Page 17 - Ipo

Globe Civil Projects sets IPO price band at ₹67-71 to raise ₹119 crore

Globe Civil Projects Ltd, a civil construction and infrastructure development company, on Tuesday said it has fixed the price band at Rs 6771 per equity share for its forthcoming initial public offering (IPO). The issue will open for subscription on June 24 and will close on June 26, the company said in a statement. The company will fetch about Rs 119 crore at the upper end of the price band. Its shares will be listed on BSE and NSE. The funds will be raised through entirely fresh issuance of shares up to 16,760,560 equity shares of face value Rs 10 each, it said. Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery, while the remaining funds will be used for general corporate purposes and issue expenses, it added. For the nine months ended December 31, 2024, Globe Civil Projects posted a revenue from operations of Rs 254

StarBigBloc Building gets shareholders' approval to raise funds via IPO

StarBigBloc Building Material, a wholly-owned subsidiary of BigBloc Construction, on Tuesday said it has received shareholders' approval to raise funds through an initial public offering. The Initial Public Offering plan, cleared at an extraordinary general meeting held on June 13, is aimed at unlocking value, raising growth capital for expansion, and enhancing the valuation of the parent company BigBloc Construction, it said. The public issue proposal is subject to necessary regulatory approvals, prevailing market conditions, and other applicable clearances, it added. "The IPO will enable StarBigBloc Building Material to access capital markets, drive the next phase of expansion, and solidify its market position across India," Mohit Saboo, Director and Chief Financial Officer of BigBloc Construction, said. Incorporated in 2015, BigBloc Construction is one of the largest and only listed AAC block manufacturers in India, with a 1.3 million cubic meters annual capacity across plants i

Cordelia Cruise owner files DRHP, NSEIX inks MoU with CSE, and more

The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement to invest $60 million in Motilal Oswal Alternates' India Business Excellence Fund V G

PLI auto scheme for e2Ws needs to be revisited: Ather Energy cofounder

PLI should've been directed at startups - the real pushers of innovation, Tarun Mehta said

Fidelity marks up Lenskart to $6.1 bn ahead of planned $10 bn IPO

Fidelity raises Lenskart's valuation to $6.1 billion as the eyewear startup prepares to go public with a $1 billion raise and a target valuation of $10 billion

IPO-bound Allchem in legal tussle with Alkem over trademark infringement

IPO-bound Allchem Lifesciences adds legal dispute with Alkem to DRHP as Delhi HC directs both firms to mediation and next hearing is scheduled for 9 July

Aten Papers & Foam IPO Day 1: Check subscription, GMP, listing date, more

Aten Papers & Foam IPO is a book building of ₹31.68 crore. The issue is entirely a fresh issue of 3.3 million shares.

ArisInfra Solutions Ltd sets IPO price band at Rs 210-222 per share

ArisInfra Solutions Ltd on Friday fixed a price band of Rs 210 to Rs 222 per share for its nearly Rs 500-crore Initial Public Offering (IPO). The initial share sale will open for a public subscription on June 18 and conclude on June 20, the company announced. The IPO is a completely fresh issue of equity shares worth Rs 499.6 crore with no Offer For Sale (OFS) component. At the upper end of the price band, the company is valued at nearly Rs 1,800 crore. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from existing shareholders of its subsidiary, ArisUnitern Re Solutions Pvt Ltd, repayment of loan and for general corporate purposes. Arisinfra Solutions is a B2B technology-enabled company, focusing on simplifying and digitising the procurement process for construction materials. Between April 1, 2021 and March 31, 2024, the comp

JSW Cement begins roadshow ahead of next month's planned Mumbai IPO

JSW Cement could be joining a swelling pipeline of summer listings in India, where the central bank cut rates by a bigger-than-expected 50 basis points last week

Indian depository NSDL plans IPO for July, expects to raise $400 million

The listing of NSDL, the country's largest depositary in terms of assets under custody, is being managed by ICICI Securities Ltd., Axis Capital Ltd., HSBC Holdings Plc and IDBI Capital

Oswal Pumps prices its IPO in ₹584-₹614 range; opens on June 13

The ₹1,387-crore IPO includes a ₹890-crore fresh issue and ₹497-crore OFS, with funds earmarked for new plants, debt repayment, and Oswal Solar investment

Indian realty companies building up over Rs 15,000 crore IPO pipeline

Robust housing sales growth after the pandemic has prompted leading developers to unleash relevant inventory across markets, experts said

Kent RO, 3 others get Sebi nod for IPOs: Here's all you need to know

Upcoming IPOs: These companies are collectively expected to raise around ₹2,500 crore through their public issues

Karamtara Engineering gets Sebi nod for ₹1,750 cr IPO; check key details

Karamtara Engineering plans to raise ₹1,750 crore through a combination of fresh issue and offer for sale

TReDS platform M1xchange eyes IPO in 3-5 years, aims ₹1.25 trn biz in FY25

M1xchage, a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years. "Although the company has been profitable for the last two years, the initial public offering (IPO) is still a few years away. We would look at an IPO in 3-5 years, depending on market conditions," M1xchange Chief Executive Officer Sundeep Mohindru told PTI. M1xchage, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 lakh crore. Factoring as a business is picking up very well as it is win-win for the banks, buyers and sellers, he said, adding that the business has been witnessing a growth of 80-90 per cent on an annual basis. During the current financial year, he said the business is expected to reach Rs 1.25 lakh crore. Last year, the volume was to the tune of Rs 78,000 crore as compared to Rs 43,000 crore in FY24. The platform is ...

Sebi relaxes stance on the IPOs of companies with high public float

Sebi has clarified that large public shareholding alone does not violate listing norms, paving the way for IPOs from firms like HDB Financial, Hero FinCorp, and Vikram Solar

Scoda Tubes shares make flat D-Street debut, list at ₹140 on BSE

The listing price of Scoda Tubes was significantly below grey market estimates of ₹160

Lalit Suri Hospitality Group eyes IPO after 2026 amid expansion plans

Co looking at Management Contracts and Religious Tourism

With an eye on IPO, 5 startups in process of reverse-flipping: Bay Capital

Metrics such as customer acquisition cost (CAC), lifetime value (LTV) and retention rates are now well understood, making it easier for startups to communicate their value propositions

Aegis Vopak Terminals shares make muted D-Street debut, list at 6% discount

Aegis Vopak Terminals shares listed at ₹220 on the BSE, against the issue price of ₹235