26-Apr-2024 (17:14)
JNK India IPO ends with decent subscription
The initial public offer (IPO) of JNK India received 31,17,66,156 bids for shares as against 1,10,83,278 shares on offer. The issue was subscribed 28.13 times.
The Qualified Institutional Buyers (QIBs) category was subscribed 75.72 times. The Non Institutional Investors (NIIs) category was subscribed 23.26 times. The Retail Individual Investors (RIIs) category was subscribed 4.11 times.
The issue opened for bidding on 23 April 2024 and closed on 25 April 2024. The price band of the IPO was fixed at Rs 395 to Rs 415 per share.
The offer comprised of a fresh issue of equity shares of Rs 300 crore and an offer for sale (OFS) of up to 84,21,052 equity shares from the promoter selling shareholders and individual selling shareholders.
Of the net proceeds from the fresh issue, about Rs 262.69 crore will be utilized for funding working capital requirement and balance towards general corporate purposes. The selling shareholders will be entitled to the proceeds from the OFS (net of its portion of the offer-related expenses). The company will not receive any proceeds from the OFS.
As on 31 January 2024, its borrowings were Rs 157.06 crore on a consolidated basis.
Ahead of the IPO, JNK India on 22 April 2024 raised Rs 194.84 crore from anchor investors. The board allotted 46.94 lakh shares at Rs 415 each to 19 anchor investors.
JNK India manufactures heating equipment such as process-fired heaters, reformers, and cracking furnaces required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. Over the years, the company diversified into flares and incinerator systems and has been developing capabilities in the renewable sector with green hydrogen.
The firm reported a net profit of Rs 46.21 crore and sales of Rs 253.39 crore for the nine months ended on 31 December 2023.
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25-Apr-2024 (17:34)
JNK India IPO subscribed 28.07 times
The initial public offer (IPO) of JNK India received 31,10,55,912 bids for shares as against 1,10,83,278 shares on offer, according to stock exchange data at 17:30 IST on Thursday (25 April 2024). The issue was subscribed 28.07 times.
The issue opened for bidding on Tuesday (23 April 2024) and it will close on Thursday (25 April 2024). The price band of the IPO is fixed at Rs 395 to Rs 415 per share. An investor can bid for a minimum of 36 equity shares and in multiples thereof.
The offer comprises of a fresh issue of equity shares of Rs 300 crore and an offer for sale (OFS) of up to 84,21,052 equity shares from the promoter selling shareholders and individual selling shareholders.
Of the net proceeds from the fresh issue, about Rs 262.69 crore will be utilized for funding working capital requirement and balance towards general corporate purposes. The selling shareholders will be entitled to the proceeds from the OFS (net of its portion of the offer-related expenses). The company will not receive any proceeds from the OFS.
As on 31 January 2024, its borrowings were Rs 157.06 crore on a consolidated basis.
Ahead of the IPO, JNK India on Monday, 22 April 2024 raised Rs 194.84 crore from anchor investors. The board allotted 46.94 lakh shares at Rs 415 each to 19 anchor investors.
JNK India manufactures heating equipment such as process-fired heaters, reformers, and cracking furnaces required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. Over the years, the company diversified into flares and incinerator systems and has been developing capabilities in the renewable sector with green hydrogen.
The firm reported a net profit of Rs 46.21 crore and sales of Rs 253.39 crore for the nine months ended on 31 December 2023.
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24-Apr-2024 (17:34)
JNK India IPO subscribed 1.03 times
The initial public offer (IPO) of JNK India received 1,14,14,556 bids for shares as against 1,10,83,278 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (24 April 2024). The issue was subscribed 1.03 times.
The issue opened for bidding on Tuesday (23 April 2024) and it will close on Thursday (25 April 2024). The price band of the IPO is fixed at Rs 395 to Rs 415 per share. An investor can bid for a minimum of 36 equity shares and in multiples thereof.
The offer comprises of a fresh issue of equity shares of Rs 300 crore and an offer for sale (OFS) of up to 84,21,052 equity shares from the promoter selling shareholders and individual selling shareholders.
Of the net proceeds from the fresh issue, about Rs 262.69 crore will be utilized for funding working capital requirement and balance towards general corporate purposes. The selling shareholders will be entitled to the proceeds from the OFS (net of its portion of the offer-related expenses). The company will not receive any proceeds from the OFS.
As on 31 January 2024, its borrowings were Rs 157.06 crore on a consolidated basis.
Ahead of the IPO, JNK India on Monday, 22 April 2024 raised Rs 194.84 crore from anchor investors. The board allotted 46.94 lakh shares at Rs 415 each to 19 anchor investors.
JNK India manufactures heating equipment such as process-fired heaters, reformers, and cracking furnaces required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. Over the years, the company diversified into flares and incinerator systems and has been developing capabilities in the renewable sector with green hydrogen.
The firm reported a net profit of Rs 46.21 crore and sales of Rs 253.39 crore for the nine months ended on 31 December 2023.
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23-Apr-2024 (17:35)
JNK India IPO subscribed 49%
The initial public offer (IPO) of JNK India received 53,86,212 bids for shares as against 1,10,83,278 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (23 April 2024). The issue was subscribed to 0.49 times.
The issue opened for bidding on Tuesday (23 April 2024) and it will close on Thursday (25 April 2024). The price band of the IPO is fixed at Rs 395 to Rs 415 per share. An investor can bid for a minimum of 36 equity shares and in multiples thereof.
The offer comprises of a fresh issue of equity shares of Rs 300 crore and an offer for sale (OFS) of up to 84,21,052 equity shares from the promoter selling shareholders and individual selling shareholders.
Of the net proceeds from the fresh issue, about Rs 262.69 crore will be utilized for funding working capital requirement and balance towards general corporate purposes. The selling shareholders will be entitled to the proceeds from the OFS (net of its portion of the offer-related expenses). The company will not receive any proceeds from the OFS.
As on 31 January 2024, its borrowings were Rs 157.06 crore on a consolidated basis.
Ahead of the IPO, JNK India on Monday, 22 April 2024 raised Rs 194.84 crore from anchor investors. The board allotted 46.94 lakh shares at Rs 415 each to 19 anchor investors.
JNK India manufactures heating equipment such as process-fired heaters, reformers, and cracking furnaces required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. Over the years, the company diversified into flares and incinerator systems and has been developing capabilities in the renewable sector with green hydrogen.
The firm reported a net profit of Rs 46.21 crore and sales of Rs 253.39 crore for the nine months ended on 31 December 2023.
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23-Apr-2024 (17:15)
BSE SME IPO of Shivam Chemical subscribed 95%
The initial public offer (IPO) of Shivam Chemical received bids for 43,77,000 shares as against 45,87,000 shares on offer, as per BSE data as of 17:00 hours on Tuesday, (23 April 2024). The issue was subscribed 0.95 times.
The issue opened for bidding on Tuesday, (23 April 2024) and it will close on Thursday, (25 April 2024). The price of the IPO is fixed at Rs 44 per share. The minimum order quantity is 3,000 equity shares. The equity shares will list on BSE?s SME platform.
The IPO comprises fresh issue of 45,87,000 equity shares. The promoter and promoter group shareholding will dilute to 73% from 100% Pre-IPO.
About 2,31,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 43,56,000 equity shares. The issue and the net issue will constitute 27.00 % and 25.64% respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to funding working capital requirements of the company, investment in subsidiary company, Shivam Chemicals & Minerals for financing the augmentation of its working capital capabilities and general corporate purposes.
Shivam Chemicals is a manufacturer of Hydrated Lime (Calcium Hydroxide) and a distributor of various animal feed products, including Poultry Feed Supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, and Limestone Powder. They have built a strong network of distributors across India, supplying over 2.5 lakh metric tons of products to well-renowned manufacturers. As on 31 December 2023 the company has 25 employees.
The company recorded revenue from operations of Rs 106.93 crore and net profit of Rs 0.70 crore for the period as on 31 December 2023.
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22-Apr-2024 (18:23)
Vodafone Idea FPO subscribed 6.36 times
The follow-on public offer (FPO) of Vodafone Idea was subscribed 6.36 times on the third day of bidding. As on 17:00 IST on Monday (April 22), the issue received bids for 80,11,82,98,458 equity shares against the issue size of 12,60,00,00,001 equity shares.
The portion reserved for retail individual investors (RIIs) was subscribed by 91% with bids of 5,76,38,65,052 equity shares against offered 6,30,00,00,000 equity shares.
Meanwhile, the portion reserved for qualified institutional buyers (QIBs) has received bids for 63,21,05,38,776 shares, implying a total subscription 17.56 times. The non-institutional investors (NII) category has been subscribed by 4.13 times, recording bids for 11,14,38,94,630 shares.
The FPO consists of fresh issuance of equity shares for an amount aggregating to Rs 18,000 crore.
The price band for the offer was fixed at Rs 10-11 per share and the minimum bid quantity is 1,298 shares. The issue opened for public participation on 18 April 2024, and it will close on 22 April 2024.
The company proposes to utilize the net proceeds from the issue for purchase of equipment for the expansion of our network infrastructure by setting up new 4G sites, expanding the capacity of existing 4G Sites and new 4G sites and setting up new 5G sites; payment of certain deferred payments for spectrum to the DoT and the GST thereon; and for general corporate purposes.
Before the FPO, the Promoter and Promoter Group held 48.75% stake in the company. Post-FPO, the Promoter holding would come down to 36.87%.
Ahead of the FPO, the company on 17 April 2024 raised Rs 5,400 crore from 74 anchor investors by finalizing the allocation of 491 crore shares under anchor portion at a price of Rs 11 apiece.
The investors include GQG Partners, Fidelity Investments, UBS Fund Management, Jupiter Fund Management, and Australian Super, besides Indian investors such as India Infoline, Motilal Oswal, HDFC Mutual Fund, SBI General Insurance and Quant.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service provider. The company provides pan India voice and data services across 2G, 3G and 4G platforms. The company holds large spectrum portfolio including mid band 5G spectrum in 17 circles and mm Wave 5G spectrum in 16 circles.
The telecom service provider reported a consolidated net loss of Rs 6,985.9 crore in Q3 FY24 as compared with a net loss of Rs 7,990 crore in Q3 FY3. Revenue from operations increased marginally to Rs 10,673.1 crore in Q3 FY24 as against Rs 10,620.6 crore posted in Q3 FY23.
Shares of Vodafone Idea shed 0.23% to end at Rs 12.89 on the BSE today.
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22-Apr-2024 (17:11)
BSE SME IPO of Varyaa Creations subscribed 66%
The initial public offer (IPO) of Varyaa Creations received bids for 8,92,000 shares as against 13,40,000 shares on offer, as per BSE data as of 17:00 hours on Monday, (22 April 2024). The issue was subscribed 0.66 times.
The issue opened for bidding on Monday, (22 April 2024) and it will close on Thursday, (25 April 2024). The price of the IPO is fixed at Rs 150 per share. The minimum order quantity is 1,000 equity shares. The equity shares will list on BSE?s SME platform.
The IPO comprises fresh issue of 13,40,000 equity shares. The promoter and promoter group shareholding will dilute to 72.02% from 100% Pre-IPO.
About 70,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 12,70,000 equity shares. The issue and the net issue will constitute 27.97% and 26.51% respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to finance the establishment of the new showroom, capital expenditure cost for the proposed new showroom, purchase of inventory for the proposed new showroom, purchase of inventory and general corporate purposes.
Varyaa Creations engaged in the wholesale trade of gold, silver, precious stones, and semi-precious stones. The company utilizes job workers located in Mumbai for their jewellery production. Their product portfolio encompasses necklaces, earrings, tops, rings, bracelets, bangles, gemstones (including diamonds, lab-grown diamonds, and pearls), and they offer customization options to cater to specific customer requests. The company will sell its products through its own online platform, www.bauleberry.com. As on 31 March 2024, the company has 8 employees.
The company recorded revenue from operations of Rs 17.18 crore and net profit of Rs 3.51 crore for the period as on 31 December 2023.
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19-Apr-2024 (17:48)
Vodafone Idea FPO subscribed 0.49 times
The follow-on public offer (FPO) of Vodafone Idea was subscribed 0.49 times on the second day of bidding. As on 17:00 IST on Friday (April 19), the issue received bids for 6,17,46,65,178 equity shares against the issue size of 12,60,00,00,001 equity shares.
The portion reserved for retail individual investors (RIIs) was subscribed by 13% with bids of 79,30,44,252 equity shares against offered 6,30,00,00,000 equity shares.
Meanwhile, the portion reserved for qualified institutional buyers (QIBs) has received bids for 3,35,58,79,054 shares, implying a total subscription of 93%. The non-institutional investors (NII) category has been subscribed by 0.75 times, recording bids for 2,02,57,41,872 shares.
The FPO consists of fresh issuance of equity shares for an amount aggregating to Rs 18,000 crore.
The price band for the offer was fixed at Rs 10-11 per share and the minimum bid quantity is 1,298 shares. The issue opened for public participation on 18 April 2024 and it will close on 22 April 2024.
The company proposes to utilise the net proceeds from the issue for purchase of equipment for the expansion of our network infrastructure by setting up new 4G sites, expanding the capacity of existing 4G Sites and new 4G sites and setting up new 5G sites; payment of certain deferred payments for spectrum to the DoT and the GST thereon; and for general corporate purposes.
Before the FPO, the Promoter and Promoter Group held 48.75% stake in the company. Post-FPO, the Promoter holding would come down to 36.87%.
Ahead of the FPO, the company on 17 April 2024 raised Rs 5,400 crore from 74 anchor investors by finalising the allocation of 491 crore shares under anchor portion at a price of Rs 11 apiece.
The investors include GQG Partners, Fidelity Investments, UBS Fund Management, Jupiter Fund Management, and Australian Super, besides Indian investors such as India Infoline, Motilal Oswal, HDFC Mutual Fund, SBI General Insurance and Quant.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service provider. The company provides pan India voice and data services across 2G, 3G and 4G platforms. The company holds large spectrum portfolio including mid band 5G spectrum in 17 circles and mm Wave 5G spectrum in 16 circles.
The telecom service provider reported a consolidated net loss of Rs 6,985.9 crore in Q3 FY24 as compared with a net loss of Rs 7,990 crore in Q3 FY3. Revenue from operations increased marginally to Rs 10,673.1 crore in Q3 FY24 as against Rs 10,620.6 crore posted in Q3 FY23.
Shares of Vodafone Idea fell 2.12% to end at Rs 12.92 on the BSE today.
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18-Apr-2024 (15:31)
Vodafone Idea FPO subscribed 0.18 times
The follow-on public offer (FPO) of Vodafone Idea was subscribed 0.18 times on the first day of bidding. As on 15:24 IST on Thursday (April 18), the issue received bids for 2,22,96,52,480 equity shares against the issue size of 12,60,00,00,001 equity shares.
The portion reserved for retail individual investors (RIIs) was subscribed by 5% with bids of 32,07,13,734 equity shares against offered 6,30,00,00,000 equity shares.
Meanwhile, the portion reserved for qualified institutional buyers (QIBs) has received bids for 1,52,85,96,190 shares, implying a total subscription of 42%. The non-institutional investors (NII) category has been subscribed by 0.14 times, recording bids for 38,03,42,556 shares.
The FPO consists of fresh issuance of equity shares for an amount aggregating to Rs 18,000 crore.
The price band for the offer was fixed at Rs 10-11 per share and the minimum bid quantity is 1,298 shares. The issue opened for public participation on 18 April 2024 and it will close on 22 April 2024.
The company proposes to utilise the net proceeds from the issue for purchase of equipment for the expansion of our network infrastructure by setting up new 4G sites, expanding the capacity of existing 4G Sites and new 4G sites and setting up new 5G sites; payment of certain deferred payments for spectrum to the DoT and the GST thereon; and for general corporate purposes.
Before the FPO, the Promoter and Promoter Group held 48.75% stake in the company. Post-FPO, the Promoter holding would come down to 36.87%.
Ahead of the FPO, the company on 17 April 2024 raised Rs 5,400 crore from 74 anchor investors by finalising the allocation of 491 crore shares under anchor portion at a price of Rs 11 apiece.
The investors include GQG Partners, Fidelity Investments, UBS Fund Management, Jupiter Fund Management, and Australian Super, besides Indian investors such as India Infoline, Motilal Oswal, HDFC Mutual Fund, SBI General Insurance and Quant.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service provider. The company provides pan India voice and data services across 2G, 3G and 4G platforms. The company holds large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave 5G spectrum in 16 circles.
The telecom service provider reported a consolidated net loss of Rs 6,985.9 crore in Q3 FY24 as compared with a net loss of Rs 7,990 crore in Q3 FY3. Revenue from operations increased marginally to Rs 10,673.1 crore in Q3 FY24 as against Rs 10,620.6 crore posted in Q3 FY23.
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15-Apr-2024 (17:25)
NSE SME IPO of Grill Splendour Services (Birdy's) subscribed 2.01 times
The initial public offer (IPO) of Grill Splendour Services (Birdy's) received bids for 27,61,200 shares as against 13,72,800 shares on offer, as per NSE data as of 17:00 hours on Monday, (15 April 2024). The issue was subscribed 2.01 times.
The issue opened for bidding on Monday, (15 April 2024) and it will close on Thursday, (18 April 2024). The price of the IPO is fixed at Rs 120 per share. The minimum order quantity is 1200 equity shares. The equity shares will list on NSE?s SME platform.
The IPO comprises fresh issue of 13,72,800 equity shares. The promoter and promoter group shareholding will dilute to 36.64% from 49.75% Pre-IPO.
About 69,600 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 13,03,200 equity shares. The issue and the net issue will constitute 26.34% and 25.02% respectively of the post offer paid up equity share capital of the company.
The company intends to utilize the net proceeds to funding additional working capital requirements of the company, to pre-payment/repayment, in full or part, of certain outstanding borrowings availed by the company, to offer expenses and general corporate purpose.
Grill Splendour Services (Birdy's) is engaged in chain of gourmet bakery and Patisserie spread across Mumbai through 17 retail stores, a centralized production facility and multiple corporate clients. Out of these 17 retail stores, 5 stores are running under the franchisee model (franchisee owned, and company operated) and rest 12 stores are owned by company. The company offers fresh food products from traditional to ?made to order? as required by the customers. The company has 77 employees.
The company recorded revenue from operations of Rs 8.83 crore and net profit of Rs 0.61 crore for the period as on 30 November 2023.
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