GAGA Share Market News

[hfe_template id='11223'] [ad_1] After a strong subscription for the IPO, Shri Ahimsa Naturals will debut on the NSE SME platform today. The GMP is currently at 16% over the issue price of Rs 119 apiece. The company offered 62 lakh shares to investors, which included a fresh equity sale of 42.03 lakh shares and an offer for sale (OFS) of 19.99 lakh shares. The issue was booked nearly 63 times as non-institutional investors piled on bids 182 times more than that are reserved for them. Shri Ahimsa started operations in 1990 and is involved in extracting and manufacturing Caffeine Anhydrous Natural, Green Coffee Bean Extracts (GCE), and Crude Caffeine. It also trades in other herbal extracts. These products are used in the food and beverage, nutraceutical, cosmetics, and pharmaceutical industries due to their health benefits. The company primarily sources crude caffeine from decaffeination plants in Vietnam, Mexico, and other countries. Crude caffeine, a by-product of these...

[hfe_template id='11223'] [ad_1] Shares of Enviro Infra Engineers, which recently got listed on the exchanges in November, witnessed a massive spike in the trading volumes as the stock rose by a whopping 33% in just days to its fresh high of Rs 392.00 today on the BSE. The company had fixed an upper price band of Rs 148 for the IPO and the stock debuted on the BSE at Rs 218. From its IPO price, the stock has already given multibagger returns of nearly 164%. Around 10:30 am today, the stock’s traded volume stood at 284.75 lakh shares with a traded value of Rs 993.73 crore on the NSE. Meanwhile, the total traded quantity on the BSE was 18.84 lakh shares. The company’s market capitalization stands over Rs 6,000 crore as of now. The IPO, which closed on November 26, was met with overwhelming enthusiasm, with an 89.9x oversubscription. The IPO consisted of a fresh issue of 3.87 crore equity shares and an offer-for-sale of 52.68 lakh shares by the selling shareholders (promote...