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Business Standard
27-05-2025
- Business
- Business Standard
Fujita Corp-backed Neilsoft refiles draft IPO papers; cuts fresh issue size
Fujita Corporation-backed Neilsoft Ltd has refiled its draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO will have a combination of a fresh issue of shares worth Rs 90 crore and an offer-for-sale (OFS) of 80 lakh shares by promoters and existing shareholders, according to the draft red herring prospectus filed on Monday. The company has reduced its fresh issue size from Rs 100 crore planned at the time of filing draft papers in December 2024. The regulator had returned these preliminary papers in March this year. Neilsoft, a technology-driven engineering services and solutions company, plans to use Rs 69.63 crore to fund capital expenditure and the rest for general corporate purposes. Founded in 1991, Neilsoft provides customised engineering services, including AEC design solutions, industrial plant design, and manufacturing equipment and production line design. It also offers Engineering Process Outsourcing (EPO) services and develops tailored software applications to enable digital transformation. The Pune-headquartered company's revenue from operations increased by 12 per cent from Rs 291 crore in the fiscal 2023 to Rs 326 crore in FY24. Profit after tax increased by 24 per cent from Rs 46.64 crore in the fiscal 2023 to Rs 57.85 crore in FY24. For the three months ended June 30, 2024, revenue from operations was Rs 88.24 crore and PAT stood at Rs 14.09 crore. Equirus Capital and IIFL Capital Services are the book-running lead managers. The equity shares are proposed to be listed on the NSE and BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
27-05-2025
- Business
- Time of India
Fujita Corp-backed Neilsoft refiles draft IPO papers; cuts fresh issue size
Fujita Corporation-backed Neilsoft Ltd has refiled its draft papers with markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO will have a combination of a fresh issue of shares worth Rs 90 crore and an offer-for-sale (OFS) of 80 lakh shares by promoters and existing shareholders, according to the draft red herring prospectus filed on Monday. The company has reduced its fresh issue size from Rs 100 crore planned at the time of filing draft papers in December 2024. The regulator had returned these preliminary papers in March this year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trekking pants for mountain sports and adventure travel Trek Kit India Shop Now Undo Neilsoft, a technology-driven engineering services and solutions company, plans to use Rs 69.63 crore to fund capital expenditure and the rest for general corporate purposes. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Founded in 1991, Neilsoft provides customised engineering services, including AEC design solutions, industrial plant design, and manufacturing equipment and production line design. It also offers Engineering Process Outsourcing (EPO) services and develops tailored software applications to enable digital transformation. The Pune-headquartered company's revenue from operations increased by 12 per cent from Rs 291 crore in the fiscal 2023 to Rs 326 crore in FY24. Profit after tax increased by 24 per cent from Rs 46.64 crore in the fiscal 2023 to Rs 57.85 crore in FY24. Live Events For the three months ended June 30, 2024, revenue from operations was Rs 88.24 crore and PAT stood at Rs 14.09 crore. Equirus Capital and IIFL Capital Services are the book-running lead managers. The equity shares are proposed to be listed on the NSE and BSE.
Time of India
26-05-2025
- Business
- Time of India
Kolte-Patil Developers Q4 Results: Net profit at Rs 106.6 crore, total income surges to Rs 1,764 crore
Kolte-Patil Developers Ltd. reported a net profit of Rs 106.6 crore for the financial year 2024–25, compared to a net loss of Rs 69.4 crore a year ago. The company recorded its highest-ever annual total income at Rs 1,763.7 crore, up 26.5%. Collections for the year also rose to an all-time high of Rs 2,432 crore, marking an 18% increase. The Pune-headquartered developer's operating profit surged 252% to Rs 227.4 crore. Sales value for the year stood at Rs 2,791 crore, the company said in its earnings release. New launches contributed 42% of annual sales, reinforcing strong market traction. 'FY25 has been a strong year for the company, with milestones achieved across various operational and financial metrics. This has been driven by robust execution, healthy registrations, and active customer engagement. Average realizations improved by 8%, reflecting our disciplined pricing strategy across geographies,' said Atul Bohra, Group CEO, Kolte-Patil Developers. For the quarter ended March, the company reported a net profit of Rs 65.3 crore on the back of a total income of Rs 723.2 crore. During the quarter, the company launched projects with a combined gross development value (GDV) of around Rs 4,000 crore. It also acquired a joint development project spanning around 22 acres in Pune, expected to generate a GDV of about Rs 4,000 crore. Live Events
India.com
25-05-2025
- Business
- India.com
Good news for India as This Indian defense company gets order of Rs 1500000000 from Israel for...
Rocket launcher- Representative image Good news for India-Israel relations: In a significant development after Operation Sindoor, Nibe, a Pune-headquartered company has confirmed the receipt of a purchase order for the manufacturing and supply of Universal Rocket Launchers. The contract, worth $17.52 million (about Rs 150 crore) is expected to be executed by or before November 20 and as per the order, the Indian company will help Israel in making and supplying universal rocket launchers, which have a reported range of 300 kilometers. Here are all the details you need to know about the India-Israel deal. Nibe Limited is a Pune- based defense company of India which manufactures modern systems for defense. Focused on creating new technology, Nibe helps to strengthen India in terms of defense and export weapons. It has recently received an international order win worth Rs 150.6 crore from a leading Israel-based original equipment manufacturer (OEM). Although the company did not disclose the identity of the client, the deal is expected to help strengthen the India-Israel relations and also help secure the dream of 'self-reliant India' and 'Make in India'. As a result of the announcement of the deal, the shares of the company ended 0.84% in the green in the session on Friday, May 23. Op Sindoor Outreach: Delegation in Japan highlights India's fight against terrorism Tokyo In a significant step aimed at highlighting India's fight against terrorism after Oopearion Sindoor, an all-party parliamentary delegation led by Janata Dal (United) MP Sanjay Jha held interactions with dignitaries from Japan's political, governmental, and academic circles at India House in Tokyo conveying India's firm stance of zero tolerance for cross-border terrorism. The delegation is a part of India's global diplomatic outreach campaign to highlight the significance of Operation Sindoor and India's continued fight against Pakistan-sponsored cross-border terrorism. The Indian parliamentarians also highlighted Operation Sindoor as India's 'new normal' against cross-border terror attacks. (With inputs from agencies)
Canada Standard
22-05-2025
- Business
- Canada Standard
Emcure Pharmaceuticals achieves 63% profit growth, 20% in revenue during Q4-FY25
New Delhi [India], May 22 (ANI): Pune-headquartered pharma company Emcure Pharmaceuticals on Thursday reported that its Profit After Tax or net profit in the January-March 2025 quarter grew 63 per cent to Rs 197 crore. In the same quarter of 2023-24, the pharma company's net profits were at Rs 121 crore. The company's revenue from operations rose 19.5 per cent to Rs 2,116 crore. In the year ago period, the revenue mop up was at Rs 1,771 crore. In the entire year 2024-25, the net profits rose 34.1 per cent to Rs 707 crore, and the revenue from operations rose 18.6 per cent to Rs 7,896 crore. Emcure Pharmaceuticals on Thursday announced its consolidated financial results for the quarter and year ended March 31, 2025. The quarter saw strong performance across both its domestic and international businesses, the pharma company said in a statement. Emcure's domestic business grew by 24.8 per cent, led by its women's health and cardio franchises and further aided by its new focus areas of dermatology and OTC. The international business registered a growth of 15.6 per cent led by a robust 39.3 per cent growth in the Rest of the World segment. Its Canada business continued to perform well with Mantra now fully integrated. In Europe, it recently acquired a portfolio of products and secured key regulatory approvals which will aid growth going forward, it asserted in the statement. Satish Mehta, CEO and Managing Director, Emcure Pharmaceuticals Ltd., said, 'Emcure delivered a very strong performance in Q4 with all our businesses segments contributing to growth. Over the past year we have effectively executed our strategies across both Domestic and International markets.' 'On the Domestic side we have expanded our covered market and built a strong product pipeline of upcoming launches. In the International markets we are seeing approvals for our differentiated product offerings. Moving forward, while we continue to drive growth, our key priorities will be improving margins through new product launches and operating efficiencies,' Mehta added. Established in 1981, Emcure is currently present in over 70 countries. (ANI)
