Latest news with #RedHerringProspectus
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Business Standard
a day ago
- Business
- Business Standard
Travel Food Services IPO: Key dates, price band, GMP; all you need to know
Travel Food Services IPO: The Mumbai-based travel quick service restaurant (QSR) company Travel Food Services is set to launch its maiden public issue on Monday, July 7, 2025. Ahead of the opening, the bidding for anchor investors is scheduled to take place on Friday, July 4. Travel Food Services IPO aims to raise ₹2000 crore through an offer for sale (OFS) of 18.2 million equity shares. There is no fresh issue component. Kapur Family Trust is the promoter selling shareholder. The company has reserved not more than 50 per cent of the net offer for qualified institutional buyers, not less than 35 per cent for retail investors, and not less than 15 per cent for non-institutional investors. As investors await the subscription window to open, here are some key details from the Red Herring Prospectus (RHP): Travel Food Services IPO price band, lot size Travel Food Services shares will be offered at a price band of ₹1,045 to ₹1,100 per share. Accordingly, investors can bid for a minimum of one lot comprising 13 shares and in multiples thereof. The minimum investment required by a retail investor is ₹14,300 at the upper end price. A retail investor can bid for a maximum of 13 lots or 169 shares, amounting to ₹1,85,900. Travel Food Services IPO grey market premium (GMP) today The unlisted shares of Travel Food Services were trading flat at ₹1,100 per share in the grey market, according to sources tracking unofficial market activities. Thus, the grey market premium (GMP) for Travel Food Services IPO remains nil on Wednesday, July 2. Travel Food Services IPO allotment date, listing date The public offering will remain open for subscription until Wednesday, July 9, 2025. The basis of allotment is expected to be finalised on Thursday, July 10, 2025, with shares expected to be credited into demat accounts on Friday, July 11, 2025. Shares of Travel Food Services are scheduled to list on the BSE and NSE on Monday, July 14, 2025. Travel Food Services IPO registrar, lead manager MUFG Intime India, formerly Link Intime, is the registrar for the issue. Kotak Mahindra Capital Company, HSBC Securities and Capital Markets (India), ICICI Securities and Batlivala & Karani Securities are the book-running lead managers. Travel Food Services IPO objective As per the RHP, the company will not receive any proceeds from the offer, and all the offer proceeds will be received by the promoter selling shareholder after deduction of offer-related expenses. About Travel Food Services Travel Food Services operates a travel quick service restaurant (QSR) and lounge business across airports in India, Malaysia and Hong Kong. It offers quick service formats adapted for the travel environment, such as fast food, cafes, bakeries, food courts, and bars, mainly within airports as well as at select highway sites in order to serve travellers' demands for speed and convenience. The company also runs Travel QSR outlets at select highway sites in India. As of March 31, 2025, the company has 37 lounges across India, Malaysia and Hong Kong. Travel Food has presence across 14 airports in India, three airports in Malaysia and one airport in Hong Kong. In FY25, the company reported revenue from operations of ₹1,687.7 crore, up 20.8 per cent from ₹1,396.3 crore in FY24. The company's profit for the year rose 27.3 per cent to ₹379.6 crore in FY25 from ₹298.1 crore in FY24.
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Business Standard
2 days ago
- Business
- Business Standard
Globe Civil Projects IPO listing: Stock debuts at 28% premium on BSE
Globe Civil Projects, an integrated Engineering, Procurement, and Construction (EPC) company, made a positive debut on the stock exchanges on July 1, 2025, following the successful completion of its Initial Public Offering (IPO). On the BSE, Globe Civil Projects shares were listed at ₹91.1, translating to a premium of ₹20.1 or 28.31 per cent. Globe Civil Projects share price listed at ₹90 per share on the National Stock Exchange (NSE), reflecting a premium of ₹19 or 26.76 per cent above the issue price of ₹71 per share. The IPO listing was slightly below the grey market expectations, where shares of the company had been trading at ₹98, reflecting a premium of ₹27 or 38.03 per cent over the issue price. Globe Civil Projects IPO overview The ₹119 crore public offering of Globe Civil Projects, offered at a price band of ₹67–71 with a lot size of 211 shares, received bids for 1,00,94,60,714 shares against the 1,17,32,392 shares offered. This led to an oversubscription of 86.04 times by the end of the subscription period, according to data available on the BSE. Globe Civil Projects IPO witnessed the highest participation from the non-institutional investors (NIIs), who subscribed to 143.15 times the portion reserved for them. This was followed by the qualified institutional buyers (QIBs), who oversubscribed their category by 99.76 times, and retail investors at 53.72 times. The subscription window closed on June 26, and the share allotment was finalized on June 27. According to the Red Herring Prospectus (RHP), the company plans to utilise the IPO proceeds for working capital requirements, purchase of construction equipment, and machinery, along with other general corporate purposes. About Globe Civil Projects Globe Civil Projects is a leading EPC company based in New Delhi, with expertise in executing large-scale infrastructure projects. The company operates across 11 Indian states, including Uttar Pradesh, Maharashtra, Haryana, Gujarat, Andhra Pradesh, Karnataka, Rajasthan, Chhattisgarh, Uttarakhand, Himachal Pradesh, and Delhi. Globe Civil Projects is involved in the construction of transportation and logistics infrastructure, social and commercial projects, and non-infrastructure projects such as commercial offices and residential housing.
Business Standard
3 days ago
- Business
- Business Standard
Crizac IPO to open for bidding on July 2; here's all you need to know
Crizac IPO: The initial public offering (IPO) of the B2B education platform Crizac is scheduled to open for public subscription on Wednesday, July 2, 2025. Ahead of the opening, the bidding for anchor investors is scheduled to take place on July 1, 2025. Through this public offering, Crizac aims to raise ₹860 crore. As investors await the subscription window to open, here are some key details from the Red Herring Prospectus (RHP): Crizac IPO issue size The public issue is a book-built issue comprising an entirely offer for sale (OFS) of 35.1 million equity shares, aggregating up to ₹860 crore, from current promoters and shareholders. Among them, Pinky Agarwal and Manish Agarwal will sell shares worth ₹723 crore and ₹137 crore, respectively. Crizac has reserved not more than 50 per cent of the net offer for qualified institutional buyers (QIBs), not less than 35 per cent for retail investors, and not less than 15 per cent for non-institutional investors. Crizac IPO lot size, price band Crizac IPO will be offered at a price band of ₹233-245 per share with a lot of 61 shares. Accordingly, investors can bid for a minimum of 61 shares and in multiples thereof. The minimum investment required by a retail investor is ₹14,945. A retail investor can bid for a maximum of 13 lots or 793 shares, amounting to ₹1,94,285. Crizac IPO grey market premium (GMP) today The unlisted shares of Crizac were trading flat at ₹245 per share in the grey market, revealed sources tracking unofficial market activities. Thus, the grey market premium (GMP) for Crizac IPO remains nil on Monday, June 30. Crizac IPO allotment date, listing date The public offering will remain open for subscription until Friday, July 4, 2025. The basis of allotment is likely to be finalised on Monday, July 7, 2025, with shares expected to be credited into demat accounts on Tuesday, July 8, 2025. Shares of Crizac will be listed on the BSE and NSE tentatively on Wednesday, July 9, 2025. Check HDB Financial IPO Allotment Status Crizac IPO objective The company will not receive any proceeds from the offer for sale by selling shareholders. Crizac IPO registrar, lead manager MUFG Intime India, formerly Link Intime, is the registrar for the IPO. Equirus Capital and Anand Rathi Securities are the book-running lead managers. About Crizac Incorporated in 2011, Crizac is a business-to-business (B2B) educational platform aimed at agents and international higher education institutions, offering global student recruitment services to universities and colleges in the United Kingdom (UK), Canada, the Republic of Ireland, Australia, and New Zealand. In the financial year 2025 (FY25), Crizac reported a revenue of ₹849.49 crore, 33.8 per cent from 634.87 crore in the previous financial year. The net profit grew to ₹152.93 crore, up 28.6 per cent from ₹118.9 crore in the previous fiscal.
Business Standard
5 days ago
- Business
- Business Standard
Cedaar Textile Secures ₹9.52 Crore from Anchor Investors Ahead of IPO
VMPL Mumbai (Maharashtra) [India], June 28: Cedaar Textile Limited has successfully completed its anchor book allocation, raising ₹9.52 crore ahead of its upcoming Initial Public Offering (IPO). The anchor book received an enthusiastic response from marquee institutional investors, underscoring strong market confidence in the company's fundamentals and future outlook. A total of 6.8 lakh equity shares were allocated to esteemed anchor institutions at the upper end of the price band, ₹140 per share. Notable participants in the anchor round include: * Velcoe Opportunities Fund - 1,43,000 shares (₹2.00 crore) * SB Opportunities Fund II - 2,15,000 shares (₹3.01 crore) * Shine Star Build Cap Pvt. Ltd. - 1,43,000 shares (₹2.00 crore) * Saint Capital Fund - 1,79,000 shares (₹2.51 crore) The IPO of Cedaar Textile is scheduled to open on June 30, 2025, and will close on July 2, 2025. The company has set a price band of ₹130 to ₹140 per share, with an overall issue size aggregating up to ₹60.90 crore at the upper end. The minimum lot size for application is 1,000 shares. The successful anchor subscription is expected to bolster investor sentiment ahead of the public issue. Cedaar Textile, known for its expertise in the textile sector, plans to utilize the IPO proceeds to fuel its growth and expansion initiatives. Market participants are closely watching the IPO, given the strong institutional interest demonstrated in the anchor round. Investors are advised to carefully review the Red Herring Prospectus (RHP) filed with the NSE for detailed information, including financials and risk factors, before making investment decisions. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
The Hindu
6 days ago
- Business
- The Hindu
Home furnishing firm Wakefit files DRHP to raise ₹468 crore via fresh issue
Wakefit Innovations Limited, a D2C home and furnishings firm based in Bengaluru, has filed the draft red herring prospectus (DRHP) with the capital markets regulator SEBI to raise ₹468 crore through an initial public offering (IPO). According to the DRHP, the proposed IPO is a combination of a fresh issue of equity shares aggregating up to ₹468.2 crore and an offer for sale (OFS) of 5,83,99,085 equity shares (5.83 crore shares) by the selling shareholders. As part of the OFS, the promoters, Ankit Garg and Chaitanya Ramalingegowda and Other Selling Shareholders including Nitika Goel, Peak XV Partners Investments VI, Redwood Trust, Verlinvest S.A., SAI Global India Fund I LLP, Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund and Paramark KB Fund I will be offloading their shares. According to the filing, Wakefit proposes to utilise the net proceeds from the Fresh Issue towards funding of capital expenditure worth ₹82 crore for setting up of 117 new COCO – Regular Stores and one COCO – Jumbo Store; ₹15.4 crore towards capex for purchase of new equipment and machinery; ₹145 crore towards expenditure towards lease, sub-lease rent and license fee payments for existing stores; ₹108.4 crore towards marketing and advertisement expenses for enhancing the awareness and visibility of the brand and the remaining amount will be used for general corporate purposes. The company, in consultation with the BRLMs, may consider a Pre-IPO Placement aggregating up to ₹ 93.6 crore, before filing of the Red Herring Prospectus with the ROC. If the Pre- IPO Placement is undertaken, then the fresh issue will be reduced to the extent of such Pre-IPO placement, it informed. Wakefit, set up in 2016, reported revenue from operations of ₹ 986.3 crore in FY24. Axis Capital Limited, IIFL Capital Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers to the issue. The equity shares of the company are proposed to be listed on the BSE and the NSE.
