Page 54 - Ipo Market

Netweb Technologies IPO subscribed more than 2 times on first day of issue

Netweb has set Rs 475-500 as the price band for its maiden share sale. At the upper end of the price band, the company is valued at Rs 2,803 crore, nearly 60 times on FY23 earnings

Shri Techtex plans to raise Rs 45-50 cr through IPO: Executive Director

Ahmedabad-based technical textile manufacturer Shri Techtex Ltd plans to raise Rs 45-50 crore through its initial public offering (IPO) to expand and grow its business. The company has filed DRHP (draft red herring prospectus) earlier this year to launch its IPO. The shares will be listed on NSE Emerge. It will use the issue proceeds to fuel its growth and expand margins. The company expects to raise Rs 45-50 through the IPO, said Hanskumar Agarwal, Executive Director, Shri Techtex Ltd. According to the objects of the proposed public issue, the proceeds will be used mainly for the construction of the factory shed (Rs 3.71 crore), commissioning of a solar plant (Rs 4.89 crore), purchase of machinery (Rs 8.34 crore), and meeting working capital requirement (Rs 13.30 crore). Shri Techtex is eyeing to cross Rs 100 crore-mark in revenues by FY26, riding on a direct foray into the US market, expansion in product portfolio and improved capacities. As per the draft paper, Shri Techtex's

$3.9 billion: Block deals gain momentum in June, hit three-year high

Activity in block deals is seen as a precursor to growth in the IPO market, say bankers

IdeaForge IPO fully booked on day 1; should you bid? Read what analysts say

According to IPO watch, shares of IdeaForge enjoyed a premium of Rs 450 in grey markets, implying a likely listing price of Rs 1,122 on the upper price band

HMA Agro Industries' IPO subscribed 32% on the first day of issue

HMA Agro Industries is one of India's largest exporters of frozen buffalo meat products and accounts for more than 10% of India's total export of frozen buffalo meat

IKIO Lighting makes strong debut on bourses, rises 40% on listing day

The initial public offering of IKIO Lighting was subscribed to 66.3 times

Should you subscribe to IKIO Lighting IPO? Here's what brokerages suggest

The Noida-based company will debut bourses on June 16, and join listed peers Dixon Technologies, Amber Enterprises, Syrma SGS, and Elin Electronics

IKIO Lighting sets Rs 606-crore IPO price band at Rs 270-285/share

LED lighting solution provider IKIO Lighting Ltd on Thursday said it has fixed a price band of Rs 270-285 per share for its Rs 606-crore initial public offering (IPO). The issue will be open for public subscription during June 6-8 and the bidding for anchor investors will open on June 5, the Noida-based company said in a statement. The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh equity stocks by promoters Hardeep Singh and Surmeet Kaur. At the upper end of the price band, the initial share-sale will fetch Rs 606.5 crore. Proceeds from the fresh issuance worth Rs 50 crore will be used for debt payment, Rs 212.31 crore will be used in the company's wholly-owned subsidiary, IKIO Solutions, to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. The company said that half of the issue size has been reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors a

Fitch upgrades IPO-bound Oyo's long-term issuer rating to 'positive'

Agency sees major growth in Oyo's Ebitda in FY24, led by ongoing demand recovery in travel and tourism, the company's stable gross margins, and reduction in operating costs

Street Signs: IPO market to feel June burn, No mountain too high for Nifty

The initial public offering (IPO) market has yet to benefit from the gains in the secondary market in recent months. The IPOs of IKIO Lighting and JG Chemicals may hit the market next month

Mamaearth parent files papers for IPO, co-founders to dilute stake

Honasa Consumer was valued at $1.2 bn in January, making it the first unicorn of 2022

Market volatility forces many companies to let go of their IPO plans

Industry players say some companies plan to re-file their DRHPs so that they can have another stab at listing

Landmarks Cars makes weak debut; stock lists 7% below issue price

Post listing, the stock extended decline and slipped 12 per cent below its issue price to Rs 446.45

After this year's IPO slump, bankers are now wary of relief in 2023

A mix of rising inflation and interest rate hikes aimed at taming it have hurt stock market valuations and eroded investor appetite for the high-growth IPO candidates that have driven deals

IPO pipeline in India seen active in 2023 on smaller deals, shows data

Only 2 companies raised more than $500 mn via public offers in 2022

Uniparts India IPO: Here's why analysts recommend subscribing to the issue

Uniparts India IPO: Brokerages say the issue is reasonably valued given the company's robust financial profile and leading global market position in its core products

Over Rs 5,000-cr IPOs may hit mkts in Dec as investor sentiment perks up

Primary market momentum seen sustaining in an otherwise 'lacklustre' month

Paytm's 75% share slump is world's worst for large IPOs in a decade

Paytm's stock price dive is the steepest first-year slide globally among IPOs that raised at least the same amount since Spain's Bankia SA's 82% drop in 2012

Five Star Business Finance IPO kicks off: Should you subscribe?

The 1,960 crore initial public offering (IPO) of Five-Star Business Finance opened for subscription on Wednesday, November 9 and will close on Friday, November 11

Bikaji Foods International IPO subscribed 27 times; Medanta 10 times

Bikaji's IPO was entirely a secondary share sale worth Rs 881 crore, while Medanta consisted of Rs 1,705-crore secondary share sale and Rs 500 crore worth of fresh fund raise