WEB NEWS

The initial public offering (IPO) of Sri Lotus Developers has garnered an overwhelming response from investors, with the issue being subscribed a staggering 74 times, making it one of the most successful listings in the recent real estate IPO landscape. What sets this IPO apart is the extraordinary demand from institutional investors. The Qualified Institutional Buyers (QIB) category alone saw an oversubscription of 175 times, reflecting strong institutional confidence in the company’s business fundamentals, project pipeline, and market positioning. A Sharp Contrast with Other Real Estate Peers Sri Lotus Developers’ IPO performance stands in stark contrast to recent real estate sector IPOs, many of which witnessed muted or modest interest: ● Kalpataru Projects International’s IPO was subscribed just 2 times overall, with QIB subscribed 3 times ● Rustomjee Group’s Keystone Realtors saw a total subscription of 2 times, with the QIB segment subscribed 4 times. ● Macrotech Developers (Lodh...

Siyaram Recycling Industries Ltd. (BSE: 544047), a growing player in the manufacturing and imports/recycling industry, has announced that it has secured a noteworthy order from Charbhuja Impex and Om Guru Impex for Brass Scrap Honey, total order worth INR 84.74 Million. Ace investor Mukul Agrawal holds 10.10 stake in the company as per shareholding data uploaded for quarter ended 31 March, 2025. The company recently posted its H2FY25 financial results, which showed continued operational strength. Siyaram Recycling reported revenue from operations of ₹266 crore in the second half of FY25, up 8 percent HoH from ₹245.7 crore in H1FY25, and up 34 percent YoY from ₹198 crore in H2FY24. Net profit for H2FY25 came in at ₹7 crore, a slight decline of 9 percent HoH compared to ₹7.7 crore in H1FY25, but showed a remarkable 112 percent growth YoY from ₹3.3 crore in H2FY24. The numbers reflect stable demand and improved operational efficiency across domestic and global markets. Siyaram Recycling I...

Garment Mantra Lifestyle Ltd (BSE: 539216) witnessed a strong pickup in export orders from key international markets including the Middle East and Southeast Asia. Export revenue clocked Rs. 74.20 Million in Q1 of FY 25-26, supported by new client acquisitions and repeat orders from existing overseas buyers. Retail and Distribution Expansion: Strengthened regional footprint with the launch of new products while keeping in mind demands from Tier-2 cities. Expanded dealer and distributor network coverage in key domestic markets. Key Milestone – First Government Order: Successfully secured its first order from a Government department and completed the delivery on time, marking a strategic entry into the institutional sales segment. Revenue from the same has been generated Rs. 47.18 Million in the current quarter. Commenting on the performance, Mr. Prem Aggarwal, Managing Director of Garment Mantra Lifestyle Limited, said: “We are pleased to report a robust start to FY 2025-26. The strong ...

Kavveri Defence & Wireless Technologies Ltd., a leader in advanced RF solutions, serving defense, aerospace, public safety, counter-drone systems, and fixed wireless access, has announced that Til-Tek, the North American wholly owned subsidiary of the company, has been approved as a vendor by a leading US-based multinational engaged in large-scale industrial and infrastructure solutions, with a strong global presence across the United States, Europe, and the Asia - Pacific region. The customer plays a pivotal role in enabling advanced connectivity and automation across critical industrial  systems. Til-Tek’s RF antenna products have now been exclusively embedded into their network design framework, following a rigorous technical qualification process. This development underscores Kavveri’s growing credibility in delivering robust, high-performance wireless RF products for complex deployments. Notably, this engagement follows the replacement of a long-standing international incu...

Dev Information Technology shares 7 per cent after it received a ₹1.29 crore order from NICSI for Integrated Financial Management System Shares of Dev Information Technology rose nearly 7 per cent on Tuesday after the company received a ₹1.29 crore order from NICSI for Integrated Financial Management System.  The IT-enabled services firm's stock rose as much as 6.6 per cent during the day to ₹120.8 per share. The stock pared gains to trade 4.9 per cent higher at ₹118.9 apiece, compared to a 0.06 per cent decline in BSE Sensex as of 12:15 PM.  Shares of the company have risen for the second straight session, but are a long way off from their all-time high level of ₹191 per share. The counter has risen nearly 29 per cent so far this year, compared to a 5.3 per cent gain in the benchmark Sensex index. Dev IT has a total market capitalisation of ₹268.04 crore Dev IT bags ₹1.29 crore order The company landed a key order from the National Informatics Centre Services Incorporated (NI...

Regis Industries Limited (BSE: 543208), a growing player engaged in supply of heavy engineered process equipment, has announced that its board will meet on July 25 to To consider and recommend declaration of issue of bonus shares to the equity shareholders of the company. Further board will approve and take on record the Un-Audited Financial Results of the Company for first quarter ended on 30th June 2025. Regis Industries Limited, is a listed public company with a legacy spanning over four decades. Headquartered in Kolkata, the Company is committed to building long-term value through strategic initiatives and robust governance practices. In recent years, Regis Industries has focused on streamlining operations, optimizing costs, and strengthening its financial foundation. The company is actively exploring new opportunities to restart and scale operations in sectors that promise sustainable growth. Company’s core businesses include manufacturing and supply of heavy engineered process eq...