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Business Standard
17 hours ago
- Business
- Business Standard
Monolithisch India IPO opens on June 12: Here's all you need to know
Monolithisch India IPO: The initial public offering (IPO) of Monolithisch India will open for subscription on Thursday, June 12, 2025. The West Bengal-based company aims to raise ₹82.02 crore through a fresh issue of 5.73 million equity shares. There is no offer for sale (OFS) component. The company has reserved not more than 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs). Here are the key details of Monolithisch India IPO: Monolithisch India IPO price band, lot size The company has set the price band for Monolithisch India IPO in the range of ₹134-143 per equity share. The minimum lot size for an application is 1,000 shares. A retail investor would require a minimum investment amount of ₹1,35,000 to bid for one lot. The minimum investment required for high-net-worth individuals (HNIs) is ₹2,86,000 for two lots. Monolithisch India IPO key dates The three-day subscription window will tentatively close on Monday, June 16, 2025. The basis of allotment will be finalised on or before Tuesday, June 17, 2025, according to the red herring prospectus (RHP). Shares of Monolithisch India are expected to be listed on the NSE SME platform on Thursday, June 19, 2025. Monolithisch India IPO registrar, lead manager Kfin Technologies is the registrar of the issue. Hem Securities is the sole book-running lead manager for the issue. Monolithisch India IPO objective According to the red herring prospectus (RHP), the company plans to use ₹16.57 crore from the net issue proceeds to set up a manufacturing facility by purchase of land, building of factory shed, civil work and installation of additional plant and machinery. In addition, it will invest ₹27.89 crore in its subsidairy Metalurgica India for financing its capital expenditure towards purchase of land, building of factory shed, civil work and installation of additional plant and machinery, and ₹20 crore to meet working capital requirements. The remaining funds will be used for general corporate purposes. About Monolithisch India Monolithisch India is engaged in manufacturing and supply of specialised ramming mass used as a heat insulation/lining matter by its customers as a refractory consumable for Induction furnaces installed in iron/steel and foundry plants. The company also does trading of its products on occasional basis to meet the excess and urgent requirement by the customers. The major customers of the company are iron and steel producers located in Eastern parts of India, majorly in West Bengal, Jharkhand & Odisha. The manufacturing facility of the company is located in Purulia, West Bengal. Monolithisch India financial snapshot In the financial year 2024-25 (FY25), the company reported revenue from operations of ₹97.34 crore, up 41 per cent from 68.88 crore in the previous financial year. The company's earnings before interest, tax, depreciation and amortisation came in at ₹21.06 crore in FY25 compared to 12.95 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹14.48 crore, up around 70 per cent from 8.51 crore in the FY24.
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Business Standard
5 days ago
- Business
- Business Standard
Ganga Bath Fittings IPO opens on June 4; check price band, GMP, key dates
Ganga Bath Fittings IPO: Ganga Bath Fittings, a bathroom accessories manufacturer, is set to launch its initial public offering (IPO) on June 4, 2025. The ₹35.65-crore issue comprises a fresh issue of 6.66 million shares. There is no offer for sale (OFS) component. According to the red herring prospectus (RHP), not less than 49.45 per cent of the issue will be reserved for non-institutional investors (NIIs), 49.45 for retail investors, and the remaining 1.10 per cent for qualified institutional buyers (QIBs). Ganga Bath Fittings IPO price band, lot size Ganga Bath Fittings has set the price band for its IPO in the range of ₹46 to ₹49 per equity share. The minimum lot size for an application is 3,000 shares. A retail investor would require a minimum investment amount of ₹1,38,000 to bid for one lot. The minimum lot size investment for high net-worth individuals (HNIs) is 2 lots (6,000 shares) amounting to ₹2,94,000. Ganga Bath Fittings IPO key dates According to the RHP, the three-day subscription window will tentatively close on Friday, June 6, 2025. The basis of the allotment of shares is likely to be finalised on Monday, June 9, 2025. Shares of Ganga Bath Fittings will be listed on the NSE SME platform tentatively on Wednesday, June 11, 2025. Ganga Bath Fittings IPO registrar, lead manager Kfin Technologies is the registrar of the issue. Jawa Capital Services is the sole book-running lead manager. Ganga Bath Fittings IPO objective According to the red herring prospectus (RHP), the company aims to utilise ₹20.13 crore from the net issue proceeds to purchase equipment or machinery, ₹5.32 crore for repayment or prepayment of certain borrowings availed by the company, and ₹2.70 crore for working capital requirements. The remaining funds will be used for general corporate purposes. Ganga Bath Fittings IPO GMP The unlisted shares of Ganga Bath Fittings were trading flat at ₹49, the upper price band as of 1 PM on Monday, according to sources tracking unofficial market activities. About Ganga Bath Fittings Incorporated in 2018, Ganga Bath Fittings is engaged in manufacturing and supplying bathroom accessories including but not limited to bath fittings items such as CP taps and their parts, showers, bath accessories, Sanitary wear, ABS Showers, ABS Health faucet, ABS Taps, ABS Accessories, PTMT Taps, Door Handles, Bathroom Vanities, Bathroom Sinks, SS Showers, Shower Drains, SS Channel Drainer etc. It also manufactures customised components based on customer specifications. The company has a network of over 2,500 distributors across India. Ganga Bath Fittings financial overview In the nine-month period ended December 31, 2024, the company posted a total revenue of ₹32.3 crore and PAT of ₹4.52 crore. In the financial year 2023-24 (FY24), Ganga Bath reported a total revenue of ₹32.01 crore, up 4.3 per cent from ₹30.68 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹2.47 crore in FY24.
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Business Standard
30-05-2025
- Business
- Business Standard
Astonea Labs IPO allotment today; check latest GMP, steps to verify status
Astonea Labs IPO allotment status: The basis of allotment of shares for Astonea Labs is expected to be finalised today, Friday, May 30, 2025. The initial public offering (IPO) of Astonea Labs, which closed for subscription on Thursday, May 29, received a muted response from investors, with the offering being oversubscribed by nearly 1.8 times. Once the allotment is finalised, investors can check their status on the official websites of the BSE and Kfin Technologies, the registrar for the Astonea Labs IPO. Alternatively, investors can also follow these direct links to check the Astonea Labs IPO allotment status online: Check Astonea Labs IPO allotment status on BSE: Check Astonea Labs IPO allotment status on Kfin Technologies: Astonea Labs IPO details The SME offering, valued at around ₹37.67 crore, comprises an entirely fresh issue of 2.79 million equity shares with no offer for sale (OFS) component. The public issue was open for subscription from Tuesday, May 27, 2025, to Thursday, May 29. Astonea Labs IPO was available at the price band of ₹128 to ₹135 per share, with a lot size of 1,000 shares. Kfin Technologies serves as the registrar, while Oneview Corporate Advisors acts as the sole book-running lead manager for the offering. According to the RHP, the company aims to utilise the issue proceeds for funding of expenses proposed to be incurred towards registration in Bolivia, South America; purchase and installation of plant and machineries for ointment production for the purpose of export in accordance with the international standards and protocols, on the second floor of the existing premises; advertising, marketing and brand building; investment in procuring hardware and software and funding of working capital requirements. The remaining funds will be used for general corporate purposes. Check Blue Water Logistics IPO allotment status About Astonea Labs Incorporated in 2017, Astonea Labs is a contract manufacturer of pharmaceutical and cosmetic products for companies both within India and internationally. The company manufactures and markets a variety of pharmaceutical and cosmetic products, including antibiotics, anti-cold medicines, antihistamines, and treatments for diabetes, heart, gynecological issues, infections, and more. The company offers skin, tooth, and hair care products in forms like gels, creams, and serums, and also trades packaging and raw materials for pharmaceutical and cosmetic industries, meeting industry standards. The company engages in contract manufacturing of pharmaceutical and cosmetic products, markets its own brands Glow Up and Regero, plans to launch Avicel, and exports to countries like Iraq and Yemen.
Business Standard
27-05-2025
- Business
- Business Standard
Astonea Labs IPO opens today; check price band, lot size, GMP, key dates
Astonea Labs IPO: The initial public offering (IPO) of Astonea Labs opens for public subscription today, May 27, 2025. Valued at around ₹37.67 crore, the SME offering comprises an entirely fresh issue of 2.79 million equity shares. As the public offering opens for subscription, Here are the key details of the Astonea Labs IPO as outlined in its Red Herring Prospectus: Astonea Labs IPO price band, lot size Astonea Labs IPO will be available at a price band of ₹128-135 per share, with a lot size of 1,000 shares. A retail investor can bid for a minimum of one lot of 1,000 shares, with an investment amount of ₹1,35,000 (at the upper end of the IPO price). A high net-worth individual (HNI) would require a minimum of ₹2,70,000 to bid for a minimum of two lots of 2,000 equity shares. Astonea Labs IPO grey market premium (GMP) Astonea Labs IPO allotment date, listing date The public offering of Astonea Labs will remain available for subscription until Thursday, May 29, 2025. Following the closure of the subscription window, the basis of allotment of Astonea Labs IPO shares is likely to be finalized on Friday, May 30, 2025. The successful allottees can expect the company's shares to be credited to their demat accounts by Monday, June 2, 2025. Shares of Astonea Labs are slated to list on the BSE SME on Tuesday, June 3, 2025. Astonea Labs registrar, lead manager Kfin Technologies serves as the registrar for the public offering of Astonea Labs, while Oneview Corporate Advisors serves as the sole book-running lead manager. ALSO READ | Unified Data-Tech IPO allotment today; check status, GMP, listing date Astonea Labs IPO objective Astonea Labs intends to utilise the net proceeds from the public offering for funding expenses proposed to be incurred towards product registration in Bolivia, South America; for the purchase and installation of plant and machinery for ointment production for export purposes in accordance with international standards and protocols, on the 2nd floor of the Existing Premises (factory at Haripur, Tehsil - Raipur Rani, District Panchkula, Haryana, referred to as the 'Existing Premises'). The company will further use the proceeds for advertising, marketing and brand building, investment in procuring hardware and software, funding working capital requirements, and for general corporate purposes. About Astonea Labs Astonea Labs specialises in the manufacturing and marketing of a wide range of pharmaceutical and cosmetic products. These include antibiotic drugs, anti-cold medications, antihistamines, and drugs for diabetes, cardiovascular diseases, gynecological concerns, analgesics, fungal infections, and multivitamins. The company also offers products for skin, tooth, and hair care, available in various forms such as gels, ointments, creams, lotions, oils, and serums. Additionally, Astonea Labs is involved in the trading of certain packaging materials and raw materials used in pharmaceutical and cosmetic products.
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Business Standard
27-05-2025
- Business
- Business Standard
Unified Data-Tech IPO allotment today; check status, GMP, listing date
Unified Data-Tech IPO allotment status: The basis of allotment of shares for Unified Data-Tech Solutions is expected to be finalised today, Tuesday, May 27, 2025. The initial public offering (IPO) of Unified Data-Tech, which closed its three-day subscription window on Monday, May 26, received a favorable response from investors, with the offering being oversubscribed by nearly 84.92 times, according to data available on the BSE. The highest demand for the SME offering came from Non-institutional investors (NIIs), who oversubscribed the category reserved for them by 157.05 times. This was followed by Qualified institutional buyers (QIBs) at 83.88 times, and retail investors at 43.62 times. Here's how to check the Unified Data-Tech IPO allotment status online Once the allotment is finalised, investors can check their status on the official websites of the BSE and Kfin Technologies, the registrar for the IPO. Alternatively, investors can also follow these direct links to check the Unified Data-Tech IPO allotment status online: Unified Data-Tech IPO details The SME offering, valued at around ₹144.47 crore, comprises an entirely offer-for-sale (OFS), with promoter Hiren Rajendra Mehta divesting up to 52,92,000 equity shares. The public issue was open for subscription from Thursday, May 22, 2025, to Monday, May 26, 2025. It was available at ₹270–273 per share, with a lot size of 400 shares. Kfin Technologies serves as the registrar, while Hem Securities acts as the sole book-running lead manager for the offering. Unified Data-Tech will not receive any proceeds from the public issue. "Our Company will not receive any proceeds from the Offer (the Offer Proceeds), and all the Offer Proceeds will be received by the Promoter Selling Shareholder after the deduction of offer-related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder," the company said in its Red Herring Prospectus (RHP). Unified Data-Tech IPO grey market premium (GMP), listing estimate The unlisted shares of Unified Data-Tech were trading at around ₹353 apiece, reflecting a grey market premium (GMP) of ₹80 or 29.30 per cent over the upper end of the issue price of ₹273 apiece, according to sources tracking unofficial market activities. Shares of Unified Data-Tech are expected to debut on the BSE SME platform tentatively on Thursday, May 29, 2025. The current GMP trend indicates a positive listing of the company's shares. Should the current GMP sustain, investors can expect the company's shares to list at around a 29 per cent premium on the exchange. However, it is important to note that GMP is an unregulated market indicator and should not be relied upon for determining the company's market performance. About Unified Data-Tech Solutions Incorporated in 2010, Unified Data-Tech Solutions is a technology company specialising in system integration, providing comprehensive IT solutions, including data centre infrastructure, virtualisation, data protection, networking, cybersecurity, secure application delivery, etc. Unified Data-Tech's services cater to a wide range of industries, such as Banking, Finance, Insurance, Manufacturing, Pharmaceuticals, IT, and IT-enabled services.
