Page 42 - Initial Public Offerings Ipos

We are exploring possibility of launching IPO by 2025: Orkla official

Orkla, the Norwegian industrial investment company, is exploring the possibility of launching an initial public offering by 2025 for its Indian unit, which owns spices and condiments brands MTR and Eastern, according to its country head. Besides, the company is expanding its global sales targeting the growing Indian diaspora abroad and expects its international business to contribute 20 per cent in 2024, Orkla India CEO Sanjay Sharma said. Moreover, it is also expanding its play in the food market by entering into cold chain-based food products such as 'idli' batter and also entering into regional delicacies. When asked about the IPO, Sharma said: "It is too early for us. The board had done a pre-IPO study and based on that it asked us to explore and evaluate accessing capital markets in India." This happened in late June and July, when there is summer holidays, as far as Europe is concerned. "So this is some work that we will start to do now. As indicated in the statement given b

NTPC Green Energy IPO SWOT analysis: Key strengths, weaknesses from DRHP

As investors await further details, here is a comprehensive analysis of the strengths, weaknesses, opportunities, and threats of the NTPC Green Energy, as described in the DRHP papers

Northern Arc Capital IPO closes today; GMP up 60%; should you subscribe?

Northern Arc Capital IPO, which opened for public subscription on Monday, September 16, 2024, closes today

Arkade Developers IPO gets subscribed 16.20 times on Day 2 of bidding

The initial public offer of Arkade Developers Ltd received 16.20 times subscription on the second day of bidding on Tuesday. The initial share sale received bids for 38,51,04,390 shares against 2,37,75,719 shares on offer, as per NSE data. The portion for non-institutional investors attracted 28.26 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 19.99 times. The quota for Qualified Institutional Buyers (QIBs) fetched 44 per cent subscription. The initial public offer 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. Realty firm Arkade Developers Ltd 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 initial public offering. The initial share sale will conclude on September 19. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (O

Northern Arc Capital IPO got subscribed 9.98 times on Day 2 of offer

The initial public offer of non-bank financial institution Northern Arc Capital Ltd got subscribed 9.98 times on the second day of bidding on Tuesday. The share sale received bids for 21,43,97,349 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for non-institutional investors received 21.71 times subscription while the Retail Individual Investors (RIIs) part got subscribed 10.82 times. The portion meant for Qualified Institutional Buyers (QIBs) garnered 20 per cent 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 will conclude on September 19. The price has been fixed in the 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 si

PMEA Solar Tech Solutions files for IPO, eyes Rs 600 cr via fresh issue

PMEA Solar Tech Solutions has filed preliminary papers with capital markets Sebi to raise funds through an initial public offering (IPO). The Mumbai-based company's IPO is a mix of fresh issues of shares aggregating up to Rs 600 crore and an offer for sale (OFS) of up to 1.12 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Monday. The company may consider raising up to Rs 120 crore in a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the extent of Rs 119.55 crore will be used for the setting up of certain manufacturing facilities undertaken through investment in the wholly owned subsidiary PMSS, Rs 120.45 crore for purchase of machinery/equipment; Rs 240 crore for payment of debt and remaining funds for general corporate purpose. Founded in 2006, PMEA Solar Tech Solutions specialises in solar tracking mounting systems and equipment and has an annual installed ..

Dental products firm Laxmi Dental files draft papers with Sebi for IPO

Dental products company Laxmi Dental Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 150 crore and an offer for sale (OFS) of 1.28 crore shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP) filed last week. As a part of the OFS, investor OrbiMed Asia II Mauritius Ltd will offload shares of the IPO-bound company. Besides, the company may consider raising Rs 30 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue will be kept aside for investment in subsidiary Bizdent Devices, purchase of new machinery for the company, payment of debt and for general corporate purposes. Laxmi Dental, an end-to-end integrated dental products company, has a comprehensive portfolio that includes custom-made crowns and bridges, branded

Upcoming IPO: Quadrant Future Tek gets Sebi nod for Rs 275-cr IPO; details

Quadrant Future Tek IPO is an entirely fresh issue of shares with a face value of Rs 10 per equity share, aggregating up to Rs 275 crore

Arkade Developers IPO: 67% GMP, 10.8x subscription; should you bid?

Arkade Developers IPO has received bids for a whopping 25,68,35,810 shares, against 2,37,75,719 shares offered, resulting in an oversubscription of 10.80 times so far

Northern Arc Capital IPO Day 2: Subscription soars, GMP up 67%; bid or not?

The grey market premium of Northern Arc Capital continues to move northward as the company's shares are quoted commanding a GMP of 68 percent from the upper end of the issue price

Northern Arc Capital IPO opens with 60% GMP; should you park your money?

Northern Arc Capital IPO is available at a price band of Rs 249-263, with a lot size of 57 shares. Thus, investors can bid for a minimum of 57 shares and in multiples thereof

Arkade Developers IPO GMP zooms 62% on opening day; should you subscribe?

Unlisted shares of Arkade Developers were trading at a premium of Rs 80, which translates to a GMP of 62.5 per cent against the upper end of the IPO price of Rs 128

Tolins Tyres debuts flat on NSE, BSE; hits 5% upper circuit post listing

Tolin Tyres made a tepid debut with 0.44 per cent premium on issue price of Rs 226 on BSE

Bajaj Housing Finance IPO listing today: Investors eye windfall gains

The unlisted shares of Bajaj Housing Finance are currently trading at a premium of approximately Rs 75, representing a 107 per cent gain over the IPO issue price

Northern Arc Capital gets Rs 229 cr from anchor investors ahead of IPO

According to a circular uploaded on BSE's website, the company has allotted 8.702 mn equity shares to 15 funds at Rs 263 apiece, which is also the upper end of the price band

PN Gadgil Jewellers IPO: Will you strike gold? Check allotment status & GMP

Once the allotment is finalised, investors can check the allotment status of PN Gadgil Jewellers IPO by visiting the official websites of BSE, NSE, or Bigshare Services

Western Carriers collects Rs 148 cr from anchor investors ahead of IPO

Out of the total allocation of 8.597 mn equity shares to anchor investors, 3.993 mn equity shares were allocated to 4 domestic mutual funds, which have applied through a total of 6 schemes

PN Gadgil Jewellers IPO GMP skyrockets 56% on final day; should you bid?

PN Gadgil Jewellers IPO has received an overwhelming response from investors, with bids pouring in for 19,69,93,964 shares against the 1,68,85,964 shares on offer as of 11:39 AM on Thursday

Kross, Tolins Tyres IPO: check allotment status, GMP, other details here

Here's how the investors can check the allotment status for the initial public offerings of Kross, and Tolins Tyres

Bajaj Housing Finance IPO allotment today; check status, GMP & likely gains

Once the allotment of the Bajaj Housing Finance IPO is finalised, investors can check their status on the official websites of BSE, NSE, or Kfin Technologies from today