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Showing posts from June, 2025

Indogulf Cropsciences IPO subscribed 26 times on Final Day

The Initial Public Offering of Indogulf Cropsciences Limited was subscribed 25.98 times on the final day of bidding. The issue received bids of 34,72,66,170 shares against the offered 1,33,65,710 equity shares, at a price band of ₹105-111, according to the data available on the stock exchanges. Non-Institutional Investors Portion and Qualified Institutional Buyer Portion and were subscribed 48.39 times and 33.26 times respectively, whereas Retail Portion and Employee Portion was subscribed 14.78 times and 1.09 times respectively . Systematix Corporate Services Limited is the sole book-running lead manager, and Bigshare Services Private Limited is the registrar of the issue. Company Information Indogulf Cropsciences commenced its operations in 1993 and primarily operate under three business verticals namely crop protection, plant nutrients and biologicals, to retail and institutional customers focused on improving the crop yield. It is engaged in the business of manuf...

Gujarat-based German Green Steel and Power files DRHP for IPO

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Gujarat-based German Green Steel and Power Limited has filed its draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).  The IPO, with a face value of ₹10 each, is a mix of fresh issue of up to Rs 450 crore with an offer for sale up to 10,00, 000 equity shares by Inamulhaq Shamsulhaq Iraki and 10,00,000 equity shares by Abdulhaq Shamsulhaq Iraki. The proceeds from its fresh issuance to the extent of Rs 325.21 crore for funding the capital expenditure requirements of the company towards expansion of its manufacturing facility at Samakhiyali, Kutch, Gujarat and hybrid wind and solar power plant (“Project”); Rs 55.01 crore for prepayment or repayment, in full or part, of certain outstanding borrowings availed by the Company; general corporate purposes. The company, in consultation with the book-running lead managers, may consider a pre-IPO placemen...

Indian Government Successfully Evacuates Over 4,400 Indians Under Operation Sindhu

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New Delhi–  The Government of India launched Operation Sindhu on 18th June as a major rescue initiative to evacuate Indian nationals stranded in West Asia amid rising tensions between Israel and Iran. As of  28th June , a total of 4,415 Indian citizens have been safely brought back home from conflict-affected areas in Iran and Israel. The large-scale evacuation was carried out through 19 special flights, including three Indian Air Force (IAF) C-17 aircraft. In a gesture of regional solidarity, the Government of India also extended humanitarian assistance to citizens from neighboring countries. Among those evacuated from Iran were 14 OCI cardholders, 9 Nepali nationals, 4 Sri Lankan nationals, and 1 Iranian spouse of an Indian national. According to an official statement by the MEA, Indian embassies in Tehran, Yerevan, and Ashgabat coordinated closely to facilitate the safe passage of evacuees, including via land border crossings. The majority of evacuations from Iran were rout...

KLOOK UNVEILS ‘THE BEST YOU’, A DIGITAL-FIRST CAMPAIGN WITH BHARTI SINGH, CELEBRATING PERSONAL TRANSFORMATION THROUGH TRAVEL

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Mumbai, Klook, the travel and experiences platform redefining how Asia explores the world, has launched its latest brand campaign in India titled ‘The Best You’—a storytelling-led initiative that spotlights the emotional and experiential power of travel. At the heart of the campaign is India’s comedy icon Bharti Singh, who embarks on a journey not for laughs, but for rediscovery. The campaign comes to life through a newly launched brand film (Bharti Singh's Best Self in Dubai! ✨ - YouTube) that captures Bharti’s emotional transformation across immersive travel moments. Klook’s ‘The Best You’ campaign in India, featuring Bharti Singh, brings forward a simple but resonant idea: Travel isn’t just about where you go—it’s about who you become along the way. New Chapter for Bharti Singh and Travel Storytelling Known for her wit, candour, and resilience, Bharti Singh has faced years of public scrutiny—from body shaming to societal expectations. This campaign reframes her narrative by plac...

Indogulf Cropsciences IPO subscribed 94% on Day 2; Retail Portion Fully Subscribed

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The Initial Public Offering of Indogulf Cropsciences Limited was subscribed 94% on the second day of bidding. The issue received bids of  1,24,97,220  shares against the offered  1,33,65,710  equity shares, at a price band of ₹105-111, according to the data available on the stock exchanges. Retail Portion and Non-Institutional Investors Portion were subscribed 1.55 times and 85% respectively, whereas Qualified Institutional Buyer Portion and Employee Portion was subscribed 5% and 15% respectively. The issue kicked off for subscription on Tuesday, June 26, 2025, and will close on  Monday, June 30, 2025 . Leading brokerage firms like  Hem Securities, Mastertrust Capital, Adroit, Anand Rathi, Can Money Securities, BP Wealth, Ventura Securities, SMIFS, Marwadi Financial Services, and Prithvi Finmart  have given a “Subscribe” rating to the issue highlighting the company’s positioned itself as one of first few indigenous manufacturers of ...

Crizac Limited’s Initial Public Offering to open on Wednesday, July 2, 2025, price band set at ₹233/- to ₹245/- per Equity Share

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Mumbai,  June 27, 2025 : Crizac  Limited has fixed the price band of  ₹233/-  to  ₹245/-  per Equity Share of face value ₹2/- each for its maiden initial public offer. The Initial Public Offering (“ IPO ” or  “Offer” ) of the Company will open on  Wednesday, July 2, 2025 , for subscription and close on  Friday, July 4, 2025 . Investors can bid for a minimum of 61   Equity Shares and in multiples of 61   Equity Shares thereafter. The IPO is entirely an offer for sale up to equity shares aggregating to Rs 723 crore and Rs 137 crore by Pinky Agarwal and Manish Agarwal respectively. Crizac Ltd is a B2B education platform for agents and global institutions of higher education offering international student recruitment solutions to global institutions of higher education in United Kingdom, Canada, Republic of Ireland, Australia and New Zealand (ANZ). During the last three fiscals, it has processed over 7.11 lakh student applications while...

Indogulf Cropsciences IPO subscribed 40% on Day 1

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The Initial Public Offering of Indogulf Cropsciences Limited was subscribed 40% on the first day of bidding. The issue received bids of  53,87,850  shares against the offered  1,33,65,710  equity shares, at a price band of ₹105-111, according to the data available on the stock exchanges. Retail Portion and Non-Institutional Investors Portion were subscribed 69% and 27% respectively, whereas Qualified Institutional Buyer Portion and Employee Portion was subscribed 5% each. The issue kicked off for subscription on Tuesday, June 26, 2025, and will close on  Monday, June 30, 2025 .  A day before the opening of the issue, Indogulf Cropsciences Ltd raised Rs 58.20 crores from anchor investors. Some of the marquee Institutions that participated in the anchor includes Abakkus Diversified Alpha Fund, Viney Growth Fund, Swyom India Alpha Fund, Sunrise Investment Trust- Sunrise Investment Opportunities Fund and Rajasthan Global Securities Priv...

Team InCred Money

The National Stock Exchange of India (NSE), one of the world’s largest exchanges, has long been on the radar of investors awaiting its much-anticipated IPO. But its road to listing has been anything but smooth. Since first announcing its IPO plans back in 2016, the exchange has faced a series of regulatory and governance hurdles that have kept its listing in limbo for nearly a decade. Today, however, that logjam appears to be finally breaking. Several critical issues that had stalled NSE’s IPO are now close to resolution. Chief among them was the concern raised by the SEBI regarding NSE’s ownership of its clearing subsidiary—NSE Clearing Ltd. (NCL). The regulator flagged this as a potential conflict of interest, given the vertically integrated structure of the exchange and its clearing arm. After years of back and forth, this issue has now been addressed, paving the way for regulatory comfort. Another major sticking point was the co-location case—a governance issue that cast a shadow o...