Page 81 - Ipos

Markets Today: TCS, IREDA Q3; Fed Dec minutes; Standard Glass IPO allotment

In the previous session, the Sensex ended at 78,141.06, registering a decline of 58 points or 0.07 per cent, while the Nifty50 closed at 23,688.95, down 19 points or 0.08 per cent

Laxmi Dental's Rs 698 cr IPO to open on Jan 13 at price band of Rs 407-428

OrbiMed-backed Laxmi Dental on Wednesday said it has fixed the price band at Rs 407-428 per share for Rs 698 crore initial public offer which will hit the markets for public subscription on January 13. The company has decreased the size of its fresh issuance from Rs 150 crore to Rs 138 crore and expanded OFS (offer for sale) size from 1.28 crore equity shares to nearly 1.31 crore shares. The initial public offerings (IPO) will conclude on January 15, while bidding for anchor investors is to open for a day January 10, the company said in a statement. At the upper end of the price band, the company is expecting to fetch about Rs 698 crore from the public issue. The IPO is a combination of fresh issue of equity shares up to Rs 138 crore and an OFS of up to 1.31 crore equity shares by promoters -- Rajesh Vrajlal Khakhar and Sameer Kamlesh Merchant, and other shareholders, according to the Red Herring Prospectus (RHP) filed on January 7. Under the OFS, investor OrbiMed Asia II Mauritiu

Delta Autocorp IPO Day 2; Subscription reaches 24x, GMP zooms 84%

Delta Autocorp IPO, which opened for subscription on January 7, 2025, will remain available for subscription until Thursday, January 9, 2025

Quadrant Future Tek IPO Day 2; Strong response continues, GMP hits 72%

The strong response for Quadrant Future Tek IPO is also reflected in the grey market, where company's unlisted shares are trading at Rs 500 apiece against the upper end of the IPO price band of Rs 290

Standard Glass Lining IPO closes today; subscription soars 35x, GMP up 68%

The strong subscription aligns with grey market trends, as Standard Glass Lining's unlisted shares were commanding a premium of Rs 96 or 68.57 per cent over the upper end of the IPO price band

Fabtech Technologies IPO allotment today; check status, GMP, listing date

Once the allotment of Fabtech Technologies IPO shares is finalised, investors who applied for the offering can check the allotment status on the official websites of BSE and Maashitla Securities

Markets Today: FY25 GDP; Wall St. slips; Q3 results; Leo Dry Fruits listing

At 6:31 AM, GIFT Nifty futures indicated a subdued start, trading 72 points lower at 23,723, suggesting a negative opening for Indian bourses

Capital Infra Trust InvIT IPO gets 39% subscription on first day of offer

The initial public offering (IPO) of Capital Infra Trust, an infrastructure investment trust (InvIT), received 39 per cent subscription on the first day of bidding on Tuesday. The issue received bids for 3,46,59,300 units against the offered 8,83,83,750 units, according to data available on the stock exchanges. Other investors portion received 87 per cent subscription. Capital Infra Trust, sponsored by Gawar Construction, has garnered Rs 703 crore from anchor investors. The issue, with a price band of Rs 99-100 per unit, will conclude on January 9. The company's IPO is a combination of a fresh issue of units aggregating up to Rs 1,077 crore and an offer for sale (OFS) of units valued up to Rs 501 crore by the sponsor selling unitholder Gawar Construction Ltd. This takes the total size to Rs 1,578 crore. The public issue of Capital Infra Trust (formerly National Infrastructure Trust) has become the first InvIT IPO of 2025. According to its prospectus, the proceeds from the fresh

Quadrant Future Tek IPO sees strong demand, 14x subscription; GMP soars 72%

Retail investors have shown the highest demand for the Quadrant Future Tek IPO, oversubscribing their reserved category by 49.04 times, followed by NIIs, who oversubscribed by 17.41 times

Standard Glass Lining IPO Day 2; NIIs lead charge with 66x oversubscription

The three-day subscription window to bid for the public offering is expected to close on Wednesday, January 8, 2025

Final Hours! Fabtech Tech IPO closes today: 252x subscription, GMP up 94%

The unlisted shares of Fabtech Technologies were trading at Rs 165 apiece, reflecting a grey market premium (GMP) of Rs 80 or 94.12 per cent over the upper end of the issue price of Rs 85

Quadrant Future Tek IPO opens today: GMP up 72%; Should you subscribe?

The unlisted shares of Quadrant Future Tek were quoted trading at Rs 500 apiece, reflecting a premium of Rs 210 or 72.41 per cent over the upper end of the issue price of Rs 290

IGL, BPCL, Gail (India) shares rise 2% each on in-principle nod to MNGL IPO

MNGL IPO news: BPCL's Board has given an in-principle approval for MNGL listing

Market Today: FY25 GDP; Quadrant, Capital Infra IPOs; Indo Farm IPO listing

Early signs indicate a positive opening for the markets. At 6:37 AM, GIFT Nifty futures were trading 51 points higher at 23,772, pointing to a higher start for the bourses

PS Raj Steels gets NSE Emerge's clearance to raise funds through IPO

Haryana-based P S Raj Steels on Monday said it has received in-principle approval from NSE's SME platform Emerge to raise funds through an initial public offering. P S Raj Steels Ltd (PSSR), a stainless-steel pipes and tubes manufacturer, received the approval from NSE's Small and Medium Enterprises (SME) platform Emerge on January 2, the company said in a statement. The company had filed its draft red herring prospectus (DRHP) with NSE Emerge in September 2024. PSSR is currently in the process of filing its Red Herring Prospectus (RHP) with updated information and expects to list on NSE Emerge, it added. The initial public offering (IPO) is entirely a fresh issue of up to 20.20 lakh equity shares with a face value of Rs 10 each, as per the draft papers. PSSR intends to utilise Rs 23.5 crore of the total IPO proceeds towards working capital requirement including margin money and the remaining capital will be used for issue related expenses. Promoted by Raj Kumar Gupta, Deepak Kum

Capital Infra Trust IPO opens on Jan 7: Check GMP, dates, other key details

Here are the key details of the Capital Infra Trust IPO, outlined by the company in its Red Herring Prospectus (RHP)

Standard Glass Lining IPO update; Subscription soars 6x, GMP zooms 69%

The strong subscription aligns with grey market trends, as Standard Glass Lining's unlisted shares were trading at Rs 237, reflecting a grey market premium (GMP) of Rs 97 or 69.29 per cent

Indo Farm Equipment IPO GMP, listing forecast: What to expect on debut day?

The grey market premium (GMP) indicate a favorable debut for Indo Farm Equipment shares on the BSE and NSE, scheduled for Tuesday, January 7, 2025

Leo Dry Fruits IPO allotment today; check status, GMP, listing schedule

Once the allotment of Leo Dry Fruits IPO shares is finalised, investors who applied for the public offering can check the allotment status on the official websites of BSE and Bigshare Services

Last day! Parmeshwar Metal closes today; Subscription rises 45x, GMP up 65%

The unlisted shares of Parmeshwar Metal were trading at Rs 101 a piece, reflecting a grey market premium (GMP) of Rs 40 or 65.57 per cent over the upper end of the issue price of Rs 61