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Mint
a day ago
- Business
- Mint
Indiqube Spaces IPO to list on Wednesday; here's what GMP signals ahead of listing
Indiqube Spaces IPO: The IPO of Indiqube Spaces, which concluded recently, is set to debut on the Indian stock exchanges on Wednesday, July 30. The issue received a healthy response from all categories of investors during its bidding period between July 23 and July 25, resulting in an overall subscription of 13 times. The issue received a total of bids for 21.16 crore as against the 1.62 crore shares offered, with QIBs showing strong interest as their portion booked at 15.12 times, followed by retail investors, whose portion was subscribed by 13.28 times, and the NII portion, which was booked at 8.68 times. Given the healthy demand, investor focus has now shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are commanding a healthy GMP of ₹ 06 ahead of listing. Based on the company's issue price of ₹ 237 and the current GMP, the estimated listing price of Indiqube Spaces stands at ₹ 243 per share, 2.53% above the issue price. The grey market premium indicates investors' willingness to pay a premium over the IPO price. The mainboard IPO, valued at ₹ 700 crore, is a combination of a fresh issue of 2.74 crore shares aggregating to ₹ 650 crore and an offer for sale of 0.21 crore shares aggregating to ₹ 50 crore. The company shares are scheduled to list on both NSE and BSE exchanges on Wednesday, and the company proposed to use the proceeds from the issue towards funding capital expenditure towards the establishment of new centers, repayment and prepayment, in full or in part, of certain borrowings availed by the company, and general corporate purposes. The company provides managed, sustainable, and tech-driven workplace solutions, aiming to transform the traditional office experience for modern businesses. It offers diverse workplace solutions, including corporate hubs and branch offices, enhancing employee experience with interiors, amenities, and services. Indiqube Spaces integrates asset renovation, customized models, and B2B/B2C value-added services, offering comprehensive workspace solutions with plug-and-play offices for clients and employees, and manages a portfolio of 115 centers across 15 cities, consisting of 105 operational centers and 10 centers for which the company has executed letters of intent, covering 8.40 million square feet of area under management in a super built-up area ('SBA') with a total seating capacity of 186,719 as of March 31, 2025. Between March 31, 2023, and March 31, 2025, they added 41 properties and expanded to five new cities, as per the company's RHP. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
a day ago
- Business
- Mint
Kaytex Fabrics IPO Day 1: GMP, subscription status, price band, other details of NSE SME IPO
Kaytex Fabrics IPO: The initial public offering (IPO) of textiles manufacturer Kaytex Fabrics opened for public subscription on Tuesday, July 29. The SME IPO, which combines a fresh issue of 31,99,200 shares and an offer for sale (OFS) of 6,79,200 shares, will close on Thursday, July 31. The latest grey market premium (GMP) of Kaytex Fabrics shares indicates the issue may be listed at a premium of over 15 per cent. By 10:20 AM on the first day of subscription, the issue had seen an overall subscription of 2 per cent, with the segment reserved for retail investors subscribed to 4 per cent, and NII's segment booked 1 per cent. The QIB's segment had not seen any subscription by that time 1. Kaytex Fabrics IPO GMP: According to market sources, the latest GMP of Kaytex Fabrics shares was ₹ 32. The GMP trend indicates the stock could be listed at an 18 per cent premium. 2. Kaytex Fabrics IPO date: The SME IPO opened for subscription on Tuesday, July 29, and concluded on Thursday, July 31. 3. Kaytex Fabrics IPO price: The price band of the SME IPO has been fixed at ₹ 171 to ₹ 180 per equity share. 4. Kaytex Fabrics IPO size: The company intends to raise ₹ 57.6 crore crore from the issue, which it will use to fund capital expenditures for the construction of an additional warehouse facility and a dedicated sales office in Amritsar, the purchase of an advanced fabric processing system for its existing printing, dyeing, and processing unit in Amritsar, meeting working capital requirements, and general corporate purposes. 5. Kaytex Fabrics IPO lot size: Bidders can apply in lots, and one lot of the SME IPO comprises 1,600 company shares. Retail investors can bid for two lots. 6. Kaytex Fabrics IPO reservation: Some 13,20,000 shares, equivalent to 34 per cent of the net issue, are reserved for retail investors, 8,08,800 shares (nearly 21 per cent) for NIIs, and 15,55,200 shares (40 per cent) for QIBs. 7. Kaytex Fabrics IPO allotment date: The company is expected to finalise the share allotment on Friday, August 1. Successful bidders can expect shares of the company in their demat accounts on Monday, August 4, and bidders who fail to get the allocation may get a refund on the same day. 8. Kaytex Fabrics IPO book-running lead manager and registrar: Socradamus Capital Private Limited is the book-running lead manager, while Bigshare Services Private Limited is the registrar for the issue. 9. Kaytex Fabrics IPO listing date: As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the NSE SME on Tuesday, August 5. 10. Kaytex Fabrics business overview: According to the Red Herring Prospectus (RHP) of Kaytex Fabrics, it is a fast-fashion fabric solutions and manufacturing company. "We manage the entire process—from yarn to finished fabric production—ensuring quality and the ability to quickly adapt to changing market demands. We specialise in creating fabrics from a variety of fibres, including cotton, viscose, modal, acrylic, nylon, linen, and polyester," said the RHP. "Our focus on digital printing allows us to create customizable designs suited to the fast-paced nature of the fashion industry." For FY23, the company's revenue from operations stood at ₹ 99.2 crore, which rose to ₹ 124.9 crore in FY24 and to ₹ 152.8 crore in FY25. Net profit stood at ₹ 5.6 crore in FY23, which rose to ₹ 11.31 crore in FY24 and to ₹ 16.90 crore in FY25. Read all IPO-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
News18
a day ago
- Business
- News18
Aditya Infotech IPO Opens Today: Should You Apply? Check Price, GMP, Lot Size, Review, Other Details
Last Updated: Aditya Infotech IPO GMP Today: Its grey market premium currently stands at 37.78%, indicating strong listing gains for investors. Aditya Infotech IPO GMP: The initial public offering of Aditya Infotech, which offers video security and surveillance products under 'CP Plus' brand, opened for public subscription today, Tuesday, July 29. It will remain open for bidding for three days till July 31. The price band of the mainboard IPO, which plans to raise Rs 1,300 crore, has been fixed in the range of Rs 640 to Rs 675 apiece. Till 10:40 am on the first day of bidding on Tuesday, the issue received a 0.23 times subscription, garnering bids for 24,47,610 shares as against the 1,06,41,266 shares on offer. The retail and NII participation stood at 0.93x and 0.23x, respectively. The IPO's grey market premium currently stands at 37.78%, indicating strong listing gains for investors. The IPO will remain open for public subscription between July 19, 2025, and July 31, 2025. The share allotment will likely be finalised on August 1, and the company is expected to be listed on both BSE and NSE on August 5. The price band of the IPO has been fixed in the range of Rs 640 to Rs 675 per share. For investors, the minimum lot size for the IPO is 22. It means investors will have to apply for a minimum of 22 shares or in multiple thereof. So, retail investors require a minimum capital of Rs 14,080 to apply for the IPO. According to market observers, unlisted shares of Aditya Infotech Ltd are currently trading at Rs 930 against the upper IPO price of Rs 675. It means a grey market premium or GMP of Rs 255, which is 37.78% over its issue price, indicating strong listing gains. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Aditya Infotech IPO: Should You Apply? Most brokerages have recommended a 'Subscribe' rating for long-term investors, on the back of Aditya Infotech's market position and industry tailwinds. However, a few have raised challenges on valuation and supplier dependency. Anand Rathi Shares & Stock Brokers offered a 'Subscribe for long-term' view, calling Aditya Infotech 'India's leading provider of video security and surveillance products" with a market share of 20.8% in FY25. The brokerage noted its broad product portfolio and minimal competition. It sees strong growth potential through compliance with emerging cybersecurity regulations and next-gen tech upgrades. Ventura Securities maintained a 'Subscribe' stance, stating that Aditya Infotech is poised to benefit from tailwinds such as Smart Cities and Digital India. 'The residential segment alone is expected to grow at a CAGR of 15.1 per cent in revenue from FY24 to FY29," it said, praising the company's distribution network and wide-ranging product suite. SMIFS echoed similar optimism, recommending investors 'Subscribe' to the issue. 'Aditya Infotech's dominant market position, scalable business model, and long-term growth potential," along with strategic partnerships and a focus on innovation, position it strongly in India's evolving surveillance sector. Swastika Investmart also suggested a 'Subscribe' rating, pointing to the company's expanding Ebitda margin (8.27% in FY25), nationwide reach, and sector growth. 'Based on recent financials and dependence on key suppliers like Dahua, the issue appears reasonably priced but carries concentration risks," it warned, suggesting investors apply for both long-term and listing gains. Aditya Birla Money has given a straightforward 'Subscribe' recommendation. It emphasized the IPO's goal of reducing debt and cited the impact of the new STQC norms. 'At the upper price-band, the issue is valued at 43x P/E… AIL with its manufacturing muscle & strong brand image is best placed to benefit from the tailwinds created," the note said. Lakshmishree Investment & Securities also leaned positive with a 'Subscribe for long-term' rating. It acknowledged risks such as reliance on China and revenue concentration but noted that 'with scalable growth and strong fundamentals, we rate this IPO a Subscribe for long-term wealth creation." The brokerage also highlighted the company's 'AI-powered, 'Make in India'-aligned product line" and its strategic manufacturing hub in Kadapa. Canara Bank Securities has given a 'Subscribe with caution' rating. It highlighted the company's leadership position, scalable business model, and presence across enterprise and consumer segments through the CP PLUS brand. 'The IPO is valued at a P/E of 20.44 times based on FY25 post exceptional earnings. We recommend a SUBSCRIBE rating for well-informed investors with a medium to long-term horizon," it said. SBI Securities, however, has issued an 'Avoid' call. While acknowledging the benefits from new quality norms and backward integration plans, the brokerage flagged high valuations and weak cash flows. 'It trades at FY25 P/E of 77 times, which we believe is exorbitant, in the backdrop of mid-teen return ratios and weak operating cash flows," it noted, also citing comparability issues due to the AIL-Dixon JV consolidation. Aditya Infotech IPO: More Info The company's IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer For Sale (OFS) of shares valued at Rs 800 crore by promoters. Proceeds from the fresh issue to the tune of Rs 375 crore have been earmarked for payment of debt, and besides, a portion will be used for general corporate purposes. This anchor portion witnessed participation from domestic and foreign institutional investors, including Government of Singapore, Monetary Authority of Singapore, HDFC Mutual Fund, SBI Mutual Fund, Goldman Sachs, Nomura, Ashoka Whiteoak India Opportunities Fund, and the Abu Dhabi Investment Authority, according to a circular uploaded on the BSE website. As per the circular, Aditya Infotech has allotted 86.26 lakh equity shares to 54 funds at Rs 675 apiece. This aggregates the transaction size to Rs 582.3 crore. As of March 2024, the company's total borrowings stood at around Rs 405 crore, according to its draft papers. Aditya Infotech offers a comprehensive range of advanced video security and surveillance products, technologies and solutions for enterprise and consumer segments under 'CP Plus' brand. In addition, the company offers solutions and services such as fully integrated security systems and security-as-a-service directly and through its distribution network. top videos View all The company announced that 75 per cent of the offer size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per for retail investors. ICICI Securities and IIFL Securities are the book-running lead managers to the issue. Aditya Infotech is expected to list on the bourses on August 5. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris More 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 : initial public offering (IPO) IPO view comments Location : New Delhi, India, India First Published: July 29, 2025, 10:47 IST News business » ipo Aditya Infotech IPO Opens Today: Should You Apply? Check Price, GMP, Lot Size, Review, Other Details Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
6 days ago
- Business
- Mint
Upcoming IPO: Sri Lotus Developers IPO opens on July 30; price band set at ₹140-150 apiece
Sri Lotus Developers IPO price band has been fixed in the range of ₹ 140 to ₹ 150 per equity share of the face value of Re 1. The Sri Lotus Developers IPO date of subscription is scheduled for Wednesday, July 30 and will close on Friday, August 1. The allocation to anchor investors for the Sri Lotus Developers IPO is scheduled to take place on Tuesday, July 29. The Sri Lotus Developers IPO lot size is 100 equity shares and in multiples of 100 equity shares thereafter. Sri Lotus Developers IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. Tentatively, Sri Lotus Developers IPO basis of allotment of shares will be finalised on Monday, August 4 and the company will initiate refunds on Tuesday, August 5 while the shares will be credited to the demat account of allottees on the same day following refund. Sri Lotus Developers share price is likely to be listed on BSE and NSE on Wednesday, August 6. Sri Lotus Developers IPO consists entirely of a new issue, with the goal of raising ₹ 792 crore. Out of the total amount raised, ₹ 550 crore will be directed toward its subsidiaries—Richfeel Real Estate Private Limited, Dhyan Projects Private Limited, and Tryksha Real Estate Private Limited—to partly finance the development and construction expenses of ongoing projects: Amalfi, The Arcadian, and Varun, respectively. The lead managers for the issue are Monarch Networth Capital and Motilal Oswal Investment Advisors. Sri Lotus Developers, located in Mumbai, is a real estate company that focuses on both residential and commercial property development, particularly in the realm of redevelopment projects targeting the ultra-luxury and luxury markets within Mumbai's western suburbs. As of June 30, 2025, the firm has successfully developed a cumulative area of 0.93 million square feet encompassing both residential and commercial initiatives. As per red herring prospectus (RHP), Arkade Developers Ltd (with a P/E of 22.03), Keystone Realtors Ltd (with a P/E of 48.18), Suraj Estate Developers Ltd (with a P/E of 14.91), Sunteck Realty Ltd (with a P/E 43.26), Mahindra Lifespaces Ltd (with a P/E of 91.43), and Hubtown Ltd (with a P/E of 68.20). In the financial year 2025, Sri Lotus Developers recorded a revenue of ₹ 549.68 crore, an increase from ₹ 461.58 crore in the prior year. The net profit skyrocketed to ₹ 227.89 crore, up from ₹ 119.81 crore the previous year. As of FY25, the company's total debt was reported at ₹ 122.13 crore. Sri Lotus Developers and Realty boasts a remarkable lineup of pre-IPO investors, featuring Bollywood legends such as Shah Rukh Khan, Amitabh Bachchan, and prominent investor Ashish Kacholia. The company's IPO is set with a price range of ₹ 140-150 per share, matching the price from its private placement round in November 2024 when it secured ₹ 400 crore. During that round, shares were allocated at ₹ 150 each to 118 investors, which is the same as the upper limit of the IPO price range.
Economic Times
23-07-2025
- Business
- Economic Times
Indiqube Spaces IPO booked over 29% on Day 1 so far. Check GMP, price band and other details
The initial public offering of workspace solutions provider Indiqube Spaces opened to a lukewarm response, with overall subscription reaching 29% by 11:45 AM on Wednesday. The Rs 700-crore mainboard issue will remain open for bidding until Friday, July 25. Breaking the subscription numbers by investor types, the retail investor category—which includes individual buyers—has subscribed to the issue 1.32 times, meaning they have applied for slightly more shares than available to them. ADVERTISEMENT On the other hand, the Non-Institutional Investor (NII) category—which typically includes high-net-worth individuals and companies—has subscribed only 22% of their allotted shares. This suggests that while retail investors show decent enthusiasm, demand from larger investors remains relatively low at this stage. One of the key highlights for IPO investors is the Grey Market Premium (GMP) — currently at Rs 23 per share, which suggests a potential listing gain of around 9.7% over the upper price band of Rs 237. While a positive GMP indicates healthy investor interest in the unlisted market, experts caution that GMP is speculative in nature and may change quickly before listing. The price band for Indiqube Spaces' IPO is set between Rs 225 and Rs 237 per share. Investors can bid for the shares in lots of 63, meaning a minimum investment of approximately Rs 14,931 (at the upper band).The total issue size is Rs 700 crore, which includes: A fresh issue of Rs 650 crore, where the company will receive the proceeds An offer for sale (OFS) of Rs 50 crore, where existing shareholders are selling part of their stake Indiqube Spaces has reserved 93,13,334 shares for Qualified Institutional Buyers (QIBs), 46,56,666 shares for Non-Institutional Investors (NIIs), and Retail Individual Investors shares for retail investors. An additional 73,891 shares have been allocated for employees. ADVERTISEMENT ICICI Securities is the lead manager for the IPO, while MUFG Intime India (formerly Link Intime) is the issue company plans to use Rs 462.65 crore from the IPO proceeds to set up new centres. About Rs 93 crore will go toward partial or full repayment of borrowings, while the remaining amount will be used for general corporate purposes. ADVERTISEMENT Founded in 2015, Indiqube Spaces (formerly Innovent Spaces Pvt. Ltd.) provides modern, sustainable workspace solutions. It began operations in Uttar Pradesh before relocating its base to Bengaluru in 2018. Also read: D-St gears up for Rs 2.6 lakh crore IPO storm in H2; Tata Capital, LG, Groww among biggest issues ADVERTISEMENT For FY25, the company reported revenue of Rs 1,102.93 crore, up 27% from Rs 867.66 crore in FY24. Net loss narrowed sharply to Rs 139.62 crore in FY25, compared to Rs 341.51 crore in the previous fiscal year. (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)
