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Globe Civil Projects IPO subscribed over 11 times on Day 2 so far; Check GMP and other details

Economic Times

Economic Times · 1m ago

Globe Civil Projects IPO subscribed over 11 times on Day 2 so far; Check GMP and other details

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

Economic Times · 1m ago

Travel Food Services IPO subscribed 27% on day 3; check GMP, and other details

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.

Glen Industries IPO GMP at 31% as issue gets subscribed over 6 times on day 2, so far

Economic Times

Economic Times · 1m ago

Glen Industries IPO GMP at 31% as issue gets subscribed over 6 times on day 2, so far

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.

Globe Civil Projects sets IPO price band at Rs 67-71/share; to raise 119 cr

Economic Times

Economic Times · 1m ago

Globe Civil Projects sets IPO price band at Rs 67-71/share; to raise 119 cr

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.

Prostarm Info Systems IPO Fully Subscribed on Day 1; Check Latest GMP

OutlookIndia

OutlookIndia · 2m ago

Prostarm Info Systems IPO Fully Subscribed on Day 1; Check Latest GMP

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.

Monika Alcobev IPO subscribed 1.32x on Day 2 so far; Check GMP, and other details

Economic Times

Economic Times · 23d ago

Monika Alcobev IPO subscribed 1.32x on Day 2 so far; Check GMP, and other details

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.

Brigade Hotel IPO subscribed 98% on day 2: GMP hints at 7% listing pop

Economic Times

Economic Times · 15d ago

Brigade Hotel IPO subscribed 98% on day 2: GMP hints at 7% listing pop

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.

Monarch Surveyors IPO subscribed 24.40 times; Check GMP, price band and other details

Economic Times

Economic Times · 17d ago

Monarch Surveyors IPO subscribed 24.40 times; Check GMP, price band and other details

Monarch Surveyors and Engineering Consultants' IPO, valued at Rs 94 crore, has been highly successful, with a subscription rate of 24.40 times due to significant interest from retail investors. Set between Rs 237 and Rs 250 per share, the IPO enjoys a Grey Market Premium of 68%, suggesting potential listing gains. Funds raised aim to enhance operations, including machinery acquisition and working capital, boosting Monarch’s growth in civil engineering consultancy.

Amaravati to host drone summit this month

YourStory

YourStory · 9m ago

Amaravati to host drone summit this month

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.

Mobikwik IPO subscribed 17 times, driven by retail investors

Economic Times

Economic Times · 8m ago

Mobikwik IPO subscribed 17 times, driven by retail investors

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.

Bomb threats to IndiGo, Air India, Vistara: Centre asks Meta, X to share data as over 250 flights receive hoax threats

Livemint

Livemint · 9m ago

Bomb threats to IndiGo, Air India, Vistara: Centre asks Meta, X to share data as over 250 flights receive hoax threats

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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