IPO Financial News

IPO listing date has been fixed on 31st August 2023. As per the information available on BSE notice, effective from Thursday, August 31, 2023, the equity shares of Aeroflex Industries Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' group of securities.

HPCL/IOL: Minister of Petroleum and Natural Gas, Hardeep Singh Puri stated on 30 August that the government would bear the cost of the promised ₹200 price decrease on household cooking gas cylinders, relieving the oil marketing companies of the impending loss of ₹7,500 crore. As a gift for the women in advance of Raksha Bandhan, the Union Cabinet on Tuesday lowered by 200 rupees the price of a 14.2 kilogramme LPG cooking gas cylinder. The decision was made as criticism of the Centre for its handling of rising inflation has grown.

shares of at least 10 companies could find their way into the open market in September as the deadline for investors to compulsorily hold these shares bought through pre-Initial Public Offer (IPO) placements ends. Computer Age Management (CAMS), Concord Biotech, SBFC Finance, Happiest Minds, Route Mobile, and Chemcon Speciality, are among the companies whose shares could see sellers during the month. Ending of the lock-in period does not necessarily mean investors who received shares in the pre-IPO sale will offload their entire holdings.

Also Read: IPOs this week: Saroja Pharma IPO to Basilic Fly Studio IPO - three issues open; details here You can check the Sahaj Fashions 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 "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.

₹93 to ₹98 per equity share of face value of ₹10 each. Ratnaveer IPO lot size is 150 equity shares and in multiples of 150 equity shares thereafter. Ratnaveer Precision Engineering IPO cap price shall be at least 105% of the floor price and shall not exceed 120% of the floor price, and the floor price is to be determined and justified by the company and the promoter selling shareholder in consultation with the Book Running Lead Manager (BRLM), the company said in its Red Herring Prospectus (RHP).

₹26 to ₹28 per equity share and the Mono Pharmacare shares will get listed on Thursday, September 7 on NSE SME. Bids can be made for a minimum of 4,000 equity shares and in multiples of 4,000 equity shares thereafter. Mono Pharmacare Limited IPO cap price shall be at least 105% of the floor price, according to Red herring prospectus (RHP).

IPO subscription status: Rishabh Instruments IPO was subscribed 65% on day 1 so far. Rishabh Instruments IPO opened for subscription today (Wednesday, August 30), and will close on Friday, September 1. Rishabh IPO received decent response from retail investors and non-institutional investors (NIIS) on day 1.

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.

₹70 per share. This indicates CPS Shapers share price were trading at a premium of ₹70 in the grey market today, according to topsharebrokers.com. Considering the IPO price band and the current premium in the grey market, the estimated listing price of CPS Shapers share is ₹255 apiece, which is 37.84% higher than the IPO price.

offer for sale of up to 2,21,10,955 equity shares (Face Value of ₹ 2) by Promoter selling shareholder and other selling shareholder (“Offer for sale")," the company said in a statement. The OFS will constitute up to 10.44 million shares by Siddharth Jain, up to 5 million shares each by Pavan Kumar Jain and Nayantara Jain, up to 1.2 million shares by Ishita Jain and 2.3 lakh shares by Manju Jain.

IPO listing date has been fixed on August 31. Aeroflex Industries raised ₹351 crore from the initial share sale. The current trends in the grey market indicate a strong listing for Aeroflex Industries shares on BSE and NSE.

Cryogenic tank maker Inox India Ltd has filed preliminary papers with capital market regulator Sebi to mop up funds through an initial public offering.

₹142.50 apiece on the BSE SME as against the issue price of ₹75.00 per share. Bondada Engineering doubled IPO investors money on debut as the shares were locked at 5% upper circuit at ₹149.62 after listing, leading to gains of 99.49% from issue price. Bondada Engineering IPO was an SME IPO and was open from August 18 to August 22.

₹55.95 apiece on NSE Emerge, a premium of 7.59% to the issue price of ₹52 per share. Crop Life Science is engaged in the business of manufacturing, distributing, and marketing agrochemical formulations. The SME company had launched its initial public offering (IPO) on August 18 to raise ₹26.73 crore from the primary market.

Ahead of the IPO opening, the company raised Rs 147 crore from anchor investors, where marquee funds, including HDFC MF, Nippon MF, Quant MF and Tata MF among others participated. Analysts advised investors to subscribe to the issue for the long term as the company is backed by strong manufacturing capabilities, diverse product portfolio and solid financials. «Rishabh Instruments stands as a global leader in manufacturing and supplier of analog panel meters and low voltage current transformers. We recommend a 'Subscribe' to the issue from the view of listing gains as well as for the long term,» said Hensex Securities. The Rs 491 crore IPO comprises a fresh equity issue of Rs 75 crore and an offer for sale (OFS) of up to 94.28 lakh shares, which comes to about Rs 416 crore. The issue is priced in the range of Rs 418-441, where investors can bid for a minimum of 34 shares in one lot and in multiples thereafter. About 50% of the offer is set aside for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors. Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision-engineered products etc., with diverse applications across industries including power, automotive and industrial sectors. The company is a global leader in the manufacturing and supply of analog panel meters, and they are among the leading global companies in terms of manufacturing and supply of low voltage current transformers. «At the upper price band, the company is valuing at P/E of 34.3x FY23 earnings with a market cap of Rs 1674 crore post issue of equity shares and return on net worth of 11.67%.

₹418 to ₹441 per equity share of face value of ₹10 each. The IPO lot size is 34 equity shares and in multiples thereafter. The public offer comprises a fresh issue of equity shares worth ₹75 crore and offer for sale (OFS) portion aggregating to 9.43 million equity shares of ₹415.78 crore.

Reliance Industries in its annual general meeting on Monday. Some brokerage houses critiqued the absence of a roadmap for listing of Reliance Jio and Reliance Retail entities.

real estate, metals, and auto sectors. Nifty Realty, Auto, Metal, Consumer Durables ended in green with 0.63% to 1.7% gains. "Domestic indices traded in positive territory for the second consecutive day amid gains in global equities.

IPO. The stock listed at a mild premium of 13% over the issue price. However, it came under selling pressure post the listing and was locked in a 5% lower circuit. On day one, the shares closed just 5.8% higher than the IPO price of Rs 166. Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (polymer drums) mainly used by chemical, agrochemical, specialty chemical, and pharmaceutical companies for their packaging requirements. The company has a strong brand presence and a wide customer base, and it is also expanding its operations.

MUMBAI/ NEW DELHI : Billionaire Sunil Mittal backed telecom services provider Airtel Uganda Ltd, a subsidiary of Airtel Africa plc, plans to raise 800 billion Ugandan shillings or $216 million in an initial public offering (IPO), it said in a statement Tuesday. The company set the price for its initial public offering (IPO) at 100 Ugandan shillings (UGX) apiece, and will offer up to 20% stake or 8 billion shares, the company told the Uganda Securities Exchange. The IPO also fulfills regulatory requirements under which the company has to mandatorily list by 16 December.

₹147 crore from anchor investors today. Rishabh Instruments IPO will open for subscription tomorrow (Wednesday, August 30), and will close on Friday, September 1.