Page 34 - Ipo

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

NLC India to raise funds via IPO of arm for clean energy expansion: CMD

Lignite-to-power producer NLC India Ltd (NLCIL) is planning to raise funds through an initial public offering (IPO) of its wholly owned subsidiary NLC India Renewables Ltd by the first quarter of the next financial year, company's Chairman and Managing Director (CMD) Prasanna Kumar Motupalli said. In an interview to PTI here, the CMD said the PSU is planning to ramp up its renewable energy capacity from the current 1.4 GW to 6 GW by 2030. The funds raised via the IPO will be used in its clean energy expansion plans, he said. The company also plans to arrange soft loans from foreign companies and banks for this purpose, the CMD explained. "As on date... the existing assets of NLCIL are to be transferred to that company (NLC India Renewables Ltd). For transfer of that assets, some exemption is required from the Government of India. So that process is on. "So, we are expecting to get that clearance from the government by around October. In the first quarter of the next financial year

Milky Mist gears up for Rs 2,000 cr IPO at a valuation of Rs 20,000 cr

Through this, the company will be following in the footsteps of other listed players including Hatsun Agro Product, Heritage Foods, Parag Milk Foods, and Dodla Dairy

Kataria Industries IPO opens today for bids; GMP indicates 52% listing gain

Kataria Industries raised Rs 15.53 crore from anchor investors on Monday, July 15, with key anchors including AG Dynamic Funds, North Star Opportunities Fund and Radiant Global Fund

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