Latest news with #GMP
Time of India
39 minutes ago
- Business
- Time of India
Travel Food Services IPO to list today; modest GMP seen in grey market
Travel Food Services , a leading player in airport-based quick service restaurants (QSRs) and lounges, is all set to debut on the bourses on Monday following the closure of its Rs 2,000 crore IPO earlier this week. The issue, which was entirely an offer for sale (OFS) by existing promoters and investors, was priced at Rs 1,100 per share. The IPO received a moderate response from investors, closing with 3.03x overall subscription. The QIB (Qualified Institutional Buyer) category saw the strongest demand at 8.10x, while retail participation remained muted at just 0.73x. The NII segment was subscribed 1.67x, reflecting cautious optimism among high-net-worth individuals. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Ahead of listing, the stock is trading at a GMP of around Rs 22, or roughly 2% over the issue price, suggesting a flat-to-mildly positive debut if sentiment holds. Travel Food Services , backed by the UK-based SSP Group, operates 397 QSR outlets and lounges across 14 airports in India and three in Malaysia, including hubs like Mumbai, Delhi, Bengaluru, and Chennai. The company boasts a diverse F&B brand portfolio of 117 partner and in-house brands, catering to the growing demand for food and travel services in high-footfall transit locations. Live Events Financially, the company reported steady earnings growth in FY25, supported by strong EBITDA margins (40%) and ROE of 35.47%. However, the IPO's valuation at a P/E of 48.6x has drawn some concern, especially given its entirely secondary nature, with no fresh capital infusion. While anchor investors committed nearly Rs 599 crore ahead of the issue, the lack of overwhelming retail traction and limited upside in GMP indicate a measured market outlook for the listing. With a first-mover advantage in India's niche airport F&B segment and strong international backing, the company is well-positioned for long-term growth, though near-term listing fireworks appear unlikely. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
an hour ago
- Business
- Business Standard
Gland Pharma shares rise on GMP nod for Telangana manufacturing unit
Shares of Gland Pharma Ltd. rose over 2 per cent in Monday's intraday session after the company received a Good Manufacturing Practices certification from the Danish Medicines Agency for its Pashamylaram facility in Telangana. The pharmaceutical company's stock rose as much as 2.12 per cent during the day to ₹1898.4 per share, the biggest intraday fall since July 1 this year. The stock pared gains to trade 1.27 per cent higher at ₹1,882.7 apiece, compared to a 0.30 per cent decline in Nifty 50 as of 9:40 AM. Shares of the company trade at the highest level since January 7 this year and currently trade at 4 times the average 30-day trading volume, according to Bloomberg. The counter has risen 5.5 per cent this year, compared to a 6 per cent advance in the benchmark Nifty 50. Gland Pharma has a total market capitalisation of ₹30,893.48 crore. Gland Pharma's Pashamylaram facility gets GMP certification The headcare major said that its Pashamylaram facility has received a 'Good Manufacturing Practices' (GMP) compliance certificate from the Danish Medicines Agency, according to an exchange filing. The certification was granted in connection with marketing authorisations that list manufacturers located outside the European Economic Area (EEA), it said. The approval covers aseptically prepared powder for injection, infusion, and inhalation, strengthening the company's regulatory credentials in European markets. Gland Pharma Q4 results Gland Pharma reported a 3 per cent year-on-year (YoY) decline in its consolidated net profit to ₹186.5 crore for the fourth quarter ended March 2025 (Q4FY25), compared to ₹192.4 crore in the same period last year. Revenue from operations fell 7 per cent YoY to ₹1,424.9 crore from ₹1,537.5 crore. The company's Ebitda stood at ₹347.5 crore, marginally down from ₹358.7 crore a year ago. About Gland Pharma Gland Pharma is a small-molecule generic injectables-focused company, with a global footprint across 60 countries, including the United States, Europe, Canada, Australia, India and other markets in the rest of the world. The firm has seven manufacturing facilities in India, comprising four facilities for finished formulations and three API facilities.
BBC News
16 hours ago
- Entertainment
- BBC News
Six people arrested for trying to get into Oasis at Heaton Park
Ticketless fans have been arrested allegedly trying to get into Heaton Park to watch Oasis using "fake accreditation", police have men and a woman were arrested on suspicion of fraud in three separate incidents at the band's show on Saturday, Greater Manchester Police (GMP).Some also tried to force their way through a perimeter fence at Heaton Park but were stopped, the force than 80,000 people watched Oasis make their hotly-anticipated return to Manchester for the first time in 16 years. GMP said 15 people were arrested in total across the two days, including one man on suspicion of assaulting a security guard, and two more men on suspicion of assault. Assistant Chief Constable Matt Boyle said the "iconic events" had been enjoyed "safely and without trouble". "A number of people without tickets attempted to gain entry through a perimeter gate on Saturday night but failed to do so," he added. Transport for Greater Manchester (TfGM) said more than 80,000 journeys were made on trams and shuttle buses as fans headed to the two Wilkinson, TfGM's customer director said : "Even at the busiest times we weren't seeing queues longer than 45 minutes, which is a real credit to our teams, our partners, and our passengers."These were two of the busiest nights in the Bee Network's history." Listen to the best of BBC Radio Manchester on Sounds and follow BBC Manchester on Facebook, X, and Instagram. You can also send story ideas via Whatsapp to 0808 100 2230.
Metro
17 hours ago
- Entertainment
- Metro
Arrests made after thousands of Oasis fans descend on Heaton Park gig
To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Local police have issued a statement after ticketless Oasis fans desperately tried to break into Heaton Park. Tickets to see Liam and Noel Gallagher reunite have been like gold dust, whispered between music fans ever since they went on sale in August last year. Many will remember battling it out in queues all day long, only to be met with dynamically priced seats and sold-out messages. While millions were left disappointed, a determined few took matters into their own hands and decided to risk scaling the fences around the Manchester gig. As Liam, 52, and Noel, 58, performed to the 80,000 concert-goers in their hometown for the first time in 16 years, the security staff had their hands full with overly enthusiastic fans. Six were arrested on the first night, while a further nine were booked on night two after the Greater Manchester Police put a 'section 47' dispersal order in place. Drunk and disorderly behaviour prompted some arrests as GMP said three were suspected of assault, one of which was a serious 'section 18' assault inside the venue. Another suspect was arrested after a member of the security team was attacked, according to Manchester Evening News. However, others were held on suspicion of fraud after scores of fans attempted to bluff their way into the venues. Assistant Chief Constable Matt Boyle said: 'We have been planning for these events for several months, working with partners and the organisers to make sure everyone can enjoy the concerts safely. 'To that end, I'm pleased to say that the first two Oasis homecoming events have been a success.' 'What has been especially pleasing is how more than 100,000 people have enjoyed these iconic events safely and without trouble. We will have a highly visible presence in and around Heaton Park, and across the city, to ensure the next three events continue to pass safely.' Section 47 allows police to remove anyone loitering in the area, in a bid to keep the crowd outside of the park to a minimum. 'A number of people without tickets attempted to gain entry through a perimeter gate on Saturday night but failed to do so,' shared Boyle. 'We continue to support the event organisers and the local authority with their plans preventing any unauthorised access to the arena site. 'While arrests have thankfully been minimal, we have had to take some suspects into custody, including one after an alleged assault on a steward on Saturday night. We will not tolerate any abuse of anyone doing their job. 'On Friday night, we also dealt with a number of breaches of airspace restrictions involving drones, where our officers seized five drones and spoke to two other pilots. More Trending 'We continue to have airspace restrictions in place on the nights of the concerts and anyone found breaching the one-and-a-half-mile restriction zone could face prosecution.' Other fans decided to watch the show from a nearby hill, given that the concert was plenty loud enough for the surrounding area to hear. Dubbed 'Gallagher Hill', the fans didn't feel half the world away as they sang along and watched with a birdseye view of the gig. Oasis will perform five more shows in Manchester before continuing on to London and then the rest of the world. Got a story? If you've got a celebrity story, video or pictures get in touch with the entertainment team by emailing us celebtips@ calling 020 3615 2145 or by visiting our Submit Stuff page – we'd love to hear from you. MORE: Jack Grealish sends message to Manchester City fans at Oasis gig MORE: Liam and Noel Gallagher's kids put on united front in 'pic of the century' MORE: Readers discuss royal value, road rules, seagulls and Spitting Image
Yahoo
2 days ago
- Yahoo
Police arrest wanted man after 'issues caused' in neighbourhood
Police arrested a wanted man "issues were caused" in a Bolton neighbourhood. The man had reportedly been causing issues "all day" yesterday, July 12, around the Over Hulton area, but the police say they were only told in the late afternoon. Officers were called to the shopping precinct on Newbrook Road and spoke to him. After finding he was wanted for an offence, they arrested him. GMP have asked members of the public to report issues "directly to them" to ensure officers can deal with them. Police on scene on Newbrook Road (Image: GMP) Read more: Council investigating after 'historic' villa demolished Read more: Man jailed after police chase through housing estate at 60mph A spokesperson for GMP Bolton said: "Neighbourhood Officers attended reports of a male causing issues at the Over Hulton Precinct. Officers spoke to the male, established he was wanted for an offence and swiftly arrested him. "The male has been causing issues around the area all day but was only reported to police in the late afternoon. "Reporting directly to us is essential to ensure neighbourhood officers can deal with what is important to your community. "Officers also had time to say hello to the community and show the police car to children in the area."
