Latest news with #BSESMEPlatform
United News of India
23-06-2025
- Business
- United News of India
Abram Food Limited plans to raise up to Rs. 13.99 crore from public issue, IPO opens on June 24th 2025
New Delhi [India], June 21:New Delhi based Abram Food Limited is planning to raise Rs. 13.99 crore from its SME public issue. Incorporated in year 2009, the company is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Grain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible Oils. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on Tuesday, June 24 th 2025 and closes on Thursday, June 26 th 2025. Corporate Makers Capital Ltd is the Lead Manager to the Issue. The initial public offering of Rs. 13.99 crore is entirely a fresh issue of 14.28 lakh equity shares for a face value of Rs. 10 each with issue price fixed at Rs. 98 per equity share. Out of the fresh issue of Rs. 13.99 crore, company plans to utilize Rs. 3.85 crore towards capital expenditure for purchase of machineries, Rs. 6.70 crore towards funding of working capital requirement of the company, and rest for general corporate purpose. The minimum lot size for an application is 1,200. Retail investors are required to invest minimum amount of Rs. 1,17,600 whereas HNIs have to park Rs. 2,35,200 for minimum lot size of 2 lots (2,400 shares). Out of total 14,28,000 shares offered, 47.48% are reserved for the retail quota and 47.48% for HNI quota. Incorporated in 2009, Abram Food Limited is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Multi-Gain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible oils. It markets and sells its product range in Rajasthan, Delhi/NCR, and Uttar Pradesh under the brand name 'Kherliwala' through a network of distributors. The company also send their products under the various brands i.e. Rajasthan Royal, Black Buck, Double Moonch, Origo Natural, Karwan. Fresh public issue of Rs. 13.99 crore opens for subscription from June 24 th 2025 to June 26 th Minimum lot size for application is 1,200 shares; The minimum amount of investment required by retail investors is Rs. 1,17,600 whereas for HNI, the required investment will be amounting to Rs. 2,35,200 for 2,400 shares. Funds raised through the issue will be used for capital expenditure for purchase of machineries, funding of working capital requirement of the company and for general corporate purposes. For FY24-25 company reported total revenue of Rs. 64.09 crore and net profit of Rs. 3.26 crore. As on 31 March 2025, ROE at 38.62%, ROCE at 56.02% and EPS at 9.05 and P/E(x) at 10.83. The company Market Cap to Sales Ratio is 0.58 which is seems to be best in the industry. Corporate Makers Capital Ltd is the Lead Manager to the Issue. The company also provide Chana Dal, Atta, Besan, Chana Churi and Cattle Feed (Khal) to its distributors in bulk quantities of ranging from 30 to 50 kg packaging to sell in loose quantity to end customer through retail outlets. By prioritizing traditional processing techniques and in-house manufacturing practices, the company ensures that each product captures the authentic 'Taste of Rajasthan' delighting consumers with every bite. For FY24-25 ended on 31 March 2025, the company's total revenue increased by 78% to Rs. 64.09 crore against Rs. 36.14 crore in FY 2024. The company's net profit jumped significantly by 220% to Rs. 3.26 crore after Tax in 2025 against Rs. 1.02 crore after Tax in 2024, with a healthy EBIDTA margin of 7.92%. The Company is expecting a Growth of 56% in revenue and 26% in Net profit after Tax in the Financial year 2025-2026 by utilising the IPO proceeds. IPO Opens on – June 24, 2025 IPO Closes on – June 26, 2025 Issue Price (Fixed) – Rs. 98 Per Share Issue Size – 14.28 lakh shares – Rs. 13.99 crore Lot Size – 1,200 Shares Listing on – BSE SME Platform If you object to the content of this press release, please notify us at We will respond and rectify the situation within 24 hours.
Business Standard
23-06-2025
- Automotive
- Business Standard
EV Company, Supertech EV Plans To Raise Up To Rs. 29.90 Crore From Public Issue, IPO Opens On June 25, 2025
PNN Faridabad (Haryana) [India], June 23: Supertech EV Limited- One of the pioneering forces in the Indian electric vehicle (EV) market with a focus on Electric two wheelers (E2W) and Electric three wheelers (E3W) is planning to raise up to Rs. 29.90 crore from its SME public issue. The company has received approval to launch its public issue on the BSE SME Platform. The public issue will open for subscription on June 25, 2025 and will close on June 27, 2025. Corporate Makers Capital Ltd is the book-running lead manager of the issue. The initial public offering of Rs. 29.90 crore is entirely a fresh issue of 32,49,600 equity shares for a face value of Rs. 10 each. Price band for the issue is Rs. 87 - Rs. 92 per share. Out o the issue proceeds, company plans to use Rs. 16.50 crore towards funding of working capital requirements, Rs. 3 crore for repayment of portion of certain borrowings and remaining for general corporate purposes and issue related expenses. Minimum lot size for the application is 1,200 shares, which translates into a minimum investment of Rs. 1,10,400 at an upper price band of Rs. 92 per share. The retail quota for the issue is 47.51%, NII is 47.47%, QIB is 5.02%, and Market Maker is 5.02%. Highlights: * IPO opens for subscription on June 25, 2025 and closes on June 27, 2027; Minimum lot size for application is 1,200 shares; Minimum investment required at a higher price band of Rs. 92 per share is Rs. 1,10,400 * Funds raised through the issue will be used to meet working capital requirements, Repayment of a portion of certain borrowings of the company and general corporate purposes * Company's product portfolio includes 12 models, comprising 8 variants of electric two-wheelers and 4 variants of E-Rickshaws. * For FY24-25 company reported revenue of Rs. 75.19 crore and net profit of Rs. 6.19 crore * Healthy Returns Ratio as on 31 March 2025 - ROE/ RONW at 36.66%, ROCE at 47.95% * Corporate Makers Capital Ltd is the book-running lead manager of the issue Incorporated in 2022, Supertech EV Ltd is one of the pioneers in the Indian electric vehicle (EV) market. The company offers a wide range of electric two-wheelers, three-wheelers, garbage disposal vans and loaders catering to the diverse needs of the Indian consumer. The company's product portfolio includes 12 models, comprising 8 variants of electric two-wheelers and 4 variants of E-Rickshaws. The company has built a distribution network of 445 distributors and has a presence across 19 states in India, including Delhi, Haryana, Punjab, Himachal Pradesh, Uttarakhand, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, among others. Company has recently launched products including - Cargo Max, Passenger Max and Zapster Pro in the market in FY 25-26. India is experiencing a remarkable surge in the sales of electric vehicles, signalling a transformative shift towards sustainable mobility, led by rising subsidies and new launches. In FY 2024, the share of electric two-wheelers was 5 per cent, which is likely to see a significant increase in the years to come. The company plans to capitalise on the burgeoning opportunities in the electrification of mobility, aligning our efforts with India's vision for a greener future. For FY24-25 ended on 31 March 2025, the company's total revenue increased by 17.23% to Rs. 75.19 crore against Rs. 65.14 crore in FY 2024. The company's net profit rose 23.3% to Rs. 6.19 crore in FY 2025, compared to Rs. 5.02 crore in FY 2024, with a healthy EBITDA of Rs. 9.48 crore in FY 2025. The net worth and Asset base of the company as of March 2025 stand at Rs. 16.89 crore and Rs. 44.18 crore. The company has maintained a healthy return ratio, which as of 31 March 2025, stands as follows: Return on Equity and Return on Net Worth stand at 36.66% and Return on Capital Employed at 47.95%. IPO Highlights - Supertech EV Ltd * IPO Opens on: June 25, 2025 * IPO Closes on: June 27, 2025 * Issue Price Band: Rs. 87 - 92 per share * Issue Size: 32.49 lakh shares - up to Rs. 29.90 crore * Lot Size: 1,200 shares * Listing on: BSE SME Platform (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Business Standard
21-06-2025
- Business
- Business Standard
Abram Food Limited plans to raise up to Rs. 13.99 crore from public issue, IPO opens on June 24th 2025
PNN New Delhi [India], June 21: New Delhi based Abram Food Limited is planning to raise Rs. 13.99 crore from its SME public issue. Incorporated in the year 2009, the company is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Grain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible Oils. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on Tuesday, June 24th 2025 and closes on Thursday, June 26th 2025. Corporate Makers Capital Ltd is the Lead Manager to the Issue. The initial public offering of Rs. 13.99 crore is entirely a fresh issue of 14.28 lakh equity shares for a face value of Rs. 10 each with issue price fixed at Rs. 98 per equity share. Out of the fresh issue of Rs. 13.99 crore, company plans to utilize Rs. 3.85 crore towards capital expenditure for purchase of machineries, Rs. 6.70 crore towards funding of working capital requirement of the company, and rest for general corporate purpose. The minimum lot size for an application is 1,200. Retail investors are required to invest minimum amount of Rs. 1,17,600 whereas HNIs have to park Rs. 2,35,200 for minimum lot size of 2 lots (2,400 shares). Out of total 14,28,000 shares offered, 47.48% are reserved for the retail quota and 47.48% for HNI quota. Incorporated in 2009, Abram Food Limited is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Multi-Gain Atta, Maida, Sooji, Spices, Cattle Feed (Khal), and Edible oils. It markets and sells its product range in Rajasthan, Delhi/NCR, and Uttar Pradesh under the brand name "Kherliwala" through a network of distributors. The company also send their products under the various brands i.e. Rajasthan Royal, Black Buck, Double Moonch, Origo Natural, Karwan. Highlights: -Fresh public issue of Rs. 13.99 crore opens for subscription from June 24th 2025 to June 26th 2025. -Minimum lot size for application is 1,200 shares; The minimum amount of investment required by retail investors is Rs. 1,17,600 whereas for HNI, the required investment will be amounting to Rs. 2,35,200 for 2,400 shares. -Funds raised through the issue will be used for capital expenditure for purchase of machineries, funding of working capital requirement of the company and for general corporate purposes. -For FY24-25 company reported total revenue of Rs. 64.09 crore and net profit of Rs. 3.26 crore. -As on 31 March 2025, ROE at 38.62%, ROCE at 56.02% and EPS at 9.05 and P/E(x) at 10.83. -The company Market Cap to Sales Ratio is 0.58 which is seems to be best in the industry. -Corporate Makers Capital Ltd is the Lead Manager to the Issue. The company also provide Chana Dal, Atta, Besan, Chana Churi and Cattle Feed (Khal) to its distributors in bulk quantities of ranging from 30 to 50 kg packaging to sell in loose quantity to end customer through retail outlets. By prioritizing traditional processing techniques and in-house manufacturing practices, the company ensures that each product captures the authentic "Taste of Rajasthan" delighting consumers with every bite. For FY24-25 ended on 31 March 2025, the company's total revenue increased by 78% to Rs. 64.09 crore against Rs. 36.14 crore in FY 2024. The company's net profit jumped significantly by 220% to Rs. 3.26 crore after Tax in 2025 against Rs. 1.02 crore after Tax in 2024, with a healthy EBIDTA margin of 7.92%. The Company is expecting a Growth of 56% in revenue and 26% in Net profit after Tax in the Financial year 2025-2026 by utilising the IPO proceeds. IPO Highlights- Abram Food Ltd IPO Opens on - June 24, 2025 IPO Closes on - June 26, 2025 Issue Price (Fixed) - Rs. 98 Per Share Issue Size - 14.28 lakh shares - Rs. 13.99 crore Lot Size - 1,200 Shares Listing on - BSE SME Platform (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Business Standard
02-06-2025
- Business
- Business Standard
ITCONS E-Solutions Reports 100 Percent Revenue Growth in FY 2024-25 Over Previous Fiscal
PNN New Delhi [India], June 2: ITCONS E-Solutions Ltd., a leading New Delhi-based player in India's Staffing and Human Resource Solutions sector, has once again exceeded expectations by posting exceptional results for FY2024- 25. The company recorded almost a 100% year-on-year (YoY) increase in revenue, the figure of INR 57.06 crore for the last financial year ending March 31, 2025, compared to INR 28.73 crore in the same period in FY 2023-24. Net profit also saw significant growth, recording PAT of INR 3.20 crore FRO fy 2024-25 from PAT of INR 1.90 crore in FY 2024-25. Earnings Per Share (EPS) for the periods stood at INR 5.23, underscoring the company's robust financials. During this financial year, the company consolidated its IT Manpower & added Technical Testing & IT Asset Management Consulting Services business, and added three prestigious clients, cumulating to INR 13 crore contributions in the financial year 2024-25. The company has a promising Book size in this new line of business. Government business, which became a focus at the start of FY2024- 25, grew manifold, and from 2 active clients at the start of the financial year, 19 new clients got added, cumulating to a book size of close to INR 52 crores. Orders were of different durations, ranging from 8 months to 36 months. Government business alone contributed to addition of close to 1000 manpower. ITCONS increased their footprint in the General Staffing business as well, gaining expertise in Temporary & Permanent Staff Services in the Highly Skilled, Skilled, Semi-Skilled & Unskilled resource categories. On achieving the excellent growth, the ITCONS board has also decided to give a 1.5% dividend of ITCONS Shares' face value, i.e. INR 0.15/ share, to its shareholders. Dr Gaurav Mittal, Managing Director, ITCONS E-Solutions Ltd, attributed the company's growth to the deployment of Technology & Process Standardisation to increase Per Person Productivity. Company's focus lead on developing expertise in all kinds of Staffing business in various industry verticals, across all types of resources, Permanent & Temporary Staffing servicers & entering and consolidating IT Staffing, IT Services, General Staffing & Government business. This opens new avenues for faster growth and goes a long way in business expansion, which not only will reduce dependency of the IT Staffing & Services Business but has been a Business Risk Mitigation Strategy as well. The company's stock market journey has been equally notable. ITCONS debuted on the BSE SME Platform in February-March 2023 with an IPO priced at Rs 51 per share, raising Rs 8.67 crore. Since listing, the stock achieved a high of Rs 767 during FY 2024-25 and currently trades at Rs 508.95, reflecting strong investor sentiment despite various market aberrations. To increase investor value, the company intends to explore an inorganic growth route in the staffing business by strategic acquisition in FY 2025-26 and has set the ground in place to diversify into Solar Power production. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Business Standard
26-05-2025
- Business
- Business Standard
Astonea Labs Ltd plans to raise up to Rs. 37.67 crore from Public Issue; IPO opens on May 27
PNN New Delhi [India], May 26: Haryana based pharmaceutical and cosmetic products manufacturer, Astonea Labs Ltd is planning to raise Rs. 37.67 crore from its SME public issue. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on May 27 and closes on May 29. Oneview Corporate Advisors Private Limited is the lead manager of the issue. Company plans to issue 27.90 lakh Equity shares of Rs. 10 face value at a price band of Rs. 128- Rs. 135 per share; Shares to list on BSE SME Highlights:- * Fresh Public issue of Rs. 37.67 crore opens for subscription from May 27 to May 29 * Minimum lot size for application is 1000 shares; Minimum IPO application amount at the higher side of this issue is Rs. 1.35 lakh * Funds raised through the issue will be used for Expenses, Business & Capacity Expansion, Advertising & Marketing, Investment in procuring hardware and software and Funding Capital Expenditure * For FY23-24 company reported revenue of Rs. 80.29 crore and Net Profit of Rs. 3.81 crore * As on 31 March 2024, ROE at 37.86%, ROCE at 22.95% and RoNW at 31.83%. * Oneview Corporate Advisors Private Limited is the lead manager of the issue. The initial public offering of Rs. 37.67 crore comprises of a fresh issue of 27.90 lakh equity shares of face value Rs. 10 each with a price band of Rs. 128 to Rs. 135 per share. Out of the fresh issue of Rs. 37.67 crore, company plans to utilize Rs. 1.29 crore towards funding of expenses proposed to be incurred towards registration in Bolivia, South America while Rs. 5.2 crore will be used towards purchase and installation of plant and machineries for ointment production for the purpose of export in accordance with the international standards and protocols. Company also plans to utilize Rs 4.95 crore for advertising, marketing and brand building, Rs. 68 lakh for investment in procuring hardware and software and Rs. 19.75 crore for working capital requirements. Minimum lot size for the application is 1000 shares which translates in to minimum investment of Rs. 1.35 lakh per application on higher side of issue. The retail quota is 35%, QIB is 50%, and HNI is 15%. Incorporated in 2017, Astonea Labs Ltd. is engaged in contract manufacturing of pharmaceutical and cosmetic products for companies both within India and internationally. The company manufactures and markets a variety of pharmaceutical and cosmetic products, including antibiotics, anti-cold medicines, antihistamines, and treatments for diabetes, heart, gynecological issues, infections, and more. The company offers skin, tooth, and hair care products in forms like gels, creams, and serums, and also trades packaging and raw materials for pharmaceutical and cosmetic industries, meeting industry standards. The company engages in contract manufacturing of pharmaceutical and cosmetic products, markets its own brands "Glow Up" and "Regero," plans to launch "Avicel," and exports to countries like Iraq and Yemen. For FY23-24 ended March 2024, the company reported revenue of Rs80.29 crores in 2024 against Rs67.26 crore in 2023. The company reported profit of Rs3.81 crores in 2024 against profit of Rs0.67 crores in 2023, with a healthy EBITA margin of 14.60% and PAT margin of 4.75%. For the nine months ended December 2024, company reported total revenue of Rs. 69.55 crore and Net Profit of Rs. 4.10 crore. As on 31st March 2024, ROE of the company was at 37.86%, ROCE at 22.95% and RONW at 31.83%.
