The issue, which was sold from February 15 to February 17, had received a solid 166.65 times retail bids.
Analysts say the kitchen appliance maker’s brand value, margins and return on capital are lower compared with those of its peers.
Antony Waste Handling Cell shares would list on the stock exchanges on January 1.
RailTel received 23,79,717 applications for shares, the second best for a Railway IPO since IRFC’s 25,51,325.
Indigo Paints IPO, which was sold from January 20 to January 22 in the Rs 1,488-1,490 price band, saw the retail portion receiving 15.93 times bids.
The IRFC IPO drew strong response from investors last week as it was oversubscribed several times with retail and high net-worth individuals driving the interest.
The basis of allotment for Mrs Bectors IPO is likely on Tuesday, as per the IPO prospectus, while the refund process would be initiated on Wednesday.
Analysts were upbeat on Burger King IPO, as they feel the issue had left enough on the table for investors.
Burger King India became the top 3 most subscribed IPOs this year, along with Happiest Minds Technologies and Mazagon Dock Shipbuilders.
The IPO of the Gujarat-based crop protection chemicals manufacturer is being offered at 22.67 times its trailing 12-month earnings per share (EPS).
Analysts said RailTel is a debt-free company and pays consistent dividends and, thus, could witness some traction. But there are a few red flags for long-term investors.
At the upper price band, Nureca IPO is priced at pre-issue PE of 46.91 times its FY20 EPS of Rs 8.53.
Heranba is one of the leading domestic producers of pyrethroids with a 19.6 per cent market share. Pyrethroids accounted for 68 per cent of the company's revenues in FY20.
Burger King was the fourth mainboard IPO this year, which saw over 100 per cent subscription levels.
As per the IPO prospectus, the basis of allotment for the Gland Pharma IPO is likely on Tuesday while the refund process would be initiated on Wednesday. The credit of shares to demat account will be done on Thursday and a stock listing is likely by Friday.
Shares of Indigo Paints now trade at a premium of Rs 800 in the grey market compared with an earlier high of about Rs 900 apiece.
The corporate and retain individuals' portion was fully subscribed by the end of the second day.
The unofficial market for unlisted shares is already reflecting bullish sentiment, with the premium on the stock staying at 107 per cent at Rs 365 on Friday.
The issue, which was sold bwtween September 21 to 23 in the price band of Rs 1,229-1,230, saw non institutional investor (NII) quota getting subscribed 111 times.
Ahead of the opening of the IPO, Antony Waste Handling Cell had raised Rs 90 crore from 10 anchor investors.
The basis of allotment for the Equitas SFB IPO would now be finalised on Tuesday while the refund process would be initiated on Wednesday. The credit of shares to demat account will be done on Thursday and a stock listing is likely by Saturday.
The basis for Happiest Minds' share allotment is likely to be finalised on Tuesday. The issue, which was sold from September 7 to September 9 in the price band of Rs 165-166 was subscribed 151 times.
At the issue price, the stock would trade at 25.4 times FY20 earnings and 5.25 per cent of June quarter average assets under management, demanding a Rs 7,024 crore market-cap
Angel Broking IPO was subscribed 3.94 times. You can now check the allotment status.
HNIs flocked to the issue, and the portion reserved for them was subscribed nearly 679 times, while that reserved for retail investors was filled in nearly 35.63 times.
By 5:00 pm, the issue received bids for 808.9 million shares, which was 64.8 per cent of the total issue size of 1,247.5 million shares. Ahead of the IPO, IRFC said on Saturday that it had raised Rs 1,398.63 crore from 31 anchor investors. The issue will close for subscription on January 20.
Mrs Bectors IPO comprises an offer for sale (OFS) of Rs 500 crore and a fresh issue of Rs 40.50 crore.
The issue turned out to be a blockbuster with the qualified institutional buyers (QIBs) portion getting subscribed 89.76 times, non-institutional investor portion 192.81 times and retail individual investors quote 12.67 times.
The quota for retail investors was filled in 6.83 times, while that for employees’ quota received 9.46 times bids. The portion reserved for high net worth individuals (HNIs) was subscribed 1.37 times, while that for qualified institutional buyers (QIB) was filled in only 2 per cent.
Prabudas Lilldaher recommends investors to subscribe to the IPO from a near-term perspective.
Sagar Shah of Ascent Wealth Advisors pegs Mazagon's grey market premium at Rs 109. At these premium levels, the stock is expected to list at a premium of up to 79.31 per cent.
Antony Waste Handling Cell has now come out with a Rs 300 crore IPO in the price band of Rs 313- Rs 315 per equity share, and the issue will close on December 23.
The quota for retail investors in RailTel IPO is fixed at 35 per cent of the net offer.
The quota for retail investors in Heranba Industries IPO is fixed at 35 per cent of the net offer. QIB quota is fixed at 50 per cent, while the NII at 15 per cent.
Anand Rathi feels that even as the company has underperformed its larger industry peers in recent past, the IPO is priced relatively at a discount of about 30 per cent at the upper price band compared to its industry peers.
The offer was priced at a range of Rs 305-306 a share. The proceeds of the offer would be utilised for meeting working capital requirements and for general corporate purposes.
SBI Cards is expected to get listed early next week.
As per data available with NSE, the issue was able to attract bids for 2,00,94,459 shares, which was 1.46 times the issue size of 1,37,70,491 shares. The issue was subscribed 77 per cent by the end of Day 1 of the bidding process.
The broking firm had on Monday raised Rs 180 crore by allotting 58.82 lakh shares to 12 anchor investors.
"The company’s emphasis on providing clients with services through technological platforms has enabled it to rationalise the cost incurred and offer simplified and competitive pricing to clients along with value-added services," said Anand Rathi.
Traders said the scrip is trading at a Rs 5-8 discount to issue price in the grey market.
On Friday, the company raised Rs 95.40 crore through allotment of 28.06 lakh shares to anchor investors at Rs 340 per share.
The company intends to use the proceeds on rolling out of new company-owned Burger King restaurants and repayment or prepayment of outstanding borrowings.
The issue received bids for 2,15,44,407 shares, compared to the total issue size of 2,73,50,957 shares. The issue was subscribed 27 per cent at the end of Day 1.
Traders said the scrip is trading at a Rs 65-67 premium in the grey market.
The drugmarker will likely announce the name of anchor investors by the end of Friday.
Mazagon Dock Shipbuilders IPO will remain open for subscription from September 29-October 1.
The bank has raised Rs 140 crore from anchor investors by the way of allocating 4.23 crore equity shares at the price of Rs 33 per equity share, which is also the upper band of the IPO price.
According to the company, SBI Card IPO saw record 8.52 lakh applications on the first day.
The simultaneous listing in Hong Kong and Shanghai of the Chinese financial technology giant, backed by e-commerce behemoth Alibaba, would beat the previous largest IPO, Saudi Aramco's $29.4 billion float last December.
The firm is India’s largest manufacturer of specialised chemicals, such as Hexamethyldisilazane / Hexamethyldisilane (HMDS) and Chloromethyl Isopropyl Carbonate (CMIC), which are predominantly used in the pharmaceuticals industry.
NSE Investments would be selling 1,82,46,600 shares through the issue, following a February 4 Sebi directive to NSE to exit the company completely.
Grey market premiums of new issues see big surge; Happiest Minds offer fully subscribed in 2 hours
The listing could be the world's largest initial public offering, surpassing the record set by Saudi Aramco's $29.4 billion float last December. The IPO would also be the first simultaneous listing in Hong Kong and on the year-old STAR Market in Shanghai.
The company will be selling 1,96,72,130 shares through the issue in order to raise Rs 601.96 crore from the primary market.
The IPO saw an overall 165.68 times subscription by end of third and final day of the bidding process.
The issue attracted bids for 8,47,12,49,000, which was 93 per cent of the issue size of 9,09,97,66,899 shares. For an FPO to sail through, a minimum of 90 per cent of the issue needs to be subscribed.
SBI Cards is likely to fix the issue price at Rs 755, the upper limit of IPO price band.
The agreement mentions that the member, on the other hand, agrees to be satisfied by the genuineness and financial soundness of the client and making the client aware of broker’s liability for the business to be conducted.
Take a look at top stocks and sectors that kept investors glued to their seats the whole week.
Sebi has reduced the listing timeline to six days from 12 days, shortening the wait for investors in IPOs as part of streamlining.
Investors bade for 61,85,74,495 shares, or 35.66x, the issue size on BSE. On NSE, 49,83,41,025 shares were bid for, accounting for 28.73x the issue size.
The issue received bids for 6,80,27,645 shares, which were 3.92 times the total issue size of 1,73,46,150 shares, data available with stock exchanges BSE and NSE showed.
A flood of new issues is expected to hit the market in the coming months. Here’s how you can make the most of this opportunity.
The gas distributor on Monday had successfully allotted 7,348,350 equity shares to 25 anchor investors at Rs 421 per share, aggregating to Rs. 309.30 crore.
"Shareholders can look at yield from dividend as well as improvement in valuation as we grow rapidly."
The bullish frenzy on Dalal Street is rubbing off on stock prices of companies that are not yet listed. L&T Infotech, BSE, and RBL Bank among others.
Sebi has asked the stock exchanges to take action against such brokers and in case of repeated offence, stringent action can be taken by the stock exchanges against those brokers.
The new rules, effective from yesterday, would apply to every individual and company declared as wilful defaulter as per the Reserve Bank norms.
Regulator Sebi is considering a proposal to allow the companies to sell shares through an all-electronic Initial Public Offer.
The bank can go ahead with the IPO only “after the show-cause notice is discharged,” said a person familiar with the matter.
There are cases of investors not having got the shares allotted to them or the refund money even 10 days after the stock listed. FMs who shaped India's economy
The spectacular share sale of the world's largest coal miner ahead of Diwali added glitter and spark to the government's fund-raising plans.
Despite unclear spectrum road map, there's no risk to our expansion plan: Vsevolod Rozanov, CEO, SSTL
SSTL president and CEO Vsevolod Rozanov said his management has asked the promoters and investors to keep their funding plans on hold until there is clarity on the regulatory and policy framework.
In a bid to speed up the resolution of pending investor complaints relating to initial public offerings (IPOs), SEBI has written to merchant bankers, seeking an update of the status of such complaints since 1991.
SEBI withdrew a letter directing Pipavav Shipyard, which completed its IPO, to provide investors an exit option. Top 10 IPOs on D-St | Invest in IPO based on fundamentals
The Securities and Exchange Board of India (Sebi)-appointed primary market advisory committee (PMAC).
Proposed IPO, which was deferred last year, may take place in the second quarter of next fiscal if the process is initiated.
Securities and Exchange Board of India chairman CB Bhave lambasted merchant bankers and promoters for being “greedy”, while speaking at an IPO seminar.
Coal India Ltd (CIL) has seen an estimated two-fold jump in profit to Rs 10,616 crore in 2009-10, Coal Minister Sriprakash Jaiswal said today.
The Bombay HC on Tuesday ordered an interim stay on a directive from the environment ministry to Lavasa Corporation to stop construction at a township project near Pune.
Nifty50 on Friday took out the 13,250 level for the first time, and ended up forming a bullish candle on the both daily and weekly charts. The index formed higher highs and lows for the fifth session in a row, signalling a bullish bias. It needs to hold above 13,100 level to witness a bounce towards 13,400 level, said Chandan Taparia of Motilal Oswal Securities
The Nifty50 closed below its crucial support level of 8,800. If the index fails to sustain above the 8,750 level, further correction cannot be ruled out.
Here is a list of top stocks that are likely to be in focus in today's trading session.
Other factors leading to such declaration by banks include assets not being purchased as per the financing conditions or proceedings being misutilised.
Market regulator SEBI has changed the minimum subscription requirements for companies in the infrastructure sector coming out with initial public offerings.
If you are reading this, chances are the Sensex and the Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.
Sebi asked the banks, authorised to accept ASBA forms wherein bid amount for public offer shares remain in investors' accounts till allotment, at all their branches by the end of 2012.
We have always prided ourselves for setting the highest standards of business ethics, wrote Premji. World Bank bans 7 Indian cos | Pics: CID search at PWC office
"In May 2019, Prime Minister Modi received a massive mandate to form the government again."
World Bank had made a disclosure nearly four months ago that Wipro was ineligible to work with the international lending institution. Wipro office and software premises
World Bank had made a disclosure nearly four months ago that Wipro was ineligible to work with the international lending institution.
Coal Ministry has approached the Department of Disinvestment for determining the value of Coal India's shares ahead of the PSU's proposed disinvestment.
Regulators mostly tend to miss the daily, routine pain of the consumer. And if at all any action does come, it takes long for the spirit of the change to filter down.
Sushil K Maroo, Deputy MD, Jindal Power Ltd. and Director, Jindal Steel & Power in an interview with ET Now talks about the coal blocks allocated by government and plans of coal mine acquistions abroad.
A rebound in primary market issues, particularly in initial public offerings of equities, was the most significant development in the securities markets of 2004.