IPO Financial News

Netweb Technologies, a prominent provider of high-end computing solutions (HCS) in the country, continues its winning streak as its shares hit the 5% upper circuit limit for the second consecutive session on Friday, reaching ₹1852 apiece. This brings them close to their all-time high of ₹1892, with just a 2% difference. This surge in the stock price began after the company reported a strong set of numbers for the March ending quarter and for the full quarter of FY 24.

The IPO, which closes on May 10, includes fresh equity of Rs 400 crore and an offer for sale (OFS) of up to 1.25 crore shares. Under the OFS, promoters Gaurav Bhatnagar, Manish Dhingra, LAP Travel and other selling shareholders TBO Korea, Augusta TBO will offload the shares.

IPO of Slone Infosystems opened for subscription today and will close on May 7. The company aims to raise about Rs 11 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. 1) About Slone Infosystems

₹875 to ₹920 per equity share. The company plans to raise ₹1,550.81 crore through an initial public offering (IPO).

Under the OFS, Rajendra Kumar Setia, Rajendra Kumar Setia HUF, Evolvence Coinvest I, Evolvence India Fund III Ltd, Norwest Venture Partners X – Mauritius, TPG Growth IV SF among others will offload shares.

Vodafone Idea from 'underperform' to ‘neutral’ as the brokerage finds VIL offers the highest leverage for tariff hike (5% ARPU increase leads to 12% EPS increase). Moreover, the brokerage pointed out that the recent fundraise by the company is expected to enhance its 4G network coverage, which could mitigate market share declines and enhance competitiveness. Also Read: Prabhudas Lilladher advises long-term SIPs in Aditya Birla Group stocks However, despite these positive aspects, the brokerage refrains from recommending VIL as a buy.

₹300 to ₹315 per share. At the upper end of the price band, the company plans to raise ₹3,000 crore from the issue. Aadhar Housing Finance IPO comprises a fresh issue of 3.17 crore equity shares aggregating to ₹1,000 crore and an offer for sale (OFS) component of 6.35 crore shares aggregating to ₹2,000 crore.

Amkay Products IPO: From price band to GMP - here's everything you need to know In the fiscal years ending December 31 of 2021, 2022, and 2023, the revenue generated from manufacturing operations was ₹3,020.24 lakh, ₹2,255.89 lakh, and ₹2,224.59 lakh, respectively. Concurrently, revenue from branding and trading operations for the same periods stood at ₹1049.71 lakh, ₹1394.48 lakh, ₹561.83 lakh, and ₹437.71 lakh, respectively. The Amkay Products IPO was subscribed over 32.61 times on the first day of subscription.

Supam Maheshwari, cofounder and CEO of IPO-bound mother and childcare e-commerce platform FirstCry, saw a 49% drop in monthly remuneration to Rs 8.61 crore for the first nine months of FY24, according to the company’s draft red herring prospectus (DRHP). Maheshwari's total remuneration for the nine months until December 31, 2023, was Rs 77.5 crore, down from Rs 200.7 crore for the whole of FY23.

Indegene IPO: The Initial Public Offering (IPO) of Indegene Limited is going to hit the Indian primary market on 6th May 2024 i.e. on Monday next week. The company, which provides digital services to the life science industry, recently declared the Indegene IPO price band at ₹430 to ₹452 per equity share.

public offerings (IPOs) is set to be launched in May as companies, buoyed by market vibrancy, set aside concerns over heightened volatility historically associated with the general election season. Indegene, Aadhar Housing Finance, TBO Tek, Go Digit, Awfis Space Solutions, Kronox and others are expected to raise over ₹10,000 crore from public offerings this month, according to bankers. So far in 2024, 24 companies have raised about ₹18,000 crore from IPOs. The national polls are being held in phases until June 1. Carlyle-backed health tech firm Indegene has already announced its schedule for raising ₹1,842 crore and has fixed a price band of ₹430-452 per share. The IPO will open for public subscription on May 6. The issue comprises a fresh issue of ₹760 crore and an offer for sale (OFS) of 23.9 million shares.

₹27 to ₹31 per share. Retail investors must invest a minimum of ₹124,000, with the minimum lot size for an application being 4000 shares. Refractory Shapes IPO is a book-built issue looking to raise over ₹18.60 crore and is entirely a fresh issue of 60 lakh shares.

Mint explains: Awfis Solutions Pvt. Ltd is set to become the first co-working operator in the country to launch an initial public offering (IPO) and list on the stock exchange. As one of the largest co-working operators today, if the Awfis IPO launch is a success, it would set a precedent for more public listings in India’s young flex workspace sector going forward.

IPO) of TBO Tek will open for subscription on May 8 and will close on May 10. The price band for the issue will be announced soon. The company had filed its draft prospectus papers in November last year and received approval for the same earlier this month.

₹60 for each equity share with a face value of ₹10. Sai Swami Metals & Alloys IPO lot size consists of 2,000 shares. Applications have to include a minimum of 2,000 equity shares; after that, multiples of 2,000 equity shares will be considered.

₹73 to ₹78 per equity share of face value of ₹10 each. There are 1,600 shares in each IPO lot. 1,600 equity shares is the minimum application size; beyond that, applications will be accepted in multiples of 1,600 equity shares.

₹4,162 crore). While fresh issue of shares will account for $218 million ( ₹1,815 crore), the rest will come from an offer for sale. Investors who are putting up their shares for sale include TPG Growth, Premji Invest, Softbank Group and Mahindra & Mahindra.

Manappuram Finance share price has been gaining momentum in the last two sessions, including today, following the approval of its subsidiary Asirvad Micro Finance IPO by market regulator the Securities and Exchange Board of India (SEBI). Manappuram Finance share price today surged over 5% to touch 52-week high, the stock opened at ₹196.95 apiece on the BSE. Manappuram Finance share price touched an intraday high of ₹207.30 and an intraday low of ₹195.65.

₹79 per equity share of face value of ₹10 each. Slone Infosystems IPO will open for subscription on Friday, May 3, and close on Tuesday, May 7. The lot size for the Slone Infosystems IPO is 1,600 shares.

₹71 to ₹75 per share. The IPO lot size is 1,600 shares. At the upper end of the price band, the company plans to raise ₹23.36 crore from the book-built issue which is entirely a fresh issue of 31.15 lakh equity shares.

₹763.40 on Tuesday, April 30, after the firm posted better-than-expected results for the March quarter of FY24 (Q4FY24). The tech-driven financial firm posted a 30.6 percent year-on-year (YoY) rise in its profit after tax (PAT) at ₹74.5 crore in the quarter under review, driven by growth across business verticals as against ₹57 crore in the same quarter last year. Meanwhile, its revenue from operations jumped 25 percent YoY to ₹228.34 crore in Q4FY24 versus ₹183.13 crore in the year-ago period.