Page 16 - Ipo

IPO-bound Swiggy announces fifth ESOP liquidity programme worth $65 million

So far, the company has cumulatively enabled over Rs 1,000 crore of ESOP liquidity over the five events, benefiting over 3,200 employees

Tunwal E-Motors IPO opens for subscription today; price, GMP, lot size here

Tunwal E-Motors initial public offering (IPO) is set to open for subscription on Monday, July 15. The IPO aims to raise Rs 115.64 crore

Ratlam-based Kataria industries to float Rs 54.5 cr IPO on July 16

Ratlam-based Kataria Industries has fixed the price band at Rs 91 to Rs 96 per share for its Rs 54.58-crore initial public offering, the company said on Sunday. The initial public offering (IPO) will be available for public subscription during July 16-19 and the bidding for anchor investors will open on July 15, the company said in a statement. The IPO is entirely a fresh issue of 56.85 lakh shares. The shares of the company will be listed on the NSE SME platform Emerge with a projected listing date of July 24, it added. The IPO comprises 50 per cent of the net issue for Qualified Institutional Buyers (QIBs), 35 per cent for retail investors and 15 per cent of the net issue for the non-institutional investor segment. The company proposes to utilise the net proceeds from the issue towards capital expenditure for plant and machinery, repayment of debt and general corporate purposes. At the upper end of the price band, the company will fetch up to Rs 54.58 crore. Further, investors c

Invesco lowers fair value, cutting Swiggy and Pine Labs valuations

US-based investor Invesco valued its 28,844 shares in Swiggy at $219.2 million, implying a total valuation of $12.3 billion, down from $12.7 billion in January 2024

Reliance Jio listing: Tariff hikes a trigger, but spinoff better option

The current minority investors in Jio may prefer the spin off route and RIL could also consider buyout of current institutional stakeholders in Jio after the spin off if it wanted to shore up stake

Emcure Pharma lists at 31% premium; should you buy, sell or hold the stock?

Emcure Pharmaceuticals listing today: According to analysts, Emcure Pharma is quoting at a reasonable valuation with a niche opportunity to invest in the gynaecology & HIV antivirals therapeutic areas

Ashwin Sheth to invest Rs 5,000 cr to expand biz, to launch IPO in 2 yrs

Realty firm Ashwin Sheth Group on Tuesday announced an investment of around Rs 5,000 crore to expand its business and plans to launch its maiden public issue in the next 18-24 months to raise up to Rs 3,000 crore. The Mumbai-based company said it has achieved sales bookings of around Rs 1,500 crore during the last fiscal, a three-fold increase from the 2022-23 financial year. "We are targeting to double our sales bookings to Rs 3,000 crore in the current 2024-25 fiscal," the company's CMD Ashwin Sheth told reporters here. He said the company plans to expand its business portfolio in the Mumbai Metropolitan Region (MMR) and is foraying into Bengaluru, Delhi-NCR. It is also exploring to enter Hyderabad, Chennai and Goa. "We are planning to launch an Initial Public Offering (IPO) in the next 18-24 months," Sheth said, adding that the company intends to raise Rs 2,000-3,000 crore through the public issue. Ashwin Sheth Group will also enter into other segments like warehousing. "Indi

Ganesh Green Bharat IPO opens today for bids; GMP, price, lot size here

Ganesh Green Bharat initial public offering (IPO) is set to open for subscription on Friday, July 5. The IPO aims to raise Rs 125.23 crores

Nephro Care IPO makes bumper debut on NSE SME; lists at 90% premium

Post listing, Nephro Care shares moved higher to Rs 179.55, and locked in 5 per cent upper circuit, quoting 99.50 per cent higher over the issue price on the NSE SME

Bansal Wire Industries' IPO gets subscribed 5.72 times on Day 2 of offer

The initial public offer of steel wire manufacturer Bansal Wire Industries received 5.72 times subscription on the second day of bidding on Thursday. The initial share sale received bids for 12,28,12,970 shares against 2,14,60,906 shares on offer, according to NSE data. The quota for non-institutional investors was subscribed 12.16 times while the portion for Retail Individual Investors (RIIs) fetched 6.18 times subscription. The Qualified Institutional Buyers (QIBs) part received a mere 9 per cent subscription. Bansal Wire Industries on Tuesday said it has collected over Rs 223 crore from anchor investors. The public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component. The issue, with a price band of Rs 243-256 per share, will close for public subscription on July 5. Funds will be used for the payment of debt, to support the working capital requirements of the company, and for general corporate purposes. Bansal Wire Indus

Steel manufacturer Bansal Industries' IPO subscribed 1.76 times on Day 1

The initial public offer of steel wire manufacturer Bansal Wire Industries received 1.76 times subscription on the first day of bidding on Wednesday. The initial share sale received bids for 3,77,76,154 shares against 2,14,60,906 shares on offer, according to NSE data. The quota for Retail Individual Investors (RIIs) got subscribed 2.47 times while the portion for non-institutional investors fetched 2.44 times subscription. The Qualified Institutional Buyers (QIBs) part received 1 per cent subscription. Bansal Wire Industries on Tuesday said it has collected over Rs 223 crore from anchor investors. The public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component. The issue, with a price band of Rs 243-256 per share, will be open for public subscription during July 3-5. Funds will be used for the payment of debt, to support the working capital requirements of the company, and for general corporate purposes. Bansal Wire Indust

Bain Capital-backed Emcure Pharma IPO fully subscribed on Day 1 of offer

The issue, with a price band of Rs 960 to Rs 1,008 per share, will be open for public subscription till July 5. The IPO comprises fresh issuance of equity shares worth Rs 800 crore

Stock Market Highlights, July 3: Sensex rises 545 pts, ends near 80,000; HDFC, Axis Bank gain 2%

Stock Market Highlights on July 3: In the broader markets, the BSE MidCap and the BSE SmallCap index rose 0.86 per cent each.

Namita Thapar-backed Emcure Pharma IPO opens: GMP, price, apply or not?

Emcure Pharmaceuticals initial public offering is set to open for subscription on Wednesday, July, 3, 2024

Investors subscribe Nephro Care India IPO by 716 times offer size

The initial public offering (IPO) of Nephro Care India was subscribed 715.85 times on Tuesday, helped by heavy participation from institutional investors. The Rs 41.26 crore initial share sale received bids for 2,23,00,38,400 shares against 31,15,200 shares on offer. The portion for non-institutional investors received 1,787.56 times subscription, the quota for retail individual investors subscribed 634.12 times, as per the NSE data. Additionally, the quota for qualified institutional buyers received 245.14 times subscription, and employee portion was subscribed 20.44 times, bringing the overall subscription to 715.85 times. The Kolkata-headquartered healthcare provider said on Friday raised Rs 11.14 crore from anchor investors. The IPO comprises fresh issuance of 45.84 lakh equity shares. Shares were available for public subscription in the range of Rs 85-90 per scrip. The kidney care provider intends to utilise Rs 26.17 crore of the IPO proceeds for setting-up a multi-speciali

Divine Power Energy makes stellar mkt debut, lists at 288% premium on NSE

Divine Power Energy Ltd (DPEL) made a stellar debut on the NSE Emerge platform today, listing at Rs 155 per share, a premium of 288 per cent over issue price of Rs 40

Stock Market Highlights, July 1: Mid, SmallCap indices hit record highs; Sensex gains 443 pts

Stock market Highlights on Monday, July 1, 2024: Tech M, Bajaj Finance, Ultratech Cement, TCS, Infosys, JSW Steel, HUL, HDFC Bank, Tata Motors, ITC, ICICI Bank, Titan were the top gainers today

Health insurer Niva Bupa files IPO papers to raise up to Rs 3,000 crore

It aims to use the proceeds from that sale to strengthen its balance sheet and for operating expenses

Street signs: Sensex, Nifty surge; Emcure IPO; Manufacturing funds gamble

Emcure Pharmaceuticals' shares are commanding a premium of over 25 per cent above their price band

Will have our cells in EVs by early 2025: Ola Electric's Bhavish Aggarwal

These cells would be manufactured from its newly set up Ola Gigafactory in Krishnagiri, Tamil Nadu