Nephro Care India’s shares debuted brilliantly on the NSE SME, where they were listed on July 5 for Rs 171 a share, commanding a premium of 90 per cent over the share issue price of Rs 90 on the upper price band. This is the first SME IPO to make its debut since the NSE set a 90% cap on SME stocks during the open session on listing day.

The Rs 41.26 crore IPO raised more than Rs 20,000 crore in bids, making it the first SME IPO to do so. On the last day, the Nephro Care IPO garnered 715.78 times its subscription, with 22.98 crore bids compared to 31 lakh shares on offer. Non-institutional investors subscribed 1,789.19 times, whereas retail investors subscribed 634 times, and qualified institutional buyers (QIBs) subscribed 245 times.

The public issue opened for subscription on June 28 and closed on July 3, 2024, with prices ranging from Rs 85 to Rs 90 per share. The public issue is totally a fresh issue of Rs 45.84 lakh shares, with investors required to apply for a minimum of 1,600 equity shares and multiples thereof.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.

In early morning trading today, shares of Bharat Heavy Electricals (BHEL), a prominent engineering and manufacturing firm in the energy and infrastructure sectors, increased by 4% to ₹308 after the company secured a major contract to establish a 1600 MW thermal power plant in Koderma, Jharkhand.

According to a statement from the power ministry, DVC finalized the tender with Bharat Heavy Electricals for the engineering, procurement and construction (EPC) package of Koderma TPS (2X800 MW) in Jharkhand, for ₹13,300 crore on June 26, 2024.

This investment, which would also have a significant influence on the local economy and benefit people, would increase DVC’s installed thermal generation capacity to 8140 MW by 2030.

In FY24, the firm got significant orders, which was a major success. The Adani Group’s EPC orders for Yamuna Nagar, Lara Super Critical Power Plant and Raigad Super Critical Power Plant were among the major orders received last year.

At 10:52 am, BHEL shares were trading 2.04%  at ₹302.80

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.