Core Insights - The IPO of Orkla India Ltd opened for subscription on October 29, 2025, but has seen a slow bidding pace, with an overall subscription rate of just 37% as of 12.09 pm on the first day [1] - The IPO is valued at ₹1,667 crore and consists entirely of an offer-for-sale (OFS) of up to 2.28 crore equity shares, with a price band set between ₹695 to ₹730 per share [2] - The company is scheduled to debut on the stock market on November 6, 2025, after the subscription period ends on October 31, 2025 [3] IPO Details - The IPO is an offer-for-sale with no fresh issue component, and the lot size is set at 20 shares [2] - The anchor investor allocation raised approximately ₹500 crore from prominent investors prior to the public subscription [2] Shareholder Information - The selling shareholders include Orkla Asia Pacific Pte and shareholders Navas Meeran and Feroz Meeran, with Orkla Asia Pacific Pte. Ltd and Orkla ASA holding a combined 90% stake [4] Company Overview - Orkla India, previously known as MTR Foods, is a diversified food company with a strong presence in various categories, including spices, ready-to-eat meals, and breakfast mixes, marketed under brands like MTR and Eastern [5] Market Sentiment - Brokerages such as Mehta Equities and Anand Rathi have expressed optimism regarding the IPO, citing potential growth driven by category expansion, distribution, product innovation, and a debt-free structure [6] - Despite the strong brand portfolio and market potential, the initial response to the IPO has been lukewarm, indicating valuation concerns [7]

The IPO is priced in the range of Rs 695 to Rs 730 per share, with a minimum application size of 20 shares, translating to an investment of Rs 14,600 for retail investors. The company has set aside up to 50% of the issue for qualified institutional buyers, at least 35% for retail investors, and 15% for non-institutional investors.According to market observers, the stock is commanding a grey market premium (GMP) of around 12%, implying that the shares could list in the range of Rs 810–820 if current sentime ...

Core Viewpoint - Charming Medical Limited, a Hong Kong-based provider of Traditional Chinese Medicine (TCM)-inspired therapies, has successfully completed its initial public offering (IPO) and has raised approximately $7.36 million in gross proceeds from the offering, including an over-allotment option exercised by underwriters [1][2]. Company Overview - Charming Medical Limited integrates TCM principles with modern technology to enhance quality of life and promote holistic well-being. The company operates four wellness centers in Hong Kong, offering services such as womb-warming therapy, pelvic detox therapy, moxibustion, prenatal massage, and traditional abdominal binding, focusing on women's health issues [6]. - Under the "Beauty Lab" brand, the company develops and distributes TCM-inspired supplements and beauty products aimed at improving women's constitution and vitality. These products include uterine care patches, probiotic washes, and nourishing herbal formulations [6]. - The company also provides technical training, dietary therapy consultancy, and franchise opportunities to extend its wellness philosophy to other practitioners and entrepreneurs [6]. Offering Details - The IPO consisted of 1,600,000 Class A ordinary shares priced at $4.00 per share, with an additional 240,000 shares purchased through the over-allotment option, resulting in gross proceeds of $0.96 million from the over-allotment [1][2]. - The offering was conducted on a firm commitment basis, with Cathay Securities, Inc. acting as the representative of the underwriters [3]. - The registration statement for the offering was filed with the SEC and declared effective on September 30, 2025, with a final prospectus available on the SEC's website [4].

Core Viewpoint - Orkla India has successfully raised approximately Rs 500 crore from anchor investors ahead of its initial public offering (IPO), which is set to open for subscription on October 29, 2025 [1][5]. Group 1: IPO Details - The IPO is valued at Rs 1,667 crore and will be available for public subscription from October 29 to October 31, 2025, with a price band set between Rs 695 and Rs 730 per share [5]. - Orkla India is conducting a complete offer for sale (OFS) of 2.28 crore equity shares by promoters and other shareholders, with no fresh issue component [7][8]. - The company will not receive any proceeds from the IPO, as the funds will go entirely to the selling shareholders [9]. Group 2: Investor Participation - A diverse group of prominent domestic and global institutional investors participated in the anchor allotment, including Nippon India Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Government Pension Fund Global [2]. - A total of 6,843,900 equity shares were allotted to anchor investors at a price of Rs 730 per share, raising Rs 499.6 crore [4]. Group 3: Company Background - Orkla India, formerly known as MTR Foods, is a multi-category Indian food company that produces a variety of products, including spices, ready-to-eat meals, and breakfast mixes under well-known brands such as MTR and Eastern [9]. - The company is primarily owned by Orkla Asia Pacific Pte. Ltd and Orkla ASA, holding a combined 90% stake, while the Meeran family holds 5% each [8].

GLOBE Telecom, Inc. on Tuesday said that a planned stock split by Globe Fintech Innovations Inc. (Mynt), operator of the popular e-wallet GCash, had been approved by the Securities and Exchange Commission (SEC). Changes to article seven of Mynt's articles of incorporation were approved by the company's board and shareholders in June. The SEC approval, Globe told the stock exchange, was received on Monday."As such, the number of common shares will be 71,659,120,400 with a par value of three centavos per shar ...

Core Insights - The Hong Kong stock exchange experienced its busiest debut day since July, with four stocks beginning trading, indicating a continued bull run in the IPO market [1] Company Summaries - Deepexi Technology's shares doubled to HK$56.50 from an offer price of HK$26.66, marking it as the biggest gainer on debut [2] - Bama Tea's stock increased by 60% from its offer price of HK$50 to HK$80.10 [2] - CIG Shanghai's shares rose 36.5% to HK$94 from an offer price of HK$68.88 [2] - Sany Heavy Industry's shares began trading at HK$21.30, unchanged from the offer price, raising HK$13.45 billion (US$1.73 billion) in Hong Kong's third-largest IPO this year [3] Market Context - Sany Heavy Industry's chairman highlighted the significance of the listing in Hong Kong as a recognition of the company's growth and an opportunity for broader international financing [4] - Sany, already listed in Shanghai, priced its shares at the top of the offer range and partially exercised its over-allotment option, adding 51.17 million shares to the original 580.42 million shares planned for sale [5] - The IPO attracted 23 cornerstone investors, including Temasek Holdings, Hillhouse Investment, and BlackRock, who committed approximately US$759 million and agreed to hold shares for six months [6] - The retail portion of Sany's offering was oversubscribed by 52 times, while the institutional tranche was oversubscribed 13 times [6]

Core Insights - Lenskart Solutions is planning an initial public offering (IPO) aiming to raise Rs72.78 billion ($828.8 million) with a target valuation of Rs727.19 billion ($8 billion) [1][6] - The IPO is scheduled to start on 31 October 2025, with a proposed share price range between Rs382 and Rs402 [1] Investment and Shareholder Details - The company will issue new shares worth Rs21.5 billion, while existing shareholders will offer 127.5 million equity shares for sale, including significant sales from co-founders [2] - Notable investors like SoftBank and Kedaara Capital will divest portions of their stakes during the IPO [3] Expansion Plans - Lenskart plans to launch 450 new stores in the fiscal year 2025, increasing its global presence to over 3,150 stores across 14 countries, representing a 34% increase from the previous year [3] Use of IPO Proceeds - Proceeds from the IPO will be allocated to various strategic initiatives, including capital expenditures for new stores, technology investments, marketing, and potential acquisitions [4] Financial Performance - For the fiscal year ending 31 March 2025, Lenskart reported a restated profit of Rs2.97 billion, a significant turnaround from a restated loss of Rs101 million in fiscal year 2024 and Rs63 million in fiscal year 2023 [5] Underwriters - The book-running lead managers for the IPO include Kotak Mahindra Capital Company, Morgan Stanley India Company, and Intensive Fiscal Services [5]

Company Overview - Orkla India is a significant player in the Indian packaged foods market, owning brands such as MTR Foods, Eastern Condiments, and Rasoi Magic [7] - The company offers a diverse product portfolio that includes ready mixes, spices, beverages, and ready-to-eat meals [7] - Orkla India operates nine manufacturing plants in India and has contract manufacturing operations in the UAE, Thailand, and Malaysia, selling over 2.3 million units daily across 28 states and 6 union territories, and exporting to 42 countries [8] Financial Performance - For the fiscal year ending March 2025, Orkla India reported revenue of Rs 2,455 crore, a 3% year-on-year increase [9] - The company's EBITDA was Rs 396 crore, reflecting a margin of 16.6%, while profit after tax (PAT) grew 13% year-on-year to Rs 256 crore, resulting in a PAT margin of 10.7% [9] - As of March 2025, Orkla India had a negligible debt level of Rs 2 crore, indicating it is virtually debt-free, with a return on capital employed (ROCE) of 32.7% and return on net worth (RoNW) of 13.8% [10] IPO Details - Orkla India's IPO is valued at Rs 1,667 crore and is set to open for public subscription on October 29, 2025, with a price band between Rs 695 and Rs 730 per share [11] - The offering consists of 2.28 crore equity shares, and the minimum bid size for retail investors is 20 shares, translating to a minimum investment of Rs 14,600 at the upper end of the price band [4][11] - The IPO is a pure Offer for Sale (OFS), meaning all proceeds will go to selling shareholders, primarily the promoter entities, allowing them to partially monetize their holdings while maintaining the company's capital structure [6][11] Market Outlook - Industry experts view the IPO positively, citing factors such as rising urbanization, increasing disposable incomes, and shifting consumer preferences towards branded packaged foods as major growth drivers [10][11] - Orkla India's focus on regional brands, product innovation, and strong distribution network positions it well to capitalize on the long-term expansion of the sector [10]

Core Viewpoint - BETA Technologies is positioning itself as a transformative force in the aviation industry, similar to how Tesla revolutionized the automotive sector, and is considering an initial public offering (IPO) [1] Company Overview - BETA Technologies is a startup focused on innovating within the aviation space, aiming to disrupt traditional practices and technologies [1] Market Position - The company is drawing comparisons to Tesla, indicating a strong ambition to lead in its industry and potentially attract significant investor interest [1]

Company Overview - Orkla India is launching an initial public offering (IPO) of 2.28 crore equity shares, totaling Rs 1,667.54 crore, with no fresh capital being raised, as proceeds will go entirely to selling shareholders, mainly Orkla ASA and its affiliates [6][12] - The IPO is priced in the range of Rs 695–730 per share, requiring a minimum investment of Rs 14,600 for retail investors [6][12] - The shares are expected to be listed on both NSE and BSE on November 6, 2025 [2][12] Business Snapshot - Orkla India owns well-known consumer brands such as MTR Foods, Eastern Condiments, and Rasoi Magic, making it a significant player in the Indian packaged foods market [7][12] - The company operates nine manufacturing facilities in India and utilizes contract manufacturing in the UAE, Thailand, and Malaysia, selling over 2.3 million units daily across 28 states and 6 union territories, with exports to 42 countries [7][8][12] - Orkla is a category leader in southern India and is expanding its presence nationally, supported by a distribution network of 834 distributors and 1,888 sub-distributors [8][12] Financial Highlights - For FY25, Orkla India reported revenue of Rs 2,455 crore, a 3% year-on-year increase, with profit after tax (PAT) rising 13% YoY to Rs 256 crore [9][12] - The company's EBITDA was Rs 396 crore, reflecting healthy margins of 16.6%, and the PAT margin stood at 10.7%, indicating strong operational efficiency [9][12] Debt and Valuation - As of March 2025, Orkla India had negligible debt of Rs 2 crore, making it virtually debt-free, with a return on capital employed (ROCE) of 32.7% and return on net worth (RoNW) of 13.8% [10][12] - At the top end of the price band, the IPO values Orkla India at a post-issue P/E of 31.7x and a market capitalization of around Rs 10,000 crore, comparable to FMCG peers like Marico and Tata Consumer [11][12] Growth Drivers - Analysts highlight significant long-term potential for Orkla India as demand for packaged foods in India grows, driven by urbanization and convenience-oriented lifestyles [11][12] - The company's focus on value-added regional brands and category innovation is expected to support sustained growth in the coming years [11][12]