Page 84 - Ipos

Mangal Electrical Industries files draft papers for Rs 450 cr IPO

Transformer components manufacturer Mangal Electrical Industries Ltd has filed draft papers with the capital markets regulator Sebi to raise Rs 450 crore through an Initial Public Offering (IPO). The IPO of the Jaipur-based company is completely a fresh issue of shares with no Offer For Sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). The company may consider raising Rs 90 crore through a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced. As per the draft papers filed on Tuesday, proceeds from the fresh issue to the tune of Rs 122 crore will be used for funding working capital requirements of the company, Rs 120 crore for expanding the facility at Sikar, Rajasthan along with civil works at head office in Jaipur, Rajasthan, to increase storage capacity and Rs 96 crore for payment of debt, and general corporate purposes. Mangal Electrical Industries is a processor of transformer components, transformer lamination, ...

Anya Polytech & Fertilizers hits capital market to raise Rs 45 cr via IPO

Anya Polytech & Fertilizers Ltd on Thursday hit the capital market to raise around Rs 45 crore through its Initial Public Offering (IPO). The company manufactures HDPE & PP bags, zinc sulphate fertilizers and micronutrient mixtures for agricultural needs. The company is targeting to raise Rs 44.80 crore through its IPO. The shares will be listed on the NSE Emerge platform. The issue size is 3,20,00,000 equity shares with a price band of Rs 13-14 per share. The net proceeds from the IPO will be utilised to meet the capital expenditure towards purchase of plant & machinery and working capital requirement. That apart, the funds will also be used for setting-up a new project in Yara Green Energy Private Ltd, a subsidiary company. A part of the proceeds will be used for meeting working capital and capital expenditure in Arawali Phosphate Limited, a subsidiary company. The issue will close on December 30, 2024. Yashpal Singh Yadav, Managing Director of Anya Polytech & ...

Unimech Aerospace IPO closes today; Subscription rises 33x, GMP zooms 80%

Unimech Aerospace shares were quoted at Rs 1,415 apiece, reflecting a grey market premium (GMP) of Rs 630, or 80.25 per cent against the upper end of the IPO price

Carraro India IPO allotment: Check status, GMP, expected listing price

Investors can also verify their Carrayor India IPO allotment status post-finalisation on the official websites of the BSE, NSE, or Link Intime India, the registrar for the issue

Senores Pharma IPO allotment today: Check status, GMP, listing schedule

Unlisted shares of Senores Pharmaceuticals were trading at Rs 631 per share, reflecting a GMP of Rs 240 per share or 61.38 per cent over the upper end of the IPO price band of Rs 391

Ventive Hospitality IPO: Check allotment status, GMP, likley listing price

The basis of allotment of Ventive Hospitality IPO shares is likely to be finalised today. Check the allotment status, GMP, final subscription details, listing schedule, and more here

Share Market Today: Nifty F&O expiry; Unimech IPO closes; Senores allotment

Share market today: In the primary market, Unimesh Aerospace IPO will close for subscription today. Besides, Carraro India, Senores Pharmaceuticals, and Ventive Hospitality will have IPO allotment

GoMechanic eyeing threefold growth to Rs 700 cr by 2027 before IPO launch

Car services and repair platform GoMechanic expects over three-fold rise in net revenue to Rs 700 crore by 2027 and thereafter go for public listing, a top official of the company said. GoMechanic Co-Founder and CEO Himanshu Arora told PTI that the company at present has around 3 per cent market share and aims to raise it to 10 per cent in the next three years. The company is also looking to diversify offerings, foraying into the two-wheeler and electric vehicle services segment. "We sit at about 3 per cent of the market share right now and to be servicing every 1 car out of ten would be around 10 per cent by 2027. By 2027, we expect our brand to generate approximately Rs 700 crore in revenue. We believe that an IPO is a natural next step for GoMechanic's growth story," Arora said. The company at present provides services through 800 garages across 125 cities and plans to scale up to 2,500 garages across 500 cities by 2027. GoMechanic was acquired by Servizzy, a subsidiary of the

IPO corner: Senores Pharma subscribed 93x; Carraro 1.1x, Ventive 10x

Senores' IPO consisted of a Rs 500-crore fresh fundraise

IndiQube Spaces files draft papers with Sebi for Rs 850-crore IPO

The flexible workspace provider is backed by WestBridge Capital. It will use the proceeds for funding capital expenditure towards the establishment of new centres, repayment or pre-payment

Greaves Cotton rally 15%, hits record as arm files DRHP for Rs 1,000 cr-IPO

Greaves Cotton share rose after the company announced that its material subsidiary, Greaves Electric Mobility, has filed a Draft Red Herring Prospectus (DRHP) with Sebi, BSE and NSE for Rs 1,000 crore

Upcoming IPO: EV player Greaves Electric Mobility files DRHP with Sebi

Greaves Electric Mobility intends to use the proceeds from the fresh issue of shares for product research, development, and building battery assembly capabilities, and boosting manufacturing capacity

Unimech Aerospace IPO Day 2: Subscription surges 6x, GMP zooms 65%

The unlisted shares of Unimech Aerospace were trading at Rs 1,295 apiece, reflecting a grey market premium (GMP) of Rs 510 or 64.97 per cent against the upper end of the IPO price of Rs 785

Tata Group stocks zoom up to 12% on reports of Tata Capital's Rs 15K-cr IPO

Tata Group companies' shares increased following reports of Tata Capital planning to raise Rs 15,000 crore through an initial public offering (IPO)

Sanathan Textiles IPO allotment status: Check share allocation, and GMP

Sanathan textiles IPO allotment today: Check share allocation status, subscription data, GMP, listing schedule, and more

Mamata Machinery IPO allotment today: Check status, GMP, listing schedule

Mamata Machinery IPO allotment status: Once the allotment gets finalised, investors can check their status on the official websites of BSE, NSE, or Link Intime India, the registrar for the issue

Transrail Lighting IPO: Check allotment status, GMP, expected listing price

Once the Transrail Lighting IPO allotment gets finalised, investors can check their status by visiting the official websites of the BSE, NSE, or Link Intime, the registrar for the IPO

DAM Capital Advisors IPO allotment: Check status, GMP, likely listing price

The basis of allotment for DAM Capital Advisors IPO shares is expected to be finalised today. Investors can check the final subscription status, allotment status, GMP, and listing schedule here

Market Today: BoJ Minutes; Sanathan, DAM IPO allotment; NACDAC listing

Stock Market Today: Ventive Hospitality IPO, Senores Pharmaceuticals IPO, Carraro India IPO will close for subscription today

New listings through IPOs add 3% to India's market capitalisation in 2024

IPO fundraising reached Rs 1.8 trillion in 2024, 2.6 times the Rs 57,600 crore raised in 2023