Page 28 - Initial Public Offerings Ipos

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

Carraro India's IPO sees 22% subscription on second day of bidding

The initial public offering (IPO) of Carraro India Ltd was subscribed 22 per cent on the second day of share sale on Monday. The initial share sale received bids for 28,77,105 shares against 1,30,98,803 shares on offer, according to data available with the NSE. The category for retail individual investors (RIIs) got subscribed 35 per cent while the quota for non-institutional investors received 20 per cent subscription. Carraro India Ltd on Thursday said it has garnered Rs 375 crore from anchor investors. The issue, with a price band of Rs 668-704 per share, will conclude on December 24. Carraro India's IPO is completely an offer for sale (OFS) of shares worth Rs 1,250 crore by Carraro International SE, with no fresh issue component, according to the red herring prospectus. Since the entire issue is an OFS, all proceeds from the IPO will go directly to the selling shareholder, rather than the company. Founded in 1997, Carraro India, a subsidiary of Carraro S.p.A, began its ...

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, ..

Last Day! Concord Enviro IPO closes today: Subscription soars 7x, GMP up 7%

Concord Enviro has also received reviews from brokerages, including Bajaj Broking and SMIFS. Market analysts have recommended that investors subscribe to the public issue with a long-term perspective

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

Transrail Lighting IPO: NIIs fuel demand on Day 3; Check latest GMP

The subscription window to bid for the Transrail Lighting IPO closes today; check issue details, latest subscription data, GMP, and more

DAM Capital Advisors IPO Day 3; Check subscription status, GMP, key details

DAM Capital Advisors IPO has witnessed the highest demand among Non-Institutional Investors (NIIs), who have oversubscribed the category reserved for them by 11.49 times

Mamata Machinery IPO closes today; Subscription rises 37x, GMP up 107%

The subscription window to bid for the Mamata Machinery IPO closes today. Here are the key details of the IPO, including price band, lot size, subscription status, GMP, and allotment and listing dates

Unimech Aerospace IPO opens today: GMP up 61%; Should you subscribe?

Unlisted shares of Unimech Aerospace were trading at Rs 1,265 apiece, reflecting a grey market premium (GMP) of Rs 480 or 61.15 per cent against the upper end of the IPO price of Rs 785

Healthcare, pharma sectors raise Rs 14,811 crore via IPOs in 2024

Record fundraising surpasses the previous high of Rs 9,370 cr in 2023

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

Six issues fully subscribed today, IGI ends at 13% premium on listing day

Companies typically avoid December due to concerns about limited participation from foreign portfolio investors during the year-end holiday period

IPO Calendar: 14 public offerings to keep the investors busy next week

From opening to allotment and listing, here is the complete list of IPO activities set to keep investors busy next week

Sanathan Textiles IPO day 2: Check subscription status, GMP & other details

In the grey market, the unlisted shares of Sanathan Textiles were trading at Rs 391 apiece, as per sources, commanding a grey market premium (GMP) of 21.81 per cent or Rs 70 per share

Mamata Machinery IPO Day 2: Subscription soars 23x, GMP zooms 107%

Mamata Machinery shares were trading at Rs 503 apiece, reflecting a grey market premium (GMP) of Rs 260 or 107 per cent per share over the upper end of the IPO price band of Rs 243

Ventive Hospitality IPO opens; check GMP, recommendation and other details

Ventive Hospitality's public offering is available at a price band of Rs 610 to Rs 643 per share, with a lot size of 23 shares

Carraro India IPO opens today: Check GMP, price band; Should you subscribe?

Carraro India IPO opens today, December 20, 2024, and is set to close for subscription on December 24, 2024. Check issue size, price band, lot size, GMP, review, and other key details here

Senores Pharmaceuticals IPO opens today: GMP up 38%; Should you apply?

Senores Pharma IPO opens today, December 20, 2024, and closes for subscription on December 24, 2024. Check issue size, price band, lot size, GMP, reviews, and other key details here

Markets Today: US GDP; China LPR; FIIs; Senores & Carraro IPOs; IGI listing

Early indicators pointed to a subdued start, with GIFT Nifty Futures trading 84 points lower at 23,934 at 6:55 AM

Mamata Machinery IPO gets subscribed by 16.48 times on Day 1 of offer

The initial public offer of packaging machinery manufacturer Mamata Machinery Ltd got fully subscribed within minutes of opening for bidding on Thursday and finally ended with 16.48 times subscription. The initial share sale received bids for 8,53,20,334 shares against 51,78,227 shares on offer, translating into 16.48 times subscription, as per NSE data. The quota for Retail Individual Investors (RIIs) fetched 23.84 times subscription. The portion for non-institutional investors received 18.87 times subscription and the category for Qualified Institutional Buyers (QIBs) got subscribed 1.51 times. The Rs 179-crore IPO is open for public subscription from December 19-23 in the 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 ...