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SEBI clears six IPOs worth ₹12,500 crore
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Economy > SEBI Approves Six IPOs Valued at ₹12,500 Crore
Economy

SEBI Approves Six IPOs Valued at ₹12,500 Crore

September 15, 2025 3 Min Read
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The fund house manages 25 schemes comprising 12 equity schemes, 10 debt schemes, and three hybrid schemes with a quarterly average AUM of ₹1,083.66 billion as of December-end.

The Canara Robeco Asset Management Company is set to conduct a full offer for sale of 4.98 crore equity shares, with Canara Bank diluting 2.59 crore shares and ORIX Corporation Europe NV selling 2.39 crore shares.

Fund Overview

The fund house manages 25 schemes, which consist of 12 equity schemes, 10 debt schemes, and three hybrid schemes, with a quarterly average AUM of ₹1,083.66 billion as of the end of December.

Hero Motors, led by Pankaj Munjal, plans to raise ₹1,200 crore. This includes fresh issuance of shares worth ₹800 crore and an offer-for-sale of shares amounting to ₹400 crore by the promoters. The company supplies auto components to prominent brands such as BMW and Ducati.

Manipal Payment and Identity Solutions, a leading producer of payment and identity cards in the country, has confidentially filed a Draft Red Herring Prospectus (DRHP). This IPO involves both an Offer for Sale (OFS) and fresh share issuance.

Capital Utilization

A significant portion of the raised capital will be allocated toward debt reduction at the promoter entity level. MPISL offers card-based solutions to a diverse range of clients, encompassing major banks, fintech companies, and government bodies. The company manufactures various products—credit, debit, smart cards, and secure identity cards—serving both commercial and institutional needs.

Pine Labs, which filed draft papers on June 25 this year, aims to raise ₹2,600 crore through new share issuance, while its existing shareholders, including investors, will sell 14.78 crore equity shares via offer-for-sale.

This technology firm is focused on digitizing commerce through digital payments and providing issuing solutions for merchants, consumer brands, enterprises, and financial institutions.

Orkla India, the owner of spices and condiments brands such as MTR and Eastern, has an IPO that comprises an offer for sale of 2.28 crore equity shares by the promoter and other shareholders.

Emmvee Photovoltaic Power, one of the top manufacturers of solar PV modules, plans to raise ₹3,000 crore. The company ranks as the second-largest pure-play manufacturer of solar PV modules and solar cells. The company promoters will sell shares worth ₹856 crore while the company will issue fresh shares totaling ₹2,144 crore.

Published on September 15, 2025

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