2019 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Wednesday, April 17, 2019

Neogen Chemicals IPO Dates & Price Band:

April 17, 2019 0
Neogen Chemicals IPO Dates & Price Band:

Neogen Chemicals IPO Dates & Price Band: (Tentative)
IPO Open: 24-April-2019
IPO Close: 26-April-2019
IPO Size: Approx Rs.125 Crore (Approx)
Face Value: Rs.10 Per Equity Share
Price Band: Rs.180 to 190 Per Share
Listing on: BSE & NSE
Retail Portion: 35%
Equity: 65,84,210 Shares

Monday, March 25, 2019

RVNL IPO opens March 29, 2019

March 25, 2019 0
RVNL IPO opens March 29, 2019

State-run *Rail Vikas Nigam Ltd (RVNL)* has received capital markets regulator SEBI’s go-ahead to float an initial public offering.

Going by the draft papers, the IPO of RVNL, which builds infrastructure for high speed rail, will see sale of 2.08 crore equity shares or 10 per cent stake by the government.

The public issue is being managed by Yes Securities, Elara Capital (India) and IDBI Capital Markets & Securities. The equity shares of the company are proposed to be listed on BSE and NSE.

Thursday, March 7, 2019

Endurance Technologies OFS oversubscribed, cut off price fixed at Rs.1135

March 07, 2019 0
Endurance Technologies OFS oversubscribed, cut off price fixed at Rs.1135

Endurance Technologies Offer for Sale was open for Non Retail category on 6-Mar-2019 and for Retail category on 7-Mar-2019 at a floor price of Rs.1100 a piece. The issue is oversubscribed by more than 2.5 times as per NSE website

The cut-off price determined on the first day of OFS(06-Mar-2019) on the basis of bids received in the general category is Rs.1135

The market price of Endurance Technologies was Rs.1178.10 on 7-Mar-2019. The stock has touched a 52 week low of Rs.1062 on 27-Nov-2018 and a 52 week high of Rs.1578.80 on 6-Aug-2018

Stay tuned to IndianIPOBlog for latest updates on IPOs and OFSs in Indian markets

Wednesday, March 6, 2019

Endurance Technologies Offer for Sale

March 06, 2019 0
Endurance Technologies Offer for Sale
Offer for Sale - OFS
Company: Endurance Technologies Limited
Bloomberg Code: ENDU IN EQUITY
Selling Shareholder: Mr. Anurang Jain (Promoter of the Company)
Offer size: 6,363,637 equity shares (Base size) with face value of INR 10 per equity share with an oversubscription option of 4,189,051 equity shares (Oversubscription size)
Floor Price: INR 1,100.00 per share (Discount of 12.6% to Last Close Price of INR 1,259.30 as on March 5, 2019 on NSE)
Offer Size at Floor Price: INR 7,000 MM i.e. USD 98.9 MM (Base size) and INR 4,608 MM i.e. USD 65.1 MM (Oversubscription Size)
Public Announcement and Floor Price Announcement (T-1): Tuesday, March 5, 2019
Trade Date for non-Retail investors (T): Wednesday, March 6, 2019
Trade Date for Retail Investors (T+1): Thursday, March 7, 2019
Selling Broker: Axis Capital Limited

Friday, February 8, 2019

Mazgaon Dock IPO upcoming till month end

February 08, 2019 0
Mazgaon Dock IPO upcoming till month end
State-owned Mazagon Dock Shipbuilders is likely to raise Rs 500-600 crore through an initial public offer (IPO) by the end of this month, a senior company official said Wednesday. The public sector undertaking had in August last year received Sebi's go ahead to float the initial share sale.

Mazagon, a leading shipyard of the country, would see sale of over 2.24 crore equity shares, amounting to 10 percent stake of the government.

The offer will also have a portion for employees, which will not exceed 5 per cent of the post offer paid up equity share capital of the company.

The IPO is part of the government's efforts to garner Rs 80,000 crore through stake sales in state-owned companies in 2018-19.

Thursday, February 7, 2019

Amidst tough times, Anil Ambani led Reliance General re-files for IPO

February 07, 2019 0
Amidst tough times, Anil Ambani led Reliance General re-files for IPO
This one's clearly a surprise!

In a market with heavy negative investor sentiment, the Anil Ambani-led Reliance group is planning an initial public offering (IPO) of a group company as early as this financial year. Reliance General Insurance Company will re-file its IPO document with market regulator Securities and Exchange Board of India (Sebi) this week, according to investment banking sources.

The company is hoping to obtain pending regulatory approvals soon, and targeting to list before March-end

Reliance General had all the approvals in place last year, but couldn't launch its IPO because of challenging market conditions and negative sentiments towards the group companies. While not much has changed on that front, the company and bankers are hopeful that the issue would sail through as the general insurer has shown an improvement in performance.

It will be intriguing to note how market will react to this given the heavy negative publicity towards ADAG

Source: BusinessStandard

Wednesday, January 2, 2019

KPI Global (SME IPO) Details

January 02, 2019 0
KPI Global (SME IPO) Details
KPI Global (SME IPO) Details

Issue Open Jan 8, 2019 - Jan 11, 2019

Issue Type Fixed Price Issue IPO

Issue Size 4,992,000 Eq Shares of Rs 10

Face Value Rs 10 Per Equity Share

Issue Price Rs 80 Per Equity Share

Bid Lot        1600 Shares

Tuesday, January 1, 2019

KPI Global IPO (SME IPO) opens January 8

January 01, 2019 0
KPI Global IPO (SME IPO) opens January 8
The first SME IPO for 2019: KPI Global IPO would open for subscription from January 8, 2019. The IPO would remain open for subscription till January 11, 2019

K.P.I. Global Infrastructure Limited is a company engaged in solar power generation. The company provides solar power, both as an Independent Power Producer under the brand name of 'Solarism' and as a service provider to Captive Power Producer ("CPP") customers.

K.P.I Global builds, owns, operates and maintains grid-connected solar power projects as IPP. It generates revenue by entering into Power Purchase Agreements with third parties for selling power generated through its solar projects. It has entered into bilateral PPA's with reputed businesses such as Mafatlal Industries Limited, Best Paper Mills Private Limited and Meghmani Organics Limited.

Stay tuned for more on KPI Global Infrastructure SME IPO

Neogen Chemicals IPO subscription status on Day 2

QIB: 0.95x HNI: 1.12x Retail: 3.14x Overall: 2.08 times