IPO Financial News

₹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.

Canadian equity financings grew slightly this year despite a combination of challenges stemming from high interest rates, an underperforming stock market and just one initial public offering on the Toronto Stock Exchange. What’s more, bankers are forecasting better conditions for ECM markets in 2024.

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.

Bain Capital-backed Emcure Pharmaceuticals has filed fresh preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The IPO comprises a fresh issuance of equity shares worth Rs 800 crore and an Offer of Sale (OFS) of 1.36 crore equity shares by promoters and existing shareholders, according to the fresh draft red herring prospectus filed last week.

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.

Jyoti CNC Automation said on Wednesday that it has received markets regulator Securities and Exchange Board of India (SEBI) approval to raise funds through initial public offering (IPO). The company had filed its Draft Red Herring Prospectus (DRHP) with market regulator in September 2023. The company’s IPO will comprise a fresh issue of ₹1000 crore.

₹250 crore and an offer-for-sale (OFS) component of 1.42 crore equity shares by Banyantree Growth Capital II, LLC. BRLMs to the issue are ICICI Securities, Nuwama Wealth and Centrum Capital. The company had submitted revised preliminary documents in September of this year to raise funds through an initial public offering (IPO).

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.

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.

Aditya Agarwala, Invest4edu, says «the top sectoral funds for me would run the gamut of sectors allowing us to take exposure in these sectors, keep us well covered and diversified as well. So Bandhan Financial Service Fund, Tata Digital India Growth Fund, Quant Manufacturing Fund and Nippon India Innovation Fund stand out according to me.» Agarwala also says: «NFOs do not give any extra advantage over and above your existing mutual fund schemes which are there, so that myth that you should put money in an NFO just because the NAV is trading at 10, that is wrong. Plus, the expense ratio is slightly higher if you invest in an NFO. It is just that these funds, some of them are new and innovative and maybe they give you an exposure to the sectors which otherwise most of these schemes and mutual funds do not give you an exposure to.» How has the year been as far as the launch of NFOs are concerned? It has been a fabulous year both on the front of NFOs and IPOs markets have been buzzing around and people have welcomed the NFOs as well but slightly lower as compared to 2022, I guess but very marginally.

₹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).

₹14.04 crore via the issue, which is entirely a fresh issue of 21.6 lakh shares by promoters of the company. The price for the IPO has been set at ₹65 per share. Abhishek Sandeepkumar Agrawal and Sandeepkumar Vishwanath Agrawal HUF are the promoters of the company.

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’.

Rahul Shah, CFO, DOMS, says “across our product categories, the EBITDA margins are constant, close to 15-16% and that is where we like to be. We will want to continue this margin profile and focus more on increasing our revenues because the factors I mentioned and given the market potential, I think the need would be to enhance the revenue while at the same time maintaining this margin profile.” I guess strong growth record and high margin profile has been leading to your subscription numbers as well and the listing pop. Will the company continue to grow at this pace and will margins continue to remain higher? Firstly, we would like to welcome the new shareholders to the DOMS family.

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.

Paytm plans to revamp its online wealth management services and hire more than 50,000 salespeople to get more merchants on its network, aiming to hit profitability sooner than targeted. Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, who’re warmer to the idea of investing online. At the same time, it’s orchestrating a campaign to boost its salesforce more than 60% to try and sign up more merchants across smaller Indian cities and towns.