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+ …
An Overview of the Company Popular in Southern as well as Western India, Penna Cement has filed its second draft red herring prospectus (or DRHP) with the Securities and Exchange Board of India. By doing so it hopes to launch an initial public offering (or IPO) amounting to INR 1,550 Crores. Penna Cement IPO is …
Quadrant Future Tek, a provider of Train Control and Signalling Systems, has recently filed a draft red herring prospectus (DRHP) with the market regulatory Securities and Exchange Board of India (SEBI) to float an Initial Public Offering (IPO) to raise up to ₹275 crore via fresh issue. After a successful process, Quadrant Future Tek IPO …
Stanley Lifestyles Limited specializes in designing and manufacturing high-end furniture under the brand Stanley. Their product range includes seating like sofas and dining chairs, case goods such as coffee tables and consoles, kitchens, cabinets, and wardrobes, as well as mattresses and bed frames. They also offer customizable shoes and leather car seat covers. While the …
Hindalco Industries, a major Indian aluminum and copper manufacturing company, has announced the postponement of the IPO of its wholly-owned subsidiary, Novelis. The decision comes amidst market volatility and valuation concerns, reflecting the company’s cautious stance in the face of uncertain market conditions. Reasons for Postponement The reason for the delay is the current weak …
Kronox Lab Sciences Limited manufactures high-purity specialty fine chemicals for diverse end-user industries, debuted on the Indian stock market today. The stock of Kronox Lab Sciences settled at Rs 165 per share on the BSE, representing an impressive 21.32% premium over the final issue price of Rs 136 per share. Additionally, on the NSE, the …
Bengaluru-based Ola Electric has received market regulator SEBI’s approval to launch its much-awaited initial public offering (IPO) and is anticipated to get listed within a month. Bhavish Aggarwal, Founder of Ola Electric, took to X, to share the news of the upcoming IPO this month, indirectly as SEBI is yet to update formally on this …
DEE Development Engineers Limited is a leading engineering firm specializing in process piping solutions for diverse sectors such as oil and gas, power (including nuclear), chemicals, and other process industries. They offer comprehensive services encompassing engineering, procurement, and manufacturing. Their product portfolio includes high-pressure piping systems, piping spools, high-frequency induction pipe bends, longitudinally submerged arc …
