SHARVAYA METALS IPO
Sharvaya Metals IPO opens for bidding; GMP at 11%. Check issue size, price band, and other key details
Sharvaya Metals launched its IPO today, aiming to raise Rs 58.80 crores through a mix of fresh issue and offer for sale. The IPO, priced between Rs 192 and Rs 196 per share, closes on September 9 and will be listed on BSE SME. Funds will be used for working capital, new plant and machinery, and civil construction.
Sharvaya Metals raises Rs 17 crore from anchor investors ahead of IPO launch
Sharvaya Metals has secured Rs 17 crore from anchor investors, including NAV Capital and Craft Emerging Market Fund, ahead of its Rs 59-crore IPO opening on September 4. The IPO includes a fresh issue and offer for sale, with proceeds allocated to capital expenditure, working capital, and general corporate purposes.
GST meeting, expiry shift and auto sales data among 11 factors that’ll steer D-Street this week
Indian benchmark indices closed the holiday-shortened week 1.8% lower amid US tariff worries. On Friday, Nifty declined 0.3%, ending at 24,426.85. The new derivatives series began on a muted note, with the market in a corrective phase and Nifty approaching a key support zone of 24,250–24,350, while banking stocks near critical technical support.
IPO Calendar: September to take forward IPO momentum with 7 new issues, 15 listings in first week
September opens with strong IPO momentum, featuring seven new issues and 15 listings in the first week. While SME offerings dominate with six launches, Amanta Healthcare is the lone mainboard IPO, aiming to raise Rs 126 crore, testing investor appetite amid market volatility.
