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Sebi proposes increase in application size for SME IPOs

This move follows a rise in SME (small and medium enterprises) issues, which has driven significant investor participation. New Delhi: Markets regulator SEBI on Tuesday proposed increasing the minimum application size for SME IPOs to up to Rs 4 lakh, to ensure that only informed investors with adequate risk appetite and investment capacity can apply. This move follows a rise in SME (small and medium enterprises) issues, which has driven significant investor participation. With the rise in SME issues, investor participation in such offerings has also grown significantly. The applicant-to-allotted investor ratio has surged from 4 times in FY22 to 46 times in FY23 and further to 245 times in FY24. “The retail individual participation has increased in the SME IPO over the last few years. Therefore, considering that SME IPO s tend to have a higher element of risks and investors get stuck if sentiments change post-listing, to protect the interest of smaller retail investors, it is prop
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E-commerce firms should respect law of land: Goyal

Addressing an event in Mumbai, Goyal said the country’s foreign direct investment (FDI) norms are clear for the e-commerce retail and these companies should stick to the rule of the law New Delhi: Commerce and Industry Piyush Goyal On Tuesday said the country’s foreign direct investment (FDI) norms are clear for the e-commerce retail and the companies in this segment should respect the law of the land. Recently, the minister stated that these firms violate FDI norms and follow predatory pricing. He had questioned Amazon ‘s announcement of a $1 billion investment in India, saying the US retailer was not doing any great service to the Indian economy but filling up for the losses it had suffered in the country. Addressing an event in Mumbai, Goyal said e-commerce companies should stick to the rule of the law. “The law of the land is very clear about foreign direct investment…I have been repeatedly talking about the subject that every ecommerce company should respect the law of the l

Cinema chain MovieMax to reach 100 screens by FY26

The company will focus on increasing its footprint in South India and tier 2 and 3 cities Bengaluru:  Mumbai-based cinema chain MovieMax Cinemas is targeting 100 screens by the end of next fiscal year (FY26), a top company official told IndiaRetailing. It aims to expand to approximately 83 screens from the current 79 screens by the end of the current fiscal year (FY). Moviemax is owned by Cineline India Ltd., a publicly listed company supported by the Kanakia Group. Previously, Cineline operated the Cinemax brand, founded in 1997, which it later sold to PVR for Rs 395 crore. MovieMax Cinemas was established in 2022 and within two years, it expanded to 79 screens across 21 cinemas in 12 cities including Bikaner, Ghaziabad, Gurgaon, Lucknow, Mumbai, Nagpur, Nashik, Noida, Patiala, Pune, Secunderabad, and Zirakpur. “Looking ahead, our primary target market is South India, especially in cities like Bengaluru, Hyderabad, Cochin, and Coimbatore,” said Ashish Kanakia, chief executive offi

The business of offering immersive experiences

Shopping centres are using immersive experiences to attract more shoppers and boost business New Delhi:  Malls must offer more than just shopping to capture customer attention and time, representatives from different malls and developers said. The shift to providing immersive experiences not only enhances foot traffic but also strengthens brand recall and customer loyalty. “The challenge and opportunity lie in distinguishing these spaces through unique, memorable engagements,” said Najeeb Kunil, chief executive officer (CEO), of PPZ Services. Experiences ranging from community-based engagements to full-scale amusement facilities are at the forefront of what will sustain and grow foot traffic in modern retail landscapes. With the right mix of retail and recreation, malls can evolve from traditional shopping destinations into vibrant hubs of activity and engagement. Shift in Retail Expectations like basic height specifications and amenities like ample parking have now become prerequi

Zinka Logistics IPO subscribed 1.86 times

The share sale received bids for 4,19,40,018 shares, as against 2,25,67,270 shares on offer, as per NSE data. New Delhi:  The initial public offering of Zinka Logistics Solutions Ltd, a digital platform for truck operators, got subscribed 1.86 times on the last day of bidding on Monday. The share sale received bids for 4,19,40,018 shares, as against 2,25,67,270 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched 2.76 times subscription, while the category for Retail Individual Investors (RIIs) got subscribed 1.65 times. The quota for non-institutional investors attracted 24% subscription. Zinka Logistics Solutions Ltd on Tuesday mobilised over Rs 501 crore from anchor investors. The Rs 1,115-crore IPO (Initial Public Offering) has a price range of Rs 259-273 apiece. The IPO is a combination of a fresh issue of shares worth Rs 550 crore and an offer-of-sale (OFS) of up to 2.06 crore shares. The OFS by promoters and investor-selling share

Zepto expands cafe service to major cities; eyes Rs 1,000 cr revenue run-rate by 2026

Zepto will serve through over 120 Cafes at stores across Mumbai, Delhi, Bengaluru, and soon in Hyderabad, Chennai, and Pune New Delhi: Quick commerce platform Zepto on Monday announced the rollout of its cafe service in major cities and said it targets a revenue run-rate of Rs 1,000 crore by 2026. It will serve through over 120 Cafes at stores across Mumbai, Delhi, Bengaluru, and soon in Hyderabad, Chennai, and Pune, a company statement said. “We have cracked 10-minute delivery with high-quality food preparation processes, which is why we are seeing strong customer love. Over the past year, our team has meticulously researched and sourced state-of-the-art equipment for our cafes, including coffee machines that employ handcrafted brewing techniques,” Zepto CEO Aadit Palicha said. Serving the concept of a quick meal for today’s fast-paced urban lifestyle, the online cafe features a diverse menu with over 148 items, including freshly brewed chai, coffee, all-day breakfast, pastries,

India’s first Prada beauty store to open next month

The Italian luxury brand’s first store in India will open at a high-end mall in Delhi Mumbai: Fans of Italian luxury brand Prada are in for a treat this Christmas as its first beauty store in India is slated to open next month.  “The first Prada beauty boutique is signed and the work is in progress at Nexus Select Citywalk… We are trying to open it before Christmas,” Biju Kassim, chief executive officer of Shoppers Stop’s beauty business told IndiaRetailing.  Prada Beauty is coming to India through Global SS Beauty Brands Ltd. (GSSBB), the distribution arm of Shoppers Stop. Prada has been growing its footprint across the globe. As per Statista, Prada operated 606 owned stores and 25 franchised stores worldwide in 2023. Prada Beauty was launched around the year 2023 and its range comprises fragrances and colour products including makeup and skincare. Embracing sustainability, the brand offers an entire range of refillable products starting at $55. Prada’s first tryst with the bea