Latest news with #RedHerringProspectus
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Business Standard
a day ago
- Business
- Business Standard
NR Vandana Textile IPO ends today; subscription rises 16x, GMP up 31%
NR Vandana Textile IPO GMP today: The unlisted shares of NR Vandana Tex Industries (NR Vandana Textile), whose initial public offering (IPO) is set to close for subscription today, commanded a strong premium on Friday, May 30, 2025. Sources tracking unofficial market activities revealed that NR Vandana Textile shares were trading at ₹59 apiece, reflecting a grey market premium (GMP) of ₹14 or 31.11 per cent against the upper end of the IPO price band of ₹45. NR Vandana Textile IPO subscription status NR Vandana Textile IPO has so far received a strong response from investors, being subscribed around 15.79 times as of 12:10 PM on Friday, May 30, according to NSE data. NR Vandana Textile IPO details The ₹27.89-crore SME offering, which comprises an entirely fresh issue of 6.2 million equity shares, is available at a price band of ₹42–45 per share, with a lot size of 3,000 shares. Notably, NR Vandana Textile IPO does not have any offer for sale (OFS) component. As the subscription window closes today, the basis of allotment is likely to be finalised on Monday, June 2, 2025. Successful allottees will receive the company's shares in their demat accounts on Tuesday, June 3, 2025. NR Vandana Textile shares are expected to list on the NSE SME platform on Wednesday, June 4, 2025. Cameo Corporate Services is the registrar for the NR Vandana Textile IPO, while Marwadi Chandarana Intermediaries is the sole book-running lead manager of the public issue. NR Vandana Textile IPO objective According to the Red Herring Prospectus (RHP) filed by the company, NR Vandana Textile will utilise the net proceeds from the IPO for funding working capital requirements, prepayment/repayment of loans, as well as for general corporate purposes. About NR Vandana Tex Industries NR Vandana Tex Industries is engaged in the designing, manufacturing, and wholesale business of cotton textile products, including a variety of high-quality cotton sarees, salwar suits, and bed sheets. The company's products are recognised in the textile industry under its own brand names 'Vandana' and 'Tanaya'. The company has been awarded 'Best Debutant – Apparels' by Ajio Business Partnership Meet – 2022, according to the RHP. NR Vandana Tex Industries operates under a B2B business model, focusing on selling its products through a network of 1,397 wholesalers as of March 31, 2025, spread across 31 states and union territories in India, and through a channel of B2B e-commerce platforms.
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Business Standard
2 days ago
- Business
- Business Standard
3B Films IPO opens today; check price band, lot size, GMP, key dates
3B Films IPO: The initial public offering (IPO) of 3B Films opens for public subscription today, Friday, May 30, 2025. Valued at around ₹37.75 crore, the SME offering comprises a fresh issue of 3.55 million equity shares, and an offer for sale (OFS) with promoters divesting up to 3.2 million equity shares. As the public offering opens for subscription, here are the key details of the 3B Films IPO as outlined in its Red Herring Prospectus: 3B Films IPO price band, lot size 3B Films IPO is available at ₹50 per share, with a lot size of 3,000 shares. A retail investor can bid for a minimum of one lot of 3,000 shares, with an investment amount of ₹1,35,000 (at the upper end of the IPO price). A high net-worth individual (HNI) would require a minimum of ₹3,00,000 to bid for a minimum of two lots of 3,000 equity shares. 3B Films IPO grey market premium (GMP) The unlisted shares of 3B Films were commanding a muted premium in the grey markets on Friday. Sources tracking grey market activities revealed that the company's shares were trading at ₹53 per share, reflecting a grey market premium (GMP) of ₹3 or 6 per cent over the issue price. 3B Films IPO allotment date, listing date The public offering of 3B Films will remain available for subscription until Tuesday, June 3, 2025. Following the closure of the subscription window, the basis of allotment of 3B Films IPO shares is likely to be finalised on Wednesday, June 4, 2025. The successful allottees can expect the company's shares to be credited to their demat accounts by Thursday, June 5, 2025. Shares of 3B Films are slated to list on the BSE SME on Friday, June 6, 2025. 3B Films registrar, lead manager Maashitla Securities serves as the registrar for the public offering of 3B Films, while Nirbhay Capital Services acts as the sole book-running lead manager. 3B Films IPO objective 3B Films will not receive any proceeds from the offer for sale, as it will be given to the promoters participating in the OFS. The company, however, intends to utilise the proceeds from the fresh issue for capital expenditure, working capital requirements, general corporate purposes, and fresh offer-related expenses. About 3B Films 3B Films is engaged in the manufacturing and supply of CPP & CPE films tailored to meet the diverse needs of the flexible packaging industry and high-end thermoforming applications. The company's product portfolio includes a wide range of CPP films designed to address the specific needs of various industries, including food and beverage, clothing, flowers, and other consumer goods. From high-clarity films for premium packaging to high-barrier films for extended shelf life, the company offers solutions that cater to the evolving demands of the market. It presently operates a manufacturing facility capable of producing CPP & CPE films spanning a thickness range from 15 to 250 microns.
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Business Standard
2 days ago
- Business
- Business Standard
Prostarm Info Systems IPO ends today; subscription soars 48x, GMP at 23%
Prostarm Info Systems IPO Day 3 Subscription Status: The three-day subscription period to bid for the initial public offering (IPO) of Prostarm Info Systems is set to conclude today, May 29, 2025. The public offering, which opened for subscription on Tuesday, May 27, has received an overwhelimg response from investors. NSE data suggests that the ₹168 crore offering of Prostarm Info Systems received bids for 53,96,78,668 shares, against 1,12,00,000 shares on offer, resulting in a subscription of 48.19 times as of 1:30 PM on Thursday, May 29. Among the investor categories, Non-institutional investors (NIIs) led the demand by oversubscribing the category reserved for them by 136.70 times. This was followed by retail investors, who bid for 27.37 times, and Qualified institutional buyers (QIBs), at 18.22 times. Prostarm Info Systems IPO details The public offering comprises an entirely fresh issue of 16 million equity shares. Prostarm Info Systems IPO is available at a price band of ₹95–105 per share, with a lot size of 142 shares. To bid for one lot or 142 shares of Prostarm Info Systems IPO, a retail investor would require a minimum of ₹14,910, taking the upper end of the IPO price into consideration. A retail investor can bid for a maximum of 13 lots or 1,846 shares, amounting to ₹1,93,830. Prostarm Info Systems IPO grey market premium (GMP) The unlisted shares of Prostarm Info Systems were commanding a strong premium in the grey market on the final day of its subscription period. Sources tracking unofficial market activities revealed that Prostarm Info Systems shares were seen trading at around ₹129 per share, reflecting a grey market premium (GMP) of ₹24 or 22.86 per cent over the upper end of the issue price. Prostarm Info Systems IPO review Prostarm Info Systems IPO allotment date, listing aate As the public offering closes for subscription today, the basis of allotment of Prostarm Info Systems IPO shares is likely to be finalised on Friday, May 30, 2025, with shares getting credited into demat accounts by Monday, June 2, 2025. Prostarm Info Systems shares are slated to make their D-Street debut on Tuesday, June 3, 2025, by listing on the BSE and NSE. Prostarm Info Systems IPO objective Prostarm Info Systems, in its Red Herring Prospectus (RHP), has said that it will use the IPO proceeds to fund working capital requirements, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company, and for achieving inorganic growth through unidentified acquisitions and other strategic initiatives, as well as for general corporate purposes. Prostarm Info Systems IPO registrar, lead managers For the public offering, KFin Technologies serves as the registrar, while Choice Capital Advisors is the sole book-running lead manager. About Prostarm Info Systems Prostarm Info Systems specialises in energy storage and power conditioning equipment. They design, manufacture, and sell various power solution products, including UPS systems, inverters, and solar hybrid systems. The company serves diverse industries like healthcare, aviation, and renewable energy, with a wide geographical presence across 18 states and 1 union territory in India. As of March 2025, they employed 442 staff members and have 21 branch offices and 2 storage facilities. Their services include installation, rental options, and after-sales support, catering to clients like Airports Authority of India and NTPC.
Mint
3 days ago
- Business
- Mint
Unified Data-Tech Solutions shares list at ₹285 on BSE SME, up just 4.4% from IPO price
Unified Data-Tech Solutions IPO listing: Shares of Unified Data-Tech Solutions IPO made a decent debut on the bourses on Thursday, May 29, as they listed at ₹ 285 on BSE SME, a premium of 4.4 percent over the issue price of ₹ 273. The SME IPO, valued at ₹ 144.47 crore, was open for subscription from May 22 to May 26. The IPO concluded on an strong note, receiving bids amounting to 91.12 times the shares on offer over the three-day bidding period. A total of 32.05 crore shares were bid for, compared to the 35.17 lakh shares available. The retail investor portion was subscribed 43.62 times, while the non-institutional investor (NII) category saw a subscription of 212.43 times. Meanwhile, the Qualified institutional buyers (QIBs) portion was booked 83.22 times. Unified Data-Tech Solutions IPO was a completely offer-for-sale of 52.92 shares, with no fresh issue component. The minimum application size was set at 400 shares, requiring a minimum investment of ₹ 1,04,000 from retail investors. Unified Data-Tech Solutions clarified in its Red Herring Prospectus (RHP) that it will not receive any proceeds from the ongoing public offer. The company stated that all proceeds from the offer will go to the Promoter Selling Shareholder, after deducting offer-related expenses and applicable taxes, which will be borne by the shareholder. As a result, Unified Data-Tech will not benefit directly from the funds raised through the IPO. Hem Securities Limited has been appointed as the book-running lead manager for the Unified Data-Tech IPO. Kfin Technologies Limited is handling the registrar responsibilities for the public issue. Meanwhile, Hem Finlease Private Limited will serve as the market maker for the IPO. Unified Data-Tech Solutions Private Limited (UDTechs), established in 2010, is a Mumbai-based IT services company that delivers innovative and tailor-made technology solutions to its clients. The company specializes in a wide range of IT services, including data center solutions, virtualization, cybersecurity, and networking. Its clientele spans critical sectors such as banking, financial services, and information technology. UDTechs focuses on providing secure, high-performance, and cost-effective technology infrastructure and ongoing support to meet the unique needs of each client. UDTechs also procures and supplies products and services related to data centers, secure application delivery, and cybersecurity. It operates as an authorized partner for various original equipment manufacturers (OEMs), offering a suite of IT products, maintenance contracts, subscriptions, and support services. With operational branches in Pune and Ahmedabad, the company has built a strong nationwide presence and currently serves more than 1,000 clients across India.
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Business Standard
3 days ago
- Business
- Business Standard
Unified Data-Tech shares make positive D-Street debut, list at 4% premium
Unified Data-Tech Solutions listing today: Shares of Unified Data Tech Solutions made a positive debut on Dalal Street on Thursday, May 29, 2025. The company's shares listed at ₹285 on the BSE SME platform, reflecting a premium of 4.4 per cent over the issue price of ₹273. However, the listing price of Unified Data-Tech Solutions was significantly below grey market estimates. Ahead of the listing, unlisted shares of Unified Data-Tech were trading at ₹325, commanding a grey market premium (GMP) of ₹52 or 19 per cent apiece, according to sources tracking unofficial markets. Unified Data-Tech Solutions IPO details The ₹144.47-crore SME IPO was an entire offer for sale (OFS) of 5.29 million equity shares. The company set the IPO price band in the range of ₹270 to ₹273. The public issue opened for subscription on Thursday, May 22, 2025, and closed on Monday, May 26, 2025. KFin Technologies is the registrar of the issue. Hem Securities is the sole book-running lead manager for the issue. According to the Red Herring Prospectus (RHP), the company will not receive any proceeds from the public issue. "Our Company will not receive any proceeds from the Offer (the Offer Proceeds), and all the Offer Proceeds will be received by the Promoter Selling Shareholder after the deduction of offer-related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder," the company said in its Red Herring Prospectus (RHP). Incorporated in 2010, Unified Data-Tech Solutions is a technology company specialising in system integration. It provides comprehensive IT solutions including data centre infrastructure, virtualisation, data protection, networking, cybersecurity, and secure application delivery. The company caters to a wide range of industries such as banking, finance, insurance, manufacturing, pharmaceuticals, IT and IT-enabled services. The company is managed by promoters Hiren Rajendra Mehta and Rajendra Kantilal Mehta.
