Latest news with #CPP
Cision Canada
8 hours ago
- Business
- Cision Canada
Chief Actuary of Canada launches the review process for 32nd Actuarial Report on the Canada Pension Plan Français
OTTAWA, ON, June 2, 2025 /CNW/ - Today, the Office of the Chief Actuary (OCA) is launching the peer review process for its next (32 nd) Actuarial Report on the Canada Penson Plan (CPP). This important report provides a better understanding of the financial state of the CPP for all Canadians and is expected to be released in December 2025. As part of this process, the OCA is seeking members for the external peer review panel. The external peer review ensures that the actuarial report meets high professional standards and are based on reasonable methods and assumptions. Actuarial reports on the CPP are done every three years and are used by the federal and provincial Ministers of Finance when reviewing and making recommendations on the CPP. The first phase in this process is to seek applicants to create an external peer review panel. The OCA is looking for individuals who are Fellows of the Canadian Institute of Actuaries (FCIAs), as well as possibly one other fully qualified actuary (equivalent to a Fellow of the CIA) who belongs to another actuarial association. To apply, an application form must be submitted by July 18, 2025, at 11:59 p.m. (ET). Additional information on the independent peer review process and the terms of reference is available on the OCA's website. Quote "Our triennial CPP Actuarial Report is foundational to our work and supports our mandate of preparing actuarial valuations of social security programs and Government of Canada pensions and insurance plans. External peer reviews of the CPP actuarial reports serve an important purpose, which is not only to improve the quality and credibility of our reports, but also to assure Canadians that we make all necessary efforts to address future uncertainties. We carefully consider all recommendations provided by such reviews, and we have implemented many of them over the years. We are confident that the upcoming independent review will bring new perspectives on ways to further improve the quality of our work and strengthen the independence of our office." Quick facts The previous report, the 31st Actuarial Report on the Canada Pension Plan, was tabled in the House of Commons on December 14, 2022. Related links Application form Terms of reference Independent peer reviews
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Business Standard
14 hours ago
- Business
- Business Standard
Smallcap packaging stock zooms over 100% in 3 weeks. Do you own?
Cosmo First share price today Shares of Cosmo First, a global leader in films for packaging, lamination, labeling and synthetic paper, was locked at the 5 per cent upper circuit at ₹1,246.70 on the BSE in Monday's intra-day trade, in an otherwise slippery market. In comparison, the BSE Sensex was down 0.42 per cent at 81,113 at 02:38 PM. In the past three weeks, the stock price of this smallcap packaging company has more-than-doubled or zoomed 103 per cent from a level of ₹613.80 on May 12, 2025. In the past two weeks, the stock has rallied 82 per cent after the company reported strong earnings for the quarter ended March 2025 (Q4FY25). It had hit a record high of ₹1,426.67 on April 11, 2022. Commissioning of new BOPP packaging manufacturing line Cosmo First today announced the successful commissioning of new BOPP (Biaxially Oriented PolyPropylene) Film Line with Capex of ₹400 crore plus at company's existing manufacturing plant located at Aurangabad, Maharashtra. The new line boasts an annual rated capacity of 81,200 MT with the world's most advanced technology. With the commissioning of the new line, the company's annual BOPP capacity will increase by approx. 40 per cent to 2,77,000 MT, Cosmo First said in a press release. Speciality sales at Cosmo First have been growing at a compounded annual growth rate (CAGR) of 10 per cent for the last 6 years. The new BOPP Line will support Cosmo in further expanding its product portfolio across speciality films and packaging. The company plans to further strengthen its speciality films product portfolio with several new products in the pipeline, expected to be launched in the upcoming quarters. The management expects the line to get filled fast due to current favourable gap in demand and supply in the domestic industry. Further, the new BOPP film line shall be eligible for state government incentives besides being the most cost-efficient line in India. The company's focus will be on taking full leverage of the new investments including BOPP line and grow specialty film sales, the management said. Cosmo First's Q4 results For Q4FY25, the company reported a 80 per cent year-on-year (Y-o-Y) jump in PAT at ₹27 crore. Earnings before interest, taxes, depreciation and amortisation (Ebitda) was up 26.9 per cent at ₹85 crore, backed by higher speciality sales and better BOPP & BOPET film margins. The company said Ebitda would have been better but for a one-time non-recurring cost of ₹4.3 crore for thermal line shifting from Korea to India (bringing in 10 crore annual efficiencies) and a 10 per cent lower volume of BOPET film due to a planned shutdown. The company further said it invested ₹1,180 crore in the last 3 years (including ₹502 crore in the last year) in multiple growth projects including BOPP, Cast Polypropylene Line (CPP) & Polyester lines, Metallizers, Coating lines, Window / PPF films, Zigly and Rigid Packaging) and these will yield a significant ramp up in revenue as well as profitability in the next 2 to 3 years. Management commentary The company's focus will be taking full leverage of the new investments, growing specialty film sales, expanding in international geographies and pushing down costs. The new film lines are the most cost-efficient and should make Cosmo more competitive in the market. Specialty Chemicals is already earning healthy ROCE. In Zigly, we are expecting profitable growth in services (including Vet and Grooming). Our focus shall continue to be on expanding services particularly Vet care services as well as launch Private labels to improve margins on Product Sales. CPP with an annual capacity of 22k Mt started operations from March 2025 while Sunshield films from May 2025. The company has successfully done pilot runs with 50+ distributors, who are going to distribute both Sunshield films and Paint Protection films. The BOPP line having an annual capacity of 81k Mt p.a. is also expected to start operations from Q1FY26. About Cosmo First Founded in 1981, Cosmo First is a multinational conglomerate and global leader in specialty films, with five major business verticals and operations in over 100 countries. Its portfolio spans flexible packaging, lamination, labelling and specialty films (Cosmo Films), specialty chemicals (Cosmo Speciality Chemicals), rigid packaging (Cosmo Plastech), window films (Cosmo Sunshield), automotive paint protection films (Cosmo PPF), and digital-first omni channel pet care (Zigly), supported by a legacy of innovation and industry leadership.
Mint
16 hours ago
- Business
- Mint
3B Films IPO fully subscribed led by retail investors on the second bidding day. Check GMP, issues details, more
The subscription for the 3B Films IPO commenced on Friday, May 30, and will conclude on Tuesday, June 3. 3B Films IPO price band has been set at ₹ 50 per equity share with a face value of ₹ 10 each. Bids must be placed for a minimum of 3,000 equity shares and can be made in multiples of 3,000 equity shares thereafter. Established in 2014, 3B Films Limited is located in Vadodara, Gujarat, and specializes in the production and supply of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films for packaging and thermoforming applications. The company's product range includes transparent, metalized, white opaque, retort, anti-fog, easy-peel, and EVOH films. With cutting-edge facilities and a commitment to research and development, it distinguishes itself in the specialty films market by offering innovative packaging solutions worldwide. As part of the 3B Group, the company emphasizes continuous research and development to create specialty products. They serve various industries, particularly in food packaging, and have successfully broadened their export reach to regions including Dubai, Nepal, Sri Lanka, and several African nations. Following their initial success, the company invested in new imported machinery, enabling them to double their production capacity to 750 MT per month (9,000 MT annually). The addition of an MDO unit has further expanded their product range. By December 2024, the company reported operational revenue of ₹ 5,679.94 Lakhs, an EBITDA of ₹ 1,196.36 Lakhs, and a profit after tax of ₹ 420.19 Lakhs. 3B Films IPO subscription status is 1.21 times, on day 2, so far. The retail portion was subscribed 1.68 times, and NII portion was booked 73%. The company has received bids for 77,25,000 shares against 64,08,001 shares on offer, at 14:04, according to data on 3B Films IPO subscription status was 86% on the first bidding day. 3B Films IPO consists of a fresh issue of 35,52,000 equity shares, aggregating to ₹ 17.76 crore, and an offer for sale (OFS) of 31,98,000 equity shares aggregating up to ₹ 15.99 crore. The proceeds from the IPO will be directed towards capital expenditures, assisting with working capital requirements, and fulfilling general corporate aims. The subscription period is set to close on June 3rd, 2025. Nirbhay Capital Services Private Limited will serve as the Lead Manager for the Offer, while Maashitla Securities Private Limited will function as the registrar for the offering. Ashokbhai Dhanjibhai Babariya, Chairman and Managing Director of 3B Films Limited, mentioned that the money raised through the IPO will be used for capital expenses tied to our expansion through forward integration, to guarantee working capital for our operational development, and for overall corporate needs. With a well-established facility in Vadodara and a strong focus on recyclable and sustainable film solutions, we align with the industry's shifting expectations regarding both performance and environmental accountability. 3B Films IPO GMP today is +3. This indicates 3B Films share price was trading at a premium of ₹ 3 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of 3B Films share price is indicated at ₹ 53 apiece, which is 6% higher than the IPO price of ₹ 50. According to the recent grey market activities over the past eight sessions, today's IPO GMP is trending positively and is anticipated to have a strong opening. The minimum GMP recorded is ₹ 0.00, while the maximum GMP stands at ₹ 3, as per the insights from experts. 'Grey market premium' indicates investors' readiness to pay more than the issue price. 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
17 hours ago
- Business
- News18
3B Films IPO Day 2: Check Subscription Status, GMP Today
Last Updated: 3B Films Ltd's IPO was subscribed 1.20 times by Day 2, with retail at 1.66 times. The IPO price is Rs 50, and shares trade at Rs 53 in the grey market. It closes on June 3. 3B Films IPO Day 2: The initial public offering of 3B Films Ltd, which was opened for public subscription on Friday, May 30, has received a muted response till Day 2 so far. Till 1:29 pm on the second day of bidding on Monday, the Rs 33.75-crore BSE IPO received a 1.20 times subscription, garnering bids for 76,71,000 shares as against 64,08,001 shares on offer. The retail and NII participation stood at 1.66 times and 0.73 times, respectively. Gujarat-based 3B Films manufactures and supplies cast polypropylene (CPP) and cast polyethylene (CPE) films. The three-day IPO will be closed on Tuesday, June 3. It received a 0.86 times subscription on the first day of bidding on Friday. 3B Films IPO Price The price has been fixed in the range of Rs 50 apiece. 3B Films IPO GMP Today According to market observers, unlisted shares of 3B Films Ltd are currently trading at Rs 53 apiece in the grey market, which is a 6% premium or GMP over the IPO price of Rs 50. It indicates listing gains for investors on June 6, the tentative listing date. The shares will be listed on the BSE's SME platform. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. The minimum lot size for an application is 3,000. The minimum amount of investment required by retail investors is Rs 1,50,000. The bidding can be done in multiple of 3,000. 3B Films IPO: More Details The company is planning to raise Rs 33.75 crore through a fresh issue of 3.54 million equity shares and an offer-for-sale (OFS) of 3.19 million shares. The SME IPO will close for subscription on Tuesday, June 3, 2025. The basis of the allotment of shares is expected to be finalised on Wednesday, June 4, 2025. Maashitla Securities is the registrar of the issue. Nirbhay Capital Services is the sole book-running lead manager for the issue. According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company aims to use Rs 4.43 crore for capital expenditure, Rs 7.15 crore for working capital requirements and Rs 4.43 crore for general corporate purposes.
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Business Standard
19 hours ago
- Business
- Business Standard
3B Films IPO Day 2 update; check subscription status, GMP, key dates
3B Films IPO Day 2 update, subscription status: The initial public offering (IPO) of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films maker 3B Films has received a lacklustre response from investors so far. The SME offering, which opened for public subscription on Friday, May 30, has received bids for 72,42,000 shares, against 64,08,001 on offer, leading to a subscription of 1.13 times at 11:25 AM on Monday, showed BSE data. 3B Films IPO grey market premium (GMP) According to sources tracking unofficial markets, the unlisted shares of 3B Films were trading at ₹53, commanding a GMP of ₹3 or 6 per cent against the issue price of ₹50, on Monday, in the grey market. 3B Films IPO details The company plans to raise ₹33.75 crore through a fresh issue of 3.54 million equity shares and offer for sale (OFS) of 3.19 million shares. The mainline IPO will close for subscription on Tuesday, June 3, 2025. The basis of the allotment of shares is expected to be finalised on Wednesday, June 4, 2025. Shares of 3B Films are scheduled to be listed on the BSE SME platform, tentatively on Friday, June 6, 2025. The company has fixed the price at ₹50 per equity share. Retail investors can bid for a minimum of one lot consisting of 3,000 shares with an investment amount of ₹1,50,000. The minimum investment required for high-net-worth individuals (HNIs) is ₹3,00,000 for two lots of 6,000 equity shares. Maashitla Securities is the registrar of the issue. Nirbhay Capital Services is the sole book-running lead manager for the issue. According to the red herring prospectus (RHP), from the net fresh issue proceeds, the company aims to use ₹4.43 crore for capital expenditure, ₹7.15 crore for working capital requirements and ₹4.43 crore for general corporate purposes. About 3B Films Incorporated in September 2014, 3B Films is engaged in the manufacturing and supply of CPP & CPE films tailored to meet the diverse needs of the flexible packaging industry and high-end thermoforming applications. Its product portfolio includes a wide range of CPP films designed to address the specific needs of various industries, including food and beverage, clothing, flowers and other consumer goods. The company has expanded exports to countries like Dubai, Nepal, Sri Lanka, and several African nations.
