Mumbai
Theparent company of global travel-tech unicorn OYO, Prism, is aiming to launch its Rs 6,650-crore initial public offering (IPO) in the current fiscal, according to its founder Ritesh Agarwal. “Hopefully, we will launch the IPO in the current financial year itself. We will see the pricing before we launch the IPO,” Ritesh Agarwal, founder and chief executive officer of Prism, told on the sidelines of Global Fintech Fest 2026.
The company had initially filed a draft red herring prospectus (DRHP) through confidential route in December 2025 and submitted an updated draft to the Securities and Exchange Board of India (Sebi) on June 30, 2026. Unlike many IPOs, the proposed issue comprises only a fresh issue of equity shares worth up to Rs 6,650 crore, with no offer-for-sale (OFS) component.
According to the draft prospectus, Rs 4,987.5 crore from the net proceeds will be used to repay or prepay outstanding borrowings, while the remainder will be allocated toward general corporate purposes. Meanwhile, Agarwal said OYO expects strong tourism activity around the upcoming Simhastha Kumbh in Nashik, drawing parallels with the Maha Kumbh in Prayagraj, which he described as one of the biggest such gatherings ever.
“Whether you are Gen Z, Gen Alpha, Millennial or Baby Boomer, everybody was in Prayagraj,” Agarwal said, adding that the company had hosted over 1 lakh guests during the previous Maha Kumbh and expects the upcoming Simhastha Kumbh in Nashik to easily reach a similar level.
He said OYO is preparing for the event by creating new infrastructure and hotels, including four-star properties under its Sunday Hotels brand, in the region. Agarwal said the strong tourism activity in Prayagraj has continued as visitors experienced the calmness of being around the holy Ganges and wanted to return, adding that he expects a similar trend in Nashik.
New Delhi:Injecto Polymers, a polymer-based packaging solutions maker, will launch its SME initial public offering on September 11 to raise Rs 56.12 crore for supporting its growth initiatives. The Kolkata-based company has fixed the price band at Rs 90-100 per share for its IPO, which will conclude on September 16. The anchor book will open on September 10, according to a statement. The company’s shares will list on the BSE SME with a tentative listing date of September 21. The initial public offering (IPO) is entirely a fresh issue of 56.12 lakh shares aggregating to Rs 56.12 crore. Net proceeds worth Rs 30.50 crore will be utilised for the expansion of its existing manufacturing facility in West Bengal. Funds worth Rs 10 crore will also be used for repayment of debt and the remaining balance for general corporate purposes. On the financial front, the company’s revenue from operations rose from Rs 109.79 crore in FY24 to Rs 375.83 crore in FY26.
Jindal Supreme sets price band
New Delhi:Jindal Supreme (India) Ltd, a manufacturer of plastic piping solutions and related products, has fixed a price band of Rs 88-93 per share for its Rs 125 crore upcoming Initial Public Offering (IPO), which is slated to open for public subscription on September 16. At the top end of the price band, the company’s market capitalisation is estimated at Rs 474.52 crore post listing. The three-day public issue will conclude on September 18, while the anchor investor portion will open on September 15, according to a public announcement. The IPO comprises a fresh issue of 1.07 crore equity shares aggregating to nearly Rs 100 crore at the upper end of the price band, along with an Offer For Sale (OFS) of 26.86 lakh shares worth about Rs 25 crore by promoter group entity VVJ Enterprise Private Limited. This takes the total issue to an estimated Rs 124.88 crore. Proceeds from the fresh issue will be used for payment of debt and general corporate purposes. The equity shares of the company are proposed to be listed on both the BSE and NSE on September 23.
Panchatv Bharat’s issue opens today
New Delhi:Denim fabric manufacturer and distributor Panchatv Bharat Ltd has fixed the price at Rs 140 per share for its Rs 24.58 crore initial public offering (IPO), which will open for public subscription on September 10.
The New Delhi-based company is offering 17,56,000 equity shares with a face value of Rs 10 each at an issue price of Rs 140 per share, a statement said on Tuesday.
The SME IPO will close on Tuesday, September 15, 2026, and the equity shares are proposed to be listed on the BSE SME platform, the company said. Mark Corporate Advisors Pvt Ltd is the sole book-running lead manager to the issue.
The company proposes to utilise the net proceeds from the issue to set up a corporate office and warehousing facility in Ahmedabad, meet working capital requirements and general corporate purposes, according to the offer documents.