Latest news with #AnubhavMukherjee
Mint
a day ago
- Business
- Mint
Arisinfra Solutions IPO subscribed 1.32 times on Day 2; Check latest GMP, subscription status, other details
Mumbai-based construction materials provider Arisinfra Solutions' initial public offering (IPO) received a moderate response on the second day of the public subscription. The public issue was booked 1.32 times as of the second day of the bidding rounds on Thursday, 19 June 2025. Arisinfra Solutions IPO through a book-built issue is offering an entirely fresh issue of 2,25,04,324 or over 2.25 crore equity shares as the company aims to raise nearly ₹ 499.60 crore from the stock markets. Out of the three investor segments, the retail investor portion was subscribed the most. Investors oversubscribed three times with a total of 71,30,140 or 71.30 lakh bids, compared to the 23,79,028 or 23.79 shares on offer. The Non-Institutional Investors (NIIs) came in second with 1.39 times subscription as investors booked a total of 49,46,878 or 49.46 lakh equity shares, compared to the 35,68,542 or 35.68 lakh shares on offer. The Qualified Institutional Buyers (QIBs) segment received the least subscription out of the three segments as of the end of the second day. The QIB portion was booked 73 per cent of the total offer, as investors bid for 52,26,067 or 52.26 lakh shares, compared to the 71,37,086 or 71.37 lakh shares on offer. As of 19 June 2025, the grey market premium (GMP) of Arisinfra Solutions IPO stood at ₹ 22 per share as of the end of the second day of bidding. With the upper price band of the public issue at ₹ 222, the shares are expected to be listed in the Indian stock market at ₹ 244, with a premium of 9.91 per cent, according to data collected from The Grey Market Premium (GMP) is an indicator of investors' willingness to subscribe to a primary issue. On 19 June 2025, it dropped by ₹ 3 to its current level of ₹ 22 per share. Arisinfra Solutions IPO is offering an entirely fresh issue of 2,25,04,324 or over 2.25 crore equity shares as the company aims to raise nearly ₹ 499.60 crore. There is no offer-for-sale (OFS) component for this IPO. The company fixed the price band for the public issue in the range of ₹ 210 to ₹ 222 per equity share with a lot size of 67 shares per lot. The issue opened for bidding on Wednesday, 18 June 2025, and is scheduled to close on Friday, 20 June 2025. The company seeks to use the money raised from the IPO to repay or prepay loans, support its working capital requirements, and invest in a subsidiary. It also disclosed plans for a potential unidentified acquisition, while the remaining funds will be used for general corporate needs. The company raised ₹ 224.8 crore from its anchor investors ahead of the IPO. JM Financial Limited, IIFL Capital Services Limited, and Nuvama Wealth Management Limited are the book-runners for the public issue, while MUFG Intime India Private Limited (Link Intime) is the registrar to the offer. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
Jio Financial Services acquires 7.9 crore shares of Jio Payments Bank from SBI — Details here
Billionaire Mukesh Ambani-led Reliance Group's non-banking financial services arm, Jio Financial Services (JFS), on Wednesday, 18 June 2025, announced that the company has acquired more than 7.9 crore equity shares of Jio Payments Bank Limited (JPBL) from the State Bank of India (SBI), according to an exchange filing. As per the filing data, the total value of the deal is estimated to be at ₹ 104.54 crore after approvals from the central bank, the Reserve Bank of India (RBI). After the acquisition deal, Jio Payments Bank will become a wholly-owned subsidiary of Jio Financial Services. According to an earlier PTI report, from March 2025, JFS held an 82.17 per cent stake in Jio Payments Bank, and was planning to make an acquisition move to buy out SBI. 'The Company has today at around 3.27 p.m acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India for an aggregate consideration of ₹ 104.54 crore pursuant to the approval received from Reserve Bank of India on June 4, 2025. Consequent to this acquisition, JPBL has become a wholly owned subsidiary of the Company,' said the company in the BSE filing. Jio Financial Services shares closed 0.62 per cent lower at ₹ 288 after Wednesday's stock market session, compared to ₹ 289.80 in the previous market close. The company announced the acquisition update after the market operating hours on 18 June 2025. Since its listing on the Indian stock market in August 2023, the shares of Jio Financial Services have given market investors over 34 per cent returns on their investment. However, the shares have lost 20.77 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares are down 5.49 per cent, but are trading 3.86 per cent higher in the last one-month period. The shares of the NBFC hit their 52-week high level at ₹ 368.30 on 20 June 2025, while the 52-week low level was at ₹ 198.60 on 3 March 2025, according to BSE data. JFS' market capitalisation (M-Cap) stood at more than ₹ 1.82 lakh crore as of the stock market close on Wednesday, 18 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
Arisinfra Solutions IPO: Mumbai-based firm raises ₹224.8 crore from anchor investors ahead of public issue
Arisinfra Solutions IPO: Mumbai-based construction materials provider Arisinfra Solutions Limited completed its anchor investor round on Tuesday, 17 June 2025. The company raised ₹ 224.8 crore from its anchor investors ahead of the public issue, according to the exchange filing. According to BSE data, the company allocated 1,01,26,946 or more than 1.01 crore equity shares to anchor investors at an allocation price of ₹ 222 per share, with a face value of ₹ 2 apiece. Citigroup Global, Astorne Capital, Necta Bloom, Nexus Global, Zeal Global, Saint Capital, Winro Commercial, and Sunrise Investment Trust are among the top investors who invested in the public issue ahead of the public subscription. Out of the 15 anchor investors, Necta Bloom VCC—Regal Fund has the largest allocation, at 16.24 per cent of the total anchor allocation. Astorne Capital came in second, with a 13.34 per cent allocation of the total anchor issue. There were no domestic mutual funds that applied for the anchor investor issue on Tuesday, according to the BSE filing. As of Tuesday, 17 June 2025, the grey market premium (GMP) for Arisinfra Solutions IPO stood at ₹ 25 per share. With the upper price band at ₹ 222 per share, the shares are expected to be listed at ₹ 247, a premium of 11.26 per cent, according to The Grey Market Premium (GMP) is an indicator of investors' willingness to subscribe to a primary issue. As of the end of the anchor day, the GMP is flat at ₹ 25 apiece. Arisinfra Solutions IPO is an entirely fresh issue of 2,25,04,324 or over 2.25 crore equity shares as the company aims to raise nearly ₹ 499.60 crore from the book-built issue. However, there is no offer-for-sale (OFS) component for this public issue. The company seeks to use the proceeds from the IPO to repay or prepay loans, support its working capital requirements, and invest in a subsidiary. It also disclosed plans for a potential unidentified acquisition, while the remaining funds will be used for general corporate needs. The company has fixed the price band for the public issue in the range of ₹ 210 to ₹ 222 per equity share with a lot size of 67 shares per lot. The IPO will open on Wednesday, 18 June 2025, and is scheduled to close on Friday, 20 June 2025. JM Financial Limited, IIFL Capital Services Limited, and Nuvama Wealth Management Limited are the book-running lead managers for the Arisinfra Solutions IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. Read all stories by Anubhav Mukherjee
Mint
3 days ago
- Business
- Mint
Arisinfra Solutions IPO: Mumbai-based firm raises ₹224.8 crore from anchor investors ahead of public issue
Arisinfra Solutions IPO: Mumbai-based construction materials provider raises ₹ 224.8 crore from anchor investors ahead of public issue. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 days ago
- Business
- Mint
Oswal Pumps IPO subscribed 34.42 times on Day 3; Check latest GMP, subscription status, other details
Haryana-based manufacturer and distributor of pumps, Oswal Pumps Limited's initial public offering (IPO) received a strong response on the final day of the public subscription. The issue was subscribed 34.42 times on the third day as the bidding closed on Tuesday, 17 June 2025. The company offered a book-built issue consisting of a fresh issue of 1.45 crore shares, amounting to ₹ 890 crore, and an offer-for-sale (OFS) of 0.81 crore shares, amounting to ₹ 497.34 crore. The company plans to raise ₹ 1,387.34 crore from the Indian stock market. Out of the three bidding segments, the Qualified Institutional Buyers (QIBs) subscribed to the IPO the most, coming in at 88.08 times, as investors bid for 40,01,38,176 or over 40.01 crore equity shares compared to the 45,43,116 shares on offer. The Non-Institutional Investors (NIIs) followed the QIB lead, coming in at 36.70 times subscription as investors bid for 12,84,70,944 or 12.84 crore equity shares compared to the 35,00,959 shares on offer. The retail segment witnessed 3.6 times bidding as investors subscribed for 2,94,33,576 or 2.94 crore shares, compared to the 81,68,905 shares on offer. As of Tuesday, 17 June 2025, the grey market premium (GMP) of the Oswal Pumps IPO stood at ₹ 72 per share. With the upper price band at ₹ 614, the shares are expected to be listed at ₹ 686 per share with a premium of 11.73 per cent, according to data collected from The Grey Market Premium (GMP) is an indicator of investors' willingness to subscribe to a primary issue. After the final day of bidding, the GMP jumped by ₹ 16 to its current level of ₹ 72 per share, compared to ₹ 56 apiece on Monday. Oswal Pumps IPO is a combination of a fresh issue of 1.45 crore equity shares worth ₹ 890 crore, and an offer-for-sale (OFS) component of 81 lakh shares amounting to ₹ 497.34 crore. The company fixed the price band of the public offer in the range of ₹ 584 to ₹ 614 per share, with a lot size of 24 shares per lot. IIFL Capital Services, Axis Capital, CLSA India, JM Financial, Nuvama Wealth Management are the book-runners for the public issue, while MUFG Intime India (Link Intime) is the registrar of the public offer. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
