logo
Lamtuf files draft IPO papers with Sebi

Lamtuf files draft IPO papers with Sebi

Time of India15-07-2025
Lamtuf, an industrial laminates manufacturer, has filed preliminary papers with market regulator Sebi to seek approval to raise funds through an initial public offering (IPO).
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Lamtuf, an industrial laminates manufacturer, has filed preliminary papers with market regulator Sebi to seek approval to raise funds through an initial public offering ( IPO ).The IPO is a mix of fresh issue of 1 crore shares and an offer-for-sale (OFS) of 20 lakh shares by promoters, according to the draft red herring prospectus (DRHP) filed on Monday.Proceeds from the fresh issue to the extent of Rs 60.43 crore will be used towards part financing the expansion of its existing manufacturing facility in Telangana, Rs 34 crore for funding working capital requirements and a portion will be utilised for general corporate purposes.Hyderabad-based Lamtuf is a vertically integrated manufacturer engaged in the production and sale of industrial laminates, shuttering films and composite materials.Its key customers include High Volt Electricals, Sabar Industries, Technical Associates, Auto CNC and Bharat Bijlee It supplies its products to more than 23 customers in over 15 countries.Lamtuf's revenue from operations increased by 8.97 per cent to Rs 185.54 crore in FY25 from Rs 170.28 crore in the preceding fiscal, and profit after tax rose 10.24 per cent to Rs 21.83 crore compared to Rs 19.80 crore a year ago.Unistone Capital is the sole book-running lead manager, and KFin Technologies is the registrar of the issue. The equity shares are proposed to be listed on the NSE and BSE.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Gold prices slip from 5-week high to trade below Rs 1 lakh on US-Japan trade deal. More downside in sight?
Gold prices slip from 5-week high to trade below Rs 1 lakh on US-Japan trade deal. More downside in sight?

Economic Times

time19 minutes ago

  • Economic Times

Gold prices slip from 5-week high to trade below Rs 1 lakh on US-Japan trade deal. More downside in sight?

Live Events How to trade gold? Gold has support at Rs 99,000-98,500 and resistance at Rs 99,850-1,00,100 Silver has support at Rs 1,14,750-1,14,000 and resistance at Rs 1,16,600-1,18,000 Gold rates in physical markets Gold Price today in Delhi Gold Price today in Mumbai Gold Price today in Chennai Gold Price today in Hyderabad (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Slipping from their 5-week high and below the Rs 1 lakh mark, gold August futures contracts on MCX were trading at Rs 98,944/10 grams, down by Rs 473 or 0.48% as safe haven buying witnessed a drop amid the US-Japan trade deal silver September futures contracts were also trading slightly lower by Rs 288 or 0.25% at Rs 1,15,346/ Wednesday, gold and silver settled on a weaker note in the domestic and international markets. Gold August futures contract settled at Rs 99,417 per 10 grams with a loss of 0.91% and silver September futures contract settled at Rs 1,15,634 per kilogram with a loss of 0.02%.Gold and silver showed very high price volatility and gained in the early trading session, but slipped from their highs amid easing safe-haven buying after the US-Japan trade agreement. The U.S. and Japan have entered into a trade agreement in which the U.S. reduced import tariffs on Japanese goods from a hefty 25% to 15%.'Bullion markets reacted negatively to that, and the market is also expecting that the U.S. could also settle trade disputes with other nations prior to the deadline on 1st August,' said Manoj Kumar Jain of Prithvifinmart Commodity Research. Gold prices slipped from 5-week highs, and silver prices also plunged from nearly 14-year highs. However, a weak dollar index and dovish comments from the FOMC members are supporting precious US Dollar Index, DXY, was hovering near the 97.26 mark, gaining 0.04 or 0.04% on Thursday.'We expect gold and silver prices to remain volatile this week amid volatility in the global financial markets and ahead of the ECB monetary policy meetings, but gold prices could hold their support level of $3,280 per troy ounce and silver prices could also hold $36.40 per troy ounce levels on a weekly closing basis,' he Kumar Jain suggested the following ranges for gold and silver on MCX:Jain suggests buying silver on dips around Rs 1,15,000-1,14,400 with a stop loss of Rs 1,13,300 for a target of Rs 1,16,200-1,17, gold (22 carat) prices in Delhi stand at Rs 58,144/8 grams while pure gold (24 carat) prices stand at Rs 62,032/8 gold (22 carat) prices in Mumbai stand at Rs 57,504/8 grams while pure gold (24 carat) prices stand at Rs 61,312/8 gold (22 carat) prices in Chennai stand at Rs 56,928/8 grams while pure gold (24 carat) prices stand at Rs 60,680/8 gold (22 carat) prices in Hyderabad stand at Rs 56,904/8 grams while pure gold (24 carat) prices stand at Rs 60,664/8 grams.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Goa's solar industry set for Rs 325 crore turnover by 2027: SPAG
Goa's solar industry set for Rs 325 crore turnover by 2027: SPAG

Deccan Herald

time19 minutes ago

  • Deccan Herald

Goa's solar industry set for Rs 325 crore turnover by 2027: SPAG

Panaji, Goa's solar industry is set for significant expansion, with business turnover projected to reach Rs 325 crore and job creation expected to rise sharply by 2027, according to the Solar Power Association of Goa (SPAG)..Addressing a press conference on Wednesday, SPAG President Sandeep Naik said that Prime Minister's PM Surya Ghar Scheme and Goa State Solar Policy are the "best solar policies till date"..He said Goa Chief Minister Pramod Sawant has prioritised green energy and is encouraging people to come forward and take advantage of the PM-led scheme.."So far, the state has witnessed a solar capacity installation of 12 MW with another 2 MW under progress," he said, adding that the industry estimates that the total installed capacity will grow to 65 MW by 2027.."The cumulative investment from consumers is expected to rise from Rs 18 crore at present to Rs 162 crore, while business turnover is projected to surge from Rs 37 crore to Rs 325 crore," he said that the number of entrepreneurs engaged in the solar sector is set to triple from 45 to 135 by has projected that direct employment in the sector will rise to 2,250 and indirect job creation to 6,750 by 2027, up from the current estimates of 750 direct and 1,875 indirect jobs in added that the central government has so far disbursed Rs 13.5 crore in subsidies through the state government and Rs 5.37 crore directly as central support. "Correspondingly, GST collection from the sector has already reached Rs 4.48 crore (from the time of introduction of the PM scheme) and is expected to climb to Rs 39 crore by 2027," Naik said.

IEX suffers worst single-day loss since listing, down 26%. Should you buy the dip?
IEX suffers worst single-day loss since listing, down 26%. Should you buy the dip?

Economic Times

time19 minutes ago

  • Economic Times

IEX suffers worst single-day loss since listing, down 26%. Should you buy the dip?

Shares of Indian Energy Exchange (IEX) tanked 26% on Thursday, logging their worst intraday single-day performance since listing in 2017. The stock is on track for its seventh consecutive session of losses, extending the declines to 33% in this period. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Should you buy the dip? Shares of Indian Energy Exchange IEX ) tanked 26% on Thursday, logging their worst intraday single-day performance since listing in 2017. The stock is on track for its seventh consecutive session of losses, extending the declines to 33% in this their 52-week low of Rs 139.02 today, IEX saw massive sell-off with nearly 3 crore shares changing hands on the NSE around 1 fall is attributed to the Central Electricity Regulatory Commission (CERC) formally approving the implementation of market coupling for India's power sector. The regulatory development came just hours ahead of IEX's first-quarter earnings for FY26, scheduled later an order issued late Wednesday, the CERC said it would initiate market coupling in a phased manner, beginning with the Day-Ahead Market (DAM) by January 2026. This move follows extensive consultations with Grid-India and other power sector an order issued late Wednesday, the CERC said it would initiate market coupling in a phased manner, beginning with the Day-Ahead Market (DAM) by January 2026. This move follows extensive consultations with Grid-India and other power sector coupling is aimed at unifying price discovery by pooling bids from multiple power exchanges and clearing them centrally. The mechanism is expected to improve efficiency and reduce regional price disparities, but it may also disrupt the existing revenue model for dominant players like IEX operates independently as a leading player in the DAM and Real-Time Market (RTM). The introduction of coupling would mean bids from IEX and other exchanges will now be centrally matched, potentially eroding IEX's competitive downgraded its target price to Rs 122 from Rs 160, maintaining a 'Market-Perform' rating. The brokerage noted, 'Coupling… as bad as it gets,' citing risks to IEX's transaction charges and market share. 'With the moat of liquidity gone, the only way to compete is transaction charge,' it however, maintained a 'Buy' call with a target price of Rs 285. While acknowledging the move was a negative surprise, the firm pointed out that the Grid-India report estimated only a 0.01–0.3% benefit in terms of savings or volume cleared. It also noted that RTM coupling would be considered in later phases. In FY25, DAM and RTM together contributed nearly 80% of IEX's revenue. Axis Capital highlighted the earnings risk, estimating that had market coupling been in place in FY25, IEX's EPS could have been around 30% lower due to loss of market share.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store