Latest news with #MotilalOswal
Entrepreneur
10 hours ago
- Business
- Entrepreneur
Sambhav Steels Among 5 Upcoming IPOs, SEBI Eases ESOP Rules Ahead of Busy Listing Week
The Indian IPO landscape is set to record a busy week, with five new IPOs hitting the market, Sambhv Steel Tubes Limited's initial public offer (IPO) of equity shares will debut on June 25 and SEBI issues ESOP reforms. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Sambhv Steel Tubes Limited's initial public offer (IPO) of equity shares will debut on June 25. According to the company, the total offer size is INR 540 crore, comprising fresh issues of up to INR 440 crore and an offer for sale (OFS) component of up to INR 100 crore, by the promoters selling shares. Bidding for anchor investors is set for June 24. The price band of the IPO is set at INR 77-82 per equity share, with bids to be made for a minimum of 182 equity shares and in multiples of 182 equity shares thereafter. The company said in a release that the net proceeds from the fresh issue of equity shares will be used towards pre-payment or scheduled repayment of a portion of outstanding borrowings, and the remaining amount will go toward corporate expenses. The IPO also consists of the Employee Reservation Portion, with a discount of INR 4 per equity share being offered for eligible employees. (Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the Issue. SEBI issues ESOP reforms Market regulator Securities and Exchange Board of India recently rolled out ESOP reforms, especially relaxed rules that allow unexercised options to be retained post-listing Roma Priya, Founder, Burgeon Law, believes that the SEBI's decision to allow startup founders to hold ESOPs granted up to a year prior to listing represents a pivotal shift in how India views founder incentives in the public markets. For many years, the regulatory structure inadvertently discouraged long-term founder alignment by excluding them from key benefit structures during IPO preparation. This move is not only poised to correct the said imbalance but also sends a strong signal of regulatory maturity and startup sensitivity. "From a strategic lens, this reform strengthens the startup ecosystem's transition from private to public markets by reinforcing founder retention, reducing post-IPO churn, and making listing a more viable aspiration for younger companies. Having worked closely with hundreds of growth-stage founders, I believe this will directly encourage more startups to start preparing for public exits early, with stronger governance, cap table clarity, and structured ESOP planning as part of that journey, " said Priya. Buzzing IPO Week The Indian IPO landscape is set to record a busy week, with five new IPOs hitting the market, with the surge following a steady build-up in investor enthusiasm, reflecting the ongoing appetite for fresh equity offerings. "Market sentiment remains broadly constructive, driven by improving macroeconomic indicators, favorable liquidity conditions, and increasing participation from both institutional and retail investors. The strong performance of recent listings continues to bolster confidence and encourage broader engagement in the primary market," said Bajaj Broking in its weekly IPO lookout. The stockbroking company said that the upcoming IPOs are offering investors a mix of diverse sector opportunities, which is further reinforcing the depth and vibrancy of India's capital markets. Bajaj Broking predicts that the primary market could well surpass expectations for the first half of FY26.
Mint
2 days ago
- Business
- Mint
Siemens Energy share price lists at ₹2,840 on NSE after demerger; hits 5% upper circuit. Should you buy?
Siemens Energy share price made a strong debut on Dalal Street Thursday, after the demerger from its parent Siemens. Siemens Energy India shares were listed at ₹ 2,840 per share on NSE, up 14% from its discovery price of ₹ 2,478.20 per share. Soon after the listing, Siemens Energy share price hit a 5% upper circuit of ₹ 2,982 on NSE. On BSE, Siemens Energy shares opened at ₹ 2,850, and hit 5% upper circuit at ₹ 2,992.45 apiece. The listing of Siemens Energy India shares comes after the demerger of power transmission and distribution (T&D) business from Siemens. Siemens demerger took place on April 7. According to brokerage firm Jefferies, Siemens Energy India is estimated to be India's largest listed pure-play power T&D equipment company. It expects the company to see 40% EPS CAGR in FY24-27E driven by the robust T&D pipeline and operating leverage. Jefferies believes Siemens Energy should be a key beneficiary of the $100 billion+ transmission capex pipeline, while its current margins reflect less than 60% utilisation at its T&D facilities which offers operating leverage linked upside. It believes overall infra + industrial capex should moderate to 11% CAGR in FY24-27E vs 22% in FY21-24, but Power will remain a key driver at 21% CAGR. Siemens Energy recorded ₹ 5,100 crore order flow in the first 5 months of FY25 as against ₹ 8,800 crore in FY24, and has an order book of ₹ 15,100 crore as on 1 March 2025 (2.4x FY24 revenue). Jefferies has a 'Buy' ratings on Siemens India Energy shares with a target price of ₹ 3,700 apiece, valuing the stock at 55 times price-to-earnings (PE) for March 2027 estimates, which is in-line with its multiple for ABB and pre-demerger multiple for Siemens. Motilal Oswal Financial Services has a 'Buy' rating and ascribes a multiple of 60x to Siemens Energy shares, arriving at a target price of ₹ 3,000 on September 2027 estimates. Based on relative valuation of peers, Hitachi Energy trades at 74x P/E and GE Vernova T&D trades at 58x P/E March 2027 estimates. Hitachi Energy has benefited from large HVDC wins, while Siemens is also better placed to win upcoming projects and has a better margin profile, it noted. ''We expect the company to benefit from a strong addressable market in the T&D business. Based on the financial details available for FY24, we arrive at pro-forma financials for the energy business. We expect revenue and PAT CAGR of 25% and 31% over FY25-27, with EBITDA margin expanding to 21.4% by FY27. Margins have already started expanding in 5MFY25,' said Motilal Oswal. HDFC Securities initiated coverage with a 'Buy' call and Siemens Energy share price target of ₹ 3,000 per share. It believes Siemens Energy India captures maximum value among its peers as it covers larger market size. It models 30% FY25-27E PAT CAGR for the company. Given strong order backlog and ordering pipeline, Antique Stock Broking expects Siemens Energy India to deliver revenue, EBITDA and PAT CAGR of 22%, 30% and 35%, respectively, over FY24-27E. It will be supported by smooth execution of orders in hand coupled with margin improvement driven by an improved pricing environment led by strong demand for T&D equipment. The brokerage firm has assigned a 'Buy' rating on Siemens Energy India shares with a target price of ₹ 3,179 apiece, valuing the stock at 65x its FY27E EPS of ₹ 49, on the back of its technology leadership, strong product portfolio, established infrastructure, and market leadership in business verticals.
Time of India
2 days ago
- Business
- Time of India
Siemens Energy India listing: Stock surges 5%, hits upper circuit; here's what brokerages recommend
Siemens Energy India listing: Market experts anticipate potential gains of up to 30% in the stock value, with price targets reaching Rs 3,700. (AI image) Siemens Energy India share price: The stock of Siemens Energy India, which demerged from Siemens Ltd, reached its upper limit of Rs 2,992.45 on the BSE during early trading on Thursday, rising 5% from its initial listing price of Rs 2,850. Following this listing, market experts anticipate potential gains of up to 30% in the stock value, with price targets reaching Rs 3,700. According to an ET report, experts believe that this newly independent entity will significantly benefit from India's growing investments in power transmission and distribution (T&D) infrastructure. Siemens Energy India Brokerage recommendations: Motilal Oswal: Buy with a Target price of Rs 3,000. Stock has upside potential of 5.3% According to Motilal Oswal, the company is positioned to gain robust market opportunities in the transmission and distribution sector. The brokerage has developed pro-forma financial projections for the energy division based on FY24 financial data. Their analysis suggests a revenue/PAT CAGR of 25%/31% during FY25-27, alongside EBITDA margin growth reaching 21.4% by FY27. The initial five months of FY25 have already demonstrated margin improvements. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 유일한 공식 무료 SOC 게임! 설치도 없습니다! 경복의 바다 플레이하기 Undo Jefferies: Buy with a Target price of Rs 3,700. Stock has upside potential of 29.8% Upon its market entry, Siemens Energy is positioned to become India's largest listed company focusing exclusively on power T&D equipment, with a market capitalisation exceeding $10 billion, surpassing Hitachi and GE, which are valued between $6.8-9.6 billion. According to Jefferies' analysis, the company is expected to achieve a 40% EPS CAGR during FY24-27E, supported by substantial T&D projects and operational efficiency, suggesting significant growth potential at prices below Rs 3,000 per share. HDFC Securities: Buy with a Target price of Rs 3,000. Stock has upside potential of 5.3% Siemens Energy India stands as a prominent force in decarbonisation, delivering comprehensive solutions across power generation, grid automation, green hydrogen and battery storage sectors. The organisation holds exclusive distribution rights for multiple South Asian nations and has successfully established fresh business ventures in PEM electrolysers, hydrogen blend gas turbines and battery storage systems. The organisation demonstrates promising financial prospects with substantial cash flow and an anticipated 30% PAT CAGR. The positive assessment from the brokerage firm stems from SEL's expanding market footprint and advanced technological capabilities. Antique Broking: Buy with a target price of Rs 3,179. Stock has an upside potential of 11.5% Siemens Energy India delivers comprehensive solutions across the energy sector, encompassing oil and gas production, power generation, and transmission systems. The organisation supports its clientele in their journey towards decarbonisation and achieving net-zero objectives. The company maintains more than ten advanced manufacturing facilities across India, whilst holding exclusive regional rights in South Asia (Bhutan, Nepal, Sri Lanka, and Maldives). With a projected capex of Rs 9.2 trillion until FY32, the organisation stands to benefit from industrial decarbonisation initiatives and transmission and distribution investments. 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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Business Standard
2 days ago
- Business
- Business Standard
Stocks to buy today: Avenue Supermarts, KPIT Tech on MOFSL's watch list
Stocks to Buy Today, June 19, 2025: Ruchit Jain of Motilal Oswal recommends buying shares of DMart, KPIT Technologies, and AU Small Finance Bank Stock recommendations by Motilal Oswal Financial, June 19: Buy DMart | CMP: ₹4,228 | Stop loss: ₹4,100 | Share price target: ₹4,450 Avenue Supermarts share price has given a breakout from 'Cup & Handle' pattern on the daily chart which is a positive sign. The breakout is supported by surge in volumes which has bullish implications. RSI indicator is rising, which confirms the upwards momentum. CATCH STOCK MARKET UPDATES LIVE Buy KPIT Tech | CMP: ₹1,421 | Stop loss: ₹1,380 | Share price target: ₹1,500 KPIT Tech share price has given a trend line breakout on daily scale. It is perfectly respecting the 20-DEMA and inching higher. The MACD indicator is rising, which confirms the positive momentum.
Economic Times
3 days ago
- Business
- Economic Times
BSE vs NSE expiry day war is over. But for investors, the battle lines just shifted
The expiry day war between India's two stock exchanges has finally drawn to a close, and it's the National Stock Exchange (NSE) that may have emerged as a clear winner. In a high-stakes regulatory shake-up, SEBI has now fixed the expiry days for equity derivative contracts to just Tuesdays and Thursdays, ending months of tit-for-tat expiry day changes between NSE and BSE. ADVERTISEMENT In line with this directive, NSE will move its weekly expiry to Tuesday, while BSE will shift to Thursday, starting September 1, 2025. But behind this seemingly administrative change lies a fierce contest for trader mindshare, options liquidity, and revenue, and BSE may have just lost a critical edge. 'This change significantly benefits NSE, which will now enjoy three full days (Friday, Monday, and Tuesday) of heightened options trading activity leading up to its expiry — a key period for premium buildup and speculative action,' said SBI Securities' Head of Technical & Derivatives Research, Sudeep Shah. BSE, on the other hand, is left with a tighter window of just Wednesday and Thursday to attract meaningful volumes post-NSE expiry. That may sound technical, but in the hyper-competitive world of weekly options, timing is everything. Also Read | Sebi approves NSE's expiry day change to Tuesday, BSE to Thursday According to Motilal Oswal, BSE's share of the premium turnover market stood at 22.6% in May 2025, heavily propped up by its Tuesday expiry, which caught the peak of trader activity. Now, that cushion is gone. ADVERTISEMENT 'We expect a market share loss of 350–400 basis points for BSE,' Motilal Oswal wrote in a client note, lowering its premium average daily turnover (ADTO) estimates for BSE in FY26 and FY27 by 9% and 12%, also downgraded BSE stock to 'Neutral', slashing the price target to Rs 2,300. With the stock now trading at a lofty 53x FY27 estimated earnings, valuation comfort is fading fast. BSE shares were trading 1% lower during the day after falling up to 6%. ADVERTISEMENT Also read | BSE shares crack 6% as SEBI approves Tuesday expiry for NSE derivatives This expiry day chess match started in May 2023, when BSE introduced Friday expiries. NSE responded by moving Bank Nifty to Wednesday, and BSE hit back by shifting Bankex to Monday in October. In January 2025, BSE again altered Sensex expiry to Tuesday and saw a meaningful uptick in volumes. ADVERTISEMENT But the back-and-forth sparked concerns at SEBI over growing volatility and speculative churn. In May 2025, the regulator stepped in and declared that weekly expiries could only be held on Tuesdays and Thursdays. Exchanges would now need prior regulatory approval to change expiry days.'SEBI's regulatory changes aim to create a more structured and stable environment for equity derivatives trading,' said Naman Shah, SVP at Ohm Dovetail. 'Investors can anticipate a more predictable and secure trading experience.'Volume Hit Ahead? Street Thinks So ADVERTISEMENT IIFL Securities sees a 10–12% volume impact for BSE, driven by reduced activity on 'E-2' days (two days before expiry), especially Fridays, which earlier contributed 19% of the week's volume. BSE's market share on Fridays — previously 20% — could now drop to just 8%.'We cut our FY27–28 EPS by 4–5% and expect the stock to remain under pressure until volume growth visibility improves,' IIFL traders, the expiry switch changes the rhythm of the week. NSE's new Tuesday expiry means longer premium buildup periods, more liquidity, and higher open interest leading into expiry — a dream setup for short-term F&O BSE, however, Thursday expiry leaves little room for pre-expiry speculation, especially with Wednesday often dominated by NSE's midweek expiry hangover.'Overall, the move seems tailored to balance market stability while reinforcing NSE's dominant position in the derivatives space, potentially dampening BSE's momentum in growing its relatively newer options segment,' Shah of SBI Securities said. The expiry turf war is over but the fallout has only just begun. (You can now subscribe to our ETMarkets WhatsApp channel)
