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Standard Glass Lining Technology Limited, a well-known provider of engineering solutions for the pharmaceutical and chemical industries, is gearing up for its Initial Public Offering (IPO). Scheduled to open on January 6, 2025, the IPO aims to raise ₹410.05 crore to support its growth and business objectives. IPO Key Details Issue Size : The IPO includes a fresh issue of 1.50 crore equity shares, amounting to ₹210 crore, along with an offer-for-sale (OFS) of 1.43 crore shares worth ₹200.05 crore. Price Band : Shares are priced between ₹133 and ₹140 per share. Lot Size : Investors can bid in lots of 107 shares, making the minimum investment approximately ₹14,980. Subscription Period : January 6, 2025, to January 8, 2025. Listing Date : The company is expected to list its shares on the BSE and NSE on January 13, 2025. Purpose of the IPO The proceeds from the IPO will be utilized for: Capital Expenditure : ₹10 crore will go toward acquiring machinery and equipment...

Deltic, a notable name in the electric vehicle (EV) industry, is gearing up to launch its Initial Public Offering (IPO). This significant move aims to bolster its position in the rapidly growing EV market, reflecting its commitment to innovation and eco-friendly mobility solutions. IPO Details Issue Size: The company plans to offer up to 4,200,000 equity shares with a face value of ₹10 each. Price Band: Shares are priced between ₹123 and ₹130. Minimum Investment: Investors can apply for a lot size of 1,000 shares, which translates to a minimum investment between ₹123,000 and ₹130,000. Schedule: Opening Date: January 7, 2025 Closing Date: January 9, 2025 About Deltic Deltic is a prominent Indian manufacturer specializing in electric two- and three-wheelers. Their portfolio includes e-scooters, e-rickshaws, and cargo vehicles, designed to provide cost-effective and environmentally friendly transportation. With a focus on affordability and sustainability, t...

Indo Farm Equipment Limited, a prominent manufacturer in the Indian agricultural machinery market, has launched its much-anticipated Initial Public Offering (IPO). The company aims to raise ₹260.15 crore to fund expansion, reduce debt, and support other business goals. Company Background Founded in 1994, Indo Farm Equipment is known for its high-quality tractors, cranes, and harvesting machinery. Operating under the brands Indo Farm and Indo Power, the company caters to both domestic and international markets, exporting to countries like Nepal, Myanmar, and Sudan. Its primary production facility in Baddi, Himachal Pradesh, boasts an annual output capacity of 12,000 tractors and 1,280 cranes, with plans underway for further expansion. IPO Details Issue Size : ₹260.15 crore, comprising ₹184.9 crore as a fresh issue and ₹75.25 crore as an offer for sale. Price Band : ₹204 to ₹215 per share. Minimum Lot Size : 69 shares, requiring an investment of ₹14,835 at the lower p...

ITC Limited, one of India's largest conglomerates, has announced the demerger of its hotel business into a separate entity, ITC Hotels. This strategic move, effective from January 1, 2025, marks a significant shift in the company’s structure and operational focus. Shareholding and Financial Details Share Allocation: Post-demerger, ITC Limited shareholders will directly hold a 60% stake in ITC Hotels. The remaining 40% will be retained by ITC Limited. Capital Transfer: To support ITC Hotels’ growth initiatives, ITC Limited will transfer ₹1,500 crore to the new entity, ensuring smooth operations and funding for future expansions. Key Dates for Investors Record Date: January 6, 2025, has been set as the date to determine shareholders eligible for receiving ITC Hotels shares. Listing Timeline: ITC Hotels’ shares are expected to be listed on the stock exchanges within 60 days of receiving approval from the National Company Law Tribunal (NCLT) on December 16, 20...

Mamata Machinery, a prominent player in the packaging machinery industry, made waves in the stock market with its highly successful Initial Public Offering (IPO). Listed on December 27, 2024, the shares made a robust debut on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), opening at ₹600 per share. This marked a remarkable 147% premium over the IPO issue price of ₹243. Key IPO Highlights The IPO was launched with a price band of ₹230–₹243 per share, aiming to raise ₹179.39 crore. This offering consisted of 74 lakh shares, sold by promoters and other stakeholders. Investor response was exceptional, with the issue being oversubscribed by 194.95 times. This strong interest came from retail participants, institutional investors, and high-net-worth individuals, demonstrating widespread confidence in the company. Grey Market Premium and Listing Gains Prior to its market debut, Mamata Machinery’s shares were trading at a grey market premium (GMP...

Lotus Developers Ltd, a prominent player in Mumbai’s real estate market, has taken a significant step toward launching its Initial Public Offering (IPO) by submitting its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The company aims to raise approximately ₹800 crore to ₹1,000 crore through this public offering, reinforcing its position in the competitive real estate sector. Company Overview Founded in 2003 by Anand Pandit, Lotus Developers has made a name for itself in the luxury real estate market in Mumbai. Specializing in high-end residential and commercial projects, the company has established a portfolio of iconic developments. Notable Projects: Residential: Projects like Lotus Anaya, Lotus Araya, Lotus Amalfi, and Lotus Atlantis highlight the company's focus on luxury living. Commercial: Developments such as Lotus Corporate Park, Lotus Business Park, and Lotus Signature showcase its expertise in creating premium commercia...