
Divgi TorqTransfer’s ₹412 cr IPO to open on March 1; all you need to know
The company aims to raise up to ₹180 crore through issue of fresh equity shares and up to ₹232 crore via offer for sale by promoters and existing shareholders.
The company aims to raise up to ₹180 crore through issue of fresh equity shares and up to ₹232 crore via offer for sale by promoters and existing shareholders.
Despite the Budget’s booster dose, equity market is likely to remain the go-to option for small and medium units.
The TVS Group company has filed an addendum to its previously submitted DRHP with SEBI, including the financial information for FY22 and H1FY23.
Post listing, Elin Electronics shares declined as much as 3.2% to hit a low of ₹235.25, while it touched a high of ₹244.75 on the BSE.
The IPO comprises a fresh issue of up to ₹357 crores and an offer for sale of up to 12,036,380 equity shares by existing shareholders.
Landmark Cars shares listed 6.9% lower at ₹471 on the NSE, while Aban Holdings opened a tad higher at ₹273 against the issue price of ₹270.
Sula Vineyards, Aban Holdings, and Landmark Cars will launch their IPOs this week. Besides, Uniparts India will make its market debut on December 12.
Ahead of the IPO, Fusion Micro Finance has raised around ₹331 crore from 17 anchor investors by allotting 89,99,943 equity shares at the upper end of issue price at ₹368 apiece
DCX Systems will be the first IPO to open on October 31, followed by Fusion MicroFinance on November 2, whereas Medanta and Bikaji Foods will hit the D-Street on November 3.
In the calendar year 2022 (till August), 51 companies raised ₹38,155 crore through IPO as compared to the issue size of ₹64,768 crore during the same period of last year.