Pushp Brand plans Rs 1,000 crore IPO filing by end of May

Spices manufacturer Pushp Brand is preparing to file draft papers for an initial public offering of more than Rs 1,000 crore. The Indore-based company known for its Pushp Masale brand intends a mix of fresh shares and an offer for sale. ICICI Securities and IIFL Capital Services are set to handle the issue.

The company is reportedly readying its draft red herring prospectus for submission before the end of May. This move would mark the firm's entry into public markets with a sizable fundraising target exceeding Rs 1,000 crore.

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Kusumgar is preparing a ₹650 crore offer for sale in its initial public offering. The move will lower the promoter holding to 75.4 percent. The engineered fabrics maker reports strong profit margins relative to listed competitors.

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Reliance Jio Infocomm is preparing to submit draft papers for its anticipated 4 billion dollar IPO in India within days. The filing is expected just before Mukesh Ambani's annual address to Reliance Industries shareholders on Friday.

SBI Funds Management has set its initial public offering price band at ₹545 to ₹574 per share. The public issue, structured as an offer for sale, opens for subscription on July 14. The pricing comes at a notable discount to the company's unlisted market value.

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Mukesh Ambani's Reliance Group could soon rank among India's largest companies by market value following the Jio Platforms IPO. The move is expected to give the group nearly 7% of BSE's total market capitalization.

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