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Globe Civil Projects IPO subscribed over 11 times on Day 2 so far; Check GMP and other details
Economic Times
·
21d ago
Medial
The IPO of Globe Civil Projects, a New Delhi-based engineering and construction company, saw high demand, with 11.08 times subscription by day two. Non-institutional investors led with 13.95 times subscription. The company plans to use the proceeds for working capital, equipment purchase, and general corporate purposes. Priced between Rs 67 to Rs 71 per share, the IPO's shares were trading at a Rs 12 premium in the grey market, indicating a potential 17% gain.
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Glen Industries IPO GMP at 31% as issue gets subscribed over 6 times on day 2, so far
Economic Times
·
7d ago
Medial
Glen Industries' IPO, with a Rs 97 upper price band, saw a grey market premium of 31% on its second day, predicting a listing at Rs 127. The IPO was subscribed over six times, with notable demand from Retail Individual Investors. The company, which produces eco-friendly packaging, plans to use IPO funds for a new manufacturing facility in West Bengal, aiming for a revenue of Rs 1,000 crore by 2030.
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Travel Food Services IPO subscribed 27% on day 3; check GMP, and other details
Economic Times
·
7d ago
Medial
The Travel Food Services IPO was subscribed 27% on its final day, attracting a muted response from investors. The retail portion saw a 31% subscription, while non-institutional investors subscribed 28%, and qualified institutional buyers subscribed 19%. The IPO, which included no fresh equity, had a grey market premium suggesting a modest listing gain. The company raised Rs 599 crore from anchor investors and operates India's largest airport food and lounge network.
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Unicommerce's ₹277-crore IPO fully subscribed on first day
Inshorts
·
11m ago
Medial
SaaS startup Unicommerce eSolutions' ₹276.6-crore IPO was fully subscribed on the first day of the bidding. As of 2:09 pm, the IPO was subscribed 1.58 times, with the retail portion receiving 7.10 times subscription and the non-institutional category receiving 1.07 times subscription. Promoter AceVector Group (formerly Snapdeal) and SoftBank are offloading up to 2.56 crore shares in the IPO.
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Mobikwik IPO sails through in the first hour of launch
Economic Times
·
7m ago
Medial
Digital payments firm Mobikwik saw strong interest from retail investors as its public issue was fully subscribed within the first hour of opening. Retail investors booked nearly 11 times their allocation, while the total issue was subscribed 2.64 times. The non-institutional investors portion was subscribed 2.35 times. Institutions had limited activity as they usually increase bidding near the issue close. Mobikwik set a price band of Rs 265 to Rs 279 per share for its Rs 572 crore IPO, without an offer for sale component. The company had reduced its valuation significantly to $250 million for the IPO.
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TBO Tek IPO Subscribed 1.15X On Day 1; Motilal Oswal Recommends Subscription
Inc42
·
1y ago
Medial
The initial public offering (IPO) of B2B travel portal TBO Tek was subscribed 1.15 times on the first day of bidding. The IPO received bids for 1.06 crore shares against the 92.85 lakh shares on offer. Retail investors showed the most interest, with bids for 52.75 lakh shares against the 16.82 lakh shares reserved for them. Non-institutional investors subscribed 2.08 times, while qualified institutional buyers (QIBs) subscribed only 0.01 times. The IPO is set to close on May 10. TBO Tek offers travel solutions to travel agents and tour operators.
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Globe Civil Projects sets IPO price band at Rs 67-71/share; to raise 119 cr
Economic Times
·
29d ago
Medial
Globe Civil Projects Ltd, a civil construction and infrastructure firm, has announced its IPO with a price band of Rs 67-71 per share, aiming to raise Rs 119 crore. The IPO will open on June 24 and close on June 26, with shares to be listed on BSE and NSE. Funds will be used for working capital, equipment purchase, and corporate purposes. The company reported significant revenue and maintains a strong order book.
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NTPC Green Energy IPO fully subscribed
YourStory
·
7m ago
Medial
The IPO of NTPC Green Energy, the renewable energy arm of NTPC, was fully subscribed on the third day of the share sale. The Rs 10,000-crore share sale received bids for 1.02 times the shares on offer. The retail investors' portion was subscribed 2.70 times, while the institutional and non-institutional investors' portions were subscribed 75% and 42% respectively. The company has raised Rs 3,960 crore from anchor investors. The IPO proceeds will be used to repay loans and for general corporate purposes. IDBI Capital Markets, HDFC Bank, IIFL Capital Services, and Nuvama Wealth Management are the lead managers.
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Mobikwik IPO subscribed 17 times, driven by retail investors
Economic Times
·
7m ago
Medial
Digital payment application Mobikwik's initial public offering (IPO) has been subscribed 17 times at the end of the second day. The retail portion was subscribed 58 times, while the non-institutional portion was booked 22 times. Institutional buyers are yet to fully subscribe to their reserved shares. Mobikwik aims to raise Rs 572 crore through the IPO. The company raised Rs 257.4 crore from anchor investors, including Peak XV Partners, ADIA, and American Express. In FY24, Mobikwik reported an operating revenue of Rs 875 crore, a 62% increase from the previous year.
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Prostarm Info Systems IPO Fully Subscribed on Day 1; Check Latest GMP
OutlookIndia
·
1m ago
Medial
Prostarm Info Systems' IPO was fully subscribed on its first day, attracting bids for 2,45,12,040 shares against 1,12,00,000 available, raising Rs 168 crore through a fresh issuance of 1.6 crore shares. The price band is set at Rs 95-105 per share, with the listing date expected on June 3, 2025. With a grey market premium of Rs 25, Bajaj Broking recommends subscribing for the long term. The company's bottom-line growth is notable but depends on a few key customers.
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Sai Life Sciences' IPO subscribed 1.25X on Day 2 of bidding
YourStory
·
7m ago
Medial
The IPO of Sai Life Sciences Ltd, backed by TPG Capital, received 1.25 times subscription on the second day. The IPO received bids for 486.23 million shares against 388.29 million shares on offer. The Qualified Institutional Buyers (QIBs) segment had 3.32 times subscription, while non-institutional investors subscribed 59% and retail individual investors subscribed 42%. The IPO, with a price band of Rs 522-549 per share, will conclude on Friday. Sai Life Sciences provides services in the drug discovery, development, and manufacturing for pharmaceutical companies and biotech firms.
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