IPO Financial News

https://ipo.bigshareonline.com/ipo_status.html Login at direct Bigshare link — https://ipo.bigshareonline.com/ipo_status.html Select "Sahaj Fashions IPO" in company name section. Select 'Application No/CAF No or Beneficiary ID or PAN Number. Click at 'Search' Your Sahaj Fashions IPO allotment status will become available on your computer monitor on the display of your cell phone.

₹430 crore through an Initial Public Offering (IPO). The company proposes to use the net proceeds towards the development of their ongoing projects, upcoming projects and funding acquisition of future real estate projects and general corporate purposes. As per the DRHP, the company's maiden public issue is entirely through a fresh issue of equity shares with no Offer For Sale (OFS) component.

Dr Ankit Thakker, CEO, Jupiter Life Line Hospital, says: “We believe in the next two and a half odd years, we should be able to commission Dombivli. On the revenue side, we think each and every hospital that we build should be designed as a flagship hospital and each of them should be able to contribute at the same level as any other. Once Dombivli gets matured, it is designed in size, scale and scope to do as well as Thane or any other hospital.”Firstly, let me ask you about your IPO funds. We understand that you will be using the IPO funds to partially repay the debt. What will the debt be after the repayment and also, would you tell us the savings or interest costs on account of the repayment?We will be debt free post the IPO. We are going to pay down all the debt so pretty much the entire interest portion and the outflow for the principal repayment will be free cash in our hands.

IPO subscription status: Rishabh Instruments IPO was subscribed 31.48 times on day 3 so far. Rishabh Instruments IPO opened for subscription on Wednesday, August 30, and will close today (Friday, September 1.) Rishabh IPO received overwhelming response from Qualified institutional buyers (QIBs) on the final day. Retail investors and non-institutional investors (NIIS) on day 3 also responded positively.

The category reserved for retail investors was subscribed 5.46 times, and that of non-institutional investors was booked 14.93 times. The demand from qualified institutional buyers, which was muted for the first two days, also gained momentum with 4.21 times subscription. According to market analysts, the company's shares are trading at a premium of Rs 53 in the unlisted market. Analysts advised investors to subscribe to the issue for the long term as the company is backed by strong manufacturing capabilities, a diverse product portfolio, and strong financials. «Taking into consideration weak cash flows and low return ratios, the valuations are slightly stretched.

₹695 - 735 per share. The IPO will open for subscription on September 6 and close on September 8. The anchor book for the Jupiter Life Line IPO will open on September 5.

Basilic Fly Studio IPO: The initial public offering (IPO) Basilic Fly Studio Limited opened for subscribers today and it will open for bidding till 5th September 2023. The VFX studio headquartered in Chennai has fixed Basilic Fly Studio IPO price band at ₹92 to ₹97 per equity share and the company aims to raise 66.35 crore from its initial offer. The book build issue is proposed for listing on NSE SME exchange and the SME IPO has received strong response on day one of the public issue opening.

Rishabh Instruments IPO: The initial public offering (IPO) of Rishabh Instruments Limited opened for bidding on 30th August 2023 and it will remain open for subscribers till 1sst September 2023. This means, investors have just one day in hand to apply for the public offer as Rishabh Instruments IPO subscription date is ending today evening. In two days of bidding, the Rishabh Instruments IPO subscription status reveals that the book build issue has been subscribed 2.46 times whereas its retail portion has been subscribed 2.79 times.

Day trading guide for today: Following mixed global market sentiments, Indian stock market swing between gains and losses on Thursday session and finally ended in red territory. NSE Nifty snapped its three days winning streak and finished 93 points lower at 19,253 whereas BSE Sensex dipped 255 points and closed at 64,831 levels.

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₹4,000 crore, Parth Jindal, managing director of JSW Cement Ltd, said in an interview. “In 2024, we are planning to take this company public, for which we will be filing the DRHP (draft red herring prospectus) in the next six months. We will be timing the market listing after the national elections," Jindal added.

₹84 per equity share and the share will be listed on the NSE SME exchange Wednesday, September 13. Saroja Pharma IPO, which is worth ₹9.11 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 setting up of manufacturing unit, to repay debt, to meet public issue expenses.

₹250 per share, 201.2 percent higher than the issue price of ₹83. Sungarner Energies shares extended gains post listing and were locked at 5% upper circuit following stellar debut. Sungarner Energies share price touched an intraday high of ₹262.50 and low of ₹237.50.

IPO listing date has been fixed for Tuesday, September 5 on NSE and BSE. If you applied for the shares, here's how you can check allotment status of Vishnu Prakash IPO. If you have applied for the Vishnu Prakash IPO, you can check your Vishnu Prakash IPO allotment status immediately on the website of the IPO registrar, Link Intime India Private Ltd.

IPO subscription status: Rishabh Instruments IPO was subscribed 1.83 times on day 2 so far. Rishabh Instruments IPO opened for subscription on Wednesday, August 30, and will close on Friday, September 1. Rishabh IPO received positive response from retail investors and non-institutional investors (NIIS) on day 2.

The IPO comprises fresh issue of equity shares worth Rs 542 crore and an offer for sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders. Earlier this month, Jupiter Hospital mobilised Rs 123 crore from institutional investors in the pre-IPO round and accordingly the fresh issue size was reduced. Proceeds of the fresh issue will be utilised to retire debt. Besides, funds will be used for general corporate purposes. The hospital chain operates in Thane, Pune and Indore under the «Jupiter» brand with a total bed capacity of 1,194 as of December 2022. Jupiter Hospital, which has a strategic focus on the western India healthcare market, is in the process of developing a multispecialty hospital in Dombivli, Maharashtra, which is being designed to accommodate over 500 beds. ICICI Securities, Edelweiss Financial Services, and JM Financial are the book-running lead managers to the issue.

Basilic Fly Studio IPO: The initial public offering (IPO) of Basilic Fly Studio Limited is going to hit primary market on 1st September 2023 i.e. on tomorrow and it will remain open for subscribers till 5th September 2023. The company has fixed Basilic Fly Studio IPO price band at ₹92 to ₹97 per equity share and the company aims to raise ₹66.35 crore from this book build issue.

Aeroflex Industries witnessed heavy selling after a bumper stock market debut on Thursday. The stock, which was last trading 16% lower on BSE, had listed at a robust premium of 83% following a solid response to its IPO. Analysts say the impressive listing performance can be attributed to its dominant position in the market, characterized by substantial entry and exit barriers. Aeroflex Industries has an export-oriented business model, and it generates around 80% of its revenue from exports alone. «The company plans to expand its global and domestic businesses, and it is investing in new technologies to improve its products.

Chakri Lokapriya, CIO & MD, TCG AMC, says “just like Bhel is going through a new lease of life, so is PFC and REC. I remember participating as an anchor investor in IPOs of these companies and they were priced at one-and-a-half times book then. Today, they trade at less than 0.7 times book, half the valuation. Now, with the growth rates exceeding what it did in the past, it is just a matter of time before the stock even trades closer to its book value and higher, which means there is still a lot more upside from current levels.”We were looking at the streak of order wins from a company like Bhel and that has been pretty phenomenal since the start of the year. Just recently, they bagged a fairly sizable order in their kitty. What would be your outlook given that for the longest period of time, this was one of the slowest moving stocks? What is your view on Bhel? Bhel has got a new lease of life with a renewed interest in power and India has always been a power-deficient country, but now it is a combination of both thermal and green energy.

Aeroflex Industries debuted at a strong premium of 82.8% at Rs 197.4 on BSE in Thursday's trade over the IPO price of Rs 108. On NSE, the stock listed at Rs 190, up 76% over the issue price. Ahead of the listing, the shares commanded a premium of Rs 65 in the unlisted market. The IPO of Aeroflex Industries saw a robust response, driven by healthy demand across categories.

For Herbert Smith Freehills partners Tony Damian and Amelia Morgan, the opportunity to shape the debate on corporate law reform was too good to pass up.