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India.com
2 days ago
- Business
- India.com
This company raises over Rs 416 crore via equity shares, warrants
बाजार को सता रहा और भी ज्यादा गिरावट का डर Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, on Wednesday announced the completion of its preferential allotment of equity shares and convertible warrants, raising a total of over Rs 416 crore. The allotments were made to promoter group, Non-Executive Director Aditya Kumar Halwasiya and LIC Mutual Fund. In a statement, the company said the preferential issue involved 2. 70 crore equity shares allotted at Rs 114 each, aggregating to Rs 308 crore along with 3. 80 crore convertible equity warrants issued at the same price, with 25 per cent upfront subscription, aggregating to Rs 108. 5 crore in initial proceeds. An additional Rs 325. 50 crore is anticipated within six months as the rest 75 per cent of the convertible warrants' proceeds. As part of the preferential issue, the promoter group has subscribed to 1. 68 crore convertible equity warrants. Halwasiya was allotted 15 lakh shares and an additional 15 lakh convertible equity warrants and LIC Mutual Fund participated with an allotment of 26. 31 lakh shares. The capital raised will be deployed towards growth initiatives, working capital requirements, and strengthening the company's innovation capabilities in high-tech and mission-critical solutions.
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Business Standard
2 days ago
- Business
- Business Standard
Apollo Micro Systems raises over Rs 416 cr via equity shares, warrants
Apollo Micro Systems, a leading technology-driven firm in the aerospace, defence, and homeland security sectors, on Wednesday announced the completion of its preferential allotment of equity shares and convertible warrants, raising a total of over Rs 416 crore. The allotments were made to promoter group, Non-Executive Director Aditya Kumar Halwasiya and LIC Mutual Fund. In a statement, the company said the preferential issue involved 2.70 crore equity shares allotted at Rs 114 each, aggregating to Rs 308 crore along with 3.80 crore convertible equity warrants issued at the same price, with 25 per cent upfront subscription, aggregating to Rs 108.5 crore in initial proceeds. An additional Rs 325.50 crore is anticipated within six months as the rest 75 per cent of the convertible warrants' proceeds. As part of the preferential issue, the promoter group has subscribed to 1.68 crore convertible equity warrants. Halwasiya was allotted 15 lakh shares and an additional 15 lakh convertible equity warrants and LIC Mutual Fund participated with an allotment of 26.31 lakh shares. The capital raised will be deployed towards growth initiatives, working capital requirements, and strengthening the company's innovation capabilities in high-tech and mission-critical solutions.
Mint
19-05-2025
- Business
- Mint
Block deals stage a comeback, defying IPO lull, volatility
Block deals are making a comeback, offering much-needed relief to India's equity capital markets amid an ongoing lull in initial public offerings (IPOs) and heightened volatility, according to experts. In just the first 15 days of May, investors executed 12 block deals worth ₹3,541.97 crore compared with only five deals aggregating ₹506.37 crore in April, according to data from Prime Database. Last week alone, nearly six large transactions took place; Antfin sold 4% stake in Paytm, General Atlantic divested 6.9% in KFin Technologies, and Singapore Telecommunications Ltd offloaded 1% stake to Bharti Airtel. Sajjan Jindal Family Trust also plans to sell shares worth up to ₹1,200 crore in JSW Infrastructure through a block deal in the coming days, according to media reports. 'This has been on account of a rebound in market sentiment and geopolitical de-escalation and supported by close to $3 billion in FII net inflows this quarter, along with steady DII participation, signaling renewed investor confidence," said Gaurav Sood, managing director and head, equity capital markets at Avendus Capital, an investment banking firm. Also read | Sebi seeks to streamline QIP disclosures but experts flag legal hurdles Global tailwinds are also contributing to this rebound. The US has dialled back aggressive tariff policies and is working to resolve trade tensions with its key partners. 'With the US now working to finalize trade treaties with its largest trade partners has eased this tension on the markets, which has been one of the factors that has led to a rebound in Indian equities," said Abhimanyu Bhattacharya, partner at Khaitan & Co., a law firm advising on ECM deals. The expiry of lock-in periods for recently listed companies is expected to push more block trades into the market. Large investors may now look to encash stakes in startups and tech companies listed in 2023. Recently listed online food delivery player Swiggy's six-month lock-in period for non-promoter, pre-IPO shareholders expired on 12 May. Read this | From drought to revival: Are QIPs paving the way for new listings? 'The volume of IPOs last calendar year (~$20 billion) will see lock-up expiry, which will provide supply of block deal paper," said Mahesh Natarajan, managing director and head, ECM, Nomura. He added that several companies that adjusted their IPO sizes—both in the primary and secondary markets—are likely to return to the market once their lock-in periods end. Bankers believe block trades act as leading indicators of a broader revival in ECM activity. Block deals are faster to execute, offer immediate liquidity, and provide clear pricing—especially when there is strong institutional interest. In comparison, IPOs demand deeper investor scrutiny and have seen lukewarm traction in recent times. Qualified institutional placements (QIPs), on the other hand, remain a flexible tool as they are largely opportunistic and driven by company-specific funding requirements. 'Unlike block trades, IPOs/QIPs typically have a slightly longer lead time due to regulatory requirements," explained Chirag Negandhi, MD, JM Financial. With the recent market uptick, he anticipates a wave of ECM launches to gain traction. Also read | QIPs by state-owned banks: A push for compliance but little upside for investors Since its September peak till the end of April, the Nifty 50 has slipped 7%. Meanwhile, the market's fear gauge-India VIX-has surged 52%, signalling a sharp rise in market volatility and investor unease. Since the beginning of May, Nifty 50 has recovered 3% of those losses and is now down 4.6% since the September peak. Owing to the volatility, over the past quarter IPO activity has slowed even as a number of companies have taken steps for a public listing in the near term. Since then, the public markets have seen some recovery. Law firms advising on capital market deals say IPO and QIP pipelines remain soft, but strong block deal momentum could turn the tide if markets stay stable over the next few months. 'The other segments, including IPOs and QIPs, have been slower over the last few months due to the correction in the market. If there is an upward movement and stability demonstrated, all ECM categories may eventually see upward traction," said Birbahadur Sachar, partner, JSA Advocates & Solicitors. Read this | FII game plan: Sell stocks for profit, bet on IPOs, discounted QIPs, block deals Amit Ramchandani, managing director and chief executive officer, investment banking, Motilal Oswal Financial Services, believes, 'Block deals increase after companies declare results as many of these deals are done by insiders who are prohibited to sell the stock after quarter end till declaration of results". He added that key concerns—whether related to Pakistan, tariffs, or foreign investment flows—have now been addressed. And with strong scale and growth potential, India is well-positioned to attract capital.
Mint
29-04-2025
- Business
- Mint
Kenrik Industries IPO booked 21% on Day 1 so far, retail portion subscribed 39%; check GMP, subscription status, more
Kenrik Industries IPO has opened for subscription today (Tuesday, April 29) and will close on Friday, May 2. Kenrik Industries IPO price band has been fixed at ₹ 25 per equity share of face value of ₹ 10 each. Bids can be made for a minimum of 6,000 equity shares and in multiples of 6,000 equity shares thereafter. Established in 2017, Kenrik Industries Limited specializes in the design and distribution of traditional Indian jewellery. The company's offerings include handmade gold jewellery adorned with precious and semi-precious stones, such as diamonds, rubies, and cubic zirconia. Kenrik Industries boasts a broad portfolio that features rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery. These products are tailored to fulfill specific customer needs and are produced on a job-work basis at the company's facility situated in Ahmedabad, Gujarat. Currently, Kenrik Industries functions under a Business-to-Business (B2B) model, serving clients in high-end, mid-market, and value market segments. The company places a strong focus on quality control, inventory management, and business development, ensuring that all jewellery comes with BIS Hallmark certification. As per the red herring prospectus (RHP), the company's listed peers are Veerkrupa Jewellers Ltd (with a P/E of 4.06), Motisons Jewellers Ltd (with a P/E of 38.68), and Khazanchi Jewellers Ltd (with a P/E of 28.15). Kenrik Industries IPO subscription status is 21%, on day 1, so far. The retail portion was subscribed 39%, and NII portion was booked 2%. The company has received bids for 6,90,000 shares against 33,18,000 shares on offer, at 14:24 IST, according to data on Kenrik Industries IPO consists of a fresh issue of 34,98,000 equity shares, aggregating to ₹ 8.75 crore. There's no offer for sale (OFS) component. Kenrik Industries plans to use the net proceeds from its IPO for several purposes, including fulfilling working capital needs and covering general corporate expenses. Turnaround Corporate Advisors Private Limited serves as the book-running lead manager for the Kenrik Industries IPO, whereas Skyline Financial Services Private Ltd functions as the registrar for this issue. The market maker for the Kenrik Industries IPO is Mnm Stock Broking Private Limited. Kenrik Industries IPO GMP or grey market premium was ₹ 0, which meant shares were trading at their issue price of ₹ 25 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 above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision. First Published: 29 Apr 2025, 02:37 PM IST
Yahoo
09-04-2025
- Business
- Yahoo
Locus Technologies Reaches PFAS Tracking Milestone with 3 Million Records
Becomes Largest Real-time Database of Global PFAS Records from Nearly 40,000 Locations MOUNTAIN VIEW, Calif., April 09, 2025 (GLOBE NEWSWIRE) -- Locus Technologies, the leader in sustainability and Environmental Health and Safety (EHS) compliance software, announced that as of today, Locus clients have collectively contributed 3,000,000 validated Per- and Polyfluoroalkyl Substances (PFAS) records to the company's environmental database, making it the most extensive real-time, aggregated global analytical and geospatial PFAS information source. The records are secured in Locus's sophisticated, multitenant SaaS database. Locus's expansive PFAS dataset includes all 430 chemicals identified in the US Environmental Protection Agency (EPA) PFAS inventory, collected from 38,553 global sites, predominantly in the United States. By combining advanced geographic information system (GIS) tools and artificial intelligence (AI)-driven analytics, Locus provides unmatched capabilities for identifying contamination sources, tracking environmental accumulations in water, soil, and living organisms, and visualizing critical "hot spots" for strategic remediation. "This milestone underscores our commitment to advancing environmental safety through technology innovation," said Neno Duplan, founder and CEO of Locus Technologies. "Our multitenant SaaS infrastructure uniquely positions Locus as the only platform capable of aggregating, analyzing, and reporting critical PFAS data in real-time. With three million records, we've reached an unprecedented capability for understanding and managing this global health threat." Locus Technologies' multitenant SaaS platform enables individual organizations to securely manage and report their PFAS sampling data and compliance requirements while gaining broader insights from aggregated data. The company's unique software architecture empowers clients to stay ahead of stringent regulatory frameworks, including emerging EU directives and global ESG reporting demands, while ensuring the absolute privacy of their proprietary information. 'Emerging research indicates the PFAS health crisis will be more significant than Asbestos, lead, and tobacco combined. Empowering organizations to effectively track and manage this data is imperative,' said Duplan. By leveraging the real-time analytical power of Locus, utilities, government agencies, and enterprises can proactively manage PFAS risks, streamline regulatory compliance, and safeguard public health and environmental ecosystems worldwide. To learn more about Locus Technologies, please visit About Locus TechnologiesLocus Technologies, the global environmental, social, governance (ESG), sustainability, and EHS compliance software leader, empowers companies of every size and industry to be credible with ESG reporting. From 1997, Locus pioneered enterprise software-as-a-service (SaaS) for EHS compliance, water management, and ESG credible reporting. Locus apps and software solutions improve business performance by strengthening risk management and EHS for organizations across industries and government agencies. Organizations ranging from medium-sized businesses to Fortune 500 enterprises, such as Sempra, Corteva, Chevron, DuPont, Chemours, San Jose Water Company, The Port Authority of New York and New Jersey, Port of Seattle, and Los Alamos National Laboratory, have selected Locus. Locus is headquartered in Mountain View, California. For further information regarding Locus and its commitment to excellence in SaaS solutions, please visit or email info@ Media Contact:Brenda MahedyLocus Technologiesmedia@ in to access your portfolio
