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Sudeep Pharma sets IPO price band at Rs 563-593; issue to open on November 21
The Economic Times· 2025-11-18 08:54
Core Viewpoint - Sudeep Pharma has set a price band of Rs 563–593 for its initial public offering (IPO) of Rs 895 crore, which will open for subscription on November 21 and close on November 25, with an anchor book opening on November 20 [1][7]. Group 1: IPO Details - The IPO consists of a fresh issue of Rs 95 crore and an offer for sale (OFS) of 1,34,90,726 shares by promoter and promoter group shareholders, amounting to Rs 800 crore at the upper end of the price band [1][2]. - At the lower price band of Rs 563, the total offer size is Rs 854.5 crore, while at the upper band, it reaches Rs 895 crore [2][7]. - Investors can bid for a minimum of 25 equity shares, and in multiples of 25 thereafter [2][7]. Group 2: Use of Proceeds - The company plans to allocate Rs 75.8 crore from the fresh issue towards capital expenditure for procuring machinery for its production line at the Nandesari Facility 1 in Gujarat, with the remaining funds directed towards general corporate purposes [2][7]. Group 3: Company Overview - Sudeep Pharma is a technology-driven manufacturer of excipients and specialty ingredients utilized in the pharmaceutical, food, and nutrition sectors, leveraging in-house technologies to enhance innovation and manufacturing efficiency [3][7]. - The company has established a global presence in over 100 countries, with significant market penetration in the US, South America, Europe, the Middle East, Africa, and Asia-Pacific [5][7]. - Sudeep Pharma is one of the largest producers of food-grade iron phosphate, with an annual manufacturing capacity of 72,246 metric tonnes as of June 30, 2025 [5][7]. Group 4: Client Relationships - Over the years, Sudeep Pharma has built relationships with more than 1,100 customers worldwide, including notable clients such as Pfizer Inc, Mankind Pharma, and Merck Group [6][7]. - The IPO will be offered through a book-building route, with allocations of not more than 50% for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail individual investors [6][8].
Amazon-backed More Retail picks banks for $300-million IPO
BusinessLine· 2025-11-18 08:42
More Retail Pvt., the food and grocery chain jointly owned by Amazon.com Inc. and Samara Capital Partners, has picked advisers for an impending initial public offering that could raise about $300 million, according to people familiar with the matter. The Mumbai-based retailer has hired Avendus Capital Pvt. and ICICI Securities Ltd. to begin work on the potential listing, which could value the company at around $2.5 billion, people familiar with the matter said, asking not to be identified as the information ...
Satellite firm York Space Systems reveals 59% revenue surge in US IPO filing
Reuters· 2025-11-17 16:54
Core Insights - York Space Systems experienced a 59% increase in revenue during the first nine months of 2025, as disclosed in its U.S. initial public offering paperwork [1] Company Summary - The company is backed by private equity, indicating strong financial support and potential for growth in the satellite industry [1] - The significant revenue growth suggests a robust demand for satellite services and products, positioning the company favorably in the market [1]
Off The Hook YS Inc. Announces Closing of Initial Public Offering
Globenewswire· 2025-11-14 22:00
North Carolina, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Off The Hook YS Inc. (“Off The Hook” and the “Company”) (NYSE American: OTH), a premier yacht and boat wholesaler specializing in the buying and selling of yachts and boats, today announced the closing of its initial public offering of 3,750,000 shares of its common stock at a public offering price of $4.00 per share, for gross proceeds of $15,000,000, before deducting underwriting discounts and offering expenses. In addition, Off The Hook has granted the un ...
Chinese aluminium smelter rides Hong Kong IPO wave with US$707 million fundraising
Yahoo Finance· 2025-11-14 09:30
Group 1: IPO Details - Chuangxin Industries Holdings aims to raise up to HK$5.5 billion (US$707 million) in its initial public offering (IPO), attracting commitments from 18 domestic and international investors, indicating strong demand in Hong Kong's fundraising market [1][4] - The company plans to offer 500 million shares priced between HK$10.18 and HK$10.99, with 90% allocated to institutional investors and the remaining 10% to retail investors, and trading is expected to commence on November 24 [2] - Cornerstone investors include Glencore, Hillhouse Group, China Hongqiao Group, Mercuria Energy Group, Millennium Management, and Jane Street, collectively committing around US$351 million based on the upper price range [3] Group 2: Market Context - The IPO occurs during a rebound in Hong Kong's equities, with global investors, including US funds, showing renewed interest in Chinese firms [4] - Total funds raised from new share sales in Hong Kong surged by 220% in the first nine months of the year, with 66 companies raising US$23.27 billion, making the Hong Kong stock exchange the top global IPO venue for the first time since 2019 [5] - Over 300 companies are in the listing pipeline as international investors' appetite returns, with many Chinese firms using Hong Kong for global expansion [6] Group 3: Use of Proceeds - Chuangxin plans to allocate half of the IPO proceeds to expand its overseas production capacity, including a project in Saudi Arabia, while the remainder will be used for constructing green energy projects, working capital, and general corporate purposes [7]
Kraken boss Arjun Sethi says company won't 'race to the door' to get an IPO done
Yahoo Finance· 2025-11-13 21:57
Core Insights - Kraken, a major US crypto exchange, is not rushing to go public despite the trend among other crypto firms [1][2] - The company has raised significant private capital, recently securing $500 million at a $15 billion valuation and is considering another round at a $20 billion valuation [3] - Kraken reported a substantial increase in revenue, doubling to $648 million in the third quarter compared to the previous year [4] Company Overview - Kraken, formally known as Payward Ventures, has been operational since 2011 and has only taken $27 million in primary outside capital until recently [2] - The company is cautious about going public, emphasizing the importance of market education from other firms' IPOs [2] Financial Performance - In the third quarter, Kraken's trading platform recorded $562 billion in transaction volume [4] - The company is currently evaluating a potential funding round between $200 million and $300 million [3] Industry Context - Other crypto firms, including Circle and Gemini, have entered the IPO market but have faced stock price declines due to recent corrections in crypto valuations [5][6] - The overall IPO landscape is affected by external factors such as the US government's shutdown, which has slowed the process for companies working with the SEC [7]
Grayscale Becomes Latest Crypto Company to File for IPO
Yahoo Finance· 2025-11-13 20:52
Core Viewpoint - Grayscale has filed for an initial public offering, marking a significant move for cryptocurrency-linked companies in a more favorable regulatory environment for digital assets [1] Financial Performance - For the nine months ending September 30, Grayscale reported a net income of $203.3 million and revenue of $318.7 million according to its filing with the US SEC [1]
Crypto-Focused Asset Manager Grayslace Files For NYSE IPO
Yahoo Finance· 2025-11-13 14:15
Core Viewpoint - Grayscale Investments has filed for an initial public offering (IPO) of its Class A common stock with the SEC, intending to list on the NYSE under the ticker symbol "GRAY" [1][3]. Company Structure - Grayscale will issue two classes of shares: Class A shares will have one vote per share and carry economic rights, while Class B shares will have ten votes each but no economic rights [4]. - Digital Currency Group (DCG), Grayscale's parent company, will maintain control through ownership of both share classes, classifying Grayscale as a "controlled company" under NYSE regulations [5]. IPO Proceeds and Structure - Proceeds from the IPO will be used to buy membership interests from existing members at the offering price, net of underwriting fees [6]. - The IPO will follow an "Up-C" structure, separating the public corporation from the operating LLC, which will not receive any proceeds from the sale [6]. Underwriting and Regulatory Status - Underwriters have an option to buy additional shares to cover over-allotments, and Grayscale qualifies as an "emerging growth company," facing lighter financial reporting requirements [7]. Industry Context - The digital asset space has seen increased momentum for crypto-related public offerings, with notable recent IPOs including tZero Group and BitGo [8]. - Circle, a stablecoin issuer, experienced significant success with its IPO in June 2025, surging more than sevenfold since going public [9].
SBI Funds Management - the biggest Indian asset manager - is said to eye $1.2 bn IPO in 2026
BusinessLine· 2025-11-13 13:30
SBI Funds Management Ltd is considering raising as much as $1.2 billion in an initial public offering that could take place in Mumbai in the first half of 2026, people familiar with the matter said.India’s biggest asset manager plans to ask banks to pitch for mandates to work on the IPO in the coming weeks, the people said, asking not to be identified because the information is private. SBI Funds may be valued at $12 billion, they said. Deliberations are ongoing and details may change, the people said. SBI ...
SONIC LIGHTING(SONC) - Prospectus(update)
2025-11-12 12:37
As filed with the U.S. Securities and Exchange Commission on November 12, 2025. Registration No. 333-290821 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________________________________ SONIC LIGHTING, INC. (Exact Name of Registrant as Specified in its Charter) _____________________________________ | Nevada | 5010 | 33-4774630 | | --- | --- | --- | | (State or Other Jurisdiction of | (Primary ...