Page 136 - Ipos

Frozen meat exporter HMA Agro Industries IPO subscribed 55% on Day 2

The Initial Public Offer (IPO) of frozen meat exporter HMA Agro Industries was subscribed 55 per cent on day two of its subscription on Wednesday. The Rs 480-crore IPO received bids for 33,56,750 shares against 60,54,054 shares on offer, according to NSE data. The portion for non-institutional investors received 1.20 times the subscription while the category for retail individual investors (RIIs) got subscribed 38 per cent and that of qualified institutional buyers (QIBs) 37 per cent. The initial public offer has a fresh issue of up to Rs 150 crore and an offer of sale of up to Rs 330 crore. The price range for the offer is Rs 555-585 a share. Aryaman Financial Services is the manager to the offer. The company proposes to utilise the net proceeds of the fresh issue for funding working capital requirements and other general corporate purposes. The shares of the company will be listed on both BSE and NSE.

Ahmedabad-based RBZ Jewellers files preliminary IPO papers with Sebi

RBZ Jewellers has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is entirely a fresh issue of 1 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP). According to market sources, the Ahmedabad-based B2B and retail jewellery firm would raise Rs100 crore through the IPO. Proceeds from the issue to the tune of Rs 80.75 crore will be utilized for funding the working capital requirements of the company and for general corporate purposes. The company's revenue from operations rose 14.21 per cent to Rs 287.93 crore in FY2023 from Rs 252.11 crore in FY2022. Besides, profit after tax (PAT) surged 55 per cent to Rs 22.33 crore in fiscal 2023 from Rs 14.41 crore in the preceding financial year. Arihant Capital Markets Limited is the sole book-running lead manager to the issue. The equity shares are proposed to be listed on BSE and NSE.

IKIO Lighting IPO gets subscribed 66.3 times on concluding day of issue

The company manufactures LED lighting, refrigeration lights and other products

IKIO Lighting IPO subscribed 1.55 times of Rs 606.5 cr on Day 1 of offer

The Initial Public Offer (IPO) of LED lighting solution provider IKIO Lighting received 1.55 times subscription on the first day of the share sale on Tuesday. The Rs 606.5 crore IPO received bids for 2,36,67,020 shares against 1,52,24,074 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 2.97 times, the portion for Retail Individual Investors (RIIs) received 1.64 times subscription and Qualified Institutional Buyers (QIBs) 30 per cent. The IPO has a fresh issue of up to Rs 350 crore and an Offer for Sale of up to 90 lakh equity shares. The price range for the offer is Rs 270-285 a share. On Monday, IKIO Lighting Ltd said it has mobilised Rs 182 crore from anchor investors. Proceeds from the fresh issuance worth Rs 50 crore will be used for debt payment, Rs 212.31 crore in the company's wholly-owned subsidiary IKIO Solutions to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes. IKIO Lighting is a ..

Proventus Agrocom made stellar debuts with around 12% premium on NSE Emerge

/ -- Proventus Agrocom Limited, the Mumbai-headquartered one-stop shop for healthy snacking solutions, made a stupendous debut on NSE Emerge the SME exchange platform of the National Stock Exchange. The company's shares were listed at a premium of 12% at Rs 862 a share over its issue price of Rs 771 per share. It locked at upper circuit with only buyers on exchange. The company witnessed total traded volumes of 1.67 lakh shares and clocked a turnover of approx. Rs 13.86 crore as of 11am on its debut day. The company's IPO was issued open for subscriptions from May 24 to May 26 and the issue saw an overall subscription of close to 2.75 times. On the listing ceremony, many dignitaries and industry personalities were present to grace the occasion. Durga Prasad Jhawar, Managing Director & CEO, Proventus Agrocom, said: "We aim to inspire healthier choices for nutritious living and sustained well-being by facilitating our customers with nature's most nutritious snacks. The IPO and its

IKIO Lighting IPO collects Rs 182 cr from anchor investors at Rs 285 apiece

LED lighting solution provider IKIO Lighting Ltd on Monday said it has mobilised Rs 182 crore from anchor investors ahead of its initial share sale that opens for public subscription on Tuesday. The company has allotted 63.84 lakh equity shares to 16 funds at Rs 285 apiece, aggregating the transaction size to Rs 182 crore, according to a circular uploaded on the BSE website. Societe Generale, Citigroup Global Markets Mauritius, Goldman Sachs, Malabar India Fund, Quant Mutual Fund (MF), HDFC MF and ICICI Prudential MF are among the anchor investors. The issue, with a price band of Rs Rs 270-285 per share, will be open for public subscription during June 6-8. The IPO of the Noida-based firm consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh equity stocks by promoters Hardeep Singh and Surmeet Kaur. At the upper end of the price band, the initial share sale will fetch Rs 606.5 crore. Proceeds from the fresh issuance worth

Vinsys IT Services files draft IPO papers with NSE Emerge to get listed

Vinsys IT Services India on Monday said it has filed preliminary papers with NSE Emerge to raise funds through an initial public offering (IPO). The Pune-headquartered company plans to offer 38.9 lakh equity shares of Rs 10 each through the book-building process. The firm will be listed on NSE Emerge, a platform for small and medium enterprises, it said in a statement. Proceeds from the public issue will be utilised to meet working capital requirements, repayment of loan to subsidiary and for other general corporate purposes. The company has appointed Beeline Capital Advisors as merchant bankers to the issue. Marquee investors led by overseas funds, including NAV Capital Emerging Star Fund and xMultiplied, and domestic players, such as Nova Global Opportunities Fund, Aegis Investment Fund and Sambhavnath Investments, have invested in the company's pre-IPO funding. Vinsys provides a full suite of software service offerings, including ERP solutions, architectural consulting, ...

Byju's announces plans for Aakash IPO in 2024 amid funding crunch

Edtech giant facing deadline to pay $40 mn; raises $250 mn from US investment firm

NSE to reduce time for trades in unlisted market as it awaits IPO

The bourse plans to process approvals for its unlisted shares within a week

Listing timeline

Sebi can proceed gradually to T+3

Top Headlines: Govt's dividend from PSBs, Meesho hints at IPO in '25 & more

Business Standard brings you top news at this hour

E-com firm Meesho hints at IPO in 2025; focus shifts to generating profits

The start-up makes around 10 per cent margins on its transactions, whose average ticket size is Rs 350

Alibaba refutes layoff rumours, says will hire 15,000 people this year

In a post on the firm's official Weibo account, Alibaba said that among the 15,000, more than 3,000 people would be newly-graduated students

Ola Electric gears up for India's largest automotive IPO by early 2024

Ola Electric founder Bhavish Aggarwal owns about 40% stake in the firm at present

Alibaba to make significant job cuts, around 7% of workers, amid IPO plans

The company is offering severance packages to the impacted employees and also plans to transfer some workers to other parts of its business verticals

IPO-bound Netweb Technologies PAT more than doubles to Rs 47 cr in FY23

IPO-bound IT hardware company Netweb Technologies has posted over two-fold jump in its profit after tax at Rs 46.93 crore in the financial year ended March 31, 2023, according to a regulatory filing. The company had posted a profit after tax of Rs 22.45 crore in the financial year (FY) 2021-22. The revenue from operations of Netweb Technologies grew 80 per cent to Rs 444.97 crore in FY'23 from Rs 247 crore a year ago, according to a ROC filing. The company had filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in March 2023 to raise funds through an Initial Public Offering (IPO). The IPO consists of a fresh issue of equity shares worth up to Rs 257 crore and an offer-for-sale (OFS) of up to 85 lakh equity shares by selling shareholders. Netweb Technologies said it has demonstrated improved profitability with EBITDA margins expanding to 15.86 per cent in FY'23 compared to 14.32 per cent in FY22. Similarly, the profit after tax (PAT)

India's IPO mop-up so far sees sharp drop versus global peers in 2023

Domestic market share in amount raised globally falls to 0.9% versus five-year average of 2.9%

Market regulator Sebi plans to shorten IPO listing timeline to three days

Currently, listing happens after six days from the closure of IPO

Sebi proposes to cut down IPO listing timeline to 3 days from 6 days

Capital markets regulator Sebi on Tuesday proposed to reduce the time taken for the listing of shares on stock exchanges after the closure of initial public offerings (IPOs) to three days from six days at present. The proposed 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 and the investors will have opportunity for having early credit and liquidity of their investment", Sebi said in its consultation paper. The markets regulator, in November 2018, introduced Unified Payment Interface (UPI) as an additional payment mechanism with Application Supported by Blocked Amount (ASBA) for retail investors and prescribed the timelines for listing within six days of closure of issue (T+6). 'T' is the day of closure of the issue. Over the last few years, Sebi has ensured that a series of systemic enhancements have been undertaken across al

Potential spin-off: Sony weighs finance arm IPO to fuel investment push

Its shares rose 6.4 per cent in Tokyo, their biggest jump in six months