Page 22 - Initial Public Offering (ipo)

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

Mamata Machinery IPO garners 194.95 times subscription on last day of offer

The initial public offering of packaging machinery manufacturer Mamata Machinery Ltd fetched a whopping 194.95 times subscription on the final day of share sale on Monday. The Rs 179-crore initial share sale received bids for 1,00,94,81,802 shares, as against 51,78,227 shares on offer, as per NSE data. The Non-Institutional Investors part received a staggering 274.38 times subscription, while the Qualified Institutional Buyers (QIBs) chunk got subscribed 235.88 times. Retail Individual Investors (RIIs) portion garnered 138.08 times subscription. The Rs 179-crore IPO has a price range of Rs 230-243 per share. Mamata Machinery Ltd on Wednesday said it has raised over Rs 53 crore from anchor investors. The Gujarat-based company's initial share sale is entirely an Offer-for-Sale (OFS) of 73.82 lakh equity shares by promoters worth Rs 179.38 crore at the upper-end of the price band. Since it is an OFS, the company will not receive any proceeds from the public issue, and the entire fun

Sanathan Textiles' IPO gets subscribed 35.12 times on last day of offer

Yarn manufacturer Sanathan Textiles' initial public offering garnered 35.12 times subscription on the last day of bidding on Monday. The initial share sale received bids for 44,32,74,446 shares, as against 1,26,22,950 shares on offer, as per NSE data. The Qualified Institutional Buyers (QIBs) category mopped-up 75.62 times subscription, while the quota for non-institutional investors got subscribed 42.21 times. The portion for Retail Individual Investors (RIIs) received 8.93 times subscription. Sanathan Textiles on Wednesday said it has mobilised Rs 165 crore from anchor investors. The issue has a price band of Rs 305-321 per share sale. The company's Rs 550-crore IPO is a combination of a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer-for-Sale (OFS) of shares valued Rs 150 crore by promoters and promoter group entities. The company plans to utilise proceeds from its fresh issue worth Rs 160 crore for payment of debt, while Rs 140 crore will be invested

Sanathan Textiles' IPO gets subscribed 35.12 times on last day of offer

Yarn manufacturer Sanathan Textiles' initial public offering garnered 35.12 times subscription on the last day of bidding on Monday. The initial share sale received bids for 44,32,74,446 shares, as against 1,26,22,950 shares on offer, as per NSE data. The Qualified Institutional Buyers (QIBs) category mopped-up 75.62 times subscription, while the quota for non-institutional investors got subscribed 42.21 times. The portion for Retail Individual Investors (RIIs) received 8.93 times subscription. Sanathan Textiles on Wednesday said it has mobilised Rs 165 crore from anchor investors. The issue has a price band of Rs 305-321 per share sale. The company's Rs 550-crore IPO is a combination of a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer-for-Sale (OFS) of shares valued Rs 150 crore by promoters and promoter group entities. The company plans to utilise proceeds from its fresh issue worth Rs 160 crore for payment of debt, while Rs 140 crore will be invested

Unimech Aerospace IPO receives 3.81 times subscription on first day

The initial public offering of Unimech Aerospace and Manufacturing Ltd received 3.81 times subscription on the first day of share sale on Monday, helped by encouraging investors' participation. The Rs 500-crore initial share sale received bids for 1,79,22,111 shares, as against 47,04,028 shares on offer, as per NSE data. Retail Individual Investors (RIIs) part fetched 4.45 times subscription, while the category for non-institutional investors received 4.02 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 2.49 times. The Initial Public Offering (IPO) has a fresh issue of up to Rs 250 crore and an offer-for-sale (OFS) of up to Rs 250 crore. Price range for the offer has been fixed at Rs 745-785 per share. Anand Rathi Advisors Ltd and Equirus Capital Private Ltd are the book running lead managers to the offer. Unimech Aerospace is a high-precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, ..

Sanathan Textiles IPO day 3: Check subscription status, GMP, & other detail

In the grey market, the unlisted shares of Sanathan Textiles were trading at Rs 362 apiece, as per sources, commanding a grey market premium (GMP) of 12.77 per cent or Rs 41 per share

Solar91 Cleantech IPO to open on Dec 24; price band at Rs 185-195 per share

EPC solutions provider Solar91 Cleantech on Sunday said it has fixed a price band of Rs 185-195 per equity share for the Rs 106 crore initial share sale, which will hit markets on December 24. The initial public offering (IPO) will close on December 27. The bidding for anchor investors will open for a day on Monday, the company said in a statement. The shares of the company will be listed on the SME platform of BSE. At the upper end of the price band, the company is going to fetch around Rs 106 crore, it added. The proposed IPO is entirely a fresh issue of 54.36 lakh equity shares with a face value of Rs 10 each, according to the red herring prospectus. Proceeds from the IPO will be utilised to meet the expenses for investment in its subsidiary for the development of solar plants as an independent power producer (IPP), meet working capital requirements and cover general corporate purposes. "This IPO marks a new chapter for the company, empowering us to accelerate our growth, expan