VVDN Technologies weighs India IPO of up to $300 million
Gurugram-based VVDN Technologies is considering a share sale in India of as much as $300 million, Moody's reports, citing people familiar with the matter.
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what happened
Moody's reports, citing people familiar with the matter, that VVDN Technologies Pvt. is weighing a public listing in India that could bring in up to $300 million. The Gurugram-based firm, which makes technology products and handles contract manufacturing, has asked investment banks to submit pitches for roles in the deal, with presentations scheduled later this week, and expects to hire advisers soon.
Discussions are at an early stage, so the size and timing could still change. VVDN did not reply to a request for comment. Founded in 2007, the company offers product engineering, software and manufacturing services, operates in the US, Canada, Europe, Vietnam, South Korea and Japan, and runs 11 R&D centers. Motilal Oswal Private Equity is among its investors, and Mint reported last month that an IPO was being planned.
why it matters
India's listings market remains buoyant: new share sales have brought in roughly $14.36 billion so far in 2026, after a 2025 total of $22 billion, a record, according to Bloomberg data. Attention is also on Jio Platforms, which began taking subscriptions on Wednesday for the nation's biggest IPO, targeting as much as $3.2 billion. Strong demand for fresh listings signals appetite for new equity supply in India.
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- VVDN Technologies said to consider up to $300 million IPO — Moody's, 27 October 2026 at 04:50 UTC
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