Page 16 - Initial Public Offering Ipo

EPC firm Lumino Industries files draft papers with Sebi for Rs 1,000 cr IPO

Lumino Industries, an EPC company specialising in conductors, power cables, and power EPC projects, has filed its draft red herring prospectus (DRHP) with SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The IPO comprises a mix of a fresh issue of shares worth Rs 600 crore and an offer-for-sale (OFS) of Rs 400 crore by promoters. A portion of the offer will be reserved for the eligible employees under the employee reservation portion. In addition, the Kolkata-based company, in consultation with the book-running lead managers (BRLMs), may consider a pre-IPO placement of equity shares aggregating up to Rs 120 crore. The company will use Rs 420 crore proceeds from the fresh issue to reduce borrowing. Only a meagre amount of Rs 15 crore will go for capex while the rest will be used for general corporate purposes. The IPO will carry a face value of Rs 5 per equity share.

PharmEasy sets stage for IPO return with new strategy, boosted cash flow

PharmEasy plans to re-enter the IPO market following a major business overhaul. The company aims to discuss its IPO strategy, including a potential merger with Thyrocare, at its February board meeting

Stallion India Fluorochemicals IPO allotment: Check status, listing date

Investors can check Stallion India Fluorochemicals' allotment status by visiting NSE, BSE, or its registrar Bigshare Services

Stallion India IPO garners 188.38 times subscription on last day of offer

The initial public offer of Stallion India Fluorochemicals Ltd received 188.38 times subscription on the closing day of bidding on Monday, driven by overwhelming participation from investors. The Rs 199.45 crore initial share sale got bids for 2,92,22,89,425 shares against 1,55,12,978 shares on offer, as per NSE data. The portion meant for non-institutional investors fetched a huge 422.42 times subscription while the category for Qualified Institutional Buyers (QIBs) received 172.93 times subscription. The category for Retail Individual Investors (RIIs) garnered 96.90 times subscription. Refrigerants supplier Stallion India Fluorochemicals on Tuesday fixed a price band of Rs 85-90 per share for its initial public offering (IPO). The IPO has a fresh issue of 1.78 crore equity shares and an offer-for-sale (OFS) component of 43.02 lakh shares by its promoter Shazad Sheriar Rustomji. Proceeds from the issue will be used towards funding working capital requirements, capital expenditure

Groww picks JPMorgan for IPO to raise $750 mn, may seek $7 bn valuation

Billionbrains Garage Ventures behind financial services platform Groww Invest Tech Pvt Ltd could proceed with an IPO this year, seizing on the momentum for share sales in India

Last Day! Stallion India IPO ends today; subscription at 77x, GMP up 48%

Non-institutional investors (NIIs) have shown major interest in Stallion India IPO, subscribing at 216.08 times, while Retail investors have subscribed at 60.31 times

Last Day! Stallion India IPO ends today; subscription at 77x, GMP up 48%

Non-institutional investors (NIIs) have shown major interest in Stallion India IPO, subscribing at 216.08 times, while Retail investors have subscribed at 60.31 times

Laxmi Dental listing: Shares make decent debut; lists at 27% premium on NSE

Laxmi Dental IPO listing today: With a price band of Rs 407 to Rs 428 per share, Laxmi Dental IPO opened on Monday, January 13, 2025, and concluded its subscription on Wednesday, January 15, 2025

Denta Water IPO to open on Jan 22, sets price band at Rs 279-294 per share

Water and infrastructure solutions company Denta Water and Infra Solutions Ltd on Friday said it has fixed a price band of Rs 279 to Rs 294 per share for its initial share-sale opening for public subscription on January 22. The Initial Public Offering (IPO) will conclude on January 24, Denta Water announced. The IPO is entirely a fresh issue of 75 lakh equity shares worth Rs 220.5 crore at the upper end of the price band. Proceeds from its fresh issuance to the extent of Rs 150 crore will be utilised for meeting working capital requirements and a portion will be used for general corporate purposes. Founded in 2016, Denta Water and Infra Solutions Ltd, has emerged as one of the key players in the field of water Engineering, Procurement, and Construction (EPC) services. It has completed 32 water management projects out of which 11 projects as the main contractor, 1 project has been undertaken under a consortium / joint venture arrangement and 20 projects have been undertaken under

Stallion India IPO opens on January 16; check GMP, dates, other key details

As investors await the opening of the public offering, here are the key details of the Stallion India IPO, as outlined in the company's Red Herring Prospectus (RHP)

Delta Autocorp shares list at 35% premium, hit 5% upper circuit later

Shares of Delta Autocorp continued their northward march post-listing to hit the 5 per cent upper circuit at Rs 183.75 per share on the NSE SME

Laxmi Dental IPO receives 5.28 times subscription on first day of bidding

The initial public offer of Laxmi Dental Ltd got fully subscribed within minutes of opening for bidding on Monday and finally ended the day with 5.28 times subscription. The initial share sale received bids for 4,73,96,250 shares against 89,70,371 shares on offer, translating into 5.28 times subscription, according to data available with the NSE. The portion for Retail Individual Investors (RIIs) fetched 12.40 times subscription while the category for non-institutional investors got subscribed 10.85 times. The quota for Qualified Institutional Buyers (QIBs) received 13 per cent subscription. OrbiMed-backed Laxmi Dental has collected a little over Rs 314 crore from anchor investors. The issue with a price band of Rs 407-428 per scrip will conclude on January 15. The IPO is a combination of a fresh issue of equity shares for up to Rs 138 crore and an OFS of up to 1.31 crore equity shares worth Rs 560 crore by promoters -- Rajesh Vrajlal Khakhar and Sameer Kamlesh Merchant, and other

Laxmi Dental IPO receives 5.28 times subscription on first day of bidding

The initial public offer of Laxmi Dental Ltd got fully subscribed within minutes of opening for bidding on Monday and finally ended the day with 5.28 times subscription. The initial share sale received bids for 4,73,96,250 shares against 89,70,371 shares on offer, translating into 5.28 times subscription, according to data available with the NSE. The portion for Retail Individual Investors (RIIs) fetched 12.40 times subscription while the category for non-institutional investors got subscribed 10.85 times. The quota for Qualified Institutional Buyers (QIBs) received 13 per cent subscription. OrbiMed-backed Laxmi Dental has collected a little over Rs 314 crore from anchor investors. The issue with a price band of Rs 407-428 per scrip will conclude on January 15. The IPO is a combination of a fresh issue of equity shares for up to Rs 138 crore and an OFS of up to 1.31 crore equity shares worth Rs 560 crore by promoters -- Rajesh Vrajlal Khakhar and Sameer Kamlesh Merchant, and other

EMA Partners India SME IPO to open on January 17 to raise Rs 76 crore

Mumbai-based EMA Partners India on Saturday said it is looking to raise Rs 76 crore on the NSE's Emerge platform through an initial public offering, which will open for public subscription on January 17. The issue with a price band of Rs 117-124 apiece will conclude on January 21. The bidding for anchor investors will open for a day on January 16, the company said in a statement. At the upper end of the price band, the company will raise about Rs 76.01 crore. The shares of the company are proposed to be listed on the Small and Medium Enterprises (SME) platform of NSE Emerge. Investors can bid for a minimum of 1,000 shares and in multiples thereof, it added. The initial public offering (IPO) is a fresh issue of up to 53.34 lakh equity shares, aggregating up to Rs 66.14 crore and an offer for sale component of up to 7.96 lakh shares by promoters -- Krishnan Sudarshan and Subramanian Krishnaprakash, according to the red herring prospectus (RHP) filed on January 9. Shekhar Ganapathy,

Quadrant Future Tek allotment today: Check status, GMP, listing date

Once the allotment is finalised, investors can check Quadrant Future Tek's allotment status by visiting the official website of the NSE, or, Link Intime India

Capital Infra Trust IPO: Check allotment status, GMP, listing expectations

Once the allotment of Capital Infra Trust IPO shares is finalised, investors can check their status on the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue

Lenskart gears up for IPO, aims to raise up to $1 bn from investors

Lenskart's revenue from operations rose by 43 per cent to Rs 5,427.7 crore in FY24, and due to cost-effective management, it controlled its losses by 84 per cent

Capital Infra Trust InvIT IPO receives 2.8 times subscription on last day

The initial public offer of Capital Infra Trust, an infrastructure investment trust (InvIT), received 2.80 times subscription on the final day of bidding on Thursday. The public offer received bids for 24,71,89,650 units against 8,83,83,750 units on offer, according to data available on the stock exchanges. Other investors portion got subscribed 5.08 times and the institutional investors' portion received 93 per cent subscription. Capital Infra Trust, sponsored by Gawar Construction, has garnered Rs 703 crore from anchor investors. The issue has a price band of Rs 99-100 per unit. The company's IPO is a combination of a fresh issue of units aggregating up to Rs 1,077 crore and an offer for sale (OFS) of units valued up to Rs 501 crore by the sponsor selling unitholder Gawar Construction Ltd. This takes the total size to Rs 1,578 crore. The public issue of Capital Infra Trust (formerly National Infrastructure Trust) has become the first InvIT IPO of 2025. According to its prospec

Capital Infra Trust InvIT IPO receives 2.8 times subscription on last day

The initial public offer of Capital Infra Trust, an infrastructure investment trust (InvIT), received 2.80 times subscription on the final day of bidding on Thursday. The public offer received bids for 24,71,89,650 units against 8,83,83,750 units on offer, according to data available on the stock exchanges. Other investors portion got subscribed 5.08 times and the institutional investors' portion received 93 per cent subscription. Capital Infra Trust, sponsored by Gawar Construction, has garnered Rs 703 crore from anchor investors. The issue has a price band of Rs 99-100 per unit. The company's IPO is a combination of a fresh issue of units aggregating up to Rs 1,077 crore and an offer for sale (OFS) of units valued up to Rs 501 crore by the sponsor selling unitholder Gawar Construction Ltd. This takes the total size to Rs 1,578 crore. The public issue of Capital Infra Trust (formerly National Infrastructure Trust) has become the first InvIT IPO of 2025. According to its prospec

Quadrant Future Tek IPO garners 185.82 times subscription on last day

The initial public offer of Quadrant Future Tek Ltd received 185.82 times subscription on the final day of share sale on Thursday, mirroring strong investors participation. The initial share sale received bids for 1,07,77,29,300 shares against 57,99,999 shares on offer, as per NSE data. The category for non-institutional investors garnered 254.16 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 243.12 times. The portion for Qualified Institutional Buyers (QIBs) received 132.54 times subscription. The Initial Public Offering (IPO) of Quadrant Future Tek Ltd got fully subscribed within minutes of opening for share sale on Tuesday. Quadrant Future Tek on Monday said it has raised over Rs 130 crore from anchor investors. The public issue has a price band of Rs 275-290 per share. The IPO is entirely a fresh issue of up to Rs 290 crore with no offer of sale component. The net proceeds from its fresh issuance will be used to fund the long-term wo