Akme Fintrade India Ltd IPO (Aasaan Loans IPO) witnessed an increased interest from investors. Aasaan Loans IPO offers 1,10,00,000 shares. 20,90,000 (19.00%) to QIB, 15,67,500 (14.25%) to NII, 36,57,500 (33.25%) to RII, 5,50,000 (5.00%) to employees and 31,35,000 (28.50%) to Anchor investors. 29,260 RIIs will receive a minimum of 125 shares, and 298 (sNII) and …
The Securities and Exchange Board of India (SEBI), the nation’s stock market regulator, has announced stricter measures to combat potential manipulation during the pre-IPO call auction process. Combating False Demand and Supply SEBI identified instances where large orders were placed at inflated prices during the pre-IPO call auction. However, a significant portion of these orders …
Emcure Pharmaceuticals has received market regulator SEBI’s nod for its IPO launch. The company had filed its DRHP on December 20, 2023. It aimed to be listed on both the stock exchanges, NSE and BSE. About the Issue: Emcure Pharmaceuticals receives a nod from SEBI to launch its IPO. The IPO consists of a fresh …
On the 2nd day of bidding, Le Travenues Technology Ltd’s IPO (ixigo IPO) witnessed increased interest from retail investors. The company will use IPO proceeds of 740.10 crore for part-funding working capital requirements, investments in cloud infrastructure and technology, and funding inorganic growth through unidentified acquisitions, other strategic initiatives, and general corporate purposes. Ixigo has …
Vraj Iron and Steel Limited manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. The company runs two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, covering 52.93 acres. The company currently has a production capacity of 57,600 TPA of MS Billets, which its rolling mills can use to manufacture TMT Bars with …
Allied Blenders and Distillers is an Indian-made foreign liquor company. The company offers four main categories of Indian-made foreign liquor, including whisky, brandy, rum, and vodka. In addition, they sell packaged drinking water under the Officer’s Choice, Officer’s Choice Blue, and Sterling Reserve brands. The company owns and operates a distillery in Rangapur, Telangana, which …
Ethanol-based chemical manufacturer Godavari Biorefineries Limited has filed the draft red herring prospectus (DRHP) to raise money via the initial public offering (IPO). Godavari Biorefineries IPO is a mix of fresh issue and the offer for sale (OFS). The company is seeking to raise ₹325 crore via fresh issue, and the offer for sale portion …
Godavari Biorefineries, a prominent player in the ethanol-based chemicals sector, has filed a Draft Red Herring Prospectus (DRHP) with SEBI for its upcoming Initial Public Offering (IPO). The company aims to raise Rs.325 crore through this IPO, which includes a fresh issue worth Rs.240 crore and an offer for sale (OFS) by existing shareholders. Background …
Small and medium enterprises (SMEs) have achieved a significant milestone in raising approximately ₹3,000 crore through an initial public offering (IPO) in the first half of 2024. This fundraising activity marks the highest sum of money raised within the first six months of the calendar year 2024, since the inception of the platform in 2012 …
AKME Fintrade is a Non-Banking Fianance Company, registered under RBI in 1996. The company provides loan facilities such as Two Wheeler Loans, Four Wheeler Loans, Business Loans, Mortgage Loans etc, in semi-urban and rural areas. Headquartered at Udaipur, Rajasthan, thec company currently operates in Rajasthan, Gujarat, Madhya Pradesh, and Maharashtra with 12 branches and 25+ …
