GAGA Share Market News

[hfe_template id='11223'] [ad_1] The initial public offer (IPO) of HOAC Foods is getting a bumper response from investors with an overall subscription of 17 times just within a few hours of opening on Thursday. The issue closes on May 21. The IPO, which was priced at Rs 48 apiece, received bids for 1.97 crore shares as against just 11.55 lakh shares on offer. About 50% of the offer is reserved for retail investors, and the rest 50% for other investors. The net proceeds from the public offer will be used for funding working capital requirements and general corporate purposes. The company is engaged in the manufacturing of flour (chakki atta), herbs and spices, unpolished pulses, grains, and yellow mustard oil in our product range and markets & sell it in and around Delhi-NCR under the brand name "Hariom" through our exclusive brand outlets. For the period ended December 2023, the company clocked revenues of Rs 11.48 crore and net profit of Rs 74 lakh.GYR Cap...

[hfe_template id='11223'] [ad_1] After receiving a bumper response to the IPO, the shares of Slone Infosystems listed with a premium of 50% on the NSE SME platform. The stock was listed at Rs 118.50 as against an issue price of Rs 79. Ahead of the debut, the company's shares traded with a premium of Rs 40 in the unlisted market. The IPO, which was completely a fresh equity issue of 14 lakh shares, received an overall subscription of over 600 times at close, driven by strong interest from non-retail investors. The net proceeds from the public offer will be used for capital expenditure, repayment of debt, working capital requirements and other general corporate purposes. Also Read: Aadhar Housing Finance IPO fully booked on Day 2. Check subscription, GMP and other detailsSlone Infosystems is an IT hardware solutions company, engaged in selling and renting of IT equipment and in providing IT service solutions in India.It deals in selling and renting of IT equipment like...