6 IPOs, ₹11K Cr+ Market Buzz: Pine Labs To Hero Motors | 7 Points

Mumbai

📈 ₹11000+ Crore IPO Wave: SEBI Clears Pine Labs, Hero Motors, Emmvee, Orkla India & More

Key Highlights

1. SEBI Approvals (September 2025)

   • Securities and Exchange Board of India (SEBI) has cleared IPOs of 6 major companies:

     • Pine Labs

     • Hero Motors

     • Emmvee Photovoltaic Power

     • Orkla India

     • Canara Robeco Asset Management Co.

     • Manipal Payment & Identity Solutions (MPISL – via confidential DRHP route)

   • Observation letters were issued between September 2–12, 2025, giving each company a one-year window to launch their IPO.

2. Pine Labs IPO

   • Fundraising Target: ₹2,600 crore via fresh issue.

   • Offer for Sale (OFS): 14.78 crore shares by existing investors including Peak XV, Actis, PayPal, Mastercard Asia/Pacific, Madison India, Lone Cascade, AIM Investment Funds, MW XO Digital Finance.

   • Business Focus: Fintech unicorn specializing in digital payments, merchant solutions & commerce digitization.

   • Draft filed: June 25, 2025.

3. Hero Motors IPO

   • Total IPO Size: ₹1,200 crore.

     • Fresh issue: ₹800 crore.

     • OFS by promoters: ₹400 crore.

   • Leadership: Pankaj Munjal-led company.

   • Clients: Serves premium automakers like BMW & Ducati.

   • Draft filed: June 30, 2025.

4. Emmvee Photovoltaic Power IPO

   • Total Fundraising: ₹3,000 crore.

     • Fresh issue: ₹2,143.9 crore.

     • OFS: ₹856.1 crore by promoters Manjunatha Donthi Venkatarathnaiah & Shubha Donthi.

   • Industry Rank: India’s 2nd largest pure-play solar PV module & solar cell manufacturer.

   • Draft filed: July 6, 2025.

5. Orkla India IPO

   • IPO Structure: Entirely OFS of 2.28 crore equity shares.

   • Brands Owned: MTR, Eastern Condiments.

   • Draft filed: June 10, 2025.

6. Canara Robeco Asset Management Co. IPO

   • IPO Structure: Entirely OFS of 4.98 crore shares.

   • Promoters Selling: Canara Bank (PSU) & ORIX Corporation Europe NV (foreign promoter).

   • Legacy: India’s 2nd oldest AMC.

   • Draft filed: April 24, 2025.

7. Manipal Payment & Identity Solutions (MPISL) IPO

   • Proposed Fundraising: Around ₹1,200 crore.

   • Valuation: ~₹12,000 crore.

   • Industry Position: India’s largest manufacturer of payment & identity cards.

   • Confidential DRHP filed: September 2, 2025.

💰 Total IPO Pipeline Value (Approved by SEBI – 2025)

• Pine Labs: ₹2,600 crore

• Hero Motors: ₹1,200 crore

• Emmvee Photovoltaic Power: ₹3,000 crore

• Orkla India: (value undisclosed, but 2.28 crore OFS shares)

• Canara Robeco AMC: (value undisclosed, but 4.98 crore OFS shares)

• MPISL: ₹1,200 crore

👉 Combined visible IPO fundraising: ₹8,000 crore+ (excluding OFS valuations of Orkla & Canara Robeco)

📊 Comparative Snapshot

1. Biggest Fundraiser: Emmvee Photovoltaic Power (₹3,000 crore).

2. Strongest Fintech Play: Pine Labs (₹2,600 crore + big OFS participation by global investors).

3. Auto Industry Play: Hero Motors (₹1,200 crore) riding on BMW & Ducati supply chain.

4. Consumer Brand Play: Orkla India leveraging MTR & Eastern.

5. Financial Services Play: Canara Robeco AMC (legacy brand in Indian mutual fund space).

6. Payments & Identity Tech: MPISL (₹1,200 crore; valued at ₹12,000 crore).

⚠️ Disclaimer (For The Profit India)

This article is for informational purposes only and should not be considered as investment advice. IPO investments are subject to market risks. Readers are advised to consult their financial advisors before making investment decisions. The Profit India does not endorse or recommend any of the IPOs mentioned above.