Wipro, DLF shares trade with dividend eligibility today; set to go ex-dividend on Monday
ADVERTISEMENT Wipro, one of India's leading IT services firms, has announced an interim dividend of Rs 5 per share, with the record date fixed for July 28. To qualify for this dividend, shareholders must ensure that their purchase of Wipro shares is completed before the market closes today.
The shares of Wirpo closed flat at Rs 261.90 on the BSE on Thursday.
Further, real estate major DLF has also declared a final dividend of Rs 6 per share. With the record date set for Monday, July 28, today marks the cut-off for investors to be eligible for the benefit. The dividend is part of the company's distribution for the financial year, and reflects its strong performance and cash position.DLF shares closed 1.5% lower at Rs 828.95 on the BSE on Thursday.
As per standard settlement timelines, the ex-dividend date falls one working day prior to the record date, making Friday the final day for purchase to be considered for shareholder eligibility.
ADVERTISEMENT Apart from Wipro and DLF, some other companies have also announced dividend payouts with the same record date of July 28. These include:
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
ADVERTISEMENT
(You can now subscribe to our ETMarkets WhatsApp channel)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
17 minutes ago
- The Hindu
TCS shares decline nearly 2% on layoff announcement
Shares of Tata Consultancy Services (TCS) declined nearly 2% on Monday (July 28, 2025) after the company announced that it will lay off about 12,000 employees of its global workforce this year. The stock dipped 1.69% to ₹3,081.20 on the BSE. At the NSE, it went lower by 1.7% to ₹3,081.60. India's largest IT services firm TCS is set to lay off about 2%t, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30, 2025, TCS's workforce stood at 6,13,069. It increased its workforce by 5,000 in the recently concluded June quarter. The move is part of the company's broader strategy to become a "future-ready organisation", focusing on investments in technology, AI deployment, market expansion, and workforce realignment, TCS said in a statement. "Towards this, a number of reskilling and redeployment initiatives have been underway. As part of this journey, we will also be releasing associates from the organisation whose deployment may not be feasible. This will impact about 2 per cent of our global workforce, primarily in the middle and the senior grades, over the course of the year," it said. TCS will provide appropriate benefits, outplacement, counselling, and support to the impacted employees, it added The move comes at a time when India's top IT services companies have delivered single-digit revenue growth in Q1FY26, capping off a somewhat-sobering June quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decision-making.
Mint
17 minutes ago
- Mint
M&B Engineering IPO: 10 key things from the RHP investors should know
M&B Engineering is set to launch its initial public offering (IPO) on July 30, 2025, with the subscription window closing on August 1, 2025. The IPO, which has a price band of ₹ 366– ₹ 385 per share, comprises a fresh issue worth ₹ 275 crore and an offer-for-sale (OFS) of ₹ 375 crore by promoters. With the lot size fixed at 38 shares, the minimum retail investment comes to ₹ 13,908. The offering will be managed by Equirus Capital and DAM Capital Advisors as book-running lead managers. M&B Engineering is a key player in India's Pre-Engineered Buildings (PEB) and Self-Supported Roofing market. As of December 31, 2024, the company had an installed capacity of 103,800 MTPA for PEB and 1,800,000 square metres per annum for roofing. CRISIL reports that the company held a 75 percent market share in India's self-supported steel roofing segment in FY24, making it the country's largest player in this space. The net proceeds from the fresh issue will be used to: Acquire new equipment and machinery for manufacturing facilities, Repay or prepay certain borrowings, Fund working capital requirements, and Support general corporate purposes. Basis of allotment: August 4, 2025 Refund initiation: August 5, 2025 Demat credit: August 5, 2025 Listing date (tentative): August 6, 2025 on BSE and NSE The company has executed over 9,400 projects over the last 23 years and served more than 2,000 customer groups across industries. Prominent names include: Adani Group entities (Adani Ports, Adani Logistics, Adani Green Energy), Tata Advanced Systems, Intas Pharmaceuticals, Alembic, AIA Engineering, Balaji Wafers, Haldiram, Arvind Ltd, and SMC Power Generation. Long-standing customer relationships, some over 15 years, have led to high levels of repeat business. Listed peers mentioned in the RHP include: Other peers include BirlaNU Ltd and Everest Industries Ltd, placing M&B in a competitive segment with moderate-to-high valuations. The infrastructure sector is expected to continue leading PEB demand, contributing 39–41 percent by 2028, followed by buildings (36.5–38.5 percent) and industrial applications (21.5–23.5 percent). Rising awareness of PEB benefits and government-driven infrastructure initiatives will support this demand. India's PEB market grew at an 8 percent CAGR between FY19 and FY24, expanding from ₹ 130 billion to ₹ 195 billion. The industry is expected to grow by another 8 percent in FY25 to ₹ 210 billion, and log 10–11 percent CAGR between FY24 and FY29, reaching ₹ 315–330 billion. Key growth drivers include investments in logistics, warehouses, toll plazas, and expressways. According to CRISIL, India will witness ₹ 620–670 billion in airport-related capital expenditure between FY25 and FY29. This includes greenfield projects such as Jewar, Navi Mumbai, and Bogapuram airports, alongside brownfield expansions in Bangalore, Hyderabad, and Chennai. M&B Engineering is poised to benefit from this increased activity in structural steel construction. The IPO allocation is as follows: QIBs: Not less than 75 percent NIIs: Not more than 15 percent Retail investors: Not more than 10 percent Additionally, ₹ 20 million worth of shares are reserved for employees, who will also receive a ₹ 36 per share discount under the employee reservation portion. With a strategic focus on turnkey solutions—including design, engineering, manufacturing, and installation—M&B Engineering aims to deepen its footprint in infrastructure and industrial segments. The company is banking on its technical expertise, execution record, and skilled workforce to capitalize on India's growing adoption of structural steel in construction. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
17 minutes ago
- Economic Times
Shanti Gold IPO subscribed 2.25x on Day 2; should you apply? Check GMP, review, and more
Shanti Gold International, a Mumbai-based manufacturer of 22kt CZ casting gold jewellery, operates primarily on a B2B model and caters to large retail chains. Synopsis The Shanti Gold IPO is priced in the range of Rs 189 to Rs 199 per share, with a minimum application size of 75 shares — translating to Rs 14,925 at the top end. Ahead of the issue opening, Shanti Gold International raised Rs 108 crore via anchor investors. Shanti Gold International IPO has gathered an overall subscription of 2.25 times as of 11:10 a.m. on Day 2, with strong interest from retail and non-institutional investors. The shares of the company commanded a grey market premium (GMP) of Rs 38 in the unlisted market, pointing to a potential 19% listing gain over the upper end of the price band set at Rs 199 per share. ADVERTISEMENT Shanti Gold International IPO is a fully fresh issue of 1.81 crore equity shares, amounting to Rs 360.11 crore. The IPO opened for bidding on July 25 and will close on July 29. On Day 1, the issue got off to a modest start, but picked up pace with retail investors leading the charge. On Day 2, the retail portion saw 3.49 times subscription for the 63.33 lakh shares reserved, while the Non-Institutional Investor (NII) segment was subscribed 2.48 times. QIBs, however, have so far shown limited interest, with only marginal bids received for their 36.19 lakh share allocation. The IPO price band has been set at Rs 189–199 per share, with investors able to bid for a minimum of 75 shares, amounting to Rs 14,925 at the upper end and in multiples thereafter. Ahead of the IPO, Shanti Gold International raised Rs 108 crore from anchor investors, with allocations going to names such as Societe Generale, Wealthwave Capital Fund, Rajasthan Global Securities, Astorne Capital VCC Arven, Shine Star Build Cap, Meru Investment Fund, and others, according to a filing on the BSE. Shanti Gold International is a gold jewellery manufacturer, and the positive grey market sentiment suggests confidence in the company's fundamentals, despite mixed institutional interest. The final day of bidding could still see a last-minute boost, particularly from QIBs, potentially lifting the overall subscription Gold International, a Mumbai-based manufacturer of 22kt CZ casting gold jewellery, operates primarily on a B2B model and caters to large retail chains including Joyalukkas, Lalithaa Jewellery Mart and Alukkas. ADVERTISEMENT Also read: GNG Electronics IPO: Allotment status released today, listing date: July 30 — Here's how to track itIts designs are sold across southern India, which currently contributes more than 70% of revenue. The firm plans to expand into North India with a new 1,200 kg manufacturing unit in Jaipur — a strategic move to enter the plain jewellery segment. ADVERTISEMENT Financially, the company has shown robust growth. Revenue rose from Rs 679 crore in FY23 to Rs 1,106 crore in FY25, while net profit surged from Rs 19.8 crore to Rs 55.8 crore during the same period, reflecting a strong CAGR of 68%.EBITDA margins have expanded steadily to 8.83%, and the return on equity (RoE) stood at a healthy 44.85% in FY25. The IPO values the company at a post-issue P/E of 19x, which is at a discount to the industry average of 23x. However, the price-to-book valuation at 7x appears slightly stretched compared to listed peers. ADVERTISEMENT Brokerages have recommended subscribing to the issue, citing strong financials, margin expansion, and a clear strategy to diversify its product mix and regional footprint."The company's robust relationships with marquee jewellers, expanding design capabilities (over 400 designs/month), and controlled in-house manufacturing give it scale and brand trust in the B2B jewellery segment," said Canara Bank Securities. ADVERTISEMENT While risks such as customer and regional concentration exist, the growth momentum and business fundamentals remain attractive. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
