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Mint
3 days ago
- Business
- Mint
Spunweb Nonwoven shares list with a stellar 57% premium on the NSE SME: Hits upper circuit thereafter
Spunweb Nonwoven shares listed with a stellar 57% premium on the NSE SME on Monday. The shares gained further to hit 5% upper circuit
Economic Times
15-07-2025
- Business
- Economic Times
Spunweb Nonwoven IPO: GMP robust at 26% on Day 2 of bidding. Check subscription status, other details
The shares of Spunweb Nonwoven, the initial public offering (IPO) of which opened on Monday, are trading at a healthy grey market premium (GMP) of 26% or Rs 25–30 in the unlisted market on the second day of the bidding process. ADVERTISEMENT This means that investors can expect the shares of Spunweb Nonwoven to list at a premium of about Rs 25–30 on the NSE SME platform. On the first day of the issue, the IPO garnered an overall subscription of 7.61 times, receiving 3,46,15,200 bids against the reserved 45,48,000 shares. The individual investors made 11,408 bids for 2,73,79,200 shares, while the non-institutional investors (NIIs) bid for 72.36 lakh shares of the company via 880 the end of Day 1, the qualified institutional buyers (QIBs) had not made any bids. ADVERTISEMENT Investors can apply for a minimum of 2,400 shares, amounting to Rs 2.30 lakh, making it suitable primarily for well-funded retail and HNI IPO proceeds will be used for working capital needs, investment in its subsidiary SIPL, and partial debt repayment. ADVERTISEMENT The book-built issue comprises a completely fresh offering of 63.52 lakh shares, targeting a fundraise of Rs 61 crore. The price band has been fixed at Rs 90 to Rs 96 per share. The offer is scheduled to close on July 16, with the stock set to be listed on the NSE SME in 2015 and headquartered in Rajkot, Gujarat, Spunweb produces nonwoven fabric used in sectors such as hygiene, medical, packaging, agriculture, and construction. On the financial front, the company reported strong performance in FY25, with revenue rising 47% and profit increasing by 98%, while EBITDA nearly doubled compared to the previous year. ADVERTISEMENT The IPO for Spunweb Nonwoven opened on July 14 and will close on July 16, with the share allotment likely to take place on July 17. The listing of Spunweb Nonwoven shares is tentatively scheduled for July 21. Also read: Smartworks Coworking Spaces IPO allotment. Check status, GMP and other details (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
14-07-2025
- Business
- Mint
Smarten Power Systems shares list with strong 44% premium at ₹144 on the NSE SME
Smarten Power Systems shares, on Monday, listed with a strong 44% premium at ₹ 144 on the NSE SME. The shares gained more post-listing. The Smarten Power Systems share, after listing at ₹ 144, gained further to intraday highs of ₹ 151.25. This meant more than 50% gains for the Smarten Power Systems shares compared to the IPO or offer price of ₹ 100. The investor had remained optimistic on the listing of the Smarten Power Systems shares, as was indicated by the subscription numbers and the Grey Market premium for the IPO. Smarten Power Systems IPO was subscribed 5.5 times by the end of day 3, the final day for the IPO. By 9 July 2025, the public offering was subscribed to 4.66 times by individual investors, [.] times by QIB, and 6.31 times by NII. In the Smarten Power Systems IPO, the grey market premium, or GMP, stood at ₹ 15 per share. This had indicated that the Smarten Power Systems shares were available in the grey market at ₹ 15 higher than the upper band of the issue price of ₹ 100. This also had indicated that the market participants were expecting the listing of Smarten Power Systems shares to be 15% above the issue price of ₹ 100 at ₹ 115 per share, as indicated by investor Certainly at ₹ 144, the listing of Smarten Power Systems shares was higher than the expected listing as indicated by the Grey Market premium. Smarten Power Systems Limited was founded in 2014 and creates and builds solar and power backup equipment, such as charge controllers, solar inverters, power conditioning units, and home UPS systems. It also sells solar panels and batteries.
Mint
14-07-2025
- Business
- Mint
Smarten Power Systems shares list with strong 44% premium at ₹144 on the NSE SME
Smarten Power Systems shares, on Monday, listed with a strong 44% premium at ₹ 144 on the NSE SME. The shares gained more post-listing. The Smarten Power Systems share, after listing at ₹ 144, gained further to intraday highs of ₹ 151.25. This meant more than 50% gains for the Smarten Power Systems shares compared to the IPO or offer price of ₹ 100.
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Business Standard
14-07-2025
- Business
- Business Standard
Solid debut! Smarten Power Systems lists at 44% premium, hits upper circuit
Smarten Power Systems IPO listing today: Shares of Smarten Power Systems made a solid debut on the NSE SME today, Monday, July 14, 2024, continuing their upward momentum to hit the upper circuit within minutes of listing. Smarten Power Systems shares were listed at ₹144 apiece, representing a 44 per cent premium over the issue price of ₹100 per share. After listing, the shares gained an additional 5 per cent, surging a total of 51.2 per cent from the issue price to reach the upper circuit of ₹151.20 on the NSE SME. During the session, nearly 3.22 million shares, valued at ₹47.04 crore, were traded before trading was halted. The Smarten Power Systems IPO listing outperformed grey market expectations. Prior to the debut, its unlisted shares were trading at around ₹115 in the grey market, indicating a grey market premium (GMP) of ₹15 or approximately 15 per cent over the issue price, according to sources tracking unofficial market activity. Smarten Power Systems IPO Details The Smarten Power Systems IPO comprised a fresh issue of 4 million equity shares aggregating to ₹40 crore and an Offer for Sale (OFS), with promoters Arun Bhardwaj, Rajnish Sharma, Ravi Dutt, and Tirath Singh Khaira divesting up to 1 million equity shares worth ₹10 crore. The public offering was available for subscription from Monday, July 7, to Wednesday, July 9, at ₹100 per share, with a lot size of 1,200 shares. The public issue received decent demand from investors, getting oversubscribed by 5.26 times by the end of the subscription period, as per NSE data. The basis of allotment for Smarten Power Systems IPO shares was finalised on Thursday, July 10. Smarten Power Systems will not receive any proceeds from the OFS. "Each of the selling shareholders will be entitled to their respective proportion of the proceeds from the Offer for Sale, after deducting their portion of the offer-related expenses and applicable taxes," the company stated in its Red Herring Prospectus (RHP). However, the company proposes to utilise the proceeds from the fresh issue for the purchase of movable assets for the production line of its battery manufacturing unit, repayment (in full or in part) of outstanding borrowings, and to meet working capital requirements. The company will also use the proceeds to fund capital expenditure requirements and for general corporate purposes. About Smarten Power Systems Smarten Power Systems is engaged in the design and assembly of power backup and advanced solar power products, such as home UPS systems, solar inverters, solar power conditioning units (PCUs), and solar charge controllers. The company is also involved in the trading of solar panels and batteries. Currently, it operates in 23 states and 2 union territories within India, and has established a global footprint in over 17 countries, including regions in the Middle East, Africa, and South Asia.
