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The Maharashtra Real Estate Regulatory Authority has directed the developer to refund the amounts paid, along with applicable interest, after noting that the project remained incomplete and its registration had lapsed without an extension. View More
The Maharashtra Real Estate Regulatory Authority has directed the developer to refund the amounts paid, along with applicable interest, after noting that the project remained incomplete and its registration had lapsed without an extension. View More
The Maharashtra Real Estate Regulatory Authority has directed the developer to refund the amounts paid, along with applicable interest, after noting that the project remained incomplete and its registration had lapsed without an extension. View More
Vama Wovenfab is set to launch its initial public offering on September 15, offering shares priced between Rs 324 and Rs 341. The company aims to raise Rs 49.5 crore, which will support various operational needs including working capital, machinery acquisitions, and the construction of a new shed. The equity shares will also be listed on the BSE SME platform. View More
Vama Wovenfab, a manufacturer of fabric-based packaging products , on Friday said it has fixed a price band at Rs 324-341 per share for the Rs 49.5-crore initial public offering (IPO) that will open for subscription on September 15. The IPO is scheduled to close on September 17, and the company's equity shares are proposed to be listed on the BSE SME platform . Listing is tentatively scheduled for September 22, subject to receiving applicable approvals, a statement said. The initial share sale is entirely a fresh issue of nearly 14.53 lakh equity shares with a face value of Rs 10 each, according to the Red Herring Prospectus (RHP) filed on Tuesday. At the upper end of the price band, the company is going to fetch Rs 49.54 crore from the IPO. The net proceeds from the public issue worth Rs 26.5 crore will be used for working capital requirements of the company, funds worth Rs 7.24 crore for purchase of machinery and Rs 1.36 crore towards construction of a shed. Live Events The remaining balance will be used for general corporate purposes, as per RHP. Vama Wovenfab Ltd is in the manufacturing and selling of Polypropylene/ High Density Polyethene (HDPE) woven sack bags & fabric-based products of different weights, sizes and colours as per customers' specifications, like HDPE trampoline and coloured woven fabric sheets, loop handle bags. The company also trades in plastic granules. On the financial front, the company reported revenue from operations at Rs 214.62 crore in FY26, compared with Rs 27.87 crore in FY24. During the same period, its profit after tax stood at Rs 11.55 crore, up from Rs 2.63 crore. Gretex Corporate Services is the sole book-running lead manager for the IPO. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Mann Fleet Partners has secured SEBI approval for its initial public offering. The company plans to raise funds through a fresh issue and an offer for sale. Proceeds will be used for debt payment and general corporate purposes. Mann Fleet Partners provides car and coach rental services across eighty-six cities globally. The stock will be listed on the National Stock Exchange and the BSE. View More
Chauffeured car rental and mobility solutions provider Mann Fleet Partners has secured Sebi's approval to raise funds through an initial public offering (IPO), an update with the markets regulator showed on Friday. The proposed IPO comprises a fresh issue of 60.12 lakh equity shares and an Offer-For-Sale (OFS) of 19.10 lakh equity shares by promoters and individual shareholders, according to the draft red herring prospectus (DRHP). The company plans to use the proceeds from the fresh issue for debt payment and general corporate purposes. Mann Fleet Partners, which filed its preliminary papers with Sebi in June, obtained its observations on September 8, the update showed . Receiving Sebi's observation is a key step in the IPO process, following which a company can proceed with further preparations for the public issue, subject to applicable regulatory requirements. Live Events Mann Fleet Partners is engaged in the business of providing economy, premium, and luxury car and coach rental services, delivering transportation solutions to corporates, governments, embassies, travel agencies, event management organisations and retail clients. It operates a chauffeur service network spanning 86 cities across 6 countries, including India, the United Arab Emirates, Saudi Arabia, the United States of America, Sri Lanka, and England. While rapidly expanding in global markets, it maintains an extensive domestic footprint, serving 80 cities across India. Khambatta Securities is the sole book-running lead manager of the issue, while Bigshare Services is the registrar. The stock will be listed on the National Stock Exchange (NSE) and the BSE. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Steamhouse India’s IPO was subscribed 8.36 times by 1 pm on Day 3, led by strong demand from non-institutional investors. The issue’s grey market premium stood at Rs 23, indicating a potential 28% listing gain over the Rs 81 upper price band. The IPO closes on September 11, 2026. View More
The Steamhouse IPO continued to attract strong investor interest on the third and final day of bidding, with the issue subscribed 8.36 times by 1 pm. Adding to the buzz, the stock was seen commanding a 28% premium in the grey market, signalling expectations of a strong listing gain. On Day 3, investors bid for 8.36 times the 3.76 crore shares on offer. Retail investors remained active; the portion reserved for Retail Individual Investors (RIIs) was subscribed 8.82 times against the 1.88 crore shares on offer. The IPO comprises a fresh issue of Rs 353 crore and an Offer for Sale (OFS) of Rs 61 crore. The entire OFS component will be sold by promoter Vishal Sanwarprasad Budhia, who is offloading shares worth approximately Rs 61 crore. The company has set the IPO price band at Rs 77–Rs 81 per equity share, with each share having a face value of Rs 2. Steamhouse shares are proposed to be listed on both the NSE and BSE, with the tentative listing date set for September 17, 2026. The basis of allotment is expected to be finalised on September 15, ahead of the stock market debut. Live Events Equirus Capital Ltd. is the book-running lead manager for the issue, while Kfin Technologies Ltd . is acting as the registrar. Steamhouse IPO Subscription StatusThe Steamhouse IPO continued to see strong demand on the third and final day of bidding. As of 1:00 PM on Day 3, the issue was subscribed 8.36 times, with investors bidding for shares against the total 3.76 crore shares on offer. Retail Individual Investors (RIIs): The retail portion was subscribed 8.82 times, against 1.88 crore shares on offer. Non-Institutional Investors (NIIs): The NII category witnessed the strongest demand, with the portion subscribed 15.37 times against 80.64 lakh shares on offer. Qualified Institutional Buyers (QIBs): The QIB portion was subscribed 2.30 times, against 1.07 crore shares on offer. Steamhouse IPO GMP TodayThe Steamhouse IPO Grey Market Premium (GMP) currently stands at Rs 23, indicating a 28% premium over the IPO's upper price band of Rs 81. At the current GMP, the estimated listing price works out to around Rs 104 per share, pointing to a potential 28% listing gain for investors if the grey market trend translates into the actual market debut. IPO Objects of the IssueThe company plans to use the IPO proceeds primarily to repay or prepay Rs 180 crore of its outstanding borrowings, helping reduce its debt burden. A portion of the funds will also be directed towards capacity expansion at its Ankleshwar and Panoli facilities, with Rs 37.98 crore earmarked for each project. Another Rs 38.17 crore will be used to set up a manufacturing facility for steam generation at Dahej SEZ. This remaining proceeds will be utilised for general corporate purposes, taking the total estimated utilisation of the net proceeds to Rs 294.13 crore. Financial PerformanceSteamhouse India Ltd. reported a 24% year-on-year increase in total income, rising from Rs 398.53 crore in FY25 to Rs 494.97 crore in FY26. The growth reflects a strong improvement in the company’s revenue during the latest financial year. Profitability also moved in tandem, with profit after tax (PAT) climbing 24% from Rs 31.16 crore in FY25 to Rs 38.64 crore in FY26. The steady rise in both income and profit highlights the company’s improved financial performance in FY26. About Steamhouse India Ltd.Incorporated in June 2015, SteamHouse India Ltd. is an industrial gas company engaged in the generation and centralised distribution of steam and nitrogen through its pipeline network. Its systems offer industrial customers an alternative to setting up and maintaining their own infrastructure. The company operates a pipeline network spanning over 45 km across key industrial hubs such as Sachin, Vapi, Ankleshwar, Sarigam, Panoli and Nadesari. Its business includes steam generation and distribution, steam procurement and distribution, and nitrogen separation, compression and supply, along with coal trading. SteamHouse serves clients including Aether Industries, Anupam Rasayan India, Globe Enviro Care, Gujarat Polysol Chemicals and other industrial customers. As of July 31, 2026, the company had 229 employees and 276 contract workers. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Greece is planning a steep increase in property transfer tax for non-EU buyers, potentially raising the upfront cost of residential real estate for Golden Visa investors by tens of thousands of euros. View More
NSE’s IPO is set to raise around Rs 22,662 crore, with the latest grey market premium at 11–12% after the exchange fixed its price band. The offer size has been cut to 12.64 crore shares, meaning it will not surpass Hyundai Motor India’s Rs 27,870-crore issue to become India’s largest IPO. View More
The grey market premium for the NSE IPO stood at around 11-12% after the company fixed the price band and announced other crucial details about its much-awaited public issue that aims to raise around Rs 22,662 crore from India’s primary market. NSE has reduced its offer size to 12.64 crore shares, according to the red herring prospectus (RHP) filed on Thursday. The initial public offering thereby has missed the mark of becoming India’s largest IPO so far by overtaking Hyundai Motor India’s 2024 mega issue which was valued at around Rs 27,870 crore. Here are 10 key things about NSE IPO that investors should know. 1. NSE IPO key dates NSE’s mega IPO will open for public bidding on September 17 (Thursday) and close on September 21 (Monday). The anchor book for the IPO is scheduled to open on September 16 (Wednesday). The shares of India’s biggest exchange by trading volumes is expected to debut on its older peer BSE later this month on September 24. 2. NSE IPO structure NSE’s mega initial public offering will entirely comprise an offer for sale (OFS) of 12.64 crore shares by existing shareholders including SBI, Canada Pension Plan Investment Board, Aranda Investments (Mauritius) Pte. Ltd., MS Strategic Mauritius Ltd., New India Assurance, SBI Capital Markets, Bank of Baroda , Stock Holding Corporation of India, General Insurance Corporation of India and United India Insurance Company. Live Events Since there is no fresh issue component in the mega IPO, none of the IPO proceeds will be received by the stock exchange as all will be directed towards the selling shareholders. 3. NSE IPO price band NSE has fixed the price band for its mega IPO at Rs 1,700-1,785 apiece, with each share carrying a face value of Rs 1. At the upper end of the price band, NSE IPO will be valued at Rs 22,561.57 crore, making it the second-largest IPO in Indian history, after Hyundai India’s market debut in 2024. At this price, NSE will likely have a market capitalisation of around Rs 4.41 lakh crore. Eligible employees participating in the IPO will receive a discount of Rs 170 per share. Also read | NSE IPO price band for Rs 22,561-crore offer announced 4. NSE GMP Ahead of listing, the unlisted shares of NSE were trading around Rs 190-222 higher than the IPO price in the grey market, according to sites tracking the unofficial market. This implies a grey market premium (GMP) of 11-12% over the IPO price. NSE has been one of the most active and widely tracked names in the unlisted market. Many investors entered the stock ahead of the IPO, betting that the exchange’s strong franchise, dominant position and long wait for listing would lead to a premium debut. 5. What is the lot size for NSE IPO? The lot size has been set at eight shares, meaning retail investors will need to invest a minimum of Rs 14,280 to bid for one lot, and in multiples of eight shares thereafter. Also read | NSE unlisted shares vs Nifty: Where did investors make more money ahead of mega IPO? 6. NSE IPO retail quota Retail investors have been allocated 35% of the NSE IPO, while 50% has been reserved for eligible institutional bidders (QIBs). The remaining portion will be available to non-institutional investors (NIIs). Kotak Capital, JM Financial, Morgan Stanley India, Citigroup, HSBC Securities, JPMorgan India, SBI Capital, Anand Rathi Advisors, Avendus Capital, Axis Capital, DAM Capital, Equirus Capital, HDFC Bank , ICICI Securities, IDBI Capital, IIFL Capital, Motilal Oswal, Nuvama Wealth, Pantomath Capital and 360 ONE WAM are the book running lead managers for the IPO. 7. About NSE NSE commands a near-total share of trading volumes across India's two most actively traded asset classes, a position that has made it one of the most closely watched unlisted names on Dalal Street for years. The company has played a pivotal role in transforming the capital markets in India by democratizing access and enabling efficient capital flows through a transparent, technology-driven ecosystem. 8. NSE financials NSE reported a 7% year-on-year increase in profit for the June quarter, supported by higher transaction charges and strong operating margins. Net income stood at Rs 3,120 crore in Q1, while total income rose 9% YoY to Rs 5,252 crore. Analysts, however, have cautioned investors about the exchange’s dependence on derivatives trading volumes. Earnings remain closely linked to activity in the derivatives segment, which can be volatile, particularly following regulatory changes in the futures and options market. 9. NSE IPO history NSE IPO will mark the culmination of a long process which was first initiated in December 2016, when NSE filed its first DRHP for a Rs 10,000-crore issue. The process was subsequently stalled due to the co-location controversy. Later, the Supreme Court dismissed Sebi’s appeal against NSE in the co-location case, removing a key regulatory overhang for the exchange’s listing plans. Earlier this month, market regulator Sebi approved the exchange’s draft offer plan. 10. NSE dividend history NSE is India's largest stock exchange in terms of cash market turnover, equity derivatives turnover and exchange-traded currency derivatives turnover. NSE's strong and consistent cash generation is reflected in its shareholder payouts. The exchange paid a dividend of Rs 35 per share in both FY25 and FY26, while the FY24 dividend stood at Rs 18 per share on a bonus-adjusted basis. This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Qualiance International made a strong debut on the NSE SME platform, with shares listing 77% above the IPO price. The Rs 45.11-crore issue drew an exceptional 459.22 times subscription. Proceeds will primarily fund a new manufacturing facility in Tiruppur, View More
Qualiance International shares made a blockbuster market debut on Friday, listing at a premium of 77% over the issue price. The stock opened at Rs 224.90 apiece on the NSE SME platform, up 77.08% from the issue price of Rs 127. The listing surpassed unlisted market expectations. The GMP for the stock hovered around 64%, signalling expectations of a strong debut. The Rs 45.11-crore IPO, which opened for subscription on September 4, 2026, and closed on September 8, 2026, received an overwhelming response from investors. The issue was subscribed 459.22 times overall. The retail portion was subscribed 447.13 times, while the QIB and NII portions were subscribed 299.60 times and 699.59 times, respectively. The IPO comprised entirely of a fresh issue of 35.52 lakh equity shares, aggregating to Rs 45.11 crore. There was no offer-for-sale (OFS) component. Qualiance International had fixed the IPO price band at Rs 120–Rs 127 per share, with a lot size of 1,000 shares. Live Events At the upper end of the price band, a retail investor was required to invest a minimum of Rs 2.54 lakh for 2,000 shares, equivalent to two lots. For high-net-worth individuals (HNIs), the minimum application size was three lots, or 3,000 shares, requiring an investment of Rs 3.81 lakh. Hem Securities Ltd. acted as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. served as the registrar to the IPO. IPO Objects of the Issue Qualiance International plans to utilise the net proceeds from the IPO primarily to fund capital expenditure for setting up a new manufacturing facility in Tiruppur, Tamil Nadu. The company has earmarked approximately Rs 38 crore for the proposed facility. Any balance remaining from the net proceeds will be deployed towards general corporate purposes, in accordance with applicable laws and regulations. Financial Performance Qualiance International reported a strong improvement in its financial performance in FY26, driven by higher revenue and a significant expansion in profitability. The company’s total income increased 47% to Rs 80.95 crore in FY26, compared with Rs 55.06 crore in FY25. The bottom line recorded an even stronger growth. Profit after tax (PAT) jumped 142% to Rs 11.87 crore in FY26, from Rs 4.90 crore a year earlier, reflecting a substantial improvement in the company’s profitability. About Qualiance International Incorporated in August 2006, Qualiance International Limited is engaged in the design, engineering, manufacture and export of performance and technical garments for institutional, government and brand clients in international markets. The Company originally commenced operations as a partnership firm, M/s. Qualiance Exports, in 1994 and was subsequently incorporated as Qualiance International Private Limited before being converted into a public limited company in December 2025. Its product portfolio includes military uniforms, tactical outerwear, high-visibility workwear, weather-resistant and all-weather outerwear, police and border patrol uniforms, protective workwear and performance activewear. The Company operates a manufacturing facility in Tiruppur, Tamil Nadu, with an installed capacity of 450,000 garment pieces per annum. The facility supports various manufacturing activities, including regular cut-and-sew operations and specialized processes such as seam sealing, bonded construction, ultrasonic welding, laser cutting and lamination. The Company manufactures both knitted and woven garments based on customer specifications, technical drawings, patterns and performance requirements. The Company primarily serves customers across Europe and North America, including government, institutional and brand clients. Its export-focused business contributed 98.82% of revenue from operations in Fiscal 2026. The Company follows quality and compliance standards applicable to international markets and holds certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 14064-1:2018, SA 8000, GOTS and GRS, along with SEDEX SMETA audit compliance. The Company also holds the status of a Two Star Export House issued by the Government of India. As of June 30, 2026, the Company had 255 payroll employees across its manufacturing facility and office operations, supported by contractual labour engaged based on production requirements. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)