IPO Financial News

Private equity firms are under pressure to deploy idle capital and sell assets to realise returns, a force that should underwrite a recovery in deal flow in 2024 and 2025, snapping the capital markets drought.

Stock market today: Vishnu Prakash shares listed on Indian stock market exchanges at a robust premium during special pre-open session on Tuesday. Vishnu Prakash share price opened on BSE at ₹163.30 apiece levels whereas it opened on NSE at ₹165 per share levels.

₹165.00 per share on NSE, a robust premium of 66.66% to the issue price of ₹99 per share. On BSE, Vishnu Prakash R Punglia shares were listed with 65% premium at ₹163.30 apiece. However, soon after the listing, Vishnu Prakash share price declined over 10%.

Rishabh Instruments IPO: After strong response given by investors to the initial public offering (IPO) of Rishabh Instruments Limited, investors and market observers are eagerly waiting for announcement of Rishabh Instruments IPO allotment date, which is most likely on 6th September 2023. those who have applied for the book build issue, they are advised to check Rishabh Instruments IPO allotment status online by logging in at BSE website or at the website of IPO registrar — KFin Technologies Limited. Meanwhile, ahead of share allotment, grey market is signaling positive sentiments in regard to the public issue.

Also read: Rishabh IPO allotment tomorrow - Latest GMP, here's how to check allotment status The earnings growth is a function of multiple factors, e.g., (a) capacity (production capability); (b) demand environment (market leadership); (c) competitive landscape (pricing power, cost advantage); (d) innovation and technology advantage; (e) resource availability (raw material, labor, capital, managerial bandwidth, etc.), etc. The price-earnings ratio (PER), one of the most popular equity valuation criteria, is the ratio between the earnings of a company and its market value. It broadly signifies that at the current rate of earnings how many years it will take for the company to add the value that an investor is paying today.

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 Thursday, September 7, for individuals not given shares.

₹550 crore in Ather Energy, the company said in an exchange filing. The company's board, at its meeting held on September 4, 2023, has approved an investment of up to ₹550 crore in the Rights issue of Ather Energy. The investment is subject to the execution of definitive documents and completion of certain conditions customary to a transaction of this nature, it added.

₹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. EMS IPO floor price is 20 times the face value and the cap price is 21.10 times the face value.

Also Read: Mono Pharmacare IPO allotment finalised: GMP, here's how to check allotment status CPS Shapers listing date has been fixed for Friday, September 8 on NSE SME. If you applied for the shares, here's how you can check allotment status of CPS Shapers IPO. If you have applied for the CPS Shapers IPO, you can check your CPS Shapers IPO allotment status immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd.

The initial public offering (IPO) of Jupiter Life Line Hospitals will open for subscription on September 6. The issue closes on September 8.

Midcap index has gained 25 per cent. The BSE Sensex, on the other hand, has gained just 8 per cent in the same period. Data show that about 75-odd stocks of the BSE Smallcap index have jumped over 100 per cent this year so far.

SME IPO of Basilic Fly Studio is receiving a stellar response from investors with the overall subscription at 110 times on the second day of the bidding process. The issue, which opened on September 1, comprises fresh equity of up to Rs 60.5 crore and an offer for sale (OFS) of 6 lakh shares. The company plans to raise about Rs 66 crore from the IPO, which closes tomorrow. According to NSE data, the issue has received bids for 56 crore shares worth Rs 5,507 crore on the second day against just 50.96 lakh shares on offer. Basilic Fly Studio is a visual effects (VFX) Chennai-based studio with subsidiaries operating in Canada and the UK, which specialises in creating visual experiences that captivate audiences around the world. It holds proficiency in the VFX industry and has delivered high-quality VFX solutions for movies, TV, net series, and commercials. According to market sources, the company's shares are commanding a huge premium of Rs 270 in the unlisted market. The company is offering shares for a price band of Rs 92-97 apiece, and investors can bid for 1,200 shares in 1 lot. About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 35% is set aside for retail investors. For the year ended March 2023, the company has recorded revenues of Rs 78.95 crore and net profit of Rs 27.74 crore. The net proceeds from the public offer will be used to set up a studio in Hyderabad, adding infra to strengthen existing facilities and general corporate purposes. GVR Capital Advisors is acting as the lead manager for the issue, while Purva Sharegistry is the registrar. The final allotment will likely be made on September 8.

Also Read: Ratnaveer IPO gets fully subscribed. GMP, subscription status, review, other details. Apply or not? You can check the Mono Pharmacare IPO allotment status of your application on this link - https://ipo.bigshareonline.com/ipo_status.html Login at direct Bigshare link — https://ipo.bigshareonline.com/ipo_status.html Select "Mono Pharmacare IPO" in company name section.

ipo subscription status: Ratnaveer IPO was subscribed 5.76 times on day 1. Ratnaveer Precision Engineering IPO opened today for subscription today (Monday, September 4), and will close on Wednesday, September 6. Ratnaveer IPO received positive response from retail investors and non-institutional investors (NIIS) on day 1.

₹308.88-crore Vishnu Prakash IPO listing date has been fixed on September 5, 2023, i.e. on Tuesday. On the back of robust demand, the Vishnu Prakash IPO grey market premium today has risen as investors remained bullish on the public offer.

Multibagger IPO: The initial public offering (IPO) of Sahana System Limited was launched in May 2023 at a price band of ₹132 to ₹135 per equity share. The book build issue was proposed for listing on NSE SME exchange and it listed on the same on 12th June 2023 at ₹163 per share levels, delivering near 21 per cent premium to the lucky allottees. Those who had applied for the SME IPO with short term time horizon, must have booked profit and exited their respective positions.

Vishnu Prakash R Punglia will debut on the exchanges on Tuesday. Ahead of the listing, the stock is trading at a premium of Rs 54 in the unlisted market, indicating listing gains of about 54% over the issue price. However, it is important to note that grey market premiums are just an indicator of how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The IPO was priced at Rs 99 at the upper end.

Offer for Sale (OFS) of up to 5,50,000 shares. ROX Hi-Tech intends to raise funds through the SME IPO for setting up a Network Operations Centre (NOC) & Security Operations Centre (SOC) at Chennai, setting up a Chennai Medical Automation Centre, setting up a Global Software Delivery Center at Noida and strengthen the working capital requirements.

Ratnaveer IPO: The initial public offering (IPO) of Ratnaveer Precision Engineering Limited has opened today and it will remain open for bidding till 6th September 2023. The engineering company has fixed Ratnaveer IPO price at ₹93 to ₹98 per equity share and it aims to raise ₹165.03 crore from this public issue. The book build issue is proposed for listing on BSE and NSE.

Arkade Developers is planning to raise up to Rs 430 crore through initial public offering (IPO) and has filed its papers with market regulator the Securities and Exchange Board of India (SEBI). The company is planning to utilize the net proceeds towards development of their ongoing and upcoming projects, funding acquisition of future real estate projects and general corporate purposes. As of July end, the Mumbai-based developer has developed 1.80 million sq ft of residential properties including alliances where it holds majority stake. While the company's initial projects were stand-alone residential buildings, their current portfolio of ongoing projects includes five gated communities. Arkade Developers' revenue in the financial year 2023, 2022 and 2021 stood at over Rs 224 crore, Rs 237 crore, and Rs 113 crore, respectively. Unistone Capital is the sole book running lead manager to the issue.

Turns out there was solid demand for Ventia Services Group’s shares at 3.6 per cent discount on Friday evening, paving the way for one of its IPO vendors to take more money off the table that it initially planned.