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Time of India
8 hours ago
- Business
- Time of India
Eppeltone Engineers IPO subscribed 234 times, GMP robust at 47% on Day 3. Check details
Eppeltone Engineers' IPO saw overwhelming demand with 234x subscription on Day 3, led by retail investors. Shares command a 46.9% grey market premium ahead of NSE SME listing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads About Eppeltone Engineers IPO Eppeltone Engineers The third day of Eppeltone Engineers' initial public offering (IPO) witnessed an impressive subscription of 234 times, with the company's shares trading at a healthy grey market premium (GMP) of 46.9% or Rs 3:20 pm today, 57.49 crore bids were received from the market participants out of 24.56 lakh investors led the demand, submitting 2.47 lakh applications for a total of 24.71 crore shares. Non-Institutional Investors (NIIs) followed with 21,941 applications for nearly 26.41 crore Qualified Institutional Buyers (QIBs) had placed 91 applications for 7,92,31,000 Rs 43.96 crore IPO opened for subscription on Tuesday and will close on Thursday, with shares expected to be listed on the NSE SME on June offering comprises solely a fresh issue of 34.34 lakh equity shares, with a price band of Rs 125 to Rs 128 per share. Retail investors can apply for a minimum of 1,000 shares per lot, requiring an investment of Rs 1.28 lakh. High-net-worth individuals (HNIs) are required to bid for at least two lots, totaling Rs 2.56 proceeds from the IPO will be allocated to meet working capital requirements (Rs 30 crore), fund capital expenditure for new machinery (Rs 5 crore), and cover general corporate purposes and issue Global Consultants is the book-running lead manager, while Skyline Financial Services serves as the in 1977 and based in Noida, the company specializes in the manufacturing and supply of a wide range of energy management solutions, such as static and smart meters, watt-hour meters, BPL kits, LED lighting systems, advanced UPS solutions, battery chargers, and equipment for the railway and power key clients include Indian government agencies, electricity boards, and institutional buyers within the infrastructure operates a 36,000 sq. ft. manufacturing plant in Greater Noida, with additional units in New Delhi. The company employs 59 permanent staff and is known for its robust research and development capabilities, along with a focus on sustainability in its energy FY25, the company reported a 57% year-on-year revenue growth, reaching Rs 125.74 crore. Its profit after tax also grew by 38%, amounting to Rs 11.23 crore.
Time of India
12 hours ago
- Business
- Time of India
NSE changes bidding rules for SME IPOs from July 1. Check details here
According to the official circular issued by the NSE, both the current (existing) bidding system and the newly introduced one will be functional simultaneously for all SME IPOs that are launched on or before June 30, 2025. This overlap period likely aims to ensure a smooth transition without disrupting ongoing IPO processes. Tired of too many ads? Remove Ads Here are the changes made by the stock exchange: The "Retail Individual Investor" category is now called "Individual Investor" (This is defined as an Individual Investor who is applying for at least 2 lots, worth over Rs 2 lakhs). Minimum bid for Individual Investors: 2 lots (worth over Rs 2 lakhs). Bids at 'Cut-off price' are not allowed for any category. No changes or cancellations are allowed after placing the bid. On the last day, bidding closes at 4:00 PM. UPI approvals (mandates) can be completed till 5:00 PM on the last day. For special/reserved categories: Employees: Minimum 2 lots (over Rs 2 lakhs), up to Rs 5 lakhs Shareholders/Policyholders: Minimum 2 lots (over Rs 2 lakhs) QIBs (Qualified Institutional Buyers) and NIIs (Non-Institutional Investors) must apply for more than 2 lots. The National Stock Exchange ( NSE ) has announced certain updates to the bidding process for Small and Medium Enterprises' (SME) initial public offerings (IPOs). These updates are aimed at improving transparency, efficiency, and investor participation in the SME segment of the market . The revised bidding mechanism is scheduled to come into effect on July 1, to the official circular issued by the NSE, both the current (existing) bidding system and the newly introduced one will be functional simultaneously for all SME IPOs that are launched on or before June 30, 2025. This overlap period likely aims to ensure a smooth transition without disrupting ongoing IPO the event of any spillover or delay, the dual system will continue to be in operation until July 11, 2025, to accommodate all in-progress IPOs. After this transitional period, from July 12, 2025 onwards, the new bidding mechanism will become mandatory and will be implemented for all future SME IPOs without exception.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
12 hours ago
- Business
- Economic Times
NSE changes bidding rules for SME IPOs from July 1. Check details here
Here are the changes made by the stock exchange: The "Retail Individual Investor" category is now called "Individual Investor" (This is defined as an Individual Investor who is applying for at least 2 lots, worth over Rs 2 lakhs). Minimum bid for Individual Investors: 2 lots (worth over Rs 2 lakhs). Bids at 'Cut-off price' are not allowed for any category. No changes or cancellations are allowed after placing the bid. On the last day, bidding closes at 4:00 PM. UPI approvals (mandates) can be completed till 5:00 PM on the last day. For special/reserved categories: Employees: Minimum 2 lots (over Rs 2 lakhs), up to Rs 5 lakhs Shareholders/Policyholders: Minimum 2 lots (over Rs 2 lakhs) QIBs (Qualified Institutional Buyers) and NIIs (Non-Institutional Investors) must apply for more than 2 lots. Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The National Stock Exchange ( NSE ) has announced certain updates to the bidding process for Small and Medium Enterprises' (SME) initial public offerings (IPOs). These updates are aimed at improving transparency, efficiency, and investor participation in the SME segment of the market . The revised bidding mechanism is scheduled to come into effect on July 1, to the official circular issued by the NSE, both the current (existing) bidding system and the newly introduced one will be functional simultaneously for all SME IPOs that are launched on or before June 30, 2025. This overlap period likely aims to ensure a smooth transition without disrupting ongoing IPO the event of any spillover or delay, the dual system will continue to be in operation until July 11, 2025, to accommodate all in-progress IPOs. After this transitional period, from July 12, 2025 onwards, the new bidding mechanism will become mandatory and will be implemented for all future SME IPOs without exception.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
