September 30, 2025

Big news is here from the world of business! Three companies—Hotel Polo Towers, Bombay Coated & Special Steels, and APPL Containers—have started the journey to raise money by selling shares to the public. They have filed their first papers, called draft red herring prospectus (DRHP), with Sebi, the stock market watchdog. Hotel Polo Towers is planning a mixed IPO. They want to sell new shares worth Rs 300 crore and promoters will offer 71.2 lakh shares for sale. Interestingly, the hotel group may also raise Rs 60 crore before the IPO through a private placement, though this could reduce the fresh shares offered later. This hotel chain runs nine trendy and midscale hotels mostly in northeast, east, and north India. Some cool spots are Agartala, Kolkata, Shillong, and Neermahal. By August 2025, their hotels account for 425 rooms. Last financial year, their revenue was Rs 118 crore with a profit of Rs 22 crore. Bombay Coated & Special Steels is stepping into public markets for the first time with only fresh shares—1.5 crore of them. This Bhavnagar-based steel processing giant transforms steel coils into useful steel products. Their yearly capacity is 350,411 tonnes. In FY25, the company earned Rs 1,056 crore and netted Rs 28.6 crore profit. APPL Containers, a container manufacturing player founded in 2021, is also hitting the IPO trail with 12.5 lakh fresh shares and an offer for sale of 25.6 lakh shares from promoters. Last year, they made Rs 69 crore revenue and an impressive Rs 33 crore net profit. The money raised will support working capital needs, debt payment, and general business growth. What's all this money for? For Hotel Polo Towers, the fresh funds will support setting up new hotels, improving existing ones, paying debts, and general company use. For Bombay Coated and APPL Containers, proceeds will mainly help in expansion and financial strength. Investors, keep your eyes peeled! These new IPOs bring fresh flavors from hospitality, steel, and manufacturing sectors to the stock market menu. With strong performances and exciting plans, the market looks set for some masaledar action ahead.

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Tags: Ipo, Hotel polo towers, Bombay coated & special steels, Appl containers, Sebi, Stock market,