IPO Financial News

₹375 apiece on NSE SME, a premium of ₹281, or 299% to the issue price of ₹94 per share.GP Eco Solutions IPO listing was better than market expectations. GP Eco Solutions IPO GMP today, or grey market premium today, ahead of the listing was ₹181 per share, indicating a listing premium of 193%.GP Eco Solutions shares grew IPO investors’ money by more than four times upon listing.Also Read: United Cotfab share price makes a lukewarm debut, stock opens with a mere 7% premium at ₹75 apiece on BSE SMEGP Eco Solutions IPO opened for subscription on June 14 and closed on June 19.

Dee Development Engineers IPO: Bidding for the initial public offering (IPO) of Dee Development Engineers Limited ended on 21st June 2024, i.e. on Friday last week.

Edited excerpts from an interview: How does the equity capital market and M&A landscape look like to you? India is rapidly emerging as a top contender in global equity capital markets. The Indian equity markets have delivered consistently about 8-10% USD CAGR returns over the last 20 years. This momentum has strong tailwinds thanks to the strong macroeconomic environment, earnings growth trajectory, and equity market inflows especially from domestic mutual funds (MFs).

demat accounts.Also Read: Akme Fintrade India IPO: Here's what latest GMP indicates as focus shifts to allotment; How to check online?Individuals who received shares will have their demat accounts credited on Tuesday, June 25. The refund procedure will also begin on Tuesday.Akme Fintrade IPO listing date is fixed for Wednesday, June 26 on BSE and NSE.If you have applied for the Akme Fintrade IPO, you can do a Akme Fintrade IPO allotment status check immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd - https://ipo.bigshareonline.com/ipo_status.htmlUse the Bigshare URL, https://ipo.bigshareonline.com/ipo_status.html, to directly input your login details.- Link to the Akme Fintrade IPO allotmentFrom the list of firms, choose "Akme Fintrade IPO."Opt for "PAN Number, Beneficiary ID, or Application No./CAF No."Simply press "Search."You may view your Akme Fintrade IPO on your phone's display or a computer monitor.Also Read: Akme Fintrade IPO closes today: Issue oversubscribed by 55.12x.

Staffing firms see a spike in demand for quick commerce workers “Startups began several initiatives during the pandemic and the cost of marketing was extremely high. As things stand today, we are getting the sense that margins are more established and they are more focused on retention," Rahul Chowdhri, an investor at Stellaris Venture Partners, said.

capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO). The Gujarat-based company's initial share sale is completely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds of the issue will be used to increase the working capital requirements of the company, payment of debt and general corporate purposes.

Allied Blenders and Distillers will open for subscription on June 25. The issue closes on June 27. Through the public offer, the company plans to raise around Rs 1,500 crore. Here are 10 things to know about Allied Blenders and Distillers IPO IPO before subscribing to the issue.

₹1,000 crore and an offer-for-sale (OFS) of ₹500 crore in equity shares by promoters and other investors, totaling ₹1,500 crore.Promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra Hemdev will sell off the shares in the Offer for Sale (OFS).The company manufactures, markets, and distributes alcoholic beverages both within India and globally. Its product range encompasses various IMFL brands such as vodka, rum, whiskey, and brandy.Allied Blenders and Distillers IPO date: The IPO of liquor company will open for bidding on June 15 and will close on June 27.Allied Blenders and Distillers IPO price band: The company has set the price band of its IPO at ₹267 to ₹281 per share.Allied Blenders and Distillers IPO size: The Allied Blenders IPO is a book-built issue aiming to raise ₹1,500 crores.

Akme Fintrade received a robust response from investors for its IPO, which closed last week. The issue was subscribed just over 53 times. Post the subscription closure, the company will likely finalise the share allotment on Monday. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.

Dee Development Engineers is likely to finalise the share allotment on Monday. The issue was booked nearly 100 times at close on strong interest from non-institutional and institutional buyers. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website. Firstly, here's how you can know the status on BSE

₹1,500 crore. It comprises a fresh issue of 3.56 crore shares amounting to ₹1,000 crores and an offer for sale of 1.78 crore shares amounting to ₹500 crore.The price band for the Allied Blenders IPO is set at ₹267 to ₹281 per share. ICICI Securities Limited, Nuvama Wealth Management Limited, and Iti Capital Ltd are the book-running lead managers for the IPO, with Link Intime India Private Ltd serving as the registrar for the issue.Vraj Iron and Steel IPO will open for subscription on June 26 and close on June 28.

Also Read: GST Council Meeting: FM-led panel approves biometric authentication, 12% rate on milk cans; 10 key highlightsOn the weekly front, the BSE benchmark climbed 217.13 points or 0.28 per cent, while the Nifty went up by 35.5 points or 0.15 per cent. The Nifty Bank index, in particular, stood out with its largest weekly gain of 2024, surging by more than three per cent.

In the SME segment, a total of seven issues will open for subscription next week.

₹193-203 per share and a lot size of 73 shares, the ₹418.01 crore worth IPO combined a fresh issue of 1.6 crore shares, aggregating ₹325 crore, and an offer-for-sale (OFS) of 46 lakh shares, aggregating ₹93.01 crore.DEE Piping Systems IPO's latest GMP (grey market premium) is ₹88. Considering the price band of ₹203, the IPO's estimated listing price is ₹291, a premium of 43.35 per cent.The DEE Piping Systems IPO was fully subscribed on Day 1, and at the end of Day 2, the overall subscription was over 9 times.

Unicommerce Esolutions has tagged Japanese investor SoftBank, which holds a nearly 30% stake in the ecommerce enterprise software developer, as well as Snapdeal cofounders Kunal Bahl and Rohit Bansal as the Gurugram-based company's promoters in an addendum filed to its draft IPO prospectus. The original draft red herring prospectus filed with the Securities and Exchange Board of India had named only AceVector Ltd — the parent company of Snapdeal — as its promoter.

₹537.02 crore, comprising a fresh issue and an offer-for-sale.The Bengaluru-based furniture maker raised over ₹161.10 crore from anchor investors on Thursday ahead of its initial public offering.Stanley Lifestyles is a super-premium and luxury furniture brand in India involved in manufacturing and retail operations.Experts point out that in FY23, it was the fourth-largest revenue-generating player in the home furniture segment in India.Stanley Lifestyles is among the first few Indian companies in the super-premium and luxury furniture segment and one of the few Indian companies present across various price points, such as super-premium, luxury and ultra-luxury segments, through its various brands.Here are ten key points about Stanley Lifestyles and its IPO:A book-built issue of ₹537.02 crores, Stanley Lifestyles IPO combines a fresh issue and an offer-for-sale (OFS) by its promoters and shareholders. It comprises a fresh issue of ₹200 crore and an OFS of 91,33,454 shares, aggregating to ₹337.02 crore.The promoter-selling shareholders under the OFS are Sunil Suresh and Shubha Sunil, who will offload up to 11.82 lakh shares each.

₹10.54 crore. The offering consists entirely of a fresh issue of 31 lakh shares.

Pine Labs Pvt, an Asian digital payments provider backed by Peak XV Partners and Mastercard Inc., is considering raising about $1 billion in an initial public offering in India, people familiar with the matter said, amid increasing investor appetite in the nation’s stock market. The company may seek a valuation of more than $6 billion in an IPO, the people said, asking not to be identified because the matter is private. Pine Labs may issue both new and secondary shares, they said. It could also opt to do a pre-IPO fundraising round ahead of any listing, two of the people said.

Crisil report, with products ranging from student education loans to expansion capital for educational institutions in the form of education infrastructure loans.Draft Red Herring Prospectus (DRHP) states that Olive Vine Investment Ltd, a Warburg Pincus affiliate, is the company's promoter. International Finance Corporation and affiliates of Kedaara Capital, Mubadala Investment Company, and Avendus Future are among the institutional shareholders.Also Read: Ola Electric, Emcure Pharmaceuticals get SEBI nod for IPO launchA fresh issuance of equity shares up to ₹1000 crore and an offer for sale (OFS) of up to ₹2500 crore by the "Selling Shareholder" with a face value of ₹5 per equity share make up the public offer, which has a combined total value of ₹3500 crore.The offer for sale includes equity shares from Olive Vine Investment Ltd (Promoter Selling Shareholder) up to ₹1,758 crore; equity shares from International Finance Corporation (Investor Selling Shareholder)up to ₹342 crore; and equity shares from Kedaara Capital Growth Fund III LLP (Investor Selling Shareholder) up to ₹400 crore.Also Read: Stanley Lifestyles IPO hits D-Street today; check GMP, review, and other key details.

Mint had reported that the grocery delivery company is looking to set up larger dark stores to stock a larger assortment of grocery and e-commerce products like cosmetics and gifting items.“If we are able to achieve this while continuing to delight customers, I believe we will be ready to go public relatively soon," he added.Founded by Aadit Palicha and Kaivalya Vohra in 2021, Zepto shot to fame after it secured upwards of $150 million in funding from marquee investors such as Y Combinator and Nexus Venture Partners within months of inception. It attained unicorn status last year after bagging $200 million in Series E funding led by US private equity firm StepStone Group, along with Goodwater Capital, Nexus Venture Partners and Glade Brook Capital.The startup is now planning an initial public offering sometime next year, aiming for a multi-billion dollar listing on the back of a healthy balance sheet, Palicha said.Over the last few months, Zepto has introduced several new initiatives to diversify its revenue streams and improve its margins.For instance, Zepto Pass, its loyalty programme with monthly prices starting at ₹19, saw more than a million customers sign up to it within a week of launch in February, according to the company.

Time Technoplast, a leading manufacturer of polymer products, saw its shares surge by 12.7% in early trade today, reaching a new all-time high of ₹335 apiece. This rally followed the company's announcement that it had received final approval from the Petroleum and Explosives Safety Organization (PESO) for the manufacturing and supply of high-pressure Type-IV composite cylinders for hydrogen.In mid-March, the company had secured prototype approval for these high-pressure Type-IV composite cylinders from PESO.