IPOs Steal The Show

Author

Sean Horgan
May 05, 2025

TLDR

  1. Urban Company Files for ₹1,900 Crore IPO

  2. Oyo Delays IPO Amid SoftBank Opposition and Market Volatility

  3. Indian IPO Market Demonstrates Resilience

  4. Market Capitalization of Top Firms Surges

  5. Ather Energy IPO Sees Muted Response

MARKETS

Market Snapshot

Source: CNBC

TOP STORIES

Urban Company Files for ₹1,900 Crore IPO

  • Urban Company, a Tiger Global-backed startup offering beauty and home care services, filed draft papers with SEBI for a ₹1,900 crore IPO.

  • The offering includes ₹429 crore in fresh shares and ₹1,471 crore via an offer-for-sale (OFS) by investors like Accel India and Bessemer India.

  • Funds will support tech development, office leases, and marketing. The filing comes amid market volatility, with Urban Company reporting profitability in the nine months ending December 2024.

TOP STORIES

Oyo Delays IPO Amid SoftBank Opposition and Market Volatility

  • Oyo Hotels postponed its third attempt at an initial public offering (IPO), originally planned for October, due to objections from its largest shareholder, SoftBank, and turbulent market conditions.

  • SoftBank pushed for stronger earnings before listing, with Oyo now aiming for a March 2026 IPO at a $7 billion valuation.

  • This reflects broader market challenges, including U.S. President Donald Trump’s tariff policies impacting investor risk appetite.

TOP STORIES

Indian IPO Market Demonstrates Resilience

  • Despite a 20% decline in IPO deal count in Q1 2025, India’s IPO market raised $2.8 billion, capturing a 22% share of global listings.

  • Hexaware Technologies’ $1 billion IPO was the largest, highlighting demand for tech offerings.

  • Growing retail investor participation and favorable economic indicators bolstered confidence, though global uncertainties and a 1.1% Sensex dip tempered activity.

TOP STORIES

Market Capitalization of Top Firms Surges

  • Seven of India’s top 10 companies saw their combined market capitalization jump by ₹2.31 lakh crore last week.

  • Reliance Industries led gains, followed by HDFC Bank, with the BSE Sensex rising 259 points to 80,501 on Friday.

  • This recovery signals improving investor confidence amid volatile conditions.

TOP STORIES

Ather Energy IPO Sees Muted Response

  • Ather Energy, a Bengaluru-based electric two-wheeler (E2W) manufacturer, concluded its ₹2,981 crore IPO with a subscription of 1.43 times, driven by retail investors (1.78 times) and qualified institutional buyers (1.70 times). However, non-institutional investors subscribed only 0.66 times, reflecting valuation concerns.

  • The IPO, priced at ₹304–321 per share, was downsized by 44% from earlier targets due to market volatility.

  • Ather plans to use proceeds for a new Maharashtra factory, debt repayment, R&D, and marketing. The grey market premium (GMP) remained weak at ₹1–3, with shares set to list on May 6, 2025.

  • Analysts recommend it for long-term, high-risk investors due to Ather’s growth potential despite current losses.

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