Latest news with #NII
News18
18 hours ago
- Business
- News18
Vandan Foods IPO GMP Today: Issues Subscribed 1.47x So Far, Closes Today
Last Updated: The grey market premium or GMP of the Vandan Foods IPO has declined to zero, indicating flat or negative listing. Check its subscription status on the final day of bidding today. Vandan Foods IPO GMP Today: The initial public offering of Vandan Foods is going to be closed today, Wednesday, July 2. The BSE SME IPO aims to raise Rs 30.36 crore, to be used for debt repayment, capex and other corporate expenditures. Till 12:59 pm on the final day of bidding on Wednesday, the issue received a 1.47 times subscription, garnering bids for 36,76,800 shares as against the 25,08,001 shares on offer. The retail and NII participation stood at 2.57x and 0.37x, respectively. Vandan Foods, founded in 2015, manufactures refined castor oil and castor oil cake, operating in both B2B and B2C models with a supply footprint across multiple Indian states. Vandan Foods IPO GMP Today According to market observers, the grey market premium of the Vandan Foods IPO has declined to zero, indicating flat or negative listing. The GMP was recorded at 21.74% on the previous day on Tuesday. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The basis of allotment of the Vandan Foods IPO will be finalised on July 3. Its stock market listing will take place on July 7, on the BSE's SME platform. The price of the IPO has been fixed at Rs 115 apiece. Its minimum lot size is 1,200. It means investors will have to apply for a minimum of 1,200 shares or in multiple thereof. Retail investors require a minimum capital of Rs 1,38,000 to apply for the IPO. The IPO, which is a fixed price of Rs 30.36 crore, is entirely a fresh issue of 26.40 lakh shares. Its IPO price is fixed at Rs 115 per share. The minimum lot size for an application is 1,200. Nirbhay Capital Services Private Limited is the book-running lead manager of the Vandan Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the market maker for Vandan Foods IPO is Aftertrade Broking Pvt Ltd. Its revenue and net profit for the nine months ended December 2024 stood at Rs 72.66 crore and 4.54 crore, respectively.
News18
2 days ago
- Business
- News18
Global Civil Projects Shares List At 28% Premium Over IPO Price; Time To Book Profits?
Last Updated: The IPO was open for public subscription between June 24 and June 26. The Rs 119-crore IPO received an 80.97 times subscription. Global Civil Projects Share Price: Global Civil Projects shares on Tuesday made a stellar debut with a premium of 28 per cent. The stocks listed on the BSE at Rs 91.10, above the issue price of Rs 71 per share. On the NSE, the stocks were listed at Rs 90 per share. The IPO was open for public subscription between June 24 and June 26. The Rs 119-crore IPO received an 80.97 times subscription, garnering bids for 94,99,76,860 shares as against the 1,17,32,392 shares on offer. The retail and NII participation stood at 53.67 times and 143.14 times, respectively. Its qualified institutional buyer (QIB) category got an 82.13 times subscription. The IPO price was fixed at Rs 71 per share. The company's IPO is entirely a fresh issue of equity shares worth Rs 119 crore with no offer for sale (OFS) component. It proposes to utilise funds for working capital requirements, capex, and general corporate purposes. The quota for non-institutional investors garnered 8.16 times subscription, and the category for qualified institutional buyers (QIBs) subscribed 8.06 times. The portion for retail individual investors (RIIs) received 5.82 times the subscription. Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery and the remaining funds will be used for general corporate purposes and issue expenses, according to a company statement. ' Investors were attracted by the company's solid track record of project execution, strong return ratios, and healthy profit margins. Despite the strong demand, the valuation is still considered reasonable. Overall, the strong subscription numbers and market interest suggest that the stock could is seeing good momentum on listing day, making it a promising option for both short-term gains and long-term investment in the infrastructure sector," Goel said. First Published:
News18
2 days ago
- Business
- News18
Indogulf Cropsciences IPO Allotment Today: Listing Price Estimate & How To Check Status Online
Last Updated: Indogulf CropSciences Limited IPO saw 25.98 times subscription. Retail and NII participation were 14.97 and 49.06 times. Shares list on BSE and NSE on July 3. Indogulf Cropsciences IPO Allotment Today: Indogulf Cropsciences IPO saw a high interest among investors during the three-day subscription window like other currently closed IPOs. In total, 1,33,65,710 shares were offered, and 34,72,66,305 shares were bid for, resulting in an overall subscription of 25.98 times. The retail and NII participation stood at 14.97 times and 49.06 times, respectively. Its qualified institutional buyer (QIB) category got a 31.73 times subscription. The IPO is a fresh issue of Rs 160 crore and an offer for sale (OFS) of Rs 40 crore. Indogulf Cropsciences IPO Listing Price Prediction According to market observers, the GMP of the Indogulf Cropsciences IPO is 10.83 per cent. With the current GMP of around Rs 12, shares are estimated to be listed on exchanges around Rs 123. Indogulf Cropsciences IPO's shares will be listed on both BSE and NSE on July 3. How To Check Indogulf Cropsciences IPO Allotment Status Online: Here's a simple step-by-step guide to check the Indogulf Cropsciences IPO allotment status online via BSE and Registrar's website: Check via BSE (Bombay Stock Exchange) Visit the BSE IPO allotment page: Tick the 'I'm not a robot" checkbox. (Registrar is responsible for processing IPO applications) Visit the website of Registrar to the Issue (Registrar for Indogulf Cropsciences is: Bigshare Services Pvt Ltd) On the IPO status page: Select Indogulf Cropsciences Limited Enter one of the following: Application Number, or DP ID / Client ID, or PAN Number Click on Search / Submit to check your allotment result.
Mint
6 days ago
- Business
- Mint
Crizac IPO: Price band set at ₹233-245 per share; check issue details, key dates, more
Crizac IPO price band has been fixed in the range of ₹ 233 to ₹ 245 per equity share of the face value of ₹ 2. The Crizac IPO date of subscription is scheduled for Wednesday, July 2, and will close on Friday, July 4. The allocation to anchor investors for the Crizac IPO is scheduled to take place on Tuesday, July 1. The floor price is 116.50 times the face value of the equity shares and the cap price 122.50 times the face value of the equity shares. The Crizac IPO lot size is 61 equity shares and in multiples of 61 equity shares thereafter. Crizac IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Crizac IPO basis of allotment of shares will be finalised on Monday, July 7 and the company will initiate refunds on Tuesday, July 8 while the shares will be credited to the demat account of allottees on the same day following refund. Crizac share price is likely to be listed on BSE and NSE on Wednesday, July 9. The company's listed peers are Indiamart Intermesh Ltd (with a P/E of 27.18), and IDP Education Ltd (with a P/E of 7.86). Crizac is a business-to-business educational platform aimed at agents and international higher education institutions, offering global student recruitment services to universities and colleges in the UK, Canada, the Republic of Ireland, Australia, and New Zealand (ANZ). In the financial year 2025, Crizac achieved a revenue of ₹ 849.49 crore, an increase from ₹ 634.87 crore in the prior year. The net profit grew to ₹ 152.93 crore, up from ₹ 118.90 crore the previous year. The IPO consists of a complete offer for sale (OFS) valued at ₹ 860 crore from current promoters and shareholders. Among them, Pinky Agarwal and Manish Agarwal will sell shares worth ₹ 723 crore and ₹ 137 crore, respectively. Equirus Capital Private Limited and Anand Rathi Securities Limited are serving as the book running lead managers for the Crizac IPO, while MUFG Intime India Private Limited (Link Intime) is responsible for the issue's registration.
News18
7 days ago
- Business
- News18
Kalpataru IPO Closes Today: Should You Apply? Check Latest GMP, Subscription Status
Last Updated: According to market observers, the GMP of the IPO currently stands at 0.72%, indicating flat or negative listing. Kalpataru IPO: The initial public offering (IPO) of real estate developer Kalpataru Ltd is going to be closed today, Thursday, June 26. The issue has received a muted response amid subdued GMP. Till 10:09 am on the final day of bidding on Thursday, the Rs 1,590-crore IPO received a 0.40 times subscription, garnering bids for 84,86,532 shares as against the 2,13,34,828 shares on offer. The retail and NII participation stood at 0.84 times and 0.53 times, respectively. Its qualified institutional buyer (QIB) category got a 0.18 times subscription. Kalpataru IPO Lot Size & Price Investors need to apply for a minimum of 36 shares or in multiple of that thereof. The price band of the IPO is in the range of Rs 387 to Rs 414 per share. Based on that, the minimum investment required to apply for the IPO is Rs 14,904. Kalpataru IPO Key Dates The IPO was opened on June 24 and will be closed on June 26. Its allotment will be finalised on June 27, while listing will take place on both BSE and NSE on July 1. Kalpataru IPO GMP Today According to market observers, the GMP of the IPO currently stands at 0.72%, indicating flat or negative listing. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The company's IPO is entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer for sale (OFS) component. It proposes to utilise funds for the payment of debt and general corporate purposes. Kalpataru Ltd raised Rs 708 crore from anchor investors a day ahead of the launch of its IPO for public subscription. Retail Individual Investors (RIIs) part got subscribed 72 per cent, while the non-institutional investors category received 45 per cent subscription. The quota for Qualified Institutional Buyers (QIBs) fetched 17 per cent subscription. About Kalpataru Ltd Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also in the redevelopment of societies. Kalpataru is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR) in Maharashtra. As per the latest red herring prospectus, the company sold properties worth Rs 2,727.24 crore during April-December of the last fiscal on strong demand for housing and commercial assets. The company sold properties worth Rs 3,201.98 crore in FY 2023-24.
