GAGA Share Market News

[hfe_template id='11223'] [ad_1] The initial public offering (IPO) of Standard Glass Lining Technologies will open for subscription on Monday. The issue closes on January 8. Through the public offer, the company plans to raise nearly Rs 410 crore. Here are 10 things to know about the Standard Glass Lining IPO before subscribing to the issue. 1) What is the business overview of Standard Glass Lining? Standard Glass Lining is one of the top five specialised engineering equipment manufacturers for pharmaceutical and chemical sectors in India, in terms of revenue in FY24, with in-house capabilities across the entire value chain. Its capabilities include design, engineering, manufacturing, assembly, installation and commissioning solutions as well as establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis. 2) What is the industry overview of Standard Glass Lining? The Glass-Lined Equipment (GLE) industry is poised for signif...

[hfe_template id='11223'] [ad_1] Shares of Unimech Aerospace and Manufacturing fell 9.4% to Rs 1,350.4 on the BSE after their strong debut on the exchanges on Tuesday. The stock debuted at Rs 1,491 on the BSE, with a premium of Rs 706 or 90% over the IPO price of Rs 785. On NSE, the shares debuted at Rs 1,460. The Rs 500-crore IPO of high-precision engineering solutions provider Unimech Aerospace, comprising a fresh issue of Rs 250 crore and an offer-for-sale of Rs 250 crore, was open for subscription during December 23-26. The company’s IPO received an overall subscription of 175.31 times as it attracted bids for 82.46 crore equity shares against 47.04 lakh shares on the offer. The retail investors portion was subscribed 56.74 times, while the non institutional investors subscribed by 263.78 times. Meanwhile, the qualified institutional buyers category was booked 317.63 times. Also Read :Sensex & Nifty in 2025: Predictions, targets, must-have stocks for the new year...

[hfe_template id='11223'] [ad_1] Indus Towers, which announced its Rs 2,700 crore-share buyback earlier in July, has opened the bids for the same on Wednesday. The bidding will close on August 21. Eligible shareholders can now bid for the buyback. The last date of completion of settlement of bids will be on or before August 28. “In accordance with the Buyback Regulations, the Company has e-mailed the Letter of Offer today, i.e., August 13, 2024, to Eligible Shareholders holding Equity Shares of the Company as on August 09, 2024 (i.e. the Record Date),” stated the company filing to the exchanges. Small shareholders are entitled to one equity share for every 4 shares held on the record date. The ratio of buyback entitlement for the general category shareholder is 5 equity shares for every 139 shares held on the record date. Axis Capital is the manager to the buyback while KFin Technologies is the registrar to the same.This is the second instance of the company proceeding w...