Page 88 - Ipos

Sanathan Textiles IPO to open on Dec 19; sets price band at Rs 305-321

Yarn manufacturer Sanathan Textiles on Monday said it has fixed a price band of Rs 305-321 per share for its Rs 550-crore initial public offering (IPO). The initial share-sale will open for public subscription on December 19 and conclude on December 23. The bidding for anchor investors will open for a day on December 18, the company announced. The company's IPO is a combination of a fresh issue of equity shares aggregating up to Rs 400 crore and an Offer For Sale (OFS) of shares valued Rs 150 crore by promoters and promoter group entities. The company plans to utilize the proceeds from its fresh issue worth Rs 160 crore for payment of debt, Rs 140 crore will be invested in its subsidiary, Sanathan Polycot Pvt Ltd, for the repayment or prepayment of its borrowings, and the remaining amount will be allocated for general corporate purposes. Sanathan Textiles operates three distinct yarn business divisions - polyester yarns, cotton yarns, and yarns - for technical textiles and industri

Transrail Lighting's IPO to open on Dec 19; price band at Rs 410-432

Transrail Lighting Ltd on Monday fixed a price band of Rs 410-432 per share for its Rs 839-crore Initial Public Offering (IPO) that opens for subscription on December 19. The initial share-sale is scheduled to close on December 23 and the bidding for anchor investors will open for a day on December 18, the company announced. The company's proposed 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 Private Ltd. At present, Ajanma Holdings holds a 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 fresh issue will be used to fund incremental working capital requirements, to support capital expenditure and for general corporate purposes. Half of the issue has been reserved for qualified institutional buyers, 35 for retail investors and the

Upcoming IPO: Anand Rathi's brokerage arm files draft papers with Sebi

With the IPO, Anand Rathi Share and Stock Brokers is planning to raise up to Rs 745 crore, which comprises an entire fresh issue of shares with a face value of Rs 5 apiece

Mobikwik IPO allotment today: Check status, GMP, expected listing price

The unlisted shares of Mobikwik were trading at Rs 444, reflecting a grey market premium (GMP) of Rs 165 or 59.14 per cent over the upper end of the IPO price band of Rs 279

Final Hours! IKS IPO closes today: Subscription zooms 4x, GMP up 30%

Unlisted shares of Inventurus Knowledge Solutions were commanding a strong grey market premium (GMP) of Rs 405, or 30.47 per cent, over the upper price band of Rs 1,329 apiece

Sai Life Sciences IPO: Check allotment status, GMP, likely listing price

The basis of allotment for Sai Life Sciences IPO shares is expected to be finalised today, Monday, December 16, 2024. Here's how you can check the allotment status once it gets finalised

Vishal Mega Mart IPO allotment today: Check status, GMP, and more

Once the allotment is finalised, investors can check their status on the official websites of BSE, NSE, or Kfin Technologies, the registrar for the issue

Markets today: Nov WPI; Dec PMI flash; MobiKwik, Vishal Mega IPO allotment

In the previous session, the Sensex settled 843.16 points or 1.04 per cent higher at 82,133.12. Similarly, the Nifty ended higher 219.60 points or 0.89 per cent at 24,768.30

Eleganz Interiors files draft papers with NSE Emerge to raise funds via IPO

Eleganz Interiors, a leading provider of interior fit-out solutions provider, on Saturday said it has filed draft papers with NSE Emerge to mobilise funds via an initial public offering. The initial public offering (IPO) is entirely a fresh issuance of up to 60.05 lakh shares, each with a face value of Rs 10, the company said in a statement. The shares of the company will be listed on the SME platform of the National Stock Exchange (NSE) Emerge, according to the draft red herring prospectus. Vivro Financial Services is the sole book-running lead manager, while Bigshare Services is the registrar for the IPO. Mumbai-based Eleganz intends to leverage its existing footprint and expand its presence in these key regions to further solidify its market position. Proceeds from the issue worth Rs 25 crore will utilised by the company to repay outstanding debt and Rs 30 crore to fund working capital needs. The remaining funds will be used for general corporate purposes. Eleganz offers a ..

Vishal Mega Mart IPO closes day; Check GMP, subscription status, and more

Vishal Mega Mart IPO, which opened for public subscription on Wednesday, December 11, 2024, is set to close today

IPO fever hits D-Street: 4 opening, 11 listing to lure investors next week

IPO Calendar: Indian primary markets are set to remain buzzing with several public offerings next week. Here are the full details of the upcoming IPO activities scheduled for the week

Final Hours! Mobikwik IPO closes today: Subscription zooms 20x, GMP up 56%

Mobikwik IPO has garnered an overwhelming response from investors, with bids pouring in for 24,18,36,721 shares against the 1,18,71,696 shares on offer, resulting in an oversubscription of 20.37 times

Jungle Camps India IPO allotment today: Check status, GMP, and more

Jungle Camps India's unlisted shares are trading at Rs 132 per share, reflecting a grey market premium (GMP) of Rs 60 or 83.33 per cent from the IPO's upper price band of Rs 72

Toss The Coin IPO allotment today: Check status, GMP, likely listing gain

Once the allotment is finalised, investors can check the status on the official websites of BSE or Link Intime India, the registrar for the issue

Markets today: Inflation at 5.48%; Nov WPI; Wall St falls; Gemmological IPO

At 7:25 AM, GIFT Nifty futures were trading 105 points lower at 24,543 levels, hinting at a gap-down start

IPO-bound Rebel Foods raises $210 million in funding round led by Temasek

Other participants included existing investor Evolvence. The Series G round which was a mix of primary and secondary share sales also facilitated exits for certain investors, the company said

Identical Brains Studios announces IPO on Dec 18 to raise Rs 20 crore

Visual Effects (VFX) firm Identical Brains Studios on Thursday said it is gearing up to raise Rs 20 crore through an initial public offering (IPO) on December 18. The announcement comes after NSE Emerge granted in-principle approval for the IPO earlier this month. The three-day public issue will conclude on December 20, the company announced. The Mumbai-headquartered company's public issue will comprise a fresh issuance of 36.94 lakh equity shares with a face value of Rs 10 each. Proceeds from the IPO will be utilized to expand and enhance the company's operations. This includes renovating the existing office and studio in Andheri, establishing a new branch office in Lucknow, and setting up a Color Grading Digital Intermediate (DI) and Sound Studio at a new branch office in Andheri. Additionally, the funds will be used to purchase essential equipment such as computers, storage systems, and software to upgrade existing facilities. The remaining portion of the proceeds will be alloc

Sai Life Sciences IPO fully subscribed on Day 2; QIBs drive demand

The unlisted shares of Sai Life Sciences were trading at Rs 586 apiece, reflecting a grey market premium (GMP) of Rs 37 or 6.74 per cent per share over the upper end of the IPO price band of Rs 549

Final Hours! Toss The Coin IPO closes today: GMP up 109%; Details here

Toss The Coin IPO has so far received a strong response from investors, with subscriptions reaching around 526 times

Vishal Mega Mart IPO Day 2: Subscription reaches 0.73x, GMP zooms 27%

Non-Institutional Investors (NIIs) have led the demand for the Vishal Mega Mart IPO, subscribing to their reserved quota 1.71 times