Latest news with #PurvaSharegistryIndia
Mint
18 hours ago
- Business
- Mint
Sellowrap Industries IPO allotment expected today: Here's how to check status
Sellowrap Industries IPO allotment in focus: The allotment for Sellowrap Industries is expected to be finalized today, July 30. Investors can check their allotment status through the registrar, Purva Sharegistry India, or the NSE website. The IPO, which was open for bidding from July 25 to July 29, saw a robust response from investors, being subscribed 65 times. Specifically, the non-institutional investor (NII) segment was oversubscribed 187 times, while the retail portion was oversubscribed 68 times and the QIB was booked at 18 times. The IPO price was set at ₹ 83 per share. Given the high level of retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment can expect the refund process to start on July 11, 2025. Step 02: Choose IPO Name 'Sellowrap Industries' from the drop-down menu bar. Step 03: Pick one of all three options to check the status: Application No., Demat Account, or PAN. Step 04: Click on the 'Search' button. Step 05: Your Sellowrap Industries IPO allotment status will be displayed on the screen (desktop/mobile). Step 2: Log in with your credentials. Step 3: Select Sellowrap Industries, enter your PAN details and application number, and click 'Submit.' Sellowrap Industries Limited is a manufacturing company, headquartered in Mumbai, specializing in the production of customized components for the automotive, non-automotive, and white goods industries. Operating in the B2B sector, we offer both adhesive and non-adhesive processed components, delivering solutions that emphasize quality, cost-efficiency, and maximum customer value. The company has been serving major Original Equipment Manufacturers (OEMs) in India and abroad by manufacturing components from a wide range of foam and plastic grades. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
08-07-2025
- Business
- Mint
Happy Square Outsourcing Services IPO Allotment Today: Here's how to check status and latest GMP
Happy Square Outsourcing Services IPO allotment: The allotment status for Happy Square Outsourcing Services SME initial public offering (IPO) has been finalised today, Tuesday, July 8, after the issue witnessed healthy participation across investor segments. Investors who participated in Happy Square's IPO can now verify their allotment status via the registrar, Purva Sharegistry India, or by visiting the NSE website. As per the timeline laid out in the IPO prospectus, equity shares will be credited to the demat accounts of successful bidders on Wednesday, July 9. For applicants who did not receive allotment, refund initiation will also take place on the same day. The company is scheduled to list its shares on the NSE SME platform on Thursday, July 10, 2025. Applicants can verify their allotment status by visiting the official website of Purva Sharegistry India. To check the allotment status of Happy Square Outsourcing Services' IPO, investors need to select the issue name from the dropdown menu and provide one of the following: PAN, application number, or DP/Client ID. After entering the required details along with the captcha code, the allotment information will be shown on the screen. As an alternative, applicants can also visit the NSE website and head to the 'Equity' section under the 'Status of Issue Application' page to access their allotment status. Happy Square IPO, which opened for subscription between July 3 and July 7, is looking to raise ₹ 24.25 crore. The IPO was priced at ₹ 76 per share and consisted solely of a fresh issue of 31.90 lakh equity shares, with no offer-for-sale (OFS) component. For retail investors, the application lot size was set at 1,600 shares, requiring a minimum investment of ₹ 2,30,400 for two lots (3,200 shares). For high net-worth individuals (HNIs), the minimum investment stood at ₹ 3,64,800 for three lots, totaling 4,800 shares. The public issue saw strong demand, getting subscribed 3.58 times overall. Investors placed bids for 72.84 lakh shares compared to the 20.33 lakh shares available. The quota for retail investors was subscribed 2.12 times, while non-institutional investors (NIIs) bid 2.24 times their share. The qualified institutional buyers (QIB) category witnessed the highest interest, with a subscription of 7.16 times. Happy Square Outsourcing plans to use the net proceeds from its IPO primarily to meet working capital needs and for general corporate purposes. Ahead of the public offering, the company successfully raised ₹ 6.60 crore from anchor investors on July 2. Corpwis Advisors Private Limited is acting as the book-running lead manager for the IPO, while Giriraj Stock Broking Private Limited is serving as the market maker for the issue. Incorporated in April 2017, Happy Square Outsourcing Services is a tech-driven human resource outsourcing company offering end-to-end HR solutions. The company focuses on key areas such as recruitment, payroll management, employee onboarding, and flexible staffing. Leveraging a vast talent pool and technology-based platforms, Happy Square caters to the workforce needs of businesses in both India and the United States. By functioning as a third-party provider, it delivers comprehensive staffing and HR management services, underpinned by a strong network and robust recruitment capabilities to source and manage qualified candidates efficiently. The company was commanding a grey market premium (GMP) of ₹ 5 per share. This indicated a listing prospect at ₹ 81, a premium of 6.58 percent versus issue price.
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Business Standard
23-06-2025
- Business
- Business Standard
Patil Automation shares list at 29% premium, outperform IPO GMP forecasts
Patil Automation IPO listing today: Shares of welding and line automation solutions provider Patil Automation made a positive D-Street debut on June 23, following the completion of its initial public offering (IPO). Patil Automation shares listed at ₹155 per share on the NSE SME, reflecting a premium of ₹35 or 29.17 per cent over the issue price of ₹120 per share. With this listing, the investors who were allotted the company's shares during the IPO made a profit of ₹35 per share or ₹42,000 per lot (1,200 shares). Patil Automation IPO listing outperformed the the grey market estimates. Ahead of their market debut, the unlisted shares of Patil Automation were quoted trading at ₹151 per share, reflecting a grey market premium (GMP) of 25.83 per cent over the issue price. Patil Automation IPO Patil Automation IPO, valued at around ₹69.61 crore, comprises entirely a fresh issue of 5.80 million shares with no offer for sale (OFS) component. The issue was available from 16 June till 18 June, with a price band of ₹114–120 apiece and a lot size of 1,200 shares. Patil Automation IPO received an overwhelming response from investors, getting oversubscribed by 101.4 times. The company set the issue price at ₹120 per share. Patil Automation will utilise the proceeds from the public offering for funding capital expenditure towards setting up a new manufacturing facility and repayment of a portion of certain borrowings availed by the company. The company will also use the proceeds for general corporate purposes. Purva Sharegistry India serves as the registrar for the public issue of Patil Automation, while Seren Capital acted as the sole book-running lead manager. About Patil Automation Established in 2015, Patil Automation specialises in welding and line automation solutions. The company has five operational facilities across India, including two in Pune, and offers comprehensive automation services. Patil Automation designs, manufactures, and installs customised automation systems, including robotic welding, assembly lines, and special-purpose machinery. The company's product portfolio includes robotic welding systems, spot welding systems, and automated assembly lines.
