Gujarat-based Jay Ambe Supermarkets is debuting in the market today after a successful IPO, oversubscribed 64.13 times. Retail interest was particularly strong. Despite a modest GMP, a listing around Rs 85–86 is anticipated. Founded in 2020, the company operates 17 stores under the “City Square Mart” brand. IPO funds will fuel expansion, including purchasing a store and funding new locations.Read More
Bhubaneswar-based Galaxy Medicare, a medical device manufacturer, is set to debut on the NSE SME platform on September 17, following its Rs 22 crore IPO. Subscribed 1.83 times overall, the IPO saw strong retail participation. Galaxy Medicare, known for its wide range of medical products, reported revenues of Rs 40.27 crore in FY25.Read More
VMS TMT, an Ahmedabad-based TMT bar manufacturer, is launching its Rs 149 crore IPO on Wednesday, with the aim of expanding its presence in the steel sector. The IPO, priced between Rs 94 and Rs 99 per share, seeks to utilize the proceeds primarily to reduce borrowings and for general corporate purposes.Read More
Gujarat’s Sampat Aluminium is launching its Rs 30.53 crore IPO on Wednesday. The IPO will remain open until September 19. Listing on BSE SME platform is scheduled for September 24. The company plans to use the funds to establish a new manufacturing unit in Mehsana. The IPO price is fixed between Rs 114 and Rs 120 per share.Read More
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