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Bloomberg Quint
4d
24
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Happiest Minds - $1 Billion Revenue Aspiration By 2031: Nirmal Bang
- Happiest Minds aims to achieve $1 billion in revenue by 2031, according to Nirmal Bang.
- Basis consensus expectations, Happiest Minds trades at a reasonable valuation of 35x/28x on FY26E/FY27E EPS of Rs 21/Rs 26, respectively, says Nirmal Bang.
- The company has been successful in increasing average revenue per active client, which contributes to a positive outlook.
- NDTV Profit offers quality and in-depth equity and economy research reports from top brokerages, providing subscribers an opportunity to enhance their understanding of companies and sectors.
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Bloomberg Quint
4d
254
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Linc Shares Tumble Nearly 10% On Bonus Allotment To Shareholders
- Shares of Linc Ltd. dropped nearly 10% after the company allotted 2.97 crore bonus shares to its shareholders.
- The bonus shares were allotted in a 1:1 ratio, resulting in a downward adjustment of the share price.
- The company aims to enhance liquidity and make equity shares more affordable for retail investors.
- Linc's stock fell by 9.4% during the day, trading at Rs 178.5 apiece on the NSE.
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VIE Stories
4d
44
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SustVest has Secured $1.7 Million in Pre-Series A Round Funding
- Sustainable investment platform SustVest has raised $1.7 million in pre-Series A round funding.
- The funding round was led by Inflection Point Ventures and Antler, with participation from other investors.
- The funds will be utilized for acquiring solar projects, scaling marketing efforts, strengthening operations, and covering legal expenses.
- SustVest specializes in sustainable investments in renewable energy and has achieved significant milestones in terms of assets under management and carbon emissions savings.
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Bloomberg Quint
4d
266
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Stocks To Buy: Tata Steel, JSW Steel Among ICICI Securities' Bets In Steel Sector
- ICICI Securities believes the uptick in HRC prices is unlikely to be as much as safeguard duty being on imports as the primary endeavour of steel companies would be to maintain their market share.
- DGTR has initiated the investigation of safeguard provisions pertaining to imports of non-alloy and alloy steel flat products into India.
- NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies.
- Subscribe to NDTV Profit to get access to curated newsletters, research reports, priority pass to special events, and more.
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Bloomberg Quint
4d
323
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Mamata Machinery IPO: Check GMP, Day 3 Subscription Status, Price Band And More
- Mamata Machinery Ltd.'s IPO has been subscribed 47.65 times so far.
- The grey market premium of Mamata Machinery IPO is Rs 260, indicating a potential listing at Rs 503 apiece.
- The price band for the IPO is set at Rs 230 to Rs 243 per share.
- Promoters and selling shareholders will offer a total of 73.8 lakh shares through the offer for sale.
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Bloomberg Quint
4d
202
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Sanathan Textiles IPO: Check GMP, Day 3 Subscription Status, Price Band And More
- Sanathan Textiles IPO was subscribed 1.43 times on day two and 0.45 times on its first day.
- The Sanathan Textiles IPO has a price band of Rs 305-Rs 321 per share.
- The estimated listing price based on the Grey Market Premium (GMP) is Rs 361 per share.
- The IPO consists of a fresh issue of Rs 400 crore and an offer for sale of Rs 150 crore.
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Bloomberg Quint
4d
28
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Senores Pharmaceuticals IPO: Check GMP, Day 2 Subscription Status, Price Band And More
- Senores Pharmaceuticals Ltd. IPO has a price band of Rs 372 to Rs 391 per share.
- On Day 2 of subscription, the IPO has been subscribed 2.56 times as of 10:21 a.m.
- The grey market premium (GMP) for Senores Pharmaceuticals is Rs 215 as of 9:29 a.m.
- The estimated listing price based on GMP is Rs 606 per share, implying a premium of 54.99%.
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Bloomberg Quint
4d
48
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Unimech Aerospace IPO: Check GMP, Day 1 Subscription Status, Price Band And More
- The Unimech Aerospace and Manufacturing IPO subscribed 9% on Day 1 of bidding, so far.
- The price band for the IPO is between Rs. 745 and Rs. 785 per share.
- The grey market premium of Unimech Aerospace IPO is Rs. 480 as of Dec 23.
- Anand Rathi Advisors Ltd and Equirus Capital Pvt. are the book-running lead managers to the issue.
- Unimech Aerospace reported a nearly two-fold rise in net profit at Rs 58.10 crore for the last financial year and its revenue was up 122% to Rs 478 crore.
- The proposed public offering consists of a fresh issue of Rs 250 crore and an offer-for-sale component of Rs 250 crore.
- The IPO has been subscribed 0.09 times as of 10:27 a.m on the first day.
- Net proceeds from the issue, amounting to Rs 32.5 crore, will be used for funding capital expenditure for expansion through purchase of machinery and equipment.
- Unimech Aerospace is a Bengaluru-based leading manufacturer of complex tooling, mechanical assemblies, electro-mechanical turnkey systems, and precision components for clients in the aerospace, energy and semi-conductor industries.
- The equity shares are proposed to be listed on both Bombay Stock Exchange and National Stock Exchange.
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Bloomberg Quint
4d
214
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Concord Enviro Systems IPO: Check GMP, Day 3 Subscription Status, Price Band And More
- Concord Enviro Systems' IPO has been subscribed 1.24 times on its second day, led by demand from retail investors
- The grey market premium of Concord is at Rs 50 as of 8:55 a.m
- The book building offer was subscribed 59% on its first day of bidding, with only the retail portion fully subscribed
- The IPO price band is set between Rs 665 and Rs 701 per share with a market value of Rs 1,451 crore
- Concord Enviro Systems is a global provider of water and wastewater treatment and reuse solutions, including zero-liquid-discharge technology
- The IPO is supposed to fund subsidiaries for greenfield and brownfield projects, growing pay-per-use and pay-as-you-treat business along with technology
- Motilal Oswal Investment Advisors Ltd. and Equirus Capital Pvt. are the lead book running managers
- The capacity utilisation has been low
- The business derives more than 50% of its revenue from the top 10 customers
- The Concord Enviro Systems IPO has been subscribed 1.87 times as of 11:14 a.m
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Bloomberg Quint
4d
76
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DAM Capital Advisors IPO: Check GMP, Day 3 Subscription Status, Price Band And More
- The DAM Capital Advisors IPO was subscribed 6.98 times on the second day, and 2.75 times on the first day.
- The offer consists purely of an offer-for-sale component and the price band is set in the range of Rs 269 to Rs 283 per share.
- The grey market premium of DAM Capital Advisors IPO was Rs 160 as of 08:29 a.m.
- The company provides financial solutions in areas of merchant banking and reported a six-fold rise in net profit at Rs 70.52 crore in the last financial year.
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Bloomberg Quint
4d
145
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UltraTech Cement Share Price Snaps Five-Day Fall On CCI's Nod To Acquire Stake In India Cements
- UltraTech Cement's share price snapped a five-day losing streak as it received an unconditional approval from the Competition Commission of India to acquire stakes in India Cements Ltd.
- After the acquisition, UltraTech Cement's total holding in India Cements Ltd. will be 55.5%.
- Citi Research maintained its 'Buy' rating on UltraTech Cement's stock with a target price of Rs 12,500 per share.
- UltraTech Cement's share price rose 1.40% to Rs 11,582.45 apiece, the highest level since December 20.
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Bloomberg Quint
4d
278
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All India Weather Forecast Today: Heavy Rainfall, Cold Wave Warning Issued For These Places For Next 3-5 Days
- The India Meteorological Department (IMD) has issued warnings for heavy rainfall and snowfall in several states across the country.
- A low-pressure area in the Bay of Bengal and two western disturbances in the northwest will bring rainfall and snowfall over the next three to five days.
- Coastal Andhra Pradesh, Odisha, north coastal Tamil Nadu, and Puducherry are expected to receive heavy rainfall, while other regions will experience light to moderate rainfall.
- Cold wave conditions are predicted in Himachal Pradesh, Jammu and Kashmir, Ladakh, Gilgit-Baltistan, and Muzaffarabad, along with dense fog warnings in several states.
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VIE Stories
4d
1.2k
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Founders Of Zomato and Zerodha Back Aakash Chaudhry’s edtech Sparkl
- Aakash Chaudhry's edtech startup Sparkl Edventure has gained support from Deepinder Goyal of Zomato and Nithin Kamath of Zerodha.
- Kamath's Rainmatter and Goyal are participating in a $4 million seed funding round for Sparkl.
- Sparkl offers one-on-one online tutoring for students in grades 6 to 12, focusing on IB and Cambridge curricula.
- Unlike Aakash Educational Services Ltd. (AESL), Sparkl is a fully online platform offering tailored, personalised content.
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Bloomberg Quint
4d
282
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Transrail Lighting IPO: Check GMP, Day 3 Subscription Status, Price Band And More
- The Transrail Lighting IPO has been subscribed 6.72 times as of Day 3 of bidding after being fully subscribed.
- The grey market premium for the Transrail Lighting IPO stood at Rs 180 as of 8:25 a.m., putting the estimated listing price at Rs 612.
- The company will offer fresh shares, along with a promoter—Ajanma Holdings Pvt.—offloading shares through the maiden public offer.
- Transrail Lighting has already carried out a pre-IPO placement worth Rs 50 crore to Volrado Venture Partners Fund IV Gamma, Shyamsundar B. Asawa, Saurabh Sanjay Agrawal, and Divyam Sanjay Agrawal, at a price of Rs 484 per share.
- The minimum bid quantity for the IPO is 34 shares, and it is open for subscription from 19th to 23rd December.
- Net proceeds from the fresh issue, excluding the Rs 50 crore pre-IPO placement, will be used to fund incrementally working capital requirements and further capital expenditure.
- Transrail Lighting is an engineering, procurement and construction company, primarily focused on transmission and distribution business.
- As of June 2024, the company has undertaken EPC projects spanning 34,654 circuit km transmission lines and 30,000 CKM distribution lines in 58 countries.
- The Indian market accounted for Rs 449.46 crore of its revenue in the June quarter, while Rs 447.44 crore came from abroad.
- Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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VIE Stories
4d
432
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VC Accel Nears Close Of Its 8th India Fund At $650 Mn
- Accel India has raised $650 million for its eighth fund, while Accel's global growth fund has raised $1.35 billion.
- The funds will be used to support Indian startups in their pre-IPO stages and increase investments in new and existing companies.
- Accel's total investments in India will approach $3 billion, indicating a more active approach to deploying capital.
- Accel has been an active investor in India since 2008, with investments in companies like Flipkart and Swiggy.
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