IPO Financial News

27.09 / 01:12

IPO Manoj Vaibhav IPO gets 2.25 times bids

jewellery chain Manoj Vaibhav Gems 'N' Jewellery was subscribed 2.25 times on Tuesday, the final day of bidding. The retail investors' segment was subscribed 1.66 times, while the non-institutional investor portion was subscribed 5.18 times.

26.09 / 18:35

UPS IPO FIVE Waters Aware 2020 reports KKR KKR to carve out RE Sustainability unit

MUMBAI : KKR & Co. plans to carve out the municipality business from RE Sustainability Ltd (formerly Ramky Enviro Engineers Ltd) that it acquired five years ago, and sell the unit back to its original promoters, two people aware of the matter said. The private equity firm believes that removing the municipality business, which serves local governments, will make the company more attractive for potential buyers, the people cited above said.

26.09 / 17:19

IPO Manufacturing WhatsApp band Valiant Laboratories IPO: Firm mobilises ₹45 crore from anchor investors ahead of issue

Valiant Laboratories IPO: Valiant Laboratories has raised ₹45.74 crore from anchor investors a day ahead of its IPO subscription opening for bidding. Valiant Laboratories initial public offering (IPO) will open for subscription on Wednesday, September 27 and close on Tuesday, October 3.

26.09 / 16:11

UPS IPO Booking AXY information Fincare Small Finance Bank gets Sebi nod for IPO

Fincare Small Finance Bank has received market regulator Securities and Exchange Board of India's approval for its proposed initial public offer. The bank plans to raise up to Rs 625 crore by issue of equity shares of face value Rs 10. Fincare SFB applied for the IPO afresh in May. It initially filed draft papers last year but needed to refile the proposal with a fresh set of numbers as Sebi sought more information. The IPO also includes offer for sale (OFS) by promoters and other investors.

26.09 / 15:57

IPO Provident Booking Enterprise social information reports Initial public offerings: Why retail investors should be wary of SMEs

Mainboard vs SME IPOs The mainboard typically demands a minimum of 1,000 subscribers or allottees for an IPO, with application amounts ranging from ₹13,000 to ₹15,000. These offerings undergo rigorous scrutiny as their Draft Red Herring Prospectuses (DRHP) are thoroughly vetted by Sebi. Moreover, companies aiming for the mainboard listing must have a post-issue paid-up capital exceeding ₹10 crore.

26.09 / 15:37

IPO Booking Manufacturing recommendations Valiant Laboratories IPO opens Wednesday. What GMP signals ahead of subscription?

The current GMP of Valiant Laboratories is Rs 0 in the unlisted market. The offer, which is priced at Rs 133-140 apiece, is completely a fresh equity issue of Rs 1.08 crore shares. Investors can bid for a minimum of 105 shares in one lot and in multiples thereof. About 50% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors and 35% for retail investors. Net proceeds from the issue will be utilised towards part-financing its capex, funding working capital requirements and other general corporate purposes. Valiant Labs is an active pharmaceutical ingredient (API)/bulk drug manufacturing company, with a focus on producing Paracetamol.

26.09 / 14:55

IPO Provident FIVE Maxim CEO Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong

Chinese e-commerce company Alibaba says it will spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong

26.09 / 14:03

IPO Provident Reuters CEO reports Department China's Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong

By Brenda Goh

26.09 / 13:57

UPS IPO Experts band 2020 recommendations Signature Global, Sai Silks shares to list on Wednesday. Here's what to expect

Signature Global is commanding a GMP of Rs 41 in the unlisted market. Compared with the upper price band of Rs 385, the shares are expected to fetch 10% premium on debut. 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. «The company has a loss-making history and faces concentration risk.

26.09 / 11:51

IPO Booking WhatsApp services Updater Services IPO sees tepid demand on day 2, retail portion booked 68%

₹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

26.09 / 10:35

IPO Target MET Strategy country 2020 Coronado’s Czech suitor studying more steel, power acquisitions

Sev.en Global Investments’ raid on a majority shareholding in coal miner Coronado Global Resources could soon be followed by the acquisition of more Australian power generation and steelmaking assets.

26.09 / 10:03

IPO WhatsApp Organic Recycling Systems IPO: GMP, subscription status on day 4, other details

₹200 per equity share of face value of ₹10 each. Organic Recycling IPO lot size is 600 equity shares and in multiples of 600 equity shares thereafter.

26.09 / 09:56

UPS IPO Lowe's Browser performer information shock services Financial Shares sector review – financial services

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26.09 / 09:49

Citi IPO WhatsApp AGRO City Crops Agro IPO: GMP, subscription status on day 1, other details

₹25 per equity share of face value of ₹10 each. City Crops IPO lot size is 6000 equity shares and in multiples of 6000 equity shares thereafter.

26.09 / 09:49

IPO Booking WhatsApp Kontor Space IPO: GMP, price, other details about upcoming IPO as SME issue opens tomorrow

Kontor Space IPO: The initial public offering (IPO) of Kontor Space Limited opened will hit primary market on 27th September 2023 i.e. tomorrow. The public issue is offered at a fixed price of ₹93 per share.

26.09 / 09:19

IPO WhatsApp Experts techno innovations recommendations Time small-cap Small-cap stock below ₹100 close to life-time high. Do you own?

Small-cap stock below ₹100: Salasar Techno Engineering Ltd is a small-cap company, which is in news these days for capacity expansion. While the small-cap company has hit headlines for strong fundamentals, Salasar Techno Engineering shares are not far behind. Salasar Techno Engineering share price today opened upside and went on to hit intraday high of ₹53.90 apiece on NSE.

26.09 / 09:13

UPS Citi IPO Provident Booking band IPOs services Vaibhav Jewellers, JSW Infrastructure IPOs fully subscribed; Updater Services sees tepid response so far

Vaibhav Jewellers The initial public offer of Vaibhav Jewellers, which opened on Friday, was fully subscribed on the last day of the bidding process. The overall subscription stood at 1.3 times on Day 3. The NII portion was subscribed the most at 2.3x, followed by the retail category at 1.21x.

26.09 / 09:05

UPS IPO WhatsApp Western Carriers gets SEBI nod to launch IPO

Also Read: Fincare Small Finance Bank IPO gets SEBI approval According to a SEBI update today, the Western Carriers IPO received its observations letter on Friday, September 22. As per company's DRHP, Western Carriers IPO consists of an offer for sale (OFS) component of up to 93.29 lakh equity shares by the promoter Rajendra Sethia and a fresh issue of equity shares totaling up to ₹500 crore.

26.09 / 09:05

IPO Booking Platform WhatsApp Experts band recommendations Multibagger IPO: SME stock Basilic Fly Studio gives 200% return to allottees within one month

Multibagger IPO: Money is not in buying and selling of stocks but in holding them as long as one can. However, on some occassions, one's money rise many folds in very short time span. This can happen in stocks as well as IPOs because investing in stocks or IPOs is like investing in business.

26.09 / 09:05

IPO Booking WhatsApp JSW Infrastructure IPO: Issue fully booked on day 2; retail portion subscribed over 3 times so far

₹113 to ₹119. Bids can be made for a minimum of 126 equity shares and in multiples of 126 equity shares thereafter.

26.09 / 09:05

IPO Booking WhatsApp band show Manoj Vaibhav Gems IPO Day 3: Issue sails through on last day; subscribed 1.42 times so far; retail portion booked 1.3x

Also Read: Manoj Vaibhav Gems IPO: Bidding ends today. GMP, subscription status, apply or not? Manoj Vaibhav Gems IPO GMP today, or grey market premium today, is ₹12 per share, as per market observers. This indicates that Manoj Vaibhav Gems shares are trading higher by ₹12 than their issue price, in the grey market.

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