IRM Energy IPO opened for subscription today, with the issue’s GMP jumping over 13%. Should you subscribe for the issue?
Proceeds from the fresh issue will be used for payment of debt and general corporate purposes.
To dilute 25% stake; offer to consist of 10% stake sale by Centre and 15% fresh equity offer.
Plaza Wires’ GMP soared 42.59% ahead of listing on the bourses today.
Gross margin rose to 0.8% in 2022-23 from 0.12% in 2021-22.
Geopolitical tensions notwithstanding
The IPO is a fresh issue of up to 1.08 crore equity shares by existing shareholders. The offer also includes…
Aadhar Housing, formerly owned by the troubled Dewan Housing Group, is currently owned 98% by Blackstone and has around 2%…
The Initial Public Offering of human resources solutions provider CIEL Group is expected in the first half of 2024.
According to Pranav Haldea, managing director of Prime Database which is a leading database on the primary capital markets, of…
According to Pranav Haldea, Managing Director of the portal, fundraise via equities rose 69 per cent to Rs 73,747 crore…
The IPO received bids for 59,39,88,274 shares against 94,96,114 shares on offer, as per data available with the NSE.
Among the other companies that have made their debuts on the bourses, RR Kable has performed the best with its…
A sample of 25 stocks shows that one year prior to migration, the average return of these stocks was 229.75%.…
Lower than Rs 36,000 crore raised in FY23
Earlier, the company filed draft papers with the Securities and Exchange Board of India (Sebi) in August 2021 for floating…
Since the IPO is entirely an OFS, the entire proceeds will go to the existing shareholders.
The bank proposes to utilise the net proceeds from the fresh issue towards augmenting bank’s tier – I capital base…