AWFIS SPACE SOLUTIONS LTD Q3 RESULTS
Confident of meeting overall guidance of 3-5% constant currency growth for the year: HCL CEO
The Q1 has typically been HCL's weakest margin quarter with the top line impacts which have also been seasonal in that sense and Q1 even in the previous two years has been around that 17%, which is where HCL landed up this quarter as well, says CFO Prateek Aggarwal. Typically, Q2 picks up to something like 18% and Q3 is the peak, which goes to 19% plus and then the Q4 again comes back to that same second-quarter level
Citigroup Q2 Results: Profit beats on surge in investment banking, services strength; but shares fall 3%
The third-largest U.S. lender reported a profit of $1.52 per share for the three months ending June 30, surpassing analysts' expectations of $1.39, according to LSEG data. Warren Kornfeld, senior vice president in the financial institutions group at Moody’s Ratings, noted that these results highlight Citi's challenging path toward achieving its shareholder returns target of 11% to 12%, up from 7.2% in the second quarter.
IREDA Q1 Results: PAT jumps 30% YoY to Rs 384 crore, revenue surges 32%
IREDA Q1 Results: The state-run NBFC saw a significant increase in loan sanctions, up 387% to Rs 9,210 crore compared to Rs 1,892 crore in the same period last year. Loan disbursements also rose by 68%, reaching Rs 5,326 crore compared to Rs 3,173 crore in the previous year.
HCLTech Q1 result; Nasscom on Karnataka gig workers’ bill
India’s third IT major HCLTech’s Q1 profit is up 20% to Rs 4,257 crore. This and more on today’s ETtech Top 5.
TCS Q1 profit rises 8.7%; wage hikes, demand slump drag sequential numbers
TCS's June quarter net profit decreased 3.16% to Rs 12,040 crore due to wage hikes for its 600,000-plus workforce; net profit increased 8.7% YoY. Revenue rose 5.4% to Rs 62,613 crore. BSNL deal drove 61.8% India growth. The deal pipeline is $8.3 billion, AI projects at $1.5 billion. Operating margin is 24.7%. Interim dividend Rs 10 per share.
TCS is the largest IT company and the safest; expect better profitability down the year: Mahantesh Sabarad
TCS reported Rs 62,000 crore revenue with a 24.6% margin due to execution delays and profit decline. Mahantesh Sabarad is optimistic, recommends Tata Tech for midcaps. Accenture sees high deal flow but delays. US dollar revenue at $7.5 billion. AI improves IT support, cyber security; SG&A expenses impact margins. Enterprise solutions might decline, back-end services to grow.
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Prestige Estates Q1 Results: Sale bookings fall 23% YoY to Rs 3,029 cr
Realty firm Prestige Estates Projects Ltd has reported a 23 per cent decline in its sale bookings to Rs 3,029.5 crore in the first quarter of this fiscal on lower volumes due to delay in launches of new projects. Its sale bookings stood at Rs 3,914.7 crore in the year-ago period.
Awfis swings into black in Q4 FY24; posts Rs 1.3 crore profit versus Rs 13 crore loss YoY
CCI cleared WeWork Inc's stake sale in the local coworking firm unit. Investors including the Enam group family office are investing in WeWork India. Companies in India have seen a growth revival in the co-working space.
Awfis Space Solutions lists at 13.5% premium on NSE
Awfis early trades on the NSE, had hit a high of Rs 451.45 apiece. Stock exchange data shows, Awfis IPO closed on May 27, receiving bids for more than 936.8 million shares against the 8.62 million shares on offer.
Awfis makes stock market debut at a premium: key things to know
Awfis listed on the bourses on Thursday, with its stock opening at Rs 435 on NSE, a premium of 13.57% to the issue price of Rs 383 per share. On the BSE, it listed at Rs 432.25, up 12.85%. For the IPO, the company was valued at Rs 2,659 crore. At the end of the first day’s trade, its market capitalisation was Rs 2,909 crore. Here are some key details about the listing.
Election uncertainty weighs on Awfis Space Solutions' debut: Should you hold or exit?
Awfis Space Solutions, a prominent participant in India's flexible workspace sector, experienced a respectable listing on Thursday, albeit slightly below expectations. The company's shares debuted at Rs 435, marking a gain of over 13% compared to the issue price of Rs 383.
Awfis Space Solutions shares list at 14% premium over issue price
Awfis Space Solutions Share Price: Awfis Space Solutions lists at 14% premium over issue price with strong investor interest and expansion plans. Financial challenges persist despite revenue growth. Book running lead managers include ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services.
Awfis Space Solutions GMP: Will there be a decent listing at the bourses today?
Awfis Space Solutions shares are currently trading in the unlisted market at a premium of Rs 125, representing a 27% increase over their issue price. The IPO garnered significant interest, with a subscription rate exceeding 100 times at closing.
Awfis Space Solutions IPO allotment: Check status, GMP, and other details
Awfis Space Solutions IPO allotment is set to be finalised today. Investors can check the allotment status on the BSE or Bigshare Services Private Limited’s website. This will reveal the number of shares allotted compared to their bids.
Awfis Space Solutions IPO: Issue subscribed over 32X so far on last day, NII portion booked 76X
Awfis Space Solutions IPO includes a fresh share sale of Rs 128 crore and an OFS of up to 1.22 crore shares. Promoter Peak XV Partners V and other shareholders Bisque Ltd and Link Investment Trust are participating in the OFS. The company's shares are trading with a premium of Rs 110-118 in the grey market.
Aimtron Electronics among 5 SME IPOs set to hit the Street this week. Check details
In the SME segment, Aimtron Electronics, Beacon Trusteeship, Vilas Transcore, Ztech India, and TBI Corn will debut this week. Meanwhile, the mainboard IPO, Awfis Space Solutions will list on the exchanges this week.
Suzlon Energy Q4 Results: Net profit drops 21% YoY to Rs 254 crore
Renewable energy solutions provider Suzlon Energy on Friday reported nearly 21 per cent decline in consolidated net profit to Rs 254 crore in the March quarter mainly due to certain exceptional items.
Awfis Space Solutions IPO opens today. What GMP signals ahead of issue launch
The Awfis Space Solutions IPO is set to commence subscription on May 22, closing on May 27. Prior to the launch, shares of the company are trading at a premium of Rs 165 in the unlisted market.
Awfis Space Solutions IPO sails through on first day. Check GMP and other details
Awfis Space Solutions IPO saw high demand from retail investors on the first day. The IPO includes a fresh share sale of Rs 128 crore and an offer-for-sale of up to 1.22 crore shares. Anchor investors like Goldman Sachs and HDFC MF also participated.
Awfis Space Solutions IPO opens for subscription. Should you bid?
Awfis Space Solutions IPO, with participation from anchor investors like Goldman Sachs, EastBridge Capital Master Fund, HDFC Mutual Fund, and ICICI Prudential MF, will open for subscription at Rs 364-383/share. Analysts recommend subscribing for market leadership and reasonable valuations.
Wait for Awfis Space Solutions to deliver stable profitability
The company has an asset-light business model and is debt-free. However, limited operating history, consistent losses, scalability of business, and sustainability of long-term contracts with clients are a few concerns.
Awfis raises Rs 269 crore from anchor investors ahead of IPO
For the anchor portion, Awfis has allocated 7.01 million shares at Rs 383 apiece. The investors include mutual funds such as Invesco India Multicap Fund, Axis Mutual Fund, ICICI Prudential Housing Opportunities Fund, HDFC Small Cap Fund, Goldman Sachs India Equity, Allianz Global Investors Fund and HSBC Global Investment Fund.
Awfis Space Solutions IPO opens this week. 10 things to know before subscribing to the issue
The IPO of Awfis Space Solutions is set to open for subscription on May 22 and will close on May 27. The company aims to raise approximately Rs 599 crore through this public offer. Awfis has set a price band of Rs 364-383 per share, and investors can bid for 39 shares in one lot and in multiples thereafter.
Awfis sets Rs 364-383 price band for IPO
The company expects its differentiated business model, expanding presence in tier-1 and tier-2 cities and increasing demand from large enterprises and startups to help make its public listing a success and drive future growth, founder and managing director Amit Ramani told ET on the sidelines of a pre-IPO conference in Mumbai.
Awfis Space Solutions IPO price band fixed at Rs 364-383; offer to open on May 22
Awfis Space Solutions' IPO opens for subscription on May 22, with a price band of Rs 364-383 per share. The offering aims to raise between Rs 576-599 crore, valuing the company at Rs 2,659 crore.
Awfis IPO: Price band for Rs 599 crore public issue announced
Coworking space company, Awfis Space Solutions, will launch its initial public offering (IPO) on May 22, the company’s red herring prospectus showed.
Awfis IPO on May 22: All you need to know
Coworking space company, Awfis Space Solutions, will launch its initial public offering (IPO) on May 22, the company’s red herring prospectus showed. The Delhi-based company has reduced the fresh capital it is raising from the offering to Rs 128 crore from Rs 160 crore earlier.
Office-sharing startup Awfis to launch IPO on May 22
Delhi-based Awfis has reduced the fresh capital it is raising from the offering to Rs 128 crore from Rs 160 crore earlier. Meanwhile, the company's offer for sale component (OFS), through which investors like Peak XV Partners and private equity firm ChrysCapital are divesting their stakes, has been increased to 12.3 million shares from 10 million shares earlier.
Sebi nod for Awfis IPO; Byju's NCLT saga continues
The stock market regulator has greenlit coworking startup Awfis’ IPO plans. Details on this and more in today’s ETtech Top 5.
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