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<ul><li>Three mainboard companies and six SMEs will begin their <keyword id="10012322" type="General" weightage="100" keywordseo="ipos-this-week" source="Orion">IPOs this week</keyword>.</li><li><keyword id="21372622" type="General" weightage="20" keywordseo="Premier-Energies" source="keywords" meta.keywordsubtype="org" meta.entityname="Premier Energies" meta.hostid="261" meta.entityid="Premier Energies">Premier Energies</keyword> is the biggest IPO that is scheduled to begin this week.</li><li>Here’s everything you need to know about the <keyword id="8964554" type="General" weightage="20" keywordseo="upcoming-ipos" source="Orion">upcoming IPOs</keyword> this week.</li></ul>Initial public offerings (IPOs) are gaining steam once again, with three mainboard companies and multiple small and medium enterprises (SMEs) looking to raise funds from the primary market. The three mainboard companies looking to raise funds from the primary market include Premier Energies, <keyword id="22920122" type="General" weightage="20" keywordseo="ECO-Mobility" source="keywords" meta.keywordsubtype="org" meta.entityname="ECO Mobility" meta.hostid="261" meta.entityid="ECO Mobility">ECO Mobility</keyword> and Bazaaar Style Retail. Apart from this, six SMEs will also launch their IPOs this week, with one SME IPO already underway. In this post, we look at the IPOs hitting Dalal Street this week: <h2>Premier Energies</h2>Premier Energies Limited, a Hyderabad-based manufacturer of solar cells and solar panels is the company looking to raise the highest funds this week. The company is looking to raise ₹2,830.4 crore, including a fresh issue of ₹1,291.40 crore and an offer for sale (OFS) component of ₹1,539 crore. The company’s IPO begins on August 27 and ends on August 29. <div type="Article" hostid="261" msid="112747268" title="Orient Technologies IPO allotment – How to check allotment, IPO GMP, listing date and more" mstype="2" mssubtype="0"></div> <h2>ECO Mobility</h2>Eco Mobility, a chauffeur-driven car rental service provider is looking to raise ₹601.20 crore from the market, all of which is an offer for sale and there is no fresh issue of shares. The IPO opens for subscription on August 28 and closes on August 30, 2024. The company offers chauffeur-driven cars and employee transportation services, focusing on corporates. <h2>Baazar Style Retail</h2>Baazar Style Retail Limited, a fashion retailer that operates in West Bengal and Odisha is looking to raise ₹834.68 crore from the primary market, which includes a fresh issue of ₹148 crore and an offer for sale component of ₹686.68 crore. The company’s IPO begins on August 30 and ends on September 3. <h2><keyword id="18638411" type="General" weightage="20" keywordseo="sme-ipos-this-week" source="Orion">SME IPOs this week</keyword></h2>A total of six SMEs are looking to raise funds from the primary market this week. The Indian Phosphate IPO is already underway, and three IPOs will begin on August 27, with one IPO to begin on August 28 and August 29 each. SMEs raising funds from the market include Aeron Composite, Vdeal Systems, Archit Nuwood Industries and more. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/govt-warns-about-fake-sms-warning-users-to-update-their-pan-what-it-is-and-how-to-stay-safe/articleshow/112795812.cms">Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe</a> <a href="https://www.businessinsider.in/stock-market/news/orient-technologies-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/112747268.cms">Orient Technologies IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/business/auto/webstories/2024-tvs-jupiter-vs-honda-activa-6g-which-110cc-scooter-should-you-buy/slidelist/112730069.cms">2024 TVS Jupiter vs Honda Activa 6G – which 110cc scooter should you buy?</a>

Upcoming IPOs to look out for this week – Premier Energies, ECO Mobility and more

<ul><li><keyword id="22929981" type="General" weightage="20" keywordseo="Resourceful-Automobile" source="Orion">Resourceful Automobile</keyword>, a <keyword id="22931365" type="General" weightage="20" keywordseo="Yamaha-dealership" source="keywords">Yamaha dealership</keyword> with two showrooms has received an amazing response for its SME IPO.</li><li>The company’s IPO has been subscribed over 400 times, receiving bids for over ₹4,700 crore.</li><li>Here’s everything you need to know about the <keyword id="22929982" type="General" weightage="20" keywordseo="Resourceful-Automobile-ipo" source="Orion">Resourceful Automobile IPO</keyword>.</li></ul>In a surprising turn of events, Resourceful Automobile, a company looking to raise funds through an SME IPO (small and medium enterprises) has received an amazing response, shocking everyone. The company, which operates two Yamaha bike showrooms in New Delhi was looking to raise ₹11.99 crore through an initial public offering (IPO). It ended up receiving applications worth over ₹4,760 crore as the IPO has been subscribed over 418 times. <div type="Article" hostid="261" msid="112798622" title="Upcoming IPOs to look out for this week – Premier Energies, ECO Mobility and more" mstype="2" mssubtype="0"></div> The company received bids for 40.76 crore shares against the offered 10.25 lakh shares. The company had set the share price at ₹117 per share with a lot size of 1,200 shares per application. The IPO is set to be listed on the BSE SME platform on August 29. <h2>Just eight employees</h2>Resourceful Automobile has just eight employees, three in legal and finance, two in sales, two in operations and one in human resources. A company that operates just two showrooms receiving such a response has resulted in mixed responses from social media, while some are talking about the expected returns, there have been calls for stricter regulation to protect the interests of retail investors. The company will use the funds raised to open new showrooms, repay debt and meet the working capital requirements. <h2>Analysts had asked to avoid the IPO</h2>Several analysts had recommended users not apply for the IPO as the company operates in a highly competitive segment of two-wheeler dealerships and has been inconsistent in its financial performance. For the year ending February 2024, the company reported a revenue of ₹17.23 crore with a profit of ₹1.52 crore. In March 2023, the company reported a revenue of 19.38 crore and a profit of just 41.5 lakh. <h2>Why did the IPO receive such a response?</h2>While its financials were not strong, one of the reasons for the robust subscription was the high expected return. The company is currently enjoying a grey market premium of ₹85 per share, which is around 73% of its share price. <h2>NSE tightens the norms for SME IPOs</h2>The NSE had already tightened the norms for SME IPOs earlier this month. Starting from September 2024, only companies with positive free cash flow to equity for at least two of the last three financial years will be allowed to list in the SME segment. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/telegram-comes-under-the-scanner-in-india-for-extortion-and-gambling-will-it-be-banned-in-india/articleshow/112807370.cms">Telegram comes under the scanner in India for extortion and gambling – will it be banned in India?</a> <a href="https://www.businessinsider.in/stock-market/webstories/premier-energies-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112803763.cms">Premier Energies IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/tech/news/govt-warns-about-fake-sms-warning-users-to-update-their-pan-what-it-is-and-how-to-stay-safe/articleshow/112795812.cms">Govt warns about fake SMS asking users to update their PAN – what it is and how to stay safe</a>

Delhi firm with just 8 employees seeks ₹12 crore via IPO, gets ₹4,700 crore worth of investor applications!

<ul><li>Four mainboard companies and five SMEs will begin their IPOs this week.</li><li><keyword id="21125964" type="General" weightage="20" keywordseo="Afcons-Infrastructure" source="keywords" meta.keywordsubtype="org" meta.entityname="Afcons Infrastructure" meta.hostid="261" meta.entityid="Afcons Infrastructure">Afcons Infrastructure</keyword> is the biggest <keyword id="19898327" type="General" weightage="20" keywordseo="IPO" source="keywords">IPO</keyword> that is scheduled to begin this week.</li><li>Here’s everything you need to know about the <keyword id="8964554" type="General" weightage="100" keywordseo="upcoming-ipos" source="Orion">upcoming IPOs</keyword> this week.</li></ul> Days after India’s biggest IPO, this week is set to see several companies hitting Dalal Street. Four mainboard companies and five small and medium enterprises (SMEs) are looking to raise funds from the primary market. The four mainboard companies looking to raise funds from the primary market include <keyword id="20668069" type="General" weightage="20" keywordseo="Waaree-Energies" source="keywords" meta.keywordsubtype="org" meta.entityname="Waaree Energies" meta.hostid="261" meta.entityid="Waaree Energies">Waaree Energies</keyword>, <keyword id="23568743" type="General" weightage="20" keywordseo="Deepak-Builders" source="keywords" meta.keywordsubtype="org" meta.entityname="Deepak Builders" meta.hostid="261" meta.entityid="Deepak Builders">Deepak Builders</keyword>, <keyword id="23198130" type="General" weightage="20" keywordseo="Godavari-Biorefineries" source="keywords" meta.keywordsubtype="org" meta.entityname="Godavari Biorefineries" meta.hostid="261" meta.entityid="Godavari Biorefineries">Godavari Biorefineries</keyword> and Afcons Infrastructure. Apart from this, five SMEs will also launch their IPOs this week. In this post, we look at the IPOs hitting Dalal Street this week: <h2>Waaree Energies</h2>The first mainboard IPO, Waaree Energies is already underway and will close on Wednesday, October 23. The company is looking to raise up to ₹4,321.44 crore from the market, including a fresh issue of ₹3,600 crore and an offer for sale (OFS) component of ₹721.44 crore. The company has set a price band of ₹1,427 to ₹1,503 per share. The company’s shares are currently commanding a grey market premium (GMP) of ₹1,510 per share. <h2>Deepak Builders &amp; Engineers</h2>Deepak Builders &amp; Engineers is next on the list, as the Delhi-based construction company looks to raise ₹260 crore from the primary market. The company’s IPO is already open and will close on Wednesday, October 23. The ₹260 crore IPO includes a fresh issue of ₹217.21 crore and an OFS component of ₹42.83 crore. Deepak Builders has fixed a price band of ₹192-₹203 per share for its public issue. The company’s shares are currently commanding a grey market premium (GMP) of ₹60 per share. <h2>Godavari Biorefineries</h2>Godavari Biorefineries, a manufacturer of ethanol-based chemicals is set to begin its IPO on October 23. The company is looking to raise up to ₹554.75 crore from the market, including a fresh issue of ₹325 crore and an offer for sale (OFS) component of ₹229.75 crore. The company has fixed a price band of ₹334-₹352 per share for its public issue. The company’s shares are currently not commanding any GMP. <h2>Afcons Infrastructure</h2>Afcons Infrastructure, an infrastructure engineering and construction company which is part of the Shapoorji Pallonji group is set to begin the biggest IPO of this week on October 25 and it will close on October 29. The company is looking to raise up to ₹5,430 crore from the market, including a fresh issue of ₹1,250 crore and an offer for sale (OFS) component of ₹4,180 crore. The company has fixed a price band of ₹440-₹463 per share for its public issue. The company’s shares are currently commanding a grey market premium (GMP) of ₹150 per share. <h2>SME IPOs this week</h2> Five SMEs are looking to raise funds from the primary market this week with one IPO already underway, three SME IPOs to begin on October 22 and one to begin on October 24. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/deepak-builders-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/114414116.cms">Deepak Builders IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/personal-finance/news/best-credit-cards-for-online-shopping-in-india/articleshow/114354358.cms">Best credit cards for online shopping this festive season</a> <a href="https://www.businessinsider.in/stock-market/news/bigger-they-are-harder-they-fall-a-look-at-how-the-countrys-biggest-ipos-have-fared/articleshow/114307997.cms">Bigger they are, harder they fall – A look at how the country’s biggest IPOs have fared</a>

Waaree Energies to Afcons Infrastructure, IPOs to look out for this week

Crayons Advertising IPO opens – Here are 10 things you need to know before you subscribe

<ul><li>Two <keyword id="22164915" type="General" weightage="20" keywordseo="mainboard-IPOs" source="keywords">mainboard IPOs</keyword> are scheduled in the last week of June 2024.</li><li>Two companies are looking to raise ₹1,671 crore from the primary market.</li><li>Here’s everything you need to know about the upcoming <keyword id="20020566" type="General" weightage="20" keywordseo="IPOs" source="keywords">IPOs</keyword> this week.</li></ul> Two new companies are set to enter the primary market with their initial public offering (IPO) scheduled this week. Apart from the two mainboard IPOs, eight small and medium enterprises (SME) are also looking to raise funds. <cmsannotation type="cmsannotation" annotationid="IPOs this week" comment="subhead" text="IPOs this week">IPOs this week</cmsannotation> <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue size </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Start date </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#000000;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">End date </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Allied Blenders </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,500 crore </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">25 June </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">27 June </td></tr><tr><td style="border-left:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vraj Iron and Steel </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹171 crore </td><td style="border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">26 June </td><td style="border-right:solid #000000 0.5008695000000001pt;border-bottom:solid #000000 0.5008695000000001pt;border-top:solid #000000 0.5008695000000001pt;vertical-align:bottom;padding:0pt 5pt 0pt 5pt;overflow:hidden;overflow-wrap:break-word;">28 June </td></tr></tbody><tbody></tbody></table> <cmsannotation type="cmsannotation" annotationid="Allied Blenders look to raise ₹1,500 crore" comment="subhead" text="Allied Blenders look to raise ₹1,500 crore"><keyword id="227693" type="General" weightage="20" keywordseo="Allied-Blenders" source="Orion">Allied Blenders</keyword> look to raise ₹1,500 crore</cmsannotation> Out of the two IPOs, Allied Blender is the major IPO. The Mumbai-based Indian-made foreign liquor (IMFL) company is in the market to raise ₹1,500 crore. Out of this, ₹1,000 crore is a fresh issue and ₹500 crore is an offer for sale (OFS) component. The <keyword id="12780703" type="General" weightage="20" keywordseo="Allied-Blenders-ipo" source="Orion">Allied Blenders IPO</keyword> will open on June 25 and end on June 27. The company’s shares are expected to be listed on July 2. <cmsannotation type="cmsannotation" annotationid="Vraj Iron and Steel" comment="subhead" text="Vraj Iron and Steel"><keyword id="22109980" type="General" weightage="20" keywordseo="Vraj-Iron-and-Steel" source="keywords" meta.keywordsubtype="org" meta.entityname="Vraj Iron and Steel" meta.hostid="261" meta.entityid="Vraj Iron and Steel">Vraj Iron and Steel</keyword></cmsannotation> Vraj Iron and Steel, a Raipur-based manufacturer of sponge iron, M.S. billets, and TMT bars is looking to raise ₹171 crore through its IPO. This is a completely fresh issue and there is no OFS component. The <keyword id="20038648" type="General" weightage="20" keywordseo="Vraj-Iron-and-Steel-ipo" source="Orion">Vraj Iron and Steel IPO</keyword> will open on June 26 and end on June 28. The company’s shares are expected to be listed on July 3. <cmsannotation type="cmsannotation" annotationid="SME IPOs this week" comment="subhead" text="SME IPOs this week">SME IPOs this week</cmsannotation> Apart from the two mainboard IPOs, eight SMEs are also planning on raising funds this week. The SMEs include Mason Infratech, Shivalic Power Control, Diensten Tech, Petro Carbon and Chemicals and more. SEE ALSO: <a href="https://www.businessinsider.in/sports/webstories/india-vs-australia-t20-world-cup-head-to-head-record-key-players-and-more/slidelist/111226804.cms">India vs Australia T20 World Cup – head-to-head record, key players and more</a> <a href="https://www.businessinsider.in/stock-market/news/dee-development-engineers-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/111221658.cms">DEE Development Engineers IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/business/auto/news/ola-electric-gets-sebi-approval-for-5500-crore-ipo/articleshow/111141404.cms">Ola Electric gets SEBI approval for ₹5,500 crore IPO</a>

IPOs this week – Allied Blenders and Vraj Iron and Steel look to raise ₹1,671 crore

<ul><li>Chaman Metallics is the first Small and medium enterprises (SME) IPO of the year and received an overwhelming response from investors.</li><li>The IPO will be listed on exchanges on January 16.</li><li>Shares of the company will be listed on the SME NSE platform. </li></ul>The IPO of Chaman Metallics was subscribed 197 times by investors, on Friday which is the last day of the offer. Chaman Metallics is the first Small and medium enterprises (SME) IPO of the year, and has received an overwhelming response from investors. The IPO received bids of ₹4,777 crore as against issue size of ₹24.2 crore. The issue price of the IPO is at ₹38 per share. The IPO will be listed on exchanges on January 16 on the NSE SME platform. NSE SME is the National Stock Exchange platform for small and medium enterprises. The companies can migrate to the mainboard of exchange after fulfilling certain conditions. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category of investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 1.0 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">255.81 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">195.85 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">197.31 times </td></tr></tbody></table>Mainboard IPO Sah Polymers which opened for investors this week along with Chaman Metallics, was subscribed by 17.46 times as on its last day. Chaman Metallics is primarily engaged in the business of manufacturing and selling of direct reduced iron (i.e. sponge iron). Sponge iron is mainly used as a raw material for making steel in electric arc furnaces and induction furnaces. It operates a manufacturing facility located in Chandrapur, Maharashtra with an installed production capacity of 72,000 metric tonnes. The company sells its products primarily in Maharashtra, Odisha and Chhattisgarh. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/foreign-institutional-investors-sell-shares-nearly-5000-crore-in-first-four-trading-days-of-2023/articleshow/96790974.cms">Foreign institutional investors sell nearly ₹5,000 crore worth equities in first four days of 2023</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/an-aai-and-two-college-dropouts-home-snacks-biz-sends-shark-tank-judges-into-a-bidding-war/articleshow/96784920.cms">An aai and two college dropouts’ home snacks biz sends Shark Tank judges into a bidding war</a>

Chaman Metallics, first SME IPO of 2023, subscribed 197x

<ul><li>Ducol Organics and Colours will open its initial public offering (IPO) on January 9 and will close on January 11, 2023.</li><li>The company’s ₹31.5 crore IPO is a complete fresh issue of 4.04 million shares, with no offer for sale (OFS) component.</li><li>The IPO will be listed on the NSE SME exchange.</li><li>The company’s net profit increased 74.7% to ₹4.91 crore in FY22, compared to the previous financial year. </li></ul>Ducol Organics and Colours, a chemical manufacturer based in Mumbai, has opened its initial public offering (IPO) today on January 9 and it will be live till January 11, 2023. The price of the IPO is set at ₹78 per share. The company’s ₹31.5 crore IPO is a complete fresh issue of 4.04 million shares, with no offer for sale (OFS) component. It will be listed on the NSE SME exchange. The shares of the company are currently commanding a grey market premium (GMP) of ₹8 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in an unofficial market before they are listed on the stock exchanges. Ducol Organics was established in 1994 and it manufactures and sells pigment dispersions, preparations, concentrates, paste colorants and master batches. It offers a range of pigment dispersions for various industries like paints, inks, textile, detergent, paper, rubber and plastics. Currently, the company operates two units in Taloja and a third manufacturing unit at Mahad, which is in the process of being established with trials currently being underway. Ducol Organics and Colours intends to use part of its net proceeds from the IPO to fund its working capital needs worth ₹23.77 crore while ₹6.93 crore will be used for general corporate purposes and ₹80 lakh for issue related expenses. The company’s net profit increased 74.7% to ₹4.91 crore in FY22, compared to the previous financial year. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue from operations </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">EBITDA margin </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹87.99 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.91 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.25% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹77.92 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2.81 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.45% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹73.17 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹0.07 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.38% </td></tr></tbody></table>Source: Red herring prospectus Key business risks In terms of risks, the company says that there are four tax-related proceedings outstanding against the company, with the amount involved being INR 47.85 lakh. On the other hand, no defaults have been called by any financial institution or bank in relation to borrowings from financial institutions or banks. In its red herring prospectus, the company also outlined that its top five clients accounted for 85.8% of its total revenues as of September, 2022. “While we are constantly striving to increase our customer base and reduce dependence on any customer, there is no assurance that we will be able to broaden our customer base in any future periods or that our business or results of operations will not be adversely affected by a reduction in demand or cessation of our relationship with any of our major customers,” said the company in its red herring prospectus. Additionally, the company noted that its customers generally do not enter into long-term contracts, which could impact its financial performance. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indias-credit-worthiness-to-be-stable-in-2023-but-upcoming-elections-could-keep-social-spending-elevated-moodys/articleshow/96851926.cms">India’s credit worthiness to be stable in 2023, but upcoming elections could keep social spending elevated: Moody’s</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/gautam-adani-aap-ki-adalat-interview-dhirubhai-ambani-is-my-role-model-mukesh-ambani-a-very-good-friend/articleshow/96828407.cms">Dhirubhai Ambani is my role model and Mukesh Ambani a very good friend, says Gautam Adani</a>

Ducol Organics and Colours IPO opens on Jan 9, price set at ₹78 a share

<ul><li><keyword id="15310463" type="General" weightage="20" keywordseo="DroneAcharya-Aerial-Innovations" source="Orion">DroneAcharya Aerial Innovations</keyword> looks to raise nearly ₹34 crore through fresh issue of shares.</li><li>The Pune-based company has set an IPO price band between ₹52-54 a share.</li><li>The shares of the company will be listed on BSE SME exchange.</li><li>The shares of the company are currently commanding a grey market premium, or GMP, of ₹25 per share.</li></ul>DroneAcharya Aerial Innovations, a drone start-up based out of Pune, will offer its shares for public subscription starting from December 13. The company looks to raise nearly ₹34 crore through a fresh issue of shares via an initial public offering (IPO). The <keyword id="15704914" type="General" weightage="20" keywordseo="DroneAcharya-AI-IPO" source="Orion">DroneAcharya AI IPO</keyword> price band is set between ₹52-54 a share. The offer will close on December 15. The shares of the company will be listed on BSE SME exchange. The shares of the company are currently commanding a grey market premium, or GMP, of ₹25 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in an unofficial market before they are listed on the stock exchanges. DroneAcharya Al provides a high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing of drone data using robust high configuration workstations, drone pilot training and specialized GIS training. The <keyword id="5559702" type="General" weightage="20" keywordseo="SME-IPO" source="Orion">SME IPO</keyword> lot size of the company is 2,000 shares and a retail individual investor can apply for up to 1 lot i.e up to ₹1.08 lakh. The company has been authorised by the Directorate General of Civil Aviation (DGCA) as a Remote Pilot Training Organisation (RPTO) to conduct drone training. Since March 2022, the company has trained more than 180 drone pilots. The net proceeds raised by the startup will be utilised to purchase and manufacture drones, sensors and processing infrastructure. Further, the company plans to open 12 new training centres by March 2023. It has also rolled out several concise and industry-relevant Drone and GIS courses. It aims to provide quality products and services across multiple domains such as agriculture, defence, energy, mining, infrastructure, oil and gas, smart cities, urban planning and water resources. DroneAcharya raised as much as $4.6 million in a pre-seed funding round that closed this May. The company has a workforce of 40 employees across various departments. Around 71.56% of the drone company’s revenues are derived from clients in Maharashtra. It informs investors in its draft prospectus that if it is unable to attract new students for its pilot training programme which may adversely affect its growth and cash flows. Among several risks, interest rate fluctuation may also adversely affect the company’s business. “The company may enter into certain borrowing arrangements to finance its capital requirements in the ordinary course of business for general working capital purposes. In the event interest rates increase, the company's costs of borrowing will increase, and its profitability and results of operations may be adversely affected,” said the company in the draft prospectus. The company, founded in 2017, started making revenues in FY21 with ₹1 lakh, which grew to ₹358 lakh in FY22. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total income </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit after tax </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹358.73 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹40.65 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹14.89 lakh </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">- </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹2.30 lakh </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/kama-holdings-valued-over-8000-crore-has-only-three-employees/slidelist/95998472.cms">Kama Holdings, valued over ₹8,000 crore, has only three employees</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/this-mumbai-startup-is-making-tearable-laundry-sheets-bamboo-based-facial-tissues-and-more-to-replace-plastic/articleshow/95946533.cms">This Mumbai startup is making tearable laundry sheets, bamboo-based facial tissues and more to replace plastic</a>

DroneAcharya AI IPO set to open next week on December 13; GMP at ₹25 per share

<ul><li>The IPO of the Pune-based drone startup has been subscribed 262 times on the last day.</li><li>DroneAcharya Aerial Innovations is looking to raise ₹34 crore through a fresh issue of shares.</li><li>The price band of the IPO has been set between ₹52-54 a share.</li><li>The shares of the company will be listed on BSE SME exchange.</li><li>Shares of the company are commanding a premium of ₹65 in the grey market.</li></ul>The IPO of DroneAcharya Aerial Innovations received an overwhelming investor interest, and was subscribed 262 times on its last day. The Pune-based drone startup’s IPO received strong demand from HNIs as well as retail investors, who subscribed for it 388 times and 330 times respectively. While the company is looking to raise nearly ₹34 crore through a fresh issue of shares via this IPO, it received bids to the tune of ₹6,016 crore. The price band of the IPO is set between ₹52-54 a share. The shares of the company will be listed on BSE SME exchange. The shares of the company are currently commanding a grey market premium, or GMP, of ₹65 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in an unofficial market before they are listed on the stock exchanges. Two other IPOs have been seeking bids with DroneAcharya. Landmark Cars, which opened on the same day as DroneAcharya, was subscribed 3.06 times on its last day, on Thursday. Sula Vineyards, which opened for subscription on Monday, has been subscribed by 2.33 times on Wednesday, which was its last day for receiving bids. DroneAcharya is backed by <a href="https://economictimes.indiatimes.com/markets/expert-view/etmarkets-management-talk-backed-by-bollywood-stars-ipo-bound-droneacharya-to-start-manufacturing-drones-soon/articleshow/96024791.cms">ace investor Shankar Sharma</a>, who has a minority stake in the company. The startup also went from raising a pre-seed funding of $4.6 million this May, directly to a public offer. DroneAcharya Al provides a high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing of drone data using robust high configuration workstations, drone pilot training and specialized GIS training. The SME IPO lot size of the company is 2,000 shares and a retail individual investor can apply for up to 1 lot i.e up to ₹1.08 lakh. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category of investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">46.21 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">388.72 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">330.81 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">262.03 times </td></tr></tbody><tbody></tbody></table> The company has been authorised by the Directorate General of Civil Aviation (DGCA) as a Remote Pilot Training Organisation (RPTO) to conduct drone training. Since March 2022, the company has trained more than 180 drone pilots. The net proceeds raised by the startup will be utilised to purchase and manufacture drones, sensors and processing infrastructure. Further, the company plans to open 12 new training centres by March 2023. It has also rolled out several concise and industry-relevant drone and GIS courses. It aims to provide quality products and services across multiple domains such as agriculture, defence, energy, mining, infrastructure, oil and gas, smart cities, urban planning and water resources. The company has a workforce of 40 employees across various departments. Around 71.56% of the drone company’s revenues are derived from clients in Maharashtra. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/tpg-to-acquire-adar-poonawalla-led-groups-housing-finance-arm-at-3900-crore-valuation/articleshow/96256578.cms">TPG to acquire Adar Poonawalla-led group’s housing finance arm at ₹3,900 crore valuation</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/yes-bank-shares-decline-after-rallying-26-in-five-days/articleshow/96226772.cms">Yes Bank shares tumble after rallying 26% in the last five days – analysts recommend caution</a>

DroneAcharya IPO subscribed 262x on last day as HNIs, retail investors lap it up

<ul><li>Rishabh Instruments is set to announce its share allotment status on Wednesday, September 6.</li><li>The shares of Rishabh Instruments were subscribed 31.65 times.</li><li>The shares are expected to be listed on the stock exchanges on September 11.</li></ul>Nashik-based Rishabh Instruments, a company engaged in the business of design, development and manufacturing of test and measuring instruments, is expected to announce the allotment status of its initial public offering (IPO) today, that is September 6. The <keyword id="15946288" type="General" weightage="20" keywordseo="rishabh-instruments-ipo" source="Orion">Rishabh Instruments IPO</keyword> opened on August 30 and closed on September 1. The price band for the IPO was ₹418 to ₹441 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On its last day, the Rishabh Instruments IPO was subscribed 31.65 times, receiving bids for 24.66 crore equity shares against 77.90 lakh shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 72.54 times, the non-institutional investors portion was subscribed 31.29 times. The retail portion also witnessed good participation and was subscribed 8.44 times. Grey market premium The shares of Rishabh Instruments are currently commanding a grey market premium (GMP) of ₹65 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="18666196" type="General" weightage="100" keywordseo="rishabh-instruments-ipo-allotment" source="Orion">Rishabh Instruments IPO allotment</keyword> status, visit the registrar’s website<a href="https://kosmic.kfintech.com/ipostatus/"> here</a>.</li><li>Click on ‘Company Selection’ and then select ‘Rishabh Instruments’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Click on ‘Search’.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Rishabh Instruments IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Rishabh Instruments’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="Rishabh Instruments listing date" comment="subhead" text="Rishabh Instruments listing date">Rishabh Instruments listing date</cmsannotation> The shares of Rishabh Instruments will be listed on the stock exchanges on September 11. SEE ALSO: <a href="https://www.businessinsider.in/tech/gadgets/news/apple-watch-series-9-launch-on-september-12-check-out-expectations-and-rumours/articleshow/103389279.cms">Apple Watch Series 9 launch on September 12 – expectations, rumours and all you need to know</a> <a href="https://www.businessinsider.in/business/auto/news/volvo-c40-recharge-with-530-km-range-launched-in-india-for-61-25-lakh/articleshow/103382328.cms">Volvo C40 Recharge with 530 km range launched in India for ₹61.25 lakh</a> <a href="https://www.businessinsider.in/stock-market/news/ppe-manufacturer-jiwanram-sheoduttrai-industries-gets-nse-sme-approval-for-its-sme-ipo/articleshow/103284123.cms">PPE manufacturer Jiwanram Sheoduttrai Industries gets NSE approval for its SME IPO</a>

Rishabh Instruments IPO allotment – how to check allotment, GMP, listing date and more

<ul><li>The IPO of Nashik-based winemaker has been subscribed 0.59 times on the second day of the subscription process. </li><li>Sula Vineyards plans to raise ₹960 crore through a complete offer for sale by promoters and shareholders. The company will not receive any funds from the IPO. </li><li>The price band of the IPO is ₹340-357 per share. </li><li>Shares of the company are commanding a premium of ₹30 in the grey market. </li></ul>The initial public offering of wine producer and seller Sula Vineyards has been subscribed by 0.59 times on the second day of the IPO subscription process. The Nashik-based wine maker’s IPO received decent demand from retail investors as this portion was almost fully subscribed by 0.99 times. However, the institutional investor interest has been tepid since QIB received no subscription at all while that of non-institutional investors did not change much since the first day. NIIs portion was subscribed by 0.45 times. Along with Sula, two IPOs are currently open for subscription. While Landmark Cars which opened its IPO for subscription on Tuesday was subscribed 17% on day 1, DroneAcharya which is an SME IPO saw massive demand and was subscribed almost 23 times on the very first day of its IPO subscription process. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category of investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.00 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.45 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.99 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.59 times </td></tr></tbody></table> Source: BSE Sula plans to raise ₹960 crore through a complete offer for sale The winemaker plans to raise ₹960 crore through a complete offer for sale by promoters and shareholders. The company will not receive any funds from the IPO. The shares of the company are currently commanding a grey market premium, or GMP, of ₹30 per share, which came down from ₹70 earlier. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in an unofficial market before they are listed on the stock exchanges. Sula Vineyards distributes wines under a bouquet of brands such as Sula, RASA, Dindori, The Source, Satori, Madera and Dia. Currently, it produces 56 different labels of wine at four owned and two leased production facilities located in Maharashtra and Karnataka. Its flagship facility is located in Nashik, Maharashtra. The company said in its draft red herring prospectus (DRHP) that it has consistently gained market share (on the basis of their total revenue from operations) from 33% in FY09 in 100% grapes wine category to 52.6% in FY21 in the Indian market. Its business is classified under two categories -- the production, distribution and import of wines and other from wine tourism venues, including vineyard resorts and tasting rooms. Presently, the majority of wine consumers are from the top urban centres with Mumbai, Bengaluru, Delhi NCR, Pune, and Hyderabad contributing more than 70% of the overall market. “Our strategy is to increase our focus on the under penetrated markets in major metros like Chennai and Kolkata, the tourist markets of Kerala, Rajasthan and Goa, and other tier-1 and 2 cities across India,” said Sula Vineyards in its DRHP. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/inflows-into-equity-mutual-funds-plunge-sharply-in-november-mfs-trim-holdings-in-icici-bank-hcl-tech-kotak-mahindra-bank/articleshow/96200043.cms">Inflows into equity mutual funds plunge sharply in November; MFs trim holdings in ICICI Bank, HCL Tech, Kotak Mahindra Bank</a> <a href="https://www.businessinsider.in/india/news/five-women-newsmakers-in-2022-in-india-droupadi-murmu-madhabi-puri-buch-samantha-ruth-prabhu-in-the-list/slidelist/96191677.cms">Droupadi Murmu, Madhabi Puri Buch, Samantha Ruth Prabhu and more: Five women newsmakers of 2022</a>

Sula Vineyards IPO subscribed 59% on day 2: QIB portion receives no bids

<ul><li><keyword id="12216872" type="General" weightage="20" keywordseo="Abans-Holdings" source="Orion">Abans Holdings</keyword> is likely to announce its share allotment status on December 20.</li><li>The IPO received decent demand from investors as the IPO was subscribed 1.10 times.</li><li>The shares of the company will be listed on December 23 on the stock exchanges.</li></ul>Mumbai-based financial services company Abans Holdings is likely to announce the allotment status of its initial public offering (IPO) on December 20. The IPO received decent demand from investors as the issue was subscribed 1.10 times. The qualified institutional buyer portion was subscribed the most at 4.10 times followed by non-institutional investors at 1.48 times. The portion reserved for retail was subscribed 0.40 times. One of the many reasons behind tepid subscription for the IPO was that several IPOs opened at the same time, like <a href="https://www.businessinsider.in/stock-market/news/sula-vineyards-to-open-ipo-next-week-from-dec-12-14-gmp-already-at-70-per-share/articleshow/96061238.cms">Sula Vineyards </a>and <a href="https://www.businessinsider.in/stock-market/news/three-ipos-set-to-raise-over-1800-crore-this-week/articleshow/96160133.cms">Landmark Cars </a>and other SME IPOs as well. Currently, shares of Abans Holdings are at a discount in the grey market as against premium of ₹20 per share earlier. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded</a> in the unofficial market before they are listed on the stock exchanges. The company has raised ₹345 crore through a fresh issue worth ₹102 crore, and an offer for sale by promoters and shareholders worth ₹243 crore. Abans Holdings intends to use proceeds from fresh issue to augment the capital base of the NBFC subsidiary (Abans Finance) to meet its future capital requirements, besides general corporate purposes. The company’s shares are scheduled to be listed on December 23 on the BSE and NSE. Here is how to check <keyword id="12216871" type="General" weightage="20" keywordseo="Abans-Holdings-IPO" source="Orion">Abans Holdings IPO</keyword> allotment status on the stock exchange websites: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website <a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp">here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Abans Holdings’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Bigshare Services) to check your application status. <ul><li>Visit the registrar's website <a href="https://ipo2.bigshareonline.com/IPO_Status.html">here</a>.</li><li>Click on 'Select company' and click on ‘Abans Holdings’.</li><li>Once the company is selected, you will have to enter either your PAN details, the application number, or the client ID.</li><li>Enter the captcha code and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/kfin-technologies-ipo-subscribed-55-on-day-1/articleshow/96348001.cms">KFin Technologies IPO subscribed 55% on day 1</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/average-debt-cost-for-top-eight-listed-realty-players-lowest-since-pandemic-says-anarock/articleshow/96345107.cms">Average debt cost for top eight listed realty players lowest since pandemic, says Anarock</a>

Abans Holdings IPO: Here is how to check the allotment status

<ul><li>Four initial public offerings (IPOs), namely, Sah Polymers, Rex Sealing and Packing Industries, SVS Ventures and Chaman Metallics are open for subscription this week.</li><li>The four IPOs are expected to collectively raise almost ₹110 crore.</li><li>Sah Polymers, a polymer manufacturer and packaging solutions provider, will be launched on the main board of the BSE and NSE.</li><li>Rex Sealing and Packing Industries, real estate developer SVS Ventures and steel producer Chaman Metallics will be listed on the small and medium enterprise (SME) indices.</li></ul> The first week of 2023 has kicked off with four initial public offerings (IPOs) that will either launch or are already open for subscriptions, carrying forward the momentum of the year before – when 38<a href="https://www.businessinsider.in/stock-market/news/best-and-worst-performing-ipos-of-2022-in-india/articleshow/96160391.cms"> companies launched their issues</a> despite volatile market conditions. While three IPOs – that of Sah Polymers, Rex Sealing and Packing Industries, and SVS Ventures – are currently open for investor subscription, that of Chaman Metallics will open on January 4. These four IPOs are expected to collectively raise almost ₹110 crore. Sah Polymers, a polymer manufacturer and packaging solutions provider, will list on the mainboard of the BSE and NSE. However, Rex Sealing, real estate developer SVS Ventures and steel producer Chaman Metallics will be listed on the small and medium enterprise (SME) indices. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Open date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Close date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO size </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sah Polymers </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dec 30, 2022 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Jan 4, 2023 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹66.3 crore </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Rex Sealing and Packing Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dec 30, 2022 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Jan 4, 2023 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹8.09 crore </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">SVS Ventures </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dec 30, 2022 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Jan 4, 2023 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹11.24 crore </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Chaman Metallics </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Jan 4, 2023 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Jan 6, 2023 </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹24.21 crore </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> <keyword id="13674457" type="General" weightage="20" keywordseo="Sah-Polymers-IPO" source="Orion">Sah Polymers IPO</keyword> to raise ₹66.3 crore Udaipur-based Sah Polymers opened its initial public offering (IPO) on December 30 and will close on January 4, 2023. The price band of the IPO is set at ₹61-65 per share. The company’s ₹66 crore IPO is a complete fresh issue of 10.2 million shares, with no offer for sale (OFS) component. The shares of the company are currently commanding a grey market premium (GMP) of ₹9 per share. <a href="https://www.businessinsider.in/stock-market/news/grey-market-premium-what-is-it-and-where-is-it-coming-from/articleshow/95454371.cms">GMP is the premium at which IPO shares are traded </a>in an unofficial market before they are listed on the stock exchanges. The company is primarily engaged in manufacturing and selling of polypropylene (PP) and high density polyethylene (HDPE) bulk bags (or FIBC bags), woven sacks, and HDPE/PP woven fabrics. Sah Polymers intends to use part of its net proceeds from the IPO to establish a new facility with an additional installed capacity of 3.96 billion tonnes per annum to manufacture different variants of FIBC products. Once set up, it will double the company’s total production capacity to 7.92 billion tonnes per annum. The company also intends to use a part of the proceeds to repay debt, fund working capital requirements and for other general corporate purposes. Rex Sealing IPO to be listed on SME exchange Rex Sealing opened its IPO last week and will close on January 4. The price of the IPO is set at ₹135 per share. The company plans to raise ₹8.09 crore through a fresh issue worth ₹4.05 crore, and an offer for sale by promoters and shareholders worth ₹4.04 crore. The IPO will be listed on the BSE SME exchange. The company intends to use proceeds from the fresh issue to fund working capital requirements and for general corporate purposes. The shares of the company are currently indicating a grey market discount of ₹5 per share. The company is a manufacturer and exporter of sealing packing and insulation products including jointing sheets, fabric expansion joints, and ceramic fibre products. Rex Sealing and Packing Industries is in the process of setting up an additional manufacturing facility at Ambernath, measuring 4,000 square metres for expansion of business and manufacture of all types of asbestos-free gasket sheets for automotive, steel and other processing units. SVS Ventures IPO to raise ₹11.24 crore The real estate developer also opened its IPO last week and will close on January 4. The price of the issue is set at ₹20 per share. The company plans to raise ₹11.24 crore through a complete fresh issue of shares. The IPO will be listed on the BSE SME exchange. The company intends to use proceeds from the fresh issue to fund working capital requirements and for general corporate purposes. The shares of the company are currently indicating a grey market discount of ₹5 per share. The company is in the business of construction and real estate development, focusing primarily on residential and commercial projects in and around Ahmedabad, Gujarat. The company’s business operations include development of real estate projects in the residential segment comprising apartment type complexes, villas, largely catering to the middle income and high income group. Its projects are marketed and sold under the brand name of "SVS Ventures (formerly known as Vijay &amp; co.) <keyword id="15944882" type="General" weightage="20" keywordseo="Chaman-Metallics-IPO" source="Orion">Chaman Metallics IPO</keyword> to open on January 4 Steel producer Chaman Metallics’ IPO will open on January 4 and close on January 6. The price of the issue is set at ₹38 per share. The company plans to raise ₹24.21 crore through a complete fresh issue of shares. The IPO will be listed on the NSE SME exchange. The company intends to use proceeds from the fresh issue to meet working capital requirements and for general corporate purposes. The shares of the company are currently commanding a grey market premium of ₹23 per share. Chaman Metallics is primarily engaged in the business of manufacturing and selling of direct reduced iron (i.e. sponge iron). Sponge iron is mainly used as a raw material for making steel in electric arc furnaces and induction furnaces. It operates a manufacturing facility located in Chandrapur, Maharashtra with an installed sponge iron production capacity of 72,000 metric tonnes. The company sells its products primarily in the states of Maharashtra, Odisha and Chhattisgarh. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/incred-capital-acquires-alternate-asset-advisory-firm-orowealth/articleshow/96678261.cms">InCred Capital acquires alternate asset advisory firm Orowealth</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/stock-picks-for-2023-lt-sbi-axis-bank-among-top-brokerage-picks-for-the-new-year/articleshow/96667625.cms">Stock picks for 2023: L&amp;T, SBI, Axis Bank among top brokerage picks for the new year</a>

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