IPO Details Opened: January 24, 2025 Closes: January 24, 2025 Size: ₹220.5 crore (75 lakh equity shares) Price Band: ₹279-₹294 per share Subscription Status (First Day) Fully subscribed within minutes of opening. Overall subscription: 6.59x (as of 12:14 PM on Day 1). Retail category: 7.61x Non-Institutional Investors (NII): 10.95x Qualified...
January 2025
IPO Launch Date: Opens: Monday, Jan. 20 Closes: Wednesday, Jan. 22 Issue Size: Total: Rs 169.37 crore Comprises a mix of fresh issuance and offer for sale by existing shareholders. IPO Allotment and Listing Timeline: Share Allotment: Jan. 23 Refunds and Demat Credit: Jan. 24 Listing Date: Jan. 27 on BSE SME Lot Size and Investment: One lot =...
Key Details: IPO Opening Date: January 16, 2025 IPO Closing Date: January 20, 2025 Fundraising: Rs 199.45 crore Fresh Issue: 1,78,58,740 equity shares Offer for Sale (OFS): 43,02,656 equity shares by promoter Shazad Sheriar Rustomji Price and Lot Size: Price Band: Rs 85-90 per share Lot Size: 165 shares (min bid: Rs 14,850; max bid: Rs 1,93,050 for 13 lots) Grey Market...
The Laxmi Dental IPO is a book-built issue worth ₹698.06 crore, consisting of two parts: A fresh issue of 0.32 crore shares, totaling ₹138 crore. An offer for sale (OFS) of 1.31 crore shares, totaling ₹560.06 crore. Key Details: IPO Subscription Dates: Opens on January 13, 2025, and closes on January 15, 2025. Allotment Date: Expected to be finalized on January 16, 2025. Listing...
Quadrant Future Tek Limited’s IPO opened on January 7, 2025, and has already seen robust demand in the market. The IPO aims to raise ₹290 crore through a fully fresh issue, with a price band set at ₹275-₹290 per share. The subscription will remain open until January 9, 2025. Investor Response and Grey Market Buzz Anchor Investors: Before the public issue opened,...
The Initial Public Offering (IPO) of Standard Glass Lining Technology Ltd saw an overwhelming response, getting fully subscribed within minutes of its launch on Monday. As per NSE data, the IPO received bids for 6.70 crore shares against the 2.08 crore shares on offer, reflecting a subscription rate of 3.22 times. The Retail Individual Investors (RIIs) category was oversubscribed 4.47 times, while...
The IPO of Parmeshwar Metal, a copper wire and rod manufacturer, opened for subscription on January 2, 2025, and has seen strong interest in the grey market. The issue, worth ₹24.74 crore, is entirely a fresh issue of 4.05 million shares priced in the range of ₹57-₹61 per share, with a minimum lot size of 2,000 shares. Grey Market Premium (GMP) Update Sources indicate that Parmeshwar Metal’s...
InvestCraft Market Outlook 2025 By - Alok Kumar , Chief Financial Advisor , Investcraft Market Overview: 2025 is shaping up to be a year of opportunity for investors. After a correction of about 10% from its recent highs, the market is now at an important crossroads. As we discussed in our Diwali market view, the 23,500-24,000 level on the Nifty 50 index is a key support zone, and this level is...