IPO Financial News

macroeconomic events influencing the secondary markets, the primary market seems to be still witnessing some excellent listings, subscription status in both main board and SME IPOs. Investors and traders are paying close attention to the primary markets as well apart global events such as Jackson Hole Economic Symposium on Friday, which would provide clues about the future path of interest rates. There are two mainboard issues this week, Vishnu Prakash IPO, which will open for subscription today, and the Aeroflex Industries IPO, which started for subscription on Tuesday, August 22.

The company has fixed a price band of Rs 94-99 per share and investors can bid for a minimum of 150 shares in one lot and in multiples thereafter. Analysts recommended investors to subscribe to the issue as the company has a healthy order book and industry tailwinds are expected to aid its profitability in the coming years. «On the valuation front, we believe the company is fairly priced. We recommend a „subscribe–long term“ rating to the IPO,» said Anand Rathi. Vishnu Prakash R Punglia is a construction company that is primarily engaged in infrastructure projects for the central and state governments.

₹94 to ₹99 per equity share and book build issue has made debut in grey market as well. According to market observers, shares of Vishnu Prakash R Punglia Limited are available at a premium of ₹65 per equity share in grey market today. 1] Vishnu Prakash IPO GMP today: According to market observers, Vishnu Prakash IPO grey market premium (GMP) today is ₹65.

₹351 crore worth Aeroflex Industries IPO comprises a fresh issue of equity shares up to ₹162 crore and an offer-for-sale (OFS) of up to 1.75 crore equity shares by the promoters selling shareholders and promoter group. Aeroflex Industries IPO price band has been fixed at ₹102 to ₹108 per equity share. Bids can be made for a minimum of 130 equity shares and in multiples of 130 equity shares thereafter.

It may be August but next year’s initial public offering pipeline is already revving up.

Proxy advisory Morrow Sodali is eyeing a potential tie-up with Alliance Advisors, a move designed to beef up the business ahead of a possible Wall Street initial public offering.

Shares of TVS Supply Chain Solutions were listed at ₹206.30 on Wednesday, a premium of 4.7% to its offer price of ₹197. The stock ended at ₹ 200.95, 2% higher than the offer price. The ₹880-crore initial public offering of TVS Supply Chain Solutions was subscribed 2.78 times earlier this month.

By Echo Wang and Anirban Sen

₹91.77 crore from anchor investors on Wednesday. Its initial public offering (IPO) will open for public subscription on Thursday, August 24, 2023. The issue will close on Monday, August 28, 2023.

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 Friday, August 25, for individuals not given shares.

solar panels. Sungarner Energies Ltd offers its clients engineering, design, and solution-related services. Additionally, the company offers a variety of services, including the operation and maintenance of solar power generation systems and projects involving solar power plants.

₹300 crore and an offer-for-sale (OFS) of up to 8.42 million equity shares by the promoters and other selling shareholders, which has a face value of ₹2 per equity share. The amount of equity shares up for sale includes up to 1. million shares by Goutam Rampelli, 8.67 lakh shares by Dipak Kacharulal Bharuka, 2.18 million shares by JNK Heaters Co.

IPO subscription status : Ashish Kacholia backed Aeroflex Industries Limited IPO was subscribed 21.10 times on day 2. Aeroflex Industries IPO opened for subscription on Tuesday, August 22 and will close on Thursday, August 24. Aeroflex Industries IPO again received overwhelming response from non-institutional investors (NIIS) and retail investors on day 2.

rupee posted its biggest one-day gain in more than two months on Wednesday, traders said, likely due to dollar inflows into the equity markets while state-run banks also sold the greenback. The rupee closed up 0.3% at 82.6850 to the dollar, compared with its close of 82.9350 in the previous session. State-run banks selling the greenback, especially in the last hour or so, pulled the pair down, a trader with a state-run bank said. In a move to reduce pressure on the local unit, India's central bank has also asked some banks to stop taking fresh arbitrage positions in the non-deliverable forwards (NDF) market, sources told Reuters. «I have been hearing about IPO and QIP flows but difficult to know for sure in this kind of price action,» a senior forex trader at a private bank said. The rupee managed to hold above 83 despite the dollar's advance against most Asian peers. A move higher on near-maturity U.S. Treasury yields hurt demand for Asian currencies, while the dollar index hovered near 103.90. A resilient U.S.

IPO. The issue comprises fresh equity of up to Rs 300 crore and an offer for sale (OFS) of up to Rs 84.2 lakh worth shares.

IPO) of Vishnu Prakash R Punglia will open for subscription on Thursday. The issue, which closes on August 28, is entirely fresh equity up to 3.12 crore shares. Ahead of the IPO opening, the company's shares are trading at a premium of Rs 44 in the unlisted market. Jodhpur-based Vishnu Prakash R Punglia is an integrated engineering, procurement and construction (EPC) company, which specialises in water supply projects. It owns a fleet of about 484 construction equipment assets which includes crushers, excavators, loaders, dozers, paver machines, ready mix concrete plants, concrete mixtures, cranes, tractors and transportation vehicles from some of the leading suppliers. The company has fixed a price band of Rs 94-99 per share and investors can bid for a minimum of 150 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. As on July 15, 2023, the company has 51 ongoing projects with total work awarded amounting to Rs 6,183 crore, of which Rs 2,384 crore worth of work has been executed and the remaining work amounting to Rs 3,799 crore constitutes the order book. As on March 31, 2023, their equipment fleet comprised about 499 construction equipment and vehicles.

Zomato, Paytm, PB Fintech, Nykaa, Delhivery and others have seen rising interest from foreign investors over the past one year as these companies seem to have been improving their business models and reporting decent growth with operational efficiencies. The Foreign Portfolio Investors (FPI) have raised their shareholding in these new-age tech companies, as seen in the June quarter shareholding pattern.

debut on bourses on Wednesday. TVS Supply Chain shares were listed at a premium of 5.1 per cent at ₹207.05 apiece on the NSE with respect to the issue price of ₹197 per share. On BSE, TVS Supply Chain Solutions shares were listed at ₹206.30, a 4.72 per cent premium to the issue price.

₹207.05 apiece on the NSE, a premium of 5.1% to the issue price of ₹197 per share. On BSE, TVS Supply Chain Solutions shares were listed at 4.72% premium to the issue price at ₹206.30 apiece. TVS Supply Chain IPO witnessed a decent subscription during August 10 to August 14.

Angel One. Mazagaon Dock will see the three-year share lock-in opening on October 9, as per the report. After an IPO is listed, investors are required to keep the shares for a certain period of time.

₹880 crore-worth TVS Supply Chain IPO, which was open from August 10 to August 14, received decent response from investors as the public issue was subscribed 2.85 times in total. TVS Supply Chain share listing will take place on BSE and NSE today. Ahead of the TVS Supply Chain IPO listing today, let us take a look at what GMP, or grey market premium indicates about the estimated listing price.