UNLISTED MARKET
Western Carriers IPO opens for subscription. Should you bid for this Rs 492 cr issue?
Western Carriers IPO Day 1: Western Carriers' IPO opens for subscription, featuring a fresh equity sale of Rs 400 crore and an offer for sale by promoter Rajendra Sethia. The price band is set at Rs 163-172 per share. Analysts recommend it for high-risk investors due to financial challenges. Proceeds will repay borrowings and fund capital expenditure.
Bajaj Housing Finance IPO allotment likely today: Check status, GMP, listing date and other details
Bajaj Housing Finance IPO Listing Date: The Bajaj Housing Finance IPO share allotment, initially expected on Thursday, is now likely to be finalised today. The shares are set to list on September 16. Investors can check their allotment status via BSE or the registrar's website. The company raised Rs 1,758 crore from anchor investors and aims to boost its capital base for future business needs.
Shree Tirupati Balajee Agro Trading share allotment soon: Check status, GMP, listing date and other details
Shree Tirupati Balajee IPO Allotment: The share allotment for Shree Tirupati Balajee Agro Trading IPO is expected to be finalized today. Investors can check their allotment status via BSE or the registrar's website. The IPO received a strong response with a subscription of 124 times. The company plans to use the proceeds for debt repayment and working capital needs.
Premier Energies shares rally 41% in 3 days on Rs 200 crore order win from UP Government
Premier Energies Share Price: Premier Energies' shares surged 41% in three days after securing a Rs 215 crore order from Uttar Pradesh for solar water pumping systems. The project, under the PM-KUSUM scheme, aims to be completed by March 2025. The company's IPO saw strong investor interest, with shares debuting at a significant premium.
QVC Exports IPO: Check issue size, price band, GMP among other details
QVC Exports IPO: QVC Exports launched its SME IPO from August 21 to August 23, aiming to raise Rs 24 crore through a fresh issue of 27.98 lakh shares at Rs 86 each. The proceeds are intended for loan repayment, working capital, and corporate purposes. The shares have a 58% premium in the unlisted market, with final allotment on August 26.
Unlisted bonds likely to retain appeal despite tax changes
India's unlisted bonds market has grown over the last five years, with issuances reaching ₹1.04 lakh crore between January and July 24, 2024, compared with ₹1.87 lakh crore for the entire year 2023, ₹1 lakh crore in 2022, and ₹64,000 crore in 2021, according to Prime Database.
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Track these 2 SME IPOs commanding over 100% GMP in unlisted market
Two SME IPOs, VL Infraprojects and SA Tech Software India, commanded over 100% premium in the grey market. VL Infraprojects' shares were trading with a premium of Rs 55, while SA Tech Software India had its IPO opening on July 26. Both companies aimed to use net proceeds for funding general corporate purposes and working capital requirements.
What was there in the Budget for mutual fund investors? Three key takeaways
Radhika Gupta posted on social media platform X and rated the Budget as 9/10. She said, “Net-net: 9/10. Focus on building and investing in India for the long term. The market will (and has) quickly moved past capital gains to focus on growth and earnings.”
LTCG at par with stocks is a returns boost for VCs
This addresses a long-standing demand of the venture investor community to tax gains from the sale of unlisted companies at par with listed securities. This assumes significance given the increase in exits by early-stage investors in startups through secondary stake sales – a growing trend when primary capital funding is still constrained.
Sanstar IPO gains momentum on Day 2. Check subscription, GMP and other details
The company has fixed a price band of Rs 90-95 per share, where investors can bid for 150 shares in one lot. About 50% in the IPO is reserved for qualified institutional buyers (QIB), 35% for retail investors and 15% for non-institutional investors.
RNFI Services IPO: Check issue size, price band, GMP and other details
Short covering occurs when investors buy shares to offset existing short positions, indicating a shift from pessimism to optimism in market sentiment.
Sahaj Solar's soaring GMP indicates maximum listing gain on NSE SME platform
Sahaj Solar's IPO showcases a GMP of Rs 250, achieving a potential 90% gain as noted by Amit Goel. The Rs 52 crore SME IPO comprises 29.2 lakh shares, supporting working capital. Sahaj excels in PV modules, solar pumps, and EPC services with over a decade of expertise. India's solar capacity hit 63.
Investors pile on bids for Sahaj Solar IPO as issue gets 64x subscription on Day 2; GMP soars to 115%
Sahaj Solar's IPO saw 13.47 crore bids for 29.2 lakh fresh shares, being subscribed 64 times. Priced at Rs 171-180 with a GMP of Rs 208, it raised Rs 52.56 crore. Funds are for working capital and corporate purposes. Managed by Kunvarji Finstock and Kfin Technologies, the company has decades' experience in solar solutions across three businesses.
Ganesh Green Bharat IPO allotment: Check status, GMP, listing date and other details
In the unlisted market, the company's shares are trading with a premium of Rs 240. If the trends sustain, the company's shares are expected to list with maximum gains of 90% on July 12. The company has priced the IPO at Rs 190 at the upper end.
Effwa Infra and Research IPO allotment expected soon: Check status, GMP, listing date and other details
Effwa Infra and Research's Rs 51.27 crore IPO, with shares trading at a Rs 120 premium, will finalize allotment soon through Link Bigshare Services. Listing at 90% gains on July 11, IPO priced at Rs 82 and subscribed 200 times. Proceeds for working capital. Shreni Shares manager. Specializes in consultancy, water pollution control, net profit Rs 13.8 crore.
Emcure Pharma IPO GMP rises on share allotment day, indicating healthy listing
Following a healthy response to the IPO of Emcure Pharmaceuticals, the shares of the company are commanding a healthy premium of Rs 360 in the unlisted market.
Ganesh Green Bharat IPO booked over 35x on Day 2; Effwa Infra’s issue subscribed nearly 38x
The SME IPO of Ganesh Green Bharat was booked over 35 times so far on the second day of the bidding process. The issue, which closes tomorrow, received bids for 15 crore shares as against 45 lakh shares on offer.
Emcure Pharmaceuticals IPO booked nearly 68 times so far on Day 3. Check GMP and other details
Emcure Pharmaceuticals IPO sees strong demand with oversubscription. Anchor investors include top names. Company engaged in global pharmaceutical products. Revenue growth and plans for debt payment outlined. Book-running lead managers identified.
Emcure Pharmaceuticals IPO fully subscribed on Day 1. Check GMP and other details
Emcure Pharmaceuticals' IPO attracts high demand from investors, with a price range of Rs 960-1008 per share. Analysts foresee business improvements and revenue growth potential in the global pharmaceutical market, supporting the company's expansion strategies.
Nephro Care shares list at 90% premium on NSE SME platform
Nephro Care made a strong market debut on NSE SME platform with a 90% premium. The IPO garnered massive investor interest, oversubscribed by over 700 times. The company aims to establish a 100-bed multispeciality hospital in Kolkata using proceeds from the IPO. Nephro Care, led by Dr. Pratim Sengupta, focuses on comprehensive medical services for renal patients.
Vraj Iron and Steel makes a healthy debut. What should investors do now?
Vraj Iron and Steel has a proven track record of consistent profitability over the past three years, demonstrating its ability to generate healthy returns. However, analysts said investors should acknowledge certain risks, such as the concentration of manufacturing facilities in a single region and the lack of long-term customer contracts.
Petro Carbon and Chemicals stock lists with 75% premium over IPO price
Petro Carbon and Chemicals, under the Atha Group, dominates the B2B market by supplying calcined petroleum coke to a wide range of industries, ensuring high-quality carbon anodes for aluminum smelting. Its strategic growth through vertical integration and tech innovation secures its position in the market.
Akiko Global Services stock debuts with 27% premium on NSE SME platform
Akiko Global Services debuted on the NSE SME platform with a 27.27% premium. The IPO was oversubscribed 30 times. The company focuses on credit cards and loans, using direct selling for product demos. In January 2024, their revenues were Rs 26.09 crore, with a profit after tax of Rs 3.21 crore.
Bansal Wire announces price band for its Rs 745 crore IPO. Check details
Bansal Wire's IPO, priced at Rs 243-256 per share, opens on July 3. In Sep 2023, the company reported revenue of Rs 1154 crore and a profit of Rs 38.9 crore. With strong lead managers onboard, the IPO presents an attractive investment prospect for interested investors.
Allied Blenders and Distillers share allotment likely today. Here's how you can check status
Visaman Global Sales IPO allotment finalized, Allied Blenders and Distillers focus on premium brands like ICONiQ White Whisky and Srishti Whisky.
Unlisted shares offer terrific returns, but also carry very high risks; should you invest?
In the past decade, many Indians have embraced the equity culture and started investing in stocks and equity mutual funds. Some analysts feel that retail investors should put money in unlisted shares if they want outsized returns. Other financial advisers say retail investors should not dabble in unlisted shares for the simple reason that the risk they entail is not worth the rewards they offer.
Election uncertainty weighs on Awfis Space Solutions' debut: Should you hold or exit?
Awfis Space Solutions, a prominent participant in India's flexible workspace sector, experienced a respectable listing on Thursday, albeit slightly below expectations. The company's shares debuted at Rs 435, marking a gain of over 13% compared to the issue price of Rs 383.
Awfis Space Solutions shares list at 14% premium over issue price
Awfis Space Solutions Share Price: Awfis Space Solutions lists at 14% premium over issue price with strong investor interest and expansion plans. Financial challenges persist despite revenue growth. Book running lead managers include ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services.
Awfis Space Solutions GMP: Will there be a decent listing at the bourses today?
Awfis Space Solutions shares are currently trading in the unlisted market at a premium of Rs 125, representing a 27% increase over their issue price. The IPO garnered significant interest, with a subscription rate exceeding 100 times at closing.
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