Latest news with #NSE
The Hindu
4 hours ago
- Business
- The Hindu
Rajoo Engineers to raise ₹180 crore via QIP issue
Rajoo Engineers Ltd., a manufacturer of plastic extrusion machinery has initiated the process to raise ₹180 crore through Qualified Institutional Placement (QIP). The issue will close on July 21. The company's board had approved the opening of the issue of qualified institutional placement (QIP) of equity shares with the floor price of ₹114.42 per equity share. On July 14, the closing price of the equity shares on the BSE was ₹131.20 and ₹131.15 per equity share on NSE. The proceeds of up to ₹160 crore from the QIP will be deployed for expansion of business through inorganic growth to accelerate the company's growth plans and remaining proceeds towards general corporate purpose. The company which specialises in Blown Film Lines, Sheet Extrusion Lines, Thermoforming Machines and PVC Pipe Extrusion Solutions has presence in over 70 countries. It is listed on the BSE and NSE. Operating from Rajkot, Gujarat, the company offers over 26 products across six segments in plastic processing. GYR Capital Advisors Private Ltd. is the Book Running Lead Managers (BRLMs) to the QIP issue.
Mint
6 hours ago
- Business
- Mint
SBI launches ₹25,000 crore QIP; floor price set at ₹811.05. Details here
SBI QIP: State Bank of India (SBI), the country's largest lender, on Wednesday announced the launch of a share sale to institutional investors to raise ₹ 25,000 crore. The company's board at its meeting held today approved the launch of a qualified institutional placement of fully paid-up equity shares of the company at a floor price of ₹ 811.05 per equity share, which is at a 2.3% discount to the last closing price of ₹ 830.5 on the NSE. SBI further said the bank may offer a discount of not more than 5% on the floor price calculated for the QIP, while the issue price will be determined by the bank in consultation with the book running lead managers. The lender's board in May had approved raising funds to the tune of ₹ 25,000 crore in the financial year 2025-26 (FY26) in one or more tranches through qualified institutions placement or a follow-on public offer (FPO) or any other permitted mode or a combination thereof. Earlier in the day, SBI's board approved raising ₹ 20,000 crore via bonds. 'Central Board of the Bank in its meeting held today i.e. 16.07.2025, inter alia, accorded approval for raising funds in INR by issue of Basel III compliant Additional Tier 1 and Tier 2 Bonds, up to an amount of ₹ 20,000 Crores (Rupees Twenty Thousand Crores only) to domestic investors during FY26, subject to GOI approval wherever required,' SBI said in an exchange filing. Following the fundraising announcement and ahead of QIP launch, SBI share price closed the session in the green. The scrip settled at ₹ 830.50 on the NSE, up 1.72% over the last close and at ₹ 831.55 on the BSE, up 1.81%. SBI share price has risen 5% year-to-date, while they are down 6% for the last one year. On a longer time frame of five years, SBI stock has delivered a multibagger gain of 347%. The lender, with a market capitalisation of ₹ 7.42 lakh crore, saw an increase in trading volumes today, with 12.39 lakh shares changing hands as against the two-week average of 3.15 lakh shares.
Indian Express
7 hours ago
- Business
- Indian Express
HDB Financial Services share price sinks 3% after Q1 earnings
HDB Financial Services Share Price: Shares of HDB Financial Services Limited fell around 3 per cent on Wednesday (July 16). Shares of HDB Financial Services settled at Rs 816.05 apiece on NSE. On BSE, the shares of HDB Financial Services declined 3.13 per cent to settle at Rs 814.75. On Tuesday, HDB Financial Services reported a 2.4 per cent decline in net profit at Rs 568 crore for the first quarter of this financial year. Its net profit was at Rs 582 crore during April-June quarter of 2024-15, HDB Financial Services, a subsidiary of HDFC Bank, said in a regulatory filing. The company said its net total income was at Rs 2,726 crore as on June 30, 2025, compared to Rs 2,387 crore as on June 30, 2024, a growth of 14.2 per cent. Its asset under management (AUM) was Rs 1,09,690 crore as on June 30, 2025, up 14.7 per cent from the year-ago period. As on June 30, 2025, HDB Financial Services said its net interest income stood at Rs 2,092 crore, compared to Rs 1,768 crore in the year-ago period, a growth of 18.3 per cent. HDB Financial Services Limited is a component of the BSE IPO. According to the BSE analytics (as of July 16), shares of HDB Financial Services gave negative returns of 3.08 per cent and 3.11 per cent in the last 1 week and 2 weeks, respectively. Shares of HDB Financial Services Ltd listed on NSE and BSE on July 2. It got listed with a premium of nearly 14 per cent against the issue price of Rs 740. The company's stock began trading at Rs 835, a 12.83 per cent jump from the issue price on the BSE. At the NSE, shares of the firm were listed at Rs 835. The Rs 12,500-crore initial share sale of HDB Financial Services got subscribed 16.69 times on the closing day of bidding. The mega initial public offer (IPO) had a price band of Rs 700-740 per share.
India.com
7 hours ago
- Business
- India.com
Tech Mahindra's Q1 Net Profit Falls 2.2% Sequentially, Revenue Slips Slightly
Mumbai: Tech Mahindra on Wednesday reported a 2.2 per cent quarter-on-quarter (QoQ) decline in its net profit for the first quarter (Q1) of FY26, with earnings falling to Rs 1,140 crore. The company also witnessed a slight dip in revenue, which came in at Rs 13,351 crore, down 0.2 per cent compared to the previous quarter (Q4 FY25), according to its stock exchange filing. Despite the dip in topline and profit, the company managed to improve its operating performance, with EBITDA rising 3.6 per cent QoQ to Rs 1,935 crore. On a year-on-year (YoY) basis, the company showed improvement across key metrics. Net profit grew 34 per cent, revenue increased 2.7 per cent, and EBITDA was also up 34 per cent, the company stated in its filing. However, America's market, which contributes nearly half of Tech Mahindra's overall revenue, reported a 5.9 per cent decline compared to the previous year. The company's net new deal bookings rose to $809 million during the quarter, up from $798 million in the previous quarter and significantly higher than the $534 million booked in the same quarter the previous year. Rohit Anand, Chief Financial Officer of Tech Mahindra, said the company has now delivered seven straight quarters of margin expansion. He added that the ongoing 'Project Fortius' is continuing to deliver strong operational improvements, even in a challenging environment. CEO and Managing Director Mohit Joshi said the company's performance is strengthening steadily. He pointed to a 44 per cent increase in deal wins over the last 12 months, supported by positive momentum across various industries and global markets. In dollar terms, Tech Mahindra's net profit rose 30 per cent YoY, while revenue increased marginally by 0.2 per cent. The company's EBITDA margins improved by 260 basis points, reaching 11.1 per cent. Looking at performance by verticals, the Communications segment grew 2.8 per cent QoQ and 2.5 per cent annually. The BFSI segment declined 0.6 per cent from the previous quarter but rose 4.7 per cent YoY. Manufacturing saw 4 per cent growth sequentially but dropped 4 per cent compared to the same period the previous year. Tech Mahindra reported a total headcount of 148,517 employees in the first quarter, an increase of 897 people from the same quarter the previous year. The attrition rate during the quarter rose slightly to 12.6 per cent. On the stock market, Tech Mahindra shares closed nearly 2 per cent higher at Rs 1,608.5 apiece on the NSE.
Mint
7 hours ago
- Business
- Mint
Anthem Biosciences IPO day 3: Issue subscribed over 60 times; check GMP, subscription status and other details
The initial public offering (IPO) of Anthem Biosciences concluded on Wednesday, 16 July. The issue closed with a healthy subscription at the end of the bidding period, led by strong demand from qualified institutional buyers (QIBs). Following the closure of the Anthem Biosciences IPO, investor focus will shift to its allotment, which is due on 17 July 2025. Investors can check the allotment on the BSE and NSE websites. The mainboard IPO, which opened on 14 July, saw an increase in its grey market premium (GMP) as the issue progressed. Anthem Biosciences' IPO was subscribed 63.86 times on the last day of the book-building process. The retail portion was subscribed 5.64 times, while the NII portion was booked as much as 42.35 times. The qualified institutional buyers portion was booked 182.65 times, surpassing the other categories. On the last day, the employee portion was booked 6.59 times. The expected listing date for Anthem Biosciences shares is 21 July, and they will be listed on both the BSE and the NSE. Anthem Biosciences IPO GMP on its closing day is ₹ 160, ₹ 4 higher than its GMP on the previous day. At the prevailing GMP, the company shares could list at ₹ 730, a 28.07% premium. However, investors must note that GMPs are subject to change and should not be the only factor determining their investment choice. They should also consider company fundamentals and risk appetite before investing. Anthem Biosciences, a leading Indian Contract Research, Development & Manufacturing Organisation (CRDMO), launched its IPO last week, looking to raise ₹ 3,395 crore, which is entirely offer-for-sale (OFS). The company's IPO price band was set at ₹ 540 to ₹ 570 per equity share. Investors could place a bid for a minimum of 26 shares or multiples thereof. For retail investors, the minimum application price is ₹ 14,040, based on the upper end of the price band. The Company will not receive any proceeds from the Offer, and all the Offer Proceeds will be received by the existing shareholders after deduction of offer-related expenses and relevant taxes, to be borne by the Promoter Selling Shareholder. In terms of financial performance, the company's revenue from operations increased by 30 per cent, reaching ₹ 1,844 crore compared to ₹ 1,419 crore last financial year. The profit after tax for the year ending 31 March 2025 was ₹ 451 crore, marking a 23 per cent increase over FY24.
