13-May-2024 (16:37)
Aadhar Housing Finance IPO ends with blockbuster subscription
The initial public offer (IPO) of Aadhar Housing Finance received 1,78,65,45,247 bids for shares as against 7,00,89,373 shares on offer. The issue was subscribed 25.49 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 72.78 times. The Non Institutional Investors (NIIs) category was subscribed 16.50 times. The Retail Individual Investors (RIIs) category was subscribed 2.46 times.
The issue opened for bidding on 8 May 2024 and closed on 10 May 2024. The price band of the IPO was fixed at Rs 300 to 315 per share.
The offer comprised fresh issue of equity shares worth up to Rs 1,000 crore and an offer for sale of 6.35-6.67 crore equity shares aggregating up to Rs 2,000 crore.
The objectives of the fresh issue include augmenting the capital base to meet future capital requirements. The company expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for equity shares in India.
Ahead of the IPO, Aadhar Housing Finance on Tuesday, 7 May 2024, raised Rs 897.89 crore from anchor investors. The board allotted 2.85 crore shares at Rs 315 each to 61 anchor investors.
Aadhar Housing Finance is a housing finance company (HFC) focused on the low-income housing segment with a ticket size of less than Rs 15 lakh. The average ticket size of loans was Rs 10 lakh, with an average loan-to-value of 58.3% end December 2023. The company has an extensive network of 487 branches, including 109 sales offices in 20 states and union territories end December 2023. The reach of the company extended to 10,926 pin codes across India end December 2023.
Aadhar offers a range of mortgage-related loan products, including loans for residential property purchase and construction, home improvement and extension loans, and loans for commercial property construction and acquisition.
The firm reported a net profit of Rs 547.88 crore and total income of Rs 1,895.17 crore for the nine months ended on 31 December 2023.
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11-May-2024 (17:07)
Aadhar Housing Finance IPO ends with decent subscription
The initial public offer (IPO) of Aadhar Housing Finance received 1,78,65,45,247 bids for shares as against 7,00,89,373 shares on offer. The issue was subscribed 25.49 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 72.78 times. The Non Institutional Investors (NIIs) category was subscribed 16.50 times. The Retail Individual Investors (RIIs) category was subscribed 2.46 times.
The issue opened for bidding on 8 May 2024 and it will close on 10 May 2024. The price band of the IPO was fixed at Rs 300 to 315 per share.
The offer comprised fresh issue of equity shares worth up to Rs 1000 crore and an offer for sale of 6.35-6.67 crore equity shares aggregating up to Rs 2,000 crore.
The objectives of the fresh issue include augmenting the capital base to meet future capital requirements. The company expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for equity shares in India.
Ahead of the IPO, Aadhar Housing Finance on 7 May 2024, raised Rs 897.89 crore from anchor investors. The board allotted 2.85 crore shares at Rs 315 each to 61 anchor investors.
Aadhar Housing Finance is a housing finance company (HFC) focused on the low-income housing segment with a ticket size of less than Rs 15 lakh. The average ticket size of loans was Rs 10 lakh, with an average loan-to-value of 58.3% end December 2023. The company has an extensive network of 487 branches, including 109 sales offices in 20 states and union territories end December 2023. The reach of the company extended to 10,926 pin codes across India end December 2023.
Aadhar offers a range of mortgage-related loan products, including loans for residential property purchase and construction, home improvement and extension loans, and loans for commercial property construction and acquisition.
The firm reported a net profit of Rs 547.88 crore and total income of Rs 1,895.17 crore for the nine months ended on 31 December 2023.
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11-May-2024 (17:05)
TBO Tek IPO ends with strong subscription
The initial public offer (IPO) of TBO Tek received 80,50,71,440 bids for shares as against 92,85,816 shares on offer. The issue was subscribed 86.70 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 125.51 times. The Non Institutional Investors (NIIs) category was subscribed 50.60 times. The Retail Individual Investors (RIIs) category was subscribed 25.74 times.
The issue opened for bidding on 8 May 2024 and it closed on 10 May 2024. The price band of the IPO was fixed between Rs 875 to Rs 920 per share.
The offer comprised fresh issue of equity shares worth up to Rs 400 crore and an offer for sale of 1,25,08,797 equity shares. The promoter stake, at 51.26%, will dilute post-IPO to 46.8%.
Out of the proceeds from the fresh issue, Rs 135 crore will be used for investment in technology and data solutions, Rs 100 crore towards investment in material subsidiary, Tek Travels DMCC, for on-boarding platform users through marketing and promotional activities, Rs 25 crore towards building sales and marketing infrastructure, Rs 40 crore towards inorganic acquisitions, and the remaining for general corporate purpose.
Ahead of the IPO, TBO Tek on 7 May 2024, raised Rs 696.51 crore from anchor investors. The board allotted 75.70 lakh shares at Rs 920 each to 47 anchor investors.
Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.
The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly.
The firm reported a net profit of Rs 154.18 crore and sales of Rs 1,023.75 crore for the nine months ended on 31 December 2023.
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10-May-2024 (17:40)
Aadhar Housing Finance IPO subscribed 25.49 times
The initial public offer (IPO) of Aadhar Housing Finance received 1,78,64,46,641 bids for shares as against 7,00,89,373 shares on offer, according to stock exchange data at 17:30 IST on Friday (10 May 2024). The issue was subscribed 25.49 times.
The issue opened for bidding on Wednesday (8 May 2024) and it will close on Friday (10 May 2024). The price band of the IPO is fixed at Rs 300 to 315 per share. An investor can bid for a minimum of 47 equity shares and in multiples thereof.
The offer comprises fresh issue of equity shares worth up to Rs 1000 crore and an offer for sale of 6.35-6.67 crore equity shares aggregating up to Rs 2,000 crore.
The objectives of the fresh issue include augmenting the capital base to meet future capital requirements. The company expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for equity shares in India.
Ahead of the IPO, Aadhar Housing Finance on Tuesday, 7 May 2024, raised Rs 897.89 crore from anchor investors. The board allotted 2.85 crore shares at Rs 315 each to 61 anchor investors.
Aadhar Housing Finance is a housing finance company (HFC) focused on the low-income housing segment with a ticket size of less than Rs 15 lakh. The average ticket size of loans was Rs 10 lakh, with an average loan-to-value of 58.3% end December 2023. The company has an extensive network of 487 branches, including 109 sales offices in 20 states and union territories end December 2023. The reach of the company extended to 10,926 pin codes across India end December 2023.
Aadhar offers a range of mortgage-related loan products, including loans for residential property purchase and construction, home improvement and extension loans, and loans for commercial property construction and acquisition.
The firm reported a net profit of Rs 547.88 crore and total income of Rs 1,895.17 crore for the nine months ended on 31 December 2023.
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10-May-2024 (17:36)
TBO Tek IPO subscribed 86.59 times
The initial public offer (IPO) of TBO Tek received 80,40,80,976 bids for shares as against 92,85,816 shares on offer, according to stock exchange data at 17:30 IST on Friday (10 May 2024). The issue was subscribed 86.59 times.
The issue opened for bidding on Wednesday (8 May 2024) and it will close on Friday (10 May 2024). The price band of the IPO is fixed between Rs 875 to Rs 920 per share. An investor can bid for a minimum of 16 equity shares and in multiples thereof.
The offer comprises fresh issue of equity shares worth up to Rs 400 crore and an offer for sale of 1,25,08,797 equity shares. The promoter stake, at 51.26%, will dilute post-IPO to 46.8%.
Out of the proceeds from the fresh issue, Rs 135 crore will be used for investment in technology and data solutions, Rs 100 crore towards investment in material subsidiary, Tek Travels DMCC, for on-boarding platform users through marketing and promotional activities, Rs 25 crore towards building sales and marketing infrastructure, Rs 40 crore towards inorganic acquisitions, and the remaining for general corporate purpose.
Ahead of the IPO, TBO Tek on Tuesday, 7 May 2024, raised Rs 696.51 crore from anchor investors. The board allotted 75.70 lakh shares at Rs 920 each to 47 anchor investors.
Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.
The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly.
The firm reported a net profit of Rs 154.18 crore and sales of Rs 1,023.75 crore for the nine months ended on 31 December 2023.
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09-May-2024 (17:43)
NSE SME IPO of Energy-Mission Machineries (India) subscribed 4.64 times
The initial public offer (IPO) of Energy-Mission Machineries (India) received bids for 1,38,40,000 shares as against 29,82,000 shares on offer, as per NSE data as of 17:00 hours on Thursday, (09 May 2024). The issue was subscribed 4.64 times.
The issue opened for bidding on Thursday, (09 May 2024) and it will close on Monday, (13 May 2024). The price band of the IPO is fixed between Rs 131 to Rs 138 per share. The minimum order quantity is 1,000 equity shares. The equity shares will list on NSE?s SME platform.
About 1,50,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 28,32,000 equity shares. The issue and the net issue will constitute 26.33% and 25.00% respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to meet working capital requirements of the company, funding of capital expenditure towards civil construction work at existing manufacturing unit located Gujarat, funding of capital expenditure towards installation of new plant & machineries and general corporate purposes.
Ahead of the IPO, Energy-Mission Machineries (India) on Wednesday, 08 May 2024, raised Rs 11.71 crore from anchor investors. The board allotted 8.49 lakh shares at Rs 138 per share to 5 anchor investors.
Energy-Mission Machineries (India) is a leading manufacturer of metal forming machines, including CNC, NC, and conventional models, catering to the industrial sector's needs for metal fabrication solutions. The company offers a wide range of machines, including press brake, shearing, plate rolling, iron workers, hydraulic presses, and busbar bending, cutting, and punching machines. These machines are used in various industries, including automotive, steel, pre-engineered building, furniture, HVAC, agricultural equipment, road construction equipment, elevators, food processing machinery, and metalworking workshops. The company sale their products in India and other countries, including the USA, Switzerland, Russia, Nepal, Kenya, Uganda, UAE, Saudi Arabia, and other Middle Eastern countries. As on 31 March 2024, the company has 256 employees.
The company recorded revenue from operations of Rs 83.28 crore and net profit of Rs 6.74 crore for the period from 1st April 2023 to 31 December 2023.
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09-May-2024 (17:40)
TBO Tek IPO subscribed 4.15 times
The initial public offer (IPO) of TBO Tek received 3,85,31,952 bids for shares as against 92,85,816 shares on offer, according to stock exchange data at 17:00 IST on Thursday (9 May 2024). The issue was subscribed 4.15 times.
The issue opened for bidding on Wednesday (8 May 2024) and it will close on Friday (10 May 2024). The price band of the IPO is fixed between Rs 875 to Rs 920 per share. An investor can bid for a minimum of 16 equity shares and in multiples thereof.
The offer comprises fresh issue of equity shares worth up to Rs 400 crore and an offer for sale of 1,25,08,797 equity shares. The promoter stake, at 51.26%, will dilute post-IPO to 46.8%.
Out of the proceeds from the fresh issue, Rs 135 crore will be used for investment in technology and data solutions, Rs 100 crore towards investment in material subsidiary, Tek Travels DMCC, for on-boarding platform users through marketing and promotional activities, Rs 25 crore towards building sales and marketing infrastructure, Rs 40 crore towards inorganic acquisitions, and the remaining for general corporate purpose.
Ahead of the IPO, TBO Tek on Tuesday, 7 May 2024, raised Rs 696.51 crore from anchor investors. The board allotted 75.70 lakh shares at Rs 920 each to 47 anchor investors.
Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.
The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly.
The firm reported a net profit of Rs 154.18 crore and sales of Rs 1,023.75 crore for the nine months ended on 31 December 2023.
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09-May-2024 (17:11)
Aadhar Housing Finance IPO subscribed 1.48 times
The initial public offer (IPO) of Aadhar Housing Finance received 10,35,89,316 bids for shares as against 7,00,89,373 shares on offer, according to stock exchange data at 17:00 IST on Thursday (9 May 2024). The issue was subscribed 1.48 times.
The issue opened for bidding on Wednesday (8 May 2024) and it will close on Friday (10 May 2024). The price band of the IPO is fixed at Rs 300 to 315 per share. An investor can bid for a minimum of 47 equity shares and in multiples thereof.
The offer comprises fresh issue of equity shares worth up to Rs 1000 crore and an offer for sale of 6.35-6.67 crore equity shares aggregating up to Rs 2,000 crore.
The objectives of the fresh issue include augmenting the capital base to meet future capital requirements. The company expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for equity shares in India.
Ahead of the IPO, Aadhar Housing Finance on Tuesday, 7 May 2024, raised Rs 897.89 crore from anchor investors. The board allotted 2.85 crore shares at Rs 315 each to 61 anchor investors.
Aadhar Housing Finance is a housing finance company (HFC) focused on the low-income housing segment with a ticket size of less than Rs 15 lakh. The average ticket size of loans was Rs 10 lakh, with an average loan-to-value of 58.3% end December 2023. The company has an extensive network of 487 branches, including 109 sales offices in 20 states and union territories end December 2023. The reach of the company extended to 10,926 pin codes across India end December 2023.
Aadhar offers a range of mortgage-related loan products, including loans for residential property purchase and construction, home improvement and extension loans, and loans for commercial property construction and acquisition.
The firm reported a net profit of Rs 547.88 crore and total income of Rs 1,895.17 crore for the nine months ended on 31 December 2023.
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09-May-2024 (15:53)
Indegene IPO ends with strong subscription
The initial public offer (IPO) of Indegene received 2,01,81,78,162 bids for shares as against 2,88,66,677 shares on offer. The issue was subscribed 69.91 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 197.55 times. The Non Institutional Investors (NIIs) category was subscribed 55.07 times. The Retail Individual Investors (RIIs) category was subscribed 7.95 times.
The issue opened for bidding on 6 May 2024 and closed on 8 May 2024. The price band of the IPO was fixed at Rs 430 to 452 per share.
The offer comprised fresh issue of equity shares worth up to Rs 760 crore and an offer for sale of 2,39,32,732 equity shares aggregating up to Rs 1,081.76 crore.
The objectives of the fresh issue include Rs 391 crore for repayment/prepayment of debt; Rs 103 crore to fund working capital requirement and the remaining amount to be used for general corporate purposes and inorganic growth.
Ahead of the IPO, Indegene on Friday, 3 May 2024, raised Rs 548.77 crore from anchor investors. The board allotted 1.21 crore shares at Rs 452 each to 36 anchor investors.
Indegene provides digital-led commercialization services for the life sciences industry, including biopharmaceutical, emerging biotech, and medical devices companies. The company assists in drug development, clinical trials, regulatory submissions, pharmacovigilance, complaints management, and sales and marketing.
The company provides services such as enterprise commercial solutions, omnichannel activation, enterprise medical solutions and enterprise clinical solutions and consultancy services.
The firm reported a net profit of Rs 241.90 crore and sales of Rs 1,916.61 crore for the nine months ended on 31 December 2023.
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08-May-2024 (17:43)
Indegene IPO subscribed 69.66 times
The initial public offer (IPO) of Indegene received 2,01,07,39,665 bids for shares as against 2,88,66,677 shares on offer, according to stock exchange data at 17:30 IST on Wednesday (8 May 2024). The issue was subscribed 69.66 times.
The issue opened for bidding on Monday (6 May 2024) and it will close on Wednesday (8 May 2024). The price band of the IPO is fixed at Rs 430 to 452 per share. An investor can bid for a minimum of 33 equity shares and in multiples thereof.
The offer comprises fresh issue of equity shares worth up to Rs 760 crore and an offer for sale of 2,39,32,732 equity shares aggregating up to Rs 1,081.76 crore.
The objectives of the fresh issue include Rs 391 crore for repayment/prepayment of debt; Rs 103 crore to fund working capital requirement and the remaining amount to be used for general corporate purposes and inorganic growth.
Ahead of the IPO, Indegene on Friday, 3 May 2024, raised Rs 548.77 crore from anchor investors. The board allotted 1.21 crore shares at Rs 452 each to 36 anchor investors.
Indegene provides digital-led commercialization services for the life sciences industry, including biopharmaceutical, emerging biotech, and medical devices companies. The company assists in drug development, clinical trials, regulatory submissions, pharmacovigilance, complaints management, and sales and marketing.
The company provides services such as enterprise commercial solutions, omnichannel activation, enterprise medical solutions and enterprise clinical solutions and consultancy services.
The firm reported a net profit of Rs 241.90 crore and sales of Rs 1,916.61 crore for the nine months ended on 31 December 2023.
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