Latest news with #InitialPublicOffer
Time of India
16-07-2025
- Business
- Time of India
Kalpataru records 79% growth in Q4 pre-sales, FY25 at Rs 4,531 cr
Realty developer Kalpataru Ltd has recorded a 79% year-on-year increase in pre-sales to Rs 1,724 crore for the fourth quarter of 2024-25. For the full financial year, the performance stood at Rs 4,531 crore, up 41% from the previous year. The listed company sold 1.14 million sq ft during the quarter ended March, compared with 0.88 million sq ft in the same quarter last year, marking a 30% growth. Average sale realisation for the quarter stood at Rs 15,127 per sq ft, against Rs 10,935 per sq ft a year ago. Explore courses from Top Institutes in Select a Course Category MCA Healthcare Digital Marketing Design Thinking Project Management Management others Data Science Finance Data Analytics healthcare Cybersecurity MBA CXO Data Science Technology Artificial Intelligence Leadership PGDM Public Policy Others Operations Management Product Management Degree Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details For 2024-25, total area sold was 3.26 million sq ft, up 15% year-on-year. Average sale realisation for the year was Rs 13,905 per sq ft, compared with Rs 11,332 per sq ft in 2023-24. 'As we look ahead, our commitment remains firm, to strengthen our presence across the key micro-markets within the Mumbai Metropolitan Region (MMR) and Pune region and to build on our goodwill. With a healthy portfolio of 35 ongoing and forthcoming projects spread over 47 million sq ft, Kalpataru is well-positioned to sustain this upward momentum,' said Parag Munot, MD, Kalpataru Ltd. Revenue from operations in 2024-25 stood at Rs 2,222 crore. Adjusted operating profit was Rs 664 crore with a margin of 29.9%. Profit after tax for the year stood at Rs 25 crore, against a loss of Rs 108 crore in FY24. In the March quarter, revenue from operations was Rs 597 crore, adjusted operating profit was Rs 182 crore with a margin of 30.5%, and profit after tax was Rs 20 crore. The Mumbai-based developer launched seven projects in FY25, adding around 6.5 million sq ft of saleable area. Kalpataru raised Rs 1,590 crore through the recently concluded Initial Public Offer ( IPO ) in June, of which Rs 1,192.5 crore has been used for debt repayment.
Time of India
20-06-2025
- Business
- Time of India
Arisinfra Solutions' IPO subscribed 1.32 times on Day 2 of offer
NEW DELHI: The initial share sale of Arisinfra Solutions Ltd got subscribed 1.32 times on the second day of bidding on Thursday. The Initial Public Offer (IPO) received bids for 1,73,03,085 shares against 1,30,84,656 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got subscribed 3 times while the portion for non-institutional investors fetched 1.39 times subscription. The quota for Qualified Institutional Buyers (QIBs) received 73 per cent subscription. ArisInfra Solutions Ltd on Tuesday said it has garnered Rs 225 crore from anchor investors. The nearly Rs 500-crore IPO will conclude on Friday. The price band for the offer has been fixed at Rs 210 to Rs 222 per share. The IPO is a completely fresh issue of equity shares worth Rs 499.6 crore with no offer for sale (OFS) component. At the upper end of the price band, the company is valued at nearly Rs 1,800 crore. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in the subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from existing shareholders of its subsidiary, ArisUnitern Re Solutions Pvt Ltd, repayment of loan and for general corporate purposes. Arisinfra Solutions is a B2B technology-enabled company, focusing on simplifying and digitising the procurement process for construction materials. JM Financial , IIFL Capital Services and Nuvama Wealth Management are the book-running lead managers to the issue.
Mint
19-06-2025
- Business
- Mint
HDB Financial Services IPO to open next week; grey market signals over ₹100 premium
The HDB Financial IPO is set to commence on June 25 and will end on June 27. HDB Financial IPO price band of the non-banking lending division of HDFC Bank Ltd will be revealed tomorrow, Friday, June 20. The anchor investor bidding will take place on Tuesday, June 24. HDFC Bank announced in its exchange filing today that HDB Financial Services Ltd (HDBFS) has filed Red Herring Prospectus (RHP) to the Registrar of Companies. '….we wish to inform you that HDBFS has filed a RHP dated June 19, 2025 with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad in connection with its Initial Public Offer (IPO) of equity shares,' said the private bank in its filing. The IPO consists of a new issue of ₹ 2,500 crore along with an Offer for Sale of ₹ 10,000 crore from HDFC Bank. The document also indicated that there will be a reservation for subscriptions by the company's eligible employees and qualifying HDFC Bank shareholders as specified in the RHP. Currently, HDFC Bank owns a 94.3% share in HDB Financial prior to the IPO. HDB Financial Services operates with 1,680 branches and maintains a diversified asset under management (AUM) portfolio, placing significant emphasis on retail and SME financing. The company's major loan categories include vehicle financing and loans secured by property. For the quarter ending March 31, HDB Financial Services reported a profit of 5.3 billion rupees, while its net revenue was recorded at 26.2 billion rupees. According to reports, the company's total loan portfolio amounted to 1.07 trillion rupees as of the end of March. Tentatively, HDB Financial Services IPO basis of allotment of shares will be finalised on Monday, June 30 and the company will initiate refunds on Tuesday, July 1, while the shares will be credited to the demat account of allottees on the same day following refund. HDB Financial Services share price is likely to be listed on BSE and NSE on Wednesday, July 2. Based on information from the minimum grey market premium (GMP) is ₹ 0.00, and the maximum GMP stands at ₹ 104.50. Ahead of the company fixes its price band, the current grey market premium (GMP) is ₹ 103.
Time of India
18-06-2025
- Business
- Time of India
Arisinfra Solutions' IPO gets subscribed 24% on Day 1 of offer
NEW DELHI: The initial share sale of Arisinfra Solutions Ltd received a 24 per cent subscription on the first day of bidding on Wednesday. The Initial Public Offer (IPO) got bids for 31,78,815 shares against 1,30,84,656 shares on offer, as per NSE data. The category for Retail Individual Investors (RIIs) got fully subscribed by 1.04 times. The quota for non-institutional investors received 19 per cent subscription. ArisInfra Solutions Ltd on Tuesday said it has garnered Rs 225 crore from anchor investors. The nearly Rs 500-crore IPO will conclude on June 20. The price band for the offer has been fixed at Rs 210 to Rs 222 per share. The IPO is completely a fresh issue of equity shares worth Rs 499.6 crore with no offer for sale (OFS) component. At the upper end of the price band, the company is valued at nearly Rs 1,800 crore. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in the subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from existing shareholders of its subsidiary, ArisUnitern Re Solutions Pvt Ltd, repayment of loan and for general corporate purposes. Arisinfra Solutions is a B2B technology-enabled company, focusing on simplifying and digitizing the procurement process for construction materials. JM Financial , IIFL Capital Services and Nuvama Wealth Management are the book running lead managers to the issue.
The Hindu
04-06-2025
- Business
- The Hindu
Aequs files for an IPO on a confidential basis
Aequs Limited, Belagavi-based aerospace company, has decided to issue an Initial Public Offer on a confidential basis. A pre-filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) on a confidential basis has been filled with the stock markets regulator, SEBI, and stock exchanges. It was announced on Tuesday. (June 3, 2025). The Board of Directors of Aequs Ltd. recently passed a resolution for approval to change its status to a public company and rename it from 'Aequs Private Limited' to 'Aequs Limited', as per its regulatory filing. The company is reportedly planning to launch an IPO worth $200 million, as per sources and past media reports. The offer will comprise both a fresh issue of equity shares and an offer for sale (OFS) component, according to company's regulatory filings. The company declined to comment. The book running leading managers to the IPO reportedly are Kotak Mahindra Capital, JM Financial and IIFL Capital. Aequs had received significant equity infusion over the years from its promoters to scale operations of the company. Additionally, it has attracted global investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N. R. Narayana Murthy), Sparta Group and the investment office of Desh Deshpande, as per publicly available information. The total income of the company was around Rs. 988 crore in FY24 and the total operating income was Rs. 970 crore in FY24. The company derives financial flexibility from continued promoter's support, the report said. ,p Aequs runs manufacturing operations across three countries – India, France, and the USA, to provide supply chain efficiencies to its global customer base in multiple industry verticals. Further, it operates three manufacturing clusters (Belgavi, Hubballi & Koppal) in Karnataka, India. Media reports mentioned that Aequs along with Tata Electronics, Motherson Group & Jabil are now producing mechanical components for Apple products. This is the only manufacturing facility outside of the Americas for Tramontina. Apart from making products for Tramontina worldwide, said a release.
