Key Points
The IPO of Gandhar Oil comprises a fresh equity issue of Rs 302 crore and an offer for sale (OFS) of Rs 199 crore..
"With the issue fairly valued at a P/E of 7.1x at the upper price band based on FY23 earnings, we recommend investors to subscribe to the issue from a medium to long-term perspective," said Prathamesh Masdekar, Research Analyst, StoxBox...
Analysts recommended investors to subscribe to the issue over good valuations and strong brand presence...
Fedbank Financial IPO, which also opened today, comprises a fresh equity issue worth Rs 600 crore along with an offer for sale (OFS) of 3.51 crore equity shares...
"We believe that issue is fairly priced and recommend 'subscribe - long term' rating to the IPO," Anand Rathi said.. SBI Securities said the NBFC has registered robust growth among gold loan NBFCs in India as of 1QFY24 and its presence in the under-penetrated retail segment provides significant opportunity for growth...
You might be interested in
IREDA IPO subscribed 2.29 times on day two: From GMP to brokerage views, here's all you need to know
22, Nov, 23Indian Renewable Energy Development Agency (IREDA) IPO continued to receive a robust response from investors. The issue was subscribed 2.19 times at 10:09 am on the second day of bidding, November 22, 2023.
HMA Agro IPO: Half of the issue subscribed so far on Day 2; check details
21, Jun, 23HMA Agro Industries Ltd IPO Subscription Status: The company has received bids for 30,16,725 shares against 60,54,054 shares on offer, according to data from the BSE.
Divgi TorqTransfer shares list at 5% premium on NSE over issue price
14, Mar, 23The IPO was subscribed 5.44 times, led by retail investors. About 75% of the offer was reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors and 10% for retail investors.
Record date for Wipro buyback set for 16 June; should investors tender shares?
05, Jun, 23The record date for Wipro's fifth share buyback over the past seven years has been set for 16 June, when the firm will ascertain which shareholders are eligible to tender their shares.
IPO screener: IKIO Lighting issue closes today
08, Jun, 23The offer was subscribed 6.8 times as HNIs and retail investors bid heavily
Fedbank Financial Services IPO: Federal Bank arm sets price band at Rs 133-140/share
17, Nov, 23Fedbank Financial Services IPO consists fresh equity issue worth Rs 600 crore along with an offer for sale (OFS) comprising 35,161,723 equity shares. Under the OFS, 1.64 crore equity shares will be offloaded by Federal Bank and 5.38 crore shares by True North Fund VI LLP.
Tata Technologies IPO opens for subscription today. Should you apply?
22, Nov, 23Tata Tech IPO: Analysts advise investors to subscribe to the issue over fair pricing, strong brand presence and strong financials. Considering the growth opportunities and strong fundamentals of Tata Tech, we recommend a Subscribe rating for this IPO, said Ventura.
Valiant Laboratories IPO opens Wednesday. What GMP signals ahead of subscription?
26, Sep, 23The offer, which is priced at Rs 133-140 apiece, is completely a fresh equity issue of Rs 1.08 crore shares. Investors can bid for a minimum of 105 shares in one lot and in multiples thereof
IPOs next week: HMA Agro Industries, Bizotic Commercial, others. Check details here
10, Jun, 23Urban Enviro Waste Management Ltd, Bizotic Commercial Ltd, Cosmic CRF Ltd, Cell Point (India) Ltd and HMA Agro Industries Ltd are opening for initial public offering (IPOs).
Rishabh Instruments IPO kicks off for subscription. Should you bid?
30, Aug, 23Analysts advised investors to subscribe to the issue for the long term as the company is backed by strong manufacturing capabilities, diverse product portfolio and solid financials.