SEBI has approved the IPO plans of BlueStone and Aye Finance amid global market turmoil.
BlueStone's IPO includes a fresh issue of INR 1,000 Cr shares and an OFS component, while Aye Finance's offer consists of a fresh issue of INR 885 Cr.
BlueStone saw a 64% YoY revenue growth in FY24, with narrowed losses, while Aye Finance's net profit surged 37% YoY in the first six months of FY25.
SEBI approval comes at a challenging time for stock markets with Indian indices down 10% since December.
Macro headwinds may lead companies to delay filing their RHPs, reflecting caution seen in Ather Energy's case.
Ola Electric clarified February sales data controversy, Neo Group marked first close of Fund II at INR 2,000 Cr, and Scripbox eyes $20 Mn fundraise.
Jio Finance diversifies loan offerings, Q-Comm players under CCI scanner, Eloelo and Eat Better secure fundings, while Hypergro automates video ad creation with AI.
Hypergro, eyeing a $3 Mn revenue target by FY26, aims to leverage AI to make a global impact in the hyper-personalised video ads space.