Page 51 - Ipo

Software company Tridhya Tech raises Rs 26.4 crore through SME IPO

Software development company Tridhya Tech on Friday said it has raised Rs 26.41 crore through its SME initial public offer, riding on strong demand from non-institutional and retail investors. The public issue comprising 62.88 lakh shares opened on June 30 on the NSE's SME platform Emerge and closed on July 5. The company has finalised the issue price at Rs 42 per share, the upper limit of its price band of Rs 35-42, thereby raising around Rs 26.41 crore, a company statement said. Shares of the company will be listed on the NSE Emerge platform on July 13, 2023, following the successful IPO which was subscribed around 72 times, it added. Proceeds from the issue will be utilised for the repayment of unsecured and secured loans and general corporate purposes for business activities. According to market data, non-institutional investor category received the highest interest and was subscribed over 182.72 times, garnering bids for 16.34 crore shares as against 29.88 lakh shares on ...

China to end Ant Group's regulatory revamp with fine of $1.1 bn: Report

The People's Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is expected to disclose the fine in the coming days

Hi-Green Carbon files draft papers for IPO; to list on NSE Emerge

Hi-Green Carbon on Wednesday said it has filed preliminary papers for an initial public offering. The shares will be listed on NSE Emerge, a platform for small and medium enterprises. The Gujarat-based firm, which is into recycling of waste tyres, plans to offer up to 76 lakh equity shares with a face value of Rs 10 each through the book-building process. In the Initial Public Offering (IPO), there will be a fresh issue of 60 lakh shares and 16 lakh shares will be offloaded through the offer for sale route by the promoter group, it said in a statement. Proceeds from the public issue will be utilised to set up a new facility in Dhule district of Maharashtra, with a recycling capacity of 100 MT waste tyres per day. The proceeds will also be utilised for working capital requirements and other general corporate purposes. The company has appointed Beeline Capital Advisors as book running lead manager to the issue. Hi-Green Carbon is the flagship company of Rajkot-based Radhe Group of

Senco Gold IPO subscribed 2.68 times on Day 2 of subscription

The Initial Public Offer (IPO) of jewellery retail player Senco Gold was subscribed 2.68 times on the second day of subscription on Wednesday. The Rs 405 crore-IPO received bids for 2,52,28,190 shares against 94,18,603 shares on offer, as per an update on the NSE. The portion for Retail Individual Investors (RIIs) received 3.67 times subscription, the category for non-institutional investors got subscribed 3.58 times. The Qualified Institutional Buyers (QIBs) quota got subscribed 27 per cent. The IPO has a fresh issue of up to Rs 270 crore and an offer for sale of up to Rs 135 crore. Price range for the offer is at Rs 301-317 a share. Senco Gold Ltd on Monday said it has mobilised Rs 121.5 crore from anchor investors. Of the Rs 270 crore, the company proposes to use Rs 196 crore of net proceeds from the fresh issue towards funding working capital requirements and the remaining for general corporate purposes. The Kolkata-based firm has 140 showrooms across 13 states and a total o

Senco Gold IPO subscribed by 69% on first day of subscription

The Initial Public Offer (IPO) of jewellery retail player Senco Gold got subscribed 69 per cent on the first day of subscription on Tuesday. The Rs 405-crore IPO received bids for 65,28,018 shares against 94,18,603 shares on offer, according to NSE data. The quota for retail individual investors (RIIs) received 1.12 times the subscription and the category for non-institutional investors got subscribed 62 per cent. The initial public offer has a fresh issue of up to Rs 270 crore and an offer for sale of up to Rs 135 crore. The IPO has a price range of Rs 301-317 a share. Senco Gold Ltd on Monday said it has mobilised Rs 121.5 crore from anchor investors. Of the Rs 270 crore, the company proposes to use Rs 196 crore of net proceeds from the fresh issue towards funding working capital requirements and the remaining for general corporate purposes. The Kolkata-based firm has 140 showrooms across 13 states and a total of 63 per cent of them are located in West Bengal. It also sells it

Nova Agri, Netweb Tech India, EMS get Sebi's approval to float IPO

Agri-input manufacturer Nova Agritech, server maker Netweb Technologies India and sewerage solution provider EMS have received capital market regulator Sebi's approval to raise funds through initial public offerings. The three companies, which filed their preliminary papers with Sebi between March and April 2023, obtained the regulator's observations during June 26-30, an update with the markets watchdog showed on Tuesday. In Sebi's parlance, obtaining observation means its go-ahead to float the initial share sale. As per the draft papers, Nova Agritech's initial share sale comprises a fresh issue of equity shares worth up to Rs 140 crore and an offer-for-sale (OFS) component of up to 77,58,620 equity shares of shareholder Nutalapati Venkatasubbarao. The proceeds from the fresh issue worth Rs 14.20 crore will be utilised for investment in its subsidiary Nova Agri Sciences for setting up a new formulation plant, Rs 10.49 crore for funding capital expenditure by Nova Agritech and ...

Ahead of IPO, Senco Gold collects over Rs 121 cr from anchor investors

Jewellery retail player Senco Gold Ltd on Monday said it has mobilised Rs 121.5 crore from anchor investors ahead of its initial share sale. The company has allocated 38.33 lakh shares to 21 funds at an average price of Rs 317 apiece, according to a circular uploaded on the BSE website. BNP Paribas Arbitrage, Societe Generale, Elara India Opportunities Fund, 3P India Equity Fund 1, Nippon India Mutual Fund (MF), WhiteOak Capital MF, Sundaram MF, Bandhan MF, Jupiter India Fund and Max Life Insurance Company are among the anchor investors. Senco Gold's Rs 405-crore Initial Public Offer (IPO) comprises a fresh issue of equity shares aggregating up to Rs 270 crore and an offer-for-sale (OFS) of equity shares worth Rs 135 crore by shareholder SAIF Partners India IV Ltd. At present, SAIF Partners has a 19.23 per cent stake in the jewellery retail chain. The issue, with a price band of Rs 301 to Rs 317 apiece, will open for public subscription on July 4 and conclude on July 6. Of the R

Muthoot Microfin files preliminary papers with Sebi for Rs 1,350 cr IPO

Muthoot Microfin plans to raise up to Rs 1,350 crore through an initial share sale and has filed draft papers with markets regulator Sebi. The Initial Public Offering (IPO) of the company that provides micro loans to women customers will comprise a fresh issue worth up to Rs 950 crore and an Offer For Sale (OFS) of equities to the tune of Rs 400 crore. According to the Draft Red Herring Prospectus (DRHP) filed on Friday, the company will also look at pre-IPO placement to raise Rs 190 crore. If that placement is undertaken, the size of the fresh issue will be reduced. The company plans to use proceeds from the fresh issue for augmenting its capital base to meet future capital requirements. Through the OFS route, various entities plan to offload Rs 400 crore-worth shares. While Greater Pacific Capital WIV Ltd proposes to offload equities worth up to Rs 100 crore, Thomas John Muthoot, Thomas Muthoot and Thomas George Muthoot plan to sell shares aggregating up to Rs 70 crore ...

Drone maker ideaforge Technology IPO subscribed whopping 106 times

Drone maker ideaforge Technology's initial public offer was subscribed whopping 106.05 times on the closing day of subscription on Friday, helped by huge participation from investors. The Rs 567.24-crore initial share sale received bids for 49,30,29,570 shares against 46,48,870 shares on offer, as per NSE data. The Qualified Institutional Buyers (QIBs) category was subscribed a huge 125.81 times. The portion for Retail Individual Investors (RIIs) fetched 85.16 times subscriptions and the non-institutional investors part got subscribed 80.58 times. The Initial Public Offer (IPO) has a fresh issue aggregating up to Rs 240 crore and an offer for sale of up to 48,69,712 equity shares. The price range for the offer was Rs 638-672 a share. Of the total proceeds from the fresh issuance, Rs 50 crore will be utilised for debt payment, Rs 135 crore towards funding the working capital gap, Rs 40 crore for investment in product development and the remaining amount for general corporate ...

Sebi tightens disclosure requirements for FPIs, reduces IPO timeline

The move will help free up capital early and encourage more investors to participate

ideaforge Technology IPO receives 50 times subscription on Day 3 of sale

Drone maker ideaforge Technology's Initial Public Offer (IPO) received 50 times subscriptions on day three of the share sale on Wednesday. The company's issue period was revised, as Thursday, June 29, is a holiday on the occasion of Bakri Id. Now, the offer will conclude on June 30. The Rs 567.24-crore initial share sale received bids for 23,24,32,420 shares against 46,48,870 shares on offer, as per data available with the NSE. The portion for Retail Individual Investors (RIIs) garnered 64.41 times subscriptions, while the non-institutional investor's quota got subscribed 63.94 times. The category for Qualified Institutional Buyers (QIBs) received 38.15 times the subscription. The initial public offer has a fresh issue aggregating up to Rs 240 crore and an offer for the sale of up to 48,69,712 equity shares. The price range for the offer is Rs 638-672 a share. Proceeds from the fresh issuance to the tune of Rs 50 crore will be utilised for debt payment, Rs 135 crore towards fundi

Senco Gold's Rs 405 cr-IPO to open for public subscription on July 4

The Rs 405 crore-initial share sale of jewellery retail player Senco Gold Ltd will open for public subscription on July 4. The initial share sale will conclude on July 6 and the bidding for anchor investors will open on July 3, according to the Red Herring Prospectus (RHP). Senco Gold's Initial Public Offer (IPO) comprises of a fresh issue of equity shares aggregating up to Rs 270 crore and an offer-for-sale (OFS) of equity shares to the tune of Rs 135 crore by selling shareholder - SAIF Partners India IV Ltd. At present, SAIF Partners has 19.23 per cent stake in the jewellery retail chain. The company proposes to use Rs 196 crore of net proceeds from the fresh issue towards funding working capital requirements and the remaining for general corporate purposes. The Kolkata-based firm has 127 showrooms -- 70 company operated and 57 franchisee -- in 89 cities and towns across 13 states in India. Some of its franchisee showrooms are located in areas other than metros and Tier-I, provi

BLS International hits new high; soars 9% on proposed IPO of BLS E-Services

BLS International recently consolidated its banking correspondence and e-Governance businesses into a Digital Services segment, which is operated through BLS E-Services.

Delhi's Deer Park de-recognised as 'mini zoo', deers to be shifted out

The initial public offer of drone maker ideaforge Technology Limited was subscribed 13.27 times on the second day of share sale on Tuesday. The Rs 567.24 crore initial share sale received bids for 6,16,78,386 shares against 46,48,870 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 36.36 times subscription, non-institutional investors quota got subscribed 21.59 times and Qualified Institutional Buyers (QIBs) portion 1.34 times. The Initial Public Offer (IPO) has a fresh issue of up to Rs 240 crore and an offer for sale of up to 4,869,712 equity shares. The IPO is in a price range of Rs 638-672 a share. Proceeds from the fresh issuance to the tune of Rs 50 crore will be utilised for debt payment, Rs 135 crore towards funding working capital gap, Rs 40 crore for investment in product development and the remaining amount for general corporate purposes. Founded in 2007, the Mumbai-based company has the largest operational deployment

TMS Ep463: Food inflation, Yevgeny Prigozhin, primary market, AI hype

Has monsoon solved this year's food inflation problem? Who is Wagner group chief Yevgeny Prigozhin? Will the momentum in the primary market sustain? What is AI hype? All answers here

Sensex rallies 467 pts, Nifty tops 18,800; RIL, HDFC duo lead, IT caps gain

CLOSING BELL ON JUNE 16, 2023: At the high point of the day, the Sensex was just 63 points shy from its record high, and the Nifty 22 points; Debutant IKIO ends at 42 per cent premium over issue price

Fear of failure? Firms let IPO nods lapse on pricing mismatch, volatility

So far this year , 23 companies have decided to shelve public offers

IKIO Lighting IPO subscribed 6.83 times on second day of share sale

The Initial Public Offering (IPO) of LED lighting solution provider IKIO Lighting was subscribed 6.83 times on the day two of the share sale on Wednesday. The Rs 606.5-crore IPO received bids for 10,40,31,096 shares against 1,52,24,074 shares on offer, according to NSE data. The portion for non-institutional investors received 15.99 times subscription, the category for Retail Individual Investors (RIIs) was subscribed 5.92 times and Qualified Institutional Buyers (QIBs) part got 1.37 times subscription. The IPO has a fresh issue of up to Rs 350 crore and offer of sale of up to 90 lakh equity shares and comes in a price range of Rs 270-285 a share. On Monday, IKIO Lighting Ltd said it has mobilised Rs 182 crore from anchor investors. Proceeds from the fresh issuance worth Rs 50 crore will be used for debt payment, Rs 212.31 crore in the company's wholly-owned subsidiary IKIO Solutions to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. IKIO Lighti

Canara Bank initiates process to launch IPOs of two non-core arms: Report

If listed, Canara Robeco AMC will be the fifth mutual fund to list after HDFC, Nippon Life, UTI, and Aditya Birla

Noida-based IKIO Lighting's IPO to kick off on June 6; check details here

The initial share-sale of LED lighting solutions provider IKIO Lighting Ltd is set to open for public subscription on June 6. The three-day initial public offering (IPO) will conclude on June 8. The bidding for anchor investors will open on June 5, according to the red herring prospectus (RHP). The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh equity shares by promoters -- Hardeep Singh and Surmeet Kaur. Proceeds from the fresh issuance worth Rs 50 crores will be used for debt payment, Rs 212.31 crore will be used in the company's wholly-owned subsidiary, IKIO Solutions, to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. IKIO Lighting is a manufacturer of light-emitting diode (LED) lighting solutions. It is primarily an original design manufacturer (ODM) and designs, develops, manufactures,s and supplies products to customers who then further distribute these products under its