Page 77 - Ipos

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

Last day! Kabra Jewels IPO ends today; subscription rises 127x, GMP up 82%

The Kabra Jewels IPO, which opened for public subscription on Wednesday, January 15, 2025, is set to close on Friday, January 17, 2025. Check the key details here

Rikhav Securities IPO closes today; check subscription, GMP, listing date

Rikhav Securities shares were quoted at Rs 171 apiece in the grey market, translating to a grey market premium (GMP) of Rs 85 or 98.84 per cent over the upper end of the issue price

Markets Today: Wipro, TechM, RIL, Infy, Axis Bk Q3; FIIs; Capital Infra IPO

At 6:35 AM, GIFT Nifty futures indicated a weaker start for the markets, trading 56 points lower at 23,321.5

Rikhav Securities IPO Day 2; subscription surpasses 20x, GMP zooms 81%

Rikhav Securities' unlisted shares were trading at Rs 156 per share in the grey market, reflecting a premium of Rs 70, or 81.4 per cent, over the upper end of the issue price

Barflex Polyfilms IPO allotment; check status, GMP, listing schedule

Once the basis of allotment of Barflex Polyfilms IPO shares is finalised, investors can check the allotment status on the official websites of NSE, and Maashitla Securities

Stallion India IPO opens today: GMP up 54%; Should you park your money?

Stallion India IPO opens for public subscription today. Check price band, GMP, lot size, review, allotment, listing date, and more here

Laxmi Dental IPO allotment today; check status, GMP, likely listing price

Once the allotment of Laxmi Dental IPO shares is finalised, investors can check their status on the official websites of BSE, NSE, or Link Intime India, the registrar for the issue

Market Today: GIFT Nifty; RIL, Infy, Axis Bk Q3; Laxmi Dental IPO allotment

At 6:35 AM, GIFT Nifty futures indicated a gap-up opening for the markets, trading 150 points higher at 23,416

Stallion India IPO opens on January 16; check GMP, dates, other key details

As investors await the opening of the public offering, here are the key details of the Stallion India IPO, as outlined in the company's Red Herring Prospectus (RHP)

Barflex Polyfilms IPO closes today; Subscription reaches 15x, GMP up 23%

The unlisted shares of Barflex Polyfilms were trading at Rs 74 apiece, reflecting a grey market premium (GMP) of Rs 14 or 23.33 per cent against the upper end of the IPO price band of Rs 60