Initial Public Offering (ipo)

Sanathan Textiles IPO worth Rs 550 cr gets 1.43 times subscription on Day 2

The initial share sale of yarn manufacturer Sanathan Textiles Ltd garnered 1.43 times subscription on day two of bidding on Friday. The initial public offering (IPO) received bids for 1,80,43,086 shares against 1,26,22,950 shares on offer, according to NSE data. Retail individual investors (RIIs) quota got subscribed 2.15 times while the category for non-institutional investors collected 1.53 times subscription. Qualified institutional buyers (QIBs) portion fetched 9 per cent subscription. Sanathan Textiles on Wednesday said it has mobilised Rs 165 crore from anchor investors. The issue, with a price band of Rs 305-321 per share sale, will conclude on December 23. The company's Rs 550-crore 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 utilise proceeds from its fresh issue worth Rs 160 crore for payment of debt, while Rs

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

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

Sanathan Textiles IPO day 2: Check subscription status, GMP & other details

In the grey market, the unlisted shares of Sanathan Textiles were trading at Rs 391 apiece, as per sources, commanding a grey market premium (GMP) of 21.81 per cent or Rs 70 per share

Ventive Hospitality IPO opens; check GMP, recommendation and other details

Ventive Hospitality's public offering is available at a price band of Rs 610 to Rs 643 per share, with a lot size of 23 shares

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

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 ...

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

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

Euro Pratik eyes Rs 700-1K crore IPO; plans to file draft papers by Dec-end

Euro Pratik, a prominent player in the decorative wall panel industry, is set to file draft papers with the market regulator Sebi for an initial public offering (IPO) worth Rs 700-1,000 crore, sources familiar with the matter said on Thursday. The IPO, expected to be filed by the end of the month, is likely to value the company at an estimated Rs 5,000-6,000 crore, they said. The public issue is anticipated to be a complete Offer-for-Sale (OFS), they said, adding that Axis Capital and Dam Capital has been appointed as merchant bankers. As of the time of filing this story, an email sent to the company seeking confirmation remained unanswered. Euro Pratik is a well recognised brand in India and is now expanding its presence in international markets. The capital market foray is a pivotal moment for the company, which seeks to leverage its early-mover advantage post listing, said a person tracking the home decor segment. Over the past four years, the fast growing and fast fashion comp

Euro Pratik eyes Rs 700-1K crore IPO; plans to file draft papers by Dec-end

Euro Pratik, a prominent player in the decorative wall panel industry, is set to file draft papers with the market regulator Sebi for an initial public offering (IPO) worth Rs 700-1,000 crore, sources familiar with the matter said on Thursday. The IPO, expected to be filed by the end of the month, is likely to value the company at an estimated Rs 5,000-6,000 crore, they said. The public issue is anticipated to be a complete Offer-for-Sale (OFS), they said, adding that Axis Capital and Dam Capital has been appointed as merchant bankers. As of the time of filing this story, an email sent to the company seeking confirmation remained unanswered. Euro Pratik is a well recognised brand in India and is now expanding its presence in international markets. The capital market foray is a pivotal moment for the company, which seeks to leverage its early-mover advantage post listing, said a person tracking the home decor segment. Over the past four years, the fast growing and fast fashion comp

Transrail Lighting gets Rs 246 crore mobilised from anchor investors

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

Transrail Lighting gets Rs 246 crore mobilised from anchor investors

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

Concord Enviro IPO opens today; Check GMP, price band: Should you bid?

The Concord Enviro IPO is a book-built issue, with a total size of Rs 500.33 crore. Concord Enviro IPO is structured as a combination of a fresh issue and an offer for sale (OFS)

Concord Enviro IPO opens today; Check GMP, price band: Should you bid?

The Concord Enviro IPO is a book-built issue, with a total size of Rs 500.33 crore. Concord Enviro IPO is structured as a combination of a fresh issue and an offer for sale (OFS)

Transrail Lighting IPO opens today, Dec 19; Should you bid or avoid?

Transrail Lighting IPO: In the OFS, promoter Ajanma Holdings Private Ltd will sell 10.1 million shares. At present, Ajanma Holdings holds an 83.22 per cent stake in the Mumbai-based company

Mobikwik leads IPO debut with 90% surge; Vishal, Sai Life gain around 40%

These stellar debuts came despite the benchmark indices logging continuous declines since their initial public offerings (IPOs) closed on Friday