Latest news with #QIBs
Economic Times
6 days ago
- Business
- Economic Times
The Leela IPO allotment to be finalised today: How to check status, GMP and listing details
Investors who participated in the Rs 3,500 crore Schloss Bangalore IPO, the parent company of The Leela Palaces, Hotels and Resorts, will receive their allotment status today. The IPO, subscribed 2.62 times overall, saw strong interest from QIBs but a lukewarm response from retail investors. Shares are expected to list on BSE and NSE on June 2. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads How to check the Leela IPO Allotment on BSE How to Check via KFin Technologies (Registrar): Tired of too many ads? Remove Ads Investors who applied for the much-anticipated Rs 3,500 crore initial public offering (IPO) of Schloss Bangalore , the parent company behind The Leela Palaces, Hotels and Resorts, will know their allotment status today. The basis of allotment is expected to be finalised by the end of the day. The IPO opened for subscription on May 26 and closed on May 28, with shares expected to list on BSE and NSE on June the IPO received a lukewarm response from retail and non-institutional investors, the overall subscription stood at 2.62 enthusiasm was largely driven by qualified institutional buyers (QIBs), who subscribed to their quota 4.34 times. In contrast, the retail portion was subscribed only 0.70 times and the NII segment was covered by just 0.32 times, suggesting lower retail confidence despite the popularity of The Leela subdued interest has also trickled down into the grey market. The latest grey market premium (GMP) for Schloss Bangalore shares stands at a mere Rs 2, implying a potential listing price of Rs 437 against the issue price of Rs 435 -- a modest expected gain of 0.46%.Those who do secure allotment can expect shares to be credited to their demat accounts by May 30. Refunds for unallocated applicants will also be initiated on the same day. The listing will take place on June Select 'Equity' and 'Schloss Bangalore Limited' from the your PAN or application 'Search' to view your allotment Choose 'Schloss Bangalore Limited IPO'Enter PAN, application number or DP/client IDClick 'Submit' to access statusSchloss Bangalore, backed by Brookfield, runs a portfolio of 12 luxury properties and operates under The Leela brand. The IPO proceeds will be used mainly for debt repayment across its owned hotels and subsidiaries, including properties in New Delhi, Chennai, Udaipur, and Jaipur, and for general corporate purposes.: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times)
Time of India
7 days ago
- Business
- Time of India
Neptune Petrochemicals IPO sails through on Day 1. Check details
Neptune Petrochemicals' Rs 73.20 crore IPO was subscribed 1.06 times on Day 1, with strong interest from QIBs and NIIs. The company shows solid financials and growth potential in the infrastructure-linked bitumen segment. Tired of too many ads? Remove Ads Neptune Petrochemicals IPO price band Tired of too many ads? Remove Ads About Neptune Petrochemicals The initial public offering of Neptune Petrochemicals , which opened for subscription on Wednesday, was subscribed by 1.06 times at the end of the first day of the bidding non-institutional investors (NIIs) had made 322 applications for a total of 17.53 lakh shares, while the qualified institutional buyers (QIBs) had applied for 27.76 lakh shares via 4 issue will remain open until May 30 and the company plans to raise Rs 73.20 crore through a fresh issue of 60 lakh shares. Ahead of the issue opening, there is no GMP in the unlisted Capital Advisors is managing the issue as the book-running lead manager, and MUFG Intime India (Link Intime) is the IPO is being offered in a price band of Rs 115 to Rs 122 per share. The shares will be listed on the NSE SME platform with a tentative listing date set for June investors can apply for a minimum of 1,000 shares, which amounts to Rs 1,22,000 at the upper price band. High-net-worth individuals (HNIs) can apply for a minimum of 2,000 shares with an investment of Rs 2,44, in 2021, Neptune Petrochemicals is engaged in manufacturing and trading various grades of bitumen products, including polymer-modified and crumb-rubber-modified bitumen. The company's products are widely used in the construction and road-building has three manufacturing units located in Ahmedabad (Gujarat), Panipat (Haryana), and Kamrup (Assam). It also exports products to neighbouring countries such as Nepal and the nine months ended December 31, 2024, the company reported revenue of Rs 620 crore and a profit of Rs 19.47 crore. In the previous full year (FY24), Neptune had a profit of Rs 20.82 crore on revenue of Rs 675.97 crore. It has shown strong growth in a short period and maintains a healthy return on equity of 65 company plans to use the IPO proceeds to fund the purchase of office space, install new plant and machinery, meet working capital needs, and for general corporate will be watching the subscription trends closely over the next few days, especially as the company is part of a fast-growing infrastructure segment. Its strong financials and niche product focus may attract interest, despite current cautious sentiment in the SME space.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
7 days ago
- Business
- Time of India
Aegis Vopak Terminals IPO Day 3: Subscription status, GMP trends, price band to review — Should you apply?
GMP narrows sharply IPO details and structure Live Events Should you subscribe? Here's what analysts say Financial snapshot Lead managers (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Aegis Vopak Terminals' initial public offering was fully subscribed on the final day of bidding, with the overall subscription reaching 1.6 times as of 2:44 PM on Wednesday, May institutional buyers (QIBs) drove the bulk of the demand, subscribing to 2.49 times their allocated quota. Retail investors subscribed 69% of their portion, while non-institutional investors (NIIs) bid for 41%. The Rs 2,800 crore offering closes today, with the listing scheduled for June 2 on the BSE and the grey market, Aegis Vopak Terminals' shares were quoting at a modest premium of Rs 1, down significantly from the earlier range of Rs 8–9. With the IPO's upper price band set at Rs 235 per share, the expected listing price is around Rs 236—implying a marginal gain of just 0.43%, according to market sources tracking grey market Rs 2,800 crore issue is a pure fresh offer comprising 11.91 crore equity shares. There is no offer-for-sale (OFS) component. The price band has been fixed between Rs 223 and Rs 235 per investors can bid for a minimum of one lot containing 63 shares, requiring an investment of Rs 14,805 at the upper end. For small HNIs, the minimum application size is 14 lots, or Rs 2.07 from the IPO will be utilised to prepay or repay certain borrowings, fund the acquisition of a cryogenic LPG terminal at Mangalore, and meet general corporate to Bajaj Broking, the IPO pricing reflects optimism around India's growing energy infrastructure demand, though investors should temper expectations in the near term.'While the company's strategic importance in India's LPG and liquid bulk infrastructure space justifies a premium to some extent, the pricing seems to factor in strong future growth expectations. Investors should view this IPO as a play on long-term infrastructure and energy logistics growth, but must weigh the premium valuation against the company's limited historical profitability and execution risks in upcoming capex projects,' the brokerage Vopak Terminals reported revenue of Rs 570.12 crore in FY24 with a net profit of Rs 86.54 crore. For the nine months ended December 2024, the company posted a PAT of Rs 85.89 crore—nearly matching its full-year FY24 bottom line, indicating operating IPO is being managed by ICICI Securities, BNP Paribas IIFL Securities , Jefferies India, and HDFC Bank . Link Intime is the registrar to the with a long-term view on India's energy logistics infrastructure may find value in this IPO, though the soft GMP and moderate subscription levels suggest a cautious debut on the read | The Leela IPO cruises through on final day of bidding, QIBs drive highest subscription. Check details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Mint
27-05-2025
- Business
- Mint
Astonea Labs IPO: Here's date, price band, subscription status, GMP, and other key details
SME IPO: Astonea Labs initial public offering (IPO) opened for subscription on Tuesday, May 27 and will close on Thursday, May 29. The SME IPO has so far been subscribed over 15 per cent. Founded in 2017, Astonea Labs Ltd. specializes in contract manufacturing of pharmaceutical and cosmetic products for clients in both domestic and international markets. The company produces and distributes a wide range of pharmaceuticals and cosmetics, such as antibiotics, cold remedies, antihistamines, and treatments for conditions like diabetes, cardiovascular issues, gynecological problems, and infections. Not more than 50 per cent of the issue is reserved for QIBs, and over 35 per cent reserved for retail investors and 15 per cent reserved for NIIs. The Astonea Labs IPO has been subscribed over 15 per cent so far on the first day of bidding. The SME IPO has received 2,98,000 share applications against offered 20,00,000. The retail portion has received 30 per cent subscription, meanwhile, non-institutional investors (NIIs) was subscribed 0.04 per cent. However, QIBs remained unsubscribed. The SME IPO is currently not trading in the grey market as per investorgain. This means that the shares of Astonea Labs is trading at a premium of ₹ 0 in the grey market. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Astonea Labs is launching an IPO through the book-building process, aiming to raise ₹ 37.67 crore. The entire offering consists of a fresh issue of 27.90 lakh equity shares. The price band for the IPO has been set between ₹ 128 and ₹ 135 per share. Retail investors must apply for a minimum lot of 1,000 shares, requiring a minimum investment of ₹ 1,28,000. The allotment for the Astonea Labs IPO is expected to be finalized on Friday, May 30. The SME IPO will be list on BSE SME with a tentative listing date fixed as Tuesday, June 3. Oneview Corporate Advisors Pvt. Ltd. is the book-running lead manager of the Astonea Labs IPO, while Kfin Technologies Limited is the registrar for the issue. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
27-05-2025
- Business
- Economic Times
Aegis Vopak Terminals IPO subscribed 29% on Day 2: GMP slips to 3%
GMP of Aegis Vopak Terminals IPO Should you subscribe to Aegis Vopak Terminals IPO? Live Events IPO structure Minimum investment and lot size Use of funds IPO dates and price band Financial performance Book running lead managers (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The initial public offering (IPO) of storage solutions provider Aegis Vopak Terminals received a lukewarm response, with the issue subscribed just 29% by the second day of of 11:57 AM on Day 2, the IPO had received bids for 1,97,19,819 shares. The highest interest came from qualified institutional buyers (QIBs), who subscribed 39% of their allotted quota. Retail investors subscribed 31%, while non-institutional investors (NIIs) subscribed just 5%.According to market observers, the grey market premium (GMP) for Aegis Vopak Terminals has declined to Rs 8–9, implying a modest 3% premium over the upper end of the issue price. The GMP stood at 4% on the first day but has since weakened.'While the company's strategic importance in India's LPG and liquid bulk infrastructure space justifies a premium to some extent, the pricing seems to factor in strong future growth expectations. Investors should view this IPO as a play on long-term infrastructure and energy logistics growth, but must weigh the premium valuation against the company's limited historical profitability and execution risks in upcoming capex projects,' said Bajaj IPO comprises a complete fresh issue of 11.91 crore shares, aggregating up to Rs 2,800 crore. There is no offer-for-sale investors can apply for a minimum of one lot, which includes 63 shares. At the upper price band, this translates to an investment of Rs 14,805. For small HNIs, the minimum application is 14 lots or Rs 2.07 proceeds will be used to repay or prepay certain borrowings, fund the acquisition of a cryogenic LPG terminal at Mangalore, and for general corporate IPO will open on May 26 and close on May 28. The price band is set at Rs 223 to Rs 235 per share. The shares are expected to list on the BSE and NSE on June FY24, the company posted a revenue of Rs 570.12 crore and a net profit of Rs 86.54 crore. For nine months ended Dec 2024, PAT stood at Rs 85.89 Securities, BNP Paribas IIFL Securities , Jefferies India, and HDFC Bank are managing the issue, while Link Intime is the registrar.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
