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Kalpataru IPO sees muted response on Day 1. Check subscription, GMP and other details
Economic Times
·
1m ago
Medial
Kalpataru's IPO showed a lackluster start with only 9% overall subscription on its first day. Retail investors accounted for a 33% subscription, while institutional investors did not participate. Priced between Rs 387 and Rs 414, the Rs 1,590 crore IPO aims to repay a significant portion of company debt. Analysts raised concerns about high valuations and debt, assigning a "NEUTRAL" rating, citing the need for sustained pre-sales performance post-listing.
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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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Hyundai IPO last day today: Will India's largest public issue hit Rs 1 lakh crore bids? Check subscription update
Money Control
·
9m ago
Medial
Hyundai Motor India's IPO enters its final day of bidding, with investors closely watching if the Rs 27,800 crore public issue will be fully subscribed or even reach Rs 1 lakh crore in total bids. The IPO has already raised Rs 8,315 crore through anchor allocation and would require Rs 91,685 crore in total bids to hit the Rs 1 lakh crore mark. The public issue has garnered significant interest, with 42% subscription by the end of day two. Hyundai India expects a strong response to positively impact market sentiment.
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Flysbs Aviation IPO: GMP soars 96%; issue subscribed 84.52 times on Day 3 so far
Economic Times
·
3d ago
Medial
Flysbs Aviation's IPO focused on private jet operations garnered significant attention with an GMP of 96%, indicating strong demand. On the final subscription day, it was oversubscribed by 84.52 times, largely driven by individual investors. The IPO aims to raise Rs 102.53 crore through the fresh offer of 45.57 lakh shares. Flysbs, supported by knowledgeable promoters, plans to acquire new aircraft, repay borrowings, and support corporate needs, with shares debuting on the NSE SME platform on August 8.
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Globe Civil Projects IPO subscribed over 11 times on Day 2 so far; Check GMP and other details
Economic Times
·
1m 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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Awfis IPO: Issue Subscribed Over 2X On Day 1 Driven By Retail Investor Interest
Inc42
·
1y ago
Medial
Awfis, a co-working space provider, has received bids for 1.74 crore shares in its initial public offering (IPO), which is significantly oversubscribed compared to the 86.29 lakh shares on offer. The retail investors' portion is oversubscribed by 6.04 times, with the highest number of bids at 94.08 lakh. However, the response from qualified institutional buyers (QIBs) was relatively muted on the first day of the bidding process.
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Mamaearth IPO fully subscribed on Day 3 on QIB push
Economic Times
·
1y ago
Medial
The IPO of Honasa Consumer, which operates the Mamaearth brand, has seen a strong response from investors on the last day of bidding. The issue was fully subscribed, driven by strong institutional demand. The overall subscription is 2.53 times, with Qualified Institutional Buyers leading the way at 4.12 times subscription. Retail and non-institutional categories are yet to reach full subscription. The IPO is priced at Rs 308-324 per share, valuing the company at nearly Rs 10,500 crore. Proceeds will be used for various purposes including advertising and setting up new outlets.
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OrbiMed-backed Suraksha Diagnostic’s IPO scrapes through on final day
VCCircle
·
8m ago
Medial
Suraksha Diagnostic, backed by OrbiMed, has had a lackluster response from investors in its initial public offering (IPO), crossing the finish line on the final day with just 1.27 times subscription. The IPO, which excludes any fresh issues of shares, consists entirely of an offer for sale. OrbiMed will partially exit the company by selling over 10.66 million shares, and two other individual shareholders will sell 2.13 million shares. Suraksha Diagnostic plans to use the funds to pursue organic and inorganic expansion in the eastern region of India.
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Carlyle-backed Indegene’s IPO gets bumper response; Aadhar Housing, TBO Tek make slow start
VCCircle
·
1y ago
Medial
Private equity-backed companies, Indegene Ltd, Aadhar Housing Finance, and TBO Tek Ltd, entered the stock market this week. Indegene, providing digital services for the life sciences industry, received overwhelming investor response, with subscription reaching 69.66 times the shares on offer. Aadhar Housing Finance, backed by Blackstone, had a lukewarm response on the first day, with only 43% of its issue size being subscribed. Finally, TBO Tek’s IPO was fully subscribed, with retail investors showing the highest interest.
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Monarch Surveyors IPO subscribed 24.40 times; Check GMP, price band and other details
Economic Times
·
16d ago
Medial
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.
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Unicommerce's ₹277-crore IPO fully subscribed on first day
Inshorts
·
1y 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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