Author: Legal Parivar

Haryana-based helmet manufacturer Studds Accessories is set to launch its initial public offering (IPO) on October 30, marking the third mainboard IPO next week alongside Orkla India and Lenskart Solutions. The IPO will be an entirely offer-for-sale of 77.86 lakh shares by promoters and other existing shareholders. As a result, all proceeds from the IPO will go to the selling shareholders, and the company will not receive any funds from the issue. The anchor book will open for one day on October 29, while the public subscription will run until November 3. The IPO share allotment is expected to be…

The Indian Space Research Organisation (ISRO) announced on Sunday that its LVM3 launch vehicle is set to carry the CMS-03 communication satellite into orbit on November 2, 2025, from the Satish Dhawan Space Centre, Sriharikota. In a statement, ISRO said, “India’s LVM3 launch vehicle will undertake its fifth operational flight (LVM3-M5) to deploy the CMS-03 satellite.” The satellite is a multi-band communication system designed to provide services across a wide oceanic region, including the Indian mainland. Weighing approximately 4,400 kg, CMS-03 will be the heaviest communication satellite launched to a Geosynchronous Transfer Orbit (GTO) from India. ISRO highlighted that the…

After a relatively quiet spell, the Indian primary market is set to see renewed activity this week, with five new initial public offerings (IPOs) opening for subscription from October 27. Key IPOs This Week Market Context October has already witnessed 10 IPOs, including seven mainboard listings raising ₹35,791 crore, with notable names such as Tata Capital (₹15,512 crore) and LG Electronics (₹11,607 crore). With these five upcoming IPOs, total fundraising for October is expected to cross ₹45,000 crore through 15 listings. The new wave of IPOs reflects strong investor appetite and a continued momentum in India’s primary market, particularly in…

India’s market regulator, the Securities and Exchange Board of India (SEBI), has clarified that mutual funds are not allowed to invest in companies before they are officially listed, according to sources cited by Reuters. Certain fund houses had approached SEBI seeking clarification on whether pre-IPO placements—private sales of shares to select investors prior to a company’s official listing—qualify as eligible investments. SEBI stated that mutual fund investments are permitted only during the official IPO process, including large early-stage anchor placements. Mutual funds are not permitted to hold unlisted shares, SEBI communicated to fund managers. Pre-IPO placements are typically reserved for…

US Secretary of State Marco Rubio has clarified that Washington’s efforts to expand its strategic relationship with Pakistan will not come at the expense of its longstanding ties with India. Speaking to reporters on Saturday while traveling to the ASEAN summit in Malaysia alongside President Donald Trump, Rubio described the approach as part of a “mature, pragmatic foreign policy”, noting that India maintains relationships with countries the US does not, and vice versa. “I don’t think anything we’re doing with Pakistan comes at the expense of our relationship or friendship with India, which is deep, historic, and important,” Rubio said,…

The Election Commission of India (EC) is set to hold a press conference on Monday, October 27, 2025, at 4:15 PM at Vigyan Bhawan, New Delhi, to announce a Special Intensive Revision (SIR) of voters’ lists across India. Officials confirmed that the exercise will cover a nationwide cleanup of electoral rolls, including removal of ineligible entries and updates to existing voter information. Phase One of Pan-India SIR In the first phase, the SIR will be conducted in 10 to 15 states, with priority given to states scheduled for Assembly elections in 2026. These include: The EC will defer the SIR…

The due diligence (DD) phase is the make-or-break checkpoint after securing a term sheet. For first-time founders in India, approaching this with meticulous preparation is the key to a fast, successful closure. DD is the process where investors and their legal/financial advisors verify every claim, document, and compliance status of your startup. A clean DD signals trust and professional management. Phase 1: Pre-DD Preparation – Tidy Up Your House 🧹 The biggest mistake is waiting for the term sheet. Start preparing your documentation now, focusing on a robust, well-organized Virtual Data Room (VDR). 1. The Legal Foundation (Corporate Hygiene) Your…

The Q2 FY26 earnings season is set to kick off next week, with nearly 300 companies scheduled to announce their financial results for the September quarter. Among the major companies reporting earnings are Larsen & Toubro, ITC, Indian Oil, Swiggy, Adani Green Energy, Indus Towers, Bharat Petroleum Corporation, Adani Power, and Adani Total Gas. Investors and market participants will closely track these results to gauge corporate performance and sectoral trends ahead of the upcoming festive season. Key Companies Reporting Q2 Results by Date October 27, 2025Notable companies include: Adani Energy Solutions, Bata India, Canara HSBC Life Insurance, Chennai Petroleum, Fabtech…

The Indian primary market is set to witness a flurry of activity next week, with four new initial public offerings (IPOs) opening for subscription. On the mainboard, Orkla India IPO is scheduled to open, while Jayesh Logistics, Game Changers Texfab, Safecure, and Shreeji Global FMCG will launch their IPOs under the SME segment. No new IPO listings are expected to debut on the stock exchanges during the same week. IPOs Opening for Subscription Next Week 1. Orkla India IPO 2. Jayesh Logistics IPO 3. Game Changers Texfab IPO 4. Safecure IPO 5. Shreeji Global FMCG IPO Key Highlights Disclaimer: This…

Eyewear retailer Lenskart Solutions Limited has filed its final Red Herring Prospectus (RHP) with the Securities and Exchange Board of India (SEBI), paving the way for one of the most anticipated internet IPOs of 2025. According to the RHP reviewed, Lenskart plans to raise ₹2,150 crore through a fresh issue of shares, along with an offer for sale (OFS) of up to 12.76 crore shares by existing investors — slightly lower than the 13.2 crore shares mentioned in the draft prospectus. The anchor investor round will open on October 30, followed by the public issue between October 31 and November…