Page 107 - Ipos

Five most overbought SME IPOs of 2024 see 1100x demand amid frenzy

Bets exceed Rs 65,000 crore even as these firms looked to raise a cumulative Rs 60 crore

Ahead of IPO, Ecos India Mobility raises Rs 180.3 cr from anchor investors

Chauffeur-driven mobility provider Ecos (India) Mobility & Hospitality Ltd on Tuesday said it has raised Rs 180.36 crore from anchor investors a day before its initial share sale opening for public subscription. WhiteOak Capital Mutual Fund (MF), ICICI Prudential MF, Aditya Birla Sun Life MF, Nippon India MF, Troo Capital, Acacia Banyan Partners, Invesco Indio MF, Motilal Oswal MF, Bandhan MF, Edelweiss MF, and Tata MF were the anchor investors, according to a circular uploaded on the BSE website. Franklin Templeton India MF, OptiMix Global Emerging Markets Share Trust and Nomura India also participated in the anchor round. The company has allocated 54 lakh shares to 19 entities at Rs 334 apiece, aggregating the transaction size to Rs 180.36 crore, it showed. The Rs 601-crore initial initial public offering (IPO) will open for public subscription on Wednesday and will conclude on Friday. The price band has been set at Rs 318-334 a share. The company's maiden public issue is ...

NSE files for Sebi NOC to gain approval for long-awaited IPO listing

In its annual general meeting held on Tuesday, the exchange informed shareholders that the board had given approval to file for a fresh NOC with the market regulator

Resourceful Automobile's Rs 12 cr IPO oversubscribed by 419 times

The recent Rs 12 crore initial public offering of Resourceful Automobile, a Delhi-based company with just two outlets and a workforce of eight, has taken the market by storm with the issue receiving bids worth close to Rs 4,800 crore. Founded in 2018, Resourceful Automobile operates under the brand name Sawhney Automobile, dealing in Yamaha two-wheelers. It specialises in the sales and servicing of motorcycles and scooters. The company's IPO, which was open for subscription from August 22 to 26, saw an overwhelming response, with bids for 40.76 crore shares against the 9.76 lakh shares on offer translating into a subscription of 419 times on the third day of the bidding process, data showed. The SME IPO was subscribed 10.35 times on Day 1 and 74.13 times on Day 2. Overall, the non-institutional investor category subscribed 315.61 times, while retail investors showed even greater enthusiasm, subscribing 496.22 times. VK Vijayakumar, Chief Investment Strategist at Geojit Financial .

Orient Technologies IPO: GMP hints double digit listing gains for investors

As investors await the listing of Orient Technologies' shares on the bourses tomorrow, Wednesday, August 28, 2024, the grey market premium hints at a favourable debut for the company's shares

Rekha Jhunjhunwala set to pocket Rs 106 cr from Baazar Style Retail IPO

Among those investors selling shares is Rekha Rakesh Jhunjhunwala, who owns 5,446,240 shares, representing a 7.69 per cent stake in the company

Brokerages bet BIG on Premier Energies IPO; should you bid? Details inside

The latest grey market premium (GMP) of Premier Energies IPO, which opens for subscription today, was quoted around Rs 358, or 80 per cent, at the upper end of the issue price

Premier Energies collects Rs 846 cr from anchor investors ahead of IPO

The company has allocated 1.88 crore equity shares to 60 funds at Rs 450 apiece, aggregating the transaction size to Rs 846.11 crore

Orient Technologies IPO allotment; Check status, GMP & likely listing price

Once the allotment is finalised, investors can check the allotment status by visiting the official website of BSE, NSE or Link Intime India, the registrar for the issue

Interarch Building Products shares list at over 43% premium on BSE, NSE

IPO listing today: The company's shares were listed at Rs 1,291 on the BSE, marking a 43.46 per cent premium over the upper end of its issue price of Rs 900

Jeyyam Global Foods' IPO to be out on Sept 2, seeks to raise Rs 80-82 cr

Jeyyam Global Foods Ltd, manufacturers and involved in processing and supply of Bengal gram (Channa), fried gram, would come out with their Initial Public Offering on September 2 as it plans to raise Rs 80-Rs 82 crore to fuel its expansion plans, an official said on Saturday. The city-headquartered company would utilise the funds to be raised for its foray into business to consumer (B2C) segments, capital expenditure besides, widening product portfolio, Shrreyans Mehta, a member of the Group said here. "We have identified 99 clusters across India to procure the fried gram, polished channa and we will be doing the cleaning and grading at the place of procurement..We will also be launching soya chunks and vermicelli," he told reporters on their future plans. From the funds to be raised, he said, the company would set up three manufacturing units, one each in Latur, and Nanded in Maharashtra and the third facility at Indore, Madhya Pradesh. "We will be scaling up the production of fr

Hero Motors Ltd files preliminary papers with Sebi for Rs 900 cr IPO

Hero Motors Ltd, the auto-components firm of the Hero Motors Company (HMC) Group, on Saturday filed preliminary papers with markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer-For-Sale (OFS) of shares valued at Rs 400 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes Rs 250 crore worth of shares by O P Munjal Holdings, and Rs 75 crore each by Bhagyoday Investments and Hero Cycles. The company may consider a pre-IPO placement of Rs 100 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 202 crore will be used for debt payment, Rs 124 crore for purchase of equipment required for expansion in capacity of the company's facility in Gautam Buddha Nagar, Uttar Pradesh. Hero Motors is India's leading automotive technology company engaged in designing, .

Pune based Carraro India files draft papers with Sebi for Rs 1,812 cr IPO

Carraro India Ltd, manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Saturday filed draft papers with markets regulator for Sebi for its Rs 1,812-crore initial public offering (IPO). The Pune-based company's initial share-sale is completely an Offer-For-Sale (OFS) by Carraro International S.E, according to the draft red herring prospectus (DRHP). Since the entire issue is an OFS, all the proceeds from the IPO will go directly to the selling shareholder, rather than to the company. Founded in 1997, Carraro India, a subsidiary of Carraro S.p.A, began its manufacturing journey with transmission systems in 1999 and axles in 2000. The company started its operations using IP rights licensed from other entities within the Carraro Group and specializes in complex engineering products and solutions for original equipment manufacturer (OEM) customers. It serves as an independent tier 1 provider, concentrating on axles and ...

Aeron Composite fixes price band at Rs 121-125 a share for Rs 56 cr IPO

Aeron Composite Ltd on Saturday said it has fixed the price band at Rs 121-125 per share for its SME initial public offering which will open for subscription on August 28. The company plans to raise up to Rs 56.10 crore from its SME public issue, Aeron Composite said in a statement. The company has received approval to launch its public issue on NSE Emerge Platform of the National Stock Exchange, it added. The public issue will conclude on August 30. Investors can bid for a minimum of 1,000 shares and in multiples thereof. The IPO is entirely a fresh issue of 44.88 lakh equity shares of face value Rs 10 each. Retail investor quota for the initial public offering (IPO) is kept at not less than 35 per cent of the net offer, Non institutional investor quota is kept at not less than 15 per cent of the offer and QIB portion is kept at not more than 50 per cent of the offer. The company has proposed to utilise IPO proceeds for funding the capital expenditure requirements towards settin

New IPO! Blackstone-owned IGI India files DRHP with Sebi to raise Rs 4k cr

IGI IPO: With this initial public offering, the company is offering a fresh issue of shares worth up to Rs 1,250 crore and an offer for sale of Rs 2,750 crore of equity shares

IPO calendar next week: 6 new issues, 8 listings to ignite primary markets

Shares of Orient Technologies, and Interarch Building Products will list on the bourses, while IPOs of Premier Energies, and ECOS (India) Mobility & Hospitality will open for subscription next week

Last Chance! Orient Tech IPO ends today: should you bid? Check GMP & more

Adding to the buzz, Orient Technologies shares are commanding a grey market premium (GMP) of Rs 70, or 34 per cent, at the upper end of the IPO price on Friday

IPO vs NFO: How to decide which is a better investment option for you

Determining whether an IPO or NFO is better for investment depends largely on individual financial goals and risk tolerance

Upcoming IPO Alert! 7 takeaways from solar cell maker Premier Energies' RHP

Premier Energies IPO opens for the public subscription on Tuesday, August 27, 2024. Here are the key things to know from Premier Energies' RHP papers ahead of the opening of the public issue

Bluestone raises Rs 900 cr in pre-IPO round, valuation doubles to $970 mn

Rs 900 crore raised by Bluestone includes Rs 600 crore in primary capital infusion, while the remaining Rs 300 crore came from secondary share sales