Latest news with #SME
Economic Times
an hour ago
- Business
- Economic Times
Unified Data-Tech IPO set for debut today: Strong demand, solid GMP signal upbeat listing
Unified Data-Tech Solutions is all set to list on the BSE SME platform on Thursday following a strong response to its Rs 144.47 crore IPO. The public issue, which was open from May 22 to May 26, was subscribed an impressive 91.12 times overall. ADVERTISEMENT The IPO was entirely an offer for sale of 52.92 lakh shares, priced at Rs 273 per share. While the qualified institutional buyers subscribed 83.22 times, the HNI portion saw a phenomenal subscription of 212.43 times. Even the retail segment recorded a solid 43.62 times oversubscription, confirming wide-based interest in the Mumbai-based IT service provider. Ahead of the listing, market sentiment remains optimistic. Shares of Unified Data-Tech are commanding a grey market premium (GMP) of Rs 58, suggesting a potential listing price of Rs 331. That translates into an expected listing gain of over 21.25%. The allotment was finalised on May 27, and shares were credited to demat accounts on May 28. Refunds for unallotted applicants have also been Data-Tech is an IT system integrator that offers customized technology solutions including data center infrastructure, cybersecurity, virtualization, and networking. It serves a diverse client base in BFSI, IT, and other sectors, and has developed a reputation for providing high-performance and cost-efficient solutions across company reported healthy growth in financials, with PAT rising from Rs 10.4 crore in FY23 to Rs 31.68 crore in the eleven months of FY25. It maintains a debt-free balance sheet, and its return on equity stood at a robust 48.81%, while return on capital employed touched 52.55%. ADVERTISEMENT The IPO was entirely an offer for sale and did not raise fresh capital for the business. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Free Malaysia Today
2 hours ago
- Business
- Free Malaysia Today
Master's degree does not guarantee higher pay, says SME group
A mismatch in the labour market has forced many master's degree holders to accept jobs that require lower qualifications and, along with it, lower salaries. (Freepik pic) PETALING JAYA : The perception that master's degree holders are earning less than expected given their qualifications only holds true in certain cases, says SME Association Malaysia president Chin Chee Seong. He said the problem stems from a mismatch in the labour market in Malaysia. 'There are limited roles that specifically require postgraduate qualifications, forcing many to accept lower-paying jobs typically held by degree holders,' he told FMT. Sharing his view is Malaysian Employers Federation (MEF) president Syed Hussain Syed Husman, who pointed out that the relevance of some postgraduate qualifications is limited. Chin Chee Seong. Chin said the Malaysian job market has yet to reach a stage where there is a need for more of those with a master's degree. 'Employers are not averse to paying higher salaries. The question is whether or not it is necessary or justified,' he pointed out. Chin said the association has been urging the government to invest in tech-based industries and to push more small and medium enterprises (SMEs) to adopt advanced technology. He said that when industries embrace digitalisation, the need for specific technical skills that come only with postgraduate qualifications rises, making employers more willing to offer higher salaries. He noted that SMEs in some sectors, such as IT services, already offer 'relatively high' starting pay, with fresh graduates earning RM4,000 to RM4,500, depending on the role. Those with a master's degree in fields like computer science are more likely to earn higher wages, Chin said. However, postgraduates in areas like human resources or administration may not see the same returns, as these roles only require degree holders. A recent report by Permodalan Nasional Bhd (PNB) Research Institute said master's degree holders have seen a 10% decline in real wages in the decade leading up to 2022, compared with just a 4% drop in the previous corresponding decade. In contrast, degree holders saw a slight improvement in wage growth over the same period. Syed Hussain Syed Husman. Syed Hussein said factors such as underemployment and an oversupply of graduates have also contributed to wage stagnation. 'Without a corresponding increase in productivity and business performance, employers are unlikely to raise wages simply because an employee holds a higher academic qualification,' he told FMT. Syed Hussain said postgraduate degrees still offer value in specialised fields such as data science and engineering, but unless qualifications align with evolving industry needs, wage challenges for master's graduates will persist. He called for closer collaboration between academia and industry to ensure postgraduate programmes are aligned with market needs. The rate of skills-related underemployment stood at 37% in the second quarter of 2024, deputy economy minister Hanifah Hajar Taib said last year. He added that youth unemployment also stood at 10.6% for the fourth consecutive month in February, involving 306,600 people, which some attributed to a skills mismatch.
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Business Standard
17 hours ago
- Business
- Business Standard
Blue Water Logistics IPO Day 2: Check subscription, GMP, and other details
Blue Water Logistics IPO: The initial public offering (IPO) of Blue Water Logistics has entered its second day of application. The SME offer opened on Tuesday, May 27, 2025, and has received an overwhelming response in two days. According to data from the National Stock Exchange (NSE), the Blue Water Logistics IPO has been subscribed 1.88 times, around 1:12 PM. The issue received 1,285 applications from retail investors for 12,85,000 shares, 53 applications from non-institutional investors (NIIs) for 9,51,000 shares, and 5 applications for 18,50,000 shares from Qualified Institutional Buyers (QIBs). Blue Water Logistics IPO GMP On Wednesday, the unlisted shares of Blue Water Logistics were trading flat at ₹135, the upper band price, in the grey market, according to sources tracking unofficial markets. Blue Water Logistics IPO details The three-day subscription window for the initial public offering will close on Thursday, May 29, 2025. The basis of the allotment of shares is likely to be finalised on Friday, May 30, 2025. Shares of Blue Water Logistics will be listed on the NSE SME platform on Tuesday, June 3, 2025. The company aims to raise ₹40.5 crore through entirely a fresh issue of 3 million equity shares. The company has set the price band in the range of ₹132 to ₹135 per share. A retail investor could invest a minimum amount of ₹1,32,000 to buy one lot comprising 1,000 shares. High net-worth individuals would need ₹2,70,000 to bid for two lots. Maashitla Securities is serving as the registrar for the issue, while Smart Horizon Capital Advisors is the sole book-running lead manager. The company plans to allocate ₹10.5 crore from the net proceeds of the fresh issue towards capital expenditure for vehicle acquisition and its body building. An additional ₹20 crore will be used to meet working capital needs, with the remaining funds earmarked for general corporate purposes. About Blue Water Logistics Hyderabad-based Blue Water Logistics is engaged in the business of providing logistics and supply chain solutions. Its key services include freight forwarding, customs clearance, and transportation handling services. It is a Multimodal Transport Operator registered under the Multimodal Transportation of Goods Act 1993 to carry on the business of multimodal transportation.
Al Bawaba
a day ago
- Business
- Al Bawaba
Mashreq Becomes the First Bank in the UAE to Offer Aani Instant Payments for SMEs via Mashreq Biz App — Enabling Faster, Safer, and Simpler Collections
Mashreq, one of the leading financial institutions in the MENA region, has announced the launch of Aani Instant Payments, a new solution enabling SME businesses to collect payments from their customers instantly, securely, and seamlessly with no IBAN new Aani Instant Payments solution allows Mashreq's SME customers to generate a link or QR code through Mashreq Biz app that can then be shared with their own customers. This enables the collection of payments in seconds without any bank details to be provided. This solution offers a new level of efficiency in transactions, improves cashflows for SMEs, and allows them to offer a wider choice of payment methods to their customers, thus improving their Chalisgaonkar, Head of Business Banking and NEO BIZ at Mashreq, said: 'We are proud to be the first bank in UAE to offer Aani Instant Payments to SMEs. This solution demonstrates our commitment to help our Business Banking and NEO BIZ clients improve their cashflows through innovative banking solutions. With this new feature, SME customers can collect money faster, and their retail consumers also enjoy a far simpler and instant way of making payment for their purchases.'The Aani Instant Payments solution is integrated into the Mashreq Biz app, designed to allow SME customers access to a wide range of essential services via a unified platform. The addition of the new Aani Instant Payments feature simplifies collection options and empowers merchants to better serve their own consumers by providing a convenient, secure, and cost-free payment solution. Andrew McCormack, Chief Operating Officer at Al Etihad Payments, said: 'We are delighted to onboard Mashreq as a provider of the innovative Aani Instant Payment solution - bringing intuitive, secure, and inclusive digital payments to small-scale merchants and their customers. As demand for seamless, real-time payments continues to rise, Aani offers SMEs a powerful way to transact with greater ease and agility. By removing traditional barriers and enabling instant acceptance, Aani is not only enhancing business efficiency but is advancing financial inclusion and supporting the UAE's broader vision of a cashless, digitally empowered economy.' To collect payments – which can be requested from anyone enrolled with Aani in the UAE – Mashreq SME customers need simply log into the app, tap 'Pay' and then 'Collect Money', and a payment link or QR code will be generated. This code or link can then be shared with the merchant's own client, permitting a secure, seamless method of Taneja, Head of Payments & Consumer Lending at Mashreq, said: 'With the launch of Aani Instant Payments on the Mashreq Biz app, we are reinforcing our commitment to delivering seamless, real-time payment solutions that simplify the way businesses collect funds. This first-of-its-kind solution reflects Mashreq's vision to empower SMEs with advanced digital tools that enhance operational efficiency and accelerate their growth in today's digital economy.' The launch of Aani payments for SME business customers aligns with Mashreq's ambition of being the region's most progressive challenger bank, enabling innovative solutions for all its customers, and supports the UAE's National Payment Systems Strategy, which aims to increase interoperability between payment systems and reinforce the country's position as a global financial hub.
Fintech News ME
a day ago
- Business
- Fintech News ME
Mashreq Rolls Out Aani Instant Payments for SMEs in the UAE
Mashreq has introduced Aani Instant Payments, a new feature designed to allow SMEs to collect payments from their customers instantly and securely, without requiring an IBAN. The Aani Instant Payments feature enables Mashreq's SME clients to generate a link or QR code via the Mashreq Biz app, which can then be shared with their customers. This allows payments to be made within seconds, without the need to exchange bank account details. The solution is expected to improve cash flow management for SMEs and provide customers with additional payment options. Rajeev Chalisgaonkar, Head of Business Banking and NEO BIZ at Mashreq, said: 'This solution demonstrates our commitment to help our Business Banking and NEO BIZ clients improve their cashflows through innovative banking solutions. With this new feature, SME customers can collect money faster, and their retail consumers also enjoy a far simpler and instant way of making payment for their purchases.' The Aani Instant Payments feature is integrated into the Mashreq Biz app, which provides SMEs access to a range of essential financial services on a single platform. The new addition simplifies the payment collection process and offers a secure, convenient option at no cost to the merchant. Andrew McCormack, Chief Operating Officer at Al Etihad Payments, commented: 'As demand for seamless, real-time payments continues to rise, Aani offers SMEs a powerful way to transact with greater ease and agility. By removing traditional barriers and enabling instant acceptance, Aani is not only enhancing business efficiency but is advancing financial inclusion and supporting the UAE's broader vision of a cashless, digitally empowered economy.' To request a payment, Mashreq SME clients log into the app, select 'Pay' followed by 'Collect Money', and a payment link or QR code is created. This can then be sent to the customer, offering a quick and secure method of completing transactions.
