Latest news with #ICICISecuritiesLimited
Mint
30-07-2025
- Business
- Mint
Indiqube Spaces shares make weak debut, list at ₹216 on NSE, down 8.86% from issue price
Indiqube Spaces IPO listing: Shares of Indiqube Spaces made a weak debut on the bourses on Wednesday, July 30, listing at ₹ 216 on NSE, a discount of 8.86 percent to its issue price of ₹ 237. Meanwhile, on BSE, it listed at ₹ 218.70, down 7.7 percent from the issue price. The ₹ 700-crore initial public offering (IPO), with a total issue size, was open for bidding from July 23 to July 25. The issue witnessed a robust response from investors, closing with a subscription of 13 times during the three-day bidding process. The IPO attracted bids for 21.16 crore shares compared to the 1.62 crore shares on offer. The retail investor category was subscribed 13.28 times, while the non-institutional investor (NII) segment witnessed 8.68 times subscription. Meanwhile, the qualified institutional buyer (QIB) portion was bid the most, 15.12 times. The issue was a combination of a fresh issue of 2.74 crore shares, aggregating to ₹ 650 crore, and an offer for sale of 0.21 crore shares, aggregating to ₹ 50 crore. The lot size for the IPO was fixed at 63 shares, making the minimum investment for retail investors ₹ 14,175. The proceeds from the fresh issue are intended to support the company's future expansion plans. This includes strengthening its operational footprint, meeting ongoing working capital needs, and fulfilling general corporate requirements. Ahead of the public offering, the company successfully raised ₹ 314.32 crore from anchor investors on July 22. The IPO followed the standard allocation pattern, with 75 percent of the issue reserved for Qualified Institutional Buyers (QIBs), 15 percent for Non-Institutional Investors (NIIs), and the remaining 10 percent allocated to Retail Individual Investors (RIIs). The issue also included a reservation of up to 69,767 shares for employees offered at a discount of ₹ 22.00 to the issue price. ICICI Securities Limited is the book-running lead manager of the Indiqube Spaces IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. Incorporated in 2015, Indiqube Spaces Limited focuses on delivering managed, sustainable, and technology-enabled workplace solutions, with the goal of redefining conventional office environments for today's businesses. The company provides a range of workspace offerings such as corporate hubs and branch offices, designed to elevate employee experience through curated interiors, modern amenities, and tailored services. Its business model integrates asset renovation, customised workspace solutions, and a mix of B2B and B2C value-added services. It offers clients fully equipped plug-and-play offices, ensuring a seamless and comprehensive office infrastructure for both businesses and their employees.
Mint
30-07-2025
- Business
- Mint
Indiqube Spaces shares make weak debut, lists at ₹216 on NSE, down 8.86% from issue price
Indiqube Spaces IPO listing: Shares of Indiqube Spaces made a weak debut on the bourses on Wednesday, July 30, listing at ₹ 216 on NSE, a discount of 8.86 percent over its IPO price of ₹ 237. Meanwhile, on BSE, it listed at ₹ 218.70, down 7.7 percent from issue price. The ₹ 700 crore initial public offering (IPO), with a total issue size was open for bidding from July 23 to July 25. The issue witnessed a robust response from investors, closing with a subscription of 13 times in the 3 days of bidding. The IPO attracted bids for 21.16 crore shares compared to the 1.62 crore shares on offer. The retail investor category was subscribed 13.28 times while the non-institutional investor (NII) segment witnessed 8.68 times subscription. Meanwhile, the qualified institutional buyer (QIB) portion was bid the most, 15.12 times. The issue is a combination of fresh issue of 2.74 crore shares aggregating to ₹ 650 crore and offer for sale of 0.21 crore shares aggregating to ₹ 50 crore. The lot size for the IPO was fixed at 63 shares making the minimum investment for retail investors ₹ 14,175. The proceeds from the fresh issue are intended to support the company's future expansion plans. This includes strengthening its operational footprint, meeting ongoing working capital needs, and fulfilling general corporate requirements. Ahead of the public offering, the company successfully raised ₹ 314.32 crore from anchor investors on July 22. The IPO followed the standard allocation pattern, with 75 percent of the issue reserved for Qualified Institutional Buyers (QIBs), 15 percent for Non-Institutional Investors (NIIs), and the remaining 10 percent allocated to Retail Individual Investors (RIIs). The issue also included a reservation of up to 69,767 shares for employees offered at a discount of ₹ 22.00 to the issue price. ICICI Securities Limited is the book-running lead manager of the Indiqube Spaces IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. Incorporated in 2015, Indiqube Spaces Limited focuses on delivering managed, sustainable, and technology-enabled workplace solutions, with the goal of redefining conventional office environments for today's businesses. The company provides a range of workspace offerings such as corporate hubs and branch offices, designed to elevate employee experience through curated interiors, modern amenities, and tailored services. Its business model integrates asset renovation, customized workspace solutions, and a mix of B2B and B2C value-added services. It offers clients fully equipped plug-and-play offices, ensuring a seamless and comprehensive office infrastructure for both businesses and their employees. 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.
Indian Express
22-06-2025
- Business
- Indian Express
Two booked for duping MD of firm of Rs 4 cr in share market investment fraud
Two persons from Andhra Pradesh were booked for allegedly duping the managing director (MD) of a company to the tune of around Rs 4 crore after promising him lucrative returns on investing in the share market. An FIR in the matter was registered on Saturday at Bavdhan police station in Pimpri Chinchwad based on a complaint filed by a 33-year-old Baner resident. The accused were booked under Bharatiya Nyaya Sanhita (BNS) sections 316(2), 316(5), 318(4), 336(2), 336(3), 338, 339, 3(5), stated a press release issued Sunday. As per the press release, the accused persons and their associates allegedly lured the complainant into investing money in the share market in January 2023. Police said the accused allegedly forwarded a 'fake contract note' in the name of ICICI Securities Limited to the complainant through bogus email addresses. Then they allegedly took money from the complainant as 'margin money' and pretended to have sold him shares of Tata Motors Limited Company, the press release stated. As per the FIR, between January 2023 and July 2024, the accused persons took a total of Rs 4.97 crore from the complainant through multiple bank transactions. The FIR also mentions that the accused initially returned Rs 99,28,337 to the complainant, but later no payments were made as assured to him. Police said the accused allegedly cheated the complainant of Rs 3.98 crore and used the money for their personal gains. The investigation in the case has been handed over to the Economic Offences Wing (EOW) of the Pimpri Chinchwad police. Police said no arrest has been made yet in this case and further investigation is on.
Mint
20-06-2025
- Business
- Mint
Kalpataru IPO to open on Tuesday: 10 key things to know from RHP before you subscribe to ₹1590 crore issue
Kalpataru IPO in focus today: Kalpataru's initial public offering (IPO) is scheduled to kick off for subscription on Tuesday, June 24, and will remain open until Thursday, June 26. The company aims to raise ₹ 1,590 crore through the offering, which is entirely a fresh issue of 3.84 crore shares. The IPO price band is set at ₹ 387 to ₹ 414 per share. Of the total offering, 75% is reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Investors. ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt. Ltd. are the book-running lead managers of the Kalpataru IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. Kalpataru Limited is a Mumbai-based real estate developer with over three decades of presence in the residential and commercial property segments. It has developed numerous projects across Maharashtra, particularly in the Mumbai Metropolitan Region (MMR) and Pune. As of March 31, 2024, the company had 511.62 acres of land in various stages of development, amounting to 49.77 msf of developable area. Its ongoing projects, forthcoming projects, and planned projects amounted to 267.24 acres, 121.32 acres, and 123.06 acres, respectively, with a corresponding developable area of 22.02 msf, 19.93 msf, and 7.81 msf, respectively. The company also intends to complete and sell these projects within their respective timetables in order to monetize these land parcels. As of March 31, 2024, Kalpataru had five land reserves aggregating to 1,886.10 acres. Its land reserves were located in Surat, Gujarat; Pune, Maharashtra; Nagpur, Maharashtra; Udaipur, Rajasthan; and Shirol, Maharashtra. Kalpataru Limited operates in some of India's most competitive real estate markets, particularly the Mumbai Metropolitan Region (MMR) and Pune, which remain its primary focus areas. According to the Anarock Report, Kalpataru's key competitors in the areas where it currently operates include prominent real estate developers such as Lodha Group, Godrej Properties Limited, Rustomjee Group, Oberoi Realty, Mahindra Lifespace Developers, Prestige Estates, and Sunteck Realty. The company focuses on the development of luxury, premium, and mid-income residential, commercial, and retail projects; integrated townships; lifestyle gated communities; and redevelopments. For its residential developments, it builds and sells a wide range of properties, including villas, duplexes, apartments, and plots of varying sizes, with a primary focus on luxury, premium, and mid-income residential real estate. As of March 31, 2024, 67.71% of the developable area of the residential projects within its development portfolio was located within the MMR, aggregating to 33.69 msf of developable area. One of the key risks highlighted in the RHP is Kalpataru's geographic concentration, especially in the Mumbai Metropolitan Region (MMR) and Pune. Any adverse developments such as regulatory delays, policy changes, or demand slowdowns in these areas could significantly affect the company's performance. Moreover, the real estate sector is highly sensitive to interest rate movements, customer sentiment, and funding availability. In FY24, the company reported revenue of ₹ 1,930 crore and an adjusted EBITDA of ₹ 449 crore but posted a net loss of ₹ 113.8 crore. FY23 revenue was higher at ₹ 3,633 crore due to one-time land sales and subsidiary contributions, though the company still incurred a ₹ 226.7 crore loss. Kalpataru aims to raise ₹ 1,590 crore through a fresh issue of equity shares in its IPO. The proceeds will be used to repay or prepay loans, acquire land and development rights, meet general corporate needs, and support its subsidiaries' growth. Retail investors can apply for a minimum of 36 shares in one lot and can apply for up to 13 lots. At the upper end of the IPO price band ( ₹ 414), retail investors are required to make a minimum investment of ₹ 14,904 per lot. The allotment of shares for the Kalpataru IPO is expected to be finalised on Friday, June 27, 2025. Tentative listing on both the BSE and NSE is scheduled for Tuesday, July 01, 2025.
Mint
20-06-2025
- Business
- Mint
Kalpataru IPO to open on Tuesday: 10 key things to know from RHP before you subscribe to ₹1590 crore issue
Kalpataru IPO in focus today: Kalpataru's initial public offering (IPO) is scheduled to kick off for subscription on Tuesday, June 24, and will remain open until Thursday, June 26. The company aims to raise ₹ 1,590 crore through the offering, which is entirely a fresh issue of 3.84 crore shares. The IPO price band is set at ₹ 387 to ₹ 414 per share. Of the total offering, 75% is reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Investors. ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt. Ltd. are the book-running lead managers of the Kalpataru IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. Kalpataru Limited is a Mumbai-based real estate developer with over three decades of presence in the residential and commercial property segments. It has developed numerous projects across Maharashtra, particularly in the Mumbai Metropolitan Region (MMR) and Pune. As of March 31, 2024, the company had 511.62 acres of land in various stages of development, amounting to 49.77 msf of developable area. Its ongoing projects, forthcoming projects, and planned projects amounted to 267.24 acres, 121.32 acres, and 123.06 acres, respectively, with a corresponding developable area of 22.02 msf, 19.93 msf, and 7.81 msf, respectively. The company also intends to complete and sell these projects within their respective timetables in order to monetize these land parcels. As of March 31, 2024, Kalpataru had five land reserves aggregating to 1,886.10 acres. Its land reserves were located in Surat, Gujarat; Pune, Maharashtra; Nagpur, Maharashtra; Udaipur, Rajasthan; and Shirol, Maharashtra. Kalpataru Limited operates in some of India's most competitive real estate markets, particularly the Mumbai Metropolitan Region (MMR) and Pune, which remain its primary focus areas. According to the Anarock Report, Kalpataru's key competitors in the areas where it currently operates include prominent real estate developers such as Lodha Group, Godrej Properties Limited, Rustomjee Group, Oberoi Realty, Mahindra Lifespace Developers, Prestige Estates, and Sunteck Realty. The company focuses on the development of luxury, premium, and mid-income residential, commercial, and retail projects; integrated townships; lifestyle gated communities; and redevelopments. For its residential developments, it builds and sells a wide range of properties, including villas, duplexes, apartments, and plots of varying sizes, with a primary focus on luxury, premium, and mid-income residential real estate. As of March 31, 2024, 67.71% of the developable area of the residential projects within its development portfolio was located within the MMR, aggregating to 33.69 msf of developable area. One of the key risks highlighted in the RHP is Kalpataru's geographic concentration, especially in the Mumbai Metropolitan Region (MMR) and Pune. Any adverse developments such as regulatory delays, policy changes, or demand slowdowns in these areas could significantly affect the company's performance. Moreover, the real estate sector is highly sensitive to interest rate movements, customer sentiment, and funding availability. In FY24, the company reported revenue of ₹ 1,930 crore and an adjusted EBITDA of ₹ 449 crore but posted a net loss of ₹ 113.8 crore. FY23 revenue was higher at ₹ 3,633 crore due to one-time land sales and subsidiary contributions, though the company still incurred a ₹ 226.7 crore loss. Kalpataru aims to raise ₹ 1,590 crore through a fresh issue of equity shares in its IPO. The proceeds will be used to repay or prepay loans, acquire land and development rights, meet general corporate needs, and support its subsidiaries' growth. Retail investors can apply for a minimum of 36 shares in one lot and can apply for up to 13 lots. At the upper end of the IPO price band ( ₹ 414), retail investors are required to make a minimum investment of ₹ 14,904 per lot. The allotment of shares for the Kalpataru IPO is expected to be finalised on Friday, June 27, 2025. Tentative listing on both the BSE and NSE is scheduled for Tuesday, July 01, 2025. 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 making any investment decisions.
