Page 41 - Initial Public Offerings Ipos

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

Diffusion Engineers IPO allotment: Check status, GMP, likely listing price

Once the Diffusion Engineers IPO allotment is finalised, investors can check their status visiting the official websites of BSE, NSE, or Bigshare Services

Share Market Today: Sebi Bd meet outcome, Israel War, Powell on rate cuts

At 7:20 AM, GIFT Nifty futures were trading approximately 8 points higher at 25,998 against Nifty futures close, suggesting a muted opening.

IPO Alert! Eyecare provider Dr Agarwal Health Care files DRHP with Sebi

Dr Agarwal Health Care comprises a fresh issue of shares worth around Rs 300 crore and an offer for sale with promoters and other shareholders offloading up to 69,568,204 shares

Final Day! Diffusion Engineers IPO ends today: GMP up 34%; should you bid?

Diffusion Engineers IPO has so far received a favourable response from investors, with bids for 24,42,32,032 shares against 65,98,500 shares offered, resulting in an oversubscription of 37.01 times

KRN Heat Exchanger IPO allotment: Check status, GMP, likely listing price

Once the allotment of KRN Heat Exchanger IPO is finalised, investors can check their status by visiting the official websites of BSE, NSE, or Bigshare Services

Swiggy's recipe for success: DRHP reveals key ingredients ahead of IPO

As investors await further details for this buzzing IPO, here are some of the key details related to Swiggy, as outlined in the DRHP papers

Zomato share price falls 4% after Swiggy files IPO DRHP with Sebi

Swiggy's IPO move had investors buzzing about the competitive landscape in the food delivery market as Zomato's scrip slipped up to 3.64 per cent to an intraday low of Rs 273.50 per share.

Akme Fintrade inks pact with MAS Financial for MSME co-lending; stock up 3%

The rise in Akme Fintrade share price came after the company said that it has partnered with MAS Financial Services for co-lending in the MSME sector.

Diffusion Engineers IPO Day 2: GMP up 54%; Should you invest or wait?

The unlisted shares of Diffusion Engineers were commanding a premium of Rs 90, which translates to a GMP of 53.57 per cent against the upper end of the IPO price of Rs 168

KRN Heat Exchanger IPO closes today: Should you invest amid 124% GMP surge?

KRN Heat Exchanger IPO has so far garnered a solid response from investors, receiving bids for 63,91,84,780 shares against 1,09,93,000 shares offered, resulting in an oversubscription of 58.14 times

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 ...