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News18
a day ago
- Business
- News18
Sambhv Steel Tubes IPO Allotment Date: GMP Rises Ahead of Listing, Check Subscription Status
Last Updated: The GMP of the Suntech Infra Solutions IPO is 17.07% today; its allotment is scheduled to be finalised on Monday, June 30. Sambhv Steel Tubes IPO Allotment Date: The Sambhv Steel Tubes IPO has received a strong 30.33x subscription on the final day of bidding on Friday, amid a decent GMP. Its grey market premium of 17.07% signals decent listing gains for investors. However, brokerage reports have recommended the company for the long-term play due to its fully backward integration. As the issue has closed, investors are awaiting its allotment. The allotment of the Sambhv Steel Tubes IPO is scheduled to be finalised on Monday, June 30. Sambhv Steel Tubes IPO: A Step-By-Step Guide To Check Allotment Status Once the IPO allotment is finalised, investors will start receiving bank debit messages, most probably in the evening on June 30. They can also check their allotment status on the websites of the NSE as well as registrar Kfin Technologies. The allotment status can be checked by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Sambhv Steel Tubes Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. and check the Sambhv Steel Tubes IPO allotment status. The allotment status can also be checked on the NSE's website at According to market observers, the GMP of the Suntech Infra Solutions IPO has increased to 17.07% currently. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Sambhv Steel Tubes IPO Listing Date The listing of Sambhv Steel Tubes Ltd's shares will take place on Wednesday, July 2, on both BSE and NSE. Sambhv Steel Tubes IPO: More Info The IPO consists of a fresh issue of equity shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore by the company's promoter and promoter group shareholders. It was open for public subscription between June 25 and June 27. On the final day of bidding on Friday, the Sambhv Steel Tubes IPO received a 30.33 times subscription, garnering bids for 1,40,13,19,920 shares as against the 6,58,69,293 shares on offer. The retail and NII participation stood at 8.56 times and 33.88 times, respectively. Its qualified institutional buyer (QIB) category got a 66.36 times subscription. The price band was fixed at Rs 77 to Rs 82 per equity share of face value Rs 10 each. Most brokerage firms gave 'subscribe' recommendations to the IPO, with most advising investors to take a long-term view due to Sambhv Steel's backward integration, new capacity ramp-up, and strong product portfolio. They added that growth prospects and debt reduction post IPO offer a compelling long-term case. As per the RHP, Sambhv Steel intends to use the net proceeds from the fresh issue primarily for pre-payment or scheduled repayment of certain outstanding borrowings, and the remaining amount will go towards general corporate purposes. Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024. According to a Crisil report, the demand for domestic steel pipes and tubes is expected to have grown at a compound annual growth rate (CAGR) of 5-6 per cent to 12.50-13.50 million tonnes per annum (MTPA) in FY25 from 8.8 MTPA in FY19. The growth was led by government initiatives to augment urban structural infrastructure and to infuse investments in the oil and gas sector. Going forward, domestic steel pipe demand is projected to increase to 18.50-20.50 MTPA in FY29 at 8-9 per cent CAGR between FY25 and FY29 on a high base, the report added. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited are the Book Running Lead Managers (BRLMs) to the issue. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
News18
a day ago
- Business
- News18
HDB Financial IPO Allotment Date: GMP Falls Ahead of Listing, Check Final Subscription Status
Last Updated: The GMP of the HDB Financial IPO is 7.70% today; its allotment is scheduled to be finalised on Monday, June 30. HDB Financial IPO Allotment Date: The HDB Financial IPO has received a decent 17.65x subscription on the final day of bidding on Friday, amid weak GMP. Its grey market premium of 7.70% signals muted listing gains for investors. As the issue has closed, investors are awaiting its allotment. HDB Financial Services IPO Allotment Date The allotment of the HDB Financial Services IPO is scheduled to be finalised on Monday, June 30. HDB Financial IPO: A Step-By-Step Guide To Check Allotment Status Once the IPO allotment is finalised, investors will start receiving bank debit messages, most probably in the evening on June 30. They can also check their allotment status on the websites of the NSE as well as registrar Link Intime. The allotment status can be checked by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'HDB Financial Services Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. and check the HDB Financial IPO allotment status. The allotment status can also be checked on the NSE's website at . According to market observers, the GMP of the HDB Financial IPO is 7.70% today. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. HDB Financial IPO Listing Date The listing of Suntech Infra Solutions Ltd's shares will take place on Wednesday, July 2, on both BSE and NSE. HDB Financial IPO: More Info The HDB Financial Services IPO is a Rs 12,500-crore issue, comprising a fresh issue of Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by parent HDFC Bank, which holds 94.3 per cent stake. The public issue is the biggest IPO of 2025 so far, surpassing the Rs 8,750-crore issue by Hexaware Technologies earlier this year. It was open for public subscription between June 25 and June 27. On the final day of bidding on Friday, the Rs 12,500-crore IPO received a 17.65 times subscription, garnering bids for 2,17,78,03,360 shares as against the 12,33,91,893 shares on offer. The retail and NII participation stood at 1.51 times and 10.55 times, respectively. Its qualified institutional buyer (QIB) category got a 58.64 times subscription. The IPO is primarily in response to the Reserve Bank of India's 2022 regulation mandating all large NBFCs categorised as 'upper layer" to be listed on the stock exchange by September 2025. About HDB Financial Services Founded in 2007, HDB Financial Services provides a broad range of retail loans under three business verticals — enterprise lending, asset finance, and consumer finance. It focuses on both secured and unsecured loans, including personal loans and loans against property, particularly catering to underbanked segments. As of September 30, 2024, the company had a gross loan book of Rs 98,620 crore, with a CAGR of 20.93% from March 2022. Its FY24 profit stood at Rs 2,460 crore, with a CAGR of 55.9% over FY22-FY24. In its DRHP, the company noted that its loan book is highly diversified, with the top 20 customers contributing less than 0.36% of total gross loans. The average loan ticket size was around Rs 1.45 lakh as of September 30, 2024. The company had initially filed its DRHP on October 30, 2023, and received SEBI's approval at the end of May 2025. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 28, 2025, 09:23 IST News business » ipo HDB Financial IPO Allotment Date: GMP Falls Ahead of Listing, Check Final Subscription Status
Indian Express
2 days ago
- Business
- Indian Express
PAN Card 2.0: What is it, documents required, application process, key benefits, how to apply online and more
All you need to know about PAN Card 2.0: The 10-digit alphanumeric Permanent Account Number (PAN), issued by the Income Tax Department, has long been a crucial financial document, in addition to being an identity proof. PAN 2.0 aims to enhance the user experience, align with technological advances, and modernise taxpayer registration through e-governance. The QR code function, which was introduced in 2017-18, helps to validate the PAN, will be enhanced further in PAN 2.0. The initiative also intends to establish a 'mandatory PAN data vault system' for all entities that use PAN data, including financial institutions, government agencies, and federal and state government departments, through an online validation service. According to an official release, the initiative would enable a technology-driven transformation of taxpayer registration services, hence improving access and service delivery. The Union Cabinet approved the PAN 2.0 initiative last year to make it the 'single source of truth and data consistency'; the Income Tax Department has been rolling out the updated PAN Card 2.0. It's crucial to note that existing PAN cards would remain valid under PAN 2.0, and there will be no changes in the alphanumeric PAN, according to FAQs provided by the Finance Ministry. As a result, existing PAN holders don't have to apply for the new card; however, they can upgrade their PAN for free along with PAN allocation, updates, and corrections. To apply for the upgraded PAN Card 2.0, certain essential documents are to be submitted as a set for verification. All the documents should be current, accurate, and comply with official guidelines to prevent processing delays and facilitate a hassle-free application process. This document verifies your identity. You can submit any one of the following: This is used to confirm your residential address. One of the following documents will be accepted: To validate the date of birth, any one of the following documents: Make sure that all submitted documents are legible and match the information in your application form to avoid rejection or delays. Step 1: To begin your application, visit the official NSDL website: Step 2: Fill out your PAN number, date of birth, and Aadhaar data. Step 3: Cross-check the information filled and click the checkboxes to 'Submit'. Step 4: Select your chosen way of receiving a one-time password (OTP), then input the OTP to authenticate your identity and proceed with the application. Step 5: Agree to the terms and conditions and select your preferred payment method to proceed with the transaction. If you make your request within 30 days of the PAN issuance, there is no fee for up to three requests. However, if you request it after 30 days, a fee of Rs.8.26 (including GST) will apply.
News18
2 days ago
- Business
- News18
Kalpataru IPO Allotment Today: A Step-By-Step Guide To Check Status Online, Know Latest GMP
Last Updated: The GMP of the Kalpataru IPO currently stands at 0.72%, indicating flat or negative listing. Kalpataru IPO Allotment Status, GMP: The initial public offering (IPO) of real estate developer Kalpataru Ltd has been closed, and the investors are now awaiting its allotment, which is expected to be finalised today, Friday, June 27. Investors will start receiving bank debit messages once the application is approved. They can also check the allotment status on the websites of the BSE, the National Stock Exchange (NSE), and registrar Link Intime. The Kalpataru IPO allotment will take place on today, June 27, most probably in the evening. The IPO allotment status can be checked online by following these steps: 1) Go to the official BSE website via the URL — 2) Under 'Issue Type', select 'Equity'. 3) Under 'Issue Name', select 'Kalpataru Ltd' in the dropbox. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'I am not a robot' to verify yourself and hit the 'Search' option. Your share application status will appear on your screen. You can also visit directly on the registrar Link Intime's portal — and check the Kalpataru IPO allotment status. According to market observers, the GMP of the IPO currently stands at 0.72%, indicating flat or negative listing. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Kalpataru IPO Allotment Date & Listing Date The allotment is expected to be finalised today, Friday, June 27. Its listing is scheduled to take place on June 1 on both BSE and NSE. Kalpataru IPO: More Info The Kalpataru IPO was open between June 24 and June 26. It is entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer for sale (OFS) component. It proposes to utilise funds for the payment of debt and general corporate purposes. On the final day of bidding on Thursday, the Rs 1,590-crore IPO received a 2.31 times subscription, garnering bids for 4,93,44,660 shares as against the 2,13,34,828 shares on offer. The retail and NII participation stood at 1.43 times and 1.40 times, respectively. Its qualified institutional buyer (QIB) category got a 3.12 times subscription. The price band of the IPO was fxed in the range of Rs 387 to Rs 414 per share. Kalpataru Ltd raised Rs 708 crore from anchor investors a day ahead of the launch of its IPO for public subscription. About Kalpataru Ltd Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also in the redevelopment of societies. Kalpataru is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR) in Maharashtra. As per the latest red herring prospectus, the company sold properties worth Rs 2,727.24 crore during April-December of the last fiscal on strong demand for housing and commercial assets. The company sold properties worth Rs 3,201.98 crore in FY 2023-24. tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 27, 2025, 10:47 IST News business » ipo Kalpataru IPO Allotment Today: A Step-By-Step Guide To Check Status Online, Know Latest GMP
Indian Express
4 days ago
- Business
- Indian Express
Aadhaar–PAN linking is mandatory for ITR filing FY 2024-25: Here's how to do it online
Mandatory Aadhaar–PAN linking online 2025: The Central Board of Direct Taxes is expected to implement Aadhaar authentication and make it necessary for applying for a new Permanent Account Number (PAN) card starting this year, on July 1. Users who apply for a new PAN Card after July 1, 2025, are required to have an Aadhaar card for verifying their PAN Card application. This shift towards Aadhaar-based verification corresponds with the digitisation and effort to promote accountability and compliance in tax filing. The CBDT announced in early April this year that anyone who received their PAN on or before October 1, 2024, using Aadhaar enrolment ID, will be able to link it till the last date – December 31, 2025; otherwise, any unlinked PAN cards will be unable to function. Under the Income Tax Act, the Central Board of Direct Taxes (CBDT) has mandated that all individuals assigned a PAN as of July 1, 2017, must link their Aadhaar with their PAN. This linkage is necessary to file Income Tax Returns (ITRs), and failure to comply may result in the rejection of the ITR. One can link their Aadhaar number to their PAN online by heading to the Income Tax e-filing official website: Step 1: Visit the Income Tax e-filing portal. Under the quick links, select the 'Link Aadhaar' option. Step 2: Enter your PAN and Aadhaar number, then click the 'Validate' button. Step 3: Enter your name from your Aadhaar card and cellphone number, then click the 'Link Aadhaar' option. Step 4: Enter the OTP sent to your cellphone number and click the 'Validate' button. Step 5: The PAN Aadhaar linkage request will be forwarded to the UIDAI for validation. Step 6: After verifying your PAN and Aadhaar, you will get the following message: 'Payment details not found'. Step 7: Click the 'Continue to Pay Through e-Pay Tax' option to pay the money, which is required to submit the Aadhaar PAN link request. Step 8: To finalise the request for connecting PAN and Aadhaar, you must submit a payment using e-Pay Tax. Step 9: Once the penalty is paid, it will take 4-5 days to process. Then you may submit a request for linkage. However, payment normally reflects within 30 minutes to an hour, allowing for connection requests.
