IPO News, BSPTCL IPO: Bihar State Power Transmission Company Ltd (BSPTCL) is planning to launch an IPO very soon. With this, BSPTCL will become the first state-owned transmission company to list its shares.

BSPTCL said that it has plans to list shares on the National Stock Exchange (NE).

BSPTCL is owned by the Bihar government. The listing will allow public participation in Bihar's growth.

Bihar Energy Secretary Manoj Kumar Singh said that "we are planning to list our transmission company on the stock exchange and have issued an Expression of Interest (EoI) to onboard merchant bankers."

BSPTCL has been consistently profitable for over a decade and "we want the public to also share in this growth journey," Manoj Kumar Singh said.

BSPTCL had reported a total income of Rs 1,968 crore and a profit of Rs 286 crore in FY2025.

BSPTCL IPO size and appointment of merchant bankers will be decided later. Once the merchant bankers are appointed, Kumar Singh said, “they will guide us through the IPO process”.

The merchant bankers will help in making a decision regarding how much money should be raised via IPO, Kumar Singh added. 

BSPTCL will utilise the funds raised via IPO to strengthen the electricity transmission infrastructure.

At present, BSPTCL has an expansion plan in place wherein it will invest Rs 16,194 crore to boost its network capacity.

According to estimates, Bhar's electricity demand will exceed 13,000 MW, driven by rising commercial and industrial activity in the state.

After listing BSPTCL, the Bihar government may consider listing its other power distribution companies in the future – North Bihar Power Distribution Company Limited (NBPDCL) and South Bihar Power Distribution Company Limited (SBPDCL).

IPO News: Rentomojo Ltd is planning to list its shares publicly. Rentomojo has already sought SEBI approval to raise funds via IPO.

Rentomojo said that it has filed draft papers or preliminary papers (DRHP) with SEBI for IPO.

Rentomojo IPO will have both a fresh issue and an OFS component. Rentomojo will raise Rs 150  via the fresh issue.

Under the Rentomojo IPO's OFS, existing shareholders will offload 2,83,99,567 shares.

Rentomojo has said that it will use funds raised via the fresh issue towards reducing debt. It will also use money to lease rentals or licence fees for its warehouses and experience stores, and for general corporate purposes.

Rentomojo is an online rental and subscription platform for home furniture and appliances. Rentomojo was founded by Geetansh Bamania.

Upcoming IPO, IPO News: Vishvaraj Environment Limited has secured capital market regulator Securities and Exchange Board of India (SEBI) approval to go ahead with its IPO plan.

Vishvaraj Environment is a developer of water utility and wastewater management projects. It focused on the recycling of treated sewage water.

Vishvaraj Environment said that it will raise Rs 2,250 crore via IPO.

Vishvaraj Environment IPO comprises a fresh issue of up to Rs 1,250 crore and an offer for sale aggregating up to Rs 1,000 crore. Under the OFS, promoter Premier Financial Services Limited will trim the stake.

Vishvaraj Environment said that it has plans to use funds from the fresh issue to reduce the debt of its subsidiaries. Vishvaraj Environment will use Rs 545 crore towards the debt reduction.

Vishvaraj Environment will also use money to fund three projects to build phase 3 of a UF RO technology based advanced water treatment plant for supply of 300 MLD water,  a 60 MLD STP and 80 MLD Tertiary Treatment RO Plant and a 30 MW (AC) aggregate solar photovoltaic power generating solution under the PM Kusum scheme, besides general corporate purposes.

JM Financial, Axis Capital Limited and DAM Capital Advisors Limited are the Book Running Lead Managers to the issue.