KFin Technologies will handle registrar duties for Aye Finance and Bluestone, while Link Intime India will serve as registrar for GK Energy
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The Securities and Exchange Board of India (SEBI) has granted final observation for the initial public offerings (IPOs) of four companies: Aye Finance, Bluestone Jewellery and Lifestyle, GK Energy, and Anthem Biosciences.
Gurugram-based Aye Finance, an NBFC focused on micro-scale MSME loans, plans to raise ₹1,450 crore through its IPO. The offering comprises a fresh issue of ₹885 crore and an offer for sale of ₹565 crore. The company filed its IPO papers with SEBI on December 16, 2024, with Axis Capital, IIFL Capital Services, JM Financial, and Nuvama Wealth Management as lead managers.
Bengaluru-based Bluestone Jewellery and Lifestyle received approval for its IPO, which includes a fresh issue of ₹1,000 crore and an offer for sale of nearly 2.4 crore equity shares. The contemporary jewellery retailer filed its IPO papers on December 11, 2024, appointing Axis Capital, IIFL Capital Services, and Kotak Mahindra Capital Company as lead managers.
GK Energy Ltd, an EPC provider specialising in solar-powered agricultural water pump systems, has secured SEBI approval for its IPO, comprising a fresh issue of ₹500 crore and an offer for sale of 84 lakh equity shares. The company submitted its IPO papers on December 13, 2024, with IIFL Capital Services and HDFC Bank serving as lead managers.
Bengaluru-based Anthem Biosciences, a contract research, development and manufacturing organisation (CRDMO), plans to raise ₹3,395 crore solely through an offer-for-sale by existing shareholders, including promoters Ganesh Sambasivam and K Ravindra Chandrappa, and investors Viridity Tone LLP and Portsmouth Technologies LLC. The company, which competes with Syngene International and Divis Laboratories, filed its IPO papers on December 31, 2024, appointing JM Financial, Citigroup, JP Morgan, and Nomura as merchant bankers.
All four companies plan to list their shares with a face value of either ₹1 or ₹2 per equity share. KFin Technologies will handle registrar duties for Aye Finance and Bluestone, while Link Intime India will serve as registrar for GK Energy.
Published on April 8, 2025
