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Mint
11 hours ago
- Business
- Mint
Aditya Infotech IPO: Issue subscribed over 100x on third day. Check GMP and other details
Aditya Infotech IPO Day 3: The initial public offering (IPO) of Aditya Infotech saw a bumper demand from investors as the bidding for the mainboard issue saw over 100 times bids. Strong appetite for the IPO from all quarters of the market, along with a bumper grey market premium and positive brokerage views resulted in a stellar subscription number. Aditya Infotech IPO, priced in the range of ₹ 640-675 per share, was a mix of fresh issue of ₹ 500 crore and an offer for sale of ₹ 800 crore, with the company looking to raise ₹ 1,300 crore at the upper end of the price band. The company plans to use the funds from fresh proceeds for repayment of certain corporate borrowings and the rest for general corporate purposes. Investors could apply for the IPO in lots of 22 shares. The minimum investment requirement for a retail investor was ₹ 14,080. Ventura, Anand Rathi, Canara Bank Securities and Lakshmishree Investment were among the brokerages that had assigned a 'Subscribe' rating to Aditya Infotech IPO. At the end of the three-day bidding process, Aditya Infotech IPO was subscribed 100.69 times. The QIB quota was booked the most at 133.21 times. It was followed by the NII segment that received 72 times bids. Meanwhile, retail category was booked 50.86 times and the employee portion 8.50 times. Overall, the issue received over 113 crore bids as against 1.12 crore shares on offer. Aditya Infotech IPO GMP today is ₹ 290. At the prevailing GMP and issue price of ₹ 675 per share, Aditya Infotech IPO listing price could be ₹ 965, a premium of 42.96% over the IPO price. Aditya Infotech IPO will be listed on BSE, NSE, with a tentative listing date fixed as Tuesday, August 5, 2025. Aditya Infotech Limited offers a comprehensive range of advanced video security and surveillance products, technologies, and solutions for both enterprise and consumer segments under its well-recognised 'CP PLUS' brand. Additionally, they provide solutions and services such as fully integrated security systems and Security-as-a-Service, delivered directly and through their distribution network. Disclaimer: This story is for educational purposes only. 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 hours ago
- Business
- Economic Times
M&B Engineering IPO sails through on Day 2: Check GMP, price band, and other key details
The price band for the IPO is set at Rs 366–385 per share. At the upper end, M&B Engineering's market capitalisation is estimated at approximately Rs 2,200 crore. M&B Engineering's IPO saw strong demand, fully subscribed by Day 2 with an overall subscription of 110%. Retail investors showed significant interest, subscribing 4.18 times their quota. The IPO price is set at Rs 366–385 per share, with proceeds aimed at capital expenditure and debt repayment. Brokerages are positive, citing the company's strong fundamentals and growth potential. Tired of too many ads? Remove Ads Use of Proceeds Tired of too many ads? Remove Ads Company Details Should You Subscribe? The initial public offering (IPO) of M&B Engineering was fully subscribed by Day 2 of bidding, with an overall subscription of 110% as of 11:15 am on IPO received bids for 1.08 crore shares against 97.98 lakh shares on offer. Retail investors subscribed 4.18 times their quota, while non-institutional investors (NIIs) subscribed 1.22 times. Qualified institutional buyers (QIBs) were yet to price band for the IPO is set at Rs 366–385 per share. At the upper end, the company's market capitalisation is estimated at approximately Rs 2,200 the grey market, M&B Engineering shares were quoting at a premium of Rs 54–55, implying a listing gain of about 16% over the issue net proceeds will be utilised for capital expenditure, debt repayment, and technology upgrades at the company's manufacturing units in Sanand and Cheyyar.M&B Engineering is one of the largest players in the pre-engineered buildings (PEB) and self-supported steel roofing segments, with over 9,500 completed projects and exports to 22 client portfolio includes the Adani Group, Tata Advanced Systems, and Alembic Pharma . As of June 30, its order book stood at over ₹840 crore. The company provides end-to-end project solutions including design, fabrication, and FY25, the company reported revenue of Rs 988 crore and a net profit of Rs 77 crore, with an EPS of Rs 13.5. The IPO is priced at a P/E of 28.5x based on FY25 are positive on the company's fundamentals but note that the issue appears fully priced. Anand Rathi has rated the IPO as 'Subscribe for Long Term,' citing M&B's integrated manufacturing setup, economies of scale, and export momentum, particularly in the U.S. Capital and DAM Capital Advisors are the book-running lead IPO includes a fresh issue of equity shares worth Rs 275 crore and an offer for sale (OFS) of Rs 375 crore by the promoters.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
17 hours ago
- Business
- Time of India
M&B Engineering IPO sails through on Day 2: Check GMP, price band, and other key details
The initial public offering (IPO) of M&B Engineering was fully subscribed by Day 2 of bidding, with an overall subscription of 110% as of 11:15 am on Thursday. The IPO received bids for 1.08 crore shares against 97.98 lakh shares on offer. Retail investors subscribed 4.18 times their quota, while non-institutional investors (NIIs) subscribed 1.22 times. Qualified institutional buyers (QIBs) were yet to participate. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Digital Marketing Data Science Artificial Intelligence others Design Thinking Project Management Healthcare Leadership Management Data Science Finance Public Policy PGDM Product Management MCA Others Data Analytics Cybersecurity CXO Degree Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details M&B Engineering IPO Price Band The price band for the IPO is set at Rs 366–385 per share. At the upper end, the company's market capitalisation is estimated at approximately Rs 2,200 crore. M&B Engineering IPO GMP In the grey market, M&B Engineering shares were quoting at a premium of Rs 54–55, implying a listing gain of about 16% over the issue price. Use of Proceeds The net proceeds will be utilised for capital expenditure, debt repayment, and technology upgrades at the company's manufacturing units in Sanand and Cheyyar. Company Details M&B Engineering is one of the largest players in the pre-engineered buildings (PEB) and self-supported steel roofing segments, with over 9,500 completed projects and exports to 22 countries. Its client portfolio includes the Adani Group, Tata Advanced Systems, and Alembic Pharma . As of June 30, its order book stood at over ₹840 crore. The company provides end-to-end project solutions including design, fabrication, and erection. For FY25, the company reported revenue of Rs 988 crore and a net profit of Rs 77 crore, with an EPS of Rs 13.5. The IPO is priced at a P/E of 28.5x based on FY25 earnings. Should You Subscribe? Brokerages are positive on the company's fundamentals but note that the issue appears fully priced. Anand Rathi has rated the IPO as 'Subscribe for Long Term,' citing M&B's integrated manufacturing setup, economies of scale, and export momentum, particularly in the U.S. market. Equirus Capital and DAM Capital Advisors are the book-running lead managers. The IPO includes a fresh issue of equity shares worth Rs 275 crore and an offer for sale (OFS) of Rs 375 crore by the promoters.
Economic Times
18 hours ago
- Business
- Economic Times
NSDL IPO subscribed 1.99 times on Day 2, GMP rises to 17%. Check reviews, other details
The initial public offering (IPO) of National Securities Depository Limited (NSDL), India's first and largest depository, experienced strong investor interest on its second day, with the subscription reaching nearly twice the number of shares available. The IPO was open for subscription from July 30 to August 1. The IPO's grey market premium (GMP) currently stands at 14.44%, equivalent to Rs 135. ADVERTISEMENT By 10:10 am on Day 2, the overall subscription reached 1.99 times, fueled mainly by strong interest from non-institutional investors (NIIs). NIIs had subscribed 3.27 times, while retail investors showed a 2.08 times subscription. Qualified institutional buyers (QIBs) contributed with an 84% subscription rate. This public offering is a pure offer-for-sale (OFS) by existing shareholders, totalling Rs 4,012 crore. In the grey market, NSDL shares are trading at a healthy 14.44% premium, indicating a potential listing gain of around Rs 135 per share, based on the upper IPO price band of Rs 800. The IPO price band has been set between Rs 760 and Rs 800 per share Brokerages have largely recommended a 'Subscribe' rating to the NSDL IPO for long-term investors. Anand Rathi and Canara Bank Securities cite NSDL's near-monopoly scale in the depository ecosystem, healthy financials, wide product coverage, and strategic relevance to India's capital market infrastructure as key positives. ADVERTISEMENT Meanwhile, Angel One has issued a 'subscribe for long-term' rating for the offer, stating, 'At the upper price band of Rs 800, NSDL is valued at a post-issue P/E of 47× FY25 earnings, which is lower than listed peer CDSL. Given its strong market position, high entry barriers, and long-term growth tailwinds from India's digital and capital market expansion.'Additionally, Bajaj Broking also assigned a 'subscribe for long-term' rating for the NSDL IPO. In its note, it stated that NSDL is engaged as a pioneer in depository services in India and is an icebreaker for the demat process. The company is expanding its horizon with more value-added services and options. ADVERTISEMENT 'With dominant market share, a wide service reach, and diversified asset coverage, NSDL is well-positioned for long-term growth, supported by macroeconomic tailwinds and regulatory enablers. However, investors should remain cautious of its dependence on transaction volumes, evolving investor behaviour, and high regulatory and cybersecurity risks,' flagged Saurabh Jain, Equity Head, Research- Fundamentals at SMC Global Securities. ADVERTISEMENT The NSDL IPO comprises 5.01 crore equity shares, and the subscription window will remain open until August 1. Investors can bid for a minimum lot of 18 equity shares and in multiples thereof. The company is proposed to be listed on the BSE, with the tentative listing date set for August has set the IPO price band at Rs 760 to Rs 800 per share. ADVERTISEMENT Established following the enactment of the Depositories Act, 1996, NSDL was the first depository to commence operations in India. It plays a crucial role in the country's financial market infrastructure and offers depository services across multiple asset classes, including equities, debt instruments, mutual funds, REITs, InvITs, AIFs, and boasts a pan-India reach, covering over 99% of PIN codes, and has a global footprint with clients in 186 countries. The company operates on a stable annuity-like revenue model, derived from annual issuer charges and transaction-based the financial year ended FY25, NSDL reported revenue of Rs 1,420 crore, marking a 12% year-on-year growth, while profit after tax (PAT) rose 25% YoY to Rs 343 crore. The company posted a strong EBITDA margin of 34.71%, highlighting efficient has also diversified its business through subsidiaries like NSDL Database Management Ltd (NDML) and NSDL Payments Bank Ltd (NPBL), expanding into areas such as e-governance services, regulatory technology platforms, and digital banking. Also read: Brigade Hotel Ventures shares list at 10% discount to IPO price On the valuation front, the IPO is priced at a price-to-earnings (P/E) ratio of 46.62x and a price-to-book (P/B) ratio of 7.98x, based on FY25 earnings. In comparison, its listed peer Central Depository Services (India) Ltd (CDSL) trades at a higher P/E of 60.43x and P/B of 18.08x. However, NSDL commands a larger share of demat assets, more extensive institutional coverage, and a broader service infrastructure. (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)
Time of India
18 hours ago
- Business
- Time of India
NSDL IPO subscribed 1.99 times on Day 2, GMP rises to 17%. Check reviews, other details
The initial public offering (IPO) of National Securities Depository Limited (NSDL), India's first and largest depository, experienced strong investor interest on its second day, with the subscription reaching nearly twice the number of shares available. The IPO was open for subscription from July 30 to August 1. The IPO's grey market premium (GMP) currently stands at 14.44%, equivalent to Rs 135. NSDL IPO Subscription Status Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Project Management Artificial Intelligence Design Thinking Technology CXO MBA Management Degree others Cybersecurity Leadership healthcare Product Management Operations Management Others MCA Healthcare Finance Data Science Data Science Data Analytics Public Policy Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details By 10:10 am on Day 2, the overall subscription reached 1.99 times, fueled mainly by strong interest from non-institutional investors (NIIs). NIIs had subscribed 3.27 times, while retail investors showed a 2.08 times subscription. Qualified institutional buyers (QIBs) contributed with an 84% subscription rate. This public offering is a pure offer-for-sale (OFS) by existing shareholders, totalling Rs 4,012 crore. NSDL IPO GMP Today In the grey market, NSDL shares are trading at a healthy 14.44% premium, indicating a potential listing gain of around Rs 135 per share, based on the upper IPO price band of Rs 800. The IPO price band has been set between Rs 760 and Rs 800 per share Should you subscribe to the NSDL IPO? Brokerages have largely recommended a 'Subscribe' rating to the NSDL IPO for long-term investors . Anand Rathi and Canara Bank Securities cite NSDL's near-monopoly scale in the depository ecosystem, healthy financials, wide product coverage, and strategic relevance to India's capital market infrastructure as key positives. Meanwhile, Angel One has issued a 'subscribe for long-term' rating for the offer, stating, 'At the upper price band of Rs 800, NSDL is valued at a post-issue P/E of 47× FY25 earnings, which is lower than listed peer CDSL. Given its strong market position, high entry barriers, and long-term growth tailwinds from India's digital and capital market expansion.' Additionally, Bajaj Broking also assigned a 'subscribe for long-term' rating for the NSDL IPO. In its note, it stated that NSDL is engaged as a pioneer in depository services in India and is an icebreaker for the demat process. The company is expanding its horizon with more value-added services and options. 'With dominant market share, a wide service reach, and diversified asset coverage, NSDL is well-positioned for long-term growth, supported by macroeconomic tailwinds and regulatory enablers. However, investors should remain cautious of its dependence on transaction volumes, evolving investor behaviour, and high regulatory and cybersecurity risks,' flagged Saurabh Jain, Equity Head, Research- Fundamentals at SMC Global Securities . About NSDL IPO The NSDL IPO comprises 5.01 crore equity shares, and the subscription window will remain open until August 1. Investors can bid for a minimum lot of 18 equity shares and in multiples thereof. The company is proposed to be listed on the BSE, with the tentative listing date set for August 6. NSDL has set the IPO price band at Rs 760 to Rs 800 per share. About NSDL Established following the enactment of the Depositories Act, 1996, NSDL was the first depository to commence operations in India. It plays a crucial role in the country's financial market infrastructure and offers depository services across multiple asset classes, including equities, debt instruments, mutual funds, REITs, InvITs, AIFs, and more. NSDL boasts a pan-India reach, covering over 99% of PIN codes, and has a global footprint with clients in 186 countries. The company operates on a stable annuity-like revenue model, derived from annual issuer charges and transaction-based fees. NSDL financial performance and valuation For the financial year ended FY25, NSDL reported revenue of Rs 1,420 crore, marking a 12% year-on-year growth, while profit after tax (PAT) rose 25% YoY to Rs 343 crore. The company posted a strong EBITDA margin of 34.71%, highlighting efficient operations. NSDL has also diversified its business through subsidiaries like NSDL Database Management Ltd (NDML) and NSDL Payments Bank Ltd (NPBL), expanding into areas such as e-governance services, regulatory technology platforms, and digital banking. Also read: Brigade Hotel Ventures shares list at 10% discount to IPO price On the valuation front, the IPO is priced at a price-to-earnings (P/E) ratio of 46.62x and a price-to-book (P/B) ratio of 7.98x, based on FY25 earnings. In comparison, its listed peer Central Depository Services (India) Ltd (CDSL) trades at a higher P/E of 60.43x and P/B of 18.08x. However, NSDL commands a larger share of demat assets, more extensive institutional coverage, and a broader service infrastructure. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
