IPO Listing on July 14: Smarten Power Systems, Travel Food Services to debut on markets
The initial public offer of Travel Food Services Ltd got subscribed 2.88 times on the closing day of bidding. The initial share sale received bids for 3,86,35,064 shares against 1,34,12,842 shares on offer, as per NSE data.
Qualified Institutional Buyers (QIBs) part fetched 7.70 times subscription while the category for non-institutional investors received 1.58 times subscription. Retail Individual Investors (RIIs) quota got subscribed 69 per cent.
The IPO has a price band of Rs 1,045-1,100 per share. MUFG Intime India Private Limited is the registrar for the Travel Food Services IPO.
Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Batlivala and Karani Securities India Private Limited are the book running lead managers for the Travel Food Services IPO. Kotak Mahindra Bank Limited and ICICI Bank Limited are the sponsor banks for the Travel Food Services IPO.
The three-day subscription of initial public offering (IPO) of Smarten Power Systems Limited opened on July 7 and closed on July 9. The IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to Rs 40.01 crore and an offer for sale of 10 lakh shares aggregating to Rs 10 crore.
Smarten Power Systems Ltd has fixed the price at Rs 100 per equity share for its Rs 50-crore initial public offering (IPO). Maashitla Securities Private Limited is the registrar and Arihant Capital Markets Limited is the book running lead manager for Smarten Power Systems IPO.
(With inputs from PTI)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Print
28 minutes ago
- The Print
Sriharikota, start-ups to space cities: Naidu govt aims for the cosmos with ambitious space policy
The policy, which leverages Sriharikota's strategic location on Andhra Pradesh's southern coast, aims to attract investments worth Rs 25,000 crore in the sector over the next 10 years, and create 5,000 direct and 30,000 indirect jobs in high-technology, space-linked sectors. The Chandrababu Naidu government's Andhra Pradesh Space Policy (4.0), unveiled Sunday, seeks to build on the country's progress and plans in satellite constellation, next-generation technology missions, planetary and interplanetary exploration, and human spaceflight and space station development. Hyderabad: Andhra Pradesh, home to India's only operational spaceport at Sriharikota, has unveiled an ambitious space policy aimed at attracting massive investment and creating thousands of jobs in the state. The five-year policy's strategic goals include the establishment of an enabling eco-system by developing indigenous research and testing infrastructure to reduce dependency on external agencies, and fostering international collaborations and partnerships in critical space technologies, satellite applications and launch logistics. The policy outlines plans to build an enabling ecosystem by developing indigenous research and testing infrastructure to reduce reliance on external agencies, while promoting international collaboration in critical areas, such as space technology, satellite applications, and launch logistics. For the purpose, the government is planning two dedicated Space Cities at Lepakshi (close to Bengaluru), and Tirupati (close to Sriharikota), to make them hubs for space tech, R&D and manufacturing. To implement the policy, the state government will establish a dedicated Special Purpose Vehicle called Andhra Pradesh Space City Corporation, according to government orders issued Sunday. 'The corporation serves as the central agency to coordinate infrastructure development, raise startup funds, attract investments, facilitate industry partnerships, build partnerships to attract global demand and liaise with all Government of India entities for domestic demand. It will also facilitate investors to ensure streamlined execution of space-related projects,' N. Yuvaraj, the industries and commerce department secretary, said while issuing the policy. Operating under the Department of Space, the three key organisations responsible for research, regulatory functions and commercial operations in the space sector are the Indian Space Research Organisation (ISRO), IN-SPACe (Indian National Space Promotion and Authorization Center) and the NewSpace India Limited (NSIL). Also Read: What's next as ISRO pulls off short-duration 'hot tests' for Gaganyaan module propulsion system Financial incentives The policy offers several incentives to encourage start-ups and attract investors in the fast-expanding sector. Start-ups could get a grant of up to Rs 15 lakh in a phased manner, an interest subsidy and seed funding with equity of up to Rs 50 lakh, based on an equity sharing model. Large enterprises are eligible for 15 percent of the eligible fixed capital investment with a maximum cap of Rs 75 crore, disbursed over three years. Enterprises successfully entering technology transfer agreements with national or international organisations are eligible for a technology transfer subsidy and can receive 50 percent of the technology acquisition cost, up to a maximum of Rs 1 crore. The state is offering other incentives, such as rebate on land cost, net SGST reimbursement payable on the sale of final products for five years, a de-carbonisation subsidy and stamp duty reimbursement. However, the overall incentive claim should not exceed 100 percent of the fixed capital investment in the state. Micro, Small and Medium Enterprises (MSMEs) can also claim these benefits, along with power subsidies, skill development assistance, branding and marketing support, although the the overall incentive claim cannot exceed 75 percent of the fixed capital investment. Geographical advantage Officials say Andhra Pradesh has a geographical advantage in the national space ecosystem, being home to the Satish Dhawan Space Centre at Sriharikota—India's only operational launch site. With over 90 successful launches to date, the facility anchors the state's strategic relevance in the country's space programme. 'The development of a third launch pad at Sriharikota further reinforces Andhra Pradesh's role in supporting future strategic, commercial, and crewed space missions. Additionally, the State's proximity to key aerospace hubs such as Bengaluru and Chennai offers significant logistical and technical advantages for component sourcing, talent access, and cross-sector collaboration,' the policy says. The Lepakshi Space City in Sri Satya Sai District (along the Hyderabad-Bengaluru Industrial Corridor) would be situated close to Bengaluru, home to the Indian Space Research Organisation's (ISRO) R&D hub and prominent aerospace clusters. The Tirupati Space City could boast of direct road access to the Satish Dhawan Space Centre (SDSC-SHAR) launch pad, facilitating efficient launch operations. 'Both locations have vast land banks available, providing ample scope for development and growth,' the policy says. Recognising the need to target distinct sub-sectors within the space industry, the policy is categorised into two broad areas. The first focuses on design and development, including spacecraft and payload design, avionics and embedded systems, space applications and downstream services. The second covers manufacturing and launch logistics, such as the production and assembly of launch vehicles, propulsion systems, satellites, mechanical and precision components and support infrastructure. India's space sector accounts for about two percent ($8-$10 billion) of the global space economy valued at over $500 billion. The policy notes that the Centre has set an ambitious target to raise this share to $44 billion by 2030. The domestic space ecosystem comprises more than 700 firms supporting ISRO missions, in addition to over 200-250 space-focused startups that contribute to a vibrant and rapidly evolving innovation landscape. The Indian Space Policy 2023 marks a pivotal shift by liberalising access to space technologies and infrastructure, while permitting 100 percent Foreign Direct Investment (FDI) under the automatic route for satellite component manufacturing and related services. (Edited by Sugita Katyal) Also Read: Elon's Starlink gets nod from India's space regulator but data privacy, space debris concerns abound
Time of India
30 minutes ago
- Time of India
DKS will become CM when time is right: Mandya MLA
M andya: Amid ongoing speculations about DCM DK Shivakumar becoming chief minister, Mandya MLA P Ravikumar asserted that his leadership will materialise when the time is right. "138 MLAs stand firmly behind DK Shivakumar and Siddaramaiah. When time and circumstances align, he will certainly become the chief minister. Timing and opportunity bring results — he deserves the post and will take it when destined," he said. Reacting to BJP state president Vijayendra's "revolution" remark, Ravikumar stated, "While they talk of revolutions, we believe in a mantra of peace. We avoid responding to opposition provocations. The decision rests solely with the high command. Both the chief minister and deputy chief minister have clarified their positions, and MLAs support both leaders." Dismissing reports about Congress MLAs being in contact with the BJP, he added, "We're not in touch with anyone. BJP attempted to lure our MLAs, even offering Rs 100 crore, but none defected. Having failed, they're now sitting quietly at home." MySugar School project "Regarding the proposed MySugar School project, instructions have been issued to the managing director to prepare a detailed blueprint within a month. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ingin Tahu Tentang Diagnosis Limfoma? Dapatkan Info Selengkapnya Limfoma Baca Undo by Taboola by Taboola The local MP has assured that they will personally approach higher authorities to secure necessary development funds. This proposal was discussed in the recent DISHA meeting, where it received approval," added Ravikumar. He also said that the MySugar factory officially commenced sugar cane crushing operations from Tuesday itself. The crushing process is progressing smoothly, benefiting local farmers. Authorities have promised timely payments to farmers for their produce. "This season, the factory has set a target to crush 3 lakh tonnes of sugarc ane," said Ravikumar.
Time of India
30 minutes ago
- Time of India
Over 31 cr women availed free bus travel in Mys district
Mysuru: From June 11, 2023, to June 30, 2025, over 31 crore women in Mysuru district availed free bus travel under the Shakti scheme, said Pushpa Amaranath, vice-chairperson of the Karnataka State Guarantee Schemes Implementation Authority. Speaking to reporters after taking part in celebrations marking the scheme's milestone of 500 crore free journeys across Karnataka, held at the city's rural bus stand, where she distributed sweets to passengers, she highlighted that the Shakti scheme, one of the Congress govt's flagship five guarantees, resulted in 500 crore free journeys by women statewide. She noted the scheme's dual impact — empowering women and supporting the financial health of state transport corporations. While CM Siddaramaiah celebrated the milestone in Bengaluru by issuing the symbolic 500 crore ticket, Mysuru marked the occasion with a special decorated bus procession. Providing district-specific figures, she stated that since the scheme's inception, 46.67 crore passengers travelled on Mysuru's buses, of which 31.04 crore were women beneficiaries. The transport corporation recorded a cumulative revenue of Rs 776.5 crore during this period. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Introducing the Carens Clavis Kia India Learn More Undo Breaking down the earnings: In 2023–24, 10.8 crore women travelled, generating Rs 246.7 crore revenue; in 2024–25, 15.9 crore women contributed Rs 404.7 crore revenue. Up to June 2025–26, 4.24 crore women journeys earned Rs 124.9 crore.
