logo
Siemens Energy India gets NSE & BSE approval for listing & trading its equity shares effective June 19

Siemens Energy India gets NSE & BSE approval for listing & trading its equity shares effective June 19

Business Upturn18-06-2025
By Aditya Bhagchandani Published on June 18, 2025, 20:54 IST
Siemens Limited has officially announced that its subsidiary, Siemens Energy India Limited (SEIL), will be listed on the stock exchanges on Thursday, June 19, 2025. The equity shares will be admitted to trading on both BSE and NSE, following approvals from the exchanges.
In a filing, Siemens stated:
'SEIL has informed Siemens Limited today that SEIL has received approval from BSE Limited and the National Stock Exchange of India Limited for listing and trading of its equity shares effective 19th June, 2025.'
The listing follows the Scheme of Arrangement initiated last year to demerge the energy business from Siemens Limited, a move intended to unlock shareholder value and enhance business focus. Key listing details: Listing Date: Thursday, June 19, 2025
Special Pre-open Session: 9:15 AM – 9:45 AM
Regular Trading Begins: 10:00 AM
Segment: 'T' Group (Trade-for-Trade) for the first 10 sessions
ISIN: INE1NPP01017
Number of Shares: 35.6 crore Price Discovery:
While a dummy price of ₹2,478/share was discovered on April 7, 2025, this was for indicative purposes. Fresh price discovery will occur on listing day during the pre-open session, which will determine the actual opening price for SEIL shares.
This marks a significant step for Siemens' energy business in India, offering shareholders a direct avenue to invest in one of the country's key energy solutions providers.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Check IPO allotment status for GNG Electronics IPO; Top subscribed IPO this year
Check IPO allotment status for GNG Electronics IPO; Top subscribed IPO this year

Business Upturn

timean hour ago

  • Business Upturn

Check IPO allotment status for GNG Electronics IPO; Top subscribed IPO this year

By Aditya Bhagchandani Published on July 28, 2025, 09:52 IST GNG Electronics Ltd is set to finalise its IPO share allotment today, Monday, July 28, after an overwhelming investor response made it the most subscribed IPO of the year. The ₹460.43-crore issue witnessed an overall subscription of 146.9 times when it closed on Friday, July 25. The IPO garnered bids for over 208.43 crore shares against 1.41 crore shares on offer. Retail investors subscribed 45.32 times their quota, while the Non-Institutional Investors (NIIs) segment was booked 226.45 times. The Qualified Institutional Buyers (QIBs) segment led the charge with a subscription of 266.21 times. The IPO consisted of a fresh issue of ₹400 crore and an offer-for-sale worth ₹60.44 crore. Proceeds from the fresh issue will be used to repay debt, meet working capital needs, and for general corporate purposes. How to check GNG Electronics IPO allotment status Allotment status can be checked via the BSE, NSE, or through the registrar Bigshare Services Pvt Ltd: On BSE website: Go to BSE IPO allotment page Select 'Equity' under issue type Choose 'GNG Electronics Ltd.' from the dropdown Enter your application number or PAN Click 'Search' On Bigshare Services: Visit Bigshare allotment page Select 'GNG Electronics Ltd' from the dropdown Provide your PAN/Application number/DP ID/Account number Click 'Submit' On NSE website: Investors can also check using PAN and application number on the NSE IPO portal. Shares are expected to be credited to Demat accounts by Tuesday, July 29, and refunds for unallotted shares will be processed the same day. Listing is scheduled for Wednesday, July 30, on both NSE and BSE. About GNG Electronics Operating under the 'Electronics Bazaar' brand, GNG Electronics is a leading refurbisher of laptops, desktops, and ICT devices, with operations across India and global markets. Risks to consider High oversubscription : A 146.9x subscription makes share allotment extremely competitive. : A 146.9x subscription makes share allotment extremely competitive. Grey Market Premium (GMP) : While current GMP is 42.19%, it's unofficial and volatile. : While current GMP is 42.19%, it's unofficial and volatile. Industry pressure : The refurbished electronics sector is highly competitive, possibly affecting margins. : The refurbished electronics sector is highly competitive, possibly affecting margins. Information gaps : Limited visibility on certain financial and operational data could be a concern. : Limited visibility on certain financial and operational data could be a concern. Regulatory risks: Compliance with SEBI and other norms could impact operations. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult your financial advisor before making any investment decisions. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Why are Lodha shares down nearly 6% today? Know More
Why are Lodha shares down nearly 6% today? Know More

Business Upturn

timean hour ago

  • Business Upturn

Why are Lodha shares down nearly 6% today? Know More

By Aditya Bhagchandani Published on July 28, 2025, 09:37 IST Shares of Lodha Developers Ltd. slumped nearly 6% in early trade on Monday to ₹1,203, despite the company posting a robust 42% year-on-year jump in consolidated net profit to ₹675 crore for the quarter ended June 30, 2025. The Mumbai-based real estate giant had reported a profit of ₹475 crore in the same quarter last year. Consolidated revenue also saw a healthy rise to ₹3,624 crore from ₹2,918 crore in Q1 FY25. Pre-sales for the quarter reached ₹4,450 crore, up 10% YoY, slightly below potential due to the temporary impact of the India-Pakistan crisis in May, according to Executive Director S.K. Modi. Still, the company reiterated its FY26 guidance of a 20% annual growth in pre-sales. During the quarter, Lodha launched projects worth ₹8,300 crore, mostly in Mumbai, including premium projects in Juhu and Alibaug, and additional launches in Bengaluru. The company has already achieved 90% of its business development guidance of ₹25,000 crore for the fiscal year and expects more activity in the festive quarters (Q3 and Q4), with the current quarter limited to phased rollouts of existing developments. Despite the strong financials and operational performance, the stock's decline on Monday may be attributed to profit booking by investors following the recent run-up. Disclaimer: The information provided is for informational purposes only and should not be construed as financial or investment advice. Stock market investments are subject to market risks. Readers are advised to conduct their own research or consult a certified financial advisor before making any investment decisions. Neither the author nor the platform assumes any liability for financial losses or decisions made based on this content. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Amber shares rise nearly 2% after announcing Rs 404 crore acquisition of Israel's Unitronics
Amber shares rise nearly 2% after announcing Rs 404 crore acquisition of Israel's Unitronics

Business Upturn

timean hour ago

  • Business Upturn

Amber shares rise nearly 2% after announcing Rs 404 crore acquisition of Israel's Unitronics

By Aditya Bhagchandani Published on July 28, 2025, 09:34 IST Shares of Amber Enterprises India Ltd rose nearly 2% to ₹7,394 in early trade on Monday, following the company's announcement of a definitive agreement to acquire a controlling stake in Israel-based Unitronics (1989) (R'G) Ltd. through its electronics division, ILJIN Electronics. The deal involves acquiring up to 40.24% of Unitronics' issued and outstanding share capital, bringing Amber's post-acquisition holding to 45.13% alongside co-investor Haim Shami. The acquisition is valued at 15.6 crore Israeli New Shekel, approximately ₹404 crore, and is expected to be completed within 60 business days. Unitronics, a Tel Aviv Stock Exchange-listed firm, specializes in industrial automation, offering a suite of products including programmable logic controllers (PLCs), human-machine interface (HMIs), integrated PLC-HMI solutions, SaaS-based UniCloud, and industrial IoT technologies. The strategic acquisition aligns with Amber's broader ambition to strengthen its electronics division and penetrate the industrial automation segment. The move is aimed at enhancing Amber's backward integration capabilities and tapping into global demand for Industry 4.0 solutions, while gaining access to key markets in the US and Europe. In 2024, Unitronics reported $57 million in revenue with EBITDA margins exceeding 30%, and currently holds a market capitalisation of $110 million. Investors appear optimistic about the growth potential this acquisition brings, pushing Amber's shares higher in Monday's session. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store