PANTOMATH CAPITAL ADVISORS
Zetwerk Manufacturing shares list at 5% premium over IPO price
The Rs 5,012.33 crore IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of 14.45 crore shares worth approximately Rs 2,182 crore. While the proceeds from the fresh issue will go to the company, the OFS proceeds will accrue to the selling shareholders.
Zetwerk Manufacturing Business IPO Day 2: GMP at 9%; Check subscription status, and key details
Zetwerk Manufacturing Business’ IPO entered its second day of bidding on October 16 after garnering 23% subscription on Day 1. The retail category was subscribed 22%. The IPO’s grey market premium stood at 9%, suggesting potential listing gains, though GMP is unofficial and does not guarantee listing performance.
Zetwerk's Rs 5,012 crore IPO opens for subscription; GMP signals 15% listing gain, check details
The Rs 5,012.33-crore IPO comprises a fresh issue of shares worth Rs 2,830 crore and an offer for sale (OFS) of 14.45 crore shares valued at approximately Rs 2,182 crore.
Zetwerk's Rs 5,012 crore IPO to open this week. Check price band, other details
Zetwerk Manufacturing Business has set its IPO price band at Rs 143–151 per share for its Rs 5,012.33-crore issue opening on October 15. The offering includes a fresh issue of Rs 2,830 crore. Proceeds will primarily fund debt repayment and strategic acquisitions to support its expansion.
Zetwerk weighs nearly Rs 5,000 crore IPO next week: Report
Zetwerk is preparing to launch an IPO as early as October 15, seeking to raise up to $525 million at a targeted valuation of $2.8 billion. The offering will include a fresh issue and a secondary sale by existing shareholders.
German Green Steel shares list at 3% premium over IPO price on BSE
German Green Steel made a modest stock market debut, listing at a 3% premium to its IPO price of Rs 139. The Rs 303.90 crore issue, comprising a fresh issue and offer for sale, was subscribed 30.42 times. The IPO was subscribed 23.98 times by retail investors and 56.77 times by NIIs.
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Investment banks earn Rs 2,274 crore from 81 mainboard IPOs in 2026
During the initial nine months of 2026, investment banks generated fees totaling ₹2,274 crore by managing 81 mainboard IPOs. This figure showcases a notable uptick in both earnings and amounts raised versus last year. The September quarter alone yielded around ₹1,600 crore, highlighting a remarkable rebound in the primary market.

German Green Steel IPO opens for subscription: GMP indicates 20% potential listing gain. Should you subscribe?
German Green Steel’s Rs 303.90 crore IPO opened for subscription today, September 25, and will remain open until September 29. The book-built issue comprises a fresh issue worth Rs 290 crore and an OFS of Rs 13.90 crore. The IPO is commanding a 20% premium in the grey market, signalling strong listing expectations.

Manika Plastech shares list flat at IPO price of Rs 43 on BSE, NSE
Manika Plastech shares made a flat debut at Rs 43 on both BSE and NSE, despite strong subscription demand for its Rs 125.50 crore IPO. The issue was subscribed 29.5 times, led by NIIs, while the company’s FY26 profit rose 16% to Rs 22.40 crore from Rs 19.33 crore.

Manika Plastech IPO allotment likely today: GMP signals 5% listing gain. Here’s how to check status
Manika Plastech is expected to finalise its IPO allotment today after the Rs 125.50 crore issue was subscribed 29.5 times. Its current GMP indicates a potential 5% listing gain ahead of the stock’s scheduled debut on September 21.

Manika Plastech IPO Day 3: Issue subscribed 28 times as GMP hits 7%. Check key details
Manika Plastech IPO saw strong investor demand, with overall subscription reaching 28.14 times. Retail investors showed significant interest, subscribing their portion 22.72 times. The company plans to use IPO proceeds for capital expenditure and debt repayment. Manika Plastech reported a 6% income increase and 16% profit growth. The company manufactures rigid polymer packaging products for various industries.

NSE IPO GMP at 12% as stock exchange announces price band, key dates. 10 things to know
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.

Manika Plastech IPO Day 2: GMP signals 26% listing gains. Check subscription and key details
The Manika Plastech IPO entered its second day of bidding with the issue subscribed 1.46 times on Day 1. The IPO is commanding a 26% grey-market premium, while retail investors showed stronger demand. Here are key details on subscription, GMP, issue structure and financial performance.

NSE IPO set to open for public on September 17; price band at Rs 1,700-1,785
The National Stock Exchange of India's IPO opens September 17, closing September 21. Its price band is set between ₹1,700 and ₹1,785 per share. This offer for sale will raise ₹22,561.5 crore from existing shareholders. The issue size was reduced by fifteen percent from earlier proposals. Share allotment is expected September 22, with listing on September 24.

Manika Plastech IPO opens for subscription; GMP signals 30% listing gain. Check key details
On September 11, 2026, the Manika Plastech IPO kicked off for investor subscriptions, lasting three days. Strong grey market premiums have been reported, indicating positive market sentiment. The company targets to gather Rs 125.50 crore through a mix of new shares and sale offers, with proceeds designated for capital expenditure, debt repayment, and corporate necessities. Expected share listing is set for September 21, 2026, on NSE and BSE.

NSE IPO: 8 selling shareholders trim stake sale as offer size cut by over 15%, RHP shows
NSE has reduced its IPO offer for sale to 12.64 crore shares from 14.89 crore shares, with eight shareholders cutting their proposed stake sale. The Rs 22,561 crore IPO will open on September 17, with shares priced at Rs 1,700-1,785.

NSE IPO price band for Rs 22,561-crore offer announced! Check key dates, other important details
Retail investors have been allocated 35% of the issue, while 50% has been reserved for eligible institutional bidders (QIBs). The remaining portion will be available to non-institutional investors (NIIs).

NSE hires 20 merchant bankers, 8 law firms for IPO
The National Stock Exchange of India has appointed 20 merchant bankers and eight law firms for its upcoming initial public offering (IPO). The IPO will be an offer for sale, with existing shareholders expected to offload approximately 4-4.5% of the exchange's equity. NSE is currently valued at around ₹5 lakh crore in the unlisted market.

Online edtech platform Physics Wallah appoints Ajinkya Jain as Group General Counsel
Physics Wallah Ltd has appointed Ajinkya Jain as the Group General Counsel, Company Secretary, and Compliance Officer. Jain brings extensive experience from Unicommerce eSolutions Ltd and PharmEasy. Alakh Pandey, CEO of Physics Wallah, emphasizes the importance of Jain's legal and corporate governance expertise in their expansion and innovation efforts in the education sector.

IPO Calendar: 7 new issues, 13 listings set to dazzle primary market next week
India's primary market remains strong with seven IPOs set to open next week, including two mainboard and five SME segment offers. Additionally, 13 listings are expected, including Bajaj Housing Finance. Analysts highlight growing investor confidence and a vibrant capital-raising environment, projecting significant fundraising activity in the coming months.

FPIs pump in Rs 52,910 crore as Budget aims to foster stable investment environment
The foreign portfolio investor (FPI) community, which is set to play a major role in positioning India as the third largest economy in the world, has pumped in nearly 52,910 crore in equity and debt this month (till July 26).

A charged up IPO market paving way for global corporates to look at India for equity funding: Report
Hyundai India and LG’s IPO plans may influence other multinational companies with significant market shares. With the general election gone by, expectations of a charged-up second half for the primary market are ripe with as many as 55 companies lining up to raise around Rs 68,000 crore.

SAR Televenture announces Rs 450 crore rights issue, FPO
SAR Televenture announced a composite equity issue of Rs 450 crore through a rights issue and follow-on public offering.

Pantomath Capital Advisors appoints Ajay Jain managing partner, Investment Banking
Ajay Jain, formerly chairman & managing director at Monal Capital, and executive director of Centrum Capital will lead the Business Development vertical of the Investment Banking Division at Pantomath.

Jodhpur-based Vishnu Prakash R Punglia Ltd files IPO papers with Sebi
The Jodhpur-based company has experience in the design and construction of major infrastructure projects for the central and state governments, with ongoing projects in nine states.The company's revenue from operations increased to Rs 785.61 crore in 2021-22 from Rs 373.15 crore in 2019-20, and profit for the year rose to Rs 44.85 crore from Rs 12.66 crore

Inventys Research raises Rs 225 crore led by Plutus Wealth, Pantomath Capital
Plutus Wealth Management committed Rs 225 crores of primary infusion into the company. At the same time, India Inflection Opportunity Fund, managed by Pantomath Capital Management, picks up the secondary round offered by certain existing shareholders of the company.

Dr. Kiran Patel, Florida based Indian-American philanthropist acquires significant stake in Axiom Energy Conversion Limited
Anupam Rasayan went public in March of this year at a valuation of over $750 million, fueled by a total capital infusion of $100 million from Dr. Patel, which began in 2018.

Response to SME IPOs has been tremendous: Mahavir Lunawat, Pantomath Capital Advisors
Investor confidence and participation in some of the SME stocks is phenomenal

Majestic Research Services FPO starts tomorrow, price band set at Rs 106-114
The company, which got listed in July 2015, will achieve the distinction of being the first company on the SME platform to come up with a follow-on offer.
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