IPO Financial News

Protean eGov Technologies (formerly NSDL e-Governance Infrastructure) is planning to make an initial public offering of around Rs 1,200-1,300 crore by the end of October, people privy to the development said. “The company will submit its updated draft red herring prospectus before markets regulator Securities and Exchange Board of India this week … It aims to launch the IPO to the public by the third or fourth week of October,” one of the people said.

Bankers and investors are optimistic that a string of initial public offerings will cap off a quiet year for new issuance before things accelerate in 2024. That's the consensus across Wall Street after a flurry of deals on US exchanges positioned September to be the biggest month for IPO fundraising since the market essentially shut in January 2022, according to data compiled by Bloomberg. Even though Arm Holdings Plc and Instacart stumbled in the days following their debuts, their recent stability is giving confidence to firms in the country — and around the world — that have been waiting for their chance. Companies listing on US exchanges have raised roughly $7.2 billion so far in September, accounting for 56% of the cash raised in global IPOs that priced this month, data compiled by Bloomberg show.

₹47.03 crore from the share sale that will close on October 3. Canarys Automations is an IT solutions provider in the digitalization, modernization, Automation, and intelligence space. The company has two business verticals: Technology solutions and Water Resource Management Solution.

Also Read: Canarys Automations IPO: Price band, GMP, subscription status, other key details of SME issue Here are key details, subscription status and GMP of Arabian Petroleum IPO: Arabian Petroleum IPO has been subscribed 19.90 times on Wednesday, the third and the last day of the bidding process. The IPO received bids for 5.45 crore equity shares as against 27.44 lakh shares offered so far. The IPO has been subscribed 23.16 times in the retail category and 15.72 times in the Non-Institutional Investors’ (NII) category so far.

Also Read: Manoj Vaibhav IPO allotment today: Latest GMP, here's how to check allotment status Let us check Inspire Films IPO subscription status, GMP today and other key details. Inspire Films IPO has been subscribed by a robust 129.08 times on Wednesday, the third and the last day of the bidding process. The issue received bids for 30.90 crore equity shares as against 23.94 lakh shares on the offer.

₹280 to ₹300 per equity share of face value of ₹10. Updater Services IPO lot size is 50 equity shares and in multiples of 50 equity shares thereafter. "Exciting news! Mint is now on WhatsApp Channels

₹2,798 crore in FY22 while profit after tax rose 14.47 per cent to ₹69.16 crore during the same period. Some of the listed peers in the segment are Ircon International, Rites, Engineers India, National Buildings Construction Corporation (NBCC), and Va Tech Wabag.

₹15.56 crore from anchor investors on Tuesday, September 26. Vinyas Innovative IPO price band has been set in the range of ₹162 to ₹165 per equity share of face value of ₹10 each.

₹93 per equity share of face value of ₹10 each. Kontor Space IPO lot size is 1200 equity shares and in multiples of 1200 equity shares thereafter.

₹152 crore from the share sale. Valiant Laboratories specialises in manufacturing Paracetamol as an Active Pharmaceutical Ingredient (API) or Bulk Drug. A manufacturing facility owned by Valiant Laboratories is located in Palghar, Maharashtra, India.

Oneclick Logistics India IPO: The initial public offering (IPO) of small- and medium-sized enterprise (SME) Oneclick Logistics India has opened for subscription today (Wednesday, September 27), and will close on Tuesday, October 3. The company is an integrated logistics services and solutions provider and offer customers a single-window solution - negating the need to approach multiple service providers at different levels in the chain of logistics services.

₹71 to ₹75 per equity share of face value of ₹10 each. E Factor IPO lot size is 1600 equity shares and in multiples of 1600 equity shares thereafter. "Exciting news! Mint is now on WhatsApp Channels

₹445.00 apiece on the BSE, a premium of 15.58% to the issue price of ₹385 per share. On NSE, Signature Global listing price was ₹444 per share, a 15.32% premium. After listing, Signature Global share price traded higher and made a high of ₹453.80 apiece on the BSE, which was nearly 2% higher than the listing price and nearly 18% higher than the issue price.

Also Read: JSW Infrastructure IPO: Issue fully booked on day 2; retail portion subscribed over 4 times JSW Infrastructure IPO was subscribed 43% on day 1. JSW Infra IPO price band has been set in the range between ₹113 to ₹119 per equity share of face value of ₹2 each.

₹170 apiece as compared to its issue price of ₹160 per share. The initial public offering (IPO) of Kody Technolab Ltd, a software development services company, has received stellar response from investors during September 15 and September 20.

₹87 per share, 1.2% higher than the issue price of ₹86. Techknowgreen Solutions Limited IPO opened for subscription on Monday, September 18, and closed on Thursday, September 21.

₹445.00 apiece on the BSE, a premium of 15.58% to the issue price of ₹385 per share. Signature Global listing price on NSE was at a 15.32% premium at ₹444 per share.

Valiant Laboratories IPO date: Valiant Laboratories IPO is opening for subscription today (Wednesday, September 27) and it will close on Tuesday, October 3. Valiant Laboratories specialises in manufacturing Paracetamol as an Active Pharmaceutical Ingredient (API) or bulk drug.

Valiant Laboratories, which opens for subscription on Wednesday, will run till October 3. Via the share sale, the company is aiming to raise Rs 152 crore. Avinash Gorakshakar of Profitmart Securities advised investors to subscribe to the issue from a medium-to-long-term perspective. «Given the market conditions, I don't think there will be any significant listing gains from this IPO.

Instacart's stock on Tuesday closed for the first time below the price in its initial public offering. Shares of Instacart, formally called Maplebear, dropped 1.65% to end the session at $29.89, compared to the company's IPO price of $30 on Sept. 18. Chip designer Arm Holdings' stock dipped 1.69% to $53.52 compared to the $51 price set in its IPO on Sept.

A high-profile New York infant nutrition expert with whom Care A2 Plus claims to have worked with says she rejected multiple approaches to consult for the company.