Initial Public Offerings Ipos

Garuda Construction IPO gets subscribed 7.55 times on final day of offer

The initial public offering (IPO) of Garuda Construction and Engineering has received 7.55 times on the final day of the share sale on Thursday. The initial share sale received bids for 15,03,44,299 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The category meant for Retail Individual Investors (RIIs) got subscribed 10.81 times while the quota for non-institutional investors received 9.03 times subscription. The portion for Qualified Institutional Buyers (QIBs) garnered 1.24 times subscription. Garuda Construction and Engineering on Monday said it has raised Rs 75 crore from anchor investors. It has fixed a price band of Rs 92-95 per share for its IPO. The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the upper end of the price band. Proceeds from its fresh issuance to the extent of Rs 100 crore will be u

Hyundai Motor India's mega IPO: Will this be a Diwali bonanza for Seoul?

Despite contributing only 6.5 per cent of global revenues and 8 per cent of profitability, Hyundai's India unit will be valued at 42 per cent of the parent company's market capitalisation upon listing

Garuda Construction IPO ends today: GMP falls flat; should you bid?

The three-day subscription window to bid for the Garuda Construction IPO, which has been oversubscribed 4.10 times, concludes today

Physics Wallah in talks with investment bankers, preps for public listing

Edtech company closed a funding round of $210 mn last month, increased valuation to $2.8 bn

Garuda Construction IPO gets subscribed 4.1 times on 2nd day of offer

The initial public offer of Garuda Construction and Engineering got subscribed 4.10 times on the second day of share sale on Wednesday. The initial share sale received bids for 8,16,77,366 shares against 1,99,04,862 shares on offer, according to data available with the NSE. The portion meant for Retail Individual Investors (RIIs) got subscribed 6.73 times while the quota for non-institutional investors received 2.58 times subscription. The category for Qualified Institutional Buyers (QIBs) fetched 91 per cent subscription. Garuda Construction and Engineering on Monday said it has raised Rs 75 crore from anchor investors. The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering. The initial share sale will conclude on Thursday. The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the upper end of the pri

Hyundai Motor India to launch $3 bn IPO on Oct 15, know its operations

Hyundai aims to reach production of about 1 million units a year with the acquisition of a former General Motors plant in western Maharashtra state

IPO lock-in exit wave: Bharti Hexacom, Bajaj Housing, DOMS, among others

Here is the list of the companies that will see the end of the lock-in period in the upcoming days, along with their key details

Garuda Construction IPO Day 2: GMP shows slight uptick; Should you invest?

The three-day subscription window to bid for the Garuda Construction IPO will conclude on Thursday, October 10, 2024

Partners Group-backed KinderCare prices US IPO in range to raise $576 mn

Oregon-based KinderCare, one of the largest providers of early childhood education centers in the US, operates more than 1,500 centers with a capacity of more than 200,000 children

Hyundai India to open $3 billion IPO at Rs 1,865-1,960 price band: Report

The $3 billion IPO will open for subscriptions for big institutional investors on Oct 14, and invite bids from retail and other categories during Oct 15-17

Zinka Logistics gets Sebi nod for Rs 550-cr IPO; key details for investors

Through the IPO, Zinka Logistics is offering a fresh issue of shares of up to Rs 550 crore and an offer for sale of up to 21.61 million equity shares, with a face value of Re 1 apiece

Garuda Construction IPO opens: GMP rises marginally; should you subscribe?

Garuda Construction has succeeded in garnering reviews from several brokerages including Anand Rathi Research, SMIFS, and Arihant Capital Markets for its IPO

Garuda Construction IPO: 23% GMP, Rs 1,400-cr order book; should you bid?

The public issue comprises a fresh issue of 18,300,000 shares and an offer for sale of 9,500,000 shares with a face value of Rs 5 each

Diwali delight: Hyundai Motor India IPO to spark investor interest; details

The Hyundai Motor India IPO will mark the first time in two decades that a carmaker has gone public in India, following Maruti Suzuki's listing in 2003

Garuda Construction and Engineering's Rs 264 crore IPO to open on Oct 8

Garuda Construction and Engineering Ltd on Thursday said it has fixed a price band of Rs 92-95 per share for its Rs 264-crore Initial Public Offering (IPO). The initial share sale will open for public subscription on October 8 and conclude on October 10, the Mumbai-based company announced. The IPO is a mix of fresh issue of 1.83 crore equity shares and an Offer For Sale (OFS) of 95 lakh equity shares by promoter PKH Ventures. The IPO size has been pegged at Rs 264 crore at the upper end of the price band. Proceeds from its fresh issuance to the extent of Rs 100 crore will be utilised for working capital requirements; and balance towards general corporate purposes including unidentified inorganic acquisitions. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Investors can bid for a minimum of 157 equity shares and in multiples of 157 equity shares thereafter

Rahee Infratech files IPO papers with Sebi, aims to raise Rs 420 crore

Rahee Infratech Ltd, an integrated railway civil engineering, manufacturing and construction firm, has filed preliminary papers with markets regulator Sebi for raising funds through an Initial Public Offering (IPO), comprising Rs 420 crore through fresh issuance of shares. Apart from fresh issues, the offer will have an Offer For Sale (OFS) component of 27.8 lakh equity shares by its promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. The Kolkata-based company may also consider raising Rs 84 crore in a pre-IPO placement round. If such placement is carried out, the fresh issue size will be reduced. Proceeds from the fresh issue to the extent of Rs 50 crore will be utilised for the purchase of machinery, equipment and vehicles; Rs 280 crore for funding the working capital requirements of the company and the rest for general corporate purposes. Rahee Infratech is focused on providing manufacturing and construction services including the design, supply, ..

Vikram Solar files draft papers to raise Rs 1,500 crore through IPO

Solar module maker Vikram Solar on Tuesday said it has filed draft papers with market regulator Sebi seeking permission to raise Rs 1,500 crore through an initial public offering (IPO). The initial share sale will include fresh issues of equities worth up to Rs 1,500 crore and an offer for sale (OFS) of up to 17.45 million shares by its promoter group, the Kolkata-based firm said. The issue at a face value of Rs 10 each will include a fixed quota for eligible employees, alongside a discount for those participating in the employee subscription portion, according to the draft red herring prospectus (DRHP) filed by the company. Besides, the company may also consider issuing specified securities up to Rs 300 crore as a "pre-IPO placement", it said. Of the total issue size, up to 50 per cent of shares will be allocated to qualified institutional buyers, 15 per cent to non-institutional bidders, and the remaining 35 per cent will be open for retail subscriptions by individual investors.

IPO Alert! Ashish Kacholia backed Vikran Engineering files DRHP with Sebi

The public issue of Vikran Engineering comprises a fresh issue of shares up to Rs 900 crore and an offer for sale (OFS) with promoter Rakesh Ashok Markhedkar offloading shares of up to Rs 100 crore

Upcoming IPO! Black galaxy granite player, Midwest files DRHP with Sebi

With the IPO, Midwest is offering a fresh issue of shares up to Rs 250 crore and an offer for sale (OFS) of up to Rs 400 crore

KRN Heat Exchanger IPO: Investors eye 2x listing returns; check GMP trend

KRN Heat Exchanger IPO shares are expected to make their market debut on Thursday, October 3, 2024. Here's what the grey market premium (GMP) trends indicate about listing