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The initial public offer of Quality Power Electrical Equipments Ltd received 83 per cent subscription on the day two of bidding on Monday. The initial share sale got bids for 92,24,514 shares against 1,11,12,530 shares on offer, as per NSE data. The quota for non-institutional investors garnered 1.10 times subscription while Retail Individual Investors (RIIs) part got subscribed 1.07 times. The category for Qualified Institutional Buyers (QIBs) received 62 per cent subscription. The energy transmission equipment and technologies company has garnered over Rs 386 crore from anchor investors. The Rs 859-crore Initial Public Offering (IPO) will conclude on Tuesday. The IPO is in a price range of Rs 401-425 per share. The initial public offer has a fresh issue of equity shares aggregating up to Rs 225 crore and an offer-for-sale (OFS) of 1.5 crore shares valued at Rs 634 crore at the upper end of the price band. This takes the total issue size to Rs 859 crore. Proceeds from the fresh
Technology-driven construction material provider ArisInfra Solutions Ltd has mobilised Rs 80 crore in a pre-IPO funding round. Those who participated in the funding round included Cognizant Capital Dynamic Opportunities Fund, JVS Holdings LLP, and Lamha Enterprise LLP. On January 17, ArisInfra's board of directors and shareholders approved this pre-IPO placement. Following this, the company secured Rs 80 crore by selling 36,03,792 equity shares at Rs 222 apiece, according to a public announcement. In August 2024, ArisInfra Solutions filed draft papers with capital markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO). The Mumbai-based company's proposed IPO is completely a fresh issue of equity shares with no offer for sale (OFS) component. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from ...
Water and infrastructure solutions company Denta Water and Infra Solutions Ltd on Tuesday said it has raised a little over Rs 66 crore from anchor investors ahead of its initial public offering (IPO). Foreign and domestic institutions who participated in the anchor included Abakkus Diversified Alpha Fund-2, Rajasthan Global Securities, Saint Capital Fund, Finavenue Capital Trust, Chhatisgarh Investments Ltd, Steptrade Revolution Fund, Astorne Capital VCC -- Arven and Aarth AIF, according to a circular uploaded on BSE's website. As per the circular, the company has allocated 22.5 lakh equity shares at Rs 294 apiece to 10 funds, aggregating the transaction size to Rs 66.15 crore. The issue, with a price band of Rs 279 to Rs 294 per share, will open for public subscription on January 22 and conclude on January 24. The IPO is entirely a fresh issue of 75 lakh equity shares worth Rs 220.5 crore at the upper end of the price band. Proceeds from its fresh issuance to the extent of Rs 150
Indo Farm Equipment on Monday said it has mobilised a little over Rs 78 crore from anchor investors, a day before its initial share sale opening for public subscription. Negen Undiscovered Value Fund, Niveshaay Hedgehogs, Rajasthan Global Securities, Subham Capital, India Equity Fund I, Saint Capital Fund and Vikasa India EIF I Fund - Share Class P, among others, were anchor investors, according to a circular uploaded on BSE's website. According to a circular, Indo Farm Equipment has allotted 36.30 lakh shares to 11 entities at Rs 215 per equity share, which is also the upper end of the price band. This aggregates the transaction size to Rs 78.04 crore. The issue, with a price band of Rs 204-215 per share for its initial share sale, will open for public subscription on December 31 and conclude on January 2. The Rs 260-crore initial public offering (IPO) comprises a fresh issue of 86 lakh equity shares and an offer for sale (OFS) of 35 lakh equity shares by promoter Ranbir Singh ..
The initial public offering of packaging machinery manufacturer Mamata Machinery Ltd fetched a whopping 194.95 times subscription on the final day of share sale on Monday. The Rs 179-crore initial share sale received bids for 1,00,94,81,802 shares, as against 51,78,227 shares on offer, as per NSE data. The Non-Institutional Investors part received a staggering 274.38 times subscription, while the Qualified Institutional Buyers (QIBs) chunk got subscribed 235.88 times. Retail Individual Investors (RIIs) portion garnered 138.08 times subscription. The Rs 179-crore IPO has a 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 band. Since it is an OFS, the company will not receive any proceeds from the public issue, and the entire fun
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
Transrail Lighting Ltd has mobilised Rs 246 crore from anchor investors including ICICI Prudential Mutual Fund and Tata Mutual Fund. Apart from these, Winro Commercial (India) Ltd, Bengal Finance and Investments, SBI General Insurance Company and LIC Mutual Fund are the top anchor investors, according to a circular uploaded on BSE's website. As per the circular, Transrail Lighting has allotted 56.94 lakh shares to 19 funds at Rs 432 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 245.97 crore. The Rs 839-crore IPO is available for public subscription from December 19 to December 23. The price band has been set at Rs 410-432 per share. 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 83.22 per cent stake in the Mumbai-based company. At the upper end of the price ba
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 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
Fintech company One MobiKwik Systems on Tuesday said it has garnered Rs 257 crore from anchor investors ahead of its initial public offering (IPO) . Foreign and domestic institutions who participated in the anchor round included Government Pension Fund (Norges Fund), Eastspring Investments, Morgan Stanley Investments, White Oak Capital, 360 One Asset & Wealth Management, HDFC Mutual Fund (MF), Axis MF, SBI MF and SBI General Insurance, according to a circular uploaded on BSE's website. According to the circular, MobiKwik has decided to allocate 92.26 lakh equity shares to 21 funds at Rs 279 apiece, which is also the upper end of the price band. This translates into the transaction size to Rs 257.4 crore. The IPO is entirely a fresh issuance of equity shares worth up to Rs 572 crore with no any offer-for-sale (OFS) portion. The issue, with a price band of Rs 265-279 per share, will be open for subscription during December 11 to 13. As per the Red Herring Prospectus (RHP), Peak XV ..
Enviro Infra Engineers, which is involved in the development of turnkey projects of sewage treatment plants and sewerage system, on Thursday collected around Rs 195 crore from anchor investors, a day before its initial share sale opening for public subscription. Quant Mutual Fund, Motilal Oswal Mutual Fund, LIC Mutual Fund, Abakkus Diversified Alpha Fund-2, Singularity Equity Fund I and Meru Investment Fund PCC Cell 1 are among the anchor investors, according to a circular uploaded on BSE's website. As per the circular, Enviro Infra Engineers has allotted over 1.31 crore equity shares to 22 funds at Rs 148 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 194.68 crore. The Rs 650-crore initial share sale will open for public subscription on November 22 and conclude on November 26. Shares will be available in the price range of Rs 140 to Rs 148 apiece. The city-based company's proposed IPO is a combination of a fresh issue of 3.87 cror
Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors ahead of its initial public offering. On Tuesday, the company had fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will open for public subscription on September 16 and conclude on September 19. According to a regulatory filing, the company has issued 95,62,500 shares to anchor investors at Rs 128 per share, aggregating to Rs 122.40 crore. These investors include BNP Paribas Financial Markets -- ODI, Societe Generale-ODI and Saint Capital Fund. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (OFS) component. Proceeds from the issue will be used for development of the company's ongoing as well as upcoming projects, funding acquisition of future real estate projects and general corporate purposes. Arkade Developers is a fast-growing real estate development company with a significant presence i
Jewellery retail chain PN Gadgil Jewellers Ltd on Monday said it has raised Rs 330 crore from anchor investors, a day before its initial share-sale opening for public subscription. ICICI Prudential Life Insurance Company, Tata Mutual Fund (MF), Axis MF, Mirae Asset MF, HDFC MF, Bandhan MF, Nippon India MF, Goldman Sachs (Singapore) Pte, Citigroup Global Markets Mauritius, Societe Generale, Troo Capital, The Jupiter Global Fund are among the anchor investors. According to a circular uploaded on BSE's website, the company has allocated a total of 68.75 lakh equity shares to 33 funds at Rs 480 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 330 crore. The Rs 1,100-crore initial public offering (IPO) will open for subscription on September 10 and conclude on September 12. The price band has been fixed at Rs 456 to Rs 480 per share. The Maharashtra-based company's IPO is a combination of a fresh issue of equity shares worth up to Rs 850
Tolins Tyres Ltd on Friday announced that it has mopped-up Rs 69 crore from anchor investors ahead of its initial share-sale opening for public subscription. BofA Securities Europe SA, NAV Capital VCC, Chhatisgarh Investments, Ashika Global Securities, Moneywise Financial Services, Vikasa India EIF I Fund, Invicta Continuum Fund I and Steptrade Revolution Fund are the anchor investors that have been allotted shares. The company allotted a total 30.53 lakh shares to these investors at Rs 226 apiece, which is also the upper-end of the price band. This aggregates the transaction size to Rs 69 crore, according to a circular uploaded on BSE's website. The company's Rs 230-crore IPO will be open for public subscription during September 9-11. It has fixed a price band of Rs 215 to Rs 226 per share for its initial public offering (IPO). The Kerala-based company's initial share-sale is a combination of fresh issue of equity shares worth Rs 200 crore and an offer-for-sale (OFS) of equity ..