Latest news with #SMEIPO
Mint
01-08-2025
- Business
- Mint
Takyon Networks IPO Day 3: GMP, subscription status, price band, other details of BSE SME IPO
Takyon Networks IPO: The ₹ 20.5 crore initial public offering (IPO) of IT solutions provider Takyon Networks is closing for subscription today, Friday, August 1. The SME IPO, which opened on Wednesday, July 30, is witnessing decent subscription. However, the grey market premium (GMP) of the stock indicated a flat listing. The SME IPO is a fresh issue of 37,92,000 shares. The company intends to use the net proceeds to pay some borrowings, meet working capital requirements, and for general corporate purposes. By 10:55 AM on the third day of subscription on Friday, the issue had seen an overall subscription of 4.68 times, with the retail segment booked 4.36 times. The segments reserved for NIIs were booked 4.58 times, and the QIB segment was subscribed 5.36 times till then. 1. Takyon Networks IPO GMP: According to market sources, the latest GMP of Takyon Networks shares was nil. The latest GMP indicates the stock could be listed at par with the issue price. 2. Takyon Networks IPO date: The SME IPO opened for subscription on Wednesday, July 30, and will close Friday, August 1. 3. Takyon Networks IPO price: The price of the public issue has been fixed at ₹ 54 per equity share. 4. Takyon Networks IPO size: The IPO is entirely a fresh issue of 37.92 lakh shares. The company plans to raise ₹ 20.48 crore from this issue, which it will use to meet working capital requirements and fund capital expenditure requirements. 5. Takyon Networks IPO lot size: Bidders can apply in lots, and one lot of the SME IPO comprises 2,000 company shares. Retail investors can bid for a minimum and maximum of two lots, or 4,000 shares. 6. Takyon Networks IPO reservation: Nearly 12.72 lakh shares, or 33.54 per cent of the net issue, are reserved for retail investors. The company has reserved 17.82 lakh shares (46.99 per cent of the net issue) for QIBs, while 5.46 lakh shares (14.40 per cent of the net issue) are reserved for NIIs. 7. Takyon Networks IPO allotment date: The company is expected to finalise the share allotment on Monday, August 4. Successful bidders can expect shares of the company in their demat accounts on Tuesday, August 5, and bidders who fail to get the allocation may get a refund on the same day. 8. Takyon Networks IPO book-running lead manager and registrar: According to the Red Herring Prospectus (RHP) of the issue, Hem Securities Limited is the book-running lead manager, while Cameo Corporate Services Limited is the registrar for the issue. 9. Takyon Networks IPO listing: As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the BSE SME on Wednesday, August 6. 10. Takyon Networks IPO business overview: According to the company's RHP, the company provides comprehensive networking and IT infrastructure solutions to a diverse range of clients, including government agencies and corporate enterprises. "Our services include IT networking solutions, data centre solutions, IT security and surveillance, cloud and managed services. We also offer maintenance and support services to our clients through formal contracts, providing expert technical support," says the company's RHP. The company's consolidated revenue from operations for FY23 stood at 63.24 crore, which rose to ₹ 107.50 crore in FY24 and ₹ 103.12 crore in FY25. Profit after tax (PAT) for FY23 was ₹ 2.81 crore, which rose to ₹ 5.22 crore in FY24 and ₹ 6.96 crore in FY25. Read all IPO-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Mint
06-07-2025
- Business
- Mint
Smarten Power Systems IPO set to open on Monday: Check GMP, price, other key details of the SME IPO
Smarten Power Systems IPO: The initial public offering (IPO) of Smarten Power Systems, a Gurugram-based power backup and solar products company, is set to open for public subscription on Monday, July 7. The ₹ 50 crore SME IPO combines a fresh issue of 40,00,800 shares and an offer for sale of 9,99,600 shares. According to market sources, the latest grey market premium (GMP) of Smarten Power Systems shares was nil, which indicates the stock could be listed at par with the issue price. The SME IPO will be for subscription on Monday, July 7, and conclude on Wednesday, July 9. The price of the SME IPO has been fixed at ₹ 100 per equity share. Smarten Power Systems intends to raise ₹ 50 crore from the issue, which it will use to purchase assets of the battery manufacturing unit's production line, meet working capital requirements, repay some borrowings, and/or for general corporate purposes. Arihant Capital Markets Ltd is the book-running lead manager, while Maashitla Securities Private Limited is the registrar for the issue. Bidders can apply in lots, and one lot of the NSE SME IPO comprises 2,400 company shares. Nearly 47.5 per cent of the net issue is reserved for retail investors, while the same amount is reserved for NIIs. The remaining 5 per cent is reserved for market makers. The IPO is closing on Wednesday, July 9, so as per SEBI's listing rules, the company is expected to finalise the share allotment on Thursday, July 10. Successful bidders can expect shares of the company in their demat accounts on Friday, July 11, and bidders who fail to get the allocation may get the refund on the same day. As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the NSE SME on Monday, July 14. Smarten Power Systems designs and assembles power back-up and advanced solar power products such as home UPS systems, solar inverters, solar power conditioning units (PCUs), and solar charge controllers. It also trades solar panels and batteries. According to the company's DRHP, it generates approximately 66.51 per cent of its revenue through domestic sales and 33.49 per cent of its revenue through exports. Currently, the company operates in 23 states and two union territories within India and has also established a global footprint in over 17 countries, including the Middle East, Africa, and the South Asia region. The company's profit for FY22 was nearly ₹ 4 crore, which rose to nearly ₹ 5.2 crore in FY23 and ₹ 11.3 crore in FY24. In FY25, for the period ended June 30, the profit stood at ₹ 4.05 crore. Read all IPO-related news here Disclaimer: The views and recommendations above are those of individual analysts, experts, and brokerage firms, not Mint. We advise investors to consult certified experts before making any investment decisions.
Mint
02-07-2025
- Business
- Mint
Neetu Yoshi IPO share allotment to be finalised today: How to check status? A step-by-step guide
Neetu Yoshi IPO allotment in focus: The allotment for the Neetu Yoshi IPO is expected to be finalized today, July 02. Investors can check their allotment status through the registrar, Skyline Financial Services Private, or the BSE website. The IPO, which was open for subscription from June 27 to July 01, saw a robust response from investors, being oversubscribed by 128 times. Specifically, the non-institutional investor (NII) segment was oversubscribed 256 times, while the retail portion was oversubscribed 91.92 times and the QIB was booked at 96 times. The IPO price was set at ₹ 75 per share. Given the high level of retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment can expect the refund process to start on July 03, 2025. Shares allotted will be credited to investors' demat accounts on the same day as the refunds. The SME IPO is expected to be listed on the BSE SME platform, with a tentative date of July 04, 2025. The company plans to use the net proceeds from the IPO for several purposes, including setting up a new manufacturing facility and general corporate purposes. If you have applied for the Neetu Yoshi IPO, you can check your allotment status on the website of the IPO registrar, Skyline Financial Services Private Ltd. You can check the Neetu Yoshi IPO allotment status at this link: Step 1: Visit the above link, which will take you to Neetu Yoshi IPO's registrar's website, i.e., Skyline Financial Services Private Ltd. Step 2: Choose the IPO in the dropbox that will only have its name set if the allocation is completed. Step 3: Pick one of all three options to check the status: Application No., Demat Account, or PAN. Step 4: The screen will show the IPO status, and the number of Neetu Yoshi IPO shares allotted. Step 1: Visit the allotment page on BSE's official website: Step 2: Under 'Issue Type,' select 'Equity.' Step 3: Choose the IPO from the drop-down option under 'Issue Name.' Step 4: Enter the PAN or application number. Step 5: Click on 'I am not a robot' to confirm your identity, then hit the 'Submit' button. The allotment status will appear on your screen. Incorporated in January 2020, Neetu Yoshi Limited is engaged in the business of manufacturing customized products in different grades of ferrous metallurgical products. The company offers a product portfolio of mild steel, spheroidal graphite iron, cast iron, and manganese steel, ranging from 0.2 kg to 500 kg. It is an RDSO-certified vendor for Indian Railways. The company offers a wide range of standard and customized products, primarily serving Indian Railways with critical components like braking solutions, suspensions, propulsion aids, and coupling attachments for trains. The Neetu Yoshi GMP, or grey market premium, stands at ₹ 25 per share today, indicating that the stock may list at ₹ 100, 33.3% higher than the issue price of ₹ 75. The grey market premium reflects investors' willingness to pay more than the issue price. Disclaimer: We advise investors to check with certified experts before making any investment decisions.
Mint
27-06-2025
- Business
- Mint
Ace Alpha Tech IPO Day 2: GMP, subscription status, price band, other details of SME IPO
Ace Alpha Tech IPO: The initial public offering (IPO) of consulting and advisory firm Ace Alpha Tech Private Limited is witnessing a tepid response from investors. The ₹ 32 crore BSE SME IPO, which combines a fresh issue of 35,48,400 shares and an offer for sale (OFS) of 11,22,000 shares, opened for subscription on Thursday, June 26. The latest grey market premium (GMP) of Ace Alpha Tech indicates the stock could be listed at a premium of nearly 20 per cent. By 12:25 PM on the second day of subscription, the SME IPO had been subscribed 0.62 times. The retail portion was almost fully subscribed at that time, while the portion reserved for non-institutional buyers had been subscribed 0.50 times. 1. Ace Alpha Tech IPO GMP: According to market sources, the latest grey market premium (GMP) of Ace Alpha Tech shares was ₹ 13. The latest GMP indicates the stock could be listed at a nearly 20 per cent premium. 2. Ace Alpha Tech IPO date: The BSE SME IPO opened for subscription on Thursday, June 26, and will conclude on Monday, June 30. 3. Ace Alpha Tech IPO price: The price band of the public issue has been fixed at ₹ 65 to ₹ 69 per equity share. 4. Ace Alpha Tech IPO size: The company intends to raise ₹ 32 crore from the issue, which it will use to meet capital expenditure and for general corporate purposes. 5. Ace Alpha Tech IPO lot size: Bidders can apply in lots, and one lot of the SME IPO comprises 2,000 company shares. 6. Ace Alpha Tech IPO reservation: 22,00,000 shares are reserved for QIBs (including anchor investor shares), while 15,44,000 shares are reserved for retail investors. 6,62,000 shares are reserved for NIIs. 7. Ace Alpha Tech IPO allotment date: The company is expected to finalise the share allotment on Tuesday, July 1. Successful bidders can expect shares of the company in their demat accounts on Wednesday, July 2, and bidders who fail to get the allocation may get the refund on the same day. 8. Ace Alpha Tech IPO book-running lead manager and registrar: Narnolia Financial Services Ltd is the book-running lead manager, while Skyline Financial Services Private Limited is the registrar for the issue. 9. Ace Alpha Tech IPO listing: As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the BSE SME on Thursday, July 3. 10. Ace Alpha Tech business overview: The company caters to financial industry with its comprehensive suite of trading solutions to clients ranging from institutional investors to stockbrokers. "We provide various solutions to our clients, including set up for institutional trading, B2B Retail Trading, User Management, Proprietary Trading solutions and custom trading. Along with this, we ensure the redressal of client issues, our support system, and provide end-to-end solutions," says the company's RHP. For FY22, the company's profit stood at ₹ 13.45 lakh, which rose to nearly ₹ 3.32 crore in FY23 and ₹ 10.65 crore in FY24. In FY25 till December 31, the company's profit was ₹ 8.5 crore. 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, as market conditions can change rapidly, and circumstances may vary.
Mint
27-06-2025
- Business
- Mint
Abram Food IPO share allotment: Latest GMP, how to check status online
Abram Food IPO allotment: The allotment status for Abram Food Limited's SME IPO is expected to be finalised on Friday, June 27, following a strong subscription across investor categories. Those who participated in the IPO can check their allotment status on the official portal of the registrar, Kfin Technologies. As per the IPO schedule, equity shares will be credited to the Demat accounts of successful applicants on Monday, June 30. Refunds for unsuccessful applications are expected to be processed on the same day. The shares are set to debut on the BSE SME platform on Tuesday, July 1, 2025. Investors can check the allotment status by visiting Kfin Technologies' website and selecting 'Abram Food IPO' from the drop-down menu. Allotment status can be searched using the PAN number, Demat account number, or application number. After entering the relevant details and verifying the captcha code, users can click 'Submit' to view their allotment result. The IPO, valued at ₹ 13.99 crore, was open for bidding from June 24 to June 26. Priced at ₹ 98 per share, the offering consisted entirely of a fresh issue of 14.28 lakh equity shares, with no offer-for-sale component. Investors had to apply for a minimum of 1200 shares per lot, amounting to a minimum investment of ₹ 1.17 lakh for retail applicants. The IPO drew significant interest, being subscribed 28.49 times overall. Against the offer of 13.56 lakh shares, the issue received bids for 3.86 crore shares. The retail investor portion was subscribed 16.05 times, while the non-institutional investor (NII) category saw an impressive 40.92 times subscription, reflecting strong demand across the board. The company plans to deploy the net proceeds towards various business needs. A significant portion will go towards acquiring new machinery to boost manufacturing capabilities. Funds will also be used to meet working capital requirements, address general corporate purposes, and cover expenses related to the public issue. Corporate Makers Capital Ltd. acted as the book-running lead manager for the IPO. Kfin Technologies Limited served as the registrar, while Giriraj Stock Broking Private Limited was appointed as the market maker. Founded in 2009, Abram Food Limited is engaged in the production and distribution of a broad product range, including Chana Dal, Chakki Atta, Besan, multi-grain atta, Maida, Sooji, various spices, cattle feed (khali), and edible oils. The company markets its offerings under the brand name "Kherliwala" and has a strong presence in Rajasthan, Delhi/NCR, and Uttar Pradesh through a network of distributors. The company primarily supplies its products in bulk packaging of 30 to 50 kilograms to distributors, who then retail the products in loose form. Abram Food is known for its emphasis on quality, ensuring that its goods are processed without artificial preservatives or chemicals—from sourcing raw materials to final packaging. In the unofficial market, the Abram Food IPO was trading at a grey market premium (GMP) of ₹ 8 per share on Friday. This implies a potential listing price of ₹ 106, representing an 8.16 percent premium over the issue price of ₹ 98. Disclaimer: The above information is based on market trends and input from brokerage firms and does not constitute investment advice. Investors are advised to consult with certified financial advisors before making any investment decisions.
