GAGA Share Market News

[hfe_template id='11223'] [ad_1] The shares of Hamps Bio will debut on the BSE SME platform on Friday. Ahead of the listing, the company's shares were trading with a GMP of Rs 60 in the grey market. Considering the upper price band of Rs 51, the stock is expected to see maximum listing gains of 90% 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 IPO of Hamps Bio, which was completely a fresh equity sale of 21 lakh shares, received robust response from investors with a subscription of 1000 times at close. The net proceeds from the public offer will be used for purchase of plant and machinery for FMCG division, enhancing the visibility and awareness of the brand and general corporate purposes. Also Read: Mega multibagger! Billionaire Jhunjhunwala family makes 530x return in Inventurus IPO Hamps Bio is eng...

[hfe_template id='11223'] [ad_1] Hyundai Motor India, which is set to debut on the bourses today, has earned 2 positive ratings from global brokerage firms Nomura and Macquarie as they have initiated coverage on the stock with the target price going as high as Rs 2,472. The stock has earned a buy rating with a target price of Rs 2,472 from Nomura, predicting a 26% upside while Macquarie has an outperform rating on the stock with a target price of Rs 2,235, which indicates a 14% upside potential. Here is a brief note from the global brokerage firms: Nomura: Buy| Target price: Rs 2,472 Nomura has initiated coverage on Hyundai Motor with a buy rating and a target price of Rs 2,472 The company is riding on style and technology and its ongoing premiumization should drive high-quality growth. There is a long runway for the Indian car industry – current penetration at 36 cars/1,000 people. HMI is poised for healthy long-term growth due to its style and technology. Capacity expa...

[hfe_template id='11223'] [ad_1] The shares of Shiv Texchem debuted on the BSE SME platform at a premium of 44% on Tuesday. The stock listed at Rs 239 as against an issue price of Rs 166. The net proceeds from the public offer will be used for long term working capital requirements and general corporate purposes. The company is primarily engaged in the business of importing and distribution of hydrocarbon-based chemicals of the product family viz. Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates, which are critical raw materials and inputs and have application across a wide spectrum of industries. In the petrochemical industry, there is a wide array of base chemicals that serve as the foundation for various derivative chemicals. These chemicals serve as secondary and tertiary chemicals for application in various industries. Its business focuses on the import and redistribution of these secondary and tertiary chemicals, which are...

[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 newly-listed Ola Electric Mobility on Friday announced that it will be holding its first board meeting after the listing on the exchanges, scheduled for August 14, 2024. “Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that a meeting of the Board of Directors of Ola Electric Mobility Limited (“the Company”) is scheduled to be held on Wednesday, August 14, 2024, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2024,” the company said in a filing to the exchanges. Ola Electric was listed on Friday, August 9 disappointing investors as it got listed at par with the issue price of Rs 76. However, later during the day, the stock surged 20% to hit an upper circuit high of Rs 91.20 on NSE The Rs 6,146 crore much-hy...

[hfe_template id='11223'] [ad_1] The shares of VVIP Infratech listed on the BSE SME platform with a premium of 90% on Tuesday. The stock debuted at Rs 176.7 as against an issue price of Rs 93. Ahead of the listing, the company's shares traded with a GMP of around Rs 125 in the unlisted market. The IPO, which was completely a fresh equity sale of 65.82 lakh shares, was booked over 200 times, thanks to robust response from all categories. The net proceeds from the public offer will be used for funding working capital requirements, capital expenditure and general corporate purposes. VVIP Infratech is a Class A civil and electrical contractor. The company is engaged in the business of execution and construction of infrastructure projects such as sewer, sewer treatment plants, water tanks, water treatment plants, sector development work, electrical distribution and substations up to 33 KVA. Also Read: Two early Ola Electric investors to reap up to 824% returns in biggest ...

[hfe_template id='11223'] [ad_1] The mainboard IPO market will have no new issues for the second consecutive week, but the SME segment is more than making up with three new public offers scheduled next week. Tunawal E-Motors, Macobs Technologies and Kataria Industries will launch their respective issues in the SME segment next week. Apart from the above three SME issues, the Street will also see the sole listing of Sahaj Solar Ltd. The lull in the IPO market may only last for a while as 55 companies are gearing up to raise a whopping Rs 68,000 crore through initial share sales in the next few months, according to analysts. What to look forward to on the IPO front next week Tunawal E-Motors IPO The SME IPO of Tunawal E-Motors will open for subscription on July 15 and close on July 18. The company has priced the IPO at Rs 59 apiece, where investors can bid for 2000 shares in one lot. Net proceeds for the public offer will be used for funding working capital requirements, r...