Latest news with #QualifiedInstitutional
&w=3840&q=100)
Business Standard
3 days ago
- Business
- Business Standard
Last day! Arisinfra Solutions IPO ends today; 1.3x subscription, GMP at 6%
Arisinfra Solutions IPO Day 3 subscription status: The three-day subscription window to bid for the initial public offering (IPO) of Arisinfra Solutions is set to conclude today, 20 June 2025. The public offering, which opened for subscription on Wednesday, 18 June, has received a muted response from investors. According to the data available on the National Stock Exchange (NSE), Arisinfra Solutions IPO has received bids for 1,73,03,085 shares against 1,30,84,656 on offer, resulting in an oversubscription of 1.32 times by the end of the second day of subscription, 19 June. The highest demand for the public offering came from retail investors, who oversubscribed the category reserved for them by 3 times. This was followed by the Non-Institutional Investors (NIIs) at 1.39 times, and Qualified Institutional Buyers (QIBs) at 0.73 times. Arisinfra Solutions IPO details The Arisinfra Solutions IPO, valued at around ₹499.60 crore, comprises an entirely fresh issue of 22.5 million equity shares without any offer for sale (OFS) component. The public offering is available at a price band of ₹210–222 per share, with a lot size of 67 shares. A retail investor can bid for a minimum of 67 shares and in multiples thereof, with an investment amount of ₹14,874 (at the upper end of the IPO price). To bid for a maximum of 13 lots or 871 shares of Arisinfra Solutions IPO, a retail investor would require ₹1,93,362. Arisinfra Solutions IPO grey market premium (GMP) The unlisted shares of Arisinfra Solutions were commanding a decent premium in the grey market on the final day of its subscription period. According to sources tracking unofficial market activities, Arisinfra Solutions shares were quoted trading at around ₹235 apiece, reflecting a grey market premium (GMP) of ₹13 or 5.86 per cent over the upper end of the issue price. Arisinfra Solutions IPO review Brokerage firm Arihant Capital has assigned a Neutral rating to the Arisinfra Solutions IPO, while Bajaj Broking has advised investors to subscribe to the public issue from a long-term perspective. READ MORE Arisinfra Solutions IPO allotment date, listing date As the subscription window concludes today, the basis of allotment for Arisinfra Solutions IPO shares is likely to be finalised on Monday, 23 June 2025. The successful allottees will receive the company's shares in their demat accounts by Tuesday, 24 June 2025. Arisinfra Solutions shares are slated to list on the NSE and BSE, tentatively on Wednesday, 25 June 2025. Arisinfra Solutions registrar, lead manager MUFG Intime India (erstwhile Link Intime India) serves as the registrar for the public issue. The book-running lead managers include JM Financial, IIFL Securities, and Nuvama Wealth Management. Arisinfra Solutions IPO objective Arisinfra Solutions proposes to utilise the IPO proceeds for repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company. The company will further use the proceeds to fund its working capital requirements, as well as for investment in its subsidiary, Buildmex-Infra (Buildmex), to support its working capital needs. Arisinfra Solutions will further use the remaining proceeds for general corporate purposes and unidentified inorganic acquisitions. About Arisinfra Solutions Arisinfra Solutions is a B2B technology-driven platform that simplifies procurement processes for construction and infrastructure companies. The company streamlines bulk purchasing of construction materials, leveraging a wide vendor network to serve developers and contractors. Arisinfra Solutions delivered 10.35 million metric tonnes of construction materials between April 2021 and March 2024, utilising 1,458 vendors and serving 2,133 customers. The company's product portfolio includes steel, cement, and other construction materials. Arisinfra Solutions has a subsidiary, ArisUnitern Re Solutions Private Limited, which provides value-added services to real estate developers.
Mint
02-05-2025
- Business
- Mint
SBI share price gains ahead of Q4 results 2025. Should you buy as market expects mixed earnings?
State Bank of India (SBI), the largest state-run lender in the country, is set to announce its Q4 results tomorrow, Saturday, May 3. SBI share price gained over a percent on Friday ahead of Q4 results. SBI share price rose as much as 1.87% to ₹ 802.95 apiece on the BSE. SBI board of directors is scheduled to meet on May 3 to consider earnings for the fourth quarter of FY25 along with the earnings for the full financial year 2024-2025. The board will also discuss and approve the proposal for raising equity during FY26 by way of Follow-on Public offer (FPO) / Rights issue / Qualified Institutional Placement (QIP) and any other mode or combination of these, as may be decided at the opportune time or as may be approved by Government of India and the Reserve Bank of India (RBI), SBI said in a regulatory filing. SBI Q4 results are expected to see a drop in net profit due to rise in bank's provisions during the quarter ended March 2025. Here's what to expect from SBI Q4 results 2025: SBI is expected to report a 10%-15% drop in net profit for the March 2025 quarter, according to estimates by five brokerage firms. As per Axis Securities, SBI is estimated to post a net profit of ₹ 18,106 crore, registering a fall of 12.5% from ₹ 20,698 crore in the year-ago period. The bank's net interest income (NII) in Q4FY25 is likely to increase 2.5% to ₹ 42,696 crore from ₹ 41,655 crore, year-on-year (YoY). Net interest margin (NIM) of the bank is estimated to decline marginally on a sequential basis. Pre-Provisioning Operating Profit (PPOP) in the quarter ended March 2025 is estimated to fall 6.5% to ₹ 26,886 crore from ₹ 28,748 crore, YoY. However, PPOP is expected to grow on a quarter-on-quarter (QoQ) basis by 14.2% on the back of improved Opex ratios and better non-interest income, analysts said. SBI's provisions in Q4FY25 is estimated to be ₹ 2,619 crore, up 187.4% from ₹ 911 crore QoQ, and up 62.7% YoY from ₹ 1,610 crore. Analysts expect SBI's credit costs to normalise, while asset quality to improve marginally. According to Motilal Oswal Financial Services, SBI's gross non-performing assets (GNPA) as a percentage of gross advance, is likely to fall to 1.96% in Q4FY25 from 2.07% in Q3FY25. Net NPA ratio is also likely to drop to 0.50% in the March 2025 quarter from 0.53% from December 2024 quarter. SBI's advances and deposits growth are expected to remain healthy, ahead of systemic growth. MOFSL expects SBI's deposits growth in Q4FY25 to be at 9.2%, while loan growth is pegged at 13.1%. SBI share price has gained 3% over the past month but has remained largely flat on a year-to-date (YTD) basis. Over the past year, the PSU banking stock has declined by more than 3%. However, over a two-year period, SBI share price has delivered a robust return of 40%, and over the past five years, it has generated multibagger returns of 320%. MOFSL has a 'Buy' rating on SBI shares with a target price of ₹ 925 apiece. On the technical front, SBI share price has broken out of a bullish 59-day cup and handle pattern on daily charts with above-average volumes in mid-April, according to Anshul Jain, Head of Research at Lakshmishree Investments. 'The current downmove is merely a retest of the breakout zone near ₹ 780. Price action remains constructive, and dips towards the ₹ 780 – 770 zone offer a buying opportunity. As long as SBI stock holds above this range, an immediate upside towards ₹ 835 is likely, with a further potential to test ₹ 875 in the coming sessions,' Jain said. At 3:20 PM, SBI share price was trading 1.62% higher at ₹ 800.95 apiece on the BSE. 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. First Published: 2 May 2025, 03:21 PM IST
Time of India
29-04-2025
- Business
- Time of India
SBI board to weigh equity fundraising plan during May 3 results meet
Country's largest lender State Bank of India plans to raise equity capital in the current financial year and will discuss the proposal on May 3. At a meeting scheduled on May 3 to consider quarterly and annual financial results, the bank's board will also discuss and approve the proposal for raising equity during FY26, according to exchange filing on Tuesday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The bank did not say how much capital it is planning to raise. 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. The fund-raise could be a follow-on public offer (FPO)/rights issue/Qualified Institutional Placement (QIP) and any other mode or combination of these. The capital raise is subject to opportune time or as may be approved by the government and the Reserve Bank of India, SBI said. The capital raising plans assume significance because the bank's capitalization remains weaker compared to its peers, according to analysts. Live Events 'The bank's risk-adjusted capital (RAC) ratio could stay moderate at 6.0%-6.3% over the next two years, versus 5.9% as of March 31, 2024. Capitalization remains lower than that of large private banks in India,' S&P Global Ratings said in a ratings note on SBI last week. SBI's common equity Tier 1 (CET1) ratio, including profits for nine months, stood at nearly 11%, above the minimum regulatory requirements. Fitch Ratings estimates that CET-1 ratio is likely to remain below 11.5% over the next two years without a fresh equity injection. 'Risks to core capital have eased, given a single-digit net impaired loans/CET1 ratio, but capital can be vulnerable to stress given SBI's risk appetite and modest buffers over the minimum required 8.6%,' it had said in note last month. In the last few years, SBI had supported its credit growth through internal capital accretion, analysts said. The bank last raised equity capital from the market in 2017. Then it had raised Rs15,000 crore through QIP.
Mint
25-04-2025
- Business
- Mint
Small-cap NSE SME stock hits upper circuit after THIS fundraise
Stock Market Today- Small-cap NSE SME stock hit upper circuit in morning trades on Friday on the National Stock Exchange after it announced the fundraise update. Kay Cee Energy & Infra said it has raises ₹ 2502.72 Lakhs in Qualified Institutional Placement (QIP). Kay Cee Energy & Infra announced that it has successfully raised ₹ 2502.72 through its first-ever Qualified Institutional Placement (QIP). The QIP was launched by Kay Cee Energy & Infra on April 21, 2025, and closed on April 24, 2025. The QIP saw significant interest from both domestic and international investors, underscoring strong confidence in the company's strategic vision and market position, said the company The main business of Kay Cee Energy & Infra Limited is to supply various government agencies and private organizations with specialized services related to the construction and commissioning of power transmission and distribution systems, including overhead and underground lines, substation construction, automation, etc. Kay Cee Energy & Infra has allocated 12,64,000 equity shares, each with a face value of ₹ 10, to qualified institutional buyers (QIBs) at an issue price of ₹ 198 per share. This pricing represents a discount of approximately 4.85% to the QIP floor price of ₹ 208.10 per share. The QIP was fully subscribed, as per company. Key investors participating in this QIP as per Kay Cee Energy & Infra include Hdfc Bank Limited, Niveshaay Hedgehogs Fund, Shine Star Build Cap Pvt Ltd, Moneywise Financial Services Pvt. Ltd., and Nine Alps Opportunity Fund, amongst others. The proceeds from the QIP will be strategically deployed to accelerate Kay Cee Energy & Infra Limited growth plans. These include funding working capital requirement for the expected rapid growth in the coming years. Commenting on the fund raise, Mr. Lokendra Jain, Chairman and Managing Director said: 'The overwhelming response to our QIP from both domestic and international investors is a testament to their trust in Kay Cee Energy & Infra Limited vision and strategy'. The successful completion of this QIP, as per Jain marks a pivotal moment in the journey. The raised capital will fortify our working capital requirements and ensure to maintain robust growth momentum,added Jain The Book Running Lead Managers (BRLMs) to the QIP issue were GYR Capital Advisors Private Limited. Kay Cee Energy & Infra share price movement Kay Cee Energy & Infra share price opened at ₹ 242.25 on the NSE on Friday. At the time of opening the Kay Cee Energy & Infra share price was 2% higher than the previous days closing price of ₹ 237.50. The level of ₹ 242/25 also was the upper price band of Kay Cee Energy & Infra share price and hence the Kay Cee Energy & Infra shares were locked in the upper circuit Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 25 Apr 2025, 10:59 AM IST
