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SEBI👍BlueStone & Aye Finance IPOs, Ola Electric Answers Back & More

  • 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.

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