Between September 22 and 26, as many as 11 mainboard IPOs are opening for public subscription. In this video, we break down every single one of them — dates, price bands, issue sizes, lot details, company background, fund utilisation, and the latest Grey Market Premium (GMP) trends. The 11 IPOs opening this week are: Jain Resource Recycling Seshaasai Technologies Jaro Education Solarworld Energy Solutions Anand Rathi Share & Stock Brokers Ganesh Consumer Products Atlanta Electricals Jinkushal Industries BMW Ventures TruAlt Bioenergy Stay tuned till the end for all the key details and trends you need before deciding whether to subscribe!
Prostarm IPO GMP: The inverter-maker's IPO entirely comprises a fresh issue of 1.6 crore equity shares at a price band of Rs 95-105 per share
Retail investors have booked their reserved portion 29.47 times. The portion reserved for Qualified Institutional Buyers (QIBs) is yet to be fully booked and has been subscribed 84%.
Laxmi Dental IPO Day 1: The portion reserved for non-institutional investors was subscribed 10.85 times.
Ahead of the listing, Quadrant Future Tek’s unlisted shares were trading with a GMP of around 72.41% at Rs 500 per share
Orient Technologies, which is set to list on August 28, has a grey market premium (GMP) of Rs 82 against its price band of Rs 195-206 per share. Premier Energies, which plans to list on September 3, shows a GMP of Rs 330 against its price band of Rs 427-450 per share.
Recently listed Mankind Pharma surged over 30 percent on listing day from its price band while Ikio Lighting Ltd shares debuted over 56 percent premium from its issue price
The manufacturing facility will enhance the company's capability to manufacture drug substance of monoclonal antibodies portfolio.
Market watchers expect it to recover in a day or two
In yet another busy week for the primary market, Star Health is trading at a discount in the grey market ahead of its listing but Tega Industries, Anand Rathi, RateGain Travel, and others are trading at a premium
The approval was received from the National Institute of Pharmacy and Nutrition, Hungary certifying the GMP for the manufacture of Covaxin.
With 50,000 parking spots in Delhi and appreciation by honorable PM Narendra Modi for their work in Kumbh Mela, they are now market leaders in mobile-based smart parking technology.
"Shilpa received GMP compliance certificate for two active pharmaceutical ingredient (API) sites from Pharmaceuticals and Medical Devices Agency, Japan," the Karnataka based pharma company said.
"The company has undergone recently an inspection at its L1-Chikalthana, Aurangabad manufacturing facility by UK MHRA and have received a communication confirming the closure of the inspection and issuance of an unrestricted GMP certificate," the pharma company said in its filing.
The company says that the site was inspected by EU authorities in March and has been certified as compliant with the guidelines. "The facility is capable of manufacturing liquid injectables in Vials, Ampoules, Lyophilized Vials and Opthalmic dosages," it says in a statement to the exchanges.
Adhish Patil, CFO, Aarti Drugs, says the contribution of exports to revenue is likely to increase to 40 percent. The company got WHO good manufacturing practice (GMP) for the anti-diabetic drug in the first week of June.
Shares of Wockhardt rallied 5.4 percent intraday Thursday after the US health regulator has not found any issues at Chikalthana plant.
Investors queued up for buying shares of Sharon Bio Medicine on Wednesday after the pharma company received good manufacturing practices certificate for its Uttarakhand unit. The stock is locked at 10 percent upper circuit.
What do an IT services company, a gas company, a pizza & donut shop, a financial services company and india's largest gold loan company have in common? They all passed rigourous quantitative performance tests to qualify as nominations for most promising company of the year award at CNBC TV18's India Business Leader Awards (IBLA).