Latest news with #MUFGIntimeIndiaPrivateLimited
Mint
4 days ago
- Business
- Mint
Flat Debut! Scoda Tubes shares list at ₹140, same as IPO price
Scoda Tubes IPO listing: Shares of Scoda Tubes IPO made a muted debut on the bourses on Wednesday, June 4, listing at ₹ 140 on NSE and BSE, same as its issue price. The IPO, valued at ₹ 220 crore, was open for subscription from May 28 to May 30. The IPO concluded on an strong note, receiving bids amounting to 57.37 times the shares on offer over the three-day bidding period. A total of 63.11 crore shares were bid for, compared to the 1.10 crore shares available. The retail investor portion was subscribed 20.89 times, while the non-institutional investor (NII) category saw a subscription of 121.72 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 72.97 times. Scoda Tubes IPO was a completely fresh issue comprising 1.57 crore shares, with no offer-for-sale component. The minimum application size was set at 100 shares, requiring a minimum investment of ₹ 14,000 from retail investors. Scoda Tubes intends to deploy the proceeds from its initial public offering (IPO) towards multiple strategic objectives, including capital expenditure aimed at expanding its manufacturing capacity. A portion of the funds will also be allocated to meet working capital requirements, while the remainder will be used for general corporate purposes, supporting the company's broader growth and operational plans. Monarch Networth Capital Ltd is acting as the book-running lead manager for the Scoda Tubes IPO, while MUFG Intime India Private Limited, also known as Link Intime, has been appointed as the registrar to the issue. Established in 2008 and headquartered in Gujarat, Scoda Tubes has built a strong presence in the stainless steel segment, focusing on the production of seamless and welded pipes and tubes. These products are integral to various sectors such as oil and gas, chemicals, power generation, and infrastructure development. The company operates a fully integrated manufacturing facility that houses advanced machinery and quality testing equipment, enabling it to meet both domestic and export-grade standards. As part of its growth strategy, Scoda Tubes continues to export a portion of its output to international markets, reflecting its commitment to quality and global competitiveness. Scoda Tubes reported a significant financial upswing in the fiscal year 2024. Revenue surged to ₹ 402.49 crore, supported by a sharp rise in demand across key user industries. The company also posted a net profit of ₹ 18.3 crore, marking a notable 77 percent jump over the previous year. These numbers highlight the company's operational efficiency and financial momentum in the run-up to its IPO.
Mint
4 days ago
- Business
- Mint
Flat Debut! Scoda Tubes shares list at ₹140, same as IPO price
Scoda Tubes IPO listing: Shares of Scoda Tubes IPO made a muted debut on the bourses on Wednesday, June 4, listing at ₹ 140 on NSE and BSE, same as its issue price. The IPO, valued at ₹ 220 crore, was open for subscription from May 28 to May 30. The IPO concluded on an strong note, receiving bids amounting to 57.37 times the shares on offer over the three-day bidding period. A total of 63.11 crore shares were bid for, compared to the 1.10 crore shares available. The retail investor portion was subscribed 20.89 times, while the non-institutional investor (NII) category saw a subscription of 121.72 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 72.97 times. Scoda Tubes IPO was a completely fresh issue comprising 1.57 crore shares, with no offer-for-sale component. The minimum application size was set at 100 shares, requiring a minimum investment of ₹ 14,000 from retail investors. Scoda Tubes intends to deploy the proceeds from its initial public offering (IPO) towards multiple strategic objectives, including capital expenditure aimed at expanding its manufacturing capacity. A portion of the funds will also be allocated to meet working capital requirements, while the remainder will be used for general corporate purposes, supporting the company's broader growth and operational plans. Monarch Networth Capital Ltd is acting as the book-running lead manager for the Scoda Tubes IPO, while MUFG Intime India Private Limited, also known as Link Intime, has been appointed as the registrar to the issue. Established in 2008 and headquartered in Gujarat, Scoda Tubes has built a strong presence in the stainless steel segment, focusing on the production of seamless and welded pipes and tubes. These products are integral to various sectors such as oil and gas, chemicals, power generation, and infrastructure development. The company operates a fully integrated manufacturing facility that houses advanced machinery and quality testing equipment, enabling it to meet both domestic and export-grade standards. As part of its growth strategy, Scoda Tubes continues to export a portion of its output to international markets, reflecting its commitment to quality and global competitiveness. Scoda Tubes reported a significant financial upswing in the fiscal year 2024. Revenue surged to ₹ 402.49 crore, supported by a sharp rise in demand across key user industries. The company also posted a net profit of ₹ 18.3 crore, marking a notable 77 percent jump over the previous year. These numbers highlight the company's operational efficiency and financial momentum in the run-up to its IPO. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
5 days ago
- Business
- Economic Times
Blue Water Logistics to debut on NSE SME on June 3. Here's what GMP indicates
Blue Water Logistics is set to make its stock market debut on the NSE SME platform on Tuesday, following a successful initial public offering that garnered healthy interest from investors. However, ahead of its listing, the stock is showing no activity in the grey market, suggesting a muted start on the bourses. ADVERTISEMENT According to the latest update, the grey market premium (GMP) for Blue Water Logistics remains at Rs 0. With the IPO's upper price band fixed at Rs 135, the expected listing price also stands at Rs 135, implying no immediate listing gains or losses for investors. The Rs 42.99 crore IPO, which was open for subscription from May 28 to May 30, was entirely a fresh issue of 31.85 lakh equity shares. The issue was oversubscribed by more than 9 times overall, indicating strong interest despite the lack of any grey market momentum. Blue Water Logistics is engaged in providing logistics and supply chain solutions for liquid and bulk cargo, particularly catering to the petrochemical and oil industries. The company specializes in providing end-to-end services including transportation, storage, and distribution of liquid chemicals and petroleum products across funds raised through the IPO will be used to purchase tankers and containers, invest in working capital, repay borrowings, and for general corporate purposes. MUFG Intime India Private Limited (Link Intime) is the registrar to the issue, and the shares will be listed on NSE the solid fundamentals and demand in the IPO, market observers remain cautious due to the flat GMP. The absence of a premium may reflect broader SME market sentiment or valuation concerns, and investors will be watching closely to see how the stock performs once listed. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
25-05-2025
- Business
- Mint
Belrise Industries IPO: Focus shifts to allotment date. Latest GMP, step-by-step guide to check status
Belrise Industries IPO allotment date: The Belrise Industries IPO share allotment will be finalised tomorrow (Monday, May 26). The investors who applied for the issue can check Belrise Industries IPO allotment status in Belrise Industries IPO registrar portal, which is MUFG Intime India Private Limited (Link Intime India). The Belrise Industries IPO opened for subscription on Wednesday, May 21 and closed on Friday, May 23. Belrise Industries IPO subscription status on the last bidding day was 41.30 times, as BSE data. The share allocated to qualified institutional buyers (QIBs) was subscribed by 108.35 times, whereas retail individual investors (RIIs) experienced 4.27 times subscriptions. The non-institutional investors' quota attracted 38.33 times of total subscriptions. Investors can verify their share allotments by examining the criteria established for allocations. This method not only shows if shares have been assigned but also provides information on the quantity of shares received in the IPO allotment results. In instances where shares have not been allocated, the company will commence a subsequent application process. After allocation, the shares are deposited into the demat accounts of the relevant recipients, allowing investors to manage and retain their shares as needed. The initiation of the refund process will start on Tuesday, May 27, for individuals not given shares. Those allotted will receive their shares in their demat accounts on Tuesday. Belrise Industries IPO listing date is scheduled for Wednesday, May 28. If you have applied for the Belrise Industries IPO, you can do a Belrise Industries IPO allotment status check on the website of the IPO registrar, which is Link Intime India Private Ltd. You can check the Belrise Industries IPO allotment status of your application below. Visit to access the site of the IPO registrar, MUFG Intime India Private Limited (Link Intime India Private Ltd). Pick the IPO from the dropdown menu; the name will be listed after the allocation process concludes. Choose the Application Number, Demat Account, or PAN link to verify the current status. Specify whether your application is ASBA or non-ASBA. Enter the necessary details for the option selected in Step 2. Ensure that you complete the captcha before submitting the form. Go to the allotment section on BSE's official website - Online status check for Belrise Industries IPO allotment - From the options under 'Issue Type', select 'Equity'. Pick the IPO from the list displayed under 'Issue Name'. Enter your PAN or application number. Click on 'I am not a Robot' for identity verification, then press the 'Submit' button. Go to the official NSE site to check your Belrise Industries IPO allotment status online - After reaching the NSE site, click on the 'Click here to sign up' option to register using your PAN. Input your username, password, and captcha code. Look for the IPO allotment status on the newly opened page. Belrise Industries IPO GMP today is 26. This indicates Belrise Industries share price was trading at a premium of ₹ 26 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Belrise Industries share price is indicated at ₹ 116 apiece, which is 28.89% lower than the IPO price of ₹ 90. According to the analysis of the past 19 sessions of grey market activities, the IPO GMP is rising today, indicating a promising listing. The minimum GMP recorded is ₹ 0.00, whereas the maximum GMP is ₹ 26, as noted by experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
