IPO Financial News

Pyramid Tecnoplast IPO: The initial public offering (IPO) of Pyramid Tecnoplast Ltd opened for subscribers on 18th August 2023 and it will remain open for bidders till 22nd August 20223. This means, investors have just one day in hand to apply for the public issue as bidding for the issue will end on Tuesday evening i.e. today.

Analysts gave a thumbs-up to the issue as it offers a favourable risk-reward ratio for long-term investors, given its unique business model, decent return ratios and margins. «We are confident that Aeroflex Industries will deliver consistent performance and provide an excellent investment opportunity for investors with a long-term horizon,» said Profitmart Securities. The company, which is backed by marquee investor Ashish Kacholia and others, plans to raise Rs 351 crore at the upper price band of Rs 108. Aeroflex Industries is a market leader in the field of metallic flexible flow solutions, offering a comprehensive range of products including corrugated stainless steel hoses and interlock flexible metal hoses. The company has grown at more than 37% revenue CAGR in the last three years, operating at more than 4.85 times asset turnover, over 20% EBITA margins and generating approximately 32% ROCE. «Aeroflex Industries has exhibited impressive financial growth and established strong client relationships, holding a dominant market position in India. With the support of seasoned promoters, prominent HNI investors, and a forward-looking strategy, it is excellently poised for enduring success within the burgeoning flexible flow solutions sector,» said AUM Capital. The IPO, with a face value of Rs 2 per equity, is priced in the range of Rs 102-108.

Aeroflex Industries Ltd on Monday said it has collected close to Rs 104 crore from anchor investors ahead of its initial public offering (IPO). The company has decided to allocate 95.99 lakh equity shares to 15 funds at Rs 108 apiece, which is also the upper end of the price band, according to a circular uploaded on the BSE website. Societe Generale, Winro Commercial India Fund Ltd, Universal Sompo General Insurance Company Ltd, Nippon India Mutual Fund, WhiteOak Mutual Fund, Bank of India Mutual Fund and Invesco Mutual Fund are among the anchor investors. The IPO consists of a fresh issue of equity shares worth up to Rs 162 crore and an Offer for Sale (OFS) of up to 1.75 crore equity shares by promoter Sat Industries. At present, promoter and promoter group members own over 91 per cent stake in the company. The maiden public issue, a price band of Rs 102-108 a share, will open for subscription on August 22 and conclude on August 24.

“We agree that new-age businesses are key for growing the Indian markets and economy,” says Prashant Bisht, Deputy CIO at True Beacon. In an interview with ETMarkets, Bisht said: “India is home to 108 unicorns, and almost 60% of the firms were established in the past few years; these firms are collectively valued at over $340 billion and have made sizeable contributions to the economy” Edited excerpts:Market seems to be consolidating after hitting record highs. What is your take on markets? Indian markets (i.e., NIFTY50) have been scaling new highs every month since the close of March 2023.

Aeroflex Industries IPO: The initial public offering (IPO) of Ashish Kacholia-backed company Aeroflex Industries Ltd has hit primary market today. The public issue will remain open for bidding till 24th August 2023. The company has fixed Aeroflex Industries IPO price at ₹102 to ₹108 per equity share and it aims to raise ₹351 crore from the initial public offer.

Also Read: SoftBank’s Arm files for IPO that is set to be 2023’s biggest Additionally, Goldman Sachs is also pursuing the sale of its fintech business, GreenSky, and has sold the bulk of its unsecured consumer loans after it halted this category of lending last year, the Reuters report added. The shift in the bank’s strategy comes after CEO David Solomon restructured the company into three distinct units last year.

Indian stock market is expected to open on a flat note on Tuesday following gains in Asian peers amid mixed global cues. The Asian markets traded mostly higher, while the US stocks ended mixed overnight, even as the treasury yields soared to 15-year high levels. On Monday, domestic equity indices, Sensex and Nifty ended with decent gains, snapping a two day losing streak.

Also Read: 6 things that changed for market overnight: Gift Nifty, Treasury yields, Arm IPO to global market cues for Sensex today Here’s what to expect from Nifty and Bank Nifty today: The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19,250. “A breach below this level could potentially spark unease within the market, causing concerns among investors. However, as long as the index holds above the 19,250 mark, there is a potential upward trajectory towards the 19,500 level.

Also Read: SoftBank sells its stake in IPO-bound FirstCry for ₹435 crore A successful debut by Arm would provide a windfall for SoftBank founder Masayoshi Son, whose Vision Fund lost a record $30 billion last year. It could also spur dozens of startups to pursue — or further delay — their own IPO plans. That includes companies like online grocery-delivery firm Instacart Inc.

DRHP) with capital market regulator Sebi to raise funds through an initial public offering (IPO). The IPO with a face value of ₹2 each is entirely an offer for sale (OFS) of up to ₹900 crore by the promoter and promoter group shareholders. The OFS comprises of sale of shares of up to ₹383 crore by Vishal Rakesh Agrawal, up to ₹383 crore by Rahul Rakesh Agrawal, and up to ₹134 crore by Geetganga Investment Private Limited. The offer is being made through the book building process, wherein not more than 50% of the offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers, 15% for allocation to non-institutional bidders and 35% shall be available for allocation to retail individual bidders. Founded in 1999, Shiva Pharmachem, is led by its founders Rakesh Agrawal, non-executive chairman, Vishal Agrawal, MD, and Rahul Agrawal, non-executive director. As of FY23, it serves over 181 multinational and domestic companies across 22 countries. Its prominent markets include Germany, the US, Switzerland, Italy, and Mexico.JM Financial and Kotak Mahindra Capital are the book running lead managers and Link Intime India is the registrar to the offer.

(Reuters) — Arm, the British chip designer owned by Japan's SoftBank (TYO:9984) Group, on Monday disclosed its financial details in a filing with the U.S. Securities and Exchange Commission for an initial public offering.

Sahaj Fashions IPO: Sahaj Fashions' initial public offer (IPO) opens for subscription on Friday, August 25 and closes on Tuesday, August 29. The small-to-medium enterprises (SME) IPO is a fixed price issue and the issue size is ₹13.96 crore. Sahaj Fashions IPO is a fresh issue comprising 4,476,000 shares of the face value of ₹10, aggregating up to ₹13.43 crore.

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.

Singapore buyout group Southern Capital is preparing to test buyer appetite for its medical practices business, Qualitas Health, appointing Bank of America to assist with the transaction.

Aeroflex Industries IPO: Aeroflex Industries said in a statement on August 21 that it has raised ₹103.68 crore from anchor investors a day ahead of its IPO subscription opening for bidding. Aeroflex Industries initial public offering (IPO) will open for subscription on Tuesday, August 22 and close on Thursday, August 24.

₹48 per equity share at the face value of ₹10 each. Bids can be made for a minimum of 3,000 equity shares and in multiples of 3,000 equity shares thereafter. Shoora Designs IPO is a fresh issue comprising 4,23,000 equity shares of the face value of ₹10, aggregating upto ₹2.03 crore.The company intends to utilise the net proceeds from the issue towards working capital requirements and general corporate purposes.

₹75 per equity share of face value of ₹10 each. Bids can be made for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter. Bondada Engineering IPO issue price is 7.5 times the face value of the equity share.

₹94 to ₹99 per share. The IPO subscription, which commences on August 24, will close on Monday, August 29. At the upper end of the price band, the company plans to raise ₹308.88 crore from the public issue.

Also Read: Crop Life Science IPO open now: Check GMP, subscription status on day 1, other details to know Crop Life Science Limited IPO GMP today or grey market premium is -4. This indicates that the shares of Crop Life Science IPO GMP were trading at a discount of ₹4 in the grey market on Monday, according to topsharebrokers.com. Considering the upper end of the Crop Life Science price band and the current premium in the grey market, the estimated listing price of Crop Life Science ltd share price is ₹48 apiece, which is 7.69% lower than the Crop Life Science ltd share of ₹52.

IPO Subscription Status: Pyramid Technoplast IPO was subscribed 5.16 times on day 2. Pyramid Technoplast IPO opened Friday, August 18 and will close on Tuesday, August 22. Pyramid Technoplast IPO received overwhelming response from retail investors and non-institutional investors (NIIS) on day 2.

ET Intelligence group: Aeroflex Industries, a manufacturer of steel based flexible hoses used in industries, plans to raise unto Rs 162 crore through fresh issue of shares to reduce debt and enhance working capital and upto Rs 189 crore in an offer of sale by promoters. Their shareholding will fall to 67% after the IPO from 91%.