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Economic Times
2 days ago
- Business
- Economic Times
IPO GMP Live Updates: Aditya Infotech subscribed 50% on day 1; NSDL, Shanti Gold lead the GMP race
IPO GMP Live Updates: This surge follows robust investor participation last week, where IPOs saw solid demand across all categories. Activity in the grey market has also intensified, with premiums for companies like Shree Refrigerations and NSDL holding steady. Key IPOs This Week NSDL Aditya Infotech Laxmi India Finance Sri Lotus Developers Shanti Gold NSDL IPOIndia's largest depository is set to launch its IPO on July 30, targeting ₹4,012 crore through an offer for sale. The price band is fixed at ₹760–₹800 per share, with ICICI Securities serving as the lead manager. Aditya Infotech IPO Backed by ICICI Securities, this ₹1,300 crore mainboard IPO opens on July 29 and closes on July 31. The IT services company has set the price band at ₹640–₹675 per share. Retail Investors: 10% Non-Institutional Investors (NII): 15% Qualified Institutional Buyers (QIBs): 75% Discounted allocation for employees (~₹6 crore reserve, ₹60/share discount) NSDL Aditya Infotech Laxmi India Finance Sri Lotus Developers Shanti Gold Subscription Window: Opens July 29, 2025 and closes July 31, 2025. Allotment Date: 01 Aug, 2025 Listing Date: 05 Aug, 2025 Price Band: ₹640–₹675 per share; minimum application is 22 shares (₹14,080). IPO Size: ₹1,300 crore total Rs 500 crore via fresh equity issue Rs 800 crore via Offer for Sale (OFS) by promoters The issue's grey market premium trades at Rs 240-250. Total: 0.47 times Employee Reserved: 0.39 timesRetail Individual Investors (RIIs): 1.73 times Non Institutional Investors(NIIS): 0.56 times Qualified Institutional Buyers (QIBs): 0.00 times
Economic Times
3 days ago
- Business
- Economic Times
Brigade Hotel Ventures IPO subscribed over 1.3x on day 3: GMP signals flat listing
All proceeds from the offer will go towards funding business growth, with no Offer for Sale component. Investors can apply for a minimum of 166 shares, with bids accepted in multiples, until the issue closes on July 28. Share allotment is likely on July 29, with the stock expected to list on both BSE and NSE on July 31. The IPO, pegging the company's valuation at over Rs 3,400 crore at the upper price band, is a pure fresh issue. Tired of too many ads? Remove Ads Brigade Hotel Ventures IPO GMP Brigade Hotel Ventures IPO Details Tired of too many ads? Remove Ads Use of Proceeds Analyst view Brigade Hotel Ventures Business Overview The initial public offering (IPO) of Brigade Hotel Ventures was subscribed 1.34 times as of 10:33 am on Monday, the third and final day of IPO received bids for 6.85 crore shares against 5.11 crore on offer. Retail investors led the demand with a 5.18 times subscription, followed by non-institutional investors (NIIs) at 1.13 times. The qualified institutional buyer (QIB) portion was subscribed to just 8%.In the grey market, Brigade Hotel Ventures shares were trading at a premium of Rs 2, suggesting a modest 2% gain over the upper end of the price band—signalling the possibility of a flat can bid for a minimum of 166 shares and in multiples thereafter before the window closes on July 28. Share allotment is expected on July 29, and the listing is likely on July 31 on both BSE and the upper end of the price band, the company is valued at over Rs 3,400 crore. The IPO is entirely a fresh issue with no Offer for Sale (OFS), meaning the proceeds will be used for business the Rs 759.6 crore being raised, Brigade Hotel Ventures plans to use Rs 468.14 crore to repay debt. Another Rs 107.52 crore will go towards acquiring an undivided share of land from its parent company, Brigade Enterprises . The rest will be allocated for strategic acquisitions and general corporate remain divided. Ventura Securities has issued a 'Subscribe' rating, citing the company's premium asset base and strong brand partnerships, while Canara Bank Securities has cautioned about steep valuations, suggesting only long-term investors consider the its strategic presence in South India, premium affiliations, and expansion pipeline, BHVL is well-positioned to ride India's hospitality upcycle. Yet, the subdued grey market premium of 9% and the lofty valuation metrics suggest limited near-term listing in 2004, Brigade Hotel Ventures entered the hospitality sector in 2009 with its first property, Grand Mercure Bangalore. The company currently operates nine hotels across Bengaluru, Mysuru, Chennai, Kochi, and GIFT City in Gujarat, with a total of 1,604 manages properties under global hospitality brands like Marriott, Accor, and InterContinental Hotels Group (IHG), bolstering its brand and operational credibility.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Mint
24-07-2025
- Business
- Mint
GNG Electronics IPO day 2 Live: GMP jumps, subscription status, review, other details. Should you apply?
GNG Electronics IPO: The initial public offering (IPO) of GNG Electronics Ltd. opened on 23 July 2025 and will remain open until 25 July 2025. The company has declared the GNG Electronics IPO price band at ₹ 225 to ₹ 237 per equity share. The book-build issue is proposed for listing on the BSE and the NSE. The mainboard IPO aims to raise ₹ 460.63 crore out of which ₹ 400 crore is aimed through the issuance of fresh shares. The remaining amount is reserved for the Offer for Sale (OFS) route. According to the GNG Electronics IPO subscription status, the public issue has received a strong response from investors as it got subscribed 8.99 times of its offer. This triggered positive sentiments in the grey market. According to market observers, shares of GNG Electronics Ltd. are available at a premium of ₹ 100 in the grey market today, which is ₹ 17 higher than yesterday's GNG Electronics IPO GMP of ₹ 83. Market observers believe the rise in the grey market sentiment can be attributed to two significant reasons — strong GNG Electronics IPO subscription status and positive feelings in the Indian stock market. After the end of bidding on day one, the book build issue had been booked 8.99 times, the retail portion of the initial offer had been subscribed 8.89 times, the NII segment had been filled 18.85 times, whereas the QIB segment had been booked 1.68 times. Infographic: Courtesy mintgenie Gaurav Goel, Founder & Director at Fynocrat Technologies, assigned a subscribe' tag for long-term, said, "GNG Electronics has emerged as a dominant player in a niche, fast-growing industry. It benefits from strong industry tailwinds, a scalable global business model, and leadership in the organised refurbishing space. While the IPO is fully valued and listing gains may be moderate, the company's structural advantages and long-term growth prospects remain attractive. Well-informed investors with a medium to long-term investment horizon may consider subscribing to this IPO. GNG is well-positioned to ride the ESG and affordability wave in IT hardware." Giving a 'subscribe' tag to the public issue, Anshul Jain, Head of Research at Lakshmishree Investment, said, "GNG has shown strong financials, with FY25 revenue rising to ₹ 1,411 crore and profit after tax at ₹ 69 crore. Over the last two years, the company has clocked a ~46% revenue CAGR, driven by its leadership in global ICT refurbishment and its sustainability certifications. However, the business heavily relies on laptop refurbishing, which comprises over 75% of FY25 revenue. It also faces risks related to pricing pressures on key components and market competition. Despite these challenges, GNG's solid growth, profitability, and niche position make it attractive, and one can apply for the mainboard IPO for the long term." The GNG Electronics IPO opened on 23 July 2025 and will remain open until 25 July 2025. It has a price band of ₹ 225 to ₹ 237 per share and a retail lot size of 63 shares (minimum investment ~ ₹ 14,931). The ₹ 460.43 crore issue includes ₹ 400 crore of fresh equity and ₹ 60.43 crore via offer-for-sale. Allotment is expected on July 28, with listing tentatively set for July 30. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
23-07-2025
- Business
- Time of India
Brigade Hotel Ventures IPO: Shares trade at 17% GMP ahead of IPO opening. Check details
Brigade Hotel Ventures IPO: In the unlisted market, the company's shares are said to be trading at a grey market premium (GMP) of ₹15–16. Brigade Hotel Ventures IPO: Brigade Hotel Ventures, the hospitality subsidiary of real estate firm Brigade Enterprises, is set to launch its initial public offering (IPO) on Thursday, July 24. The offering consists solely of a fresh issue valued at Rs 759.6 crore, with a price band of Rs 85 to Rs 90 per equity share. Tired of too many ads? Remove Ads Brigade Hotel Ventures IPO details Tired of too many ads? Remove Ads About Brigade Hotel Ventures Pre-IPO placement and investor allocation Brigade Hotel Ventures, the hospitality subsidiary of real estate firm Brigade Enterprises , is set to launch its initial public offering (IPO) on Thursday, July 24. The offering consists solely of a fresh issue valued at Rs 759.6 crore, with a price band of Rs 85 to Rs 90 per equity the unlisted market, the company's shares are reportedly commanding a grey market premium (GMP) of Rs 15-16, hinting at a possible 16.7% listing gain over the IPO's upper price band. However, analysts advise caution as GMPs are speculative and may not reflect actual listing IPO will remain open for bidding until July 28. Investors can apply for a minimum lot size of 166 shares and in multiples thereafter. Share allotment is likely to be finalized on July 29, with the listing tentatively scheduled for July 31 on the BSE and the top end of the price band, the company is estimated to have a post-issue valuation of over Rs 3,400 crore. Since the offer does not include any Offer for Sale (OFS), the full proceeds will be utilized for the company's growth and operational the Rs 759.6 crore being raised, Brigade Hotel Ventures plans to allocate Rs 468.14 crore towards debt repayment. An additional Rs 107.52 crore will be used to acquire a share of land from its parent entity, Brigade Enterprises. The remainder will be used for strategic acquisitions and general corporate a strong brand portfolio, strategic backing from Brigade Enterprises, and a presence in India's key urban markets, Brigade Hotel Ventures is looking to capitalize on investor demand amid a broader revival in the hospitality and tourism in 2004, Brigade Hotel Ventures began its hospitality operations in 2009 with the launch of Grand Mercure Bangalore. The company currently operates nine hotels across cities including Bengaluru, Mysuru, Chennai, Kochi, and Gujarat's GIFT City, offering a total of 1,604 group manages properties under prominent global hospitality brands such as Marriott, Accor, and InterContinental Hotels Group (IHG), lending it credibility and international this month, the company secured Rs 126 crore through a pre-IPO placement to 360 ONE Alternates Asset Management, indicating strong institutional interest in the the total issue size, 75% is earmarked for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors. JM Financial and ICICI Securities are acting as the book-running lead managers for the IPO.
Economic Times
23-07-2025
- Business
- Economic Times
Brigade Hotel Ventures IPO: Shares trade at 17% GMP ahead of IPO opening. Check details
Brigade Hotel Ventures IPO details Live Events About Brigade Hotel Ventures Pre-IPO placement and investor allocation (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Brigade Hotel Ventures, the hospitality subsidiary of real estate firm Brigade Enterprises , is set to launch its initial public offering (IPO) on Thursday, July 24. The offering consists solely of a fresh issue valued at Rs 759.6 crore, with a price band of Rs 85 to Rs 90 per equity the unlisted market, the company's shares are reportedly commanding a grey market premium (GMP) of Rs 15-16, hinting at a possible 16.7% listing gain over the IPO's upper price band. However, analysts advise caution as GMPs are speculative and may not reflect actual listing IPO will remain open for bidding until July 28. Investors can apply for a minimum lot size of 166 shares and in multiples thereafter. Share allotment is likely to be finalized on July 29, with the listing tentatively scheduled for July 31 on the BSE and the top end of the price band, the company is estimated to have a post-issue valuation of over Rs 3,400 crore. Since the offer does not include any Offer for Sale (OFS), the full proceeds will be utilized for the company's growth and operational the Rs 759.6 crore being raised, Brigade Hotel Ventures plans to allocate Rs 468.14 crore towards debt repayment. An additional Rs 107.52 crore will be used to acquire a share of land from its parent entity, Brigade Enterprises. The remainder will be used for strategic acquisitions and general corporate a strong brand portfolio, strategic backing from Brigade Enterprises, and a presence in India's key urban markets, Brigade Hotel Ventures is looking to capitalize on investor demand amid a broader revival in the hospitality and tourism in 2004, Brigade Hotel Ventures began its hospitality operations in 2009 with the launch of Grand Mercure Bangalore. The company currently operates nine hotels across cities including Bengaluru, Mysuru, Chennai, Kochi, and Gujarat's GIFT City, offering a total of 1,604 group manages properties under prominent global hospitality brands such as Marriott, Accor, and InterContinental Hotels Group (IHG), lending it credibility and international this month, the company secured Rs 126 crore through a pre-IPO placement to 360 ONE Alternates Asset Management, indicating strong institutional interest in the the total issue size, 75% is earmarked for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors. JM Financial and ICICI Securities are acting as the book-running lead managers for the IPO.
