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Shivganga Drillers is planning to raise Rs 400 crore through an initial public offering. The company will use the funds for machinery, debt repayment, and general business needs. This integrated oilfield services provider offers drilling, offshore, and project management services. The IPO is a fresh issue of shares. Aryaman Financial Services is managing the offering.
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Bitcoin and major cryptocurrencies experienced a significant slump, dropping over 2% in 24 hours and extending monthly declines to over 10%. This downturn is linked to a broader sell-off in tech stocks amid weak US earnings and anticipation of a Bank of Japan rate hike. Despite short-term volatility, underlying institutional interest and network development offer long-term optimism.
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E-commerce enabler Shiprocket is gearing up for an IPO, aiming to raise up to Rs 2,342 crore. The company, backed by investors like Temasek, plans to use the funds for platform growth, technology, and potential acquisitions. Shiprocket’s platform assists Indian MSMEs and digital retailers with logistics, payments, and sales, operating an asset-light model.
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The target is based on a 20x PE multiple on estimated Dec-27 earnings, which implies a modest 5% de-rating from current levels.
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As per the September 2025 quarter filings, Goel has reported stakes above 1% in around 34 listed companies, with the portfolio’s total value standing at nearly Rs 2,008 crore as of December 12, 2025—a modest 4% rise from about Rs 1,933 crore in March 2025.
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