Canara Robeco Asset Management Company has set a price band of INR 253-266 per share for its upcoming IPO, targeting a valuation of INR 53.05 billion ($597.9 million) at the upper end, according to Reuters calculations. The IPO, opening for retail investors on October 9 and for anchor investors on October 8, will close on October 13, with the stock expected to list around October 16. A joint venture between Canara Bank and ORIX Corporation Europe, the firm manages over INR 1 trillion in assets. The IPO will be a pure offer for sale of 49.8 million shares, with Canara Bank and ORIX reducing their stakes by 13% and 12%, respectively.Read more

Anantam Highways Trust, backed by Alpha Alternatives, is raising INR 400 crores through an IPO to strengthen its INR 5,000-crore portfolio of road assets. The trust currently owns seven hybrid annuity model road projects built by Dilip Buildcon with 13 years of concession life left. With a right-of-first-offer agreement for 11 additional projects, assets from the Build India Infrastructure Fund worth INR 4,500 crores, and potential third-party deals, the trust has clear expansion prospects. IPO proceeds will be used for deleveraging, lowering its leverage ratio to 42 percent.Read more

Eldeco Infrastructure and Properties Ltd has submitted draft papers to SEBI seeking approval for an initial public offering (IPO) of INR 1,000 crore. The public issue will include a fresh issue of shares worth INR 800 crore and an offer for sale (OFS) of up to INR 200 crore by its promoters. A portion of the proceeds will be used to repay borrowings of its subsidiary, Eldeco Infracon Realtors Ltd, while the balance will go towards general corporate purposes. With a strong regional footprint and growing revenue, the company is preparing for its next phase of expansion.Read more

Infra.Market, an online marketplace for construction materials, has filed for an IPO worth between INR 4,500 crore and INR 5,500 crore using SEBI's confidential route. The public offering will be equally divided between a fresh issue of shares and an offer-for-sale by existing investors. Founded in 2016, the company supplies materials like concrete, steel, plywood, and electrical appliances to developers and contractors. Recently, it raised INR 732 crore from promoters and investors, valuing the business at around USD 2.8 billion. Infra.Market ended FY25 with revenue of INR 18,000 crore and net profit of INR 300 crore.Read more

WeWork India Management Ltd's IPO opened with a 4 per cent subscription on the first day, receiving bids for 11.1 lakh shares against 2.54 crore shares on offer. Retail investors subscribed 14 per cent, while qualified institutional and non-institutional categories saw minimal participation at 2 per cent each. The Rs 3,000-crore offer for sale, entirely by existing shareholders including Embassy Buildcon LLP and WeWork Global's Ariel Way Tenant Ltd, is intended to enhance visibility, provide liquidity to shareholders, and establish a public market for WeWork India shares without raising funds for the company.Read more

Tata Capital has fixed the price band for its upcoming initial public offering (IPO) at INR 310-326 per share, nearly 5% lower than its recent rights issue price of INR 343. The move aims to attract wider retail participation while balancing institutional interest. The IPO, expected to raise up to INR 15,512 crore, will be the largest issue of the year. Proceeds will strengthen the company's Tier-1 capital base and fund future lending growth. This marks the Tata Group's second listing in recent years after Tata Technologies.Read more

India's markets regulator, the Securities and Exchange Board of India (SEBI), clarified that it is not planning to bring family offices under its regulatory oversight. The statement came after a Bloomberg report suggested that SEBI was considering requiring family offices to disclose their entities, assets, and investment returns, and potentially creating a separate regulatory category for them. SEBI stated that these media reports are factually incorrect and confirmed that it is not examining or pursuing the matter at present.Read more

Tata Capital has raised INR 46.42 billion (USD 523 million) from anchor investors, including LIC and Norway's sovereign wealth fund, ahead of its USD 1.75 billion IPO - one of India's largest this year. LIC invested INR 7 billion, while Norway's wealth fund bought shares worth INR 1.25 billion, allotted at INR 326 each, the upper end of the price band. The IPO, opening October 6 and listing October 13, includes a fresh issue of 210 million shares and an offer for sale of 265.8 million shares by Tata Sons and IFC. Anchor investors will hold around 30% of the 475.8 million shares on offer.Read more

Runwal Realty aims to raise up to INR 2,000 crore through an IPO, consisting of a fresh issue of INR 1,700 crore and an OFS of INR 300 crore, with a possible pre-IPO placement of INR 340 crore. The company plans to use the proceeds to repay outstanding debt of INR 3,304 crore and fund general corporate purposes. Established in 1978, Runwal Realty has completed 35 projects and is developing 17 ongoing projects, with 24 upcoming projects spanning 35.15 million square feet across Mumbai and Pune, including a new venture into hospitality.Read more

Corporate Affairs Secretary Deepti Gaur Mukerjee has urged insolvency professionals and valuers to adopt a robust self-regulating mechanism, stressing that the Insolvency and Bankruptcy Code (IBC), introduced in 2016, carries high expectations for market-linked, time-bound resolutions of stressed assets. Speaking at the ninth annual day of the Insolvency and Bankruptcy Board of India (IBBI) in New Delhi, she observed that while a Code of Conduct exists, its impact remains limited and professionals must focus on introspection and self-regulation rather than policing. Currently, India has 4,500+ registered insolvency professionals and 6,000 valuers under the Code. IBBI Chairperson Ravi Mital noted that more than 100,000 homebuyers have benefitted from real estate resolutions and that 125 amendments to regulations, upheld by courts, reflect the Code's ongoing evolution and credibility.Read more