Category: IPO

Jupiter Life Line Hospitals, a well-established multi-specialty healthcare provider in the western region of India, had a strong listing on the NSE on September 18, 2023. The stock gained 46.36% over the issue price, reflecting the robust IPO subscription and the company's healthy financial performance. The company plans to use the IPO proceeds to repay debt and expand its operations.

Jiwanram Sheoduttrai Industries, a manufacturer and exporter of industrial safety gloves and garments, listed on NSE Emerge at a 30% premium to issue price on September 18. However, the stock fell 5% and hit the lower circuit soon after listing. The company's IPO was subscribed 105.15 times, with retail investors buying 151.6 times the allotted quota. The company will use the proceeds from the IPO for working capital requirements and debt repayment.

Vaibhav Jewellers IPO is launching on September 22-26, with a price band of Rs 204-215 per share. The company has a strong track record of growth and is expanding its reach. The IPO is reasonably priced and offers investors an opportunity to invest in a growing business.

Zaggle IPO subscribed 43% on Day 2, with retail investors providing good support. However, the response from HNIs and QIBs was lukewarm. The company is bringing the issue at a price band of Rs 156-164 per share at a P/E multiple of 87x on an issue FY23 basis. Analysts are cautious about the IPO given the lukewarm response from QIBs and the aggressive pricing. They advise investors to do their own research and invest carefully.

RR Kabel's IPO was subscribed 18.64 times on the final day of bidding. The QIB and HNI categories saw the highest subscription, while retail investors showed lower interest. The company is expected to list on the BSE and NSE on September 26.

Kahan Packaging shares listed at a strong premium on the BSE SME platform today, reflecting the strong investor interest in the company.

Arm Holdings' IPO was a success, with retail traders placing more buy orders for the chip designer than for Tesla and Nvidia. The surge in retail demand underscores the appetite for potential winners in the artificial intelligence frenzy. The success of Arm's IPO is a positive sign for the broader IPO market and paves the way for more tech IPOs in the coming weeks.

Yatra Online, the third-largest online travel company in India, raised Rs 348.75 crore from anchor investors ahead of its IPO. The company will launch its Rs 775-crore IPO on September 15, comprising a fresh issuance of shares worth Rs 602 crore and an offer-for-sale (OFS) of 1,21,83,099 equity shares worth Rs 173 crore. The proceeds from the IPO will be used for strategic investments, acquisitions and inorganic growth, customer acquisition and retention, technology, and other organic growth initiatives.

Signature Global, an NCR-based real estate company, is set to launch its IPO on September 20. The company is targeting to raise ₹730 crore through the IPO, which will be used to fund its ongoing and upcoming projects. The IPO is expected to be well-received by investors, given the company’s strong fundamentals and growth potential. The company has a track record of execution and is committed to providing quality homes to its customers. It is confident of achieving its target of becoming among the top-five real estate players in India in the next few years.

The Rs 1,964-crore IPO of RR Kabel, backed by TPG, was subscribed 1.39 times on the second day of bidding. HNIs bid 2.1 times, QIBs 1.65 times, retail investors 95%, and employees 1.52 times. The company will use the proceeds to repay debts and for general corporate purposes. The IPO closes on September 15.