Latest news with #QualifiedInstitutionalBuyers
Time of India
9 hours ago
- Business
- Time of India
Sri Lotus Developers IPO sees 5% subscription on Day 1 so far. Should You Apply? Check GMP, Review & Key Details
The initial public offering (IPO) of Sri Lotus Developers opened for subscription on Wednesday, July 30. As of 10:12 AM, overall subscription stood at 5%, with interest largely driven by retail and non-institutional investors. The IPO will remain open until August 1. In the grey market, shares are quoting at a premium, indicating a potential listing gain of around 29% over the upper price band of Rs 150 per share. Sri Lotus Developers IPO Subscription Status Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Project Management Cybersecurity Data Analytics Design Thinking Management Degree healthcare Operations Management others Data Science Healthcare Product Management Artificial Intelligence Data Science PGDM Others Digital Marketing CXO MBA Technology Leadership Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Retail investors subscribed to 7% of the 1.97 crore shares allocated to them, while NIIs—such as high-net-worth individuals—subscribed to 9% of the 84.64 lakh shares reserved for their category. Meanwhile, Qualified Institutional Buyers (QIBs) have not placed any bids yet for their allotted 1.12 crore shares. However, it's worth noting that QIB interest often gathers momentum closer to the final days of the IPO, so a lack of early bids from this segment is fairly typical. Sri Lotus Developers IPO GMP today According to market observers, the IPO is commanding a grey market premium (GMP) of Rs 44 per share. This suggests a potential listing gain of nearly 29% over the IPO's upper price band of Rs 150. While GMPs are unofficial and speculative, they can reflect investor sentiment and expected demand. Sri Lotus Developers and Realty launched its Rs 792 crore IPO today, eyeing investor interest in the luxury real estate segment of Mumbai. The issue, which is entirely a fresh offer of 5.28 crore shares, will close on August 1. The price band has been set at Rs 140-150 per share, with a lot size of 100 shares. Proceeds from the IPO will be used to partly fund ongoing projects through its subsidiaries—including Amalfi, The Arcadian, and Varun—and for general corporate purposes. Sri Lotus Developers company details Sri Lotus Developers operates predominantly in Mumbai's western suburbs, focusing on ultra-luxury and luxury housing through redevelopment and joint development models. The company had a net profit of Rs 228 crore in FY25, more than doubling from Rs 119 crore a year ago, on revenue of Rs 550 crore. Its EBITDA margin rose sharply to 52.6%, indicating strong profitability. Backed by a solid pipeline of 16 projects across Juhu, Andheri, Bandra, Prabhadevi, and Ghatkopar, Sri Lotus is betting big on the rising demand for homes in the Rs 2.5 crore-plus segment. The company follows an asset-light approach, largely avoiding land acquisition and instead partnering with housing societies—a model that has allowed faster execution and leaner capital deployment. Should You Subscribe? Anand Rathi has issued a "Subscribe - Long Term" call, citing a strong execution track record, brand premium, and presence in high-demand micro-markets of Mumbai. It notes that while the valuation appears fully priced at 30.6 times FY25 earnings, the fundamentals support long-term wealth creation. Arihant Capital recommends the IPO for listing gains. The brokerage highlights the company's ability to complete projects well before RERA timelines and its premium pricing power, especially in areas like Juhu. Also read: Mother of all IPOs coming next year? Ambani eyes Jio Infocomm's Rs 52,000 cr issue: Report The IPO is being managed by Motilal Oswal and Monarch Networth , with shares set to be listed on both NSE and BSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
News18
a day ago
- Business
- News18
Shanti Gold International IPO garners 80.80 times subscription
New Delhi, Jul 29 (PTI) The initial public offer of Shanti Gold International Ltd garnered 80.80 times subscription on the closing day of bidding on Tuesday. The initial share sale received bids for 1,02,35,46,675 shares against 1,26,67,200 shares on offer, according to NSE data. Non Institutional Investors part got subscribed 151.18 times while the quota for Qualified Institutional Buyers (QIBs) received 117.33 times subscription. The quota for Retail Individual Investors (RIIs) got subscribed 29.77 times. Shanti Gold International on Thursday said it has mopped up a little over Rs 108 crore from anchor investors. The Rs 360-crore initial public offering (IPO) of Shanti Gold has a price band of Rs 189-199 per share. The IPO is entirely a fresh issue of 1.81 crore shares worth Rs 360.11 crore, at the upper end of the price band, with no offer-for-sale (OFS) component. Proceeds of the issue will be used for setting up a facility in Jaipur, funding the company's incremental working capital requirements, payment of debt and for general corporate purposes. Shanti Gold specialises in the design and production of various types of gold jewellery. Choice Capital Advisors is the sole book-running lead manager to the issue. PTI SUM SUM SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 29, 2025, 19:00 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.
Mint
22-07-2025
- Business
- Mint
SBI share price in focus as PSU bank raises ₹25,000 crore via QIP; LIC increases stake
SBI share price will be in focus on Tuesday after the PSU lender raised ₹ 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth. The committee of directors of State Bank of India (SBI), at its meeting held on Monday, approved the closure of the issue pursuant to the receipt of application forms and the funds in the escrow account from the eligible Qualified Institutional Buyers (QIBs) in accordance with the terms of the issue, the SBI said in a regulatory filing. SBI approved the allocation of 30,59,97,552 equity shares at an issue price of ₹ 817 per share of a face value of Re 1 each, including a premium of ₹ 816 apiece, it said. SBI QIP was oversubscribed four-and-a-half times, and foreign investors accounted for 64.3% of total demand. The PSU bank said marquee long-term investors received 88% of the final allocation, including 24% of the issue size placed with foreign long-term investors. The capital will augment the SBI's CET-1 buffer (it will improve to 11.5% from 10.81% as on March 31) and support calibrated credit growth across the retail, MSME and corporate segments, it added. Life Insurance Corporation of India (LIC), the state-run insurance giant, has increased its shareholding in SBI by investing in the QIP. The insurance giant was allotted 6,11,99,511 SBI shares in the QIP. Thus, LIC's stake in SBI has been increased from 81,46,59,869 equity shares to 87,58,59,380 shares, that is, 9.21% to 9.49% of the paid-up capital of the bank. Other prominent investors in SBI QIP were HDFC Life Instance Company, Quant Mutual Fund and Societe General. SBI share price has gained 3% over the past month and rallied 9% in the last six months. On a year-to-date (YTD) basis, the PSU bank's stock is up 4%, although it has declined 7% over the past one year. However, over the long term, SBI share price has delivered robust returns, with the stock surging 324% over the past five years, marking a multibagger performance. On Monday, SBI share price ended 0.11% higher at ₹ 824.20 apiece on the BSE.
Mint
22-07-2025
- Business
- Mint
SBI share price in focus as PSU bank raises ₹25,000 crore via QIP; LIC increases stake
SBI share price will be in focus on Tuesday after the PSU lender raised ₹ 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth. The committee of directors of State Bank of India (SBI), at its meeting held on Monday, approved the closure of the issue pursuant to the receipt of application forms and the funds in the escrow account from the eligible Qualified Institutional Buyers (QIBs) in accordance with the terms of the issue, the SBI said in a regulatory filing. SBI approved the allocation of 30,59,97,552 equity shares at an issue price of ₹ 817 per share of a face value of Re 1 each, including a premium of ₹ 816 apiece, it said. SBI QIP was oversubscribed four-and-a-half times, and foreign investors accounted for 64.3% of total demand. The PSU bank said marquee long-term investors received 88% of the final allocation, including 24% of the issue size placed with foreign long-term investors. The capital will augment the SBI's CET-1 buffer (it will improve to 11.5% from 10.81% as on March 31) and support calibrated credit growth across the retail, MSME and corporate segments, it added. Life Insurance Corporation of India (LIC), the state-run insurance giant, has increased its shareholding in SBI by investing in the QIP. The insurance giant was allotted 6,11,99,511 SBI shares in the QIP. Thus, LIC's stake in SBI has been increased from 81,46,59,869 equity shares to 87,58,59,380 shares, that is, 9.21% to 9.49% of the paid-up capital of the bank. Other prominent investors in SBI QIP were HDFC Life Instance Company, Quant Mutual Fund and Societe General. SBI share price has gained 3% over the past month and rallied 9% in the last six months. On a year-to-date (YTD) basis, the PSU bank's stock is up 4%, although it has declined 7% over the past one year. However, over the long term, SBI share price has delivered robust returns, with the stock surging 324% over the past five years, marking a multibagger performance. On Monday, SBI share price ended 0.11% higher at ₹ 824.20 apiece on the BSE. 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.
News18
22-07-2025
- Business
- News18
SBI Shares In Focus After Massive Rs 25,000 Crore QIP; LIC Among Major Investors
Last Updated: SBI share price will be in focus on Tuesday after the state-run lender raised Rs 25,000 crore through QIP SBI Share Price Today: SBI share price will be in focus on Tuesday after the state-run lender raised Rs 25,000 crore through a Qualified Institutional Placement (QIP) to support business expansion. The Committee of Directors of State Bank of India (SBI), in its meeting held on Monday, approved the closure of the QIP issue after receiving application forms and funds in the escrow account from eligible Qualified Institutional Buyers (QIBs), according to a regulatory filing. As per the filing, SBI approved the allocation of 30,59,97,552 equity shares at an issue price of Rs 817 per share (face value of Re 1 and a premium of Rs 816 per share). The QIP was oversubscribed by 4.5 times, with foreign investors accounting for 64.3% of the total demand. SBI said that 88% of the final allocation went to marquee long-term investors, including 24% to foreign long-term players. The raised capital will help bolster SBI's Common Equity Tier-1 (CET-1) capital ratio, which is expected to rise from 10.81% (as of March 31) to 11.5%. This will support calibrated credit growth across retail, MSME, and corporate segments, the bank added. As a result, LIC's shareholding in SBI rose from 81,46,59,869 shares to 87,58,59,380 shares, translating to an increase from 9.21% to 9.49% of the bank's paid-up capital. Other key investors in the QIP included HDFC Life Insurance, Quant Mutual Fund, and Societe Generale. SBI Share Price Performance SBI share price has risen 3% over the past month and 9% over the last six months. On a year-to-date (YTD) basis, the stock is up 4%, although it is down 7% over the past one year. However, over the long term, SBI has delivered strong returns — the stock has surged 324% in the past five years, delivering a multibagger performance. On Monday, SBI share price closed 0.11% higher at Rs 824.20 apiece on the BSE. view comments First Published: 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.
