Arkade Developers, Juniper Hotels, and two more approved for Sebi IPOs

09 Feb 2024 CW Team

As per Securities and Exchange Board of India (Sebi) updates, approval has been granted to four companies, namely Juniper Hotels (operator of hotels under the Hyatt brand), Arkade Developers, CJ Darcl Logistics (logistic firm), and Indo Farm Equipment (manufacturer of tractors, pick and carry cranes, and other farm equipment), to raise funds through initial public offerings (IPOs).

The regulatory nod for these companies, which submitted their preliminary IPO papers to Sebi between September and October 2023, was received during January 24-29. In the terminology of Sebi, the receipt of the regulator's observation signifies approval to proceed with the public issue.

Interestingly, Sebi has chosen to return the draft IPO documents of Kronox Lab Sciences and Shree Tirupati Balajee Agro Trading Company without providing any explanation for this decision, as indicated in the update.

Juniper Hotels, in its proposed maiden public issue, plans to issue entirely fresh equity shares valued at Rs 18 billion. The company intends to allocate the net proceeds of Rs 15 billion for debt repayment, while a portion of the funds will be earmarked for general corporate purposes.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..