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IPO Issue

IPO Analysis: MSTC

MSTC, which was earlier knows as Metal Scrap Trading Corporation is a Mini Ratna category- I PSU company. It is entering the capital market to raise around Rs 226 crore at the upper band and at the lower band, it will raise around Rs 213 crore.

IPO Analysis : Dinesh Engineers

The IPO of Dinesh Engineers is opening for subscription from September 28 to October 3, 2018. The company is offering 100 lakh equity shares with face value of Rs 10 each. The issue size is Rs 185 crore and the issue price band is between Rs 183-185 per share. The minimum lot size is 80 shares. Post allotment, the company will get listed on both BSE and NSE.

IPO Analysis : Aavas Financiers

Aavas Financiers plans to raise up to Rs. 1734 cr through offer for sale (OFS) and fresh issue of shares. The OFS includes sale of 1.6 cr shares with face value of Rs 10. The fresh issue will be to raise ~Rs.400 cr by issuing ~48.7 lakh shares. The price band is Rs.818 – Rs.821 per equity share. The offer opens from Sep 25- Sep 28.

IPO Analysis : Garden Reach Shipbuilders & Engineers

Garden Reach Shipbuilders and Engineers’ IPO will open for subscription from September 24 to September 26, 2018. The issue is purely Offer for Sale (OFS) consisting of 2,92,10,760 shares worth Rs 344.69 crore. The face value is Rs 10 per equity share. The minimum lot size for subscription is 120 shares with issue price ranging from Rs 115-118 per equity share. For the retail investors and employees, a discount of Rs 5 per share would be offered. Post-allotment, the company would get listed on both BSE and NSE. 

IPO Analysis : IRCON International IPO

Another PSU, Ircon International, is set for the IPO which will open for subscription from September 17 to September 19, 2018. The issue consists purely of Offer for Sale (OFS) with 99,05,157 equity shares worth Rs 470.49 crore. The face value of the share is Rs 10 per share. The minimum lot size consists of 30 shares. The issue price per equity share is in range of Rs 470-475. Post allotment, the company will get listed on both BSE and NSE.


IPO Market

Company Name Listing
Last Traded
Last Traded
ABB Power Products and Systems India Ltd. 30/03/2020 714.00 03/07/2020 842.95 12,355
SBI Cards and Payment Services Ltd. 16/03/2020 658.00 03/07/2020 674.85 2,461,518
Suven Pharmaceuticals Ltd. 09/03/2020 320.00 03/07/2020 508.05 241,154
Universus Photo Imagings Ltd. 14/02/2020 58.80 03/07/2020 95.00 4,170
Birla Tyres Ltd. 10/02/2020 13.10 03/07/2020 48.10 2,379,393

SME Market

Company Name Issue Open
Isuue Closing
Janus Corporation Ltd. 2020-01-27 2020-01-30 50 0.00 0 2020-02-06 51 67
ICL Organic Dairy Products Ltd. 2020-01-31 2020-02-07 20 0.00 0 2020-02-14 0 21
Chandra Bhagat Pharma Ltd. 2020-01-31 2020-02-06 51 0.00 0 2020-02-13 0 48
SM Auto Stamping Ltd. 2020-03-03 2020-03-05 18 0.00 0 2020-03-16 18 16
RO Jewels Ltd. 2020-03-12 2020-03-17 36 0.00 0 2020-03-25 0 36


Granules recall twelve lots of Metformin Hydrochloride ER tablets

Geyatee Deshpande / Article rating: 4.7

Granules Pharmaceuticals, Inc., (Chantilly, Virginia), which is a wholly-owned subsidiary of Granules India Limited, has voluntarily recalled 12 lots of Metformin Hydrochloride extended-release tablets USP, 750 mg, 100 and 500 count bottles within expiry to the consumer level due to the detection of N-Nitrosodimethylamine (NDMA) levels above the acceptable daily intake (ADI).