Vardhman Appliances Files IPO Papers with SEBI

Vardhman Appliances has officially submitted preliminary IPO documentation to the Securities and Exchange Board of India alongside the Shreejikrupa Project. This regulatory filing initiates the public offering process for the consumer appliance and electronics manufacturing services provider.

Vardhman Appliances Funding Breakdown

The proposed public offering is structured around specific capital-raising targets and asset deployment plans.

The key financial figures for the public offering include:

• Fresh issue of up to Rs 250 crore by Vardhman Appliances.
• Offer for Sale of up to 2.50 crore equity shares by promoters and investors.
• Shreejikrupa Project fresh issue reaching up to Rs 410 crore.
• Shreejikrupa Project Offer for Sale of up to Rs 90 crore.

The fresh issue funds for Vardhman Appliances are earmarked for debt repayment, a new facility in Baghpat, Uttar Pradesh, and paying down debt at its wholly-owned subsidiary, Lazer India. Existing shareholders participating in the Offer for Sale include the India Inflection Opportunity Fund and The Wealth Company Alternates Trust.

Dove Soft Subscription Performance

The public offering for CPaaS provider Dove Soft has recorded its subscription status on the second day of bidding.

The details of the ongoing public offering are as follows:

• Overall subscription reached 0.86 times as of October 1, 2026.
• Subscription period spans from September 30, 2026 to October 5, 2026.
• Total issue size consists of 49.98 lakh fresh shares and 12.72 lakh shares via Offer for Sale.
• Total issue value reaches up to Rs 73.26 crore with a price range between Rs 104 and Rs 111.

Category-wise bidding on the second day showed Qualified Institutional Buyers at 1.00 times, Non-Institutional Investors at 1.19 times, and individual investors at 0.55 times. The offering is managed by Swastika Investmart Ltd. with Purva Sharegistry India Pvt. Ltd. as registrar, and listing is slated for the BSE SME platform on October 8, 2026.