by Suman Gupta
Aye Finance, Bluestone Jewellery and Lifestyle and GK Energy has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI) for IPO.
Gurugram-based Aye Finance Limited, a non-banking financial company – middle layer (“NBFC-ML”) focused on providing loans to micro-scale micro, small, and medium enterprises (“MSMEs”) across India, to raise Rs 1,450 crore through an initial public offering (IPO).
The IPO, with a face value of Rs 2 per equity share, combines a fresh issue of up to Rs 885 crore and an offer of sale of up to Rs 565 crore by Corporate and Individual Selling Shareholders. The Company had filed its IPO papers with Sebi on December 16, 2024.
Axis Capital Limited, IIFL Capital Services Limited, JM Financial Limited, and Nuvama Wealth Management Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.
Bengaluru-based BlueStone Jewellery and Lifestyle Limited, which offers contemporary lifestyle diamond, gold, platinum, and studded jewellery under its flagship brand, “BlueStone,” has received nod for raise funds through an initial public offering (IPO).
The IPO with a face value of ₹1 is a mix of fresh issue of shares up to Rs 1,000 crore and an offer for sale of up to 2,39,86,883 equity shares by selling shareholders. The Company had filed its IPO papers with Sebi on December 11, 2024.
Axis Capital Limited, IIFL Capital Services Limited, and Kotak Mahindra Capital Company Limited are the book-running lead managers and KFin Technologies Limited is the registrar of the issue.
GK Energy Limited, a pure play engineering, procurement and commissioning (“EPC”) provider of solar-powered agricultural water pump systems, which comprises direct-to-beneficiary sales and sales to others, has received final observation from the SEBI, to raise funds through an initial public offering (IPO).
The IPO with a face value of ₹2 is a mix of fresh issue of shares up to Rs 500 crore and an offer for sale of up to 84,00,000 equity shares by selling shareholders. The offer includes reservations for subscriptions by eligible employees. The Company had filed its IPO papers with Sebi on December 13, 2024.
IIFL Capital Services Limited, and HDFC Bank Limited, are the book-running lead managers and Link Intime India Private Limited is the registrar of the issue.
