IPO Financial News

Subscriptions from retail investors stood at 6.04 times, while non-institutional investors had subscribed 6.28 times on the second day of bidding. Meanwhile, qualified institutional buyers had subscribed to 2% of the allotted portion.

IPO) of Sanathan Textiles was subscribed 72% on Friday by 11:18 AM on its second day of bidding. The Rs 550 crore issue, which is a mix of fresh equity sale of Rs 400 crore and an offer for sale (OFS) of 46.72 lakh shares, will be available for bidding till December 23. Subscriptions from retail investors stood at 1.19 times, while the non institutions investors had subscribed by 60% on the second day of bidding. The qualified institutional buyers had not made any bids yet.

As of 11:10 am, the retail investors had subscribed to the issue by 31.7 times, which was followed by subscriptions from the non-institutional investors (NIIs), who subscribed to the issue by 27 times.

NACDAC Infrastructure has become one of the highest subscribed IPOs in the SME market history after receiving bids nearly 2,000 times higher than the shares on offer. The company was merely seeing Rs 10 crore through its public offer and planned to list its shares on the BSE SME platforms. The bids received were for 411 crore shares worth over Rs 14,000 crore as against just 20 lakh shares on offer. Post the bumper response for the IPO, the company will finalise the share allotment later today.

Vishal Mega Mart Ltd.’s trading debut Wednesday underscored this insatiable appetite for IPOs — shares of the retailer surged more than 40%. The feeding frenzy is set to roll into 2025, according to several women on the front lines.

IPO) of Carraro India will open for subscription today. The Rs 1250 crore issue, which is entirely an offer for sale of 1.77 shares, will be available for bidding till December 24. Since the IPO is completely an OFS, the proceeds from the offer will go to the selling shareholders.

IPO) of Ventive Hospitality will open for subscription today. The Rs 1600 crore issue, which is entirely a fresh equity sale of 2.48 shares, will be available for bidding till December 24. The proceeds from the offer will be used for repayment of debt, payment of interest accrued in step-down subsidiaries and general corporate purposes.

International Gemmological Institute will debut on the exchanges on Friday. Ahead of the listing, the company's shares were trading with a GMP of Rs 135 in the grey market. Considering the upper price band of Rs 417, the stock is expected to see listing gains of 33% over the issue price.

Business Overview

Nacdac Infrastructure set a record on Thursday, being oversubscribed 1,976 times on its final day. The ₹7.28-crore offering attracted ₹14,386 crore in bids from 6.41 lakh applications. The non-institutional investor (NII) portion of the IPO was subscribed 2,635 times, while the retail investor segment saw 2,504 times subscription. The qualified institutional buyer (QIB) category was subscribed 236 times.

Carraro India Ltd, the manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Thursday said it has garnered Rs 375 crore from anchor investors, ahead of its IPO opening for subscription. Aditya Birla Sun Life Mutual Fund (MF), HSBC MF, UTI MF, Sundaram MF, Motilal Oswal MF, Kotak Mahindra Life Insurance Company, Bajaj Allianz Life Insurance Company, Tata AIA Life Insurance Company and SBI General Insurance Company are among anchor investors, according to a circular uploaded on BSE's website. According to the circular, Carraro India has allotted 53.27 lakh equity shares to 33 funds at Rs 704 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 375 crore.

capital expenditure and to invest in overseas subsidiaries, and Rs 325 crore through an offer for sale by promoters and an investor. The promoter group's stake will fall to 51.4% after the IPO from 60.9%. The company has international operations and operates in a high potential sector. However, it needs to show consistency in financial performance. Risk averse investors therefore need to wait for a sustainable trend in financials before making an investment decision.

Inventurus Knowledge Solutions (IKS) shares, which made debut on the exchanges today (Thursday, December 19), saw block deals where Norway-based Norges Bank bought over 34 lakh shares worth Rs 652 crore. Norges Bank bought shares via Norges Bank on Account of The Government Pension Fund Global in two tranches of 16.59 lakh and 17.50 lakh shares at a price of Rs 1,923.92 apiece and Rs 1,899.67 per share, respectively.

IPO). The IPO comprises a fresh issue of 1.04 crore equity shares, and an offer for sale (OFS) of 56.38 lakh shares by promoters, the DRHP filing showed.

Among various investment categories, equities stand out as an asset class with the potential for high returns. Historical data has shown that equities have consistently delivered superior inflation-adjusted returns over the long term compared with other asset classes. Other investment avenues such as real estate and gold may also experience price surges following periods of stagnation. However, factors like liquidity constraints and ease of transaction may often place them behind equities in terms of performance.

Subscribe to enjoy similar stories. On 18 December, the Securities and Exchange Board of India (Sebi) approved several key amendments to improve business operations, investor protection, and the efficiency of market participants.

One MobiKwik Systems skyrocketed 14% in early trading today to a high of Rs 605 on the BSE, having surged 37% in two days after posting strong listing gains on Wednesday. Meanwhile, from its upper price band of Rs 279, the stock has already posted returns of 117%. The shares of MobiKwik debuted on the exchanges with a premium of 58.5% on Wednesday.

₹550-crore worth Sanathan Textiles IPO will remain open for bidding till December 23. The price band for the IPO is set in the range of ₹305 to ₹321 per share.Sanathan Textiles’ business is divided into three separate yarn business verticals, consisting of polyester yarn products, cotton yarn products and yarns for technical textiles and industrial uses.The IPO lot size is 46 shares with a minimum investment amount required by retail investors is ₹14,766.Sanathan Textiles is a combination of fresh issue of 1.25 crore equity shares aggregating to ₹400 crore and an offer-for-sale (OFS) component of 47 lakh shares worth ₹150 crore.

₹410-432 per share. This IPO, which will close on December 23, generated ₹245.97 crore through its anchor book on December 18.A number of prominent institutional investors, including Winro Commercial, ICICI Prudential Mutual Fund, Tata Mutual Fund, LIC Mutual Fund, Bandhan Mutual Fund, SBI General Insurance, ITI Mutual Fund, Nuvama, Taurus Flexi Cap Fund, Citrus Global Arbitrage Fund, and BNP Paribas Financial Markets, made investments in the company through the anchor book.The company's planned IPO includes a new share issuance totaling ₹400 crore along with a sale of 1.01 crore equity shares by its promoter, Ajanma Holdings Private Ltd. Currently, Ajanma Holdings possesses an 83.22 percent stake in the Mumbai-based firm.

₹269-283, which will be available for public subscription from December 19 to December 23. On Wednesday, it announced that it has secured ₹251 crore from anchor investors, just one day prior to the start of its initial share sale for public subscription.Among the anchor investors listed in a circular posted on the BSE website are Nomura, Goldman Sachs, HSBC, Societe Generale, Nippon India Mutual Fund (MF), HDFC MF, Kotak MF, and Aditya Birla Sun Life MF.

One MobiKwik Systems, Vishal Mega Mart and Sai Life Sciences made strong stock market debuts on Wednesday, even as the secondary market remained weaker during the day. All three companies listed at premiums of 18-58% and ended higher on Wednesday. The Sensex and Nifty fell nearly 0.6% each on Wednesday after sinking almost 1.3% the previous day. Digital banking platform One MobiKwik Systems listed at Rs 440, about a 57.7% premium to its IPO (initial public offering) price of Rs 279 per share. The stock advanced 20% further to close at the day's highest tradable limit of Rs 528.