Latest news with #CRISIL
Mint
20 hours ago
- Business
- 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.
Mint
21 hours ago
- Business
- Mint
Wipro, DLF to CRISIL: 7 key stocks to trade ex-dividend today, 28 July 2025
Dividend Stocks 2025: Wipro, DLF, CRISIL, EIH Associated Hotels, KPIT Technologies, Shyam Metalics and Energy, and The Yamuna Syndicate are the seven key stocks to trade ex-dividend today, 28 July 2025. These companies, along with many others, have designated July 28, 2025, as the record date for identifying and finalising a list of eligible shareholders for dividends. To be included on the list of eligible shareholders for dividends under the T+1 settlement method, investors had to buy stock in these companies at least one day before the record date. Wipro Ltd.— The company will pay an interim dividend of ₹ 5 per equity share with a par value of ₹ 2 to its members, with July 28, 2025, being the record date. The interim dividend will be paid on or before August 15, 2025. DLF — The company has a recommendation of a dividend of ₹ 6/- per equity share with a face value of ₹ 2/- for FY 2024-25 (300%), subject to shareholder approval. EIH Associated Hotels—On May 20, 2025, the Board of Directors recommended a 75% final dividend ( ₹ 1.5/- per equity share with a face value of Rs. 2/-) to shareholders for the fiscal year 2024-25. CRISIL—The Board of Directors has approved a second interim dividend of Rs. 9 per equity share with a face value of Re 1 for the fiscal year ending December 31, 2025. The dividend will be paid on August 8, 2025. KPIT Technologies — The company will be distributing a final dividend of ₹ 6 per equity share of face value of ₹ 10 each (i.e., 60%) for FY 2024-25, subject to declaration of the same by members at the ensuing Annual General Meeting. Shyam Metallics — For the fiscal year 2025-26, shareholders will receive an interim dividend of ₹ 1.80/- per share, equal to 18% of their face value of Rs. 10. The Yamuna Syndicate Ltd.—The company has suggested a final dividend of ₹ 500/- per equity share of ₹ 100/- for the fiscal year ending March 31, 2025, subject to approval by shareholders at the upcoming Annual General Meeting.
Business Standard
a day ago
- Business
- Business Standard
GMR Airports receives ratings action from CRISIL
GMR Airports announced that CRISIL has assigned its ratings for the Non-Convertible Debentures (NCDs) of the Company for an amount of Rs. 6,000 crore at 'Crisil A+/Stable' and for the short term bank facilities availed/to be availed by the Company for an amount of Rs. 1,000 crore at 'CRISIL A1' on 25 July 2025. Powered by Capital Market - Live News
Mint
a day ago
- Business
- Mint
WIPRO, DLF to CRISIL: 7 key stocks to trade Ex dividend today on 28 July 2025
Dividend Stocks 2025: WIPRO, DLF, CRISIL, EIH Associated Hotels, KPIT Technologies , Shyam Metalics and Energy , and The Yamuna Syndicate are the 7 key stocks to trade ex dividend today on 28 July 2025. These companies, along with many others, have designated July 28, 2025, as the record date for identifying and finalizing a list of eligible shareholders for dividends. To be included on the list of eligible shareholders for dividends under the T+1 settlement method, investors had to buy stock in these companies at least one day before the record date. WIPRO Ltd.— The company will pay an interim dividend of ₹ 5 per equity share with a par value of ₹ 2 to its members, with July 28, 2025, being the Record Date. The interim dividend will be paid on or before August 15, 2025. DLF: The company has a recommendation: a dividend of ₹ 6/- per equity share with a face value of ₹ 2/- for FY 2024-25 (300%), subject to shareholder approval. EIH Associated Hotels Ltd—On May 20, 2025, the Board of Directors recommended a 75% final dividend (Rs. 1.5/- per equity share with a face value of Rs. 2/-) to shareholders for the fiscal year 2024-25. CRISIL—The Board of Directors has approved a second interim dividend of Rs. 9 per equity share with a face value of Re 1 for the fiscal year ending December 31, 2025. The dividend will be paid on August 8, 2025. KPITTECH The company will be distributing a final Dividend of Rs. 6.00 per equity share of face value of Rs. 10 each (i.e., 60%) for FY 2024-25, subject to declaration of the same by members at the ensuing Annual General Meeting SHYAMMETL Interim Dividend—For the fiscal year 2025-26, equity shares will receive an interim dividend of Rs. 1.80/- per share, equal to 18% of their face value of Rs. 10/-. The Yamuna Syndicate Ltd.—The company has suggested a final dividend of ₹ 500/- per equity share of Rs. 100/- for the fiscal year ending March 31, 2025, subject to approval by shareholders at the upcoming Annual General Meeting. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
4 days ago
- Business
- Business Standard
CRISIL rates LT bank facilities of Acme Solar Holdings' Deoghar and Phalodi projects
Acme Solar Holdings announced that CRISIL has assigned 'CRISIL AA-/ Stable' rating to long term bank facilities of ACME Deoghar Solar Power and ACME Phalodi Solar Power, subsidiaries of the company. These ratings are assigned to its renewable energy projects in Rajasthan with a total capacity of 600 MW across both the projects and cumulative term loan facility of Rs 2,086 crore from Power Finance Corporation.
