Education-focused non-banking financial company (NBFC) Avanse Financial Services Limited filed a draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). Avanse Financial IPO is a mix of fresh issue and offer for sale, whereby the company is seeking to raise ₹1,000 …
Vraj Iron and Steel Ltd. opened its Initial Public Offering (IPO) to raise money from the public on June 26, 2024, and will close on June 28, 2024. The IPO is a book-built issue of Rs 171.00 crores, entirely a fresh issue of 0.83 crore shares. Vraj Iron and Steel IPO price band has been …
Allied Blenders and Distillers Limited IPO witnessed an increased interest from investors on the 2nd day of subscription. Allied Blenders IPO offers 5,32,74,020 shares. 1,06,54,804 (20.00%) to QIB, 79,91,103 (15.00%) to NII, 1,86,45,907 (35.00%) to RII, 1,17,647 (0.22%) to employees and 1,59,82,206 (30.00%) to Anchor investors. 3,51,809 RIIs will receive a minimum of 53 shares, …
DEE Development Engineers Limited is an engineering firm specializing in customized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other process sectors, debuted on the Indian stock market today. The stock of DEE Development Engineers India settled at Rs 325 per share on the BSE, representing an impressive …
Akme Fintrade India Ltd is a non-banking financial company (NBFC) with more than two decades of expertise in lending to rural and semi-urban areas across India, debuted on the Indian stock market today. The stock of Akme Fintrade India settled at Rs 125.70 per share on the BSE, representing an impressive 4.75% premium over the …
The Indian-made foreign liquor company Allied Blenders and Distillers Limited has opened its IPO to raise money from the public on June 25, 2024, and will close on June 27, 2024. Allied Blenders IPO is a book-built issue of ₹1,500.00 crore. The issue is a combination of a fresh issue of 3.56 crore shares aggregating …
The luxury furniture maker Stanley Lifestyles Limited’s IPO was closed on June 25, 2024. The allotment for the IPO is expected to be finalised on June 26, 2024. Stanley Lifestyles IPO will be listed on BSE and NSE, with a tentative listing date of June 28, 2024. Stanley Lifestyles IPO is a book-built issue of …
Established in 1988, Allied Blenders and Distillers Ltd (ABD) has emerged as a significant force in the Indian-made foreign liquor (IMFL) market, renowned for its flagship brand, Officer’s Choice. With a robust portfolio comprising 16 brands across whisky, brandy, rum, and vodka, ABD holds a distinguished position as the largest exporter of IMFL in India. …
On the second day of the bidding process, the Stanley Lifestyles Limited IPO was subscribed 5.25 times. The retail portion was subscribed to 6.22x, 0.71x in Qualified Institutional Buyers (QIB), and 9.02x in Non-Institutional Investors (NII). On the first day of subscription, the IPO was subscribed to 1.59x. QIBs subscribed 0.29x, NIIs subscribed 2.12x, and …
Ola Electric Mobility, a leading electric scooter manufacturer, is encountering hurdles as it gears up for its much-anticipated Initial Public Offering (IPO), primarily due to investor pushback regarding its valuation. Valuation Discrepancy Investors are expressing concerns over the targeted valuation for Ola Electric’s IPO. According to the reports, the initial feedback suggests a valuation of …
