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News18
5 days ago
- Business
- News18
3B Films IPO Day 2: Check Subscription Status, GMP Today
Last Updated: 3B Films Ltd's IPO was subscribed 1.20 times by Day 2, with retail at 1.66 times. The IPO price is Rs 50, and shares trade at Rs 53 in the grey market. It closes on June 3. 3B Films IPO Day 2: The initial public offering of 3B Films Ltd, which was opened for public subscription on Friday, May 30, has received a muted response till Day 2 so far. Till 1:29 pm on the second day of bidding on Monday, the Rs 33.75-crore BSE IPO received a 1.20 times subscription, garnering bids for 76,71,000 shares as against 64,08,001 shares on offer. The retail and NII participation stood at 1.66 times and 0.73 times, respectively. Gujarat-based 3B Films manufactures and supplies cast polypropylene (CPP) and cast polyethylene (CPE) films. The three-day IPO will be closed on Tuesday, June 3. It received a 0.86 times subscription on the first day of bidding on Friday. 3B Films IPO Price The price has been fixed in the range of Rs 50 apiece. 3B Films IPO GMP Today According to market observers, unlisted shares of 3B Films Ltd are currently trading at Rs 53 apiece in the grey market, which is a 6% premium or GMP over the IPO price of Rs 50. It indicates listing gains for investors on June 6, the tentative listing date. The shares will be listed on the BSE's SME platform. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The minimum lot size for an application is 3,000. The minimum amount of investment required by retail investors is Rs 1,50,000. The bidding can be done in multiple of 3,000. 3B Films IPO: More Details The company is planning to raise Rs 33.75 crore through a fresh issue of 3.54 million equity shares and an offer-for-sale (OFS) of 3.19 million shares. The SME IPO will close for subscription on Tuesday, June 3, 2025. The basis of the allotment of shares is expected to be finalised on Wednesday, June 4, 2025. Maashitla Securities is the registrar of the issue. Nirbhay Capital Services is the sole book-running lead manager for the issue. According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company aims to use Rs 4.43 crore for capital expenditure, Rs 7.15 crore for working capital requirements and Rs 4.43 crore for general corporate purposes.
News18
30-05-2025
- Business
- News18
Scoda Tubes IPO Closes Today: Check Subscription Status, GMP Today
Last Updated: Unlisted shares of Scoda Tubes Ltd are currently trading at Rs 162 apiece in the grey market, which is a 15.71 per cent premium or GMP over the IPO price of Rs 140. Scoda Tubes IPO Day 3: The initial public offering of Scoda Tubes Ltd is going to be closed today, Friday, May 30. It has received a strong response from investors. Till 10:09 am on the final day of bidding on Friday, the Rs 220-crore IPO received a 10.26 times subscription, garnering bids for 11,28,23,100 shares as against 1,10,00,086 shares on offer. The retail and NII participation stood at 7.73 times and 27.03 times, respectively. Its qualified institutional buyer (QIB) category got a 2.10 times subscription, according to data from exchanges. The three-day IPO was opened on Wednesday, May 28. It received a 2.24 times subscription on the first day of bidding and a 8.77 times subscription on Day 2. Scoda Tubes IPO Price The price band has been fixed in the range of Rs 140 apiece. Scoda Tubes IPO GMP Today According to market observers, unlisted shares of Scoda Tubes Ltd are currently trading at Rs 162 apiece in the grey market, which is a 15.71 per cent premium or GMP over the IPO price of Rs 140. It indicates listing gains for investors on June 3, the tentative listing date. The shares will be listed on both BSE and NSE. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The minimum lot size for an application is 100. The minimum amount of investment required by retail investors is Rs 14,000. The bidding can be done in multiple of 100. Scoda Tubes on Tuesday raised Rs 66 crore from anchor investors. The Gujarat-based company's IPO is entirely a fresh issue of equity shares, aggregating up to Rs 220 crore with no offer for sale (OFS) component. The issue, with a price band of Rs 130-140 per share, will conclude on May 30. Proceeds of the issue will be used to expand the production capacity of seamless and welded tubes and pipes, working capital requirements and general corporate purposes. The company is a stainless-steel tubes and pipes manufacturer, catering to a diverse range of customers like EPC, and industrial companies engaged in oil and gas, chemicals, fertilisers, power, etc. Monarch Networth Capital is the book-running lead manager to the IPO. First Published:
Time of India
30-05-2025
- Business
- Time of India
Blue Water Logistics IPO allotment: Here's how you can check status
Blue Water Logistics' Rs 40.5 crore SME IPO saw a robust subscription of 9.36 times, with strong interest from retail, NII, and QIB investors. Despite this, the GMP is zero, suggesting a listing at par with the issue price of Rs 135. Tired of too many ads? Remove Ads How to check Blue Water Logistics IPO allotment via Maashitla Tired of too many ads? Remove Ads The allotment for Blue Water Logistics' Rs 40.5 crore SME IPO will be finalised today. The IPO, which was open for bidding from May 27 to May 29, received healthy demand with an overall subscription of 9.36 investors subscribed 6.55 times their quota, while the non-institutional investor (NII) portion was subscribed 9.87 times. The QIB segment saw robust participation as well, with a 14.04 times the strong subscription, the grey market premium (GMP) remains at zero, suggesting that the stock is likely to list at par with its issue price of Rs 135 per share. This reflects cautious optimism ahead of the listing. Shares are expected to be credited to demat accounts by June 2, and the listing is scheduled for June 3 on the NSE SME Select 'Blue Water Logistics' from the dropdownEnter your PAN, application number, or DP/Client IDClick 'Submit' to view your allotment statusBlue Water Logistics is engaged in freight forwarding, customs clearance, warehousing, and transportation services. The company operates through a network of five key branches in Chennai, Delhi, Jaipur, Visakhapatnam, and Thane, offering integrated supply chain solutions to its IPO was entirely a fresh issue of 30 lakh shares priced in a band of Rs 132–135. The proceeds from the issue will be used to fund capital expenditure, including the purchase of commercial vehicles, meet working capital needs, and for general corporate the company's revenue increased from Rs 98 crore in FY23 to Rs 196 crore in FY25, while net profit jumped from Rs 1.54 crore to Rs 10.67 crore in the same period, indicating a strong earnings momentum going into its market debut.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
News18
28-05-2025
- Business
- News18
Leela Hotels IPO Closes Today: Should You Apply? Check Subscription Status, GMP Today
Last Updated: According to various market observers, the current GMP of Leela Hotels IPO is trading at Rs 439.5 at a premium of 1.03 per cent (Rs 14) on upper cap of the price band of Rs 435. Leela Hotels IPO Day 3: Leela Hotels parent Schloss Bangalore, known for its luxury hotels and resorts, is going to be closed at 5:00 pm today, May 28. The IPO consists of a fresh issue and an offer-for-sale (OFS). As of 10:39 am on Day 3, the Leela Hotels IPO received a 0.20 times subscription, with a bidding of 87,80,704 shares against the offered shares of 4,42,52,875. The retail and NII participation stood at 0.49 times and 0.16 times, respectively. Its qualified institutional buyer (QIB) category got a 0.12 times subscription. 10 Things You Should Know About Leela Hotels IPO 1. Leela Hotels IPO Issue Size The IPO aims to raise Rs 3,500 crore, with Rs 2,500 crore from a fresh issue and Rs 1,000 crore from an OFS. The raising amount is down from earlier planned of Rs 5000 crore. 2. Leela Hotels IPO Price Band advetisement The price band for the issue is set at Rs 413 to Rs 435 per share, with a minimum bid quantity of 34 shares, which translates to a minimum investment of Rs 14,790 at the upper end of the price band for retail investors. The IPO will be open for bidding from May 26 to May 28, with the share allotment expected to be finalized on May 30. 3. Leela Hotels IPO GMP According to various market observers, the current GMP of Leela Hotels IPO is trading at Rs 439.5 at a premium of 1.03 per cent (Rs 14) on the upper cap of the price band of Rs 435. 4. Leela Hotels IPO Allotment And Listing Dates Successful bidders should see shares credited to their demat accounts by May 30, with refunds issued on the same day. The shares are scheduled to list on the BSE and NSE on June 02, 2025. The three-day IPO bidding was started on Monday, May 26. 5. Leela Hotels IPO Objectives Leela Hotels plans to utilize Rs 2,500 crore from the fresh issue for the following purposes: – Repayment of outstanding borrowings: Approximately Rs 2,300 crore will be used to repay/pre-pay certain borrowings of the company and its subsidiaries. – General corporate purposes: A portion of the IPO proceeds will be allocated for general corporate purposes, not exceeding 25% of the gross proceeds. 6. Leela Hotels Financials Schloss Bangalore Limited's financial performance shows a 15% increase in revenue and a significant 2341% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025. As of March 31, 2025, the company's assets stood at Rs 8,266.16 crore, with revenue at Rs 1,406.56 crore and PAT at Rs 47.66 crore. The company's net worth improved to Rs 3,604.99 crore, and its total borrowings were Rs 3,908.75 crore. Leela Hotels operates 3,553 keys across 13 hotels under The Leela Palaces, Hotels, and Resorts, with a strategic presence in 10 key destinations in India, covering a significant portion of international and domestic air traffic in FY 25. Advertisement 7. Leela Hotels Boon Running Managers JM Financial Limited, Bofa Securities India Limited, Morgan Stanley India Company Pvt Ltd, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, Iifl Securities Ltd, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited are the book running lead managers of the Leela Hotels IPO, while Kfin Technologies Limited is the registrar for the issue. 8. Leela Hotels Promoters Project Ballet Bangalore Holdings (DIFC) Pvt Ltd, BSREP III Joy (Two) Holdings (DIFC) Limited, BSREP III Tadoba Holdings (DIFC) Pvt Ltd, Project Ballet Chennai Holdings (DIFC) Pvt Ltd, Project Ballet Gandhinagar Holdings (DIFC) Pvt Ltd, Project Ballet HMA Holdings (DIFC) Pvt Ltd and Project Ballet Udaipur Holdings (DIFC) Pvt Ltd are the company promoters. 9. Leela Hotels Founded in 1986, Schloss Bangalore is the parent company of the luxury hotel chain 'The Leela" in India, one of the largest luxury hospitality chains in the country in terms of the number of keys. advetisement 10. Should You apply for Leela Hotels IPO? top videos View All Bajaj Broking recommends subscribe for long-term view. Leela Hotels' IPO, priced at Rs 435 per share, has drawn mixed responses due to its steep valuations. Canara Bank Securities flagged the high P/E of 220.8x (vs peer average of 98.9x) but noted improved operating leverage and a reasonable P/B of 2.92x, issuing a 'Subscribe with Caution" for high-risk, long-term investors. BP Equities also cited valuation concerns but highlighted the company's growth prospects, sector outlook, and debt reduction plans, recommending a 'Subscribe" for medium to long-term investors. Anand Rathi called the IPO fairly priced relative to future potential despite a 266.8x P/E and 30x EV/EBITDA, suggesting a 'Subscribe – Long Term." Bajaj Broking was more skeptical, citing negative EPS (-Rs 0.12) and NAV (-Rs 160.57), warning that Leela trades at a steep premium to stronger peers like Indian Hotels and EIH. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : IPO Location : New Delhi, India, India First Published: May 28, 2025, 10:52 IST News business » ipo Leela Hotels IPO Closes Today: Should You Apply? Check Subscription Status, GMP Today
News18
24-05-2025
- Business
- News18
Belrise Industries IPO Allotment On May 26: Check GMP Today, Final Subscription Status
Last Updated: The current grey market premium of Belrise Industries is now 25.56 per cent based on the upper IPO price of 113, indicating listing gains for investors. Even as the Belrise Industries IPO closed on Friday receiving a strong 43.14 times subscription, all eyes are now on its allotment. The allotment is scheduled to take place on Monday, May 26. Here's a step-by-step guide to check allotment status online, and the latest GMP. On the final day of bidding on Friday, the Belrise Industries IPO received a 43.14 times subscription, with a bidding of 7,21,33,41,590 shares against the offered shares of 16,72,22,223. The retail and NII participation stood at 4.52 times and 40.58 times, respectively. Its qualified institutional buyer (QIB) category got a 112.63 times subscription. Belrise Industries IPO GMP Today According to various observers tracking GMP of Belrise Industries, the current grey market premium of Belrise Industries is now 25.56 per cent based on the upper IPO price of 113, indicating listing gains for investors. The shares of Belrise Industries Ltd are scheduled to be listed on BSE and NSE on May 28, 2025. A Step-By-Step Guide To Check Allotment Status The Belrise Industries IPO allotment will take place on Monday, May 26. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Belrise Industries Ltd' in the dropbox. 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. You can also visit directly on the registrar Link Intime's portal — and check the Belrise Industries IPO allotment status. Belrise Industries IPO More Details Belrise Industries aims to raise Rs 2,150.00 crores through this bookbuilding IPO. Following Ather Energy and Borana Weaves, Belrise Industries is the third company in the mainboard segment to launch an IPO in FY26. The company, based in Pune, set a price band of Rs 85-90 per share. The public offer consists entirely of a fresh issue of 23.89 crore equity shares, valued at Rs 2,150 crores. There is no offer-for-sale component in this IPO. In the allocation of shares, 50% is reserved for qualified institutional bidders, 15% for non-institutional investors, and 35% for retail investors. Purpose of the IPO The primary objective of this IPO is to reduce the company's debt. Out of the net proceeds, Rs 1,618.1 crore will be used to repay debt, while the rest will go towards general corporate purposes. Financial Performance For the nine months ending December of the previous year, Belrise Industries reported a profit of Rs 245.5 crore, a decline of 17.5% compared to the same period the previous year. Revenue for this period increased slightly by 0.9% to Rs 6,013.4 crore. About the Company Belrise Industries is an Indian automotive component manufacturer offering a variety of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles. Their clients include prominent companies like Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.
