Latest news with #ParthElectricalsandEngineering
Economic Times
3 days ago
- Automotive
- Economic Times
BD Industries IPO listing today. Tepid GMP reflects cautious sentiment
Founded in 1984, BD Industries manufactures plastic fuel tanks, hydraulic tanks, fenders, urea tanks, and a variety of other products for the automotive, marine, and industrial segments. Synopsis BD Industries, a plastic product manufacturer, is set to list on the BSE SME platform on August 6 after a moderately subscribed IPO of Rs 45.36 crore. With a grey market premium of Rs 0, a flat listing is anticipated despite improved financials showing a 52% revenue growth and a 156% surge in profit. Shares of BD Industries, a manufacturer of rotationally moulded plastic products, will list its shares on the BSE SME platform on August 6 after closing its Rs 45.36 crore IPO with a moderate subscription and no traction in the grey market. The grey market premium (GMP) on the company's shares ahead of the listing stood at Rs 0, suggesting a flat listing is likely, with little to no upside expected over the issue price of Rs 108 per share. ADVERTISEMENT The IPO, which ran from July 30 to August 1, was a completely fresh issue of 42 lakh equity shares. Despite its modest size, the issue did not witness enough demand from investors. The IPO was subscribed 1.81 times overall, with the retail portion seeing a subscription of 1.32 times, the qualified institutional buyer (QIB) category at 1.27 times, and the non-institutional investor (NII) segment leading with a 3.66 times subscription. The company priced its issue in a band of Rs 102 to Rs 108 per shareFounded in 1984, BD Industries manufactures plastic fuel tanks, hydraulic tanks, fenders, urea tanks, and a variety of other products for the automotive, marine, and industrial segments. The company caters to diverse sectors with a scalable and asset-heavy manufacturing BD Industries has posted sharp improvements in profitability. Revenue grew 52% year-on-year to Rs 84.13 crore in FY25, while PAT surged 156% to Rs 8.15 crore. ADVERTISEMENT The flat GMP heading into the listing day signals weak demand in the unofficial market. Investors will be closely watching early trade on Wednesday to assess if fundamentals can overcome sentiment. Aryaman Financial Services acted as the book-running lead manager, and Aryaman Capital Markets was the market maker. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Parth Electricals and Engineering IPO opens August 4; price band set at Rs 160–170 Parth Electricals and Engineering IPO opens August 4; price band set at Rs 160–170 Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains NEXT STORY
Time of India
5 days ago
- Business
- Time of India
Parth Electricals and Engineering IPO opens today. Check all details before subscription
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Parth Electricals and Engineering's IPO will open for subscription on Monday, August 4, aiming to raise Rs 49.72 crore through a completely fresh issue of 29.25 lakh shares. The bookbuilding IPO is priced in the band of Rs 160 to Rs 170 per share, with the grey market premium (GMP) currently hovering at Rs 22, indicating a potential listing price of around Rs IPO will close on Wednesday, August 6, and the allotment is expected to be finalized on Thursday, August 7. Shares are scheduled to list on the NSE SME platform on Monday, August investors are required to apply for a minimum of 1,600 shares, amounting to an investment of Rs 2.72 Management is acting as the lead manager to the issue, KFin Technologies is the registrar, and Shreni Shares Ltd is the market in Vadodara, Parth Electricals and Engineering Ltd. manufactures and supplies a wide range of medium- and high-voltage electrical products, including switchgear panels, VCBs, CRPs, compact substations, and also undertakes turnkey execution of AIS and GIS substations up to 220 kV. Its clients include top-tier industrial giants like Aditya Birla Group, Ultratech Cement , Adani, L&T, RIL BHEL , and Siemens The company has shown strong financial growth with FY25 revenue doubling to Rs 176.2 crore and PAT rising 119% YoY to Rs 10.12 crore. The IPO proceeds will primarily be used for setting up new GIS manufacturing units in Gujarat and Odisha, repaying short-term borrowings, and general corporate a strong client base, expansion plans, and a positive GMP trend, the IPO has attracted considerable investor interest, though retail participation will be watched closely given the steep minimum investment size.
Economic Times
5 days ago
- Business
- Economic Times
Parth Electricals and Engineering IPO opens today. Check all details before subscription
Parth Electricals and Engineering launched its IPO on August 4, aiming to raise ₹49.72 crore. Priced between ₹160-₹170 per share, the IPO anticipates a listing around ₹192, fueled by a ₹22 GMP. Closing on August 6, allotment is expected on August 7, with NSE SME listing scheduled for August 11. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Parth Electricals and Engineering's IPO will open for subscription on Monday, August 4, aiming to raise Rs 49.72 crore through a completely fresh issue of 29.25 lakh shares. The bookbuilding IPO is priced in the band of Rs 160 to Rs 170 per share, with the grey market premium (GMP) currently hovering at Rs 22, indicating a potential listing price of around Rs IPO will close on Wednesday, August 6, and the allotment is expected to be finalized on Thursday, August 7. Shares are scheduled to list on the NSE SME platform on Monday, August investors are required to apply for a minimum of 1,600 shares, amounting to an investment of Rs 2.72 Management is acting as the lead manager to the issue, KFin Technologies is the registrar, and Shreni Shares Ltd is the market in Vadodara, Parth Electricals and Engineering Ltd. manufactures and supplies a wide range of medium- and high-voltage electrical products, including switchgear panels, VCBs, CRPs, compact substations, and also undertakes turnkey execution of AIS and GIS substations up to 220 kV. Its clients include top-tier industrial giants like Aditya Birla Group, Ultratech Cement , Adani, L&T, RIL BHEL , and Siemens The company has shown strong financial growth with FY25 revenue doubling to Rs 176.2 crore and PAT rising 119% YoY to Rs 10.12 crore. The IPO proceeds will primarily be used for setting up new GIS manufacturing units in Gujarat and Odisha, repaying short-term borrowings, and general corporate a strong client base, expansion plans, and a positive GMP trend, the IPO has attracted considerable investor interest, though retail participation will be watched closely given the steep minimum investment size.
Economic Times
5 days ago
- Business
- Economic Times
FPIs inject Rs 14,247 crore into Indian primary market in July amid IPO surge
If the weakness persists, it may affect the flow of new IPOs in the coming weeks thereby impacting the FPI investments in the primary market. Synopsis Foreign portfolio investors (FPI) significantly increased their investments in the Indian primary market in July, reaching $1.7 billion, driven by a surge in IPO activity. However, FPIs became net sellers in the secondary market due to global uncertainties, resulting in a net outflow when considering both primary and secondary markets. ET Intelligence Group: Net inflow of foreign portfolio investors (FPI) in the Indian primary market hit a seven month high of $1.7 billion (₹14,247 crore) amid buoyancy in initial public offerings (IPO). The previous high was in December 2024 when FPIs had invested $2.1 billion (₹18,036 crore) through the primary route. ADVERTISEMENT Primary market includes IPOs and private placements. In July, the number of IPOs at 13 was the highest in any of the months of the current calendar year so far. These IPOs collectively raised ₹16,127 crore. In the previous month, while the number of IPOs at eight was less, the amount raised was higher at ₹17,690 crore, skewed by the IPO of HDB Financial Services, which scooped up ₹12,500 crore through a combination of fresh issue and offer for sale. FPIs, however, turned net sellers of Indian equities in secondary market in July amounting to net outflow of $3.7 billion (₹31,988 crore) for the first time in four months following heightened uncertainties related to global trade and geopolitical situation. This resulted in net outflow of $2.1 billion (₹17,740.6 crore) in July, primary and secondary market put together. The benchmark indices have shown signs of fatigue, losing over 3% last month. If the weakness persists, it may affect the flow of new IPOs in the coming weeks thereby impacting the FPI investments in the primary market. (You can now subscribe to our ETMarkets WhatsApp channel) Parth Electricals and Engineering IPO opens August 4; price band set at Rs 160–170 Parth Electricals and Engineering IPO opens August 4; price band set at Rs 160–170 Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains NEXT STORY
Time of India
30-07-2025
- 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)
