Page 28 - Initial Public Offering (ipo)

VFX company Identical Brains files draft IPO papers with NSE Emerge

VFX company Identical Brains Studios on Monday said it has filed preliminary IPO papers with NSE Emerge to raise funds through an initial public offering (IPO). The Mumbai-headquartered company's initial public offering comprises a fresh issuance of up to 36.94 lakh equity shares with a face value of Rs 10, through the book-building route, according to the draft red herring prospectus (DRHP). The firm plans to utilise the proceeds to fund the renovation of the existing office and studio in Andheri; establish Colour Grading Digital Intermediate and Sound Studio set-up at a new branch office in Andheri; establishment of the new branch office in Lucknow; purchase of computers, storage systems and software; further strengthen the existing facilities the company; support the company's incremental working capital requirements and for general corporate purposes. Identical Brains Studios offers a comprehensive suite of VFX services in a diverse range of projects such as films, web series, T

Ecos Mobility IPO gets subscribed over 64 times on offer's closing day

The initial share sale of chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality got subscribed 64.18 times on the closing day of bidding on Friday. The Rs 601 crore share sale received bids for 80,86,90,256 shares against 1,26,00,000 shares on offer, as per NSE data. The portion meant for Qualified Institutional Buyers (QIBs) received 136.85 times subscription while the portion for non-institutional investors got subscribed 71.17 times. The quota for Retail Individual Investors (RIIs) fetched 19.66 times subscription. The Initial Public Offer (IPO) of Ecos (India) Mobility & Hospitality got fully subscribed on the first day of bidding on Wednesday. The initial share sale was entirely an Offer For Sale (OFS) of up to 1,80,00,000 equity shares. The IPO has a price range of Rs 318-334 a share. Ecos (India) Mobility & Hospitality Ltd on Tuesday said it has raised Rs 180.36 crore from anchor investors. The Delhi-based company has been providing chauffeured car .

Tata shelves plans for IPO of media unit after buying out Temasek

Tata may seek a valuation of more than $1 billion for the entertainment business in any potential share sale

Ecos Mobility IPO gets subscribed 9.55 times on second day of offer

The initial public offer of chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality received 9.55 times subscription on the second day of bidding on Thursday. The Rs 601 crore initial share sale received bids for 12,03,58,964 shares against 1,26,00,000 shares on offer, as per NSE data. The portion for non-institutional investors garnered 23.47 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 8.99 times. The category for Qualified Institutional Buyers (QIBs) received 10 per cent subscription. The Initial Public Offer (IPO) of Ecos (India) Mobility & Hospitality got fully subscribed on the first day of bidding on Wednesday. The initial share sale is entirely an Offer For Sale (OFS) of up to 1,80,00,000 equity shares. The IPO has a price range of Rs 318-334 a share. Ecos (India) Mobility & Hospitality Ltd on Tuesday said it has raised Rs 180.36 crore from anchor investors. Since the public issue is entirely an OFS, the ...

Axis Bank to raise funds through infra bonds, may announce issue in Sept

The Indian government's strong capital expenditure push, with budget allocation at a record Rs 11.11 trillion ($132.40 billion), is prompting banks to raise funds

Ecos Mobility IPO fully subscribed on Day 1, ends with thrice subscription

The initial public offer of chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality got fully subscribed on the first day of bidding on Wednesday and ended the day with 3.36 times subscription. The Rs 601 crore initial share sale received bids for 4,22,82,284 shares against 1,26,00,000 shares on offer, as per NSE data. The category for non-institutional investors received 6.64 times subscription while the portion for Retail Individual Investors (RIIs) got subscribed 3.84 times. The Qualified Institutional Buyers (QIBs) part got subscribed 4 per cent. The Initial Public Offer (IPO) is entirely an Offer For Sale (OFS) of up to 1,80,00,000 equity shares. The IPO has a price range of Rs 318-334 a share. Ecos (India) Mobility & Hospitality Ltd on Tuesday said it has raised Rs 180.36 crore from anchor investors. Since the public issue is entirely an OFS, the Delhi-based firm will not receive any proceeds from the IPO and the money will go to promoters selling ...

Ecos Mobility IPO fully subscribed on Day 1, ends with thrice subscription

The initial public offer of chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality got fully subscribed on the first day of bidding on Wednesday and ended the day with 3.36 times subscription. The Rs 601 crore initial share sale received bids for 4,22,82,284 shares against 1,26,00,000 shares on offer, as per NSE data. The category for non-institutional investors received 6.64 times subscription while the portion for Retail Individual Investors (RIIs) got subscribed 3.84 times. The Qualified Institutional Buyers (QIBs) part got subscribed 4 per cent. The Initial Public Offer (IPO) is entirely an Offer For Sale (OFS) of up to 1,80,00,000 equity shares. The IPO has a price range of Rs 318-334 a share. Ecos (India) Mobility & Hospitality Ltd on Tuesday said it has raised Rs 180.36 crore from anchor investors. Since the public issue is entirely an OFS, the Delhi-based firm will not receive any proceeds from the IPO and the money will go to promoters selling ...

Resourceful Automobile's Rs 12 cr IPO oversubscribed by 419 times

The recent Rs 12 crore initial public offering of Resourceful Automobile, a Delhi-based company with just two outlets and a workforce of eight, has taken the market by storm with the issue receiving bids worth close to Rs 4,800 crore. Founded in 2018, Resourceful Automobile operates under the brand name Sawhney Automobile, dealing in Yamaha two-wheelers. It specialises in the sales and servicing of motorcycles and scooters. The company's IPO, which was open for subscription from August 22 to 26, saw an overwhelming response, with bids for 40.76 crore shares against the 9.76 lakh shares on offer translating into a subscription of 419 times on the third day of the bidding process, data showed. The SME IPO was subscribed 10.35 times on Day 1 and 74.13 times on Day 2. Overall, the non-institutional investor category subscribed 315.61 times, while retail investors showed even greater enthusiasm, subscribing 496.22 times. VK Vijayakumar, Chief Investment Strategist at Geojit Financial .

Resourceful Automobile's Rs 12 cr IPO oversubscribed by 419 times

The recent Rs 12 crore initial public offering of Resourceful Automobile, a Delhi-based company with just two outlets and a workforce of eight, has taken the market by storm with the issue receiving bids worth close to Rs 4,800 crore. Founded in 2018, Resourceful Automobile operates under the brand name Sawhney Automobile, dealing in Yamaha two-wheelers. It specialises in the sales and servicing of motorcycles and scooters. The company's IPO, which was open for subscription from August 22 to 26, saw an overwhelming response, with bids for 40.76 crore shares against the 9.76 lakh shares on offer translating into a subscription of 419 times on the third day of the bidding process, data showed. The SME IPO was subscribed 10.35 times on Day 1 and 74.13 times on Day 2. Overall, the non-institutional investor category subscribed 315.61 times, while retail investors showed even greater enthusiasm, subscribing 496.22 times. VK Vijayakumar, Chief Investment Strategist at Geojit Financial .

Premier Energies collects Rs 846 cr from anchor investors ahead of IPO

The company has allocated 1.88 crore equity shares to 60 funds at Rs 450 apiece, aggregating the transaction size to Rs 846.11 crore

20 years since listing: TCS gives 77.5% cash returns to investors

In 2004, TCS made history with the first $1 billion initial public offering (IPO) by a private-sector company in India. Tata Sons diluted 14 per cent of its equity shares

Jeyyam Global Foods' IPO to be out on Sept 2, seeks to raise Rs 80-82 cr

Jeyyam Global Foods Ltd, manufacturers and involved in processing and supply of Bengal gram (Channa), fried gram, would come out with their Initial Public Offering on September 2 as it plans to raise Rs 80-Rs 82 crore to fuel its expansion plans, an official said on Saturday. The city-headquartered company would utilise the funds to be raised for its foray into business to consumer (B2C) segments, capital expenditure besides, widening product portfolio, Shrreyans Mehta, a member of the Group said here. "We have identified 99 clusters across India to procure the fried gram, polished channa and we will be doing the cleaning and grading at the place of procurement..We will also be launching soya chunks and vermicelli," he told reporters on their future plans. From the funds to be raised, he said, the company would set up three manufacturing units, one each in Latur, and Nanded in Maharashtra and the third facility at Indore, Madhya Pradesh. "We will be scaling up the production of fr

Pune based Carraro India files draft papers with Sebi for Rs 1,812 cr IPO

Carraro India Ltd, manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Saturday filed draft papers with markets regulator for Sebi for its Rs 1,812-crore initial public offering (IPO). The Pune-based company's initial share-sale is completely an Offer-For-Sale (OFS) by Carraro International S.E, according to the draft red herring prospectus (DRHP). Since the entire issue is an OFS, all the proceeds from the IPO will go directly to the selling shareholder, rather than to the company. Founded in 1997, Carraro India, a subsidiary of Carraro S.p.A, began its manufacturing journey with transmission systems in 1999 and axles in 2000. The company started its operations using IP rights licensed from other entities within the Carraro Group and specializes in complex engineering products and solutions for original equipment manufacturer (OEM) customers. It serves as an independent tier 1 provider, concentrating on axles and ...

Aeron Composite fixes price band at Rs 121-125 a share for Rs 56 cr IPO

Aeron Composite Ltd on Saturday said it has fixed the price band at Rs 121-125 per share for its SME initial public offering which will open for subscription on August 28. The company plans to raise up to Rs 56.10 crore from its SME public issue, Aeron Composite said in a statement. The company has received approval to launch its public issue on NSE Emerge Platform of the National Stock Exchange, it added. The public issue will conclude on August 30. Investors can bid for a minimum of 1,000 shares and in multiples thereof. The IPO is entirely a fresh issue of 44.88 lakh equity shares of face value Rs 10 each. Retail investor quota for the initial public offering (IPO) is kept at not less than 35 per cent of the net offer, Non institutional investor quota is kept at not less than 15 per cent of the offer and QIB portion is kept at not more than 50 per cent of the offer. The company has proposed to utilise IPO proceeds for funding the capital expenditure requirements towards settin

Interarch Building Products IPO gets subscribed to 93.46 times on last day

The initial public offer of construction solutions provider Interarch Building Products got subscribed a whopping 93.46 times on the last day of subscription on Wednesday. The Rs 600-crore initial share sale received bids for 43,87,96,464 shares against 46,91,585 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) received 205.41 times subscription while the quota for Non-Institutional Investors fetched 128.42 times subscription. The Retail Individual Investors (RIIs) part got subscribed 19.11 times. The initial public offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 44,47,630 equity shares. The price range for the offer is fixed at Rs 850-900 per share. The IPO of Interarch Building Products was fully subscribed on the first day of subscription on Monday. The initial share sale will conclude on August 21. Proceeds from the fresh issue will be used for capital expenditures, system upgrades and general corporat

Unimech Aerospace Ltd files draft papers with Sebi for Rs 500 cr IPO

Unimech Aerospace and Manufacturing Ltd has filed draft papers with capital markets regulator Sebi to float a Rs 500-crore initial public offering (IPO). The Bengaluru-based company's IPO comprises fresh issue of equity shares worth Rs 250 crore and an offer of sale (OFS) of up to Rs 250 crore by promoter and the promoter group, as per the draft red herring prospectus (DRHP). The offer also includes a reservation for a subscription by eligible employees. Funds raised from the fresh issue to will be used for expansion through the purchase of machineries and equipment, funding working capital requirements, investment in its material subsidiary, payment of debt and general corporate purposes. Unimech Aerospace is a high precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, defence, energy, and semiconductor industries. The company has recently raised Rs 250 crore from investors, including Steadview Capital Mauritius Ltd, ValueQuest

JSW Cement plans to double capacity, acquire assets through IBC route

Most of the JSW group businesses are closely linked to each other, particularly to steel business. Among its risk factors, JSW Cement's documents noted its dependence on JSW Steel and its subsidiary

Interarch Building Products IPO gets fully subscribed on Day 1 of offer

The initial public offer of construction solutions provider Interarch Building Products got fully subscribed on the first day of subscription on Monday. The Rs 600 crore initial share sale received bids for 1,49,85,152 shares against 46,91,585 shares on offer, translating into 3.19 times subscription, as per NSE data. The portion for non-institutional investors fetched 7.85 times subscription, while the category for Retail Individual Investors (RIIs) got subscribed 2.75 times. The quota for Qualified Institutional Buyers (QIBs) received 27 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 44,47,630 equity shares. The price range for the offer is Rs 850-900 per share. The initial share sale will conclude on August 21. Proceeds from the fresh issue will be used for capital expenditures, system upgrades and general corporate purposes. Interarch Building Products is one of the leading turnkey pre-engineered s

KRN Heat to float initial share sale in Sep, collects Rs 9.54 cr in pre-IPO

KRN Heat Exchanger and Refrigeration Ltd is likely to come out with its initial share sale next month, and funds will be used for expansion plans, market sources said on Sunday. On Saturday, the company announced raising Rs 9.54 crore by a pre-IPO (initial public offering) placement round. The Rajasthan-based company manufactures fin and tube-type heat exchangers for the heat ventilation air-conditioning and refrigeration industry. The company's entire manufacturing operations are undertaken at its consolidated manufacturing facility comprising two industrial plots located in the RIICO Industrial Area, Neemrana, Rajasthan. KRN Heat Exchanger's initial paper was filed in January 2024, comprising entirely a fresh issue of 1.93 crore equity shares with no OFS component. Later, the company filed the papers in late March with a revised issue size. Going by the draft papers filed in March, the company's proposed IPO involved a fresh issue of size of 1.6 crore equity shares. Market sou

KRN Heat to float initial share sale in Sep, collects Rs 9.54 cr in pre-IPO

KRN Heat Exchanger and Refrigeration Ltd is likely to come out with its initial share sale next month, and funds will be used for expansion plans, market sources said on Sunday. On Saturday, the company announced raising Rs 9.54 crore by a pre-IPO (initial public offering) placement round. The Rajasthan-based company manufactures fin and tube-type heat exchangers for the heat ventilation air-conditioning and refrigeration industry. The company's entire manufacturing operations are undertaken at its consolidated manufacturing facility comprising two industrial plots located in the RIICO Industrial Area, Neemrana, Rajasthan. KRN Heat Exchanger's initial paper was filed in January 2024, comprising entirely a fresh issue of 1.93 crore equity shares with no OFS component. Later, the company filed the papers in late March with a revised issue size. Going by the draft papers filed in March, the company's proposed IPO involved a fresh issue of size of 1.6 crore equity shares. Market sou