On January 9, 2025, the shares of Parmeshwar Metal Limited made a strong debut and were listed at ₹84.5 on the BSE SME platform, indicating a premium of 38.52% as compared to the issue price of ₹61.

About Parmeshwar Metal IPO

The ₹24.74 crore Parmeshwar Metal IPO was opened for subscription from January 2 to January 6, with a price band ranging from ₹57 to ₹61 per equity share.

The IPO recorded an overwhelming response, receiving a massive 607.07 times oversubscription. It received bids for 163.66 crore shares against 26.96 lakh shares on offer. The retail segment was subscribed 597.09 times, while non-institutional investors (NII) placed bids 1,202.83 times over the offer size. The Qualified Institutional Buyers (QIB) category was subscribed 177.32 times during the three-day bidding period.

Use of IPO Proceeds

• The company will use the funds raised from the issue for various purposes, including setting up a new manufacturing facility at Dehgam, Gujarat, to produce bunched copper wire and 1.6 mm copper wire rods.
• Other allocations include upgrading the furnace for enhanced copper melting capacity, meeting working capital requirements, and addressing general corporate expenses.

About Parmeshwar Metal Limited

Founded in August 2016, Parmeshwar Metal Limited specialises in manufacturing copper wires and rods by recycling copper scrap. The company operates a production facility in Dehgam, Gujarat.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

January 9, 2025, marks the opening of the Nifty 50 earnings season for Q3FY25 with the release of earnings from India’s IT giant Tata Consultancy Services (TCS) Ltd. Before the release of financial statements for Q3FY25, the preview and expectation of street is must watch.

TCS Q3 FY25 Earnings Preview

As per news reports, IT giant TCS is expected to report a 0.2% growth in constant currency terms, which is anticipated to be lower than both the September quarter and the same quarter last year. The slower growth is attributed to the reduced contribution from the BSNL deal and furloughs.

The BSNL contract is set to begin its ramp-down in March 2025, with a significant decline in revenue expected by the June 2025 quarter. In US Dollar terms, TCS’ revenue is projected to decline by 0.6% sequentially, while its margin may increase by 40 basis points. Both TCS’ net profit and EBIT are expected to experience low single-digit growth on a sequential basis.

What Investors Need to Watch in TCS Earnings?

• What will the company’s growth be in the quarter, excluding the BSNL deal?
• The company’s international revenue may decline by 0.4%, marking the weakest performance since the pandemic.
• As per news reports, Analysts are predicting nearly 5% revenue growth for the full financial year, with more than half, or 2.7% to 2.8%, expected to come from the BSNL deal. This implies organic growth is estimated to be around 2%.
• An important factor to watch is whether the 8% growth target for the 2026 financial year is too ambitious, considering the ongoing decline of the BSNL contract.
• Additionally, attention should be paid to management’s commentary on the reasons behind the revenue growth underperformance compared to the broader IT industry, excluding the BSNL revenue.

On January 9, 2025, TCS share price opened at ₹4,105.90 and touched the day high of ₹4,122.95 at 09:20 AM.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On January 8, 2024, Transformers and Rectifiers Ltd disclosed that its board of directors has approved the issuance of one bonus share for every one share held (1:1) by its shareholders. This marks the company’s first bonus issue since 2013 when it announced 1 bonus share for every 9 shares held by shareholders. The record date for the bonus share issue has not yet been determined.

Fundraising Via QIP

In addition to the bonus issue, Transformers and Rectifiers has approved a fundraising plan. The company aims to raise ₹750 crore by selling shares to eligible institutions via the Qualified Institutional Placement (QIP) route.

Transformers and Rectifiers Q3 FY25 Results

For the December quarter, the company reported a net profit of ₹55 crore, a significant increase compared to ₹15.6 crore in the same quarter last year. This growth was partly driven by a ₹7 crore rise in other income. The company’s revenue for the quarter surged by 51.5% year-on-year, reaching ₹559.4 crore.

The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) stood at ₹84.8 crore, up from ₹35.6 crore in the previous year. EBITDA margin also expanded to 15.2%, up from 9.6% during the same period last year.

On January 9, 2025, Transformers and Rectifiers shares opened at ₹1,220.00 and hit the lower circuit at ₹1,185.15 at 09:20 AM.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On January 8, 2025, GTT Data Solutions Limited, formerly known as Cinerad Communications Limited, announced through an exchange filing that it had fixed January 14, 2025, as the record date. This date will determine whether the shareholders are eligible to apply for equity shares in the proposed rights issue.

GTT Data Solutions Rights Issue Details

On December 14, 2024, the Rights Issue Committee, constituted by the Board of Directors, approved the issuance of partly paid-up equity shares. These shares will have a face value of ₹10 each and will be offered to the members of the company as of the record date, which is to be finalised. The rights issue will aggregate up to ₹49.99 crore, with the exact number of shares and issue price (including any premium) to be determined by the Board or Rights Issue Committee.

Latest Acquisition by GTT Data Solutions

GTT Data Solutions Limited entered into a Share Purchase Agreement (SPA) on December 31, 2024, for the acquisition of up to 10,000 equity shares of ₹10 each of CRG Solutions Private Limited. These shares represent 100% of the paid-up equity share capital of CRG. The total consideration for this acquisition is approximately ₹72 Crores, which may be settled either by cash payment via bank remittance or by the issue and allotment of new equity shares of GTT Data Solutions to the sellers. However, the total number of shares allotted to the sellers will not exceed 24% of the company’s outstanding paid-up capital.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.