INTERNATIONAL GEMOLOGICAL INSTITUTE IPO NEWS
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,
Multibagger Debut! Medicamen Organics stock debuts with 305% premium on NSE SME platform
Medicamen Organics, a pharmaceutical company, saw a successful listing on the NSE SME platform with a substantial premium. The company focuses on international markets, diverse pharmaceutical dosage forms, and global expansion strategies, reflecting its growth potential and market adaptability.
NBFC Avanse Financial files draft prospectus for Rs 3,500 crore-IPO
The Rs 3,500 crore Avanse Financial IPO comprises a fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of up to Rs 2,500 crore by the existing shareholders. Under the OFS, Olive Vine Investment, International Finance Corporation, and Kedaara Capital Growth Fund III will offload shares. Net proceeds for the issue will be utilised for augmenting the capital base to meet the future capital requirements arising out of the growth of business and assets.
Medicamen Organics IPO opens today: Check issue size, price band, GMP and other details
The SME IPO of Medicamen Organics commenced its subscription on Friday and is scheduled to conclude on June 24. The company intends to raise approximately Rs 10.54 crore through this offering. Once successfully subscribed, the shares will be listed on the BSE SME platform.
Vraj Iron and Steel IPO price band fixed at Rs 195-207/share. Issue to open on June 26
Vraj Iron and Steel, which is set to launch its initial public offering (IPO) on June 26, Wednesday, has disclosed a price band of Rs 195 to Rs 207 per equity share. The IPO includes a fresh issue worth Rs 171 crore.
War, money, oil and the shaping of Aramco's giant share sale
A large chunk of this month's $11.2 billion share sale was allocated to foreign investors, leading one person involved in the process to describe it as the deal the IPO was supposed to be. Its success could create a template for future Aramco sell-downs, which now seem likely as the Crown Prince - who's known as MBS - seeks cash to help fund his multitrillion-dollar Vision 2030 economic transformation project.
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Kronox Lab Sciences shares list at 21% premium over issue price
Kronox Lab Sciences boasts a strong position in the specialty fine chemicals sector. Their diverse product portfolio caters to various industries, creating long-term growth potential. High entry and exit barriers due to stringent manufacturing processes offer them a competitive edge.
Kronox Labs IPO GMP: Will there be a healthy listing at the bourses tomorrow?
Before its debut on the exchanges scheduled for Monday, Kronox Labs' shares are enjoying a premium of Rs 40 in the unlisted market.
Visa fee hike hits IT cos; Airport cab fares set to rise
Happy Friday! The hike in H-1B visa fee will hurt IT service companies severely, experts have warned. This and more in today’s ETtech Morning Dispatch.
Go Digit’s D-Street debut; Honasa Consumer Q4 financials
Shares of Go Digit General Insurance started trading on the stock market Thursday. More on this in today’s ETtech Top 5.
Paytm Q4 losses tripled; Oyo IPO withdrawn
Troubled fintech Paytm reported its first quarterly earnings after the RBI banned its payments bank in January. This and more in today’s ETtech Top 5.
Roadblocks for q-commerce; Mizuho InCred deal
Happy Friday! As quick commerce platforms diversify, they are likely to face operational challenges. More on this in today’s ETtech Morning Dispatch.
Digit IPO: tempering tech valuations & other top startup stories this week
This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.
Swiggy IPO: Food-delivery major secures shareholder nod for potential $1.25 billion public offering
Swiggy IPO: Swiggy plans to raise up to Rs 3,750 crore ($450 million) in fresh capital, in addition to an offer-for-sale (OFS) component of up to Rs 6,664 crore ($800 million). The food-delivery major is also looking to raise about Rs 750 crore from anchor investors in the pre-IPO round.
Israel-Iran conflict, Q4 earnings among 11 factors that will steer D-Street this week
The upcoming week promises to show top action with the Iran-Israel conflict taking center stage along with the earnings season which kicked off with the announcement of earnings by TCS. Oil prices, China GDP data, US retail sales figures, and movements in US bond yields and the dollar index will be important macroeconomic events that may influence market sentiments
Vijay Kedia-backed TAC Infosec IPO allotment likely today: Check status, listing date, GMP and other details
The allotment for the SME IPO of Vijay Kedia-backed TAC Infosec, which has seen overwhelming response, will be finalised on Wednesday. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Blackstone eyes $300 million IPO of Indian diamond certification firm: Report
Blackstone acquired IGI for $570 million in May 2023 from Chinese conglomerate Fosun and the business's founding Lorie family. IGI has most of its business in India and describes itself as the world's largest independent lab for testing and grading diamonds and other gemstones and jewelry.
GPT Healthcare to debut tomorrow. Here's what GMP indicates ahead of listing
The shares of GPT Healthcare will debut on the exchanges on Thursday. Ahead of the listing, the company's shares are trading with a premium of Rs 17 in the unlisted market.
Platinum Industries IPO to open for subscription on February 27
Platinum Industries IPO is completely a fresh equity sale of 1.37 crore shares with no offer-for-sale component. The price band for the issue will be announced soon.
Stocks in news: Whirlpool of India, Hindalco, ZEE, Devyani International, Wipro
Whirlpool Corporation on Tuesday sold 30.4 million shares, constituting 24% stake in its Indian unit Whirlpool of India through the open market for $468 million.
GPT Healthcare IPO to open on Thursday. What GMP signals ahead of subscription?
GPT Healthcare has fixed a price band of Rs 177-186 per share for its Rs 525-crore IPO. The issue closes on February 26. Investors can make bids for 80 shares in one lot and multiples thereafter. The proceeds will be used for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and for general corporate purposes.
Kolkata-based GPT Healthcare announces IPO dates. Check details
The IPO, with a face value of Rs 10, consists of a fresh issue of equity shares, aggregating to Rs 40 crore, and an offer for sale (OFS) of up to 2.6 crore equity shares by BanyanTree Growth Capital II, LLC, a Mauritius-based structured private equity.
OTT player Ullu Digital files DRHP with BSE SME platform for IPO
According to reports, the issue size will likely be around Rs 135-150 crore, which will be the biggest ever for any SME company. The IPO is completely a fresh equity sale of 62.62 lakh shares with no offer for sale component.
Vibhor Steel IPO: Check dates, price band, issue size and other details
The initial public offer (IPO) of Vibhor Steel will open for subscription on February 13 and close on February 15. The IPO, which is priced at Rs 141-151 per share, is completely a fresh equity issue worth Rs 72 crore.
IPO Calendar: 6 new issues, 10 listings to drive primary market action next week
Currently, there are 25 draft offer documents, filed by various companies, under process with the market regulator Sebi. Nearly 30 companies have already received a green signal from the regulator, aimed at raising over Rs 30,000 crore. Meanwhile, about 40 other companies have submitted their DRHPs for approval.
Vijay Kedia-backed TAC Security files DRHP for IPO with NSE Emerge
Ace investor Vijay Kedia-backed TAC Security has filed its draft red herring prospectus with NSE Emerge to raise funds through an IPO. Vijay Kedia owns 15% of the company.
BLS E-Services IPO to open on January 30. Check price band, issue size and other details
BLS E-Services IPO comprises a fresh equity issue of 2.3 crore shares. The company plans to raise around Rs 311 crore via the initial share sale. There is no offer-for-sale segment in the public offer.
Konstelec Engineers IPO: GMP doubles on first day. Check subscription, price band and other details
Konstelec Engineers IPO, priced at Rs 66-70 per share, aims to raise approximately Rs 28.70 crore. The issue has been subscribed 11 times on the first day, with the retail category booked nearly 20 times. The NII portion has been subscribed 6.23 times, and institutional investors' portion received 3.52 times bids. Konstelec Engineers plans to utilize the funds for working capital expenses, procurement support, and general corporate purposes.
Engineering solutions provider Diffusion Engineers files DRHP for IPO
Diffusion Engineers issue is being made through the book-building process, wherein 50% of the offer will be available for allocation on a proportionate basis to qualified institutional buyers (QIB), 15% to non-institutional investors and 35% to retail investors.
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