Page 14 - Initial Public Offering (ipo)

Sanstar IPO opens today; check price band, GMP, should you subscribe?

The IPO comprises a fresh issue of 41.8 million shares valued at Rs 397.1 crore and an offer for sale (OFS) of 11.9 million shares worth Rs 113.05 crore.

Supermart major Vishal Mega Mart makes confidential filing for $1bn-IPO

Partners Group, Kedaara Capital-backed retailer becomes the fourth company to take this route

Ola Electric likely to set valuation at around $4.5 billion for IPO

Indian markets regulator in June approved Ola's $660 million stock market listing, the first IPO by an EV-maker in India and which is set to be one of country's largest share sales this year

Sanstar's IPO to open on July 19; sets price band at Rs 90-95 per share

Plant-based speciality products company Sanstar Ltd on Monday said it has fixed a price band of Rs 90 to 95 a share for its Rs 510-crore Initial Public Offering (IPO). The initial share sale will open for public subscription on July 19 and conclude on July 23, the Ahmedabad-based company announced. The IPO is a combination of a fresh issue of 4.18 crore shares and an Offer For Sale (OFS) of 1.19 crore shares by selling shareholders. At the upper end of the price band, the IPO size is pegged at Rs 510.15 crore. Proceeds from the fresh issue to the tune of Rs 181.55 crore will be utilised to fund the capital expenditure requirement for the expansion of the company's Dhule facility, Rs 100 crore for debt payment and a portion will also be used for general corporate purposes. Sanstar is one of the major manufacturers of plant-based speciality products and ingredient solutions in India. The company's speciality products and ingredients add taste, texture, nutrients and increased ...

Sanstar's IPO to open on July 19; sets price band at Rs 90-95 per share

Plant-based speciality products company Sanstar Ltd on Monday said it has fixed a price band of Rs 90 to 95 a share for its Rs 510-crore Initial Public Offering (IPO). The initial share sale will open for public subscription on July 19 and conclude on July 23, the Ahmedabad-based company announced. The IPO is a combination of a fresh issue of 4.18 crore shares and an Offer For Sale (OFS) of 1.19 crore shares by selling shareholders. At the upper end of the price band, the IPO size is pegged at Rs 510.15 crore. Proceeds from the fresh issue to the tune of Rs 181.55 crore will be utilised to fund the capital expenditure requirement for the expansion of the company's Dhule facility, Rs 100 crore for debt payment and a portion will also be used for general corporate purposes. Sanstar is one of the major manufacturers of plant-based speciality products and ingredient solutions in India. The company's speciality products and ingredients add taste, texture, nutrients and increased ...

Reliance Jio prepares for IPO in 2025 at $112 billion valuation: Jefferies

Jefferies said Jio might debut with a valuation around $112 billion, potentially contributing a 7%-15% increase in the share price of Reliance Industries

Steel manufacturer Bansal Industries' IPO subscribed 1.76 times on Day 1

The initial public offer of steel wire manufacturer Bansal Wire Industries received 1.76 times subscription on the first day of bidding on Wednesday. The initial share sale received bids for 3,77,76,154 shares against 2,14,60,906 shares on offer, according to NSE data. The quota for Retail Individual Investors (RIIs) got subscribed 2.47 times while the portion for non-institutional investors fetched 2.44 times subscription. The Qualified Institutional Buyers (QIBs) part received 1 per cent subscription. Bansal Wire Industries on Tuesday said it has collected over Rs 223 crore from anchor investors. The public issue is an entirely fresh issue of equity shares worth Rs 745 crore, with no offer-for-sale (OFS) component. The issue, with a price band of Rs 243-256 per share, will be open for public subscription during July 3-5. Funds will be used for the payment of debt, to support the working capital requirements of the company, and for general corporate purposes. Bansal Wire Indust

Bain Capital-backed Emcure Pharma IPO fully subscribed on Day 1 of offer

The issue, with a price band of Rs 960 to Rs 1,008 per share, will be open for public subscription till July 5. The IPO comprises fresh issuance of equity shares worth Rs 800 crore

Vraj Iron hits upper circuit after listing at 16% premium over issue price

Vraj Iron and Steel listed at Rs 240 apiece on both the BSE and NSE, marking a premium of 15.94 per cent over its IPO price of Rs 207 per share

Emcure Pharma IPO subscription status: Issue subscribed 75% so far on Day 1

Emcure Pharma IPO subscription status Day 1: Till 2:00 PM, Emcure Pharma IPO was subscribed 75 per cent, led by employees and non-institutional investors

Bansal Wire IPO opens on July 03; check price band, GMP, should you bid?

The Bansal Wire IPO subscription period opens on July 3, 2024, and closes on July 5, 2024

Bansal Wire IPO opens on July 03; check price band, GMP, should you bid?

The Bansal Wire IPO subscription period opens on July 3, 2024, and closes on July 5, 2024

Vraj Iron and Steel IPO Day 2: Subscription status, GMP, Should you apply?

Vraj Iron and Steel IPO has seen a strong demand, with the issue being subscribed 8.3 times on Day 2 by 12:30 PM

Vraj Iron and Steel IPO Day 2: Subscription status, GMP, Should you apply?

Vraj Iron and Steel IPO has seen a strong demand, with the issue being subscribed 8.3 times on Day 2 by 12:30 PM

Officer's Choice whisky maker Allied Blenders raises Rs 449 cr ahead of IPO

Allied Blenders and Distillers Ltd, the maker of Officer's Choice Whisky, on Monday said it has raised Rs 449 crore from anchor investors a day before its initial share-sale opening for public subscription. Nippon India Mutual Fund (MF), LIC MF, JM Financial MF, Jupiter India Fund, Societe Generale, Goldman Sachs (Singapore) Pte, Wipro Commercial (India) Ltd and Troo Capital were among anchor investors who were allotted shares, according to a circular uploaded on BSE website. The company has allotted 1.6 crore equity shares to 17 funds at Rs 281 apiece, which is also the upper end of the price band. This translates into a transaction size of Rs 449 crore, it added. The Rs 1,500-crore issue with a price band of Rs 267 to Rs 281 per share will open for public subscription during June 25-27. The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 500 crore by promoters. As a part of the OFS, Bina Kishore ...

United Cotfab makes flat stock market debut; lists at 7% premium

Post listing, the stock surged 12.5 per cent to hit an intraday peak of Rs 78.75 per share

Dee Development Engineers IPO subscribed 8.99 times on Day 2 of offer

The initial public offer of piping solutions provider DEE Development Engineers got subscribed 8.99 times on the second day of subscription on Thursday. The Rs 418 crore initial share sale received bids for 13,42,84,887 shares against 1,49,44,944 shares on offer, as per NSE data. The portion for non-institutional investors got subscribed 21.71 times while the category for Retail Individual Investors received 8.41 times subscription. The Qualified Institutional Buyers (QIBs) part got subscribed 16 per cent. The Initial Public Offer (IPO) has a fresh issue of up to Rs 325 crore and an offer for sale of up to 45,82,000 equity shares. The price range for the offer is fixed at Rs 193-203 per share. Dee Development Engineers Ltd on Tuesday said it has mobilised a little over Rs 125 crore from anchor investors. Of the Rs 325 crore fresh issue proceeds, Rs 175 crore will be used for payment of debt, Rs 75 crore for funding working capital requirements, and the remaining Rs 75 crore will

Hyundai's IPO poised to boost already-buzzing Indian automakers' valuations

Local auto stocks have already added $70 billion in market value so far this year, rising nearly 40 per cent - over four times the advance in the country's equity benchmark

Vraj Iron and Steel's IPO to open on Jun 26, eyes to raise Rs 171 cr

Vraj Iron and Steel is set to raise Rs 171 crore through its initial share-sale, which opens for public subscription on June 26. The three-day initial public offering (IPO) will conclude on June 28 and the bidding for anchor investors will open for a day on June 25, according to the red herring prospectus (RHP). The company will use the IPO proceeds for expansion project at the Bilaspur facility and general corporate purposes. Raipur-based Vraj Iron and Steel is into manufacturing of sponge iron, MS (Mid Steel) billets, and TMT (Thermo Mechanical Treatment) bars. It operates through two manufacturing plants at Raipur and Bilaspur in Chhattisgarh. After implementation of the expansion project, the company expects to increase its aggregate installed capacity from 231,600 tonne per annum (TPA) to 500,100 TPA and captive power plants' aggregate installed capacity from 5 MW to 20 MW, the RHP noted. Aryaman Financial Services is the sole book running lead manager, while Bigshare Servic

Hyundai IPO: How does HMIL compare with Tata Motors, Maruti Suzuki, M&M?

Hyundai Motor India IPO: How does Hyundai compare with Indian listed peers? Check key metrics here