Page 38 - Initial Public Offerings Ipos

Waaree Energies IPO allotment today; check status, GMP & likely gains

Once the allotment of the Waaree Energies IPO shares is finalised, investors can check their status on the official websites of BSE, NSE, or Link Intime

Deepak Builders' IPO gets subscribed 41.54 times on last day of offer

The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd received 41.54 times subscription on the last day of the share sale on Wednesday. The Rs 260 crore share sale got bids for 37,24,76,076 shares against 89,67,061 shares on offer, according to an update on the NSE. The non-institutional investors part fetched 82.47 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 39.79 times. The portion for Qualified Institutional Buyers (QIBs) attracted 13.91 times subscription. The Initial Public Offer (IPO) of Deepak Builders & Engineers India Ltd received 4.12 times subscription on the first day of the share sale on Monday. The IPO has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares. The price range for the offer is fixed at Rs 192-203 per share. Fedex Securities Private Ltd is the book-running lead manager to the offer.

Godavari Biorefineries IPO gets subscribed 27% on first day of bidding

The initial public offer of ethanol and bio-based chemicals maker Godavari Biorefineries Ltd got subscribed 27 per cent on the first day of bidding on Wednesday. The initial share sale received bids for 30,45,042 shares, as against 1,12,74,739 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) received 48 per cent subscription, while the portion meant for non-institutional investors got subscribed 12 per cent. Godavari Biorefineries Ltd on Tuesday said it has raised over Rs 166 crore from anchor investors. The initial share sale is a combination of fresh issue of equity shares worth Rs 325 crore and an Offer-for-Sale (OFS) of 65.27 lakh equity shares valued Rs 230 crore, at the upper-end of the price band, by promoters and an investor. This translates into the total IPO size of Rs 555 crore. Private equity firm Mandala Capital AG Ltd is offloading 49.27 lakh shares through the OFS route. Price range for the offer is Rs 334 to Rs 352 per ...

Deepak Builders IPO closes today: 30% GMP spike; is it worth investing?

Deepak Builders IPO has so far received strong demand from investors, with bids for 13,57,18,169 shares against 89,67,061 shares offered, resulting in an oversubscription of 15.14 times

Final Hours! Waaree Energies IPO closes today: GMP up 91%; should you bid?

The unlisted shares of Waaree Energies continue to command a solid premium in the grey market, reflecting favourable market sentiments for the public issue

Godavari Biorefineries IPO opens today: Key details, GMP, & brokerage views

Godavari Biorefineries IPO is available at a price band of Rs 334-352, and a lot size of 42 shares. Accordingly, the investors can bid for a minimum of 42 shares and multiples thereof

Waaree Energies IPO Day 2: GMP up 100%, subscription soars 5x; invest now?

The unlisted shares of Waaree Energies continue to command a solid premium in the grey market, reflecting favorable market sentiments for the public issue.

Hyundai Motor India's shares decline 6% in debut after record IPO

The debut may set the tone for a string of other billion-dollar-plus deals coming to the market in India

IPOs in Samvat 2080: Rs 1.08trn raised; will Samvat 2081 keep frenzy alive?

Market analysts remain optimistic about the outlook for the Indian markets in Samvat 2081. In this backdrop, they expect more companies to test the markets in search for funds via the IPO route

Hyundai Motor India IPO GMP recoups before listing: What should you expect?

Shares of Hyundai Motor India are expected to make their debut on the bourses on October 22, 2024. Here's what the GMP trends suggest about the listing

Deepak Builders IPO receives 4.12 times subscription on 1st day of offer

The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd received 4.12 times subscription on the first day of subscription on Monday. The Rs 260 crore initial public offer received bids for 3,69,59,389 shares against 89,67,061 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) fetched 6.12 times subscription while the category for non-institutional investors got subscribed 4.26 times. The Qualified Institutional Buyers (QIBs) part attracted 52 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares. Price range for the offer is fixed at Rs 192-203 per share. Fedex Securities Private Ltd is the book running lead manager to the offer.

Prosus targets $400 mn e-commerce profit in 2025, more IPOs in India

Prosus, majority-owned by South Africa's Naspers, is a major shareholder in Indian food delivery firm Swiggy, which is preparing for what could be one of India's biggest IPOs this year

Niva Bupa Health Insurance, Paras Healthcare get Sebi's nod to float IPOs

Health insurer Niva Bupa Health Insurance Company Ltd and Paras Healthcare Ltd, which runs the hospital chain under the 'Paras Health' brand, have received Sebi's go ahead to raise funds through Initial Public Offerings (IPOs), an update with the markets regulator showed on Monday. Niva Bupa Health Insurance Company is looking to garner Rs 3,000 crore through an initial share sale involving fresh issuance of equity shares and Offer for Sale (OFS) component. Paras Healthcare is aiming to raise Rs 400 crore through fresh issuance of equity shares, besides there is an OFS component. The two companies, which filed their draft IPO papers with the Securities and Exchange Board of India (Sebi) during July-August, obtained its observations on October 18, the update showed. In Sebi's parlance, obtaining observation means its go ahead to float the public issues. The equity shares of both companies proposed to be listed on the BSE and NSE. Going by the draft papers, the proposed IPO of Niva

UAE supermarket chain Lulu to offer 25% stake in IPO, list on Adx

Lulu plans to offer more than 2.582 billion shares in the IPO, which will run from Oct. 28 to Nov. 5

Brokerages bullish on Waaree Energies IPO: GMP up 100%; should you bid?

The unlisted shares of Waaree Energies are trading at a premium of Rs 1,510, or 100.47 per cent, over the upper price band in the grey markets, reflecting favourable sentiment for the public issue

Market Today: Q2 nos., China lowers lending rates, S&P 500 & Dow at record

China lowered its key benchmark lending rates by 25 basis points in the monthly fixing. The People's Bank of China (PBOC) reduced the 1-year loan prime rate (LPR) to 3.1% and the 5-year LPR to 3.6%

SMPP files draft red herring prospectus with Sebi, eyes Rs 4,000 cr via IPO

Defence equipment manufacturer SMPP Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 4,000 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 580 crore and an offer for sale (OFS) of equity shares worth up to Rs 3,420 crore by promoter Shiv Chand Kansal, according to the draft red herring prospectus (DRHP) filed on Friday. At present, Kansal holds 50 per cent stake in the company. The company may consider a pre-IPO placement of securities valued at Rs 116 crore. If such placement is carried out, the fresh issue size will be reduced. Proceeds from the fresh issue will be utilised primarily for capital expenditure of Rs 437.04 crore, which includes constructing buildings, land development, and procuring plant and machinery for a planned ammunition manufacturing facility through investment in a subsidiary. The remaining amount will be allocated for general corporate purposes. SMPP is a

Vishal Mega Mart files updated draft IPO papers with Sebi, eyes Rs 8,000 cr

The proposed IPO will be entirely an offer-for-sale (OFS) of shares by promoter Samayat Services LLP, with no fresh issue of equity shares

Market Today: Infy, Axis Bank Q2 results; Dow at record; Hyundai India IPO

At 6:30 AM, GIFT Nifty Futures were trading about 14 points higher at 25,069, suggesting a flat to positive start for Indian markets.

Waaree Energies IPO GMP tops 85% ahead of opening; details for investors

Waaree Energies IPO will open for public subscription on Monday, October 21, 2024, and conclude on October 23, 2024