National Infrastructure Trust (NIT), according to the reports, has just filed its Draft Red Herring Prospectus (DRHP) with SEBI, with a target to raise a hefty Rs 1,600 crore through its upcoming IPO. Backed by Gawar Construction Ltd (GCL), this infrastructure investment trust is looking to make an impact in the market. What’s on Offer? …
The National Stock Exchange (NSE) has renewed its efforts to go public by filing for a no-objection certificate (NOC) with the Securities and Exchange Board of India (Sebi) for its long-awaited initial public offering (IPO). This move comes after Sebi informed the Delhi High Court earlier this month that NSE had not submitted any new …
The recent initial public offering (IPO) of Resourceful Automobile, a Delhi-based two-wheeler dealership, has sent shockwaves through the Indian market. Despite its modest size, with just two outlets and a workforce of eight, the company’s ₹12 crore IPO received an astounding response, attracting bids worth nearly ₹4,800 crore. Founded in 2018 under the Sawhney Automobile …
Gala Precision Engineering Ltd., a leading manufacturer of precision components, is set to raise Rs 167.93 crore through an initial public offering (IPO). The IPO is a book-built issue, combining both fresh issue shares and an offer for sale. Investors can subscribe to the IPO between September 2, 2024, and September 4, 2024, with the …
LG Electronics Inc. is considering an initial public offering (IPO) for its India business as part of a broader strategy to achieve $75 billion in electronics revenue by 2030. This move, if confirmed, would mark a significant milestone for the South Korean tech giant as it seeks to expand its footprint in one of the …
On September 21, 2010, Garuda Construction and Engineering Limited was established as a publicly traded company. It is registered with the Registrar of Companies, ROC Mumbai, and is categorized as a non-government organization. The company has an authorized share capital of Rs. 500,000,000 and a paid-up capital of Rs. 373,708,710. The company is putting the …
Patel Retail Ltd. received the green light from the Securities and Exchange Board of India (SEBI) on Monday to launch its initial public offering (IPO) in the primary market. The company is set to float its shares, offering investors a new opportunity to participate in its growth. The IPO will comprise 100.1 lakh equity shares, …
Premier Energies Ltd, a key player in the solar energy market, has just announced it’s raised Rs.846 crore from anchor investors, just one day before its initial public offering (IPO) kicks off. Anchor Investment Breakdown The company’s lineup of anchor investors includes big names like Nomura Funds and Abu Dhabi Investment Authority, along with top …
Integrated solar cell and solar module manufacturer, Premier Energies Limited’s IPO opened for subscription on August 27, 2024 and will close on August 29, 2024. Premier Energies IPO is a book-built issue of ₹2,830.40 crore. The issue is a combination of a fresh issue of 28,697,777 shares aggregating to ₹1,291.40 crore and an offer for …
Aeron Composite Ltd, a prominent player in the manufacturing and supply of Fiber fiberglass reinforced Polymer (FRP) products, has embarked on a significant step in its growth journey by raising Rs. 15.17 crore from anchor investors ahead of its initial public offering (IPO). This strategic financial move sets the stage for the company’s ambitious plans, …
