Latest news with #Institutional
Mint
20 hours ago
- Business
- Mint
Brigade Hotel Ventures IPO listing date today. GMP signals muted debut of shares in stock market today
Brigade Hotel Ventures IPO Listing: Brigade Hotel Ventures is set to make its debut in the Indian stock market today after receiving decent response to its initial public offering (IPO). Brigade Hotel Ventures IPO listing date is today, and the equity shares of the company will be listed on BSE and NSE. The public issue was open from July 24 to 28. Brigade Hotel Ventures IPO listing date is today, 31 July 2025. 'Trading Members of the Exchange are hereby informed that effective from Thursday, July 31, 2025, the equity shares of Brigade Hotel Ventures Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities,' said a notice on the BSE. Brigade Hotel Ventures shares will be a part of Special Pre-open Session (SPOS) on Thursday, July 31, 2025, and the stock will be available for trading from 10:00 AM. Ahead of the Brigade Hotel Ventures IPO listing today, the trends in the grey market premium (GMP) remains muted, signalling a flat debut of shares. Here's what Brigade Hotel Ventures IPO GMP today shows: Brigade Hotel Ventures shares are showing a muted trend in the unlisted market without any grey market premium. According to market experts, Brigade Hotel Ventures IPO GMP today is ₹ 0 per share. This indicates that in the unlisted market, Brigade Hotel Ventures shares are trading without any premium or discount than their issue price. Considering the latest Brigade Hotel Ventures IPO GMP today, the estimated listing price of the shares would be ₹ 90 apiece, which is at par to its IPO price of ₹ 90 per share. Brigade Hotel Ventures IPO opened for subscription on Thursday, July 24, and closed on Monday, July 28. The IPO allotment date was done on July 29, and the Brigade Hotel Ventures IPO listing date is today, 31 July 2025. Brigade Hotel Ventures shares will be listed on both the stock exchanges - BSE and NSE. The company raised ₹ 759.60 crore from the book-building issue which was entirely a fresh issue of 8.44 crore equity shares. The shares were sold at an IPO price band of ₹ 85 to ₹ 90 per share. Brigade Hotel Ventures IPO was subscribed 4.48 times in total, according to NSE data. The public issue was booked 6.40 times in the retail category, and 5.42 times in the Qualified Institutional Buyers (QIBs) category. The Non Institutional Investors (NII) segment received 1.92 times subscription. JM Financial is the book-running lead manager of the Brigade Hotel Ventures IPO, while Kfin Technologies is the IPO registrar. 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.
Time of India
2 days ago
- Business
- Time of India
Parth Electricals and Engineering IPO opens August 4; price band set at Rs 160–170
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Parth Electricals and Engineering has announced the launch of its initial public offering ( IPO ), which will open on August 4 and close on August 6. The price band has been set at Rs 160–Rs 170 per equity share, with a face value of Rs 10 anchor investor bid/issue period is scheduled for August 1, 2025 — one working day prior to the issue opening IPO comprises up to 29,24,800 equity shares of face value Rs 10 each, offered at a price band of Rs 160–Rs 170 per share (including a share premium of Rs 150–Rs 160), aggregating up to Rs 4,966.31 lakh. Of this, 1,46,400 equity shares at Rs 170 per share, aggregating Rs 248.88 lakh, will be reserved for subscription by the market maker, while 68,800 shares, aggregating up to Rs 111.112 lakh, will be reserved for subscription by eligible Read | MF Tracker: UTI Mid Cap Fund turns Rs 10,000 SIP to nearly Rs 1.62 crore in 2 decades The floor price is 16 times the face value, and the cap price is 17 times the face value of the equity company, in consultation with the Book Running Lead Manager (BRLM), may offer a discount of up to 5% of the offer price (equivalent to Rs 8 per equity share) to eligible employees bidding in the employee reservation public issue, excluding the market maker reservation, employee reservation, and pre-IPO raise (i.e., the issue of 7,25,000 equity shares of face value Rs 10 each at an issue price of Rs 170 per equity share, aggregating up to Rs 4,606.32 lakh after the filing of the DRHP), is hereinafter referred to as the 'net issue.'The public issue and the net issue will constitute 21.40% and 19.82%, respectively, of the post-issue paid-up equity share capital of the issue is being made through the book-building process in accordance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 229(2) and Regulation 253 of the SEBI ICDR more than 50% of the net issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs).The company may, in consultation with the BRLM, allocate up to 60% of the QIB portion to Anchor Investors on a discretionary basis, in accordance with SEBI ICDR Regulations. Of this, one-third shall be reserved for domestic mutual funds, subject to valid bids being received at or above the Anchor Investor Allocation the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance equity shares shall be added to the Net QIB Portion. Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to mutual funds only. The remainder of the Net QIB Portion shall be available for allocation to all QIB bidders, including mutual funds, subject to valid bids being received at or above the issue the aggregate demand from mutual funds is less than 5% of the Net QIB Portion, the balance equity shares available for allocation in the mutual fund portion shall be added to the remaining Net QIB Portion for proportionate allocation to (i) not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Investors (NIIs), of which:(a) one-third shall be reserved for applicants with an application size of more than two lots and up to an amount not exceeding Rs 10 lakh; and(b) two-thirds shall be reserved for applicants with an application size of more than Rs 10 unsubscribed portion in either of these NII sub-categories may be allocated to applicants in the other sub-category.(ii) Not less than 35% of the Net Issue shall be available for allocation to retail individual investors applying for the minimum application size, in accordance with SEBI ICDR Regulations — subject to valid bids being received at or above the issue Read | JioBlackRock Mutual Fund to launch 5 index NFOs next week. Check dates, other details Further, equity shares will be allocated on a proportionate basis to eligible employees applying under the employee reservation portion, subject to valid bids being received from bidders are required to participate in the issue by mandatorily utilizing the Application Supported by Blocked Amount (ASBA) process, by providing details of their respective ASBA accounts, in which the corresponding bid amounts will be blocked by the Self Certified Syndicate Banks (SCSBs), or under the UPI mechanism, as the case may be, to the extent of the respective bid Investors are not permitted to participate in the issue through the ASBA bidders (other than Anchor Investors) shall mandatorily participate in this offer through the ASBA process and must provide details of their respective bank accounts, in which the bid amount will be blocked by the Management Private Limited is the Book Running Lead Manager to the offer. The equity shares of Parth Electricals and Engineering Limited are proposed to be listed on the Emerge Platform of NSE (NSE Emerge).Parth Electricals & Engineering Limited is a trusted name in the field of electrical and engineering services in India. Established on May 4, 2007, as Parth Electricals & Engineering Private Limited under the Companies Act, 1956, the company has grown steadily to meet the dynamic needs of the infrastructure and industrial its long-term vision and future aspirations, the company transitioned to a public limited entity on November 14, 2024, and is now known as Parth Electricals & Engineering Limited.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
2 days ago
- Business
- Mint
NSDL IPO: Depository firm raises ₹1,200 crore from anchor investors ahead of public issue
NSDL IPO: The National Securities Depository Ltd (NSDL) completed its anchor investor round on Tuesday, July 29, 2025. The company raised over ₹ 1,200 crore from anchor investors ahead of its initial public offering (IPO). NSDL allocated a total of 1,50,17,999 equity shares or 1.5 crore equity shares to the anchor investors at an allocation price of ₹ 800 per share, the company informed BSE in an exchange filing. Of the total 1.5 crore equity shares allocated to the anchor investors 5,297,418 equity shares, nearly 35.27 per cent were allocated to 12 domestic mutual funds, who applied through a total of 22 schemes. Life Insurance Corporation of India, Smallcap World Fund, SBI Banking & Financial Services Fund, ICICI Prudential ElSS Tax Saver Fund, HDFC Value Fund, Fidelity Funds- India Focus Fund, Ashoka Whiteoak ICAV are some of the key anchor investors who were allocated equity shares. On Tuesday, July 29, the grey market premium (GMP) of NSDL IPO stood at ₹ 126 per share at 11:05 pm. With the upper price band at ₹ 800 per share, the shares of the company are expected to be listed at ₹ 926, with a premium of 15.75 per cent, according to data from Investorgain. The NSDL initial public offering (IPO) opens tomorrow and will continue till August 1, 2025. The company has set the IPO price band at ₹ 760 to ₹ 800 per equity share. It plans to raise ₹ 4,011.60 crore through a fully offer-for-sale (OFS). The IPO is scheduled for listing on both NSE and BSE. The proposed public issue plans to allocate up to 50 per cent of shares to Qualified Institutional Buyers (QIBs), at least 15 per cent to Non-Institutional Investors (NIIs), and a minimum of 35 per cent to retail investors. Moreover, up to 85,000 equity shares are reserved for eligible employees, who will benefit from a discount of ₹ 76 per share through the employee reservation segment.
Mint
2 days ago
- Business
- Mint
NSDL IPO: Depository firm raises ₹1,200 crore from anchor investors ahead of public issue
NSDL IPO: The National Securities Depository Ltd (NSDL) completed its anchor investor round on Tuesday, July 29, 2025. The company raised over ₹ 1,200 crore from anchor investors ahead of its initial public offering (IPO). NSDL allocated a total of 1,50,17,999 equity shares or 1.5 crore equity shares to the anchor investors at an allocation price of ₹ 800 per share, the company informed BSE in an exchange filing. Of the total 1.5 crore equity shares allocated to the anchor investors 5,297,418 equity shares, nearly 35.27 per cent were allocated to 12 domestic mutual funds, who applied through a total of 22 schemes. Life Insurance Corporation of India, Smallcap World Fund, SBI Banking & Financial Services Fund, ICICI Prudential ElSS Tax Saver Fund, HDFC Value Fund, Fidelity Funds- India Focus Fund, Ashoka Whiteoak ICAV are some of the key anchor investors who were allocated equity shares. On Tuesday, July 29, the grey market premium (GMP) of NSDL IPO stood at ₹ 126 per share at 11:05 pm. With the upper price band at ₹ 800 per share, the shares of the company are expected to be listed at ₹ 926, with a premium of 15.75 per cent, according to data from Investorgain. The NSDL initial public offering (IPO) opens tomorrow and will continue till August 1, 2025. The company has set the IPO price band at ₹ 760 to ₹ 800 per equity share. It plans to raise ₹ 4,011.60 crore through a fully offer-for-sale (OFS). The IPO is scheduled for listing on both NSE and BSE. The proposed public issue plans to allocate up to 50 per cent of shares to Qualified Institutional Buyers (QIBs), at least 15 per cent to Non-Institutional Investors (NIIs), and a minimum of 35 per cent to retail investors. Moreover, up to 85,000 equity shares are reserved for eligible employees, who will benefit from a discount of ₹ 76 per share through the employee reservation segment. 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.
Mint
2 days ago
- Business
- Mint
Laxmi India Finance IPO subscribed 0.37x on Day 1; retail shows higher participation
The initial public offering (IPO) of Laxmi India Finance received a muted response on its first day of bidding (July 29), with investors placing bids for 42.40 lakh shares against a total offer of 1.13 crore shares, resulting in an overall subscription of 0.37 times by the end of Day 1, according to exchange data. The retail investors' portion was subscribed 0.61 times, while the non-institutional investors' (NII) portion was booked 0.19 times. The Qualified Institutional Buyers' (QIB) portion saw a subscription of just 0.10 times. Laxmi India Finance aims to raise ₹ 254.26 crore through the IPO, comprising a fresh issue of 1.05 crore shares aggregating to ₹ 165.17 crore and an offer for sale of 0.56 crore shares worth ₹ 89.09 crore. The IPO lot size is fixed at 94 shares, requiring a minimum investment of ₹ 14,852 for retail investors. The issue price has been set in the range of ₹ 150–158 per share. The allotment for the IPO is expected to be finalized on Friday, August 1, 2025, with shares scheduled to list on both NSE and BSE on Tuesday, August 5. PL Capital Markets Private Limited is the book-running lead manager, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. The company plans to utilize the proceeds to augment its capital base and meet future lending requirements. As of today, the grey market premium (GMP) for the Laxmi India Finance IPO stands at ₹ 0 per share, indicating that the shares are expected to list at par with the issue price. The GMP reflects the anticipated difference between an IPO's issue price and its expected listing price in the unofficial market. However, it is only a preliminary indicator and should not be the sole basis for investment decisions. The company is a non-deposit taking non-banking financial company focused on serving the financial needs of underserved customers in India's lending market. As on March 31, 2025, its operational network spans across 158 branches in rural, semi-urban and urban areas in the states of Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh. Laxmi Finance has the widest reach in Rajasthan in terms of being the company with highest number of branches amongst its peers for the period ending FY25, the company said in its RHP report, citing CARE Report. Its product portfolio includes MSME loans, vehicle loans, construction loans and other lending products catering to the diverse financial needs of its customers. The company's MSME lending fuels economic growth and promotes financial inclusion by supporting small businesses and entrepreneurs, with over 80% of its MSME loans qualifying as Priority Sector Lending under RBI guidelines. 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 taking any investment decisions.
