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] PS Raj Steel shares are set to debut on the NSE SME platform today, Wednesday, February 19. Ahead of the listing, the company's shares are reflecting no Grey Market Premium (GMP), indicating a 0% listing gain over their IPO price. Thus, the GMP indicates a flat demand among the market participants as the premium in the grey markets. PS Raj Steels IPO was priced in the range of Rs 132-140 apiece, where investors had to make a bid for at least 1,000 shares in one lot and in multiples of 1,000 thereafter. However, it is important to recognize that the GMP is merely an indicator of how a company’s shares are performing in the unlisted market and can fluctuate rapidly. GMP serves as a gauge of investor demand, with a higher premium indicating strong interest in the IPO, while a lower or negative premium reflects weaker demand. The IPO of PS Raj Steels received a strong response from investors, with an overall subscription of 9.89 times at ...

[hfe_template id='11223'] [ad_1] Voler Car shares will hit the bourses today as they are set to be listed on the NSE SME platform on Wednesday, February 19. Ahead of their listing, the shares of the company are trading with a grey market premium (GMP) of Rs 4-5 or 5% in the unlisted market. Thus, the GMP indicates a decent demand among the market participants as the premium in the grey markets are only marginally higher from the upper band of the IPO price. Voler Car IPO was priced in the range of Rs 85-90 apiece, where investors had to make a bid for at least 1,600 shares in one lot and in multiples thereafter. However, it is important to recognize that the GMP is merely an indicator of how a company’s shares are performing in the unlisted market and can fluctuate rapidly. GMP serves as a gauge of investor demand, with a higher premium indicating strong interest in the IPO, while a lower or negative premium reflects weaker demand.The IPO of Voler Car witnessed a healthy...

[hfe_template id='11223'] [ad_1] The shares of Dhanlaxmi Crop Science will debut on the NSE SME platform on Monday. Ahead of the listing, the company's shares were trading with a GMP of Rs 50 in the grey market. Considering the upper price band of Rs 55, the stock is expected to list with maximum gains of 90% over issue price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The net proceeds from the public offer will be used for working capital requirements, issue expenses and general corporate purposes. The IPO, which was completely a fresh equity sale of 43.28 lakh shares, received overwhelming response from investors with a subscription of 550 times at close. Dhanlaxmi Crop Science is a technology driven seeds company that develops, produces, processes and sells seeds for a range of field crops and vegetables, have more than ...

[hfe_template id='11223'] [ad_1] The shares of United Heat Transfer debuted on the NSE SME platform at a premium of 3.3% on Tuesday. The stock listed at Rs 60.95 as against an issue price of Rs 59. Considering the upper price band of Rs 380, the stock is expected to list at a premium of 29% over the issue price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The net proceeds from the public offer will be used for funding of repayment of loans, working capital requirements and other general corporate purposes. The company is engaged in the manufacture of a range of shell and tube heat exchangers, air-cooled heat exchangers, pressure vessels, and process flow skids equipment which are used as critical types of equipment for petrol and diesel engines, railway engines, maritime engines, cruse and cargo ships, ferries, pleasure boats, a...

[hfe_template id='11223'] [ad_1] The shares of Premium Plast will debut on the NSE SME platform on Monday. Ahead of the listing, the company's shares are trading with a GMP of Rs 9. Considering the upper price band of Rs 49, the stock is expected to list at a premium of 19% over the issue price. The IPO was entirely a fresh equity sale of 53.46 lakh shares and through the issue, the company raised about Rs 26.2 crore. The net proceeds from the public offer will be used for the expansion of the existing manufacturing facility, funding of capital expenditure requirements, repayment of debt, general corporate purposes, and issue-related expenses. Premium Plast is a tier-1 (tier-1 companies are companies that directly supply to original equipment manufacturers, automotive component group. It designs, manufactures and supplies, exterior plastic components, interior cabin components, under the hood components to commercial vehicle OEMs directly. Also Read: Godavari Biorefi...

[hfe_template id='11223'] [ad_1] Unilex Colours and Chemicals made its debut on the NSE SME platform on Thursday, opening with a premium of 2.3%. The stock listed at Rs 89, compared to its issue price of Rs 87. The net proceeds from the public offer will be used for funding working capital requirements, repayment of debt, and other general corporate purposes. The company is engaged in the business of manufacturing of pigment, and the trading of chemicals and food colours. The pigments manufactured by it find diverse applications across various industries such as plastic, rubber, textiles, paper, printing inks, paints and coating. Within Pigments, the company specializes in Pigment Blue 15:3 and 15:4, with an annual production capacity of 1878 mtpa. Its products are marketed under the registered brand name Unilex. The company caters to both domestic and international markets, providing a wide range of pigment solutions for various industries. Its manufacturing facility si...

[hfe_template id='11223'] [ad_1] The shares of Avi Ansh Textile will debut on the NSE SME platform on Friday. Ahead of the listing, the company's shares are trading with a marginal GMP of Rs 2 in the grey market. This indicates a likely listing premium of 3% over the issue price, which was fixed at Rs 62 at the upper end. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The company has been operating in the yarn sector since 2005 and has established a presence as a manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts. Branded as Pooja Gold, the company claims its yarn reflects meticulous craftsmanship, offering unparalleled softness, strength, and versatility. Also Read: Diffusion Engineers IPO opens for subscription. Check issue size, price band, GMP and other details Additiona...

[hfe_template id='11223'] [ad_1] The shares of Phoenix Overseas will debut on the NSE SME platform on Friday. Ahead of the listing, the company's shares are trading with a GMP of Rs 15 in the grey market. This indicates a likely listing premium of 23%, compared with an issue price of Rs 64 at the upper end. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The IPO received robust subscription of over 100 times, driven by strong demand from retail and non-institutional investors. The company is engaged into trading and exporting of animal feeds and agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, food grains like rice, wheat, corn, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake. It has also been engaged in import of lentils, black urad dal and tur da...

[hfe_template id='11223'] [ad_1] The shares of Nephro Care listed on the NSE SME platform on Friday with a premium of 90%. The stock debuted at Rs 171 as against an offer price of Rs 90. Ahead of the listing, the company's shares traded with a premium of Rs 230 in the unlisted market. The IPO, which was completely a fresh equity sale of 45.84 lakh shares generated massive response among investors with an overall subscription of over 700 times at close. The Kolkata-based company plans to utilise a portion of the net proceeds from the IPO to set up a 100-bed multispeciality hospital called ‘Vivacity Multi Speciality Hospital’ at Madhyamgram in Kolkata. The remaining part of the proceeds will be utilised for general corporate purposes. The hospital will be a unit of Nephro Care India and is proposed to include 100 inpatient beds, including a 30-bed Critical Care unit having ICU, HDU, RTU and NICU facilities. Also Read: Bansal Wire IPO: Should you subscribe to the Rs 745...

[hfe_template id='11223'] [ad_1] The shares of Shivalic Power Control listed on the NSE SME platform with a premium of 211% on Monday. The stock debuted at Rs 311 as against an issue price of Rs 100. Ahead of the listing, the company's shares traded with a premium of Rs 175 in the unlisted market. The IPO, which was completely a fresh equity sale of 64.32 lakh shares, was subscribed over 250 times at close, driven by strong interest from retail and non-institutional investors. The net proceeds from the public offer will be used for working capital requirements, capital expenditure, inorganic growth through unidentified acquisition for company and general corporate purposes. Shivalic Power Control is an LT and HT electric panel manufacturer with an operating history of 20 years. It is a technology-driven company with a strong focus on quality, design and product development, which has allowed it to develop products suited to customers’ requirements.Also Read: IPO Cale...