Latest news with #NuvamaWealthManagement
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.
Time of India
02-06-2025
- Business
- Time of India
Buy Nuvama Wealth Management, target price Rs 7,500: JM Financial
JM Financial has a Buy call on Nuvama Wealth Management with a target price of Rs 7,500. The current market price of Nuvama Wealth Management is Rs 6,940.5. Nuvama Wealth Management, incorporated in 1993, is a Small Cap company with a market cap of Rs 25036.35 crore, operating in NBFC sector. Nuvama Wealth's key products/revenue segments include Fees & Commission Income, Interest, Other Services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1124.79 crore, up 8.68% from last quarter Total Income of Rs 1034.99 crore and up 21.07 % from last year same quarter Total Income of Rs 929.01 crore. The company has reported net profit after tax of Rs 251.53 crore in the latest quarter. The company's top management includes Kumar, Shivji Vikamsey, Motwani, S Nandra, Miller, Srivastava, Vikram, Sehgal, Kehair, Kaji. Company has S R Batliboi & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 4 crore shares outstanding. Live Events Investment Rationale Nuvama Wealth Management has demonstrated its ability protect robust profitability despite significant turmoil in external environment (RoA/RoE of 3.7%/30.4% in 4Q25). Share of recurring revenue (wealth+private+AMC+asset services) stands at 79% for 4Q25 vs 76% in 3Q25). As the market activity normalizes, JM Financial believes Nuvama is poised to benefit from resurgence in net new money. Robust performance of asset services business and expected breakeven in AMC business during FY26 should aid profitability. The brokerage remains constructive on the company. Promoter/FII Holdings Promoters held 54.78 per cent stake in the company as of 31-Mar-2025, while FIIs owned 16.58 per cent, DIIs 5.8 per cent. ETMarkets WhatsApp channel )
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Business Standard
02-06-2025
- Business
- Business Standard
Dividend, bonus, rights issue: L&T, Nuvama Wealth & 3 others in focus
Ex-dividend date, June 3, 2025: Larsen & Toubro (L&T), Nuvama Wealth Management, and four other companies are expected to be in focus today as they will trade ex-date tomorrow, June 3, 2025. In light of recent announcements regarding corporate action such as dividends, bonus issues, and rights issues, drawing attention from investors. It should be noted that the record date and ex-date for the mentioned stocks are the same. Shares trading ex-date for final and interim dividend Atishay has declared a final dividend of ₹1 per share, L&T ₹34 per share, and Sunshield Chemicals ₹2.5 per share, according to corporate action data by BSE. These dividends will only be paid to shareholders who own the shares before June 3, 2025, which is the ex-dividend and record date for all three companies. Meanwhile, Nuvama Wealth Management has announced an interim dividend of ₹69 per share. An interim dividend is the dividend paid by a company to its shareholders before the end of its financial year and before the final dividend is declared. On the other hand, a final dividend is the dividend declared by a company after the end of its financial year, based on its full-year profits, and is approved by shareholders at the Annual General Meeting (AGM). Rights issue Rajnish Wellness has announced a rights issue involving 48,67,00,618 equity shares with a face value of ₹1 each, amounting to a total issue size of ₹49.9 crore. A rights issue is a way for a company to raise additional capital by offering new shares to its existing shareholders, usually at a discounted price, in proportion to their current holdings. The ex-date refers to when a stock began trading without the entitlement to dividends, rights issues or bonus issues. This means that on or after this date, dividend, subdivision (stock split), bonus issue, or rights issue will not be available to a new buyer of the stock. To qualify for receiving these benefits, investors must own the stock before the ex-date. The beneficiaries of dividends, subdivisions (stock split), or rights issues, however, are determined by the company based on the list of investors recorded by the end of the record date.
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Business Standard
30-05-2025
- Business
- Business Standard
Dividend stocks: TCS, L&T, 24 others to go ex-date next wk; do you own any?
Dividend stocks: Shares of Tata Motors, Tata Consultancy Services (TCS), Tata Steel, Larsen & Toubro (L&T), Container Corporation of India, Bank of Baroda, and 20 other companies are set to remain in focus next week — from Monday, June 2, 2025, to Friday, June 6, 2025 — following their announcements of dividend rewards for shareholders. Other notable names on the list include JSW Energy, Dr Lal PathLabs, L&T Technology Services, INOX India, HDFC Asset Management Company, Nuvama Wealth Management, Jindal Saw, Atishay, Sunshield Chemicals, Seshasayee Paper and Boards, Rallis India, East India Drums and Barrels Manufacturing, High Energy Batteries India, IFGL Refractories, IndiaMART InterMESH, Maithan Alloys, Nicco Parks & Resorts, QGO Finance, TAAL Enterprises, and Technocraft Industries (India). According to data available on the BSE, shares of these companies will trade ex-dividend during the next week. The ex-dividend date is when a stock begins trading without the entitlement to the declared dividend. To be eligible for the dividend, investors must hold the shares before this date. Companies, however, determine the final list of eligible shareholders based on their records on the record date. Among these, HDFC Asset Management Company has announced the highest dividend, with a final payout of ₹90 per share. The record date for this corporate action is Friday, June 6, 2025. This is followed by Nuvama Wealth Management, which has declared an interim dividend of ₹69 per share, with the record date set for Tuesday, June 3, 2025. Here's the complete list of stocks trading ex-dividend next week: Company Ex-date Purpose Record date Atishay June 3, 2025 Final Dividend - ₹1 June 3, 2025 Larsen & Toubro June 3, 2025 Final Dividend - ₹34 June 3, 2025 Nuvama Wealth Management June 3, 2025 Interim Dividend - ₹69 June 3, 2025 Sunshield Chemicals June 3, 2025 Final Dividend - ₹2.50 June 3, 2025 INOX India June 4, 2025 Final Dividend - ₹2 June 4, 2025 Seshasayee Paper and Boards June 4, 2025 Final Dividend - ₹2.50 June 4, 2025 Tata Motors June 4, 2025 Final Dividend - ₹6 June 4, 2025 Tata Consultancy Services June 4, 2025 Final Dividend - ₹30 June 4, 2025 Jindal Saw June 5, 2025 Final Dividend - ₹2 June 5, 2025 Rallis India June 5, 2025 Final Dividend - ₹2.50 June 5, 2025 Bank of Baroda June 6, 2025 Final Dividend - ₹8.35 June 6, 2025 Container Corporation of India June 6, 2025 Final Dividend - ₹2 June 6, 2025 East India Drums and Barrels Manufacturing June 6, 2025 Interim Dividend June 6, 2025 HDFC Asset Management Company June 6, 2025 Final Dividend - ₹90 June 6, 2025 High Energy Batteries India June 6, 2025 Final Dividend - ₹3 June 6, 2025 IFGL Refractories June 6, 2025 Final Dividend - ₹1 June 6, 2025 IndiaMART InterMESH June 6, 2025 Final Dividend - ₹30 June 6, 2025 IndiaMART InterMESH June 6, 2025 Special Dividend - ₹20 June 6, 2025 JSW Energy June 6, 2025 Final Dividend - ₹2 June 6, 2025 Dr Lal PathLabs June 6, 2025 Final Dividend - ₹6 June 6, 2025 L&T Technology Services June 6, 2025 Final Dividend - ₹38 June 6, 2025 Maithan Alloys June 6, 2025 Interim Dividend - ₹7 June 6, 2025 Nicco Parks & Resorts June 6, 2025 Interim Dividend - ₹0.40 June 6, 2025 QGO Finance June 6, 2025 Interim Dividend - ₹0.15 June 6, 2025 TAAL Enterprises June 6, 2025 Interim Dividend - ₹30 June 6, 2025 Tata Steel June 6, 2025 Final Dividend - ₹3.60 June 6, 2025 Technocraft Industries (India) June 6, 2025 Interim Dividend - ₹20 June 6, 2025
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Business Standard
29-05-2025
- Business
- Business Standard
Nuvama Wealth Management Q4 results: Net profit rises 41% to Rs 255 crore
Nuvama Wealth Management on Thursday reported a 41 per cent growth in net profit to Rs 255 crore for the fourth quarter ended March 2025. The wealth management firm earned a profit after tax of Rs 181 crore in the March quarter of 2023-24. Its total income rose to Rs 1,125 crore during the March quarter from Rs 929 crore in the corresponding quarter of FY24. For the full 2024-25 fiscal, Nuvama Wealth reported a 58 per cent growth in net profit to Rs 985 crore. In FY24, it had a profit of Rs 625 crore. Nuvama Group MD & CEO Ashish Kehair said in the Wealth Management business, the company saw strong momentum in net flows. "We continued to invest substantially for growth, we added sales capacity and expanded our geographical reach, including offshore. We further strengthened our digital infrastructure, including integration of AI tools to serve our clients better," Kehair said. The company's board has announced an interim dividend of Rs 69 per equity share of the face value of Rs 10 each for the financial year 2025-26. Shares of Nuvama Wealth Management closed at Rs 6,940.50, up 0.25 per cent over the previous close on BSE.
