Band Financial News

Innova Captab IPO: The initial public offering (IPO) of Innova Captab Limited has opened today and it will remain open for subscribers till 26th December 2023. The pharma company has fixed Innova Captab IPO price band at ₹426 to ₹448 per equity share. The book build issue is proposed for listing on BSE and NSE and it aims to raise 570 crore from its public offer out of which ₹320 crore is aimed via issuance of fresh shares.

₹33 to ₹35 per share. The minimum lot size for an application is 4000 shares. The minimum amount of investment required by retail investors is ₹140,000.

₹426 to ₹448 per share. Innova Captab IPO raised ₹171 crore from anchor investors. The company informed the bourses that it allocated 3,816,963 equity shares at ₹448 per share on Wednesday, December 20, 2023, to anchor investors.

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anchor investors ahead of its initial public offer (IPO), which opens on Thursday. The three-day issue will close on December 26, Tuesday, as markets will remain shut for trading on December 25, Monday, on account of Christmas. The anchor investors were allotted 3,816,963 shares to 17 investors, which included the likes of ICICI Prudential Pharma Healthcare and Diagnostics (PHD) Fund, Kotak Mahindra Trustee Co Ltd A/C Kotak Healthcare Fund, 360 One Special Opportunities Fund Series-9, Bandhan Smallcap Fund, Aditya Birla Sun Life Company, among others. As per the filing to the exchanges, six domestic mutual funds have applied through a total of eight schemes, accounting for 44.88% of the anchor investor portion. The amount raised through them is over Rs 76.74 crore, the filing said. About Innova Captab: Innova Captab is an integrated pharmaceutical company in India with a presence across the pharmaceutical value chain, including research and development, manufacturing, drug distribution and marketing, and exports. Innova Captab IPO Structure: The price band of this public issue is fixed at Rs 426-448, and at the upper end, the company plans to raise Rs 570 crore. Investors can bid for 33 shares in one lot and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. Innova Captab IPO GMP today: According to market analysts, the current GMP of Innova Captab is Rs 210 in the unlisted market.

₹171 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, December 21, 2023. The company informed the bourses that it allocated 3,816,963 equity shares at ₹448 per share on Wednesday, December 20, 2023, to anchor investors. Foreign and Domestic Institutions who participated in the anchor were ICICI Prudential MF, Kotak Mahindra MF, Ashoka White Oak MD, SBI Life Insurance, 360 One MF, Bandhan MF, Canara Robeco MF, Aditya Birla Sun Life Insurance, Edelweiss MF, ITPL-Invesco MF, & others.

Considering the upper price band of Rs 660, the stock is likely to get a robust premium of 75% over the issue price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. «Given the positive secondary market environment and ample liquidity along with strong subscription demand, Inox India is expected to see a solid listing premium over and above 75% gain,» said Prashanth Tapse of Mehta Equities. Also Read: DOMS Industries shares soar nearly 80% over IPO price. Should investors book profits? Despite valuations being fully priced into all near-term growth, analysts believe the solid listing is justified on the back of the company's strategic position in the niche market with global footprint. «With strong fundamentals and a growing market, Inox India has potential for long-term value creation,» said Shivani Nyati of Swastika Investmart. The IPO of Inox India was subscribed 61 times at close, driven by strong interest from qualified institutional buyers.

Sameera Agro And Infra Limited IPO: The initial public offering (IPO) of of small and medium-sized enterprises (SME) Sameera Agro And Infra Limited will be opening for subscription on Thursday, December 21. It comprises a fixed price issue with a price band set at ₹180 per share at a face value of ₹10 per share. The SME IPO will close on Wednesday, December 27, 2023.

BSE, Credo Brands IPO's non-institutional investors (NIIs) portion was subscribed 11.48 times while qualified institutional buyers (QIBs) portion was subscribed 0.35 times. On the first day, the issue was subscribed 1.77 times by 4:25 pm on December 19. The retail portion was booked 2.93 times, NII portion was subscribed 1.43 times and QIB was subscribed over 0.01 times.

₹1,400 apiece on the National Stock Exchange (NSE), a 77% premium over its issue price. It hit an intraday high of ₹1,434.25 before settling at ₹1,326.05, down almost 7% on the NSE. India Shelter listed at ₹620 per share on the NSE, a 25% premium over its issue price.

Also Read: DOMS IPO: Share listing date today. GMP, experts see up to 65% listing gain Overall, the IPO garnered bids for 5,63,65,650 shares on the second day as against the total offering of 79,00,000 shares, resulting in an overall subscription rate of 7.13 times, according to BSE data. Through the issue, the company aims to raise ₹100 crore via the issuance of fresh equity shares.

Suraj Estate IPO : The initial public offering (IPO) of Suraj Estate Developers Limited that opened on Monday, December 18 is closing today i.e Wednesday 20th December 2023. The issue saw retail portion subscribed 9.3 times On Day 3 of subscription Suraj Estate IPO had been subscribed 15.65 times. The public issue subscribed 9.30 times in the retail category, 24.31 times in QIB, and 18.9 times in the NII category by December 20 2023 6.30 PM as per BSE Meanwhile, shares of Suraj Estate Developers Limited are available for trade in grey market.

Stocks rallied again, achieving even more extended levels, with the S&P 500 RSI rising to just shy of 82 while remaining above the oper Bollinger band.

India Shelter Finance made a decent debut on the exchanges on Wednesday by listing at a premium of around 25% over the offer price. However, the stock gave up some of the gains after falling nearly 10% post the debut. It is currently trading at Rs 556, just 12% higher than the IPO price. Net proceeds from the issue of fresh equity issue will go towards meeting future capital requirements and general corporate purposes. Analysts said there is still value in holding the stock from a medium- to long-term perspective as the company boasts of strong fundamentals and delivered strong financial performance in the last few years. Also Read: DOMS Industries shares soar nearly 80% over IPO price.

₹151 crore IPO of Motisons Jewellers was opened on Monday (December 18) and is set to conclude today (December 20). The initial two days of bidding witnessed an extraordinary response from investors. On the first day, the IPO was subscribed by an impressive 15.02 times, garnering a stellar response from both retail and non-institutional investors (NIIs).

Also Read- Benchmark IPO allotment finalised; here's how to check allotment status Go to the website of Cameo India Step 1- Login to the Cameo India https://ipo.cameoindia.com/ Step 2- Click on ‘Company Selection’ and then select the IPO name. Step 3- Now, enter your PAN, application number, or DP / Client ID . Click on ‘Search’.

The category reserved for retail investors was subscribed 6.9 times, while that for NIIs was booked 7.78 times. The QIB portion lagged with just 27% of subscriptions. According to market analysts, the company's shares are trading at a premium of Rs 145 in the unlisted market.

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₹620 apiece on NSE, a premium of 25.76% to the issue price of ₹493 per share. However, soon after the listing, India Shelter share price declined more than 8% as investors took some profit off the table. Analysts believe investors of India Shelter Finance IPO should book part profit after share listing and can keep the rest of the shares for the long term.

Suraj Estate IPO : The initial public offering (IPO) of Suraj Estate Developers Limited that opened on Monday, December 18 and will remain open till Wednesday 20th December 2023, saw retail portion subscribed 581% As on 19th December, Tuesday the issue had been subscribed 4.25 times. The public issue subscribed 5.81 times in the retail category, 0.13 times in QIB, and 6.1 times in the NII category by December 20 2023 12.00 PM as per BSE Meanwhile, shares of Suraj Estate Developers Limited are available for trade in grey market. According to investorgain.com, the shares of Suraj Estate Developers Limited are available at a premium of ₹70 in grey market today.

₹1,008.59 crore from the IPO that will end on December 21. Let us check Happy Forgings IPO subscription status, GMP today and other key details: Happy Forgings IPO was subscribed 4.63 times on December 20, the second day of the bidding process. The public issue received bids for 3.87 crore equity shares as against 83.65 lakh shares on the offer, as per data available on NSE till 1:00 pm.