Page 131 - Ipos

Sai Silks gains 10.3%, SignatureGlobal soars 19% over issue price on debut

SignatureGlobal (SGL) made an impressive stock market debut, with shares soaring nearly 20 per cent to close at Rs 458, up Rs 73 or 19 per cent over its issue price of Rs 385

Valiant Lab IPO sees nearly 33% subscription on first day of bidding

The Initial Public Offering (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories was subscribed 33 per cent on the first day of subscription on Wednesday. The initial share sale received bids for 24,81,045 shares against 76,23,030 shares on offer, as per data available with the NSE. The portion for retail individual investors was subscribed 61 per cent while the category for non-institutional investors received 10 per cent subscription. The IPO is an entirely fresh issuance of up to 1.08 crore equity shares with no offer for sale component. The price range for the offer is at Rs 133-140 per share. Proceeds of the issue will be utilised to set up a manufacturing facility for speciality chemicals in Gujarat through its subsidiary -- Valiant Advanced Sciences Private Ltd -- and to meet the working capital requirements of the subsidiary company. Valiant Laboratories is an active pharmaceutical ingredient or bulk drug manufacturing company with its focus on ...

Manoj Vaibhav IPO subscribed 2.25 times on last day of subscription

The Initial Public Offering (IPO) of Manoj Vaibhav Gems N Jewellers was subscribed 2.25 times on the last day of subscription on Tuesday. The initial share sale got bids for 2,05,05,627 shares against 91,20,664 shares on offer, as per NSE data. The portion allotted for non-institutional investors was subscribed 5.18 times while the category for retail individual investors received 1.66 times subscription. The Qualified Institutional Buyers (QIBs) part was subscribed 1.06 times. The IPO had a fresh issue of up to Rs 210 crore and an offer for sale of up to 2,800,000 equity shares. The price range for the offer was at Rs 204-215 per share. The company mopped up Rs 81.05 crore from anchor investors on Thursday. The company, a regional jewellery brand in South India, has a presence in Andhra Pradesh and Telangana, with 13 showrooms across eight towns and two cities. The funds raised will be utilised for opening eight new showrooms, inventory for these stores and general corporate ..

Kontor Space IPO kicks off on Wednesday, price band at Rs 93 per share

Kontor Space Ltd said it has set the price band for its Rs 15.62 crore initial share sale at Rs 93 apiece, which will open for public subscription on Wednesday. The issue will conclude on October 3, and the shares will be listed on SME EMERGE platform of the National Stock Exchange (NSE), the company said in a statement on Monday. The Initial Public Offering (IPO) consists of a fresh issuance of up to 16.80 lakh equity shares at a face value of Rs 10 each. Proceeds from the issue will be utilised to make the payment of rental deposits of new co-working centres, capital expenditure for fit-outs of new co-working centres and for general corporate purposes. Investors can bid for a minimum of 1,200 equity shares in the public issue and in multiples of 1,200 equity shares thereof, the company said. "The capital from this IPO will empower us to expand and refine our services, ensuring we continue to meet the evolving needs of industry and our clients," Kanak Mangal, Promoter of Kontor S

Bain Capital-backed Emcure Pharmaceuticals files IPO papers with Sebi

Bain Capital-backed Emcure Pharmaceuticals has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale.

Manoj Vaibhav's IPO subscribed nearly 58% on the second day of offer

The initial public offer of Manoj Vaibhav Gems N Jewellers was subscribed 58 per cent on day two of bidding on Monday. The initial share sale received bids for 53,05,203 shares against 91,20,664 shares on offer, as per NSE data. The retail individual investors (RIIs) part received 73 per cent subscriptions while the category for non-institutional investors subscribed 57 per cent. The quota for qualified institutional buyers (QIBs) was subscribed 33 per cent. The IPO has a fresh issue of up to Rs 210 crore and an offer for sale of up to 28,00,000 equity shares. The price range for the offer is Rs 204-215 per share. The company mopped up Rs 81.05 crore from anchor investors on Thursday. The company, a regional jewellery brand in South India, has a presence in Andhra Pradesh and Telangana, with 13 showrooms across eight towns and two cities. The funds raised will be utilised for opening eight new showrooms, inventory for these new stores and general corporate purposes. Bajaj Capit

Strides Pharma to spin off CDMO, soft gelatin biz into a new entity

The company's board has approved a scheme of arrangement amongst Strides Pharma Science, Steriscience Specialties and Stelis Biopharma, the drug firm said in a regulatory filing

Emcure Pharma plans $400-500 mn IPO in 2024; hires JP Morgan, Jefferies

Emcure, backed by private equity firm Bain Capital, has hired investment banks JP Morgan, Jefferies and Kotak for the IPO, and is targeting a valuation of about $3 billion

Sensex, Nifty snap 4-day losing run; Bajaj Fin gains 4.5%, IT stocks weigh

Closing Bell on September 25, 2023: The broader markets ended with steady gains with the BSE MidCap index advancing 0.46 per cent, and the BSE SmallCap 0.12 per cent

Udaan in talks with existing and new investors to raise $400 million

Amid the funding winter and macroeconomic uncertainty, this funding will result in bolstering the balance sheet of the company and supporting its IPO plans, according to the sources

Sai Silks Rs 1,201-crore IPO subscribed 4.40 times on last day of bidding

The Initial Public Offering (IPO) of ethnic apparel retailer Sai Silks (Kalamandir) was subscribed 4.40 times on the last day of bidding on Friday. The Rs 1,201 crore-initial share sale received bids for 16,94,58,544 shares against 3,84,86,309 shares on offer, according to data available with the NSE. The quota for Qualified Institutional Buyers (QIBs) received 12.35 times subscription while the quota for non-institutional investors was subscribed 2.47 times. The category for Retail Individual Investors (RIIs) was subscribed 88 per cent. The public issue had a fresh issue of up to Rs 600 crore and an offer for sale of up to 2.70 crore equity shares. Price range for the offer was Rs 210-222 a share. The IPO of Sai Silks (Kalamandir) was subscribed 33 per cent on the second day of offer on Thursday. On Monday, Sai Silks said it has raised over Rs 360 crore from anchor investors. The Hyderabad-based company was founded by Prasad Chalavadi, a techie turned entrepreneur in 2005. It

Global fundraising via IPOs drops 52% in 2023 to $147.2 billion

At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion in the first eight months of 2023 followed by the US and China.

Ola Electric eyes IPO filing by end-October in expedited listing plan

Backed by investors including Singapore's Temasek and Japan's SoftBank, Ola Electric was valued at $5.4 billion in a recent fund raising

Signature Global's Rs 730 cr IPO receives 54% subscription on first day

The total size of the IPO is up to Rs 730 crore, comprising a fresh issue of shares worth up to Rs 603 crore and an Offer for Sale (OFS) of up to Rs 127 crore

Sai Silks' IPO with fresh issue of Rs 600 cr subscribed 7% on first day

The Initial Public Offering (IPO) of ethnic apparel retailer Sai Silks (Kalamandir) was subscribed 7 per cent on the first day of offer on Wednesday. The IPO received bids for 26,16,752 shares against 3,84,86,309 shares on offer, as per data available with the NSE. The category for Retail Individual Investors (RIIs) was subscribed 12 per cent and that of non-institutional investors received 3 per cent subscription. The public issue has a fresh issue of up to Rs 600 crore and an offer for sale of up to 2.70 crore equity shares. The price range for the offer is Rs 210-222 a share. At the upper end of the price band, the IPO will fetch about Rs 1,201 crore. On Monday, Sai Silks said it has raised over Rs 360 crore from anchor investors. The Hyderabad-based company was founded by Prasad Chalavadi, a techie turned entrepreneur in 2005. It has four store formats -- Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall. Motilal Oswal Investment Advisors, HDFC Bank and Nuvam

Neuberg Diagnostics completes ARL, Supratech merger, IPO in works

Neuberg Diagnostics Pvt Ltd has completed the merger of Neuberg Supratech Reference Laboratory, Ahmedabad, and Neuberg Anand Reference Laboratory, Bengaluru, thereby setting the ball rolling for its IPO plans, the company said on Wednesday. With a strategic vision to streamline operations and enhance efficiency, the merger brings together two entities under Neuberg Diagnostics Pvt Ltd. The merger also paves the way for Neuberg Diagnostics' launch of its Initial Public Offering (IPO) by 2024 or 2025, a company statement here said. "This merger marks a significant step forward in our journey to provide unparalleled healthcare solutions. By integrating these renowned laboratories, we reinforce our commitment to delivering excellence in diagnostics and patient care," said Neuberg Diagnostics Chairman and Managing Director GSK Velu. As a result of the acquisition, the group gross revenue of Neuberg Diagnostics is expected to be over Rs 1,000 crore during the current financial year. The

Updater Services' IPO starts Sept 25, with fresh issue of up to Rs 400 cr

The initial share sale of integrated facilities management company Updater Services Ltd will open for public subscription on September 25. The three-day Initial Public Offering (IPO) will conclude on September 27 and the bidding for anchor investors will open on September 22, according to the Red Herring Prospectus (RHP). The IPO will comprise a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer for Sale (OFS) of up to 80 lakh equity shares by a promoter and existing shareholders. Under the OFS, Tangi Facility Solutions Private Ltd, India Business Excellence Fund-II and India Business Excellence Fund-IIA will be selling shares of the company. Proceeds from the fresh issue will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives and general corporate purposes. The company offers integrated facilities management services and business support services to its clients. It caters to customer segments across sectors such

Instacart goes from supermarket to stock market, raising $660 mn with IPO

Instacart is heading from the supermarket to the stock market. The San Francisco-based grocery delivery company raised USD 660 million in its initial public offering of stock, selling 22 million shares at USD 30 apiece. Its shares were set to begin trading on Tuesday on the Nasdaq stock exchange under the stock symbol CART. The pricing of the IPO gave Instacart a market value of around USD 10 billion, significantly lower than the USD 39 billion value placed on it after a fund-raising round in 2021. Instacart provides delivery and pickup from 85 per cent of US grocers, or more than 80,000 stores, using a network of 600,000 freelance shoppers. It also provides in-store technology, like smart carts and electronic shelf tags, and sells online ads to food companies and retailers. It says it has 7.7 million active customers who spend about USD 317 per month on the platform. In a letter to investors earlier this month, Instacart CEO Fidji Simo said grocery delivery has tremendous potent

R R Kabel to list on Wed, become 1st to debut within 2 days of IPO closure

Wires and cables manufacturer R R Kabel, which concluded its Initial Public Offering (IPO) on Friday, is set to list on Wednesday --becoming the first company to debut on Dalal Street within two days of issue closing. While Ratnaveer Precision Engineering was the first company to list under the T+3 regime, R R Kabel will become the first company to list in the T+2 timeline -- the second working day after the issue closing on September 15. Capital markets regulator Sebi in August halved the timeline for listing of shares on stock exchanges after the closure of IPOs to three days (T+3) from six days (T+6). The new listing timeframe will be voluntary for all public issues opening on or after September 1 and mandatory for all issues after December 1, 2023. The reduction in timelines for listing and trading of shares will benefit both issuers as well as investors. Issuers will have faster access to the capital raised, thereby enhancing the ease of doing business while the investors wil

Street signs: Nifty's next pit stop, grey market premiums decline, and more

On Tuesday, the NSE Midcap 100 and Nifty Smallcap 100 logged their biggest declines since December