Exciting news awaits as NTPC Green Energy gears up to file its Draft Red Herring Prospectus (DRHP) by July 2024, with plans for a listing by November 2024. This forthcoming Initial Public Offering (IPO) is poised to make significant waves in the market, offering a glimpse into the renewable energy sector's promising future.
NTPC Green Energy IPODetails
IPO Size: Approximated at a substantial ₹10,000 crore, signaling a robust offering poised to attract investor attention.
Parent Company: Backed by the reputable NTPC, a leading entity in the energy domain, NTPC Green Energy inherits a legacy of excellence and reliability.
Shareholder Quota: Anticipated inclusion of a shareholder quota in this IPO presents a unique opportunity for investors to secure their stake in the company’s growth trajectory.
Eligibility Requirement: Investors are encouraged to acquire at least 1 share of NTPC to qualify for participation in the shareholder quota allocation.
Stay tuned for further updates and detailed insights into NTPC Green Energy’s IPO journey. As we inch closer to the filing of the DRHP and eventual listing, anticipation builds for the unveiling of this landmark offering in the renewable energy landscape.
As the eagerly awaited Indegene IPO gears up for listing, investors are eager to check the allotment status and stay updated on other crucial details. Here's a comprehensive guide on how to check the Indegene IPO allotment status, along with insights into the grey market premium (GMP), listing date, and subscription figures.
Indegene IPO Allotment Status
Indegene Limited is expected to announce its share allotment status on Thursday, May 9. Investors can check the allotment status on the registrar’s website for updates on their application status.
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Subscription Figures
The Indegene IPO witnessed overwhelming demand during its subscription period, with the offering subscribed a remarkable 69.63 times. The qualified institutional buyer (QIB) portion saw a staggering subscription of 197.55 times, while the non-institutional investors portion was subscribed 54.63 times. Retail investors also participated actively, with the retail portion subscribed 7.58 times.
Grey Market Premium (GMP)
Shares of Indegene are currently commanding a grey market premium (GMP) of ₹260 per share. GMP reflects the premium at which IPO shares are traded in the unofficial market before their official listing on the stock exchanges.
Listing Date
The shares of Indegene are scheduled to be listed on the stock exchanges on May 13, marking an eagerly anticipated event for investors eagerly awaiting the trading debut of this Bengaluru-based company.
How to Check Allotment Status
Investors can check the allotment status of the Indegene IPO on the registrar’s website. Simply visit the designated portal and enter the required details, such as application number or PAN, to access the allotment status.
The Indegene IPO has surpassed all expectations, with remarkable subscription figures and an unprecedented Grey Market Premium (GMP) of ₹290. Dive into the details of this historic offering and its implications for investors.
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Unprecedented Subscription Figures
The Indegene IPO witnessed an overwhelming response from investors, with subscription figures reaching new heights:
Qualified Institutional Buyers (QIB): Oversubscribed by a staggering 192 times.
High Net Worth Individuals (HNI): Subscribed at a remarkable 54.6 times.
Retail Investors: Demonstrated strong interest with a subscription rate of 7.7 times.
Total Subscription: 70x
Tentative Allotment Matrix
The tentative allotment matrix provides insights into the allocation process:
B-HNI: 4 out of 49 applicants will receive 462 shares each.
S-HNI: 2 out of 81 applicants will be allotted 462 shares each.
Retail Investors: 4 out of 23 applicants will receive 33 shares each.
The Grey Market Premium (GMP) for the Indegene IPO has surged to an all-time high of ₹290, reflecting investor confidence and market optimism.
Conclusion
The Indegene IPO has set new benchmarks in the primary market, with unprecedented subscription figures and a record-breaking Grey Market Premium. As investors eagerly await the listing date, the success of this offering serves as a testament to the confidence and enthusiasm of market participants.
The Indegene IPO has taken the primary market by storm, breaking the Lok Sabha election jinx and receiving a strong response from investors across segments. With the subscription status soaring and the grey market premium on the rise, let's delve into the key details shaping this groundbreaking IPO.
Indegene IPO Subscription Status
By the third day of bidding, the public issue had been oversubscribed 10.99 times, showcasing significant investor appetite. The retail portion was subscribed 5.19 times, while the NII portion saw an impressive subscription of 31.06 times. The QIB portion was booked 6.13 times, reflecting strong institutional interest.
Important Indegene IPO Details
Grey Market Premium (GMP): Shares of Indegene Ltd are commanding a premium of ₹260 in the grey market, indicating robust demand and investor confidence.
Price Band: The IPO has a fixed price band of ₹430 to ₹452 per share, offering investors a clear valuation range for their investment decisions.
IPO Date: The book build issue opened on Monday, with bidding set to close today evening, highlighting the short window for investors to participate.
IPO Size: With a well-structured combination of fresh shares and OFS, Indegene aims to raise a substantial amount of ₹1841.76 crore. The issuance of fresh shares worth ₹760 crore underscores the company’s growth plans, while the ₹1081.76 crore reserved for OFS provides existing shareholders an exit opportunity.
Implications for Investors
The strong response to the Indegene IPO reflects investor confidence in the company’s prospects and growth trajectory. The strategic financial structure of the IPO, balancing fresh issuance with OFS, demonstrates Indegene’s thoughtful approach to its public offering.
Conclusion
As the Indegene IPO draws to a close, it leaves a significant mark on the primary market, setting new benchmarks for investor enthusiasm and demand. With a compelling subscription status, robust grey market premium, and well-structured offering, Indegene emerges as a frontrunner in the IPO race. Investors keen on participating in this game-changing IPO should act swiftly to seize the opportunity before bidding closes. Stay tuned for further updates on the listing and performance of the Indegene IPO as it unfolds in the coming days.
This week's IPO market is buzzing with excitement as nine IPOs, including three Main Board IPOs and six SME IPOs, are set to close. Let's dive into the demand dynamics and investment opportunities for the highly anticipated Indegene, TBO Tek, and Aadhar Housing Finance IPOs.
Current IPO Landscape
Indegene IPO: Priced at ₹452, Indegene has garnered significant attention with a GMP (Grey Market Premium) of ₹266, translating to a 59% premium. The strong demand underscores investor confidence in this offering.
Aadhar Housing IPO: With an IPO price of ₹315 and a GMP of ₹55, Aadhar Housing Finance is also witnessing robust demand, reflecting a 17.5% premium.
TBO Tek IPO: Priced at ₹920, TBO Tek has captured investor interest with a GMP of ₹520, indicating a substantial 57% premium.
Investment Strategy
Considering the rock-solid demand for Indegene, TBO Tek, and Aadhar Housing Finance IPOs, deploying funds strategically is crucial for maximizing investment returns. Investors can consider reallocating funds from Indegene to TBO Tek and Aadhar Housing Finance IPOs to capitalize on the strong demand and potential premium gains.
The IPO market is witnessing heightened activity this week, with strong demand observed for several offerings, including Indegene, TBO Tek, and Aadhar Housing Finance. Investors can leverage this opportunity to participate in these sought-after IPOs and potentially capitalize on premium gains. Stay tuned for further updates on the closing and listing of these IPOs as the market continues to evolve.
Get all the essential details about Slone Infosystems SME IPO, including issue size, price band, grey market premium, and expected listing price. Make informed investment decisions with this comprehensive guide.
Slone Infosystems IPO Structure and Dates:
Parameter
Details
Issue Type
Fixed Price Issue IPO
Fresh Issue
₹11.06 crores
Subscription Dates
May 3, 2024, to May 7, 2024
Allotment Date
Wednesday, May 8, 2024
Listing Date
Friday, May 10, 2024
Price
₹79 per share
Lot Size
1600 Shares
Key Performance Indicator
Key Performance Indicator
Values
ROE (Return on Equity)
74%
ROCE (Return on Capital Employed)
34.44%
Debt/Equity
0.33
RoNW (Return on Net Worth)
23.98%
Issue Size: Slone Infosystems aims to raise approximately Rs 11 crore through its SME IPO, signaling the company’s growth ambitions and expansion plans. Price Band: The price band for the Slone Infosystems SME IPO is set at Rs 79.00 per share, offering investors a chance to acquire stakes in the company at an attractive valuation. Grey Market Premium (GMP): The latest GMP for Slone Infosystems SME IPO stands at an impressive Rs 67, indicating strong investor interest and anticipation of a robust listing. Expected Listing Price: Based on the price band and current GMP, the estimated listing price for Slone Infosystems SME IPO is projected to be Rs 146 per share, reflecting a potential gain of 84.81% for investors. Issue Details: Investors can subscribe to the Slone Infosystems SME IPO until May 7, with shares expected to be listed on the NSE SME platform. Retail investors are subject to a minimum subscription amount of Rs 81,500. Company Overview: Slone Infosystems is a dynamic player in the IT industry, offering a range of innovative solutions and services to clients across various sectors. With a track record of excellence and a focus on customer satisfaction, the company is poised for growth and success in the market. Investment Potential: The Slone Infosystems SME IPO presents investors with an opportunity to invest in a promising company with strong growth prospects. With the demand for IT services on the rise, Slone Infosystems is well-positioned to capitalize on emerging opportunities and deliver value to its stakeholders. Risk Factors: Like any investment opportunity, the Slone Infosystems SME IPO comes with its set of risks and challenges. Investors should carefully evaluate the company’s business model, competitive landscape, and market dynamics before making an investment decision. Expert Analysis: Stay updated with daily GMP trends and expert insights to gauge investor sentiment and market dynamics. With comprehensive analysis and timely updates, investors can make informed decisions and optimize their investment strategies.
Silkflex Polymers IPO is a fixed price issue of Rs 18.11 crores. The issue is entirely a fresh issue of 34.82 lakh shares.
Silkflex Polymers IPO opens for subscription on May 7, 2024 and closes on May 10, 2024. The allotment for the Silkflex Polymers IPO is expected to be finalized on Monday, May 13, 2024. Silkflex Polymers IPO will list on NSE SME with tentative listing date fixed as Wednesday, May 15, 2024.
Silkflex Polymers IPO price is ₹52 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹104,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹208,000.
Silkflex Polymers IPO Details
Issue Type:
Fixed Price Issue IPO
Listing Exchange:
NSE SME
Minimum Lot Size:
2000 Shares
Total Issue Size:
3,482,000 shares
Reservation
Investor Category
Shares Offered
Retail
50% of the Net Issue
Other
50% of the Net Issue
IPO Timeline (Tentative Schedule)
IPO Open Date:
May 7, 2024
IPO Close Date:
May 10, 2024
Allotment Date:
May 13, 2024
Listing Date:
May 15, 2024
Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
2000
₹104,000
Retail (Max)
1
2000
₹104,000
HNI (Min)
2
4000
₹208,000
Promoter Holding
Promoters
Share Holding Pre Issue
Share Holding Post Issue
Mr. Tushar Lalit Kumar Sanghavi, Ms. Urmi Raj Mehta, M/s. Tushar Lalitkumar Sanghavi HUF, M/s. Lalitbhai H Sanghvi HUF
99.84%
69.89%
Company Profile
Incorporated:
May 13, 2016
Products Offered:
Textile printing inks and water-based wood coating polymers
Registered Office:
West Bengal
Branch Offices:
Gujarat, Maharashtra, Tamil Nadu, Rajasthan, Punjab
Financials
Period Ended
31 Dec 2023
31 Mar 2023
31 Mar 2022
31 Mar 2021
Assets
₹3,446.35 Lakhs
₹2,374.73 Lakhs
₹1,968.81 Lakhs
₹1,314.06 Lakhs
Revenue
₹3,381.55 Lakhs
₹3,442.25 Lakhs
₹2,804.52 Lakhs
₹2,096.07 Lakhs
Profit After Tax
₹256.66 Lakhs
₹78.59 Lakhs
₹68.59 Lakhs
₹45.35 Lakhs
Net Worth
₹1,073.28 Lakhs
₹816.62 Lakhs
₹738.03 Lakhs
₹513.51 Lakhs
Total Borrowing
₹1,716.18 Lakhs
₹1,208.31 Lakhs
₹994.50 Lakhs
₹612.81 Lakhs
Key Performance Indicators
KPI
Values
ROE
23.91%
ROCE
41.04%
Debt/Equity
1.6
RoNW
23.91%
P/BV
3.94
PAT Margin (%)
7.67
Objectives of the Issue
The net proceeds from the IPO will be allocated towards acquiring land, funding capital expenditure for plant and machinery, fulfilling working capital requirements, and general corporate purposes.
Founded in 2014, TGIF Agribusiness Limited, previously known as ARV Farmpro LLP, is active in the open field cultivation of fruit and vegetable varieties.
The company is engaged in the cultivation of pomegranates, dragon fruit and timber plantations, i.e. sagwan trees. The company also grows and harvests seasonal vegetables and fruits such as lemons, watermelons and chilies.
The company’s farmlands are located in Ajari, Kasindra and Kojra in Rajasthan and cover an area of over 110 acres. The land has been leased from Niraj Chhaganraj Gemawat (promoter), Rachna Gemawat (promoter), Niraj Chhaganraj Gemawat HUF and Vipin Moharir.
The company sells most of its products through a B2B business model to retailers, wholesalers, retail chains, hypermarkets and mandis. The company also plans to sell its products directly to customers through a B2C model called Direct2home Service.
As of November 30, 2023, the company employed around 8 people at various levels.
Incorporated in 2011, Energy-Mission Machineries (India) Limited specializes in designing and manufacturing various metal forming machines for industrial metal fabrication. Its precision machines find applications in automotive, steel, furniture, HVAC, agriculture, construction, elevators, and food processing industries, among others. The company exports its products globally.
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Energy Mission Machineries IPO Details
IPO Date
May 9, 2024 to May 13, 2024
Listing Date
[.] (to be updated)
Face Value
₹10 per share
Price Band
₹131 to ₹138 per share
Lot Size
1000 Shares
Total Issue Size
2,982,000 shares (amounting up to ₹41.15 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Shareholding Pre-issue
8,344,500
Shareholding Post-issue
11,326,500
Market Maker portion
150,000 shares
Energy Mission Machineries IPO Reservation
Investor Category
Shares Offered
QIB
Not More than 50% of the Net Issue
Retail
Not Less than 35% of the Net Issue
NII (HNI)
Not Less than 15% of the Net Issue
Energy Mission Machineries IPO Timeline (Tentative Schedule)
IPO Open Date
Thursday, May 9, 2024
IPO Close Date
Monday, May 13, 2024
Basis of Allotment
Tuesday, May 14, 2024
Initiation of Refunds
Wednesday, May 15, 2024
Credit of Shares to Demat
Wednesday, May 15, 2024
Listing Date
Thursday, May 16, 2024
Cut-off time for UPI mandate confirmation
5 PM on May 13, 2024
Energy Mission Machineries IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
1000
₹138,000
Retail (Max)
1
1000
₹138,000
HNI (Min)
2
2,000
₹276,000
Energy Mission Machineries IPO Promoter Holding
The company’s promoters include Satishkumar Kanjibhai Parmar, Dineshkumar Shankarlal Chaudhary, Sanjay Shantukumar Khankar, Ashokkumar Ramjibhai Panchal, and Snehal Narendra Mehta.
Share Holding Pre-issue: 100%
Share Holding Post-issue: [to be updated]
Energy-Mission Machineries (India) Limited Financial Information (Restated)
Period Ended
31 Aug 2023
31 Mar 2023
31 Mar 2022
31 Mar 2021
Assets
9,042.31
8,258.65
7,382.45
6,575.72
Revenue
4,947.77
10,066.12
7,906.57
4,834.07
Profit After Tax
466.29
790.01
336.17
95.33
Net Worth
2,819.31
2,353.02
1,563.01
1,226.84
Reserves and Surplus
1,984.86
2,074.87
1,284.86
948.69
Total Borrowing
2,421.27
2,187.82
2,457.23
2,228.59
Key Performance Indicator
As of August 31, 2023, the market capitalization of Energy Mission Machineries IPO stands at Rs 156.31 Cr.
KPI
Values
ROE
18.03%
ROCE
14.25%
Debt/Equity
0.86
RoNW
16.54%
P/BV
4.08
PAT Margin (%)
9.46
Objects of the Issue (Energy Mission Machineries IPO Objectives)
The proceeds from the net issue will be utilized for:
Funding capital expenditure towards civil construction work at the existing manufacturing unit located at Sanand, District Ahmedabad, Gujarat
Funding capital expenditure for the installation of new plant & machinery
The Grey Market Premium (GMP) for Sai Swami Metals & Alloys SME IPO has been showing an upward trend, indicating strong potential for listing gains. As of the latest update on May 1st, 2024, the GMP stands at ₹45. With the IPO price band set at ₹60.00, the estimated listing price is projected to be ₹105, reflecting a potential gain of 75%.
Day-wise GMP Trend
Date
IPO Price
GMP
Sub2 Sauda Rate
Estimated Listing Price
Last Updated
01-05-2024
₹60.00
₹45
₹68400
₹105 (75%)
1-May-2024 19:00
30-04-2024
₹60.00
₹45
₹68400
₹105 (75%)
30-Apr-2024 00:31
29-04-2024
₹60.00
₹24
₹36500
₹84 (40%)
29-Apr-2024 00:31
28-04-2024
₹60.00
₹20
₹30400
₹80 (33.33%)
28-Apr-2024 00:27
27-04-2024
₹60.00
₹14
₹21300
₹74 (23.33%)
27-Apr-2024 00:30
26-04-2024
₹60.00
₹0
—
₹60 (0%)
26-Apr-2024 00:27
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) reflects the price at which an IPO is traded unofficially prior to its listing. It provides insights into how the IPO might perform on its listing day. A positive GMP suggests potential listing gains, while a negative GMP indicates a likely discount.
Important IPO Dates
SME IPO Open Date: 30-04-2024
SME IPO Close Date: 03-05-2024
Basis of Allotment Finalization Date: 06-05-2024
Refunds Initiation Date: 07-05-2024
Credit of Shares to Demat Account: 07-05-2024
SME IPO Listing Date: 08-05-2024
Disclaimer: Investing decisions should not solely rely on IPO GMP. Consider all factors before investing. Grey market activities can be highly volatile and risky.
Finelistings Technologies IPO presents an exciting opportunity for investors, offering a fixed price issue of 11 lakh shares, entirely comprising fresh shares. While the specific IPO dates and price bands are yet to be announced, Fedex Securities Pvt Ltd serves as the esteemed book running lead manager, ensuring a smooth process, while Skyline Financial Services Private Ltd is entrusted with registrar duties for the issue.
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Finelistings Technologies IPO Details
This forthcoming IPO promises to reshape the landscape, poised to captivate market attention with its ambitious plans. Here are the key details:
Parameter
Details
IPO Date
To be announced
Listing Date
[.]
Face Value
₹10 per share
Price
[.] per share
Total Issue Size
1,100,000 shares
(aggregating up to ₹[.] Cr)
Fresh Issue
1,100,000 shares
(aggregating up to ₹[.] Cr)
Issue Type
Fixed Price Issue IPO
Listing At
BSE SME
Finelistings Technologies IPO Reservation
Inclusivity is at the heart of this IPO, with provisions made to accommodate various investor categories:
Investor Category
Shares Offered
Retail
50% of the net offer
Other
50% of the net offer
About Finelistings Technologies Limited
Founded in 2018, Finelistings Technologies Limited embodies innovation and versatility, operating in two core sectors:
Retail of Used Luxury Cars: This arm of the company prides itself on delivering sophistication and class to discerning customers. Offering premium and high-end luxury vehicles, accompanied by after-sales services and repairs, Finelistings Technologies sets the standard for excellence. The establishment of the first Finecars showroom at Ambience Mall, Vasant Kunj, NCR, in August 2022 marked the beginning of a transformative journey in luxury car retailing.
Software Development Services: A beacon of technological prowess, Finelistings Technologies offers a comprehensive suite of cloud-based and IT consulting services. From big data analytics to IoT solutions, the company is at the forefront of digital innovation, empowering businesses to thrive in the modern landscape.
As of October 31, 2023, the company boasted a dynamic team of 5 employees, each dedicated to driving excellence and pushing boundaries.
Finelistings Technologies Limited Financial Information
The financial trajectory of Finelistings Technologies Limited is nothing short of impressive, with notable increases in revenue and profit after tax observed between March 2022 and March 2023. As of July 31, 2023, the company boasts robust key performance indicators, including a ROE of 25.94% and a PAT Margin of 16.57%.
Objects of the Issue
The IPO proceeds will be strategically allocated to fuel growth and innovation, with a focus on:
Purchase of Software: Investing in cutting-edge technology to drive operational efficiency and competitiveness.
Meeting Working Capital Requirements: Ensuring liquidity and agility to navigate dynamic market conditions.
General Corporate Purposes: Supporting ongoing initiatives and facilitating future expansion endeavors.
