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Economic Times
07-07-2025
- Business
- Economic Times
Chemkart India IPO: Check GMP, price band and other details
Mumbai's Chemkart India, a B2B food and health ingredient distributor, is launching its IPO today. The company aims to raise Rs 80.08 crore. The IPO includes a fresh issue and an offer for sale. The issue closes on July 9, with BSE SME listing expected on July 14. Proceeds will fund expansion and debt repayment. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Chemkart India, a Mumbai-based B2B distributor of food and health ingredients, will open its IPO today, aiming to raise Rs 80.08 crore through a mix of fresh issue and offer for sale. The three-day issue will close on July 9, with shares expected to list on the BSE SME platform on July IPO comprises a fresh issue of 26 lakh shares aggregating up to Rs 64.48 crore and an offer for sale (OFS) of 6.29 lakh shares worth Rs 15.60 price band is fixed at Rs 236–248 per share, with a lot size of 600 shares. Ahead of the issue opening, the GMP is Rs 0 in the unlisted Horizon Capital Advisors is the lead manager to the issue, with Bigshare Services as registrar. Alacrity Securities is the market in 2015, Chemkart operates in the health and food ingredients segment, supplying amino acids, herbal extracts, vitamins, proteins, and sports nutrition components to supplement company also offers in-house services like grinding, blending, and packaging at its 28,000 sq. ft. facility in Bhiwandi, enhancing its control over quality and IPO proceeds will fund capital expenditure through investment in its wholly owned subsidiary, Easy Raw Materials, repay existing borrowings, and meet general corporate of FY25, Chemkart reported a 55% jump in revenue to Rs 205.46 crore and a 67% rise in profit after tax at Rs 24.26 crore. Its return on equity stands at 59%, with a healthy EBITDA margin of 16.12%.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
23-06-2025
- Business
- Economic Times
AJC Jewel Manufacturers IPO opens today: Check price band, GMP and other details
AJC Jewel Manufacturers is set to launch its IPO on June 23, aiming to raise up to Rs 15.39 crore through a fresh issue of shares. With a price band of Rs 90-95 per share, the IPO has already garnered anchor investor interest of Rs 4.30 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The initial public offering (IPO) of AJC Jewel Manufacturers will open for subscription on June 23 and will remain open till June 26. The company aims to raise up to Rs 15.39 crore through a completely fresh issue of 16.20 lakh IPO is being offered in the price band of Rs 90 to Rs 95 per share, with a minimum lot size of 1,200 shares. This translates to a retail investment of Rs 1,08,000 at the lower end and Rs 1,14,000 at the upper end of the price of the issue opening, the GMP is around Rs 9, which is about 9% premium over the issue investors have already committed Rs 4.30 crore in the pre-IPO placement, subscribing to 4.52 lakh shares. Allotment of shares is likely to be finalized on June 27, with listing expected on the BSE SME platform on July Horizon Capital Advisors is the lead manager for the issue, and Bigshare Services is the registrar. Rikhav Securities will act as the market in Malappuram, Kerala, AJC Jewel is engaged in designing and manufacturing gold jewellery, including bangles, rings, earrings, bracelets, and necklaces in both 22K and 18K company manufactures finished gold jewelry from raw bullion and consumables, offering a variety of designs for men, women, and children, and sells to dealers, showrooms, corporates, and small company sells through a network of dealers, showrooms, corporates, and retail AJC Jewel reported revenue of Rs 246.84 crore and net profit of Rs 3.32 crore for FY24. The company intends to use IPO proceeds for equipment purchase (Rs 2.63 crore), debt repayment (Rs 8.90 crore), and general corporate purposes.
India Today
15-05-2025
- Business
- India Today
Rs 87,000 profit on listing? This IPO's GMP suggests bonanza for investors
The initial public offering (IPO) of Virtual Galaxy Infotech is showing strong listing prospects, days before its listing date of May 19, market premium (GMP) of Virtual Galaxy Infotech is suggesting a possible profit of up to Rs 87,000 for investors who receive share grey market is currently quoting a premium of Rs 87 per share for the issue as of 10 am. Given the lot size of 1,000 equity shares, this points to expected listing gains of Rs 87, Galaxy Infotech IPO opened for subscription on Friday, May 9, 2025, and closed on Wednesday, May public issue was entirely a fresh share sale, with the company offering up to 65.7 lakh equity shares to raise Rs 93.29 crore. The shares were priced at Rs 142 Galaxy Infotech, set up in September 1997, is an IT services and consulting company based in Nagpur, Maharashtra. It provides software products and services across a wide range of industries. These include banking and finance, enterprise resource planning (ERP), e-government, web services, cloud computing, big data, internet of things (IoT), and system INTEREST FROM INVESTORSThe IPO received a strong response from all categories of investors as it was subscribed 231.45 times portion reserved for qualified institutional buyers (QIBs) was subscribed 129.72 times, while non-institutional investors (NIIs) bid for 590.27 times the shares on offer. The retail portion was also highly active, booked 134.03 investors were allowed to apply for just one lot, which meant 1,000 shares costing Rs 1.42 lakh. Non-retail investors had to apply for a minimum of two lots, totalling 2,000 shares or Rs 2.84 lakh. The company's shares will be listed on the NSE Emerge platform, which is meant for small and medium enterprises (SMEs).Before the IPO opened, Virtual Galaxy Infotech raised Rs 26.13 crore through an anchor round by allotting 18.40 lakh shares to anchor investors at Rs 142 per company's current market value stands at Rs 353 crore. For the financial year ended March 31, 2024, Virtual Galaxy Infotech reported a net profit of Rs 16.54 crore. Its total revenue for the same period was Rs 63.58 Horizon Capital Advisors acted as the book-running lead manager for the issue. Maashitla Securities served as the registrar, while Alacrity Securities is the market maker for the final allotment of shares is expected to be announced on Thursday, May 15. The listing of shares is likely to take place on Monday, May 19. advertisement
