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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.
3 stocks to trade ex-rights tomorrow. Last opportunity to buy shares
A rights issue occurs when a company asks its current shareholders to buy additional shares at a discount before a certain date. This gives shareholders the right, but not the obligation, to purchase new shares at a discount to the market price up to a specified future date.
MM Forgings 1:1 bonus issue: Last day to buy shares to qualify before record date
MM Forgings' 1:1 bonus share issuance is set for July 16, marking its golden jubilee. Eligible shareholders will receive one bonus share per share, credited by July 28. This, the fourth issuance, capitalizes Rs 24.14 crore from reserves. Q4 2024 saw revenue up 20%, profits up 36%, and shares surged 48%, per Trendlyne. Today is the last qualifying day.
Effwa Infra and Research stock debuts with 90% premium over issue price
Effwa Infra Share Price: Effwa Infra and Research's shares debuted on the NSE SME platform with a 90% premium on Friday, opening at Rs 155.8 compared to an issue price of Rs 82. Prior to listing, the company's shares traded at a premium of Rs 74. The IPO, consisting of a fresh equity sale of Rs 43 crore and an Offer for Sale (OFS) of Rs 7.68 crore, garnered strong investor interest, oversubscribing by over 200 times at close.
What would Hyundai IPO valuation be if priced at par with Maruti Suzuki?
The upcoming Hyundai Motor India IPO could be priced at different levels, ranging from Rs 1,265 to Rs 1,988 per share. With plans to raise $3.5 billion, the company aims to capitalize on the low-penetrated Indian car market. Valuation concerns compared to global peers have been highlighted by experts.
Emcure Pharma shares debut with 31% premium over issue price
Before listing, the company's shares traded at a Rs 360 premium in the grey market. It raised Rs 582 crore from anchor investors, including HDFC MF, ICICI Pru MF, SBI MF, Abu Dhabi Investment Authority, Goldman Sachs Asset Management, Nomura, and HDFC Life. Analysts are bullish on the IPO for listing gains and long-term growth, citing its strong position in domestic therapeutics and expansion plans in India and exports.
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Alliance Integrated Metaliks 2:1 bonus issue: Last day today to buy shares to qualify before record date
Alliance Integrated Metaliks has set July 11 as the record date for a 2:1 bonus share issuance, making today the deadline to buy shares and qualify. Shareholders will receive two bonus shares for each held. The company plans to use Rs 26.33 crore from reserves/premiums for the bonus issue.
Emcure Pharma IPO GMP rises on share allotment day, indicating healthy listing
Following a healthy response to the IPO of Emcure Pharmaceuticals, the shares of the company are commanding a healthy premium of Rs 360 in the unlisted market.
This smallcap multibagger stock to consider bonus issue on July 19. Check details
BigBloc Construction's Board to discuss bonus share issue and share capital increment. Company shows strong financial performance with notable growth in sales and profit. Bonus shares to reward existing shareholders and boost liquidity. Chairman optimistic about future growth prospects.
Bansal Wire IPO share allotment expected soon. Check status, GMP, listing date and other details
Bansal Wire's IPO saw strong interest with 58 times subscription. Share allotment to be finalized on Monday. Company is the largest stainless steel wire manufacturer in India, catering to various sectors. Unlisted shares trading at a premium of Rs 76.
Emcure Pharmaceuticals IPO booked nearly 5x so far on Day 2. Check GMP and other details
Emcure Pharmaceuticals' IPO has been oversubscribed nearly three times as of Thursday, the second day of bidding. The bidding concludes on July 5. The categories reserved for NII and retail investors were subscribed the most at 13 times and 3.43 times, respectively.
Allied Blenders shares list at 13.8% premium over offer price
Allied Blenders and Distillers, after a successful IPO, intends to use ₹720 crore from the fresh issue to repay outstanding borrowings and for general corporate purposes. The company's strategic financial decisions align with its growth objectives and market positioning.
Allied Blenders and Distillers shares list at 14% premium over issue price
Allied Blenders, post IPO debut, saw a 14% premium. The company holds 8% IMFL market share in India. Revenue grew by 9% and profit after tax by 50%. Facing financial volatility, it expanded the product portfolio with a strong brand presence.
GPT Infraprojects 1:1 bonus issue: Last day today to buy shares to qualify before record date
GPT Infraprojects amazes with soaring net profits and stake acquisition, reflecting a prosperous future ahead.
Sylvan Plyboard stock debuts with 20% premium on NSE SME platform
Sylvan Plyboard's IPO on NSE SME platform debuted with a 20% premium. Reporting revenues of Rs 162 crore and a net profit of Rs 4.47 crore, the company distributes products through authorized dealers and sub dealers.
Oil India among 10 stocks in focus this week for bonus issues, stock splits, and buybacks
Oil India and Vertoz Advertising, among other companies, are set to be in the spotlight this week as they near their record dates for bonus issues, stock splits, buybacks, and demergers. The record date, determined by each company, determines eligibility for these corporate actions, requiring shares to be held in a Demat account on that date to qualify.
Stanley Lifestyles lists at 34% premium
The IPO consisted of a fresh issue of ₹200 crore and an offer for sale of 91.3 lakh shares aggregating to ₹337 crore on the upper price band. The offer was subscribed 96.98 times on its final day of bidding on June 25.
CDSL to consider bonus share issue on July 2, stock surges 16%
CDSL Share Price: The record date for CDSL's bonus is yet to be determined. Based on the available information, this will mark the first instance of the company issuing bonus shares to its shareholders.
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.
Stanley Lifestyles shares list at 35% premium over issue price
Stanley Lifestyles' successful IPO debut and premium listing reflect its position as a leading luxury furniture brand. With strong financial backing and strategic partnerships, the company is poised for significant growth in the upscale furniture market.
Dindigul Farm Product shares list at 90% premium on BSE SME platform
Dindigul Farm Product's successful IPO debut and premium listing showcased strong investor interest, with revenues reaching Rs 68.74 crore by December 2023, managed by Beeline Capital Advisors and Link Intime India.
Winny Immigration stock debuts with 71% premium on NSE SME platform
Winny Immigration's successful NSE SME platform debut with a premium reflects investor confidence, supported by strong financial performance and a focus on enhancing global mobility through visa consultancy services.
Akme Fintrade IPO share allotment likely on Monday. Here's how you can check status
The funds are being raised primarily to augment its capital base. As per RBI norms, the minimum capital adequacy for an NBFC should be 15%
Inox Green Energy Services board to meet on 26 June; to consider fundraise options
Inox Green Energy Services Limited plans to raise funds through preferential allotment and warrant issuance in a board meeting on June 26, aiming to acquire Rs 1000 crore for future ventures.
JM Financial shares fall 5% on SEBI ban from managing debt public issues
Shares of JM Financial declined by 5% to Rs 83 during Friday's intraday trading on the BSE. This drop followed a decision by the markets regulator SEBI on Thursday, confirming interim measures to prohibit the company from serving as a lead manager for public issues of debt securities until March 31, 2025.
BPCL bonus issue: Last day to buy shares to qualify before record date
BPCL had announced June 22 as the record date for its 1:1 bonus share issuance. Friday is the last day to buy shares to qualify for receiving the company's bonus shares. The bonus shares are expected to be credited to shareholders' accounts by July 8, as per a previous filing with the stock exchanges.
HPCL bonus issue: Last day today to buy shares to qualify before record date
Earlier in May, HPCL announced that it would be issuing bonus shares to its eligible shareholders in the ratio 1:2, which means that for every two shares of the company held by the shareholders, they will receive one bonus share in their Demat account.
Vodafone Idea may offer more shares to vendors to clear dues
Vi is saddled with around ₹20,000 crore of overall payables (including ₹13,731 crore trade payables) and proposes to use the ₹24,000 crore equity capital recently raised only for fresh capex to expand 4G coverage and roll out 5G networks. Trade payables, typically, reflect Vi's dues to vendors such as network gear suppliers and tower firms.
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