Page 43 - Initial Public Offerings Ipos

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

Shubhshree Biofuels Energy IPO subscribed 120 times on final day of bidding

The initial public offer of Shubhshree Biofuels Energy got subscribed by a whopping 119.37 times on the last day of subscription on Wednesday. The public offer of Shubhshree Biofuels Energy received bids for 11,91,82,800 shares against 9,98,400 shares on offer, according to the NSE data. The initial public offering (IPO) of Shubhshree Biofuels Energy is entirely a fresh issue of 13.92 lakh shares. The company had fixed a price band at Rs 113-119 a share. The company intends to utilise the proceeds of IPO to fund the capital expenditure towards the installation of additional plant and machinery, to meet the working capital requirements, and general corporate purpose. Established in 2013, Jaipur-based Shubhshree Biofuels Energy supplies biomass fuels, including biomass pellets and briquettes, to customers operating in the recycled material, textile processing, pharmaceutical, metal, etc. sectors. Meanwhile, the Rs 45.88-crore IPO of Aditya Ultra Steel subscribed 10.22 times on the f

Auto parts maker Kross IPO gets subscribed 16.81 times on last day of bid

The initial share sale of auto parts manufacturer Kross Ltd got subscribed 16.81 times on the last day of subscription on Wednesday. The public offer received bids for 25,80,21,618 shares against 1,53,50,877 shares on offer, according to data available with the NSE. The portion for Qualified Institutional Buyers (QIBs) garnered 23.32 times subscription while the quota for non-institutional investors got subscribed 22.24 times. The Retail Individual Investors (RIIs) part received 10.76 times subscription. 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 has a price band of Rs 228-240 per share. Kross proposes to utilise the net proceeds of the f

Abu Dhabi's Etihad Airways plans IPO no earlier than 2025: Report

Etihad, which started operations in 2003, spent billions of dollars buying minority stakes in other carriers to create larger network through its Abu Dhabi hub

Bajaj Housing IPO GMP rockets 100% on last day; should you park your funds?

Bajaj Housing Finance IPO, which ends today, has so far received an overwhelming response from investors, with the public issue being subscribed 7.50 times by the second day of subscription

Northern Arc Capital's Rs 777 cr IPO to open on Mon, price band Rs 249-263

Non-bank financial institution Northern Arc Capital on Wednesday said it has fixed a price band of Rs 249-263 per share for its upcoming Rs 777 crore initial public offering (IPO). The Chennai-based company's initial share sale will open for public subscription on September 16 and conclude on September 19. The bidding for anchor investors will open for a day on September 13. 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 crore. Those offering shares through the OFS are Leapfrog Financial Inclusion India (II) Ltd, Accion Africa-Asia Investment Company, Eight Roads Investments Mauritius II Ltd, Sumitomo Mitsui Banking Corporation, 360 ONE Special Opportunities Fund (formerly known as IIFL Special Opportunities Fund) and Dvara Trust. Proceeds from the fresh issue woul