Initial Public Offering (IPO)

All the IPOs belong to the Small and Medium Enterprises (SME) segment

Udayshivakumar Infra IPO listing date: The shares of the IPO are expected to be listed on the bourses on April 3

Earlier in the day, a report by Reuters said that the company has delayed its IPO due to unfavourable market conditions

Earlier in the day, a report by Reuters said that the company has delayed its IPO due to unfavourable market conditions

Avalon Technologies IPO GMP: According to market observers, the IPO is commanding a great market premium (GMP) of Rs 22 per share

Avalon Technologies IPO GMP: According to market observers, the IPO is commanding a great market premium (GMP) of Rs 22 per share

Udayshivakumar Infra IPO allotment date: The share allocation of the IPO will take place on March 28 and the shares will be credited to the demat account of the investors on March 31

Udayshivakumar Infra IPO allotment date: The share allocation of the IPO will take place on March 28 and the shares will be credited to the demat account of the investors on March 31

The initial share sale of Udayshivakumar Infra Ltd is set to open for public subscription on March 20. The three-day initial public offering (IPO) would conclude on March 23. The bidding for anchor investors would open on March 17, the red herring prospectus (RHP) filed with Sebi showed on Tuesday. The IPO consists of fresh issue of equity shares aggregating to Rs 66 crore. Proceeds of the issue will be used to fund incremental working capital requirements and general corporate purposes. "With the Nifty down by around 10 per cent from the peak and underperforming other markets in 2023, the sentiments have turned negative. This is not a favourable time for IPOs, however, attractively priced IPOs will attract investors," VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. Udayshivakumar Infra is in the business of construction of roads. It bids for roads, bridges, canals, and industrial area construction projects in Karnataka, including government ...

Global Surfaces IPO subscription status: According to BSE, as of 10:40 AM on Monday, the issue has been subscribed 0.04 times

Global Surfaces IPO subscription status: According to BSE, as of 10:40 AM on Monday, the issue has been subscribed 0.04 times

Rishabh Instruments, a global energy efficiency solution company, has received capital markets regulator Sebi's nod to mop-up funds through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 75 crore and an offer for sale (OFS) for up to 94.17 lakh equity shares by its promoter group shareholders and an existing investor, according to its draft red herring prospectus (DRHP). Under the OFS, Asha Narendra Goliya will offload 25 lakh equity shares, Narendra Rishabh Goliya (HUF) will sell 5.17 lakh shares, Rishabh Narendra Goliya will dispose of 4 lakh shares and SACEF Holdings II will sell 60 lakh equity shares in the company. The company, which had filed draft papers with the Securities and Exchange Board of India (Sebi) in December 2022, obtained its observation letter on February 17, 2023, an update with the regulator showed on Tuesday. In Sebi's parlance, its observation implies its go ahead to launch initial share-sale. Going

The two categories were subscribed around 7 times each; QIB was nearly half covered

Under this mechanism, the information in the DRHP is made available only to the regulator, not to the public at large

Inox Green Energy Services, a subsidiary of Inox Wind, has fixed a price band of Rs 61-65 per share for its Rs 740-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 11 and conclude on November 15, and the bidding for anchor investors will open on November 10, the company said in a BSE filing. As per the draft papers, the IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of shares aggregating to Rs 370 crore by promoter Inox Wind. Besides, the company may consider a pre-IPO placement. If such a placement is completed, the fresh issue size will be reduced. Inox Green Energy Services, which had filed draft IPO papers with Sebi on June 20, obtained the observation letter from the regulator on September 13. The issuance of an observation letter by Sebi implies its go-ahead to float an IPO. Going by the draft papers, proceeds from the fresh issue will be used for payment of debt and general ...

The company has priced its IPO between Rs 197 to 207 per share

4 IPOs likely to open this week. Which one's worth your money?

Four companies are looking to raise over Rs 4,000 cr this week via IPO. DCX Systems and Bikaji Foods are already seeing investors' interest in the grey market. Do these IPOs deserve your money?

Price band set at Rs 197-207 a share; retail portion sold 8.7x

The Initial Public Offering (IPO) of DCX Systems, manufacturer of cables and wire harness assemblies, received 2.11 times subscription on the first day of offer on Monday. The IPO received bids for 3,05,65,584 shares against 1,45,11,146 shares on offer, according to NSE data. The category meant for Retail Individual Investors (RIIs) received 8.70 times subscription, while the portion for non-institutional investors got subscribed 2.16 times. Qualified Institutional Buyers (QIBs) quota received 3 per cent subscription. Fresh issue aggregating up to Rs 400 crore and an offer for sale of up to Rs 100 crore. The price range for the offer is at Rs 197-207 a share. On Friday, DCX Systems said it has raised Rs 225 crore from anchor investors. The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure and general corpora

Capital raising delayed amid volatile markets, lower risk apetite among investors