Page 46 - Initial Public Offerings Ipos

Hero Motors Ltd files preliminary papers with Sebi for Rs 900 cr IPO

Hero Motors Ltd, the auto-components firm of the Hero Motors Company (HMC) Group, on Saturday filed preliminary papers with markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer-For-Sale (OFS) of shares valued at Rs 400 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes Rs 250 crore worth of shares by O P Munjal Holdings, and Rs 75 crore each by Bhagyoday Investments and Hero Cycles. The company may consider a pre-IPO placement of Rs 100 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 202 crore will be used for debt payment, Rs 124 crore for purchase of equipment required for expansion in capacity of the company's facility in Gautam Buddha Nagar, Uttar Pradesh. Hero Motors is India's leading automotive technology company engaged in designing, .

Pune based Carraro India files draft papers with Sebi for Rs 1,812 cr IPO

Carraro India Ltd, manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Saturday filed draft papers with markets regulator for Sebi for its Rs 1,812-crore initial public offering (IPO). The Pune-based company's initial share-sale is completely an Offer-For-Sale (OFS) by Carraro International S.E, according to the draft red herring prospectus (DRHP). Since the entire issue is an OFS, all the proceeds from the IPO will go directly to the selling shareholder, rather than to the company. Founded in 1997, Carraro India, a subsidiary of Carraro S.p.A, began its manufacturing journey with transmission systems in 1999 and axles in 2000. The company started its operations using IP rights licensed from other entities within the Carraro Group and specializes in complex engineering products and solutions for original equipment manufacturer (OEM) customers. It serves as an independent tier 1 provider, concentrating on axles and ...

Aeron Composite fixes price band at Rs 121-125 a share for Rs 56 cr IPO

Aeron Composite Ltd on Saturday said it has fixed the price band at Rs 121-125 per share for its SME initial public offering which will open for subscription on August 28. The company plans to raise up to Rs 56.10 crore from its SME public issue, Aeron Composite said in a statement. The company has received approval to launch its public issue on NSE Emerge Platform of the National Stock Exchange, it added. The public issue will conclude on August 30. Investors can bid for a minimum of 1,000 shares and in multiples thereof. The IPO is entirely a fresh issue of 44.88 lakh equity shares of face value Rs 10 each. Retail investor quota for the initial public offering (IPO) is kept at not less than 35 per cent of the net offer, Non institutional investor quota is kept at not less than 15 per cent of the offer and QIB portion is kept at not more than 50 per cent of the offer. The company has proposed to utilise IPO proceeds for funding the capital expenditure requirements towards settin

New IPO! Blackstone-owned IGI India files DRHP with Sebi to raise Rs 4k cr

IGI IPO: With this initial public offering, the company is offering a fresh issue of shares worth up to Rs 1,250 crore and an offer for sale of Rs 2,750 crore of equity shares

IPO calendar next week: 6 new issues, 8 listings to ignite primary markets

Shares of Orient Technologies, and Interarch Building Products will list on the bourses, while IPOs of Premier Energies, and ECOS (India) Mobility & Hospitality will open for subscription next week

Last Chance! Orient Tech IPO ends today: should you bid? Check GMP & more

Adding to the buzz, Orient Technologies shares are commanding a grey market premium (GMP) of Rs 70, or 34 per cent, at the upper end of the IPO price on Friday

Upcoming IPO Alert! 7 takeaways from solar cell maker Premier Energies' RHP

Premier Energies IPO opens for the public subscription on Tuesday, August 27, 2024. Here are the key things to know from Premier Energies' RHP papers ahead of the opening of the public issue

Interarch Building IPO: Check allotment status, GMP & likely listing price

Interarch Building Products IPO allotment today: Once the allotment is finalised, investors can check the allotment status by visiting the official website of BSE or Link Intime India

Orient Tech IPO fully booked on Day 1; GMP up 34% today; should you bid?

Investors can bid for a minimum of 72 shares and in multiples thereof. Accordingly, the minimum amount required by a retail investor to bid for the Orient Technologies IPO is Rs 14,832

Interarch Building Products IPO gets subscribed to 93.46 times on last day

The initial public offer of construction solutions provider Interarch Building Products got subscribed a whopping 93.46 times on the last day of subscription on Wednesday. The Rs 600-crore initial share sale received bids for 43,87,96,464 shares against 46,91,585 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) received 205.41 times subscription while the quota for Non-Institutional Investors fetched 128.42 times subscription. The Retail Individual Investors (RIIs) part got subscribed 19.11 times. The initial public offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 44,47,630 equity shares. The price range for the offer is fixed at Rs 850-900 per share. The IPO of Interarch Building Products was fully subscribed on the first day of subscription on Monday. The initial share sale will conclude on August 21. Proceeds from the fresh issue will be used for capital expenditures, system upgrades and general corporat

Interarch Building Products IPO ends today: GMP zooms 40%; Should you bid?

The unlisted shares of Interarch Building Products continue to command a strong grey market premium (GMP) on the final day of subscription

Orient Technologies IPO opens today: GMP jumps 15%; should you subscribe?

Orient Technologies shares are trading at a premium of Rs 30 or 14.56 per cent at the upper end of the issue price, indicating positive sentiments for the public issue

Unimech Aerospace Ltd files draft papers with Sebi for Rs 500 cr IPO

Unimech Aerospace and Manufacturing Ltd has filed draft papers with capital markets regulator Sebi to float a Rs 500-crore initial public offering (IPO). The Bengaluru-based company's IPO comprises fresh issue of equity shares worth Rs 250 crore and an offer of sale (OFS) of up to Rs 250 crore by promoter and the promoter group, as per the draft red herring prospectus (DRHP). The offer also includes a reservation for a subscription by eligible employees. Funds raised from the fresh issue to will be used for expansion through the purchase of machineries and equipment, funding working capital requirements, investment in its material subsidiary, payment of debt and general corporate purposes. Unimech Aerospace is a high precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, defence, energy, and semiconductor industries. The company has recently raised Rs 250 crore from investors, including Steadview Capital Mauritius Ltd, ValueQuest

Haryana-based Innovision files IPO papers with Sebi, eyes Rs 315 cr

Manpower services company Innovision Ltd has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The Haryana-based company's proposed IPO is a mix of fresh issuance of Rs 315 crore and an Offer For Sale (OFS) of up to 11.81 lakh equity shares by promoters, according to the Draft Red Herring Prospectus (DRHP). Those selling shares in the OFS are Randeep Hundal and Uday Pal Singh. As per the draft papers filed on Monday, proceeds from the fresh issuance to the extent of Rs 55 crore will be used towards payment of debt, Rs 160 crore for funding working capital requirements of the company and, besides, a portion will be used for general corporate purposes. The company specialises in providing manpower services, which include manned private security, integrated facility management services, as well as manpower sourcing and payroll management. The toll plaza management operations involves user fee collection and related services

Interarch Building Products IPO Day 2: See subscription details, GMP & more

The three-day subscription window to bid for the Interarch Building Products IPO closes tomorrow, August 21, 2024

Interarch Building Products IPO gets fully subscribed on Day 1 of offer

The initial public offer of construction solutions provider Interarch Building Products got fully subscribed on the first day of subscription on Monday. The Rs 600 crore initial share sale received bids for 1,49,85,152 shares against 46,91,585 shares on offer, translating into 3.19 times subscription, as per NSE data. The portion for non-institutional investors fetched 7.85 times subscription, while the category for Retail Individual Investors (RIIs) got subscribed 2.75 times. The quota for Qualified Institutional Buyers (QIBs) received 27 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 44,47,630 equity shares. The price range for the offer is Rs 850-900 per share. The initial share sale will conclude on August 21. Proceeds from the fresh issue will be used for capital expenditures, system upgrades and general corporate purposes. Interarch Building Products is one of the leading turnkey pre-engineered s

Upcoming IPO: Ethanol producer TruAlt Bioenergy files DRHP; details

The offer for sale consists of up to 18 lakh equity shares by Dhraksayani Sangamesh Nirani, and up to 18 lakh equity shares by Sangamesh Rudrappa Nirani

Saraswati Saree Depot IPO: GMP hints listing gains; check likely price

Priced in the range of Rs 152-160 per share with a lot size of 90 shares, the public issue received great demand from investors, with the IPO being subscribed 107.39 times by final day of subscription

Interarch Building Products IPO opens today: GMP jumps 36%, should you Bid?

Several noted brokerage firms, including Reliance Securities, Deven Choksey Research, SBI Securities, and Swastika Investmart, have shared their outlook on the Interarch Building Products IPO

Interarch Building Products IPO: GMP jumps 43%; 6 Must-know facts from RHP

Interarch Building Products IPO Opens for Public Subscription on Monday, August 19, 2024. Here are the details from the RHP that you should know before considering subscribing to the public issue