The company plans to raise up to Rs 300 crore through a fresh issue of shares and offer for sale of up to 8.94 million shares by its current promoter, Snehal Ravjibhai Patel.
The IPO will involve a fresh issue of Rs 275 crore and an offer for sale of up to 8.50 million shares by the company's existing shareholders and promoters.
In January 2023, JG Chemicals Ltd submitted draft papers to SEBI to raise funds through a fresh issue of Rs 202.50 crore, along with an offer-for-sale of up to 5.70 million shares by its existing shareholders and promoters.
The IPO will open for subscription on 3 April and close on 6 April. The anchor investors bidding will open on 31 March. The basis of allotment will be on 12 April and credit of share will be on 17 April. The firm will list on exchanges on 18 April.
This will be the first new listing in new financial year 2023-24.
The once-high-flying company is preparing to file a fresh initial public offering document as soon as this week, two people familiar with the matter told Bloomberg.
Avalon Tech IPO: The electronic manufacturing services company has cut its IPO size to Rs 865 crore from Rs 1,025 crore. The offer comprises a fresh issue of Rs 320 crore and an offer for sale of shares worth up to Rs 545 crore
Motisons Jewellers had filed preliminary IPO papers with SEBI in September 2023, but the capital markets regulator had returned the draft papers in December
Udayshivakumar Infra is expected to make its market debut on April 3. The third and the final IPO of the March quarter was subscribed 30.63 times
Global Surfaces | The natural stones processing company traded with a volume of 55.86 lakh shares on the NSE, and 4.36 lakh shares on the BSE.
The listing price was largely better than analysts' expectations as well as ahead of the grey market premium, which was around 8-10 percent over the issue price.
Udayshivakumar Infra IPO: The Karnataka-based road construction company aims to raise Rs 66 crore through the issue
The listing was on expected lines given the good subscription numbers, and recovery in equity markets, though there are concerns with respect to falling operating margin.
The initial share sale comprises fresh issuance of equity shares worth Rs 750 crore and an Offer for Sale of Rs 450 crore
Before opening the issue for subscription, Global Surfaces IPO shares had traded with a premium of Rs 50-60 over and above the issue price of Rs 140, which later gradually declined up to around Rs 12-15, analysts said.
The Rs 66-crore maiden public issue comprises only a fresh issue component, which may be other reason for getting good response.
MobiKwik's IPO plans lapsed in November 2022 due to adverse market conditions.
The natural stones processing company closed its public issue with 12.21 times subscription on March 15 backed by all kind of investors.
Udayshivakumar Infra, which primarily operates in Karnataka, will close its IPO on March 23.
The IPO comprises a fresh issuance of shares worth Rs 500 crore, and an offer for sale of 14.12 crore equity shares by selling shareholders.
The Karnataka-based road construction company is planning to raise Rs 66 crore via public issue at higher end of price band of Rs 33-35 per share.
The decision was taken due to change in IREDA's capital structure following infusion of capital to the tune of Rs 1,500 crore by the Government in March, 2022. The IPO will also create additional employment opportunities, the government said
Central banks of the US, England and China will decide on interest rates in separate meetings. Udayshivakumar Infra IPO will open for subscription
The IPO will open on March 22 and close on March 24, Maiden Forgings said in a statement.
Udayshivakumar Infra is 100 percent owned by promoter. Chairman and Managing Director Udayshivakumar owns 98.97 percent stake in the company and the 1 percent shares are being held by his wife Amrutha.