| | AUGUST 20258Parth Electricals & Engineering, a manufacturer of electrical components, has revealed that it raised Rs.13.8 crore from anchor investors shortly before its Rs.49.72 crore initial public offering (IPO), which is set to commence on August 4.Capri Global Capital, Beacon Stone Capital, and IndiaMax Investment Fund are among the participants in the anchor round, as stated by the company.The IPO has been priced between Rs.160 and Rs.170 per share. The IPO will open on August 4 and will conclude on August 6. Following this period, shares will be available on NSE's SME platform, Emerge.This public offering represents a fresh issue of 2.9 million shares. Previously, the company secured Rs.12 crore through a pre-IPO placement. Parth Electricals intends to utilize the funds raised from the IPO.Currently based in Vadodara, Gujarat, Parth Electricals is allocating Rs.40 crore to set up two new plants--one in Vadodara for gas-insulated switchgear and another in Khurda, Odisha--aiming to better serve rapidly developing regions such as eastern India.The company's order book has reached Rs.140 crore, bolstered by a recent Rs.48 crore agreement with Waaree Energies for a 6.5 GW solar project in Navsari.Parth Electricals has notable clients including Aditya Birla, UltraTech Cement, L&T, Reliance Industries, Adani, Tata Power, Schneider Electric, BHEL, Tata Steel, Siemens, GFL, and Jindal Steel & Power.In FY25, the company reported operational revenue of Rs.174.67 crore and a profit after tax of Rs.10.11 crore.Horizon Management is the lead manager for the IPO, while KFin Technologies is responsible for the registration. PARTH ELECTRICALS & ENGINEERING RAISES RS 13.8 CRORE AHEAD OF IPOIN FOCUSAlphabet's growth-stage venture arm CapitalG and Nvidia are in talks to invest in artificial intelligence infrastructure provider Vast Data in a new funding round that could value the startup as high as $30 billion.The startup is securing billions of dollars from major tech companies, private equity, and venture capital investors, which might position it as one of the most valuable AI startups.CapitalG and current investor Nvidia are negotiating to join the round, which may conclude in the upcoming weeks. Vast Data, based in New York, creates storage technology tailor-made for large AI data centers, facilitating efficient data transfer between graphics processors (GPUs) from companies such as Nvidia. Its customers comprise firms like Elon Musk's xAI and CoreWeave, and its worth in the AI supply chain renders it an appealing acquisition candidate.Vast Data's CEO Renen Halak states, "The company generates positive free cash flow. By January 2025, the company had achieved $200 million in annual recurring revenue (ARR), bolstered by a robust order backlog and forecasts indicating growth in ARR to $600 million the following year, as per another source knowledgeable about its finances. The company has secured about $380 million so far, and its latest funding round in 2023 appraised it at $9.1 billion."Last year, Vast Data appointed Amy Shapero as its inaugural chief financial officer; she previously held the same position at the publicly traded e-commerce giant Shopify, indicating potential IPO preparations. CAPITALG AND NVIDIA TO INVEST IN VAST DATAIN FOCUSWith increasing demand from utilities such as Tata Odisha, TP Western Odisha Distribution Ltd (TPWODL), and Damodar Valley Corporation, the company is also focused on expanding its workforce from 250 to 550Vast Data announced it would evaluate an initial public offering when the timing is appropriate. Although a listing is not forthcoming, as per another source knowledgeable about the situation, investors and bankers consider the data infrastructure company a probable IPO contender
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