Latest news with #ESG-compliant
&w=3840&q=100)
Business Standard
13 hours ago
- Business
- Business Standard
Regaal Resources IPO opens: Analysts suggest long-term buy; here's why
Regaal Resources IPO: The initial public offering (IPO) of maize speciality products manufacturer, Regaal Resources, opened for public subscription today, August 12, 2025. At the upper end of the price band of ₹96 to ₹102, the company aims to raise ₹306 crore. The mainline offering comprises a fresh issue of 20.6 million equity shares and an offer for sale (OFS) of 9.4 million equity shares. Anil Kishorepuria, Shruti Kishorepuria, BFL Private Limited and SRM Private Limited are the promoter selling shareholders. On Monday, August 11, the company raised ₹92 crore from the anchor investors. Taurus Mutual Fund, VPK Global Ventures Fund, Meru Investment Fund PCC-Cell 1, Benami Capital, Sunrise Investment Opportunities Fund, Authum Investment and Infrastructure Fund and Holani Venture Capital Fund were the institutions that participated in the anchor, according to an exchange filing. Regaal Resources has allotted 8.9 million equity shares to various funds at ₹102 per share. Regaal Resources IPO grey market premium (GMP) The unlisted shares of Regaal Resources were trading at ₹125 in the grey market, up ₹23 or 22.5 per cent from the upper end price, according to sources tracking unofficial market activities. Anand Rathi Research - Subscribe for long-term According to analysts at Anand Rathi, Regaal Resources is well-positioned to capitalise on its strategic location in Kishanganj, a key maize belt accounting for 11.58 per cent of national output and its proximity to major mandis and cross-border markets. "With capacity utilisation at 99.74 per cent and an ongoing scale-up from 750 to 1,650 tonnes per day (TPD), the company demonstrates strong demand visibility and robust execution capabilities," the brokerage said in a note. The company's 54-acre integrated facility, in-house power plant, and ESG-compliant systems strengthen its ability to operate smoothly and sustainably. Its wide range of products – including both native and modified starches - serves fast-growing industries such as food, pharmaceuticals, and personal care. With a growing presence across India, strong customer relationships, and an effective sourcing strategy, the company continues to build a solid competitive advantage. However, analysts believe that the company has a capital-intensive nature of operations, exposure to Agri cycles, and limited pricing power in a commoditised market. "On the valuation front, based on annualised FY25 earnings, the company is seeking a P/E of 21.9 times, and a post-issue market capitalisation of approximately ₹1,047.7 crore, making the issue appear fully priced," the brokerage said. Arihant Capital - Subscribe for long term According to Arihant Capital, Regaal Resources benefits from a strategic location, with its manufacturing facility situated close to both raw material sources and key consumption markets. This advantage is further supported by an efficient procurement strategy and access to diverse raw material sourcing channels. With a broad product portfolio catering to various industries, Regaal is well-positioned to capitalise on favourable industry trends. "At the upper band of ₹102, the issue is valued at a P/E of 22x based on the FY25 EPS of ₹4.64. We recommend a 'Subscribe for long term' rating for this issue," the brokerage said. Here are the key details of Regaal Resources IPO: Regaal Resources IPO is available at a price band of ₹96 to ₹102 per share, with a lot size of 144 shares. Accordingly, investors can bid for a minimum of one lot or 144 shares of Regaal Resources and in multiples thereof. The minimum amount required by a retail investor to bid for the IPO is ₹14,688 at the upper end price. A retail investor can bid for a maximum of 13 lots or 1,872 shares, amounting to ₹1,90,944. The three-day subscription window to bid for the issue will conclude on Thursday, August 14, 2025. Following the closure of the subscription window, the basis of allotment of shares is likely to take place on Monday, August 18, 2025. Shares of Regaal Resources are scheduled to make their D-street debut on Wednesday, August 20, by listing on the BSE and NSE. MUFG Intime India is the registrar of the issue. Pantomath Capital Advisors and Sumedha Fiscal Services are the book-running lead managers. According to the red herring prospectus (RHP), the company plans to utilise the net fresh issue proceeds for the repayment or prepayment of certain debt and general corporate purposes.
The Diplomat
05-08-2025
- Business
- The Diplomat
Vietnam's Strategic Ascent Up the Global Chip Supply Chain
In March of this year, the Vietnamese government officially approved the country's first wafer fabrication plant, with a total investment of 12,800 billion VND ($500 million). Scheduled for completion before 2030, the project marks Vietnam's first serious step into the high-value, technically demanding world of chip manufacturing. For years, Vietnam has been an emerging participant in the semiconductor supply chain, though its involvement so far remains mostly concentrated in lower rungs of the supply chain, such as packaging and testing. Although the factory may initially focus on less advanced chips, it represents a move into the more complex and strategic phase of semiconductor fabrication in support of Vietnam's long-term vision to become a global semiconductor hub by 2050. This transition comes at a moment when semiconductors have become central to global power. In 2024 alone, the global chip market was valued at over $627 billion, according to the World Semiconductor Trade Statistics. Chips today are central to military capability, economic competitiveness, and technological sovereignty. What is Vietnam's chance of evolving into a serious player in this new industry? Vietnam is taking concrete steps to establish a credible legal and institutional foundation for its semiconductor ambitions. A key milestone came on June 27, when the National Assembly passed the Law on Science, Technology, and Innovation. Scheduled to take effect on October 1, this law introduces Vietnam's first comprehensive statutory framework for managing and promoting innovation, including provisions that directly support the semiconductor sector. In 2025 alone, the Ministry of Science and Technology led the drafting of nine major laws related to science, technology, innovation, and digital transformation. This is an unprecedented number, considering that in the previous five-year National Assembly terms, passing even one or two such laws was considered significant. The Law on Science, Technology, and Innovation sets three priorities for the government: building and expanding national research infrastructure; creating a legal environment that encourages risk-taking and innovation; and introducing flexible funding mechanisms and protections to support researchers and institutions. Complementing these priorities is Vietnam's continued effort to strengthen intellectual property (IP) protections, particularly in areas such as chip design, integrated circuit layouts, and trade secrets. Without enforceable IP laws, global firms are unlikely to share their most sensitive technologies or engage in co-development partnerships. To elevate Vietnam's role in the global semiconductor supply chain, the government has also included a range of targeted investment incentives such as preferential tax policies, ESG-compliant industrial zones, streamlined land access, and prioritized R&D. In parallel, the government is also investing in human capital. Through partnerships with firms like Synopsys and Cadence, chip design training programs are being introduced to build a skilled domestic workforce. The government's semiconductor drive also involves significant improvements to Vietnam's infrastructure. Unlike general manufacturing, semiconductor production requires ultra-clean environments, uninterrupted electricity, sophisticated temperature and humidity control systems, and access to pure water. Developers such as Frasers Property, VSIP, and DEEP C are already building fab-ready industrial parks that meet global ESG and LEED standards. In Bình Duong, for example, sustainable industrial zones are emerging to attract and support high-tech investment. To reinforce this momentum, Vietnam is also pursuing internal structural reforms aimed at aligning governance with industrial needs. One such initiative in northern Vietnam is the coordinated development of provinces like Bac Ninh and Bac Giang into a high-tech economic corridor. This strategy aims to attract semiconductor supply chain investment through integrated industrial zones, infrastructure upgrades, and targeted incentives for global tech firms. At the center of this effort is Bac Ninh, home to major investments from Samsung and Amkor, which is positioning itself as a potential 'Silicon Valley of the North' by leveraging its proximity to Hanoi, well-established industrial infrastructure, and a rapidly growing ecosystem of electronics and chip-related industries. But moving up the value chain also requires strong partnerships. Vietnam has deliberately chosen not to align with a single power bloc but instead pursues a multi-directional strategy, seeking collaboration with a wide range of technology partners. The United States is playing a significant role, supporting Vietnam through policy coordination and workforce development programs. Japan is contributing expertise in smart manufacturing and semiconductor tooling, while South Korea continues to expand its chip ecosystem in Vietnam, including through Samsung's growing R&D operations in Hanoi. Amid all this progress, Vietnam remains conscious of the geopolitical terrain. As tensions escalate between the U.S. and China, the country has attempted to strike a balance, benefiting from American capital and training while keeping stable relations with China. This balanced approach has earned attention abroad. Vietnam is increasingly recognized as one of the key emerging beneficiaries of the 'China+1' diversification strategy, as companies seek to build more resilient and geographically balanced supply chains. Yet challenges remain, the most urgent of which is talent. While the government has set a goal of training 50,000 semiconductor engineers by 2030, the current talent pool remains limited. Most universities do not yet offer deep technical programs in chip design, process engineering, or fab management. Vietnam's current partnerships with Synopsys and Cadence focus on foundational chip design training, though this is still limited in scope and not yet sufficient for competing in the more advanced segments of the global semiconductor industry. IP enforcement, too, remains uneven and many companies still perceive risks around technology leakage. The necessary infrastructure will also take considerable time to develop, given the scale of the requirements. While challenges remain, particularly in areas such as energy supply, skilled labor, and long-term policy consistency, Vietnam has, in just the first half of 2025, demonstrated that its semiconductor ambitions are more than aspirational. The government has moved decisively from planning to implementation, enacting new laws, strengthening intellectual property protections, and launching targeted investment incentives. These efforts signal a broader shift: Vietnam is no longer just a recipient of technology or capital, but is attempting to position itself as a partner committed to contributing and aligning with international standards. For investors and global collaborators, it is sending the message that Vietnam is not only ready to engage today, but is also laying the strategic foundation to become a key global semiconductor hub by 2050.
&w=3840&q=100)
Business Standard
04-08-2025
- Business
- Business Standard
India to become fourth-largest office-space market globally: Knight Frank
This area is set to double to 2 billion sq ft during 2036-2041. The market offers a unique cost advantage, with average rents declining to $0.96/sq ft a month in 2025 New Delhi India's office stock is on track to reach 1 billion square feet (sq ft) by September this year, with a value of $187 billion. This would make it the fourth-largest market in the world, behind the US, China, and Japan, according to a report by Knight Frank India. This area is set to double to 2 billion sq ft during 2036-2041. The market offers a unique cost advantage, with average rents declining to $0.96/sq ft a month in 2025, reinforcing its sub-dollar status globally. This affordability, paired with Grade A spaces being 53 per cent of the total supply, has accelerated the growth of global capability centres. As global occupiers seek cost-effective, high-quality, and ESG-compliant workspaces, India's value proposition continues to strengthen its strategic role in corporate real estate portfolios. Office space accounts for 27 per cent of India's real estate market of $648 billion, where 52 per cent is cornered by residential.
News18
04-08-2025
- Business
- News18
India On Track to Become World's Fourth-Largest Office Market As Stock Nears 1 Billion Sqft: Knight Frank
Last Updated: From under 200 million sq ft in 2005 to nearly 1 billion sq ft in 2025, the Indian office market has expanded at a compound annual growth rate (CAGR) of 8.6% over two decades. India's commercial real estate sector is poised to achieve a major milestone, with total office stock set to cross the 1 billion square feet mark by the third quarter of 2025, according to Knight Frank India's latest report titled 'A Billion sq ft and Counting – India Office Supply Growth Story'. The study underscores India's rapid ascent in the global office real estate arena and positions the country as the fourth-largest office market in the world by total stock. From under 200 million sq ft in 2005 to nearly 1 billion sq ft in 2025, the Indian office market has expanded at a compound annual growth rate (CAGR) of 8.6% over two decades. This growth, driven by institutionalisation, a maturing ecosystem of developers and occupiers, and rising investor interest, signals India's transition into a globally significant corporate real estate destination. According to the report, the cumulative office stock across India's top eight cities stood at 993 million sq ft as of June 30, 2025. Bengaluru leads with 229 million sq ft, contributing 23% of the total stock, followed by the National Capital Region (NCR) with 199 million sq ft (20%) and Mumbai Metropolitan Region (MMR) with 169 million sq ft (17%). These three cities alone account for 60% of the country's office space. Other key contributors include Hyderabad (123 mn sq ft), Pune (106 mn sq ft), and Chennai (92 mn sq ft), while Ahmedabad and Kolkata make up the remaining 7%. The total value of India's office stock stands at Rs 16 lakh crore ($187 billion), with MMR having the highest valuation at Rs 4,249 crore ($41 billion), followed closely by Bengaluru and NCR. 'A Reflection of Global Relevance' Commenting on the milestone, Shishir Baijal, chairman and managing director of Knight Frank India, said, 'As we prepare to cross the 1 billion sq ft threshold, it's not just a number, it reflects the growing institutionalisation, maturity, and global relevance of India's office market. This transformation has been powered by an ecosystem of world-class developers, investors, and occupiers who have continually raised the bar." He added that India now offers a compelling value proposition for multinational businesses and institutional capital alike. India's Sub-Dollar Rental Advantage One of the defining features of the Indian office market is its cost competitiveness. The average rent in India's Grade A office space declined to $0.96 per sq ft per month in 2025, reinforcing its unique status as a sub-dollar rental market. This affordability, combined with rising demand for tech-enabled, ESG-compliant workspaces, is fuelling the expansion of global capability centres (GCCs) across Indian cities. Viral Desai, senior executive director at Knight Frank India, said, 'India's sub-dollar rental positioning is a powerful differentiator in the global office landscape. This milestone validates the country's strategic evolution from volume-led expansion to value-driven growth." From Expansion to Evolution The report tracks the evolution of India's office market through seven phases between 1990 and 2025. Once a back-end support hub for global tech companies, India now ranks among the world's most sought-after destinations for capability centres, high-end corporate functions, and innovation hubs. Reforms such as SEZ policies, infrastructure investment, and improved ease of doing business have propelled this growth. Gulam Zia, senior executive director at Knight Frank India, called the development 'a defining moment" for the Indian office sector. 'Crossing the 1 billion sq ft mark highlights India's ascent as one of the fastest-growing, most future-ready office markets globally—a testament to our emergence as a true global office powerhouse," he said. Grade A office space now accounts for 53% of India's total stock, followed by Grade B at 43% and Grade C at 4%. Cities like Bengaluru, Hyderabad, and Chennai lead in Grade A supply due to sustained demand from the IT and GCC sectors. In contrast, older commercial hubs like Mumbai and NCR have a more mixed grade profile. Kolkata stands out with the highest share of Grade C properties at 11%, signalling opportunities for asset upgrading and repositioning. top videos View all Knight Frank projects that India's office stock could double to 2 billion sq ft between 2036 and 2041, depending on the pace of expansion. At a projected 12.7% CAGR, this milestone could be achieved by 2036; even at a more conservative 10.9% CAGR, it could arrive by 2041. These projections are based on expected GDP growth, rising formalisation, and sustained real estate absorption trends. The report concludes that India's office market is not just growing in size but also in sophistication, reflecting an ecosystem that is increasingly aligned with global standards in quality, sustainability, and investor appeal. 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 : real estate view comments Location : New Delhi, India, India First Published: August 04, 2025, 14:46 IST News business » real-estate India On Track to Become World's Fourth-Largest Office Market As Stock Nears 1 Billion Sqft: Knight Frank Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
31-07-2025
- Automotive
- Mint
Cash Ur Drive Marketing IPO Day 1: Issue booked 20% so far; check GMP, issue details, more
Cash Ur Drive Marketing IPO commenced on Thursday, July 31 and will conclude on Monday, August 4. Cash Ur Drive Marketing IPO price band has been set at ₹ 123 to ₹ 130 per equity share, each with a face value of ₹ 10. Investors can place bids for a minimum of 1,000 equity shares and in multiples of 1,000 shares thereafter. The anchor segment will commence on 30th July, 2025, and the issue will conclude on 04th Aug, 2025. Cash Ur Drive Marketing Limited specialises in outdoor advertising, emphasizing vehicle wrap advertising as mobile billboards. The firm delivers a comprehensive marketing approach across transit media, digital wall murals, and events, striving for significant branding through vehicle-based advertising in various Indian cities. As a player in the OOH advertising sector, the company offers a range of solutions, including Transit, Outdoor, Print, and Digital Media Services, assisting clients in reaching their desired audience. The company provides bus branding, auto hood advertisements, billboard campaigns, and outdoor media strategies. Additionally, the company promotes EV vehicles and charging stations to capitalise on growth opportunities in the electric vehicle market. As per the red herring prospectus (RHP), the company's listed peers are DAPS Advertising Ltd (with a P/E of 10.48), and Bright Outdoor Media Ltd (with a P/E of 29.74). Cash Ur Drive Marketing IPO subscription status is 20% on day 1, so far as per The retail portion was subscribed 38%, and NII portion was booked 7%. The company has received bids for 6,29,000 shares against 30,95,000 shares on offer on the first bidding day, at 14:00 IST, according to data on Cash Ur Drive Marketing IPO consists of a fresh issue of 42,10,000 equity shares, aggregating to ₹ 54.73 crore, and the offer-for-sale (OFS) component. includes shares aggregating up to ₹ 2.69 crore. The funds generated from the IPO will be used for technological investments, capital expenditures, supporting working capital needs, and various corporate activities. Narnolia Financial Services Limited serves as the Book Running Lead Manager for the issue, while Bigshare Services Private Limited is acting as the Registrar. 'This IPO marks a significant milestone in our growth journey. The proceeds will enable us to invest in cutting-edge technology, expand our media asset base, and strengthen our operational capabilities across new geographies. More importantly, it empowers us to scale our ESG-compliant advertising model, helping brands engage audiences in ways that are both effective and environmentally responsible,' said Raghu Khanna, Managing Director of CashurDrive Marketing. Cash Ur Drive Marketing IPO GMP today or grey market premium is +21. This indicates Cash Ur Drive Marketing share price were trading at a premium of ₹ 21 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 Cash Ur Drive Marketing share price was indicated at ₹ 151 apiece, which is 16.15% higher than the IPO price of ₹ 130. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
