Latest news with #PublicOffering
The Hindu
2 days ago
- Business
- The Hindu
Direct impact of higher tariff likely to be limited: SBI head
State Bank of India Chairman Challa Sreenivasulu Shetty on Saturday said the direct impact of the higher tariff scenario unfolding in the U.S. is likely to be limited not just on books of the bank, but also on India given the geographical spread and basket of exports from the country. Textiles, gems and jewellery and aquamarine are among a few industries bound to be impacted given their exports are predominantly to the U.S. and consequently may require some hand holding. Though exposure to the industries is limited, if need be banks will get involved in 'how do we protect [them] along with the government of India if the tariff issue is not resolved faster,' he told mediapersons after launching SBI General Insurance's 30 specialised health insurance branches across Andhra Pradesh and Telangana at a function in Hyderabad. On likely relief measures banks could provide, Mr. Setty said, 'We are working with the regulator. It's too early to talk... we are confident some resolution will happen on tariffs since India is not alone as several other countries are also facing tariff issues. The uncertainty surrounding tariffs should be addressed at the earliest.' Will restructuring be one of the relief measures, the SBI head said 'I think it's too early. Let's not go there. I'm sure there will be some solution for this tariff related.' Mulling two IPOs To a query on plans for an Initial Public Offering of the general insurance subsidiary, he said SBI General Insurance and asset management subsidiary SBI Mutual Fund are the two serious candidates in the Group being considered for listing. 'But the timelines are not decided yet,' he added. On further tweaks to bancassurance norms are required, he said lot of reforms have happened in recent times to the insurance distribution model involving the banks. It is a powerful channel, he said, adding the focus should be on ensuring right selling happens. 'Nobody should be sold a product which is not suitable for them. Everyone of us is working towards that... [be it] insurers, banks, policymakers and regulators while ensuring insurance penetration grows.' Though the number of policies customers cancel within the free look period is miniscule, SBI General Insurance analyses such cases to ensure that it is not account of mis-selling. Additionally, the cases are also looked into by the internal ombudsman, he said. SBI General Insurance MD and CEO Naveen Chandra Jha said the insurer is piloting the concept of dedicated offices for health insurance branches from the two States and may extend it to Odisha, West Bengal, Bihar and Jharkhand next.
News18
3 days ago
- Business
- News18
Mahendra Realtors & Infrastructure Limited IPO Opens on 12th August, 2025
PNNMumbai (Maharashtra) [India], August 9: Mahendra Realtors & Infrastructure Limited is engaged in delivering a comprehensive range of engineering and construction services, proposes to open its Initial Public Offering on August 12, 2025, aiming to raise ₹ 49.45 Crores (at upper price band) with shares to be listed on the NSE issue size is 58,17,600 equity shares with a face value of ₹ 10 each with a price band of ₹ 75 – ₹ 85 Per Share Allocation-Qualified Institutional Buyer – Up to 56,000 Equity Shares-Non-Institutional Investors – Not Less than 27,07,200 Equity Shares– Individual Investors – Not Less than 27,63,200 Equity Shares– Market Maker – 2,91,200 Equity SharesThe net proceeds from the IPO will be utilized for working capital requirements and general corporate purposes. The anchor portion will open on August 11, 2025 and issue will close on August 14, Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited and the Registrar is MUFG Link Intime India Private Hemanshu Shah, Managing Director of Mahendra Realtors & Infrastructure Limited expressed 'The launch of our IPO represents a pivotal milestone in our journey as we continue to build, restore, and reshape infrastructure across the country. Over the years, we have proudly led numerous projects in civil construction, structural rehabilitation, and public infrastructure under various models including Build-Operate-Transfer. Our legacy includes landmark works such as the structural enhancement of Vashi and Belapur Railway Stations–projects that reflect our technical strength and commitment to public offering will enable us to strengthen our financial foundation. The net proceeds from the issue will primarily be utilized to meet our growing working capital requirements, ensure smoother execution of projects, and support general corporate purposes including operational upgrades and organizational growth. This capital infusion will empower us to scale our operations, enhance service delivery, and capture new opportunities in India's dynamic and rapidly evolving infrastructure sector."Ms. Sakshi, Director of Fast Track Finsec Private Limitedsaid, 'We are proud to support Mahendra Realtors & Infrastructure Limited in their IPO journey as they take a significant step toward scaling their operations and strengthening their market presence. The company has built a solid reputation in the engineering and construction space, offering services such as structural repairs, rehabilitation, retrofitting, waterproofing, and infrastructure restoration. With a proven track record of successfully completing over 500 projects across government and private sectors, and a robust order book in hand, MRIL is well-positioned for long-term growthAs India experiences a significant surge in infrastructure development, driven by government initiatives and urban expansion, we believe the company 6is well-positioned to capitalize on these opportunities. The company's capabilities and execution history align well with the demands of a rapidly growing sector, and we are committed to supporting them throughout this important phase of growth."(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Hans India
7 days ago
- Business
- Hans India
Highway Infrastructure IPO Day 1 Subscription, GMP, Price, Dates & Expert Review
Highway Infrastructure IPO, Highway Infrastructure IPO GMP, IPO Subscription Status, Highway IPO Price Band, Should You Apply Highway IPO, IPO Allotment Date, IPO Listing Date The Initial Public Offering (IPO) of Highway Infrastructure Limited opened on August 5, 2025, and got a good response from investors by 10:48 AM. Subscription Status (Day 1, Morning Update) Overall: 4.08 times subscribed Retail Investors: 5.58 times Non-Institutional Investors (NII): 3.67 times Quick IPO Details Grey Market Premium (GMP): ₹41 Price Range: ₹65 to ₹70 per share IPO Dates: August 5 to August 7, 2025 Total Issue Size: ₹130 crore Fresh Issue: ₹97.52 crore Offer for Sale (OFS): ₹32.48 crore Lot Size: 211 shares in one lot Registrar: Bigshare Services Pvt Ltd Allotment Date: August 8, 2025 Listing Date: August 12, 2025 Lead Manager: Pantomath Capital Advisors Should You Apply? – What Experts Say Swastika Investmart The price looks fair at 18.06 times FY25 earnings The company has a strong order book of ₹6,663 crore, mostly for road construction (EPC) projects Recommendation: Good for both short-term gains and long-term investment Fynocrat Technologies (Gaurav Goel)
Business Standard
01-08-2025
- Business
- Business Standard
BLT Limited IPO Opens on 4th August, 2025
PNN New Delhi [India], August 1: BLT Logistics Limited, engaged in providing surface transportation of goods in containerized trucks and warehousing services to various industries and businesses. As on FY25, the company owned operational fleet of 106 vehicles having capacity ranging from 3.5MT to 18MT and another 15 vehicles as part of the fleet of the company's 99.99% subsidiary, Sabarmati, having capacity of 9MT. The company serves B2B customers which require transporting bulk quantities of their goods from one place to another within India. BLT proposes to open its Initial Public Offering on Monday 4th August, 2025 aiming to raise ₹ 9.72 Crore (At Upper Price Band), with shares to be listed on the BSE SME platform. Total Fresh Issue Size - 12,96,000 Equity shares of ₹ 10 each -IPO Size - ₹ 9.72 Crore (At Upper Band) -Price Band - ₹ 71 - ₹ 75 Per Share -Lot Size - 1600 Equity Shares The issue size is 12,96,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 71 - ₹ 75 per Share. Equity Share Allocation -Anchor Investors Portion - Not more than 3,58,400 Equity Shares -Net Qualified Institutional Buyers - Not more than 2,40,000 Equity Shares -Non-Institutional Investors - Not less than 1,80,800 Equity Shares -Market Maker - 94,400 Equity Shares The net proceeds from the ipo will be utilized for funding Capital expenditure requirement of the company towards purchase of Trucks ("Vehicles") and ancillary equipment ("Equipment"), To meet the company's working capital needs and general corporate purposes. The anchor portion will open on 1st August, 2025 and public issue will close on 6th August, 2025. The Book Running lead manager for the Issue is Beeline Capital Advisors Private Limited, and Skyline Financial Services Private Limited is the registrar to the issue. .Mr. Krishan Kumar, Chairman and Managing Director, BLT Logistics Limited, stated, "This IPO marks a pivotal moment in our journey. With increased capital, we aim to strengthen our operations and expands market reach. About BLT Logistics Limited: Incorporated in 2011, BLT Logistics Limited is engaged in providing surface transportation of goods in containerized trucks and warehousing services to various industries and businesses. The company's logistics operations are supported by its own fleet and of its 99.99% subsidiary, Sabarmati Express India Private Limited, and third-party operators, providing necessary transportation facilities like containerised trucks. As of March 31, 2025, the company owns an operational fleet of 106 vehicles (3.5MT to 18MT) and 15 vehicles (9MT) as part of its 99.99% subsidiary, Sabarmati. Services: Transportation & Allied Services: The Company offers B2B transportation services, including FTL, LTL, packing, moving, and project cargo transportation, utilizing a diverse fleet and advanced technology for efficient, secure, and cost-effective logistics solutions. In FY25, on consolidated basis, the Company achieved a Revenue of ₹ 49.16 Crores, Operating EBITDA of ₹ 9.56 crores & PAT of ₹ 3.83 Crores. In FY24, on consolidated basis, the Company Achieved a consolidated Revenue of ₹ 40.34 Crores, Operating EBITDA of ₹ 8.48 crores, & PAT of ₹ 3.13 Crores. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
News18
30-07-2025
- Business
- News18
Renol Polychem's Rs. 25.77 Crore IPO To Open On July 31
Renol Polychem to Raise ₹25.77 Cr via Fresh Issue; IPO Opens July 31 with Price Band Set at ₹100–₹105 Per Share Rajkot (Gujarat) [India], July 30: The Rs. 25.77 crore Initial Public Offering (IPO) of Rajkot-based Renol Polychem Limited, a leading manufacturer of colour and additive master-batches in India, is set to open on July 31, 2025. The IPO will remain open for subscription until August 4, 2025. The IPO comprises a fresh issue of 24.54 lakh shares. Renol Polychem has set a price band of Rs. 100 to Rs. 105 per share for the issue. The lot size is 1,200 shares. Retail investors are required to apply for at least two lots (2,400 shares), amounting to Rs. 2,52,000. For High Net-worth Investors (HNIs), the minimum application amount is Rs. 3,78,000 (3,600 shares). Out of the total fundraise of Rs. 25.77 crore, Renol Polychem plans to use Rs. 5.60 crore for purchasing advanced machinery, Rs. 15.15 crore for working capital requirements to expand operations and market presence, Rs. 1 crore for repayment of certain borrowings, and the rest for general corporate purposes. The shares will be listed on the NSE SME Emerge platform on Thursday, August 7, 2025. Founded in 2008, Renol Polychem specialises in the manufacturing of colour master-batches, plastic master-batches, industrial chemicals, impact modifiers, plastic pigments, and more. It also offers all-in-one additives, including stabilisers, impact modifiers, and colour pigments, that have applications in the UPVC, CPVC pipes, pipe fittings, and plastic products segments. The company's manufacturing unit in Rajkot is equipped with modern machinery and R&D facilities. Renol Polychem has demonstrated strong financial performance with significant revenue growth and profitability over the last few years. It reported revenue of Rs. 52.26 crore and profit after tax of Rs. 3.94 crore in the financial year 2023-24. In FY 2024-25, its revenue was Rs. 62.29 crore and profit after tax was Rs. 4.99 crore. The IPO comes at a time when India's master-batch market is witnessing rapid growth, and is expected to reach $17.22 billion by 2030, driven by increasing demand from packaging, automotive, agriculture, healthcare, aerospace, automotive, consumer goods, and other sectors. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR view comments First Published: July 30, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
