Page 19 - Initial Public Offering Ipo

Concord Enviro share list at 19% premium on BSE; misses IPO GMP trend

Concord Enviro IPO listing underperformed the grey market expectations. Ahead of the listing, Concord Enviro IPO shares were trading at Rs 839 apiece, reflecting a GMP of Rs 138, or 19.7%

Transrail Lighting IPO listing: Shares list at 36% premium on BSE, NSE

Transrail Lighting IPO listing: On BSE, the shares listed at Rs 585.15 per share, reflecting a premium of Rs 153.15, or 35.45 per cent, which was in line with market expectation

Mangal Electrical Industries files draft papers for Rs 450 cr IPO

Transformer components manufacturer Mangal Electrical Industries Ltd has filed draft papers with the capital markets regulator Sebi to raise Rs 450 crore through an Initial Public Offering (IPO). The IPO of the Jaipur-based company is completely a fresh issue of shares with no Offer For Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). The company may consider raising Rs 90 crore through a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced. As per the draft papers filed on Tuesday, proceeds from the fresh issue to the tune of Rs 122 crore will be used for funding working capital requirements of the company, Rs 120 crore for expanding the facility at Sikar, Rajasthan along with civil works at head office in Jaipur, Rajasthan, to increase storage capacity and Rs 96 crore for payment of debt, and general corporate purposes. Mangal Electrical Industries is a processor of transformer components, transformer lamination, ...

IPO mop up could top Rs 2 trillion in 2025: ibanking firm Pantomath

According to Pantomath, funds raised through IPOs in India this year rank second-highest globally after the United States

Bollywood-backed realtor Sri Lotus Developers files DRHP for Rs 792 cr IPO

Earlier this month, the company raised about Rs 408 crore through a private placement

Anya Polytech & Fertilizers hits capital market to raise Rs 45 cr via IPO

Anya Polytech & Fertilizers Ltd on Thursday hit the capital market to raise around Rs 45 crore through its Initial Public Offering (IPO). The company manufactures HDPE & PP bags, zinc sulphate fertilizers and micronutrient mixtures for agricultural needs. The company is targeting to raise Rs 44.80 crore through its IPO. The shares will be listed on the NSE Emerge platform. The issue size is 3,20,00,000 equity shares with a price band of Rs 13-14 per share. The net proceeds from the IPO will be utilised to meet the capital expenditure towards purchase of plant & machinery and working capital requirement. That apart, the funds will also be used for setting-up a new project in Yara Green Energy Private Ltd, a subsidiary company. A part of the proceeds will be used for meeting working capital and capital expenditure in Arawali Phosphate Limited, a subsidiary company. The issue will close on December 30, 2024. Yashpal Singh Yadav, Managing Director of Anya Polytech & ...

GoMechanic eyeing threefold growth to Rs 700 cr by 2027 before IPO launch

Car services and repair platform GoMechanic expects over three-fold rise in net revenue to Rs 700 crore by 2027 and thereafter go for public listing, a top official of the company said. GoMechanic Co-Founder and CEO Himanshu Arora told PTI that the company at present has around 3 per cent market share and aims to raise it to 10 per cent in the next three years. The company is also looking to diversify offerings, foraying into the two-wheeler and electric vehicle services segment. "We sit at about 3 per cent of the market share right now and to be servicing every 1 car out of ten would be around 10 per cent by 2027. By 2027, we expect our brand to generate approximately Rs 700 crore in revenue. We believe that an IPO is a natural next step for GoMechanic's growth story," Arora said. The company at present provides services through 800 garages across 125 cities and plans to scale up to 2,500 garages across 500 cities by 2027. GoMechanic was acquired by Servizzy, a subsidiary of the

EV-maker Greaves Electric Mobility files IPO papers, seeks Rs 1,000 crore

The IPO includes a fresh issue of equity shares worth Rs 1,000 crore and an offer-for-sale of up to 189.3 million equity shares by Greaves Cotton Limited and Abdul Latif Jameel Green Mobility Solution

IndiQube Spaces files draft papers with Sebi for Rs 850-crore IPO

The flexible workspace provider is backed by WestBridge Capital. It will use the proceeds for funding capital expenditure towards the establishment of new centres, repayment or pre-payment

Greaves Cotton rally 15%, hits record as arm files DRHP for Rs 1,000 cr-IPO

Greaves Cotton share rose after the company announced that its material subsidiary, Greaves Electric Mobility, has filed a Draft Red Herring Prospectus (DRHP) with Sebi, BSE and NSE for Rs 1,000 crore

Greaves Cotton rally 15%, hits record as arm files DRHP for Rs 1,000 cr-IPO

Greaves Cotton share rose after the company announced that its material subsidiary, Greaves Electric Mobility, has filed a Draft Red Herring Prospectus (DRHP) with Sebi, BSE and NSE for Rs 1,000 crore

Senores, Ventive, Carraro IPOs to close: Check subscription status, GMP

Senores, Ventive, and Carraro IPOs' subscription window will close today. Here are all the details on subscription status, GMP, listing

Tata Group stocks zoom up to 12% on reports of Tata Capital's Rs 15K-cr IPO

Tata Group companies' shares increased following reports of Tata Capital planning to raise Rs 15,000 crore through an initial public offering (IPO)

A guide to check Concord Enviro allotment status on BSE, NSE, Link Intime

Concord Enviro IPO share allotments are set to be finalised today. The unlisted shares of Concord Enviro are trading at Rs 756 in unofficial markets, reflecting a GMP of Rs 55 or 7.85 per cent

New listings through IPOs add 3% to India's market capitalisation in 2024

IPO fundraising reached Rs 1.8 trillion in 2024, 2.6 times the Rs 57,600 crore raised in 2023

BSE postpones bidding for Solar91 Cleantech's Rs 106 cr IPO amid concerns

The Rs 106-crore IPO was to open for subscription to investors from December 24 at a price band of Rs 185 to Rs 195

IPOs see investor rush; five issues attract total bids worth Rs 1.4 trn

The IPOs of engineering and construction company Transrail Lighting and investment banking firm DAM Capital Advisors were subscribed over 80 times each

IPOs see investor rush; five issues attract total bids worth Rs 1.4 trn

The IPOs of engineering and construction company Transrail Lighting and investment banking firm DAM Capital Advisors were subscribed over 80 times each

EV maker Greaves Electric Mobility files IPO papers to raise Rs 1,000 cr

Greaves Electric plans to invest the IPO proceeds into product research and development and build battery assembly capabilities, with a smaller portion earmarked to boost manufacturing capacity

Transrail Lighting IPO gets 80.8 times subscription on last day of offer

The initial public offering (IPO) of Transrail Lighting received 80.80 times subscription on the last day of the share sale on Monday. Transrail Lighting's Rs 839-crore initial share sale got bids for 1,12,44,40,452 shares, as against 1,39,16,742 shares on offer, according to NSE data. The quota for non-institutional investors garnered 76.41 times subscription, while the category for retail individual investors got subscribed 22.07 times. The Qualified Institutional Buyers (QIBs) portion received a mammoth 201.06 times subscription. Transrail Lighting Ltd has mobilised Rs 246 crore from anchor investors. The Rs 839-crore IPO had a price band of Rs 410-432 per share. The company's IPO is a combination of a fresh issue of shares worth Rs 400 crore and an Offer-for-Sale of 1.01 crore equity shares by a promoter Ajanma Holdings Pvt Ltd. Proceeds from the fresh issue will be used to fund incremental working capital requirements, to support capital expenditure and for general corporate