Page 33 - Initial Public Offerings Ipos

C2C Advanced Systems IPO sees strong demand; 9x subscribed, GMP zooms 108%

C2C Advanced Systems unlisted shares were trading at a premium of Rs 245 against the upper price band of Rs 226, reflecting a GMP of 108.41 per cent

NTPC Green IPO crosses halfway mark on Day 2: GMP stays green; Subscribe?

NTPC Green Energy IPO has seen the highest demand from retail investors, with their reserved portion oversubscribed by 1.99 times

Upcoming IPO: Education services provider Crizac files DRHP with Sebi

The Crizac IPO comprises an entirely offer-for-sale of the company's shares with a face value of Rs 2 per equity share, aggregating up to Rs 1,000 crore

Auto component maker Belrise Industries files for Rs 2,150 crore IPO

Automotive component maker Belrise Industries has filed preliminary papers with capital markets regulator Sebi to raise Rs 2,150 crore through an initial public offering (IPO). The IPO is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). The company may consider raising up to Rs 430 crore through a pre-IPO placement. If this is carried out, the issue size will be reduced. As per the draft papers filed on Tuesday, the company intends to utilise proceeds worth Rs 1,618 crore for payment of debt. The company has a borrowing of Rs 2,463 crore in its books as of June 2024. Belrise Industries is an automotive component manufacturing company based in India offering a diverse range of safety critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agri-vehicles. As of June 2024, it marketed its products both domestically and internationally,

Why BlackBuck IPO listing rescheduled for November 22: Key reason revealed

Zinka Logistics Solutions IPO listing: the company's shares were scheduled to list today, November 21, 2024, as mentioned in the Red Herring Prospectus filed with the Sebi

OfBusiness hires Axis, JPMorgan, Citi among other banks for 2025 Indian IPO

OfBusiness aims to seek approval for the IPO from India's market regulator between March and June

NTPC Green Energy IPO subscribed 33% on Day 1; retail portion fully booked

The initial public offer of NTPC Green Energy Ltd, the renewable energy arm of NTPC, got subscribed 33 per cent on the first day of share sale on Tuesday. The share sale received bids for 19,46,53,968 shares against 59,31,67,575 shares on offer, according to data available with the NSE. The portion for Retail Individual Investors (RIIs) fetched 1.33 times subscription while the category for non-institutional investors got subscribed 15 per cent. NTPC Green Energy has mobilised Rs 3,960 crore from anchor investors. The Rs 10,000-crore initial share sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component. The issue, with a price band of Rs 102-108 per share, will be available for public subscription from November 19 to 22. Proceeds from the IPO to the tune of Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans and a portion will be utilised for general corporate purposes.

C2C Advanced Systems IPO zooms 100% ahead of launch; key details from RHP

As the IPO approaches, here are the key highlights from the C2C Advanced Systems' RHP that every investor should know

NTPC Green Energy IPO: Retail Investors show strong interest on opening day

The retail investor portion of NTPC Green Energy IPO was fully subscribed at 1.01 times, showcasing strong demand from individual investors

Lenskart's valuation could rise 20% to $6 billion in new share sale

Existing investors like Fidelity, Kedaara Capital, are among the parties looking to increase their stakes in the initial public offering-bound company

NTPC Green Energy IPO opens today: GMP remains positive; Should you apply?

The subscription window for the NTPC Green Energy IPO opens today, November 19, 2024, and will conclude on Friday, November 22, 2024. Here's what market analysts have to say about the public offering

BlackBuck IPO allotment today: Check status, GMP, likely listing price

Once the allotment is finalised, investors can check the status by visiting the official websites of BSE, NSE, or KFin Technologies, the registrar for the issue

Analysts bullish on NTPC Green Energy IPO; eye long-term potential

NTPC Green Energy's IPO opens for public subscription from Tuesday, November 19, 2024, to Friday, November 22, 2024. Brokerages have weighed in on the offering, with recommendations as follows

Enviro Infra Engineers IPO opens on Nov 22: Check GMP & other key details

As the IPO approaches, here are the key highlights from the Enviro Infra Engineers' RHP that every investor should know

Enviro Infra Engineers IPO to open on November 22; eyes Rs 650 crore

Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage systems, on Monday fixed a price band of Rs 140-148 per share for its Rs 650 crore Initial Public Offering (IPO). The initial share sale will open for public subscription on November 22 and conclude on November 26. The bidding for anchor investors will open for a day on November 21, the company announced. The city-based company's proposed IPO is a combination of a fresh issue of 3.87 crore equity shares and an Offer For Sale (OFS) component of 52.68 lakh shares by promoters. Currently, promoters hold over 93 per cent stake in Enviro Infra Engineers. At the higher end of the price band, the IPO is valued at Rs 650 crore, placing the company's market capitalization at approximately Rs 2,600 crore. Proceeds from the fresh issue to the tune of Rs 181 crore will be used to meet the working capital requirements, Rs 100 crore will be used for payment of debt, Rs 30 cro

Final Hours! BlackBuck IPO closes today: GMP remains flat; Should you bid?

BlackBuck IPO, which opened for public subscription on Wednesday, November 13, 2024, has garnered a lukewarm response from investors thus far

NTPC Green IPO: Does applying in shareholder quota boost allotment chance?

NTPC Green Energy has reserved 10 per cent of its IPO specifically for existing NTPC shareholders, sparking interest in whether applying through this shareholder quota might improve allotment chances

BlackBuck IPO Day 2: Subscription zooms 2x, GMP holds flat; should you bid?

Anand Rathi Research Team and Bajaj Broking recommend bidding for the BlackBuck IPO from a long-term perspective. In contrast, Swastika Investmart has assigned a Neutral rating to the public offering

NTPC Green Energy IPO: GMP intact ahead of opening; top details from RHP

Before the NTPC Green Energy IPO opens for public subscription, here are the key insights from the company's Red Herring Prospectus (RHP) filed with the Securities and Exchange Board of India (Sebi)

BlackBuck IPO opens today: GMP turns flat; should you subscribe or wait?

The three-day subscription window to bid for the BlackBuck IPO, which is set to open today, is expected to conclude on Monday, November 18, 2024