On March 27, Indira IVF pulled again its formidable IPO after the Securities and Change Board of India (SEBI) claimed that the film ‘Tumko Meri Kasam’ was endorsing the agency, in keeping with Financial Instances information report.
The market regulator famous that the discharge timing of the movie appeared questionable for the reason that firm was within the strategy of securing funds for its IPO. The film was produced by Indira Leisure, with Murdia’s sons, Nitiz and Kshitiz, listed as producers.
Indira IVF rejected the allegations, stating by an organization consultant to the Indian Specific that it selected to retract the beforehand submitted DRHP after assessing a number of elements and industrial features. It stays unsure whether or not the corporate intends to pursue the providing once more within the close to future.
In response to a report from hindustantimes.com, Tumko Meri Kasam, directed by Vikram Bhatt, premiered in theaters on March 21. The movie options Anupam Kher, Adah Sharma, Esha Deol, and Ishwak Singh, and tells the story of Dr. Ajay Murdia, the founding father of Indira IVF. It follows Dr. Murdia’s struggles to normalize IVF, together with a protracted authorized battle he confronted.
Upon its launch, the film acquired a mixture of destructive and average evaluations, though Anupam Kher’s portrayal of Dr. Murdia was praised. On the field workplace, Tumko Meri Kasam underperformed considerably, closing shortly after the primary weekend with earnings of solely ₹65 lakh.
Although it was by no means explicitly acknowledged, insiders prompt that the movie was meant as a promotional technique to reinforce Dr. Murdia and the corporate’s fame, coinciding with their formidable ₹3,500 crore IPO to take the corporate public.
IPO market
The IPO market is starting the brand new monetary yr (FY26) on a sluggish observe, as there have been no new public choices within the first week. However, there are 4 SME IPOs which can be scheduled to launch on the inventory exchanges quickly. Whereas the preliminary momentum is weak, it’s anticipated that exercise will improve later within the yr, as numerous giant corporations are gearing as much as go public.
Disclaimer: The views and proposals above are these of particular person analysts, consultants and broking corporations, not of Mint. We advise buyers to examine with licensed consultants earlier than making any funding choice.
