Page 72 - Ipos

Final Hours! Denta Water IPO ends today: Subscription soars 50x, GMP at 47%

Denta Water IPO, which opened for public subscription on January 22, is set to close today, January 24, 2025. Subscription status, GMP, allotment, listing dates, and brokerage reviews - check here

EPack Prefab Tech files IPO papers to raise Rs 300 cr via fresh issue

EPack Prefab Technologies has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The IPO comprises fresh issues of shares worth Rs 300 crore and an Offer For Sale (OFS) of 1 crore shares by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday. The Greater Noida-based company may consider raising Rs 60 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the extent of Rs 101.62 crore will be used for setting up a new manufacturing facility at Ghiloth Industrial Area at Alwar in Rajasthan; Rs 58.10 crore for expansion of the existing manufacturing facility at Mambattu in Andhra Pradesh for increasing the pre-engineered steel building capacity; Rs 70 crore for payment of debt and a portion will be used for general corporate purposes. Incorporated in 1999, EPack Prefab Technologies provides Pre-Engineered Building (PEB) .

Denta Water and Infra IPO gets 50.6 times subscription on second day

The initial public offer of Denta Water and Infra Solutions received 50.63 times subscription on the second day of bidding on Thursday. The initial share sale received bids for 26,58,10,750 shares against 52,50,000 shares on offer, translating into 50.63 times subscription, according to data available with the NSE. The portion for non-institutional investors fetched 128.41 times subscriptions, while the category for retail individual investors (RIIs) got subscribed 43.51 times. The quota for qualified institutional buyers (QIBs) received 4.75 times the subscription. Denta Water and Infra Solutions on Tuesday said it has raised a little over Rs 66 crore from anchor investors. The issue, with a price band of Rs 279-294 per share, will conclude for public subscription on Friday. The IPO is entirely a fresh issue of 75 lakh equity shares worth Rs 220.5 crore at the upper end of the price band. Proceeds to the extent of Rs 150 crore will be utilised for meeting working capital ...

ArisInfra Solutions mobilises Rs 80 crore in pre-IPO funding round

Technology-driven construction material provider ArisInfra Solutions Ltd has mobilised Rs 80 crore in a pre-IPO funding round. Those who participated in the funding round included Cognizant Capital Dynamic Opportunities Fund, JVS Holdings LLP, and Lamha Enterprise LLP. On January 17, ArisInfra's board of directors and shareholders approved this pre-IPO placement. Following this, the company secured Rs 80 crore by selling 36,03,792 equity shares at Rs 222 apiece, according to a public announcement. In August 2024, ArisInfra Solutions filed draft papers with capital markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO). The Mumbai-based company's proposed IPO is completely a fresh issue of equity shares with no offer for sale (OFS) component. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from ...

Stock Market Close Highlights: Sensex adds 115pts, Nifty ends atop 23,200; UltraTech Cement zooms 7%

Stock Market LIVE on Thursday, January 23, 2025: At 7:17 AM, GIFT Nifty futures were trading 63 points lower at 23,136, indicating a lower start for the bourses

Karamtara Engineering files draft papers with Sebi for Rs 1,750 cr IPO

Power transmission firm Karamtara Engineering has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,750 crore through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of shares valued at Rs 1,350 crore and an offer for sale (OFS) of shares worth Rs 400 crore by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday. As a part of the OFS, promoters --Tanveer Singh and Rajiv Singh -- are offloading shares worth Rs 200 crore each. Overall, promoters hold 94.8 per cent stake in the company at present. Proceeds of the fresh issue to the tune of Rs 1,050 crore will be used towards payment of debt and a portion will be utilised for general corporate purposes. Karamtara Engineering is a backward integrated manufacturer of products for renewable energy and transmission lines sectors. It offers a diverse product portfolio which enables it to serve as a one-stop shop for solar structures ...

Markets Today: Nifty weak; Q3 nos; Denta Water IPO Day 2, Stallion listing

Stock Markets Today, Stock Market Prediction, Jan 23: Q3 results, FII activity, weekly F&O Nifty expiry, and global cues will guide the markets today

Stock Market Highlights: Sensex ends 567pts up led by Infy, HDFC Bank; Broader indices fall over 1%

Stock Market Close Highlights, Jan 22: The NSE Nifty 50 index ended 131 pts higher at 23,155. Sectorally, the Nifty IT index soared over 2 per cent, while the Realty index cracked almost 5 per cent.

Kent RO Systems files for IPO, promoters to sell over 10 million shares

The offer, which includes up to 10,094,568 equity shares, is aimed at achieving the benefits of listing on stock exchanges

Denta Water IPO opens today: GMP up 56%, Subscribed 2x; should you bid?

Denta Water IPO GMP Today: Denta Water IPO GMP today stands at Rs 165 per share. The issue has been fully subscribed on Day 1 of the IPO

Denta Water and Infra raises Rs 66 crore from anchor investors ahead of IPO

Water and infrastructure solutions company Denta Water and Infra Solutions Ltd on Tuesday said it has raised a little over Rs 66 crore from anchor investors ahead of its initial public offering (IPO). Foreign and domestic institutions who participated in the anchor included Abakkus Diversified Alpha Fund-2, Rajasthan Global Securities, Saint Capital Fund, Finavenue Capital Trust, Chhatisgarh Investments Ltd, Steptrade Revolution Fund, Astorne Capital VCC -- Arven and Aarth AIF, according to a circular uploaded on BSE's website. As per the circular, the company has allocated 22.5 lakh equity shares at Rs 294 apiece to 10 funds, aggregating the transaction size to Rs 66.15 crore. The issue, with a price band of Rs 279 to Rs 294 per share, will open for public subscription on January 22 and conclude on January 24. The IPO is entirely a fresh issue of 75 lakh equity shares worth Rs 220.5 crore at the upper end of the price band. Proceeds from its fresh issuance to the extent of Rs 150

Bankers shouldn't get bad companies to markets who misuse IPO money: Buch

Sebi Chairperson Madhabi Puri Buch on Tuesday said the capital markets regulator has found "egregious misuse" of funds raised through initial public offerings (IPOs) by certain companies and urged investment bankers to desist from helping such entities access the capital markets. Even before the term "agentic artificial intelligence" was coined, Sebi had been working on a tool based on that concept to process IPO documents faster, Buch said. Speaking at an event organised by Association of Investment Bankers' of India (AIBI), Buch said the i-bankers know exactly when they are bringing a "pump and dump" company to the market. "You (i-bankers) should not bring a bad company to the market," she urged the audience comprising rainmakers. There are markers like the high fees being paid to the banker, or the company having less or no staff at all or no visits by the bankers to the facilities of a company which speak loudly about the intent behind an issuance and it being a "pump and dump"

EPC firm Lumino Industries files draft papers with Sebi for Rs 1,000 cr IPO

Lumino Industries, an EPC company specialising in conductors, power cables, and power EPC projects, has filed its draft red herring prospectus (DRHP) with SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The IPO comprises a mix of a fresh issue of shares worth Rs 600 crore and an offer-for-sale (OFS) of Rs 400 crore by promoters. A portion of the offer will be reserved for the eligible employees under the employee reservation portion. In addition, the Kolkata-based company, in consultation with the book-running lead managers (BRLMs), may consider a pre-IPO placement of equity shares aggregating up to Rs 120 crore. The company will use Rs 420 crore proceeds from the fresh issue to reduce borrowing. Only a meagre amount of Rs 15 crore will go for capex while the rest will be used for general corporate purposes. The IPO will carry a face value of Rs 5 per equity share.

Sebi to start pre-listing trading in IPO to curb grey market activity: Buch

Sebi is looking at introducing a system where an investor can sell shares as soon as they are allotted in an Initial Public Offering (IPO) to curb grey market activity, chairperson Madhabi Puri Buch said on Tuesday. The chief of the capital markets regulator also announced that the top two proxy advisory firms are on the verge of launching a portal which will be a repository of related party transactions and will be useful in judging the governance standards in a company for any stakeholder. It can be noted that many IPOs in the recent past have seen very high subscriptions, and many of the issuances have also made huge listing-day gains which result in the grey market activity of passing on allotted shares. Buch, an i-banker turned markets regulator, reminisced that during her banking days, this grey market activity used to be called "curb trading". "We feel that if anyway investors want to do that, why not give them that opportunity in a proper regulated way?" Buch said, addressi

Stallion India IPO garners 188.38 times subscription on last day of offer

The initial public offer of Stallion India Fluorochemicals Ltd received 188.38 times subscription on the closing day of bidding on Monday, driven by overwhelming participation from investors. The Rs 199.45 crore initial share sale got bids for 2,92,22,89,425 shares against 1,55,12,978 shares on offer, as per NSE data. The portion meant for non-institutional investors fetched a huge 422.42 times subscription while the category for Qualified Institutional Buyers (QIBs) received 172.93 times subscription. The category for Retail Individual Investors (RIIs) garnered 96.90 times subscription. Refrigerants supplier Stallion India Fluorochemicals on Tuesday fixed a price band of Rs 85-90 per share for its initial public offering (IPO). The IPO has a fresh issue of 1.78 crore equity shares and an offer-for-sale (OFS) component of 43.02 lakh shares by its promoter Shazad Sheriar Rustomji. Proceeds from the issue will be used towards funding working capital requirements, capital expenditure

Upcoming IPO! Veritas Finance files DRHP for Rs 2,800-cr offering with Sebi

Veritas Finance IPO: This would comprise of a fresh issue of equity shares, aggregating up to Rs 600 crore, and an offer for sale (OFS) of equity shares, aggregating up to Rs 2,200 crore

Last Day! Stallion India IPO ends today; subscription at 77x, GMP up 48%

Non-institutional investors (NIIs) have shown major interest in Stallion India IPO, subscribing at 216.08 times, while Retail investors have subscribed at 60.31 times

Markets Today: Trump Inauguration; Paytm, Zomato Q3; Stallion India IPO end

Stock Market Today, Jan 20: 245 companies are expected to announce their Q3 results this week, including HDFC Bank, Hindustan Unilever, Paytm, and Zomato. Meanwhile Laxmi Dental will list today

Stallion India Fluorochemicals IPO gets 32 times subscription on day 2

The initial public offer of Stallion India Fluorochemicals Ltd received 32.06 times subscription on the second day of bidding on Friday. The initial share sale got bids for 49,73,74,020 shares against 1,55,12,978 shares on offer, as per NSE data. The portion for non-institutional investors fetched 76.33 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 30.93 times. The category for Qualified Institutional Buyers (QIBs) received 31 per cent subscription. Refrigerants supplier Stallion India Fluorochemicals on Tuesday fixed a price band of Rs 85-90 per share for its initial public offering (IPO). The IPO has a fresh issue of 1.78 crore equity shares and an offer-for-sale (OFS) component of 43.02 lakh shares by its promoter Shazad Sheriar Rustomji. At the upper end of the price band, the IPO is pegged at Rs 199.45 crore. The public issue will conclude on January 20. Proceeds from the issue will be used towards funding working capital requireme

IPO calendar: 4 new issues, 7 listings to ignite primary markets next week

From opening to allotment to listing, here is the complete list of IPOs to keep primary market investors busy next week