News for Systematix Corporate Services Limited (SYSTMTXC.BO)

Indogulf Cropsciences is set to list its shares on the stock exchanges. The IPO saw strong investor demand. The company's IPO was subscribed over 27 times. It plans to use the IPO proceeds for working capital and debt repayment. Indogulf reported a profit of Rs 28.23 crore in FY24.

German Green Steel and Power filed for a Rs 450 crore IPO to fund expansion, repay debt, and support operations. The Gujarat-based firm focuses on TMT bars and renewable energy integration, with strong financial growth and brand presence.

Indogulf Cropsciences' IPO witnessed significant investor interest, being oversubscribed seven times on its final day, driven primarily by non-institutional investors. The grey market premium suggests a potential 12.6% gain over the IPO's upper price band. Proceeds from the IPO will support working capital, debt reduction, and a new formulation plant.

German Green Steel Ltd. on Monday filed its preliminary papers with the Securities and Exchange Board of India to raise funds via an initial public offering. The public offer will include fresh issues of shares worth Rs 450 crore and offer-for-sale of up to 20 lakh shares. Promoters Inamulhaq Shamsulhaq Iraki and Abdulhaq Shamsulhaq Iraki will be offloading their shares.

Indogulf Cropsciences is experiencing a thrilling 54% subscription rate for its IPO by Friday morning, showcasing enthusiastic participation from retail investors. The IPO is available for subscription until June 30, with the allotment date marked for July 1. Anticipated listings on the BSE and NSE are planned for July 3.

The initial public offer of Indogulf Cropsciences Ltd was subscribed by 40 per cent on the first day of bidding on Thursday.

Indogulf Cropsciences launches its IPO on June 26, aiming to raise Rs 200 crore through a fresh issue and offer for sale. The IPO, priced between Rs 105 and Rs 111 per share, will fund working capital, debt repayment, and a new plant.

Indogulf Cropsciences IPO is a book-building issue worth Rs 200 crore.

Indogulf Cropsciences IPO will open on June 26 and close on June 30, with a price band of Rs 105–111 per share. The Rs 200 crore issue includes a Rs 160 crore fresh issue and an OFS of over 36 lakh shares. Proceeds will fund working capital, debt repayment, and a new DF plant in Haryana.

ESDS Software Solution Ltd., an end-to-end AI-enabled cloud, data-centre infrastructure and software solutions provider, has re-filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering worth Rs 600 crore. Previously, the company had filed its DRHP in September 2021. However, it had withdrawn its draft document in December 2021. The IPO solely comprises a fresh issue with a face value of Re 1 per equity share.

Stocks including Titan, ABB India, IRCTC, Afcons Infra, Gland Pharma, Dixon Tech, Raymond, Amara Raja Energy and more will be the spotlight on Tuesday, November 05.

Shares of Premier Polyfilm and Systematix Corporate Services will be focused today due to announced stock splits. Both companies set November 5 as the record date. Premier Polyfilm will split shares from Rs 5 to Re 1, while Systematix Corporate Services will do the same. This is the first stock split for both companies, as per Trendlyne data.

Indian benchmark equity indices gained during a special one-hour "muhurat" trading session on Friday, marking the Diwali festival, driven by auto stocks boosted by positive monthly sales data.

Indian equity indices fell for a third session due to lackluster corporate earnings and foreign selling, despite gains from Bajaj Finance. Analysts suggest Nifty's crucial support is at 24,378; a break below could lead to further declines.

Promoters and promoter group entities hold a 85.03 per cent stake in the company while public shareholders hold the rest 14.97 per cent stake.

Stocks including HDFC Bank, Infosys, Nuvama Wealth, IndiGo, RITES, Torrent Pharma, Indian Bank & RailTel and more will be the spotlight on Friday, September 27.

The board of directors of Systematix Corporate Services Ltd. has given its nod to raise Rs 103 crore via preferential allotment of shares to non-promoters. In the board meeting called on Sept. 14, it was decided to issue and allot 6.73 lakh shares of face value of Rs 10 at a "price of Rs 1,531 per equity share", the company said in an exchange filing. The issue price marks a discount of around 5% as compared to the closing price of Rs 1,610 on the BSE on Sept. 13.

D-Street settled at record closing high on Monday, led by financials, index heavyweight Reliance Industries and energy stocks. The volatility indicator ended 15% lower as exit polls predicted that PM Narendra Modi will retain power with a landslide victory. Momentum indicator Moving Average Convergence Divergence showed bullish trade on the counters of Amines & Plasticizers, Advait Infratech, and AMIC Forging, among others.

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