Page 49 - Ipo

Sewerage infra player EMS plans to float IPO in Sept to raise Rs 300-320 cr

Water and sewerage infra player EMS Ltd on Thursday said it is planning to launch an initial public offering (IPO) in the next month to raise Rs 300-320 crore. Also, the company said it has completed the pre-IPO placement round and raised Rs 33.76 crore through it, leading to a reduction in fresh issue size in the upcoming maiden public issue. In the pre-IPO placement round, the Ghaziabad-based firm issued 16 lakh equity shares at an issue price of Rs 211 apiece, the company said in a statement. Accordingly, the size of the fresh issue has been reduced to Rs 146.24 crore from Rs 180 crore planned earlier. Besides, there would be an Offer of Sale (OFS) of 82.94 lakh shares by promoter and founder Ramveer Singh. At present, Singh holds a 97.81 per cent stake in the company. In March 2023, EMS Ltd filed draft papers with capital markets regulator Sebi to raise funds through the maiden public issue and has already received Sebi's approval to go ahead with this IPO. Proceeds from the

Jio Financial hits down limit for third day, Aeroflex subscribed 21 times

Market players expect the selling pressure to continue until the selling by passive funds is fully absorbed

Heating equipment maker JNK India files draft papers with Sebi to float IPO

Heating equipment maker JNK India Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth up to Rs 300 crore and an Offer for Sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday. Those offloading shares in the OFS are of promoters -- Goutam Rampelli, Dipak Kacharulal Bharuka, JNK Heaters Co. Ltd. and Mascot Capital and Marketing Pvt Ltd. -- and shareholder Milind Joshi. The Mumbai-based company may consider an issue of equity shares aggregating up to Rs 60 crore in the pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Going by the draft papers, proceeds from the fresh issue to the tune of Rs 276 crore will be used for funding working capital requirements and a portion will also be used for general corporate ...

TVS Supply Chain shares settle 2% higher than issue price in debut trade

Shares of TVS Supply Chain Solutions Ltd, a part of TVS Mobility Group, ended with a premium of 2 per cent against the issue price of Rs 197 on the debut trade on Wednesday. The stock was listed at Rs 206.30, up 4.72 per cent from the issue price on the BSE. During the day, it jumped 5.83 per cent to Rs 208.50. Shares of the company ended at Rs 200.95, rising by 2 per cent. At the NSE, it began the trade at Rs 207.05, registering a gain of 5.10 per cent. During the day, the stock rallied 5.88 per cent to Rs 208.60 before settling at Rs 201.10, registering an increase of 2 per cent. The company commanded a market valuation of Rs 8,789.75 crore. In terms of traded volume, 17.59 lakh shares were traded at the BSE and over 2.41 crore shares at the NSE during the day. The Initial Public Offering (IPO) of TVS Supply Chain Solutions was subscribed 2.78 times last week. The Rs 880-crore IPO had a price range of Rs 187-197 per share. TVS Supply Chain Solutions is present in over 25 coun

Stationery maker Doms files draft papers for $145 mn IPO with Sebi

Milan-listed FILA Fabbrica Italiana Lapis ed Affini SpA, which holds a 51% stake in the company, is selling shares worth Rs 800 cr

Aeroflex Industries IPO subscribed 6.69 times on first day of offer

The Initial Public Offering (IPO) of stainless steel flexible hose manufacturer Aeroflex Industries was subscribed 6.69 times on the first day of subscription on Tuesday. The Rs 351 crore-IPO received bids for 15,52,35,730 shares against 2,32,17,667 shares on offer, as per NSE data. The category for non-institutional investors received 14.05 times subscription while the portion for Retail Individual Investors (RIIs) was subscribed 6.67 times and that of Qualified Institutional Buyers (QIBs) was subscribed 1.17 times. The IPO has a fresh issue of up to Rs 162 crore and an offer for sale of up to 1.75 crore equity shares. The price range for the offer is Rs 102-108 per share. On Monday, the company said it collected close to Rs 104 crore from anchor investors. Proceeds from the fresh issue will be utilised for repaying a debt, and funding working capital requirements, and a certain amount will be used for general corporate purposes and acquisitions for inorganic growth, as per the

Fintech firm Zaggle garners Rs 25 cr from ValueQuest in pre-IPO round

Fintech player Zaggle Prepaid Ocean Services Ltd on Tuesday said it has raised Rs 25 crore from ValueQuest Scale Fund in the pre-IPO (initial public offering) round. This came after the firm raised Rs 73 crore from a clutch of investors through a private placement last week. With the latest fund infusion, the combined fund raising by the firm reached Rs 98 crore in two tranches. In a public statement on Tuesday, Zaggle said that it issued 15,24,390 equity shares to ValueQuest at a price of Rs 164 apiece. Zaggle filed its draft papers with capital markets regulator Sebi in December 2022 to raise funds through an IPO. Going by the draft papers, the IPO comprises fresh issue of equity shares worth Rs 490 crore and an offer for sale (OFS) component of 1.05 crore stocks by promoters, investors and other shareholders. Proceeds from the fresh issue would be utilised towards customer acquisition and retention, development of technology and products, payment of debt and for general corpora

Aeroflex Industries garners Rs 104 cr from anchor investors ahead of IPO

Stainless steel flexible hose manufacturer Aeroflex Industries Ltd on Monday said it has collected close to Rs 104 crore from anchor investors ahead of its initial public offering (IPO). The company has decided to allocate 95.99 lakh equity shares to 15 funds at Rs 108 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. Societe Generale, Winro Commercial India Fund Ltd, Universal Sompo General Insurance Company Ltd, Nippon India Mutual Fund, WhiteOak Mutual Fund, Bank of India Mutual Fund and Invesco Mutual Fund are among the anchor investors. The IPO consists of a fresh issue of equity shares worth up to Rs 162 crore and an Offer for Sale (OFS) of up to 1.75 crore equity shares by promoter Sat Industries. At present, promoter and promoter group members own over 91 per cent stake in the company. The maiden public issue, a price band of Rs 102-108 a share, will open for subscription on August 22 and conclude on August 24. The

Shares of Concord Biotech ends 27% higher in debut at $1 bn valuation

The Ahmedabad, Gujarat-based company opened at 900.05 rupees, a 21.5% premium to its initial public offer (IPO) price of 741 rupees

Happy Forgings files IPO papers to raise Rs 1,200-1,300 cr with Sebi

Auto components maker Happy Forgings Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,200-1,300 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth Rs 500 crore and an offer for sale (OFS) of up to 80.55 lakh shares by a promoter and a selling shareholder, according to the draft red herring prospectus (DRHP) filed on Monday. As part of the OFS, 53.7 lakh equity shares will be offloaded by Paritosh Kumar Garg (HUF) and up to 26.85 lakh equity shares by India Business Excellence Fund - III. Also, the company may consider a pre-IPO placement of shares aggregating up to Rs 100 crore. If such placement is completed, the fresh issue size will be reduced. According to market sources, the IPO size is expected to be Rs 1,200-1,300 crore. Going by the draft papers, proceeds from the fresh issue to the tune of Rs 213.6 crore will be utilized towards the purchase of equipment, plant, and machinery, up to Rs

Shares of SBFC Finance gains 62% on trading debut, subscribed over 70 times

The company has 152 branches spread across 120 cities and 16 Indian states

Fundraising through SME IPOs hits a new high in 2023, shows data

The SME segment is for smaller enterprises raising lower amounts, while the mainboard is for listing larger, more mature companies

TVS Supply Chain IPO subscribed 2.8 times on last day of subscription

The company had earlier raised Rs 396 crore from 18 anchor investors

Citi sells TaMo shares worth Rs 2,089 cr, TVS Supply Chain subscribed 55%

The price band for the TVS Supply Chain IPO is Rs 187 to Rs 197 per equity share

Satellite TV firm Tata Play reports Rs 105 cr loss in FY23, plans IPO

Investor sentiment for offering may dampen due to company's performance, says one banker

TVS Supply Chain Solutions prepares for initial share sale: R Dinesh

TVS Supply Chain Solutions, a part of TVS Mobility Group, is gearing up for the initial share sale that would be open for public subscription from August 10 onwards, officials said on Wednesday. The city-based company is hitting the capital market after a gap of nearly 29 years, Executive Vice-Chairman R Dinesh said. "I think the last time when we raised (funds) was in 1994...," he told reporters. The price band has been fixed at Rs 187-197 for the Rs 880 crore initial public offering (IPO), valuing the company at Rs 8,700 crore. The initial share sale comprises Rs 600 crore of fresh issue and Rs 280 crore sale by the promoters. The IPO would be open for subscription during August 10-14, he said. At the upper end of the price band, the IPO is expected to fetch Rs 880 crore. From the issue's proceeds, Rs 525 crore will be used for pre-existing debt repayment and its subsidiary TVS LI UK. A portion of the fund would also be used for "inorganic growth" and general corporate ...

Amazon in talks to become anchor investor in SoftBank's Arm IPO: Report

Arm, owned by SoftBank Group Corp., is gearing up for what promises to be the biggest tech IPO of the year. It's spent months talking to some of its top customers about joining the offering

Apple, Samsung to invest in SoftBank's Arm at IPO in Sept: Report

Arm plans to sell the chipmakers stakes of "a few percent each", the report said

SBFC IPO subscribed 6.3x on day 2, Concord Biotech IPO over half covered

At the top end, SBFC will be valued at Rs 6,066 crore on a post-dilution basis

SBI Mutual Fund listing off the focus, says chairman Dinesh Khara

SBI first revealed its intentions to take the mutual fund subsidiary public on December 15, 2021, with the aim of raising $1 billion