Page 31 - Ipo

Ceigall India's IPO subscribed 13.75 times on last day of share sale

The initial public offer of infrastructure company Ceigall India got subscribed 13.75 times on the last day of share sale on Monday. The Rs 1,252.66-crore initial share sale received bids for 30,68,91,912 shares against 2,23,13,663 shares on offer, as per NSE data. The quota for Qualified Institutional Buyers (QIBs) received 31.50 times subscription while non-institutional investors' part got subscribed 14.40 times. The portion for Retail Individual Investors (RIIs) garnered 3.72 times subscription. The Ludhiana-based company's IPO is a combination of a fresh issue of Rs 684.25 crore and an offer-for-sale (OFS) of up to 1.42 crore equity shares worth Rs 568.41 crore, at the upper end of the price band, by the promoters, and an individual shareholder. This takes the total issue size to Rs 1,252.66 crore. Price range for the offer is Rs 380-401 per share. Ceigall India on Wednesday said it has mobilised Rs 375 crore from anchor investors. Proceeds from the fresh issue will be used

Baazar Style Retail raises Rs 37 cr from Volrado Partners in pre-IPO round

Baazar Style Retail Ltd on Monday said it has mobilised Rs 37 crore from venture-capital fund Volrado Ventures Partners Fund II in a pre-IPO (initial public offering) round. With this, the IPO-bound company's fresh issue size has been reduced to Rs 148 crore, from Rs 185 crore earlier. Additionally, the Kolkata-based company's maiden public issue consists of an Offer-For-Sale (OFS) component of up to 1.68 crore shares by promoter group entities and other selling shareholders, according to the draft red red herring prospectus (DRHP). Under the OFS, Rekha Rakesh Jhunjhunwala will sell 27.23 lakh equity shares, Intensive Softshare Private Ltd will offload 22.40 crore shares and Intensive Finance Pvt Ltd will divest 14.87 lakh shares among others. The offer includes a reservation for subscription by eligible employees. In a public announcement on Monday, Baazar Style Retail said it had undertaken a private placement of 9,56,072 equity shares to Volrado Ventures Partners Fund II at an

Street signs: Rs 12,000 crore IPO gauntlet, regulatory quake, and more

The Securities and Exchange Board of India's proposed tightening of derivatives trading rules is expected to have a profound impact on stock exchanges

Hero FinCorp files for Rs 3,668 crore IPO; Akums IPO subscribed over 50x

Among the selling shareholders for Hero FinCorp are AHVF II Holdings (Apollo Management), Apis Growth, Link Investment Trust, and Otter

Infra company Ceigall India's IPO subscribed 61% on Day 1 of offer

The initial public offer of infrastructure company Ceigall India received 61 per cent subscription on the first day of bidding on Thursday. The Rs 1,252.66-crore initial share sale received bids for 1,35,07,627 shares against 2,23,13,663 shares on offer, as per the NSE data. The category for non-institutional investors received 90 per cent subscription, while the retail individual investors part got subscribed 80 per cent. Ceigall India on Wednesday said it has mobilised Rs 375 crore from anchor investors. The initial public offering (IPO) has a price band of Rs 380 to Rs 401 per share. The public issue will conclude on August 5. The Ludhiana-based company's IPO is a combination of a fresh issue of Rs 684.25 crore and an Offer-For-Sale (OFS) of up to 1.42 crore equity shares worth Rs 568.41 crore, at the upper end of the price band, by the promoters, and an individual shareholder. This takes the total issue size to Rs 1,252.66 crore. Promoters and promoter group entities -- Ramne

FirstCry IPO to open on Tuesday; sets price band at Rs 440-465 per share

The IPO comprises a fresh fund raise worth Rs 1,666 crore and a secondary share sale worth Rs 2,528 crore

FirstCry to raise $501 million in IPO, targets valuation of $2.9 billion

It said it will use the proceeds from the offering to fund acquisitions, international expansion and set up new stores

Ceigall India IPO opens today: GMP up; should you bid? Brokerage calls here

The three-day subscription window of the Ceigall India IPO opens today. Should You Subscribe to the public issue? Here's what brokerages recommend

Ceigall India collects Rs 375 cr from anchor investors ahead of IPO

Infrastructure company Ceigall India Ltd on Wednesday said it has mobilised Rs 375 crore from anchor investors, a day before its initial share-sale opening for public subscription. ICICI Prudential Mutual Fund (MF), HDFC MF, Axis MF, Bandhan MF, ICICI Prudential Life Insurance Company Ltd, Bajaj Allianz Life Insurance Company Ltd and Max Life Insurance Ltd are among the anchor investors, according to a circular uploaded on BSE's website. Additionally, Nomura, Integrated Core Strategies(Asia) PTE Ltd, Societe Generale, Morgan Stanley Asia (Singapore) PTE and Citigroup Global Markets Mauritius have been allocated shares in the anchor round. As per the circular, the infrastructure company has allotted 93.56 lakh shares to 29 funds at Rs 401 apiece. This aggregates the transaction size to Rs 375.2 crore. The initial public offering (IPO), with a price band of Rs 380 to Rs 401 per share, will open for subscription on August 1 and conclude on August 5. The Ludhiana-based company's IPO i

Sebi returns IPO documents of Vishal Mega Mart, Avanse Fin, and 2 others

Sebi has returned the IPO draft documents of four firms, including supermart major Vishal Mega Mart, education-focused NBFC Avanse Financial Services and private equity major TPG Capital-backed Sai Life Sciences, an update with the regulator showed on Tuesday. Additionally, the offer document of BMW Ventures was returned too. The company's initial public offering (IPO) papers were received by Sebi on July 1. The Securities and Exchange Board of India (Sebi) has returned the offer documents of these four companies for "non-compliance with Regulation 7(1) (a) of Sebi ICDR Regulations, 2018, as on July 24, 2024". According to the Regulation 7(1) (a) of Sebi ICDR Regulations, an issuer making an initial public offer shall ensure that it has made an application to one or more stock exchanges to seek an in-principle approval for listing of its specified securities on such stock exchanges and has chosen one of them as the designated stock exchange. Vishal Mega Mart, on July 12, took the .

Ola Electric's IPO price out! How does it stack up against listed peers?

According to Redseer, E2W penetration in India is expected to expand from approximately 5.4 per cent of domestic 2W registrations in FY24 to 41-56 per cent of domestic 2W sales volume by FY28

In future, we will have a few more listings from group: Ola Electric CEO

He believes this IPO is a key step in the company's long-term plan

Electric 2W player Ola Electric sets IPO price band at Rs 72-76 per share

Volume growth, vertical integration would be the main pillars for improving its margins, founder and CEO Bhavish Aggarwal told reporters on Monday

Unicommerce records 16% growth in order volume during mid-year online sales

IPO-bound SaaS platform Unicommerce has recorded a 16 per cent jump in order volumes during mid-year online sales on a year-on-year basis, the company said on Monday. The company said that volume growth was accompanied by an upward trend in gross merchandise value, which grew 19 per cent year-on-year in 2024, over 2023. "Analysis of orders processed through the Unicommerce platform shows that customers cashed in on the mid-year sales offers extended by multiple marketplaces with 16 per cent order volume growth during the week-long sale period between 19th - 25th of July 2024. "This volume growth is in comparison to the 2023 mid-year sales that took place between July 14- 20 last year," Unicommerce said. Unicommerce provides software-as-a-service (SaaS) platform for end-to-end management of e-commerce operations for direct-to-consumer (D2C) brands, brand aggregators, traditionally offline brands, marketplaces, logistics players, and small and medium-sized businesses (SMBs) through a

Bhavish Aggarwal's Ola Electric IPO worth Rs 5,500 cr to open on August 2

Ola Electric IPO price band to be announced on Monday

Rs 1.9 trillion share sales via IPOs over six years in LTCG tax crosshairs

Due to ambiguity over the applicability of LTCG-which was reintroduced in 2018-several promoters and private equity (PE) firms have refrained from tax payments

Standard Glass Lining Technology files DRHP with Sebi to raise Rs 600 cr

Standard Glass Lining Technology Limited on Friday said it has filed a Draft Red Herring Prospectus (DRHP) with the capital markets regulator Securities Exchange Board of India (SEBI) to raise Rs 600 crore through an initial public offer (IPO). The city-based firm in the DRHP said the public issue comprises a fresh issue of shares with a face value of Rs 10, aggregating up to Rs 250 crore and an offer for sale of 18.444 million shares of Rs 10 each, aggregating up to Rs 350 core. The firm, which manufactures specialised engineering equipment for pharmaceutical and chemical sectors in India, will raise the funds through 100 per cent book building process and use the proceeds from this offer for capital expenditure for repayment of some existing loans, funding inorganic growth, and for general corporate purposes. The company will decide the offer price, floor price and cap price in consultation with BRLMs (Book Running Leader Managers), and on the basis of assessment of market demand

Jungle Camps aims to hit Rs 100 cr revenue by 2028; firms up IPO plans

Jungle Camps India Ltd, which provides wildlife and conservation-focused lodges to guests, on Wednesday announced plans to achieve Rs 100 crore in revenue by FY28 from Rs 18 crore in FY24. In line with its growth strategy, the Delhi-headquartered company has set its sights on an Initial Public Offering (IPO) to fund its expansion plans. Jungle Camps India clocked a total revenue of Rs 18.10 crore and a profit after tax (PAT) of Rs 3.59 crore in FY24, compared with total revenue of Rs 11.24 crore and PAT of Rs 45 lakh in FY23, registering a healthy growth of 61 per cent in revenues and a five-fold jump in profit. "With the rising demand for unique experiences in sync with ever-evolving consumer preferences, we're excited to announce an ambitious expansion plan to add one or more resorts & hotels to our portfolio. We're exploring funding opportunities through an IPO to broaden our reach and offer even more exceptional options to our guests," Gajendra Singh Rathore, Chairman of ...

Investor subscribe Sanstar IPO 13.47 times offer size on day 2 of offer

The initial public offer of plant-based speciality products company Sanstar Ltd received 13.47 times subscription on the second day of share sale on Monday. The Rs 510-crore initial share sale got bids for 50,64,45,900 shares against 3,75,90,000 shares on offer, according to NSE data. The category for non-institutional investors received 32.84 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 12.14 times. The portion meant for Qualified Institutional Buyers (QIBs) fetched 1.29 times subscription. The IPO has a fresh issue of up to 4.18 crore equity shares and an offer for sale of up to 1.19 crore equity shares. The IPO has a price range of Rs 90-95 per share. On Thursday, Sanstar Ltd said it has collected Rs 153 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 181.55 crore will be utilised to fund the capital expenditure requirement for the expansion of the company's Dhule facility, Rs 100 crore for debt payment a

RNFI Services IPO opens today: Check GMP, Dates, Price, Size and more

The RNFI Services IPO comprises a fresh issue of 6,744,000 shares aggregating up to Rs 70.8 crore and is available at a price band of Rs 98-105 per share