Page 6 - Ipo Update News Today

Greenchef Appliances is set to launch its initial public offering (IPO) on 23 June, with subscriptions closing just four days later. The firm make kitchen appliances, with gas stoves and pressure cookers among its key products. The kitchen appliances market in India is expected to grow at 8.7% CAGR between 2022 and 2026. Greenchef Appliances is looking to use proceeds from the IPO to help fund the installation of new plant and machinery and for general corporate purposes.

The company has raised about Rs 60 crore in a pre-IPO round from institutional investors that included Tata AIG General Insurance, Motilal Oswal Mutual Fund, and Think Investments PCC. The IPO comprises a fresh issue of up to Rs 240 crore in equity shares plus an offer for sale of up to 4.86 million units

Cell Points IPO was subscribed 1.06 times on the first day, primarily driven by non-institutional investors who bid for 33.31 lakh shares. The IPO will be used to repay borrowings, renovate existing stores and establish new ones. Meanwhile, Cosmic CRFs IPO, which opened on 14th June, was only subscribed 22% by the end of day two, as NIIs and retail investors were not as enthused. The company is a supplier of cold-rolled stainless steel sections to renowned wagon makers and the railway.

Proceeds will be used for payment of debt, funding working capital requirements, pursuing inorganic initiatives and general corporate purposes.

Subscription period remains unchanged: The UAE Retail Offer closed on Thursday, and the Qualified Investor Offer will close today

This came after four companies launched their initial share-sales last week. Of these, two IPOs -- maker of snacks and sweets Bikaji Foods International and Global Health Ltd which operates hospitals under the Medanta brand -- are currently underway. Get more Markets News and Business News on Zee Business.

The issue is purely an offer for sale (OFS) of 29,373,984 shares, which is being sold in the 285-300 price band. The lot size is 50 shares.

The data analytics services firm made its market debut at Rs 530 per share (up 169 per cent) on the Bombay Stock Exchange (BSE) against the IPO issue price of Rs 197.

Shyam Metalics, Sona Comstar, Navoday Enterprises IPOs open on June 14: The companies are raising funds to retire their debt, funding capital expenditure requirements, and for general corporate purposes

× All eyes are on the BSE Sensex, as it is inching towards 50,000 mark. The SGX Nifty at 14,508 points a gap up opening of about 40 points, even as most Asian markets are trading marginally lower. However, the overnight closing of US stocks presents a positive signal. The Sensex on Tuesday closed with a gain of 834.0 points at 49398.0 levels, just 600 points away from historical 50,000-landmark; the Nifty gained 240 points at 14521.1 levels while the Nifty futures closed at 14,470. Going ahe...