IPO Financial News

₹6,000 crore to investors from the pre-initial public offering (IPO) fund. It expects to fully monetize the first fund from its pre-IPO franchise within one year, said a top company executive. “The (first) series is starting to mature over this 12 month period, hence we are returning capital and will fully exit these positions in the course of the next 12 months," Sameer Nath, chief information officer, 360 One Asset, said.

The IPO, which closes on September 6, comprises fresh equity of 1.38 crore shares and an offer for sale (OFS) of 30.4 lakh shares. Under the OFS, promoter Vijay Ramanlal Sanghavi will sell 30.4 lakh shares. The company has fixed a price band of Rs 93-98 per share and at the upper end, it is planning to raise Rs 165 crore. About 50% of the offer is set aside for qualified institutional buyers, 15% is reserved for non-institutional investors, and 35% for the retail category.

1) Company OverviewThe company is engaged in the business of manufacturing and supplying polypropylene woven fabric-laminated, polypropylene woven sacks, PP woven bags, PP woven bags with liners, printed laminates for flexible packaging, woven polymer-based products of different weights, sizes, and colors as per customer’s specifications.2) Industry OverviewIn India, packaging is the fifth largest sector in its economy and is one of the highest-growth sectors in the country. According to the Packaging Industry Association of India (PIAI), the sector is growing at a CAGR of 22% in the last few years.3) Issue sizeThe IPO is entirely a fresh equity issue of up to 7.2 lakh equity shares aggregating to Rs 5.76 crore.4) Price BandThe company will offer its shares at a price band of Rs 80 apiece, and investors can bid for 1,600 shares in one lot.5) Financial performanceFor the period ending December 2022, the company has recorded revenues of Rs 13.52 crore and net profit of Rs 57 lakh.6) Objects of the offerThe net proceeds from the public offer will be used to meet working capital requirements and other general corporate purposes.7) Lead managers and RegistrarHem Securities is acting as the lead manager to the issue, while Purva Sharegistry 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 6 and closes on September 8.

In the current week, IPOs of three companies including Ratnaveer Precision Engineering, Jupiter Life Line Hospitals, and EMS Ltd, will open for subscription.Ratnaveer Precision Engineering IPO, which opens on September 4 and closes on September 6, comprises a fresh equity issue of 1.38 crore shares and an offer for sale (OFS) of 30.4 lakh shares. The total mop-up through the issue will be Rs 165 crore. The company is a stainless steel product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes, and tubes.

Sensex and Nifty50 ended the week on a high, with metals, realty, and auto stocks outperforming others. Amid a host of important domestic and global events lined up for this week, here's what lies ahead for the stock markets. «Domestic equities cheered impressive growth in India's Q1 GDP and core sector output. Nifty opened positive on Friday and strengthened during the day to close near the day’s high.

technology companies to make over 30 billion chips annually, powering 99% of the world’s smartphones and everything from the tiniest of sensors to the most powerful supercomputers.oftThis story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

₹6.06 lakh crore widened to 33.9 per cent on year and the eight core sectors posted a growth of 8 per cent in July which is slightly lower than 8.2 per cent posted in June. On the macro front, some of the key factors that will be in focus in the coming days are India’s S&P global services PMI, forex reserves data, Euro zone S&P global composite PMI, UK Services PMI, Euro Zone Q2 GDP, US factory orders, S&P global US services PMI, crude oil prices, foreign and domestic investors' activities will drive the market, according to analysts. In the coming week, four initial public offerings (IPO) await the bourses among main board and small-and-medium enterprises (SME) segment.

SoftBank has lined up some of Arm’s biggest customers as strategic investors for the chip company’s initial public offering, including Apple, Nvidia, Intel and Samsung Electronics, according to people familiar with the situation.

IPOs Next Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week opens the market buzz for September, which is similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription.

Jyoti CNC Automation Ltd has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI). The CNC machine manufacturer plans to raise ₹1,000 crore through its initial public offering (IPO). The company's maiden public issue is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the preliminary papers filed by the company.

Vishnu Prakash IPO: After announcement of share allocation all eyes are now set on Vishnu Prakash IPO listing date, which is most likely on 5th September 2023, i.e. on Tuesday next week. Meanwhile, after announcement of Vishnu Prakash IPO allotment status, grey market has gone bullish on the public offer.

Rishabh Instruments IPO: Bidding for initial public offering (IPO) of Rishabh Instruments Limited ended on 1st September 2023. In three days of bidding, the book build issue received strong response by investors, especially in QIB segment. As per the Rishabh Instruments IPO subscription status, the public issue overall got subscribed 31.65 times.

Ratnaveer Precision Engineering Limited IPO: The initial public offering (IPO) of Ratnaveer Precision Engineering Limited is going to hit primary markets on 4th September 2023, which means the book build issue will open for subscription on Monday next week. The public issue will remain open for bidders till 6th September 2023 i.e. till Wednesday next week.

Tata Technologies IPO: The capital market regulator Securities and Exchange Board of India 9SEBI) has given its approval for the launch of Tata Technologies IPO (initial public offering). As it around a month since market regular gave its approval for Tata Technologies IPO launch, experts are expecting Tata Technologies IPO launch date anytime in this month as it takes around one to two months for the launch of IPO after SEBI's approval. Meanwhile grey market has also remained steady in regard to Tata Technologies IPO.

IPO), ahead of its roadshow with investors next week, according to people familiar with the matter. Arm, the chip designer owned by SoftBank Group Corp, is expected to set a price range for its offering next week, the sources said. Arm plans to price its shares on Sept. 13, with stock trading on the Nasdaq to start the following day.

Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc have agreed to invest in the chip designer's initial public offering, according to people familiar with the matter. Intel Corp, Samsung Electronics Co Ltd, Cadence Design Systems Inc and Synopsys Inc have also agreed to participate as investors in the offering, the sources added. The talks are ongoing and some other potential investors are also in discussions to invest in the IPO, the sources added. SoftBank Group Corp, which owns Britain-based Arm, is targeting a valuation between $50 billion and $55 billion, Reuters reported earlier on Friday.

SoftBank Group Corp. has lined up some of Arm Ltd.’s biggest customers as strategic investors for the chip company’s initial public offering, including Apple Inc., Nvidia Corp., Intel Corp. and Samsung Electronics Co., according to people familiar with the situation.

By Echo Wang

Saudi Arabia’s on-again, off-again plans to list more shares of Aramco, the world’s most valuable oil company, appear to be on again. The kingdom is considering selling a stake of as much as $50 billion, people familiar with the potential deal said, an amount that would be the largest offering in the history of capital markets. After monthslong consultations with advisers, the kingdom has decided to host any new Aramco offering on the Riyadh exchange to avoid legal risks associated with an international listing, according to Saudi officials and other people familiar with the plan.

₹63 per equity share and the share will be listed on the NSE SME exchange Wednesday, September 13. Pramara Promotions IPO, which is worth ₹15.27 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 fund the following goals, such as to fund working capital requirements and meet general corporate purposes.

Sebi to raise funds through an IPO. The company’s IPO comprises a fresh issue of 430 crore. Arkade Developers is a leading real estate development company with a significant presence in Mumbai. Its operations are concentrated on the development of premium aspirational lifestyle residential premises in the region. As of July 31, they have developed 1.80 million square feet of residential property (including through partnership entities in which Arkade holds the majority stake).