Investors can bid for a minimum of four shares and in multiples of four shares thereafter. The offer closes on January 31
The bulk packaging solutions provider raised Rs 66.30 crore by issuing 1.02 crore shares via the public issue.
Sah Polymers offers customised bulk packaging solutions to companies catering to several industries including agro pesticides, cement, chemical, fertilizer, food products, ceramic, and steel.
Sah Polymers | Shares of the company were trading at a 10-15% premium over the issue price in the grey market, analysts have said
Radiant Cash Management Services opened higher at Rs 103 against the issue price of Rs 94.
Sah Polymers IPO | The customised bulk packaging solutions provider launched its Rs 66.3-crore public issue for subscription on December 30, with a price band of Rs 61-65 per share.
Much lower-than-expected response to its IPO caused the maximum pain to the listing performance, though equity market volatility can be another reason.
The portion set aside for retail investors and high networth individuals were fully booked on first day itself. Retail investors subscribed 4.57 times the allotted quota, while HNIs quota fetched 1.43 times bids.
Elin Electronics traded with a volume of 6.75 lakh shares on the BSE and 80.19 lakh shares on the NSE.
Sah Polymers IPO | The IPO is a fresh issue of 1.02 crore equity shares. There is no OFS component to the issue. Sah Polymers’ profit for FY23 grew by 244 percent to Rs 4.4 crore, while revenue climbed 46.2 percent to Rs 80.5 crore, compared to the previous year. Exports accounted for over than 55 percent of the topline.
Experts feel that investors should hold on to their shares with a mid-to-long-term perspective as they believe there is immense potential in the EMS industry in India.
Between December 20-22, Elin’s public issue was subscribed 3.09 times, with qualified institutional buyers (QIBs) putting in applications for 4.51 times the allotted quota
Though reasonably priced, the sour market sentiments, coupled with the under-par debut of recent IPOs, sank the hopes of a strong listing by this electronics manufacturing services provider.
This was the fifth weak debut this month. Landmark Cars, Abans Holdings, Sula Vineyards, and Uniparts India — all closed significantly lower on their first day out.
Sah Polymers says it has finalised allocation of 45.9 lakh shares at a price of Rs 65 per share, the upper end of price band.
KFin stock price largely discounted all positives. Hence, analysts advised to hold the shares for long term citing asset-light business model, bright prospects, diverse products portfolio, and being a proxy play to mutual fund industry growth in India.
KFin Technologies provides services and solutions to asset managers and corporate issuers has raised Rs 1,500 crore via public issue which was entirely an offer for sale by promoter General Atlantic Singapore Fund Pte Ltd.
KFin Tech IPO is expected to be a victim of the market volatility as experts predict that the stock will debut on December 29 with marginal discount
Radiant provides retail cash management services, consists of collection and delivery of cash, for banks, financial institutions, and organized retail and e-commerce companies in India.
Radiant Cash Management Services aims to mop up Rs 388 crore via its maiden public issue at the upper end of the price band of Rs 94 - Rs 99 apiece.
The stock hit an intraday low of Rs 218.40 in the afternoon and stuck there till the closing. It hit a 20 percent lower circuit on the NSE, while on the BSE, too, it closed at a 20 percent lower circuit of Rs 216.
Radiant Cash Management Services aims to mop up Rs 388 crore via maiden public issue, at upper end of price band of Rs 94-99 per share.
Cholamandalam Securities has come out with its report on Radiant Cash Management Services. The research firm has recommended to “ Subscribe With Cautious” the ipo in its research report as on December 23, 2022.
Hem Securities has come out with its report on Radiant Cash Management Services. The research firm has recommended to “ Subscribe” the ipo in its research report as on December 22, 2022.