24-Mar-2023 (11:14)
Udayshivakumar Infra IPO ends with strong subscription
The initial public offer (IPO) of Udayshivakumar Infra received bids for 61,26,02,820 shares as against 2,00,00,000 shares on offer. The issue was subscribed 30.63 times.
The Non Institutional Investors (NIIs) category was subscribed 60.42 times. The Qualified Institutional Buyers (QIBs) category was subscribed 40.47 times. The Retail Individual Investors (RIIs) category was subscribed 14.10 times.
The issue opened for bidding on Monday (20 March 2023) and it closed on Thursday (23 March 2023). The price band of the IPO is fixed at Rs 33-35 per share.
The offer comprised of fresh issue of equity shares aggregating upto Rs 66 crore.
Of the net proceeds from the issue, about Rs 45 crore will be used to fund incremental working capital requirements of the company and balance towards general corporate purposes.
Udayshivakumar Infra is engaged in the business of construction of roads, constructions of bridges across major and minor rivers, railway over bridges (ROB), construction of major and minor irrigation and canal projects, industrial areas, based in the State of Karnataka.
The company reported a net profit of Rs 10.02 crore and revenue from operations of Rs 106.61 crore for the six months ended on 30 September 2022.
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23-Mar-2023 (17:35)
Udayshivakumar Infra IPO subscribed 30.63 times
The initial public offer (IPO) of Udayshivakumar Infra received bids for 61,26,02,820 shares as against 2,00,00,000 shares on offer, according to stock exchange data at 17:00 IST on Thursday (23 March 2023). The issue was subscribed 30.63 times.
The issue opened for bidding on Monday (20 March 2023) and it will close on Thursday (23 March 2023). The price band of the IPO is fixed at Rs 33-35 per share. An investor can bid for a minimum of 428 equity shares and in multiples thereof.
The offer comprises of fresh issue of equity shares aggregating upto Rs 66 crore.
Of the net proceeds from the issue, about Rs 45 crore will be used to fund incremental working capital requirements of the company and balance towards general corporate purposes.
Udayshivakumar Infra is engaged in the business of construction of roads, constructions of bridges across major and minor rivers, railway over bridges (ROB), construction of major and minor irrigation and canal projects, industrial areas, based in the State of Karnataka.
The company reported a net profit of Rs 10.02 crore and revenue from operations of Rs 106.61 crore for the six months ended on 30 September 2022.
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22-Mar-2023 (17:26)
Udayshivakumar Infra IPO subscribed 5.15 times
The initial public offer (IPO) of Udayshivakumar Infra received bids for 10,29,54,972 shares as against 2,00,00,000 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (22 March 2023). The issue was subscribed 5.15 times.
The issue opened for bidding on Monday (20 March 2023) and it will close on Thursday (23 March 2023). The price band of the IPO is fixed at Rs 33-35 per share. An investor can bid for a minimum of 428 equity shares and in multiples thereof.
The offer comprises of fresh issue of equity shares aggregating upto Rs 66 crore.
Of the net proceeds from the issue, about Rs 45 crore will be used to fund incremental working capital requirements of the company and balance towards general corporate purposes.
Udayshivakumar Infra is engaged in the business of construction of roads, constructions of bridges across major and minor rivers, railway over bridges (ROB), construction of major and minor irrigation and canal projects, industrial areas, based in the State of Karnataka.
The company reported a net profit of Rs 10.02 crore and revenue from operations of Rs 106.61 crore for the six months ended on 30 September 2022.
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21-Mar-2023 (17:10)
Udayshivakumar Infra IPO subscribed 2.20 times
The initial public offer (IPO) of Udayshivakumar Infra received bids for 4,39,05,952 shares as against 2,00,00,000 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (21 March 2023). The issue was subscribed 2.20 times.
The issue opened for bidding on Monday (20 March 2023) and it will close on Thursday (23 March 2023). The price band of the IPO is fixed at Rs 33-35 per share. An investor can bid for a minimum of 428 equity shares and in multiples thereof.
The offer comprises of fresh issue of equity shares aggregating upto Rs 66 crore.
Of the net proceeds from the issue, about Rs 45 crore will be used to fund incremental working capital requirements of the company and balance towards general corporate purposes.
Udayshivakumar Infra is engaged in the business of construction of roads, constructions of bridges across major and minor rivers, railway over bridges (ROB), construction of major and minor irrigation and canal projects, industrial areas, based in the State of Karnataka.
The company reported a net profit of Rs 10.02 crore and revenue from operations of Rs 106.61 crore for the six months ended on 30 September 2022.
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20-Mar-2023 (17:11)
Udayshivakumar Infra IPO subscribed 58%
The initial public offer (IPO) of Udayshivakumar Infra received bids for 1,15,51,292 shares as against 2,00,00,000 shares on offer, according to stock exchange data at 17:00 IST on Monday (20 March 2023). The issue was subscribed 0.58 times.
The issue opened for bidding on Monday (20 March 2023) and it will close on Thursday (23 March 2023). The price band of the IPO is fixed at Rs 33-35 per share. An investor can bid for a minimum of 428 equity shares and in multiples thereof.
The offer comprises of fresh issue of equity shares aggregating upto Rs 66 crore.
Of the net proceeds from the issue, about Rs 45 crore will be used to fund incremental working capital requirements of the company and balance towards general corporate purposes.
Udayshivakumar Infra is engaged in the business of construction of roads, constructions of bridges across major and minor rivers, railway over bridges (ROB), construction of major and minor irrigation and canal projects, industrial areas, based in the State of Karnataka.
The company reported a net profit of Rs 10.02 crore and revenue from operations of Rs 106.61 crore for the six months ended on 30 September 2022.
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16-Mar-2023 (11:01)
Global Surfaces IPO ends with good subscription
The initial public offer (IPO) of Global Surfaces received bids for 9,46,14,400 shares as against 77,49,000 shares on offer. The issue was subscribed 12.21 times.
The Non Institutional Investors (NIIs) category was subscribed 33.10 times. The Qualified Institutional Buyers (QIBs) category was subscribed 8.75 times. The Retail Individual Investors (RIIs) category was subscribed 5.12 times.
The issue opened for bidding on Monday (13 March 2023) and it closed on Wednesday (15 March 2023). The price band of the IPO was fixed at Rs 133-140 per share.
The IPO comprised offer for sale (OFS) of 25,50,000 equity shares (14,00,000 equity shares by Mayank Shah and 11,50,000 equity shares by Sweta Shah, both promoter shareholders) and the fresh issue of 85,20,000 equity shares.
Of the net proceeds from the fresh issue, the company proposes to utilize about Rs 90 crore towards investment in Global Surfaces FZE (a wholly owned subsidiary) for part-financing its capital expenditure requirements in relation to the setting up of manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates. The balance amount will be utilized for general corporate purposes.
Post IPO, the shareholding of Mayank Shah will stand at 55.46% and that of Sweta Shah will be 5.66%.
Ahead of the IPO, Global Surfaces on Friday, 10 March 2023, raised Rs 46.49 crore from anchor investors. The board allotted 33.21 lakh shares at Rs 140 each to 3 anchor investors.
Global Surfaces is engaged in processing natural stones and manufacturing engineered quartz. Its products find application in the flooring, wall cladding, countertops, cut-to size and other items and are used in both commercial and residential industry. The company sells its products both within and outside India.
The operating units of the company are located at Jaipur, Rajasthan, with Unit I located at Riico Industrial Area at Bagru and Unit II at Jaipur Mahindra World City SEZ. The company currently has a processing/manufacturing capacity of 4,71,164 sq m (square meters) and 5,21,643 sq m of natural stones and engineered quartz, respectively.
The company reported a net profit of Rs 13.59 crore and net sales of Rs 97.98 crore for the six months ended on 30 September 2022.
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15-Mar-2023 (17:39)
Global Surfaces IPO subscribed 12.21 times
The initial public offer (IPO) of Global Surfaces received bids for 9,46,14,400 shares as against 77,49,000 shares on offer, according to stock exchange data at 17:33 IST on Wednesday (15 March 2023). The issue was subscribed 12.21 times.
The issue opened for bidding on Monday (13 March 2023) and it will close on Wednesday (15 March 2023). The price band of the IPO is fixed at Rs 133-140 per share. An investor can bid for a minimum of 100 equity shares and in multiples thereof.
The IPO comprises offer for sale (OFS) of 25,50,000 equity shares (14,00,000 equity shares by Mayank Shah and 11,50,000 equity shares by Sweta Shah, both promoter shareholders) and the fresh issue of 85,20,000 equity shares.
Of the net proceeds from the fresh issue, the company proposes to utilize about Rs 90 crore towards investment in Global Surfaces FZE (a wholly owned subsidiary) for part-financing its capital expenditure requirements in relation to the setting up of manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates. The balance amount will be utilized for general corporate purposes.
Post IPO, the shareholding of Mayank Shah will stand at 55.46% and that of Sweta Shah will be 5.66%.
Ahead of the IPO, Global Surfaces on Friday, 10 March 2023, raised Rs 46.49 crore from anchor investors. The board allotted 33.21 lakh shares at Rs 140 each to 3 anchor investors.
Global Surfaces is engaged in processing natural stones and manufacturing engineered quartz. Its products find application in the flooring, wall cladding, countertops, cut-to size and other items and are used in both commercial and residential industry. The company sells its products both within and outside India.
The operating units of the company are located at Jaipur, Rajasthan, with Unit I located at Riico Industrial Area at Bagru and Unit II at Jaipur Mahindra World City SEZ. The company currently has a processing/manufacturing capacity of 4,71,164 sq m (square meters) and 5,21,643 sq m of natural stones and engineered quartz, respectively.
The company reported a net profit of Rs 13.59 crore and net sales of Rs 97.98 crore for the six months ended on 30 September 2022.
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14-Mar-2023 (17:09)
Global Surfaces IPO subscribed 1.09 times
The initial public offer (IPO) of Global Surfaces received bids for 84,23,700 shares as against 77,49,000 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (14 March 2023). The issue was subscribed 1.09 times.
The issue opened for bidding on Monday (13 March 2023) and it will close on Wednesday (15 March 2023). The price band of the IPO is fixed at Rs 133-140 per share. An investor can bid for a minimum of 100 equity shares and in multiples thereof.
The IPO comprises offer for sale (OFS) of 25,50,000 equity shares (14,00,000 equity shares by Mayank Shah and 11,50,000 equity shares by Sweta Shah, both promoter shareholders) and the fresh issue of 85,20,000 equity shares.
Of the net proceeds from the fresh issue, the company proposes to utilize about Rs 90 crore towards investment in Global Surfaces FZE (a wholly owned subsidiary) for part-financing its capital expenditure requirements in relation to the setting up of manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates. The balance amount will be utilized for general corporate purposes.
Post IPO, the shareholding of Mayank Shah will stand at 55.46% and that of Sweta Shah will be 5.66%.
Ahead of the IPO, Global Surfaces on Friday, 10 March 2023, raised Rs 46.49 crore from anchor investors. The board allotted 33.21 lakh shares at Rs 140 each to 3 anchor investors.
Global Surfaces is engaged in processing natural stones and manufacturing engineered quartz. Its products find application in the flooring, wall cladding, countertops, cut-to size and other items and are used in both commercial and residential industry. The company sells its products both within and outside India.
The operating units of the company are located at Jaipur, Rajasthan, with Unit I located at Riico Industrial Area at Bagru and Unit II at Jaipur Mahindra World City SEZ. The company currently has a processing/manufacturing capacity of 4,71,164 sq m (square meters) and 5,21,643 sq m of natural stones and engineered quartz, respectively.
The company reported a net profit of Rs 13.59 crore and net sales of Rs 97.98 crore for the six months ended on 30 September 2022.
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13-Mar-2023 (17:09)
Global Surfaces IPO subscribed 42%
The initial public offer (IPO) of Global Surfaces received bids for 32,75,300 shares as against 77,49,000 shares on offer, according to stock exchange data at 17:00 IST on Monday (13 March 2023). The issue was subscribed 0.42 times.
The issue opened for bidding on Monday (13 March 2023) and it will close on Wednesday (15 March 2023). The price band of the IPO is fixed at Rs 133-140 per share. An investor can bid for a minimum of 100 equity shares and in multiples thereof.
The IPO comprises offer for sale (OFS) of 25,50,000 equity shares (14,00,000 equity shares by Mayank Shah and 11,50,000 equity shares by Sweta Shah, both promoter shareholders) and the fresh issue of 85,20,000 equity shares.
Of the net proceeds from the fresh issue, the company proposes to utilize about Rs 90 crore towards investment in Global Surfaces FZE (a wholly owned subsidiary) for part-financing its capital expenditure requirements in relation to the setting up of manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates. The balance amount will be utilized for general corporate purposes.
Post IPO, the shareholding of Mayank Shah will stand at 55.46% and that of Sweta Shah will be 5.66%.
Ahead of the IPO, Global Surfaces on Friday, 10 March 2023, raised Rs 46.49 crore from anchor investors. The board allotted 33.21 lakh shares at Rs 140 each to 3 anchor investors.
Global Surfaces is engaged in processing natural stones and manufacturing engineered quartz. Its products find application in the flooring, wall cladding, countertops, cut-to size and other items and are used in both commercial and residential industry. The company sells its products both within and outside India.
The operating units of the company are located at Jaipur, Rajasthan, with Unit I located at Riico Industrial Area at Bagru and Unit II at Jaipur Mahindra World City SEZ. The company currently has a processing/manufacturing capacity of 4,71,164 sq m (square meters) and 5,21,643 sq m of natural stones and engineered quartz, respectively.
The company reported a net profit of Rs 13.59 crore and net sales of Rs 97.98 crore for the six months ended on 30 September 2022.
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06-Mar-2023 (10:01)
Divgi TorqTransfer Systems IPO ends with good subscription
The initial public offer (IPO) of Divgi TorqTransfer Systems (DTTS) received bids for 2,08,87,225 shares as against 38,41,800 shares on offer. The issue was subscribed 5.44 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 7.38 times. The Non Institutional Investors (NIIs) category was subscribed 1.40 times. The Retail Individual Investors (RIIs) category was subscribed 4.31 times.
The issue opened for bidding on 1 March 2023 and it closed on 3 March 2023. The price band of the IPO is fixed at Rs 560-590 per share.
The offer comprised fresh issue of aggregating to Rs 180 crore and offer for sale of 39,34,243 equity shares.
Of the net proceeds from fresh issue, the company proposes to utilize Rs 150.71 crore towards funding capital expenditure requirements for the purchase of equipments of its manufacturing facilities and balance towards general corporate purposes.
Ahead of the IPO, Divgi TorqTransfer Systems on 28 February 2023, raised Rs 185.45 crore from anchor investors. The board allotted 31.43 lakh shares at Rs 590 each to 12 anchor investors.
DTTS is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.
A transfer case is a part of the drivetrain of four-wheel-drive, all-wheel-drive, and other multiple powered axle vehicles. The transfer case transfers power from the transmission to the front and rear axles by means of drive shafts.
The company manufactures and supplies a variety of products under the broad categories of torque transfer systems (which includes four-wheel-drive and all-wheel-drive products); synchronizer systems for manual transmissions and DCT; and components for the above-mentioned product categories for torque transfer systems and synchronizer systems in manual transmission, DCT, and EVs. It has also developed transmission systems for EVs; DCT systems; and rear wheel drive manual transmissions.
The company reported a net profit of Rs 25.66 crore and revenue from operations of Rs 133.72 crore for the six months ended on 30 September 2022.
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