Latest news with #QIB
Mint
4 hours ago
- Business
- Mint
Upcoming IPO: Laxmi India Finance IPO opens on July 29, price band set at ₹150-158 apiece
Upcoming IPO: Laxmi India Finance IPO price band has been fixed in the range of ₹ 150 to ₹ 158 per equity share of the face value of ₹ 5. The Laxmi India Finance IPO date of subscription is scheduled for Tuesday, July 29 and will close on Thursday, July 31. The allocation to anchor investors for the Laxmi India Finance IPO is scheduled to take place on Monday, July 28. The floor price is 30 times the face value of the equity shares and the cap price is 31.60 times the face value of the equity shares. The Laxmi India Finance IPO lot size is 94 equity shares and in multiples of 94 equity shares thereafter. Laxmi India Finance IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employee portion has been reserved upto 160,928 equity shares. Tentatively, Laxmi India Finance IPO basis of allotment of shares will be finalised on Friday, August 1 and the company will initiate refunds on Monday, August 4 while the shares will be credited to the demat account of allottees on the same day following refund. Laxmi India Finance share price is likely to be listed on BSE and NSE on Tuesday, August 5. Laxmi India Finance is offering 1.6 crore shares through its IPO, which includes a fresh issue of 1.04 crore shares and a promoter sell-off of 56.38 lakh shares. The company plans to use the proceeds from the fresh share issue to strengthen its capital base for future lending needs, whereas the funds from the offer-for-sale will benefit the promoters. PL Capital Markets Private Limited is serving as the book-running lead manager for the Laxmi India Finance IPO, and MUFG Intime India Private Limited (Link Intime) is the registrar managing the issue. Laxmi IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 158 with no premium or discount in the grey market according to 'Grey market premium' indicates investors' readiness to pay more than the issue price.
Mint
4 hours ago
- Business
- Mint
Upcoming IPO: Laxmi India Finance IPO opens on July 29, price band set at ₹150-158 apiece
Upcoming IPO: Laxmi India Finance IPO price band has been fixed in the range of ₹ 150 to ₹ 158 per equity share of the face value of ₹ 5. The Laxmi India Finance IPO date of subscription is scheduled for Tuesday, July 29 and will close on Thursday, July 31. The allocation to anchor investors for the Laxmi India Finance IPO is scheduled to take place on Monday, July 28. The floor price is 30 times the face value of the equity shares and the cap price is 31.60 times the face value of the equity shares. The Laxmi India Finance IPO lot size is 94 equity shares and in multiples of 94 equity shares thereafter. Laxmi India Finance IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employee portion has been reserved upto 160,928 equity shares. Tentatively, Laxmi India Finance IPO basis of allotment of shares will be finalised on Friday, August 1 and the company will initiate refunds on Monday, August 4 while the shares will be credited to the demat account of allottees on the same day following refund. Laxmi India Finance share price is likely to be listed on BSE and NSE on Tuesday, August 5. Laxmi India Finance is offering 1.6 crore shares through its IPO, which includes a fresh issue of 1.04 crore shares and a promoter sell-off of 56.38 lakh shares. The company plans to use the proceeds from the fresh share issue to strengthen its capital base for future lending needs, whereas the funds from the offer-for-sale will benefit the promoters. PL Capital Markets Private Limited is serving as the book-running lead manager for the Laxmi India Finance IPO, and MUFG Intime India Private Limited (Link Intime) is the registrar managing the issue. Laxmi IPO GMP today or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 158 with no premium or discount in the grey market according to '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.
The Hindu
5 days ago
- The Hindu
Two senior citizens from Hyderabad duped of over ₹1.18 crore in separate cyber frauds
Two senior citizens from Hyderabad were defrauded of over ₹1.18 crore in separate cybercrimes that relied on forged government documents, fake trading apps, and psychological manipulation. In the first case, a 64-year-old man from Yousufguda lost ₹86.41 lakhs after being lured into investing through two fake trading apps falsely claiming to operate under SEBI approval. He was approached via WhatsApp with offers of daily trading profits in institutional stocks, OTC trades, and IPOs under the QIB quota. Through one of the platforms, he deposited ₹71.75 lakhs and was shown a notional profit of ₹4.78 crores. When he attempted to withdraw ₹2.5 crores, he was asked to first pay a 20% profit share, which he could not deduct from the app balance. Similarly, on the second platform, he invested ₹14.66 lakhs on which he earned a 'profit' of ₹5.56 lakhs. However, access was blocked when he refused to pay upfront charges including a 30% profit share. To intensify the pressure, the fraudsters even sent a fake Enforcement Directorate (ED) notice accusing him of money laundering. In a separate incident, an 83-year-old retired government employee from Lalaguda was conned out of ₹32.2 lakhs through a fake arrest warrant scam on June 23, 2025. He received a threatening phone call alleging an arrest warrant had been issued under the Prevention of Money Laundering Act, 2002. A forged ED document bearing his Aadhaar number and counterfeit seals were used. Impersonators posing as ED and police officials warned of immediate arrest and deportation to Mumbai, pushing the victim into panic. The scammers coerced him into making multiple payments to close the case, later demanding additional sums as 'loyalty payments' to officials who allegedly helped him. They falsely promised a government refund with compensation and continued communication even after payments stopped, maintaining the illusion of an ongoing legal issue. Both the cases are under investigation.
Economic Times
6 days ago
- Business
- Economic Times
Monika Alcobev IPO subscribed 1.32x on Day 2 so far; Check GMP, and other details
The BSE SME IPO of Monika Alcobev, a luxury alcohol importer and distributor, has seen moderate investor response, with the issue subscribed 1.32 times as of 11:01 AM on July 17. The public offering, which opened on July 16, will close on July 18. ADVERTISEMENT As per the latest update, investors placed bids for 55.21 lakh shares, exceeding the 41.80 lakh shares on offer. The non-institutional investor (NII) segment has shown the strongest interest, with 2.79 times subscription for their reserved quota of 12.24 lakh shares. Meanwhile, retail investors have subscribed to 50% of their allocation (18.81 lakh shares), and qualified institutional buyers (QIBs) have subscribed 1.09 times their share. In the grey market—an unofficial trading venue for IPO shares ahead of listing—Monika Alcobev was seen quoting Rs 10 premium over the issue price. Based on the upper end of the IPO price band at Rs 286, this translates to a potential listing gain of around 3.5%, assuming current market sentiment holds. Monika Alcobev aims to raise Rs 165.63 crore through a combination of fresh issue and offer for sale (OFS) in its IPO. The company's shares are expected to debut on the BSE SME platform on July just one day left for bidding, investor traction in the retail and QIB segments will be critical in determining final subscription levels and listing-day sentiment. Monika Alcobev IPO comprises a fresh issue of 47.91 lakh shares worth Rs 137.03 crore, and OFS of 10 lakh shares aggregating Rs 28.60 crore by existing shareholders. ADVERTISEMENT The price band is set at Rs 271–286 per share, and investors can bid in lots of 400 shares, translating to a minimum investment of Rs 2.16 lakh for retail applicants. So far, there is no visible grey market premium (GMP) for the issue, indicating muted pre-listing excitement among informal Alcobev has already raised Rs 46.06 crore from anchor investors, including institutional players, on July 15. ADVERTISEMENT Also read: PNC Infratech shares rise 5% after emerging as lowest Bidder for NHPC solar power project MUFG Intime India is the registrar, while Marwadi Chandarana Intermediaries is the lead manager for this BSE SME offer. Bhansali Value Creations is the market maker for the issue. ADVERTISEMENT Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is serving as the book-running lead manager for the Monika Alcobev IPO, with MUFG Intime India Private Limited (Link Intime) appointed as the registrar for the in 2015, Monika Alcobev is a prominent importer and distributor of premium and luxury alcoholic beverages in India and neighbouring markets. Its portfolio features over 70 international brands, including names like Jose Cuervo, Bushmills, and Onegin Vodka. ADVERTISEMENT The company operates across India, Sri Lanka, Nepal, the Maldives, and Bangladesh, serving hotels, restaurants, retail outlets, and airport duty-free segments. It boasts a wide distribution network and employs 191 people as of March 2025. Monika Alcobev reported a 25% jump in revenue and a 39% rise in net profit in FY25, with EBITDA growing to Rs 46.19 crore. (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)
Zawya
6 days ago
- Business
- Zawya
Qatar Islamic Bank reports $598mln net profit in H1; declares 40% interim dividend
Qatar Islamic Bank's total assets amounted to QR212.1bn, representing a growth of 10.3% against June 30, 2024. Qatar Islamic Bank (QIB), the country's leading Shariah-principled lender, has reported 5.3% year-on-year increase in net profit to QR2.18bn in the first half (H1) of 2025 and declared 40% interim dividend. Basic earnings per share for the six months ended June 30, 2025 stood at QR0.92 compared to QR0.87 a year-ago period. Total assets amounted to QR212.1bn, representing a growth of 10.3% against June 30, 2024. Financing and investing were the primary drivers for the asset growth. Financing assets reached QR130.8bn, having grown by 3.1% year-on-year. Investment securities reached QR60.1bn in H1-2025, a growth of 21.9% on annualised basis. Customer deposits stood at QR135bn, registering a growth of 10% year-on-year. Finance-to-deposit ratio was 96.8% at the end of June 2025, which is one of the lowest among its peer banks in Qatar reflecting the lender's strong and stable liquidity position. Total income was up 0.6% year-on-year to QR5.64bn in January-June 2025. Net income from financing and investing stood at QR5.13bn for the six months ended June 30, 2025. Total operating expenses amounted to QR537.7mn in H1-2025. Efficient cost containment enabled the bank to bring down the cost to income ratio to 16.4%, which continues to be the lowest in the Qatari banking sector. QIB was able to manage the ratio of non-performing financing assets to total financing assets at 1.75%, one of the lowest in the industry, reflecting the quality of the bank's financing assets portfolio and its effective risk management framework. QIB continues to pursue the conservative impairment policy by building precautionary impairment charge for financing assets, other assets and other provisions and maintain a healthy coverage ratio for non-performing financing assets to 95.1% at the end of H1-2025. Total shareholders' equity stood at QR28.1bn representing a growth of 9.2% on an annualised basis. Total Capital adequacy, as per the new guidelines of the Qatar Central Bank (QCB) was 22%, higher than the minimum regulatory requirements prescribed by the QCB and Basel Committee. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
