Latest news with #RetailIndividual
&w=3840&q=100)
Business Standard
25-06-2025
- Business
- Business Standard
Ellenbarrie Industrial Gases IPO subscribed 31% on day two of bidding
The IPO received bids for 47,29,488 shares against 1,51,08,983 shares on offer, according to data available with the NSE Press Trust of India New Delhi The initial public offer of Ellenbarrie Industrial Gases Ltd garnered a 31 per cent subscription on day two of the share sale on Wednesday. The IPO received bids for 47,29,488 shares against 1,51,08,983 shares on offer, according to data available with the NSE. The category for non-institutional investors received 58 per cent subscription, while retail individual investors (RIIs) quota subscribed 37 per cent. Ellenbarrie Industrial Gases has raised Rs 256 crore from anchor investors. The Rs 852-crore IPO will conclude on Thursday. The price band has been fixed at Rs 380-400 per share for the issue. 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. Globe Civil Projects IPO Civil construction and infrastructure development company Globe Civil Projects' initial public offer received 15.26 times subscription on the second day of bidding. The Rs 119-crore IPO received bids for 17,90,07,336 shares against 1,17,32,392 shares on offer, as per NSE data. The portion for non-institutional investors garnered 21.31 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 16.72 times. The category for Qualified Institutional Buyers (QIBs) fetched 8.15 times subscription. The initial share sale of Globe Civil Projects was fully subscribed on the first day of bidding on Tuesday. The Initial Public Offer (IPO) of up to 1,67,60,560 equity shares has a price range of Rs 67-71 per share. Its shares will be listed on the BSE and NSE. 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. (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.)
The Wire
23-06-2025
- Business
- The Wire
PRO FX Tech Limited launches Rs 40.30 crore IPO
New Delhi [India], June 23: PRO FX Tech Limited, engaged in the business of retail and distribution of specialized AV products used for home theatres, custom theatres and home automation systems, has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO will open on June 26, 2025, and close on June 30, 2025, with a price band of ₹82 to ₹87 per equity share of face value ₹10 each. The issue comprises a fresh issue of 46,32,000 equity shares, aggregating to ₹40.30 crore at the upper price band. The issue is being managed by Hem Securities Limited. Cameo Corporate Services Limited is acting as the registrar to the issue. The minimum application lot is 1,600 equity shares. Allocation is as follows: • 21,95,200 shares for Qualified Institutional Buyers (QIB) • 6,59,200 shares for Non-Institutional Investors (NII) • 15,37,600 shares for Retail Individual Investors (RII) • 2,40,000 shares for Market Makers Utilization of Proceeds: • Expansion of business operations including working capital • General corporate purposes Company Overview Founded in 2006 and headquartered in Bangalore, PRO FX Tech Limited specializes in customized AV solutions for residential and commercial spaces. It operates through 6 showrooms, 2 experience centres, and 28 service centres across 5 cities. Highlights: • IPO opens on June 26, closes June 30 • With face value of ₹10 each, the price band is ₹82 to ₹87 per equity share • To support business expansion, working capital and general corporate purposes Financial Highlights (FY25): • Revenue: ₹129.38 crore • EBITDA: ₹17.06 crore (13.19%) • PAT: ₹12.24 crore (9.41%) • ROE: 39.71% • ROCE: 43.58% • Debt/Equity: 0.06 Leadership • Mr. Manmohan Ganesh, Managing Director • Mr. Appadurai Manuel Santhana Joekumar, CFO Investor and Media Contact: Corporate Communications – PRO FX Tech Limited PROFX Global Theatre, Ground Floor, 84, Barton Centre, MG Road, Bangalore – 560001 Email: info@ Website: Forward-Looking Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. PRO FX Tech Limited does not undertake to update these statements publicly. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
Time of India
23-06-2025
- Business
- Time of India
PRO FX Tech Limited launches Rs 40.30 crore IPO
PRO FX Tech Limited, engaged in the business of retail and distribution of specialized AV products used for home theatres, custom theatres and home automation systems, has announced the launch of its Initial Public Offering ( IPO ) on the NSE Emerge platform. The IPO will open on June 26, 2025, and close on June 30, 2025, with a price band of ₹82 to ₹87 per equity share of face value ₹10 each. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your IQ Is 140 If You Can Answer 10 Of These Questions Correctly IQ International Undo The issue comprises a fresh issue of 46,32,000 equity shares , aggregating to ₹40.30 crore at the upper price band. The issue is being managed by Hem Securities Limited. Cameo Corporate Services Limited is acting as the registrar to the issue. The minimum application lot is 1,600 equity shares. Allocation is as follows: 21,95,200 shares for Qualified Institutional Buyers (QIB) 6,59,200 shares for Non-Institutional Investors (NII) 15,37,600 shares for Retail Individual Investors (RII) 2,40,000 shares for Market Makers Utilization of Proceeds: Expansion of business operations including working capital General corporate purposes Company Overview Founded in 2006 and headquartered in Bangalore, PRO FX Tech Limited specializes in customized AV solutions for residential and commercial spaces. It operates through 6 showrooms, 2 experience centres, and 28 service centres across 5 cities. Highlights: IPO opens on June 26, closes June 30 With face value of ₹10 each, the price band is ₹82 to ₹87 per equity share To support business expansion, working capital and general corporate purposes Financial Highlights (FY25): Revenue: ₹129.38 crore EBITDA: ₹17.06 crore (13.19%) PAT: ₹12.24 crore (9.41%) ROE: 39.71% ROCE: 43.58% Debt/Equity: 0.06 Leadership Mr. Manmohan Ganesh, Managing Director Mr. Appadurai Manuel Santhana Joekumar, CFO Investor and Media Contact: Corporate Communications - PRO FX Tech Limited PROFX Global Theatre, Ground Floor, 84, Barton Centre, MG Road, Bangalore - 560001 Email: info@ Website: Forward-Looking Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. PRO FX Tech Limited does not undertake to update these statements publicly. Live Events
India Gazette
20-06-2025
- Business
- India Gazette
Shri Hare-Krishna Sponge Iron Limited launches 29.91 crore IPO
HT Syndication New Delhi [India], June 20: Shri Hare-Krishna Sponge Iron Limited, engaged in the manufacturing and sale of sponge iron, has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO will open on June 24, 2025, and close on June 26, 2025, with a price band of 56 to 59 per equity share of face value 10 each. The issue comprises a fresh issue of 50,70,000 equity shares, aggregating to 29.91 crore at the upper price band. The issue is being managed by Hem Securities Limited. KFin Technologies Limited is acting as the registrar to the issue. The minimum application lot is 2,000 equity shares. Allocation is as follows: - 24,02,000 shares for Qualified Institutional Buyers (QIB) - 7,24,000 shares for Non-Institutional Investors (NII) - 16,86,000 shares for Retail Individual Investors (RII) - 2,58,000 shares for Market Makers Utilization of Proceeds: - Funding of Capital Expenditure Requirements of our Company towards set up of Captive Power Plant at Siltara-Raipur: 2,300 Lakhs - General Corporate Purpose Company Overview Shri Hare-Krishna Sponge Iron Limited, incorporated in 2003 and based in Raipur, Chhattisgarh, operates in the sponge iron manufacturing segment. The company owns a manufacturing unit spread across 13.45 acres with an annual installed capacity of 30,000 metric tonnes. Sponge iron produced by the company is a key raw material for electric arc and induction furnace-based steel production. The company is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified. Financial Highlights (FY25): - Revenue: 80.47 crore- EBITDA: 10.78 crore (13.40%)- PAT: 9.20 crore (11.43%)- ROCE: ~15% Leadership - Mr. Manoj Parasrampuria, Chairman and Managing Director - Mr. Abhishek Parasrampuria, CFO Investor and Media Contact: Corporate Communications - Shri Hare-Krishna Sponge Iron LimitedFlat No. 2-D, 2nd Floor, Tower No. 1, Alcove Gloria, 403/1, Dakshindari Road, VIP Road, Sreebhumi, North 24 Parganas, Kolkata - 700048 - Email: cs@ - Website: Forward-Looking Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. Shri Hare-Krishna Sponge Iron Limited does not undertake to update these statements publicly. (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
Mint
20-06-2025
- Business
- Mint
Oswal Pumps Share Price Live: Stock makes a lukewarm debut, opens with 3.26% premium at ₹634 on NSE
Oswal Pumps Share Price Live: Oswal Pumps share price made a tepid debut on the bourses today. On NSE, Oswal Pumps share price opened at ₹ 634 per share, 3.26% higher than the issue price of ₹ 614. On BSE, Oswal Pumps share price today opened at ₹ 632 apiece, up 2.93% than the issue price. The initial public offering for shares began on June 13 and ended on June 17. Oswal Pumps IPO allotment was finalised on Wednesday, June 18. A notice on the BSE indicated the equity shares of Oswal Pumps Limited are available for trading on the Exchange as part of the 'B' Group of Securities. Oswal Pumps IPO price band was fixed in the range of ₹ 584 to ₹ 614 per equity share of the face value of Re 1. Oswal Pumps IPO lot size was 24 equity shares and in multiples of 24 equity shares thereafter. Oswal Pumps IPO subscription status was 34.42 times by the end of the bidding period. The allocation for Qualified Institutional Buyers (QIBs) saw a subscription rate of 88.08 times, while the non-institutional investors' category was subscribed 36.70 times. Retail Individual Investors (RIIs) experienced a subscription rate of 3.60 times. Half of the total issue size has been allocated for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional buyers. Oswal Pumps started its journey in 2003, initially producing low-speed monoblock pumps, and has since broadened its scope to include the production of grid-connected submersible pumps and electric motors. The company produces both solar-powered and grid-connected submersible and monoblock pumps, as well as electric motors, which include induction and submersible varieties, in addition to solar modules, all marketed under the 'Oswal' brand. Mahesh M. Ojha, AVP of Research and Business Development at Hensex Securities Pvt Ltd, recommends that investors adopt a medium to long-term holding strategy. Short-term investors who have entered solely for listing gains might think about partially realizing profits if the stock opens at or above ₹ 675; however, maintaining some exposure could be wise due to potential re-rating as clarity improves after the listing. Long-term investors may want to continue holding, especially considering the company's size, market share, and its alignment with India's renewable energy and agricultural infrastructure objectives. The solar pump sector presents consistent growth opportunities, and Oswal is strategically well-placed. Oswal Pumps secured ₹ 416.2 crore from anchor investors just one day prior to the commencement of its initial public offering for public subscription. Among the anchor investors are ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Aditya Birla Sun Life Mutual Fund, Quant Mutual Fund, Societe Generale, Edelweiss Life Insurance, BNP Paribas, the Paris-based asset management firm Amundi, and the financial services company Capital Group, as stated in a circular published on the BSE's website. According to the circular, Oswal Pumps allocated 67,78,533 equity shares to these anchor investors at a price of ₹ 614 per equity share, which corresponds to the upper limit of the pricing range. The lower limit of the IPO has been set at ₹ 584 per share. Oswal Pumps share price made a tepid debut on the bourses today. On NSE, Oswal Pumps share price opened at ₹ 634 per share, 3.26% higher than the issue price of ₹ 614. On BSE, Oswal Pumps share price today opened at ₹ 632 apiece, up 2.93% than the issue price. According to Mahesh AVP Research and Business development, Hensex Securities Pvt Ltd, the Oswal Pumps IPO has garnered strong investor interest across segments This is a clear indicator of positive market sentiment, bolstered by -a solid anchor book and credible domestic and global institutional participation. The listing is expected to be between 8-12% premium over the upper band of ₹ 614. Prashanth Tapse suggests that due to robust subscription demand and current market trends, Tapse expects Oswal Pumps to list with a gain of around 10–15%. The IPO was heavily oversubscribed, indicating strong confidence in the company's fundamentals and valuation. 'We consider Oswal Pumps to be an attractive long-term investment option, particularly in line with the government's ongoing focus on rural electrification and the advancement of solar-powered irrigation systems,' said Tapse. Oswal Pumps IPO GMP today is +41. This indicates Oswal Pumps share price was trading at a premium of ₹ 41 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Oswal Pumps share price is indicated at ₹ 655 apiece, which is 6.68% higher than the IPO price of ₹ 614. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The initial public offering (IPO) consists of a new issue of shares valued at ₹ 890 crore, along with an offer-for-sale (OFS) of 81 lakh shares worth ₹ 497.34 crore, at the highest end of the price range, by promoter Vivek Gupta. This brings the total size of the issue to ₹ 1,387.34 crore. Funds obtained from the new share issue will be allocated to several capital expenditures, investments in the wholly owned subsidiary Oswal Solar in the form of either debt or equity, the establishment of new manufacturing units in Karnal, Haryana, debt repayment, and other general corporate needs.
