IPO Financial News

₹90 to ₹94 per share. The GP Eco Solutions IPO lot size is 2,000 shares. The floor price is 9 times of the face value and the cap price is 9.40 times of the face value of the equity shares.The Noida-based company's IPO would include a fresh issue of 32,76,000 Equity Shares having a face value of ₹10- via the book-building process.

₹740-crore initial share sale received bids for 20,52,11,888 shares against 4,37,69,494 shares on offer, according to BSE data.The retail individual investor category was booked to 12.32 times, while non-institutional investors received 8.20 times as many subscriptions. The component for qualified institutional buyers (QIBs) was subscribed at 39%.“ixigo IPO subscription are in line with our expectations with increased interest from retail bidding more than 10x, followed by NIIs/HNIs who have bought more than 7 times the reserved portion as of now on the second day of bidding which could mean the over subscription can lead to potentially decent listing gains over and above 20% for investors.

ixigo IPO day 2: The initial public offering (IPO) of ixigo, which opened on 10th June 2024, has received a robust response from primary market investors. The public issue worth ₹740.10 crore will remain open till 12th June 2024. The company has fixed the ixigo IPO price band at ₹88 to ₹93 per equity share, and the book build issue is proposed for listing on BSE and NSE.

IPO) of Le Travenues Technology, the parent company of online travel platform Ixigo, sailed through on its opening day on Monday, with the issue being subscribed 1.95 times. According to data from the BSE, investors placed bids for 85.5 million shares against 43.7 million shares available. The retail investors' portion was subscribed 6.21 times, while the non-institutional investor segment was subscribed 2.78 times. Qualified institutional buyers bid for 0.12 times the shares on offer. The IPO, which closes on June 12, includes a fresh issue of ₹120 crore and an offer for sale of up to 66.6 million shares.

Boat’s parent company, Imagine Marketing India is in talks with three investors to raise funds which co-founder and CEO Sameer Mehta said will be more strategic in nature instead of just raising capital. He said the focus is now on improving financial parameters of the company such as getting back to net profit this fiscal before going ahead with the initial public offering (IPO) to raise about Rs 2,000 crore.

Retail investors bid for 17.6 million shares compared to the 7.9 million shares available, as of 11:42 AM on Monday, BSE data showed. The non-institutional segment subscribed 0.47 times, while the qualified institutional buyers (QIB) are yet to show significant activity.

₹39 to ₹41 per equity share. The public issue was proposed for listing on BSE and NSE. The public issue listed on BSE and NSE on 31st January 2024 at a bumper premium of 35 per cent, and the stock continued attracting bulls' attention after this bumper listing.

₹9,606 crore, the highest in 8 months, since September 2023. The offers for sale category accounted for 64 percent of the total fundraising, approximately ₹6,200 crore, while the fresh capital issuances contributed ₹3,404 crore.Moreover, none of the 5 IPOs were listed at a discount to their issue prices.

Magenta Lifecare IPO Allotment Update: After receiving a robust response from investors during the bidding period from June 5 to June 7, attention now turns to the allotment procedure for Magenta Lifecare.The allotment for the Magenta Lifecare IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Cameo Corporate Services, or the BSE website.With oversubscription in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis.

3C IT Solutions IPO: SME issue subscribed over 20 times on day 4; retail investors show strong demandAs the company is expected to finalise the share allotment today, June 10, investors who placed their bids for the shares during the issue subscription period can check 3C IT Solutions IPO share allotment status online through the BSE website and the official portal of the IPO registrar, Skyline Financial Services Private Ltd.On June 11, the company will credit shares to the demat accounts of investors who received allotments and initiate refunds for unsuccessful bidders.3C IT Solutions IPO share allotment status can be checked online by following the simple steps below.Step 1: Go to the website of Skyline Financial Services Private Ltd (https://www.skylinerta.com/)Step 2: Under the "Investors" tab, select "Public Issue".Step 3: Select the company's name in the "Check Application Status" dropdown. Remember that the name of the company will appear only after the allotment status is finalised.

Also Read: IPO listing: Kronox Lab Sciences share price debuts at ₹165, a 21% premium to issue priceThe company will credit the shares in the demat accounts of investors who received the allotment and initiate refunds to unsuccessful bidders on June 11.Sattrix IPO allotment status check online can be done with simple steps mentioned below. Step 1] Visit IPO registrar website on this link - https://ipo.bigshareonline.com/ipo_status.htmlStep 2] Select ‘Sattrix Information Security Limited’ from the Select Company dropdown menuStep 3] Choose among Application No, Beneficiary Id and PAN from the Selection TypeStep 4] Enter the details as per the option selectedStep 5] Enter the Captcha and click on ‘Search’Your Sattrix IPO allotment status will be displayed on the screen.Also Read: Ixigo IPO opens: Check GMP, key dates of Le Travenues Technology IPO. Should you subscribe or not?Sattrix IPO GMP today, or grey market premium today, is ₹14 per share, as per stock market observers.

₹164.95, a 21 percent premium to issue price of ₹136 on the NSE. Meanwhile, on the BSE, it debuted at ₹165, up 21.32 percent or ₹29 from the IPO price.The ₹130.15 crore initial public offering (IPO) of Kronox Lab Sciences was open for subscription between June 3-5 at a price band in the range of ₹129-136.

Kronox Lab Sciences IPO: The initial public offering (IPO) listing date for Kronox Lab Sciences Limited has been fixed on June 10 2024, i.e. today.

₹21,000 crore) in a public listing likely in nine months, two people familiar with its plans said, in a remarkable turnaround for the luxury chain that changed hands under crushing debt and defaults five years ago. Promoter Brookfield has tapped JM Financial and Bank of America to be investment bankers, the people said on condition of anonymity, adding the Canadian investor plans to sell 15% to the public initially, and another 10% over the next three years. The IPO may be worth around ₹3,150 crore, making it the biggest in India's hospitality space.

₹333 crore from anchor investors ahead of its initial public offering (IPO) for public subscription.Also read: ixigo IPO to open on June 10; here's what GMP indicates ahead of public issueIxigo is a tech company that empowers Indian travelers to plan, book, and manage their journeys by train, air, bus, and hotel. As the leading Online Travel Agency (OTA) for the 'next billion customers,' ixigo focuses on localized content and app features tailored to the needs of tier II and tier III travelers.

₹3.28 lakh crore in market valuation last week, according to a PTI report. Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries (RIL) were the top performers.Overall, RIL maintained its position as the most valued company, followed by TCS, HDFC Bank, Bharti Airtel, and ICICI Bank rounding off the top five.

Week Ahead: Inflation data, US Fed policy, global cues among key market triggers as Nifty 50 eyes 23,500 this weekLunawat further added, “We believe that companies with good fundamentals will go public & attract large amounts of capital from street. The upcoming Union Budget will be a crucial trigger for understanding the new government’s strategy for the economy."The primary market will take a breather as only two new public issues are set to open in the coming week.

The upcoming week will also place a significant focus on monetary policy decisions of central banks, as the US Federal Reserve will begin its two-day policy meeting on June 11. The US Fed will announce its interest rate decision after its two-day policy meeting on Wednesday, June 12, 2024.Analysts noted that the US economic landscape has shown signs of moderation in recent months.

Bajaj Housing Finance IPO: Bajaj Housing Finance has filed it's preliminary draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds worth ₹7,000 crore through its upcoming public issue.The public issue aggregating up to ₹7,000 crore comprises a fresh issue of equity shares of up to ₹4,000 crore and an offer for sale (OFS) of up to ₹3,000 crore by the selling shareholder with face value of ₹10 each equity share by Bajaj Finance Limited--the promoter selling shareholder.Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, JM Financial Limited, and IIFL Securities Limited are the Book Running Lead Managers to the issue.

₹333 crore from anchor investors ahead of its debut share offer for public subscription.Overall, the company offered 3.58 crore equity shares to 23 funds at ₹93 apiece, for a total of ₹333 crore, it said. ixigo IPO price band has been set in the range of ₹88 to ₹93 per share.ixigo is a technological firm that enables Indian travellers to plan, schedule, and manage their journeys by train, air, buses, and hotels.

Bajaj Housing Finance has filed preliminary papers with capital markets regulator Sebi to raise Rs 7,000 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares of up to Rs 4,000 crore and an offer for sale (OFS) of equity shares worth Rs 3,000 crore by parent Bajaj Finance, according to the draft red herring prospectus (DRHP). The share sale is being conducted to comply with the Reserve Bank of India's (RBI) regulations, which require upper-layer non-banking finance companies to be listed on stock exchanges by September 2025.