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Economic Times
22-07-2025
- Business
- Economic Times
Shanti Gold International sets IPO price band at Rs 189–199 apiece; issue opens July 25
Shanti Gold International, a leading manufacturer of casting gold jewellery, has announced the price band for its upcoming IPO at Rs 189 to Rs 199 per share. The Rs 360 crore public issue, which is entirely a fresh issue of 1.81 crore equity shares, will open for subscription on July 25 and close on July 29. ADVERTISEMENT The IPO will be listed on both BSE and NSE, with the tentative listing date set for August 1. The allotment is expected to be finalised by July 30. Investors can bid for a minimum of 75 shares. The IPO is currently trading at a grey market premium (GMP) of 0%, indicating muted initial enthusiasm in the unofficial market. Choice Capital Advisors is the sole book-running lead manager for the issue, while Bigshare Services Pvt Ltd has been appointed as the registrar. The IPO proceeds will be used to fund the company's expansion into a new Jaipur manufacturing facility (Rs 46.3 crore), meet working capital requirements (Rs 200 crore), repay borrowings (Rs 17 crore), and cover general corporate purposes. The proposed Jaipur facility aims to scale up production capacity and support design innovation to serve a broader domestic and international market. Shanti Gold International specialises in high-quality CZ-studded designs catering to weddings, festive occasions, and daily wear. The company produces over 400 new designs each month and supplies major clients including Joyalukkas, Lalitha Jewellery, and Alukkas Enterprises. ADVERTISEMENT Its financials reflect a healthy trend, with revenue rising 56% year-on-year to Rs 1,112.47 crore in FY25 and profit after tax surging 108% to Rs 55.84 crore. While the absence of a GMP suggests cautious investor sentiment, the company's strong financial track record, aggressive expansion plans, and deep industry relationships could draw attention as the offer progresses. ADVERTISEMENT (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)
Hans India
20-07-2025
- Business
- Hans India
IPO market outlook for H2 2025 remains cautiously optimistic amid improving economic conditions
Mumbai: The outlook for India's initial public offering (IPO) market in the second half of 2025 remains cautiously optimistic, experts said on Sunday. Ratiraj Tibrewal, CEO of Choice Capital Advisors, believes that economic conditions are likely to improve in the coming months as global and domestic challenges such as inflation, interest rates, geopolitical tensions, and currency volatility begin to ease. This positive outlook follows a strong performance in the first half of 2025, when companies raised Rs 45,351 crore through IPOs despite ongoing global trade tensions and macroeconomic concerns. The amount raised represents a 45 per cent jump compared to Rs 31,281 crore collected during the same period the previous year. Interestingly, while the funds raised increased, the number of IPOs fell to 24 in January–June 2025 from 36 in the same period the previous year. This suggests that companies are opting for larger issue sizes, supported by strong investor demand. According to data shared by merchant bankers, nearly 67 per cent of the IPOs listed in the first half of the year debuted at a premium, with an average return of around 25 per cent for investors. Big names such as HDB Financial Services, Hexaware Technologies, Schloss Bangalore, and Ather Energy hit the market during this period. Most of these public issues included a mix of fresh equity and offers for sale, with funds being used for expansion, debt repayment, and working capital. The period also saw a spike in companies preparing to go public. The Securities and Exchange Board of India (SEBI) received draft IPO papers from 118 companies, more than double the 52 filings in the same period the previous year. This indicates strong future activity in the market. JM Financial emerged as the leader in the IPO space, managing 10 issues that collectively raised Rs 26,838 crore in the first quarter of FY26 alone, according to Prime Database. Vinod Nair, Head of Research at Geojit Financial Services, said that improving earnings in Q1 and Q2 of FY26, along with progress on the India-US trade deal, could further boost market sentiment. However, he also warned that the high base of Rs 1.3 lakh crore raised in the second half of 2024 may make year-on-year (YoY) comparisons more challenging, especially if there is a slowdown in foreign and retail investor inflows.
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Business Standard
23-05-2025
- Business
- Business Standard
Prostarm Info Systems IPO opens on May 27; here's all you need to know
Upcoming IPO: The initial public offering (IPO) of the energy storage and power conditioning equipment maker company, Prostarm Info Systems, is scheduled to open for public subscription on Tuesday, May 27, 2025. Ahead of opening for public subscription, the bidding for the anchor investors is scheduled to take place on Monday, May 26. Prostarm Info Systems, with this public offering, seeks to raise ₹168 crore. As investors await the subscription window to open for the Prostarm Info Systems IPO, here are some key details taken from its Red Herring Prospectus (RHP): Prostarm Info Systems IPO issue size The public issue of Prostarm Info Systems is a book-built issue comprising an entirely fresh issue of 16 million equity shares, aggregating up to ₹168 crore. The public offering does not have any offer-for-sale (OFS) component. Prostarm Info Systems IPO lot size, price band Prostarm Info Systems IPO will be available at a price band of ₹95–105 per share. The lot size for the public issue is 142 shares. Accordingly, investors can bid for a minimum of 142 shares of Prostarm Info Systems and in multiples thereof. The minimum amount required by a retail investor to bid for the Prostarm Info Systems IPO is ₹14,910. A retail investor can bid for a maximum of 13 lots or 1,846 shares, amounting to ₹1,93,830. Prostarm Info Systems IPO allotment date, listing date The public offering will remain available for subscription till Thursday, May 29, 2025. Following that, the basis of allotment of Prostarm Info Systems shares is likely to take place on Friday, May 30, 2025, with the shares being credited into demat accounts on Monday, June 2, 2025. Prostarm Info Systems IPO objective Prostarm Info Systems intends to utilise the net proceeds from the issue towards funding working capital requirements of the company, prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company, as well as for achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. Prostarm Info Systems IPO registrar, lead managers Kfin Technologies serves as the registrar for the public offering, while Choice Capital Advisors is the sole book running lead manager. About Prostarm Info Systems Prostarm Info Systems specialises in energy storage and power conditioning equipment. Founded in 2008, the company designs, manufactures, and sells power solution products like UPS systems and solar inverters. The company serves diverse industries, including healthcare, aviation, and renewable energy. With a strong presence across 18 states and 1 union territory, they have established relationships with major clients like Airports Authority of India and Railtel Corporation. Prostarm offers customised products, installation services, and after-sales support. Prostarm Info Systems financial snapshot In the financial year 2023–24 (FY24), the profit attributable to the owners of the company rose 17.84 per cent year-on-year (Y-o-Y) to ₹22.79 crore from ₹19.34 crore reported in FY23. For the nine-month period ended on December 31, 2024, it stood at ₹22.93 crore. The company's revenue jumped 11.9 per cent Y-o-Y to ₹257.87 crore in FY24 from ₹230.36 crore reported a year ago. For the nine-month period ended on December 31, 2024, the company's revenue stood at ₹268.62 crore. Prostarm Info Systems' total expenditure also rose to ₹228.27 crore in FY24, up 10.7 per cent from ₹206.15 crore reported in FY23. It stood at ₹240.69 crore for the nine-month period ended on December 31, 2024.
Time of India
21-05-2025
- Business
- Time of India
Prostarm Info Systems sets price band at ₹95–105 for ₹168 crore IPO opening on May 27
Prostarm Info Systems , a power solutions and energy storage company , has announced the price band for its upcoming initial public offering (IPO) at ₹95 to ₹105 per share. The ₹168 crore IPO is set to open for subscription on May 27, and will close on May 29. The issue is entirely a fresh equity offering of 1.60 crore shares and will be listed on both the BSE and NSE. Retail investors can bid for a minimum lot size of 142 shares, translating to a minimum investment of ₹13,490 at the lower band and ₹14,910 at the upper band. High net-worth investors can invest at a minimum of 14 lots (1,988 shares) for ₹2.08 lakh, while the cut-off for big HNIs is set at 68 lots (9,656 shares), requiring an investment of ₹10.13 lakh. The IPO is being managed by Choice Capital Advisors, and KFin Technologies is the registrar. Prostarm plans to use ₹72.5 crore from the issue proceeds to fund working capital requirements, ₹17.95 crore to repay existing borrowings, and the rest for inorganic growth initiatives and general corporate purposes. Incorporated in 2008, Prostarm Info Systems is a Pune-based manufacturer of power conditioning and energy storage equipment, including UPS systems, inverters, stabilisers, and lithium-ion battery packs. The company also undertakes rooftop solar power plant projects on an EPC basis. It caters to a broad set of industries such as defence, railways, aviation, healthcare, BFSI, and IT. Its major clients include Railtel Corporation , NTPC Vidyut Vyapar Nigam, Airports Authority of India, and several state-run agencies. As of May 17, 2025, the company operates 21 branch offices and two storage facilities across 18 states and one union territory. It employs over 440 personnel, including permanent and contractual staff. For the nine months ended December 31, 2024, the company reported revenue of ₹270 crore and a net profit of ₹22.11 crore. The company's key strengths include a strong financial track record, diversified product portfolio, wide customer base, and pan-India presence. Prostarm's IPO is expected to attract investors looking for exposure to India's growing energy infrastructure and power management space.
