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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)
Economic Times
30-07-2025
- Business
- Economic Times
Parth Electricals and Engineering IPO opens August 4; price band set at Rs 160–170
Parth Electricals & Engineering Ltd is launching its IPO from August 4–6 with a price band of Rs 160–170. The issue includes reservations for employees and market makers. Shares will list on NSE Emerge. The company, established in 2007, provides electrical and engineering services and recently became a public limited entity. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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)
News18
24-07-2025
- Business
- News18
SEBI Likely To Ease Minimum Dilution Norms For Large IPOs: Report
Last Updated: The Securities and Exchange Board of India (SEBI) is reportedly considering a proposal to ease IPO norms for large companies IPO Rule Change: The Securities and Exchange Board of India (SEBI) is reportedly considering a proposal to ease IPO norms for large companies, potentially allowing them to go public with smaller issue sizes and reduced stake dilution. According to a report by Moneycontrol, this move aims to simplify the listing process for well-established, cash-rich companies that may not require significant capital from the public markets. SEBI is evaluating a plan to lower the initial dilution requirement for such companies to 2.5 percent plus Rs 2,500 crore, Moneycontrol quoted a source as saying. 'This change could offer more flexibility to promoters and existing shareholders, especially when the company does not need to raise a large amount of capital through the IPO," the source said. This proposal is part of SEBI's broader initiative to enhance the Ease of Doing Business and make the IPO route more practical, especially for large corporate groups and public sector undertakings (PSUs). A second source familiar with the discussions told Moneycontrol, 'The idea has been discussed internally and may soon be released as a consultation paper for public feedback." As part of the overhaul, the market regulator is also looking at revising the current market capitalisation slabs used to determine minimum offer sizes. Under current norms, companies with a post-issue market cap between Rs 4,000 crore and Rs 1,00,000 crore must adhere to specific dilution thresholds. SEBI may raise the lower end of this range to Rs 50,000 crore, the report said. Currently, companies valued at over Rs 1,00,000 crore after an IPO are required to dilute at least 5 percent and reach 10 percent public shareholding within two years, eventually increasing to 25 percent within five years of listing. These rules were last revised in June 2021. Industry stakeholders have argued that these requirements force companies with strong balance sheets—especially PSUs and profitable private entities—to float large IPOs even when they do not need fresh capital. 'Public sector undertakings (PSUs) have also faced challenges under these rules, as they may not need fresh capital but are still expected to meet strict public shareholding norms," a source told Moneycontrol. 'These constraints have prompted SEBI to review the existing framework and explore more practical options." Another concern raised is the negative investor sentiment that often follows news of forced stake dilution. 'When investors learn that a company is required to offload a certain percentage of its stake to meet minimum public shareholding norms, it can lead to a drop in the stock price—even when there is no change in the company's financials," a second source noted. As it stands, under the Securities Contracts (Regulation) Rules, 1957, companies with post-IPO market capitalisation: Above Rs 1,00,000 crore must dilute 5% at IPO and Rs 5,000 crore more later, Between Rs 4,000 crore and Rs 1,00,000 crore must dilute at least 10% at IPO and reach 25% public shareholding in three years, Between Rs 1,600 crore and Rs 4,000 crore must achieve 25% public shareholding in three years, and At or above Rs 1,600 crore must dilute 25% overall. view comments 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
10-07-2025
- Business
- Mint
Waaree Energies share price gains on launching OFS to sell 2.4% stake in arm Indosolar; up 9% in 2 sessions
Shares of Waaree Energies continued their upward momentum on Thursday, July 10, gaining nearly 2 percent in intraday trade. The rise marked the second consecutive session of gains for the solar solutions major, driven by the company's announcement to divest a part of its stake in Indosolar Ltd. The move aims to align with the minimum public shareholding (MPS) requirement mandated by market regulators, further strengthening compliance and transparency. Waaree Energies, the promoter entity of Indosolar Ltd, announced its plan to sell 10 lakh equity shares, equivalent to 2.4 percent of Indosolar's total issued and paid-up capital. The sale will be conducted via the offer-for-sale (OFS) route on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) over two days—July 10 and 11, 2025. As per Indosolar's regulatory filing, this OFS is being undertaken to fulfill the requirements under Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957, and SEBI's Listing Obligations and Disclosure Requirements (LODR). The floor price for the OFS has been set at ₹ 265 per share. Notably, no retail discount will be offered. Promoters currently hold 96.15 percent in Indosolar, while public shareholders own just 3.85 percent as of March 31, 2025. To ensure regulatory compliance, the OFS will help broaden public shareholding. Antique Stock Broking Limited has been appointed as the broker for the offer, with BSE acting as the designated exchange for the transaction. The bidding window will remain open during normal market hours (9:15 a.m. to 3:30 p.m.) on both days. Of the total shares on offer, 10 percent is reserved for retail investors, while a minimum of 25 percent is earmarked for mutual funds and insurance firms, subject to valid bids. Allocation will follow a price-priority basis, and retail investors may opt to bid at the cut-off price derived from non-retail demand. Beyond the OFS announcement, investor confidence in Waaree Energies has been bolstered by strong order inflows from international markets. In June 2025, the company announced a fresh order for 599 megawatts (MW) of solar modules in the U.S., adding to an earlier 586 MW order. The cumulative order inflow now stands at over 1,200 MW in Q1 of FY26. The orders have been secured through Waaree's U.S.-based subsidiary, Waaree Solar Americas Inc. The company said in a statement, 'Waaree Solar Americas Inc secures 599 MW order in the US, surpassing 1,200 MW+ in new deals for FY25-26 Q1, underscoring resilience and growing momentum in the American market.' Waaree Energies also reported robust financials for the March quarter of FY25. The company's net profit more than doubled to ₹ 648.49 crore, driven by higher sales and improved operational efficiency. Revenue for the quarter came in at ₹ 4,140.92 crore, marking a 37.69 percent year-on-year (YoY) increase. On a full-year basis, the company reported a PAT of ₹ 1,932.15 crore for FY25, up 107.08 percent YoY. Annual revenue stood at ₹ 14,846.06 crore, reflecting a growth of 27.62 percent compared to FY24. Following the twin triggers of the OFS announcement and robust business updates, Waaree Energies' stock rose around 2 percent on Thursday, touching an intraday high of ₹ 3,180.50. This comes after a 5 percent rally in the previous session, taking the two-day gain to nearly 9 percent. Despite the recent rally, the stock remains about 15 percent below its 52-week high of ₹ 3,740.75, touched in November 2024. It had hit a 52-week low of ₹ 1,808.65 in April 2025. Year-to-date, the scrip has gained 10 percent, with five months of positive returns out of seven. 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.
Economic Times
10-07-2025
- Business
- Economic Times
Waaree Energies shares jump 2% on launching OFS to offload 2.4% stake in subsidiary
OFS Details: Sale Size: 10,00,000 equity shares of face value Rs 10 each 10,00,000 equity shares of face value Rs 10 each Non-Retail Investor Bidding Date (T-Day): July 10, 2025 July 10, 2025 Retail Investor Bidding Date (T+1 Day): July 11, 2025 Live Events Waaree Energies share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Waaree Energies jumped 1.9% to their intraday high of Rs 3,179 on the BSE on Thursday, following the company's announcement of an Offer for Sale (OFS) of 10,00,000 equity shares of its subsidiary Indosolar Ltd. According to the official notification, the OFS represents 2.40% of Indosolar Limited's total issued and paid-up move is aimed at achieving the Minimum Public Shareholding MPS ) requirements stipulated by seller, Waaree Energies, will carry out the OFS exclusively through its broker via a separate trading window provided by the exchanges. The OFS is being undertaken to bring Indosolar's public shareholding in line with Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of the SEBI LODR Stock Broking will serve as the seller's broker for the transaction. The bidding process will be conducted during regular trading hours, from 9:15 a.m. to 3:30 p.m. on both days, via separate offer for sale windows on the BSE and NSE, with the BSE designated as the lead stock of Waaree Energies has delivered a 9.05% return year-to-date (YTD), while it has gained 20.02% over the past 6 months. In the last 3 months, the stock surged 45.32%, and in the most recent 1-month period, it rose by 11.18%.The shares of Waaree Energies closed 1.7% higher at Rs 3,119.60 on the BSE on Wednesday.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
