CREDO BRANDS IPO SIZE
Vraj Iron and Steel IPO subscribed nearly 40 times so far on last day. Check GMP and other details
Analysts advised investors to subscribe to the Vraj Iron and Steel IPO as the company's well-established and strategically located manufacturing facilities, coupled with a focus on value-added products and ongoing expansion plans, position it for future growth. The company's shares are trading with a premium of Rs 90 in the unlisted market,
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.
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 high on luxury quotient, raises Rs 161 cr from anchors
Private equity-backed Stanley Lifestyles, the fourth-largest player in India's home furniture market, is set to launch a ₹537 crore IPO. The company's revenues have more than doubled, and net profit has grown significantly in recent years.
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.
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.
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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.
Hyundai Motor IPO: 10 things investors should know about the public offer
Hyundai Motor's Indian arm has filed preliminary papers with SEBI for a $2.5-$3 billion IPO. The company aims to raise funds by selling shares through a public offer.
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.
Cred’s secured loan play; Rubrik interview
Happy Tuesday! Kunal Shah-led fintech startup Cred is prepping for an entry into the secured credit space. Details of this and more in today’s ETtech Morning Dispatch.
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.
HOAC Foods IPO booked 17x so far on Day 1; Rulka Electricals' issue subscribed nearly 2x
The initial public offer (IPO) of HOAC Foods is getting a bumper response from investors with an overall subscription of 17 times just within a few hours of opening on Thursday. The issue closes on May 21.
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.
IPO calendar next week: 5 SME issues, 8 listings investors need to watch out for
If we go by the grey market trends, the listings of all eight companies will likely be at a minimum premium of over 20%. Motisons Jewellers is leading the lot as the stock is trading over 100% higher than the IPO price of Rs 55.
Credo Brands GMP signals healthy gains after robust subscription. Check allotment, listing date and key details
Mumbai-based Credo Brands has garnered Rs 165 crore from marquee anchor investors ahead of its issue launch.
Credo Brands IPO share allotment: Here's how you can check status
The share allotment of Credo Brands IPO is likely to be finalised today. Investors received shares on a lottery basis and the whole process was supervised by the registrar.
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.
6 IPOs open for subscription today. Check latest GMP figures
Grey market premium (GPM) is a premium amount at which grey market IPO shares are traded before they get listed on the stock exchange. A higher grey market premium is often a sign of strong listing gains for IPO. Currently, six mainboard IPOs are open and buzzing in the grey market. Take a look:
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.
Get a better idea of Credo Brands' fit post listing
Performance has seen a steady improvement over the past 3 years - with FY21 bearing the brunt of the pandemic and FY23 being the first full year of recovery.
Credo Brands raises Rs 165 crore from anchor investors; RBZ Jewellers bags Rs 25 crore
In case of Credo Brands, out of the total allocation of 58.9 lakh equity shares to anchor investors, 24.99 lakh shares were allocated to domestic mutual funds through a total of 3 schemes amounting to Rs 70 crore which is 42.4% of the total anchor book size.
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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