IPO Financial News

Kfin Technologies Ltd. Investors can find out if and how many shares they have been given through the basis of allotment. The initiation of the refund process will start on Monday, September 11, for individuals not given shares.

EMS IPO Subscription Status: The initial public offering (IPO) of water treatment and waste water management company EMS opened on Friday, September 8, and has been subscribed 3.74 times, receiving positive response from all categories of investors. The public issue will remain open for bidding till Tuesday, September 12 2023. The book build issue aims to raise ₹321.24 crore from the issue.

IPO listing date has been fixed for Wednesday, September 13 on NSE SME. If you applied for the shares, here's how you can check allotment status of Pramara IPO. If you have applied for the Pramara Promotions IPO , you can check your Pramara Promotions IPO allotment status immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd.

Also Read: Ratnaveer Engineering IPO: Focus shifts to allotment as SEBI's T+3 norms starts to roll out Initially, Ratnaveer IPO basis of allotment of shares was to be finalised on Monday, September 11 and the company was to initiate refunds on Tuesday, September 12. As per RHP, the Ratnaveer Engineering share price listing was scheduled to take place on Thursday, September 14 on NSE and BSE. If you have applied for the Ratnaveer IPO, you can check your Ratnaveer Engineering IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

₹31.09 crore worth Meson Valves IPO is a fresh issue of 30.48 lakh shares of face value of ₹10 each. The SME IPO price band has been fixed at ₹102 per share. In the IPO, the company reserved 47.44% shares each for retail investors and non-institutional investors (NII).

Balaji Speciality Chemicals has withdrawn its draft prospectus filed with Sebi last year, the company's parent Balaji Amines informed the exchanges on Friday. However, the reasons for the withdrawal were not specified. «In connection with the offer, we have been informed by the BSCL that its Board of Directors through a resolution passed in the Board Meeting dated September 8 has decided to withdraw the DRHP filed with SEBI,» Balaji Amines said in a filing. Market analysts were expecting the IPO to be rolled out between late August to early September, but that did not materialise. The company had initially planned to raise Rs 250 crore via the issuance of fresh equity shares, whereas existing shareholders would offload 2.6 crore equity shares from their holding. According to the DRHP, net proceeds were proposed to be used towards repayment of debt, working capital requirements, and general corporate purposes. The company had appointed HDFC Bank and JM Financial Services as the book-running lead managers for the IPO, whereas Link Intime India was to act as the registrar to the issue. Incorporated in 2010, Solapur-based Balaji Speciality Chemicals manufactures niche chemicals, which are used in various end-use industries, such as speciality chemicals, agrochemicals, and pharmaceuticals. The company manufactures niche chemicals such as ethylene diamine, piperazine anhydrous, diethylenetriamine, aminoethyl ethanolamine and aminoethyl piperazine, using the monoethanol amine process. From FY20 to FY22, its customer base grew from 45 to 182, including key names like UPL, Dr Reddy's Labs, Aarti Drugs, and more.

IPO Subscription Status: Jupiter Lifeline Hospital IPO was subscribed 63.49 times on day 3 so far. Jupiter Lifeline Hospital IPO opened for subscription on Wednesday, September 6, and will close today (Friday, September 8). Jupiter Lifeline Hospital IPO received overwhelming response from non-institutional investors (NIIS) and Qualified institutional buyers (QIBs) on day 3.

Online homewares store Koala has lost its co-chief executive after less than a year in the job, setting back its widely discussed hopes to list on the stock exchange.

IPO Subscription Status: Jupiter Lifeline Hospitals IPO has received strong response from all categories of investors so far. The IPO, which opened on September 6, closes today, September 8. Given that today is the last day for Jupiter Lifeline Hospitals IPO Subscription, the basis of allotment is expected to be fixed on September 13 and initiation of refunds may take place on September 14, while credit of shares will be done on September 15.

Cellecor IPO: The initial public offering (IPO) of Cellecor Gadgets Limited is all set to hit primary markets next week. The SME company has announced price band of the book build issue at ₹87 to ₹92 per equity share. As per the Red Herring Prospectus (RHP) of the public issue, the Cellecor Gadgets Limited IPO has been proposed for listing on NSE SME exchange and the company aims to raise 50.77 crore from its initial offer.

₹983-1,035 per share. At the upper end of the price band, RR Kabel aims to raise ₹1,964 crore from the IPO. The IPO comprises fresh issue of equity shares worth ₹180 crore and an offer for sale (OFS) of 1.72 crore equity shares worth ₹1,784 crore by the promoters and investors.

EMS IPO: The initial public offering (IPO) of EMS Limited has opened today and the public issue will remain open for bidding till 12th September 2023. The book build issue aims to raise ₹321.24 crore from its initial offer. The water treatment and waste water management company has fixed EMS IPO price band at ₹200 to ₹211 per equity share.

ICICI Bank's proposed bid to delist its broking and investment bank arm might face opposition from a section of the shareholders. While some investors think the conditions to delist ICICI Securities do not favour public shareholders, lawyers are raising questions about the capital markets regulator Securities and Exchange Board of India's (Sebi) decision to grant some exemptions from the conventional delisting process. «The minority shareholders of ICICI Securities are being gravely wronged by the delisting, that is, besides being unfair in every sense (valuation, methodology & logic), defies the basic grain of propriety,» said Manu Rishi Gupta, founder of MRG Capital, a Bengaluru-based investment fund, in an open letter.

By Echo Wang and Svea Herbst-Bayliss

In this article

Parth Jindal, managing director, JSW Cement and JSW Paints, outlined the company's growth plans as it prepares for a public listing next year. Edited excerpts:How is current market opportunity playing out for JSW Cement? Our capacity is currently at 19 million tonnes a year. By the end of this calendar year, we will be at 21 million tonnes in capacity.

₹165.03 crore. Ratnaveer Precision Engineering IPO opened for subscription on Monday, September 4, and closed on Wednesday, September 6. On day 3, Ratnaveer Precision IPO subscription status was 93.99 times.

₹80 per equity share and the share will be listed on the BSE SME exchange Monday, September 18. Kahan Packaging IPO, which is worth ₹5.76 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The company plans to use the net proceeds from the offering to meet working capital requirements, and general corporate purpose.

₹96.37 crore from anchor investors today. EMS IPO opens for subscription on Friday, September 8, and closes on Tuesday, September 12. The allocation to anchor investors for EMS IPO took place today.

ET Intelligence Group: Issue dates: September 8-12, 2023Issue price: Rs200-211Issue Size: up to Rs321 croreImplied market cap: Rs 1,172 croreFace Value: Rs10Lot size of shares: 70Issue type: Fresh and Offer for Sale issueRetail portion: 35%Uttar Pradesh-based construction company EMS plans to raise Rs146 crore through a fresh issue of shares and another up to Rs175 crore through an offer for sale.

https://www.purvashare.com/queries/ - Log in to Basilic Fly Studio IPO allotment page - https://www.purvashare.com/queries/ - Choose IPO Name ‘Basilic Fly Studio‘ from the drop-down menu bar. - Pick one of all three options to check the status: Application No, Demat Account, or PAN. - Click on the 'Search' button.