Page 3 - Ipo Fundraising

DAM Capital Advisors IPO crosses halfway mark; Check latest GMP, review

DAM Capital Advisors' unlisted shares were trading at Rs 431 apiece, reflecting a grey market premium (GMP) of Rs 148, or 52.3 per cent against the upper end of the IPO price of Rs 283

Mamata Machinery IPO opens today: GMP up 82%; Should you subscribe?

Ahead of its public offering launch, unlisted shares of Mamata Machinery were commanding a strong premium in the grey market, indicating favorable sentiment for the IPO

DAM Capital Advisors IPO GMP zooms 38% ahead of launch; Should you apply?

DAM Capital Advisors IPO is set to open for public subscription on Thursday, December 19, 2024. Check IPO details, GMP, key dates, brokerage reviews, and more

Upcoming IPO: Anand Rathi's brokerage arm files draft papers with Sebi

With the IPO, Anand Rathi Share and Stock Brokers is planning to raise up to Rs 745 crore, which comprises an entire fresh issue of shares with a face value of Rs 5 apiece

Vishal Mega Mart IPO GMP zooms 32% ahead of launch; Should you subscribe?

Vishal Mega Mart IPO opens for public subscription on Wednesday, December 11, 2024, and will remain available for subscription until Friday, December 13, 2024

Upcoming IPO: Travel Food Services files DRHP with Sebi to raise Rs 2000-cr

The company's listed industry peers include Jubilant FoodWorks, Devyani International, Sapphire Foods India, Westlife Foodworld, and Restaurant Brands Asia

LG Electronics India IPO: Strengths, weaknesses, and key details from DRHP

The IPO, which is entirely an offer for sale (OFS), will see Seoul-based parent LG Electronics divesting up to 101,815,859 equity shares of face value Rs 10 each from its Indian subsidiary

Rekha Jhunjhunwala-backed Inventurus IPO to open on Dec 12; know more here

Unlisted shares of Inventurus Knowledge Solutions were trading at Rs 1,554 apiece in the grey market, reflecting a premium of Rs 225 or 16.93 percent over the upper price band of Rs 1,329

BlackBuck IPO: GMP holds steady ahead of opening; key details for investors

The public offering of BlackBuck will remain open for subscription from Wednesday, November 13, 2024, to Monday, November 18, 2024

Supply chain startup Zetwerk considers raising $1 billion through IPO

Zetwerk's technology platform helps connect suppliers and customers in areas such as aircraft engine manufacturing, consumer electronics and home appliances

Diwali delight: Hyundai Motor India IPO to spark investor interest; details

The Hyundai Motor India IPO will mark the first time in two decades that a carmaker has gone public in India, following Maruti Suzuki's listing in 2003

822 IPOs globally aimed to raise $65bn till August; India tops APAC tally

Investors, the report suggests, are shifting towards larger, more valuable IPOs at the global level despite the reduced number of listings thus far in 2024

Upcoming IPO alert: DAM Capital Advisors files DRHP with Sebi; details

DAM Capital Advisors has revealed that its initial public offering comprises an offer for sale of up to 3.206 crore shares of the company

Bluestone raises Rs 900 cr in pre-IPO round, valuation doubles to $970 mn

Rs 900 crore raised by Bluestone includes Rs 600 crore in primary capital infusion, while the remaining Rs 300 crore came from secondary share sales

Kronox Lab Sciences IPO opens today for bids; check price bands, GMP

Kronox Lab Sciences IPO price band is set at Rs 129 to Rs 136 per share. The minimum lot size for an application is 110 shares

Rulka Electricals IPO oversubscribed 13.7 times on day 2; check price, GMP

Rulka Electricals SME IPO's present GMP on May 17th, 2024 is Rs 235. With a price band of Rs 235.00, Rulka Electricals SME IPO's estimated listing price is Rs 470 with an expected listing gain of

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 ...

Healthcare firm Nephro Care India files papers to raise funds via IPO

Healthcare provider will use the proceeds to set up a hospital in Kolkata and for general corporate purposes

Fundraising through SME IPOs hit a new high in FY24, Rs 5,579 crore raised

Investors should not take long-term positions in SME IPOs unless they are familiar with the sector and the company, analyst cautions

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