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News18
12-08-2025
- Business
- News18
Medistep Healthcare SME IPO subscribed 356.34 times
Agency: PTI Last Updated: New Delhi, Aug 12 (PTI) The initial public offer of Medistep Healthcare, a manufacturer of sanitary pads and energy powders, garnered 356.34 times subscription on the final day of bidding on Tuesday. The Rs 16.10 crore initial public offer (IPO) received bids for 1,33,41,54,000 shares against 37,44,000 shares on offer, translating into 356.14 times subscription, as per the NSE data. The category for individual investors received 219.13 times subscription, non-institutional investors quota subscribed 130.63 times and qualified institutional buyers part fetched 6.59 times subscription, as per the data. The shares of the company will be listed on NSE's Emerge with a tentative listing date fixed on August 18. The company has fixed its IPO price at Rs 43 apiece. The IPO is entirely a fresh issue of equity shares of up to 37.44 lakh shares. Proceeds from the IPO will be utilised to fund capital expenditure towards the purchase of plant and machinery for expansion at the company's existing manufacturing facility, to meet working capital requirements and for general corporate purposes. Founded in June 2023, Medistep is engaged in the manufacturing of sanitary pads and energy powders, and in the trading of pharmaceutical, nutraceutical, surgical, and intimate care products. The company reported revenue from operations of Rs 49.7 crore and profit after tax of Rs 4.14 crore in FY25. Fast Track Finsec is the sole book-running lead manager, while Cameo Corporate Services is the registrar for the issue. PTI HG HG BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: 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.
News18
04-08-2025
- Business
- News18
ABB Indias stock falls over 5 pc
Agency: PTI Last Updated: New Delhi, Aug 4 (PTI) Shares of ABB India declined by more than 5 per cent on Monday after the automation major posted a 20 per cent fall in net profit to Rs 352 crore in the June quarter. On the BSE, the scrip of the company depreciated 5.51 per cent to close at Rs 5,100 apiece. The stock of ABB India dived 5.34 per cent to end at Rs 5,100 per piece on the NSE. In volume terms, 19.57 lakh equity shares were traded on the NSE while 96,569 shares changed hands on the BSE during the day. The market closed in positive territory. The 30-share Sensex gained 418.81 points or 0.52 per cent to settle at 81,018.72, while the NSE Nifty jumped by 157.40 points or 0.64 per cent to close at 24,722.75. On Saturday, ABB India said it posted a 20 per cent fall in net profit to Rs 352 crore during the June quarter compared to the year-ago period, primarily due to the impact of forex volatility and higher expenses. The company had reported a profit after tax of Rs 443 crore in the same quarter of 2024, a company statement said. The company follows a January-December financial year. According to the statement, the company achieved a revenue of Rs 3,175 crore for the second quarter, higher than Rs 2,831 crore in the same period a year ago. The company's total expenditure jumped to Rs 2,801.1 crore in Q2 CY2025 from Rs 2,323.9 crore a year ago. However, the company's cash position continues to remain robust at Rs 5,154 crore at the end of Q2 2025. PTI HG HG BAL BAL view comments First Published: 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.
News18
24-07-2025
- Business
- News18
MOFSL Q1 profit jumps 40 pc to record Rs 1,430 cr on robust AMC growth
New Delhi, Jul 24 (PTI) Motilal Oswal Financial Services on Thursday reported its highest-ever quarterly net profit of Rs 1,430 crore for the June quarter, marking a 40 per cent year-on-year jump, buoyed by robust performance across asset management, private wealth and capital markets businesses. Its consolidated net operating revenue rose 24 per cent to Rs 1,412 crore in the first quarter of the current fiscal, the company said in a statement. The operating profit after tax stood at Rs 522 crore, up 21 per cent, reflecting strong momentum in Motilal Oswal Financial Services Ltd's (MOFSL) twin-engine growth model, comprising core operations and treasury investments, it added. The firm's asset and private wealth management vertical delivered a 43 per cent growth in profit to Rs 224 crore, while revenue from this division climbed 46 per cent to Rs 560 crore, the company said. Mutual fund AUM surged 90 per cent year-on-year to nearly Rs 1.17 lakh crore, with SIP flows also strengthening. The group's total client base crossed 1.36 crore, with assets under advice surpassing Rs 6.5 lakh crore. Its net worth rose 28 per cent to Rs 12,537 crore and return on equity stood at 48 per cent for the quarter, it added. 'Q1 FY26 has been a landmark quarter for us, delivering the highest-ever PAT of Rs 1,430 crore, with exceptional performance across all our businesses. 'These results reflect the depth of the group's expertise across capital markets (retail to institutional) and the enormous opportunity arising from India's accelerating financialisation of savings," MOFSL's MD and CEO Motilal Oswal said. PTI HG HG BAL BAL view comments First Published: July 24, 2025, 15:45 IST 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.
News18
20-07-2025
- Business
- News18
Sebi resolves nearly 4,500 complaints via SCORES portal in Jun
Agency: PTI Last Updated: New Delhi, Jul 20 (PTI) Capital markets regulator Sebi has disposed of 4,415 complaints in June through its online grievance redressal platform SCORES. The regulator received 4,959 fresh complaints in the month, and a total of 5,107 grievances remained unresolved at the end of June, slightly higher than the 4,563 charges that were pending as of May 31, the Securities and Exchange Board of India (Sebi) said in a public notice on Friday. The regulator also highlighted that the average resolution time taken by the entities to submit the Action Taken Reports (ATRs) in June was eight days, while the average time taken for complaints under First Level Review was four days. SCORES, or Sebi Complaint Redressal System, is an online platform which facilitates investors in lodging and tracking complaints against listed companies and registered intermediaries. Under the SCORES 2.0 mechanism, complaints are automatically forwarded to the respective entities, which are required to respond within 21 days. If an investor is not satisfied, they have 15 days to seek a First Level Review. A similar review opportunity is available at the Second Level with the designated body and subsequently with Sebi, each within a 15-day window. Complaints are also treated as resolved if the investor chooses the Online Dispute Resolution (ODR) mechanism. In a separate public notice on Friday, Sebi said MCS Share Transfer Agent Ltd and Smartowner Capital Growth Trust were the entities whose investor complaints had remained unresolved for more than three months on its SCORES platform as of June 30. PTI HG BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 20, 2025, 18:30 IST 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.
