IPO● Neutral for Indian equities
B2B commerce firm OfBusiness plan IPO next year, DRHP likely in Nov
The brief
- OfBusiness is planning an IPO next year, with a DRHP likely in November
- The issue is targeted for March-April at a valuation of $4.4-5 billion
- Jio Platforms IPO likely by October end at $143-146 billion enterprise valuation
- Reliance Jio IPO Update in October 2026: One Month Away
- India sets September IPO record despite stock-market weakness
- No relook at bourses' self-listing rule for now, says Sebi chief
- India IPO market: $9 billion raised in Sept qtr, over 200 companies in pipeline; Jio, Avaada next