Latest news with #NSEs
Business Standard
6 days ago
- Business
- Business Standard
NSE SME IPO of N R Vandana Tex Industries subscribed 1.37 times
The offer received bids for 60.63 lakh shares as against 44.37 lakh shares on offer. The initial public offer (IPO) of Neptune Petrochemicals received bids for 60,63,000 shares as against 44,37,000 shares on offer, as per NSE data as of 17:00 hours on Wednesday (28 May 2025). The issue was subscribed 1.37 times. The issue opened for bidding on Wednesday (28 May 2025) and it will close on Friday (30 May 2025). The price band of the IPO is fixed between Rs 42 to Rs 45 per share. The minimum order quantity is 3,000 equity shares. The equity shares will list on NSEs SME platform. The IPO comprises fresh issue of 61,98,000 equity shares. About 3,12,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 58,86,000 equity shares including anchor allocation portion. The company intends to utilize the net proceeds for funding working capital requirements, prepayment or repayment of loans, and general corporate purposes. Ahead of the Neptune Petrochemicals on Tuesday, 27 May 2025, raised Rs 7.92 crore from anchor investors. The board has allotted 17.61 lakh shares at Rs 45 per share to 6 anchor investors. Neptune Petrochemicals is engaged in the design, manufacturing, and wholesale of cotton textile products, including a variety of high-quality cotton sarees, salwar suits, and bed sheets. Its products are recognized in the textile industry under the brand names Vandana and Tanaya. The company operates a B2B business model, focusing on selling products through a network of 1,397 wholesalers as of 31 March 2025, spread across 31 states and union territories in India, as well as through a B2B e-commerce platform. As of 30 April 2025, the company had 86 employees and 34 persons working as contract labour. The company recorded revenue from operations of Rs 270.80 crore and net profit of Rs 8.60 crore for the period ended 31 March 2025.
Business Standard
21-05-2025
- Business
- Business Standard
NSE SME IPO of Dar Credit & Capital subscribed 5.35 times
The offer received bids for 1.63 crore shares as against 30.60 lakh shares on offer. The initial public offer (IPO) of Dar Credit & Capital received bids for 1,63,76,000 shares as against 30,60,000 shares on offer, as per NSE data as of 17:00 hours on Wednesday (21 May 2025). The issue was subscribed 5.35 times. The issue opened for bidding on Wednesday (21 May 2025) and it will close on Friday (23 May 2025). The price band of the IPO is fixed between Rs 57 to Rs 60 per share. The minimum order quantity is 2,000 equity shares. The equity shares will list on NSEs SME platform. The IPO comprises fresh issue of 42,76,000 equity shares. About 2,16,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 40,60,000 equity shares including anchor allocation portion. The company intends to utilize the net proceeds to meet the issue expenses, to augment the capital base of the company and general corporate purposes. Ahead of the Dar Credit & Capital on Tuesday, 20 May 2025, raised Rs 7.29 crore from anchor investors. The board has allotted 12.16 lakh shares at Rs 60 per share to 6 anchor investors. Dar Credit & Capital offers three primary types of financial products: (i) Personal Loans, (ii) Unsecured MSME Loans, and (iii) Secured MSME Loans. The company specializes in providing credit solutions to low-income individuals, particularly those employed in Class IV (Group D) roles such as cleaners, sweepers, and peons working in municipal bodies. It also extends credit to small-scale shopkeepers, traders, manufacturers, individuals engaged in agriculture and allied activities, and local vendors, with a strong focus on empowering women entrepreneurs. With extensive experience in Indias financing and investment sector, Dar Credit & Capital has built a deep understanding of the market since its inception. As of 31 December 2024, the company had 224 full-time employees. The company recorded revenue from operations of Rs 30.09 crore and net profit of Rs 4.92 crore for the period ended 31 December 2024.
Business Standard
19-05-2025
- Business
- Business Standard
NSE SME Accretion Pharmaceuticals' IPO ends with subscription of 7.31 times
The offer received bids for 2 crore shares as against 27.35 lakh shares on offer. The initial public offer (IPO) of Accretion Pharmaceuticals received bids for 2,00,06,400 shares as against 27,34,800 shares on offer. The issue was subscribed 7.31 times. Retail investors bid for 1,28,95,200 shares, non-institutional investors bid for 53,91,600 shares and qualified institutional investors bid for 17,19,600 shares. The issue opened for bidding on 14 May 2025 and it closed on 16 May 2025. The price band of the IPO was set at Rs 96 to Rs 101 per share. The equity shares will list on NSEs SME platform. The IPO comprised fresh issue of 29,46,000 equity shares. The promoter and promoter group shareholding diluted to 73.14% from 100% pre-issue. The company intends to utilize the net proceeds for capital expenditure towards the purchase of new equipment and machinery, capital expenditure for the upgradation of the existing manufacturing facility, repayment or prepayment of certain borrowings availed by the company, funding of working capital requirements and for general corporate purposes. Ahead of the Accretion Pharmaceuticals on 13 May 2025, raised Rs 2.13 crore from anchor investors. The company allotted 2.11 lakh shares at Rs 101 per share to 2 anchor investors. Accretion Pharmaceuticals is engaged in the business of manufacturing and marketing tablets, capsules, oral liquids, external preparations (ointments, creams, gels, lotions, medicated shampoos, mouthwash, dusting powder), and oral powders (sachets, dry syrup), etc. Apart from manufacturing products for direct sales, the company also manufactures various pharmaceutical products for different marketers on a loan license or contract manufacturing basis. Its business is primarily carried out on a principal-to-principal basis with different marketers. The company had a total of 105 employees. The company recorded revenue from operations of Rs 35.67 crore and net profit of Rs 5.24 crore for the period ended 31 December 2024.
