The initial public offer of Regaal Resources Ltd, a maize-based speciality product manufacturer, received 5.94 times subscription on the first day of bidding on Tuesday. The initial share sale got bids for 12,47,19,552 shares against 2,09,99,664 shares on offer, according to NSE data. Non Institutional Investors part fetched 10.77 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 5.58 times. Qualified Institutional Buyers (QIBs) category received 2.94 times subscription. Regaal Resources Ltd on Monday mobilised around Rs 92 crore from anchor investors. The price band has been fixed at Rs 96-102 per share. The IPO has a fresh issue of shares worth Rs 210 crore and an offer-for-sale of 94.12 lakh shares valued at Rs 96 crore by promoters, at the upper end of the price band. This aggregates the issue size to Rs 306 crore. Following the issue, the promoters' stake will reduce to approximately 71 per cent from 100 per cent. Of the fresh issue ..
The three-day IPO received bids for 63,89,570 shares against 1,65,14,421 shares on offer, according to data available with the NSE
Regaal Resources Ltd, one of India's largest maize-based specialty product manufacturers, on Monday mobilised around Rs 92 crore from anchor investors, a day before its initial public offering (IPO) opening for subscription. The institutional investors who participated in the anchor round included Taurus Mutual Fund, VPK Global Ventures Fund, Meru Investment Fund PCC-Cell 1, Benami Capital, Sunrise Investment Opportunities Fund, Authum Investment and Infrastructure Fund and Holani Venture Capital Fund, according to a circular uploaded on BSE's website. As per the circular, the company has allotted over 89.99 lakh equity shares to these investors at Rs 102 apiece, aggregating the fund raising to Rs 91.79 crore. To support the expansion and debt repayment, the Kolkata-headquartered company will launch its IPO on August 12, which will close on August 14.The price band has been fixed at Rs 96-102 per share. The IPO comprises a fresh issue of shares worth Rs 210 crore and an ...
Shipping and logistics solutions provider Shreeji Shipping Global Ltd, which on Monday fixed the price band at Rs 240-252 per share for its Rs 411-crore initial public offering, said the company may look at more overseas ports to expand its marine assets business. The company also said it has received a Letter of Intent (LOI) for setting up floating crane facilities for cargo and container lightening/topping-up at Diamond Harbour and other deep-draft locations under Syama Prasad Mookerjee Port, Kolkata, for 15 years. Earlier, the Jamnagar (Gujarat)-based Shreeji Shipping Global said it has fixed a price band of Rs 240-252 per share for its Rs 411-crore IPO, which will hit the market on August 19. The company said it plans to use Rs 251.2 crore of the IPO proceeds for the acquisition of dry bulk carriers in the supramax category in the secondary market, and Rs 23 crore for repaying debt. "We will be exploring various ports where there is lighterage and minor port operations. So be i
Plan could value the government-controlled mortgage giants at some $500 billion or more and would involve selling between 5% and 15% of their stock with an offering expected to raise about $30 billion
Electronics maker Amber Enterprises is planning a ₹4,200 crore investment under ECMS, while exploring pre-IPO or private equity options for ILJIN Electronics
Shares of National Securities Depository Limited (NSDL) hit a new high of ₹997.65 in intra-day trade, zooming 25 per cent against its issue price of ₹ 800 per share in two days.
JSW Cement, part of the diversified JSW Group, on Wednesday mobilised Rs 1,080 crore from anchor investors, a day before its initial share-sale opening for public subscription. This anchor portion witnessed participation from domestic and foreign institutional investors including Nomura, Government of Singapore, Abu Dhabi Investment Authority, Morgan Stanley Investment Fund, Goldman Sachs (Singapore) Pte and Kuwait Investment Authority, according to a circular uploaded on BSE's website. Also, SBI Mutual Fund (MF), Nippon India MF, Tata MF, Aditya Birla Sun Life MF, Motilal Oswal MF and SBI Life Insurance Company are among investors. As per the circular, JSW Cement has allotted 7,34,69,386 equity shares to 52 funds at Rs 147 apiece. This aggregates the transaction size to Rs 1,080 crore. The company has set a price band of Rs 139-147 per share, valuing the 17-year-old company at Rs 20,000 crore at the upper end of the price band. The IPO, which includes a fresh issue of Rs 1,600 c
According to Prime Infobase data, the industrial sector has emerged as the frontrunner with nine IPOs so far this year, closely followed by consumer discretionary with seven
Shares of HDB Financial, Brigade Hotel and Kalpataru were trading at their lowest point since the listings in July.
JSW Cement sets a price band of Rs 130-147 for its Rs 3,600 crore IPO, which will open on August 7. The IPO includes a fresh issue and an offer for sale by selling shareholders
Knowledge Realty Trust, sponsored by realty firm Sattva Group and Blackstone, on Monday garnered Rs 1,620 crore from anchor investors ahead of its REIT public issue opening for public subscription. Those who have been allotted shares in the anchor round included TATA AIG General Insurance Company, Life Insurance Corporation of India, Nippon India Mutual Fund (MF), Axis MF, Tata MF, Amundi, Wells Capital, Jhunjhunwala Trust and 360 ONE, according to a circular uploaded on BSE's website. As per the circular, Knowledge Realty Trust has allotted 16.2 crore units to anchor investors at Rs 100 per unit. Additionally, the company received a strategic allocation of Rs 1,200 crore from institutional investors. The Rs 4,800-crore REIT initial public offering will be open from August 5-7. The company has set a price band of Rs 95 to Rs 100 per unit. This initial public offering (IPO) is entirely a fresh issuance of units by Knowledge Realty Trust. In early March, KRT filed the draft red her
Internet company Rediff is exploring options, including an initial public offering, to raise up to USD 100 million (around Rs 875 crore) to accelerate its push into enterprise-grade email, business productivity suite and digital payments, according to sources. The company, which is majority owned by financial technology company Infibeam Avenues Ltd, is considering options such as launching an IPO, private placement, or through private equity participation to raise capital, sources privy to the development said. The board of Rediff.com is currently evaluating fundraising options and is expected to finalize the structure in the coming weeks, they said. However, the IPO option has a high chance of being chosen by management for its USD 100 million fundraising, sources said. When contacted, Rediff Senior Vice-President for Corporate Development, Ashish Mehrota, said, Yes, our company explores various fundraising options from time to time. At this stage, we do not have anything specific
The NSDL IPO sees over 40 times more demand than shares on offer, with institutional and retail portions heavily oversubscribed. The issue is a secondary share sale by major institutions
Sebi's proposals to ease IPO processes, including reducing retail quotas and lowering mandatory dilution, are expected to boost institutional participation and make large IPOs more flexible
Sebi noted that while average IPO sizes have been increasing, direct retail participation has remained flat over the past three years
Shares of Brigade Hotel Ventures Ltd on Thursday ended with a discount of over 5 per cent against the issue price of Rs 90. The stock began trading at Rs 82, down 8.88 per cent from the issue price on the BSE. During the day, it tumbled 9.45 per cent to Rs 81.49. Shares of the firm ended at Rs 85.40 apiece, a decline of 5.11 per cent. On the NSE, the stock started trading at Rs 81.10, a discount of 9.88 per cent. Shares of the firm ended at Rs 85.32, down 5.2 per cent. The company's market valuation stood at Rs 3,243.86 crore. The initial share sale of Brigade Hotel Ventures Ltd fetched 4.48 times subscription on the closing day of bidding on Monday. The initial public offering (IPO) had a price band of Rs 85-90 per share. Brigade Hotel Ventures' IPO was entirely a fresh issue of equity shares worth Rs 759.6 crore with no offer-for-sale (OFS) component. Proceeds from the issue to the tune of Rs 468.14 crore will be used for the payment of debt, Rs 107.52 crore will be utilised f
Blackstone- and Sattva-backed office REIT to raise ₹4,800 crore next week; India's largest REIT on listing eyes 60% net income growth by FY29
From the 1992 Harshad Mehta scam to its public listing in 2025: How NSDL helped modernise and build the dematerialised capital market ecosystem in India
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