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The Latest Breaking News from OFS

Up to 152X return! Rentomojo IPO delivers eye-popping gains to Nitish Mittersain, other early backers

Rentomojo’s stock market debut has turned into a major windfall for early investors, with Nazara Technologies founder Nitish Mittersain set to clock a 152X return on his investment based on the IPO’s upper price band. Several other early backers, including Accel India, Madison India and Rajeev Chitrabhanu, are also poised…

The Economic Times

Rentomojo IPO Day 3: GMP at 33%, subscription reaches 4.71 times. Should you subscribe?

Rentomojo IPO entered its final bidding day after being subscribed 4.71 times by Day 2. A 33% grey market premium and SBI Securities’ ‘Subscribe’ rating have boosted investor interest.

The Economic Times

NSE IPO price band for Rs 22,561-crore offer announced! Check key dates, other important details

Retail investors have been allocated 35% of the issue, while 50% has been reserved for eligible institutional bidders (QIBs). The remaining portion will be available to non-institutional investors (NIIs).

The Economic Times

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Rs 7,288 crore IPO confusion as 10 issues available for subscription today. Which one to buy?

The six issues opening on Wednesday are Rentomojo, Asset Reconstruction Co. (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering. Together, they are looking to raise Rs 4,509.68 crore.

The Economic Times

Rentomojo IPO may unlock 152x gain for Nazara Tech founder Nitish Mittersain

Rentomojo, the furniture and appliance rental company, is gearing up for a significant IPO, poised to raise over one thousand crore rupees. Nitish Mittersain stands to gain immensely, potentially realizing a staggering 152-fold return on his investment through the sale of some shares. The firm intends to utilize the proceeds…

The Economic Times

Higher education regulator apologises for imposing £585,000 fine on university

Office for Students made decision to punish University of Sussex last year after claiming it breached free speech regulations

The Guardian - UK

Coal India arm Mahanadi Coalfields files IPO papers, plans OFS of up to 66 cr shares

Mahanadi Coalfields has filed its DRHP for an IPO comprising an OFS of up to 66.18 crore shares by promoter Coal India. The proposed listing will give investors direct exposure to one of India’s largest non-coking coal producers, backed by substantial reserves and established mining infrastructure.

The Economic Times

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Aragen Life Sciences files draft papers with Sebi to raise funds through IPO

Aragen Life Sciences has filed its DRHP with Sebi for an IPO comprising a Rs 800 crore fresh issue and an OFS. Proceeds will fund debt repayment, capacity expansion and equipment purchases. The CRDMO reported strong FY24–FY26 growth, with revenue reaching Rs 2,178 crore and profit Rs 258 crore in…

The Economic Times

Hindustan Copper shares fall 3%, multibagger stock drops 6% in 3 days as OFS concludes. What lies ahead?

Hindustan Copper shares fell around 3%, after the government concluded its Rs 2,982-crore OFS, which was oversubscribed. The company also faces Rs 14.43-lakh fines each from BSE and NSE over board composition compliance. Despite short-term pressure, the stock has delivered strong long-term returns.

The Economic Times

Government mobilises about Rs 3,000 crore from Hindustan Copper OFS

The government successfully raised nearly Rs 3,000 crore from selling Hindustan Copper shares. This offer for sale saw strong participation from retail investors, exceeding expectations. The government exercised its full greenshoe option, selling over 5.8 crore shares. This successful disinvestment adds to the Rs 52,716 crore already collected this fiscal…

The Economic Times

Hindustan Copper OFS oversubscribed on both days, says govt. Here are all the details

Hindustan Copper’s government OFS drew strong institutional demand, with the non-retail portion subscribed 3.41 times on Tuesday. The Centre exercised the full greenshoe option, taking the potential stake sale to 6%, while retail investors can bid on Wednesday at a floor price of Rs 514 per share. The company’s strong…

The Economic Times

Hindustan Copper OFS opens for retail investors. Should you apply in the metals major's offer?

The OFS opened for non-retail investors on August 4, and saw strong participation. It now opens for retail investors today. Investors can participate between 9.15 am and 3.30 pm using the separate OFS window on NSE and BSE. A minimum of 10% of the offer size has been reserved for…

The Economic Times

Hindustan Copper OFS subscribed over 3 times; govt to exercise greenshoe option

Hindustan Copper’s government OFS received strong demand from non-retail investors, with bids reaching 3.41 times the shares offered. The Centre will exercise the greenshoe option, potentially raising the stake sale to 6%, with retail bidding opening August 26.

The Economic Times

Hindustan Zinc shares fall 3% on reports of fresh government stake sale via OFS

Hindustan Zinc shares dropped on Tuesday after expectations of a fresh government stake sale through an OFS resurfaced following the Hindustan Copper stake sale. The government is reportedly considering selling around 1.5% of Hindustan Zinc, which could raise Rs 3,500-4,000 crore. The stock has declined nearly 3% in 2026.

The Economic Times

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The Economic Times

Hindustan Copper shares fall 6% as govt opens OFS at 10% discount

Hindustan Copper share price: The government has announced its intention to divest a 3% holding in Hindustan Copper through an offer for sale, commencing for non-retail investors on August 25, with retail options shortly thereafter. The share floor price is pegged at Rs 514, below the closing value. If the…

The Economic Times

Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount

The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%. The sale offers a discount to market price amid strong quarterly earnings and expansion plans.

The Economic Times

MP Steel files IPO papers; plans Rs 95 crore fresh issue, 23.07 lakh-share OFS

MP Steel Limited has submitted its Draft Red Herring Prospectus (DRHP) to SEBI as it prepares for its initial public offering. The company aims to generate capital via a fresh issuance of shares and an offer for sale. The funds raised will go towards establishing a new billet manufacturing facility,…

The Economic Times

Freedom Oils maker Gemini Edibles & Fats India files DRHP with Sebi for IPO

Gemini Edibles & Fats India, maker of Freedom Oils, filed IPO papers with Sebi for an entirely offer-for-sale issue of up to 4.12 crore shares. Promoters and investors will sell stakes, while the company earns no proceeds. Revenue rose to Rs 12,650 crore in FY26, supported by strong branded oil…

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The Economic Times

Zetwerk’s promoters have pledged nearly a third of their combined stake, IPO prospectus shows

Founders Srinath Ramakkrushnan and Amrit Acharya have pledged 1.85% of the company's equity directly.

The Economic Times

Shiprocket IPO ends day 3 with 99.3x subscription on strong QIB push. Check GMP & other details

Shiprocket’s IPO was subscribed 99.31 times, led by strong institutional demand, with QIBs subscribing 122.8 times. The Rs 1,617.59 crore issue also commands a 38% grey market premium over the upper price band of Rs 97. Analysts have recommended subscribing, citing the company’s growth prospects, scalable model and e-commerce opportunity.

The Economic Times

Milky Mist Dairy Food IPO Day 3: GMP signals to 15% listing upside — Should you subscribe?

Milky Mist IPO GMP: Given the company’s growth prospects and positioning, Anand Rathi has assigned a “Subscribe – Long Term” rating to the IPO, suggesting that investors may consider the issue from a longer-term perspective rather than focusing solely on potential listing gains.

The Economic Times

Molbio Diagnostics IPO Day 3: GMP hints at 17% listing gain, issue booked nearly 5x. Should you participate?

Molbio Diagnostics IPO: Point-of-care molecular diagnostics company Molbio Diagnostics saw strong investor response for its IPO, drawing as many as 70 times bids overall for its Rs 939 crore issue, with QIBs bidding 180 times the shares on offer.

The Economic Times

Shiprocket IPO opens for subscription. Should you apply for Temasek, Eternal-backed issue?

Shiprocket IPO GMP: In the grey market, Shiprocket shares are currently commanding a 31% premium over the upper end of the issue price of Rs 97, signalling expectations of a strong listing gain.

The Economic Times

Tablespace technologies files draft papers with Sebi to raise funds through IPO

Tablespace Technologies has filed its DRHP with SEBI for an IPO comprising a fresh issue of up to ₹800 crore and an OFS. The managed workspace provider plans to repay borrowings, pursue acquisitions and fund corporate needs.

The Economic Times

Sunshine Pictures IPO price band set at ₹342-360; issue opens on August 18

Sunshine Pictures’ IPO opens August 18, 2026, closing August 20. The price band is set at ₹342-360, with a lot size of 41 shares. The company aims to raise ₹282.14 crore to fund working capital and general corporate needs.

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