Tito’s, Goa’s nightlife hotspot, plans SME IPO, seeks ₹1,000 crore valuation: Report

Tito's, which runs popular nightclubs in the Baga Beach area, has finalised ICICI Securities as one of its book-running lead managers, the report, citing people aware of the matter, said.

According to its website, Tito's Group was founded in 1971 and has become a destination for hospitality, local culture, and aspirational nightlife experiences.

The company's Club Tito's and Cafe Mambo were awarded best nightclubs in Goa. These clubs have hosted programs and events such as Femina Miss India auditions, Roadies, Splits Villa, Sunburn After Party, Miss Goa International 2016, Mr and Miss Tito's International and The Annual Tito's Calendar Shoot.

The firm is currently helmed by brothers Ricardo and David D'Souza, who also serve as its Directors.

Upcoming IPOs in 2025

Ather Energy has received approval from SEBI to launch its public offer, which will consist of a fresh issue worth ₹3,100 crore and an offer-for-sale of 2.2 crore equity shares.

Under the OFS, 3State Ventures Pte Ltd, National Investment and Infrastructure Fund II, Caladium Investment Pte Ltd, IITM Incubation Cell and IITMS Rural Technology and Business Incubator will sell their stake.

The funds generated will be used to set up an electric two-wheeler manufacturing plant, invest in research and development (R&D), marketing, clear and general corporate purposes.