Page 10 - Ipo

Glottis IPO receives over two times subscription on final day of bidding

The initial public offer of logistics service provider Glottis Ltd garnered 2.05 times subscription on the final day of bidding on Wednesday. The Rs 307-crore share sale received bids for 4,12,93,878 shares against 2,01,23,929 shares on offer, according to details available with the NSE. The component meant for non-institutional investors attracted 2.97 times subscription, while the category for Qualified Institutional Buyers (QIBs) received 1.87 times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 1.42 times. Glottis on Friday said it has mobilised a little over Rs 55 crore from anchor investors. The price band for the offer is Rs 120-129 per share. At the upper end, the company is valued close to Rs 1,200 crore. The Chennai-based company's IPO is a combination of a fresh issue of equity shares worth Rs 160 crore and an offer for sale (OFS) of up to 1.14 crore equity shares valued at Rs 147 crore at the upper end, by promoters. Proceeds from the fr

LG Electronics India seeks $8.7 billion valuation in October IPO

LG Electronics India Ltd. got regulatory approval for its updated draft red herring prospectus on Thursday and filed the final version on Tuesday

LG Electronics India to launch its ₹15,000 crore IPO on October 7

LG Electronics India Ltd, the local subsidiary of South Korean conglomerate LG, is preparing to launch its Initial Public Offering (IPO) on October 7. The share sale will remain open for subscription until October 9, while the bidding for anchor investors will open on October 6, the company said in its Red Herring Prospectus (RHP) filed on Tuesday. This will be the second South Korean company to tap the Indian stock market following the listing of Hyundai Motors India Ltd in October last year. LG Electronics India had filed its preliminary papers with Sebi in December for an IPO in which the parent company will offload more than 10.18 crore shares, representing about 15 per cent stake. The company received the regulator's approval for the public offering in March. The company did not disclose the total issue size, but people familiar with the matter had earlier pegged the IPO size at Rs 15,000 crore. Since the public issue is completely an Offer For Sale(OFS), LG Electronics Ind

OYO-owned Innov8 revenue jumps 58% to ₹38 crore in June quarter

OYO Group-owned co-working firm Innov8 has posted 58 per cent increase in its revenue for June quarter FY26 at Rs 38 crore on better demand for managed office spaces. Its revenue stood at Rs 24 crore in the year-ago period. In a statement on Tuesday, the company said its profitability also strengthened, with Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surging to Rs 8 crore from Rs 3 crore year-on-year. During 2024-25 fiscal, Innov8 revenue surged to Rs 123 crore from Rs 75 crore in the preceding year. EBITDA also improved to Rs 70 crore from Rs 47 crore. The profit stood at Rs 7 crore in the last fiscal. Innov8 attributed the growth in revenue to an improvement in average monthly membership revenue (AMMR) per seat, which increased by 21 per cent year-on-year to Rs 10,000. "This sustained momentum in Innov8's revenue growth and profitability is driven by asset-light model that leverages landlord-led capex for capital-efficient expansion, and its ability

Tata Investment shares up for 3rd day on heavy volumes, zoom 32% in 6 days

Shares of Tata Investment Corporation hit a new high of ₹9,596.75, surging 9 per cent on the BSE in Tuesday's intra-day trade in an otherwise subdued market.

Want more retail investors in Tata Capital story: MD & CEO Rajiv Sabharwal

Sabharwal noted that they have been in regular communication with the regulator, and the RBI has granted its consent for the slight delay

Fabtech Technologies IPO receives 70% subscription on first day of issue

The initial public offer of Fabtech Technologies Ltd, a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry, received 70 per cent subscription on the first day of the share sale on Monday. The IPO got bids for 84,20,325 shares against 1,20,60,000 shares on offer, according to NSE data. The quota for qualified institutional buyers (QIBs) was subscribed 77 per cent, and the retail individual investors (RIIs) category received 70 per cent bidding. The portion meant for non-institutional investors attracted 46 per cent subscription. Fabtech Technologies has fixed a price band of Rs 181-191 per share for its Rs 230-crore initial public offering (IPO). The initial share sale will conclude on October 1. The company's IPO is entirely a fresh issue of up to 1.2 crore equity shares worth Rs 230 crore at the upper end of the price band. Proceeds from the IPO will be used for funding the working capital requirements of the company, pursuing inorgan

PayNearby plans to raise funds via IPO in FY27, says CEO Anand Kumar Bajaj

"We have initiated the IPO process and talks with three merchant bankers. We will soon select a merchant banker to proceed with the process," he said

Tata Capital IPO to open October 6, anchor investor bids from October 3

Tata Capital filed its red herring prospectus with Sebi for an IPO opening October 6 and closing October 8, with anchor investor subscriptions beginning October 3

Curefoods secures ₹160 crore pre-IPO placement from 3State Ventures

Curefoods allots 12.8 million equity shares at Rs 124 each to Binny Bansal's 3State Ventures in a pre-IPO placement, ahead of its Rs 800 crore fresh issue and OFS under SEBI norms

Tata Capital's IPO likely to hit market in the first half of October

Tata Capital is set to launch its IPO in October to raise Rs 16,500-17,500 crore, providing growth capital for 2-3 years as Tata group stake declines to 86.5% post issue

Anand Rathi Share and Stock Brokers IPO fully subscribed on Day Two

The initial share sale of Anand Rathi Group's brokerage arm, Anand Rathi Share and Stock Brokers Ltd, got subscribed 1.11 times on the second day of bidding on Wednesday. The three-day Initial Public Offer (IPO) received bids for 1,48,34,376 shares against 1,33,63,342 shares on offer, according to NSE data. The quota for non-institutional investors fetched 1.88 times subscription and that of Retail Individual Investors (RIIs) received 1.37 times subscription. The Qualified Institutional Buyers (QIBs) portion got subscribed 2 per cent. Anand Rathi Share and Stock Brokers on Monday announced raising a little over Rs 220 crore from anchor investors. The shares are available for subscription at a price band of Rs 393-414 per share for the company's Rs 745-crore IPO. The broking firm's IPO is entirely a fresh issuance of shares with no offer for sale (OFS) component. Proceeds of the IPO to the tune of Rs 550 crore would be allocated to fund the company's long-term working capital ...

Jain Resource Recycling IPO receives 73% subscription on day one

The initial public offer of Jain Resource Recycling Ltd received 73 per cent subscription on the first day of bidding on Wednesday. The three-day IPO got bids for 2,27,44,384 shares against 3,12,49,999 shares on offer, as per NSE data. The quota for qualified institutional buyers (QIBs) garnered 1.11 times subscription. The category for retail individual investors (RIIs) received 51 per cent bidding, and the portion for non-institutional investors got subscribed 12 per cent. Jain Resource Recycling Ltd has mobilised a little over Rs 562 crore from anchor investors. The IPO, with a price band of Rs 220-232 per share, will conclude on September 26. At the upper end, the company is valued at over Rs 8,000 crore. The Tamil Nadu-based company's IPO has a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale (OFS) valued at Rs 750 crore. The OFS comprises the sale of shares worth Rs 715 crore by promoter Kamlesh Jain and Rs 35 crore by shareholder Mayank ...

GK Energy's ₹464-crore IPO gets 89.62 times subscription by final day

The initial public offer of GK Energy Ltd, a solar-powered agricultural water pump systems provider, received a whopping 89.62 times subscription as it drew to a close on Tuesday. The Rs 464-crore IPO got bids for 1,98,77,78,982 shares against 2,21,80,828 shares on offer, as per data available with the NSE. The portion for Qualified Institutional Buyers (QIBs) got subscribed a huge 186.29 times. The component meant for non-institutional investors attracted 122.73 times subscription. Retail Individual Investors (RIIs) category received 20.79 times subscription. GK Energy on Thursday said it has collected over Rs 139 crore from anchor investors. The price band has been fixed at Rs 145-153 per share. The Pune-based firm's offering is a combination of fresh issue of shares worth Rs 400 crore and an offer-for-sale (OFS) of 42 lakh equity shares, worth Rs 64.26 crore at the upper end, by selling shareholders. Proceeds from the fresh issue to the extent of Rs 322.5 crore will be utilise

Jaro Education IPO receives 87% subscription on first day of share sale

The initial public offer of Jaro Institute of Technology Management and Research Ltd (Jaro Education) received 87 per cent subscription on the first day of share sale on Tuesday. The company's IPO got bids for 32,41,168 shares against 37,23,404 shares on offer, according to details available with the NSE. The quota for non-institutional investors garnered 1.82 times subscription. Retail Individual Investors (RIIs) portion got subscribed 69 per cent, and that of Qualified Institutional Buyers (QIBs) 47 per cent. Jaro Institute of Technology Management and Research on Monday said it mopped up Rs 135 crore from anchor investors. The issue, with a price band of Rs 846 to Rs 890 per share, will conclude on September 25. The company's IPO has a fresh issue of shares worth Rs 170 crore and an Offer for Sale (OFS) of shares valued at Rs 280 crore by promoter Sanjay Namdeo Salunkhe. Of the fresh issuance, Rs 81 crore has been earmarked for marketing, brand building and advertising activit

Solarworld Energy raises ₹220.5 cr from anchor investors ahead of IPO

Solar energy solutions provider Solarworld Energy Solutions on Monday said it has garnered Rs 220.5 crore from anchor investors ahead of its initial share-sale opening for public subscription. Pinebridge Global Funds, Motilal Oswal Mutual Fund (MF), Singularity Equity Fund I, VQ Fastercap Fund II, Citigroup Global Markets Mauritius and BNP Paribas Financial Markets are among the anchor investors, according to a circular uploaded on BSE's website. As per the circular, Solarworld Energy Solutions has allotted 62.82 lakh equity shares to 15 funds at Rs 351 apiece. The Rs 490-crore initial public offering (IPO) will open for subscription on September 23 and conclude on September 25. The price band has been fixed in the range of Rs 333 to Rs 351 per share. At the upper end, the company is valued over Rs 3,000 crore. The IPO is a combination of fresh issuance of equity shares worth Rs 440 crore, and an offer-for-sale of shares valued Rs 50 crore by promoter Pioneer Facor IT ...

GK Energy IPO worth ₹464 cr sees 6.41 times subscription on day two

The initial public offering of GK Energy Ltd, a solar-powered agricultural water pump systems provider, garnered 6.41 times subscription on the second day of share sale on Monday. The IPO received bids for 14,22,08,192 shares against 2,21,80,828 shares on offer, as per NSE data. The portion for non-institutional investors fetched 10.05 times subscription while the quota for retail individual investors got subscribed 6.84 times. Qualified institutional buyers quota received 2.90 times subscription. GK Energy on Thursday said it has collected over Rs 139 crore from anchor investors. The Rs 464-crore IPO will conclude on Tuesday. The price band has been fixed at Rs 145-153 per share. The Pune-based firm's offering is a combination of fresh issue of shares worth Rs 400 crore and an offer-for-sale (OFS) of 42 lakh equity shares, worth Rs 64.26 crore at the upper end, by selling shareholders. Proceeds from the fresh issue to the extent of Rs 322.5 crore will be utilised for funding the

Atlanta Electricals IPO subscribed 97% on the first day of bidding

The initial public offer of Atlanta Electricals Ltd, manufacturer of power, auto and inverter duty transformers, got subscribed 97 per cent on the first day of bidding on Monday. The received bids for 63,51,928 shares against 65,38,439 shares on offer, as per NSE data. The categories for Qualified Institutional Buyers (QIBs) and non-institutional investors got full subscription. Retail Individual Investors (RIIs) quota got subscribed 95 per cent. Atlanta Electricals Ltd on Friday said it has raised Rs 205 crore from anchor investors. The company's Rs 687-crore initial public offering (IPO) will conclude on September 24. The price band of Rs 718-754 per share values the company at roughly Rs 5,800 crore at the upper end. The Gujarat-based company's IPO is a combination of a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS) of 38.1 lakh equity shares valued at Rs 287 crore at the upper end of the price band, by a promoter and other selling shareholders. Th

PhonePe posts 40% revenue surge, turns free cash flow positive ahead of IPO

Fintech firm crosses Rs 7,000 crore in revenue as adjusted EBITDA and PAT soar; diversification into lending and broking fuels growth momentum

Mutual funds leave insurance companies in the shade on anchor allotments

Insurance participation in IPOs has risen but MF allocations have grown even faster