Page 8 - Initial Public Offering (ipo)

Paramount Speciality Forgings IPO subscribed nearly 69 times on last day

The initial public offer of Paramount Speciality Forgings got subscribed by 68.7 times on the last day of subscription on Friday. The Rs 32.34-crore public offer of Paramount Speciality Forgings received bids for 26,96,40,000 shares, as against 39,22,000 shares, according to the NSE SME data. The category for Non Institutional Investors received 220.54 times subscription, while the Retail Individual Investors (RIIs) portion garnered 41.29 times subscription. The Qualified Institutional Buyers quota was subscribed 20.87 times. The initial public offering (IPO) of Paramount Speciality Forgings comprises a fresh issue of 48.02 lakh equity shares and an Offer-for-Sale (OFS) of up to 6.8 lakh shares by promoters. As part of the OFS, Aliasgar Roshan Hararwala, Aliasgar Abdulla Bhagat, Mohammed Salim Hararwala, Abdulla Aliasgar Bhagat, Hoozefa Saleem Hararwala, Abbasali Salim Hararwala, Zahid Mohamadi Hararwala and Roshan Alihusain Hararwala have offloaded their shares. The Mumbai-based

Paramount Speciality Forgings IPO subscribed nearly 69 times on last day

The initial public offer of Paramount Speciality Forgings got subscribed by 68.7 times on the last day of subscription on Friday. The Rs 32.34-crore public offer of Paramount Speciality Forgings received bids for 26,96,40,000 shares, as against 39,22,000 shares, according to the NSE SME data. The category for Non Institutional Investors received 220.54 times subscription, while the Retail Individual Investors (RIIs) portion garnered 41.29 times subscription. The Qualified Institutional Buyers quota was subscribed 20.87 times. The initial public offering (IPO) of Paramount Speciality Forgings comprises a fresh issue of 48.02 lakh equity shares and an Offer-for-Sale (OFS) of up to 6.8 lakh shares by promoters. As part of the OFS, Aliasgar Roshan Hararwala, Aliasgar Abdulla Bhagat, Mohammed Salim Hararwala, Abdulla Aliasgar Bhagat, Hoozefa Saleem Hararwala, Abbasali Salim Hararwala, Zahid Mohamadi Hararwala and Roshan Alihusain Hararwala have offloaded their shares. The Mumbai-based

September set to be busiest month for IPOs in 14 years: RBI Bulletin

The month of September is set to be the busiest month for IPOs in both mainboard and SME segments in the last 14 years, with over 28 companies entering the market so far, said the Reserve Bank's latest Bulletin released on Friday. Financial markets are undergoing shifts, said the article on the state of economy published in the RBI's September Bulletin. "In the primary equity market, there is a surge of interest in small and medium enterprises (SMEs) initial public offerings (IPOs), including from domestic mutual funds, with massive oversubscriptions," it said. Citing a study by market regulator SEBI, the article further said 54 per cent of IPO shares allotted to investors were sold within a week of listing. "September is set to be the busiest month for IPOs... in 14 years," the article said, adding that over 28 companies entered the market so far in both mainboard and SME platforms. The article said resource mobilisation through initial public offerings (IPOs) has remained robust

HDFC unit HDB Financial Services approves raising Rs 2,500 cr via IPO

HDB Financial's listing follows the country's central bank norms introduced in 2022, which required large non-banking financial companies (NBFC) to be listed on stock exchanges by September 2025

Northern Arc Capital IPO subscribed 110.71 times on offer's closing day

The initial public offering (IPO) of non-banking financial institution Northern Arc Capital Ltd received 110.71 times subscription on the closing day of the share sale on Thursday. The Rs 777-crore share sale received bids for 2,37,79,44,639 shares against 2,14,78,290 shares on offer, as per NSE data. The quota for Qualified Institutional Buyers (QIBs) got subscribed 240.79 times, while non-institutional investors subscribed the offer 142.28 times. The category for retail individual investors (RIIs) fetched 30.74 times subscription. Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors. The Rs 777-crore IPO of the Chennai-based company has a price range of Rs 249-263 per share. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an offer for sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 ...

Arkade Developers IPO gets subscribed 106.40 times on offer's last day

The initial share sale of Arkade Developers got subscribed 106.40 times on the last day of the offer on Thursday. The Rs 410-crore initial share sale received bids for 2,52,97,38,200 shares against 2,37,75,719 shares on offer, according to data available with the NSE. Qualified institutional buyers subscribed the offer 163.16 times while the quota for non-institutional investors fetched 162.75 times subscription. The portion for retail individual investors received 50.65 times subscription. The initial public offering (IPO) of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. The realty firm has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore IPO, which 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 the development of the ..

Arkade Developers IPO gets subscribed 106.40 times on offer's last day

The initial share sale of Arkade Developers got subscribed 106.40 times on the last day of the offer on Thursday. The Rs 410-crore initial share sale received bids for 2,52,97,38,200 shares against 2,37,75,719 shares on offer, according to data available with the NSE. Qualified institutional buyers subscribed the offer 163.16 times while the quota for non-institutional investors fetched 162.75 times subscription. The portion for retail individual investors received 50.65 times subscription. The initial public offering (IPO) of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. The realty firm has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore IPO, which 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 the development of the ..

We are exploring possibility of launching IPO by 2025: Orkla official

Orkla, the Norwegian industrial investment company, is exploring the possibility of launching an initial public offering by 2025 for its Indian unit, which owns spices and condiments brands MTR and Eastern, according to its country head. Besides, the company is expanding its global sales targeting the growing Indian diaspora abroad and expects its international business to contribute 20 per cent in 2024, Orkla India CEO Sanjay Sharma said. Moreover, it is also expanding its play in the food market by entering into cold chain-based food products such as 'idli' batter and also entering into regional delicacies. When asked about the IPO, Sharma said: "It is too early for us. The board had done a pre-IPO study and based on that it asked us to explore and evaluate accessing capital markets in India." This happened in late June and July, when there is summer holidays, as far as Europe is concerned. "So this is some work that we will start to do now. As indicated in the statement given b

India IPO frenzy continues as NTPC Green Energy plans $1.2 bn listing

The IPO boom comes as India's rapid economic expansion makes it a bright spot amid challenges facing peers such as China

BSE defers IT services firm Trafiksol's IPO after investors' concern

Company's issue had garnered bids over Rs 10,000 cr; participants approached Sebi alleging irregularities

Arkade Developers IPO gets subscribed 16.20 times on Day 2 of bidding

The initial public offer of Arkade Developers Ltd received 16.20 times subscription on the second day of bidding on Tuesday. The initial share sale received bids for 38,51,04,390 shares against 2,37,75,719 shares on offer, as per NSE data. The portion for non-institutional investors attracted 28.26 times subscription while the category for Retail Individual Investors (RIIs) got subscribed 19.99 times. The quota for Qualified Institutional Buyers (QIBs) fetched 44 per cent subscription. The initial public offer of Arkade Developers Ltd got fully subscribed on the first day of the share sale on Monday and ended the day with 5.79 times subscription. Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors. The company has fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will conclude on September 19. The IPO is entirely a fresh issue of equity shares worth Rs 410 crore with no offer-for-sale (O

PMEA Solar Tech Solutions files for IPO, eyes Rs 600 cr via fresh issue

PMEA Solar Tech Solutions has filed preliminary papers with capital markets Sebi to raise funds through an initial public offering (IPO). The Mumbai-based company's IPO is a mix of fresh issues of shares aggregating up to Rs 600 crore and an offer for sale (OFS) of up to 1.12 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Monday. The company may consider raising up to Rs 120 crore in a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the extent of Rs 119.55 crore will be used for the setting up of certain manufacturing facilities undertaken through investment in the wholly owned subsidiary PMSS, Rs 120.45 crore for purchase of machinery/equipment; Rs 240 crore for payment of debt and remaining funds for general corporate purpose. Founded in 2006, PMEA Solar Tech Solutions specialises in solar tracking mounting systems and equipment and has an annual installed ..

Dental products firm Laxmi Dental files draft papers with Sebi for IPO

Dental products company Laxmi Dental Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 150 crore and an offer for sale (OFS) of 1.28 crore shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP) filed last week. As a part of the OFS, investor OrbiMed Asia II Mauritius Ltd will offload shares of the IPO-bound company. Besides, the company may consider raising Rs 30 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue will be kept aside for investment in subsidiary Bizdent Devices, purchase of new machinery for the company, payment of debt and for general corporate purposes. Laxmi Dental, an end-to-end integrated dental products company, has a comprehensive portfolio that includes custom-made crowns and bridges, branded

Gaurs Group plans IPO in next 18 months to tap growth potential: CMD

Realty firm Gaurs Group is planning to launch its Initial Public Offering ( IPO) in the next 18 months as it looks to expand business amid strong consumer demand, its CMD Manoj Gaur said on Tuesday. Byoued by the successful launch of its luxury housing project in Ghaziabad clocking Rs 3,100 crore sales in three days, Gaur said the company has set a target to expand its business of development of housing projects across the Delhi-NCR market. He said the company will also develop commercial assets, including malls, hotels, office spaces and schools/colleges to generate stable rental income. "We are planning to launch our IPO in the next 18 months. Internally, we have started the preparation to get listed on the stock exchanges," Gaur told PTI. He noted that both property and stock markets are performing well. "We strongly believe that demand in the real estate market will continue to be strong. So, there is a huge potential for expansion and growth," said Gaur, who is also Chairman

Northern Arc Capital gets Rs 229 cr from anchor investors ahead of IPO

According to a circular uploaded on BSE's website, the company has allotted 8.702 mn equity shares to 15 funds at Rs 263 apiece, which is also the upper end of the price band

Western Carriers collects Rs 148 cr from anchor investors ahead of IPO

Out of the total allocation of 8.597 mn equity shares to anchor investors, 3.993 mn equity shares were allocated to 4 domestic mutual funds, which have applied through a total of 6 schemes

Northern Arc Capital's Rs 777 cr IPO to open on Mon, price band Rs 249-263

Non-bank financial institution Northern Arc Capital on Wednesday said it has fixed a price band of Rs 249-263 per share for its upcoming Rs 777 crore initial public offering (IPO). The Chennai-based company's initial share sale will open for public subscription on September 16 and conclude on September 19. The bidding for anchor investors will open for a day on September 13. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an Offer For Sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 crore. Those offering shares through the OFS are Leapfrog Financial Inclusion India (II) Ltd, Accion Africa-Asia Investment Company, Eight Roads Investments Mauritius II Ltd, Sumitomo Mitsui Banking Corporation, 360 ONE Special Opportunities Fund (formerly known as IIFL Special Opportunities Fund) and Dvara Trust. Proceeds from the fresh issue woul

Tolins Tyres' IPO subscribed 5.2 times on second day of subscription

Tolins Tyres' initial public offer got subscribed 5.20 times on the second day of subscription on Tuesday. The initial share sale received bids for 3,89,17,626 shares against 74,88,372 shares on offer, according to data available with the NSE. The Retail Individual Investors (RIIs) part fetched 8.39 times subscription while the category for non-institutional investors got subscribed 4.07 times. The portion meant for Qualified Institutional Buyers (QIBs) received 45 per cent subscription. The initial public offer of Tolins Tyres got fully subscribed within hours of opening of bidding on Monday and ended the first day with an overall over-subscription of 1.80 times. Tolins Tyres Ltd on Friday announced that it has mopped up Rs 69 crore from anchor investors. The company has fixed a price band of Rs 215-226 per share for its initial public offering (IPO). The Kerala-based company's initial share sale is a combination of a fresh issue of equity shares worth Rs 200 crore and an ...

Vision Infra SME IPO receives 63.30 times subscription on last day of offer

The initial share sale of Vision Infra Equipment Solutions garnered a whopping 63.30 times subscription on the closing day of bidding on Tuesday. The Rs 106.21 crore initial public offering (IPO) received bids for 29,51,36,000 shares against 46,62,400 shares for offer, the NSE data showed. The category for Non-Institutional Investors (NIIs) received 180.75 times subscription while the part for qualified institutional buyers subscribed 60.94 times. Also, the retail individual investors portion got 24.13 times subscription. The Pune-based firm's IPO will be listed on NSE's SME platform Emerge. Last week, the company said it raised Rs 30.21 crore from anchor investors. The IPO is entirely a fresh issue of 65.16 lakh shares. The company has fixed a price band of Rs 155-163 per share. Proceeds from the public issue will be utilised towards funding the capital expenditure towards the purchase of additional equipment, to meet working capital requirements and general corporate ...

Data center operator Switch weighs IPO at about $40 bn valuation: Report

The investment firms that own Switch have in recent weeks held preliminary talks with investment bankers on the potential stock market flotation that could happen as early as 2025