Band Financial News

SME IPO of Identical Brains Studios, which will close for public subscription on Friday, has been subscribed 200 times so far, driven by a robust demand from the market participants. Around 11:30 am, the non-institutional investors (NIIs) subscribed to the issue over 65.6 times while the retail investors applied for 36.55 crore shares, attracting nearly 1.83 lakh bid applications.

Subscriptions from retail investors stood at 6.04 times, while non-institutional investors had subscribed 6.28 times on the second day of bidding. Meanwhile, qualified institutional buyers had subscribed to 2% of the allotted portion.

IPO) of Sanathan Textiles was subscribed 72% on Friday by 11:18 AM on its second day of bidding. The Rs 550 crore issue, which is a mix of fresh equity sale of Rs 400 crore and an offer for sale (OFS) of 46.72 lakh shares, will be available for bidding till December 23. Subscriptions from retail investors stood at 1.19 times, while the non institutions investors had subscribed by 60% on the second day of bidding. The qualified institutional buyers had not made any bids yet.

As of 11:10 am, the retail investors had subscribed to the issue by 31.7 times, which was followed by subscriptions from the non-institutional investors (NIIs), who subscribed to the issue by 27 times.

IPO) of Carraro India will open for subscription today. The Rs 1250 crore issue, which is entirely an offer for sale of 1.77 shares, will be available for bidding till December 24. Since the IPO is completely an OFS, the proceeds from the offer will go to the selling shareholders.

IPO) of Ventive Hospitality will open for subscription today. The Rs 1600 crore issue, which is entirely a fresh equity sale of 2.48 shares, will be available for bidding till December 24. The proceeds from the offer will be used for repayment of debt, payment of interest accrued in step-down subsidiaries and general corporate purposes.

International Gemmological Institute will debut on the exchanges on Friday. Ahead of the listing, the company's shares were trading with a GMP of Rs 135 in the grey market. Considering the upper price band of Rs 417, the stock is expected to see listing gains of 33% over the issue price.

Carraro India Ltd, the manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Thursday said it has garnered Rs 375 crore from anchor investors, ahead of its IPO opening for subscription. Aditya Birla Sun Life Mutual Fund (MF), HSBC MF, UTI MF, Sundaram MF, Motilal Oswal MF, Kotak Mahindra Life Insurance Company, Bajaj Allianz Life Insurance Company, Tata AIA Life Insurance Company and SBI General Insurance Company are among anchor investors, according to a circular uploaded on BSE's website. According to the circular, Carraro India has allotted 53.27 lakh equity shares to 33 funds at Rs 704 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 375 crore.

₹550-crore worth Sanathan Textiles IPO will remain open for bidding till December 23. The price band for the IPO is set in the range of ₹305 to ₹321 per share.Sanathan Textiles’ business is divided into three separate yarn business verticals, consisting of polyester yarn products, cotton yarn products and yarns for technical textiles and industrial uses.The IPO lot size is 46 shares with a minimum investment amount required by retail investors is ₹14,766.Sanathan Textiles is a combination of fresh issue of 1.25 crore equity shares aggregating to ₹400 crore and an offer-for-sale (OFS) component of 47 lakh shares worth ₹150 crore.

₹269-283, which will be available for public subscription from December 19 to December 23. On Wednesday, it announced that it has secured ₹251 crore from anchor investors, just one day prior to the start of its initial share sale for public subscription.Among the anchor investors listed in a circular posted on the BSE website are Nomura, Goldman Sachs, HSBC, Societe Generale, Nippon India Mutual Fund (MF), HDFC MF, Kotak MF, and Aditya Birla Sun Life MF.

Transrail Lighting, Sanathan Textiles, DAM Capital Advisors, Mamata Machinery and Concord Enviro Systems will open for subscription on Thursday. Here are key details investors need to know before subscribing.Transrail Lighting IPO Transrail's IPO includes a fresh equity sale of Rs 400 crore along with an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings. The company has priced the IPO at Rs 432 at the upper end.

SME IPO of Identical Brains Studios opened for subscription earlier today and will close on December 20. The company aims to raise Rs 20 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

Those interested can buy 21 shares in one lot and in multiples thereafter.

Sanathan Textiles will open for subscription on December 19, and will close on December 23. The price band has been fixed between Rs 305 to Rs 321 per equity share of face value Rs 10 each for its maiden initial public offer. The IPO is a mix of fresh issue of up to Rs 4,000 million and an offer of sale of up to Rs 1,500 million. Investors can bid for a minimum of 46 equity shares and in multiples of 46 equity shares thereafter.

initial public offering (IPO) of which will open for subscription on December 19, has fixed a price band of Rs 269-283. The issue will be available for subscription till December 23. At the upper end of the price band, the total IPO size stands at Rs 840.25 crore and bids can be made for a minimum of 53 equity shares and in multiples of 53 equity shares thereafter.

initial public offering (IPO) on December 19, with a price band of Rs 410-432 per share. The IPO will remain open for public subscription until December 23, while the anchor book is scheduled to open on December 18. The allotment of shares is expected by December 24, with shares credited to investors' demat accounts by December 26. Transrail’s stock is likely to list on exchanges on December 27.

₹1,900 crore from anchor investors on Thursday. The public offering, priced between ₹397 and ₹417 per share, is set to close on December 17.

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primary market is sustaining the strong momentum seen throughout the year with 4 new IPOs opening for subscription next week. These include two in the mainboard segment from Mamata Machinery and Transrail Lighting. Apart from the new issue openings, the Street will see as many as 9 listings, of which three will be from Mobikwik, Vishal Mega Mart and Sai Life Sciences.

₹572 crore from the issue at the upper-end of the price band of ₹265 to ₹279 per share. Led by high demand, Mobikwik IPO GMP today has spiked to ₹158 per share, indicating a 57% premium to the IPO price.