Page 11 - Ipo

Vikram Solar stock up 10%; why is this newly listed stock in demand?

Vikram Solar has received a major order of 336 MW high-efficiency solar modules from LT Construction

Supreet Chemicals files IPO draft papers with Sebi to raise ₹499 cr

Supreet Chemicals Ltd has filed preliminary papers with markets regulator Sebi for raising Rs 499 crore through an initial public offering (IPO) to fund its greenfield project and pare debt. The IPO will be entirely a fresh issue of equity shares with no offer-for-sale component, according to the draft red herring prospectus (DRHP) filed on Friday. The specialty chemicals company plans to use Rs 310 crore for financing its greenfield project, Rs 65 crore for paying debt and remaining funds for meeting general corporate expenses. The company's total outstanding borrowings amounted to over Rs 200 crore as of March 2025, the draft papers showed. The company may also consider raising up to Rs 99 crore through a pre-IPO placement. If undertaken, fresh issue size will be reduced accordingly. Headquartered in Gujarat, Supreet Chemicals is specialty chemical intermediates manufacturer with expertise in handling over 15 complex chemistries. Its products cater to industries including textil

Chartered Speed submits draft papers with Sebi for ₹855 crore IPO

Chartered Speed Ltd has filed preliminary papers with markets regulator Sebi to raise Rs 855 crore through an initial public offering (IPO). The proposed IPO comprises a fresh equity raise of Rs 655 crore and an offer-for-sale of shares worth Rs 200 crore by promoters Pankaj Gandhi and Alka Pankaj Gandhi, according to the draft red herring prospectus (DRHP) filed on Thursday. From the fresh issue, Rs 97 crore will be used to invest in electric buses, Rs 396.4 crore will be utilised for debt payment, and the balance will be allocated for general corporate purposes. The company may also consider a pre-IPO placement of up to Rs 131 crore, in which the size of the fresh issue will be reduced accordingly. Ahmedabad-based Chartered Speed, incorporated in 2007 and converted into a public company in 2018, is among India's leading passenger mobility firms. As of June 30, 2025, it operated a fleet of over 2,000 buses across 500 cities, serving about 3.5 lakh passengers daily. Its inter-cit

Urban Company sets price band at ₹98-103 per share for ₹1,900 cr IPO

Investors can apply for a minimum of 145 equity shares and in multiples thereof. A discount of Rs 9 per share is being offered to eligible employees applying under the employee reservation portion

Sebi clears IPOs of 13 firms including Urban Company, Boat's parent

Sebi has approved IPOs for 13 companies, including Urban Company and Boat's parent Imagine Marketing, with issues worth Rs 15,000 crore expected in the coming months

Sugs Lloyd IPO receives 3.23 times subscription on final day of offer

The initial share sale of integrated EPC player Sugs Lloyd received 3.23 times subscription on the final day of the offer on Tuesday amid encouraging participation from institutional investors. The initial share sale received bids worth over Rs 246.74 crore, the company said in a statement. The quota for non-institutional investors received 5.30 times the subscription, while the portion for the individual investors category was subscribed 2.12 times. The qualified institutional buyer segment fetched 2.03 times subscription, bringing the overall subscription to 3.23 times on the final day of bidding. The price band of the issue was fixed at Rs 117-123 per share. The initial public offering (IPO) is entirely a fresh issue of up to 69.64 lakh equity shares with a face value of Rs 10 each. Sugs Lloyd intends to utilise Rs 64 crore of the total IPO proceeds towards working capital requirements to support its business expansion, and the remaining capital will be used for general corpora

Amanta Healthcare IPO subscribed 19.60 times offer size on day 2 of offer

The initial public offer of Amanta Healthcare Ltd received 19.60 times subscription on the second day of bidding on Tuesday. The Rs 126-crore IPO got bids for 13,72,33,656 shares against 70,00,000 shares on offer, according to NSE data. The quota for non-institutional investors fetched 36.39 times subscription, while the category for retail individual investors (RIIs) subscribed 23.31 times. The Qualified Institutional Buyers (QIBs) portion received 53 per cent subscription. The company's initial public offering (IPO) has a fresh issue of up to 1 crore shares. The price range for the offer has been fixed at Rs 120-126 per share. The IPO will conclude on Wednesday. Beeline Capital Advisors is the book-running lead manager to the offer.

boAt's parent firm Imagine Marketing secures Sebi approval for IPO

Imagine Marketing, parent company of boAt, has secured Sebi approval for its IPO through the pre-filing route, eyeing a $1.5 bn valuation

Kiaasa Retail gets BSE approval for ₹55 crore IPO to fund expansion plans

Women's ethnic wear brand Kiaasa Retail on Monday said it has received approval from the BSE to launch its initial share sale on the exchange's SME platform. The Ghaziabad-based retailer had filed its draft red herring prospectus (DRHP) with the BSE on April 18 and secured final in-principle approval on August 29, marking a significant milestone in its journey to becoming a listed entity, the company said in a statement. The proposed IPO will comprise a fresh issue of equity shares aggregating up to Rs 55 crore. The proceeds from the fresh issue will be utilised for new store opening & future expansions. "We're thrilled to have secured BSE approval for our IPO, marking a major milestone in our growth journey. With investor support, we're poised for a successful listing debut, excited to take our company to new heights," said Kiaasa Retail's Managing Director Om Prakash. Director Amit Chauhan added that this milestone underscores the company's potential and growth prospects. "We ...

Vikran Engineering IPO sees 23.59 times subscription on last day

The initial public offer of infrastructure company Vikran Engineering Ltd received 23.59 times subscription on the last day of share sale on Friday. The Rs 772-crore IPO got bids for 1,38,59,17,880 shares against 5,87,39,128 shares on offer, as per NSE data. The portion meant for non-institutional investors garnered 58.58 times subscription, while the quota for Qualified Institutional Buyers (QIBs) got subscribed 19.45 times. Retail Individual Investors (RIIs) portion fetched 10.97 times subscription. Vikran Engineering on Monday mobilised Rs 231.6 crore from anchor investors. The price band has been fixed at Rs 92-97 per share. The initial public offer (IPO) is a mix of fresh issue of shares of about Rs 721 crore and an offer-for-sale portion worth Rs 51 crore by the promoter. The Mumbai-based company intends to utilise proceeds from the fresh issue to the tune of Rs 541 crore for funding working capital requirements and the rest for general corporate purposes. Vikran Engineeri

Groww gets Sebi approval for $1 billion IPO at $7-8 billion valuation

Groww has received Sebi approval for its $1 billion IPO, which will be India's largest capital market fundraise, valuing the firm at $7-8 billion after profit tripled in FY25

Anlon Healthcare IPO subscribed 3.30 times on Day 2 of share sale

The initial public offer of Anlon Healthcare Ltd got subscribed 3.30 times on the second day of share sale on Thursday. The Rs 121-crore IPO received bids for 4,39,34,124 shares against 1,33,00,000 shares on offer, according to data available with the NSE. Retail Individual Investors (RIIs) part fetched 22.32 times subscription. The quota for non-institutional investors received 2.09 times subscription and Qualified Institutional Buyers (QIBs) part got subscribed 1.01 times. The initial public offer (IPO) has a fresh issue of aggregating up to 1.33 crore shares. Price range for the offer is fixed at Rs 86-91 per share. Interactive Financial Services Ltd is the book-running lead manager to the offer.

Vikran Engineering garners 2.38 times subscription on Day 1 of IPO

The initial public offering of Vikran Engineering, an infrastructure EPC company, garnered 2.38 times subscription on the first day of bidding on Tuesday. The initial share sale received bids for 13,97,19,696 shares against 5,87,39,128 shares on offer, according to data available with the NSE. Non-institutional investors part attracted 5.15 times subscription, while the quota for retail individual investors got subscribed 2.32 times. Qualified institutional buyers part fetched 41 per cent subscription. Vikran Engineering on Monday mobilised Rs 231.6 crore from anchor investors. The Rs 772-crore initial public offering (IPO) will open for subscription on August 26 and will conclude on August 29. The price band has been set at Rs 92-97 per share. The IPO is a mix of fresh issue of shares of about Rs 721 crore and an offer-for-sale portion worth Rs 51 crore by the promoter. The Mumbai-based company intends to utilise proceeds from the fresh issue to the tune of Rs 541 crore for fund

Sebi relaxes IPO norms for large firms, steps up action on finfluencers

The Securities and Exchange Board of India (SEBI) on Tuesday said it is undertaking significant reforms to enhance market integrity, facilitate large initial public offerings (IPOs), and strengthen investor protection against manipulation and fraudulent practices. SEBI Whole-time Director Kamlesh Chandra Varshney said the regulator has floated a consultation paper proposing to extend the deadline for achieving 25 per cent public shareholding to 10 years for exceptionally large companies. Currently, companies must meet this requirement within five years of listing. This relaxation, he said, will make large IPOs such as that of the National Stock Exchange more feasible. Varshney added that SEBI is advising merchant bankers and anchor investors to adopt realistic and conservative valuations in IPOs to avoid post-listing price erosion that could dent retail investor confidence. SEBI is also intensifying its crackdown on unregistered investment advisors and financial influencers who ...

Gem Aromatics' ₹451 cr IPO subscribed 30.27 times at ₹309-325 price band

The initial public offer of speciality ingredients manufacturer Gem Aromatics Ltd got subscribed 30.27 times on the last day of share sale on Thursday. The IPO received bids for 29,61,15,202 shares against 97,82,363 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) part got subscribed 55.28 times, while the category for non-institutional investors received 45.06 times subscription. The quota for Retail Individual Investors (RIIs) fetched 10.31 times subscription. Gem Aromatics on Monday mobilised over Rs 135 crore from anchor investors. The price band has been fixed at Rs 309 to Rs 325 per share. The IPO is a mix of fresh issue of equity shares worth up to Rs 175 crore and an offer for sale (OFS) of up to 85 lakh shares valued at Rs 276.25 crore. Proceeds from the fresh issue will be used by Gem Aromatics for debt repayment and general corporate purposes. Gem Aromatics is a manufacturer of speciality ingredients, including essential oils, aroma chemicals, a

Vikram Solar's ₹2,079 cr IPO subscribed 54.63 times on strong demand

Solar module maker Vikram Solar's initial public offer garnered 54.63 times subscription on the last day of bidding on Thursday. The IPO received bids for 2,47,81,57,740 shares against 4,53,61,650 shares on offer, as per NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched a huge 142.79 times subscription. Non Institutional Investors' part received 50.90 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 7.65 times. Vikram Solar on Monday mobilised Rs 621 crore from anchor investors. The Rs 2,079-crore initial public offering (IPO) has a price band of Rs 315 to Rs 332 per share. The IPO includes fresh issues of equities worth up to Rs 1,500 crore and an offer for sale (OFS) of over 1.74 crore shares, valued at around Rs 579.37 crore at the upper end of the price band, by its promoters. Of the fresh issuance, the company plans to use the proceeds for funding capital expenditure for investment in its wholly owned subsidiary,

India becomes rare hub for clean energy IPOs as firms eye $4 billion boost

Starting with Vikram Solar Ltd this week, more than a dozen green-energy companies have lined up to go public, seeking to raise more than $4 billion in total

Gem Aromatics IPO subscribed 2.9 times on second day of bidding

Speciality ingredients manufacturer Gem Aromatics's Rs 451-crore initial public offer garnered 2.90 times subscription on the second day of bidding on Wednesday. The three-day IPO received bids for 2,83,51,410 shares against 97,82,363 shares on offer, as per NSE data. Non-institutional investors category got subscribed 3.95 times, while the quota for Retail Individual Investors (RIIs) received 3.19 times subscription. Qualified Institutional Buyers (QIBs) part fetched 1.54 times subscription. Gem Aromatics on Monday mobilised over Rs 135 crore from anchor investors. The Rs 451-crore IPO will conclude on Thursday. The price band has been set at Rs 309 to Rs 325 per share. The IPO is a mix of fresh issue of equity shares worth up to Rs 175 crore and an offer for sale (OFS) of up to 85 lakh shares valued at Rs 276.25 crore. Proceeds from the fresh issue will be used by Gem Aromatics for debt repayment and general corporate purposes. Gem Aromatics is a manufacturer of speciality ...

Shreeji Shipping Global IPO garners 6.59 times subscription on day 2

The initial public offer of Shreeji Shipping Global Ltd, a provider of shipping and logistics solutions for dry bulk cargo, garnered 6.59 times subscription on the second day of share sale on Wednesday. The three-day share sale received bids for 7,51,80,354 shares against 1,14,08,600 shares on offer, according to NSE data. Non-Institutional Investors quota fetched 11.22 times subscription, while the category for Retail Individual Investors (RIIs) got subscribed 6.99 times. Qualified Institutional Buyers (QIBs) part received 2.42 times subscription. The Rs 411-crore initial share sale of Shreeji Shipping Global Ltd received 2.13 times subscription on the first day of the share sale on Tuesday. Shreeji Shipping Global Ltd on Monday mobilised more than Rs 123 crore from anchor investors. The initial public offering (IPO), with a price band of Rs 240-252 per share, would be available for subscription till Thursday. Shreeji Shipping Global's IPO is entirely a fresh issue of 1.63 crore

Gem Aromatics ₹451 cr IPO fully subscribed on first day of bidding

The initial share sale of Gem Aromatics Ltd, a manufacturer of speciality ingredients, got fully subscribed on day one of bidding on Tuesday. The initial public offering (IPO) received bids for 1,00,64,616 shares against 97,82,363 shares on offer, translating into 1.03 times subscription, as per NSE data. Retail Individual Investors (RIIs) part received 1.08 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 1.05 times. Non-institutional investors category received 88 per cent subscription. Gem Aromatics on Monday mobilised over Rs 135 crore from anchor investors. The Rs 451-crore IPO will conclude on August 21. The price band has been set at Rs 309 to Rs 325 per share. The IPO is a mix of fresh issue of equity shares worth up to Rs 175 crore and an offer for sale (OFS) of up to 85 lakh shares valued at Rs 276.25 crore. Proceeds from the fresh issue will be used by Gem Aromatics for debt repayment and general corporate purposes. Gem ..