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Pernia’s Pop-Up Studio parent Purple Style Labs sets IPO price band at Rs 546–575; subscription opens August 31
Purple Style Labs, the parent company of Pernia’s Pop-Up Studio, has set its IPO price band at Rs 546-575 per share. The Rs 680-crore issue will open on August 31 and close on September 2. The luxury fashion platform plans to use proceeds for retail expansion, marketing and corporate purposes.
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Hy-Tech Engineers IPO Day 3: GMP at 57%, Issue subscribed 51 times
The Hy-Tech Engineers IPO entered its third day of bidding on August 26, with the issue subscribed 51 times by the end of Day 3. Retail investors led the demand, while the IPO’s grey market premium of Rs 30 indicated a potential 57% listing premium. Anand Rathi Research has assigned a “Subscribe - Long Term” rating to the issue, citing the company’s growth prospects and reasonable valuation.
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Avaada Electro files updated draft papers with Sebi for Rs 7,600-cr IPO
Avaada Electro Ltd is making waves in the financial market by submitting updated draft papers for a massive Rs 7,600 crore initial public offering. This IPO features a fresh equity share issuance alongside an offer for sale. The proceeds aim to address loan repayments and support general corporate functions while facilitating the company's ambitious capacity expansion and product innovations.
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Annu Projects IPO Day 2: GMP, subscription status and key details. Should you subscribe?
The Annu Projects IPO entered its second day of bidding on August 26, with the issue subscribed by 34% on Day 1. With the grey market premium (GMP) currently at zero, the IPO could see a flat listing based on prevailing grey-market trends. The IPO is priced at ₹94-99 per share and closes on August 28. Here’s a look at its subscription status, financial performance, IPO objectives and whether investors should subscribe.
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Skyways Air IPO Day 3: GMP indicates 21% listing premium; Issue subscribed 5 times
By the end of Day 2, the IPO was subscribed 2.46 times, with bids received for 2.95 crore shares on offer. Retail investors showed particularly strong demand, with their portion subscribed 3.54 times against the 1.48 crore shares reserved for them.
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ESDS to expand data centre operations with Rs 720-cr IPO proceeds
ESDS Software Solution is embarking on a ₹720-crore IPO aimed at broadening its data center operations across India and Europe. This strategic move follows a notable partnership for AI cluster deployment powered by NVIDIA GPUs. The investment will not only bolster their infrastructure but also pave the way for new facilities in Kolkata and Sahibabad, positioning ESDS as a trailblazer among India's publicly listed data center providers.
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