Page 104 - Ipos

Bajaj Housing Finance: IPO aspirants face glitches, express on social media

Zerodha reported an average delay of two hours in generating the mandate, attributing the issue to the sponsor banks of the IPO

Bajaj Housing IPO GMP rockets 100% on last day; should you park your funds?

Bajaj Housing Finance IPO, which ends today, has so far received an overwhelming response from investors, with the public issue being subscribed 7.50 times by the second day of subscription

Northern Arc Capital's Rs 777 cr IPO to open on Mon, price band Rs 249-263

Non-bank financial institution Northern Arc Capital on Wednesday said it has fixed a price band of Rs 249-263 per share for its upcoming Rs 777 crore initial public offering (IPO). The Chennai-based company's initial share sale will open for public subscription on September 16 and conclude on September 19. The bidding for anchor investors will open for a day on September 13. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an Offer For Sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 crore. Those offering shares through the OFS are Leapfrog Financial Inclusion India (II) Ltd, Accion Africa-Asia Investment Company, Eight Roads Investments Mauritius II Ltd, Sumitomo Mitsui Banking Corporation, 360 ONE Special Opportunities Fund (formerly known as IIFL Special Opportunities Fund) and Dvara Trust. Proceeds from the fresh issue woul

Countdown begins: Kross, Tolins Tyres IPOs end today; should you bid?

The grey market premium (GMP) for both IPOs has remained upbeat, reflecting favorable market sentiments for these public issues

Tirupati Balajee IPO listing: Falling GMP worries investors ahead of debut

Though the grey market premium of Shree Tirupati Balajee shares has been on a continuous decline since the issue opened for subscription, it still stands at 27 per cent on Wednesday

PN Gadgil Jewellers IPO draws strong demand; GMP jumps 54% on Day 2

The subscription window for PN Gadgil Jewellers IPO, which is available at a price band of Rs 456-480 with a lot size of 44 shares, will close on September 12, 2024

Bajaj Housing Finance Rs 6,560 crore IPO booked 7.50 times on day 2

The initial share sale got bids for 5,45,85,77,822 shares against 72,75,75,756 shares on offer, as per NSE data

Tolins Tyres' IPO subscribed 5.2 times on second day of subscription

Tolins Tyres' initial public offer got subscribed 5.20 times on the second day of subscription on Tuesday. The initial share sale received bids for 3,89,17,626 shares against 74,88,372 shares on offer, according to data available with the NSE. The Retail Individual Investors (RIIs) part fetched 8.39 times subscription while the category for non-institutional investors got subscribed 4.07 times. The portion meant for Qualified Institutional Buyers (QIBs) received 45 per cent subscription. The initial public offer of Tolins Tyres got fully subscribed within hours of opening of bidding on Monday and ended the first day with an overall over-subscription of 1.80 times. Tolins Tyres Ltd on Friday announced that it has mopped up Rs 69 crore from anchor investors. The company has fixed a price band of Rs 215-226 per share for its initial public offering (IPO). The Kerala-based company's initial share sale is a combination of a fresh issue of equity shares worth Rs 200 crore and an ...

Vision Infra SME IPO receives 63.30 times subscription on last day of offer

The initial share sale of Vision Infra Equipment Solutions garnered a whopping 63.30 times subscription on the closing day of bidding on Tuesday. The Rs 106.21 crore initial public offering (IPO) received bids for 29,51,36,000 shares against 46,62,400 shares for offer, the NSE data showed. The category for Non-Institutional Investors (NIIs) received 180.75 times subscription while the part for qualified institutional buyers subscribed 60.94 times. Also, the retail individual investors portion got 24.13 times subscription. The Pune-based firm's IPO will be listed on NSE's SME platform Emerge. Last week, the company said it raised Rs 30.21 crore from anchor investors. The IPO is entirely a fresh issue of 65.16 lakh shares. The company has fixed a price band of Rs 155-163 per share. Proceeds from the public issue will be utilised towards funding the capital expenditure towards the purchase of additional equipment, to meet working capital requirements and general corporate ...

P S Raj Steels plans to raise capital through IPO to fund growth plans

Stainless-steel pipes and tubes manufacturers and suppliers P S Raj Steels Ltd (PSSR) on Tuesday said it planning to raise funds through an initial public offering (IPO) very soon to fund its growth plans. "Looking to expand its business beyond the existing markets in India, the Hisar-headquartered company has set its sights on an IPO," PSSR said in a statement. The company also announced plans to achieve Rs 500 crore in revenue by FY27. The company has appointed Khambatta Securities Ltd as the book running lead manager to the offer. The company operates a manufacturing plant with an installation capacity of 13,460 metric tonnes per annum, which is spread over an area of three acres in Hisar, Haryana. It supplies finished goods under the brand name 'PSSR' in 19 states across India, including Uttar Pradesh, Haryana, Punjab, Madhya Pradesh, Delhi, and Rajasthan. "In pursuit of expanding our business across India and strengthening it in the existing markets, we are planning to raise

Data center operator Switch weighs IPO at about $40 bn valuation: Report

The investment firms that own Switch have in recent weeks held preliminary talks with investment bankers on the potential stock market flotation that could happen as early as 2025

Kross IPO receives 2.56 times subscription on second day of offer

The initial share sale of auto parts manufacturer Kross Ltd received 2.56 times subscription on the second day of bidding on Tuesday. The initial public offer got bids for 3,92,75,140 shares against 1,53,50,877 shares on offer, as per NSE data. The quota for Retail Individual Investors (RIIs) garnered 3.87 times subscription while the category for non-institutional investors got subscribed 2.87 times. The Qualified Institutional Buyers (QIBs) part received 2 per cent subscription. Kross Ltd on Friday said it has mobilised Rs 150 crore from anchor investors. The Jamshedpur-based company's IPO is a combination of a fresh issue of equity shares worth Rs 250 crore and an Offer-for-Sale (OFS) aggregating up to Rs 250 crore by the promoters. The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai. The issue, with a price band of Rs 228-240 per share, will conclude on September 11. Kross proposes to utilise the net proceeds

Investors subscribe PN Gadgil's IPO two times offer size on day 1

The initial public offer of jewellery retail chain PN Gadgil Jewellers Ltd got fully subscribed within a few hours of opening for bidding on Tuesday and ended the day with a two-time subscription. The Rs 1,100 crore initial share sale received bids for 3,38,86,720 shares against 1,68,85,964 shares on offer, translating into 2.01 times subscription, according to the NSE data. The portion for non-institutional investors got booked 3.26 times and the quota for Retail Individual Investors (RIIs) received 2.61 times subscription. The Qualified Institutional Buyers (QIBs) part got subscribed 1 per cent. PN Gadgil Jewellers Ltd on Monday said it has raised Rs 330 crore from anchor investors. The initial public offering (IPO) will conclude on September 12. The price band for the offer has been fixed at Rs 456-480 per share. The Maharashtra-based company's IPO is a combination of a fresh issue of equity shares worth up to Rs 850 crore and an offer for sale (OFS) of equity shares to the tun

Ventive Hospitality files papers with Sebi to raise Rs 2,000 cr through IPO

The Pune-based company's IPO is completely a fresh issue of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP)

Opens Today! PN Gadgil Jewellers IPO GMP zooms 50%. Should you bid?

P N Gadgil Jewellers IPO opened for public subscription today. Should you bid for the public issue or not? Check the brokerage call and other key details here

Upcoming IPO alert! Influx Healthtech files DRHP with NSE Emerge; details

The Influx Healthtech IPO comprises a fresh issuance of 46,32,000 equity shares, and an offer for sale of up to 13,68,000 equity shares, each with a face value of Rs 10

Kross IPO Day 2: GMP holds at 20%; should you park your money here?

Kross IPO subscription status: Retail Individual Investors have placed the highest bid of 2.16 times, followed by Non-Institutional Investors at 1.01 times

Bajaj Housing Finance IPO Day 2: GMP soars 92%; should you subscribe?

Shares of Bajaj Housing Finance were quoted trading at a premium of Rs 64 or 91.43 per cent in the grey market, indicating a positive market sentiment for the IPO

Shree Tirupati Balajee IPO allotment today: check status, GMP & more

Once the allotment of Shree Tirupati Balajee IPO is finalised, investors can check the allotment status by visiting the official websites of BSE, NSE, or Link Intime India, the registrar for the issue

Gala Precision Engineering shares soar nearly 49% in market debut

Shares of Gala Precision Engineering Ltd ended with a premium of nearly 49 per cent against the issue price of Rs 529 on Monday. The stock made its debut at Rs 750, a jump of 41.77 per cent from the issue price on the BSE. During the day, it soared 48.85 per cent to Rs 787.45. Shares of the firm ended at Rs 787.05, up 48.78 per cent. On the NSE, it listed at Rs 721.10, surging 36.31 per cent. The stock ended at Rs 757.15, reflecting a jump of 43.12 per cent. The company's market valuation stood at Rs 997.19 crore. In terms of volume, 3.97 lakh shares of the firm were traded on the BSE and 7.89 lakh shares on the NSE during the day. The initial public offer of Gala Precision Engineering garnered 201.44 times subscriptions on the closing day of bidding on Wednesday. The initial share sale had a price band of Rs 503-529 per share. The Rs 168-crore IPO had a combination of a fresh issue of 25.58 lakh equity shares worth Rs 135.34 crore and an Offer For Sale (OFS) of 6.16 lakh equity