GANESH GREEN BHARAT IPO
Top startup and tech stories this week
ETtech Unwrapped is packed with the most important stories that we covered this week. Here’s a quick recap.
Ganesh Green Bharat shares list at 90% premium over IPO price
Ganesh Green Bharat Share Price: Ganesh Green Bharat's shares debuted on the NSE SME platform with a 90% premium on Friday, opening at Rs 361 against an issue price of Rs 190. Prior to listing, the company's shares traded at a premium of Rs 170. The IPO, consisting entirely of fresh equity of 65.91 lakh shares, saw exceptional investor interest, oversubscribing 200 times by closing.
Sahaj Solar IPO opens for subscription. Check issue size, price band, GMP and other details
Sahaj Solar IPO: Sahaj Solar's Rs 52.26 crore SME IPO opened on July 11, and will close on July 15. The shares, priced at Rs 171-180, will be listed on NSE SME; size 29.2 lakh shares, lot size 800.
Ganesh Green Bharat IPO allotment: Check status, GMP, listing date and other details
In the unlisted market, the company's shares are trading with a premium of Rs 240. If the trends sustain, the company's shares are expected to list with maximum gains of 90% on July 12. The company has priced the IPO at Rs 190 at the upper end.
These 2 soon-to-list SME IPOs are boasting a GMP of over 100% despite NSE price cap
Ganesh Green Bharat is enjoying a GMP approximately 120% higher than its issue price, while Effwa Infra is seeing a premium of nearly 146% above its IPO price in the unlisted market.
Can Ola Electric become the Maruti Suzuki of electric two-wheelers?
Ola Electric, led by Bhavish Aggarwal, leads the e2W market with a 48% share in Q1 FY25, selling 74,068 units. Despite preparing for an IPO and product issues, growth stems from strategic partnerships and pricing. Policy shifts under EMPS cut subsidies, impacting sales. The company must adapt to competition and future e-motorcycle trends.
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Emcure Pharma IPO GMP rises on share allotment day, indicating healthy listing
Following a healthy response to the IPO of Emcure Pharmaceuticals, the shares of the company are commanding a healthy premium of Rs 360 in the unlisted market.
Ganesh Green Bharat IPO booked over 35x on Day 2; Effwa Infra’s issue subscribed nearly 38x
The SME IPO of Ganesh Green Bharat was booked over 35 times so far on the second day of the bidding process. The issue, which closes tomorrow, received bids for 15 crore shares as against 45 lakh shares on offer.
Emcure Pharmaceuticals IPO booked nearly 68 times so far on Day 3. Check GMP and other details
Emcure Pharmaceuticals IPO sees strong demand with oversubscription. Anchor investors include top names. Company engaged in global pharmaceutical products. Revenue growth and plans for debt payment outlined. Book-running lead managers identified.
HDFC Bank invests in anchor round of this high-demand SME IPO with over 100% GMP
HDFC Bank has been allocated approximately 1.58 lakh shares worth Rs 3 crore at Rs 190 each in the anchor round of the Ganesh Green Bharath IPO, which opened for subscription recently. Other notable investors in the anchor round include Copthall Mauritius Investment, India Equity Fund, and Craft Emerging Market Fund.
Ganesh Green Bharat IPO opens today: Check issue size, price band, GMP and other details
Ganesh Green Bharat IPO will open for subscription, aiming to raise Rs 125 crore for solar and electrical projects. The company's diversified business model and strong financial performance make it a potential investment opportunity.
Hyundai flags concerns with 'changes' by Indian govt ahead of planned Rs 25,000 crore IPO
Hyundai, which plans to raise Rs 25,000 crore through the Indian stock market by selling a 17% equity stake in the local unit, flagged the importance of stable policies for confidently making technological upgrades. They also highlighted concerns about localisation norms like PLI for automotive technology, aiming to reduce import dependence and lower manufacturing costs with significant initial capital investments.
ETMarkets SME Talk: This EPC company got license to supply helmets, and bulletproof jackets for defence forces
"Atmastco started with the trading of steel and industrial products, then into engineering and steel fabrication. We have done several fabrication and supply of more than 150000 MTns fabricated heavy steel structures for customers like BHEL, L&T MHI, EIL, NMDC, Railways etc."
Additional Rs 1,290-crore equity will enable IREDA to leverage seven time and finance more green projects: CMD
IREDA’s focus is not only on renewable energy development support, but also to decarbonise energy transition because the Panchamrit target that we have, not only 500 GW of RE installation has to be done by 2030 but also the NDC target also we have to achieve. What it means is another additional 320 gigawatts of RE is to be installed at the same time, approximately 30 to 35 GW of thermal is going to be installed.
RIL AGM 2023: Here are all key highlights and big announcements
RIL AGM 2023: Chairman Mukesh Ambani made a range of important announcements, spanning from Jio True 5G to Jio Smart Home Services, changes in company's board structure, during the 46th Annual General Meeting (AGM) of Reliance Industries (RIL). Mukesh Ambani said that it's a 'New Reliance,' a modern-age technology-driven entity that has unique capabilities.
Infertile lands, barren fields for livestock: India's plan for clean energy plants comes at a great cost
The industry is fruitful in some ways - hundreds of trucks stacked with mineral-rich soil journey back and forth regularly between the mine and processing plants - but it is damaging in others. Farmers say their fields are stripped of fertile earth and livestock desperately comb through now-barren lands for feed.
Stock market update: Nifty Auto index falls 0.08%
The Nifty Auto index closed 0.08 per cent down at 15513.8.
Adani move, YES Bank share sale, global markets to decide D-Street fate this week
The weakness in domestic equities last week is likely to spillover into the week ahead as clouds of uncertainties persist. This week's major events to watch include the potential sale of stake in YES Bank by some of the lenders, and the release of inflation data from India and the US. Global macro environment is extremely crucial for Indian markets now. US inflation and the Fed's aggressive stance plus the Silicon Valley Bank crisis will be major triggers.
Stock market update: Nifty Auto index falls 0.03% in an upbeat market
The Nifty Auto index was trading 0.03 per cent down at 13150.3.
Stocks in the news: Archean, Five Star, ONGC, Tata Motors, NMDC and Zomato
Archean Chemicals and Five Star Business Finance will make their Dalal Street debut on Monday after both company's issue aggregating to Rs 1,462 crore and Rs 1,960 crore, respectively were open between November 9-11.
Getting nod for IPOs could take longer as Sebi turns more vigilant
Investment bankers and primary market watchers said the Securities and Exchange Board of India (Sebi) has tightened checks on IPO-bound companies after investors lost money in some of last year's public offers, delaying approvals to launch issues.
CPI, IIP numbers and Q2 earnings among 8 factors that will steer market this week
Ajit Mishra, VP - Research, Religare Broking, said that markets were gradually inching higher towards record highs; however, volatility on the global front is capping the momentum so far.
71 IPOs worth more than Rs 1 lakh crore are waiting to hit Dalal Street
The largest IPO during this period, also the largest Indian IPO ever, was from LIC for Rs 20,557 crore. This was followed by Delhivery (Rs 5,235 crore) and Rainbow Children's (Rs 1,581 crore). Only 1 of the 14 IPOs (Delhivery) was from a new age technology company (NATC), pointing toward the slowdown in IPOs from this sector. The average deal size was a high Rs 2,533 crore.
Stocks in the news: TMB, Vedanta, Tata Steel, GR Infra and Balaji Amines
The century old private lender Tamilnad Mercantile Bank will make its debut at Dalal Street on Thursday. Its had raised Rs 831.6 crore via its IPO between September 5-7 by selling its shares in the range of Rs 500-525.
India@75: 40 multibaggers that rallied up to 425% since last Independence Day
As many as 40 stocks across the sectors have rallied 100-425 per cent since the last Independence Day, rewarding the investors, the data from Ace Equity suggests. Despite the inflationary pressure, strong FII pullout, depreciating rupee, rising crude oil prices, interest rate hikes and geopolitical crises, these stocks have been able to hold ground with sharp upside in the last 12 months.
What's ailing tech stocks despite decent Q1 numbers? Chakri Lokapriya answers
"I think cement is clearly a good way to play the real estate theme. JK Cement, Ramco Cement or Dalmia Bharat have corrected a lot due to commodity price pressure, higher raw material costs, lower demand, and the CCI probe. So, I think now they are at an interesting juncture in terms of valuations which are very cheap and volumes which can only increase. For JK Cement, the white putty demand is picking up."
Stocks in the news: HDFC Bank, Voda Idea, JSPL, Federal Bank, LLTS and Vedanta
Bank of Maharashtra, Alok Industries, Heidelberg Cement, Ganesh Housing, Bhansali Engineering and Nelco are among the company that will announce their quarterly earning for the quarter ended June 2022.
Maker of Xiaomi and Nokia phones Bharat FIH gets nod for Rs 5,000 cr IPO
"While we have historically been able to finance our capital expenditure through equity contributions from the promoter selling shareholder, Wonderful Stars, this may not be the case once we are a publicly-listed company. We will have to finance our future growth from internal accruals and through external debt financing and equity fund raising," the company said in its DRHP.
Bharat FIH gets Sebi nod to float IPO
Separately, market regulator SEBI has also sought clarifications from Lava Mobiles for its Rs 1500 crore IPO. The Noida-based smartphone brand and contract manufacturer had filed the draft prospectus in September 2021 that stated a fresh issue of equity shares worth Rs 500 crore, and an offer for sale component of 43,727,603 equity shares.
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