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Economic Times
12 hours ago
- Business
- Economic Times
Aakaar Medical Technologies IPO: Check issue size, price band and other details
The initial public offering (IPO) of aesthetic healthcare product maker Aakaar Medical Technologies Limited opens for subscription today, June 20, and will close on June 24, 2025. The company is looking to raise Rs 27 crore through a fresh issue of 37.5 lakh equity shares, with the shares set to list on NSE SME on June 27, subject to allotment finalisation on June 25. ADVERTISEMENT The price band for the IPO is Rs 68 to Rs 72 per share, and investors can bid for a minimum lot size of 1,600 shares. Ahead of the IPO, the company has raised Rs 7.68 crore from anchor investors by allocating 10.67 lakh shares on June 19. The issue has been structured with 47.42% reserved for qualified institutional buyers (QIBs), 14.29% for non-institutional investors (NIIs), and 33.26% for retail investors. Indorient Financial Services is acting as the book-running lead manager, while Bigshare Services is the registrar to the issue. Alacrity Securities is the designated market in 2013, Aakaar Medical Technologies operates in the medical aesthetics space, supplying dermatology and cosmetic products to physicians, surgeons, and cosmetologists. Its product mix includes skin care, hair care, injectables, laser and aesthetic devices, and home-use products, including solutions for hair loss and company distributes both domestically manufactured and imported products from countries like South Korea, Spain, Italy, and Austria, with a presence in over 15 Indian states. It has a dedicated team of 90 sales and service professionals. Financially, Aakaar reported a 33% increase in revenue to Rs 61.76 crore and 110% jump in net profit to Rs 6.04 crore in FY25. The IPO proceeds will be used primarily to meet working capital requirements and for general corporate purposes. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
13 hours ago
- Business
- Time of India
Aakaar Medical Technologies IPO: Check issue size, price band and other details
The initial public offering (IPO) of aesthetic healthcare product maker Aakaar Medical Technologies Limited opens for subscription today, June 20, and will close on June 24, 2025. The company is looking to raise Rs 27 crore through a fresh issue of 37.5 lakh equity shares, with the shares set to list on NSE SME on June 27, subject to allotment finalisation on June 25. The price band for the IPO is Rs 68 to Rs 72 per share, and investors can bid for a minimum lot size of 1,600 shares. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Ahead of the IPO, the company has raised Rs 7.68 crore from anchor investors by allocating 10.67 lakh shares on June 19. The issue has been structured with 47.42% reserved for qualified institutional buyers (QIBs), 14.29% for non-institutional investors (NIIs), and 33.26% for retail investors. Indorient Financial Services is acting as the book-running lead manager, while Bigshare Services is the registrar to the issue. Alacrity Securities is the designated market maker. Founded in 2013, Aakaar Medical Technologies operates in the medical aesthetics space, supplying dermatology and cosmetic products to physicians, surgeons, and cosmetologists. Its product mix includes skin care, hair care, injectables, laser and aesthetic devices, and home-use products, including solutions for hair loss and pigmentation. Live Events The company distributes both domestically manufactured and imported products from countries like South Korea, Spain, Italy, and Austria, with a presence in over 15 Indian states. It has a dedicated team of 90 sales and service professionals. Financially, Aakaar reported a 33% increase in revenue to Rs 61.76 crore and 110% jump in net profit to Rs 6.04 crore in FY25. The IPO proceeds will be used primarily to meet working capital requirements and for general corporate purposes.
Time of India
13 hours ago
- Business
- Time of India
Mayasheel Ventures IPO opens for subscription today. Check details
Mayasheel Ventures Limited's initial public offering (IPO) will open for subscription on Friday, June 20, 2025, and will remain open until Tuesday, June 24, 2025. The Rs 27.28 crore issue is entirely a fresh offering of 55.14 lakh equity shares and will be listed on the NSE SME platform. The price band is fixed at Rs 44 to Rs 47 per share. Retail investors can bid for a minimum of one lot, which comprises 3,000 shares. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Anchor investors have already committed Rs 7.76 crore in the pre-IPO placement round held on June 19. A total of 16.50 lakh shares were allocated to anchor investors ahead of the public offer. Mayasheel Ventures is a government-focused infrastructure company engaged primarily in road construction, including highways, bridges, and flyovers. It also undertakes electrical projects such as transmission line installation, street lighting, and power house construction. The company serves primarily through government tenders and has worked with agencies such as NHIDCL. As of March 31, 2025, it had 294 employees and a robust order book from road, bridge, and electrical projects. Its competitive strengths include a qualified management team, strong execution capabilities, and consistent compliance with quality benchmarks. Live Events Financially, the company reported revenue of Rs 172.05 crore in FY25, up 31% from Rs 131.14 crore in FY24. Net profit grew 74% year-on-year to Rs 11.33 crore in FY25. Its return on equity (ROE) stands at 42.83%, with a post-issue P/E of 9.14. The IPO proceeds will be used primarily for capital expenditure on machinery (Rs 4 crore), working capital requirements (Rs 14 crore), and general corporate purposes. Narnolia Financial Services is the book-running lead manager and Maashitla Securities Pvt Ltd is the registrar. The tentative allotment date is June 25, with listing scheduled for June 27.
Time of India
a day ago
- Business
- Time of India
Eppeltone Engineers IPO subscribed 234 times, GMP robust at 47% on Day 3. Check details
Eppeltone Engineers' IPO saw overwhelming demand with 234x subscription on Day 3, led by retail investors. Shares command a 46.9% grey market premium ahead of NSE SME listing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads About Eppeltone Engineers IPO Eppeltone Engineers The third day of Eppeltone Engineers' initial public offering (IPO) witnessed an impressive subscription of 234 times, with the company's shares trading at a healthy grey market premium (GMP) of 46.9% or Rs 3:20 pm today, 57.49 crore bids were received from the market participants out of 24.56 lakh investors led the demand, submitting 2.47 lakh applications for a total of 24.71 crore shares. Non-Institutional Investors (NIIs) followed with 21,941 applications for nearly 26.41 crore Qualified Institutional Buyers (QIBs) had placed 91 applications for 7,92,31,000 Rs 43.96 crore IPO opened for subscription on Tuesday and will close on Thursday, with shares expected to be listed on the NSE SME on June offering comprises solely a fresh issue of 34.34 lakh equity shares, with a price band of Rs 125 to Rs 128 per share. Retail investors can apply for a minimum of 1,000 shares per lot, requiring an investment of Rs 1.28 lakh. High-net-worth individuals (HNIs) are required to bid for at least two lots, totaling Rs 2.56 proceeds from the IPO will be allocated to meet working capital requirements (Rs 30 crore), fund capital expenditure for new machinery (Rs 5 crore), and cover general corporate purposes and issue Global Consultants is the book-running lead manager, while Skyline Financial Services serves as the in 1977 and based in Noida, the company specializes in the manufacturing and supply of a wide range of energy management solutions, such as static and smart meters, watt-hour meters, BPL kits, LED lighting systems, advanced UPS solutions, battery chargers, and equipment for the railway and power key clients include Indian government agencies, electricity boards, and institutional buyers within the infrastructure operates a 36,000 sq. ft. manufacturing plant in Greater Noida, with additional units in New Delhi. The company employs 59 permanent staff and is known for its robust research and development capabilities, along with a focus on sustainability in its energy FY25, the company reported a 57% year-on-year revenue growth, reaching Rs 125.74 crore. Its profit after tax also grew by 38%, amounting to Rs 11.23 crore.
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Business Standard
a day ago
- Business
- Business Standard
Monolithisch India lists at 62% premium on NSE SME, beats GMP estimates
Monolithisch India IPO listing today: Shares of Monolithisch India made a solid market debut on Thursday, June 19, listing at ₹231.55 on the NSE SME, a premium of 61.9 per cent from its issue price of ₹143. Post-listing the stock was trading at ₹243.1, up 5 per cent from the listing price. Monolithisch India listing was above the grey market estimates. Ahead of listing, the unlisted shares of Monolithisch India were trading at ₹182, commanding a premium of ₹39 or 27 per cent compared to the issue price. Monolithisch India IPO subscription The company offered shares in the price band of ₹135 to ₹143 with a lot size of 1,000 shares. It received bids for 69,80,10,000 shares against the 38,15,000 shares offered, resulting in an oversubscription of 182 times by the end of the subscription period, showed NSE data. Monolithisch India IPO details Monolithisch India IPO was a fresh issue of 5.44 million equity shares to raise ₹82.02 crore. There was no offer for sale (OFS) component. Monolithisch India IPO was available for subscription from Thursday, June 12, 2025, till Monday, June 16, 2025. The basis of allotment of shares was finalised on Tuesday, June 17, 2025. Kfin Technologies was the registrar of the issue. Hem Securities was the book-running lead manager of the Monolithisch India IPO. According to the red herring prospectus (RHP), Monolithisch India proposes to utilise the proceeds from the IPO for setting up a manufacturing facility and investment in its subsidiary, Metalurgica India. In addition, the company will use the proceeds to meet working capital requirements and general corporate purposes. About Monolithisch India Incorporated in August 2018, Monolithisch India manufactures and supplies "ramming mass," a head insulation refractory used in the iron and steel industry induction furnaces. The company produces various grades of ramming mass with different specifications and additives. The company is an ISO-certified entity with a manufacturing facility in Purulia, West Bengal. The company's products are used by iron and steel producers primarily in Eastern India, including West Bengal, Jharkhand, and Odisha.
