The move to go for an IPO is well timed as it comes on the heels of a successful debut in the stock market by its start up rival Ola Electric just few days ago when it raised Rs 5500 crore
The Rs 160-crore initial share sale received bids for 16,33,54,410 shares against 1,00,00,800 shares on offer, as per NSE data
Upcoming IPO Alert: With the IPO, Inventurus Knowledge Solutions is offering an offer for sale of up to 28,184,060 equity shares of face value of Re 1 apiece
The IPO is a combination of a fresh issue of shares worth up to Rs 200 crore and an offer-for-sale of up to 4.447 mn shares valued at Rs 400 crore, at the upper end of the price band
Since the issue is completely an OFS, the company will not receive any proceeds from the IPO and the entire fund will go to shareholders
Unicommerce eSolutions IPO received massive participation from investors, being subscribed a whopping 168.35 times by the last date of subscription
Before its listing, the grey market premium (GMP) for the FirstCry IPO was quoted around Rs 87, suggesting strong listing gains
Opt to sell shares during IPO instead on hopes of better valuations
The Rs 160-crore initial share sale received bids for 4,37,44,950 shares against 1,00,00,800 shares on offer, translating into an oversubscription of 4.37 times
The Gurugram-headquartered firm, which has already crossed $ 1 billion in turnover, expects the domestic used-car market to cross $ 100 billion mark over the next ten years
The latest GMP trends indicate a bumper listing for Unicommerce eSolutions shares on the bourses - BSE and NSE. Check the expected listing price, listing gains, and more
FirstCry shares are trading at a premium of nearly Rs 86 or 18.49 per cent on Monday, which is nearly triple the GMP of Rs 32 or 6.88 per cent that the shares commanded on the IPO opening date
The three-day subscription window for the Saraswati Saree Depot IPO, a book-built issue worth Rs 160.01 crore, closes on Wednesday, August 14, 2024
Firm's valuation at Rs 40K cr despite tepid response to IPO
The upcoming week is also poised to witness a flurry of public offerings for investors. Here are the full details of the upcoming IPO activities for next week:
Available at a price band of Rs 440-465, with a lot size of 32 shares, FirstCry IPO was subscribed 12.22 times by the final day of subscription on August 8, 2024
Post-listing, Ola Electric shares rallied over 17 per cent to Rs 89.50 on the BSE, and Rs 89.50 on the NSE
Unicommerce eSolutions IPO, which was available at a price band of Rs 102-108, received massive participation from investors, getting subscribed a whopping 168.35 times by last date of subscription
The stock had listed flat to its initial offer price at 76 rupees on the National Stock Exchange
FirstCry will use the IPO proceeds to set up new stores, lease payments for its existing stores, invest in its subsidiary for its overseas expansion, and pay technology costs, among others