VIBHOR STEEL IPO NEWS
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.
Bansal Wire IPO booked 59.5 times on last day. Check GMP and other details
The overall subscription stood at 18.78x so far. The categories reserved for NII and QIB investors were subscribed 34 times and 21 times, respectively. Meanwhile, the retail portion of the issue was subscribed the least at 10.54 times.
Bansal Wire IPO: Should you subscribe to the Rs 745 cr-issue?
Bansal Wire IPO: Bansal Wire's IPO offers 2.19 crore shares, closing on July 5. Analysts recommend high-risk investors consider the IPO at a P/E ratio of 41.41x. The company plans to use funds for debt repayment, with a price band of Rs 243-256 per share.
Bansal Wire IPO sails through on Day 1 on robust NII, retail demand. Check GMP and other details
Bansal Wire's IPO saw strong demand from retail and non-institutional investors on the first day, while the QIB portion remained unsubscribed. Proceeds will be used for debt repayment, working capital, and general corporate purposes.
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.
Bansal Wire IPO to open for subscription on Wednesday. Here's what GMP indicates
The company aims to raise approximately Rs 745 crore at the upper end of its price band. Investors can bid for a minimum of 58 shares per lot, with the option to bid in multiples of this lot size. Prior to the IPO subscription, the company's shares were trading at a premium of Rs 65 in the unlisted market.
- Go To Page 1
Sebi approves IPOs of FirstCry, Unicommerce and Gala
Sebi approves IPO plans for FirstCry, Unicommerce, and Gala. FirstCry proposes to utilise the net proceeds up to Rs 1816 crore from the offer towards funding the expenditure for setting up new modern stores under the 'BabyHug' brand, setting up a warehouse in India, expenditure for lease payments for the existing identified modern stores owned and operated by the company, in India. Gala Precision Engineering had filed its IPO papers with Sebi on February 14, 2024. The IPO consists of a fresh issue of equity shares up to 25.58 lakh and an offer for sale up to 6.16 lakh by the promoter group and individual selling shareholders.
Bansal Wire IPO opens Wednesday: Here are 10 things to know about the public offer
The IPO of Bansal Wire is scheduled to open for subscription on July 3 and will close on July 5. The company aims to raise approximately Rs 745 crore through this public offering. This IPO consists entirely of a fresh equity sale of 2.91 crore shares, with no OFS component involved. According to market analysts, Bansal Wire currently commands a GMP of Rs 65 in the unlisted market.
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,
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.
Visaman Global Sales IPO opens today: Check issue size, price band, GMP and other details
Visaman Global Sales IPO opened today to raise Rs 16.05 crore through a fresh equity issue. The company specializes in steel products and aims to utilize the funds for capital expenditure and working capital needs.
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.
Stocks in news: RIL, Hindalco, PNB Housing, Grasim, Tata Steel
State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.
Vraj Iron, Allied Blenders get Sebi nod to raise fund through IPO
Chhattisgarh-based Vraj Iron and Steel and Allied Blenders has received capital markets regulator Sebi's go-ahead to raise funds through respective IPOs.
$17.7 billion worth of shares to enter market in next 3 months as IPO lock-in expires for 66 cos
The value pertains to the total lock-up opening shares and it is important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and groups.
Investors already made a killing in IPOs this year with returns of up to 180%. Check top 5 gainers
It's already been a good year for IPOs with robust listing gains. Out of the 15 companies that made their way to the bourses, only 4 companies opened in the negative while the rest brought cheer to investors. Here are the top 5 IPOs so far in 2024 that returned plenty on debut.
Shares worth $21 billion to enter market in 4 months as IPO lock-in period expires for 66 companies
66 companies are set to see the lock-in period for pre-listing shareholders lifted between March 4 and June 29. This amounts to $21.1 billion in value terms. The value pertains to the total lock-up opening shares, but not all the shares may be sold, as a sizable portion is also held by promoters and group entities
Vibhor Steel Tubes share price nearly triples on listing day. Should you book profits?
Boasting a diverse product portfolio, an established distribution network, and consistent financial performance, Vibhor Steel Tubes possesses a solid foundation for growth, maintained analysts
Vibhor Steel Tubes stock lists with 182% premium over IPO price
Vibhor Steel Tubes Listing Price: Vibhor Steel shares listed with a premium of 182% on the exchanges, debuting at Rs 421 on BSE and Rs 425 on NSE. The solid listing is attributed to a diverse product portfolio, strong financial performance, manufacturing specialties, a long term business arrangement with Jindal Pipes, and revenue growth for working capital funding.
Stocks in news: Whirlpool, Vibhor Steel, Deepak Fertilisers, Sula Vineyards, ONGC
Whirlpool of India's foreign promoter, Whirlpool Corporation, is looking to sell up to 24% stake in the company through block deals in a transaction worth around $450 million, according to news reports.
Vibhor Steel Tubes GMP: Investors await a likely robust listing on Tuesday
Vibhor Steel Tubes IPO garnered a stellar response, receiving an oversubscription of 320 times. The grey market premium is currently sitting at Rs 140 compared with an issue price of Rs 151, indicating listing pop of over 90%.
Vibhor Steel Tubes IPO allotment: Check status, listing date, GMP and other details
The whole allotment process will be overseen by a registrar and investors will get the shares on a lottery basis. There are two ways in which investors can check whether they received any allotment after applying for the IPO
At 300 times, Vibhor Steel IPO becomes most subscribed issue of 2024
"The company focus will remain on improving operating efficiencies through technology enhancements which will strengthen the company's competitive position. Investors looking to invest, can invest in this IPO with a medium to long term perspective," said Master Capital.
Vibhor Steel IPO booked 61 times so far on Day 2. Check GMP and other details
The strong demand was led by non-institutional investors, whose category was subscribed 128 times, followed by retail investors at 64 times. The QIB portion was booked 7 times so far.
Vibhor Steel IPO gets robust response with 27x subscription so far. Check GMP and other details
Vibhor Steel IPO is a fresh equity issue of Rs 72 crore and is priced in the range of Rs 141-151 apiece. About 50% of the issue is reserved for qualified institutional buyers, 15% for non-institutional bidders, and 35% for retail investors. The company's shares are trading with a GMP of Rs 120 in the unlisted market
Vibhor Steel Tubes IPO opens for subscription. Should you bid?
Vibhor Steel Tubes is a manufacturer and exporter of mild steel ERW black and galvanized pipes, hollow steel pipe, cold rolled steel (CR) strips. The company has been in business for over 2 decades.
Vibhor Steel IPO: 10 things to know before subscribing to the issue
The initial public offering (IPO) of Vibhor Steel will open for subscription on Tuesday, February 13, 2023. The issue closes on February 15. The company plans to raise Rs 72 crore through the IPO.
Vibhor Steel Tubes among 4 IPOs set to hit the Street this week. Check details
As the third quarter earnings are about to end, inflows into the primary market are expected to continue as several companies prepare to launch their public offerings this week.
IPO Calendar: Primary market to breathe easy with only 2 IPOs scheduled next week
The Street will see a flurry of listings, four of them in the mainboard segment. Three IPOs of Rashi Peripherals, Jana SFB and Capital SFB opened last week and closed for subscription. The listings of these three public offers are scheduled for next week.
Load More
