Latest news with #BSEIPO
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Business Standard
19 hours ago
- Automotive
- Business Standard
BSE IPO index rallies 2%; Denta Water, Belrise, Hyundai Motor hit new highs
BSE IPO index rallied 2 per cent on the BSE in Tuesday's intra-day trade after a sharp surge in the recently listed companies. Denta Water and Infra Solutions, Belrise Industries, Hyundai Motor India, Brigade Hotel Ventures, JSW Cement and Smartworks Coworking Spaces have hit their respective new highs. These stocks have rallied in the range of 5 per cent to 16 per cent in intra-day trade today. At 02:26 PM, the BSE IPO index was up 1.6 per cent, as compared to a 0.42 per cent rise in the BSE Sensex. In the past week, the IPO index gained 3.5 per cent, as against a 0.83 per cent rise in the benchmark index. Why are newly listed stocks rising? Among the individual stocks, Denta Water and Infra Solutions have zoomed 16 per cent to ₹397 on the back of a six-fold jump in average trading volumes. A combined 8.05 million shares representing 30 per cent of the total equity of the company have changed hands on the NSE and BSE. Denta Water is a leading civil engineering contractor in the water infrastructure sector. The company has also selectively expanded into allied sectors such as railways and highways, in line with its long-term diversification and growth strategy. As of June 30, 2025, the company have an order book of ₹593.7 crore, providing multi-year revenue visibility. Shares of Belrise Industries have rallied 12 per cent to ₹156.25 on the back of heavy volumes. As many as 55.69 million shares representing 6.3 per cent of the total equity of the auto ancillary company have changed hands on the NSE and BSE. Currently, the stock is trading 74 per cent higher over its issue price of ₹90 per share. The company made its stock market debut on May 28, 2025. Shares of Hyundai Motor India hit a new high of ₹2,549, as they rallied 5 per cent in intra-day trade. In the past two trading days, the stock price of India's second-largest player in Passenger Vehicle (PV) has surged 14 per cent after the Prime Minister of India, in his Independence Day address, announced "next generation GST reforms", which will be rolled out by Diwali 2025. Currently, Hyundai Motor India is trading 30 per cent higher over its issue price of ₹1,960 per share. The company made its stock market debut on October 22, 2024. The stock has bounced back 65 per cent from its 52-week low of ₹1,542.95 touched on April 7, 2025. The government has proposed GST 2.0 reform, which aims to rationalise the current multi-slab structure into a simpler framework, with two main rates of 5 per cent and 18 per cent, and a higher 40 per cent slab for luxury and sin goods. If the base GST rate of 28 per cent gets revised to 18 per cent, this is positive for the entire sector (including the auto component supply chain) and is expected to drive demand across all segments (PV, 2-W, 3-W & CV). This shall lower the initial purchase price of vehicles for consumers in the range of ~5-10 per cent, according to analysts at ICICI Securities. Shares of Brigade Hotel Ventures have gained 7 per cent to ₹91.74 on the back of a five-fold jump in trading volumes. The stock has recovered 18 per cent from its recent low of ₹77.45 touched on August 6, 2025. The company made its stock market debut on July 31, 2025. Currently, the stock is trading 2 per cent above its issue price of ₹90.
India Today
29-07-2025
- Business
- India Today
Brigade Hotel Ventures IPO allotment: Step-by-step guide to check status
The share allotment for Brigade Hotel Ventures IPO is expected to be finalised on Tuesday, July 29, 2025. The public issue, which opened for subscription on July 24 and closed on July 28, received a decent response from investors across to stock exchange data, the IPO was subscribed 4.76 times overall. The retail investor portion was subscribed 6.83 times, while the Qualified Institutional Buyer (QIB) category was subscribed 5.74 times. The Non-Institutional Investor (NII) portion saw a 2.03 times subscription by the close of bidding on July who applied for shares can check their allotment status either on the Bombay Stock Exchange (BSE) website or through the portal of KFin Technologies Limited, the official registrar for this TO CHECK ALLOTMENT STATUS ON BSEGo to the BSE IPO allotment status "Equity" under the Issue "Brigade Hotel Ventures IPO" from the Issue Name your Application your PAN Card the captcha on "Search" to see your allotment KFIN TECHNOLOGIESVisit the IPO status section on KFin Technologies' official "Brigade Hotel Ventures IPO" from the a method to check your status: Application Number, Demat Account Number, or Application Type – ASBA or the details as the "Submit" to view your GMP AND EXPECTED LISTINGAs of July 29, 2025, the last updated Grey Market Premium (GMP) for Brigade Hotel Ventures IPO stands at Rs 0. Based on the price band of Rs 90, the estimated listing price is also Rs 90. This means there is currently no expected gain or loss per share on Hotel Ventures is expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The tentative listing date is Thursday, July 31, 2025.- Ends
India Today
30-05-2025
- Business
- India Today
Prostarm Info Systems IPO allotment: Step-by-step guide to check status
The allotment of shares for the Prostarm Info Systems initial public offering (IPO) will be finalised on Friday, May 30, following a strong response from investors during the three-day bidding window that ended on May 29. The public issue was subscribed nearly 100 times, showing high demand from all categories of Info Systems raised Rs 168 crore through a completely fresh issue of 1.60 crore equity shares. The IPO opened for subscription on May 27, 2025, and closed on May 29, price band for the IPO was fixed at Rs 105 per share. The minimum lot size for retail investors was 142 shares, requiring a minimum investment of Rs 13,490. However, most investors were advised to bid at the cut-off price to improve their chances of allotment, taking the application value to around Rs 14, small non-institutional investors (sNII), the minimum application size was 14 lots or 1,988 shares, amounting to Rs 2,08,740. For big non-institutional investors (bNII), the minimum was 68 lots or 9,656 shares, requiring an investment of Rs 10,13, STATUSThe Prostarm Info Systems IPO was subscribed 96.68 times in total. The qualified institutional buyers (QIB) category saw a strong response with 102.67 times subscription. The non-institutional investors (NII) category was subscribed 222.13 times, while the retail portion was subscribed 39.48 TO CHECK ALLOTMENT STATUSInvestors who applied for the IPO can check the allotment status online in two ways:Through BSE website:Go to the BSE IPO allotment status "Equity" as the issue "Prostarm Info Systems Limited" from the dropdown list under issue your application in your PAN the captcha as on "Search" to check your allotment KFin Technologies website:Visit the IPO status page on the KFin Technologies "Prostarm Info Systems Limited" from the your preferred method to check the status – Application Number, Demat Account Number, or PAN your application type (ASBA or Non-ASBA).Enter the required the on "Submit" to view your allotment AND EXPECTED LISTINGadvertisementThe grey market premium (GMP) has fallen in the past few trading sessions for the IPO. As of May 30, 2025, the last grey market premium (GMP) for Prostarm Info Systems IPO was Rs 20. Based on the upper price band of Rs 105 per share, the estimated listing price is Rs 125. This means investors can expect a listing gain of around 19.05% per share, if the GMP shares of Prostarm Info Systems are expected to list on both the BSE and NSE. The tentative listing date is Tuesday, June 3, who receive allotment will have their shares credited to their demat accounts before the listing date. Refunds for unallotted applications will also be processed shortly after the allotment is
Mint
21-05-2025
- Automotive
- Mint
Belrise Industries IPO subscribed 67% on Day 1; Check GMP, subscription status, other details
Belrise Industries IPO: Belrise Industries Limited's initial public offering (IPO) is a book-built issue offering investors a complete fresh issue of equity shares as the company aims to raise ₹ 2,150 crore from the Indian stock market. The autoparts manufacturer's initial public offering (IPO) opened for public issue on Wednesday, 21 May 2025 and is set to close on Friday, 23 May 2025. According to BSE IPO data, the stock market investors subscribed 67 per cent to the Belrise Industries IPO, coming in at a bid of 11,82,49,436 or more than 11.82 crore shares, out of the 17,70,58,824 shares on offer, as of the first date of public bidding. The Non-Institutional Investors (NII) segment witnessed the highest bidding on the first day as the investors subscribed 1.44 times the shares on offer. The NIIs bid for 5,44,94,812 or 5.44 crore shares, compared to the 3,79,41,177 shares on offer for the segment. Retail investors followed the NII cue, coming in at 48 per cent subscriptions at 4,26,38,594 equity shares, compared to the 8,85,29,412 shares on offer for the segment. The Qualified Institutional Buyers (QIBs) segment witnessed 42 per cent booking at 2,11,16,030 shares, compared to the 5,05,88,235 shares on offer. (This is a developing story. Please check back for updates.)
