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Business Standard
2 days ago
- Business
- Business Standard
Indiqube Spaces IPO ends with 12.47x subscription
The offer received bids for 21.27 crore shares as against 1.71 crore shares on offer. The initial public offer of Indiqube Spaces received bids for 21,27,45,960 shares as against 1,71,48,335 shares on offer. The issue was subscribed 12.47 times. The Qualified Institutional Buyers (QIBs) category was subscribed 14.35 times. The Retail Individual Investors (RIIs) category was subscribed 12.90 times. The Non-Institutional Investors (NIIs) category was subscribed 8.27 times. The issue opened for bidding on 23 July 2025 and it closed on 25 July 2025. The price band of the IPO is fixed between Rs 225 and 237 per share. The issue comprised both an issue of fresh equity aggregating to Rs 650 crore and an offer for sale aggregating to Rs 50 crore. Of the net proceeds from the fresh issue, Rs 462.649 crore will be used for funding capital expenditure towards the establishment of new centers; Rs 93.035 crore towards repayment/prepayment/redemption, in full or in part, of certain borrowings availed by the company; and the balance for general corporate purposes. Total outstanding borrowings as of May 31, 2025, were Rs 332.079 crore on a consolidated basis. IndiQube Spaces is a managed workspace solutions provider offering tech-driven, sustainable office spaces. As of March 31, 2025, the company operated 115 centers across 15 cities with a total portfolio of 8.40 million sq. ft. and a seating capacity of 1.86 lakh. It has a strong presence in Bengaluru and Chennai, comprising over 79% of its total area under management. IndiQube primarily caters to enterprise clients, including Global Capability Centers, and maintains high occupancy and long lease tenures. The company earns revenue through workspace leasing and value-added services like F&B and IT support. Ahead of the IPO, Indiqube Spaces on 22 July 2025 raised Rs 314.32 crore from anchor investors. The board allotted 1.36 crore shares at Rs 237 each to 29 anchor investors. The firm reported a consolidated net loss of Rs 139.62 crore and sales of Rs 1,059.29 crore for the twelve months ended on 31 March 2025.
News18
5 days ago
- Business
- News18
GNG Electronics IPO subscribed whopping 146.90 times
Last Updated: New Delhi, Jul 25 (PTI) GNG Electronics' initial public offering received a whopping 146.90 times subscription on the closing day of share sale on Friday, mirroring a strong participation from institutional buyers. The Rs 460.43-crore IPO fetched bids for 2,08,43,32,446 shares against 1,41,88,644 shares on offer, as per NSE data. The Qualified Institutional Buyers (QIBs) category received a huge 266.21 times subscription while the quota for non-institutional investors attracted 226.45 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 45.32 times. GNG Electronics on Tuesday raised Rs 138 crore from anchor investors. The initial public offering (IPO) has a price band of Rs 225-237 per share. At the upper end of the price band, the company's market valuation is over Rs 2,700 crore. The IPO is a combination of a fresh issue of equity shares aggregating to Rs 400 crore and an offer for sale (OFS) of 25.5 lakh equity shares by promoters worth Rs 60.43 crore at the upper end of the price band. This takes the total issue size to Rs 460.43 crore. Proceeds of the fresh issue will be utilised for debt payment, funding working capital requirements and for general corporate purposes. GNG Electronics is one of the leading refurbishers of laptops and desktops with a significant presence across India, the US, Europe, Africa, and the UAE. The company operates under the brand 'Electronics Bazaar', with presence across the full refurbishment value chain from sourcing to refurbishment to sales, after-sale services and providing warranty. Motilal Oswal Investment Advisors, IIFL Capital Services and JM Financial are the book-running lead managers to the issue. PTI SUM SUM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 25, 2025, 18:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
14-07-2025
- Business
- Business Standard
Anthem Biosciences IPO subscribed 73 pc on Day 1 of offer
The initial share sale received bids for 3,21,13,406 shares against 4,40,70,682 shares on offer, according to NSE data Press Trust of India New Delhi The initial public offer of Anthem Biosciences Ltd got subscribed 73 per cent on the first day of share sale on Monday. The initial share sale received bids for 3,21,13,406 shares against 4,40,70,682 shares on offer, according to NSE data. Non-institutional Investors category garnered 1.55 times subscription, while the quota for Retail Individual Investors (RIIs) got subscribed 58 per cent. The portion for Qualified Institutional Buyers (QIBs) received 37 per cent subscription. Anthem Biosciences has raised Rs 1,016 crore from anchor investors. The Rs 3,395-crore IPO of the Bengaluru-based firm will close on July 16. The price band has been fixed at Rs 540-570 per share. Since the IPO is entirely an offer-for-sale (OFS), the company will not receive any funds from the issue, and the proceeds will go to the selling shareholders. Anthem is into innovation-driven and technology-focused Contract Research, Development and Manufacturing Organization (CRDMO) with fully integrated operations spanning across drug discovery, development and manufacturing. It also manufactures and sells complex, specialised fermentation-based Active Pharmaceutical Ingredients (APIs), including probiotics, enzymes, peptides, nutritional actives, vitamin analogues and biosimilars. JM Financial, Citigroup Global Markets India, J P Morgan India, and Nomura Financial Advisory and Securities (India) are the book-running lead managers for the issue. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
07-07-2025
- Business
- Business Standard
Crizac IPO ends with 59.82x subscription
The offer received bids for 154.56 crore shares as against 2.58 crore shares on offer. The initial public offer of Crizac received bids for 1,54,56,80,464 shares as against 2,58,36,909 shares on offer. The issue was subscribed 59.82 times. The Qualified Institutional Buyers (QIBs) category was subscribed 134.35 times. The Non-Institutional Investors (NIIs) category was subscribed 76.15 times. The Retail Individual Investors (RIIs) category was subscribed 10.24 times. The issue opened for bidding on 2 July 2025 and closed on 4 July 2025. The price band of the IPO was set between Rs 233 and 245 per share. An investor can bid for a minimum of 61 equity shares and in multiples thereof. The IPO was solely an offer for sale of 3,51,02,041 equity shares at the upper price band. Promoter Pinky Agarwal sold shares worth Rs 723 crore, while Manish Agarwal sold sell shares worth Rs 137 crore through the offer. Incorporated in 2011, Crizac is a B2B education platform that offers international student recruitment solutions to higher education institutions around the world. These institutions are located in the UK, Canada, Ireland, Australia, and New Zealand. The company works with over 10,000 registered agents and has processed more than 7.11 lakh student applications across over 75 countries, partnering with 173 global institutions. Crizac has a presence in Cameroon, China, Ghana, and Kenya. As of March 31, 2025, it has a team of 368 employees and 12 consultants. It operates two foreign subsidiaries, including Crizac UK, which was fully acquired in November 2023. Ahead of the IPO, Crizac on Tuesday, 1 July 2025, raised Rs 10 crore from anchor investors. The board allotted 4.08 lakh shares at Rs 245 each to 19 anchor investors. The firm reported a consolidated net profit of Rs 152.93 crore and sales of Rs 849.49 crore for the twelve months ended on 31 March 2024.
News18
27-06-2025
- Business
- News18
Ellenbarrie Industrial Gases IPO Allotment Today: A Step-By-Step Guide To Check Status Online, Know Latest GMP
The GMP of the Ellenbarrie Industrial Gases IPO currently stands at 10.25%, indicating decent listing gains. Ellenbarrie Industrial Gases IPO Allotment Status, GMP: The initial public offering (IPO) of Ellenbarrie Industrial Gases Ltd has been closed, and the investors are now awaiting its allotment, which is expected to be finalised today, Friday, June 27. Investors will start receiving bank debit messages once the application is approved. They can also check the allotment status on the websites of the BSE, the National Stock Exchange (NSE), and registrar Kfin Technologies. The Ellenbarrie Industrial Gases IPO allotment will take place on today, June 27, most probably in the evening. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Ellenbarrie Industrial Gases Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. You can also visit directly on the registrar Kfin Technologies' portal — and check the Ellenbarrie Industrial Gases IPO allotment status. According to market observers, the GMP of the IPO currently stands at 10.25%, indicating decent listing gains. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Ellenbarrie Industrial Gases IPO Allotment Date & Listing Date The allotment is expected to be finalised today, Friday, June 27. Its listing is scheduled to take place on July 1 on both BSE and NSE. Ellenbarrie Industrial Gases IPO: More Info The Rs 852-crore initial public offer of Ellenbarrie Industrial Gases Ltd was open for public subscription between June 24 and June 26. It received a 22.19 times subscription on the last day of bidding on Thursday. The three-day IPO received bids for 33,52,79,311 shares, as against 1,51,08,983 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) quota received 64.23 times subscription, while the category for non-institutional investors got subscribed 15.21 times. The portion for Retail Individual Investors (RIIs) fetched 2.14 times subscription. Ellenbarrie Industrial Gases has raised Rs 256 crore from anchor investors. The Rs 852-crore IPO has a price band of Rs 380-400 per share. The initial public offer (IPO) is a combination of a fresh issue of shares worth Rs 400 crore and an offer-for-sale (OFS) of 1.13 crore shares valued at Rs 452.53 crore at the upper-end of the price band by promoters – Padam Kumar Agarwala and Varun Agarwal. This aggregates the issue size to Rs 852.53 crore. Proceeds from the fresh issue to the extent of Rs 210 crore will be used for payment of debt, Rs 104.50 crore to set up an air separation unit at its Uluberia-II plant in West Bengal, and a portion will be used for general corporate purposes. Ellenbarrie manufactures and supplies industrial gases, dry ice, synthetic air, fire-fighting gases, medical oxygen, liquid petroleum gas, welding mixtures, and speciality gases catering to a wide range of industries. The shares will be listed on the BSE and NSE. Motilal Oswal Investment Advisors, IIFL Capital Services, and JM Financial are the book running lead managers to the issue. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 27, 2025, 11:18 IST News business » ipo Ellenbarrie Industrial Gases IPO Allotment Today: A Step-By-Step Guide To Check Status Online, Know Latest GMP
