Page 17 - Ipo Activity

Aimtron Electronics IPO opens today; check price bands, lot size, GMP

Aimtron Electronics initial public offering (IPO) is set to open for subscription on Thursday, May 30, 2024. This is a book-built issue aiming to raise Rs 87.02 crores

Awfis Space Solutions IPO subscribed 4.27 times on second day of offer

The initial public offer of co-working space operator Awfis Space Solutions received 4.27 times subscription on the second day of bidding on Thursday. The Rs 599 crore initial share sale received bids for 3,68,85,732 shares against 86,29,670 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) got subscribed 12.25 times, while the category for non-institutional investors fetched 6.81 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 32 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 128 crore and an offer for sale of up to 1,22,95,699 equity shares. The price range for the offer is fixed at Rs 364-383 per share. The IPO of Awfis Space Solutions was fully subscribed on the first day of bidding on Wednesday. Awfis Space Solutions Ltd on Tuesday said it has mopped up a little over Rs 268 crore from anchor investors. Promoter Peak XV Partners Investments V (formerly known as SCI Invest

IPO Alert: Awfis Space Solutions opens today: Should you subscribe?

Awfis Space Solutions IPO opens for subscription on May 22, 2024, and closes on May 27, 2024. The allotment for the IPO is expected to be finalised on Tuesday, May 28, 2024

Senior Flipkart execs Prabh Simran Singh, Sankalp Mehrotra to step down

They join the growing list of top officials who have left Flipkart in past few months. Many of the executives at large companies are quitting either to start their own companies or join smaller firms

Awfis Space Solutions' IPO to open on May 22, at Rs 364-383 per share

Flexible workspace solutions company Awfis Space Solutions Ltd on Thursday fixed a price band of Rs 364-383 per share for its Rs 599 crore initial public offering. The company's maiden public issue will open on May 22 and conclude on May 27 and the bidding for anchor investors will open for a day on May 21, according to a statement. Awfis Space Solutions' proposed initial public offering (IPO) is a combination of fresh issue shares to the tune of Rs 128 crore and an offer for sale (OFS) of 1.23 crore shares worth Rs 471 crore at the upper end of the price band. This takes the total IPO size to Rs 599 crore. Promoter Peak XV Partners Investments V (formerly known as SCI Investments) and shareholders Bisque Limited and Link Investment Trust will offload shares in the OFS. At present, Peak XV holds 22.86 per cent stake in Awfis Space Solutions, Bisque and Link Investment Trust own 23.47 per cent and 0.36 per cent stake, respectively, in the company. Proceeds from the fresh issue woul

HOAC Foods IPO Day 1: Check subscription status, GMP, financials & more

The IPO, which opened on Thursday, May 16, has been oversubscribed 13.57 times, indicating robust demand from investors

TBO Tek makes strong market debut; lists at 50% premium over issue price

On the NSE, TBO Tek made debut at Rs 1,426 per share, a 55 per cent premium to its issue price of Rs 920

WhiteOak MF launches spl opportunities fund; Allied Blenders gets IPO nod

Allied Blenders and Distillers, the maker of Officer's Choice Whisky, has received Sebi's go-ahead to raise Rs 1,500 crore through an IPO, an update with the markets regulator showed on Tuesday

Refractory Shapes sees strong debut, lists at 142% premium on NSE SME

The Refractory Shapes IPO, valued at approximately Rs 18.60 crore, comprises a fresh issue of 6,000,000 equity shares with a face value of Rs 10, with no offer-for-sale component

Energy Mission Machineries IPO opens today, May 9: All you need to know

The price band for the IPO issue is set at Rs 131 to Rs 138 per share, with a minimum lot size of 1,000 shares

Piotex Industries IPO to open on May 10, price fixed at Rs 94 per share

Piotex Industries, a leading supplier of yarn, fabric and cotton bale on Wednesday said its initial public offering (IPO) will hit the capital market on Friday to raise Rs 14.47 crore from public investors. The initial public offering (IPO) of the company will open for subscription on May 10 and conclude on May 14. The shares of the company will be listed on the BSE's SME platform, the company said in a statement. The Pune-headquartered company has fixed the price of Rs 94 per equity share. The public offer is entirely a fresh issue of up to 15,39,600 equity shares with a face value of Rs 10 per share, according to the red herring prospectus (RHP). Investors can bid for a minimum of 1,200 equity shares and in multiples thereof. The company proposes to utilise the net proceeds from the fresh issue to fund its working capital requirements, general corporate purposes and meet issue expenses. Piotex Industries works on an asset-lite model. These products are used for various purposes

TBO Tek IPO opens today: Check price band, GMP, analysis, financials

Set up in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, operates as a travel distribution platform

Premier Roadlines IPO to open on May 10, price band at Rs 63-67 per share

Logistics solutions provider Premier Roadlines on Tuesday said it has fixed the price band at Rs 63 to Rs 67 per equity share for its initial public offer which will hit the capital market on Friday to mop up a little over Rs 40 crore. The company's shares will open for public subscription on May 10 and end on May 14. Shares of the company will be listed on the NSE's SME platform EMERGE, the company said in a statement. The public offer is entirely a fresh issuance of up to 60.24 lakh equity shares, according to the Red Herring Prospectus (RHP). The IPO comprises 50 per cent of the net issue for QIB, 35 per cent for retail investors and 15 per cent for Non-Institutional Investors (NII). At the upper end of the price band, the company will raise up to Rs 40.36 crore from the initial public offering (IPO). The company intends to utilise the proceeds from the issue to pare debt availed by the company, purchase vehicles for commercial purposes, meet working capital requirements and ..

FirstCry set to withdraw $500 million IPO papers after regulatory scrutiny

For the year ended March 31, 2023, its losses jumped six times to $57.6 million, while its total income more than doubled to $684 million, its draft papers show

Emmforce Autotech's Rs 53 cr IPO gets 365 times subscription on final day

Niche auto components manufacturer Emmforce Autotech on Thursday said its initial public offering received an overwhelming response from the investors as it was subscribed 365 times on the final day of bidding. The Rs 53.90 crore initial share sale received bids for 1,33,27,10,400 shares against 36,57,600 shares on offer, the company said. The category for Non-Institutional Investors (NII) fetched 862 times subscription, the quota for Retail Individual Investors (RII) subscribed 268 times and the Qualified Institutional Buyer (QIB) portion fetched 161 times subscription, bringing the overall subscription to 365 times on the last day of bidding on Thursday. The Initial Public Offer (IPO) had a fresh issue of 54.99 lakh equity shares with a face value of Rs 10 each through the book-building route. The IPO had a price range of Rs 93-98 a share. On Monday, Emmforce AutoTech Ltd said it had raised Rs 15.34 crore from anchor investors. The Panchkula-headquartered company manufactures a

Swiggy secures shareholders' approval to raise over Rs 10,400 cr via IPO

Food and grocery delivery major Swiggy has received shareholders' approval for an initial public offering to raise Rs 10,414 crore fund through issue of fresh equity shares and an offer for sale, according to sources. A special resolution was passed at an extraordinary general meeting of Swiggy on April 23, they said. According to sources, the Bengaluru-based company plans to raise up to Rs 3,750 crore funds through fresh equity shares, in addition to an offer-for-sale component of up to Rs 6,664 crore. The company is looking to shore up about Rs 750 crore from anchor investors in a pre-IPO round, they added. Swiggy, founded in 2014, has a valuation of USD 12.7 billion as on April 10, 2024. Its annual revenue stood at USD 1.09 billion as on March 31, 2023. The company has more than 4,700 employees, according to Tracxn, a global startup data platform.

RCRS files draft papers with NSE Emerge, plans to raise funds via IPO

RCRS Innovations intends to utilise net proceeds from the offering to meet its working capital requirement and expand its battery manufacturing capacity

TBO Tek, Awfis Space Solutions receive Sebi's approval to float IPO

Travel distribution company TBO Tek Ltd and flexible workspace solutions firm Awfis Space Solutions Ltd have received markets regulator Sebi's go-ahead to raise funds through Initial Public Offerings (IPOs). The two firms, which filed their preliminary IPO papers with the regulator between November and December, obtained their observations during April 15-16, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. In Sebi's parlance, its observations mean it's going ahead to float the public issue. TBO Tek's maiden public issue comprises a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of up to 15,635,996 equity shares by promoters and investors, according to the Draft Red Herring Prospectus (DRHP). Those selling shares in the OFS are promoters -- Gaurav Bhatnagar, Manish Dhingra and LAP Travel -- and investors -- TBO Korea and Augusta TBO. Funds raised from the fresh issue will be used for the growth and ...

Speciality chemicals company Kronox Lab Sciences gets Sebi nod to float IPO

Speciality chemicals company Kronox Lab Sciences has received Sebi's go ahead to raise funds through an initial public offering (IPO), an update with the capital markets regulator showed on Thursday. The proposed offer comprises a fresh issue of equity shares worth Rs 45 crore and an offer for sale (OFS) of 78 lakh equity shares by promoters, according to the draft red herring prospectus (DRHP). As per market sources, the estimated IPO size is Rs 150 crore. The company, which filed preliminary IPO papers with Sebi in January this year, obtained its observations on April 12, the latest update showed. In Sebi's parlance, obtaining observations means its go ahead to float the public issue. As per the draft papers, proceeds from the fresh issue will be utilised for funding the working capital requirements and general corporate purposes. Vadodara-based Kronox is a manufacturer of high-purity specialty fine chemicals. Its products find application in a wide spectrum of industries for .

JNK's Rs 650 cr IPO to open on Apr 23, sets price band at Rs 395-415/share

Heating equipment maker JNK India Ltd on Thursday said it has fixed a price band of Rs 395-415 per share for its Rs 650-crore initial public offering (IPO). The initial share-sale will be open for public subscription during April 23-25 and the bidding for anchor investors will open for a day on April 22, the company said in a statement. The IPO is a combination of fresh issue of equity shares worth up to Rs 300 crore and an Offer-for-Sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder. Those offloading shares in the OFS are promoters -- Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co Ltd and Mascot Capital and Marketing Pvt Ltd -- and a shareholder Milind Joshi. At the upper end of the price band, the IPO price has been pegged at Rs 650 crore. Proceeds from the fresh issue will be used for funding working capital requirements and general corporate purposes. Half of the issue size has been reserved for qualified institutional buyers, 3