Latest news with #MUFGIntimeIndiaPrivateLimited
Mint
6 days ago
- Business
- Mint
Laxmi India Finance IPO to list on Tuesday; GMP signals muted debut, price and details here
The IPO of Laxmi India Finance, which concluded recently, is set to debut on the Indian stock exchanges on Tuesday, August 05. The issue received a modest response during its bidding period between July 29 and July 31, resulting in an overall subscription of 1.86 times. The IPO received total bids for 2.10 crore shares against 1.13 crore shares offered. The retail investors' portion was subscribed 2.20 times, while the NII and QIB portions were booked 1.83 times and 1.30 times, respectively. As the bidding period has ended, investor focus has now shifted to potential listing gains, typically gauged by the grey market premium (GMP). According to market sources, the company's shares are quoting at ₹ 0 in the grey market, indicating that the shares might list at the same price as the issue price at ₹ 158 per share or at a slight discount. The grey market premium reflects investors' willingness to pay a premium over the IPO price. If the GMP is trading at 0 ahead of the listing, it typically suggests that the stock might have a muted debut on the exchanges. The mainboard IPO, valued at ₹ 254.26 crore, is a combination of a fresh issue of 1.05 crore shares aggregating to ₹ 165.17 crores and an offer for sale of 0.56 crore shares aggregating to ₹ 89.09 crore. The company shares are to be listed on both NSE and BSE exchanges, and it proposed to utilize the proceeds from the IPO for augmentation of the capital base to meet the future capital requirements towards onward lending and for general corporate purposes. PL Capital Markets Private Limited is the book-running lead manager of the Laxmi India Finance IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. 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 of September 30, 2024, its operational network spans across 139 branches in rural, semi-urban, and urban areas in the states of Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh. The company, in its RHP report, citing the Care report, said that it has the widest reach in Rajasthan in terms of being the company with the highest number of branches amongst its peers for the period ending FY24. Its product portfolio includes MSME loans, vehicle loans, construction loans, and other lending products catering to the diverse financial needs of its customers, with 80% of its MSME loans qualifying as priority sector lending under RBI guidelines. Disclaimer: This story is for educational purposes only. 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.
Mint
6 days ago
- Business
- Mint
M&B Engineering IPO allotment date in focus. Latest GMP, step-by-step guide to check allotment status online
M&B Engineering IPO allotment date: The allotment of shares for the M&B Engineering IPO is drawing attention as both investors and market analysts await the final decisions regarding share allotment. The investors who applied for the issue can check M&B Engineering IPO allotment status on M&B Engineering IPO's registrar portal, which is MUFG Intime India Private Limited (Link Intime India). M&B Engineering IPO opened for subscription on Wednesday, July 30 and closed on Friday, August 1. M&B Engineering IPO subscription status on the last bidding day was 36.20 times, according to BSE data. The retail investor segment was subscribed 32.55 times. The allocation for non-institutional investors saw a subscription rate of 38.24 times. The portion reserved for qualified institutional buyers (QIBs) was booked at 36.72 times. The employee segment experienced a subscription rate of 8.13 times. Investors can confirm their share allocation by checking the allocation basis. This will also show the number of shares received in the IPO allotment status. If shares are not granted, the company will initiate the application procedure. The shares should be credited to the demat accounts of the designated recipients. The initiation of the refund process will start on Tuesday, August 5 for individuals not given shares. Those allotted will receive their shares in their demat accounts tomorrow. If you have applied for the M&B Engineering IPO, you can do a M&B Engineering IPO allotment status check on the website of the IPO registrar, which is Link Intime India Private Ltd. You can check the M&B Engineering IPO allotment status of your application below: Visit to access the website of the IPO registrar, MUFG Intime India Private Limited. Choose the IPO from the dropdown list; the name will be updated once the allocation process is completed. Select either the Application No., Demat Account, or PAN link to check the current status. Determine if the application type is ASBA or non-ASBA. Enter the details for the option chosen in Step 2.
Mint
6 days ago
- Business
- Mint
NSDL IPO allotment status Live Updates: Latest GMP, step-by-step guide to check allotment status online
NSDL IPO share allotment is in focus as investors and market observers are eagerly waiting for the finalisation of share allocation. The investors who applied for the issue can check NSDL IPO allotment status on NSDL IPO's registrar portal, which is MUFG Intime India Private Limited (Link Intime). National Securities Depository Limited IPO opened for subscription on Wednesday, July 30 and closed on Friday, August 1. NSDL IPO subscription status on the last bidding day was 41.01 times, according to BSE data. The retail investor segment was subscribed 7.73 times. The allocation for non-institutional investors saw a subscription rate of 34.98 times. The portion reserved for qualified institutional buyers (QIBs) was booked at 103.97 times. The employee segment experienced a subscription rate of 15.42 times. Investors can check if they have received shares by reviewing the allocation basis. This also shows the count of shares assigned in the IPO allotment status. If shares are not allocated, the company will initiate the application process. The shares need to be credited to the demat accounts of the designated recipients. The initiation of the refund process will start on Tuesday, August 5 for individuals not given shares. Those allotted will receive their shares in their demat accounts tomorrow. Stay tuned for more updates Follow updates here: 04 Aug 2025, 08:46 AM IST Step 1 Visit to access the website of the IPO registrar, MUFG Intime India Private Limited. Step 2 Choose the IPO from the dropdown list; the name will be available after the allocation process concludes. Step 3 Select the Application No., Demat Account, or PAN link to check the current status. Step 4 Determine if the application type is ASBA or non-ASBA. Step 5 Enter the details for the mode chosen in Step 2. 04 Aug 2025, 08:35 AM IST NSDL IPO GMP is +120. This indicates NSDL share price was trading at a premium of ₹ 120 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of NSDL share price was indicated at ₹ 920 apiece, which is 15% higher than the IPO price of ₹ 800. Considering the grey market activities over the past 31 sessions, the GMP for today's IPO is on the rise, indicating a robust listing is anticipated. According to experts at the minimum GMP recorded is ₹ 0.00, while the maximum stands at ₹ 167. 'Grey market premium' indicates investors' readiness to pay more than the issue price. 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.
India Today
10-07-2025
- Business
- India Today
Smartworks Coworking Spaces IPO open for bidding: Should you subscribe?
The initial public offering (IPO) of Smartworks Coworking Spaces Limited opened for subscription on Thursday, July 10, company, which provides customised managed office spaces, plans to raise Rs 582.56 crore through this IPO. The offer consists of a fresh issue worth Rs 445 crore and an offer for sale (OFS) of Rs 137.56 bidding window for the IPO will remain open until Monday, July 14. Investors can place bids within the price band of Rs 387 to Rs 407 per share. A retail investor will need to invest a minimum of Rs 13,932 to apply for one lot, which consists of 36 shares. For high net-worth investors (sNII and bNII categories), the minimum investments stand at Rs 2,05,128 and Rs 10,10,988, issue also includes a reservation of up to 1,01,351 shares for eligible employees, who are being offered a discount of Rs 37 per share from the issue price.J.M. Financial is the book-running lead manager for the IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar handling the allotment OVERVIEWFounded in 2015, Smartworks Coworking Spaces Limited focuses on offering managed office solutions to enterprise clients. The company designs and delivers ready-to-use, tech-enabled, and custom-designed workspaces. It currently operates several centres across major Indian cities, targeting multinational corporations (MNCs) and large domestic approach focuses on providing flexible leases and tailored office solutions for clients that require agility and modern infrastructure. Its growth has been supported by long-term contracts with enterprise clients, which has helped ensure a stable stream of POSITION AND RISKSDespite strong top-line growth, the company has been posting net losses. Analysts point out that this is largely due to accounting treatment under Ind AS 116, where lease expenses are not included in EBITDA but instead are recorded as depreciation and interest costs. This results in higher finance costs and reduced net profit Broking, in its IPO analysis, said, 'Smartworks has emerged as a leading provider of managed office spaces. The focus on long-term contracts with multinational clients is helping it grow. However, the high lease liability structure impacts the company's bottom line.'Bajaj Broking further explained that the IPO is priced at a price-to-book value (P/BV) of 38.58 based on the company's net asset value (NAV) as of March 31, 2025. After the issue, the P/BV drops to 8.40, based on the post-IPO NAV of Rs 48.45 per RESPONSE AND GMPIn the grey market, the Smartworks Coworking Spaces IPO is showing some positive latest grey market premium (GMP) stands at Rs 33 as of July 10. This suggests a potential listing price of around Rs 440 per share, implying an estimated gain of 8.11% over the upper end of the issue the GMP does not guarantee listing performance, it often reflects early investor appetite in the unofficial allotment of shares is expected to be finalised on Tuesday, July 15, 2025. If all goes according to plan, the shares of Smartworks Coworking Spaces Limited will list on both BSE and NSE on Thursday, July 17, 2025.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends advertisement
Mint
08-07-2025
- Business
- Mint
Cryogenic OGS IPO allotment to be finalised today. Latest GMP, steps to check share allotment status online
Cryogenic OGS IPO allotment in focus: The allotment for the Cryogenic OGS is expected to be finalized today, July 08. Investors can check their allotment status through the registrar, MUFG Intime India Private Limited (Link Intime), or the BSE website. The IPO, which was open for subscription from July 03 to July 07, saw a robust response from investors, being oversubscribed by 694 times. Specifically, the non-institutional investor (NII) segment was oversubscribed 1,155 times, while the retail portion was oversubscribed 773 times and the QIB was booked at 209 times. The IPO price was set at ₹ 47 per share. Given the high level of retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment can expect the refund process to start on July 09, 2025. Shares allotted will be credited to investors' demat accounts on the same day as the refunds. The SME IPO is expected to be listed on the BSE SME platform, with a tentative date of July 10, 2025. The company plans to use the net proceeds from the IPO to meet working capital requirements, general corporate purposes, and public issue expenses. Step 2: Choose 'Cryogenic OGS' in the Select Company dropdown menu. Step 3: Select among PAN, App. No., DP ID, or Account No. Step 4: Enter the details as per the option selected. Your Cryogenic OGS IPO allotment status will be displayed on the screen. Step 1: Visit the allotment page on BSE's official website: Step 2: Under 'Issue Type,' select 'Equity.' Step 3: Choose the IPO from the drop-down option under 'Issue Name.' Step 4: Enter the PAN or application number. Step 5: Click on 'I am not a robot' to confirm your identity, then hit the 'Submit' button. The allotment status will appear on your screen. Incorporated in September 1997, Cryogenic OGS Limited manufactures and assembles high-quality measurement and filtration equipment for industries such as oil, gas, chemicals, and related fluid sectors. The company focuses on innovative and tailored services for the oil, gas, chemical, and allied fluid industries and provides customized solutions to meet the specific needs of its customers. It provides design, process engineering, and manufacturing solutions, including fabrication, assembly, and testing facilities. 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.
