pre-IPO funding

  • News | Finance | India

    GK Energy raises Rs 100 crore in pre-IPO funding

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    GK Energy Ltd, a solar-powered agricultural water pump systems provider, has raised Rs 100 crore in a pre-initial public offering (IPO) funding round. The investment came from Valuequest, 360 One (formerly IIFL Wealth), and Kotak AIF, among others. According to the company’s notice, 65.36 lakh equity shares were allotted at Rs 153 each through a private placement, representing 3.70 per cent of its pre-offer equity capital. Of this, Valuequest India G.I.F.T. Fund invested Rs 35…

  • India | News

    CleanMax raises Rs 400 crore in pre-IPO round

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    CleanMax has secured Rs 400 crore in pre-IPO funding from 360 One Asset Management. The capital will support promoter stake consolidation ahead of the company’s planned public listing. The stake was acquired from Augment Infrastructure and the Danish Investment Fund. The funding is structured as a three-year instrument at 13 per cent interest, with repayment expected through IPO proceeds. A portion will also be used to reduce existing debt. The company is likely to file…