The Macobs Technologies IPO, specializing in male grooming products, was oversubscribed 202.32 times. Qualified institutions subscribed 88.92 times, non-institutional buyers subscribed 266.70 times, and retail investors subscribed 176.87 times. The IPO closed on July 19, and the allotment status will be finalized on July 22. Investors can check the allotment status on the Maashitla Securities Private Limited website. The IPO is set to be listed on NSE SME on July 24. In the fiscal year ending March 31, 2024, Macobs Technologies reported a revenue increase of 39.91% and a modest 8.2% rise in profit after tax (PAT) compared to the previous year [c75151e6].
RNFI Services IPO, which opened for subscription on July 22, 2024, was subscribed 2.21 times as of July 22 at 12:44 p.m. The IPO will close on July 24, and the allotment is expected to be finalized on July 25. The price band for the RNFI Services IPO is set at Rs. 98 to Rs. 105 per share. The minimum lot size for an application is 1200 shares, requiring a minimum investment of Rs. 126,000 for retail investors. The IPO is set to list on NSE SME with a tentative listing date of July 29. RNFI Services Limited operates as a financial technology firm providing B2B and B2B2C solutions through its online portal and mobile application. The net proceeds from the IPO will be utilized for funding working capital requirements, capital expenditure, strengthening technology infrastructure, achieving inorganic growth, and general corporate purposes. In the fiscal year ending March 31, 2024, RNFI Services Limited reported a -11.81% decrease in revenue and a 103.82% increase in profit after tax compared to the previous year [723ff9f2].
VVIP Infratech Limited is launching its Initial Public Offering (IPO) on July 23, with a book built issue worth Rs 61.21 crores. The IPO consists of a fresh issue of 65.82 lakh shares to fund the company's expansion plans and operational requirements. Investors can subscribe to the IPO from July 23 to July 25, with the allotment of shares expected to be finalized by July 26. The IPO will be listed on the BSE SME platform, and trading is anticipated to commence from July 30. The price band for the IPO is set at Rs 91 to Rs 93 per share, with a minimum lot size of 1200 shares for retail investors. High Net Worth Individuals (HNIs) are required to apply for a minimum of 2 lots. Share India Capital Services Private Limited is the book running lead manager, Maashitla Securities Private Limited is the registrar, and Share India Securities will serve as the market maker. VVIP Infratech Limited is an infrastructure company specializing in civil and electrical contracting, with projects across Uttar Pradesh, Uttarakhand, NCR Delhi, and other northern regions of India. The proceeds from the IPO will be used for capital expenditure, working capital requirements, general corporate purposes, and issue expenses. In its latest financial results, the company reported a 35.77% increase in revenue and a 52.56% rise in profit after tax (PAT) between March 31, 2024, and March 31, 2023 [a4fa3ffc].
V.L.Infraprojects Limited is set to launch its Initial Public Offering on Tuesday, July 23, with a book-built issue worth Rs 18.52 crores. The IPO consists entirely of a fresh issue of 44.1 lakh shares, aimed at funding the company's expansion and operational requirements. Investors can subscribe to the V.L.Infraprojects IPO starting from July 23 until July 25. The allotment of shares is expected to be finalised by July 26. The IPO is scheduled to list on the NSE SME platform, with trading likely to commence on Tuesday, July 30. The price band for the IPO is set at Rs 39 to Rs 42 per share. The minimum lot size for retail investors is 3000 shares, requiring a minimum investment of Rs 1,26,000. High Net Worth Individuals (HNIs) are required to apply for a minimum of 2 lots, amounting to Rs 2,52,000. Beeline Capital Advisors Pvt. Ltd. is the book-running lead manager, Skyline Financial Services Private Ltd. is the registrar, and Spread X Securities is the market maker for facilitating trading activities post-listing. The IPO will offer not more than 50% of the net issue for qualified institutional buyers (QIBs), not less than 15% of the net offer for non-institutional investors (NIIs), and not less than 35% of the net offer for retail investors. Up to 2,40,000 equity shares have been allotted to the market maker portion. V.L.Infraprojects Limited specializes in planning, construction, and commissioning services for government projects, particularly in water infrastructure and irrigation. The net proceeds from the IPO will primarily cater to V.L.Infraprojects' working capital requirements and general corporate purposes. In the latest financial report, the company's revenue surged by 149.72% and profit after tax (PAT) increased by 175.76% between the financial years ending March 31, 2024, and March 31, 2023.