Divgi TorqTransfer shares list at 5% premium on NSE over issue price

Divgi TorqTransfer Systems' IPO was subscribed 5.44 times by the last day of offer

The government will offload about 3.76 crore shares, which represents 4% stake through the OFS, and in the case of oversubscription, an additional 4% stake will be under sale

New Delhi [India], March 13 (ANI): The shares of JG Chemicals made a disappointing debut on the stock exchanges on Wednesday as it listed with an over 5 per cent discount over its issue price. The shares were listed at Rs 209 as against its issue price of Rs 221. Show Full Article The Rs […]

HMA Agro Industries, a leading exporter of frozen buffalo meat in India, is set to launch its Rs 480 crore ($72m) initial share sale which opens on 20 June and closes on 23 June. The public offer comprises a fresh issue of equity shares up to Rs 150 crore and an offer for sale of Rs 330 crore by promoters and selling shareholders. The price band for the public offer has been set at Rs 555-585 per equity share, the upper end of which values the company at Rs 2,929 crore.

Netweb Technologies IPO subscribed 27.36 times on Day 3 so far. Retail investors subscribed 14.50 times, employees 36.27 times, NIIs 53.84 times, and QIBs 30.10 times.

Divgi TorqTransfer Systems IPO comprises fresh issue of equity shares worth ₹180 crore and OFS of 39.34 lakh shares

Spectrum Talent Management's initial public offering (IPO) was subscribed 1.05 times on Day 2, with bids received for 60,88,000 shares against 6,077,600 shares on offer. The price band for the offering is set at ₹169 to ₹173 per share.

Inox India IPO is completely an offer for sale (OFS) of 2.21 crore shares with a face value of Rs 2 each. There is no fresh issue segment in the IPO. Under the OFS, Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, Ishita Jain, Manju Jain, Lata Rungta among others will offload shares.

Out of 23,08,000 shares available for subscription, the total number of share bids received from RIIs was 68,76,632. The Non-Institutional Investors (NIIS) subscribed to the issue 0.67 times. The number of share bids received was 23,21,200 against 34,62,000 shares available for subscription.

Seven public issues, including three mainstream IPOs and four SME IPOs, are set to hit the Indian markets this week. IdeaForge will open its much-awaited IPO for subscription on June 26th, offering equity shares of up to INR 240 crore and an offer for sale of 48.6 lakh shares. Meanwhile, Cyient DLM's IPO, offering equity shares for Rs 250-265 a piece, will open on June 27th while PKH Ventures will bring in an initial offering of up to 1.82 crore shares on June 30th. The SME space will also see four IPOs worth INR 107 crore in total.