On the first day of the bidding process, Emcure Pharmaceuticals Limited IPO was subscribed 1.32 times. The retail portion was subscribed to 1.41x, 0.07x in Qualified Institutional Buyers (QIB), 2.76x in Non-Institutional Investors (NII), and 2.25x in the employees category. The IPO opened today, July 3, 2024, and will close on July 5, 2024. The …
Vraj Iron and Steel Limited specializes in the production of Sponge Iron, M.S. Billets, and TMT bars marketed under the Vraj brand, debuted on the Indian stock market today. The stock of Vraj Iron and Steel Limited settled at Rs 240 per share on the BSE, representing an impressive 15.94% premium over the final issue …
Anchor Investors Inject Rs 582 Crore Emcure Pharmaceuticals Ltd. has successfully raised Rs 582 crore from anchor investors ahead of its much-anticipated initial public offering (IPO). The company allocated 57.79 lakh shares at Rs 1,008 each to 48 anchor investors. Among these, the ICICI Prudential Pharma Healthcare and Diagnostics Fund received the largest allocation at …
Namita Thapar is set to earn good returns from Emcure Pharmaceuticals’ upcoming IPO. According to the company’s red herring prospectus, Thapar will earn a 293-fold return on her initial investment by partially offloading her stake. Return on Investment At the upper end of the price band, Thapar will see her investment multiply 293 times. The …
Established in 2008, Allied Blenders and Distillers is an international liquor company that manufactures its products in India. Four international alcoholic beverages made in India, including vodka, rum, brandy, and whiskey, are available from the company. Moreover, they offer drinking water in packs that bear the Officer’s Choice, Sterling Reserve, and Officer’s Choice Blue labels. …
Allied Blenders and Distillers is a company based in India that specializes in Indian-made foreign liquor, debuted on the Indian stock market today. The stock of Allied Blenders and Distillers settled at Rs 315.05 per share on the BSE, representing an impressive 12.12% premium over the final issue price of Rs 281 per share. Additionally, …
The precision engineering company specializes in the manufacturing and supply of high-quality components for a range of industries, including commercial vehicles, tractors, off-highway vehicles, pipe fittings, and rail components. It has built a reputation for excellence and reliability, attracting high-profile clients in various sectors. In the commercial vehicle segment, the company serves notable clients such …
Niva Bupa Health Insurance Company specializes in working in the health industry and providing health insurance to end users. More than 14.73 million active insured people will live until March 31, 2024, making it the 2nd largest insurance company after Star Health Insurance, which is going to be listed on the Indian stock market. Niva …
Mamata Machinery specializes in manufacturing and exporting a wide range of machinery for the packaging industry, including plastic bags and pouch-making machines, packaging machines, and extrusion equipment. Known for its comprehensive manufacturing solutions, the company markets its products globally under the brands ‘Vega’ and ‘Win’. As of May 2024, Mamata Machinery has successfully installed more …
The Vraj Iron and Steel IPO was closed on June 28, 2024, after increased investor interest. The allotment for the Vraj Iron and Steel IPO is expected to be finalised on July 1, 2024. The Vraj Iron and Steel IPO will be listed on BSE and NSE, with a tentative listing date of July 3, …
