Page 46 - Ipo

RBZ Jewellers IPO to open on Tuesday with price set at Rs 95-100 per share

RBZ Jewellers on Monday said it has fixed a price band of Rs 95-100 per share for its initial share sale that will open for public subscription on December 19. The three-day Initial Public Offering (IPO) will conclude on December 21, the company said in a statement. The IPO is entirely a fresh issue of 1 crore equity shares with no offer for sale (OFS) component. The Ahmedabad-based B2B and retail jewellery firm would raise Rs 100 crore through the issue at the upper end of the price band. Proceeds from the issue will be utilised for funding the working capital requirements of the company and for general corporate purposes. The company's revenue from operations rose 14 per cent to Rs 289.6 crore in fiscal 2023 from Rs 252.5 crore in fiscal 2022. Besides, profit after tax surged 55 per cent to Rs 22.43 crore in fiscal 2023 from Rs 14.48 crore in the preceding financial year. Arihant Capital Markets Ltd is the sole book-running lead manager to the issue. The equity shares are propo

Ather Energy could launch IPO by FY25 end, earlier than initially planned

Launch of a family scooter and expansion of dealership network to help it increase market share

Wager on IPOs exceeds Rs 1 trn; Doms subscribed 93x, India Shelter 37x

Another half a dozen IPOs open for subscription next week

Auto component maker Happy Forgings to launch Rs 1,008 crore IPO on Dec 19

Auto components maker Happy Forgings Ltd on Thursday fixed a price band of Rs 808 to 850 per share for its Rs 1,008 crore-Initial Public Offering (IPO). The maiden public issue will open for subscription from December 1921, and the anchor book will be opened for a day on December 18. The IPO comprises a fresh issue of equity shares worth Rs 400 crore and an Offer For Sale (OFS) of up to 71.6 lakh shares by a promoter and a selling shareholder. Paritosh Kumar Garg (HUF) and India Business Excellence Fund III are the selling shareholders in the OFS. Proceeds from the fresh issue will be utilised towards the purchase of equipment, plants, and machinery, the payment of debt and a portion of the funds will also be used for general corporate purposes. Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors, and the remaining 15 per cent for non-institutional buyers. Investors can bid for a minimum of 17 equity shares and in multiple

Muthoot Microfin IPO to open on Dec 18 at price band of Rs 277-291

The funds are expected to augment the capital base of the company. Out of the total, the company plans to raise Rs 760 crore through the sale of fresh equity and Rs 200 crore via Offer for Sale

IPO rush ahead of FPI holiday season, market to raise nearly Rs 8,000 cr

These companies will break a jinx of sorts seen during the December preceding a General Election year

Mutual Fund IPOs anchor bigger than FPIs for a second year in a row

So far this calendar, domestic funds subscribe for shares worth Rs 5,577 cr in anchor category, while FPIs Rs 5,417 cr

India Shelter Finance IPO: Should you invest in this housing finance firm?

Here's what brokerages recommend investors should do, with this Rs 1,200 crore IPO which closes for subscription on Friday, December 15.

IPO-bound Oyo elevates Rakesh Kumar as new chief financial officer

Kumar will replace Abhishek Gupta, who will continue with Oyo in "an advisory and mentorship capacity

Next year will be equally robust for IPOs: IIFL Securities' Nipun Goel

Goel says that the increased focus on profitability and reasonable pricing underpins demand for IPOs

Wired for growth: Strong outlook fuels EMS players' success circuit

The sector saw a dual dynamic in Q2 - revenue growth acted as a current of strength, yet profit margins faced resistance

Street Signs: Smallcap posts double-digit gains, TCS buyback blues and more

The assets under management of active smallcap schemes experienced a slight decline, even as smallcap indices registered double-digit gains in November

Flair Writing Industries' impressive debut marks end of busy listing week

However, newly listed shares come off highs as caution sets in

Tata Technologies shares soar 2.7 times on blockbuster market debut

The global ER&D player registers best listing-day performance for an IPO of over Rs 500 crore

Gandhar Oil Refinery soars 78% on market debut; Fedfina ends flat

For the quarter ended June 2023, Gandhar had posted a profit of Rs 54.3 crore on revenues of Rs 1,070 crore

Tata Technologies to boost India's hot IPO market on trading debut

Tata Technologies' IPO raised Rs 3,040 crore ($365 million), with shares being sold at Rs 500 each, the top of the marketed range. Demand exceeded shares on offer by 69 times, as investors piled

Ireda gains 88% on debut; Tata Tech, 2 others to list IPOs on Thursday

As per grey market operators, Tata Tech shares could gain over 80 per cent, while that of Gandhar are pegged to gain 40 per cent on debut

Tata Tech IPO: How to check allotment status, listing date, GMP & more

Tata Tech IPO: The shares of Tata Technologies will likely be listed on the bourses (BSE & NSE) on November 30

Tata Technologies IPO listing tomorrow: Here's what the experts expect

Tata Technologies IPO subscription: It was subscribed 69.43 times as of the final day of subscription on November 24, driven by high participation from institutional buyers

Indian investors need protection from manipulative short-selling practices

Third party reports and comments can affect markets and shake investor confidence