Latest news with #MadhusudanKela
Mint
a day ago
- Business
- Mint
Patil Automation raises ₹19.81 crore from Madhu Kela-backed Chartered Finance, 10 other anchor investors ahead of IPO
Patil Automation IPO: Automated robotic lines manufacturer Patil Automation Ltd has raised nearly ₹ 20 crore from anchor investors ahead of its upcoming initial public offering (IPO) next week on NSE Emerge, the SME platform of NSE. The anchor book includes participation from reputed investors, notably Chartered Finance & Leasing Limited, backed by veteran investor Madhusudan Kela. Patil Automation has allocated a total of 16,51,200 equity shares to anchor investors at a price of ₹ 120 per share. It raised a total of ₹ 19.81 crore from 11 anchor investors ahead of the IPO. 'The Board of Directors of the company at its meeting held on June 13, 2025, in consultation with the Book Running Lead Manager to the Issue, Seren Capital Private Limited, has finalized allocation of 16,51,200 Equity shares, to Anchor Investors at Anchor Investor allocation price of ₹ 120/- per equity share (including share premium of ₹ 110/- per equity share),' Patil Automation said in a regulatory filing. Patil Automation IPO anchor investors list includes NAV Capital VCC - NAV Capital Emerging Star Fund, Evergrow Capital Opportunities Fund, Niveza Small Cap Fund, Chartered Finance & Leasing Limited, Persistent Growth Fund - Varsu India Growth Story, Khandelwal Finance Private Limited, Vikasa India EIF I Fund - Incube Global Opportunities, Rajasthan Global Securities Private Limited, Aarth AIF Growth Fund, Fortune Hands Growth Fund and Amrut Bharat Opportunities Fund. Patil Automation has allocated 168,000 equity shares, consisting 10.17% of the anchor investor portion, to Chartered Finance & Leasing, a company backed by Madhu Kela. The total invested by Madhu Kela-backed company in Patil Automation is a little over ₹ 2.01 crore. 'With the distinguished participation of anchor investors, the company is backed by well-known names such as Aegis Investment Fund and Mr. G. Gunavanth Kumar,' Patil Automation said in a release. Patil Automation IPO will open for subscription on Monday, June 16, and will close on June 18. The IPO allotment is expected to be finalized on June 19, and Patil Automation IPO listing date is likely June 23. Patil Automation IPO is an SME IPO and the equity shares of the company will be listed on NSE SME. The company plans to raise ₹ 69.61 crore from the IPO, which is entirely a fresh issue of 58.01 lakh equity shares. Patil Automation IPO price band is set at ₹ 114 to ₹ 120 per share. Seren Capital is the book-running lead manager of the Patil Automation IPO, while Purva Sharegistry India Pvt Ltd is the IPO registrar. Patil Automation Limited designs and manufactures fully automated robotic lines and custom automation solutions for manufacturers across diverse sectors, including Automotive, EVs, Defence, capital goods and agricultural machinery. The company's clients include automotive OEMs, Tier I suppliers, and component manufacturers. The company also offers supporting products such as fixtures, robotic cells, and inspection systems to deliver integrated automation solutions. In FY25, Patil Automation IPO reported a net profit of ₹ 11.70 crore, upon a revenue of ₹ 118.05 crore, with EBITDA of ₹ 15.21 crore.
Mint
a day ago
- Business
- Mint
Patil Automation raises ₹19.81 crore from Madhu Kela-backed Chartered Finance, 10 other anchor investors ahead of IPO
Patil Automation IPO: Automated robotic lines manufacturer Patil Automation Ltd has raised nearly ₹ 20 crore from anchor investors ahead of its upcoming initial public offering (IPO) next week on NSE Emerge, the SME platform of NSE. The anchor book includes participation from reputed investors, notably Chartered Finance & Leasing Limited, backed by veteran investor Madhusudan Kela. Patil Automation has allocated a total of 16,51,200 equity shares to anchor investors at a price of ₹ 120 per share. It raised a total of ₹ 19.81 crore from 11 anchor investors ahead of the IPO. 'The Board of Directors of the company at its meeting held on June 13, 2025, in consultation with the Book Running Lead Manager to the Issue, Seren Capital Private Limited, has finalized allocation of 16,51,200 Equity shares, to Anchor Investors at Anchor Investor allocation price of ₹ 120/- per equity share (including share premium of ₹ 110/- per equity share),' Patil Automation said in a regulatory filing. Patil Automation IPO anchor investors list includes NAV Capital VCC - NAV Capital Emerging Star Fund, Evergrow Capital Opportunities Fund, Niveza Small Cap Fund, Chartered Finance & Leasing Limited, Persistent Growth Fund - Varsu India Growth Story, Khandelwal Finance Private Limited, Vikasa India EIF I Fund - Incube Global Opportunities, Rajasthan Global Securities Private Limited, Aarth AIF Growth Fund, Fortune Hands Growth Fund and Amrut Bharat Opportunities Fund. Patil Automation has allocated 168,000 equity shares, consisting 10.17% of the anchor investor portion, to Chartered Finance & Leasing, a company backed by Madhu Kela. The total invested by Madhu Kela-backed company in Patil Automation is a little over ₹ 2.01 crore. 'With the distinguished participation of anchor investors, the company is backed by well-known names such as Aegis Investment Fund and Mr. G. Gunavanth Kumar,' Patil Automation said in a release. Patil Automation IPO will open for subscription on Monday, June 16, and will close on June 18. The IPO allotment is expected to be finalized on June 19, and Patil Automation IPO listing date is likely June 23. Patil Automation IPO is an SME IPO and the equity shares of the company will be listed on NSE SME. The company plans to raise ₹ 69.61 crore from the IPO, which is entirely a fresh issue of 58.01 lakh equity shares. Patil Automation IPO price band is set at ₹ 114 to ₹ 120 per share. Seren Capital is the book-running lead manager of the Patil Automation IPO, while Purva Sharegistry India Pvt Ltd is the IPO registrar. Patil Automation Limited designs and manufactures fully automated robotic lines and custom automation solutions for manufacturers across diverse sectors, including Automotive, EVs, Defence, capital goods and agricultural machinery. The company's clients include automotive OEMs, Tier I suppliers, and component manufacturers. The company also offers supporting products such as fixtures, robotic cells, and inspection systems to deliver integrated automation solutions. In FY25, Patil Automation IPO reported a net profit of ₹ 11.70 crore, upon a revenue of ₹ 118.05 crore, with EBITDA of ₹ 15.21 crore. 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
03-05-2025
- Business
- Time of India
Carlyle Group exits PNB Housing Finance; sells 10.44% stake for Rs 2,712 crore
NEW DELHI: Global investment firm Carlyle Group on Friday exited PNB Housing Finance by selling its entire 10.44 per cent stake for Rs 2,712 crore through open market transactions. US-based Carlyle group, through its affiliate Quality Investment Holdings PCC , sold more than 2.71 crore shares, or 10.44 per cent stake, in PNB Housing Finance on the National Stock Exchange (NSE) and the BSE. Quality Investment Holdings PCC offloaded more than 1.73 crore shares of PNB Housing Finance on the NSE and the Carlyle group arm sold 98.07 lakh shares of city-based PNB Housing Finance in eight tranches on the BSE, as per the separate block deals on the bourses. The shares were disposed of at an average price of Rs 1,000.20 apiece, taking the combined deal value to Rs 2,712.97 crore. Meanwhile, Nippon India Mutual Fund (MF), Kotak Mahindra MF, Nomura Funds Ireland, and Osaka, Japan-based Daiwa House Industry, among others, were the buyers of PNB Housing Finance's shares on the BSE. On the NSE, Societe Generale, Goldman Sachs, Morgan Stanley, Canara Robeco MF, HDFC Bank, Citigroup Global Markets Mauritius, Kotak Mahindra Life Insurance, Billionaire Azim Premji's investment arm Premji Invest, and SBI Life Insurance were the buyers of shares of PNB Housing Finance's shares. Singapore-based Aurigin Capital, Cohesion Investments and Madhusudan Kela's Cohesion MK Best Ideas Sub-Trust, Norway's Pension Fund Global and sovereign wealth fund of the Kingdom of Saudi Arabia Public Investment Fund were the other entities who picked up the shares of housing finance company on the exchange. On Friday, shares of PNB Housing Finance rose 4.29 per cent to close at Rs 1,053.50 apiece on the NSE, and it went up 4.02 per cent to settle at Rs 1,050.85 per scrip on the BSE. In November 2024, Carlyle Group offloaded 2.45 crore shares, or 9.43 per cent, stake in PNB Housing Finance for Rs 2,301.58 crore. Prior to that, in July last year, the US-based Carlyle divested a 12.8 per cent stake in PNB Housing Finance for Rs 2,578 crore. In March 2022, PNB Housing's board approved the Rs 2,500-crore rights issuance after it aborted the share sale plan to US-based private equity firm Carlyle Group and others. PNB Housing was looking to raise equity capital worth Rs 4,000 crore, and had entered into a deal with joint venture partner Carlyle Group, among other investors, in May 2021. However, in October 2021, the mortgage lender decided to terminate the Rs 4,000 crore stake sale citing delays due to pending legal proceedings.
Time of India
26-04-2025
- Business
- Time of India
Madhusudan Kela bites this crunchy pick in Mar quarter, adds 2 more smallcaps to his Rs 3,500 cr portfolio
Ace investor Madhusudan Kela added three new smallcap stocks in his portfolio in the quarter ended March 31, 2025 viz. Windsor Machines , SG Finserve and Prataap Snacks while raising stakes in Kopran . Kela, who has a portfolio worth over Rs 3,500 crore according to data available on Trendlyne, holds 17 stocks as per the latest shareholding data compiled by it. Windsor Machines The injection moulding machine manufacturer has a market capitalisation of Rs 2,388 crore on the BSE . Kela bought 7.71% stake in the company. The stock is down 17% in 2025 so far but has had a stellar journey over the past one year, delivering multibagger returns of 248%. SG Finserve SG Finserve is a tech-enabled non-banking finance company (NBFC). The stock has fallen over 1% this year while declining 7% on the 1-year basis. He bought a 1.70% stake in the company. Live Events Prataap Snacks Kela bought 4.61% stake in the Prataap Snacks counter. The market capitalisation on the BSE stands at Rs 2,918.41 crore. Shares of Prataap Snacks have risen 8% so far this year while rallying 35% over a 1 year period. Kopran Kela increased his holding by 42 bps in Kopran, bringing his stake to 1.46% in the March ended quarter from 1.04% at the end of the December quarter. Kopran is an integrated pharmaceutical company based out of Mumbai. The company is a manufacturer and supplier of formulations and Active Pharmaceutical Ingredients (API), worldwide. Kopran's manufacturing facilities and products have accreditations in all the continents, the company website claims. The stock has been on a losing side falling by 11% and 25% on a year-to-date and one-year basis. Kela also has stakes in other stocks like Nazara Technologies , Samhi Hotels , Rashi Peripherals , Unicommerce eSolutions and Waaree Energies . Also Read: Dolly Khanna portfolio: Ace investor adds 2 new smallcaps in March quarter, raises stake in Som Distilleries, 6 others ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
