18-Apr-2024 (15:31)
Vodafone Idea FPO subscribed 0.18 times
The follow-on public offer (FPO) of Vodafone Idea was subscribed 0.18 times on the first day of bidding. As on 15:24 IST on Thursday (April 18), the issue received bids for 2,22,96,52,480 equity shares against the issue size of 12,60,00,00,001 equity shares.
The portion reserved for retail individual investors (RIIs) was subscribed by 5% with bids of 32,07,13,734 equity shares against offered 6,30,00,00,000 equity shares.
Meanwhile, the portion reserved for qualified institutional buyers (QIBs) has received bids for 1,52,85,96,190 shares, implying a total subscription of 42%. The non-institutional investors (NII) category has been subscribed by 0.14 times, recording bids for 38,03,42,556 shares.
The FPO consists of fresh issuance of equity shares for an amount aggregating to Rs 18,000 crore.
The price band for the offer was fixed at Rs 10-11 per share and the minimum bid quantity is 1,298 shares. The issue opened for public participation on 18 April 2024 and it will close on 22 April 2024.
Qualified institutional buyers were allotted 50% of the offer. A minimum of 15% of the FPO was reserved for non-institutional bidders and a minimum 35% was allocated to retail individual bidders.
The company proposes to utilise the net proceeds from the issue for purchase of equipment for the expansion of our network infrastructure by setting up new 4G sites, expanding the capacity of existing 4G Sites and new 4G sites and setting up new 5G sites; payment of certain deferred payments for spectrum to the DoT and the GST thereon; and for general corporate purposes.
Before the FPO, the Promoter and Promoter Group held 48.75% stake in the company. Post-FPO, the Promoter holding would come down to 36.87%.
Ahead of the FPO, the company on 17 April 2024 raised Rs 5,400 crore from 74 anchor investors by finalising the allocation of 491 crore shares under anchor portion at a price of Rs 11 apiece.
The investors include GQG Partners, Fidelity Investments, UBS Fund Management, Jupiter Fund Management, and Australian Super, besides Indian investors such as India Infoline, Motilal Oswal, HDFC Mutual Fund, SBI General Insurance and Quant.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service provider. The company provides pan India voice and data services across 2G, 3G and 4G platforms. The company holds large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave 5G spectrum in 16 circles.
The telecom service provider reported a consolidated net loss of Rs 6,985.9 crore in Q3 FY24 as compared with a net loss of Rs 7,990 crore in Q3 FY3. Revenue from operations increased marginally to Rs 10,673.1 crore in Q3 FY24 as against Rs 10,620.6 crore posted in Q3 FY23.
Powered by Capital Market - Live News
15-Apr-2024 (17:25)
NSE SME IPO of Grill Splendour Services (Birdy's) subscribed 2.01 times
The initial public offer (IPO) of Grill Splendour Services (Birdy's) received bids for 27,61,200 shares as against 13,72,800 shares on offer, as per NSE data as of 17:00 hours on Monday, (15 April 2024). The issue was subscribed 2.01 times.
The issue opened for bidding on Monday, (15 April 2024) and it will close on Thursday, (18 April 2024). The price of the IPO is fixed at Rs 120 per share. The minimum order quantity is 1200 equity shares. The equity shares will list on NSE?s SME platform.
The IPO comprises fresh issue of 13,72,800 equity shares. The promoter and promoter group shareholding will dilute to 36.64% from 49.75% Pre-IPO.
About 69,600 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 13,03,200 equity shares. The issue and the net issue will constitute 26.34% and 25.02% respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to funding additional working capital requirements of the company, to pre-payment/repayment, in full or part, of certain outstanding borrowings availed by the company, to offer expenses and general corporate purpose.
Grill Splendour Services (Birdy's) is engaged in chain of gourmet bakery and Patisserie spread across Mumbai through 17 retail stores, a centralized production facility and multiple corporate clients. Out of these 17 retail stores, 5 stores are running under the franchisee model (franchisee owned, and company operated) and rest 12 stores are owned by company. The company offers fresh food products from traditional to ?made to order? as required by the customers. The company has 77 employees.
The company recorded revenue from operations of Rs 8.83 crore and net profit of Rs 0.61 crore for the period as on 30 November 2023.
Powered by Capital Market - Live News
15-Apr-2024 (17:20)
NSE SME IPO of Ramdevbaba Solvent subscribed 3.04 times
The initial public offer (IPO) of Ramdevbaba Solvent received bids for 1,79,93,600 shares as against 59,13,600 shares on offer, as per NSE data as of 17:00 hours on Monday, (15 April 2024). The issue was subscribed 3.04 times.
The issue opened for bidding on Monday, (15 April 2024) and it will close on Thursday, (18 April 2024). The price band of the IPO is fixed at Rs 80 to Rs 85 per share. The minimum order quantity is 1600 equity shares. The equity shares will list on NSE?s SME platform.
The IPO comprises fresh issue of 59,13,600 equity shares. About 3,13,600 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 56,00,000 equity shares. The issue and the net issue will constitute 26.73% and 25.31% 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 requirement of the company, to setting up of new manufacturing facility, to repayment in full or in part, of certain of outstanding borrowings and general corporate purpose.
Ahead of the IPO, Ramdevbaba Solvent on Friday, 12 April 2024, raised Rs 14.28 crore from anchor investors. The board allotted 16.80 lakh shares at Rs 85 per share to 7 anchor investors.
Ramdevbaba Solvent is engaged in the business of manufacturing, distribution, marketing and selling of physically refined rice bran oil. The company manufactures and sell rice bran oil to FMCG companies like Mother Dairy Fruit & Vegetable, Marico and Empire Spices and Foods. It also manufacture, market and sell rice bran oil under it?s own brands Tulsi and Sehat through 38 distributors who in turn sell to various retailers across Maharashtra. The company has 491 employees.
The company recorded revenue from operations of Rs 463.59 crore and net profit of Rs 8.28 crore for the period as on 31 December 2023.
Powered by Capital Market - Live News
12-Apr-2024 (17:08)
BSE SME IPO of Greenhitech Ventures subscribed 14.99 times
The initial public offer (IPO) of Greenhitech Ventures received bids for 1,88,97,000 shares as against 12,60,000 shares on offer, as per BSE data as of 17:00 hours on Friday, (12 April 2024). The issue was subscribed 14.99 times.
The issue opened for bidding on Friday, (12 April 2024) and it will close on Tuesday, (16 April 2024). The price of the IPO is fixed at Rs 50 per share. The minimum order quantity is 3000 equity shares. The equity shares will list on BSE?s SME platform.
The IPO comprises fresh issue of 12,60,000 equity shares. The promoter and promoter group shareholding will dilute to 70.64% from 96.52% Pre-IPO.
About 66,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 11,94,000 equity shares. The issue and the net issue will constitute 26.81% and 25.40% 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 requirement of the company and general corporate purpose.
Greenhitech Ventures is engaged in trading of various petroleum-based products for the different categories of industries based on their requirement. This includes supply of biofuels, bitumen, light density oils, furnace oils etc. The company is also engaged in operation & maintenance as Job worker for Ethanol manufacturing in Government owned distilleries. The company provide business solutions and services to consumers of Fuels and other alternative materials across India. As on 31 January 2024 the company has 68 employees.
The company recorded revenue from operations of Rs 3.35 crore and net profit of Rs 0.35 crore for the period as on 31 January 2024.
Powered by Capital Market - Live News
06-Apr-2024 (17:03)
Bharti Hexacom IPO ends with good subscription
The initial public offer (IPO) of Bharti Hexacom received 123,23,48,884 bids for shares as against 4,12,50,000 shares on offer. The issue was subscribed 29.88 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 48.57 times. The Non Institutional Investors (NIIs) category was subscribed 10.52 times. The Retail Individual Investors (RIIs) category was subscribed 2.83 times.
The issue opened for bidding on Wednesday (3 April 2024) and closed on Friday (5 April 2024). The price band of the IPO was fixed at Rs 542 to 570 per share.
The offer comprises entirely an offer for sale (OFS) of 7,50,00,000 equity shares. The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholder Telecommunications Consultants India Limited (TCIL).
Post issue, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom, while TCIL?s stake will drop to 15%.
Ahead of the IPO, Bharti Hexacom on Tuesday, 2 April 2024 raised Rs 1,923.75 crore from anchor investors. The board allotted 3.37 crore shares at Rs 570 each to 97 anchor investors.
Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel.
As of 31 December 2023, the company was present in 486 census towns and had an aggregate of 27.1 million customers across both the circles. The distribution network comprised 616 distributors and 89454 retail touch points. It has invested Rs 206 billion in capital expenditures in its future ready digital infrastructure.
The firm reported a net profit of Rs 281.80 crore and sales of Rs 5,220.80 crore for the nine months ended on 31 December 2023.
Powered by Capital Market - Live News
05-Apr-2024 (17:36)
Bharti Hexacom IPO subscribed 29.88 times
The initial public offer (IPO) of Bharti Hexacom received 1,23,23,48,884 bids for shares as against 4,12,50,000 shares on offer, according to stock exchange data at 17:30 IST on Friday (5 April 2024). The issue was subscribed 29.88 times.
The issue opened for bidding on Wednesday (3 April 2024) and it will close on Friday (5 April 2024). The price band of the IPO is fixed at Rs 542 to 570 per share. An investor can bid for a minimum of 26 equity shares and in multiples thereof.
The offer comprises entirely an offer for sale (OFS) of 7,50,00,000 equity shares. The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholder Telecommunications Consultants India Limited (TCIL).
Post issue, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom, while TCIL?s stake will drop to 15%.
Ahead of the IPO, Bharti Hexacom on Tuesday, 2 April 2024 raised Rs 1,923.75 crore from anchor investors. The board allotted 3.37 crore shares at Rs 570 each to 97 anchor investors.
Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel.
As of 31 December 2023, the company was present in 486 census towns and had an aggregate of 27.1 million customers across both the circles. The distribution network comprised 616 distributors and 89454 retail touch points. It has invested Rs 206 billion in capital expenditures in its future ready digital infrastructure.
The firm reported a net profit of Rs 281.80 crore and sales of Rs 5,220.80 crore for the nine months ended on 31 December 2023.
Powered by Capital Market - Live News
04-Apr-2024 (17:06)
Bharti Hexacom IPO subscribed 1.12 times
The initial public offer (IPO) of Bharti Hexacom received 4,62,41,546 bids for shares as against 4,12,50,000 shares on offer, according to stock exchange data at 17:00 IST on Thursday (4 April 2024). The issue was subscribed 1.12 times.
The issue opened for bidding on Wednesday (3 April 2024) and it will close on Friday (5 April 2024). The price band of the IPO is fixed at Rs 542 to 570 per share. An investor can bid for a minimum of 26 equity shares and in multiples thereof.
The offer comprises entirely an offer for sale (OFS) of 7,50,00,000 equity shares. The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholder Telecommunications Consultants India Limited (TCIL).
Post issue, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom, while TCIL?s stake will drop to 15%.
Ahead of the IPO, Bharti Hexacom on Tuesday, 2 April 2024 raised Rs 1,923.75 crore from anchor investors. The board allotted 3.37 crore shares at Rs 570 each to 97 anchor investors.
Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel.
As of 31 December 2023, the company was present in 486 census towns and had an aggregate of 27.1 million customers across both the circles. The distribution network comprised 616 distributors and 89454 retail touch points. It has invested Rs 206 billion in capital expenditures in its future ready digital infrastructure.
The firm reported a net profit of Rs 281.80 crore and sales of Rs 5,220.80 crore for the nine months ended on 31 December 2023.
Powered by Capital Market - Live News
03-Apr-2024 (17:10)
Bharti Hexacom IPO subscribed 34%
The initial public offer (IPO) of Bharti Hexacom received 1,41,08,328 bids for shares as against 4,12,50,000 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (3 April 2024). The issue was subscribed 0.34 times.
The issue opened for bidding on Wednesday (3 April 2024) and it will close on Friday (5 April 2024). The price band of the IPO is fixed at Rs 542 to 570 per share. An investor can bid for a minimum of 26 equity shares and in multiples thereof.
The offer comprises entirely an offer for sale (OFS) of 7,50,00,000 equity shares. The company will not receive any proceeds from the offer and all the offer proceeds will be received by the selling shareholder Telecommunications Consultants India Limited (TCIL).
Post issue, parent Bharti Airtel will retain its 70% stake in Bharti Hexacom, while TCIL?s stake will drop to 15%.
Ahead of the IPO, Bharti Hexacom on Tuesday, 2 April 2024 raised Rs 1,923.75 crore from anchor investors. The board allotted 3.37 crore shares at Rs 570 each to 97 anchor investors.
Bharti Hexacom runs mobile services in Rajasthan and the Northeast telecommunication circles of India, comprising Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company offers its services under the brand Airtel.
As of 31 December 2023, the company was present in 486 census towns and had an aggregate of 27.1 million customers across both the circles. The distribution network comprised 616 distributors and 89454 retail touch points. It has invested Rs 206 billion in capital expenditures in its future ready digital infrastructure.
The firm reported a net profit of Rs 281.80 crore and sales of Rs 5,220.80 crore for the nine months ended on 31 December 2023.
Powered by Capital Market - Live News
29-Mar-2024 (12:11)
SRM Contractors IPO ends with stellar subscription
The initial public offer (IPO) of SRM Contractors received 37,57,09,530 bids for shares as against 43,40,100 shares on offer. The issue was subscribed 86.57 times.
The Non Institutional Investors (NIIs) category was subscribed 214.94 times. The Qualified Institutional Buyers (QIBs) category was subscribed 59.59 times. The Retail Individual Investors (RIIs) category was subscribed 46.97 times.
The issue opened for bidding on 26 March 2024 and it closed on 28 March 2024. The price band of the IPO was fixed at Rs 200 to 210 per share.
The issue comprised a fresh issue of 62,00,000 equity shares. The company proposed to utilize the net proceeds from the fresh issue to fund capital expenditure requirements for the purchase of equipment and machinery; full and part-payment of certain outstanding secured borrowings; incremental working capital requirements, investment in project specific JV projects and the balance towards general corporate purposes.
Ahead of the IPO, SRM Contractors on Friday, 22 March 2024 raised Rs 39.05 crore from anchor investors. The board allotted 18.59 lakh shares at Rs 210 each to 3 anchor investors.
SRM Contractors is an engineering construction and development company undertaking construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in hilly, challenging and difficult terrains and geography such as the Union Territories of Jammu & Kashmir and Ladakh.
The company executes construction both as an EPC contractor and on an item rate basis for infrastructure projects. It undertakes contracts independently or whenever required, through project-specific joint ventures (JVs) with other infrastructure and construction entities when a project requires meeting specific eligibility requirements of certain large projects, including requirements relating to specific experiences.
The firm reported a net profit of Rs 21.07 crore and sales of Rs 234.55 crore for the nine months ended on 31 December 2023.
Powered by Capital Market - Live News
28-Mar-2024 (17:37)
SRM Contractors IPO subscribed 86.57 times
The initial public offer (IPO) of SRM Contractors received 37,57,09,110 bids for shares as against 43,40,100 shares on offer, according to stock exchange data at 17:30 IST on Thursday (28 March 2024). The issue was subscribed 86.57 times.
The issue opened for bidding on Tuesday (26 March 2024) and it will close on Thursday (28 March 2024). The price band of the IPO is fixed at Rs 200 to 210 per share. An investor can bid for a minimum of 70 equity shares and in multiples thereof.
The issue comprises a fresh issue of 62,00,000 equity shares. The company proposed to utilize the net proceeds from the fresh issue to fund capital expenditure requirements for the purchase of equipment and machinery; full and part-payment of certain outstanding secured borrowings; incremental working capital requirements, investment in project specific JV projects and the balance towards general corporate purposes.
Ahead of the IPO, SRM Contractors on Friday, 22 March 2024 raised Rs 39.05 crore from anchor investors. The board allotted 18.59 lakh shares at Rs 210 each to 3 anchor investors.
SRM Contractors is an engineering construction and development company undertaking construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in hilly, challenging and difficult terrains and geography such as the Union Territories of Jammu & Kashmir and Ladakh.
The company executes construction both as an EPC contractor and on an item rate basis for infrastructure projects. It undertakes contracts independently or whenever required, through project-specific joint ventures (JVs) with other infrastructure and construction entities when a project requires meeting specific eligibility requirements of certain large projects, including requirements relating to specific experiences.
The firm reported a net profit of Rs 21.07 crore and sales of Rs 234.55 crore for the nine months ended on 31 December 2023.
Powered by Capital Market - Live News
- showing
1
to
10
of
100
entries