Page 120 - Ipos

Bharti Hexacom sets price band for Rs 4,275 cr IPO at Rs 542-570 per share

Bharti Airtel's arm Bharti Hexacom on Tuesday said it has fixed a price band of Rs 542 to Rs 570 per share for its Rs 4,275-crore initial public offering (IPO). The initial share-sale of the telecom operator's arm will be open for public subscription during April 3-5, and the bidding for anchor investors will open for a day on April 2, the company said in a public notice. This will mark the first public offering in the 2024-25 fiscal year. The company's IPO is entirely an offer-for-sale (OFS) of 7.5 crore equity shares, indicating a 15 per cent stake by Telecommunications Consultants India Ltd, with no fresh issue component. Since it is an offer-for-sale or OFS, Bharti Hexacom will not receive any proceeds from the IPO. At present, promoter Bharti Airtel holds 70 per cent stake and the remaining 30 per cent stake is owned by Telecommunications Consultants India. Bharti Hexacom provides telecommunication services in Rajasthan and the North East. At the upper-end of the price band

Carlyle said to weigh $1 bn IPO for IT firm Hexaware Technologies

The US investment firm is speaking with potential arrangers to help prepare for an IPO in Mumbai this year or next, the people said

Alibaba offers to buy Cainiao stake for up to $3.75 bn as it drops IPO plan

In the Chinese e-commerce giant's latest u-turn of its restructuring plan, Alibaba, which holds a stake of around 64% in Cainiao, said it was offering to acquire the remaining stock

Investors subscribe SRM Contractors IPO 3.56 times on day 1 of bidding

The initial public offer of SRM Contractors received 3.56 times subscription on the first day of bidding on Tuesday. The IPO received bids for 1,54,35,840 shares against 43,40,100 shares on offer, as per NSE data. The category for non-institutional investors got subscribed 6.26 times while the portion for Retail Individual Investors (RIIs) attracted 3.54 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 1.57 times. The Initial Public Offering (IPO) of fresh issue of up to 62,00,000 equity shares has a price range of Rs 200-210 a share. SRM Contractors mopped up Rs 39 crore from anchor investors on Friday. The firm is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilization works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh, as per its website. The company was incorporated in September ...

Trust Fintech SME IPO opens today: Check GMP, anchor issue & other details

Trust Fintech has raised Rs 18.05 crore from allocating nearly 1.8 million shares at Rs 101 to anchor investors ahead of the IPO

Newly listed automation stk at 10% upper circuit; up 110% over issue price

The company had a strong order book position of Rs 3,242 crore at the end of December quarter (Q3FY24)

IPO activity to see spillover effect from mid, smallcap weakness: Analysts

Overall, so far in calendar year 2024 (as of March 19), 10 of 21 new listings have been subdued despite decent subscription levels, shows data from PRIME Database

SME IPO: Naman In-Store trims issue size; commands strong GMP of over 50%

Naman In-Store IPO consists a fresh issue of 2.85 million shares, reduced from the earlier planned issue of 3 million shares. The price band is fixed at Rs 84-89, meaning a fundraise of Rs 25.35 crore

Krystal Integrated Services lists at 11% premium over its issue price

At 10:01 am; Krystal was quoting at Rs 784.75, after hitting a low of Rs 764.65 on the BSE in intra-day trade. A combined 2.5 million equity shares changed hands on the NSE and BSE

Trust Fintech sets IPO price band at Rs 95-101 per share; to open on Mar 26

Trust Fintech Ltd, a provider of SaaS product-focused fintech software solutions, on Wednesday fixed the price band at Rs 95-101 per share for its initial public offering. The Initial Public Offer (IPO) will open on March 26 and conclude on March 28. The anchor portion will be opened on Friday, the company said in a statement. The IPO is only a fresh issue of 62.82 lakh equity shares with a face value of Rs 10 each through the book-building route. The company's shares will be listed on NSE's small and medium enterprises platform Emerge, it said. At the upper end of the price band, the company intends to raise up to Rs 63.45 crore. Investors can bid for 1,200 equity shares as a minimum, and subsequently in multiples of 1,200 equity shares. The firm plans to utilise the proceeds from the public issue to establish a new development facility at Mihan SEZ in Nagpur to procure hardware and upgrade IT infrastructure; to enhance, maintain, and upgrade existing products. It will also use

Sebi moots audio-visual representation of disclosures made in offer docs

Markets watchdog Sebi on Tuesday proposed introducing audio-visual representation of disclosures made by companies in their offer documents for public issues, a move that will help investors have an easier understanding about the key features of an offer. Comments from stakeholders have been sought on the proposal till April 9. "It is proposed that the disclosures made in the DRHP (Draft Red Herring Prospectus) and RHP (Red Herring Prospectus) of public issues shall also be made available in Audio Visual (AV) format by the issuer companies desiring to list on the main board. "Further, the AV on the public issues will be in bilingual version i.e. English and Hindi and made available in the public domain," Sebi said in a circular. According to the regulator, it is expected that the AV will provide ease in understanding the salient features and also provide reference to various disclosures of the proposed public issue. The regulator has suggested that the duration of each bilingual .

Vishwas Agri Seeds' Rs 26 crore SME IPO to open Mar 21: Check issue details

The brand "Vishwas" enjoys a strong presence in the market, the company claims, as over the years it has developed a robust network of distributors across states like Gujarat, Rajashtan and MP

Domino's, Subway supplier Chatha Foods' SME IPO opens today: Check details

Of the total net proceeds, the company aims to use Rs 24.11 crore for setting up a manufacturing facility in Mohali and the remaining amount for general corporate purposes

Krystal Integrated Services' IPO subscribed 13 times on last day of offer

The Initial Public Offering (IPO) of facility management and security services provider Krystal Integrated Services got subscribed 13.21 times on the last day of bidding on Monday. The initial share sale received bids for 3,96,26,200 shares against 29,99,448 shares on offer, as per NSE data. The portion for non-institutional investors received 43.90 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 7.33 times. The Retail Individual Investors (RIIs) part fetched 3.31 times subscription. The IPO had a fresh issue of up to Rs 175 crore and an offer for sale of up to 1,750,000 equity shares. The initial share sale had a price range of Rs 680-715 a share. Krystal Integrated Services last week mopped up over Rs 90 crore from anchor investors. The company began operations in 2000 as a private security staff provider and from 2005 entered the facility management segment. Around 70 per cent of its facility management business comes from govern

Krystal Integrated Services' IPO subscribed 36% on first day of offer

The Initial Public Offer (IPO) of facility management and security services provider Krystal Integrated Services got subscribed 36 per cent on the first day of bidding on Thursday. The initial share sale received bids for 10,78,460 shares against 29,99,448 shares on offer, according to data available with the NSE. The category for non-institutional investors received 43 per cent subscription while the portion for Retail Individual Investors (RIIs) got subscribed 34 per cent. The Qualified Institutional Buyers (QIBs) part received 33 per cent subscription. The IPO has a fresh issue of up to Rs 175 crore and an offer-for-sale component of up to 17,50,000 equity shares. The price range for the offer is Rs 680-715 a share. Krystal Integrated Services has mopped up over Rs 90 crore from anchor investors. The company began operations in 2000 as a private security staff provider and from 2005 entered the facility management segment. Around 70 per cent of its facility management busines

Rs 601.5 cr IPO of Popular Vehicles subscribed 45% on 2nd day of bidding

The initial share sale of Popular Vehicles and Services Limited got subscribed 45 per cent on the second day of subscription on Wednesday. The Rs 601.55 crore-Initial Public Offer (IPO) received bids for 65,31,800 shares against 1,44,15,110 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs) attracted 77 per cent subscription while the non-institutional investors part got subscribed 20 per cent. The IPO has a fresh issue of up to Rs 250 crore and an offer for sale of up to 1,19,17,075 equity shares. The price range for the Kochi-based company's offer is Rs 280-295 a share. On Monday, Popular Vehicles and Services said it has garnered Rs 180.17 crore from anchor investors. Proceeds of the fresh issue will be used for debt payment and general corporate purposes. Popular Vehicles and Services is a leading diversified automotive dealership in the country with a presence across the automotive retail value chain, including the sale of new passenger and

23 IPOs hit lowest level since listing; 13 fall below issue price

Credo Brands Marketing, ASK Automotive, Flair Writing Industries, Rishabh Instruments, and TVS Supply Chain Solutions fell below their issue prices

Give top priority to regulatory concerns, redressal: FIDC to member firms

FIDC said adherence to all applicable laws and regulations at all times is a sine qua non. Specifically, norms relating to Know Your Customer (KYC) and Anti Money Laundering (AML) should be followed

Krystal sets Rs 680-715 price band to raise Rs 300 cr capital via IPO

Facility management and security services provider Krystal Integrated Services on Monday fixed a price-band of Rs 680-715 a share for its Rs 300-crore initial public offering (IPO). The IPO comprises Rs 175 crore in fresh issue and Rs 125 crore in offer-for-sale by the promoters (at the upper-end of the price band). Post-issue, the overall promoter holding led by promoter Pravin Ramesh Lad and his family (Krystal Family Holdings) will come down to close to 70 per cent. The floor price is 68 times the face value of the shares and the cap price is 71.50 times the face value of the shares which has a face value of Rs 10, chief executive Sanjay S Dighe said here. The anchor investor bidding will begin on Wednesday and the issue opens for public subscription from Thursday. The company will use the net proceeds from the fresh issue towards part repayment of its debt of Rs 187 crore; funding working capital requirements of Rs 100 crore and capital expenditure for purchasing new machinery

Reddit launches long-awaited IPO, targets up to $6.4 billion valuation

The company, along with some of its existing investors, is targeting a sale of about 22 million shares, priced between $31 and $34 each, to raise up to $748 million