IPO News Updates (Nov 29, 2024): Enviro Infra debuts at 48.6% premium, Apex Ecotech IPO booked 457 times

The last trading session of November, on Friday, was also quite a busy day for the primary market. Investors participated in the primary markets by placing bids for the SME issues of Ganesh Infraworld, Suraksha Diagnostic, Apex Ecotech, and Abha Power and Steel Limited. Enviro Infra Engineers made a strong debut, while Lamosaic India shares were listed at a discount.

Enviro Infra Engineers listing

Enviro Infra Engineers shares made a strong debut on the NSE and BSE. The stock listed at ₹220 apiece on the NSE with a premium of 48.65% against the issue price of ₹148 per share. The company’s stock listed at ₹218 apiece at a premium of 47.3% on the BSE. Enviro Infra Engineers shares closed at ₹207.16 apiece on the NSE, up by 5.84% on the NSE.

Enviro Infra Engineers IPO was worth ₹650.43 crore and consisted of a fresh issue of 3.87 crore shares aggregating to ₹572.46 crores and an offer for sale of 53 lakh shares aggregating to ₹77.97 crore. The issue was open for subscription from November 22 to November 26.

Lamosaic India listing

Lamosaic India Ltd shares made a weak debut on the NSE SME platform Emerge. The stock listed at ₹164 apiece on the NSE with a discount of 18% against the issue price of ₹200 per share. Lamosaic India shares closed at ₹172.2 apiece on the NSE, up 5%.

Lamosaic India IPO was worth ₹61.2 crore and consisted of a fresh issue of 30.6 lakh shares. The issue was open for subscription from November 21 to November 26.

Ganesh Infraworld Limited IPO day 1

Ganesh Infraworld IPO was booked 2.39 times in the retail category and 1.24 times in the Non-Institutional Investors’ (NIIs) category. The company has received bids for 3,200 shares from Qualified Institutional Buyers (QIB) against the 21,37,600 shares set aside for the segment.

Ganesh Infraworld IPO is worth ₹98.58 crore and consists of an entirely fresh issue of 1.19 crore shares. The price band for the SME issue has been fixed at ₹78 to ₹83 per share. Retail investors can apply for the issue by placing bids for a minimum of 1,600 shares, aggregating to an investment of ₹1,32,800.

The bidding window for Ganesh Infraworld's IPO is scheduled to close on December 3. The tentative listing date for Ganesh Infraworld Limited’s shares is December 6. The company will be listed on the NSE SME platform Emerge.

Suraksha Diagnostic IPO booked 11% on first day

Suraksha Diagnostic IPO (Suraksha Diagnostic Limited IPO) opened for subscription on November 29. The mainboard issue saw weak demand on the first day of bidding. The public issue received bids for more than 14,58,872 lakh shares against the 1,34,32,533 shares offered for subscription. The issue was booked 11% on the first day of bidding.

Suraksha Diagnostic IPO was booked 20% in the retail category and 4% in the NIIs’ category on the first day of subscription. The company has reserved 38,37,867 shares for the Qualified Institutional Buyers (QIB) category. The QIBs did not submit any bid on the first day.

Suraksha Diagnostic Limited aims to raise ₹846.25 crore through an offer for sale of 1.92 crore shares. The price band for the mainboard issue has been fixed at ₹420 to ₹441 per share. Retail investors can apply for the issue by placing bids for a minimum of 34 shares which aggregates to an investment of ₹14,994.

The Suraksha Diagnostic IPO subscription window is scheduled to close on December 3. The tentative listing date for Agarwal Toughened Glass India Limited’s shares is December 6. The company will be listed on the NSE and BSE.

Agarwal Toughened Glass India IPO Day 2

Agarwal Toughened Glass India aims to raise ₹62.64 crore and consists of a fresh issue of 58 lakh shares. The SME issue’s share allotment status will likely be finalised on December 3. The tentative listing date for Agarwal Toughened Glass India shares is December 5. Shares of Agarwal Toughened Glass India will list on the NSE SME platform Emerge.

Apex Ecotech IPO subscribed 457 times on last day

On the final day of subscription, Apex Ecotech IPO was booked 457.15 times. It was subscribed 329.64 times in the retail category and 1,180.02 times in the NII category. The issue was booked 136.68 times in the QIB category.

Apex Ecotech IPO is worth ₹25.54 crore and comprises a fresh issuance of 34.99 lakh shares. The SME issue’s share allotment status is likely to be finalised on December 2. The tentative listing date for Apex Ecotech Limited’s shares is December 4. Shares of Apex Ecotech Ltd will list on NSE Emerge.

Abha Power and Steel IPO day 3

Abha Power and Steel IPO was booked 17.55 times on the final day of subscription. Abha Power and Steel IPO was subscribed 24.93 times in the retail category and 9.16 times by the NIIs. The issue received bids for 24.56 lakh shares from the QIBs.

Abha Power and Steel IPO is worth ₹38.54 crore and comprises a fresh issuance of 41.39 lakh shares amounting to ₹31.04 crore, along with an offer-for-sale of 10 lakh shares aggregating to ₹7.5 crore. The SME issue’s share allotment status is likely to be finalised on December 2. The tentative listing date for Abha Power and Steel Limited’s shares is December 4. Shares of Abha Power and Steel will be listed on the NSE Emerge platform.

Upcoming IPOs next week

Two new public issues- Nisus Finance Services Co IPO and Emerald Tyre Manufacturers IPO will open for subscription in the first week of December. Additionally, shares of Abha Power and Steel Limited, Apex Ecotech Limited, Agarwal Toughened Glass India Limited, Suraksha Diagnostic Limited and Ganesh Infraworld Limited will make their D-street debut between December 4 and December 8.