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Time of India
7 hours ago
- Business
- Time of India
ET Make in India SME Regional Summits: How IDBI Bank is supporting Surat's MSMEs
Live Events Personal cash flow management: Promoters must handle cash flow personally rather than delegating this critical function Avoid fund diversion: Never use short-term working capital for long-term investments Personal wealth planning: Regularly set aside 0.5-1% of profits to build personal reserves as a safety net. The ET Make in India SME Regional Summits reached their fifth destination of 2025 on July 18, arriving in Surat to spotlight one of India's most critical industrial hubs. As the nation's leading platform for hyperlocal micro, small, and medium enterprise ( MSME ) engagement, these summits create vital connections between enterprises, industry enablers, and policy architects. The carefully-curated gatherings deliver precision networking that acknowledges the distinct advantages and challenges facing each regional the theme 'Make in Surat, scale for the world', the edition zeroed in on a city uniquely positioned at the intersection of traditional industrial strength and modern economic transformation. With 90% of the world's diamonds processed here through approximately 4,000 diamond factories and 30 million metres of fabric produced daily, Surat demonstrates unparalleled industrial concentration. The city's remarkable efficiency is rooted in the fact that it accounts for 25% of Gujarat's GDP despite accounting for less than 11% of the state's geographical area. And at the heart of Surat's growth are the thousands of MSMEs that form the backbone of its the unique needs of Surat's diverse MSME landscape, the summit's banking and lending partner IDBI Bank has developed a comprehensive suite of specialised services designed to address everything from cash flow management to foreign exchange risks. Speaking at the ET SME Summit - Surat, IDBI Bank Executive Director Nagaraj Garla outlined how the institution is supporting local entrepreneurs with tailored MSMEs, effective cash flow management determines the difference between success and failure. IDBI Bank has introduced a technology-enabled product that leverages Account Aggregator (AA) and digital end-to-end money lending infrastructure, enabling loan decisions within 10-15 minutes. Such rapid-fire lending addresses one of the most pressing concerns for small businesses operating in seasonal industries:"Cash flow management is absolutely critical," explained Mr. Garla. "If you were to identify one factor that distinguishes successful MSMEs from the rest, it's the effective management of cash flow."The bank also offers products to help MSMEs manage both receivables and payments, including participation in the TReDS and GeM Sahay platforms. Both allow businesses to quickly access funds against invoices, providing immediate liquidity when needed diamond industry faces unique challenges, particularly in managing foreign exchange risks and global payment uncertainties. IDBI Bank has positioned specialised treasury teams in Surat, Ahmedabad, and Mumbai to provide expert guidance on forex products, including forward contracts, options, and currency export-focused solutions include packing credit for pre-shipment funding, post-shipment credit in both INR and foreign currency, and ECGC-backed products. With new Free Trade Agreements being signed, particularly in textiles, the bank emphasises the importance of professional forex risk management for aspiring global banking usually requires substantial collateral, creating barriers for first-generation entrepreneurs and asset-light businesses. At the ET Make in India SME Regional Summit - Surat, Mr. Garla explained that IDBI has adapted to changing times, leveraging government schemes like CGTMSE coverage (extending up to ₹10 crore for most businesses and ₹20 crore for exporters and startups) and the new Individual Guarantee Scheme for capital expenditure up to ₹100 crore."While collateral remains important, its role has significantly reduced," he noted, acknowledging that viable businesses can now access funding without traditional security in the evening, IDBI Bank General Managers CS Arya and Sherine Mendez demonstrated how the institution has transformed its traditional industrial development expertise into a comprehensive MSME-focused banking ecosystem. This philosophy extends to traders, vendors, dealers, and entrepreneurs, ensuring that regardless of scale or profession, every enterprise finds appropriate financial presentation at the ET SME Summit Surat focused on the following:1) Innovation-driven working capital solutionsIDBI Bank has two products that eliminate traditional banking friction. MSME Express offers instant loan sanctions up to ₹25 lakh without requiring branch visits or prior banking relationships, while the PSU Supplier Loan provides collateral-free financing ranging from ₹40,000-₹10 lakh, with instant disbursal upon purchase order verification. These products reflect the bank's commitment to leveraging technology for seamless financial access, supported by robust trade finance capabilities that process approximately 200,000 invoices monthly across various platforms, maintaining a 5% market share in supply chain finance.2) Sector-specific expertise and global reachIDBI's sectoral specialisation spans services, manufacturing, construction equipment, healthcare, and food processing, offering both traditional products like working capital and letters of credit alongside innovative solutions such as trade credit and port international capabilities are equally impressive, providing export finance solutions in over 100 currencies, forex risk management, and collateral-free loans up to ₹10 crore under CGTMSE. This is reinforced by dedicated infrastructure, including specialist MSME branches, trained relationship managers, and centralised processing from over three decades of experience, Mr. Garla wrapped up his fireside chat by sharing three critical success principles for MSME entrepreneurs:As Surat continues to evolve as an MSME powerhouse, IDBI Bank demonstrated how financial institutions can adapt their services to meet the unique needs of regional industrial clusters. The ET Make in India SME Regional Summit - Surat was the perfect platform to showcase a broader strategy of understanding local business ecosystems and developing solutions that address specific industry challenges, from the diamond merchant managing currency fluctuations to the textile exporter seeking working capital during peak seasons. The ET Make in India SME Regional Summits , ET MSME Day, and ET MSME Awards are flagship initiatives to celebrate the versatility and success of India's MSME sector. If you lead or are part of a micro, small, or medium enterprise, register for the ET MSME Awards 2025 before August 31, 2025.
Mint
2 days ago
- Business
- Mint
NSDL IPO Explained: From business model, key risks to financials— 10 key things to know from RHP
NSDL IPO Explained: The initial public offering (IPO) of National Securities Depository Ltd. (NSDL) is set to open on Wednesday, July 30, and will remain open until Friday, August 1. The bookbuilding issue is entirely an offer for sale of 5,01,45,001 shares, with a price band set at ₹ 760 to ₹ 800 per share. Since it is an OFS, the company will not raise any fresh capital, and the entire proceeds from the issue will go to the existing shareholders selling their stakes. Share allotment is expected to be finalised on Monday, August 4, and the NSDL stock may be listed on the BSE on Wednesday, August 6. Let's take a look at 10 key things to know from the Red Herring Prospectus (RHP) of the National Securities Depository IPO: According to the RHP, IDBI Bank, NSE, Union Bank of India, SBI, HDFC Bank, and Administrator of SUUTI (Specified Undertaking of the Unit Trust of India) are the selling shareholders of the NSDL IPO. IDBI Bank is offloading 22,220,000 shares of NSDL, while NSE has offered 18,000,001 equity shares. SBI is selling 40,00,000 shares, HDFC Bank is selling 20,10,000 shares, Administrator of SUUTI is selling 34,15,000 shares, and Union Bank of India has offered 5,00,000 shares of NSDL in the issue. ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), IDBI Capital Markets & Securities, Motilal Oswal Investment Advisors, and SBI Capital Markets are the book-running lead managers of the NSDL IPO. MUFG Intime India is the registrar for the offer. (This is a developing story. Please check back for fresh updates.) Read all IPO-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Economic Times
2 days ago
- Business
- Economic Times
NSDL IPO: What GMP signals ahead of launch and what it means for investors
The upcoming Initial Public Offering (IPO) of National Securities Depository Limited (NSDL), one of the most awaited IPOs, is trading with a grey market premium (GMP) in the range of Rs 135 to Rs 140 per share. At the upper end of the IPO price band of Rs 800, this translates to a premium of 16.88%, reflecting bullish investor sentiment and expectations of a robust listing performance. ADVERTISEMENT GMPs, though unofficial and based on grey market trading, are often seen as a barometer of investor enthusiasm ahead of a public listing. A premium of this magnitude suggests that NSDL's IPO could deliver healthy listing gains, especially given the company's critical role in India's financial infrastructure and its prominent institutional backing. The NSDL IPO opens for public subscription on July 30, 2025, and closes on August 1, 2025, with anchor bidding scheduled for July 29. The company aims to raise Rs 4,011.6 crore through this offer, priced between Rs 760 and Rs 800 per share. Retail investors can bid in a lot size of 18 shares, requiring a minimum investment of Rs 14,400. Backed by marquee stakeholders such as SBI, IDBI Bank, NSE, HDFC Bank, Union Bank of India, and SUUTI, NSDL's IPO will see these institutions offload part of their holdings. ADVERTISEMENT Notably, SBI is offloading 40 lakh shares bought at Rs 2 each, potentially netting Rs 320 crore, while IDBI Bank stands to realize Rs 1,776 crore from its 2.22 crore shares, also bought at Rs 2. SUUTI, which had invested just Rs 68.3 lakh in its 34.15 lakh shares, is expected to generate Rs 273.2 crore from the HDFC Bank, which acquired its stake at a higher price of Rs 108.29 per share, will see a significant return of around 638%. ADVERTISEMENT Also read: Kotak Mahindra Bank shares plunge over 6% after muted Q1 show. Should you sell now? The allotment of shares is slated for August 4, and listing is scheduled for August 6, 2025. The IPO is being managed by a consortium of top financial institutions, including ICICI Securities, Axis Capital, HSBC Securities, IDBI Capital, Motilal Oswal Investment Advisors, and SBI Capital Markets. ADVERTISEMENT As India's first and one of its largest depositories, NSDL's IPO marks a key moment for the country's capital market ecosystem. With strong institutional backing, a solid GMP, and a clear growth narrative, all eyes will be on how the stock performs on debut. (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)
News18
2 days ago
- Business
- News18
NSDL IPO GMP: Grey Market Premium Slips Ahead of July 30 Launch, Check Price Band & More
Last Updated: NSDL IPO GMP: NSDL's IPO opens on July 30 for a three-day subscription, aiming to raise Rs 4011.60 crore via an offer-for-sale. NSDL IPO GMP Today: The National Securities Depository Ltd (NSDL) is all set to open on Wednesday, July 30, for a three-day subscription window. The mainboard issue of Rs 4011.16 crore is purely offer-on-sale (OFS). The company has fixed a price band in the range of Rs 760 to Rs 800 per share. NSDL will be India's second publicly traded depository after Central Depository Services (CDSL), which was listed on the NSE in 2017. NSDL IPO Allotment And Listing Date The IPO will remain open for public subscription between July 30 and August 1. Its basis of allotment will be finalised on August 4, while its listing is scheduled to take place on August 6, 2025. NSDL IPO Price & Lot Size The price band of the mainboard IPO, which plans to raise Rs 4,011.60 crore, has been fixed in the range of Rs 760 to Rs 800 apiece. For investors, the minimum lot size for the IPO is 18. It means investors will have to apply for a minimum of 18 shares or in multiple thereof. So, retail investors require a minimum capital of Rs 13,680 to apply for the IPO. According to market observers, unlisted shares of NSDL are currently trading at Rs 935 against the upper IPO price of Rs 800. It means a grey market premium or GMP of Rs 135, which is 16.88% over its issue price, indicating a mild listing. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. NSDL IPO Quota NSDL said half of the IPO has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional. NSDL IPO: More Info The IPO only consists of an offer for sale (OFS) component of 5.01 crore shares and those selling shares under this are — the National Stock Exchange of India (NSE), State Bank of India (SBI), HDFC Bank, IDBI Bank, Union Bank of India and the Adminstrator of Specified Undertaking of the Unit Trust of India (SUUTI). Since the public issue is entirely an OFS, NSDL will not receive any proceeds from the IPO. The listing of NSDL is crucial in order to comply with Sebi's ownership norms. These regulations require that no entity can hold more than 15 per cent of the shareholding in a depository company. NSDL's principal shareholders, IDBI Bank and the NSE, are required to reduce their stake in the company to comply with Sebi's rule. Currently, IDBI holds 26.10 per cent and NSE owns 24 per cent stake in NSDL, which exceeds the permissible limit. It is a Sebi-registered market infrastructure institution offering a wide range of products and services to the financial and securities markets in India. Following the introduction of the Depositories Act in 1996, NSDL pioneered the dematerialisation of securities in India in November 1996. For the full financial year 2024-25, the depository's net profit surged by 24.57 per cent to Rs 343 crore and total income rose to Rs 1,535 crore, a 12.41 per cent increase over FY 2023-24. view comments First Published: July 28, 2025, 10:19 IST News business » ipo NSDL IPO GMP: Grey Market Premium Slips Ahead of July 30 Launch, Check Price Band & More 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
2 days ago
- Business
- Mint
NSDL IPO opens next week: GMP, price, date, other details in 10 points
The most awaited National Securities Depository Ltd. (NSDL) initial public offering (IPO) is all set to hit the primary market next week. The NSDL IPO will open for subscription on July 30 and close on August 1. NSDL IPO is a book-building of ₹ 4,011.60 crores. The issue is entirely an offer for sale of 5.01 crore shares. The NSDL IPO has allocated up to 50 per cent of the shares for Qualified Institutional Buyers (QIBs), at least 15 per cent for Non-Institutional Investors (NIIs), and a minimum of 35 per cent for retail investors. Additionally, up to 85,000 equity shares are set aside for eligible employees, who will also receive a discount of ₹ 76 per share under the employee reservation segment. This IPO is entirely an offer for sale, involving up to 5.01 crore equity shares being sold by existing shareholders. IDBI Bank plans to divest up to 2.22 crore shares, the National Stock Exchange (NSE) aims to sell up to 1.80 crore shares, while the State Bank of India (SBI) will offer up to 40 lakh shares. HDFC Bank and Union Bank of India intend to sell up to 20 lakh and 5 lakh shares, respectively. NSDL IPO date: The IPO will open for subscription on July 30 and close on August 1. NSDL IPO price band: NSDL IPO price band is set at ₹ 760 to ₹ 800 per share, with a face value of ₹ 2 per share. NSDL IPO size: The IPO is a book-building of ₹ 4,011.60 crore and is entirely an offer for sale of 5.01 crore shares. NSDL IPO lot size: The minimum amount of investment required by an retail is ₹ 13,680 (18 shares). NSDL IPO reservation: 50 per cent reserved for QIB, 35 per cent reserved for retail and 15 per cent for NIIs. NSDL IPO allotment date: The allotment for the NSDL IPO is expected to be finalized on Monday, August 4. NSDL IPO listing date: The IPO will be list on BSE with a tentative listing date fixed as Wednesday, August 6. NSDL IPO lead manager: ICICI Securities Limited is the book-running lead manager. NSDL IPO registrar: MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. NSDL IPO GMP: The shares of NSDL IPO is trading at ₹ 145 in the grey market. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
