IPO PROCEEDS
![Sahaj Solar IPO allotment expected soon as GMP soars: Here's how you can check status](https://img.etimg.com/thumb/msid-111779800,width-100,height-75,resizemode-4/markets/ipos/fpos/sahaj-solar-ipo-allotment-expected-soon-as-gmp-soars-heres-how-you-can-check-status.jpg)
Sahaj Solar IPO allotment expected soon as GMP soars: Here's how you can check status
Sahaj Solar finalizes IPO allotment soon. Check status on Link Bigshare via Kfin Technologies. Shares premium Rs 240, suggesting 90% gains. The Rs 52 crore IPO at Rs 180 was subscribed 472 times, selling 29.2 lakh shares. Funds for public offer. Sahaj Solar offers PV module manufacturing, pumping systems, EPC services in renewable power. Kunvarji Finstock is the lead manager.
![Macobs Technologies IPO opens today: Check issue size, price band, GMP and other details](https://img.etimg.com/thumb/msid-111773178,width-100,height-75,resizemode-4/markets/ipos/fpos/macobs-technologies-ipo-opens-today-check-issue-size-price-band-gmp-and-other-details.jpg)
Macobs Technologies IPO opens today: Check issue size, price band, GMP and other details
Macobs Technologies' IPO is open until July 19, aiming to raise Rs 19.46 crore. Shares are priced at Rs 71-75, with a GMP of Rs 11. The company reported revenue of Rs 20.74 crore and net profit of Rs 2.21 crore.
![Kataria Industries IPO opens today: Price band, GMP among 10 key things to know before subscribing to the issue](https://img.etimg.com/thumb/msid-111771582,width-100,height-75,resizemode-4/markets/ipos/fpos/kataria-industries-ipo-opens-today-price-band-gmp-among-10-key-things-to-know-before-subscribing-to-the-issue.jpg)
Kataria Industries IPO opens today: Price band, GMP among 10 key things to know before subscribing to the issue
Kataria Industries IPO is now open for subscription, aiming to raise Rs 54.58 crore. Investors can bid for shares at Rs 91-96 per share. The company specializes in manufacturing concrete strands, steel wires, and other products for the engineering sector.
![Sahaj Solar IPO booked nearly 472 times at close; GMP surges to 133%](https://img.etimg.com/thumb/msid-111753169,width-100,height-75,resizemode-4/markets/ipos/fpos/sahaj-solar-ipo-booked-313-times-so-far-on-last-day-gmp-surges-to-133.jpg)
Sahaj Solar IPO booked nearly 472 times at close; GMP surges to 133%
The company's shares are generating significant buzz in the unlisted market, trading at a Grey Market Premium (GMP) of Rs 240. This translates to an impressive premium of 133% over the company's issue price, which is set at Rs 171-180 per share. Investors can bid for a minimum of 800 shares in one lot, and the company aims to raise approximately Rs 52.56 crore through this offering.
![Sanstar's Rs 510-cr IPO to open on July 19; sets price band at Rs 90-95 per share](https://img.etimg.com/thumb/msid-111750606,width-100,height-75,resizemode-4/markets/ipos/fpos/sanstars-rs-510-cr-ipo-to-open-on-july-19-sets-price-band-at-rs-90-95-per-share.jpg)
Sanstar's Rs 510-cr IPO to open on July 19; sets price band at Rs 90-95 per share
Sanstar, a plant-based specialty products company, has set a price range of Rs 90 to Rs 95 per share for its Initial Public Offering (IPO), aiming to raise Rs 510 crore. The IPO will be open for public subscription from July 19 to July 23, as announced by the Ahmedabad-based company.
![Sai Life Sciences files draft papers for nearly Rs 5,000 crore IPO](https://img.etimg.com/thumb/msid-111747182,width-100,height-75,resizemode-4/markets/ipos/fpos/sai-life-sciences-files-ipo-papers-for-nearly-rs-5000-crore-ipo.jpg)
Sai Life Sciences files draft papers for nearly Rs 5,000 crore IPO
The company plans to raise funds through an offer of equity shares (face value Re 1 each) through initial public offerings. The offer comprises a fresh issue of equity shares, aggregating up to Rs 800 crore and an offer for sale (OFS) of up to 61,573,120 equity shares by selling shareholders.
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Tunwal E-Motors IPO opens today: Check issue size, price band, GMP, and other details
The SME IPO of Tunwal E-Motors opened for subscription today and will close on July 18. The company aims to raise Rs 115 crore and list on the NSE SME platform. Here are 10 key things investors should know before subscribing.
Risk factors that are often overlooked in IPO papers
Governance risks in red herring prospectuses include promoters in similar businesses, high related party transactions such as Cello World’s 53% FY23 revenue, regulatory investigations, and Emcure Pharma’s US antitrust cases. Allied Blenders reports statutory dues delays with interest payments, and missing corporate filings suggest documentation gaps. Investors should carefully review these aspects.
Sanstar IPO to open for subscription on July 19; price band fixed at Rs 90-95 per share
Sanstar's IPO is scheduled to open for subscription on July 19 with a price band of Rs 90-95 per share. The company aims to raise Rs 510.15 crore through a combination of fresh issue and offer for sale.
IPO Calendar: 3 new issues, 1 listing to watch out for next week
The lull in the IPO market may only last for a while as 55 companies are gearing up to raise a whopping Rs 68,000 crore through initial share sales in the next few months, according to analysts.
All 4 IPOs launched today subscribed fully. Check GMP and other details
All four SME IPOs—Three M Paper Boards, Prizor Viztech, Sati Poly Plast, and Aelea Commodities—close on July 16. Sati Poly Plast's Rs 17.36 crore IPO saw over 10x subscription at Rs 123-130 apiece, with a 39% listing gain. Prizor Viztech's Rs 25 crore IPO had 6.3x subscription. Three M Paper Boards hit 3.93x; Aelea Commodities, 2.49x.
Investors pile on bids for Sahaj Solar IPO as issue gets 64x subscription on Day 2; GMP soars to 115%
Sahaj Solar's IPO saw 13.47 crore bids for 29.2 lakh fresh shares, being subscribed 64 times. Priced at Rs 171-180 with a GMP of Rs 208, it raised Rs 52.56 crore. Funds are for working capital and corporate purposes. Managed by Kunvarji Finstock and Kfin Technologies, the company has decades' experience in solar solutions across three businesses.
Three M Paper Boards IPO opens today: Check issue size, price band, GMP and other details
Three M Paper Boards IPO: Three M Paper Boards aims to raise Rs 40 crore through its SME IPO. With a potential listing gain of 46%, investors are buzzing about this opportunity in the booming paper industry.
Prizor Viztech IPO opens today: Check issue size, price band, GMP and other details
The SME IPO of Prizor Viztech, which offers CCTV solutions across verticals, seeks to raise Rs 25 crore. Shares are priced at Rs 82-87, and investors can bid for 1,600 shares in a lot. The issue closes on July 16 and will list on the NSE SME on July 22.
Sahaj Solar IPO opens for subscription. Check issue size, price band, GMP and other details
Sahaj Solar IPO: Sahaj Solar's Rs 52.26 crore SME IPO opened on July 11, and will close on July 15. The shares, priced at Rs 171-180, will be listed on NSE SME; size 29.2 lakh shares, lot size 800.
Ganesh Green Bharat IPO allotment: Check status, GMP, listing date and other details
In the unlisted market, the company's shares are trading with a premium of Rs 240. If the trends sustain, the company's shares are expected to list with maximum gains of 90% on July 12. The company has priced the IPO at Rs 190 at the upper end.
These 2 soon-to-list SME IPOs are boasting a GMP of over 100% despite NSE price cap
Ganesh Green Bharat is enjoying a GMP approximately 120% higher than its issue price, while Effwa Infra is seeing a premium of nearly 146% above its IPO price in the unlisted market.
Emcure Pharma IPO GMP: Street anticipates a robust listing tomorrow. Will it trump expectations?
Emcure Pharmaceuticals' shares to debut on stock exchanges with a GMP of Rs 360. Analysts bullish on both short-term and long-term gains. Company aims to use IPO proceeds to reduce debt and boost growth. Revenue grows 11% in FY24 while profit dips 6%.
Effwa Infra and Research IPO opens today: Check issue size, price band, GMP and other details
Effwa Infra and Research IPO is now open for subscription, aiming to raise Rs 51.27 crore. The company offers engineering and project management services in water pollution control. Investors can bid for shares at Rs 78-82 apiece.
Ganesh Green Bharat IPO opens today: Check issue size, price band, GMP and other details
Ganesh Green Bharat IPO will open for subscription, aiming to raise Rs 125 crore for solar and electrical projects. The company's diversified business model and strong financial performance make it a potential investment opportunity.
Ambey Laboratories opens today: Check issue size, price band, GMP & other details
Ambey Laboratories’ SME IPO, aiming to raise Rs 44.68 crore by July 8, offers shares at Rs 65-68 in lots of 2,000. With Rs 100 crore revenue and Rs 6.02 crore profit, it's set to list on NSE SME.
Renewable energy firm ACME Solar Holdings files papers for Rs 3,000-crore IPO
The Gurugram-based company's proposed IPO is a combination of fresh issue of shares worth Rs 2,000 crore and an offer for sale (OFS) of shares valued Rs 1,000 crore by ACME Cleantech Solutions, according to the DRHP. The offer also includes a reservation for a subscription by eligible employees. The company may consider issue of securities to the tune of up to Rs 400 crore as a "pre-IPO placement". If such placement is completed, the fresh issue size will be reduced.
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.
Startups’ new hiring strategies; unprecedented poll buzz online
Happy Thursday! While layoffs continue, startups are strategically refilling certain open positions with lower-salaried junior staff to cut costs. This in today’s ETtech Morning Dispatch.
Wipe out! Sebi-hit SME superstar stock is now down 88% from peak in just 8 months
Varanium Cloud, entangled in Sebi's scrutiny, experienced a drastic decline in its valuation from its peak in October last year. The stock, which hit a 52-week high of 239.5 in October 2023, plummeted to Rs 29.3 in the latest trade, marking a staggering 87% decline.
Mandeep Auto Industries IPO: Check issue size, price band, GMP and other details
Mandeep Auto Industries IPO GMP: Mandeep Auto Industries' SME IPO, aiming to raise Rs 25.5 crore, will be open for subscription until May 15 on NSE SME platform at Rs 67 apiece, with net profit Rs 2.14 crore and 50% reserved for retail investors.
Aadhar Housing Finance IPO: Should you bid for this Rs 3,000 cr offer?
Aadhar Housing Finance IPO, valued at Rs 3,000 crore, offers shares through a combination of fresh issue and offer-for-sale. It aims to cater to low-income housing needs with a focus on lending and general corporate purposes.
Aadhar Housing Finance raises nearly Rs 900 cr from anchor investors
The IPO comprises a combination of a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 2,000 crore by promoter BCP Topco. At the upper end of the price band, the valuation exceeds Rs 13,000 crore.
RK Swamy IPO has lots going for a good bet
Out of the total proceeds from the issue, the company plans to utilise ₹87 crore for working capital needs and ₹33 crore to develop IT infrastructure. In addition, the company plans to invest ₹21.7 crore to set up customer experience centres, and ₹10.9 crore for computer-aided telephonic interview centres and digital video content production studios.
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