IPO Calendar

Neelkanth Realtors, a Mumbai-based real estate developer, has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering. The Initial Public Offering (IPO) is entirely a fresh issuance of up to 1.35 crore equity shares with a face value of Rs 10 each, according to the Draft Red Herring Prospectus (DRHP). Proceeds from the fresh issue will be utilised by Neelkanth Realtors towards funding a part of the costs to be incurred in the development of its ongoing projects, and upcoming projects, including Neelkanth Plaza Project in Thane. As per the draft papers, funds from the IPO will also be used by the Mumbai-based company for repayment of debt and general corporate purposes. In the public issue, 50 per cent of the offer will be reserved for qualified institutional investors, 15 per cent for non-institutional investors and 35 per cent for retail investors. Neelkanth Realtors is one of the prominent real estate developers in Mumbai's easter

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

Quadrant Future Tek Ltd on Friday said it has fixed the price band at Rs 275-290 per equity share for its Rs 290-crore initial public offering (IPO) that will open for public subscription on January 7. The IPO of Quadrant Futures Tek will conclude on January 9, while the bidding for anchor investors is to open for a day on January 6, the company said in a statement. Investors can bid for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter, it added. The public issue is entirely a fresh issue of up to Rs 290 crore with no offer of sale component, according to the Red Herring Prospectus (RHP) filed on December 27. The net proceeds from its fresh issuance, amounting to Rs 149.72 crore, will be utilised by the company to fund the long-term working capital requirements (Specialty Cable Division). The IPO proceeds worth Rs 24.37 crore will be used for capital expenditures on the development of the electronic interlocking system, Rs 23.62 crore for repayment of

Kolkata-based agro-based company Regaal Resources Ltd has filed its draft red herring prospectus (DRHP) with market regulator SEBI to raise funds through an initial public offering (IPO). The IPO comprises a fresh issue of shares worth up to Rs 190 crore and an offer-for-sale of up to nine million equity shares by the promoter. Proceeds from the fresh issue worth Rs 147 crore will be utilised for repayment and pre-payment of borrowings and general corporate purposes. Regaal Resources, one of the manufacturers of maize-based starch, specialty starches, food-grade starches and starch derivative products in India, has an installed crushing capacity of 750 tonnes per day. The company reported a revenue from operations increased by 22.97 per cent to Rs 600 crore in FY24, due to an increase in sales of manufactured and traded goods. Pantomath Capital Advisors and Sumedha Fiscal Services are the book-running lead managers, while Link Intime India is the registrar of the issue. The equity

Stock market today, January 2: India, China, and the US' Manufacturing PMI data for December will be released today. Besides, Indo Farm IPO will close, and Anya Polytech will list on NSE SME

Leo Dry Fruits IPO opens for public subscription today and will remain available until Friday, January 3, 2025. For issue size, lot size, price band, and other key details, check here

On the first day, around 11:30 AM, Indo Farm Equipment IPO was subscribed 4.84 times with a total bid of 4,10,13,186 shares against the offer of 84,70,000

Anya Polytech & Fertilizers IPO allotment status can be checked on NSE as well as its official register's website Skyline Financial Services

Unimech Aerospace share price quoted Rs 1,460 on NSE, commanding a premium of Rs 675 or 85.99 per cent

Gem Aromatics IPO comprises a fresh issue of shares worth up to Rs 175 crore, and an offer for sale (OFS) of up to 89,24,274 equity shares, with a face value of Rs 2 apiece

Ventive Hospitality IPO listing: The listing was in line with the grey market estimates as the company's shares were quoted trading at Rs 723 apiece

Ganesh Consumer Products Ltd, an FMCG player in eastern India, on Friday said it has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) in the capital market. The proposed IPO comprises a fresh issue of shares worth up to Rs 130 crore and an offer-for-sale (OFS) of up to 12.44 million equity shares by promoter and investors, according to filing documents, a company statement said. The face value of each share is Rs 10. The company may also consider a pre-IPO placement of equity shares worth up to Rs 26 crore, which will be adjusted against the fresh issue, it said. Proceeds from the fresh issue will be utilised to prepay debt by Rs 50 crore and for capital expenditure for setting up a new manufacturing unit in Darjeeling, West Bengal at Rs 50 crore, and for general corporate purposes, the company stated. Ganesh Consumer Products, established in 1936, is a market leader in pack

Neilsoft, a technology-driven engineering services and solutions company, has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The Pune-headquartered company's IPO is a combination of a fresh issue of shares worth Rs 100 crore and an offer for sale (OFS) of 80 lakh shares by promoters and other selling shareholders, according to the draft red herring prospectus (DRHP) filed on Thursday. Those selling shares in the OFS include Small Industries Development Bank of India and SICOM Ltd. Proceeds from the fresh issue to the extent of Rs 69.63 crore will be used for funding of capital expenditure. Besides, a portion will be utilised for general corporate purposes. Founded in 1991, Neilsoft provides customised engineering services, including AEC design solutions, industrial plant design, and manufacturing equipment and production line design. It also offers Engineering Process Outsourcing (EPO) services and develops tailored .

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

Transrail Lighting IPO listing: On BSE, the shares listed at Rs 585.15 per share, reflecting a premium of Rs 153.15, or 35.45 per cent, which was in line with market expectation

Stock Market Today, Dec 27: Concord Enviro Systems IPO, Sanathan Textiles IPO, Mamata Machinery IPO, DAM Capital Advisors IPO, and Transrail Lighting IPO will list on the NSE and BSE today

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

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

As of September 2024, the company's portfolio has 11 operational properties, comprising 2,036 keys across the luxury, upper upscale and upscale segments

The initial share sale of Carraro India Ltd got subscribed 1.12 times on the last day of bidding on Tuesday. The Initial Public Offer (IPO) received bids for 1,46,18,814 shares against 1,30,98,803 shares on offer, as per NSE data. The qualified institutional buyers (QIBs) part got subscribed 2.21 times, while the retail individual investors (RIIs) portion received 71 per cent subscriptions. Non-institutional investors attracted 60 per cent of subscriptions. Carraro India Ltd on Thursday said it has garnered Rs 375 crore from anchor investors. The issue has a price band of Rs 668-704 per share. Carraro India's IPO is completely an offer-for-sale (OFS) of shares worth Rs 1,250 crore by Carraro International SE, with no fresh issue component, according to the red herring prospectus. Since the entire issue is an OFS, all proceeds from the IPO will go directly to the selling shareholder rather than the company. Founded in 1997, Carraro India, a subsidiary of Carraro S.p.A, began its