IPO News: IPOs of Divine Hira Jewelers and Paradeep Parivahan are opening today. The business health of both companies is constantly getting stronger, but there are no specific indications from the gray market. There is no special activity in the gray market regarding their shares. However, according to market experts, instead of indications received from the gray market, a decision related to investment in IPOs should be taken on the basis of the company’s fundamentals and financials. Here are the necessary details about these IPOs and company business health. Divine Hira Jewellers will be able to invest ₹ 90 in IPOs of ₹ 31.84 crore of Divine Hira Jewellers iPo Divine Jewelers and by March 19 in lots of 1600 shares. The allotment of shares under the IPO will be finalized on March 20 and then an entry on NSE SME on 24 March. The registrar of the issue is Bigsaire Services. Under this IPO, 35,37,600 new shares with face value of ₹ 10 will be issued. Out of the money raised through IPO, ₹ 3 crore will be repaid, ₹ 19 crore working capital needs and the rest of the money will be used in common corporate purposes. Talking about the company, the Divine Heera Jewelers made in July 2022 sells by designing Gold Jewelery of 22 Cart. Its net profit in FY 2022-24 increased from CAGR of 129.91% to ₹ 1.48 crore and Revenue from CAGR of 13.49% to ₹ 183.41 crore. In the first half of FY 2025, the company has received a net profit of ₹ 2.5 crore and a revenue of ₹ 136.03 crore. Paradip transport will be able to invest a price band of ₹ 93- ₹ 98 and 1200 shares by 19 March in the IPO of ₹ 44.86 crore of Paradip Transport. The allotment of shares under IPO will be finalized on March 20 and then an entry on BSE SME on 24 March. The registrar of the issue is Bigsaire Services. Under this IPO, 35,37,600 new shares with face value of ₹ 10 will be issued. Out of the money collected through IPOs, ₹ 35 crore will be spent on the needs of working capital. Now, the Paradip Transport cargo handling, ship husband Husbandry, Stevadoring, Dreging, Custom House Clearance and Transportation provided in the year 2000. In FY 2022-24, its net profit increased from CAGR of 129.97% to ₹ 15.02 crore and revenue from CAGR of 5.90% to ₹ 211.62 crore. In the first half of FY 2025, the company has received a net profit of ₹ 5.18 crore and a revenue of ₹ 137.94 crore. IPOS This Week: 4 new IPOs will open in the week starting from March 17, 2 companies will be listing 2 companies Listvik Green Energy IPO: Solar Photographic male Plan to raise crores
Source link
