins a select group of AMCs authorized to offer SIF strategies in India. The Wealth Company Mutual Fund will operate its SIF under ‘WSIF’ brand name.

The Wealth Company Mutual Fund has appointed Mr. Chinmay Sathe as Chief Investment Office & Head – Specialized Investment Fund.

WSIF is built on a philosophy that combines conviction with clarity. The Wealth Company Mutual Fund is driven by intelligent aggression, backed by rigorous research and deep market experience. The Wealth Company Mutual Fund believes that every position in the portfolio should be guided by disciplined process, continuous research, and an unrelenting commitment to long-term performance. In essence, WSIF stands for clarity of thought, precision in execution, and a philosophy that prioritizes meaningful risk-taking to generate sustained, differentiated returns across cycles.

Elaborating on the SIF approval Ms. Madhu Lunawat, Founder, MD & CEO, The Wealth Company Mutual Fund said, “Specialized Investment Funds mark the next phase of innovation in India’s mutual fund industry. At WSIF we aim to offer a high conviction research driven SIF designed to navigate market cycles through intelligent aggression, precise risk allocation, and the strategic use of hedging and directional tools — executed with discipline, clarity, and a deep commitment to superior long-term results. We plan to offer several products under the SIF umbrella to cater to different risk and asset allocation preferences of clients”

Adding to it, Mr. Chinmay Sathe, Chief Investment Officer & Head – SIF, The Wealth Company Mutual Fund said, “At WSIF, we aim to develop differentiated investment products that align with clients’ distinct risk profiles and strategic asset allocation needs. Our products would be built on a philosophy of conviction and clarity, backed by rigorous research and deep market experience. We are driven by intelligent aggression, focusing on opportunities with compelling reward asymmetry.”

By introducing hedge-fund–like flexibility within a SEBI-regulated mutual fund structure, the SIF category marks a significant evolution in India’s investment landscape. The Wealth Company Mutual Fund’s SIF (WSIF) is positioned to become a meaning allocation for investors seeking enhanced upside participation, along with meaningful downside protection. Backed by an institutional-grade research and risk-management framework, the fund aims to deliver a disciplined, all-weather solution for HNIs, family offices and sophisticated wealth platforms.

Disclaimer: Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision.

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The Company is into design and supply of control-intensive, critical-to-the-application electronic control units (“ECUs”) to leading original equipment manufacturers (“OEMs”) in the mobility and industrial markets in India, the United States, and Europe. Majority of the revenue from operations is attributed to products which incorporate novel control technologies that are conceived and developed entirely in-house, enabling the company to offer fresh proprietary solutions that provide distinct value to end-users or OEM customers.

According to the DRHP, the Company plans to raise funds through an Initial Public Offering. The total Offer comprises of an 100% Offer For Sale of up to 8,043,300 equity shares (“Total Offer Size”). The Company will not receive any proceeds from the Offer for Sale.

The Company’s revenue from operations from three months ended June 30, 2025, Fiscal 2025, Fiscal 2024 and Fiscal 2023 stood at ₹ 2,173.57 million, ₹ 6,583.63 million, ₹ 5,306.53 million and ₹ 4,230.28 million respectively. The Profit for the period/year stands at ₹ 170.69 million, ₹ 470.45 million, ₹ 58.78 million and ₹ 85.73 million respectively during the same period

They are the first company in India to develop, design and manufacture sensorless commutation (“SLC”) based integrated starter generators (“ISG”) ECUs for two-wheeler / 3-wheelers (“2/3Ws”) internal combustion engine (“ICE”) powered vehicles (Source: CRISIL Report), The company holds approximately 30% market share of domestic ISG ECU market (for 2W and 3W combined) in terms of volume and are amongst the top 4 players for Fiscal 2025 (Source: CRISIL Report).The Company is also the leaders in India for genset controllers (“GC”) with a market share of more than 75% in Fiscal 2025 and are amongst the key global players with a market share of 14% globally with their offerings of genset controllers and EFI ECUs for this market (Source: CRISIL Report).

ICICI Securities Limited, Avendus Capital Private Limited, and Axis Capital Limited are the book running lead managers (BRLM) to the offer.

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The Company is the parent company of Lakshya, which operates from 15 campuses in 8 cities, namely, Calicut, Ernakulam, Kannur, Trivandrum, Kottayam, Thrissur, Coimbatore and Bengaluru. Learnfluence also uses its own LMS app, called Lakshya IIC, available on the Apple App Store and Google Play Store. According to CRISIL Report, the company have a market share of 3.26% in the coaching service industry in India.

According to the DRHP, the proposed IPO is a combination of a fresh issue of equity shares aggregating up to ₹2,460 million (246 Crore) and an offer for sale (OFS) of up to 40,00,000 equity shares. Orwel Lionel is the Promoter selling shareholders for the Offer.

The Company proposes to utilize the Net Proceeds of the Fresh Issue towards (i) Capital expenditure towards setting up new physical campuses; (ii) Expenditure towards sales and marketing initiatives (iii) Repayment and / or prepayment, in full or in part, of certain outstanding loans availed (iv) Expenditure towards lease payments of existing identified long-term campuses; and balance for (v) general corporate purposes.

As per the CRISIL Report, among the peer group, the operating income of the company recorded at a CAGR of 127.44% between Fiscals 2022 and 2024, the third highest in the industry. During the same period, the operating profit before depreciation, interest and tax achieved the highest CAGR of 232.76%, while the PAT recorded the highest CAGR of 184.13% with a PAT margin at 14.72% in Fiscal 2024.

The Company, in consultation with the BRLM, may consider a Pre-IPO Placement of Equity Shares, prior to filing of the Red Herring Prospectus with the RoC.

Saffron Capital Advisors Private Limited is the sole book running lead managers (BRLM) to the offer.

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The offer comprises a fresh issue of equity shares aggregating up to ₹2,600.00 million (₹260 crores) and an offer for sale of up to 39,239,446 equity shares of face value of ₹5 each.

The offer for sale includes sale of equity shares by Sureshchand Premchand Jain of up to 5,963,978 shares, Meena Sureshchand Jain of up to 2,205,030 shares, Satyen Suresh Jain of up to 5,344,740 shares, ASP Enterprises Private Limited of up to 4,964,350 shares, The Executive Inn Limited of up to 2,394,136 shares, Kopra Estate Private Limited of up to 3,049,010 shares, and Pride Plaza (I) Private Limited of up to 2,651,313 shares (The Promoter selling shareholders).

The sale also includes share by Namrata Garg of up to 98,500, Executive Housing Finance Co Limited of up to 2,386,183 shares, Pride Paradise & Development Private Limited of up to 683,720 shares, Pride Centre and Development Private Limited of up to 1,193,091, Pride Orchards Private Limited of up to 662,828 shares, SP Realtors Private Limited of up to 2,518,748 shares, SP Capital Consultants Private Limited of up to 1,855,919 shares, and SP Capital Financing Limited of up to 3,267,900 shares as detailed in the Draft Red Herring Prospectus (The Promoter Group selling shareholders). 

Motilal Oswal Investment Advisors Limited and JM Financial Limited are the Book Running Lead Managers to the issue.

The Company proposes to utilize the net proceeds from the Fresh Issue towards (i) Funding capital expenditure towards renovation of existing hotels (ii) Repayment and prepayment in full of part of certain borrowings and (iii) General corporate purposes.

The company is a homegrown Indian hospitality brand that owns, develops, operates, and manages a diversified chain of hotels and resorts under the “Pride Hotels and Resorts” brand with over 38 years of experience in the hospitality industry.

The company’s operating portfolio comprises of 2,723 rooms across 34 operational hotels and resorts (collectively, “Portfolio”). The Portfolio includes seven owned hotels and resorts, aggregating of 1,136 rooms (“Owned Portfolio”) and 27 hotels and resorts that are managed by hotel management agreements, aggregating of 1,587 rooms (“Managed Portfolio”)

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”).

A Pre-IPO Placement may be undertaken by the company, in consultation with the BRLMs, prior to the filing of the Red Herring Prospectus for an aggregate amount not exceeding ₹520 million (₹52 crores) (“Pre-IPO Placement”). If the Pre-IPO Placement is undertaken, the amount raised from the Pre-IPO Placement will be reduced from the fresh issue, subject to the offer complying with rule 19(2)(B) of the SCRR”. The Pre-IPO Placement, if undertaken, shall not exceed 20% of the fresh issue.

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The company’s promoters are Anil Agarwal and Twin Star Overseas Limited, who will also participate in the offer for sale along with other shareholders. Net proceeds from the fresh issue are proposed to be utilized towards repayment or prepayment of borrowings availed by the company and its subsidiaries, funding capital expenditure requirements and general corporate purposes.

Sterlite Electric is a manufacturer of capital goods and a provider of system integration solutions, specializing in the power transmission and distribution (“Power T&D”) industry for both domestic and international markets. Its product portfolio includes a wide range of overhead conductors, power cables, optical ground wire (“OPGW”), along with the provision of master system integration (“MSI”) services.

In Fiscal 2025, the company held a 15% share of the Indian power conductors market in terms of value, and a 25–28% share of the high ampacity and AL59 conductor market in India, also in terms of value.

It has catered to customers in more than 70 countries, including the USA, Brazil, Sweden, South Africa, Egypt, UAE, Chile, and Peru, during the period from April 1, 2022, to March 31, 2025.

Revenue from external customers outside India (continuing operations), reported under Ind AS 108 ‘Operating Segments,’ amounted to ₹10,007.07 million, ₹16,576.49 million, and ₹11,800.53 million in Fiscals 2025, 2024, and 2023, respectively.

The company operates four manufacturing facilities strategically located across India, positioned near key raw material sources and major transportation hubs, including seaports. Facilities in Jharsuguda (Odisha), Piparia (Dadra and Nagar Haveli), and Rakholi (Dadra and Nagar Haveli) specialize in overhead conductor production. The Haridwar (Uttarakhand) facility is dedicated to power cables, while the Piparia facility also manufactures OPGW.

As of March 31, 2025, the company’s annual installed capacity stood at 117,195.60 metric tonnes for overhead conductors, 2,400 kilometers for power cables, and 21,000 kilometers for OPGW.

According to the CRISIL Report cited in the DRHP, India’s transmission sector is expected to undergo significant expansion to integrate 500 GW of non-fossil fuel capacity by 2030, of which 280 GW is expected to come from solar and 140 GW from wind. This will require substantial investment in inter-state transmission systems to evacuate renewable energy from generation hubs to demand centers.

In parallel, the power cables industry is projected to grow at a CAGR of 11–13% between FY24 and FY29, driven by rising investments in transmission and distribution, renewable integration and urban infrastructure development. Large integrated players such as Sterlite Electric, with scale, technology leadership and execution capabilities, are expected to benefit disproportionately from these structural tailwinds.

The company has built a strong presence in both regulated and competitive bid projects, leveraging execution expertise, technology adoption and strategic partnerships. Backed by an experienced leadership team led by Managing Director Pratik Agarwal, Chairman Pravin Agarwal, and CEO Reshu Madan, the company continues to play a critical role in strengthening India’s power infrastructure and enabling renewable energy integration.

Axis Capital Limited,Motilal Oswal Investment Advisors Limited and Nuvama Wealth Management Limited are the Book Running Lead Managers to the issue.

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The Company designs and implements integrated technology platforms that function as the digital nervous system of CNI, enabling uninterrupted operations through secure connectivity and real-time data exchange. As of March 31, 2025, the Company has experience in integrating 44 distinctive technology systems in the iTSS systems framework, and has completed 600 projects across 19 countries, serving over 400 customers.

According to the DRHP, the proposed IPO is a combination of a fresh issue of equity shares aggregating up to ₹ 1,500.00 million (₹ 150 crore) and an offer for sale (OFS) of aggregating up to ₹ 7,500.00 million (₹ 750 crore). The total offer size will therefore aggregate up to ₹ 9,000.00 million (₹ 900 crore).

The promoter selling shareholders are Shriprakash R. Pandey (Founder, Promoter, and Managing Director of Commtel) who proposes to sell up to equity shares of face value of ₹ 2 each aggregating up to ₹ 3,440.00 million (₹ 344 crore). Satish Pookulangara (Non-Executive Director) and Ramakrishnan Saseendran Kodapully are the Other Selling Shareholders, each proposing to sell up to equity shares of face value of ₹ 2 each aggregating up to ₹ 2,030.00 million (₹ 203 crore).

According to F&S, The India iTSS market is expected to grow at an estimated CAGR of 10.9% from FY 2025 to FY 2030. At the backdrop of various market trends boosting the ITSS market, India is expected to experience faster than global average market growth. Infact, India is likely to grow faster than the APAC average of CAGR 9.4% estimated for the period of FY 2025 to FY 2030. Frost & Sullivan believes the India ITSS market to be sized at $384.45 Mn. in FY 2025 and forecasted to become $644.91 Mn. in the next five years.

Equirus Capital Private Limited and DAM Capital Advisors Limited are the book running lead managers to the offer.

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The company’s initial public offering comprises 27,900,000 equity shares of face value ₹10 each, including a fresh issue of up to 22,500,000 equity shares and an offer for sale of up to 5,400,000 equity shares.

The Offer for sale constitutes up to 2,170,800 equity shares aggregating by Arvind Chhotalal Morzaria, up to 1,740,030 equity shares by Dilip Chhotalal Morzaria, up to 1,078,770 equity shares by Subhash Chhotalal Morzaria, up to 341,895 equity shares by Lalit Navinchandra Morzaria and up to 68,505 equity shares by Nirmala Navinchandra Morzaria collectively the known as the selling shareholders.

In consultation with the BRLMs, Premier Industrial Corporation Limited may consider a Pre-IPO aggregating up to Rs 30 cr prior to filing of its RHP. If undertaken the amount raised would be reduced from the fresh issue.

The company plans to utilize its net proceeds for financing the capital expenditure requirements towards setting up a new wire manufacturing facility at Village Honad, Khalapur, Raigad, Maharashtra, and for financing the capital expenditure required for the expansion of the existing manufacturing facility at the Wada Unit, situated at Gut Nos. 33 and 39, Mauje Abje (Vaitarna Nagar), Wada, Palghar, Maharashtra, by increasing the manufacturing capacity of certain existing products. Further, the proceeds will also be utilized for funding the working capital requirements of the company and for general corporate purposes.

Premier Industrial Corporation Limited is amongst the few players who operate in both powders as well as wires categories of welding consumables industry. Their product portfolio spans ferro alloy, metal, chemical and mineral powders as well as low and non-alloy, stainless steel and nickel-based alloy wires. According to CRISIL report, Premier offers the widest range of metal, ferro alloy, chemical and minerals-based powders, among its peers.  During FY25, they contributed to approximately 8% (4.9 KTPA) of the overall demand for metal and ferro alloy powder generated in the domestic welding raw material & consumables industry.

The company demonstrated exceptional financial performance between fiscal years 2020 and 2025. It was one of the fastest-growing players in the welding consumables industry, achieving a revenue CAGR of approximately 20%, notably outpacing peers like Diffusion Engineers (16% CAGR). This growth translated into superior profitability, with EBITDA CAGR at 31.4% and Profit After Tax (PAT) CAGR at 32.6%, both significantly exceeding the average peer group CAGRs (which ranged from 18.0% to 19.4% for EBITDA and 13.7% to 19.6% for PAT). Furthermore, the company showed dramatic margin improvement, as its Operating Profit Margin (OPM) nearly doubled from 8.7% in FY23 to 16.8% in FY25. This starkly contrasts with the peer set, whose OPM remained relatively stable. Similarly, the Net Profit Margin (NPM) soared from 3.4% to 10.7% over the same period, far exceeding the stable 8.4% to 9.2% NPM range reported by the peer group.

Premier Industrial Corporation Limited commenced business operations in 1979, through their predecessor partnership firm M/s. Premier Industrial Corporation, which was primarily authorized to engage as dealer in metal and ferro alloys and manufacturer of foundry materials. Over the years they have diversified their product portfolio to include alloy and metal wires and expanded our business operations into exports market.

Unistone Capital Private Limited is the sole Book Running Lead Manager 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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According to the DRHP, the proposed IPO of the Hyderabad-based company is entirely a fresh issue of equity shares.

Virupaksha proposes to utilize the Net Proceeds of the Fresh Issue, with Rs. 360 crores allocated towards funding capital expenditure requirement for capacity expansion at Unit 1, Unit 2, Unit 4 and Unit 5; Rs. 195 crores earmarked for prepayment of all or a portion of certain outstanding borrowings, and the balance towards general corporate purposes.

Chandra Mouliswar Reddy Gangavaram, Balasubba Reddy Mamilla, Chandrasekhar Reddy Gangavaram, Vedavathi Gangavaram, Kondapalli Sandeep Reddy, Kotla Suraj Reddy, Mamilla Nagarjun Reddy, Gangavaram Sri Lakshmi and G Sri Vidya are the Promoters of the company.

Virupaksha’s offerings include small molecule APIs, key starting materials (KSMs), and intermediates, allowing it to meet the high demand for essential medications across various therapeutic areas. It is focussed on manufacturing products across diverse therapeutic areas of anti-histamines, analgesics, anti-fungals, anti-diabetics, anti-depressants, anti-asthmatics, anti-tussives, anti-anginals, antihypercholesterolemics, and anti-ulceratives.

Virupaksha also has a contract development and manufacturing (CDMO) business, leveraging its R&D and manufacturing capabilities to provide CDMO services to third-party manufacturers. As of March 31, 2025, it had a diversified portfolio of 54 products, comprising 23 APIs and 31 intermediates, serving more than 550 customers in over 100 countries.

Virupaksha operates six manufacturing units, with four located in Hyderabad, Telangana and two in Humnabad, Karnataka, equipped with an aggregate of 223 reactors with a reactor volume of 988 kilolitres.

In FY25, Virupaksha reported revenue from operations of Rs. 811 crore and a profit after tax (PAT) of Rs. 78 crores.

The company, in consultation with the BRLMs, may consider a Pre-IPO Placement aggregating up to Rs. 148 crores; 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.

Axis Capital Limited and SBI Capital Markets Limited are the book running lead managers (BRLMs) to the offer.

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