IPO Financial News

₹270 to ₹288 per equity share of the face value of ₹5. RK Swamy IPO lot size is 50 equity shares and in multiples of 50 equity shares thereafter. 1.

₹42.49 crore initial public offering (IPO) of small and medium-sized enterprise Shree Karni Fabcom will open for subscription on Wednesday, March 6, 2024. The issue, which will close on Monday, March 11, has a price band in the range of ₹220 to ₹227 per share. Shree Karni Fabcom IPO GMP or grey market premium was ₹300, indicating that the company is estimated to list at ₹527, a 132.16 percent premium to its IPO price.

₹10/- each fully paid up at a price of ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors there by is ₹110,000.

Also Read: Mukka Proteins IPO last bidding day today: Issue booked 136.12 times so far led by NIIs, retail investors; Check GMP Investor response to Mukka Proteins IPO remained overwhelmingly positive even on the second day. Mukka Proteins IPO subscription status was 6.97 times, as per data available on BSE.

₹8,428 per share on March 4, against previous close at ₹8,027 on March 1. In fact, Tata Investment shares rose as much as 18 percent in the last five trading sessions on NSE. The Tata Group's non-banking financial company surged after Union Cabinet approved two semiconductor plant proposals by the Tata Group last week.

RK Swamy sailed through on the first day of the bidding process. The issue, which closes on March 6, was booked 1.01 times so far, led by strong interest from retail and non-institutional investors. The retail portion of the IPO was subscribed 4.1 times, followed by NIIs at 1.02 times. The IPO comprises fresh equity sale of 60 lakh shares and an offer for sale of 87 lakh shares.

demat accounts for those who have been allocated shares. For those who have not received their shares, the refund process will also take place today.

₹499 to ₹524 per equity share. Azad Engineering shares were listed on BSE and NSE on 28th December 2023 at a whopping premium of around 35 percent. However, Azad Engineering share price continues to scale upside after a strong debut on Dalal Street.

₹71 to ₹75 per share. At the upper end of the price band, the company plans to raise ₹36 crore from the offer which is entirely a fresh issue of 48 lakh equity shares. Pratham EPC Projects IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹120,000.

Shankar Sharma portfolio: Ace investor in the Indian stock market, Shankar Sharma has bought a fresh stake in MOS Utility shares. As per the information available on the NSE website, Shankar Sharma bought 1,48,800 shares of the NSE SME stock. After the outbreak of this stock market news, MOS Utility shares witnessed strong buying interest in the morning session and the stock touched an intraday high of ₹172.40 apiece, which turned out a new 52-week high for the SME stock.

BSE data. RK Swamy IPO retail investors portion has been subscribed 2.26 times, Non Institutional Investors (NII) portion is booked 52%, and Qualified Institutional Buyers (QIB) portion is yet to be booked. The employee portion has been subscribed 16%.

Ola Electric has emerged as the leading patent publisher in the country for the 2022-23 period. According to data from Intellectual Property India, Ola Electric has published 205 patents in the EV and EV-related technologies space, surpassing its competitors. TVS follows in second place with 156 published patents, while Suzuki, Honda, and BYD hold third, fourth, and fifth place respectively, with 78, 77, and 58 published patents. Ola Electric aims to raise Rs 5,500 crore through its IPO by issuing new shares. The company's draft papers filed with Sebi show that some existing shareholders will also be selling over 9.5 crore shares. Out of the funds raised, Ola Electric plans to allocate Rs 1,600 crore for research and development (R&D), highlighting the importance of innovation in its business model. With R&D centers in India, the UK, and the US, Ola Electric is dedicated to designing and developing new EV products and core components. Its R&D efforts focus on battery technology, software related to EVs, vehicle safety and security, controllers, motors and transmissions, as well as vehicle body components, artificial intelligence, and other related technologies.

Also Read: Bharat Highways InvIT IPO: GMP, review to subscription status. Apply or not as bidding ends today? Investors can find out if and how many shares they have been given through the basis of allotment.

₹250, which is 187.36% higher than the issue price of ₹87. Owais Metal and Mineral Processing IPO opened for subscription on Monday, February 26, and closed on Wednesday, February 28.

RK Swamy IPO: The initial public offering (IPO) of RK Swamy Limited is going to hit the Indian primary market today. The public issue will remain for subscribers till 6th March 2024. The integrated marketing communications company has fixed the RK Swamy IPO price band at ₹270 to ₹288 per equity share.

Goswami Infratech, a Shapoorji Pallonji Group company, has proposed to repay ₹7,000 crore or half the debt raised through non-convertible debentures (NCDs) last year, even as it stares at a sharp jump in coupon payments by the end of this month if it doesn't complete the sale of its Gopalpur port. As part of its debt repayment strategy, Goswami Infratech has floated a plan to repay debenture holders with ₹7,000 crore, leveraging the monetisation of Afcons Infrastructure, according to a consent note sent to existing holders of 18.75% bond maturing in June 2026.

V R Infraspace will open for subscription on Monday and will close on March 6. The company aims to raise Rs 20.4 crore through the 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.

RK Swamy will open for subscription on Monday. The issue closes on March 6. Through the public offer, the company plans to raise around Rs 423 crore. Here are 10 things to know about Mukka Proteins IPO before subscribing to the issue.

Also read: IPOs This Week: RK Swamy IPO among 7 other issues to open; check details These are the stock recommendations from Rupak De, Senior Technical Analyst at LKP securities: The stock has experienced a breakout from a flag pattern on the daily chart, indicating a notable increase in investor optimism. Furthermore, the stock has consistently traded above the crucial moving average. In the upward direction, there is a potential move towards 640, with support established at 570.

Platinum Industries IPO: After the announcement of allotment status, bidders are eagerly waiting for the Platinum Industries IPO listing date. As the T+3 rule of listing has become mandatory from 1st December 2023, Platinum Industries IPO listing date is most likely on 5th March 2024 i.e. on Tuesday next week.

The highest allocation has been made to Nippon Life India Trustee LTD-A/C Nippon India Small Cap Fund at 26.72% followed by Aditya Birla Sun Life Insurance Company (10.68%), Pinebridge Global Funds (8.01%) and Bajaj Allianz Life Insurance Company.