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Business Standard
a day ago
- Business
- Business Standard
Chemkart India IPO opens on July 7: Check price band, GMP, key dates, more
Chemkart India IPO: The initial public offering (IPO) of food and health ingredients distributor Chemkart India will open for subscription on Monday, July 7, 2025. The Mumbai-based company aims to raise ₹80.08 crore through a fresh issue of 2.6 million equity shares and an offer for sale (OFS) of 0.62 million shares. The company has reserved around 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs). Here are the key details of Chemkart India IPO: Chemkart India IPO price band, lot size Chemkart India has set the price band for its IPO in the range of ₹236 to ₹248 per equity share. The minimum lot size for an application is 600 shares. A retail investor would require a minimum investment amount of ₹2,97,000 to bid for at least two lots at the upper end price. The minimum investment required for high net-worth individuals (HNIs) is ₹4,46,400 for three lots. Chemkart India IPO key dates According to the RHP, the three-day subscription window will tentatively close on Wednesday, July 7, 2025. The basis of the allotment of shares is likely to be finalised on or before Thursday, July 10, 2025. Shares of Chemkart India will be listed on the BSE SME platform, tentatively on Monday, July 14, 2025. Chemkart India IPO registrar, lead manager Bigshare Services is the registrar of the issue. Smart Horizon Capital Advisors is the sole book-running lead manager. Chemkart India IPO objective According to the red herring prospectus (RHP), the company plans to use the net fresh issue proceeds for setting up a manufacturing facility through investment in the wholly-owned subsidiary, Easy Raw Materials, and repayment of certain borrowings. The remaining funds will be used for general corporate purposes. Chemkart India IPO GMP The unlisted shares of Chemkart India were trading flat at ₹248, the upper price band as of 3 PM on Friday, according to sources tracking unofficial market activities. About Chemkart India Incorporated in 2020, Mumbai-based Chemkart India provides nutritional, health and sports supplement products. It offers products across mainly seven product categories, including Amino Acids, Health Supplement, Herbal Extract, Nucleotide, Protein, Sports Nutrition, and Vitamin.
Economic Times
4 days ago
- Business
- Economic Times
AJC Jewel IPO shares to list today. GMP suggests moderate premium on debut
Kerala-based AJC Jewel Manufacturers is set to debut on the BSE SME platform today after successfully completing its Rs 15.39 crore IPO. Market analysts suggest a grey market premium (GMP) of Rs 4 ahead of its listing, indicating mild positive sentiment around the stock in the unofficial market. ADVERTISEMENT The book-built issue was open from June 23 to June 26, and saw healthy interest across investor categories, with the allotment completed on June 27. The IPO was priced at Rs 95 per share. The IPO comprised a fresh issue of 16.20 lakh shares, with no offer-for-sale component. Post-issue, the total share capital stands at 59.84 lakh shares, translating to a market capitalization of around Rs 56.85 crore at the issue price. The issue was managed by Smart Horizon Capital Advisors, with Bigshare Services acting as the registrar, and Rikhav Securities serving as market in 2018, AJC Jewel Manufacturers is involved in crafting a wide variety of gold jewelry including bangles, rings, earrings, and necklaces for men, women, and Malappuram-based 21,780 sq ft facility is fully equipped with advanced machinery such as 3D printers and casting machines, enabling a fully integrated design-to-delivery manufacturing flow. ADVERTISEMENT The company plans to use the IPO proceeds to fund capital expenditure for new equipment (Rs 2.63 crore), repay or prepay existing borrowings (Rs 8.9 crore), and for general corporate the company posted Rs 246.84 crore in revenue for FY24 with a PAT of Rs 3.32 crore. ADVERTISEMENT While the GMP suggests modest listing gains, market watchers caution that actual performance on debut will depend on broader market sentiment and retail interest. (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)
Economic Times
16-06-2025
- Business
- Economic Times
Samay Project Services IPO opens for subscription: Here's what you need to know
The initial public offering (IPO) of Samay Project Services opens for subscription on June 16 and will close on June 18. The company plans to raise Rs 14.69 crore through a fresh issue of 43.2 lakh equity shares, with no offer for sale component. ADVERTISEMENT The price band is fixed at Rs 32–34 per share, with investors required to bid for a minimum of 4,000 shares per lot, amounting to Rs 1.36 lakh at the upper end of the band. The issue is being managed by Smart Horizon Capital Advisors, with Bigshare Services acting as the registrar. Shares are expected to be listed on NSE SME on June 23. Ahead of the IPO, the company raised Rs 2.72 crore from anchor investors on June 13, by allocating 8 lakh shares. Of this, 50% will remain locked in for 30 days, while the rest will be subject to a 90-day Project Services, incorporated in 2001, is an Engineering, Procurement and Construction (EPC) firm catering to the design, supply, and commissioning of balance of plant (BoP) systems. Its services span a wide array of industrial infrastructure segments including fire protection systems, piping, tanks and vessels, bio-CNG plants, and automation. ADVERTISEMENT It has 54 full-time employees and over 170 contract labourers, delivering services to industries like petrochemicals, manufacturing, and the fiscal year ended March 2025, Samay Project Services reported a revenue of Rs 37.72 crore and profit after tax of Rs 4.19 crore. ADVERTISEMENT The IPO proceeds will be primarily used to fund working capital requirements amounting to Rs 12 crore, with the balance going toward general corporate purposes. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
16-06-2025
- Business
- Time of India
Samay Project Services IPO opens for subscription: Here's what you need to know
The initial public offering (IPO) of Samay Project Services opens for subscription on June 16 and will close on June 18. The company plans to raise Rs 14.69 crore through a fresh issue of 43.2 lakh equity shares, with no offer for sale component. The price band is fixed at Rs 32–34 per share, with investors required to bid for a minimum of 4,000 shares per lot, amounting to Rs 1.36 lakh at the upper end of the band. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 세계 1위 수면시간, 핀란드인들이 먹는 XXXX주스? 수면연구원 김민재 더 알아보기 Undo The issue is being managed by Smart Horizon Capital Advisors, with Bigshare Services acting as the registrar. Shares are expected to be listed on NSE SME on June 23. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Ahead of the IPO, the company raised Rs 2.72 crore from anchor investors on June 13, by allocating 8 lakh shares. Of this, 50% will remain locked in for 30 days, while the rest will be subject to a 90-day lock-in. Company Overview Live Events Samay Project Services, incorporated in 2001, is an Engineering, Procurement and Construction (EPC) firm catering to the design, supply, and commissioning of balance of plant (BoP) systems. Its services span a wide array of industrial infrastructure segments including fire protection systems, piping, tanks and vessels, bio-CNG plants, and automation. It has 54 full-time employees and over 170 contract labourers, delivering services to industries like petrochemicals, manufacturing, and renewables. For the fiscal year ended March 2025, Samay Project Services reported a revenue of Rs 37.72 crore and profit after tax of Rs 4.19 crore. Use of Proceeds The IPO proceeds will be primarily used to fund working capital requirements amounting to Rs 12 crore, with the balance going toward general corporate purposes.
Economic Times
27-05-2025
- Business
- Economic Times
Blue Water Logistics IPO opens for subscription: Check GMP, price band and other details
Blue Water Logistics's initial public offering (IPO) will open for subscription today and will close on May 29. The company is aiming to raise Rs 40.50 crore through a fresh issue of 30 lakh equity shares. ADVERTISEMENT The IPO is priced in the range of Rs 132 to Rs 135 per share and will be listed on the NSE SME platform. Allotment is expected to be finalised by May 30, with listing likely on June 3. Retail investors can apply for a minimum of 1,000 shares, which requires an investment of Rs 1.35 lakh at the upper band. The company has not generated any premium in the grey market so far, with the latest GMP reported at zero. This indicates flat listing expectations as of now, though subscription levels and investor sentiment in the coming days could influence momentum. Incorporated in 2010, Blue Water Logistics provides end-to-end logistics and supply chain services including freight forwarding, customs clearance, and transport across air, sea, and has five branches across India and operates a fleet of 25 commercial vehicles. The company serves a wide range of industries including chemicals, electronics, textiles, and crockery, and also has a global presence in Africa, Singapore, and the the company has shown strong growth. In FY25, it reported a 41% rise in revenue to Rs 196.29 crore and an 80% jump in profit to Rs 10.67 crore. ADVERTISEMENT The funds raised will be used for purchasing new vehicles, meeting working capital needs, and general corporate purposes. Investors will be closely watching the subscription trend over the next two days to gauge demand for this SME IPO is being managed by Smart Horizon Capital Advisors, with Maashitla Securities as the registrar. Shreni Shares is acting as the market maker. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
