Page 47 - Initial Public Offerings Ipos

Saraswati Saree Depot IPO allotment: See status, GMP, likely listing price

The public issue, which closed for subscription on Wednesday, August 14, 2024, witnessed overwhelming demand, with the IPO being subscribed 107.39 times by the final day

Realty firm Kalpataru Ltd files draft papers to raise Rs 1,590 cr via IPO

Real estate firm Kalpataru Ltd has filed draft prospectus with market regulator SEBI to launch its initial public offering (IPO) for raising up to Rs 1,590 crore, mainly to reduce debt. The Mumbai-based company has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises fresh issue of shares, having face value of Rs 10 each, aggregating up to Rs 1,590 crore. It would use Rs 1,192.5 crore for repayment/prepayment, in full or in part, of certain borrowings. "We are an integrated real estate development company involved in all key activities associated with real estate development, including the identification and acquisition of land (or development rights thereto), planning, designing, execution, sales, and marketing of our projects," the DRHP said. The company has a portfolio of 40 ongoing, forthcoming and planned projects comprising 49.77 million square feet area. Of these 25 projects having 22 million square feet are currently underway. While a majority o

ArisInfra Solutions files papers with Sebi to garner Rs 600 cr via IPO

ArisInfra Solutions Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO). The proposed IPO is completely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). The Mumbai-based company plans to mop-up about Rs 120 crore through a pre-IPO placement. If such placement is undertaken, the amount raised will be deducted from the total IPO size. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from existing shareholders of its subsidiary, ArisUnitern Re Solutions Pvt Ltd, repayment of loan and for general corporate purposes. Arisinfra Solutions is a B2B technology-enabled company, focusing on simplifying and digitizing the procurement process for construction materials. Between April 1, 2

Saraswati Saree Depot IPO subscribed whopping 107.39 times on last day

The initial public offer of Saraswati Saree Depot, a key player in the saree wholesale segment, got subscribed a whopping 107.39 times on the last day of subscription on Wednesday. The Rs 160-crore initial share sale received bids for 1,07,39,63,880 shares against 1,00,00,800 shares on offer, as per NSE data. The portion for non-institutional investors attracted 358.47 times subscriptions, while the quota for Qualified Institutional Buyers (QIBs) subscribed 64.12 times. The category for Retail Individual Investors (RIIs) garnered 61.59 times subscriptions. The initial public offering (IPO) has a fresh issue of up to 64,99,800 equity shares and an offer for sale of up to 35,01,000 equity shares. The price range for the offer is Rs 152-160 per share. The company proposes to utilise the net proceeds from the fresh issue towards funding working capital requirements and general corporate purposes. The Kolhapur-based company, whose origin in the sarees business dates back to the year 1

Saraswati Saree Depot IPO closes today; Should you Bid? Check GMP & more

The unlisted shares of Saraswati Saree Depot are commanding a strong premium on the last day of subscription. Should you subscribe to the Saraswati Saree Depot IPO?

Metalman Auto files IPO papers with Sebi, eyes Rs 350 cr via shares sale

Auto components maker Metalman Auto Ltd has filed draft papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of equity shares worth Rs 350 crore and an offer for sale (OFS) of up to 1.26 crore shares by its promoters, according to the draft red herring prospectus (DRHP). Proceeds from the fresh issue to the tune of Rs 25 crore will be used to part financing the capital expenditure towards procurement of plant and machinery at Pithampur manufacturing unit 2 in Madhya Pradesh. Additionally, Rs 240 crore will be used for payment of debt, besides, a portion of funds will be used for general corporate purposes, draft papers filed on Monday showed. Founded in 1986, Metalman Auto is a one-stop shop for sheet metal and tubular fabrication, metal finishing and assembly of components for OEMs in the automotive and non-automotive sectors. The company is primarily focused on manufacturing meta

Saraswati Saree Depot IPO subscribed 16.33 times on second day of offer

The initial public offering of Saraswati Saree Depot, a key player in the sarees wholesale segment, got subscribed 16.33 times on day two of subscription on Tuesday. The Rs 160-crore initial share sale received bids for 16,33,54,410 shares against 1,00,00,800 shares on offer, as per NSE data. The portion for non-institutional investors fetched 57.16 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 20.28 times. The quota for Qualified Institutional Buyers (QIBs) received 1.32 times subscription. The Initial Public Offering (IPO) has a fresh issue of up to 64,99,800 equity shares and an offer for sale of up to 35,01,000 equity shares. The price range for the offer is Rs 152-160 per share. The initial share sale will conclude on August 14. The company proposes to utilise the net proceeds from the fresh issue towards funding working capital requirements and general corporate purposes. The Kolhapur-based company whose origin in the sarees bu

Upcoming IPO Alert: Inventurus Knowledge Solutions files DRHP with Sebi

Upcoming IPO Alert: With the IPO, Inventurus Knowledge Solutions is offering an offer for sale of up to 28,184,060 equity shares of face value of Re 1 apiece

Unicommerce eSolutions IPO listing: Shares debut with a solid 117% premium

Unicommerce eSolutions IPO received massive participation from investors, being subscribed a whopping 168.35 times by the last date of subscription

IPO listing today: FirstCry shares list at 40% premium on BSE, NSE; Details

Before its listing, the grey market premium (GMP) for the FirstCry IPO was quoted around Rs 87, suggesting strong listing gains

CARS24 preparing to float IPO to tap growth opportunities: Co-Founder

Online used-car platform CARS24 is gearing up for an IPO as it prepares to tap into the next level of growth opportunities in the domestic market, Co-Founder Gajendra Jangid said on Monday. The Gurugram-headquartered firm, which has already crossed USD 1 billion in turnover, expects the domestic used-car market to cross USD 100 billion mark over the next ten years. "IPO is a milestone and a stepping stone in our journey. We are gearing up for it internally. I am not laying any roadmap for...by when we will go for the IPO. But the progress is being made in that direction," Jangid told reporters here. Elaborating on the growth potential of the Indian used-car market, he stated that car ownership in the country remains low as compared to various developed geographies including China and the US. Jangid noted that the used-car segment was growing faster than the new car sales in the country with strong demand emanating from Tier II and III cities and towns. He noted that the company is

FirstCry IPO listing price prediction: GMP hints 18% gain on debut; Details

FirstCry shares are trading at a premium of nearly Rs 86 or 18.49 per cent on Monday, which is nearly triple the GMP of Rs 32 or 6.88 per cent that the shares commanded on the IPO opening date

Saraswati Saree Depot IPO GMP soars 32% ahead of opening; Should you bid?

The three-day subscription window for the Saraswati Saree Depot IPO, a book-built issue worth Rs 160.01 crore, closes on Wednesday, August 14, 2024

IPO Calendar next week: 7 IPOs to open; FirstCry to debut. Check FULL LIST

The upcoming week is also poised to witness a flurry of public offerings for investors. Here are the full details of the upcoming IPO activities for next week:

FirstCry IPO: Check allotment status, GMP, expected listing price & more

Available at a price band of Rs 440-465, with a lot size of 32 shares, FirstCry IPO was subscribed 12.22 times by the final day of subscription on August 8, 2024

Unicommerce eSolutions IPO allotment: See status, GMP, likely listing price

Unicommerce eSolutions IPO, which was available at a price band of Rs 102-108, received massive participation from investors, getting subscribed a whopping 168.35 times by last date of subscription

Ola Electric's shares surge 10% in debut trade, valuing company at $4.4 bn

The stock had listed flat to its initial offer price at 76 rupees on the National Stock Exchange

One of world's youngest billionaires to double fortune on Ola IPO

Aggarwal, 38, added $1.4 billion to his wealth after shares of his SoftBank Group Corp.-backed Ola Electric jumped 16 per cent

Unicommerce eSolutions IPO subscribed 12.22 times on Day 2 of share sale

The initial public offer of SoftBank-backed Unicommerce eSolutions got subscribed 12.22 times on Wednesday, the second day of subscription. The IPO received bids for 17,20,68,750 shares against 1,40,84,681 shares on offer, according to data available with the NSE. The portion for Retail Individual Investors (RIIs) attracted 35.54 times subscription while the quota for non-institutional investors got subscribed 19.50 times. The Qualified Institutional Buyers (QIBs) part received 80 per cent subscription. The initial public offering (IPO) of Unicommerce eSolutions got fully subscribed within hours of opening for subscription on Tuesday. The issue, with a price band of Rs 102-108 a share, is open for public subscription from August 6-8. Unicommerce eSolutions on Monday said it has garnered over Rs 124 crore from anchor investors. The issue is entirely an offer-for-sale (OFS) of up to 2.56 crore equity shares valued at Rs 276.6 crore at the upper end of the price band. Therefore, the

Ceigall India listing price prediction: GMP signals muted gains; Details

Ceigall India IPO received a decent response from investors, getting subscribed 14.01 times on the final day of subscription