Page 44 - Initial Public Offerings Ipos

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

ECOS Mobility IPO GMP surges 40%; experts eye double digit listing gains

ECOS (India) Mobility & Hospitality shares are slated to make their debut on the bourses tomorrow, Wednesday, September 4, 2024. Check listing price prediction here

Last Chance! Baazar Style IPO ends today: should you bid? Check GMP & more

The three-day subscription window to bid for the Baazar Style Retail IPO, which opened on Friday, August 30, 2024, is set to conclude today

Premier Energies shares double investors money with bumper debut on bourses

Premier Energies IPO listing today: The company's shares listed at Rs 991 on the BSE, reflecting a whopping 120.22 per cent premium over the upper end of its issue price of Rs 450

Premier Energies IPO listing prediction: Will strong GMP fuel 100% returns?

As investors anticipate the company's listing on the BSE and NSE, the strong GMP suggests a positive market reception

VFX company Identical Brains files draft IPO papers with NSE Emerge

VFX company Identical Brains Studios on Monday said it has filed preliminary IPO papers with NSE Emerge to raise funds through an initial public offering (IPO). The Mumbai-headquartered company's initial public offering comprises a fresh issuance of up to 36.94 lakh equity shares with a face value of Rs 10, through the book-building route, according to the draft red herring prospectus (DRHP). The firm plans to utilise the proceeds to fund the renovation of the existing office and studio in Andheri; establish Colour Grading Digital Intermediate and Sound Studio set-up at a new branch office in Andheri; establishment of the new branch office in Lucknow; purchase of computers, storage systems and software; further strengthen the existing facilities the company; support the company's incremental working capital requirements and for general corporate purposes. Identical Brains Studios offers a comprehensive suite of VFX services in a diverse range of projects such as films, web series, T

Lights, Camera, IPO: VFX firm Identical Brains Studios files DRHP; details

The company will offer a fresh issuance of up to 36,94,000 equity shares with a face value of Rs 10 apiece through the book-building route