Page 9 - Initial Public Offerings

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

Concord Enviro share list at 19% premium on BSE; misses IPO GMP trend

Concord Enviro IPO listing underperformed the grey market expectations. Ahead of the listing, Concord Enviro IPO shares were trading at Rs 839 apiece, reflecting a GMP of Rs 138, or 19.7%

Unimech Aerospace IPO allotment today: Check status, GMP, listing schedule

Once the Unimech Aerospace IPO share allotment is finalised, investors can check their allotment status on the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue

IPO corner: Senores Pharma subscribed 93x; Carraro 1.1x, Ventive 10x

Senores' IPO consisted of a Rs 500-crore fresh fundraise

Indo Farm IPO to open on Dec 31 with price band of Rs 204-215 per share

Indo Farm Equipment on Tuesday fixed a price band of Rs 204 to Rs 215 per share for its initial share-sale that opens for public subscription on December 31. The Rs 260-crore issue will conclude on January 2 and the bidding for anchor investors will open for a day on December 30, the company announced. The initial public offering (IPO) of Indo Farm Equipment comprises fresh issue of 86 lakh equity shares and an offer for sale (OFS) of 35 lakh equity shares by promoter Ranbir Singh Khadwalia. Proceeds from the fresh issue will be used to set up a new dedicated unit for expansion of the company's pick & carry cranes manufacturing capacity, payment of debt, investment in the company's NBFC subsidiary Barota Finance for financing the augmentation of its capital base to meet its future capital requirements. Indo Farm Equipment manufactures tractors, pick & carry cranes and other farm equipment. At the upper end of the price band, the IPO size has been pegged at Rs 260 crore, ...

Senores, Ventive, Carraro IPOs to close: Check subscription status, GMP

Senores, Ventive, and Carraro IPOs' subscription window will close today. Here are all the details on subscription status, GMP, listing

IPOs see investor rush; five issues attract total bids worth Rs 1.4 trn

The IPOs of engineering and construction company Transrail Lighting and investment banking firm DAM Capital Advisors were subscribed over 80 times each

VC investments hit $16.7 billion this year powered by tech sector

At $6.50 bn, tech accounted for largest share, followed by consumer discretionary and financial sector

DAM Capital IPO receives 6.98 times subscription on Day 2 of offer

The initial public offer of investment bank DAM Capital Advisors Ltd received 6.98 times subscription on the second day of share sale on Friday. The IPO got bids for 14,52,54,503 shares against 2,08,04,632 shares on offer, as per data available with the NSE. Non-Institutional Investors part received 11.49 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 8.96 times. Qualified Institutional Buyers (QIBs) garnered 7 per cent subscription. The initial share sale of DAM Capital Advisors Ltd got fully subscribed hours after opening for bidding on Thursday. DAM Capital Advisors on Wednesday said it has raised Rs 251 crore from anchor investors. The initial share sale, with a price band of Rs 269-283 per share, will conclude on December 23. The IPO is solely an offer for sale (OFS) of 2.97 crore equity shares worth Rs 840.25 crore, by a promoter and investors at the upper end of the price band. Those selling shares in the OFS are promoter Dharm

Six issues fully subscribed today, IGI ends at 13% premium on listing day

Companies typically avoid December due to concerns about limited participation from foreign portfolio investors during the year-end holiday period

Sanathan Textiles IPO day 2: Check subscription status, GMP & other details

In the grey market, the unlisted shares of Sanathan Textiles were trading at Rs 391 apiece, as per sources, commanding a grey market premium (GMP) of 21.81 per cent or Rs 70 per share

Ventive Hospitality IPO opens; check GMP, recommendation and other details

Ventive Hospitality's public offering is available at a price band of Rs 610 to Rs 643 per share, with a lot size of 23 shares

Banner year beckons again for India after $19 billion IPO record this year

Vishal Mega Mart Ltd.'s trading debut Wednesday underscored this insatiable appetite for IPOs - shares of the retailer surged more than 40 per cent. The feeding frenzy is set to roll into 2025

3 out of 5 IPOs fully booked on Day 1; IKS Health surges 48% on debut

Mamata was subscribed 16.6 times, DAM 2.8 times, and Transrail 2.12 times. Meanwhile, Concord and Sanathan were subscribed 60 per cent and 48 per cent

Concord Enviro IPO opens today; Check GMP, price band: Should you bid?

The Concord Enviro IPO is a book-built issue, with a total size of Rs 500.33 crore. Concord Enviro IPO is structured as a combination of a fresh issue and an offer for sale (OFS)

Transrail Lighting IPO opens today, Dec 19; Should you bid or avoid?

Transrail Lighting IPO: In the OFS, promoter Ajanma Holdings Private Ltd will sell 10.1 million shares. At present, Ajanma Holdings holds an 83.22 per cent stake in the Mumbai-based company