IPO Financial News

₹500 to currently trade around ₹2,649.70.Moreover, the stock hit its record high of ₹2,712 in intra-day deals in the previous session, June 26, 2024. It has now soared almost 260 percent from its 52-week lows of ₹739.70 hit in October 2023. It has gained about 121 percent just in 2024 YTD, giving positive returns in 5 of the 6 months so far this calendar year.

Sylvan Plyboard (India) IPO Allotment Update: After receiving a robust response from investors during the bidding period from June 24 to June 26, attention now turns to the allotment procedure for Sylvan Plyboard.The allotment for the Sylvan Plyboard IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt.

demat accounts will be done today, Thursday, June 27. In addition, the process of refunding shares to individuals who have not yet received them will be completed today.On Tuesday, June 25 the final day of subscriptions, the luxury furniture firm Stanley Lifestyles' initial public offering (IPO) received 96.98 subscriptions, as per BSE data.

Stock split 2024: Cellecor Gadgets shares are one of the multibagger stocks the Indian stock market has delivered in recent years. The NSE SME IPO was launched in September 2023 at ₹87 to ₹92 per equity share. The SME stock had a par listing on the NSE SME Emerge at ₹92 apiece.

Winny Immigration debuted on the NSE SME platform with a premium of 71% on Thursday. The stock was listed at Rs 240 as against an issue price of Rs 140. Ahead of the debut, the company's shares were trading with a premium of Rs 75 in the unlisted market.

₹30.46 crore initial public offering (IPO) of Mason Infratech was available for subscription between June 24 and June 26 with a price band of ₹62-64. The issue saw strong demand, being subscribed 32.89 times in the 3 days of bidding.

demat accounts.Also Read: Visaman Global Sales IPO price band set at ₹43 per share; SME IPO to open on June 24The initiation of the refund process will start on Monday, April 29, for individuals not given shares. Those allotted will receive their shares in their demat accounts on Monday.Visaman Global IPO listing date is scheduled for Monday, July 1.If you have applied for the Visaman Global Sales IPO, you can do a Visaman Global IPO allotment status check on the website of the IPO registrar, which is Link Intime India Private Ltd.

₹102.60, which is 90% higher than the issue price of ₹54.Subscriptions for the Dindigul Farm Product IPO opened on Thursday, June 20, and ended on Monday, June 24. Shares in the Dindigul Farm IPO lot size were 2,000.

Allied Blenders and Distillers IPO: As of the third day of the Allied Blenders and Distillers IPO, the initial public offering (IPO) of Allied Blenders and Distillers Limited, which commenced on 25th June 2024, is currently open for subscription until 27th June 2024. This means that primary market investors have a single day left to apply for the public issue.

₹240 apiece on NSE SME, a premium of 71.4% to the IPO price of ₹140 per share.Winny Immigration share listing was better than stock market expectations as the Winny Immigration IPO GMP today was ₹77 per share or 55% to the issue price.Also Read: Dindigul Farm share price makes a stellar debut, stock opens with 90% premium at ₹102.60 apiece on BSE SMEThe initial public offering of Winny Immigration and Education Services was launched on June 20 and the subscription period closed on June 24. Winny Immigration IPO allotment was finalized on June 25 and the shares got listed on NSE SME on June 27.The ₹9.13 crore worth Winny Immigration IPO was entirely a fresh issue of 6.52 lakh shares sold at a price of ₹140 per share.The company intends to use the net issue proceeds for several strategic purposes, including expanding its footprint by opening new offices across India, enhancing its technological capabilities through software development initiatives, and repaying existing debt obligations to strengthen its financial position.Also Read: Allied Blenders and Distillers IPO day 3: GMP, subscription status to review. Should you apply as bidding ends today?The funds will also be utilised towards branding and advertising efforts to enhance market visibility and customer outreach along with with general corporate activities.Interactive Financial Services Ltd is the book running lead manager of the Winny Immigration IPO, while Bigshare Services Pvt Ltd is the IPO registrar.Winny Immigration and Education Services IPO received robust demand as the issue was subscribed by 154.67 times.

Valtrust (formerly Valturst capital), is a Delhi-based multi-family office, offering investment advisory to families and individuals to grow their wealth and ensure inter-generational wealth transfer. Rahul Bhutoria, Valtrust's director and co-founder, assists families in managing their onshore and offshore investment portfolios. He shared insights on a broad range of topics related to SME IPOs during his conversation with ET Online.

₹51 crore from anchor investors.Also Read: Vraj Iron and Steel IPO: GMP, subscription status, price, review, other details. Buy or not?The initial public offering of Vraj Iron and Steel has set aside a 15% of its shares for non-institutional institutional investors (NII), 50% of its shares for qualified institutional buyers (QIB), and 35% of its shares for retail investors.Under the Vraj brand, the firm produces sponge iron, M.S. Billets, and TMT bars.

Aris Infra, a technology-driven construction material procurement platform, is looking to raise Rs 600-700 crore through an initial public offering (IPO). The Mumbai-based company is backed by high-net-worth individuals (HNIs) and family offices such as PharmEasy CEO Siddharth Shah, San Francisco-based Think Investments, and partners from private equity firms such as TPG Capital, Temasek, and BlackRock.

Ecom Express is looking to enter the primary market with a Rs 3,000 crore initial public offering (IPO), according to two people aware of the development. The third-party logistics company has appointed bankers such as Kotak Capital, IIFL, Axis Capital, and UBS, according to one of the sources. «Ecom Express has initiated the process for the public issue, which includes both a fresh issue and an offer for sale from the existing investors. The company is likely to file its draft red herring prospectus soon,» said one of the people cited above.

₹125.70 and ₹127 respectively. The stock quickly gained momentum, reaching an intraday high of ₹133.35 on NSE and ₹131.95 on BSE.

₹51 crore from anchor investors.The ₹171-crore IPO is an entirely fresh equity share issue without any component of an offer-for-sale. On June 26 and 28, shares will be available for public subscription at a price per share between ₹195 and ₹207.The company intends to use the revenues from the IPO for general corporate purposes and expansion initiatives at the Bilaspur site.Under the Vraj brand, the firm produces sponge iron, M.S.

Bandhan Employees' Welfare Trust, which is in the midst of a storm following agitations by a section of its members against Bandhan group founder Chandra Shehar Ghosh for alleged irregularities in running the trust, has termed the agitation «baseless and motivated, with an ulterior motive» and is planning to seek legal intervention on the matter. Chairman of the Trust said tha Ghosh ceased to be a part of it following the formation of Bandhan Bank in 2015. «Neither Bandhan Bank nor Mr Ghosh has any interest whatsoever in BEWT. It’s an employee welfare trust managed by the employees themselves. None of the promoter or promoter group entities have any interests or say in the functioning of the trust,» BEWT chairman Ronendra Chowdhury said.

Stock market today: Dee Development Engineers share price was listed on the BSE and NSE at a bumper premium against its issue price of ₹193 to ₹203 per equity share. The stock opened at ₹325 per share on the BSE and at ₹339 per equity share on the NSE, delivering around 65 percent.

₹537 crore initial public offering (IPO) of Stanley Lifestyles was available for subscription between June 21 and June 25 with a price band of ₹351-369. The issue saw overwhelming demand, being subscribed 97.16 times in the 3 days of bidding.

IPO) of Vraj Iron and Steel opened for subscription earlier today. The company plans to raise around Rs 171 crore through the issue, which closes on June 28. The IPO comprises only a fresh equity issue of up to Rs 171 crore.

GEM Enviro Management made a stellar market debut today, as its shares opened at ₹142.50 each on BSE SME, indicating a premium of 90% over the issue price of ₹75. The price continued to surge post the listing to hit the ₹149 mark, a 99% premium over the issue price.The SME IPO, valued at ₹44.93 crore, was open for subscription from June 19 to June 21, 2024, at a price between 71 and 75 per share.