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Time of India
15 hours ago
- Business
- Time of India
Influx Healthtech IPO subscribed over 41 times on Day 3; GMP signals strong listing
Influx Healthtech's IPO witnessed an overwhelming response, being oversubscribed 41.07 times, driven by strong retail and NII participation. The IPO, priced at Rs 91-96, saw grey market premiums suggesting a 39% listing gain. The company plans to use the raised funds to establish new manufacturing facilities for nutraceutical and veterinary products. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Business Overview and Fund Utilisation The Rs 55.63 crore initial public offering (IPO) of Influx Healthtech was subscribed 41.07 times by 11:26 a.m. on the final day of bidding, Friday, driven by strong interest from retail and non-institutional retail investor portion was subscribed 53.88 times, while the non-institutional investor (NII) segment saw 63.64 times subscription. The qualified institutional buyer (QIB) portion was subscribed 1.71 the grey market, Influx Healthtech shares were commanding a premium of Rs 37–38, indicating an estimated listing price of around Rs 134. This reflects a 39% gain over the issue's upper price band of Rs 96 per IPO opened on June 17 and closes today. It is priced in the range of Rs 91–96 per share, with a minimum lot size of 1,200 Influx Healthtech is a contract development and manufacturing organisation (CDMO) that offers third-party manufacturing and product development services across nutraceuticals, cosmetics, ayurvedic products, and veterinary feed manufacturing operations are based in Thane, where it produces a wide range of products including tablets, gummies, jellies, skincare solutions, and ayurvedic the Rs 55.63 crore raised, Rs 45.07 crore is through a fresh issue and Rs 10.56 crore via offer-for-sale. The company plans to utilise Rs 34.19 crore for establishing two new manufacturing facilities focused on nutraceutical and veterinary products, along with investments in machinery and general corporate FY25, Influx Healthtech reported revenue of Rs 104.99 crore and a net profit of Rs 13.37 shares are proposed to be listed on the NSE SME platform, with a tentative listing date of June 25.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
17 hours ago
- Business
- Mint
Sambhv Steel Tubes IPO: Price band set at ₹77-82 per share; check issue details, key dates, more
The Sambhv Steel Tubes IPO price band has been fixed in the range of ₹ 77 to ₹ 82 per equity share of the face value of ₹ 10. The Sambhv Steel Tubes IPO date of subscription is scheduled for Wednesday, June 25, and will close on Friday, June 27. The allocation to anchor investors for the Sambhv Steel Tubes IPO is scheduled to take place on Tuesday, June 24. The floor price is 7.7 times of the face value of the equity shares and the cap price is 8.2 times of the face value of the equity shares. The Sambhv Steel Tubes IPO lot size is 182 equity shares and in multiples of 182 equity shares thereafter. Sambhv Steel Tubes IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employee reservation portion has been allocated equity shares aggregating up to ₹ 25 million. Tentatively, Sambhv Steel Tubes IPO basis of allotment of shares will be finalised on Monday, June 30 and the company will initiate refunds on Tuesday, July 1 while the shares will be credited to the demat account of allottees on the same day following refund. Sambhv Steel Tubes share price is likely to be listed on BSE and NSE on Wednesday, July 2. Sambhv Steel Tubes Limited is a producer of electric resistance welded (ERW) steel pipes and hollow structural tubes in India. The company's manufacturing plant is situated in Village - Sarora, Tehsil Tilda, Raipur (Sarora (Tilda) Facility) in the mineral-rich region of Chhattisgarh. The iron ore utilized by the company is obtained from the mines of a 'Navratna' public sector undertaking (PSU) mining company, while coal is sourced from a 'Maharatna' PSU known for one of its largest coal-producing subsidiaries, which operates Asia's biggest coal mines located just 250 kilometers from our Sarora (Tilda) Facility. As of March 31, 2024, the company boasts a broad distribution network across India that spans 15 states and one union territory as of December 31, 2024. The company maintains a significant presence in various Indian states, including Chhattisgarh, Maharashtra, Gujarat, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Telangana. As per the red herring prospectus (RHP), the listed peers of the company are APL Apollo Tubes Ltd (with a P/E of 68.52), Hariom Pipes Industries Ltd (with a P/E of 21.15), Hi-Tech Pipes Ltd (with a P/E of 35.52), JTL Industries Ltd (with a P/E of 10.16), Rama Steel Tubes Ltd (with a P/E of 24.27), and Surya Roshni Ltd (with a P/E of 10.98). The initial public offering comprises a new issue of equity shares estimated at ₹ 440 crore along with an offer for sale (OFS) of shares amounting to ₹ 100 crore from the promoters. The funds raised from the new issue will be used to pay off debt and for various corporate needs. Nuvama Wealth Management Ltd and Motilal Oswal Investment Advisors Ltd serve as the lead managers for this offering.
Mint
a day ago
- Business
- Mint
HDB Financial Services IPO: Price band set at ₹700-740 per share; check GMP, issue details, more
HDB Financial Services IPO price band: The HDB Financial Services IPO price band has been fixed in the range of ₹ 700 to ₹ 740 per equity share of the face value of ₹ 10. The HDB Financial Services IPO date of subscription is scheduled for Wednesday, June 25, and will close on Friday, June 27. The allocation to anchor investors for the HDB Financial Services IPO is scheduled to take place on Tuesday, June 24. The floor price and the cap price are 70 times and 74 times the face value of the equity shares, respectively. HDB Financial Services IPO lot size is 20 equity shares and in multiples of 20 equity shares thereafter. HDB Financial Services IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors. The employee reservation portion has been reserved equity shares aggregating up to ₹ 200 million, and HDFC Bank shareholder reservation portion consists of equity shares aggregating up to ₹ 12,500 million. Tentatively, HDB Financial Services IPO basis of allotment of shares will be finalised on Monday, June 30, and the company will initiate refunds on Tuesday, July 1, while the shares will be credited to the demat account of allottees on the same day following the refund. HDB Financial Services share price is likely to list on BSE and NSE on Wednesday, July 2. HDB Financial Services is expected to finalise the share allotment basis for its IPO on Monday, June 30. Refunds are set to be processed on Tuesday, July 1, and on the same day, shares will be credited to the demat accounts of those who were allotted shares, following the refunds. HDB Financial Services shares are anticipated to be listed on the BSE and NSE on Wednesday, July 2. The IPO consists of a fresh issue of ₹ 2,500 crore along with an offer for sale of ₹ 10,000 crore from HDFC Bank. The net proceeds are intended to be used to enhance the company's Tier-I Capital base, allowing them to fulfill future capital needs for their various business segments, including Enterprise Lending, Asset Finance, and Consumer Finance. These needs are anticipated to emerge from the growth of the company's operations and assets, and to maintain adherence to the capital adequacy regulations established by the RBI as they may evolve. JM Financial Limited, BNP Paribas, Bofa Securities India Limited, Goldman Sachs (India) Securities Private Limited, HSBC Securities & Capital Markets Pvt Ltd, IIFL Capital Services Limited, Jefferies India Private Limited, Morgan Stanley India Company Pvt Ltd, Motilal Oswal Investment Advisors Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, Nuvama Wealth Management Limited, and UBS Securities India Private Limited serve as the book running lead managers for the HDB Financial IPO, while MUFG Intime India Private Limited (Link Intime) acts as the registrar for the offering. HDB Financial Services ranks as the seventh largest, diversified retail-focused non-banking financial company (NBFC) in India, with a total gross loan book amounting to ₹ 902.2 billion as of March 31, 2024, among its NBFC competitors, according to the CRISIL Report. According to the red herring prospectus (RHP), the company's competitors include Bajaj Finance Ltd (with a P/E of 34.3), Sundaram Finance Ltd (with a P/E of 28.1), L&T Finance Ltd (with a P/E of 17.9), Mahindra & Mahindra Financial Services Ltd (with a P/E of 14.5), Cholamandalam Investment and Finance Company Ltd (with a P/E of 31.4), and Shriram Finance Ltd (with a P/E of 13.0). The Reserve Bank of India (RBI) classifies the company as an Upper Layer Non-Banking Financial Company (NBFC-UL). The NBFC provides a diverse range of lending products designed to meet the needs of a growing customer base through an extensive omni-channel distribution network. HDFC Bank holds a 94.3% stake in HDB Financial prior to the IPO. As of March 31, 2025, HDB Financial Services reported total gross loans of ₹ 1,068.8 billion, representing a compound annual growth rate (CAGR) of 23.54% from March 31, 2023, to March 31, 2025. Their assets under management reached ₹ 1,072.6 billion as of March 31, 2025, reflecting a CAGR of 23.71% from Fiscal 2023 to Fiscal 2025. In fiscal 2025, the NBFC achieved a profit after tax of ₹ 21.8 billion, indicating a CAGR of 5.38% between Fiscal 2023 and Fiscal 2025. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
2 days ago
- Business
- News18
Oswal Pumps IPO Listing Tomorrow: Here's What Latest GMP Signals
Last Updated: Oswal Pumps IPO GMP: Unlisted shares of Oswal Pumps Ltd are trading at Rs 667 apiece in the grey market, which is 8.6% premium over the upper IPO price, signalling mild gains. Oswal Pumps IPO Listing Date: The allotment of the Oswal Pumps IPO has been finalised. Investors can check their allotment status on the websites of the BSE, the NSE and registrar Link Intime. Now, all eyes are on its listing, which will take place tomorrow, Friday, June 20. According to market observers, the latest GMP stands at 8.63%, which indicates mild listing gains for investors. The shares of Oswal Pumps Ltd will be listed on both BSE and NSE on June 20, 2025. Oswal Pumps IPO GMP Today According to market observers, unlisted shares of Oswal Pumps Ltd are currently trading at Rs 667 apiece in the grey market, which is an 8.63 per cent premium or GMP over the upper IPO price of Rs 614. It indicates listing gains for investors on June 20, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Oswal Pumps IPO: A Step-By-Step Guide To Check Allotment Status The Oswal Pumps IPO allotment has been finalised. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Oswal Pumps Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. You can also visit directly on the registrar Link Intime's portal — and check the Oswal Pumps IPO allotment status. The allotment status can also be checked on the NSE's website at The initial public offering was open for subscription between June 13 and June 17. The Rs 1,387.34-crore mainboard IPO received a strong 34.42 times subscription, garnering bids for 55,80,42,696 shares as against 1,62,12,980 shares on offer. The retail and NII participation stood at 3.60 times and 36.70 times, respectively. Its qualified institutional buyer (QIB) category got a 88.08 times subscription. The IPO received subdued response on Day 1 and Day 2 with 0.42 times and 1.65 times subscriptions, respectively. However, it received a massive response on the final day of bidding amid higher participation from NIIs (who invest more than Rs 2 lakh) and QIBs (which include mutual funds). The IPO is a combination of a fresh issue of shares valued at Rs 890 crore and an offer-for-sale (OFS) of 81 lakh stocks worth Rs 497.34 crore at the upper end of the price band, by promoter Vivek Gupta. This aggregates the issue size at Rs 1,387.34 crore. The price band was fixed in the range of Rs 584-614 apiece. Oswal Pumps Limited, founded in July 2023, manufactures a wide range of pumps and related products for domestic, agricultural, and industrial use. The company recorded one of the highest EBITDA margins among peers in FY24 (30.1% in 9MFY25), up from 10.7% in FY22, showcasing clear operating leverage gains. However, competition from established peers and its dependency on tenders for its revenue, remain key risk factors to consider. Oswal Pump's competitors include Kisloskar Brothers, Shakti Pumps, WPIL, and Roto Pumps. Oswal Pumps plans to utilise the IPO proceeds for capital expenditure (Rs 89.86 crore), investment in subsidiary Oswal Solar for new units in Karnal (Rs 272.76 crore), repayment of company borrowings (Rs 280 crore), repayment of Oswal Solar's loans (Rs 31 crore), and towards general corporate purposes. IIFL Securities, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management are the book-running lead managers to the issue. 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! tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 19, 2025, 10:24 IST News business » ipo Oswal Pumps IPO Listing Tomorrow: Here's What Latest GMP Signals
News18
3 days ago
- Business
- News18
When Will Oswal Pumps IPO Allotment Be Out? A Step-By-Step Guide To Check Status Online, Latest GMP
Oswal Pumps IPO GMP: Unlisted shares of Oswal Pumps are trading at Rs 674 apiece in the grey market, which is 9.7% premium over IPO price of Rs 614, signalling mild listing gains. Oswal Pumps IPO Allotment Status: Even as the Oswal Pumps IPO has concluded with a strong 34.42 times subscription, all eyes are on its allotment, which is expected to be finalised today, June 18, in the evening. Once the basis of allotment is finalised, investors will start receiving bank debit messages. They can also check the allotment status on websites of the BSE, the NSE and registrar Link Intime. The Oswal Pumps IPO allotment will take place on today, June 18. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Oswal Pumps Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. You can also visit directly on the registrar Link Intime's portal — and check the Oswal Pumps IPO allotment status. According to market observers, unlisted shares of Oswal Pumps Ltd are currently trading at Rs 674 apiece in the grey market, which is a 9.77 per cent premium or GMP over the upper IPO price of Rs 614. It indicates listing gains for investors on June 20, the tentative listing date. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Oswal Pumps IPO Listing Date The shares of Oswal Pumps Ltd will be listed on both BSE and NSE on June 20, 2025. Oswal Pumps IPO: Final Subscription Status, Other Details The IPO is a combination of a fresh issue of shares valued at Rs 890 crore and an offer-for-sale (OFS) of 81 lakh stocks worth Rs 497.34 crore at the upper end of the price band, by promoter Vivek Gupta. This aggregates the issue size at Rs 1,387.34 crore. The initial public offering was open for subscription between June 13 and June 17. The Rs 1,387.34-crore mainboard IPO received a strong 34.42 times subscription, garnering bids for 55,80,42,696 shares as against 1,62,12,980 shares on offer. The retail and NII participation stood at 3.60 times and 36.70 times, respectively. Its qualified institutional buyer (QIB) category got a 88.08 times subscription. The IPO received subdued response on Day 1 and Day 2 with 0.42 times and 1.65 times subscriptions, respectively. However, it received a massive response on the final day of bidding amid higher participation from NIIs (who invest more than Rs 2 lakh) and QIBs (which include mutual funds). The price band was fixed in the range of Rs 584-614 apiece. Most analysts gave 'subscribe for long-term' rating to the IPO. They said Oswal Pumps is one of India's fastest-growing names in solar-powered solutions, and reported a CAGR of 45.1% between FY22 and FY24. The company is expected to grow at a rate of 11% in the next five years. However, the analysts also mentioned some risks, including the company's dependent on its top-10 customers (who account for nearly 80% of revenue from operations), government funding changes or policy changes (as the significant portion of Oswal Pumps' revenue is derived from turnkey solar pumping systems under PM-KUSUM), and the concentration of all of its manufacturing facilities at one place (Karnal, Haryana). The company recorded one of the highest EBITDA margins among peers in FY24 (30.1% in 9MFY25), up from 10.7% in FY22, showcasing clear operating leverage gains. However, competition from established peers and its dependency on tenders for its revenue, remain key risk factors to consider. Oswal Pump's competitors include Kisloskar Brothers, Shakti Pumps, WPIL, and Roto Pumps. Oswal Pumps plans to utilise the IPO proceeds for capital expenditure (Rs 89.86 crore), investment in subsidiary Oswal Solar for new units in Karnal (Rs 272.76 crore), repayment of company borrowings (Rs 280 crore), repayment of Oswal Solar's loans (Rs 31 crore), and towards general corporate purposes. top videos View all IIFL Securities, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management are the book-running lead managers to the issue. Oswal Pumps Limited, founded in July 2023, manufactures a wide range of pumps and related products for domestic, agricultural, and industrial use. tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 18, 2025, 10:55 IST News business » ipo When Will Oswal Pumps IPO Allotment Be Out? A Step-By-Step Guide To Check Status Online, Latest GMP
