IPO Financial News

1) Company overviewJiwanram Sheoduttrai Industries initially started manufacturing industrial safety gloves and gradually expanded its presence in the industrial garment sector. Its business is classified under three product verticals — manufacturing and export of industrial leather gloves, industrial garments and work and casual wear.2) Industry overviewThe global personal protective equipment market (PPE Market) was $68.5 billion in 2022 and is projected to reach $64.2 billion by 2027, at a CAGR of -1.3% from 2022 to 2027.3) Issue sizeThe IPO is entirely a fresh issue of up to 74.2 lakh equity shares aggregating to Rs 17.07 crore.4) Price bandThe company will offer its shares at a price band of Rs 23 apiece, and investors can bid for 6,000 shares in 1 lot.5) Financial performanceFor the period ended March 2023, the company has recorded revenues of Rs 42.23 crore and net profit of Rs 4.02 crore.6) Objects of the offerThe net proceeds from the public offer will be used to fund working capital requirements, repayment of debt, and other general corporate purposes.7) Lead managers and RegistrarAffinity Global Capital is acting as the lead manager to the issue, while Cameo Corporate Services is the registrar.8) Issue structureAbout 50% of the offer is reserved for retail investors, and the rest for other investors.9) Important datesThe IPO opens on September 8 and closes on September 12.

Singapore based Temasek has invested $140 million in Ola Electric at a valuation of $5.4 billion. The development comes as part of an ongoing round to raise $250 million ahead of the e-scooter maker's initial public offering. Reports quoting sources indicated that there could be another round of fund raising before Ola Electric files papers for an up to $1 billion IPO.

ICICI Securities, JP Morgan and is looking to raise around $1 billon. It has initiated talks with bankers to assess its valuation, after halting the process for months due to weak markets, according to Reuters.

The company received approval from Sebi in the last week of August. The fresh issue size in the offer has been reduced to Rs 180 crore from Rs 225 crore earlier. The IPO also includes an offer for sale (OFS) segment of up to 1.72 crore equity shares.

₹542 crore and offer for sale (OFS) portion consists of 44.5 lakh shares of ₹10, which aggregates to ₹869.08 crore sold by promoter selling shareholder Devang Vasantlal Gandhi, and Neeta Gandhi. Jupiter Lifeline Hospitals IPO total issue size is ₹869.08 crores. The net proceeds from the fresh issue will be utilised to repay debt availed from banks by the company and material subsidiary, and to meet general corporate purposes.

Temasek led a $140 million funding round in India's Ola Electric at a valuation of $5.4 billion, two sources with the direct knowledge said, the latest funding for the e-scooter maker before its initial public offering. The investment round has been closed and Ola will be receiving the funds within a week's time, though there will be another round of fund raising before it files papers for an up to $1 billion IPO planned for late 2023, said the first source. Ola did not respond to a Reuters request for comment, while Temasek, which is an existing investor in Ola Electric, declined to comment. Ola Electric, founded by Bhavish Aggarwal and backed by Japan's SoftBank Group, has become India's e-scooter market leader with a 32% share, competing with Ather Energy as well as companies such as TVS Motor and Hero Electric. Valued at $5 billion last year, Ola sold around 95,000 e-scooters during April-August 2023, industry data showed.

Midcap 250 Index Fund and the Zerodha Nifty Large Midcap 250 Index Fund (ZN250), in accordance with its mandate to establish passive schemes. In September 2021, the Competition Commission of India (CCI) gave its approval to stock and mutual funds platform Groww's parent Nextbillion Technology Pvt Ltd's to acquire Indiabulls Asset Management Company (AMC) and Indiabulls Trustee Company.

Multibagger IPO: Bondada Engineering share price listed on BSE SME exchange on 30th August 2023 at ₹142.50 apiece levels, delivering a whopping 90 per cent premium to the lucky allottees. However, the SME stock didn't end here only. It extended its gains further and went on to hit intraday high of ₹149.62 apiece on the listing date, but missed to double allottees' money by a whisker as the fixed issue was offered at ₹75 per equity share.

EMS IPO: EMS IPO Dates: The public issue will open for subscription on September 8, Friday, and will close on September 12, Tuesday. EMS IPO Details: The total EMS IPO size is ₹321.24 crore comprising a fresh issue of equity shares worth ₹146 crore and an offer for sale (OFS) of 82.94 lakh shares. EMS IPO Selling Shareholders: The company’s promoter and founder Ramveer Singh will sell 82.94 lakh shares in the OFS.

₹29 apiece on NSE Emerge, as against the issue price of ₹28 per share. Mono Pharmacare Ltd, the marketer and distributor of pharmaceutical products, launched its initial public offering (IPO) from August 28 to August 30. Mono Pharmacare IPO was subscribed 13.42 times in total at the end of the subscription period.

IPO listing: The shares of CPS Shapers Ltd made a strong debut in the Indian stock market exchanges on Thursday. CPS Shapers shares were listed at ₹450 apiece, a hefty premium of 147.56% to the issue price of ₹185 per share. CPS Shapers IPO listing date was fixed today, September 7, and the company’s shares were listed on NSE Emerge, a platform for Small and Medium Enterprises (SME) companies.

Ahead of its public listing, Oyo witnessed the exit of its India CEO, Ankit Gupta and Europe head, Mandar Vaidya. The recent exit has increased the list of top executives who have left the hospitality and travel tech startup in last one year.

Rishabh Instruments IPO: Allotment status has become public for the initial public offering (IPO) of Rishabh Instruments Limited. Those who have applied for the Rishabh Instruments IPO, they are advised to check their Rishabh Instruments IPO allotment status online at BSE website or at the website of its official registrar KFin Technologies. However, after allotment of shares, investors and market observers are eagerly waiting for the Rishabh Instruments IPO listing date, which is most likely on 11th September 2023 i.e.

Abneesh Roy, ED, Institutional Equities, Nuvama, says Tata Consumer can definitely acquire Haldiram’s. I do not see that as the issue. The issue is what will be the EPS accretion in any of these kinds of large valuation deals in the first one or two years. I would say that it is EPS dilutive in most such acquisitions. That is the bigger question rather than the ability of Tata Consumer to go for such a deal.Tata Consumer is looking to buy 51% stake in Haldiram's. Tata Consumer has been talking about how they want to expand their food business. Do you think this could be a good fit for Tata Consumer?Definitely, Tata Consumer wants to transform its portfolio. And if you see, even organically and inorganically, they have been doing multiple initiatives in the last three years since Sunil D'Souza has taken over as MD. Earlier, we saw Soulful being acquired in the breakfast series and the kind of scale-up they have done. And they have done multiple launches in their existing brands. They are very clear that because now distribution also has doubled, they want to be a very different portfolio three years, five years down the line.

coronavirus pandemic as online shopping for groceries became the norm. Instacart raised $2.74 billion as a startup and was valued at $39 billion in 2021, according to data provider PitchBook.

Arm has long had an outsize reach in the chip industry. Still, a $50 billion market valuation is ambitious even in a market starved for major new tech listings. The British chip designer proposed pricing terms Tuesday morning for its planned initial public offering.

IPO. The IPO with a face value of Rs 2 consists of a fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to 9.13 million by the promoter and other selling shareholders. Under the OFS, Sunil Suresh and Shubha Sunil plan to offload up to 1.18 million equity shares, and Oman India Joint Investment Fund II plans to sell up to 5.54 million shares. Other selling shareholders include Kiran Bhanu Vuppalapati and Sridevi Venkata Vuppalapati. In 2018, Oman India Joint Investment Fund had invested in the company, securing a 26% ownership stake.

Mint explains what the new announcement means for market investors. Currently, when an investor buys or sells shares from stock exchanges, the transaction is confirmed instantly, but the actual settlement takes time. So once the transaction is confirmed, the buyer doesn’t receive shares instantly, nor does the seller receive the proceeds instantly.

subscription status: Ratnaveer IPO has been subscribed 90.58 times so far on the third and final day of issue. Ratnaveer Precision Engineering IPO opened for subscription on Monday, September 4, and will close on Wednesday, September 6.

Rishabh Instruments will likely be finalised on Wednesday. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Chavda Infra Ltd has set a price band of Rs 60-65 per share for its initial public offering (IPO). The IPO will open for public subscription on September 12 and will conclude on September 14, while the bidding for the anchor investors will open on September 11, the company said in a statement on Tuesday. The shares of the company will be listed on NSE Emerge, a platform for small and medium enterprises, it added. The IPO comprises of a fresh issue of 66.56 lakh equity shares with a face value of Rs 10 through the book-building route. The company intends to utilise the proceeds from the issue of up to Rs 27 crore for working capital requirements and the balance being used for general corporate purposes and issue expenses. Beeline Capital Advisors is the book-running lead manager to the issue.Chavda Infra has executed over 100 projects worth Rs 671 crore.