Latest news with #SSTL
Time of India
6 days ago
- Business
- Time of India
Sambhv Steel Tubes IPO subscribed 31% so far on Day 1, GMP at 11%. Should you subscribe?
The IPO of Raipur-based Sambhv Steel Tubes (SSTL), a backward-integrated manufacturer of ERW steel pipes and structural tubes, opened for subscription earlier today and has been subscribed 31% so far on the first day of the bidding process, with a grey market premium (GMP) of 11%. Qualified institutional buyers (QIBs) led the response, subscribing to 38% of their quota, followed by retail investors at 32%, and non-institutional investors (NIIs) at 19% of their reserved portion. Investors can apply for a minimum of 182 shares, requiring a minimum investment of Rs 14,924 at the upper price band. Ahead of the issue opening, the GMP stood at Rs 9–10, indicating an 11% premium over the issue price. The IPO comprises a fresh issue of shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore. The proceeds will primarily be used to repay borrowings (up to Rs 390 crore) and for general corporate purposes. The stock is scheduled to list on July 2 on both the NSE and BSE. Should You Subscribe to the Sambhv Steel Tubes IPO? Geojit Financial Services – Subscribe At the upper price band of Rs 82, SSTL is valued at a P/E ratio of 44.5x (FY25E annualised), which appears reasonably priced relative to peers. SSTL is strategically positioned to benefit from India's infrastructure push, driven by schemes such as the Jal Jeevan Mission and Amrit Bharat Scheme. As a backward-integrated player with consistent financial growth, strategic sourcing efficiency, and expansion plans, the company is well-placed for long-term value creation—supporting a Subscribe recommendation for investors. BP Wealth – Subscribe BP Wealth highlights Sambhv's cost-efficient, single-location integrated facility and growing market share. Ventura Securities also recommends Subscribe, citing the company's robust distributor-dealer network across 15 states and one union territory, and its expansion into stainless steel products, which could improve margins in the future. Sambhv's product portfolio includes black pipes, hollow sections, CRFH pipes, Corten steel pipes, GP pipes, GI pipes, and more. Since commencing operations in 2018, the company has achieved vertical integration—manufacturing sponge iron, blooms, slabs, and coils in-house. This structure offers protection against input cost fluctuations and ensures supply chain reliability. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
6 days ago
- Business
- Economic Times
Sambhv Steel Tubes IPO subscribed 31% so far on Day 1, GMP at 11%. Should you subscribe?
The IPO of Raipur-based Sambhv Steel Tubes (SSTL), a backward-integrated manufacturer of ERW steel pipes and structural tubes, opened for subscription earlier today and has been subscribed 31% so far on the first day of the bidding process, with a grey market premium (GMP) of 11%. ADVERTISEMENT Qualified institutional buyers (QIBs) led the response, subscribing to 38% of their quota, followed by retail investors at 32%, and non-institutional investors (NIIs) at 19% of their reserved portion. Investors can apply for a minimum of 182 shares, requiring a minimum investment of Rs 14,924 at the upper price band. Ahead of the issue opening, the GMP stood at Rs 9–10, indicating an 11% premium over the issue price. The IPO comprises a fresh issue of shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore. The proceeds will primarily be used to repay borrowings (up to Rs 390 crore) and for general corporate purposes. The stock is scheduled to list on July 2 on both the NSE and BSE. At the upper price band of Rs 82, SSTL is valued at a P/E ratio of 44.5x (FY25E annualised), which appears reasonably priced relative to peers. SSTL is strategically positioned to benefit from India's infrastructure push, driven by schemes such as the Jal Jeevan Mission and Amrit Bharat Scheme. ADVERTISEMENT As a backward-integrated player with consistent financial growth, strategic sourcing efficiency, and expansion plans, the company is well-placed for long-term value creation—supporting a Subscribe recommendation for investors. ADVERTISEMENT BP Wealth highlights Sambhv's cost-efficient, single-location integrated facility and growing market share. Ventura Securities also recommends Subscribe, citing the company's robust distributor-dealer network across 15 states and one union territory, and its expansion into stainless steel products, which could improve margins in the product portfolio includes black pipes, hollow sections, CRFH pipes, Corten steel pipes, GP pipes, GI pipes, and more. ADVERTISEMENT Since commencing operations in 2018, the company has achieved vertical integration—manufacturing sponge iron, blooms, slabs, and coils in-house. This structure offers protection against input cost fluctuations and ensures supply chain reliability. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Independent Singapore
15-05-2025
- Business
- Independent Singapore
22,000 global leaders to join ATxEnterprise 2025 in Singapore as Southeast Asia's ramps up AI and space innovation
Photo: ATxEnterprise SINGAPORE: A total of 22,000 global tech, policy, and business leaders will be joining ATxEnterprise (ATxE) 2025 on May 27 to 29, as announced in a press release on Wednesday (May 14). The three-day event, organised by the Infocomm Media Development Authority (IMDA) and Informa Festivals, with support from the Singapore Tourism Board (STB), will feature two major conferences—The AI Summit Singapore and SatelliteAsia. The SatelliteAsia 2025 full-day programme, which will be presented in partnership with Singapore Space & Technology Ltd. (SSTL) and the Global Satellite Operators Association (GSOA) for the first time, will highlight Southeast Asia's most pressing opportunities and challenges in the satellite and space sectors. Jeremy Chan, Chairman of SSTL, said, 'As space-based technologies shift from specialised infrastructure to mainstream enablers of connectivity, climate resilience, and digital equity, Southeast Asia has a unique opportunity to lead in translating space innovation into real-world outcomes.' Confirmed speakers for SatelliteAsia 2025 include: Dr Kartik Sheth, Former Associate Chief Scientist, NASA Brandon Seir, Chief Commercial Officer, Kacific Broadband Satellites Candace Johnson, Founder/Co-Founder SES, Loral-Teleport Europe; Chair Advisory Board and Partner Seraphim Space; Founding Vice Chair and Board Member NorthStar Earth & Space Dr Raha Hakimdavar, CEO, Zyon Space Dr Victor Khoo, Director, Survey Geomatics Division, Singapore Land Authority Hidetaka Aoki, Co-Founder & Director, Space Port Japan Rika Nakazawa, Chief Commercial Innovation, NTT Glenn Katz, Chief Commercial Officer, Telesat Irina Petrov, VP MarCom & Membership, GSOA Lilac Muller, SVP of Product Development, Kymeta Nathan de Ruiter, Partner & Managing Director, Novaspace Jean Philippe Gillet, SVP, Media, Mobility and Network, Intelsat Don Claussen, CEO, ST Engineering iDirect Meanwhile, the AI Summit Singapore will dive into artificial intelligence (AI) challenges, including compliance and governance amid accelerating AI deployment in government and businesses. The conference will also showcase intelligent systems in industries like healthcare, finance, manufacturing, and telco, as well as explore innovation in natural language processing and quantum AI. Rory Crone, Senior Director of Marketing, The AI Summit Series, said, 'The AI Summit Singapore convenes the region's most influential enterprises, researchers and policymakers to drive AI innovation forward. Through real-world strategy sharing and critical discussions on regulatory frameworks, the summit champions responsible AI adoption across Asia. ' Confirmed speakers for The AI Summit Singapore include Priyanka Deva, Director at MSD; Hemachan Kanna, Director of AI Research at Woxsen University; Kashyap Chandrasekar, Global Director of Robotics at Dyson; and Isaan Bustamante from the Smart Factory Robotaxi team at Motional. Now in its fifth year, ATxEnterprise 2025 will be awarding the Enterprise Tech Awards for the first time to recognise leadership and excellence in digital transformation across the region. High-level closed-door forums, including the CISO Tech Briefing and Enterprise Tech Leaders Forum, will bring senior executives and regulators together to align on strategy and share learnings. A full-scale exhibition featuring TechXLR8 Asia, CommunicAsia, and BroadcastAsia will run alongside the conferences. /TISG
Yahoo
24-03-2025
- Business
- Yahoo
Surrey SatelliteTechnology Ltd prepares for launch with SAP S/4HANA Cloud Public Edition
LONDON, March 24, 2025 /PRNewswire/ -- NTT DATA Business Solutions UK&I are proud to announce a partnership with Airbus owned, Surrey Satellite Technologies Ltd (SSTL), a long-time pioneer of small satellite and spacecrafts, as they prepare for the launch of SAP S/4HANA Cloud Public Edition. The new solution will go live in early 2026 and underpins their mission in continued space innovation. SSTL, a world leader in small satellite and spacecraft manufacturing, have formed a transformative partnership with NTT DATA Business Solutions to evolve their current SAP software platform to SAP S/4HANA Cloud Public Edition. This strategic evolution of SSTL's SAP software environment opens access to cutting-edge technology as the company evolves and builds on its legacy of innovation that began with a pioneering group of researchers at the University of Surrey in the 1970s. With a history marked by the launch of 70 satellites for 20 international customers and numerous innovations, including the first modern microsatellite with in-orbit re- programmable computers, and later the first commercial application of Synthetic Aperture Radar (SAR), SSTL continues to push the boundaries of space technology. The deployment of SAP S/4HANA Cloud Public Edition will enhance these capabilities, embedding advanced automation in back-office functions and managing the full project lifecycle — from bid to design, engineering, and launch. This adoption promises new levels of operational insight and efficiency, supported by SAP Analytics Cloud and SAP Datasphere solutions. Andrew Cawthorne, Managing Director of Surrey Satellite Technology Ltd, expressed his enthusiasm about the partnership, stating, "We are delighted to announce our partnership with NTT DATA Business Solutions as we evolve our SAP software platform to SAP S/4HANA Cloud Public Edition and accelerate our transformation as a business. This investment will deliver the precision, automation, and scalability our business needs to continue to focus on what we do best; pioneering satellite technologies." Steve Khetani, Digital Transformation Manager, emphasised the broader impacts of the digital transformation, noting, "SAP S/4HANA Cloud Public Edition is about more than a system of record, it's about providing a platform for our business that enables us to scale. The extended toolset that SAP brings in terms of extensibility, automation and analytics represents a huge opportunity for us to continue to deliver real value to the very talented people who make this business so special." The program will see NTT DATA Business Solutions leverage its EVOLVE framework to guide the streamlined migration. Justin Brading, EVP Western Europe and MD UK&I of NTT DATA Business Solutions commented, "We are incredibly proud to be supporting the next chapter of space innovation and business growth as we evolve SSTL's SAP ERP application to SAP S/4HANA Cloud Public Edition." Pablo Castagnini, Delivery Director, from NTT DATA Business Solutions added, "Surrey Satellite Technology are born innovators, making this programme far more than just a system upgrade. It's about leveraging the new platform to drive automation and deliver deeper business insights - fuelling their continuous journey of innovation." Since its acquisition by Airbus in 2009, Surrey Satellite Technology Ltd has significantly expanded its technological capabilities and market reach. This new digital operations transformation with SAP S/4HANA Cloud Public Edition marks another milestone in the company's journey towards enhanced productivity and continued innovation in the aerospace sector. About NTT DATA Business Solutions NTT DATA Business Solutions is a leading global IT service provider focused on SAP with a powerful ecosystem of partners. With more than 35 years of in-depth experience, we enable companies worldwide to become Intelligent Enterprises. We deliver end-to-end solutions that accelerate sustainable growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and leverage the latest technologies to support our customers individually and across all industries. Our more than 16,000 dedicated employees in over 30 countries work passionately every day to make it happen. NTT DATA Business Solutions is part of NTT DATA, a $30+ billion trusted global innovator of business and technology services headquartered in Tokyo. As One NTT DATA we serve 75% of the Fortune Global 100 and are committed to helping customers innovate, optimize and transform for long-term success. NTT DATA is part of NTT Group. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies. Logo - View original content to download multimedia: Sign in to access your portfolio
