HP Telecom India IPO Day 3 GMP Highlights (Feb 24): Check final day subscription status, GMP, listing date and more

• Goyal: If India, UK wish to expand trade, investment we have to be faster and more liberal in our issuance of visas. Also there is huge potential for tourism between the two sides
• Goyal: As for tariffs that's what the FTA is about. Many of the tariffs India has is to protect us from non-market, non-transparent economies
• Goyal: India, UK is much more flexible to significantly reduce tariffs to make business more competitive between the two countries

Goyal: Lot of Indian business are invested in UK, while UK business also have presence in India. So for all of those business visas will be required and they will be linked to investments, services that we plan to open up via the proposed FTA.

• India, UK FTA is going to be a forward looking, equitable, balanced, transparent and mutually beneficial agreement which will be a win-win for both our countries
• Goyal on whether India and UK can agree on an FTA by this year: It's never too early and never too late to conclude a good agreement
• Goyal on timeline for India, UK FTA: Neither should we rush into things but it is always good to conclude fast. We will have speed but not haste
• Goyal: All options on the table, we are in active negotiations on three different aspects -- the FTA, the Bilateral Investment Treaty, and a Double Contribution Convention Agreement. And all three are in parallel and conjoined with each other
• Goyal: Immigration has never been a part of trade negotiations anywhere in the world. India has never, ever discussed immigration in any FTA negotiations

The three-day subscription window for Swasth Foodtech India’s IPO is set to close today, Monday, February 24, 2025. The public issue, which opened for bidding on February 20, has seen decent investor participation so far. By the end of Friday, February 21, 2025, the IPO was oversubscribed approximately 3.9 times. This SME offering consists entirely of a fresh issue of 1.58 million equity shares. The IPO price is set at Rs 94 per share, with a lot size of 1,200 shares. Investors must bid for a minimum of 1,200 shares or in multiples thereof. A retail investor would need at least Rs 1,12,800 to apply for a single lot.

• Aster Dm & Quality Care Merger Is Presently In The Process Of Integration
• Expect To Close Out The Aster-Quality Merger In Eight Months To A Year
• Merger Will Take Aster DM To The Top League & Add Over 5,000 Beds
• Our Overall Bed Strength Will Be Close To 10,000 Once Merger Completes
• Aster's 20,000 Employees In India Will Increase To 40,000 Post-Merger
• Looking To Sweat Out Existing Assets And Ensure Synergy In Procurement & Talent
• Hope To Eliminate Duplication Of Resources & Bring Down HR & Procurement Costs
• Have Three Ongoing Projects In Kerala
• 450-Bed Thiruvananthapuram Hospital To Be Commissioned In Less Than A Year
• 250-Bed Kasaragod Hospital To Open In Less Than Six Months
• Exploring Other Locations Within Kerala In Order To Expand Presence
• KIMS Health's Post-Merger Addition To Aster Will Further Enhance Its Presence In Kerala
• Kerala Accounts For 55-60% Of Aster's Topline And Will Increase Post-Merger
• A Lot Of Playground In South India To Expand In Tamil Nadu, Karnataka & Kerala
• Aster Has Registered 25% CAGR & 30% EBITDA For The Last Five Years

• In terms of subscription, this issue did not receive the same response as other SME IPOs in recent times. However, it was fully subscribed by the second day.
• First day of subscription: The issue was 72% booked, with 62% subscription in the retail category and 81% in the NII category.
• Second day of subscription: The IPO was subscribed 1.26 times, with 1.06x subscription in the retail category and 1.45x in the NII category.
• Final day of subscription (as of 11:50 AM): The issue was subscribed 1.52 times, including 1.41x in the retail category and 1.62x in the NII category.

• HP Telecom India has set its IPO price at ₹108 per share. Investors can place bids for a minimum lot of 1,200 shares and increase their bids in multiples of this lot size.
• The company is the exclusive distributor of Apple products in key regions across India, including Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centers in Gujarat.

• FY25 Indian Tech Industry Rev Est At $282.6 Bn Vs $268 Bn In FY24
• India Tech Industry FY25 Growth Seen At 5.1% YoY
• IT Sector Domestic Rev Has Grown Faster At 7% (Lower Base), Exports At 4.6%
• India Tech Industry To Cross $300 Bn In FY26 (Vs $282.6 Bn In FY25)

• Global banking major DBS Group expects a 10 per cent reduction in its workforce in the next three years as artificial intelligence adoption goes deeper into the operations, its chief executive Piyush Gupta said on Monday.
• as artificial intelligence becomes more deeply integrated into operations, Chief Executive Piyush Gupta said on Monday.
• Gupta said AI is different and unlike any other technologies adopted in the past and added that he is struggling to create new jobs for the first time in his over 15-year stint at the helm of the Singaporean bank.

• Palm oil's share of India's annual edible oil imports is set to drop below soft oils for the first time as its rising premium over soyoil and sunflower oil pushes refiners toward more affordable alternatives, the head of an industry body said.
• Lower palm oil imports by India, the world's biggest buyer of vegetable oils, could weigh on benchmark Malaysian palm oil prices and support U.S. soyoil futures.
• "Palm oil is getting pricey due to supply issues, so buyers are naturally shifting to soyoil and sunflower oil instead," said Sanjeev Asthana, president of the Solvent Extractors' Association of India (SEA), in an interview with Reuters. (Reuters)

• Madhya Pradesh at the forefront of India's electric vehicle revolution, says PM Modi at the Global Investors Summit in Bhopal.
• India is becoming a key supply chain hub for global aerospace companies, highlights PM Modi at the Global Investors Summit in Bhopal.
• Madhya Pradesh offers lucrative investment opportunities with excellent returns, affirms PM Modi at the Global Investors Summit in Bhopal.

• MP Global Investors Summit 2025 Live: Madhya Pradesh will play crucial role in India's growth journey, says PM Modi
• PM Modi cites latest commentaries by World Bank and other global entities that underscore importance of the Indian economy.
• PM Modi unveils 18 policies of the Madhya Pradesh government on industry, startups, and more.

Speaking at the Global Investors Summit 2025 in Bhopal, Chief Minister Mohan Yadav highlighted Prime Minister Narendra Modi’s vision, stating, "Recently, the Prime Minister gave the mantra of 'Sabka Saath, Sabka Vikas, Sabka Prayas, Sabka Vishwas.' Under his leadership, the people of India have pledged to transform the nation into a Viksit Bharat by 2047. "Our objective is to build a $35 trillion economy, and in pursuit of this vision, Madhya Pradesh is committed to making a significant contribution, working hand in hand with the citizens of the state."

Considering ongoing school examinations, Prime Minister Narendra Modi postponed his Global Investors Summit (GIS) schedule by 15 minutes. Initially set to depart for the venue at 9:45 AM on Monday, he rescheduled his departure to 10:00 AM. This decision was made to ensure that students faced no difficulties in reaching their examination centers.

Adani Group Chairman Gautam Adani arrived at the Invest MP Global Investors Summit (GIS) 2025 in Bhopal, expressing strong confidence in Madhya Pradesh’s investment potential. Highlighting the state's vast opportunities for industrial and economic growth, Adani stated, "There are a lot of possibilities in Madhya Pradesh." Meanwhile, Chief Minister Mohan Yadav emphasised that the summit would pave the way for new milestones in development.

Adani Group Chairman Gautam Adani arrives at the Madhya Pradesh Global Investors Summit 2025 in Bhopal, marking a significant moment for the state's growth and investment prospects.

Madhya Pradesh Chief Minister Mohan Yadav welcomes and felicitates Prime Minister Narendra Modi upon his arrival to inaugurate the "Invest MP Global Investors Summit (GIS) 2025."

• Prime Minister Narendra Modi will inaugurate the ‘Invest Madhya Pradesh - Global Investors Summit 2025’ in Bhopal today, highlighting the state's immense investment opportunities for businesses and industrialists.
• An official stated that this milestone event has positioned Bhopal as the center of India’s largest investment conference, while Madhya Pradesh continues to emerge as a key industrial hub.
• The summit will be attended by prominent industry leaders, including Aditya Birla Group Chairman Kumar Mangalam Birla, Adani Group Chairman Gautam Adani, Godrej Industries Chairman & MD Nadir Godrej, and Rasna Private Limited Group Chairman Piruz Khambatta.
• Additionally, the event has drawn over 50 foreign delegates from more than 100 countries, including high commissioners and ambassadors.
• The government seeks to drive investments across key sectors such as agriculture, food processing, textiles, mining, IT, renewable energy, and urban development.a

The first IPO of the week comes from a co-working and managed office space provider, set to open for public subscription today. The New Delhi-based company aims to raise Rs 31.7 crore through a public issue of 13.54 lakh shares, priced at Rs 234 per share. The offer will close on February 27.

IPO GMP News Live Updates: According to experts, the mainboard segment is being impacted by negative sentiment and market volatility, fueled by weak earnings growth, persistent FII outflows, concerns over US tariffs, and the Fed’s decision to pause rate cuts. However, they expect IPO activity to regain momentum in the coming weeks, with over Rs 1.5 lakh crore worth of IPOs likely to hit Dalal Street this year as market conditions stabilise.

Rupee Check | Rupee opens at 86.56/$ vs Friday’s close of 86.71/$

• Royalarc Electrodes IPO is a book-built issue totaling Rs 36.00 crore, comprising:
• A fresh issue of 18.00 lakh shares worth Rs 21.60 crore.
• An offer for sale (OFS) of 12.00 lakh shares amounting to Rs 14.40 crore.
• The IPO bidding period was from February 14 to February 18, 2025, with allotment finalised on February 19, 2025.
• Royalarc Electrodes shares were listed on NSE SME on February 24, 2025.
• The IPO price band was set at Rs 120 per share.
• The minimum application lot size was 1,200 shares, requiring a retail investment of Rs 1,36,800.
• To avoid oversubscription issues, investors were advised to bid at the cutoff price, bringing the estimated investment to Rs 1,44,000.
• For High Net-Worth Individuals (HNIs), the minimum lot size was 2 lots (2,400 shares), amounting to Rs 2,88,000.
• Fedex Securities Pvt Ltd served as the book-running lead manager for the IPO.
• Kfin Technologies Limited was the registrar for the issue.
• Shreni Shares Limited acted as the market maker for the IPO.

• Tejas Cargo IPO is a book-built issue worth Rs 105.84 crore, consisting entirely of a fresh issue of 63 lakh shares.
• The IPO bidding period ran from February 14 to February 18, 2025, with allotment finalised on February 19, 2025.
• Tejas Cargo shares were listed on NSE SME on February 24, 2025.
• The IPO price band was set at Rs 168 per share.
• The minimum application lot size was 800 shares, requiring a retail investment of Rs 1,28,000.
• Investors were advised to bid at the cutoff price to avoid oversubscription issues, bringing the estimated investment to Rs 1,34,400.
• For High Net-Worth Individuals (HNIs), the minimum lot size was 2 lots (1,600 shares), amounting to Rs 2,68,800.
• New Berry Capitals Private Limited acted as the book-running lead manager and market maker for the IPO.
• Bigshare Services Pvt Ltd was the registrar for the issue.

IPO GMP News Today Live: Royal Arc Electrodes and Tejas Cargo India are set to debut on NSE Emerge on February 24. Meanwhile, HP Telecom India will begin trading on NSE Emerge, and Swasth Foodtech India will list on BSE SME on February 28.

• IPO GMP News Today Live: Tejas Cargo shares are witnessing no grey market activity ahead of their listing on the BSE SME platform on Monday.
• The company's Grey Market Premium (GMP) stands at Rs 0, suggesting a flat debut on the exchange.
• However, market sentiment could improve post-listing or in the lead-up to trading.=
• Tejas Cargo offered approximately 63 lakh shares in its IPO, but demand remained subdued, with the issue being subscribed just over 1x.

Quality Power Stock Price Live: Pantomath Capital Advisors Pvt Ltd is the lead book-running manager for the Quality Power IPO, with Link Intime India Private Ltd handling the role of IPO registrar.

• The Quality Power IPO saw an overall subscription of 1.29 times.
• The Retail Individual Investors (RIIs) category was subscribed 1.83 times.
• The Non-Institutional Investors (NII) segment recorded a 1.45 times subscription.
• The Qualified Institutional Buyers (QIBs) category received 1.03 times subscription.

• Quality Power IPO opened for subscription on February 14 and closed on February 18.
• The allotment was finalised on February 20, with the listing scheduled for today, February 24.
• Quality Power shares will debut on both BSE and NSE.
• The IPO price band was set between Rs 401 and Rs 425 per share.
• At the upper price band, the company raised Rs 858.70 crore through a book-built issue, comprising:
• A fresh issue of 52.94 lakh equity shares worth Rs 225 crore.
• An offer-for-sale (OFS) of 1.49 crore shares totaling Rs 633.70 crore.

• Palak Devadiga, Research Analyst at StoxBox, expects Quality Power Electrical Equipments shares to list at a 1% premium above the upper band price.
• The company is valued at a PE ratio of 81.9x on the upper price band based on FY24 earnings, which is lower than its industry peers.
• Factors supporting its growth potential include:
• Strong financial performance
• A diverse product portfolio
• A global customer base
• Given these attributes, investors who have received shares are advised to hold their positions for long-term gains, according to Devadiga.

Quality Power Stock Price Live: Quality Power Electrical Equipments is the sole company from the mainboard segment set to be listed on the bourses on February 24. Beyond this, the mainboard segment is expected to remain quiet in the upcoming week.

Quality Power Stock Price Live: “We believe Quality Power Electrical Equipments Ltd is strategically positioned to benefit from India’s growing energy sector. Considering these factors, we advise allotted investors to ‘HOLD’ the Quality Power Electrical Equipments IPO for a long-term investment outlook,” said Tapse.

Quality Power Stock Price Live: “Quality Power IPO saw a reasonable response from investors, primarily led by retail buyers, who subscribed 1.82 times on the final day. The demand remained moderate due to weak market sentiment following selling pressure in the broader market. Given the subdued trend and limited enthusiasm for the offer, we expect the listing to be flat, hovering around the issue price,” said Prashanth Tapse, Senior VP Research – Research Analyst at Mehta Equities Ltd.

Quality Power Stock Price Live: Quality Power Electrical Equipments shares are facing a downward trend in the grey market. According to stock market observers, the IPO's Grey Market Premium (GMP) is Rs-10 per share today, indicating that the shares are trading ₹10 below their issue price.

Quality Power Stock Price Live: Quality Power Electrical Equipments shares will participate in the Special Pre-open Session (SPOS) on Monday, February 24, 2025, with trading set to commence at 10:00 AM.

Quality Power Stock Price Live: Quality Power Electrical Equipments Ltd will make its stock market debut today, February 24 (Monday), after receiving a tepid response to its initial public offering (IPO).