Latest news with #TataMutualFund
Time of India
30-07-2025
- Business
- Time of India
Tata Mutual Fund unveils a campaign to raise awareness about Index Funds
Tata Mutual Fund has unveiled the latest edition of its investor education campaign, ' Index Funds Simple Hai', strengthening its commitment to make index funds simpler and more accessible for a broad spectrum of investors – from first-time participants to experienced investors looking to explore simpler, transparent options as part of their investment journey. This new edition uses a character-driven storytelling approach to reinforce one simple message: investing in index funds is simple, smart, and accessible. As part of Tata Mutual Fund's ongoing ' Desh Kare Nivesh ' initiative, the 2025 campaign is rooted in everyday scenarios. Whether it's a local train market chatter, a confusion over fancy tea options, or friends debating what movie to watch, the campaign promotes three key benefits of index funds: match the market effortlessly, save on cost and invest hassle-free. The campaign aims to connect with a wide and growing audience of investors across urban India and Bharat — including men and women alike – who are taking greater ownership of their financial decisions . 'Index funds have established themselves as a smart and inclusive investment choice," said Prathit Bhobe, chief executive officer and managing director of Tata Asset Management . "With our latest campaign, we aim to simplify the complexities, raise awareness, and empower investors to make confident and informed decisions. The rapid growth in AUM of index funds is a testament to the category's increasing acceptance." This growth highlights the increasing appeal of index funds among Indian investors seeking simple and transparent options in building long-term wealth . Ashish Pawar, head – marketing, Tata Asset Management, added, 'Our aim with this campaign is to bring index funds into everyday conversations. The messaging is simple, yet sharp and the core content is relevant for anyone looking to make informed and efficient investment choices.' The campaign will be amplified through: Television and Connected TV (CTV) for broad awareness Digital platforms including social media platforms Regional content rollouts The campaign is conceptualised and executed by Sparkt Private. Watch the videos here:
Mint
30-07-2025
- Business
- Mint
Sri Lotus Developers IPO Day 1: Check GMP, issue details, review. Apply or not?
Sri Lotus Developers IPO: The initial public offering of Sri Lotus Developers, a real estate firm backed by Bollywood celebrities and prominent investor Ashish Kacholia, will open for subscription on Wednesday, July 30, and will close on Friday, August 1. The Sri Lotus Developers IPO price band has been established at ₹ 140-150 per share. On Tuesday, July 29, the company secured ₹ 237 crore from institutional investors in advance of its IPO opening for subscriptions. Among those who received shares in the anchor round are Tata Mutual Fund (MF), Mahindra Manulife MF, Nippon India MF, Nuvama Asset Management, HSBC MF, SBI MF, Citigroup Global Markets Mauritius, Nomura Singapore Ltd, and Future Generali India Life Insurance Co. Ltd, as stated in a circular posted on BSE's website. According to the circular, the real estate company has issued 1.58 equity shares to 16 funds at ₹ 150 each, bringing the total fundraising to ₹ 237 crore. The company, promoted by Anand Kamalnayan Pandit, specializes in real estate development, focusing on the construction of both residential and commercial properties in Mumbai, Maharashtra, particularly in ultra-luxury and luxury redevelopment projects in the western suburbs. As of June 30, 2025, the company has finished several projects, with 5 ongoing and 11 planned for the future. Subscription for the public issue will open at 10:00 IST during Wednesday's deals. Rajan Shinde, Research Analyst of Mehta Equities Ltd stated that Sri Lotus Developers and Realty IPO offers investors an opportunity to invest in a Mumbai-based real estate developer focused on the high-growth ultra-luxury and luxury housing segment, with a strong presence in redevelopment projects. According to Shinde, operating within a fragmented and fiercely competitive market, the company distinguishes itself as a specialized ultra-luxury developer with significant profit margins, even as it enters at a premium valuation. The involvement of prominent investors and Bollywood figures in the pre-IPO placement increases visibility while raising expectations. 'Taking all aspects into account, we advise long-term investors looking for selective exposure to Mumbai's high-end real estate sector to 'SUBSCRIBE' to the Sri Lotus Developers and Realty Ltd IPO,' said Rajan Shinde. As per SBICAP Securities, the firm intends to increase its footprint in various micro-markets in the southern and central parts of Mumbai, including Nepean Sea Road, Prabhadevi, and the eastern suburbs like Ghatkopar. The company operates on an asset-light model, which contributes to a robust balance sheet and a net debt-free position. Among its competitors, SLDRL achieves the highest EBITDA and PAT margins for FY25. The brokerage advises investors to SUBSCRIBE to the IPO at the specified cut-off price. Sri Lotus Developers IPO consists entirely of a new issuance of shares valued at ₹ 792 crore, with no component for Offer For Sale (OFS). The funds raised from this new issuance will be allocated towards investments in its subsidiaries—Richfeel Real Estate Pvt Ltd, Dhyan Projects Pvt Ltd, and Tryksha Real Estate Pvt Ltd—to partially finance the development and construction expenses of its ongoing projects, namely Amalfi, The Arcadian, and Varun. Additionally, a portion of the funds will be reserved for general corporate purposes. Monarch Networth Capital and Motilal Oswal Investment Advisors are serving as the lead managers for this public offering. Sri Lotus Developers IPO GMP today or grey market premium is +44. This indicates Sri Lotus Developers share price were trading at a premium of ₹ 44 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Sri Lotus Developers share price was indicated at ₹ 194 apiece, which is 29.33% higher than the IPO price of ₹ 150. 'Grey market premium' indicates investors' readiness to pay more than the issue price. In December, Sri Lotus Developers secured over ₹ 407 crore by issuing 2.66 crore shares through private placement. Among the investors, Bollywood legend Amitabh Bachchan bought approximately 6.7 lakh shares for ₹ 10 crore, while the Shah Rukh Khan Family Trust obtained around 6.75 lakh shares for ₹ 10.1 crore. Ashish Kacholia acquired 33.33 lakh shares for ₹ 50 crore. Among the other prominent investors are Hrithik Roshan, Rakesh Roshan, Tiger Jackie Shroff, Ektaa Kapoor, Tusshar Kapoor, and Jeetendra, also known as Ravi Amarnath Kapoor. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Time of India
10-07-2025
- Business
- Time of India
Smartworks raises ₹173.64 crore from anchor investors ahead of IPO
NEW DELHI: Smartworks Coworking Spaces has raised Rs 173.64 crore from anchor investors ahead of its initial public offer (IPO). In a regulatory filing on Wednesday, Smartworks finalised the allocation of 42,66,378 equity shares to anchor investors at Rs 407 per equity share. Out of the total allocation of 42,66,378 shares to the anchor Investors, 32.04 per cent were allocated to three domestic mutual funds, which have applied through a total of four schemes. These three domestic mutual funds are Tata Mutual Fund , Baroda BNP Paribas and Trust Mutual Fund . Other investors are Axis New Opportunities AIF - Series II, SBI General Insurance Company Ltd, Aditya Birla Sun Life Insurance Company Ltd, Buoyant Opportunities Strategy II, Societe Generale, among others. Smartworks Coworking Spaces will hit the capital market on July 10 to launch its IPO for raising nearly Rs 600 crore as the company intends to expand its business and reduce debt. Gurugram-based Smartworks, one of the leading managed flexible office space providers, currently has 48 operational co-working centres with over 1.9 lakh seating capacities. The company has fixed a price band of Rs 387-407 per share for its IPO, which will close on July 14. The size of the fresh issue has been reduced to Rs 445 crore from the earlier planned Rs 550 crore, while the Offer For Sale (OFS) by promoters has been cut to 33.79 lakh shares from 67.59 lakh shares. At the upper end of the price band, the company's IPO size is now estimated at Rs 583 crore, with a market valuation of about Rs 4,645 crore. Of the total proceeds from the fresh issue of shares, the company will use Rs 226 crore for capital expenditure related to the fit-outs in new centres and security deposits for these new centres. It will utilise Rs 114 crore for payment of loans, and the remaining funds will be used for general corporate purposes. The OFS proceeds will go to promoters. On the financial parameters, Smartworks has posted a net loss of Rs 63.17 crore in the last financial year due to higher expenses than income. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal from Rs 1,039.36 crore in the preceding year. "These losses were on account of our total income being lower than the expenses for the relevant fiscal," the company said in its red herring prospectus (RHP) filed with Sebi. The company would aim to increase revenue levels and decrease proportionate expenses to achieve profitability. Its total consolidated debt stood at Rs 382 crore at the end of April. Smartworks takes on lease office spaces from landlords and then sub-leases the areas to corporates. It has an operational portfolio of 8.31 million square feet area while 0.7 million square feet is under fit-outs. The company has taken on lease another 1.7 million square feet area from landlords, but it has not obtained possession to set up the centres. The total portfolio will cross 10 million square feet, including spaces under fit-outs and signed.
Entrepreneur
10-07-2025
- Business
- Entrepreneur
Smartworks Raises INR 174 Cr from Anchor Investors Ahead of IPO
Proceeds will be used to repay debt, fund capital expenditure, and cover general corporate expenses. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Smartworks Coworking Spaces Ltd has raised INR 174 crore from 13 anchor investors, allotting 42.7 lakh equity shares at INR 407 each ahead of its initial public offering (IPO). The largest portions of this anchor allotment were picked up by domestic institutions including Tata Mutual Fund, Axis New Opportunities AIF, Aditya Birla Sun Life Insurance, and Baroda BNP Paribas, which collectively accounted for nearly 48%. Notably, Tata Mutual Fund - Tata Small Cap Fund, Aditya Birla Sun Life Insurance, and others received the highest allocation of 11.89%, followed closely by Buoyant Opportunities Strategy-II, Sageone-Flagship Growth OE Fund, and SBI General Insurance Co., each receiving 10.89%. Founded in 2016, Smartworks offers customised, fully managed office spaces on long-term leases to enterprises. It operates in the flexible workspace segment and competes with the likes of WeWork India, Awfis, and Table Space. Smartworks transforms unused real estate into fully-equipped campuses featuring modern amenities tailored to support large corporates, multinationals, and startups alike. According to its red herring prospectus, the company currently operates 41 centers across 13 Indian cities, covering over 8 million square feet of space. In FY25, it reported a revenue of INR 1,374 crore, up from INR 1,039 crore in FY24. However, net losses widened to INR 62 crore in FY25 from INR 50 crore in FY24. The INR 583 crore IPO includes a fresh issue of INR 445 crore and an offer-for-sale of INR 137.56 crore. Proceeds will be used to repay debt, fund capital expenditure, and cover general corporate expenses. The IPO opens for public subscription from July 10 to July 14, 2025, with a price band of INR 387–INR 407 per share and a lot size of 36 shares. JM Financial, BOB Capital Markets, IIFL Securities, and Kotak Mahindra Capital are the lead managers, and Link Intime India Pvt Ltd is the registrar.
Time of India
09-07-2025
- Business
- Time of India
Smartworks raises Rs 173.64 cr from anchor investors ahead of IPO
Smartworks Coworking Spaces has raised Rs 173.64 crore from anchor investors ahead of its initial public offer ( IPO ). In a regulatory filing on Wednesday, Smartworks finalised the allocation of 42,66,378 equity shares to anchor investors at Rs 407 per equity share. Out of the total allocation of 42,66,378 shares to the anchor Investors, 32.04 per cent were allocated to three domestic mutual funds, which have applied through a total of four schemes. These three domestic mutual funds are Tata Mutual Fund, Baroda BNP Paribas and Trust Mutual Fund. Other investors are Axis New Opportunities AIF - Series II, SBI General Insurance Company Ltd, Aditya Birla Sun Life Insurance Company Ltd, Buoyant Opportunities Strategy II, Societe Generale, among others. Live Events Smartworks Coworking Spaces will hit the capital market on July 10 to launch its IPO for raising nearly Rs 600 crore as the company intends to expand its business and reduce debt. Gurugram-based Smartworks, one of the leading managed flexible office space providers, currently has 48 operational co-working centres with over 1.9 lakh seating capacities. The company has fixed a price band of Rs 387-407 per share for its IPO, which will close on July 14. The size of the fresh issue has been reduced to Rs 445 crore from the earlier planned Rs 550 crore, while the Offer For Sale (OFS) by promoters has been cut to 33.79 lakh shares from 67.59 lakh shares. At the upper end of the price band, the company's IPO size is now estimated at Rs 583 crore, with a market valuation of about Rs 4,645 crore. Of the total proceeds from the fresh issue of shares, the company will use Rs 226 crore for capital expenditure related to the fit-outs in new centres and security deposits for these new centres. It will utilise Rs 114 crore for payment of loans, and the remaining funds will be used for general corporate purposes. The OFS proceeds will go to promoters. On the financial parameters, Smartworks has posted a net loss of Rs 63.17 crore in the last financial year due to higher expenses than income. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal from Rs 1,039.36 crore in the preceding year. "These losses were on account of our total income being lower than the expenses for the relevant fiscal," the company said in its red herring prospectus (RHP) filed with Sebi. The company would aim to increase revenue levels and decrease proportionate expenses to achieve profitability. Its total consolidated debt stood at Rs 382 crore at the end of April. Smartworks takes on lease office spaces from landlords and then sub-leases the areas to corporates. It has an operational portfolio of 8.31 million square feet area while 0.7 million square feet is under fit-outs. The company has taken on lease another 1.7 million square feet area from landlords, but it has not obtained possession to set up the centres. The total portfolio will cross 10 million square feet, including spaces under fit-outs and signed.
