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Globe Civil Projects IPO subscribed over 11 times on Day 2 so far; Check GMP and other details
Economic Times
·
2m 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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Travel Food Services IPO subscribed 27% on day 3; check GMP, and other details
Economic Times
·
1m 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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Glen Industries IPO GMP at 31% as issue gets subscribed over 6 times on day 2, so far
Economic Times
·
1m 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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Globe Civil Projects sets IPO price band at Rs 67-71/share; to raise 119 cr
Economic Times
·
2m 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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Ashish Kachoia-backed Vikran Engineering IPO gets healthy subscription. Check allotment date, status and GMP
Economic Times
·
21h ago
Medial
Vikran Engineering's IPO, backed by investors like Ashish Kacholia, received strong interest, being subscribed 24.87 times. The IPO, with a Rs 772-crore valuation, saw high demand from non-institutional investors and qualified institutional buyers. The company, which operates in core infrastructure sectors, reported a 17% revenue rise in FY25. Shares have a grey market premium of around 7%. The stock will list on BSE and NSE on September 3, with allotment details accessible online.
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Prostarm Info Systems IPO Fully Subscribed on Day 1; Check Latest GMP
OutlookIndia
·
3m 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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Monika Alcobev IPO subscribed 1.32x on Day 2 so far; Check GMP, and other details
Economic Times
·
1m ago
Medial
Monika Alcobev, founded in 2015, is an Indian importer and distributor of luxury alcoholic beverages. Its IPO, launched on the BSE SME platform, was moderately subscribed at 1.32x by day two, primarily driven by the NII segment. With a price band of Rs 271-286 per share, the company aims to raise Rs 165.63 crore. The IPO includes both fresh issues and an offer for sale, with shares expected to list on July 23.
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Brigade Hotel IPO subscribed 98% on day 2: GMP hints at 7% listing pop
Economic Times
·
1m ago
Medial
Brigade Hotel Ventures' IPO was 98% subscribed on the second day, driven by retail and non-institutional investors. The IPO is priced between Rs 85-90 and is set to close on July 28, with a stock debut on July 31. Operating nine upscale hotels in South India managed under brands like Marriott, the company plans to expand its offerings. Analysts remain divided on the IPO, noting a subdued grey market premium and high valuations compared to peers.
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Amaravati to host drone summit this month
YourStory
·
10m ago
Medial
The civil aviation ministry and the Andhra Pradesh government have announced a two-day drone summit in Amaravati on October 22. The summit will bring together drone companies, foreign entities, and other stakeholders. Additionally, there will be a drone show featuring over 5,000 drones. More than 1,000 delegates have registered for the summit so far. The government is also working on a new Production-Linked Incentive (PLI) scheme for the drone sector, with input being sought from stakeholders. The previous PLI scheme for drones, introduced in 2021 with a budget of Rs 120 crore for three years, has ended.
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BlueStone Jewellery IPO subscribed 2.7 times on Day 3; GMP slips below 1%. Check key details - The Economic Times
Economic Times
·
17d ago
Medial
BlueStone Jewellery is aiming to raise up to Rs 1,541 crore through its IPO, featuring a fresh equity issue and an offer for sale (OFS) by existing investors. The IPO has been subscribed 2.7 times overall, with a notable interest from Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs). Although the grey market response is lukewarm, SBI Securities recommends subscribing for long-term prospects due to BlueStone's strong market position and growth potential.
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Bomb threats to IndiGo, Air India, Vistara: Centre asks Meta, X to share data as over 250 flights receive hoax threats
Livemint
·
10m ago
Medial
The Indian government has requested social media platforms Meta and X to share data regarding hoax bomb threat messages targeting airlines. So far, over 80 flights have been affected by these threats. The government is now working to identify the individuals behind these activities. In the past 11 days, more than 250 flights operated by Indian carriers have received bomb threats, with many of them being issued through social media platforms. The government has traced some of the culprits but has not provided further details on their identities or the origins of the messages.
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