The World Opinion

Tag: IPOs

  • Bharti Hexacom’s IPO Gets 34% Subscription On Day 1 Of Offer | Markets News

    New Delhi: Bharti Hexacom’s initial public offering received a lukewarm response from the investors as it received a 34 percent subscription on the first day of bidding on Wednesday. This is the first public issue of the financial year 2024-25. The initial share sale of Bharti Hexacom received bids for 1,41,08,328 shares against 4,12,50,000 shares on offer, according to the NSE data.

    The category for Retail Individual Investors (RIIs) subscribed 48 percent, while the quota for non-institutional investors received 36 percent subscription, and the portion for Qualified Institutional Buyers (QIBs) subscribed 29 percent. (Also Read: ‘You Give More Money To Govt Than Spend On Yourself’: Social Media Post On Income Tax Concerns Goes Viral)

    On Tuesday, Bharti Airtel’s arm Bharti Hexacom said it has collected about Rs 1,924 crore from anchor investors. The company had fixed a price band of Rs 542-570 per share. (Also Read: High-Security Alert For Apple Users! CERT-In Asked To Deploy Immediate Measures)

    The company’s Rs 4,275 crore IPO is entirely an offer of sale (OFS) of 7.5 crore equity shares, indicating a 15 percent stake by Telecommunications Consultants India Ltd, with no fresh issue component.

    Bharti Hexacom will not receive any proceeds from the IPO. At present, promoter Bharti Airtel holds a 70 percent stake, and the remaining 30 percent stake is owned by Telecommunications Consultants India.

    The Bharti group’s previous IPO of Bharti Infratel, now known as Indus Towers, was in 2012. Bharti Hexacom provides telecommunication services in Rajasthan and the Northeast.

    At the upper end of the price band, the IPO size will be Rs 4,275 crore. About 75 percent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 percent for non-institutional investors, and the remaining 10 percent for retail investors.

    Bharti Hexacom, which filed its preliminary IPO papers with Sebi on January 20, obtained its market watchdog’s nod on March 11 to float the maiden public issue.

    SBI Capital Markets, Axis Capital, BOB Capital Markets, ICICI Securities, and IIFL Securities are the book-running lead managers of the public issue.

  • IPO Calendar: 11 Public Offerings To Hit Market This Week; Details Here | Markets News

    New Delhi: Investors are gearing up for a flurry of Initial Public Offerings (IPOs) as 11 companies prepare to enter the market in the last week of March. Among these, one company, SRM Contractors, will debut on the mainboard, while the remaining ten will launch in the SME (Small and Medium Enterprises) segment.

    SRM Contractors IPO

    SRM Contractors IPO: Subscription Dates

    The SRM Contractors IPO will be available for people to subscribe to from March 26, 2024, until March 28, 2024. (Also Read: Tac Security’s IPO To Open For Subscription On March 27: Check Price Band, Minimum Investment Amount, And More)

    SRM Contractors IPO: Expected Allotment Date

    They will decide who gets how many shares on April 1, 2024. Please note this is the expected date. The final allotment date is not finalized yet. (Also Read: 1 vs 3 vs 5 Year FD Rates: Check How Much Return You Will Get From Major Banks)

    SRM Contractors IPO: Expected Listing Date

    The IPO is expected to start trading on both the BSE and NSE stock exchanges on April 3, 2024.

    SRM Contractors IPO: Price Band

    The bidding for SRM Contractors’ IPO opens at Rs 200 to 210 per equity share.

    Trust Fintech IPO

    Trust Fintech IPO: Price Band

    Trust Fintech IPO will hit Dalal Street at a price band of Rs 95 to 101 per equity share.

    Vruddhi Engineering Works IPO

    With a price band of Rs 66 to 70 per equity share, the public offering is open for subscription on March 26, 2024.

    Blue Pebble IPO

    Investors can participate with a minimum bid of 800 shares. The IPO is opening on March 26, 2024. 

    Aspire & Innovative IPO

    Aspire & Innovative IPO is open for subscription on March 26, 2024. It will close on March 28, 2024. 

    GConnect Logitech IPO

    GConnect Logitech’s offering is open on March 26, 2024. 

    Radiowalla IPO

    Radiowalla’s initial public offering will hit the market on March 27, 2024.

    TAC Infosec IPO

    TAC Infosec plans to raise Rs 29.99 crore by offering 2.8 million shares. Investors can apply to this IPO from March 27, 2024.  

    Yash Optics & Lens IPO

    Opening on March 27 and closing on April 03, this IPO aims to collect Rs 53.15 crore.

    Jay Kailash Namkeen IPO

    With an IPO opening on March 28, Jay Kailash Namkeen aims to raise Rs 11.93 crore. 

    Aluwind Architectural IPO

    Closing out the financial year, Aluwind Architectural will open its subscription on March 28. 

  • 7 Fresh IPOs Set To Hit Market This Week: Check A-Z Of Upcoming Offerings | Markets News

    New Delhi: Last month, there were notable listings in the main board and small- and medium-sized enterprise (SME) categories of the primary market, which encouraged investors to subscribe and list. Moving forward, there is a lot of market excitement during the first week of March due to the abundance of newly listed companies and subscription-only initial public offerings (IPOs).

    Let’s look at some of the companies that are opening for subscription this week along with the offering details. (Also Read: ‘Google Is Digital East India Company’: Anupam Mittal Slams Tech Giant For THIS Reason)

    1. RK Swamy IPO

    RK Swamy IPO: Subscription Dates

    The marketing service provider is scheduled to hit the market on March 4, 2024. It will be closed on March 6, 2024. (Also Read: 6 Credit Cards With No Joining Fees And Zero Annual Charge: Check Features)

    RK Swamy IPO: Allotment Date

    If everything goes as arranged, the allotment is expected on March 7, 2024. 

    RK Swamy IPO: Listing Date

    The listing date is yet not finalised. If reports can be believed it will be on March 12, 2024.

    RK Swamy IPO: Price Band

    If we talk about the price band, it is Rs 270 to Rs 288 per share.

    RK Swamy IPO: Lot Size

    Investors have to take a minimum of 50 shares.

    RK Swamy IPO: Minimum Investment Amount 

    calculating the price band and the lot size, one needs a minimum of Rs 14, 400 to invest in the RK Swamy IPO.

    2. JG Chemicals IPO

    JG Chemicals IPO: Subscription Dates

    The IPO is opening on March 5, 2024, for subscription. The offering will close on March 7, 2024. 

    JG Chemicals IPO: Allotment Date

    The allotment is expected to be on March 11, 2024.

    JG Chemicals IPO: Listing Date

    The listing date of JG Chemicals IPO is expected on March 13, 2024.

    JG Chemicals IPO: Price Band

    The price band of the IPO is set to Rs 210 to Rs 221 for each share.

    JG Chemicals IPO: Lot Size

    Investors have to buy a minimum of 67 shares for this IPO.

    JG Chemicals IPO: Minimum Investment Amount

    You must have a minimum of Rs 14,807 for the application.

    3. Gopal Namkeen IPO

    Gopal Namkeen IPO: Subscription Dates

    The subscription window for this IPO is opening on March 6, 2024. Investors have the chance to subscribe to the IPO till March 11, 2024.

    Gopal Namkeen IPO: Allotment Date

    Like others, the allotment date of Gopal Namkeen IPO is not finalised yet. However, it is expected on March 12, 2024.

    Gopal Namkeen IPO: Price Band

    The price band is fixed at Rs 381 to Rs 401 each share.

    Gopal Namkeen IPO: Lot Size

    If we talk about the lot size, it is 37 shares.

    Gopal Namkeen IPO: Minimum Investment Amount

    Now, the question may encounter you that how much minimum money you need to have. So, after going through the calculation, you must have Rs 14, 837.

    4. V R Infraspace IPO

    V R Infraspace IPO: Subscription Dates

    V R Infraspace’s IPO will hit Dalal Street on March 4, 2024. The subscription window will be closed on March 6, 2024.

    V R Infraspace IPO: Listing Date

    The expected listing date is March 12, 2024. 

    V R Infraspace IPO: Allotment Date

    Investors are expected to get the allotment on March 7, 2024.

    V R Infraspace IPO: Price Band

    The price band of the IPO is Rs 85 per share.

    V R Infraspace IPO: Lot Size

    The lot size of the IPO is 1600 shares.

    5. Sona Machinery IPO

    Sona Machinery IPO: Subscription Dates

    Sona Machinery is offering the issue in the Small Medium Enterprise (SME) segment. The company’s IPO will hit the market on March 5, 2024. The same will be closed on March 7, 2024.

    Sona Machinery IPO: Price Band

    The price band of the IPO is Rs 136 to Rs 143 each share.

    6. Shree Karni Fabcom IPO

    Shree Karni Fabcom IPO: Subscription Dates

    Shree Karni Fabcom’s IPO subscription starts on March 6, 2024. You have the chance to apply till March 11, 2024.

    Shree Karni Fabcom IPO: Price Band

    The price band of Shree Karni Fabcom IPO is set at Rs 220 to Rs 227 per share.

    7. Pune E-Stock Broking IPO

    Pune E-Stock Broking IPO: Subscription Dates

    The company is all set to hit the secondary market on March 7, 2024, and it will close on March 12, 2024.

    Pune E-Stock Broking IPO: Price Band

    Pune E-Stock Broking IPO’s price band is set to Rs 78 to Rs 83 for each share.

  • IPOs vs FPOs: Where To Invest? Check Key Differences Between Them Before Making Investment | Personal Finance News

    New Delhi: Investing in the stock market offers individuals avenues to grow their wealth and participate in the growth of companies. Two primary methods of investing in stocks are Initial Public Offerings (IPOs) and Follow-on Public Offerings (FPOs). While both involve purchasing stocks, they have distinct characteristics and serve different purposes.

    What Are IPOs?

    An Initial Public Offering (IPO) marks the first time a privately owned company offers its shares to the public. Prior to going public, the company’s shares are typically held by founders, investors, and employees.

    Through an IPO, the company sells its shares to investors, thereby raising capital. The funds acquired from the sale are often used to expand operations or pay off debts.

    What Are FPOs?

    Follow-on Public Offerings (FPOs), on the other hand, involve purchasing stocks that are already publicly traded. These stocks are listed on stock exchanges like the Bombay Stock Exchange, and their prices fluctuate based on demand and supply dynamics.

    Differences Between IPO And FPO

    One significant difference between IPOs and FPOs lies in their purpose. IPOs are usually issued by privately-owned companies to raise capital for expansion and growth, while FPOs may be issued to further expand the company or bolster its equity base.

    Additionally, the pricing mechanisms for IPOs and FPOs differ, with IPO share prices being fixed or set within a specific range, whereas FPO share prices are often demand-driven.

    Risk Factors

    Investing in stocks always carries risks, but the level of risk varies. FPOs generally entail lower risk since investors have access to crucial information about the company’s performance and finances, enabling them to make more informed decisions.

    Both IPOs and FPOs provide opportunities for individuals to invest in the stock market. However, they differ in terms of the issuing process, pricing mechanisms, and associated risk factors.

  • 6 Fresh IPOs Coming This Week: Check Details Of Offerings Opening For Subscription Next Week | Markets News

    New Delhi: The Indian IPO market is showing no signs of slowing down, with six new public offers scheduled to open next week. Analysts attribute this relentless primary market activity to optimistic investor sentiment, a robust economy, and expectations of lower inflation and rate cuts in 2024. Read on further to find out the details of six upcoming IPOs.

    1. Exicom Tele Systems IPO

    Exicom Tele Systems IPO: Subscription Dates

    Exicom Tele Systems has announced its IPO, which is set to open for subscription on February 27 and close on February 29. (Also Read: From Investment To Income: A Rs 5-7 Lakh Investment In This Business Idea Could Yield Rs 1.5 Lakh Monthly Returns)

    Exicom Tele Systems IPO: Aim

    The company aims to raise approximately Rs 429 crore through the offering. (Also Read: Are You Facing Issues With Creating AI Images From Gemini? Google Explain The Reason)

    Exicom Tele Systems IPO: Fresh Equity Issue

    The IPO consists of a fresh equity issue worth Rs 329 crore and an offer for sale of Rs 70.42 lakh shares.

    Exicom Tele Systems IPO: Price Band

    The price band for the IPO is set at Rs 135-142 per share, with the post-issue implied market cap around Rs 1,716 crore.

    Exicom Tele Systems IPO: Lot Size

    Investors can bid for 100 shares in one lot and multiples thereafter.

    Exicom Tele Systems IPO: Additional Information

    The offer is reserved with 75 percent for qualified institutional buyers, 15 percent for non-institutional investors, and the remaining 10 percent for retail investors.

    2. Platinum Industries IPO

    Platinum Industries is also gearing up for its IPO.

    Platinum Industries IPO: Subscription Dates

    The IPO will open for subscription on February 27 and close on February 29.

    Platinum Industries IPO: Objective

    The IPO aims to raise Rs 235 crore through a fresh equity sale of 1.37 crore shares.

    Platinum Industries IPO: Price Band

    The offering is offered at a price range of Rs 162-171 per share.

    3. Bharat Highways Invit IPO

    Bharat Highways Invit is an infrastructure investment trust focused on acquiring, managing, and investing in a portfolio of infrastructure assets in India.

    Bharat Highways Invit IPO: Price Range

    The company has priced its IPO in the range of Rs 98-100 per unit.

    Bharat Highways Invit IPO: Subscription Date

    The issue is set to open on February 28, offering units worth Rs 2,500 crore.

    4. Owais Metal IPO 

    In addition to the above IPOs, Owais Metal will open for subscription on February 26.

    5. Purva Flexipack IPO

    The company’s IPO is all set to open for subscription on February 27.

    6. MVK Agro Food Product IPO

    MVK Agro Food Product’s IPO is opening for subscription on February 29.

  • 4 New IPOs To Hit Market This Week; Check Full Details Of Upcoming Initial Public Offerings | Markets News

    New Delhi: The Indian stock market has maintained its upward momentum throughout the week, with the BSE Sensex posting an increase of 1.42 percent over the last five trading sessions. Analysts are optimistic about the market’s performance in the coming week. The week is driven by the launch of four IPOs and the listing of seven companies.

    Here is the list of IPOs scheduled to debut next week and its details: (Also Read: Tax Season Is Here! Know Difference Between Income Tax (ITR) Return And TDS)

    GPT Healthcare IPO

    GPT Healthcare, a Kolkata-based mid-size multispeciality hospital chain operating under the brand name ILS Hospitals, is also set to enter the market with its IPO. (Also Read: LIC Introduces New Plan For Children; Check Key Features, Eligibility, Maturity And Other Benefits)

    GPT Healthcare IPO: Opening And Closing Date

    The initial public offerings of the company are scheduled to open on February 22 and close on February 26.

    GPT Healthcare IPO: Price Band

    The pricing details for GPT Healthcare’s IPO are yet to be announced.

    GPT Healthcare IPO: Objective

    However, the company intends to raise Rs 40 crore through fresh issue shares.

    Zenith Drugs IPO

    Zenith Drugs is gearing up for its IPO launch in the SME segment.

    Zenith Drugs IPO: Opening And Closing Date

    The issue is all set to open on February 19 and close on February 22.

    Zenith Drugs IPO: Price Band

    The issue is priced at Rs 79 apiece at the upper price band.

    Zenith Drugs IPO: Lot Size

    Zenith Drugs’ IPO offers a lot size of 1600 shares. 

    Deem Roll Tech IPO

    Deem Roll Tech, a manufacturer of alloy steel and cast iron products, will join the IPO fray in the SME segment next week.

    Deem Roll Tech IPO: Opening And Closing Date

    The public offer commences on February 20 and concludes on February 22.

    Deem Roll Tech IPO: Price Band

    The IPO is set to hit the market with each share priced at Rs 129.

    Deem Roll Tech IPO: Fund Raise

    Deem Roll Tech aims to raise approximately Rs 29 crore.

    Upcoming Listings

    In addition to the IPOs, seven companies are supposed to make their stock market debut through listings in the coming weeks.