The initial public offer (IPO) of KRN Heat Exchanger will open for subscription on September 25. The issue will be available for investors to bid till September 27. Ahead of the issue opening, the company’s shares are trading with a GMP of Rs 240 in the unlisted market, which is a massive 110% premium to … Read more
The shares of Western Carriers listed at the bourses on Tuesday with a discount of 1.16%. The stock listed at Rs 170 on BSE as against an issue price of Rs 172. Meanwhile, on the NSE, the stock listed at Rs 171, down Rs 1 or 0.6%. The IPO received a healthy response from investors … Read more
Casagrand Premier Builder, one of the largest developers in the residential sector, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 1,100 crore through an initial public offering (IPO). The proceeds from the fresh issue, amounting to Rs 150 crore, will be used for … Read more
The initial public offer (IPO) of Manba Finance has opened for subscription today and will close on September 25. Ahead of the issue opening, the company raised Rs 45 crore from anchor investors. The IPO is entirely a fresh issue of up to 1.25 crore shares with no offer-for-sale component. Through the issue, the company … Read more
The Rs 151 crore initial public offering (IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September 23 and will close on September 25. Ahead of the issue, the grey market premium (GMP) for Manba Finance was around Rs 55-60, suggesting a 46% premium over the issue … Read more
The board of HDFC Bank has given its in-principle approval to take its financial services unit HDB Financial Services public through an initial public offering (IPO). Under the IPO, the fresh equity sale will be Rs 2,500 crore. There will be an offer-for-sale component, where interested existing and eligible shareholders of the company may offer … Read more
The SME IPO of SD Retail opens for subscription today and will close on September 24, Wednesday. The company aims to raise nearly Rs 65 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the … Read more
The initial public offering (IPO) of Arkade Developers, which opened for subscription on September 16, has been subscribed 42.7 times on Thursday so far, the last day of the bidding process. Around 1 pm, the issue witnessed robust demand from the non-institutional investors and the retail investors, subscribing to the issue over 100 times and … Read more
The initial public offering (IPO) of Western Carriers was subscribed seven times so far on day 3, receiving nearly 14.6 crore consolidated share bids as of 1 pm on Monday against 2,08,68,467 crore shares available for subscription. The retail portion received a solid response and was booked 10.4 times. The non-institutional investors (NIIs) subscribed to … Read more
The initial public offering (IPO) of Northern Arc Capital, which opened for subscription earlier on Monday, was subscribed 2.87 times on the first day, attracting the strongest demand from retail investors. Retail investors had subscribed to the issue 3.87 times followed by non-institutional investors who booked it 4.48 times. Meanwhile, the qualified institutional buyers (QIBs) … Read more
