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New Delhi: Eyewear retailer Lenskart has secured approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). As per the sources familiar with the matter,, the company is expected to submit an updated prospectus in the coming weeks and is expected to launch itself on the stock exchanges by mid-November. The public offer is expected to be around between Rs 7,500 crore and Rs 8,000 crore. The IPO is one of the year’s largest IPOs after Tata Capital and LG Electronics. Lenskart IPO Earlier, Lenskart had filed its draft red herring prospectus (DRHP) with SEBI in July 2025, proposing to raise Rs 2,150 crore through a fresh issue of shares. Additionally, its founders Piyush Bansal, Neha Bansal, Sumeet Kapahi, and Amit Chaudhary along with major investors such as SoftBank, Premji Invest, Temasek, Kedaara Capital, and Alpha Wave Global, will offload about 132.3 million shares via an offer-for-sale (OFS). Kotak Mahindra Bank, Morgan...
New Delhi: The initial public offering (IPO) of co-working space operator WeWork India Management Ltd saw a 4 perent subscription on its first day after the public issues is open for subscription on Friday, October 3.. The public issue of We work is of Rs 3000 crore. The issue is set to close on October 7. As per NSE data, bids were placed for 11.1 lakh shares as against the 2.54 crore shares available. The retail investor quota was subscribed 14 pecent, while the segments for qualified institutional buyers (QIBs) and non-institutional investors (NIIs) each saw 2 percent subscription. WeWork IPO allotment and listing The tentative allotment of the shares is expected on Wednesday, October 8, and the tentative listing of the stock on the bourses is expected on Friday, October 10 The IPO is entirely an offer for sale (OFS) of 4.63 crore equity shares. No fresh proceeds will generate and go to the company. Promoters such as 1 Ariel Way Tenant Ltd (part of WeWork Global) and Embassy...
New Delhi: SEBI on Tuesday, September 30, has released the findings of its 'Investor Survey 2025 '. The srurvey has revealed the true picture of India 's investment climate. The study was commissioned by the SEBI along with other market insitutional investors such as National Stock Exchange (NSE), BSE Ltd., National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL). The survey covered approximately 90,000 households across 400 cities and 1,000 villages in the country. This is the largest investment survey of its kind, gathering in-depth information not only about investors but also about those interested in investing or those who have not yet started investing. Investor Survey 2025 findings The survey revealed that approximately 63 percent of Indian households (213 million) are aware of at least one securities market product, such as mutual funds, ETFs, shares, F&O, REITs/InvITs, bonds, and AIFs. However, only 9.5 percent of Indian...
New Delhi: The salary of India 's blue and grey collar workforce have increased by 23 percent over the past two years, reflecting the growing demand and oppurtunities for the skilled workforce said a report on Tuesday, September 30. The report is the product of the findings of WorkIndia Salary Report 2025 that conducted a survey of 1.93 lakh job seekers between 2023 and August 2025. However, the report highlights some uneven growing trends too as male workers saw faster salary increases at 9 percent, compared to 6 percent for women, indicating persistent gender pay gaps. "The 23 per cent salary growth over the past two years shows that opportunities for India 's blue- and grey-collar workforce are expanding rapidly. Yet persistent gender gaps, industry inequalities, and wage volatility remind us that there 's still work to be done," said Nilesh Dungarwal, WorkIndia co-founder and CEO as quoted by PTI. Non Metro cities have been an outlier when it comes to average rise...
New Delhi: Ardee Industries has submitted the draft papers with the market regulator Securities and Exchange Board of India (SEBI) for its Initial Public Offer (IPO) . The public offerijng includes a fresh equity issue worth Rs 320 crore and an Offer for Sale (OFS) of 3.76 crore equity shares by promoters, as per the Draft Red Herring Prospectus (DRHP) filed on Sunday, September 28. Ardee Industries IPO The company plans to utilise net proceeds from the fresh issue by allocating worth Rs 220 crore to meet incremental working capital needs. Additionally, Rs 22 crore will be earmarked for the use of debt repayment. The remaining proceeds will go towards general corporate expenses and purposes. Ardee Industries is a key player in the circular economy focusing on environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap.The company reclaims critical resources from waste streams and supplies materials to essential industries. The...
New Delhi: The Reserve Bank of India (RBI) has introduced new rules requiring banks to settle claims related to deceased customers’ accounts and lockers within 15 days, with an additional provision of compensation in the event of delays. The guidelines that are set to be effective from March 31, 2026, are aimed at improving efficiency, transparency, and customer service in handling such sensitive cases. Scope of the Rules The new rules apply to claims related to deposit accounts, safe deposit lockers, and bank safes. Where nomination or survivorship clauses exist, the bank must release the outstanding amount directly to the nominee or survivor, treating it as a full discharge of liability. For smaller claims that are up to Rs 5 lakh in cooperative banks and Rs 15 lakh in other large scheduled banks, a simplified procedure will apply. In order to facilitate larger claims, banks may still require legal documents such as succession certificates from the deceased families. Locker and...
New Delhi: Reliance Consumer Products, a wholly owned subsidiary of Reliance Industries Limited, and three bottlers of Coca Cola annonced investment worth over Rs 65000 crore in India 's bourgeoning food processing sector. The investment to set up facilities was annonuned on the very first day of the World Food India Summit that which is being organised from September 25-28 in the national capital. The government of India assigned food processing sector as sunrise sector and introduced several schemes like Pradhan Mantri Kisan Sampada Yojana (PMKSY), Pradhan Mantri Formalisation of Food Processing Enterprises (PM-FME) Food Processing Fund to uplift the sector and increase its contribution to the overall GDP of India. RCPL commits to invest in food processing Out of Rs 65000 crore investment, Reliance Industries Limited 's subsidiary, standalone, has signed a Rs 40,000 crore memorandum of understanding (MoU) with the Ministry of Food Processing Industries to set up...
New Delhi: The latest GST reforms are at the center of making cheaper essentials, stronger markets, and new growth avenues for Delhi’s businesses. The GST rate cut aimed at cutting and rationalising rates across a spectrum of goods and services, while simultaneosly aiming to reduce household expenses while stimulating wider economic activity and national growth. Push for Automotive Markets Reaping the benefits of latest tax cuts is Delhi which is a leading hub for automotive components trading and home to bustling markets like Karol Bagh and Kashmere Gate. These MSME-driven, family-run networks cater not only to the city’s vast vehicle base but also supply parts across North India and export goods worth nearly Rs 1,000 crore a month to Bangladesh. The reduction of GST on auto parts from 28 percent to 18 percent is expected to lower vehicle maintenance costs for consumers and mechanics by around 7.8 percent. GST cuts to push tourism in Delhi As the national capital and a key...
New Delhi: Silver has taken investors by surprise in 2025, with domestic prices skyrocketing to Rs 1,34,089 per kilogram, recording a 56 percent year-on-year rise, marking the fastest return in the past decade. Internationally too, prices have touched nearly USD 44 per ounce, signifying that the rally is observed across the world order. What is the current value of 1 kg of silver? Silver has decisively outperformed gold this year. While gold climbed 49 percent to Rs 1,13,129 per 10 grams, silver’s gains were even sharper. The last comparable rally was in 2020, when silver prices had jumped 44 percent year-on-year to Rs 67,383 per /kg, against gold’s 27.9 percent rise. Analysts attribute silver’s momentum to surging industrial demand, particularly from renewable energy, electronic equipment, and electric vehicles. In 2024, the standalone share of industrial demand for silver stands at 680.5 million ounces, while total demand rose to 1,164.1 million ounces. With total supply at...
New Delhi: The primary market (IPO) is set to witness fresh activity with two companies namely Purple Style Labs, the parent firm of luxury fashion platform Pernia’s Pop-Up Shop, and Medicap Healthcare Ltd are set to file draft papers with the market regulator Securities and Exchange Board of India (SEBI) to raise a combined Rs 900 crore through initial public offerings. Purple Style IPO Purple Style Labs has proposed to raise Rs 600 crore via a fresh issue of equity shares. The public offer is without the OFS component as per the Draft Red Herring Prospectus (DRHP) the company filed on Monday, September 22. Additionally, the company is also eyeing a Rs 130 crore pre IPO placement. Post the succesful pre IPO planning the size of the fresh issue is set to be reduced. The company intends to use Rs 363.3 crore from the IPO proceeds to invest in its wholly-owned subsidiary, PSL Retail, for lease liabilities tied to experience centres and back-end offices in India. A further Rs 128 crore...
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