Page 121 - Ipos

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

Popular Vehicles and Services IPO: Date, price band, GMP, financials & more

Popular Vehicles and Services IPO: Popular Vehicles & Services IPO is a book built issue of Rs 601.55 crore. The price band is set at Rs 280 to Rs 295 per share

List of IPOs to watch out for this week

This week, primary market observers will be quite busy as eight initial public offerings (IPOs) are set to open for subscription.

Sebi, RBI widen investigation into public debt issue subscriptions: Report

Investigators are also studying if disproportionate loans were given to subscribes and whether customer identification processes were not adequately followed, the sources added

Sebi bars JM Financial from acting as lead manager of debt issue

Shares of JM Financial tanked by 20 per cent following the RBI order on Wednesday. Later, the stock recouped the bulk of the losses

Investors subscribe Gopal Snacks IPO 1.39 times on Day 2 of bidding

The initial public offer of Gopal Snacks received 1.39 times subscription on Thursday, the day two of bidding. The initial share sale received bids for 1,66,83,337 shares against 1,19,79,993 shares on offer, as per NSE data. The quota for retail individual investors (RIIs) was subscribed 2 times, while the non-institutional investors part received 1.62 times subscription and the qualified institutional buyers (QIBs) portion subscribed 9 per cent. The initial public offer (IPO) has an offer for sale of up to Rs 650 crore. The IPO is entirely an OFS of equity shares by promoters and other selling shareholders. Price Range for the offer is fixed at Rs 381-401 a share. Gopal Snacks Ltd on Tuesday said it has garnered Rs 194 crore from anchor investors. The Rajkot-based company's IPO will conclude on March 11. Founded in 1999, Gopal Snacks is a fast-moving consumer goods company in India, offering Namkeen, western snacks, and other products across India and internationally. As of Se

Investors subscribe JG Chemicals IPO 27.78 times on last day of offer

The initial public offer (IPO) of JG Chemicals was subscribed 27.78 times on the final day of bidding on Thursday. The Rs 251.2 crore IPO received bids for 22,69,11,245 shares against 81,68,714 shares on offer, according to data available with the NSE. The portion for non-institutional investors received 46.32 times subscriptions while the quota for Qualified Institutional Buyers (QIBs) subscribed 32.09 times, and the category for retail individual investors (RIIs) attracted 17.43 times subscriptions. The zinc oxide manufacturer's initial public offer proposed a fresh issue of up to Rs 165 crore shares and an offer for sale of up to 39 lakh equity. The IPO was in a price range of Rs 210-221 a share. JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors. Proceeds from the fresh issue to the tune of Rs 91 crore will be utilised for investing in JG Chemicals' material subsidiary BDJ Oxides, and Rs 35 crore will be used for funding the long-term working

Gopal Snacks collects Rs 194 cr capital from anchor investors ahead of IPO

Gopal Snacks Ltd on Tuesday said it has garnered Rs 194 crore from anchor investors, a day ahead of the start of its initial share sale. The Rajkot-based company has allotted 48.36 lakh equity shares to 19 funds at Rs 401 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website. Those who participated in the anchor round are -- BofA Securities Europe SA, Bay Capital India Fund, ITI Mutual Fund, DSP Mutual Fund, Quant Mutual Fund, Edelweiss Mutual Fund and HDFC Life Insurance Company. The issue, with a price band of Rs 381 to Rs 401 per share, will open for subscription on March 6 and conclude on March 11. The proposed initial public offering (IPO) is entirely an offer for sale (OFS) of equity shares by promoters and other selling shareholders. The OFS comprises the sale of shares by Bipinbhai Vithalbhai Hadvani, Gopal Agriproducts Private Ltd and Harsh Sureshkumar Shah. Founded in 1999, Gopal Snacks is a fast-moving consumer goods .

Investors subscribe R K Swamy's Rs 423 cr IPO 6 times on day 2 of bidding

The initial public offer of integrated marketing services firm R K Swamy received 6 times subscription on the second day of bidding on Tuesday. The Rs 423.56 crore-IPO got bids for 4,94,64,550 shares against 82,32,946 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) received 18.28 times subscription while the portion for non-institutional investors got subscribed 9.71 times. The quota for Qualified Institutional Buyers (QIBs) fetched 37 per cent subscription. The initial public offer (IPO) has a fresh issue of up to Rs 173 crore and an offer for sale component of up to 87,00,000 equity shares. The IPO has a price range of Rs 270-288 a share. RK Swamy Ltd on Friday said it has collected Rs 187 crore from anchor investors. Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aided telephonic interview centres as well as for gen

Banyantree backed Popular Vehicles and Services to launch IPO on March 12

Popular Vehicles and Services Ltd, which is engaged in automotive dealerships, is set to launch its Initial Public Offering (IPO) on March 12. The initial share sale will conclude on March 14 and the bidding for anchor investors will open for a day on March 11, according to the Red Herring Prospectus (RHP). The IPO comprises a fresh issuance of equity shares worth Rs 250 crore and an Offer For Sale (OFS) of 1.19 crore equity shares by Banyantree Growth Capital II, LLC. At present, promoters hold a 69.45 per cent stake in Popular Vehicles and Services and Banyan Tree owns over 30 per cent stake in the company. Proceeds of the fresh issue will be used for payment of debt and general corporate purposes. The Kerala-based company 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 commercial vehicles, services and repairs, spare parts distribution, sale of pre-owned passenger ...

Big Basket aims to turn profitable in 8 months, eyes for IPO in 2025

The Tata group-owned online grocer Big Basket is eyeing to come out with an initial public offering in 2025 after turning profitable, a top official said on Tuesday. The Bengaluru-based company, a part of Tata Digital, will turn profitable in another 6-8 months, once the newly launched 'BB Now' vertical starts making money, its co-founder and chief executive Hari Menon told reporters here. When asked about plans for an IPO, he said, "We will probably have it in 2025. But we are leaving it to the Tatas, there cannot be anybody better to guide us and advise us on that." He hinted that the issue will include both primary and secondary share sales, but did not share any more details. The business requires capital for ongoing investments which be raised from the Tata Group in the run-up to the IPO, he said, adding that a bulk of the investments are in technology, marketing and people. The company, which competes with similar offerings from Amazon and Flipkart, is targeting to close FY2

Matrix Gas & Renewables raises Rs 350 crore capital in pre-IPO round

Matrix Gas and Renewables Ltd (Matrix) on Tuesday said it has raised Rs 350 crore in the pre-IPO round to accelerate expansion of its gas business, acquisitions, and funding capital expenditure plans. "The pre-IPO (Rs 350 crore) round saw participation from key investors like Gunavanth Vaid (4GCapital Venture), Sarda Group, Sunil Kumar Singhvi (Singhvi Heritage LLP), Blue Lotus Fund, NAV Capital Emerging Fund and the promoters of the company," it said in a statement. Matrix is a Gensol Group company and is the fastest-growing green hydrogen infrastructure developer and natural gas aggregator. "Matrix has successfully raised Rs 350 crore in the pre-IPO round," it said. "With the current capital raise, Matrix is now well positioned to accelerate its growth initiatives towards expanding market share for the gas aggregation business, acquiring city gas distribution (CGD) assets, and funding the ongoing capital expenditure plan. This round will also expedite setting up and commissionin

JG Chemicals IPO over-subscribed on day 1: Analysts upbeat on its prospects

The company is the country's largest zinc oxide producer and among the top ten globally, as per CARE Analytics. Its domestic market share in the key product was around 30 per cent as on March 2022

Platinum Industries lists at 33% premium over issue price in strong debut

Post listing, Platinum Industries hit a high of Rs 237 and a low of Rs 219 in intra-day trade. At 10:14 am; it was trading at Rs 221.20, about 29 per cent higher over its issue price.

Exicom Tele-Systems makes robust debut; lists 86% higher over issue price

Exicom's IPO was subscribed 133.56 times, with non-institutional investors (NII) leading from the front as they bid 159.29 times their allotted quota

Dow Jones looks to exit BSE index JV; Mukka Proteins IPO booked 136.89x

The Rs 224 crore-initial public offering (IPO) got bids for 7,665,765,155 shares against 56,000,435 shares on offer, according to data available with the NSE

JG Chemicals collects Rs 75 crore from anchor investors ahead of IPO

Zinc oxide manufacturer JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors, a day before its initial public offering (IPO). The company has allotted 34.09 lakh shares to four funds at Rs 221 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website. At this price, the company has garnered Rs 75.36 crore from anchor investors. Massachusetts Institute of Technology, Carnelian Structural Fund, Pinebridge Global Funds and SBI General Insurance Company were among the anchor investors. The initial share sale, with a price band of Rs 210-221 apiece, will open for public subscription during March 5-7. The Rs 251.2 crore IPO comprises a fresh issue of equity shares worth up to Rs 165 crore and an offer-for-sale (OFS) of 39 lakh equity shares aggregating to Rs 86.2 crore, at the upper end of the price band, by the promoter group. As part of the OFS, Vision Projects & Finvest Pvt Ltd, Suresh Kumar Jhunjhunwala .

Investors subscribe R K Swamy IPO 2.18 times on first day of bidding

The initial public offering of integrated marketing services firm R K Swamy was subscribed 2.18 times on the first day of bidding on Monday. The Rs 423.56 crore-initial share sale received bids for 1,79,73,350 shares against 82,32,946 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 7.84 times and non-institutional investors part received 2.97 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent. The Initial Public Offering (IPO) has a fresh issue of up to Rs 173 crore and an Offer For Sale (OFS) of up to 87 lakh equity shares worth Rs 250.56 crore at the upper end of the price band. The IPO comes in a price range of Rs 270-288 a share. RK Swamy Ltd on Friday said it has collected Rs 187 crore from anchor investors. Funds raised through the fresh issue would be used for setting up a digital video content production studio, establishing new customer experience centres and computer-aide

PE/VC exits surge 36% to $24.8 bn in 2023 amid declining investments

The infrastructure sector emerged as the leader, attracting $11.6 billion in investments in 2023, while traditional favorites such as financial services and technology witnessed a decline