Band Financial News

₹348 crore from anchor investors on Thursday. The Initial Public Offering (IPO) will open for subscription on Friday and will close on September 20. Also Read: Yatra Online IPO opens tomorrow; GMP, price band, dates and other details The online travel firm raised the amount from 33 anchor investors on Thursday, a day before its initial public offering.

Johnson & Johnson is signing off on a new logo, more than 130 years after creating the old one

CRISIL Report. Easy Trip Planners Limited, which has a P/E ratio of 56.53, is the company's listed industry peer.

IPO subscription status: Samhi Hotels IPO has been subscribed 5% on day 1 so far. Samhi Hotels IPO has opened for subscription today (Thursday, September 14), and will close on Monday, September 18. Samhi Hotels IPO witnessed subdued investor interest on day 1.

Tata Consultancy Services (TCS) is looking to tap overseas markets, particularly the US, to promote locally developed and manufactured fifth generation, or 5G, radio network gear on the backdrop of Centre’s ambition to 'make in India for the world' to overcome supply chain disruptions. “The N78 5G radios designed by Tejas Networks may be qualified for all greenfield and brownfield 5G opportunities that present themselves to the company globally including that in the US,” TCS chief operating officer NG Subramaniam told ETTelecom. Developed by Saankhya Labs, the N78 radio, compatible with 3300 MHz spectrum band, is being currently manufactured by Bengaluru-based Tejas Networks, which acquired the telecom startup early last year. In 2021, Tata Sons acquired homegrown telecom gear maker Tejas Networks.

JSW Infrastructure, the ports business of Sajjan Jindal-led JSW Group, will open for subscription on September 25. The issue closes on September 27. The IPO, which is the first from JSW Group in nearly 13 years, is completely a fresh issue worth Rs 2,800 crore.

Signature Global has proposed to raise Rs 730 crore through its initial public offering which will open on September 20.The company had filed the draft red herring prospectus with capital markets regulator SEBI in July last year. Price band for Signature Global (India) Limited is fixed at Rs 366 to Rs 385 per equity share of face value of Rs 1 each and the offer will close on Friday, September 22, 2023. Bids can be made for a minimum of 38 equity shares and in multiples of 38 equity shares thereafter. ICICI Securities Limited, Axis Capital Limited and Kotak Mahindra Capital Company Limited are the book running lead managers to the offer. Signature Global (India) Ltd. started operations in 2014 through its subsidiary, Signature Builders Private Limited, with the launch of Solera project on 6.13 acres of land in Gurugram, Haryana. As of March 31, 2023, it had sold 27,965 residential and commercial units, all within the Delhi NCR region, with an aggregate saleable area of 18.90 million square feet. The company's investor base includes IFC and HDFC Capital Advisors who participated in multiple rounds of capital raise undertaken by the Company. According to the red herring prospectus, which was filed on Tuesday, the total size of the IPO is up to Rs 730 crore, comprising fresh issue of shares up to Rs 603 crore and offer for sale of up to Rs 127 crore. The company said it plans to utilise Rs 264 crore for repayment or prepayment of certain borrowings, in full or in part.

IPO subscription status: Zaggle Prepaid IPO has been subscribed 11% on day 1 so far. Zaggle Prepaid IPO has opened for subscription today (Thursday, September 14), and will close on Monday, September 18. Zaggle Prepaid IPO received overall tepid response from investors on day 1.

real estate developer Signature Global will open for subscription on Wednesday, September 20. The company has fixed the price band for the issue at ₹366 to ₹385 per share. The three-day bidding for Signature Global IPO will conclude on Friday, September 22.

₹60 to ₹65 per equity share of face value of ₹10 each. Chavda Infra IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Chavda Infra IPO, which is worth ₹43.26 crore, is completely a fresh issue of 6,656,000 equity share; there is no offer for sale (OFS) component.

IPO Subscription Status: The initial public offering (IPO) of RR Kabel has witnessed lukewarm interest from investors so far. RR Kabel IPO opened for subscription on September 13 and will close on Friday, September 15. The company has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.

IPO listing date has been scheduled for Monday, September 18 on NSE and BSE. Jupiter Lifeline Hospital IPO opened for subscription on Wednesday, September 6, and closed on Friday, September 8. Jupiter Lifeline Hospital IPO received overwhelming response from non-institutional investors (NIIS) and Qualified institutional buyers (QIBs) on day 3.

₹2,800 crore IPO by the end of this month. As per reports, the JSW Infrastructure IPO will open on September 25 and close on September 27. Also Read: JSW Infra gets Sebi nod for its ₹2,800 crore IPO The ports business of the $23 billion JSW Group had filed draft papers for its IPO in May, aimed at retiring debt and fund its capacity expansion plans.

Ahead of the issue opening, Zaggle garnered Rs 253.52 crore from 23 anchor investors at the upper price band of Rs 164 per equity share. Analysts remain mixed on the IPO, with few recommending to avoid it while others advising to bid for a short-to-medium-term view. «If we attribute FY23 earnings to the post-IPO fully diluted paid-up equity capital of the company, the asking price is at a P/E of 66.7 and we believe it to be priced aggressively. We, therefore, recommend an 'Avoid' rating for the issue,» StoxBox said. The price band for the IPO is fixed at Rs 156-164 per share and investors can bid for a minimum of 90 shares in one lot and in multiples thereafter. At the upper price band of Rs 164, Zaggle Prepaid is available at an adjusted P/E of 54.3x (FY23), which appears to be aggressively priced, said Geojit Financial Services. However, several factors contribute to its appeal, including a diverse client base spanning various industries, consistent revenue growth over the years, the company's expansion strategies, a diversified revenue model, and the flourishing digital payments sector, it added.

Samhi Hotels IPO: The initial public offering (IPO) of Samhi Hotels Limited has opened for subscription today and the book build issue will remain open for bidding till 18th September 2023. The company has fixed Samhi Hotels IPO price band at ₹119 to ₹126 per equity share and one lot of the publi coffer comprises 119 shares. The company aims to raise ₹1,370.10 crore from its public issue out of which ₹1,200 crore is aimed from issuance of fresh issues.

₹156 to ₹164 per equity share of face value of ₹1 each. Zaggle IPO garnered ₹253.52 crore from 23 anchor investors at the upper price band of ₹164 per equity share. Zaggle IPO has reserved not more than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 10% of the offer is reserved for Retail Investors.

The Changeling is a new fantasy drama on Apple TV+. The show seems to be gathering attention from the viewers lately.

Samhi Hotels IPO: Samhi Hotels has raised ₹616.50 crore from anchor investors a day ahead of its IPO subscription opening for bidding. The initial public offering (IPO) will open for subscription on Thursday, September 14 and close on Monday, September 18. The Goldman Sachs-backed company has fixed the price band at ₹119 to ₹126 per share.

₹ 253.52 crore ahead of company’s proposed IPO at the upper price band of ₹ 164 per equity share (including premium of ₹ 163 per equity shares) with face value of ₹ 1 per share. Out of the total allocation of 15,458,515 equity shares to the Anchor Investors, 3,780,630 Equity Shares (i.e. 24.46% of the total allocation to the Anchor Investors) were allocated to 3 domestic mutual funds through a total of 4 schemes.

Samhi Hotels on Wednesday said it has mopped up Rs 616.54 crore from anchor investors ahead of its initial share sale. The company has allocated 4,89,32,143 equity shares to 35 entities at an average price of Rs 126 apiece, according to a circular uploaded on the BSE website.SBI Mutual Fund (MF), Aditya Birla Sun Life MF, ICICI Prudential MF, Tata MF, Elara India Opportunities Fund, Singapore Government, Monetary Authority of Singapore, Societe Generale, Segantii India Mauritius, D E Shaw Valence International (SPV) LLC, Lion Global Asia Pacific Fund and Citigroup Global Markets Mauritius Pvt Ltd are among the anchor investors. On Monday, the Gurugram-based Samhi Hotels' fixed the price band for its Rs 1,370 crore-primary share sale that opens on Thursday at Rs 119-126 per share. The Initial Public Offering (IPO) comprises fresh issuance of equity shares worth up to Rs 1,200 crore and an Offer For Sale (OFS) of up to 1.35 crore shares.

₹200/cylinder cut in LPG prices will likely reflect in the September CPI print, and may shave off 20-25 bps from the headline rate." Still, the CPI reading for Q2 is likely to be above the RBI’s projection, which has already been revised higher by a meaningful 100 bps by the central bank in the August monetary policy meeting. Thus, an upward revision in the RBI’s Q2 projections is on the cards. As such, the central bank has pencilled in a significant easing in price pressures in H2FY24.