Band Financial News

Suraj Estate IPO: The initial public offering (IPO) of Suraj Estate Developers Limited has opened on Monday, December 18 and it will remain open till 20th December 2023 i.e. till Wednesday this week.

As many as 333 players are under the hammer at the «mini auction» of the 2024 season of the IPL, one of the richest sports leagues globally. There are 77 slots available across the 10 franchises, 30 of them for foreign players. Gujarat Titans have the fattest purse this time at Rs 38.15 crore.

₹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: The ₹1,008.59 crore worth Happy Forgings IPO opened for subscription on December 19 and will close on December 21. The IPO comprises a fresh issue of equity shares worth ₹400 crore and an offer for sale (OFS) of 71.59 lakh shares.

Credo Brands IPO subscription status: Credo Brands IPO saw a healthy response from retail investors as the IPO's retail portion was subscribed 1.07 times by 12:10 pm on Tuesday, December 19, the first day of the IPO. According to data available with BSE, Credo Brands IPO's non-institutional investors (NIIs) portion was subscribed 0.41 times. Overall, the IPO was subscribed 0.62 times by that time.

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 200% As on 19th December, Tuesday the issue had been subscribed 1.27 times. The public issue subscribed 2.23 times in the retail category, 0.12 times in QIB, and 0.63 times in the NII category by December 18, 2023 11:45:00 AM 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.

India Shelter IPO allotment: After closure of subscription on Friday last week, India Shelter IPO allotment has been made public today. Those who applied for the public issue need not to move from pillar to post as they can check their India Shelter IPO allotment status online by logging in at the BSE website or at the website of its official registrar KFintech. Meanwhile, after closure of bidding, India Shelter shares have gone from strong to stronger in last two days.

BSE SME with a tentative listing date fixed on December 27. Also Read: India Shelter IPO allotment declared: Latest GMP, how to check status online. Share listing expected tomorrow The company plans to raise ₹31.25 crore from the IPO which is a combination of fresh issue of 26.88 lakh equity shares aggregating to ₹18.82 crore and an offer for sale (OFS) of 17.76 lakh shares aggregating to ₹12.43 crore.

₹277 to ₹291 per equity share of the face value of ₹10. Muthoot Microfin Limited raised ₹284.99 crore from anchor investors on Friday, December 15. Muthoot IPO lot size is 51 equity shares and in multiples of 51 equity shares thereafter.

₹960 crores and is a combination of fresh issue of 2.61 crore shares aggregating to ₹760 crores and offer for sale of 0.69 crore shares aggregating to ₹200 crores. On day 1, Muthoot Microfin IPO's retail investors portion was subscribed 1.38 times, NII portion was subscribed 61%, and QIB portion is yet to be booked. Employee portion has been booked 1.24 times.

₹175 per share, 40% higher than the issue price of ₹125. However, after a strong debut the SJ Logistics IPO share price was locked at 5% lower circuit, but later recovered and was trading 4.5% higher at ₹182.95 apiece at 11:18 IST.

BSE. With strong subscription being led by interest from both retail and institutional investors , the Grey Market Premium or GMP also jumped. 'Grey market premium' indicates investors' readiness to pay more than the issue price".

Credo Brands Marketing IPO: The initial public offering (IPO) of Credo Brands Marketing Limited has opened today and it will remain open till 21st December 2023 i.e. till Thursaday this week. This means, Credo Brands IPO date of subscription will remain open from Tuesday to Thursday this week.

₹52 to ₹55 per equity share of the face value of ₹10.Motisons Jewellers IPO comprises a fresh issue of shares of up to 2,74,71,000 equity shares of face value of ₹10 each, as per Red Herring Prospectus (RHP).Motisons Jewellers Limited sells jewellery crafted from gold, diamonds, and kundans in addition to other jewellery items made of metals like pearl, silver, platinum, and other alloys.Motisons Jewellers IPO comprises a fresh issue of shares of up to 2,74,71,000 equity shares of face value of ₹10 each, as per Red Herring Prospectus (RHP).The company intends to use the net proceeds of the fresh offering to finance the following goals: meeting the company's working capital needs; general corporate purposes; and repaying the company's outstanding loans from scheduled commercial banks.The registrar of the Motisons Jewellers IPO is Link Intime India Private Ltd, and the book running lead manager of the offering is Holani Consultants Private Limited.Motisons IPO GMP today or Motisons IPO grey market premium is +109, similar to the previous session. This indicates Motisons Jewellers share price were trading at a premium of ₹109 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Motisons Jewellers share price was indicated at ₹164 apiece, which is 198.18% higher than the IPO price of ₹55.Based on last 16 sessions grey market activities, today IPO GMP points upward and expects a strong listing.

₹3,100 crore from the primary market. In addition to these, three small and medium enterprise (SME) IPOs will also be available for subscription, presenting investors with compelling investment opportunities in the market. Also Read: DOMS IPO allotment declared: GMP, how to check status as focus shifts to listing date Here are key details about the IPOs open today: The IPO of real estate construction company, Suraj Estate Developers, opened for public subscription on December 18 and will close on Wednesday, December 20.

By Leika Kihara

BENGALURU (Reuters) -India's economy is projected to grow at 6.3% in the current fiscal year and the next, the International Monetary Fund (IMF) said late Monday, supported by macroeconomic and financial stability.

Happy Forgings IPO: The initial public offering (IPO) of Happy Forgings Limited has opened today and it will remain open till 21st December 2023 i.e. till Thursaday this week. This means, Happy Forgings IPO date of subscription will remain open from Tuesday to Thursday this week.

1) Happy Forgings IPO Dates: Happy Forgings IPO opens for subscription on Tuesday, December 19, and will close on Thursday, December 21. The IPO allotment is expected to be finalized on December 22.

₹303 crore from anchor investors, ahead of its initial public offering that opens for public subscription on Tuesday, December 19, 2023. The company informed the bourses that it has allocated 35,59,740 equity shares at ₹850 per share on Monday, December 18, 2023, to the 25 anchor investors.

₹21 crore from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, December 19, 2023. The company informed the bourses that it has allocated 21,00,000 equity shares at Rs. 100 per share on Monday, December 18, 2023, to anchor investors.

₹280 per share on Monday, December 18, 2023, to anchor investors. Foreign and Domestic long-only Institutions who participated in the anchor were Nippon Mutual Fund, HSBC Mutual Fund, Aditya Birla Sunlife Insurance, Kotak Mahindra Life Insurance, Bajaj Allianz Life Insurance, Integrated Core Strategies (Asia), Morgan Stanley Asia, SBI General Insurance, JM Mutual Fund, Subhkam Ventures, Reliance General Insurance. Out of the total allocation of 58,90,488 equity shares to the anchor investors, 24,99,167 equity shares were allocated to domestic mutual funds through a total of 3 schemes amounting to ₹70 crore i.e.