Suzlon promoters sell 1.45% stake; Lalithaa Jewellery files for IPO

Tanti Holdings and three other promoter group entities sold 1.45 per cent stake in Suzlon on Monday. They sold 198.2 million shares at ₹66 apiece to raise ₹1,309 crore. Among the buyers were Motilal Oswal Mutual Fund, ICICI Prudential Life, Goldman Sachs, and Societe Generale. Shares of Suzlon closed at ₹67, up 0.6 per cent over previous close.
Lalithaa Jewellery files for ₹1,700 cr IPO
Jewellery player Lalithaa Jewellery Mart has filed preliminary papers with markets regulator Sebi seeking its approval to raise ₹1,700 crore through an initial public offering (IPO). The Chennai-based company's proposed IPO is a combination of a fresh issue of shares worth ₹1,200 crore and an offer-for-sale of equities valued at ₹500 crore by M Kiran Kumar Jain, according to the draft red herring prospectus. The issue includes a reservation for a subscription by eligible employees, and a discount is being offered to such employees. According to the draft papers filed on Friday, proceeds from the fresh issue to the tune of ₹1,014.50 crore will be used for setting up new stores, and a portion would be utilised for general corporate purposes.
Wipro shares worth ₹5,058 crore got traded among the promoter group entities under the block deal window on Monday. Data provided by stock exchanges showed Azim Premji Trust as the seller and Hasham Traders, Prazim Traders, and Prazim Trading & Investment as the buyers. A total of 202.3 million shares were traded at ₹250 apiece.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Economic Times

29 minutes ago

• Economic Times

Patil Automation set for NSE SME debut today. GMP hints at modest premium

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Pune-based Patil Automation is set to list on the NSE SME platform today after seeing overwhelming investor demand during its Rs 69.61 crore IPO . The issue was subscribed an impressive 101.42 times overall, driven by robust interest from non-institutional investors (NII) who bid 258 times their quota. Retail investors subscribed 44.77 times, while the Qualified Institutional Buyer (QIB) category was booked 82.92 of the listing, the grey market premium (GMP) for Patil Automation shares is hovering around ₹31, indicating a listing price of Rs 151 per share—nearly 26% higher than the issue price of Rs 120. While GMPs are unofficial and not always accurate indicators, the premium reflects positive sentiment among IPO consisted entirely of a fresh issue of 58 lakh shares. Anchor investors had pumped in Rs 19.81 crore ahead of the IPO opening, with 16.51 lakh shares allocated at the upper price band. The funds raised will be used primarily to set up a new manufacturing facility and repay a portion of the company's in 2015, Patil Automation provides automation and robotics solutions across industries including automotive, electronics, and general product range includes robotic welding systems, automated assembly lines, conveyor systems, and AI-based vision inspection systems. The company operates five facilities and has over 500 personnel including contractual FY25, the company posted a net profit of Rs 11.70 crore on a revenue of Rs 122 crore, with PAT margins at 9.91% and ROE at 27.28%. The IPO valued the firm at a post-issue P/E of around the strong subscription figures and current GMP, the listing is likely to be positive, though post-listing performance may depend on broader market trends and investor appetite for SME stocks.

Time of India

32 minutes ago

• Time of India

Patil Automation set for NSE SME debut today. GMP hints at modest premium

Pune-based Patil Automation is set to list on the NSE SME platform today after seeing overwhelming investor demand during its Rs 69.61 crore IPO . The issue was subscribed an impressive 101.42 times overall, driven by robust interest from non-institutional investors (NII) who bid 258 times their quota. Retail investors subscribed 44.77 times, while the Qualified Institutional Buyer (QIB) category was booked 82.92 times. Ahead of the listing, the grey market premium (GMP) for Patil Automation shares is hovering around ₹31, indicating a listing price of Rs 151 per share—nearly 26% higher than the issue price of Rs 120. While GMPs are unofficial and not always accurate indicators, the premium reflects positive sentiment among investors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Seniors Are Snapping Up This TV Box, We Explain! Techno Mag Learn More Undo The IPO consisted entirely of a fresh issue of 58 lakh shares. Anchor investors had pumped in Rs 19.81 crore ahead of the IPO opening, with 16.51 lakh shares allocated at the upper price band. The funds raised will be used primarily to set up a new manufacturing facility and repay a portion of the company's borrowings. Founded in 2015, Patil Automation provides automation and robotics solutions across industries including automotive, electronics, and general engineering. Its product range includes robotic welding systems, automated assembly lines, conveyor systems, and AI-based vision inspection systems. The company operates five facilities and has over 500 personnel including contractual workers. Live Events For FY25, the company posted a net profit of Rs 11.70 crore on a revenue of Rs 122 crore, with PAT margins at 9.91% and ROE at 27.28%. The IPO valued the firm at a post-issue P/E of around 22.4x. Given the strong subscription figures and current GMP, the listing is likely to be positive, though post-listing performance may depend on broader market trends and investor appetite for SME stocks.

New Indian Express

44 minutes ago

• New Indian Express

Congress high command has the final word

After politically low-key Harshvardhan Sapkal was recently appointed the Maharashtra Congress chief, many believed his 'closeness' with the high command may have had a major role in the appointment. Now, the same Sapkal is finding it difficult to place his 'confidants' at key posts in the state Congress unit. He recently decided to remove incumbent Maha Cong social media head Vishal Muttemwar and replace with his 'person of choice'. Here, Sapkal made an error; he went through with the decision without informing the national social media head and state incharge. Therefore, the file for appointing a new social media head is stuck in the corridors of Delhi. Shinde confidant returns to real estate business Dy CM Eknath Shinde's 'Man Friday', Thane-based developer Ajay Ashar, has decided to alienate from his political patron and focus on his sprawling real estate business. Ashar apparently had a key role in lifting Shinde to the CM's seat. He was among the main 'negotiators' with the BJP top brass and even shouldered the responsibilities of the high-cost 'takeover' in Maharashtra. As reward, Ashar was appointed as vice-chairman of Maharashtra Institute for Transformation (MITRA) – a financial planning body. But after Shinde was handed the second fiddle in the new govt, Ashar was removed from the role. Thus, Ashar has once again found time for his real estate ventures. CIDCO's 55th anniversary event goes overboard Maharashtra government's City and Industrial Development Corporation (CIDCO) recently celebrated its 55th Foundation Day, highlighting the organisation's global standards in urban planning and development. As part of the bash, several CIDCO higher-ups were reportedly provided 55gm gold value coins embossed with the 55th foundation day mark. The buzz was that these heavy coins were put on the CIDCO exchequer under different heads. Unfortunately, the CIDCO, in charge of the Navi Mumbai airport, is struggling to pay the salary of its own employees. The cash-rich board is allegedly being looted by its top officers by inflating local land prices. Sudhir Suryawanshi Our correspondent in Maharashtra