Page 86 - Ipos

Unimech Aerospace IPO receives 3.81 times subscription on first day

The initial public offering of Unimech Aerospace and Manufacturing Ltd received 3.81 times subscription on the first day of share sale on Monday, helped by encouraging investors' participation. The Rs 500-crore initial share sale received bids for 1,79,22,111 shares, as against 47,04,028 shares on offer, as per NSE data. Retail Individual Investors (RIIs) part fetched 4.45 times subscription, while the category for non-institutional investors received 4.02 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 2.49 times. The Initial Public Offering (IPO) has a fresh issue of up to Rs 250 crore and an offer-for-sale (OFS) of up to Rs 250 crore. Price range for the offer has been fixed at Rs 745-785 per share. Anand Rathi Advisors Ltd and Equirus Capital Private Ltd are the book running lead managers to the offer. Unimech Aerospace is a high-precision engineering solutions company specialising in complex manufacturing solutions for the aerospace, ..

Upcoming IPO: Agrochemical company GSP Crop Science files DRHP with Sebi

The Initial Public Offering (IPO) comprises a mix of a fresh issue of shares worth around Rs 280 crore, and 6 million equity shares offered by promoter selling shareholders

Last Day! Concord Enviro IPO closes today: Subscription soars 7x, GMP up 7%

Concord Enviro has also received reviews from brokerages, including Bajaj Broking and SMIFS. Market analysts have recommended that investors subscribe to the public issue with a long-term perspective

DAM Capital Advisors IPO Day 3; Check subscription status, GMP, key details

DAM Capital Advisors IPO has witnessed the highest demand among Non-Institutional Investors (NIIs), who have oversubscribed the category reserved for them by 11.49 times

Mamata Machinery IPO closes today; Subscription rises 37x, GMP up 107%

The subscription window to bid for the Mamata Machinery IPO closes today. Here are the key details of the IPO, including price band, lot size, subscription status, GMP, and allotment and listing dates

Street signs: Capital's great takeoff, IPO buffet, SMEs defy gravity

Brokers highlight strong demand for three or four of these IPOs, driven by attractive grey market premiums

Solar91 Cleantech IPO to open on Dec 24; price band at Rs 185-195 per share

EPC solutions provider Solar91 Cleantech on Sunday said it has fixed a price band of Rs 185-195 per equity share for the Rs 106 crore initial share sale, which will hit markets on December 24. The initial public offering (IPO) will close on December 27. The bidding for anchor investors will open for a day on Monday, the company said in a statement. The shares of the company will be listed on the SME platform of BSE. At the upper end of the price band, the company is going to fetch around Rs 106 crore, it added. The proposed IPO is entirely a fresh issue of 54.36 lakh equity shares with a face value of Rs 10 each, according to the red herring prospectus. Proceeds from the IPO will be utilised to meet the expenses for investment in its subsidiary for the development of solar plants as an independent power producer (IPP), meet working capital requirements and cover general corporate purposes. "This IPO marks a new chapter for the company, empowering us to accelerate our growth, expan

NSE imposes new eligibility conditions for SME IPOs day after Sebi nod

Changes made just a day after Sebi's decision to tighten norms

Six issues fully subscribed today, IGI ends at 13% premium on listing day

Companies typically avoid December due to concerns about limited participation from foreign portfolio investors during the year-end holiday period

IPO Calendar: 14 public offerings to keep the investors busy next week

From opening to allotment and listing, here is the complete list of IPO activities set to keep investors busy next week

Mamata Machinery IPO Day 2: Subscription soars 23x, GMP zooms 107%

Mamata Machinery shares were trading at Rs 503 apiece, reflecting a grey market premium (GMP) of Rs 260 or 107 per cent per share over the upper end of the IPO price band of Rs 243

Banner year beckons again for India after $19 billion IPO record this year

Vishal Mega Mart Ltd.'s trading debut Wednesday underscored this insatiable appetite for IPOs - shares of the retailer surged more than 40 per cent. The feeding frenzy is set to roll into 2025

Markets Today: US GDP; China LPR; FIIs; Senores & Carraro IPOs; IGI listing

Early indicators pointed to a subdued start, with GIFT Nifty Futures trading 84 points lower at 23,934 at 6:55 AM

Concord Enviro IPO receives 59% subscription on first day of offer

The initial share sale of Concord Enviro Systems Ltd, an environmental engineering solutions firm, received 59 per cent subscription on the first day of bidding on Thursday. The initial public offering (IPO) got bids for 29,79,585 shares against 50,15,356 shares on offer, as per data available with the NSE. The retail individual investors (RIIs) portion received 1.02 times subscription while non-institutional investors part got subscribed 35 per cent. Concord Enviro Systems has raised Rs 150 crore from anchor investors. The Rs 500-crore IPO will close on December 23. The shares are available in a price range of Rs 665-701 per share. The IPO comprises a fresh issuance of equity shares worth Rs 175 crore and an offer-for-sale (OFS) of 46.41 lakh equity shares valued at Rs 325.33 crore, at the upper-end of the price band, by promoters and an investor. This aggregates the issue size to Rs 500.33 crore. Those selling shares in the OFS are, promoters Prayas Goel and Prerak Goel, promo

Mamata Machinery IPO gets subscribed by 16.48 times on Day 1 of offer

The initial public offer of packaging machinery manufacturer Mamata Machinery Ltd got fully subscribed within minutes of opening for bidding on Thursday and finally ended with 16.48 times subscription. The initial share sale received bids for 8,53,20,334 shares against 51,78,227 shares on offer, translating into 16.48 times subscription, as per NSE data. The quota for Retail Individual Investors (RIIs) fetched 23.84 times subscription. The portion for non-institutional investors received 18.87 times subscription and the category for Qualified Institutional Buyers (QIBs) got subscribed 1.51 times. The Rs 179-crore IPO is open for public subscription from December 19-23 in the price range of Rs 230-243 per share. Mamata Machinery Ltd on Wednesday said it has raised over Rs 53 crore from anchor investors. The Gujarat-based company's initial share sale is entirely an Offer For Sale (OFS) of 73.82 lakh equity shares by promoters worth Rs 179.38 crore at the upper end of the price ...

3 out of 5 IPOs fully booked on Day 1; IKS Health surges 48% on debut

Mamata was subscribed 16.6 times, DAM 2.8 times, and Transrail 2.12 times. Meanwhile, Concord and Sanathan were subscribed 60 per cent and 48 per cent

DAM Capital Advisors IPO subscribed 2.75 times hours after opening

The initial public offer (IPO) of DAM Capital Advisors received bids for 5,71,69,722 shares as against 2,08,04,632 shares on offer

Transrail Lighting's IPO fully subscribed hours after opening for bidding

Transrail Lighting's initial public offering (IPO) garnered full subscription hours after opening for bidding on Thursday. The initial share sale got bids for 1,77,77,512 shares against 1,39,16,742 shares on offer, translating into 1.28 times subscription, according to NSE data till 14:30 hours. Retail individual investors (RIIs) part received 2.07 times subscription while the category for non-institutional investors got subscribed 1.18 times. Transrail Lighting Ltd has mobilised Rs 246 crore from anchor investors. The Rs 839-crore IPO has a price band of Rs 410-432 per share. The company's IPO is a combination of a fresh issue of shares worth Rs 400 crore and an offer for sale of 1.01 crore equity shares by a promoter Ajanma Holdings Pvt Ltd. At present, Ajanma Holdings holds 83.22 per cent stake in the Mumbai-based company. At the upper end of the price band, the IPO size has been pegged at Rs 839 crore and a market capitalisation of nearly Rs 5,600 crore. Proceeds from the f

Laxmi India Finance files draft papers with Sebi to raise funds via IPO

NBFC player Laxmi India Finance Ltd has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The Jaipur-based company's proposed IPO is a combination of a fresh issue of 1.04 crore shares and an offer for sale (OFS) of 56.38 lakh shares by promoters, according to the draft red herring prospectus (DRHP). As per the draft papers filed last week, proceeds from the fresh would be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME loans, vehicle loans, construction loans, and other lending solutions to customers. As of June 2024, the NBFC had an asset under management (AUM) of Rs 1,035.53 crore, with MSME and vehicle loans contributing 75.49 per cent and 17.46 per cent respectively. Its operational network encompassed 139 branches across Rajasthan, Gujarat, Madh

DAM Capital Advisors IPO crosses halfway mark; Check latest GMP, review

DAM Capital Advisors' unlisted shares were trading at Rs 431 apiece, reflecting a grey market premium (GMP) of Rs 148, or 52.3 per cent against the upper end of the IPO price of Rs 283