Business Samachar

Solarium Green Energy Limited IPO to Launch on February 6th posted by NILESH WAGHELA  Mumbai – Solarium Green Energy Limited, a company known for providing turnkey solutions in renewable energy, will open its Initial Public Offering (IPO) on February 6, 2025.  The company aims to raise ₹105.04 Crores, with shares to be listed on the BSE SME platform. The IPO will offer 54,99,600 equity shares, each with a face value of ₹10, at an issue price band of ₹181 to ₹191 per share.  The funds raised will be used for working capital and general corporate purposes. The IPO process will begin with anchor investor bidding on February 5, 2025, followed by the main issue opening on February 6, 2025. The offer will close on February 10, 2025. Beeline Capital Advisors Private Limited is the lead manager for the IPO, and Link Intime India Private Limited is the registrar. Mr. Ankit Garg, Chairman & Managing Director of Solarium Green Energy Limited, said, “Our focus on sustai...

B.R. Goyal Infrastructure Limited to Launch IPO on 7th Jan  Posted by NILESH WAGHELA Mumbai: B.R. Goyal Infrastructure Limited, a company specializing in road construction and infrastructure projects, will launch its Initial Public Offering (IPO) on January 07, 2025. The company plans to raise ₹85.21 crore by issuing 63,12,000 equity shares, which will be listed on the BSE SME platform.   Key IPO Details - **Total Issue Size**: 63,12,000 equity shares   - **Face Value**: ₹10 per share   - **Price Band**: ₹128 - ₹135 per share   - **Anchor Bidding Date**: January 06, 2025   - **Issue Closing Date**: January 09, 2025   Purpose of the IPO The funds raised from the IPO will be used for:   1. Investing in new equipment and infrastructure (capital expenditure).   2. Meeting working capital needs.   3. Funding acquisitions and strategic growth opportunities.   4. General corporate purposes....

SEBI  asks company to refund investors' money Posted by: Nilesh Waghela Market regulator Securities and Exchange Board of India (Sebi) on Monday cancelled the SME IPO of Trafiksol ITS Technologies, which was earlier put on hold by BSE pending investigation, and asked the company to refund the money to the investors. Market regulator Securities and Exchange Board of India (Sebi) on Monday cancelled the SME IPO of Trafiksol ITS Technologies, which was earlier put on hold by BSE pending investigation, and asked the company to refund the money to the investors. "Trafiksol is directed to refund the money paid by the investors, who have been allotted shares in the Initial Public Offering," Sebi's 16-page order said. The market watchdog has also directed BSE to oversee the refund process in coordination with the bankers to the issue and the refund process must be completed within one week.

C2C's listing postponed, get your money back Posted by nilesh Waghela Mumbai: C2C Advanced Systems, which launched one of the biggest SME IPOs this year, has deferred its listing following intervention from market regulator Sebi. The company has also given investors an option to withdraw the application from this IPO. "Based on intimation received from Sebi, all investors, other than anchor investors, will have an option to withdraw their bids for ongoing SME IPO of C2C Advanced Systems from November 26 up to November 28 for all categories," C2C Advanced Systems said in a notice. Capital market regulator Securities and Exchange Board of India (SEBI) on Monday postponed an imminent listing of shares by C2C Advanced Systems in the SME segment. Its action was in light of certain investor complaints. C2C Advanced Systems provides a range of products, professional services and product engineering solutions.  The regulator directed the company to appoint an independent auditor,...

સેબીની દરમિયાનગીરી બાદ સીટુસી એડવાન્સ્ડનું લિસ્ટિંગ મોકૂફ Posted by NILESH WAGHELA  મુંબઇ: આ વર્ષે સૌથી મોટો ઓસએમઇ આઇપીઓ રજૂ કરનાર સીટુસી એડવાન્સ સિસ્ટમ્સે બજાર નિયમનકાર સેબીના હસ્તક્ષેપને પગલે તેનું લિસ્ટિંગ મુલતવી રાખ્યું છે. કંપનીએ રોકાણકારોને આ આઇપીઓમાંથી અરજી પાછી ખેંચવાનો વિકલ્પ પણ આપ્યો છે. સેબી તરફથી મળેલી સૂચનાના આધારે, એન્કર રોકાણકારો સિવાયના તમામ રોકાણકારો પાસે ૨૬ નવેમ્બરથી ૨૮ નવેમ્બર દરમિયાન, તમામ શ્રેણીઓ માટે સીટુસી એડવાન્સ્ડ સિસ્ટમ્સના ચાલુ એસએમઇ આઇપીઓ માટે તેમની બિડ પાછી ખેંચી લેવાનો વિકલ્પ હશે, એમ કંપનીએ જણાવ્યું છે.  કેપિટલ માર્કેટ રેગ્યુલેટર સિક્યોરિટીઝ એન્ડ એક્સચેન્જ બોર્ડ ઓફ ઈન્ડિયા (સેબી)એ સોમવારે એસએમઇ સેગમેન્ટમાં સીટુસી એડવાન્સ સિસ્ટમ્સ દ્વારા શેરનું નિકટવર્તી લિસ્ટિંગ મુલતવી રાખ્યું છે. તેની કાર્યવાહી ચોક્કસ રોકાણકારોની ફરિયાદ પર આધારિત હોવાનું જાણવા મળ્યું છે. સીટુસી એડવાન્સ્ડ સિસ્ટમ્સ વિવિધ ઉત્પાદનો, વ્યાવસાયિક સેવાઓ અને પ્રોડક્ટ એન્જિનિયરિંગ સોલ્યુશન્સની શ્રેણી પૂરી પાડે છે. માર્કેટ રેગ્યુલેટરે કંપનીને સ્વતંત્ર ઓડિટરની નિમણૂક કરવાનો નિર્દેશ આપ્યો હતો...

Freshara Agro Exports IPO OPENS ON 17TH October  Posted by Shivam Rathod Mumbai: Freshara Agro Exports Limited specializes in export of processed gherkins and pickled vegetables, proposes to open its Initial Public Offering on October 17, 2024, aiming to raise ₹ 75.39 Crore, with shares to be listed on the NSE Emerge platform. The issue size is Up To 64,99,200 equity shares at a face value of ₹ 10 each with a price band of ₹ 110 - ₹ 116 Per Share. The net proceeds from the IPO will be utilized for working capital requirements, capital expenditure, general corporate expenses and issue expenses.  The anchor portion will open on October 16, 2024. The issue will open for public on October 17, 2024 and the issue will close on October 21, 2024.  The Book Running Lead Manager to the Issue is GYR Capital Advisors Private Limited, The Registrar to the Issue is Purva Sharegistry (India) Private Limited. Mr. Junaid Ahmed, Chairman & Managing Director, of Freshara Agro Exports Li...

  Atmastco's SME IPO  to open on Feb 15 Posted by NILESH WAGHELA Mumbai: Atmastco IPO date is fixed, The IPO will open on February 15 and will close on February 20. Atmastco is a NSE SME IPO to raise ₹56.25 crores via IPO. The Atmastco IPO price band is fixed at ₹77 with a market lot of 1600 shares. Atmastco is also into manufactured products i.e. design, manufacturing, and supply of precision equipment and heavy fabrication structures for various industrial uses and other incomes such as Ceiling Girder, Railway Girder, Columns & Bracings, Bolted Structures, Equipment and Pressure ducts, Box Columns, etc. which are used in Power and Energy, Steel Plants, Cement Plants, Railway Bridges, Water Treatment Plants, Refinery & Fertilizer plants. Pre-engineered building etc.  They have more than two decades of experience in executing projects involving manufacturing and fabrication work of heavy structures. They are also engaged in the business of trading steel, iron, che...

Stock Market: primary Market in pink mood Posted by NILESH WAGHELA Mumbai: stock market is likely to remain volatile this week amid lot of corporate action.  Over 1000 companies would be announcing their Q3 FY24 results in the coming week, thus ending the earnings season. Among the major ones announcing results are Mahindra & Mahindra, Eicher Motors, Hindustan Aeronautics, Mazagaon Dock Shipbuilders, and Phoenix Mills. Moreover, primary market is in pink of it's health. Four IPOs are set to hit Dalal Street with fundraising plan of Rs 237 crore, while nine companies are scheduled to debut on the bourses in the coming week beginning February 12. The mainboard segment will have only one IPO, and five companies scheduled for debut on the bourses, while in the SME segment, there will be three IPOs opening for subscription and four corporates making their debut. The car rentals and transportation services provider, Wise Travel India, will be the first among four companies to hit the...