Page 41 - Initial Public Offerings Ipos

Diffusion Engineers IPO opens today: GMP up 48%; is it worth your money?

The unlisted shares of Diffusion Engineers were trading at a premium of Rs 80, or 48 per cent against the upper end of the IPO price, reflecting positive market sentiments for the public issue

Manba Finance IPO allotment today: Check status, GMP, likely listing price

Once the allotment is finalized, investors can check the allotment status of the Manba Finance IPO by visiting the official websites of either BSE, NSE, or Link Intime

Stock Market Today: Nifty expiry, Israel conflict & Kalana Ispat IPO debut

The uptrend was signalled by GIFT Nifty futures that were trading about 50 points higher than Nifty futures' last close, at 26,047.50, around 7:30 AM.

India's top bourse is said to have doubled in value amid IPO hopes

While one of the people said NSE is working toward completing documentation for an IPO by early next year, the potential listing could still take longer

M&B Engineering files draft papers with Sebi for Rs 653 crore IPO

M&B Engineering Ltd on Wednesday filed draft papers with capital markets regulator Sebi to mobilise Rs 653 crore through an initial public offering (IPO). The proposed IPO is a mix of fresh issue of equity shares worth Rs 325 crore and an offer for sale (OFS) of Rs 328 crore by promoters, according to the draft red herring prospectus (DRHP). At present, promoters hold 100 per cent stake in the company. Proceeds from the fresh issue to the extent of Rs 63.9 crore will be used for purchasing equipment and machinery for the company's manufacturing facilities, Rs 60 crore for payment of debt, Rs 110 crore to meet the company's working capital requirements and the remaining funds will be allocated towards general corporate purposes. The Gujarat-based company's total borrowings stood at Rs 204.84 crore as of March 2024, the draft papers showed. M&B Engineering is one of the country's leading Pre-Engineered Buildings (PEB) and Self-Supported Roofing providers in terms of installed ...

Final Hours! Manba Finance IPO closes today: GMP up 48%; should you apply?

Several brokerage firms, including Swastika Investmart, SMIFS, and BP Equities, have shared their reviews on Manba Finance IPO for the investors

KRN Heat Exchanger IPO GMP zooms 108% on opening day: should you subscribe?

KRN Heat Exchanger's shares are commanding a premium of Rs 239, which translates to a GMP of 108 per cent, against the upper end of the IPO price of Rs 220

Manba Finance IPO subscribed 73.18 times on Day 2 amid heavy demand

The initial public offer of Manba Finance Ltd got subscribed 73.18 times on the second day of share sale on Tuesday. The Rs 151-crore initial share sale received bids for 64,39,20,375 shares against 87,99,000 shares on offer, as per NSE data. The portion for non-institutional investors got subscribed 172.23 times while the category for Retail Individual Investors (RIIs) attracted 70.18 times subscription. The quota for Qualified Institutional Buyers (QIBs) garnered 4.15 times subscription. The initial public offer of Manba Finance Ltd received 23.67 times subscription on the first day of bidding on Monday. The initial public offer (IPO) has a fresh issue of up to 1,25,70,000 equity shares. The price range for the offer is Rs 114-120 per share. The IPO will conclude on September 25. Proceeds from the issues will be utilised to augment the capital base to meet the company's future capital requirements towards onward lending and for general corporate purposes. Hem Securities is the

Casagrand Premier Builder files papers with Sebi for Rs 1,100-cr IPO

Real estate developer Casagrand Premier Builder has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,100 crore through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 1,000 crore and an offer for sale (OFS) of stocks valued Rs 100 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS consists of the sale of equity shares up to Rs 50 crore each by Arun MN and Casagrand Luxor Pvt Ltd. Besides, the company may consider raising up to Rs 200 crore in a pre-IPO placement round. If such placement is carried out, the fresh issue size will be reduced. Going by the draft papers filed last week, proceeds from the fresh issue will be used for payment of debt availed of by the company and its subsidiaries as well as for general corporate purposes. Founded in 2003, the Chennai-based company offers a diverse range of residential projects, including apartments of various sizes and independe

Upcoming IPO! Casagrand Premier files DRHP for Rs 1,100-cr issue with Sebi

KFin Technologies is the registrar to the offer, while JM Financial and Motilal Oswal Investment Advisors are the book-running lead managers to the issue

Northern Arc IPO listing buzz: GMP resurges 55%; check likely listing price

Northern Arc Capital shares are poised for their market debut tomorrow. Here's what GMP trends indicate about the listing prospects

Arkade Developers IPO: 50% listing gain on cards? Check GMP, expected price

Arkade Developers shares are expected to make their market debut with listing on the BSE, and NSE tomorrow; here's what GMP hints about listing

Manba Finance IPO opens today: GMP up 50%; should you subscribe?

Manba Finance unlisted shares were trading at a premium of Rs 60 in the grey market, reflecting a 50 per cent gain over the IPO's upper end price of Rs 120, underscoring positive investor sentiment

Paramount Speciality Forgings IPO subscribed nearly 69 times on last day

The initial public offer of Paramount Speciality Forgings got subscribed by 68.7 times on the last day of subscription on Friday. The Rs 32.34-crore public offer of Paramount Speciality Forgings received bids for 26,96,40,000 shares, as against 39,22,000 shares, according to the NSE SME data. The category for Non Institutional Investors received 220.54 times subscription, while the Retail Individual Investors (RIIs) portion garnered 41.29 times subscription. The Qualified Institutional Buyers quota was subscribed 20.87 times. The initial public offering (IPO) of Paramount Speciality Forgings comprises a fresh issue of 48.02 lakh equity shares and an Offer-for-Sale (OFS) of up to 6.8 lakh shares by promoters. As part of the OFS, Aliasgar Roshan Hararwala, Aliasgar Abdulla Bhagat, Mohammed Salim Hararwala, Abdulla Aliasgar Bhagat, Hoozefa Saleem Hararwala, Abbasali Salim Hararwala, Zahid Mohamadi Hararwala and Roshan Alihusain Hararwala have offloaded their shares. The Mumbai-based

September set to be busiest month for IPOs in 14 years: RBI Bulletin

The month of September is set to be the busiest month for IPOs in both mainboard and SME segments in the last 14 years, with over 28 companies entering the market so far, said the Reserve Bank's latest Bulletin released on Friday. Financial markets are undergoing shifts, said the article on the state of economy published in the RBI's September Bulletin. "In the primary equity market, there is a surge of interest in small and medium enterprises (SMEs) initial public offerings (IPOs), including from domestic mutual funds, with massive oversubscriptions," it said. Citing a study by market regulator SEBI, the article further said 54 per cent of IPO shares allotted to investors were sold within a week of listing. "September is set to be the busiest month for IPOs... in 14 years," the article said, adding that over 28 companies entered the market so far in both mainboard and SME platforms. The article said resource mobilisation through initial public offerings (IPOs) has remained robust

HDFC unit HDB Financial Services approves raising Rs 2,500 cr via IPO

HDB Financial's listing follows the country's central bank norms introduced in 2022, which required large non-banking financial companies (NBFC) to be listed on stock exchanges by September 2025

IPO allotment today: Check status for Arkade Developers, Western Carriers

Allotment of initial public offerings (IPOs) of Arkade Developers and Western Carriers (India) is likely to be finalised today. Here's how you can check the allotment status of these IPOs online

Northern Arc Capital IPO allotment: Check status, GMP, likely listing gains

Once the allotment is finalised, investors can check the allotment status of Northern Arc Capital IPO by visiting the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue

Northern Arc Capital IPO subscribed 110.71 times on offer's closing day

The initial public offering (IPO) of non-banking financial institution Northern Arc Capital Ltd received 110.71 times subscription on the closing day of the share sale on Thursday. The Rs 777-crore share sale received bids for 2,37,79,44,639 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for Qualified Institutional Buyers (QIBs) got subscribed 240.79 times, while non-institutional investors subscribed the offer 142.28 times. The category for retail individual investors (RIIs) fetched 30.74 times subscription. Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors. The Rs 777-crore IPO of the Chennai-based company has a price range of Rs 249-263 per share. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an offer for sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 ...

Arkade Developers IPO gets subscribed 106.40 times on offer's last day

The initial share sale of Arkade Developers got subscribed 106.40 times on the last day of the offer on Thursday. The Rs 410-crore initial share sale received bids for 2,52,97,38,200 shares against 2,37,75,719 shares on offer, according to data available with the NSE. Qualified institutional buyers subscribed the offer 163.16 times while the quota for non-institutional investors fetched 162.75 times subscription. The portion for retail individual investors received 50.65 times subscription. The initial public offering (IPO) of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. The realty firm has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore IPO, which is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (OFS) component. Proceeds from the issue will be used for the development of the ..