Page 42 - Initial Public Offerings Ipos

Bajaj Housing Finance IPO Day 2: GMP soars 92%; should you subscribe?

Shares of Bajaj Housing Finance were quoted trading at a premium of Rs 64 or 91.43 per cent in the grey market, indicating a positive market sentiment for the IPO

Shree Tirupati Balajee IPO allotment today: check status, GMP & more

Once the allotment of Shree Tirupati Balajee IPO is finalised, investors can check the allotment status by visiting the official websites of BSE, NSE, or Link Intime India, the registrar for the issue

Most IPOs get lapped up on day 1, Bajaj Housing subscribed over 2 times

Market players expect cumulative bids between Rs 2 trillion and Rs 3 trillion for the four IPOs that hit the market this week, which are looking to raise a combined Rs 8,390 crore

Brokerages upbeat on Bajaj Housing Finance IPO; GMP up 81%; should you bid?

Adding to the buzz, the shares of Bajaj Housing Finance are commanding a strong premium in the grey market on the first day of its opening

Tolins Tyres' IPO fully subscribed in few hours, 1.8 times booking on Day 1

The initial public offer of Tolins Tyres got fully subscribed within hours of opening of bidding on Monday and ended the first day with an overall over-subscription of 1.80 times. The initial share sale received bids for 1,34,50,866 shares against 74,88,372 shares on offer, according to NSE data. The Retail Individual Investors' portion was booked 3.16 times while the quota for non-institutional investors got subscribed 83 per cent. The Qualified Institutional Buyers (QIBs) part got subscribed 12 per cent. Tolins Tyres Ltd on Friday announced that it has mopped up Rs 69 crore from anchor investors. The company has fixed a price band of Rs 215-226 per share for its initial public offering (IPO). The Kerala-based company's initial share sale is a combination of a fresh issue of equity shares worth Rs 200 crore and an offer-for-sale (OFS) of equity shares to the tune of Rs 30 crore. Promoters Kalamparambil Varkey Tolin and Jerin Tolin will offload shares worth Rs 15 crore each throu

Autoparts maker Kross' IPO receives 88% subscription on first day of offer

The initial public offer of auto parts manufacturer Kross Ltd received 88 per cent subscription on the first day of bidding on Monday. The initial share sale received bids for 1,34,95,044 shares against 1,53,50,877 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 1.50 times subscription while the portion for non-institutional investors got subscribed 61 per cent. Kross Ltd on Friday said it has mobilised Rs 150 crore from anchor investors. The Jamshedpur-based company's IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) aggregating up to Rs 250 crore by the promoters. The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai. The issue, with a price band of Rs 228-240 per share, will conclude on September 11. Kross proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, pay

Real estate firm Arkade Developers set to open Rs 410 cr IPO on Sep 16

Real estate developer Arkade Developers Ltd is set to float its Rs 410-crore initial public offering (IPO) on September 16. The initial share sale will conclude on September 19, and the bidding for anchor investors will open for a day on September 13, according to the red herring prospectus (RHP). The maiden public issue is entirely through a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (OFS) component. The company has already raised Rs 20 crore through a pre-IPO placement round. Proceeds from the issue will be used for the development of the company's ongoing as well as upcoming projects and funding the acquisition of future real estate projects and general corporate purposes. Arkade Developers is a fast-growing real estate development company with a significant presence in Mumbai. As of July 31, 2023, it has developed 1.80 million square feet of residential property, including through partnership entities in which Arkade holds the majority stake. Betwe

Tolins Tyres garners Rs 69 cr from anchor investors ahead of its IPO

Tolins Tyres Ltd on Friday announced that it has mopped-up Rs 69 crore from anchor investors ahead of its initial share-sale opening for public subscription. BofA Securities Europe SA, NAV Capital VCC, Chhatisgarh Investments, Ashika Global Securities, Moneywise Financial Services, Vikasa India EIF I Fund, Invicta Continuum Fund I and Steptrade Revolution Fund are the anchor investors that have been allotted shares. The company allotted a total 30.53 lakh shares to these investors at Rs 226 apiece, which is also the upper-end of the price band. This aggregates the transaction size to Rs 69 crore, according to a circular uploaded on BSE's website. The company's Rs 230-crore IPO will be open for public subscription during September 9-11. It has fixed a price band of Rs 215 to Rs 226 per share for its initial public offering (IPO). The Kerala-based company's initial share-sale is a combination of fresh issue of equity shares worth Rs 200 crore and an offer-for-sale (OFS) of equity ..

Shree Tirupati Balajee IPO Day 2: Subscription status, GMP, Should you bid?

Prior to the public subscription period, Shree Tirupati Balajee IPO raised over Rs 50.90 crore from anchor investors.

PN Gadgil Jewellers' IPO for Rs 1,100 cr to open for subscription on Sep 10

Jewellery retail chain P N Gadgil Jewellers Ltd on Thursday fixed a price band of Rs 456-480 per share for its Rs 1,100-crore initial share sale and proceeds will be used for expansion plans and pare debt. The Initial Public Offering (IPO) will open for public subscription on September 10 and conclude on September 12 and the bidding for anchor investors will open for a day on September 9, the company announced. The Maharashtra-based company's IPO is a combination of a fresh issue of equity shares worth up to Rs 850 crore and an offer for sale (OFS) of equity shares to the tune of Rs 250 crore by promoter SVG Business Trust. At present, SVG Business Trust holds a 99.9 per cent stake in P N Gadgil Jewellers. Brokerage houses have pegged the company's market capitalisation at over Rs 6,500 crore post-issue. Of the fresh issue proceeds, around Rs 393 crore will be utilised for the funding of expenditure towards setting up 12 new stores in Maharashtra, Rs 300 crore for payment of debt,

Gala Precision Engineering IPO allotment today; check status, GMP & more

Gala Precision Engineering IPO allotment status: Once the allotment is finalised, investors can check their status on the official websites of BSE, NSE, or Link Intime India

Gala Precision IPO subscribed 201.44 times on last day of bidding

The initial public offer of Gala Precision Engineering garnered 201.44 times subscription on the closing day of bidding on Wednesday. The initial share sale received bids for 44,79,68,752 shares against 22,23,830 shares on offer, as per NSE data. The portion meant for non-institutional investors got subscribed a whopping 414.65 times while the category for Qualified Institutional Buyers (QIBs) received 232.54 times subscription. The Retail Individual Investors (RIIs) part garnered 91.99 times subscription. The initial public offering of Gala Precision Engineering was fully subscribed within minutes of opening for bidding on Monday and ended the day with a 10.83 times subscription. Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO). The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer-for-sale (OFS) of 6.16 lakh equity shares valued at Rs 32.58 crore by

Gala Precision IPO GMP soars on last bidding day; should you apply today?

The three-day subscription window to bid for the Gala Precision Engineering IPO, which opened on Monday, September 2, 2024, is set to conclude today

Upcoming IPO alert: DAM Capital Advisors files DRHP with Sebi; details

DAM Capital Advisors has revealed that its initial public offering comprises an offer for sale of up to 3.206 crore shares of the company

ECOS Mobility revs up in weak market, lists at 17% premium on BSE, NSE

Ahead of their debut on the bourses, the shares of Ecos (India) Mobility & Hospitality were quoted at a strong grey market premium of Rs 126 or 37.37 per cent, indicating a favourable market debut

Baazar Style Retail IPO allotment today; check status, GMP, listing date

Once the allotment is finalised, investors can check their status on the official websites of BSE, NSE, or Link Intime India, the registrar for the issue

Tolins Tyres' Rs 230 cr IPO to open for subscription on September 9

Tolins Tyres Ltd on Tuesday said it has fixed a price band of Rs 215-Rs 226 per share for its initial public offering (IPO), opening for subscription on September 9. The company's Rs 230-crore IPO is scheduled to conclude on September 11, and the bidding for anchor investors will open for a day on September 6, it announced. The Kerala-based company's initial share sale is a combination of a fresh issue of equity shares worth Rs 200 crore and an offer-for-sale (OFS) of equity shares to the tune of Rs 30 crore. Promoters -- Kalamparambil Varkey Tolin and Jerin Tolin -- will offload shares worth Rs 15 crore each through the OFS route. They own 83.31 per cent stake in the company at present. Of the Rs 200 crore IPO proceeds, Rs 75 crore will be used to augment the long-term working capital requirements of the company and Rs 62.55 crore for debt payment. Further, Rs 24.36 crore will be used for investment in the company's subsidiary Tolin Rubbers to repay its debt and to support its ..

Gala Precision Engineering IPO subscribed 52.17 times on 2nd day of bidding

The initial public offer of Gala Precision Engineering was subscribed 52.17 times on day two of bidding on Tuesday. The initial share sale received bids for 11,60,22,648 shares against 22,23,830 shares on offer, as per NSE data. The quota for non-institutional investors was subscribed 132.89 times, while the category for retail individual investors (RIIs) fetched 44.16 times subscription. The portion for qualified institutional buyers (QIBs) garnered 5.06 times subscription. The initial public offering of Gala Precision Engineering was fully subscribed within minutes of opening for bidding on Monday and ended the day with a 10.83 times subscription. The initial share sale will conclude on September 4. Gala Precision Engineering Ltd has fixed a price band of Rs 503-529 per share for its Rs 168-crore initial public offering (IPO). The IPO is a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an offer-for-sale (OFS) of 6.16 lakh equity shares valued

Baazar Style Retail IPO subscribed 40.63 times on last day of bidding

The initial public offer of Rekha Jhunjhunwala-backed value fashion retailer Baazar Style Retail garnered 40.63 times subscription on the closing day of bidding on Tuesday. The Rs 835-crore initial share sale received bids for 61,07,33,758 shares against 1,50,30,116 shares on offer, according to data available with the NSE. The portion meant for Qualified Institutional Buyers (QIBs) received 81.83 times subscription while the category for non-institutional investors got subscribed 59.41 times. The quota for Retail Individual Investors (RIIs) garnered 9.07 times subscription. Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors. The price band for the offer is Rs 370-389 per share. The IPO is a combination of a fresh issue of equity shares worth Rs 148 crore and an offer for sale (OFS) of up to 1.76 crore shares valued at Rs 687 crore (at the upper end of the price band) by promoter group entities and other selling shareholders. Proceeds fro

Auto parts manufacturer Kross' Rs 500 cr IPO to open on September 9

Auto parts manufacturer Kross Ltd is set to float its Rs 500-crore initial share sale on September 9 for public subscription. The three-day Initial Public Offering (IPO) will conclude on September 11 and the bidding for anchor investors will open for a day on September 6, according to the Red Herring Prospectus (RHP). Jamshedpur-based company's IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) aggregating up to Rs 250 crore by the promoters. Kross proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, payment of debt, and funding the working capital requirements of the company. Besides, a portion will be used for general corporate purposes. Founded in 1991, Kross is a diversified player focused on manufacturing and supply of trailer axle and suspension assembly and a wide range of forged and precision machined high-performance safety critical parts for medium and heavy commercial vehic