Page 82 - Ipo News Today

The startup is seeking pitches from investment bankers to underwrite and market the IPO that is likely to involve diluting a 10-15% stake, comprising a fresh issue of shares and an offer for sale (OFS), they said.

The IPO of Thai Casting aims to raise Rs 47 crore through an equity issue of 61.2 lakh shares. The Indian die casting industry is expected to grow, and Thai Castings financial performance shows promising revenues and profit. The IPO opens on February 15 and closes on February 20.

Sebi has issued observations on a few draft prospectuses, asking companies and its IPO managers to remove “selling shareholders” from the decision making process of pricing or allocating shares.

WTI Cabs is finalizing its share allotment process for the IPO. Investors can check the allotment status on Beetal Financial and Computer Services website. The companys shares are trading at a premium in the unlisted market and are expected to list at a 52% premium. The IPO was highly subscribed with strong interest from non-institutional investors.

Alpex Solar IPO: The stock opened at Rs 329 against the issue price of Rs 115 on the NSE SME platform

Parent Shriram Finance, which is mainly involved in commercial vehicle financing, owns 84.82% of Shriram Housing Finance Ltd, which focuses on affordable homes. San Francisco-based PE Valiant Capital Management owns most of the remaining stake.

The IPO is a completely fresh issue comprising 1,850,400 equity shares. Maximum subscription amount for retail investors is Rs 2 lakh.

The issue is at a fixed price of Rs 77 per equity share. The equity shares will be listed on the NSE Emerge platform.

Kalahridhaan Trendzs IPO aims to raise Rs 22.4 crore through the issuance of 49.9 lakh shares at Rs 45 per share. The company engages in fabric manufacturing, trading, embroidery works, grey cloths, and printing and dyeing for suiting, shirting, and dress materials. The textile and apparel industry is projected to reach $190 billion by 2025-26.

Rudra Gas Enterprise IPO: The stock opened at Rs 119.7 against the issue price of Rs 63 on the BSE SME