Band Financial News

IPO subscription status: Samhi Hotels IPO has been subscribed 1.02 times on day 3, so far. Samhi Hotels IPO has opened for subscription on Thursday, September 14, and will close today (Monday, September 18). Samhi IPO's retail investors portion was subscribed 83%, NII portion was subscribed 27%, and Qualified Institutional Buyers (QIB) portion was subscribed 1.47 times.

₹15.43 crore from the maiden public offer that comprises a fresh issue of 7 lakh equity shares aggregating to ₹9.80 crore and an offer for sale (OFS) of 4.02 lakh equity shares aggregating to ₹5.63 crore. Master Components IPO price band has been fixed at ₹140 per share. The face value of each share is ₹10 apiece.

₹66 to ₹70 per equity share of face value of ₹10 each. Madhusudan Masala IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Madhusudan Masala IPO, which is worth ₹23.80 crores, is completely a fresh issue of 3,400,000 equity share; there is no offer for sale (OFS) component.

₹775.00 crore worth Yatra Online IPO will close on Wednesday, September 20. Yatra Online is India’s one of the largest corporate travel service providers and offers integrated travel solutions to corporate clients as well as direct consumers. In the public issue, the company has reserved not less than 75% of the shares for Qualified Institutional Buyers (QIB), 15% for Non Institutional Investors (NII), and 10% of the offer is reserved for Retail Investors.

IPO subscription status: Zaggle Prepaid IPO has been subscribed 1.18 times on day 3, so far. Zaggle Prepaid IPO has opened for subscription on Thursday, September 14, and will close today (Monday, September 18). Zaggle IPO's retail investors portion was subscribed 3.48 times, NII portion was subscribed 1.76 times, and Qualified Institutional Buyers (QIB) was subcribed 9%.

₹30 per share, 30% higher than the issue price of ₹23. However, after a strong debut the shares were locked at 5% lower circuit. Jiwanram Sheoduttrai Industries IPO opened for subscription on Friday, September 8, and closed on Tuesday, September 12.

₹113 -119 per share for its initial public offering (IPO) which will open for bidding on 25-27 September, the company said on Monday. The Sajjan Jindal-led port business is looking to raise ₹2,800 crore through the IPO and will offer a fresh issue of shares as there will be no dilution of the promoter’s existing equity. According to an advertisement, Sajjan-Jindal and family trust hold the majority stake as the promoters.

₹973 per share, 32.38% higher than the issue price of ₹735, and on the BSE, Jupiter Lifeline share price was listed at ₹960 per share. Jupiter Lifeline Hospital IPO opened for subscription on Wednesday, September 6, and closed on Friday, September 8. Jupiter Lifeline Hospital IPO was subscribed 63.72 times on day 3.

The IPO, which is a first from JSW Group in nearly 13 years, is completely a fresh issue of shares worth Rs 2,800 crore. The company had filed the draft prospectus with Sebi in May this year. JSW Infrastructure is the fastest growing port-related infra company in installed cargo handling capacity and cargo volumes handled during FY21-23, and the second largest domestic commercial port operator by cargo handling capacity in FY23. The company's business operations expanded from one port concession at Mormugao Port Trust in Goa (acquired by JSW in 2002 and commenced operations in 2004) to nine port concessions across the eastern and western coast of India, making it a well-diversified maritime ports company. The nine port concessions have an installed cargo handling capacity of 158.43 MTPA as of June 2023.

Techknowgreen Solutions IPO: The initial public offering (IPO) of Techknowgreen Solutions Limited has opened today and it will remain open for bidders till 21st September 2023. The fixed price issue has been proposed for listing on BSE SME exchange and Techknowgreen Solutions IPO price band has been fixed at 86 per equity share. Ahead of subscription opening, Techknowgreen Solutions shares have become available for trade in unlisted market.

Jupiter Hospital IPO: Listing date of the initial public offering of Jupiter Life Line Hospitals Limited has been fixed on 18th September 2023 i.e. today. As per the BSE notice, effective from Monday, September 18, 2023, the equity shares of Jupiter Life Line Hospitals Limited shall be listed and admitted to dealings on the NSE and BSE in the list of 'B' group of securities.

Nifty could touch 20,600 if it manages to breach the 20,400 level. Analysts, however, said upsides would be tougher to come after the recent run-up and crucial support is at 19,900.

₹699. “We think of ourselves not as a content or an e-commerce venture but a sleep and relaxation company," Jain said. Neend, in a way, stands apart as a unique venture in an emerging market promising to deliver a restful night of sleep to customers.

Signature Global, which is launching its maiden public issue on Wednesday, has achieved 32 per cent growth in its sales bookings to Rs 3,430.58 crore in the last fiscal year on strong housing demand. The Gurugram-based Signature Global, which focuses on affordable and mid-income housing segment, had clocked Rs 2,590 crore worth of sales bookings in the 2021-22 fiscal. The company, backed by HDFC Capital and IFC, will hit the capital market on September 20 with its IPO to raise Rs 730 crore.

IPOs This Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees strong market buzz for September, which is similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. Last week, two mainboard IPOs - Rishabh Instruments Limited and Ratnaveer Precision Engineering listed raising a total of ₹655.8 crore.

Jupiter Life Line Hospitals will debut on the exchanges on Monday. Ahead of the listing, the company's shares are commanding a premium of Rs 233 in the unlisted market. The IPO was priced in the range of Rs 695-735. Considering the upper price band, the stock is expected to list at a premium of about 32%. The Rs 869-crore IPO of Jupiter Life Line Hospitals was subscribed 63.72 times on the last day of bidding, led by massive demand from QIB whose category was subscribed 187 times. The company aims to be debt-free post the IPO.

Rockstars can be confusing, conflicting, and seen to be regularly contradicting each other in what older legends once called 'being dialectical'. Much like religions. Classic rock legends Jethro Tull got it all wrong when they famously titled their 1976 album, Too Old to Rock 'n' Roll: Too Young to Die! The living proof of that error is the Rolling Stones. Last week, the Stones released the single, 'Angry', from their forthcoming album, Hackney Diamonds — their 26th studio album and with new material after 18 years — due for release on October 20.

Madhusudhan Masala IPO: The initial public offering (IPO) of small and medium-sized enterprises (SME) Madhusudhan Masala will open for subscription on Monday, September 21. The homegrown spice manufacturer has set the price band at ₹66 to ₹70 per share for the public issue. The SME IPO will close on Thursday, September 21.

Jupiter Hospital IPO: Listing date for the initial public offering (IPO) of Jupiter Life Line Hospitals Limited has been fixed on 18th September 2023. As per teh information available on BSE website, Jupiter Hospital shares will list on BSE and NSE on 18th September 2023 in speacial pre-open session. Meanwhile, grey market sentiments have remained bullish in regard to Jupiter Hospital IPO.

Cellecor Gadgets IPO: The initial public offering (IPO) of Cellecor Gadgets limited opened on Friday and it will remain open for bidders till 20th September 2023. The book build issue is proposed for listing on NSE SME exchange and the public offer has received strong response from investors on day one of bidding. The public offer has been fully subscribed on day one of bidding as the initial offer received bids for 71,32,800 shares against 55,18,800 shares offered by the company.

By Daniel Trotta