Garuda Construction IPO ends today: GMP falls flat; should you bid?
The three-day subscription window to bid for the Garuda Construction IPO, which has been oversubscribed 4.10 times, concludes today
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India's regulatory reform could hasten homecoming of IPO-bound startups
Many of the dozens of Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home
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Auto major Hyundai sets ball rolling on India's biggest IPO at Rs 27,856 cr
The firm will be valued at Rs 1.59 trillion at the top-end of the price band of Rs 1,865-Rs 1,960
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Garuda Construction IPO gets subscribed 4.1 times on 2nd day of offer
The initial public offer of Garuda Construction and Engineering got subscribed 4.10 times on the second day of share sale on Wednesday.
The initial share sale received bids for 8,16,77,366 shares against 1,99,04,862 shares on offer, according to data available with the NSE.
The portion meant for Retail Individual Investors (RIIs) got subscribed 6.73 times while the quota for non-institutional investors received 2.58 times subscription.
The category for Qualified Institutional Buyers (QIBs) fetched 91 per cent subscription.
Garuda Construction and Engineering on Monday said it has raised Rs 75 crore from anchor investors.
The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering.
The initial share sale will conclude on Thursday.
The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures.
The IPO size has been pegged at Rs 264 crore at the upper end of the pri
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Hyundai to invest $3 bn IPO proceeds to enhance R&D, new car development
The IPO, which will be India's biggest ever, opens to investors next week and will involve the South Korean parent company selling up to a 17.5 per cent stake in its Indian division
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IPO lock-in exit wave: Bharti Hexacom, Bajaj Housing, DOMS, among others
Here is the list of the companies that will see the end of the lock-in period in the upcoming days, along with their key details
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Physics Wallah in talks with investment bankers, preps for public listing
Edtech company closed a funding round of $210 mn last month, increased valuation to $2.8 bn
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Garuda Construction IPO Day 2: GMP shows slight uptick; Should you invest?
The three-day subscription window to bid for the Garuda Construction IPO will conclude on Thursday, October 10, 2024
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Hyundai Motor India IPO: Key details out; Check timeline, price, GMP & more
Hyundai Motor India IPO: Size, price band, lot size, key dates, GMP, objectives, and more - Everything you need to know about India's largest initial public offering
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Hyundai Motor India to launch $3 bn IPO on Oct 15, know its operations
Hyundai aims to reach production of about 1 million units a year with the acquisition of a former General Motors plant in western Maharashtra state
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Investors subscribe Garuda Construction IPO 1.9 times offer size on Day 1
The initial public offer of Garuda Construction and Engineering got fully subscribed with 1.91 times subscriptions on the first day on Tuesday.
The initial share sale received bids for 3,80,15,666 shares against 1,99,04,862 shares on offer, according to data available with the NSE.
The portion meant for Retail Individual Investors (RIIs) got subscribed 3.43 times while the quota for non-institutional investors received 1.10 times subscription. The category for Qualified Institutional Buyers (QIBs) attracted a mere 2 per cent subscription.
Garuda Construction and Engineering Ltd on Monday said it has raised Rs 75 crore from anchor investors.
The company has fixed a price band of Rs 92-95 per share for its Rs 264-crore initial public offering.
The initial share sale will conclude on October 10.
The IPO is a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures.
The IPO size has been pegged at Rs 264 crore at the
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NSDL gets Sebi nod for IPO over a year after filing offer document
At present, NSE holds a 24 per cent share in NSDL, while IDBI is the largest shareholder with a 26 per cent stake
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Hyundai India to open $3 billion IPO at Rs 1,865-1,960 price band: Report
The $3 billion IPO will open for subscriptions for big institutional investors on Oct 14, and invite bids from retail and other categories during Oct 15-17
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Zinka Logistics gets Sebi nod for Rs 550-cr IPO; key details for investors
Through the IPO, Zinka Logistics is offering a fresh issue of shares of up to Rs 550 crore and an offer for sale of up to 21.61 million equity shares, with a face value of Re 1 apiece
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Sebi greenlights NSDL IPO: NSE, HDFC Bank among others to pare stakes
The Sebi nod for the NSDL IPO came more than a year after the company submitted its DRHP to Sebi on July 7, 2023
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Garuda Construction IPO opens: GMP rises marginally; should you subscribe?
Garuda Construction has succeeded in garnering reviews from several brokerages including Anand Rathi Research, SMIFS, and Arihant Capital Markets for its IPO
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Suraksha Diagnostic gets Sebi's go ahead to raise funds through IPO
Integrated diagnostic chain Suraksha Diagnostic Ltd has received Sebi's go ahead to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Monday.
The Kolkata-headquartered company's proposed IPO consists of an Offer-for-Sale (OFS) of up to 1.92 crore equity shares by promoters and investor shareholders, with no fresh issue component, according to the Draft Red Herring Prospectus (DRHP).
Under the OFS, promoters -- Somnath Chatterjee, Ritu Mittal, Satish Kumar Verma and investors -- OrbiMed Asia II Mauritius Ltd, Munna Lal Kejriwal and Santosh Kumar Kejriwal will offload shares.
The company, which had filed preliminary IPO papers in July, obtained the regulator's observation on September 30, the update showed.
In Sebi's parlance, obtaining its observations means the regulator's go ahead to float the public issue.
As per the draft papers, the company will not receive any proceeds and all the funds will go to the selling shareholders as
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Hero Motors withdraws DRHP documents for raising Rs 900 crore through IPO
Hero Motors Ltd, the auto-components firm of the Hero Motors Company (HMC) Group, has withdrawn its documents for an initial public offering (IPO) worth Rs 900 crore, an update with markets regulator Sebi showed on Monday.
In its draft papers, the company had proposed to raise Rs 500 crore through a fresh issuance of equity shares and an offer for sale (OFS) of shares valued at Rs 400 crore by promoters.
Under the OFS, O P Munjal Holdings was offloading shares valued at Rs 250 crore while Bhagyoday Investments and Hero Cycles were selling shares to the tune of Rs 75 crore each.
It had filed its draft red herring prospectus (DRHP) in August with Sebi to seek the regulator's nod to float IPO.
Without disclosing the reason, the company said its "DRHP (was) withdrawn on October 5, 2024".
Going by the draft papers, proceeds from the fresh issue was proposed to be used for debt payment and purchase of equipment required for expansion in the capacity of the company's facility in Gautam
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Mankind Pharma, Bajaj Housing, Ola Electric, 40 others to exit IPO lock-in
Here is the complete list of stocks exiting their IPO lock-in period between October 8, 2024, and December 31, 2024
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Garuda Construction IPO: 23% GMP, Rs 1,400-cr order book; should you bid?
The public issue comprises a fresh issue of 18,300,000 shares and an offer for sale of 9,500,000 shares with a face value of Rs 5 each
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IPO mkt braces for slowdown; 2 new issues targeting Rs 365 cr next week
After a wave of initial public offerings (IPOs) in recent weeks, the primary market will experience a brief slowdown, with only two new public issues scheduled for the next week, aiming to raise Rs 365 crore.
There were 12 IPOs in the mainboard segment and 40 in the SME (small and medium enterprise) segment in September.
IPOs scheduled for next week, beginning October 7, are Garuda Construction and Engineering on the main board and Shiv Texchem on the SME segment.
Garuda Construction is seeking to raise Rs 264 crore, and Shiv Texchem is aiming for over Rs 101 crore through their respective IPOs available for public subscription during October 8-10.
The stock market has seen a significant correction in the equity market since the start of October amid intensifying conflict between Israel and Iran.
Despite the temporary slowdown, overall, the outlook for the IPO market is promising, with 26 firms proposing to raise Rs 72,000 crore presently holding Sebi's approval while another 55 .
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Dev Accelerator plans Rs 125 cr IPO amid high demand for office spaces
Dev Accelerator Ltd, which provides flexible office spaces, has filed a draft document with Sebi to launch its initial public offering (IPO) to raise around Rs 125 crore.
Dev Accelerator (DevX) is promoted by listed entity Dev Information Technology Ltd.
DevX's IPO is entirely a fresh issue of 2.47 crore equity shares (face value of Rs 2), with plans to list on both the NSE and BSE. The company proposes to utilise Rs 68.95 crore for "fit-outs" in the new centres and their security deposits.
It proposes to use Rs 30 crore towards repayment and/or prepayment (in full or in part) of certain borrowings, according to the draft red herring prospectus (DRHP) filed with markets regulator Sebi.
The remaining amount will be allocated for general corporate purposes, including strategic initiatives, strengthening marketing capabilities and brand building exercises, payment of lease liabilities, among others.
This capital infusion will enable DevX to expand its footprint in major cities, inclu
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Swiggy launches 10-minute food delivery service Bolt in six key cities
Bolt offers popular dishes like burgers, hot beverages, cold beverages, breakfast items, and biryani that require minimum preparation time
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IPO calendar next week: 7 issues to garner investors attention; Full list
This week saw the successful listing of three mainline IPOs - KRN Heat Exchanger, Diffusion Engineers, and Manba Finance - setting the stage for another promising week ahead for investors
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Diwali delight: Hyundai Motor India IPO to spark investor interest; details
The Hyundai Motor India IPO will mark the first time in two decades that a carmaker has gone public in India, following Maruti Suzuki's listing in 2003
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Swiggy gets shareholder nod to use provision to upsize IPO fresh issue
Swiggy's original IPO size eked out NTPC Green Energy's $1.2 billion public offering filing to be the largest in the country this year
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Hyundai Motor India likely to launch Rs 25,000 crore IPO on Oct 14
Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, is expected to launch its much-awaited Rs 25,000-crore initial share-sale for public subscription on October 14, people familiar with the development said on Thursday.
This would be the largest initial public offering (IPO) in India after LIC's initial share sale of Rs 21,000 crore.
According to the Draft Red Herring Prospectus (DRHP) filed in June, Hyundai Motor India's proposed IPO is entirely an Offer-for-Sale (OFS) of 142,194,700 equity shares by promoter Hyundai Motor Company, with no fresh issue component.
Sources had previously stated that the South Korean automaker is looking to raise at least USD 3 billion (about Rs 25,000 crore) through an initial share sale.
This development marks a significant milestone for the Indian industry, as it is the first automaker's initial share sale in over two decades, following Japanese automaker Maruti Suzuki's listing in 2003.
The South Korean parent is diluting s
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Garuda Construction and Engineering's Rs 264 crore IPO to open on Oct 8
Garuda Construction and Engineering Ltd on Thursday said it has fixed a price band of Rs 92-95 per share for its Rs 264-crore Initial Public Offering (IPO).
The initial share sale will open for public subscription on October 8 and conclude on October 10, the Mumbai-based company announced.
The IPO is a mix of fresh issue of 1.83 crore equity shares and an Offer For Sale (OFS) of 95 lakh equity shares by promoter PKH Ventures.
The IPO size has been pegged at Rs 264 crore at the upper end of the price band.
Proceeds from its fresh issuance to the extent of Rs 100 crore will be utilised for working capital requirements; and balance towards general corporate purposes including unidentified inorganic acquisitions.
Half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Investors can bid for a minimum of 157 equity shares and in multiples of 157 equity shares thereafter
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KRN Heat Exchanger shares make bumper debut; what should investors do?
KRN Heat Exchanger and Refrigeration make a robust debut at Rs 470 on BSE inline with Street's expectations
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Rahee Infratech files IPO papers with Sebi, aims to raise Rs 420 crore
Rahee Infratech Ltd, an integrated railway civil engineering, manufacturing and construction firm, has filed preliminary papers with markets regulator Sebi for raising funds through an Initial Public Offering (IPO), comprising Rs 420 crore through fresh issuance of shares.
Apart from fresh issues, the offer will have an Offer For Sale (OFS) component of 27.8 lakh equity shares by its promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Monday.
The Kolkata-based company may also consider raising Rs 84 crore in a pre-IPO placement round. If such placement is carried out, the fresh issue size will be reduced.
Proceeds from the fresh issue to the extent of Rs 50 crore will be utilised for the purchase of machinery, equipment and vehicles; Rs 280 crore for funding the working capital requirements of the company and the rest for general corporate purposes.
Rahee Infratech is focused on providing manufacturing and construction services including the design, supply, ..
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Varindera Constructions files draft papers to secure Rs 1,200-cr via IPO
Varindera Constructions has filed draft papers with capital markets regulator Sebi to mobilise Rs 1,200 crore through an initial share sale.
The proposed IPO (Initial Public Offering) is a mix of fresh issue of equity shares valued at Rs 900 crore and an Offer For Sale (OFS) of shares worth Rs 300 crore by promoters, draft papers filed on Monday showed.
Varinder Kumar Garg and Sushma Garg will offload shares worth Rs 201 crore and 99 crore, respectively under the OFS.
Proceeds from the fresh issue will be utilised for the purchase of equipment, to support the working capital requirements of the company, payment of debt and for general corporate purposes.
Varindera Constructions is an integrated Engineering, Procurement and Construction (EPC) company with experience in the construction of building projects, including residential units, and office complexes, as well as undertaking infrastructure projects such as metro depot and aircraft hangar.
In the last 10 fiscal years (ended Mar
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Vikram Solar files draft papers to raise Rs 1,500 crore through IPO
Solar module maker Vikram Solar on Tuesday said it has filed draft papers with market regulator Sebi seeking permission to raise Rs 1,500 crore through an initial public offering (IPO).
The initial share sale will include fresh issues of equities worth up to Rs 1,500 crore and an offer for sale (OFS) of up to 17.45 million shares by its promoter group, the Kolkata-based firm said.
The issue at a face value of Rs 10 each will include a fixed quota for eligible employees, alongside a discount for those participating in the employee subscription portion, according to the draft red herring prospectus (DRHP) filed by the company.
Besides, the company may also consider issuing specified securities up to Rs 300 crore as a "pre-IPO placement", it said.
Of the total issue size, up to 50 per cent of shares will be allocated to qualified institutional buyers, 15 per cent to non-institutional bidders, and the remaining 35 per cent will be open for retail subscriptions by individual investors.
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IPO Alert! Ashish Kacholia backed Vikran Engineering files DRHP with Sebi
The public issue of Vikran Engineering comprises a fresh issue of shares up to Rs 900 crore and an offer for sale (OFS) with promoter Rakesh Ashok Markhedkar offloading shares of up to Rs 100 crore
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Upcoming IPO! Black galaxy granite player, Midwest files DRHP with Sebi
With the IPO, Midwest is offering a fresh issue of shares up to Rs 250 crore and an offer for sale (OFS) of up to Rs 400 crore
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KRN Heat Exchanger IPO: Investors eye 2x listing returns; check GMP trend
KRN Heat Exchanger IPO shares are expected to make their market debut on Thursday, October 3, 2024. Here's what the grey market premium (GMP) trends indicate about listing
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