Latest news with #Jaipur-based
Economic Times
2 days ago
- Business
- Economic Times
Laxmi India Finance eyes Rs 254-cr via IPO; issue to open on July 29
NBFC player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore initial public offering (IPO). ADVERTISEMENT The initial share sale will open for public subscription on July 29 and conclude on July 31, the company announced. The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band. Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers. As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network. ADVERTISEMENT Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh as of March 2025. The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore for fiscal 2025 against Rs 173 crore in the preceding fiscal, and its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period. PL Capital Markets is the sole book-running lead manager to the public issue. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Laxmi India Finance eyes Rs 254-cr via IPO; issue to open on July 29
NBFC player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore initial public offering (IPO). The initial share sale will open for public subscription on July 29 and conclude on July 31, the company announced. Explore courses from Top Institutes in Please select course: Select a Course Category others MBA Leadership Product Management Artificial Intelligence Data Science Project Management CXO Finance Digital Marketing Data Analytics MCA Cybersecurity Management Others Design Thinking healthcare PGDM Operations Management Degree Public Policy Technology Data Science Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band. Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers. Live Events As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network. Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh as of March 2025. The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore for fiscal 2025 against Rs 173 crore in the preceding fiscal, and its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period. PL Capital Markets is the sole book-running lead manager to the public issue.
News18
2 days ago
- Business
- News18
Laxmi India Finance eyes Rs 254-cr via IPO; issue to open on July 29
New Delhi, Jul 23 (PTI) NBFC player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore initial public offering (IPO). The initial share sale will open for public subscription on July 29 and conclude on July 31, the company announced. The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band. Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers. As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network. Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh as of March 2025. The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore for fiscal 2025 against Rs 173 crore in the preceding fiscal, and its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period. PL Capital Markets is the sole book-running lead manager to the public issue. PTI SP SP SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 23, 2025, 15:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
2 days ago
- Business
- Hans India
Dynamic Cables' Q1 net profit drops 22.75 pc to Rs 18.2 crore; revenue falls nearly 21 pc
Mumbai: Jaipur-based Dynamic Cables Limited on Wednesday reported a decline in its financial performance for the first quarter (Q1) of FY26, with net profit falling by 22.75 per cent quarter-on-quarter (QoQ) to Rs 18.2 crore, compared to Rs 23.56 crore in the previous quarter (Q4 FY25). The company also saw its revenue from operations drop by 20.88 per cent, standing at Rs 262.03 crore in Q1, down from Rs 331.17 crore in Q4 FY25, according to its stock exchange filing. Total income for the quarter came in at Rs 264.77 crore, showing a decline of 20.39 per cent QoQ. On the expenses side, the company recorded Rs 240.4 crore in total expenses in Q1, a decrease of 20.37 per cent from Rs 301.9 crore in the previous quarter, the company stated in its regulatory filing. The company's total expenses included Rs 233.3 crore towards cost of materials consumed, Rs 10.01 crore on employee benefits, Rs 2.66 crore in finance costs, Rs 2.65 crore in depreciation and amortisation, and Rs 13.82 crore under other expenses. As of June 30, Dynamic Cables' order book stood at approximately Rs 734 crore, a significant rise from Rs 468 crore a year earlier. The company said this growth was largely driven by strong demand in the power utilities/EPC, export, and renewable energy segments. Dynamic Cables' Managing Director, Ashish Mangal, attributed this to strong domestic demand from both government and private sector projects in power distribution and renewable energy, along with consistent export contributions of around 10 per cent, even amid geopolitical challenges. He expressed optimism for the upcoming quarters, saying the company is well-positioned to capitalise on growth opportunities thanks to supportive policies and increased infrastructure investments. 'With a robust order book, a clear growth roadmap, and a strong emphasis on execution, we are confident in our ability to maintain this momentum and create long-term value for all stakeholders,' Mangal added. Dynamic Cables Limited manufactures a wide range of power infrastructure cables including low voltage, medium voltage, high voltage, control, instrumentation, and signalling cables. It supplies to government discoms, private utilities, EPC contractors, industrial clients, and exports markets. The company operates three manufacturing units in Jaipur and Reengus, with its corporate office and five regional sales offices based across India.
The Hindu
3 days ago
- Business
- The Hindu
‘Innovations, creativity among youth key factors to promote climate action'
Innovations, creativity and digital fluency among the youth were the key factors to promote environmental and climate action, which could ensure sustainability and pave the way for 'green growth', experts said at conference on 'youth sustainability' here on Monday (July 21, 2025). The event formed part of a campaign for involving youth in the action to control climate change. The experts described the youth as not just the leaders of tomorrow, but as the 'solution providers of today', while calling upon them to adopt a shared vision of green economy. An environmentally sustainable economy could be evolved with proper resource management, collaborations and upskilling. Water conservationist and Magsaysay Award winner Rajendra Singh said the challenges of climate urgency had produced opportunities to learn the use of indigenous knowledge systems. 'Communities equipped with local wisdom can conserve water and revive the dry and dead rivers,' Mr. Singh said. Highlighting the role of Tarun Bharat Sangh, established by him, in the revival of Arvari river in Alwar district with the construction of small check dams, Mr. Singh said the adoption of prudent agricultural practices would make the ecosystem healthy and mitigate the impact of climate change. Haridev Joshi University of Journalism Vice-Chancellor Sudhi Rajiv said the individual and collective action of the youth could help improve environmental outcomes, even as the educational institutions could function as 'living laboratories' for sustainability. Rajasthan Chamber of Commerce and Industry president K.L. Jain said the industries must not merely be engines of growth, but they should become champions of green innovation. 'The sectors such as renewable energy, electric vehicles, sustainable agriculture and circular economy will be at the forefront of India's transition into a green economy in the next ten years,' he said. Experts addressing the sessions on youth-industry synergy, digital narratives, and harnessing communication said the energy of youth and the experience and resources of industry should be brought together to create a green, inclusive and resilient economy. To bridge the gap between the academia and the industry on climate action, the steps suggested by the speakers included co-creation of curriculum, encouraging apprenticeships and on-field exposure, supporting research and development collaborations, developing centres of excellence and incentivising startups and innovation labs. The campaign for climate action has been taken up under the aegis of Jaipur-based Lok Samvad Sansthan (LSS) and New Delhi-based Sustainability Karma. LSS secretary Kalyan Singh Kothari said the youth were being encouraged to produce contents to sensitise the people on the challenges of environmental degradation and promote sustainable living.
