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Madhusudan Kela-backed fund buys stake in IPO-bound Steamhouse India for Rs 40 crore
Ace investor Madhusudan Kela's funds, along with Niveshaay Sambhav Fund, have injected Rs 49.99 crore into Steamhouse India via a pre-IPO placement. This strategic investment positions these entities to hold nearly 3% of the company's pre-IPO equity. Steamhouse India, a Surat-based firm, operates a unique centralized steam supply model for industries and is preparing for its initial public offering.
Crazy Snacks IPO day 1: GMP, subscription status, price band, other details of BSE SME IPO
Crazy Snacks IPO is a combination of fresh issue of 60 lakh shares and offer for sale (OFS) of 15 lakh shares. With a price band of ₹39 to ₹42 per share, the company wants to raise ₹25.20 crore via the fresh sale of shares.
Atharva Polyplast IPO: BSE SME declares price band at ₹55 to ₹60. GMP, date, other details in 10 points
The company has fixed the price band of ₹55 to ₹60 per share. The shares of Atharva Polyplast IPO is trading at a premium of ₹10 in the grey market
Sterlite Tech hits 5% upper circuit on QIP launch; zooms 495% in 6 months
Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.
BSE seeks clarification from Rajesh Exports on ED searches
The Bombay Stock Exchange (BSE) on Wednesday sought a clarification from gold jewellery firm Rajesh Exports Ltd over reports of searches conducted by the Enforcement Directorate (ED) at multiple locations linked to the Bengaluru-based company. The exchange's query came a day after the central agency searched nine premises connected to the firm under the provisions of the Foreign Exchange Management Act (FEMA). "The reply is awaited," Rajesh Exports said in a regulatory filing. The development marks a fresh escalation in the legal troubles surrounding the company, which is already facing allegations of a massive financial fraud levelled by the Securities and Exchange Board of India (Sebi). Rajesh Mehta, the company's Founder and Chairman, recently denied any fund diversion or wrongdoing in an interview with PTI. He said the firm would fully cooperate with the fresh forensic audit ordered by Sebi and would not challenge the market regulator's interim order against it.
Nisus Finance to raise up to Rs 4,000 crore through a real assets investment platform
Nisus Finance is launching a real assets platform to raise up to Rs 4,000 crore, targeting yield-generating and value-accretive real estate opportunities across India. The platform will attract domestic and UAE-based investors, including family offices and ultra-high-net-worth individuals. A key vehicle, the Nisus Yield and Asset Multiplier Fund (NiYAM), will focus on structured credit and equity enhancement for projects like plotted developments and redevelopment.
Leapfrog Engineering Services share price hits 5% upper circuit after listing at discount
Leapfrog Engineering Services had a disappointing debut on BSE SME, opening at ₹22, 4.3% below its issue price. The IPO, which closed on 19 June, attracted a subscription status of 2.70x with plans for proceeds to support expansion and working capital.
Knack Packaging IPO: Price band set at ₹161-170 per share; check key dates, issue details
Knack Packaging's IPO ranges from ₹161 to ₹170, open for subscription from July 1-3. The lot size is 88 shares, with a distribution among QIBs, NIIs, and retail investors. Listing on BSE and NSE anticipated on July 8.
Turtlemint IPO sails through: Where and how to check share allotment status
Once the Turtlemint IPO allotment is completed, applicants can check their allotment status online through the websites of the BSE, NSE, or KFin Technologies, the registrar to the issue
Why the NSE IPO may not create wealth like BSE’s did - Mint
Why the NSE IPO may not create wealth like BSE’s didMint
Liotech Industries eyes muted BSE SME debut. Check GMP ahead of listing
The Rs 36.02-crore IPO received a subdued response from investors, with the issue being subscribed 1.91 times during the three-day bidding period. The retail portion was subscribed 2.97 times, while the non-institutional investor (NII) category remained undersubscribed at 0.85 times.
Graphite India management to meet Kotak Mutual Fund on June 24 - scanx.trade
Graphite India management to meet Kotak Mutual Fund on June 24scanx.trade