Vikram's big thesis: September was the month India's market infrastructure went public. NSE listing on BSE is a once-in-a-generation moment and the post-IPO secondary market continued to generate meaningful liquidity for investors across the board.
📋 DRHP Filings:
⚡ Sterlite Electric — Power transmission and distribution. GEF Capital, Volrado-backed.
🎓 NoPaperForms (Meritto) — Edtech SaaS for admissions management.
🔬 Aragen Life Sciences — CRDMO for global pharma and biotech. Goldman Sachs, Quadria Capital-backed.
🌀 Atomberg Technologies — Energy-efficient BLDC fans and smart appliances. A91, Steadview, Jungle Ventures-backed.
🔔 Listings:
💳 Manipal Payment & Identity Solutions — Eighteen years to IPO. No PE/VC sold in OFS.
🛋️ Rentomojo — Twelve years to IPO. Accel, Madison, Chiratae sold.
🏗️ Glass Wall Systems — Twenty-four years to IPO. Motilal Oswal PE sold.
🏛️ NSE — Thirty-four years to listing. Pure OFS. SBI, Morgan Stanley, CPPIB, GIC-linked entities sold.
💰 Post-IPO block trades — Pine Labs (Mastercard full exit, Alpha Wave, QE Securities), Meesho (SoftBank, RPS Ventures), Lenskart (ADIA), Groww (Peak XV), Sedemac (A91, Xponentia, Mace), Bluestone (Accel, 360 One), Shadowfax (NewQuest), FirstCry (NewQuest), BlackBuck (Accel), Rentomojo (Chiratae, Capital One, GRT Strategic Ventures).
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