IPO Financial News

16.08 / 12:55

UPS IPO band blues Backed week Ashish Kacholia backed Aeroflex Industries IPO opens next week, check key dates to price band

₹269.4 crores, according to Red Herring Prospectus (RHP). EBITDA for the company was ₹54 crores, with a 20.05% EBITDA margin. The company's profit after tax for the fiscal year 2023 was ₹30.1 crores, with a PAT margin of 11.19%.

16.08 / 11:47

UPS IPO AXY Manufacturing Cummins country Auto components maker Happy Forgings files IPO papers with Sebi

IPO comprises a fresh issue of equity shares worth Rs 500 crore and an offer for sale (OFS) of up to 80.55 lakh shares by a promoter and a selling shareholder, according to the draft red herring prospectus (DRHP) filed on Monday. As part of the OFS, 53.7 lakh equity shares will be offloaded by Paritosh Kumar Garg (HUF) and up to 26.85 lakh equity shares by India Business Excellence Fund — III. Also, the company may consider a pre-IPO placement of shares aggregating up to Rs 100 crore.

16.08 / 11:23

UPS IPO Platform band performer open SME IPO: Shoora Designs issue to open on Thursday. 10 things to know about the offer

Shoora Designs will open for public subscription on August 17. The issue closes on August 21.

16.08 / 09:17

COST IPO band cover Pyramid Technoplast IPO: What does the latest GMP signal ahead of IPO opening? Check here

₹153.05 crore worth Pyramid Technoplast IPO price band has been fixed in the range between ₹151 to ₹166 per equity share of face value of ₹10 each. The lot size for the issue is 90 equity shares and in multiples thereof. Pyramid Technoplast IPO comprises fresh issue of 55 lakh shares aggregating to ₹91.30 crore and an offer for sale (OFS) of 37.20 lakh equity shares aggregating to ₹61.75 crore on upper band price of the offer.

16.08 / 08:27

UPS IPO Booking Hawkins Cello World files DRHP for ₹1,750 crore IPO

₹5 is a complete offer for sale (OFS) of up to ₹1,750 crore. The offer includes a reservation of up to ₹10 crore for subscription by eligible employees. It comprises up to ₹300 crore by promoter Pradeep Ghisulal Rathod, and up to ₹670 crore by promoters Pankaj Ghisulal Rathod.

16.08 / 07:33

UPS IPO Target Digital Booking share price SBFC Finance share price extends gain after strong debut on Dalal Street. Buy, sell or hold?

₹81.99 apiece levels, delivering around 44 per cent listing premium to its allottees. On NSE, SBFC Finance IPO listed at ₹82 per share levels. However, the newly listed share didn't end here only.

16.08 / 05:59

IPO band Premium SBFC Finance shares make a decent debut; lists with a premium of 44% at ₹82 apiece on NSE

₹82 apiece on the NSE, a premium of 43.85% to the issue price of ₹57 per share. On BSE, SBFC Finance listing took place at a premium of 43.84% at ₹81.99 per share.

16.08 / 04:45

COST UPS IPO Booking band Premium SBFC Finance shares list at robust premium of 44% over IPO price

SBFC Finance listed at a robust premium of 43.8% on the exchanges in Wednesday's trade. The stock debuted at Rs 82 on NSE over the IPO price of Rs 57 apiece. Meanwhile, on BSE it listed at Rs 81.99 per share.

16.08 / 01:55

IPO Digital band SBFC Finance IPO listing date today. GMP, experts predict over 50% listing gain for allottees

SBFC Finance IPO: Listing date for the initial public offering (IPO) of SBFC Finance Limited has been fixed on 16th August 2023 i.e. today. As per the information available on BSE website, effective from Wednesday, August 16, 2023, the equity shares of SBFC Finance Limited shall be listed and admitted to dealings on the exchange in the list of 'B' group of securities.

16.08 / 01:21

IPO FIVE Merit Directors quitting delays Balaji Amines' Q1 results

Balaji Amines in declaring its June quarter results following the en masse resignation of five independent directors in May has raised concerns among market participants about the company's prospects. The company, once a darling of Dalal Street, informed stock exchanges on Monday about the delay. «In accordance with the Sebi master circular, we would like to submit that there has been a delay in the preparation of the consolidated financial results on account of the unavailability of the management,» said Balaji Amines in an exchange filing.

15.08 / 23:19

IPO FIVE Reuters Racing country Heeding Beijing's call, law firms tone down China risks in IPO applications

HONG KONG (Reuters) -Law firms in China are scrambling to comply with Beijing's new guidance to tone down the language used to describe China-related business risks in companies' offshore listing documents, five people familiar with the matter said.

15.08 / 18:33

IPO Southern Subway Kirklands performer exclusive Deal Bain Capital buys Brazilian steakhouse chain Fogo de Chão in $1.1 billion deal

By Abigail Summerville

15.08 / 16:57

UPS IPO Extreme CEO Chase IPO mkt set for revival with $10.7 bn public float in pipeline

MUMBAI : The country’s primary market may be headed for a revival with at least 71 companies firming up plans to launch their initial public offerings (IPO) in the second half of fiscal 2024, according to Delhi-based primary market tracker Prime Database. According to Prime Database, these companies could raise as much as $10.7 billion or ₹89,069 crore by selling their shares to the public and listing them on exchanges through IPOs in the coming six months.

15.08 / 12:19

IPO Provident Assurant NIFTY performer dividend Dividend stock: LIC to get over ₹1,800 crore as ITC begins dividend payment to shareholders

Life Insurance Corporation of India (LIC), is set to receive a huge amount of more than ₹1,800 crore as dividend. ITC has around 30.14 lakh shareholders as per the data till quarter ending June 2023. Among these shareholders, LIC owns 189.69 crore ITC shares, or 15.26% stake in the cigarettes-to-hotels major.

15.08 / 09:41

IPO Booking band TVS Supply Chain IPO: What does the latest GMP signal as focus shifts to allotment

₹880 crore-worth TVS Supply Chain IPO was subscribed 2.85 times in total as the public issue received bids for 6.99 crore shares as compared to 2.51 crore share on the offer during August 10 to August 14. TVS Supply Chain IPO was subscribed 7.89 times in the retail category and 1.37 times in the Qualified Institutional Buyers’ (QIB) category. The Non-Institutional Investors (NII) portion was booked 2.44 times by August 14, 2023, the last day of the bidding process.

15.08 / 08:49

IPO band SBFC Finance IPO: What does the latest GMP signal ahead of listing date; Check key details here

IPO listing date is 16th August 2023. SBFC Finance IPO share allotment was fixed on August 10, while the shares were credited to the eligible investors' demat accounts on August 14. The investors who received have the SBFC Finance shares will now look for the grey market premium for the expected listing price.

15.08 / 07:27

UPS IPO FIVE Manufacturing performer electronic IPOs independence day Independence Day 2023: 33 of 38 mainboard IPOs jump up to 200% in past year

Kaynes Technology India Ltd was at the top of the list with gains of 195.10% from its IPO price of ₹587. The initial public offering had a 34.1 times subscription and a 17.50% listing gain. When it comes to end-to-end and Internet of Things (IoT) solutions enabled integrated electronics manufacturing, Kaynes Technology is a leader with skills spanning the entire gamut of electronics system design and manufacturing services.

14.08 / 19:37

IPO Provident country ITC hotel spinoff at 10:1 ratio, IPO in 15 months

NEW DELHI : The board of ITC Ltd on Monday approved a proposal to demerge the company’s hotel business and separately list it on the stock exchanges within 15 months. As per the 10: 1 share entitlement ratio approved by the board, every person holding 10 ordinary shares of ITC will be entitled to one share of the demerged company, according to ITC. The company clarified that ITC shareholders would hold around 60% direct stake in the new hotel entity (proportionate to their stake in ITC).

14.08 / 15:09

UPS IPO Waters Manufacturing Enterprise cover Shelter Pharma IPO: GMP, subscription status on day 3 and other key details

₹42 per equity share and the Shelter Pharma IPO shares will get listed on Wednesday, 23 August on BSE SME. Shelter Pharma is a small- and medium-sized enterprise (SME) IPO is a Gujarat-based company and is engaged in the business of manufacturing herbal products in Human Pharma as well as the Veterinary space. The company manufactures herbal medicines that cover veterinary, poultry, and human health care.

14.08 / 14:43

UPS IPO Booking AXY band TVS Supply Chain IPO sees strong retail demand, issue subscribed 2.78 times

₹880 crore IPO was subscribed 2.78 times, with bids received for a total of 6.99 crore shares against 2.51 crore on offer, according to data from the stock exchanges. The IPO’s institutional quota was subscribed 1.35 times, while non-institutional investors’ portion was subscribed 2.35 times, suggesting that the primary market may be headed for brisk business. “IPOs priced over last 1-2 quarters has seen strong participation from all categories - domestic & foreign institutional and retail investors.

14.08 / 14:07

UPS Citi IPO Senco Gold Q1 Results: Profit soars 23% YoY to Rs 27.6 cr; revenue rises 30%

Kolkata-based Senco Gold, a recent debutant on the exchanges, on Monday reported 23% growth in its consolidated net profit at Rs 27.6 crore for the quarter ended June 2023. It was Rs 22.5 crore in the year-ago period. Revenue from operations jumped 30% to Rs 1,305 crore in the June quarter, compared with Rs 1,007 crore in the corresponding quarter of last year.

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