Page 7 - Initial Public Offerings

Quality Power's Rs 859 cr IPO to open on Feb 14 with fresh issues, OFS

Quality Power, an energy transmission equipment and power technologies company, on Monday fixed a price band of Rs 401 to Rs 425 per share for its Rs 859-crore initial public offering (IPO). The initial share-sale will open for public subscription on February 14 and conclude on February 18. The bidding for anchor investors will open for a day on February 13, the company announced. The company's valuation has been pegged at nearly Rs 3,300 crore at the upper-end of the price band. The initial public offering (IPO) comprises a fresh issue of equity shares aggregating up to Rs 225 crore and an offer-for-sale (OFS) of 1.5 crore equity shares valued Rs 634 crore at the upper-end of the price band. This aggregates the issue size to Rs 859 crore. As part of the OFS, promoter Chitra Pandyan will offload shares of the company. The Pandyan family holds 100 per cent stake in Maharashtra-based Quality Power. Proceeds from the fresh issue would be utilised for the acquisition of Mehru Electri

SMPP, Brigade Hotel among 8 companies to get Sebi nod to float IPOs

As many as eight firms including defence equipment manufacturer SMPP, Brigade Hotel and PVC blend-based building material maker Kumar Arch Tech have received Sebi's go ahead to raise over Rs 6,500 crore through initial public offerings (IPOs). Other companies that have received Sebi's approval include Solarworld Energy Solutions, Indogulf Cropsciences, Globe Civil Projects, and Prostarm Info Systems, an update with the markets regulator showed on Tuesday. Together, these firms aim to raise more than Rs 6,500 crore. Sebi received preliminary IPO documents from these firms between October and November, and issued its observations during January 28-31, the update showed. In Sebi's parlance, obtaining the observations means its go ahead to float the public issue. Meanwhile, auto component maker Viney Corporation withdrew its draft IPO papers on January 27 without giving a reason. The preliminary documents were filed in October. As for SMPP Ltd, its Rs 4,000-crore IPO includes a fresh

India's IPOs to continue their bull run defying market's historical slump

The 23 stocks that debuted in India so far this year are up by an average of 15 per cent from their offer prices

Doosan Skoda Power aims to raise up to $115 million in Prague IPO

Doosan Skoda Power is also offering up to 2.9 million new shares, which would increase its total number of shares to 31.9 million, valuing the firm at 8.3 billion crowns at the upper end of the IPO

Dorf-Ketal Chemicals files IPO draft papers with Sebi, eyes Rs 5,000 cr

Speciality chemicals company Dorf-Ketal Chemicals India Ltd has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 5,000 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 1,500 crore and an offer for sale of shares worth Rs 3,500 crore by promoter Menon Family Holdings Trust, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds from the fresh issue to the tune of Rs 82.90 crore will be allocated to repay debt of the company, Rs 33.30 crore will be invested in subsidiary Dorf Ketal Chemicals FZE to repay or prepay its outstanding borrowings, and the remaining funds will be used for general corporate purposes. Founded in 1992, Dorf-Ketal Chemicals is an R&D and innovation-focused global manufacturer and supplier of specialty chemicals across the hydrocarbons and industrial supply chains, including the oil and gas, refining and petrochemicals industries, ..

Dorf-Ketal Chemicals India files for $580 million IPO, claim draft papers

The IPO consists of fresh issue of shares worth up to 15 billion rupees, while existing shareholder Menon Family Holdings Trust is selling shares worth up to 35 billion rupees

Dr Agarwal's Health Care sets IPO price between Rs 382 and Rs 402

The IPO comprises a mix of fresh issues worth up to Rs 300 crore and an offer for sale of up to Rs 2,727 crore

Stock Market Close Highlights: Sensex sheds 330 pts, Nifty ends at 23,092; Smallcap shares bleed

Stock Market LIVE on Friday January 24, 2025: At 6:56 AM, GIFT Nifty futures were trading 33 points higher at 23,297, indicating a higher start for the bourses

Laxmi Dental listing: Shares make decent debut; lists at 27% premium on NSE

Laxmi Dental IPO listing today: With a price band of Rs 407 to Rs 428 per share, Laxmi Dental IPO opened on Monday, January 13, 2025, and concluded its subscription on Wednesday, January 15, 2025

BharatPe targets IPO in 18-24 months, Ebitda profitability in FY25

Negi was appointed as the CEO of the company in April 2024 after serving as an interim CEO and chief financial officer (CFO)

Kotak fund invests Rs 940 cr in IPO-bound diagnostics chain Neuberg

Neuberg Diagnostics, promoted by GSK Velu, is planning to use the pre-initial public offering fundraise to boost its merger and acquisition ability

Capital Infra Trust IPO: Check allotment status, GMP, listing expectations

Once the allotment of Capital Infra Trust IPO shares is finalised, investors can check their status on the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue

Sebi approves IPOs of Regreen-Excel, Dr Agarwal's, Casagrand, Highway Infra

However, two other companies-Amruta Healthcare and Mouri Tech-that had filed their draft documents have withdrawn their application

Demat tally surges to 185 million in 2024 with 46 million new additions

In the first nine months of 2024, 36 million demat accounts were added, buoyed by gains in the secondary market and record initial public offerings (IPOs)

Film producer Vipul Shah's Sunshine Pictures files for IPO to raise funds

Film and television producer-director Vipul Shah-backed Sunshine Pictures Ltd has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a total offer size of 83.75 lakh equity shares including a fresh issue of 50 lakh shares and an Offer-for-Sale (OFS) of 33.75 lakh shares by promoters, according to the draft red herring prospectus (DRHP). Promoter Vipul Amrutlal Shah is proposing to sell 23.69 lakh shares, while Shefali Vipul Shah plans to offload 10.05 lakh shares. The company plans to utilize the proceeds from the fresh issue to meet its long-term working capital requirements, allocating up to Rs 94 crore to support future growth and operations, along with other general corporate purposes. Additionally, the listing of its equity shares on the stock exchanges is expected to enhance the company's visibility, strengthen its brand image, and create a public market for its shares in India. Sunshine Pictures is on

Best Dec for IPOs since 1996: 15 firms collectively raised Rs 25,425 cr

December is usually a tepid month for IPOs as securing foreign portfolio investors (FPI) support is a challenge due to the holiday season

Zepto sets up a new entity to streamline its operations ahead of IPO

In the second half of 2024, Zepto had picked investment banks like Goldman Sachs, Morgan Stanley, and Axis Capital as advisors for its IPO

Regaal Resources files draft papers with Sebi to raise funds via IPO

Kolkata-based agro-based company Regaal Resources Ltd has filed its draft red herring prospectus (DRHP) with market regulator SEBI to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of shares worth up to Rs 190 crore and an offer-for-sale of up to nine million equity shares by the promoter. Proceeds from the fresh issue worth Rs 147 crore will be utilised for repayment and pre-payment of borrowings and general corporate purposes. Regaal Resources, one of the manufacturers of maize-based starch, specialty starches, food-grade starches and starch derivative products in India, has an installed crushing capacity of 750 tonnes per day. The company reported a revenue from operations increased by 22.97 per cent to Rs 600 crore in FY24, due to an increase in sales of manufactured and traded goods. Pantomath Capital Advisors and Sumedha Fiscal Services are the book-running lead managers, while Link Intime India is the registrar of the issue. The equity

Indo Farm Equipment IPO opens today: Check GMP, review, subscription status

On the first day, around 11:30 AM, Indo Farm Equipment IPO was subscribed 4.84 times with a total bid of 4,10,13,186 shares against the offer of 84,70,000

Anya Polytech & Fertilizers IPO: Check allotment status, GMP, other details

Anya Polytech & Fertilizers IPO allotment status can be checked on NSE as well as its official register's website Skyline Financial Services