Moneyview Digital Lending Platform Launches Initial Public Offering on September 24

Six companies, including Elevate Campuses and Varmora Granito, intend to enter the primary market next week. They aim to raise a total of 3,825 crore rupees through Initial Public Offerings (IPOs), as fundraising activity shows a rapid pace in 2026.

In addition to these two issuances, A-One Steels India Ltd, ArMee Infotech Ltd, Swastika Infra, and Adroit Industries (India) Ltd will also launch their public offerings, bringing the total number of planned IPOs for the week to six.

The IPO subscription will be open from September 22 to 28, with most offerings opening on September 23. The funds raised from the new placements will primarily be directed towards business expansion, capital expenditures, debt repayment, working capital needs, and other general corporate requirements.

This current wave of IPOs follows an active start to September, during which 17 offerings have already been completed. Currently, the placement process is underway for a large listing on the National Stock Exchange (NSE) by textile manufacturer Sonaselection India Ltd.

With these offerings, the number of companies launching IPOs in 2026 is expected to reach 87, including 23 issuances in August.

Kamraj Singh Negi, Managing Director and CEO of Pantomath Capital, noted: 'The primary market has clearly regained momentum, with July and August accounting for almost 60 percent of the 83,062 crore rupees raised through IPOs so far in 2026.'

He added that at the current pace of issuance and pipeline depth, the market has the potential to exceed last year's fundraising figures, although the final result will depend on market conditions and listing timelines.

Furthermore, he stated that the prospects for the remainder of the year are particularly favorable given the pipeline depth. 167 companies have received Sebi approval, representing an estimated potential issuance size of 3.06 trillion rupees, and another 71 companies, with an estimated size of 1.60 trillion rupees, are awaiting approval.

'This gives issuers significant freedom of choice for market entry, as conditions remain favorable,' he concluded.

Elevate Campuses, supported by Hillhouse Investment, will enter the primary market with an IPO worth 2,100 crore rupees on September 23, with shares priced in the range of 343–362 rupees. The three-day public offering will conclude on September 25, and listing is expected on September 30. The IPO consists entirely of a fresh issue of ordinary shares, without a secondary offering (OFS) component.

Varmora Granito's IPO, valued at 708 crore rupees, will be available for subscription from September 22 to 24. The price band for the public offering was set at 140–148 rupees per share. This offering from the tile and sanitaryware manufacturer includes a fresh issue of ordinary shares worth up to 320 crore rupees and a secondary offering (OFS) of 2.62 crore shares worth up to 388 crore rupees by investor Katsura Investments.

Integrated steel producer A-One Steels India aims to raise 405 crore rupees through its first public offering, which opens on September 24 and closes on September 28. The price band was set at 385–405 rupees per share. The IPO includes a fresh issue of ordinary shares worth 355 crore rupees and a secondary offering (OFS) of promoter shares worth up to 50 crore rupees.

ArMee Infotech, which deals in integrated technology infrastructure and renewable energy, will launch its IPO worth 300 crore rupees from September 23 to 25. The price band for the offering is set at 350–375 rupees per share, and it is entirely a fresh issue of ordinary shares.

Swastika Infra, an EPC solutions provider in power distribution and infrastructure projects, will launch its IPO worth 161 crore rupees from September 23 to 25, with a price range of 175–185 rupees per share.

Adroit Industries (India) Ltd's offering of 151 crore rupees will open from September 23 to 25 with a price range of 126–134 rupees per share.

Anthropic, the developer of Claude, has postponed its Initial Public Offering (IPO) to November, one month later than many investors had predicted. The company was scheduled to debut on the stock exchange in October, an event that could have set new records.

Sources close to the matter informed The Wall Street Journal that some Anthropic consultants suggest that waiting until November will allow the company to present third-quarter financial reports demonstrating a robust competitive position, even after the launch of the new Astra model by rival OpenAI in September.

This change in schedule occurred before a public warning issued by a former Anthropic researcher, which sparked a debate about the rapid pace of artificial intelligence (AI) progress. However, those familiar with the planning indicate that the final date is still subject to change.

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Both consultants and current Anthropic investors maintain the conviction that a slowdown in AI development will not drastically impact the company's financial projections, given that it can still generate substantial revenue from its existing models.

Current investors project that Anthropic could achieve annualized revenue exceeding US$110 billion (equivalent to approximately R$583 billion) by the end of the year.

On Thursday the 17th, the focus of the company's meeting with some of its early partners and investors, held at Anthropic's headquarters, was not the IPO. Executives such as Jared Kaplan, Benjamin Mann, and Andrej Karpathy discussed the company's recent products, including the Model Hardware Standard, a tool that enables AI agents to operate physical equipment, such as robotic arms and microscopes, according to one participant.

Later, during a dinner hosted by Anthropic at a steakhouse in San Francisco (USA), venture capital investors discussed the security alert raised by Amodei and the subsequent repercussion of the statement.

Several Silicon Valley companies that invested in Anthropic stated that they consider Amodei's timing opportune to advocate for new safety standards for the sector, and declared they are not apprehensive about a potential decrease in interest in the IPO.

One of these investors opined that, after becoming a publicly traded corporation, Anthropic will likely face a much higher level of scrutiny from shareholders. According to him, defining a stance on broader safety risks can help the company protect itself should any unforeseen event occur in the future.

In parallel, Anthropic's main competitor, OpenAI, announced that it does not intend to go public before 2027. OpenAI is also in the early stages of negotiations for a new funding round that could value it at over US$1.2 trillion (about R$6.4 trillion), if successful.

The last time the creator of ChatGPT raised funds, the company received over US$120 billion (approximately R$636 billion) from investors. If OpenAI manages to raise a similar amount before Anthropic's IPO, some of the company's investors believe this could reduce demand for the Claude developer's stock offering.

Significant information has emerged regarding the Initial Public Offering (IPO) of the National Stock Exchange (NSE). According to sources, this IPO is expected to raise approximately 30,000 crore rupees and may commence on September 18th, with the stock listing scheduled for September 25th.

If the offering size reaches approximately 30,000 crore rupees, it could become the largest IPO in Indian history. However, official confirmation of these dates from the NSE has not yet been received, and the full IPO schedule has not been announced.

Sources suggest that the IPO price band might be announced on September 15th. Following this, the book-building process for anchor investors is expected to open on September 17th. Subsequently, the public subscription may open from September 18th to September 22nd, allowing investors to apply on September 18th, 21st, and 22nd.

The projected size of the NSE IPO is around 30,000 crore rupees. If this size is maintained, it will surpass the Hyundai Motor India IPO held in 2024, which raised 27,870 crore rupees, potentially making it the largest IPO in India. Due to this large volume, increased interest is anticipated from both domestic and foreign investors.

It is expected that the NSE IPO will be structured entirely as an Offer For Sale (OFS). This means the company itself will not issue new shares; instead, existing shareholders will sell a portion of their stake. Under the OFS, approximately 14.89 million equity shares with a face value of 1 rupee may be offered, constituting about 6% of NSE's paid-up capital.

Since the IPO will be conducted entirely through the OFS mechanism, no new shares will be issued, and the IPO proceeds will not go directly to the NSE. These funds will be received by the existing shareholders selling their stake. Reports also indicate that Bank of Baroda may sell its stake in the NSE IPO. The bank is expected to sell about 7.69 million NSE shares it holds under the OFS. According to reports, Bank of Baroda might realize about 35% of its stake in NSE, although the final number of shares and the stake will only be confirmed by official documents.

Considering the current probable timeline, the following dates may be significant for investors: September 15th—possible announcement of the price band; September 17th—possible opening of the book for anchor investors; September 18th, 21st, and 22nd—possible subscription dates; and September 25th—possible stock listing.

Nevertheless, investors should remember that all these dates are tentative. Final timelines will only become clear after the official schedule is published by the NSE. A clearer picture of the offer valuation, share volume, and the actual situation for investors can be seen after the price band and related IPO documents are released.