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 IPOs List: Capital market regulator SEBI has approved IPOs of six companies. Shares of all the six companies will list on the BSE  and the NSE.

The six companies are: SAEL Industries, Vishvaraj Environment, Symbiotec Pharmalab, Prasol Chemicals, NoPaperForms Solutions and Shah Investor's Home.

All the six companies will together raise around Rs 10,000 crore.

SAEL Industries IPO

SAEL Industries will raise Rs 4,575 crore via IPO. SAEL Industries IPO will be a combination of a fresh issue of Rs 3,750 crore and an OFS of Rs 825 crore. Under the OFS, Norfund will offload its sake.

Vishvaraj Environment IPO

Vishvaraj Environment has plans to raise Rs 2,250 crore via IPO. Vishvaraj Environment IPO will also be a combination of fresh issue of Rs 1,250 crore and an OFS of Rs 1,000 crore. Under the OFS, promoter Premier Financial Services will cut the stake.

Symbiotec Pharmalab IPO

Symbiotec Pharmalab said that it will raise Rs 2,180 crore through IPO. Symbiotec Pharmalab IPO will have a fresh issue of Rs 150 crore. Symbiotec Pharmalab IPO will also have an OFS of Rs 2,030 crore.

Prasol Chemicals IPO

Prasol Chemicals will also raise funds via IPO. Prasol Chemicals said that it will raise Rs 500 crore through IPO. Prasol Chemicals IPO will have a fresh issue of Rs 80 crore. Besides, Prasol Chemicals IPO will have an OFS of Rs 420 crore.

NoPaperForms IPO

NoPaperForms has also secured SEBI approval to launch IPO. NoPaperForms has filed IPO papers through the confidential route.

Shah Investor's Home IPO

Shah Investor's Home IPO will be launched very soon. Shah Investor's IPO will have a fresh issue of 54 lakh equity shares.

In another development, Jindal Supreme India has decided to withdraw its IPO plan.