IPO Financial News

₹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.

BLS E-Services Ltd, and Popular Vehicles and Services Ltd — received capital markets regulator Sebi's go-ahead to raise funds through initial public offerings (IPOs). These companies, which filed their preliminary IPO papers with Sebi between August and October, obtained observation letters from the regulator during December 12-15, an update by the markets watchdog showed on Wednesday. In Sebi's parlance, obtaining its observation letter means its go-ahead to float the public issue.

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.

₹499 to ₹524 per equity share of the face value of ₹2. Azad Engineering IPO lot size is 28 equity shares and in multiples of 28 equity shares thereafter.

₹1,400 per share, 77.2% higher than the issue price of ₹790. DOMS Industries IPO date of subscription was scheduled for Wednesday, December 13, and closed on Friday, December 15.

₹620 apiece on NSE, a premium of 25.76% to the issue price of ₹493 per share. On BSE, India Shelter Finance share price began trading at a premium of 24.28% at ₹612.70 apiece. Catch India Shelter Share Price Live Updates here India Shelter Finance IPO opened for subscription on December 15 and concluded on December 18.

₹400 crore initial public offering (IPO) of real estate firm Suraj Estate Developers was subscribed 3.26 times by 10:55 am on the final day of bidding. It had received bids for 2.53 crore shares as against 77.77 lakh on offer. The IPO opened on Monday, December 18, and will close today, December 20, 2023.

BSE, DOMS Industries share price today was listed at ₹1,400 per share, 77.2% higher than the issue price of ₹790. DOMS share price extended gains following its listing. Currently, at 10:48 IST, DOMS Industries share price has slightly slipped into the red zone.

₹1,200 crore. India Shelter IPO listing is expected to be at a decent premium as the GMP today, or grey market premium today, indicates India Shelter shares to list higher by around 32% that their issue price.India Shelter Finance Corporation made a decent stock market debut on Wednesday, December 20.

DOMS Industries shares got listed at a premium of 77.2% (Rs 610) at Rs 1400 apiece on the bourses on Wednesday. The issue was priced at Rs 790 at the upper end. Net proceeds will be utilised for the part funding of the cost of establishing a new manufacturing facility and general corporate purposes. DOMS Industries' public offer was subscribed 93 times at close. The category reserved for retail investors was subscribed the most at 69 times, followed by NIIs at 66 times. The QIB portion of the issue was booked 116 times. The company boasts a track record of impressive financial performance with consistent revenue and profit growth, further fueled by robust expansion plans that unlock exciting future potential. «The hefty GMP already anticipates much of the company's future growth, leaving limited immediate gains on the table. Therefore, we recommend skipping fresh buys on the listing. Investors seeking quick profits can consider booking gains and exiting,» said Shivani Nyati, Head of Wealth, Swastika Investmart. Also Read: RBZ Jewellers IPO: Should you subscribe to this Rs 100-crore issue?

Azad Engineering IPO raised ₹221 crore from 20 anchor investors at the upper price band of ₹524 per equity share. Azad Engineering IPO price band has been fixed in the range of ₹499 to ₹524 per equity share of the face value of ₹2.

₹549.78 crore, which is a complete offer for sale. The IPO garnered a decent response from investors on the first day, achieving an overall subscription rate of 2.08 times.

Azad Engineering is one of the key manufacturers of qualified product lines supplying to global original equipment manufacturers in the aerospace and defence, energy, and oil and gas industries. The company makes complex and highly-engineered precision forged and machined components that are mission and life-critical and hence, some of their products have a zero parts per million defects requirement. Also Read: Happy Forgings IPO opens for subscription. Should you apply? Azad Engineering IPO review: Should you bid? Despite on-par valuation with peers, analysts advised investors to subscribe to the issue over the company's strong financial track record and superior outlook on growth. «The company has a solid track record, a strong business plan, and management experience that has produced positive results in the past.

BSE and NSE. Inox India IPO registrar is Kfin Technologies Ltd. Investors can find out how many shares they have been given through the basis of allotment in the IPO allotment status.

Stallion India Fluorochemicals has filed preliminary papers with markets regulator Sebi to raise funds through an initial share sale. The Initial Public Offering (IPO) comprises a fresh issue of up to 1.78 crore equity shares and an Offer For Sale (OFS) component of up to 43.02 lakh shares by its promoter Shazad Sheriar Rustomji, as per the Draft Red Herring Prospectus (DRHP).

₹1,008.59 crore from the IPO that comprises a fresh issue of equity shares worth ₹400 crore and an offer for sale (OFS) of 71.59 lakh shares. Happy Forgings IPO price band has been set at ₹808 to ₹850 per share. Happy Forgings is a manufacturer of heavy forgings and high-precision machined components.

₹740 crore from the public issue that will conclude on December 22. Headquartered in Hyderabad, Telangana, Azad Engineering supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries. Its products are highly engineered, complex, mission-critical, and vital.

Buy or sell stocks for today: After weak opening during morning deals, Indian stock market recovered from early losses and ended marginally higher on Tuesday. Nifty 50 index gained 34 points and ended at 21,453 levels, BSE Sensex surged 122 points and closed at 71,437 mark whereas Bank Nifty index added 3 points and closed at 47,870 levels.

TBO Tek, which has filed its draft IPO papers with Sebi, told ET that it has signed a deal to acquire the online business of Jumbo Tours Group of Spain, through its wholly owned subsidiary Tek Travels DMCC. The company has acquired the business for a consideration of ₹25 million, as per the draft IPO papers.

Embassy Office Parks Reit for an estimated ₹6,931.5 crore, or $833 million, through a block deal on Wednesday. As per the deal terms reviewed by Mint, the sale has a floor price of ₹310 per share, representing a discount of approximately 7.7% compared to Embassy Office Parks’ Tuesday closing price of ₹335.75 on the NSE. This marks a significant exit for Blackstone, which had been a key investor in Embassy Office Parks Reit since its initial public offering (IPO) in 2019.