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IPO Corner

IPO Corner

The round was led by London-headquartered investment company M&G with participation from venture capital firms Lightspeed Venture Partners and DST Global
Updated : Dec 14, 2023

Udaan eyes profitability ahead of IPO in 12-18 months; secures $340 million in funding

The round was led by London-headquartered investment company M&G with participation from venture capital firms Lightspeed Venture Partners and DST Global

Inox India raised Rs 437.8 crore from several anchor investors as it finalised allocation of 66,33,285 equity shares at a price of Rs 660 apiece.
Updated : Dec 14, 2023

Inox India IPO subscribed 1.8x on Day 1 so far; grey market premium rises sharply

The Gujarat-based Inox India is selling its shares in the price band of Rs 627-660 apiece with a lot size of 22 shares and its multiples thereafter.

The Gurugram-based India Shelter Finance Corporation is selling its shares in the price band of Rs 469-473 apiece with a lot size of 30 shares and its multiples thereafter.
Updated : Dec 14, 2023

India Shelter Finance IPO subscribed 2.3x on Day 2 so far; grey market premium rises

India Shelter Finance Corporation specializes in housing finance, providing loans for house construction, extension, renovation, and the acquisition of new homes or plots.

The Gujarat-based DOMS Industries is selling its shares in the price band of Rs 750-790 apiece with a lot size of 18 shares and its multiples thereafter.
Updated : Dec 14, 2023

DOMS Industries IPO subscribed 8.4 times on Day 2 so far; retail portion subscribed 27x

DOMS Industries is a leading stationery and art product company, specializing in the design, development, manufacturing, and sale of a diverse range of products under the flagship brand, DOMS.

Credo Brands operates 1,773 retail outlets across India, as of May 31, 2023. These include 379 exclusive brand stores, 89 large format stores and 1,305 multi-brand stores.
Updated : Dec 14, 2023

Mufti-parent Credo Brands IPO to open on December 19, check key details

Credo Brands is looking to raise a total of close to Rs 550 crore, which entirely includes an offer-for-sale (OFS) component by its promoters, promoter group and other investors shareholders.

The company is looking to raise a total of Rs 1,008.59 crore via its IPO, which includes a fresh sale of shares worth Rs 400 crore.
Updated : Dec 14, 2023

Happy Forgings IPO to open on December 19; check price band and other details

Incorporated in July 1979, Happy Forgings is an Indian manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components.

RBZ Jewellers is looking to raise Rs 100 crore via its IPO, which is completely a sale of fresh share sale 1,00,00,000 equity shares.
Updated : Dec 14, 2023

RBZ Jewellers Jewellers IPO to open on December 19; check key details

Incorporated in April 2008, RBZ Jewellers is an India-based gold jewellery manufacturer specialising in the creation of antique designs.

In its IPO, InoxCVA aims to raise Rs 1,459.32 crore, exclusively through an offer-for-sale (OFS) involving up to 22,110,955 equity shares.
Updated : Dec 14, 2023

Inox India IPO opens today: Should you subscribe to the issue?

Inox India specializes in supplying cryogenic equipment, particularly tanks. The company offers comprehensive solutions for equipment and systems operating in cryogenic conditions.

 Muthoot Microfin, a subsidiary of Muthoot Pappachan Group, provides micro-loans to female customers with a focus on rural areas.
Updated : Dec 14, 2023

Muthoot Microfin IPO to open on December 18; check price band and other details

Muthoot Microfin is looking to raise Rs 960 crores via IPO, which includes a fresh shares sale of Rs 760 crore and an offer-for-sale of up to 6,872,852 equity shares.

BT500 Wealth Creators Summit: Is there a way to get confirmed allotment in IPOs? Here's what Axis Capital's Salil Pitale (extreme left in picture) says
Updated : Dec 13, 2023

BT500: Is there a way to get confirmed allotment in IPOs? Here's what Axis Capital's Salil Pitale says

Pitale said one should look at the IPO-bound company's anchor book, involved insurance companies and bankers

Here are some insightful facts shared by the CEOs on the IPO market and what makes it significant and sustainable
Updated : Dec 13, 2023

BT500: '90% of IPOs in 2023 are above water and doing well,' says Axis Capital's Salil Pitale

'Earlier, there was a lot of dependency on FII investors, now 60% institutional book is domestic. For the resilience of the market, it is a very strong thing. We expect the market to remain comfortable and sustainable going forward,' says Pitale

 The Gurugram-based India Shelter Finance Corporation is selling its shares in the price band of Rs 469-473 apiece with a lot size of 30 shares and its multiples thereafter.
Updated : Dec 13, 2023

India Shelter Finance IPO fully subscribed on Day 1; retail & NII books sail through

India Shelter Finance Corporation specializes in housing finance, providing loans for house construction, extension, renovation, and the acquisition of new homes or plots.

The Gujarat-based DOMS Industries is selling its shares in the price band of Rs 750-790 apiece with a lot size of 18 shares and its multiples thereafter.
Updated : Dec 13, 2023

DOMS Industries IPO subscribed 4 times on Day 1 so far; retail portion booked 14.75x

DOMS Industries is a leading stationery and art product company, specializing in the design, development, manufacturing, and sale of a diverse range of products under the flagship brand, DOMS.

This summit is not just an event; it's an exploration of the innovative strategies and forward-looking practices that define success in today's ever-changing economic landscape
Updated : Dec 13, 2023

Navigating wealth creation: Unveiling the dynamics of IPOs

This summit is not just an event; it's an exploration of the innovative strategies and forward-looking practices that define success in today's ever-changing economic landscape.

 India Shelter had disbursed over Rs 5,500 crore in loans, helping families own, extend, or improve their homes as of November 30 2023.
Updated : Dec 13, 2023

India Shelter Finance Corporation IPO opens today: Should you subscribe to the issue?

India Shelter Finance Corporation is a housing finance player, which provides loans for house construction, extension, renovation and purchase of new homes or plots.

DOMS Industries has an exclusive tie-up with certain entities of the FILA Group for the distribution and marketing of their products in South Asia.
Updated : Dec 13, 2023

DOMS Industries IPO opens today: Should you subscribe to the issue?

Incorporated in 2006, DOMS Industries is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of products.

Motisons Jewellers, established in October 1997, sells gold, diamond and kundan jewellery including other jewellery products.
Updated : Dec 13, 2023

Motisons Jewellers IPO to open on December 18; check price band and other details

Motisons Jewellers is looking to raise a total of Rs 151.09 crore, comprising of sale of 27,471,000 fresh equity shares.

 Inox India provides end-to-end solutions for equipment and systems operating in cryogenic conditions, including design, engineering, manufacturing and installation.
Updated : Dec 12, 2023

InoxCVA IPO grey market premium remains firm; management sees strong growth in two segments

The initial public offering (IPO) of InoxCVA, the Inox Group entitiy, is offering its shares in the fixed price band of Rs 627-660 apiece with a lot size of 22 equity shares and its multiples.

Ola Electric looking to raise Rs 5,800 cr via IPO, to file DRHP by Dec 20: Report
Updated : Dec 11, 2023

Ola Electric looking to raise Rs 5,800 cr via IPO, to file DRHP by Dec 20: Report

Ola Electric is looking to list at a valuation of $7-8 billion by early 2024, said a report

DOMS Industries is looking to raise Rs 1,200 crore via its initial stake sale, which is being sold in the range of Rs 750-790 apiece.
Updated : Dec 11, 2023

DOMS Industries IPO: Grey market premium holds strong ahead of issue opening

DOMS has reserve shares worth Rs 5 crore for its eligible employees, who will get a discount of Rs 75 apiece during the bidding for the issue.

The company is looking to raise Rs 1,459.32 crore via its initial IPO, which entirely consists of an offer-for-sale (OFS) of up to 22,110,955 equtiy shares
Updated : Dec 11, 2023

InoxCVA IPO to open on December 14; check price band, lot size and details

InoxCVA reported a net profit of Rs 103.34 crore with a total revenue of Rs 580 crore for the period ended on September 30, 2023.

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