Bharti Hexacom's Rs 4,275 crore IPO opens on Wednesday. What GMP indicates ahead of subscription

Bharti Hexacom's IPO, with strong parentage and brand, is priced at Rs 542-570 per share. Analysts recommend subscribing to the Rs 4,275 crore issue as it is available at a reasonable valuation. The company offers 5G plus services and operates in Rajasthan and the Northeast circles.

According to the exchange filing, the company allocated 3,37,50,000 shares to anchor investors at a price of ₹565 per equity share.

Pyramid Technoplast aims to raise anywhere between Rs 139 crore - Rs 153 crore through the IPO, and the post implied market cap is likely to be around Rs 611 crore.

The issue size has been reduced from an earlier 9.57 crore shares to 6.08 crore equity shares now. The company had filed its IPO papers with Sebi in March this year and received approval from the regulator in June. Bids can be made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.

Ahead of the IPO, Senco Gold raised Rs 121 crore in the anchor round, which saw the participation of marquee investors, including Nippon MF, White Oak, Jupiter asset management, Bandhan MF, and 3P India Equity Fund, among others. 3P India Equity Fund is owned by Prashant Jain.

Kolkata, Nov 15 (PTI) Leading forgoing company, Ramkrishna Forgings Ltd, on Wednesday announced that it has raised Rs 1,000 crore through a qualified institutional placement (QIP) of its equity shares. The Kolkata-based company, in a statement, said it has approved the allotment of over 1.62 crore equity shares of face value of Rs 2 at […]

India Business News: NEW DELHI: Jewellery retail player Senco Gold Ltd on Monday said it has mobilised Rs 121.

The IPO has a fresh issue of equity shares to the tune of ₹206 crore and an offer for sale of 85 lakh equity shares by the promoters.

Leading export house, HMA Agro Industries, is launching an initial public offering (IPO) for INR480 crore ($64m) on 20 June. The subscription will finish on the 23 June. One-third of shares will be reserved in the public offer, with 50% offered to institutional investors and 15% to non-institutional investors. The company has demanded a premium price of INR585 on each equity share, in contrast with its unlisted shares trading at a premium of INR28, with Aryaman Financial Services acting as lead manager to the issue and Bigshare Services acting as registrar.

The second half of the year is expected to see a number of companies launching their initial public offerings (IPOs). Senco Gold, PKH Ventures, Global Pet Industries, Tridhya Tech, and Synoptics Technologies have already opened for subscription. Senco Gold's IPO will open on July 4, while PKH Ventures' IPO began on June 30. In addition, four SMEs will also bring their public issues this week. Alphalogic Industries' IPO will open on July 3, and Global Pet Industries, Tridhya Tech, and Synoptics Technologies' IPOs will close on July 3, July 5, and July 5, respectively.