KEY HIGHLIGHTS
IPO Updates: The End
We come to an end of day one's coverage of the ongoing mainboard IPOs. See you tomorrow, as we add HDB Financial Services and Sambhv Steel Tubes to the stack!
Globe Civil IPO Live Updates: QIBs Rush In
The Globe Civil Projects IPO was subscribed 6.97 times on Tuesday.
Qualified Institutions: 8.06.
Non-Institutional Buyers: 8.16 times.
Retail Investors: 5.83 times.
Ellenbarrie IPO Live Updates: Sluggish End To Day One Bids
The Ellenbarrie Industrial Gases IPO was subscribed 0.08 times on Tuesday.
Qualified Institutions: nil.
Non-Institutional Buyers: 0.05 times.
Retail Investors: 0.13 times.
Kalpataru IPO Live Updates: Retail Investors Led Day One Bids
The Kalpataru IPO was subscribed 0.09 times on Tuesday.
Qualified Institutions: nil.
Non-Institutional Buyers: 0.10 times.
Retail Investors: 0.33 times.
Portion reserved for employees: 0.18 times.
IPO Live Updates: Choice Broking On Kalpataru
At the higher price range, Kalpataru is seeking an EV/Sales multiple of 9.3×, which still trades at a discount compared to peer averages of around 12.5×, says the brokerage.
"The company’s strong brand allows it to command a premium pricing strategy, reflecting solid pricing power. However, a high debt load introduces financial prudence concerns. Thus, we recommend a "subscribe for long term" rating for this issue," they added.
IPO Live Updates: Globe Civil SWOT Analysis
Strengths
Project execution capabilities
Orderbook of Rs 778.5 crore, book to bill of 3.1x
Weakness
Low bid success rate, secured one projects of 11 bids submitted
Revenues concentrated in Northern India, Delhi contributed 66% of revenue
Opportunities
Further expand geographical footprint
Bidding opportunity for single projects of Rs 650 crore
Threats
High dependence on JV projects, accounted for 36.4% of revenue
High working capital requirements may impact cash flows forward
IPO Live Updates: Globe Civil Projects Leads Subscription Bids
As of 04:18 p.m., Globe Civil Projects was subscribed 6.49 times whereas its contemporaries Ellenbarrie Industrial Gases and Kalpataru were subscribed 0.07 times and 0.08 times respectively.
IPO Live Updates: Deven Choksey Research On Kalpataru
Issue priced at 186.3x FY25 Ebitda, which appears expensive.
Assign a "neutral" rating to the issue, considering the scope of future developments on the land reserve it owns.
Ellenbarrie Industrial Gases IPO Live Updates: Growth Still Lagging
The IPO has been subscribed 0.07 times as of 03:51 p.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.03 times.
Retail Investors: 0.12 times
IPO Live Updates: Kalpataru "A High Conviction Bet"
"Kalpataru's IPO presents a high-conviction bet on brand strength in Mumbai real estate, supported by a sizable project pipeline and significant land bank," says Gaurav Garg, Lemonn Markets Desk.
The company's green development credentials and operational focus add merit to its long-term positioning, he adds.
IPO Live Updates: Globe Civil Projects Leading In Day 1 Subscription Race
As of 3:15 p.m., Globe Civil Projects was subscribed 5.72 times whereas its contemporaries Ellenbarrie Industrial Gases and Kalpataru were subscribed 0.06 times and 0.07 times respectively.
Kalpataru IPO Live Updates: GMP Goes Up
According to Investorgain, the grey market premium for the Kalpataru IPO increased marginally to Rs 9 as of 1:35 p.m. on June 24. This implies shares of the company will likely list at Rs 423 apiece, indicating a 2.17% premium to the upper end of the price band (Rs 414).
GMP or grey market price is not an official indicator and is based on market speculation.
Kalpataru IPO Live Updates: Subscriptions Yet To Pick Up Pace
So far, the IPO has only been subscribed 0.07 times or 7%.
Qualified Institutions: nil
Non-Institutional Buyers: 0.07 times or 7%.
Retail Investors: 0.26 times or 26%.
Employee Reserved: 0.14 times or 14%
Globe Civil Projects IPO Live Updates: Way Ahead Of Its Contemporaries
IPO has been subscribed 4.80 times as of 1:39 p.m after a QIB rush.
Qualified Institutions: 8.05 times
Non-Institutional Buyers: 3.75 times.
Retail Investors: 3.38 times
Ellenbarrie Industrial Gases IPO Live Updates: IPO Sees Little Growth In Subscriptions
The IPO has been subscribed 0.05 times as of 1:36 p.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.02 times.
Retail Investors: 0.09 times
Kalpataru IPO Live Updates: Subscriptions Yet To Pick Up Pace
So far, the IPO has only been subscribed 0.06 times.
Qualified Institutions: nil
Non-Institutional Buyers: 0.06 times.
Retail Investors: 0.22 times or 22%
Employee Reserved: 0.13 times or 13%
Globe Civil Projects IPO Live Updates: IPO Sees Entry Of QIBs
Qualified Institutional Buyers entered the bidding arena for Globe Civil Projects IPO and nearly tripled the number of subscriptions. As per BSE Data the IPO has been subscribed 4.13 times as of 1:06 p.m.
Qualified Institutions: 7 times
Non-Institutional Buyers: 3.16 times.
Retail Investors: 2.91 times
Ellenbarrie Industrial Gases IPO Live Updates: Subscription Status
The IPO has been subscribed 0.04 times as of 12:42 p.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.02 times.
Retail Investors: 0.08 times
Globe Civil Projects IPO Live Updates: Check Subscription Status
The IPO has been subscribed 1.90 times as of 12:42 p.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 2.78 times.
Retail Investors: 2.62 times
Kalpataru IPO Live Updates: Subscription Status
The IPO has been subscribed 0.05 times as of 12:03 p.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.04 times.
Retail Investors: 0.19 times or 19%
Employee Reserved: 0.11 times or 11%
Did You Know?
Allotment of Globe Civil shares is proposed to be finalised on June 27. Successful bidders are expected to receive shares in their Demat accounts on June 30. Refunds will also be initiated for non-allottees on the same day.
Globe Civil Projects IPO Live Updates: Check Subscription Status
The IPO has been subscribed 1.52 times as of 12:12 p.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 1.99 times.
Retail Investors: 2.20 times
Ellenbarrie Industrial Gases IPO Live Updates: Subscription Status
The IPO has been subscribed 0.04 times as of 12:09 p.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.02 times.
Retail Investors: 0.07 times
Kalpataru IPO Live Updates: Subscription Status
The IPO has been subscribed 0.04 times as of 12:03 p.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.04 times.
Retail Investors: 0.16 times or 16%
Employee Reserved: 0.10 times or 10%
Nifty And Sensex Trade Near Day's High
The NSE Nifty 50 was trading 1.22% higher at 25,284.45, and the BSE Sensex was trading 1.23% higher at 82,914.13 as of 11:42 a.m.
Track all the live updates here.
Ellenbarrie Industrial Gases IPO Live Updates: Subscription Status
The IPO has been subscribed 0.03 times as of 11:30 a.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.01 times.
Retail Investors: 0.5 times
IPO Live Updates: Globe Civil Projects IPO Fully Subscribed, Check GMP
The Initial Public Offering of Globe Civil Projects has been fully subscribed within two hours of opening on its first day of bidding. The last updated GMP for the offer is Rs 15 apiece as of 9:55 a.m. The latest GMP indicates the IPO listing at Rs 86 per share, at a premium of 21.13% against the upper limit of the price band.
Globe Civil Projects IPO Live Updates: IPO Fully Subscribed
The IPO has been subscribed 1.04 times as of 11:18 a.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 1.50 times.
Retail Investors: 1.43 times
Kalpataru IPO Live Updates: Subscription Status
The IPO has been subscribed 0.03 times as of 11:18 a.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.02 times.
Retail Investors: 0.12 times or 12%
Employee Reserved: 0.08 times
Globe Civil Projects IPO Live Updates: Subcription Status
Globe Civil Projects IPO has been subscribed 0.68 times or 68% as of 10:45 a.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 1.10 times
Retail Investors: 0.88 times or 88%
Ellenbarrie Industrial Gases IPO Live Updates: Subscription Status
Ellenbarrie Industrial Gases IPO has been subscribed 0.02 times as of 10:42 a.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.01
Retail Investors: 0.03 times
Kalpataru IPO Live Updates: Subscription Status
The IPO has been subscribed 0.02 times as of 10:39 a.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.01 times.
Retail Investors: 0.08 times.
Employee Reserved: 0.06 times
IPO Live Updates: Ellenbarrie Industrial Gases IPO
Ellenbarrie Industrial Gases IPO has been subscribed 0.01 times as of 10:21 a.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: nil
Retail Investors: 0.02 times
IPO Live Updates: Globe Civil Projects IPO Subscription Status
Globe Civil Projects IPO has been subscribed 0.29 times or 29% as of 10:18 a.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.51 times or 51%
Retail Investors: 0.37 times or 37%
IPO Live Updates: Kalpataru IPO Subscription Status
Kalpataru IPO has been subscribed 0.01 times as of 10:24 a.m. on Tuesday.
Qualified Institutions: nil
Non-Institutional Buyers: 0.01
Retail Investors: 0.05 times
IPO Live Updates: Globe Civil Projects GMP
As per Investorgain, the grey market premium (GMP) for the Globe Civil Projects IPO stood at Rs 15 apiece at 7:54 a.m. on June 24. The latest GMP indicates the IPO listing at Rs 86 per share, at a premium of 21.13% against the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
IPO Live Updates: Ellenbarrie Industrial Gases GMP
As per Investorgain, the grey market premium (GMP) for the Ellenbarrie Industrial Gases IPO stood at Rs 7 apiece at 8:58 a.m. on June 24. The latest GMP indicates the IPO listing at Rs 407 per share, at a premium of 1.75% against the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
IPO Live Updates: Kalpataru GMP
As per Investorgain, the grey market premium (GMP) for the Kalpataru IPO stood at Rs 5 apiece at 8:28 a.m. on June 24. The latest GMP indicates the IPO listing at Rs 419 per share, at a premium of 1.21% against the upper limit of the price band.
Note: GMP does not represent official data and is based on speculation.
IPO Live Updates: Globe Civil Projects IPO
Globe Civil Projects Ltd.'s IPO's price band is set in the range of Rs 67 to Rs 71 per share. The company will issue 1.68 crore shares; all fresh issues with no offer-for-sale component.
IPO Live Updates: Ellenbarrie Industrial Gases IPO
The price band for the IPO is set at Rs 380 to Rs 400. The proposed IPO will have both a fresh issue and an offer for sale of up to Rs 852.53 crore.
IPO Live Updates: Kalpataru IPO
The price band for the IPO is set at Rs 387 to Rs 414 per share. The proposed IPO is entirely a fresh issue worth up to Rs 1,590 crore, with no offer-for-sale component.
IPO Live Updates: Three IPOs To Open Today
The primary market investors will witness an action-packed week starting with three mainboard IPOs scheduled to open for subscription today- Kalapataru Ltd., Ellenbarrie Industrial Gases Ltd., and Globe Civil Projects Ltd. The IPOs opening on June 24, will close on June 26.
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