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The Hindu
8 hours ago
- Business
- The Hindu
Investors want to buy multiple financial products under a single umbrella, says Shriram Wealth's Vikas Satija
Chennai-based Shriram Group, which recently announced its foray into the wealth management business in partnership with South African financial services player Sanlam Group that globally manages assets worth over $80 billion, said it would serve India's growing base of affluent and high-networth investors with personalised solutions designed with the help of artificial intelligence. Shriram Wealth, the wealth management arm of the group, said it would offer a range of services including wealth management, lending solutions, protection solutions, global investment opportunities, inheritance and legacy planning. On market potential, Vikas Satija, Chief Executive Officer and Managing Director, Shriram Wealth told The Hindu that: 'India has 30 lakh households with each home having investable financial assets in excess of ₹2 crore. This opens up a huge market opportunity for wealth- management business.' Although new investor behaviours have been constantly evolving, the traditional Systematic Investment Plan (SIP) alone attracted ₹26,000 crore a month, which amounts to savings of ₹2,64,000 crore a year. 'This gives lot of depth to the capital market today and SIPs can even help absorb some of the pressure from Foreign Institutional Investor exits and overall, manage the pressure on the markets,'' Mr. Satija said. On emerging investor trends, Mr. Satija, said clients were increasingly looking forward to buying multiple products from a single company, unlike the conventional way of going to banks/NBFCs for deposits, insurance firms for various insurances, someone else for mutual funds etc. 'The emerging trend is, customers now prefer to buy all what they want, in terms of alternate investments, under a single umbrella. They want a Swiggy or Zomato for financial services,'' he observed. Paul Hanratty, CEO, Sanlam Group said, 'We see wealth management as a natural evolution as India's economy grows, and people become wealthier. Our aim is not just to manage money, but to create meaningful solutions. This isn't a short-term play; we're here to build a trusted, customer-first wealth business in India for the next 100 years.'' Shriram Wealth said primary target audience would be typically individuals in the 45 years plus, as generally wealth resided in that age group while additional thrust would be on customer relationship over number of transactions. The company would also be deploying artificial intelligence to enable personalised advisory, to make risk profiling sharper to ensure real-time portfolio recommendations. A digital mindset would make Shriram Wealth a provider that is anticipating investor needs rather than just responding. Subhasri Sriram, MD & CEO, Shriram Capital said, the new business, wealth management, was a mission of the company to unlock financial prosperity for millions of Indians.
India.com
10-06-2025
- Automotive
- India.com
This company's shares gain amid volatility in market
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा Mercury EV-Tech Ltd., a Gujarat-based electric vehicle solutions provider, launched a new EV showroom in Bhavnagar. This resulted in a 2.2% share price increase to Rs 62.75 on Tuesday, from the previous closing price of Rs 61.40. However, profit-taking and market volatility led to a significant reduction in gains. At 1:21 pm, shares were trading up 0.5 percent at Rs 61.70 on the BSE. The 52-week high and low are Rs 139.20 and Rs 51.24 per share, respectively. The company boasts a market capitalization exceeding Rs 1,100 crore, with strong Q4FY25 and FY25 financial results. Quarterly net sales surged 451% to Rs 30.68 crore, and net profit increased by 47% to Rs 1.34 crore compared to Q4FY24. Annually, net sales grew 307% to Rs 89.64 crore in FY25, while net profit rose 286% to Rs 7.70 crore compared to FY24. Since reaching its 52-week low of Rs 51.24 per share, the stock has appreciated by 22.5%. FY25 saw new Foreign Institutional Investor (FII) participation, with the acquisition of 36,43,605 shares, representing a 1.92% increase over FY24. The stock has delivered multibagger returns of 6,550% over three years and a remarkable 17,065% over five years.
Time of India
04-06-2025
- Business
- Time of India
Rupee drops to 85.86 vs dollar amid foreign outflows; RBI rate cut in focus
. The rupee opened on a weak note at 85.69 on Wednesday and slipped further by 25 paise to hit 85.86 against the US dollar during early trading hours. The fall follows a 22 paise drop on Tuesday, when the domestic currency settled at 85.61. Currency traders attributed the rupee's decline to ongoing outflows of foreign funds. On Tuesday, Foreign Institutional Investors (FIIs) sold Indian equities worth Rs 2,853.83 crore, according to exchange data. Despite the fall, the rupee found some support from positive signals in the domestic stock market, falling global crude oil prices, and a weak US dollar. The dollar index, which measures the greenback against six major global currencies, was down 0.05% at 99.18. Meanwhile, Brent crude prices dipped 0.32% to USD 65.42 per barrel in futures trade. According to Anil Kumar Bhansali, head of Treasury at Finrex Treasury Advisors LLP, the rupee has been trading between 85 and 86 for the past two weeks. "The RBI has been intervening at the 85.70–85.75 levels to keep the range intact," he said. Attention is now on the Reserve Bank of India's monetary policy committee, which started its three-day meeting on Wednesday. The policy outcome is expected on Friday, with most analysts predicting a 25 basis points cut in the repo rate to 5.75%. Meanwhile, the BSE Sensex rose by 230.17 points to reach 80,967.68, while the Nifty gained 70.25 points, touching 24,612.75 in early trade. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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First Post
02-06-2025
- Business
- First Post
Sensex tanks 700, Nifty down 200 points amid Trump's plan to double steel tariffs
Indian stock markets opened sharply lower on Monday, dragged down by fresh tariff threats from US President Donald Trump and continued foreign fund outflows. The Sensex fell over 700 points, while the Nifty dropped more than 200 points amid ongoing earnings season pressures. read more The year 2024 has been a banner one for IPOs. PTI Indian stock markets fell sharply in early trade on Monday after US President Donald Trump's renewed tariff threats hurt investor confidence. The Sensex dropped over 700 points to 80,688, while the Nifty fell more than 200 points to 24,538 during the earnings season. Sentiment was further hit by heavy foreign fund outflows. Data from exchanges showed that Foreign Institutional Investors (FIIs) sold shares worth nearly ₹6,450 crore on Friday. Top losers in the Sensex included HDFC Bank, HCL Tech, Infosys, Tech Mahindra, and Tata Steel. On the other hand, Hindustan Unilever, Adani Ports, and Mahindra & Mahindra managed to gain. STORY CONTINUES BELOW THIS AD Experts say while global concerns like trade tensions are weighing on markets, strong domestic earnings could provide some support in the near term. This is a developing story.
News18
27-05-2025
- Business
- News18
Aegis Vopak Terminals IPO Day 2: Check Subscription Status, GMP Today; Should You Bet?
Last Updated: Aegis Vopak Terminals IPO: Aegis Vopak Terminals owns and operates storage tank terminals across India. Check price band, allotment and listing dates and brokerage views. Aegis Vopak Terminals IPO Day 2: The initial public offering of Aegis Vopak Terminals Ltd opened for public subscription on Monday, May 26. As of 11:15 AM on the second day of the Aegis Vopak Terminals IPO subscription, investors have bid for 1,91,76,003 shares against the offered shares of 6,90,58,296, representing a subscription of 0.28 times. As of 11:15 AM on the second day of the Aegis Vopak Terminals IPO subscription, the status across various investor categories is as follows: Qualified Institutional Buyers (QIBs) have been offered 3,76,68,163 shares, out of which they have bid for 1,48,38,894 shares, reaching 0.39 times their allocated portion. Foreign Institutional Investors (FIIs) have bid for 1,48,29,444 shares. Other categories under QIBs, such as Domestic Financial Institutions, Mutual Funds, and others, have not placed any bids so far. Non-Institutional Investors (NIIs) have been offered 1,88,34,080 shares, with bids placed for 8,20,386 shares, amounting to 0.04 times their portion. Retail Individual Investors (RIIs) have been offered 1,25,56,053 shares and have bid for 35,16,723 shares, equating to 0.28 times their allotted portion. Aegis Vopak Terminals Ltd (AVTL), a joint venture between Aegis Logistics Limited and Royal Vopak, is India's leading third-party owner and operator of tank storage terminals for LPG and liquid products. It has presence over both East and West coasts of India. The IPO will be closed on Wednesday, May 28. The price band has been fixed in the range of Rs 223-235 apiece. Aegis Vopak Terminals IPO GMP Today According to market observers, unlisted shares of Aegis Vopak Terminals Ltd are currently trading at Rs 247 apiece in the grey market, which is a 5.10 per cent premium or GMP over the IPO price of Rs 235. It indicates listing gains for investors on June 2, the tentative listing date. The shares will be listed on both BSE and NSE. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Aegis Vopak Terminals IPO: Should You Subscribe? Most brokerage firms have given a 'subscribe' rating to the IPO, especially for the long term. However, they have also flagged several risks. Giving a 'subscribe for long term' rating for the IPO, Bajaj Broking in its IPO note said, 'While the company has demonstrated a strong financial turnaround posting a net profit of Rs 86.54 crore in FY24 after a marginal loss in FY23, the valuation requires careful consideration." Based on FY24 EPS of Rs 1 and a NAV of Rs 13.27, the IPO price band of Rs 223-Rs 235 appears expensive on traditional valuation metrics like price-to-earnings, especially as a meaningful P/E cannot be derived due to the company's recent shift to profitability, it said. 'While the company's strategic importance in India's LPG and liquid bulk infrastructure space justifies a premium to some extent, the pricing seems to factor in strong future growth expectations. Investors should view this IPO as a play on long-term infrastructure and energy logistics growth, but must weigh the premium valuation against the company's limited historical profitability and execution risks in upcoming capex projects," said Bajaj Broking. Another brokerage firm BP Wealth has also granted 'Subscribe' rating to the IPO. 'The company has demonstrated stable financial performance over the last three financial years, aided by its annuity-like business model and long-term customer contracts. The company has managed debt levels, indicating strong financial flexibility to support its expansion plans under project GATI. The company's asset-heavy model and predictable cash flows from storage contracts provide visibility in earnings, making it well-positioned for future growth," it said in its IPO note. The issue is valued at a P/E of 198.0x on the upper price band based on FY25 earnings. 'Therefore, we recommend a SUBSCRIBE rating for the issue," BP Wealth stated. Brokerage firm Ventura also granted 'Subscribe' rating to the IPO. It said, 'At the upper price band of INR 235, the IPO is priced at a TTM P/E of 187.7x. While this valuation appears steep, the company's ongoing LPG capacity expansion and planned future ventures into green ammonia present substantial long-term growth potential. We therefore recommend 'subscribe' to this IPO." Granting 'subscribe for long term' rating to the IPO, Aditya Birla Capital in its note said, 'The company plans to raise Rs 2,800 crore with objective of loan repayment of Rs 2,016 crore and balance for funding expansion capex. At upper price-band of Rs 235, the issue is priced at a ~57x FY25 EV/EBITDA. The aggressive expansion and strong parentage instil confidence in the company, we recommend 'subscribe for long term' to the issue." Risks According to brokerage firms, the IPO faces the following risks: 1) Slowdown in India's oil & gas industry; 2) Damage to assets owing to natural calamities or any other reasons; 3) Non-compliance of safety or legal regulations applicable to the business; and 4) Promoters are involved in similar businesses. Aegis Vopak Terminals IPO: More Details Aegis Vopak Terminals has raised Rs 1,260 crore from anchor investors, ahead of its initial share-sale that opens for public subscription. The company is valued at around Rs 26,000 crore at the upper end of the price band. The IPO is entirely a fresh issue of equity shares worth Rs 2,800 crore with no offer-for-sale (OFS) component, according to the red herring prospectus (RHP). Previously, the IPO was planned to raise Rs 3,500 crore. Proceeds worth Rs 2,016 crore will be used for payment of debt, Rs 671.30 crore to fund capital expenditure for the acquisition of a cryogenic LPG terminal at Mangalore and the remaining amount will be allocated for general corporate purposes. Aegis Vopak Terminals owns and operates storage tank terminals across India. These terminals provide secure storage facilities for liquids like petroleum, vegetable oil, lubricants, chemicals, and gases such as LPG, propane, and butane. The strategic location of the company's terminals near key ports, closer to major shipping routes, offers competitive advantages, including faster evacuation through pipelines, rail, and road, lower delivery costs, and improved delivery times. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published: Latest News TMKOC: 'Goli' Kush Shah Opens Up On Quitting Show, Says 'Had To Take This Decision...' Television Movies Dad-To-Be Sidharth Malhotra Looks Cool In Casual Wear, Gets Papped In The City | Watch Football Football Unites After Car Ploughs Into Liverpool's Premier League Victory Parade IPO Aegis Vopak Terminals IPO Day 2: Check Subscription Status, GMP Today; Should You Bet? Education and Career NEET UG 2025 Answer Key To Be Released Soon On Here's How To Download latest news
