Page 92 - Ipos

Ahead of IPO, NTPC Green Energy sets up joint venture with MSPGCL

State-owned NTPC on Tuesday said its arm has set up a 50:50 joint venture with Maharashtra State Power Generation Company Ltd. The two parties have launched MAHAGENCO NTPC GREEN ENERGY PRIVATE LIMITED (MNGEPL), which will develop, operate and maintain renewable energy parks in Maharashtra. According to a regulatory filing, the MNGEPL was incorporated on November 25, 2024, as a 50:50 joint venture of NTPC Green Energy Ltd (NGEL), a wholly-owned subsidiary of NTPC Ltd and Maharashtra State Power Generation Company Ltd (MAHAGENCO), a Government of Maharashtra owned company. The JV will be engaged in the business of developing, operating and maintaining renewable energy parks in Maharashtra under UMREPP and allot parks for development of Renewable Energy Projects, it added. The NGEL has subscribed 50,000 equity shares at the face value of Rs 10 each.

Suraksha Diagnostic aims to raise Rs 846 cr through IPO, sets price band

Integrated diagnostic chain Suraksha Diagnostic Ltd on Tuesday said it has fixed a price band of Rs 420 to Rs 441 apiece for its Rs 846-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 29 and conclude on December 3 and the bidding for anchor investors will open for a day on November 28, the company announced. The Kolkata-headquartered company's IPO consists of an Offer-for-Sale (OFS) of 19,189,330 equity shares worth Rs 846.25 crore, at the upper end of the price band, by promoters and investor shareholders, with no fresh issue component. Under the OFS, promoters -- Somnath Chatterjee, Ritu Mittal, Satish Kumar Verma and investors -- OrbiMed Asia II Mauritius Ltd, Munna Lal Kejriwal and Santosh Kumar Kejriwal will offload shares. Since the issue is completely an OFS, the company will not receive any proceeds and all the funds will go to the selling shareholders. Explaining the reason for going public, the company said it is

Suraksha Diagnostic IPO opens on Nov 29: Check GMP, dates & other details

As the IPO approaches, here are the key highlights from the company's RHP that every investor should know

Upcoming IPO: Sebi clears Unimech Aerospace issue; Key notes from DRHP

As investors await further details from Unimech Aerospace, here are the key takeaways from the Draft Red Herring Prospectus (DRHP) that the company submitted to the market regulator, Sebi

Enviro Infra Engineers IPO closes today: Subscription zooms 12x, GMP up 32%

Enviro Infra Engineers' unlisted shares were trading at a premium of Rs 48 over the upper price band of Rs 148, indicating a grey market premium (GMP) of 32.43 per cent on Tuesday

Markets Today: FIIs; Enviro Infra IPO; Dow, S&P at record; Oil & Gold slide

At 6:55 AM, GIFT Nifty futures were down 13.5 points, trading at 24,260, indicating a flat to negative start for the markets

Kalpataru, Unimech Aerospace get Sebi's nod to raise funds through IPOs

Real estate firm Kalpataru Ltd and Unimech Aerospace and Manufacturing Ltd have received Sebi's go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Monday. Kalpataru and Unimech Aerospace are aiming to raise Rs 1,590 crore and Rs 500 crore, respectively, through their initial share sale offers. The two companies, which filed their preliminary papers with the markets regulator in August, obtained observations during November 21-22, the update showed. In Sebi's parlance, obtaining the observations means its go-ahead to launch the public issues. According to the draft papers, Mumbai-based Kalpataru's IPO comprises a fresh issue of shares aggregating up to Rs 1,590 crore. It would use Rs 1,192.5 crore for payment of debt. Kalpataru Ltd is part of the Kalpataru group. Other companies in the group are Kalpataru Projects International Ltd, Property Solutions (India) and Shree Shubham Logistics Ltd. Bengaluru-based Unimech ...

NTPC Green Energy IPO allotment: Check status, GMP, likely listing price

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

Market Today: GIFT Nifty, Maharashtra election, Enviro Infra IPO, Dow Jones

At 6:54 AM, GIFT Nifty futures were trading 395 points higher at 24,281.5, indicating a gap-up start for the bourses

Investors fully subscribe Enviro Infra Engineers IPO on day 1 of offer

The initial share sale of Enviro Infra Engineers, which is involved in development of turnkey projects of sewage treatment plants and sewerage system, got fully subscribed on the first day of the offer on Friday. The initial public offering (IPO) received bids for 6,38,69,269 shares against 3,07,93,600 shares on offer, translating into 2.07 times subscription, according to NSE data. The portion for non-institutional investors attracted 2.98 times subscription while the qualified institutional buyers (QIBs) part got subscribed 2.04 times. The category for retail individual investors (RIIs) fetched 1.70 times subscription. Enviro Infra Engineers on Thursday collected about Rs 195 crore from anchor investors. The Rs 650-crore initial share sale is in a price range of Rs 140-148 apiece. The company's IPO is a combination of a fresh issue of 3.87 crore equity shares and an offer for sale (OFS) component of 52.68 lakh shares by promoters. Currently, promoters hold over 93 per cent stak

Enviro Infra Engineers IPO Day 1: GMP up 26%; Should you subscribe?

Brokerages including Deven Choksey Research, Anand Rathi Research, Bajaj Broking and Swastika Investmart have shared broadly positive reviews for the Enviro Infra Engineers IPO

IPO Calendar: 10 public offerings to keep the investors busy next week

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

Market Today: GIFT Nifty; Adani stocks; Zinka, NTPC Green IPO; PMI, Rupee

In the previous session, the Sensex fell 0.54 per cent to close at 77,156.80, while the Nifty declined 0.72 per cent to settle at 23,349.90

NTPC Green IPO crosses halfway mark on Day 2: GMP stays green; Subscribe?

NTPC Green Energy IPO has seen the highest demand from retail investors, with their reserved portion oversubscribed by 1.99 times

Upcoming IPO: Education services provider Crizac files DRHP with Sebi

The Crizac IPO comprises an entirely offer-for-sale of the company's shares with a face value of Rs 2 per equity share, aggregating up to Rs 1,000 crore

​Should you dump Adani Green stock for NTPC Green IPO? What analysts say

Vneet Jaain, former chief executive officer at Adani Green Energy along with Adanis, prosecutors said, raised over $3 billion in loans and bonds by hiding their corruption from lenders and investors

Market Today: F&O rules, Adani Group stocks, NTPC Green IPO, Zinka listing

Investors will closely watch the implementation of new F&O rules, the NTPC Green Energy IPO, coupled with the Maharashtra Assembly election developments and Nifty50 expiry

Best of BS Opinion: Expanding regulation, Rio realities, towards US+1 world

Here is the best of Business Standard's opinion pieces for today

Belrise files Rs 2,150 cr IPO, UPL announces Rs 3,377 cr rights issue

The company is considering a pre-IPO placement of up to Rs 430 crore. If the pre-IPO goes through, the amount so raised will be reduced from the general purposes portion of the issue

CIEL HR files papers for IPO, to be 2nd listed HR solutions firm in India

The public issue is a mix of fresh issue of shares worth Rs 335 crore and offer for sale of 4.74 million shares, with face value of Rs 2 each equity share.