Today, India has more than 1,300 listed SMEs. Yet, one critical ingredient is still missing. A steady, predictable and affordable supply of finance. For small businesses to truly scale, credit cannot arrive in bursts during crises. It has to be available consistently, across cycles, and at a cost that allows enterprises to grow rather than merely stay afloat.
Insurtech firm Turtlemint Fintech Solutions Ltd is set to file its updated draft papers with markets regulator Sebi in the next two weeks as it prepares to launch its Rs 2,000-crore initial public offering (IPO) anywhere between March and April, people familiar with the development said on Tuesday.
Adani Enterprises Limited's Rs 1,000 crore non-convertible debenture issue was a huge success. It was fully subscribed in under an hour. Investors showed strong confidence. The funds will be used to repay debt and for general corporate purposes. Adani Enterprises continues to expand its infrastructure projects across India.
India’s new-age IPO pipeline for 2026 is already taking shape, with a crowded slate of consumer internet and tech companies lining up for the public markets. PhonePe, Zepto, Oyo, Boat, Infra.Market, Shadowfax and others are collectively targeting close to Rs 50,000 cr through a mix of fresh issues and secondary sales.
Sebi has approved IPOs for eight companies, including Indira IVF and Chartered Speed. Chartered Speed plans a ₹855 crore issue, while RKCPL aims for ₹1,250 crore. Several companies, like Indira IVF and Rays of Belief, utilized confidential filings for their IPOs.
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