IPO Watch

Shareholders of PRISM, the parent entity of hospitality major OYO, have approved plans to raise Rs 6,650 crore through an initial public offering, marking a pivotal step in the company’s long-awaited public market debut. The approval underscores renewed confidence in PRISM’s restructuring efforts, improving financial discipline, and long-term growth strategy. The proposed IPO is expected to strengthen the balance sheet, reduce debt, and provide liquidity to early investors.

Gujarat Kidney Institute’s initial public offering (IPO) witnessed strong investor interest on its debut day, achieving a subscription rate of 1.47 times. The response reflects robust demand for healthcare-focused listings amid increasing investor appetite for specialty hospitals and diagnostic services. Analysts attribute the oversubscription to the company’s established track record in kidney care, growth prospects in India’s healthcare sector, and the rising prevalence of chronic kidney diseases.

India’s primary market gathered fresh momentum after the Securities and Exchange Board of India granted approval to three companies—Dhariwal, ESDS Software Solution and BLS—for their proposed initial public offerings. The regulatory clearance underscores sustained confidence in India’s capital-raising environment amid steady economic growth and healthy investor participation. The companies span diverse sectors, reflecting the broad-based nature of the current IPO pipeline.

The primary market has emerged as one of the defining success stories of 2025, with initial public offerings (IPOs) delivering record-breaking fundraising and renewed confidence among issuers and investors alike. Strong macroeconomic stability, robust corporate earnings and deepening domestic liquidity have combined to create an environment conducive to public listings. From established conglomerates to fast-growing technology and consumer-focused firms, companies are increasingly tapping equity markets to fund expansion and deleverage balance sheets.

Crystal Crop Protection, a leading player in the agrochemical sector, has filed for an initial public offering (IPO) worth Rs. 600 crore. The capital raise aims to fund capacity expansion, research and development, and debt repayment, positioning the company for accelerated growth in India’s crop protection and agricultural inputs market. Analysts note that the IPO reflects investor appetite for agritech and agri-input firms amid rising demand for high-quality pesticides, herbicides, and specialty chemicals.

Dachepalli Publishers has launched its initial public offering after securing Rs. 11.4 crore from anchor investors, offering an early signal of institutional interest ahead of the public issue. The anchor allotment comes at a time when primary markets remain selective, with investors favoring smaller companies that demonstrate clear business visibility and prudent use of capital. The IPO is aimed at strengthening the company’s financial position and supporting future growth initiatives.

Shyam Dhani Services Ltd. has opened its initial public offering after raising Rs. 10.9 crore from anchor investors, signaling early institutional confidence in the issue. The IPO aims to support the company’s growth plans and strengthen its capital base, even as primary market activity remains selective. The anchor allotment provides a measure of stability ahead of the public offering, which is targeted largely at retail and non-institutional investors.

EPW India has opened its initial public offering after securing Rs. 9 crore from anchor investors, signaling early institutional interest in the issue. The anchor allocation, completed ahead of the public subscription, provides a preliminary assessment of investor confidence in the company’s business fundamentals and growth outlook. As the IPO market remains selective, such participation is viewed as an important credibility marker. The proceeds from the issue are expected to support expansion plans, strengthen operational capacity, and improve balance-sheet resilience.

Gujarat Kidney Research & Education Institute has raised Rs. 100 crore from anchor investors ahead of its initial public offering, signaling strong institutional interest in the healthcare services segment. The anchor allocation, completed prior to the opening of the public issue, provides early validation of the company’s business model and growth prospects. Market participants view the development as a positive indicator for the IPO, particularly at a time when investor appetite for fundamentally driven healthcare assets remains selective.

The allotment status for the ICICI Prudential Asset Management Company initial public offering has been made available online, bringing long-awaited clarity to investors who subscribed to the issue. The update marks a crucial procedural step following the close of the IPO, which drew widespread interest across investor categories. Applicants can now verify whether shares have been allocated to them through official digital platforms.