INDIGO PAINTS IPO SUBSCRIPTION
Vraj Iron and Steel shares list at 16% premium over IPO price
Vraj Iron and Steel's strong listing surge correlates with its exceptional 126.36 times subscription rate, reflecting robust investor confidence. Analysts highlight risks including regional facility concentration and absence of long-term customer contracts, advising cautious consideration amidst the company's promising outlook.
Vraj Iron and Steel GMP: Will there be a listing pop at the bourses tomorrow?
Vraj Iron and Steel's shares trade at a 67 rupee premium in the unlisted market, suggesting a potential 32% listing gain. However, grey market premiums are volatile and may not be accurate. The strong IPO subscription of 126.36 times reflects investor confidence in the company's prospects.
How investors struck gold in the new-age IPO boom
In the last month, several new-age companies backed by venture capital, have or are set to hit the public markets. This has resulted in a gold rush for their investors. Travel tech platform Ixigo is set to go public next week, while insurtech firm Go Digit and coworking startup Awfis have already listed on the exchanges in the past one month. Their investors, including Peak XV Partners, Elevation Capital, ChrysCapital and TVS Capital and A91 Partners, are sitting on multiple returns from some of these investments.
Investors high on SME IPOs with up to 1,300% returns. Is it time to get sober?
Investors high on SME IPOs with up to 1,300% returns. Marquee investors, top performers like Owais Metal & Mineral Processing, and risks of market manipulation highlighted. Emphasis on due diligence and investor awareness.
Rulka Electricals stock debuts at 123% premium over IPO price
Rulka Electricals listed on the NSE SME platform with a 123.4% premium. The IPO of 11.23 lakh shares received a subscription of 600 times.
Storage Technologies stock lists with 90% premium on BSE SME platform
Storage Technologies Stock Price: The IPO, which was completely a fresh equity issue of 38 lakh shares, received a bumper response from investors with an overall subscription of over 200 times at close.
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Blue Pebble shares list at 18% premium over issue price
The shares of Blue Pebble debuted on the NSE SME platform with a premium of 18.45%. The stock was listed at Rs 199 apiece, compared with an offer price of Rs 168.
JG Chemicals debuts with 5% discount to IPO price
JG Chemicals shares debut at a 5.4% discount, listing at Rs 209 (NSE) and Rs 211 (BSE). It received an overall subscription of nearly 28 times. The net proceeds will be used towards investment in its material subsidiary, debt repayment, capex, working capital, and general corporate purposes.
JG Chemicals IPO subscribed 27 times over 3-day period. Check GMP and other details
JG Chemicals IPO GMP: The issue received over 22.69 crore consolidated share bids against 8,168,714 shares available for subscription. The retail portion of the issue was subscribed 17.43 times while the non-institutional category (NII) category was subscribed 46.32 times.
JG Chemicals IPO: Issue subscribed 4 times so far on Day 2. Check GMP and other details
The initial public offer (IPO) of Zinc Oxide maker JG Chemicals was subscribed four times so far on Wednesday, day two of the bidding process. The issue received over 3.26 crore consolidated share bids against 8,168,714 shares available for subscription.
Retail investors take JG Chemicals IPO past full subscription on Day 1. Check GMP and other details
Analysts advised investors to subscribe to the issue as the company is a market leader with a strong customer base. At the upper price band, the issue is valued at an EV/EBITDA of 12.3x based on FY23 earnings.
JG Chemicals IPO opens for subscription. Should you bid?
JG Chemicals IPO: The IPO of JG Chemicals opened for subscription. It includes a fresh equity issue and an offer for sale. The proceeds will be used for investment in its material subsidiary, debt repayment, capex, working capital, and general corporate purposes.
Zinc oxide maker J G Chemicals announces IPO dates, price band. check details
Kolkata-based Zinc Oxide manufacturer J G Chemicals has fixed a price band of Rs 210-221 for its maiden public offer, which opens for subscription on March 5.
JG Chemicals' Rs 251-crore IPO to open on March 5
Zinc oxide manufacturer JG Chemicals on Thursday fixed a price band of Rs 210-221 apiece for its Rs 251-crore Initial Public Offering (IPO). The initial share sale will open for public subscription during March 5-7 and the bidding for anchor investors will open for a day on March 4, the company said.
Mukka Proteins IPO price band set at Rs 26-28/share. Check lot size and other key details
The issue will be a book-building process where investors will be allowed to make bids for a minimum of 535 shares and in multiples thereafter. Up to 35% of the issue has been reserved for retail investors while non-institutional investors have been allocated 15%.
Q3 earnings, global cues, FII flows among 8 factors to set trajectory for D-Street this week
In the coming week, the trajectory of domestic equities will be influenced by Q3FY24 earnings, including those of HDFC Bank and Reliance Industries. Global markets, corporate actions, and fund flows will also play a significant role. Investors will closely monitor the movement of global equities, particularly in China and Taiwan. Key macro-economic data to watch includes consumer price inflation in the UK and the US Fed's Beige Book.
SME IPO: Shanti Spintex share price hits 5% upper circuit after listing
Shanti Spintex IPO, which was completely a fresh equity issue of shares, saw a subscription of 27.38 times at close. The category reserved for non-institutional investors was subscribed the most at 57 times, followed by retail investors at 22 times and institutional investors at 14.34 times.
Tata Tech, DMart among 10 big-ticket IPOs that gave over 50% listing gains to investors
Tata Technologies debuted at Rs 1,200, a substantial increase from the issue price of Rs 500. This 140% premium marked the best listing in two years and the all-time best for IPOs with a value of Rs 1,000 crore and above. The previous record for the best listing in the Rs 1,000-crore plus IPO category was held by Avenue Supermarts. Here's a look at IPOs of over Rs 1,000 crore that gave listing pop to investors. (Source: ETIG)
Hemang Jani says no merit in going for Tata Tech IPO. Here’s why
“IREDA looks like a good bet for people who want to participate. From a sector perspective, from a group perspective, that looks quite compelling. But I am baffled by Tata Technology. I am really trying to figure out what exactly this company is trying to do and what is the purpose of doing the IPO.”
Forging a new path: ET Women Ahead shines spotlight on the most successful women in India Inc
The final list of 29 – selected from an initial list of 115 female leaders from corporate India – are the names to keenly watch for in the days ahead. If previous track records are anything to go by, they are all set to scale even greater heights in India Inc.
SAMHI Hotels IPO opens: Should you subscribe or skip?
The issue, which closes on September 18, comprises a fresh issuance of equity shares worth Rs 1,200 crore and an offer for sale (OFS) of up to 1.35 crore equity shares.
Investing Beyond Perception: Tackling the relativity trap
“During the past decade, the top 4 players (Asian, Berger, Kansai, and Akzo) have grown at the cost of unorganized players, with a revenue CAGR of approximately 11% (compared to the industry's 9% CAGR)”
21 stocks hit 52-week lows in a week when Sensex scaled record high
Potential risks highlighted by Macquarie Capital Securities for Paytm’s business from the foray by Reliance Industries into financial, prompted investors to dump shares of One97 Communications, which has already been one of the worst performers in 2022 so far.
12 big-ticket IPOs leave investors high & dry as stocks crack 50-65% from highs
Topping the losers' list are the known loss-making new-age tech stocks. PB Fintech, at the forefront, clocked over 67% fall from the high of Rs 1,470, shows data available from ACE Equity. Following it, and a close second is Paytm's parent One97 Communications which is down 66.5% from an all-time high of Rs 1,961.05.
LIC listing, FII outflow among 5 factors that will steer market this week
Selling by foreign institutional investors have kept the market under pressure. As per latest data available, they have already withdrawn Rs 25,216 crore from equities so far in May. Going by the trend, this may continue going forward as well.
Indigo Paints: Will D-Street selloff hit prospects of a hefty listing pop
Shares of Indigo Paints now trade at a premium of Rs 800 in the grey market compared with an earlier high of about Rs 900 apiece.
With Indigo Paints IPO, Sequoia Capital clocks another big gain from a non-tech bet
Sequoia Capital will garner up to Rs 650 crore by selling 7-8% stake in the Indigo Paints in IPO process. It will continue to hold about 28% of the company.
Indigo Paints IPO: Analyst views, peer comparisons, management commentaries
Indigo Paints IPO, which opens for subscription on Monday, has a price band of Rs 1,488-1,490 a share.
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