Latest news with #InstitutionalPlacement
Globe and Mail
6 days ago
- Business
- Globe and Mail
Equity Raising Advances: FireFly Completes Charity Flow-Through Placement and Tranche 1 of Institutional Placement
Not for dissemination to U.S. wire services or dissemination in the United States. Perth, Western Australia--(Newsfile Corp. - June 16, 2025) - FireFly Metals Ltd (ASX: FFM) (TSX: FFM) (" FireFly" or the " Company") is pleased to announce that it has completed the Charity Flow-Through Placement and tranche one of the Institutional Placement of the Equity Raising announced by the Company on 5 and 10 June 2025. Equity Raising Details As announced on 10 June 2025, the equity raising comprises three parts (together, the Equity Raising): ~A$11.2 million (~C$10.0 million) charity flow-through placement to Canadian investors priced at approximately A$1.49 per New Share (Charity Flow-Through Placement), which is now complete; ~A$54.9 million two-tranche institutional placement at the offer price of A$0.96 per New Share (Institutional Placement). Tranche one of the Institutional Placement is now complete; and ~A$28.8 million (~C$25.8 million) fully underwritten Canadian bought deal offering with BMO Capital Markets. The indicative timeline for the remaining aspects of the Equity Raising is as follows: Indicative Timetable Key Event Date Open of SPP offer Monday, 16 June 2025 Issue of New Shares under Canadian Offering Friday, 20 June 2025 Close of SPP offer Monday, 7 July 2025 Issue of SPP Shares Monday, 14 July 2025 General Meeting to approve the issue of Tranche Two Placement Shares under the Institutional Placement Indicatively Mid-July 2025 Settlement, Allotment and Trading for Tranche Two Placement Shares issued under the Institutional Placement Indicatively Mid-July 2025 and following the General Meeting The above timetable is indicative only and subject to change. The Company reserves the right to amend any or all of these dates and times without notice, subject to the Corporations Act, the ASX Listing Rules and other applicable laws. This announcement has been prepared for publication in Australia and Canada and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. The announcement has been authorised by the Board of Directors. Steve Parsons Managing Director FireFly Metals Ltd +61 8 9220 9030 Media Paul Armstrong Read Corporate +61 8 9388 1474 To view the source version of this press release, please visit
Yahoo
6 days ago
- Business
- Yahoo
Equity Raising Advances: FireFly Completes Charity Flow-Through Placement and Tranche 1 of Institutional Placement
Not for dissemination to U.S. wire services or dissemination in the United States. Perth, Western Australia--(Newsfile Corp. - June 16, 2025) - FireFly Metals Ltd (ASX: FFM) (TSX: FFM) ("FireFly" or the "Company") is pleased to announce that it has completed the Charity Flow-Through Placement and tranche one of the Institutional Placement of the Equity Raising announced by the Company on 5 and 10 June 2025. Equity Raising Details As announced on 10 June 2025, the equity raising comprises three parts (together, the Equity Raising): ~A$11.2 million (~C$10.0 million) charity flow-through placement to Canadian investors priced at approximately A$1.49 per New Share (Charity Flow-Through Placement), which is now complete; ~A$54.9 million two-tranche institutional placement at the offer price of A$0.96 per New Share (Institutional Placement). Tranche one of the Institutional Placement is now complete; and ~A$28.8 million (~C$25.8 million) fully underwritten Canadian bought deal offering with BMO Capital Markets. The indicative timeline for the remaining aspects of the Equity Raising is as follows: Indicative Timetable Key Event Date Open of SPP offer Monday, 16 June 2025 Issue of New Shares under Canadian Offering Friday, 20 June 2025 Close of SPP offer Monday, 7 July 2025 Issue of SPP Shares Monday, 14 July 2025 General Meeting to approve the issue of Tranche Two Placement Shares under the Institutional Placement Indicatively Mid-July 2025 Settlement, Allotment and Trading for Tranche Two Placement Shares issued under the Institutional Placement Indicatively Mid-July 2025 and following the General Meeting The above timetable is indicative only and subject to change. The Company reserves the right to amend any or all of these dates and times without notice, subject to the Corporations Act, the ASX Listing Rules and other applicable laws. This announcement has been prepared for publication in Australia and Canada and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. The announcement has been authorised by the Board of Directors. Steve Parsons Managing Director FireFly Metals Ltd +61 8 9220 9030 MediaPaul ArmstrongRead Corporate+61 8 9388 1474 To view the source version of this press release, please visit
Mint
11-06-2025
- Business
- Mint
IREDA share price jumps over 2% after allotment of 50% equity to LIC in ₹2000 crore fundraise
Shares of the Indian Renewable Energy Development Agency (IREDA) surged by over 2% on Wednesday, following the announcement of the closure of its Qualified Institutional Placement (QIP) earlier that day. The firm successfully raised ₹ 2,000 crore through this process by issuing equity to qualified institutions. IREDA's board sanctioned the issuance of 12.14 crore equity shares of the company as part of this initiative. The issue price for the QIP has been set at ₹ 155.14 per share, which reflects a 5% discount to the established floor price of the issue.
&w=3840&q=100)
Business Standard
27-05-2025
- Business
- Business Standard
Smallcap stock hits new high in weak market; up 70% from May-month low
Centum Electronics share price today Shares of Centum Electronics moved higher by 14 per cent to hit an all-time high of ₹2,582.40 on the BSE in Tuesday's intra-day trade in an otherwise weak market. The smallcap stock engaged in industrial products business surpassed its previous high of ₹2,446.10 touched on May 23, 2025. The stock has appreciated by 70 per cent from its current month low of ₹1,515.20 touched on May 9, 2025. It has been more-than-doubled or zoomed 126 per cent from its 3-month low of ₹1,140.15 touched on March 4, 2025. At 02:35 PM; Centum Electronics was trading 11 per cent higher at ₹2,510.80, as compared to 1.1 per cent decline in the BSE Sensex. Centum Electronics trades at 123% premium over its QIP price Centum Electronics in March 2025 completed a Qualified Institutional Placement (QIP) raising ₹210 crore. The company issued 1.81 million shares at a price of ₹1,160 each. Currently, the stock trades at a 123 per cent premium over its QIP price. Key investors included HDFC Mutual Fund – HDFC Manufacturing Fund and HDFC Defence Fund acquiring nearly 33 per cent of the shares offered. Subhkam Ventures and 3P India Equity Fund were allotted 29.76 per cent and 28.57 per cent, respectively, of the shares offered. Centum Electronics said the net proceeds will be used for repayment / pre-payment, in part or in full, of certain outstanding borrowings availed by the company, capital expenditure for purchase of new equipment and machinery and general purposes. What's driving the rally in Centum Electronics Centum Electronics on May 13, 2025 said that the company has a role to play in developing systems and subsystems for the Space-Based Surveillance, however there is no information available with the company regarding Government's directive to move up the satellite development schedule from four years to 12-18 months. The company had given clarification on news reports that the government has directed three private firms including Centum Electronics to move up their satellite development schedule from four years to 12-18 months. Strong Q4 results & robust order book For the January to March 2025 quarter (Q4FY25), Centum Electronics reported 24 per cent year-on-year (YoY) and 31 per cent quarter-on-quarter (QoQ) growth in consolidated revenue, driven by strong performance in high-margin Build-to-Spec (BTS) business for domestic Defence and Space customers. Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) margin stood at 11.3 per cent, up 44 bps QoQ and 52 bps YoY, driven by higher billing in the BTS segment. The company reported profit after tax of ₹21.5 crore, against loss of ₹6.9 crore in a year ago quarter and loss of ₹19.3 crore in December 2024 quarter. Total order book at end of Q4FY25 stood at ₹1,736.4 crore. Standalone order book surged to ₹1,329.7 crore (vs ₹1,117.8 crore in FY24), led by strong BTS order inflow. New EMS customers have advanced to the qualification and NPI stage, positioning the business for strong revenue growth in FY26, the company said. About Centum Electronics Centum Electronics is in designing and manufacturing electronic systems and manufactures high-end electronic modules, subsystems and systems used in the aerospace, defence, and industrial electronics sectors. The company has delivered mission-critical electronics on almost all satellite programs of ISRO including the ambitious Chandrayaan and Mangalyaan projects and also delivered 300 to 500 components for almost every Indian space mission. The clientele base consists of reputed defence segment companies such as Space Application Centre, ISRO, DRDO's, ABB, Thales, and RAFAEL among others.
Business Upturn
03-05-2025
- Business
- Business Upturn
SBI Q4 results: Net profit drops 10% YoY to Rs 18,643 crore; NII up 2.6% YoY to Rs 42,775 crore
By Aditya Bhagchandani Published on May 3, 2025, 14:24 IST State Bank of India (SBI) reported a 10% year-on-year (YoY) decline in standalone net profit to Rs 18,642.59 crore for the quarter ended March 31, 2025, compared to Rs 20,698.35 crore in Q4FY24. The drop was primarily due to higher provisioning during the quarter. Net Interest Income (NII) rose slightly by 2.6% YoY to Rs 42,775 crore in Q4FY25, up from Rs 41,655 crore in the same period last year. Operating profit stood at Rs 31,286 crore versus Rs 28,747 crore in the year-ago quarter. However, provisions surged to Rs 6,441 crore, significantly higher than Rs 1,609 crore last year, including Rs 3,964 crore for NPAs. Asset quality improved marginally. Gross NPA ratio declined to 1.82% from 2.24%, while Net NPA fell to 0.47% from 0.57% YoY. Dividend announcement Alongside its Q4 results, the Central Board of the bank declared a dividend of Rs 15.90 per equity share (1590%) for the financial year ended March 31, 2025. The record date for determining eligible shareholders is May 16, 2025, and the dividend payment will be made on May 30, 2025. Fundraising plans SBI has also announced plans to raise equity capital up to Rs 25,000 crore during FY26 via modes such as Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), or preferential issue. The capital will be raised in one or more tranches, subject to requisite shareholder and regulatory approvals. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
