&w=3840&q=100)
Portfolio Check: This auto ancillary stock is up 76% from April low
Lumax Auto Technologies shares hit a new high of ₹795 today, surging 15 per cent on the BSE in Friday's intraday trade
Listen to This Article
Lumax Auto Technologies share price today
Lumax Auto Technologies shares hit a new high of ₹795 today, surging 15 per cent on the BSE in Friday's intraday trade, in an otherwise weak market after the company reported better-than-expected earnings for the quarter ended March 2025 (Q4FY25).
With today's rally, the stock price of the auto ancillary company has zoomed 76 per cent from its previous month low of ₹452.55, which it touched on April 7, 2025.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
2 hours ago
- Mint
Amid soaring gold prices multibagger jewellery stock gives 300% returns to IPO allottees in two years
Khazanchi Jewellers share price has delivered stellar returns since its debut on the Indian stock market. Khazanchi Jewellers is a Chennai-based gold and silver jewelry retailer that was listed in the Small and Medium Enterprises (SME) segment of the BSE in August 2023. The sharp rally in Khazanchi Jewellers share price has coincided with a significant rise in gold prices. Over the past four years, MCX gold rates have more than doubled, offering substantial gains to investors and supporting the performance of jewellery companies. The initial public offering (IPO) of Khazanchi Jewellers opened on July 24, 2023, and closed on July 28, 2023. Khazanchi Jewellers IPO, listed on the BSE SME platform, was entirely a fresh issue of 69.10 lakh equity shares, through which the company raised ₹ 97 crore. Khazanchi Jewellers IPO price band was fixed at ₹ 140 per share. Khazanchi Jewellers shares had a modest stock market debut on August 7, 2023, with the SME stock listing at ₹ 142.30 apiece — just 1.64% above the issue price. The IPO lot size was 1,000 shares, translating to an initial investment of ₹ 1,40,000 per lot. Investors who were allotted shares witnessed limited gains on listing, but the stock has since seen a strong uptrend. As of May 30, 2025, Khazanchi Jewellers share price closed 0.93% lower at ₹ 562.10 apiece on the BSE SME platform. However, the stock has surged over 151% in the past year and hit its 52-week high of ₹ 670.00 on November 28, 2024. From its IPO price of ₹ 140, the stock has appreciated over 301%, turning into a multibagger for early investors. One IPO lot purchased at ₹ 1,40,000 is now valued at ₹ 5,62,100, reflecting the company's robust post-listing performance. 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.
News18
2 hours ago
- News18
Aegis Vopak Terminals IPO Receives 2.2x Subscription On Day 3, Retail Quota Booked By 0.81x; Check GMP Today
Last Updated: Unlisted shares of Aegis Vopak Terminals Ltd are trading at Rs 236 apiece in the grey market, which is a subdued 0.43% premium or GMP over the IPO price of Rs 235. Aegis Vopak Terminals IPO Day 3: The initial public offering of Aegis Vopak Terminals Ltd has been be closed on Wednesday, May 28. Till 5:00 pm on the final day of bidding on Wednesday, the Rs 2,800-crore IPO received a 2.20 times subscription, garnering bids for 14,43,60,342 shares as against 6,55,31,915 shares on offer. The retail and NII participation stood at 0.81 times and 0.59 times, respectively. Its qualified institutional buyer (QIB) category got a 3.47 times subscription, according to data from exchanges. The IPO was opened for public subscription on Monday, May 26. It received a 27 per cent subscription on Day 1 and a 37 per cent subscription on Day 2. The price band has been fixed in the range of Rs 223-235 apiece. Aegis Vopak Terminals Ltd (AVTL), a joint venture between Aegis Logistics Limited and Royal Vopak, is India's leading third-party owner and operator of tank storage terminals for LPG and liquid products. It has presence over both East and West coasts of India. Aegis Vopak Terminals IPO GMP Today According to market observers, unlisted shares of Aegis Vopak Terminals Ltd are currently trading at Rs 236 apiece in the grey market, which is a subdued 0.43 per cent premium or GMP over the IPO price of Rs 235. It indicates mild listing gains for investors on June 2, the tentative listing date. The shares will be listed on both BSE and NSE. Giving a 'subscribe for long term' rating for the IPO, Bajaj Broking in its IPO note said, 'While the company has demonstrated a strong financial turnaround posting a net profit of Rs 86.54 crore in FY24 after a marginal loss in FY23, the valuation requires careful consideration." Based on FY24 EPS of Rs 1 and a NAV of Rs 13.27, the IPO price band of Rs 223-Rs 235 appears expensive on traditional valuation metrics like price-to-earnings, especially as a meaningful P/E cannot be derived due to the company's recent shift to profitability, it said. 'While the company's strategic importance in India's LPG and liquid bulk infrastructure space justifies a premium to some extent, the pricing seems to factor in strong future growth expectations. Investors should view this IPO as a play on long-term infrastructure and energy logistics growth, but must weigh the premium valuation against the company's limited historical profitability and execution risks in upcoming capex projects," said Bajaj Broking. Another brokerage firm BP Wealth has also granted 'Subscribe' rating to the IPO. 'The company has demonstrated stable financial performance over the last three financial years, aided by its annuity-like business model and long-term customer contracts. The company has managed debt levels, indicating strong financial flexibility to support its expansion plans under project GATI. The company's asset-heavy model and predictable cash flows from storage contracts provide visibility in earnings, making it well-positioned for future growth," it said in its IPO note. The issue is valued at a P/E of 198.0x on the upper price band based on FY25 earnings. 'Therefore, we recommend a SUBSCRIBE rating for the issue," BP Wealth stated. Brokerage firm Ventura also granted 'Subscribe' rating to the IPO. It said, 'At the upper price band of INR 235, the IPO is priced at a TTM P/E of 187.7x. While this valuation appears steep, the company's ongoing LPG capacity expansion and planned future ventures into green ammonia present substantial long-term growth potential. We therefore recommend 'subscribe' to this IPO." Granting 'subscribe for long term' rating to the IPO, Aditya Birla Capital in its note said, 'The company plans to raise Rs 2,800 crore with objective of loan repayment of Rs 2,016 crore and balance for funding expansion capex. At upper price-band of Rs 235, the issue is priced at a ~57x FY25 EV/EBITDA. The aggressive expansion and strong parentage instil confidence in the company, we recommend 'subscribe for long term' to the issue." Risks According to brokerage firms, the IPO faces the following risks: 1) Slowdown in India's oil & gas industry; 2) Damage to assets owing to natural calamities or any other reasons; 3) Non-compliance of safety or legal regulations applicable to the business; and 4) Promoters are involved in similar businesses. Aegis Vopak Terminals has raised Rs 1,260 crore from anchor investors, ahead of its initial share-sale that opens for public subscription. The company is valued at around Rs 26,000 crore at the upper end of the price band. The IPO is entirely a fresh issue of equity shares worth Rs 2,800 crore with no offer-for-sale (OFS) component, according to the red herring prospectus (RHP). Previously, the IPO was planned to raise Rs 3,500 crore. Proceeds worth Rs 2,016 crore will be used for payment of debt, Rs 671.30 crore to fund capital expenditure for the acquisition of a cryogenic LPG terminal at Mangalore and the remaining amount will be allocated for general corporate purposes. Aegis Vopak Terminals owns and operates storage tank terminals across India. These terminals provide secure storage facilities for liquids like petroleum, vegetable oil, lubricants, chemicals, and gases such as LPG, propane, and butane. The strategic location of the company's terminals near key ports, closer to major shipping routes, offers competitive advantages, including faster evacuation through pipelines, rail, and road, lower delivery costs, and improved delivery times. The terminalling industry relies heavily on the strategic location of storage terminals. Terminals near major shipping routes and well-connected ports gain a competitive edge by reducing last-mile delivery costs and ensuring faster delivery times. ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India and HDFC Bank are the book running lead managers to the issue. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : IPO Location : New Delhi, India, India First Published: May 28, 2025, 10:51 IST News business » ipo Aegis Vopak Terminals IPO Receives 2.2x Subscription On Day 3, Retail Quota Booked By 0.81x; Check GMP Today
News18
2 hours ago
- News18
Leela Hotels IPO Vs Aegis Vopak Terminals IPO: What Does GMP Signal? Check Expectations, Listing Date
Last Updated: Leela Hotels IPO Vs Aegis Vopak Terminals IPO: The two IPOs, which closed on May 28 with a muted response, are going to be listed on both BSE and NSE on Monday, June 2. Aegis Vopak Terminals Ltd, a subsidiary of Aegis Logistics Ltd, and Schloss Bangalore Ltd, the owner of Leela Palaces Hotels and Resorts, are set to make their stock market debuts next week. The two IPOs, which closed on May 28 with a muted response from investors, are going to be listed on both BSE and NSE on Monday, June 2. According to market observers, their grey market premiums (GMP), which indicate listing gain/ loss, are indicating flat or negative listing. The GMP of the Aegis Vopak Terminals IPO on Saturday, May 31, stood at just 0.64% and that of the Leela Hotels IPO at only 0.69%. On the final day of bidding on Wednesday (May 29), the Leela Hotels IPO received a muted 4.72 times subscription, with a bidding of 20,87,17,330 shares against the offered shares of 4,42,52,875. The retail quota was not fully subscribed and received just 0.87 times subscription, while NII participation also remained low at 1.08 times. Its qualified institutional buyer (QIB) category got a 7.82 times subscription. The Aegis Vopak Terminals IPO received a subdued 2.20 times subscription, with a bidding of 14,43,70,359 shares against the offered shares of 6,55,31,915. The retail and NII quotas were not fully subscribed and their participation stood at 0.81 times and 0.59 times, respectively. Its qualified institutional buyer (QIB) category got a 3.47 times subscription. Founded in 1986, Schloss Bangalore is the parent company of the luxury hotel chain 'The Leela' in India, one of the largest luxury hospitality chains in the country in terms of the number of keys. Aegis Vopak Terminals owns and operates storage tank terminals across India. These terminals provide secure storage facilities for liquids like petroleum, vegetable oil, lubricants, chemicals, and gases such as LPG, propane, and butane. The GMPs of both the Leela Hotels IPO and the Aegis Vopak Terminals IPO remain low and are in line with the recent listing trends. Last week, four companies — Borana Weaves, Belrise Industries, Dar Credit and Capital (NSE SME), and Unified Data Tech (BSE SME) — listed on stock exchanges on a weak note. They listed at gains of just 12.5%, 11.11%, 8.58%, and 4.4%, respectively.
