CREDO BRANDS IPO PRICE BAND
Allied Blenders and Distillers share allotment likely today. Here's how you can check status
Visaman Global Sales IPO allotment finalized, Allied Blenders and Distillers focus on premium brands like ICONiQ White Whisky and Srishti Whisky.
Allied Blenders IPO: Check subscription on last day, GMP and other details
The IPO of Allied Blenders and Distillers was subscribed 23.49 times on its third and final day. NIIs show strong interest with 32 times subscription, followed by retail investors at 4.42 times. The QIB portion of the issue was booked 50 times. The IPO combines a Rs 1,000 crore fresh equity sale and OFS of 1.77 crore shares, allowing promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra to reduce their stakes.
Vraj Iron and Steel IPO picks up pace on Day 2. Check subscription, GMP and other details
The initial public offer (IPO) of Vraj Iron and Steel picked up pace on the second day of the bidding process. The issue was subscribed over 8 times so far, driven by strong interest from retail and non-institutional investors.
Allied Blenders and Distillers IPO subscribed 1.51 times on Day 2. Check subscription, GMP and other details
ABDL's IPO involves a fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of 1.77 crore shares by promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra. Funds raised will repay borrowings and fund corporate needs. The company's shares are trading with a GMP of Rs 87.
Vraj Iron and Steel IPO booked 1.5 times so far on Day 1. Check subscription, GMP and other details
Vraj Iron and Steel's IPO sees strong demand with retail investors leading subscription. The fresh equity issue aims to fund the Bilaspur Plant expansion. The company offers a range of products and operates manufacturing plants in Chhattisgarh. Aryaman Financial Services manages the IPO with a price band of Rs 195-207 per share.
Vraj Iron and Steel IPO opens. Should you subscribe to this issue?
Considering the Vraj Iron and Steel IPO, investors can explore the opportunity to invest in a company with manufacturing plants in Chhattisgarh, focusing on Sponge Iron production and various steel products. The IPO presents a chance to be part of a well-established firm with growth prospects and strategic manufacturing facilities.
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Allied Blenders and Distillers IPO booked 51% on Day 1. Check GMP and other details
Allied Blenders & Distillers IPO saw 51% subscription with promoters planning stake sale. Revenue grew 9% year-on-year to Rs 5,915 crore. ICICI Securities, Nuvama Wealth Management, and ITI Capital are the book running lead managers for the IPO.
Ahead of IPO, Officer's Choice whisky maker Allied Blenders raises Rs 449 cr from anchor investors
The company has allocated 1.6 crore equity shares to 17 funds at Rs 281 each, the top of the price band, amounting to a deal size of Rs 449 crore, according to the report. The public offering, priced between Rs 267 and Rs 281 per share, aims to raise Rs 1,500 crore and will be open for subscription from June 25 to June 27.
Stanley Lifestyles IPO opens for subscription. Should you bid?
The net proceeds from the Stanley Lifestyles IPO will be used for expenditure for opening the new stores, anchor stores, and renovating existing stores. The current grey market premium of Stanley Lifestyles is Rs 150 in the unlisted market.
Stanley Lifestyles IPO: 10 things to know before subscribing to the issue
The initial public offering (IPO) of Stanley Lifestyles will open for subscription on June 21. The issue closes on June 25. Through the public offer, the company plans to raise around Rs 537 crore. Here are 10 things to know about Stanley Lifestyles IPO before subscribing to the issue.
Officer's Choice whisky maker Allied Blenders IPO to open on June 25 with price band of Rs 267-281/share
Allied Blenders and Distillers Ltd sets price band for Rs 1,500-crore IPO of Officer's Choice whisky at Rs 267-281 per share, open for public from June 25-27 with bidding for anchor investors on June 24.
Winny Immigration IPO opens today: Check issue size, price band, GMP and other details
Winny Immigration's SME IPO, aiming to raise Rs 9.13 crore, opened for subscription and will close on June 24 on the NSE SME platform.
DEE Development Engineers IPO sails through on Day 1 on robust retail, NII demand
The net proceeds from the DEE Development Engineers IPO will be used towards funding working capital requirements, debt repayment, and other general corporate purposes. Analysts suggested investors to subscribe to the IPO as the company is the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential.
Dee Development Engineers IPO opens for subscription: Should you bid?
Analysts advised investors to subscribe to Dee Development Engineers IPO as the company emerged as the largest player in process piping solutions in India, in terms of installed capacity. Further, the issue is available at a reasonable valuation considering the future growth potential. SBI Capital Markets and Equirus Capital are the book-running lead managers to the issue.
Furniture firm Stanley Lifestyles' IPO opens June 21
The offer consists of a fresh issue of ₹200 crore and an offer for sale of up to 9,130,000 shares worth ₹337 crore by existing shareholders. Sunil Suresh and Shubha Sunil, promoters of Stanley, will sell 1.18 million shares each in the OFS portion of the IPO. Investor Oman India Joint Investment Fund II will also divest 5,545,000 shares in the IPO.
Stanley Lifestyles IPO opens on June 21, check price band, GMP and other details
Stanley Lifestyles announces IPO opening on June 21 with a price band of Rs 351-369 per share. It aims to raise Rs 537 crore and be listed on NSE and BSE platforms.
DEE Development Engineers IPO to open on June 19; price band announced
DEE Development Engineers filed a draft prospectus with the Securities and Exchange Board of India (SEBI) in September of last year and received approval in February of this year. The IPO is priced in the range of Rs 193-203 per share, with a minimum bid lot of 73 shares. Investors can bid for shares in multiples of the lot size.
Ixigo IPO enjoys strong response even on Day 2. Check subscription, GMP, and other details
Le Travenues Technology's IPO, operating Ixigo, was subscribed 9.31 times in two days, driven by strong retail demand. IPO includes fresh equity sale of Rs 120 crore and OFS of up to 6.66 crore shares. Analysts suggest long-term subscription due to potential business growth. Price band set at Rs 88-93 per share. Ixigo shares trade at a Rs 25 premium in the unlisted market.
Surprise poll results impact startups' plans, and other top stories this week
In a week charged with political buzz, the BJP government came back to power after a stormy election, but without a full majority that left it dependent on the whims of its alliance partners. Unnerved, the markets went into a tailspin on counting day, with both benchmark indices, Sensex and Nifty50, dropping 8% intraday. They recovered a day later as hopes of a stable government revived.
Online travel aggregator Ixigo sets Rs 88-93 price band for IPO to raise Rs 740 crore
The company filed its draft red herring prospectus (DRHP) with the markets regulator in February and received approval in May. Ixigo IPO is scheduled to launch on June 10 and close on June 12. The company aims to raise a total of Rs 740 crore through the public issue.
HOAC Foods IPO opens today: Check issue size, price band, GMP and other details
HOAC Foods IPO: The IPO opened today and will conclude on May 21. HOAC Foods plans to raise approximately Rs 5.5 crore through the SME IPO. The company intends to list its shares on the NSE SME platform. HOAC Foods specializes in the production of flour (chakki atta), herbs and spices, unpolished pulses, grains, and yellow mustard oil.
Nearly 70% IPOs of FY24 trading above issue prices. What lies ahead in FY25?
Fiscal 2024 showcased a vibrant IPO market with 75 companies hitting the Street, including Tata Technologies and IREDA. Strong performances marked the year from the likes of Signature Global and Netweb Technologies. Analysts expect robustness in IPO market to continue.
Credo Brands Listing: What GMP signals ahead of debut on Wednesday
The issue was completely an offer for sale of 1.96 crore shares. Since the IPO is an OFS, the proceeds will entirely go to the selling shareholders and not the company.
Credo Brands IPO subscription at 51.85 times at close. Check GMP, allotment date
Credo Brands Marketing is one of the largest homegrown brands in the mid-premium and premium men's casual wear market in India in terms of market share in fiscal 2022. Led by Kamal Khushlani, Credo Brands operates the brand "Mufti" which is now celebrating its 25th anniversary. It provides a wide array of wardrobe solutions, encompassing a range of products such as shirts, t-shirts, jeans, chinos, and more.
Credo Brands IPO picks up pace on Day 2 with nearly 7x subscription; GMP jumps
The category reserved for retail investors was subscribed 6.9 times, while that for NIIs was booked 7.78 times. The QIB portion lagged with just 27% of subscriptions.
Credo Brands IPO booked 2.08 times on Day 1, driven by strong retail bidding; GMP rises
Credo Brands IPO is completely an offer for sale of 1.96 crore shares. Since the IPO is an OFS, the proceeds will entirely go to the selling shareholders and not the company.
Credo Brands IPO opens. Should you subscribe to the issue?
The issue is completely an offer for sale (OFS) of 1.96 crore shares. Since the IPO is an OFS, the proceeds will entirely go to the selling shareholders and not the company. About 50% is reserved for qualified institutional buyers, 35% for retail investors, and the rest 15% for non-institutional investors.
Credo Brands IPO to open on December 19: Here are 10 things to know about the offer
Under the OFS, promoters Kamal Khushlani, Poonam Khushlani, Andrew Khushlani, and other investor shareholders like Concept Communication, Bela Properties, Jay Milan, Sagar Milan will offload shares.
Credo Brands Marketing IPO price band fixed at Rs 266-280 per share
Credo Brands IPO is being made through the book building process, where 50% is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors. At the upper end of the price band, the company plans to raise about Rs 550 crore.
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