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The initial share sale will be open for public subscription during May 8-10 and the bidding for anchor investors will open for a day on May 7, the company said in a statement.

India witnessed a record Rs 1.6 lakh crore raised through 90 IPOs in 2024, driven by robust economic growth and favorable market conditions. Hyundai Motor India's IPO led the charge, raising Rs 27,870 crore. Experts predict 2025 could surpass this record, with a potential Rs 2.5 lakh crore raised from upcoming IPOs, including HDB Financial Services and LG Electronics India.

Billionaire Gautam Adani-led promoter group has increased stake in two of the group's listed companies. This is the second time in less than a month that the promoters have raised stake in the flagship firm that incubates new businesses. The promoter group has also increased stake in Adani Ports and Special Economic Zone Ltd.

Indian CXO salaries are catching up to US counterparts. Multinationals and GCCs are giving higher pay and stock options. This rise is due to increased responsibilities and India's growing importance. The '2 in a box' model promotes collaboration. India's cost-effectiveness and skilled workforce contribute to this trend.

Indian listed companies saw a 6% revenue growth in FY24, but profits (EBIDTA and PAT) surged by 28% and 32%, respectively. Employee expenses moderated to 13% growth, down from 17% in FY23, indicating cost optimization efforts. Companies maintained a steady 22% EBIDTA margin over the past four years, demonstrating effective cost management strategies.