Page 18 - Ipo Activity

Canara Bank to sell a 13% stake in Canara Robeco AMC through IPO

However, the stake sale is subject to regulatory approvals from the Reserve Bank of India and Department of Financial Services, Ministry of Finance, Govt. of India

IPO mop-up increases 20% to Rs 62,000 crore during FY24, shows data

Mobilisation of IPO in FY24 surged 58 per cent compared to FY23, excluding the mega LIC IPO

Trust Fintech SME IPO opens today: Check GMP, anchor issue & other details

Trust Fintech has raised Rs 18.05 crore from allocating nearly 1.8 million shares at Rs 101 to anchor investors ahead of the IPO

Creative Graphics Solutions India's Rs 54 cr IPO to open on March 28

Integrated packaging ecosystem player Creative Graphics Solutions India Ltd on Friday said its Rs 54.4-crore initial share-sale will open for public subscription on March 28. The public issue will conclude on April 4 and the bidding for anchor investors will open for a day on March 27, the company said in a statement. After the completion of the Initial Public Offering (IPO), shares of the company will be listed on the NSE's Emerge -- a platform for small and medium enterprises. The Noida-based company's IPO comprises a fresh issue of 64 lakh equity shares worth Rs 54.4 crore at the upper end of the market. The price band for the issue has been fixed at Rs 80-85 per share. Proceeds from the IPO will be used to meet working capital requirements of the company, repay debt, support working capital expenditure, fund inorganic growth through unidentified acquisition and general corporate expenses. Creative Graphics specialises in manufacturing flexographic printing plates and serves it

Krystal Integrated Services IPO subscribed 70% on second day of offer

The initial public offer of facility management and security services provider Krystal Integrated Services received 70 per cent subscription on the second of bidding on Friday. The initial share sale got bids for 21,00,940 shares against 29,99,448 shares on offer, as per NSE data. The portion for non-institutional investors got subscribed 1.15 times, while the category for Retail Individual Investors (RIIs) received 58 per cent subscription. The quota for Qualified Institutional Buyers (QIBs) fetched 57 per cent subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 175 crore and an offer-for-sale of up to 1,750,000 equity shares. The initial share sale is priced in the range of Rs 680-715 a share. Krystal Integrated Services has mopped up over Rs 90 crore from anchor investors. The company began operations in 2000 as a private security staff provider and from 2005 entered the facility management segment. Around 70 per cent of its facility management business

JG Chemicals makes weak market debut following IPO, shares decline 17%

Shares of JG Chemicals Ltd on Wednesday ended with a discount of nearly 17 per cent against the issue price of Rs 221. The stock made its debut at Rs 211, lower by 4.52 per cent, from the issue price on the BSE. During the day, it tanked 18 per cent to Rs 181.20. Shares of the company ended at Rs 184.65, down 16.44 per cent. At the NSE, shares of the company listed at Rs 209, a discount of 5.42 per cent. It ended at Rs 183.70, lower by 16.87 per cent. The company's market valuation stood at Rs 723.57 crore. In the broader equity market, the 30-share BSE Sensex ended 906.07 points lower at 72,761.89, while the Nifty declined 338 points to 21,997.70. The Initial Public Offer (IPO) of JG Chemicals was subscribed 27.78 times on the final day of bidding on Thursday. The Rs 251.2 crore IPO was in a price range of Rs 210-221 a share. The zinc oxide manufacturer's initial public offer had a fresh issue of shares of up to Rs 165 crore and an offer for sale of up to 39 lakh shares. The .

India roils market with new crackdowns on booming IPO financing, gold

Paytm is still down more than 40% since its banking affiliate was barred from adding deposits after people familiar with the matter said it failed to properly vet hundreds of thousands of clients

Popular Vehicles sets price band at Rs 280-295 for its Rs 602 crore IPO

Kochi-based Popular Vehicles and Services, engaged in the automotive dealerships and services space, on Wednesday fixed Rs 280-295 as the price band for its Rs 602-crore initial share sale that opens on Tuesday next week. The issue consists of Rs 250 crore of fresh issue and Rs 352 crore of offer for sale by the promoters led by Naveen Philip, the managing director of the company, and his Kuttukaran family, which now holds 69 per cent of the company. Promoter Banyan Tree Growth Capital is selling 19 per cent of its 29 per cent ownership in the company. Post-issue, the promoters' shareholding will fall to 61 per cent while that of Banyan Tree will come down to 10 per cent, John Verghese, the chief financial officer of the company, told PTI here. Banyan Tree has been with Popular since 2015 when it had picked up 33 per cent for Rs 65 crore. In the run-up to the issue, the PE had sold 3 per cent at Rs 355 a share back to the company. According to Verghese, the floor price is 140 time

JG Chemicals' Rs 251.2 crore IPO subscribed 6.39 times on Day 2 of offer

The initial share sale of JG Chemicals received 6.39 times subscription on the second day of bidding on Wednesday. The Rs 251.2 crore-initial public offer received bids for 5,21,75,446 shares against 81,68,714 shares on offer, according to data available with the NSE. The quota for non-institutional investors fetched 9.63 times subscription while the Retail Individual Investors (RIIs) part got subscribed 8.30 times. The category for Qualified Institutional Buyers (QIBs) received 45 per cent subscription. The zinc oxide manufacturer's Initial Public Offer (IPO) has a fresh issue of up to Rs 165 crore and an offer-for-sale of up to 39 lakh equity shares. Its price range is fixed at Rs 210-221 a share. JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 91 crore will be utilised for investing in JG Chemicals' material subsidiary BDJ Oxides and Rs 35 crore will be used for funding the long-term working .

Gensol Group's Matrix Gas & Renewables raises Rs 350 cr in pre-IPO round

Funding will help expand gas aggregation business and buy city gas distribution assets, says firm

Tata Sons may fetch valuation up to $96 billion in IPO, says Spark

Based on a peak valuation of $96 billion, even a 5% stake in the company would still be worth more than Life Insurance Corp of India's $2.7 billion IPO in 2022

Ceigall India files IPO papers with Sebi, eyes Rs 618 cr via fresh issue

Infrastructure company Ceigall India Ltd has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an Initial Public Offering (IPO). The Ludhiana-based company's IPO is a combination of a fresh issue of Rs 617.69 crore and an Offer For Sale (OFS) of up to 1.43 crore equity shares by the promoters, and an individual selling shareholder, according to the draft red herring prospectus filed on Sunday. Promoters and promoter group entities -- Ramneek Sehgal, Ramneek Sehgal and Sons HUF, Avneet Luthra, Mohinder Pal Singh Sehgal, Parmjit Sehgal, Simran Sehgal -- and individual shareholder Kanwaldeep Singh Luthra are divesting their stakes in the proposed public issue. The offer includes a reservation for subscription by eligible employees. The company may consider raising Rs 123.50 crore in the pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 118.78 crore will be

Mukka Proteins IPO receives 136.89 times subscription on last day of offer

The initial share sale of Mukka Proteins, which manufactures fish meal, fish oil and fish soluble paste, received 136.89 times subscription on the last day of bidding on Monday. The Rs 224 crore-Initial Public Offer (IPO) got bids for 7,66,57,65,155 shares against 5,60,00,435 shares on offer, according to data available with the NSE. The portion for non-institutional investors got subscribed 250.26 times, while the portion for Qualified Institutional Buyers (QIBs) received 189.28 times subscription. The quota for Retail Individual Investors (RIIs) fetched 58.36 times subscription. The company fixed the price band at Rs 26-28 a share for the IPO. The issue was entirely a fresh issue with no Offer For Sale (OFS) component. Mukka Proteins on Wednesday raised a little over Rs 67 crore from anchor investors. Of the total proceeds, Rs 120 crore will be used towards working capital requirements and up to Rs 10 crore for investment in its associate, Ento Proteins, for funding its working

Mukka Proteins IPO subscribed 6.96 times on the second day of offer

The initial public offer of Mukka Proteins, which manufactures fish meal, fish oil and fish soluble paste, received 6.96 times subscription on the second day of bidding on Friday. The Rs 224 crore-initial share sale received bids for 38,99,15,490 shares against 5,60,00,435 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) got subscribed 10.20 times while the category for non-institutional investors received 6.22 times subscription. The portion for Qualified Institutional Buyers (QIBs) fetched 1.86 times subscription. The Initial Public Offer (IPO) of up to 8 crore equity shares is in a price range of Rs 26-28 a share. The issue is entirely a fresh issue with no Offer For Sale (OFS) component. Mukka Proteins on Wednesday raised a little over Rs 67 crore from anchor investors. Of the total proceeds, Rs 120 crore will be used towards working capital requirements and up to Rs 10 crore for investment in its associate, Ento Proteins, for funding its work

Bharat Highways InvIT's Rs 2,500 crore IPO fully subscribed on day two

The Initial Public Offer (IPO) of Bharat Highways InvIT got fully subscribed on the second day of bidding on Thursday. The IPO received bids for 10,57,27,500 units against 10,30,12,800 units on offer, translating into 1.03 times subscription, according to data available with the NSE. The category for other investors received 2.24 times subscription and the quota for institutional investors got subscribed 2 per cent. The initial public offer aggregating up to Rs 2,500 crore is in a price range of Rs 98-100 per unit. Bharat Highways InvIT on Tuesday said it collected Rs 826 crore from anchor investors. Proceeds from the issue will be utilised to provide loans to the project SPVs (Special Purpose Vehicles) for repayment of their outstanding loans. Bharat Highways InvIT is an infrastructure investment trust established to acquire, manage, and invest in a portfolio of infrastructure assets in India. Its initial portfolio consists of seven road assets, all operating on HAM (Hybrid Ann

Platinum Industries' Rs 235 crore IPO subscribed 98.99 times on closing day

Platinum Industries' initial public offering got subscribed 98.99 times on the closing day of subscription on Thursday. The Rs 235 crore-initial share sale received bids for 95,35,53,843 shares against 96,32,988 units on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs) got 151 times subscription, while the quota for non institutional investors received 141.80 times subscription. The part for Retail Individual Investors (RIIs) got subscribed 50.92 times. The Initial Public Offer (IPO) had a fresh issue of up to 1,37,61,225 equity shares. It had a price range of Rs 162-171 a share. Platinum Industries mobilised over Rs 70 crore from anchor investors. It is a multi-product company engaged in the business of manufacturing stabilisers. Unistone Capital was the manager to the offer.

Exicom Tele-Systems' Rs 429 crore IPO subscribed 129.52 times on last day

The Initial Public Offering (IPO) of EV charger maker Exicom Tele-Systems Ltd got subscribed a whopping 129.52 times on the last day of subscription on Thursday. The Rs 429 crore-initial share sale received bids for 2,36,03,94,900 shares against 1,82,23,540 shares on offer, as per NSE data. The portion for non-institutional investors got subscribed 153.20 times, while the category for Qualified Institutional Buyers (QIBs) received 121.80 times subscription. The Retail Individual Investors (RIIs) part attracted 119.51 times subscription. The IPO got fully subscribed within hours of opening for bidding on Tuesday. It had a fresh issue of equity shares aggregating up to Rs 329 crore and an Offer For Sale (OFS) component of up to 70.42 lakh equity shares worth Rs 100 crore, at the upper end of the price band, by promoter NextWave Communications. At present, NextWave Communications holds a 76.55 per cent stake in the company, and HFCL, part of the promoter group, owns a 7.74 per cent

Mukka Proteins Rs 224 crore IPO subscribed 2.47 times on Day 1 of offer

The initial public offer of Mukka Proteins, which manufactures fish meal, fish oil and fish soluble paste, was subscribed 2.47 times on the first day of bidding on Thursday. The Rs 224 crore-initial share sale received bids for 13,81,99,060 shares against 5,60,00,435 shares on offer, as per NSE data. The Retail Individual Investors (RIIs) part fetched 3.69 times subscription, while the quota for non institutional investors got subscribed 1.55 times and the portion for Qualified Institutional Buyers (QIBs) received 1.01 times subscription. The Initial Public Offer (IPO) of up to 8 crore equity shares is in price range of Rs 26-28 a share. The issue is entirely a fresh issue with no Offer For Sale (OFS) component. Mukka Proteins on Wednesday raised a little over Rs 67 crore from anchor investors. Of the total proceeds, Rs 120 crore will be used towards working capital requirements and up to Rs 10 crore for investment in its associate, Ento Proteins, for funding its working capital .

RK Swamy's Rs 423 cr IPO with price band of Rs 270-288 to open on March 4

Integrated marketing services firm RK Swamy Ltd on Wednesday fixed a price band of Rs 270-288 per share for its a little over Rs 423-crore Initial Public Offering (IPO). The initial share sale will be opened for public subscription during March 4-6 and the bidding for anchor investors will open for a day on March 1, the company said in a statement. The Rs 423.56-crore IPO comprises a fresh issue of shares aggregating up to Rs 173 crore and an Offer For Sale (OFS) of up to 87 lakh equity shares by selling shareholders worth Rs 250.56 crore at the upper end of the price band. Those offering shares in the OFS are -- Srinivasan K Swamy, Narasimhan Krishnaswamy, Evanston Pioneer Fund LP, and Prem Marketing Ventures LLP. Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aided telephonic interview centres as well as for general corporate purposes. Also, funds would be util

RK Swamy to launch Rs 173 cr IPO, OFS of 8.7 mn equity shares on Mar 4

Integrated marketing services firm RK Swamy Ltd is set to float its initial public offering on March 4. The initial share sale will conclude on March 6 and the bidding for anchor investors will open for a day on March 1, according to the Red Herring Prospectus (RHP). The company's proposed Initial Public Offering (IPO) comprises a fresh issue of shares aggregating up to Rs 173 crore and an Offer For Sale (OFS) of up to 87 lakh equity shares by selling shareholders, according to the Draft Red Herring Prospectus (DRHP). Those offering shares in the OFS are Srinivasan K Swamy, Narasimhan Krishnaswamy, Evanston Pioneer Fund L.P, and Prem Marketing Ventures LLP. RK Swamy Ltd. Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aided telephonic interview centres as well as for general corporate purposes. Also, funds would be utilised for investment in the IT infrastructure