Latest news with #BSESME
Economic Times
2 days ago
- Business
- Economic Times
Patel Chem Specialities IPO to open on July 25, price band set at Rs 82 to Rs 84 per equity share
Patel Chem Specialities' ₹58.8 crore IPO opens on July 25 and closes on July 29. Proceeds will fund a new plant, corporate needs, and expansion. Listing is set for August 1 on BSE SME. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads IPO proceeds use About Patel Chem Specialities Patel Chem Specialities will open its Initial Public Offering (IPO) on Friday, July 25. The issue comprises a fresh offer of 70,00,000 equity shares with a face value of ₹10 each. The total issue size is ₹58.80 crore at the upper price band, with the price band set at ₹82 to ₹84 per share. The market lot is 1,600 equity anchor portion will open and close on July 24. The issue will close on July 29. The expected allotment date and credit to demat accounts is on or before July 31. The listing date is August 1 and will be listed on BSE Read | The Wealth Company receives Sebi approval to commence mutual fund business The share allocation for Qualified Institutional Buyers (QIB, including Anchor) is 33,16,800 shares, for Non-Institutional Investors (NII) is 9,98,400 shares, for Retail Individual Investors is 23,31,200 shares and for market maker is 3,53,600 lead managers are Cumulative Capital Private Limited and Unistone Capital Private Limited. The registrar to the issue is MUFG Intime India Private Limited (formerly Link Intime India Private Limited).The utilization of net proceeds will be for funding capital expenditure requirement of our company, to set up plant at Indrad, Mahesana for manufacturing Croscarmellose Sodium, Sodium Starch Glycolate – Corn Starch Base & Potato Starch Base and Calcium Carboxymethylcellulose (CMC), for general corporate purposes, and for issue-related expenses."The IPO proceeds will fuel our strategic expansion and strengthen our presence in both domestic and international markets. With a growing portfolio of pharmaceutical excipients and exports to over 15 countries, we are committed to timely and customized delivery through our advanced facilities in Vatva and Talod. The upcoming facility at Indrad, Mehsana will help us meet rising demand for key products like CCS, SSG, and Calcium CMC, and support our focus on innovation and customer-driven solutions," said Bhupesh Patel, Managing Director of Patel Chem Specialities."We are proud to partner with Patel Chem Specialities Limited for their IPO journey. The company's strong foundation in pharmaceutical excipients, backed by a seasoned leadership team and robust export footprint, positions it well for sustainable growth in a global market that's increasingly leaning on reliable, high-quality ingredients. This offering marks an important milestone not just for the company, but for investors seeking value in a rapidly evolving pharmaceutical ecosystem. With the upcoming facility in Indrad, their scale and innovation potential are set to expand meaningfully," said Swapnilsagar Vithalani, Co-founder and Director, Cumulative Capital Read | NFO Insight: Capitalmind Mutual Fund's flexi cap fund opens for subscription. Will it help to manage current market volatility? Established in 2008, Patel Chem Specialities Limited is a leading manufacturer of cellulose- and starch-based pharmaceutical excipients and is known for its commitment to global quality standards, according to a press company's products are integral to drug formulation processes and comply with global quality benchmarks. With a dedicated in-house R&D facility and an experienced technical team, the company offers customized, cost-effective, and innovative specialty chemical solutions across diverse of FY25, the company has an installed production capacity of 7,200 MT per year, with a capacity utilization rate of 89%.In FY25, the company reported a strong performance with Operating Revenue of Rs 105.09 crore, EBITDA of Rs 15.27 crore with Net Profit of Rs 10.57 crore.
Time of India
2 days ago
- Business
- Time of India
Patel Chem Specialities IPO to open on July 25, price band set at Rs 82 to Rs 84 per equity share
Patel Chem Specialities will open its Initial Public Offering (IPO) on Friday, July 25. The issue comprises a fresh offer of 70,00,000 equity shares with a face value of ₹10 each. The total issue size is ₹58.80 crore at the upper price band, with the price band set at ₹82 to ₹84 per share. The market lot is 1,600 equity shares. The anchor portion will open and close on July 24. The issue will close on July 29. The expected allotment date and credit to demat accounts is on or before July 31. The listing date is August 1 and will be listed on BSE SME. Explore courses from Top Institutes in Select a Course Category Digital Marketing Data Analytics Artificial Intelligence Data Science Cybersecurity MBA Leadership Design Thinking CXO MCA Management Public Policy Technology Degree healthcare Project Management Product Management Healthcare others Others Data Science Finance PGDM Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Morocco: Unsold Sofas Prices May Surprise You (Prices May Surprise You) Sofas | Search Ads Search Now Also Read | The Wealth Company receives Sebi approval to commence mutual fund business The share allocation for Qualified Institutional Buyers (QIB, including Anchor) is 33,16,800 shares, for Non-Institutional Investors (NII) is 9,98,400 shares, for Retail Individual Investors is 23,31,200 shares and for market maker is 3,53,600 shares. The lead managers are Cumulative Capital Private Limited and Unistone Capital Private Limited. The registrar to the issue is MUFG Intime India Private Limited (formerly Link Intime India Private Limited). Live Events IPO proceeds use The utilization of net proceeds will be for funding capital expenditure requirement of our company, to set up plant at Indrad, Mahesana for manufacturing Croscarmellose Sodium, Sodium Starch Glycolate – Corn Starch Base & Potato Starch Base and Calcium Carboxymethylcellulose (CMC), for general corporate purposes, and for issue-related expenses. "The IPO proceeds will fuel our strategic expansion and strengthen our presence in both domestic and international markets. With a growing portfolio of pharmaceutical excipients and exports to over 15 countries, we are committed to timely and customized delivery through our advanced facilities in Vatva and Talod. The upcoming facility at Indrad, Mehsana will help us meet rising demand for key products like CCS, SSG, and Calcium CMC, and support our focus on innovation and customer-driven solutions," said Bhupesh Patel, Managing Director of Patel Chem Specialities. "We are proud to partner with Patel Chem Specialities Limited for their IPO journey. The company's strong foundation in pharmaceutical excipients, backed by a seasoned leadership team and robust export footprint, positions it well for sustainable growth in a global market that's increasingly leaning on reliable, high-quality ingredients. This offering marks an important milestone not just for the company, but for investors seeking value in a rapidly evolving pharmaceutical ecosystem. With the upcoming facility in Indrad, their scale and innovation potential are set to expand meaningfully," said Swapnilsagar Vithalani, Co-founder and Director, Cumulative Capital Private. Also Read | NFO Insight: Capitalmind Mutual Fund's flexi cap fund opens for subscription. Will it help to manage current market volatility? About Patel Chem Specialities Established in 2008, Patel Chem Specialities Limited is a leading manufacturer of cellulose- and starch-based pharmaceutical excipients and is known for its commitment to global quality standards, according to a press release. The company's products are integral to drug formulation processes and comply with global quality benchmarks. With a dedicated in-house R&D facility and an experienced technical team, the company offers customized, cost-effective, and innovative specialty chemical solutions across diverse applications. As of FY25, the company has an installed production capacity of 7,200 MT per year, with a capacity utilization rate of 89%. In FY25, the company reported a strong performance with Operating Revenue of Rs 105.09 crore, EBITDA of Rs 15.27 crore with Net Profit of Rs 10.57 crore.
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Last day! Monika Alcobev IPO closes today; check latest subscription, GMP
Monika Alcobev IPO Day 3 update, subscription status: Three-day subscription window to bid for the initial public offering (IPO) of liquor sector player Monika Alcobev is set to conclude today, July 18. The public offering has so far received favourable demand from investors, getting oversubscribed by 1.51 times by the end of the second day of subscription. The demand among the individual categories was driven by the non-institutional investors (NIIs), who oversubscribed the category reserved for them by 2.95 times. This was followed by the qualified institutional buyers (QIBs), who bid 1.09 times. However, the response from retail investors remains sluggish, as they are yet to fully subscribe to their category. They have booked 87 per cent of their reserved quota. Monika Alcobev IPO key details Monika Alcobev IPO is a book building issue consisting of both fresh as well as offer for sale of equity shares. The SME offering consists of a fresh issue of 4.8 million equity shares worth ₹137.03 crore and an OFS through which shareholders are divesting up to 1 million shares worth nearly ₹28.60 crore. The public issue is available at a price band of ₹271–286 per share and a lot size of 400 shares. Investors can bid for a minimum of 2 lots or 800 shares of Monika Alcobev IPO with an investment amount of ₹2,28,800. Monika Alcobev, in its red herring prospectus (RHP), has said that it will not receive any proceeds from the OFS, as it will be given to shareholders divesting their stakes through the public issue. The company, however, said that it will use the proceeds from the fresh issue of the public offering for repayment and prepayment of certain outstanding borrowings, as well as to fund the working capital requirements. The company will further use the proceeds for general corporate purposes. MUFG Intime India serves as the registrar for the public issue, while Marwadi Chandarana Intermediaries serves as the sole book-running lead manager. Monika Alcobev IPO grey market premium (GMP) today The unlisted shares of Monika Alcobev continue to command a decent premium in the grey market on the final day of subscription. Sources tracking unofficial market activity revealed that the unlisted shares of Monika Alcobev were trading at around ₹296 apiece, indicating a grey market premium (GMP) of ₹10 or 3.50 per cent over the upper end of the issue price of ₹286. Monika Alcobev IPO timeline As the public issue closes for subscription today, the basis for allotment of Monika Alcobev IPO shares is likely to get finalised on Monday, July 21. The successful allottees will receive the company's shares into their demat account tentatively by July 22. Monika Alcobev shares are scheduled to list on the BSE SME, tentatively on July 23. About Monika Alcobev Incorporated in 2015, Monika Alcobev is an imported liquor sector player, offering a diverse portfolio of premium and luxury alcoholic beverages (Source: Technopak Report). Our company specialises in importing, sales, distribution, and marketing of luxury spirits, wines, and liqueurs throughout India and the Indian Subcontinent, including Travel Retail Duty Free Shops. It provides a complete supply chain solution through its robust distribution network. The company holds exclusive selling rights to more than 70 renowned global brands for India and the Indian Subcontinent and is responsible for their strategic brand development and market expansion.
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
NIIs drive demand for Monika Alcobev IPO; grey market premium at 3.5%
Monika Alcobev IPO subscription status: Non-institutional investors (NIIs) were driving the demand for the initial public offering (IPO) of workspace solutions provider Monika Alcobev, on the second day of its subscription period. The public issue has received bids for 56,78,800 shares against 41,80,800 on offer, resulting in an oversubscription of 1.36 times till 12:25 PM on July 17, showed the NSE data. Among the individual categories, NIIs bid the highest, oversubscribing the category reserved for them by 2.81 times. This was followed by the qualified institutional buyers (QIBs), who bid 1.09 times. However, the response from the retail investors remains sluggish, as they are yet to fully subscribe to their category. They have booked 57 per cent of their reserved quota. Monika Alcobev IPO details The public offering comprises a fresh issue of 4.8 million equity shares worth ₹137.03 crore and an offer for sale (OFS) through which shareholders are divesting up to 1 million shares worth approximately ₹28.60 crore. Monika Alcobev IPO is being offered at a price band of ₹271-286 per share and a lot size of 400 shares. Investors can bid for a minimum of 2 lots or 800 shares of Monika Alcobev IPO with an investment amount of ₹2,28,800. Monika Alcobev will not receive any proceeds from the OFS, which will be given to shareholders divesting their stakes through the public issue. The company proposes to utilise the proceeds from the fresh issue for repayment and prepayment of certain outstanding borrowings, as well as to fund the working capital requirements. The company will further use the proceeds for general corporate purposes. For the public issue, the company has appointed MUFG Intime India (earlier Link Intime) as registrar, while Marwadi Chandarana Intermediaries serves as the book-running lead manager. Monika Alcobev IPO grey market premium (GMP) today The unlisted shares of Monika Alcobev were commanding a decent premium in the grey market on Thursday. Sources tracking unofficial market activity revealed that the unlisted shares of Monika Alcobev were trading at around ₹296 apiece, indicating a grey market premium (GMP) of ₹10 or 3.50 per cent over the upper end of the issue price of ₹286. Monika Alcobev IPO allotment date, listing date The public issue will remain available for subscription till Friday, July 18. Following that, the basis for allotment of company shares is set to be finalised on Monday, July 21. The company's shares will be credited into demat accounts tentatively on July 22. Shares of Monika Alcobev are slated to list on the BSE SME tentatively on July 23. About Monika Alcobev Incorporated in 2015, Monika Alcobev imports and distributes luxury alcoholic beverages in India and the Indian Subcontinent. The company offers over 70 premium brands, including Jose Cuervo and Bushmills. Monika Alcobev operates in several countries, including India, Nepal, and Sri Lanka, serving various sectors. The company has bonded warehouses, ensuring efficient supply chain management. The company boasts an experienced management team with significant industry expertise.
Economic Times
3 days ago
- Business
- Economic Times
Monika Alcobev IPO subscribed 1.32x on Day 2 so far; Check GMP, and other details
The BSE SME IPO of Monika Alcobev, a luxury alcohol importer and distributor, has seen moderate investor response, with the issue subscribed 1.32 times as of 11:01 AM on July 17. The public offering, which opened on July 16, will close on July 18. ADVERTISEMENT As per the latest update, investors placed bids for 55.21 lakh shares, exceeding the 41.80 lakh shares on offer. The non-institutional investor (NII) segment has shown the strongest interest, with 2.79 times subscription for their reserved quota of 12.24 lakh shares. Meanwhile, retail investors have subscribed to 50% of their allocation (18.81 lakh shares), and qualified institutional buyers (QIBs) have subscribed 1.09 times their share. In the grey market—an unofficial trading venue for IPO shares ahead of listing—Monika Alcobev was seen quoting Rs 10 premium over the issue price. Based on the upper end of the IPO price band at Rs 286, this translates to a potential listing gain of around 3.5%, assuming current market sentiment holds. Monika Alcobev aims to raise Rs 165.63 crore through a combination of fresh issue and offer for sale (OFS) in its IPO. The company's shares are expected to debut on the BSE SME platform on July just one day left for bidding, investor traction in the retail and QIB segments will be critical in determining final subscription levels and listing-day sentiment. Monika Alcobev IPO comprises a fresh issue of 47.91 lakh shares worth Rs 137.03 crore, and OFS of 10 lakh shares aggregating Rs 28.60 crore by existing shareholders. ADVERTISEMENT The price band is set at Rs 271–286 per share, and investors can bid in lots of 400 shares, translating to a minimum investment of Rs 2.16 lakh for retail applicants. So far, there is no visible grey market premium (GMP) for the issue, indicating muted pre-listing excitement among informal Alcobev has already raised Rs 46.06 crore from anchor investors, including institutional players, on July 15. ADVERTISEMENT Also read: PNC Infratech shares rise 5% after emerging as lowest Bidder for NHPC solar power project MUFG Intime India is the registrar, while Marwadi Chandarana Intermediaries is the lead manager for this BSE SME offer. Bhansali Value Creations is the market maker for the issue. ADVERTISEMENT Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is serving as the book-running lead manager for the Monika Alcobev IPO, with MUFG Intime India Private Limited (Link Intime) appointed as the registrar for the in 2015, Monika Alcobev is a prominent importer and distributor of premium and luxury alcoholic beverages in India and neighbouring markets. Its portfolio features over 70 international brands, including names like Jose Cuervo, Bushmills, and Onegin Vodka. ADVERTISEMENT The company operates across India, Sri Lanka, Nepal, the Maldives, and Bangladesh, serving hotels, restaurants, retail outlets, and airport duty-free segments. It boasts a wide distribution network and employs 191 people as of March 2025. Monika Alcobev reported a 25% jump in revenue and a 39% rise in net profit in FY25, with EBITDA growing to Rs 46.19 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
