Latest news with #NarnoliaFinancialServices
Mint
01-08-2025
- Business
- Mint
Bumper listing! Shree Refrigerations share price debuts at 36% premium on BSE SME
Shree Refrigerations IPO listing: The shares of Shree Refrigerations were off to a solid start, as they listed at a premium of ₹ 44.85 or 35.88% at ₹ 169.85 per share on the BSE SME on Friday, August 1, over their issue price of ₹ 125. The listing, though solid, was still lower than the grey market premium (GMP) of ₹ 70 the company was commanding ahead of the stock market debut. However, following its debut, Shree Refrigerations share price declined as much as 4.59% to ₹ 162.05 apiece The SME IPO of Shree Refrigerations was open for subscription from July 25 to July 29, garnering a massive 187.55 times bids for the shares on offer. The retail portion of the IPO was booked 195.05 times, the non-institutional investor (NII) portion was subscribed 197.01 times, while the portion reserved for qualified institutional buyers (QIBs) garnered 167.32 times bids. The ₹ ₹ 117.33 crore issue was a combination of a fresh issue of ₹ 94.51 crore and offer for sale of ₹ 22.81 crore. The IPO price band was fixed at ₹ 119-125 apiece. The lot size for an application was 1,000 shares. Retail investors could apply for a minimum of two lots, requiring an investment of ₹ 2,38,000. The company plans to use the funds raised from the fresh share sale for funding the working capital needs and general corporate purposes. Narnolia Financial Services was the book-running lead manager of Shree Refrigerations IPO, while MUFG Intime India Private Limited acted as the registrar to the issue. Shree Refrigerations is engaged in the business of manufacturing chillers, refrigeration and air conditioning appliances, and other parts of the Heating, Ventilation, and Air Conditioning (HVAC) industry. It offers an array of advanced systems and equipment to industries, primarily in the domestic market. It caters to multiple industries, including Automotive, Marine, Print Media, Chemical, Pharma, and General Engineering sectors. It is also actively involved in the manufacturing of marine chillers. Disclaimer: This story is for educational purposes only. 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.
Time of India
03-07-2025
- Business
- Time of India
Ace Alpha Tech IPO listing today. GMP signals moderate debut
Ace Alpha Tech is set to debut on the BSE SME platform on July 3 with the grey market indicating a modest listing gain. The IPO, which was priced at Rs 69 per share, is commanding a GMP of Rs 30 ahead of listing, implying a potential 43% upside at Rs 99 per share if sentiment holds. The Rs 32.22 crore IPO opened for subscription on June 26 and closed on June 30. It comprised a fresh issue of 35.48 lakh equity shares amounting to Rs 24.48 crore and an offer for sale (OFS) of 11.22 lakh shares worth Rs 7.74 crore. Narnolia Financial Services acted as the lead manager, while Ss Corporate Securities served as the market maker . Ace Alpha Tech, incorporated in 2012, is a tech-driven player in legal, accounting, auditing, tax consultancy, market research, and trading infrastructure services. Its offerings include institutional trading tools, cloud-based B2B trading platforms, proprietary trading systems, and user management solutions — catering to a broad spectrum of clientele ranging from institutions to retail traders. Live Events With only nine full-time employees, the company has posted impressive financial metrics. For FY24, Ace Alpha Tech clocked Rs 15.35 crore in revenue and a net profit of Rs 10.65 crore, reflecting a PAT margin of over 70%. At the upper end of the price band, the IPO valued the company at Rs 121.15 crore. The proceeds will be used for capital expenditure and strategic acquisitions, along with general corporate purposes. Despite a relatively small issue size, the strong profitability and visible GMP of Rs 30 suggest a promising start for Ace Alpha Tech when it lists on Thursday. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
Economic Times
03-07-2025
- Business
- Economic Times
Ace Alpha Tech IPO listing today. GMP signals moderate debut
Ace Alpha Tech is set to debut on the BSE SME platform on July 3 with the grey market indicating a modest listing gain. The IPO, which was priced at Rs 69 per share, is commanding a GMP of Rs 30 ahead of listing, implying a potential 43% upside at Rs 99 per share if sentiment holds. ADVERTISEMENT The Rs 32.22 crore IPO opened for subscription on June 26 and closed on June 30. It comprised a fresh issue of 35.48 lakh equity shares amounting to Rs 24.48 crore and an offer for sale (OFS) of 11.22 lakh shares worth Rs 7.74 crore. Narnolia Financial Services acted as the lead manager, while Ss Corporate Securities served as the market maker. Ace Alpha Tech, incorporated in 2012, is a tech-driven player in legal, accounting, auditing, tax consultancy, market research, and trading infrastructure offerings include institutional trading tools, cloud-based B2B trading platforms, proprietary trading systems, and user management solutions — catering to a broad spectrum of clientele ranging from institutions to retail traders. With only nine full-time employees, the company has posted impressive financial metrics. For FY24, Ace Alpha Tech clocked Rs 15.35 crore in revenue and a net profit of Rs 10.65 crore, reflecting a PAT margin of over 70%. ADVERTISEMENT At the upper end of the price band, the IPO valued the company at Rs 121.15 crore. The proceeds will be used for capital expenditure and strategic acquisitions, along with general corporate purposes. Despite a relatively small issue size, the strong profitability and visible GMP of Rs 30 suggest a promising start for Ace Alpha Tech when it lists on Thursday. ADVERTISEMENT (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)
Time of India
26-06-2025
- Business
- Time of India
Ace Alpha Tech IPO: Check price band, issue size and other details
Ace Alpha Tech will open its Rs 32.22 crore IPO for subscription today, June 26, 2025. The issue comprises a fresh offer of 35.48 lakh equity shares aggregating to Rs 24.48 crore and an offer for sale (OFS) of 11.22 lakh shares worth Rs 7.74 crore. Investors can subscribe to the book-built issue until June 30, with allotment expected on July 1 and listing tentatively set for July 3 on the BSE SME platform. The IPO is priced in the range of Rs 65 to Rs 69 per share. With a lot size of 2,000 shares. The issue is being managed by Narnolia Financial Services, while Skyline Financial Services acts as the registrar. Founded in 2012, Ace Alpha Tech provides a suite of financial technology services that span institutional trading platforms, B2B retail trading tools, proprietary trading systems, and user management solutions. With a focus on order efficiency, risk management, and fraud prevention, the company caters to a diverse clientele, from institutional investors to retail clients. As of March 2024, the company maintains a lean operational footprint with nine employees, reflecting its technology-first, asset-light model. Live Events Ace Alpha Tech's financial performance underscores rapid growth. The company posted a PAT of Rs 10.65 crore for FY 2023–24, up from Rs 3.32 crore the previous year. Margins are notably strong, with a PAT margin of over 70% and an EBITDA margin approaching 96%. The company plans to utilize the proceeds from the fresh issue for capital expenditure, potential acquisitions, and general corporate purposes. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
