IPOs

1 article · 10 insights

Brewed Up Insights

SEBI proposes major changes in SME IPO rules

SEBI's plan halves the minimum SME IPO bid to ₹1 lakh, drops market making and widens who must list as an SME. Its one tougher rule would have stopped 7 of 122 IPOs in 2026.

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Brewed Up Insights

Jio Platforms' IPO price is 2.3x what Meta and Google paid

Jio Platforms' top IPO price of ₹1,119 is 2.3x what Meta and Google paid in 2020. All the money goes to the company, and 91% of it prepays loans.

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Brewed Up Insights

Zetwerk's IPO is cheaper than its last private rounds

Zetwerk's IPO price of ₹151 is about 13% below its latest private rounds, yet early investors still make up to 38x, and most of the new money repays loans.

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Brewed Up Insights

SoftBank's AceVector bet lost 92% of its value on IPO

AceVector's IPO paid every seller ₹32 a share. SoftBank's Starfish had paid ₹382.40, so it got back just 8%; an early investor got 5.4 times his cost.

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Brewed Up Insights

How a market maker ended up with 89% of S.K. Offset's IPO

SMC's subsidiary was S.K. Offset's biggest anchor investor, SMC was its market maker, and SMC bought 97% of the shares traded on listing day.

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Brewed Up Insights

RBI fines Hero FinCorp 6 days before IPO approval lapses

The RBI fined Hero FinCorp ₹10 lakh for charging some borrowers too much interest. The fine is small. The deadline for its IPO, 30 September, is the bigger problem.

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The Macro Brew

Dissecting ₹1.13 lakh crore of IPO money

228 IPOs came to market in India this year and raised ₹112,941 crore. More than half of it never reached a company.

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Brewed Up Insights

India's IPO year so far: 228 listings, ₹1.13 lakh crore

228 IPOs raised ₹1,12,941 crore between 1 January and 21 September 2026. 78% of the money came in the last 3 months, and finance alone took a third of it.

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Brewed Up Insights

Kamarajar Port’s IPO helps repay the loan that bought it

Kamarajar Port's ₹1,200 crore IPO is a pure sale by Chennai Port, which borrowed 74.5% of the price when it bought the port from the Centre in 2020.

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Brewed Up Insights

Four questions to ask of ARCIL after its 20x IPO

ARCIL's IPO was subscribed 20.1x but raised nothing for the company. Recovery, book age, cash profit and its own stake are what to check.

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Brewed Up Insights

Infra.Market uses Shalimar Paints, 36 times smaller, to list

Infra.Market is skipping its ₹5,000 crore IPO and reaching the market through Shalimar Paints, a listed company about 36 times smaller than itself.

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