IPO Financial News

₹52.80 crore worth Hi-Green Carbon IPO comprises a fresh issue of 59.9 lakh equity shares aggregating to ₹44.93 crore and an offer for sale (OFS) of 10.5 lakh shares aggregating to ₹7.88 crore. Also Read: Mangalam Alloys IPO: GMP, subscription status, review, other details in 10 points Hi-Green Carbon IPO price band is fixed at ₹71 to ₹75 per share. The IPO lot size is 1,600 shares and the minimum investment amount required by retail investors is ₹120,000.

₹66 to ₹70 per equity share of face value of ₹10 each. Madhusudan Masala IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Madhusudan Masala IPO, which is worth ₹23.80 crores, is completely a fresh issue of 3,400,000 equity share; there is no offer for sale (OFS) component.

Mangalam Alloys IPO Dates: Mangalam Alloys IPO opened for subscription today, on September 21 and will close on September 25. Mangalam Alloys IPO Allotment: The company will finalise the basis of IPO allotment on September 29 and initiate refunds on October 3, while credit the shares in the demat accounts of eligible allottees on October 4. Mangalam Alloys IPO Listing Date: Mangalam Alloys shares are proposed to be listed on NSE SME with tentative listing date on October 5.

Also Read: Sai Silks Kalamandir IPO: Sai Silks IPO subscribed 7% on day 1; retail portion booked 12% Sai Silks IPO comprises a fresh issuance of ₹600 crore worth of shares and an offer for sale (OFS) of up to 2.70 crore equity shares by promoter and promter group. The company intends to use the net proceeds from the offering to finance capital expenditures for the establishment of 30 additional stores and two warehouses, as well as for working capital needs, debt repayment, and general corporate purposes. Motilal Oswal Investment Advisors Ltd, HDFC Bank Ltd, Nuvama Wealth Management Ltd are the book running lead managers to the offer.

Stock market today: EMS share price today listed on BSE and NSE at a stronf premium despite Indian stock market extending its slide on third day in a row. EMS share price today opened on BSE at ₹281.55 apiece levels whereas it opened on NSE at ₹282.05 apiece levels, delivering over 33 per cent listing gain to the lucky allottees against the EMS IPO price band of ₹200 to ₹211 per equity share.

Kfin Technologies Ltd. Investors can find out if and how many shares they have been given through the basis of allotment. Samhi Hotels listing date has been fixed for Friday, September 22 on NSE and BSE.

IPO listing date: Shares of Unihealth Consultancy Ltd listed on NSE SME at a premium on Thursday. On NSE SME, Unihealth Consultancy share price today was listed at ₹135 per share, 2.3% higher than the issue price of ₹132. Also Read: Meson Valves shares lists with a stellar 90% premium at ₹193.80 apiece on BSE SME Unihealth Consultancy IPO issue size was ₹56.55 crore.

Indian stock market Wednesday. Meson Valves shares were listed with a hefty premium of 90% at ₹193.80 apiece on BSE SME as against its issue price of ₹102 per share.

ICICI Securities, IIFL Capital and Axis Capital as advisors, a report by Moneycontrol said, quoting multiple industry sources. However, the quantum of the fund raise through the IPO hasn't been finalized yet and may vary later, the report added. Awfis IPO would be the first public issue in the domestic markets by a co-working space provider.

Instacart co-founder, Apoorva Mehta, separated from the start-up after generating a whopping $1.1 billion of fortune from its IPO launch, reported Bloomberg. However, Apoorva Mehta will continue to be the largest shareholder in the company. He had stepped down as the CEO of the firm in August 2021.Later, he took over his board position as executive chairman as part of the IPO proceedings.

₹282.05 per share, 33.7% higher than the issue price of ₹211, and on the BSE, EMS share price was listed at ₹281.55 per share. EMS IPO price band has been fixed in the range between ₹200 to ₹211 per equity share of face value of ₹10 each. EMS IPO lot size is 70 equity shares and in multiples of 70 equity shares thereafter.

Signature Global IPO: The initial public offering (IPO) of Signature Global opened for subscription on Wednesday and it will remain open for bidders till 22nd September 2023 i.e. on Friday this week. The realty company aims to raise ₹730 crore from its public offer and it has fixed Signature Global IPO price band at ₹366 to ₹385 per equity share.

Anand Tandon, Independent Analyst, says “if one has to be in two-wheelers, again, the premiumisation is definitely a longer-term theme. But that said, again, the number of new players that have come in and the new vehicles that are being launched will automatically put a kind of a spoke in the wheel, as it were. It will be a while before the market shares etc. settle down there. Broadly, I am not very bullish on that sector.”Let us begin by discussing the auto sector because of late it has been doing quite alright for itself. Bajaj Auto management told us how demand has seen a solid pickup from the months of July-August onwards. They are saying demand is fairly broad-based across rural as well as urban India. But within the two-wheeler space itself, what would you go for? Would you go for the mass themes like TVS, Bajaj, Hero or is the premiumisation play at Royal Enfield?I would not go for two-wheelers in the first place. I think the valuations for most of these companies are 50-60% higher than they were at a time when they were doing very well a few years ago compared to what they are doing today where they are still struggling to achieve growth and where the competition has actually doubled up quite considerably because of technological changes.

By Anton Bridge

₹280 to ₹300 per equity share of face value of ₹10. Updater Services IPO floor price is 28 times the face value of the equity shares and the cap price is 30 times the face value of the equity shares.

EMS IPO: Listing date for the initial public offering (IPO) of EMS Limited has been fixed on 21st september 2023. As per the information available on BSE website, "...effective from Thursday, September 21, 2023, the equity shares of EMS LIMITED shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities." So, EMS shares are going to debut on Dalal Street in special pre-open session during Thursday deals and EMS share price would become available for trade from 10:00 AM on Thursday session.

By Savyata Mishra

Check out the companies making headlines before the bell.

₹400 crore and an offer for sale (OFS) of up 8,000,000 equity shares of face value of ₹10 each by a promoter and others. Promoter Tangi Facility Solutions Private Ltd will offload 40 lakh shares in the IPO and two private equity funds, India Business Excellence Fund-II and India Business Excellence Fund–IIA, will sell 8 lakh and 32 lakh shares, respectively.

₹66 to ₹70 per equity share of face value of ₹10 each. Madhusudan Masala IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Madhusudan Masala IPO, which is worth ₹23.80 crores, is completely a fresh issue of 3,400,000 equity share; there is no offer for sale (OFS) component.

Investing.com -- Shares in online grocery delivery service Instacart (NASDAQ:CART) dipped in U.S. premarket trading on Wednesday, retreating from a 12.3% gain in their first day of trading in New York that pointed to a revival in new listings.