What Is the NB 1.8.1 COVID-19 Variant?

The NB 1.8.1 form of SARS-CoV-2 was discovered in China in January 2025. By mid-May, it accounted for about 11% of sequenced samples globally, prompting the World Health Organization (WHO) to categorize it as a “variant under monitoring” due to its rising prevalence in countries such as the eastern Mediterranean, Southeast Asia, and the western Pacific..AP News

“Microscopic close-up of COVID-19 NB.1.8.1 variant mutation under microscope”

Where Has NB 1.8.1 Been Detected?

In the United States, NB 1.8.1 has been documented in travelers arriving at airports in California, New York, Virginia, and Washington.

As of May 27, 2025, less than 20 cases had been confirmed nationwide.

Genetic Profile and Transmission

NB 1.8.1 is descended from the Omicron JN.1 subvariant.

It has acquired multiple spike protein mutations, which may have an impact on transmissibility or immune evasion.

However, additional research is needed to confirm these possibilities.

“Microscopic close-up of COVID-19 NB.1.8.1 variant mutation under microscope”

.Navbharat Times+4Nation+4The Lancet+4Thailand Medical News

Symptoms of NB 1.8.1

The symptoms of NB 1.8.1 are comparable to those of other recent COVID-19 variations, and include:

Sore throat.

Nasal congestion.

Fatigue

Cough

Fever

Headache

• The Busted News+1YouTube+1World Health Organization+2The Lancet+2Anadolu Ajansı+2

In certain cases, particularly among unvaccinated or immunocompromised people, symptoms might worsen into severe respiratory distress.

Vaccine Effectiveness

According to the WHO, existing licensed COVID-19 vaccines are predicted to be effective against the NB 1.8.1 strain.

There is no indication that this variant causes more severe disease than other variants in circulation.

Prevention Measures

To lower the likelihood of infection with NB 1.8.1:

Stay up to speed with vaccines.

Masks used indoors in congested places

Test if symptomatic

Isolate if sick

Practice good hygeine

YouTube+8Nebraska Medicine+8datadot+8datadot+3Instagram+3Anadolu Ajansı+3World Health Organization+2World Health Organization+2The Lancet+2

The current dominant variant in the United States.

According to the CDC, the most common COVID-19 variation in the United States in April 2025 is LP.8.1, which accounted for 70% of recorded cases between April 26 and May 10.

“Microscopic close-up of COVID-19 NB.1.8.1 variant mutation under microscope”

Conclusion

While the NB 1.8.1 variant is being extensively examined because to its growing global distribution, there is no evidence that it poses a greater danger than other circulating variants.

Continued commitment to public health norms, including immunization and preventive measures, is critical.

GameStop’s Strategic Shift: Acquiring 4,710 BTC with $513 Million Investment

Key Investment Details

BItcoin acquisition: 4,710 BTC.

Estimated value: around $513 million at current market pricing.

Financing Method: Funded by a $1.3 billion convertible note issue

Purchase date: announced on May 28, 2025.

Bitcoin Price at Announcement: Around $107,365 per BTC.

GameStop logo next to a large Bitcoin symbol representing the company’s $513 million cryptocurrency investment.”

Investopedia+1Cointelegraph+1

Market Reaction

shares Performance: GameStop’s (GME) shares witnessed an initial increase in premarket trade but then plummeted by 8.8% at midday trading on the announcement day.

Bitcoin’s Recent Surge: Bitcoin’s price has soared over 50% since April lows and reached record highs above $110,000, impacting GameStop’s decision.

Barron’s+3MarketWatch+3Investopedia+3Business Insider

Strategic Implications

Treasury Reserve Strategy: GameStop’s move is consistent with an increasing trend among organizations to accept Bitcoin as a treasury reserve asset, following the example established by companies like MicroStrategy.

Diversification Effort: This investment represents a considerable departure from GameStop’s typical retail business, trying to diversify its portfolio and hedge against inflation.

Barron’s+1Nasdaq+1

Stack of Bitcoin coins in front of a financial chart, symbolizing GameStop’s strategic entry into the crypto market.”

Risks and Considerations

Volatility: The inherent price volatility in Bitcoin raises possible hazards to GameStop’s financial stability.

Regulatory Uncertainty: The shifting regulatory landscape for cryptocurrencies may effect the company’s investing strategy.

Market Perception: Investor skepticism remains, as reflected in the stock’s decline post-announcement

Barron’s

“GameStop retail store overlaid with digital Bitcoin graphics indicating the company’s shift towards cryptocurrency.”

Looking ahead.

GameStop’s entry into the cryptocurrency market represents a bold move toward innovation and diversity. The company’s future performance will be determined by how successfully it integrates this new asset class into its overall business plan, as well as its ability to navigate the related risks.
Barron’s

GameStop (GME) stock chart showing recent price surge amid Bitcoin investment announcement.”

Thames Water Faces Record £123 Million Fine for Environmental and Financial Mismanagement

UK’s top water supplier is punished for sewage breaches and inappropriate dividend payouts.

Thames Water, the UK’s largest water supplier, has received a record £123 million punishment from Ofwat, the water sector regulator.

This exceptional punishment addresses major infractions in sewage management and shareholder dividend practices.

“Raw sewage discharge into the River Thames highlights environmental crisis linked to Thames Water’s £123 million fine.”

Record fines for environmental breaches.

Ofwat fined Thames Water £104 million for multiple faults in its wastewater operations.

The corporation was discovered to have frequently dumped untreated sewage into rivers and seas, with evidence indicating that more than 70% of its storm overflows were used incorrectly, not merely during unusual weather events as legally permitted..The Guardian

In 2024, Thames Water’s sewage discharges totaled approximately 300,000 hours, revealing major operational flaws.

The Guardian

“Thames Water facility under scrutiny as company faces record £123M fine for environmental and dividend rule breaches.”

Unjustified Dividend Payments

An additional £18.2 million penalties was imposed for improper dividend payments.

Despite financial troubles and environmental concerns, Thames Water paid out £195.8 million in dividends between October 2023 and March 2024.

Ofwat decided that these payments were unjustified because they were not in line with the company’s performance and service delivery..Sky News

Financial Struggles and Regulatory Oversight

Thames Water’s financial status remains severe, with a debt of almost £22 billion. The corporation has been placed under a “cash lock-up,” which prevents future dividend disbursements without Ofwat permission.

In February 2025, Thames Water won a £3 billion rescue loan to stave off collapse, but its credit rating remains below investment grade

The GuardianReuters

Regulatory Action and Industry Implications

Ofwat’s efforts are part of a broader crackdown on water providers’ environmental and financial practices.

The regulator highlighted that Thames Water and its investors would bear the fines, not the customers.

This approach seeks to ensure that firms are held accountable for their impact on the environment and public trust.

.The Guardian

“Public backlash against Thames Water’s sewage spills grows amid largest fine in UK water industry history.”

Conclusion

Thames Water’s record fine emphasizes the need for responsible environmental stewardship and financial transparency in the water industry.

As the company navigates its financial issues, it remains committed to meeting its environmental and consumer commitments.

SPaceX Starship’s Ninth Test Flight Failed: What It Means for Mars Ambitions

On May 27, 2025, SpaceX’s ninth test flight of the Starship spacecraft failed when the upper-stage rocket disintegrated during re-entry over the Indian Ocean.

This is the third straight failure in 2025, after unsuccessful attempts in January and March.

The Times of India

Mission Overview

Launch Date and Time: May 27, 2025, at 23:36 UTC (6:36 PM CDT).

Launch Site: Starbase, Texas.

Spacecraft: Starship Ship 35.

Super Heavy Block 2, Booster 14-2.

Payload: About 16,000 kilograms (35,000 lbs) of Starlink mass simulators.

Flight Objective: Achieve orbital velocity and demonstrate reusability of both upper and lower stages
Space Insider+4Wikipedia+4Wikipedia+4Space+3The Times of India+3AP News+3

The mission began successfully, with the Super Heavy rocket delivering the Starship into space.

However, during the descent phase, the upper-stage vehicle lost attitude control, resulting in disintegration upon re-entry. The booster was destroyed during the landing burn over the Gulf of Mexico.

Wikipedia+1The Guardian+1

SpaceX Starship rocket launches from Starbase, Texas in historic Mars mission test flight

Analysis of Failure

This failure follows a trend seen in earlier test flights, in which the upper-stage vehicle encountered abnormalities that resulted in mission termination.

In January 2025, the spacecraft’s six engines shut down consecutively after roughly nine minutes, resulting in a loss of communication and annihilation.

The Times of India+1The Guardian+1The Guardian+1Space+1

Experts believe that, while these setbacks are normal in the iterative process of aerospace development, the accumulated failures may raise worries about the project’s feasibility and the financial sustainability of such high-cost missions.

Business Standard

Implications of Mars and Lunar Missions

Starships are crucial to SpaceX’s aspirations for interplanetary travel, which include missions to Mars and the Moon.

The spacecraft is also a significant component of NASA’s Artemis program, with SpaceX receiving a $2.9 billion contract to create a lunar variant. Business Standard

However, repeated test failures could push back these ambitious timetables, jeopardizing NASA’s objectives and the larger aspirations of Mars settlement.

The Federal Aviation Administration (FAA) continues to monitor the program to ensure compliance with safety standards.

Broader Impacts

The starship is essential not only to Musk’s Mars ambitions, but also to NASA’s Artemis mission, which seeks to return humans to the Moon by 2030.

Its heavy-lift capabilities are also linked to possible US defense projects, such as Trump’s “golden dome” missile shield.

Delays and failures could push NASA and other clients to consider competitors, notably Blue Origin.

Investor Concerns

According to the story, Musk’s increasing political activism, including controversial appearances at groups like as CPAC, may be diverting attention away from his enterprises.

Investors are allegedly concerned about the profitability of Musk’s different enterprises amid these high-profile Starship failures and his political excursions.

SpaceX Starship rocket launches from Starbase, Texas in historic Mars mission test flight

Conclusion

While Musk has a track record of overpromising and subsequently delivering transformational technology (e.g., Tesla and Falcon 9), this run of Starship failures puts that story to the test.

The essay raises a fundamental question: Has Musk finally overreached?

Despite the difficulties, SpaceX’s track record, particularly with reusable launch vehicles, ensures the long-term ambition remains alive.

However, with major milestones still unmet and rising external scrutiny, the future of Starship—and, by implication, Musk’s Mars vision—is very dubious.

Introduction

The government of India has launched the Ayushman Bharat Vay Vandana Card, a major program under the Pradhan Mantri Jan Arogya Yojana (PM-JAY) that aims to provide full healthcare coverage to older individuals aged 70 and up.

This policy provides annual health coverage of ₹5 lakh every senior adult, regardless of socio-economic condition, ensuring access to quality healthcare for the aged population.

Senior citizen registering for Ayushman Bharat Vay Vandana Card using Ayushman App on mobile phone”

Key Features and Benefits
1. Extensive coverage

Annual Health Coverage: ₹5 lakh for senior citizens.

include pre-existing conditions: There is no waiting time, and coverage for all pre-existing conditions begins on day one.

Covers approximately 1,961 medical treatments across 27 categories, including cancer treatment, dialysis, joint replacements, stroke management, and more.

ETBFSI.com

2. Eligibility Criteria.

Age requirement: 70 years or older.

Documentation: Aadhaar cards are required for registration.

Income Status: regardless of income or economic background.

.ETBFSI.com

3. Registration Process

Online Enrollment: Senior citizens can download the Ayushman Bharat Health Account (ABHA) mobile app or visit the official website beneficiary.nha.gov.in for self-registration.

Assisted Registration: Enrollment can also be done at empanelled hospitals or through Common Service Centres (CSCs).

Verification: Completion of e-KYC is required, which can be facilitated through Aadhaar-based authentication

ETBFSI.com+1Franchise India+1

4. Access to healthcare services.

Cashless treatment is available in more than 30,000 public and private institutions across India.

Top-Up Coverage: Senior citizens with PM-JAY coverage receive an additional ₹5 lakh for healthcare needs.
The Economic Times+3ETBFSI.com+3India Today+3

Impact and Reach

Enrollment Milestone: As of December 2024, over 25 lakh senior citizens have enrolled in the scheme.

Treatment Availment: Beneficiaries have availed treatments worth over ₹40 crore, including procedures like coronary angioplasty, hip replacements, cataract surgeries, and dialysis.

Geographical Outreach: The scheme has been implemented nationwide, with special drives in various states to ensure maximum coverage

.The Times of India+5ETGovernment.com+5ETBFSI.com+5

Senior citizen registering for Ayushman Bharat Vay Vandana Card using Ayushman App on mobile phone”

Limitations and Considerations

Coverage Limitations: The ₹5 lakh cover per senior citizen may not be sufficient for long-term or costly treatments.

Scheme Selection: Senior persons who are currently enrolled in other government health programs such as CGHS, ECHS, or CAPF must choose between their existing coverage and the Ayushman Bharat scheme.

Family Floater Concept: The ₹5 lakh cover is divided among all eligible family members.

The Economic TimesETBFSI.com+1India Today+1

Senior citizen registering for Ayushman Bharat Vay Vandana Card using Ayushman App on mobile phone”

NMDC Q4 FY25 Financial Results: Net Profit Rises 5% YoY to ₹1,483 Crore; Revenue Up 8%

NMDC, a state-owned mining company, announced a 5% year-on-year (YoY) increase in consolidated net profit for the fourth quarter of FY25, totaling ₹1,483.18 crore. This is an increase from ₹1,415.62 crore in the fourth quarter of FY24.

The company’s total income for the quarter increased by about 9% to ₹7,497.17 crore, up from ₹6,908.37 crore in the same time last year. The Economic Times

“NMDC corporate office in Hyderabad, symbolizing India’s leading iron ore producer.”

.”

Revenue Breakdown:

Iron ore sales totaled ₹6,350.49 crore

Pellets and Other Minerals: ₹662.07 crore.

In FY25, NMDC’s iron ore output reached 45.02 million tonnes (MT), while sales totaled 44.48 MT, representing a 10% and 16% growth, respectively, over FY24. This result highlights NMDC’s substantial significance in India’s iron ore sector, accounting for nearly 16% of total iron ore output.

The Hindu

Dividend Announcement:

The Board of Directors has proposed a final dividend of ₹1 per share, subject to shareholder approval.

An interim dividend of ₹2.30 per share for FY25 has already been paid.

NMDC CMD Amitava Mukherjee discussing company’s 100 MTPA expansion goal at a press conference.”

Management Outlook:

Amitava Mukherjee, Chairman and Managing Director of NMDC, stressed the company’s commitment to sustained expansion, with a target production capacity of 100 million tonnes per annum (MTPA) by 2030-31.

This strategic goal corresponds with NMDC’s vision of increasing its market share and significantly contributing to the domestic iron ore supply.

Moneycontrol

Challenges and Factors to Consider

Despite its strong financial results, NMDC faces obstacles, including a retrospective fee levied by the Karnataka government, according to the company’s auditor. While the specifics of the charge were not published, it demonstrates the regulatory complications that can have an impact on operations.

NMDC CMD Amitava Mukherjee discussing company’s 100 MTPA expansion goal at a press conference.”

. The Economic Times

Conclusion:

NMDC’s Q4 FY25 results reflect a solid financial performance, driven by increased iron ore production and sales.

The company’s strategic initiatives and commitment to growth position it well for future success in the competitive mining sector.

Belrise Industries Ltd., a renowned automobile component maker, debuted on the Indian stock exchange on May 28, 2025.

The company successfully obtained ₹2,150 crore through its IPO, which was a new issue of equity shares. The monies raised are largely meant for debt reduction and other corporate reasons.websiteAngel One+1Moneycontrol+1

Belrise Industries company logo and corporate headquarters in Pune, India”

IPO Subscription and Allotment

Subscription Details:

Quantified Institutional Buyers (QIBs): 108.35 times

Non-institutional investors (NIIs): 38.33 times.

Retail investors: 4.27 times.

Overall Subscription: 41.30 timesMoneycontrol+4Angel One+4mint+4

Price Range: ₹85-₹90/share.

Final issue price is ₹90 per share.

Listing Exchanges: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)

The Economic Times

The IPO was oversubscribed across all categories, indicating strong investor interest and confidence in the company’s prospects .Angel One

Market Debut Performance

Belrise Industries shares opened at ₹100 on the NSE and ₹98.50 on the BSE, representing an 11% premium over the issue price of ₹90 per share. This great debut demonstrates investor confidence and significant demand for the company’s stock on the market.

.The Economic Times

Company Overview

Founded in 1996.

Headquarters in Pune, Maharashtra, India.

Operations: 15 production facilities throughout eight states in India.

Global presence: Exports to Austria, Slovakia, the United Kingdom, Japan, and Thailand.

Product Portfolio:

Metal chassis systems.

Polymer components

The suspension systems

Body-in-white components.

Exhaust systemsThe Economic Timesmint+6Angel One+6Chanakya+6mint+6Chanakya+6NDTV Profit+6

Belrise Industries serves over 27 Original Equipment Manufacturers (OEMs) globally, including major players like Bajaj Auto, Honda Motorcycle & Scooter India, Hero MotoCorp, Jaguar Land Rover, and Royal Enfield Motors .Angel One+4NDTV Profit+4Business Standard+4

Belrise Industries company logo and corporate headquarters in Pune, India”

Financial Performance

Revenue (FY24): ₹7,484 crore (a 13.7% increase from the previous year) Net Profit (FY24): ₹310.88 crore Operating Margin: 12.54%

Debt Reduction Objective: ₹1,618 crore from IPO proceedsNDTV Profit+3Angel One+3Business Standard+3Business StandardNDTV ProfitThe Times of India+6Angel One+6Mone

The company has demonstrated consistent revenue growth and aims to utilize the IPO funds to strengthen its balance sheet by reducing debt .

.Angel One

Analyst Insights

Analysts view Belrise Industries as a strong player in the automotive component sector, with a robust market share and a diversified product portfolio. The company’s focus on precision sheet metal pressing and fabrication positions it well to capitalize on the growing demand in the automotive industry. The successful IPO and positive market debut further underscore investor confidence in Belrise’s growth prospects .

.Moneycontrol+4Chanakya+4website+4The Economic Times+1The Economic Times+1

Conclusion

Belrise Industries’ successful IPO and strong market debut reflect its solid position in the automotive component industry and investor confidence in its future growth. With a clear strategy for debt reduction and a diversified product portfolio, Belrise is well-positioned to capitalize on opportunities in the evolving automotive sector.

Investor interest in Prostarm Info Systems’ initial public offering (IPO) has grown rapidly. Retail and non-institutional investors led the charge in the issue’s oversubscription by more than seven times as of Day 2 of bidding (May 28, 2025).

However, the crucial question still stands: Is it worthwhile to make an investment prior to the May 29 IPO closing?

Everything you need to know is right here, including subscription status, financials, expert reviews, grey market premium (GMP), and if you should bid or not.

“Prostarm Info Systems IPO subscription status chart showing 7.88x overall demand as of May 28, 2025”

Quick Snapshot: Prostarm IPO Details

Specifics Information
Date of IPO Opening: May 27, 2025
Date of IPO Closure: May 29, 2025
Band Price: ₹95 to ₹105; Lot Size: 142 shares
The entire issue size (new issue alone) is ₹168 crore.
Stocks 1.6 crore GMP was offered (as of May 27). ₹25

Based on GMP, the expected listing price is around ₹130.
Date of Tentative Listing: June 3, 2025
Registrar Kfin Technologies Lead Manager for Book-running Capital Advisors

Subscription Status (as of May 28, 12 PM)

Total number of subscribers: 7.88x

RIIs (retail investors): 7.12x

11.94x Non-Institutional Investors (NIIs)

Just 0.09% of buyers are qualified institutional buyers (QIBs).

The shopping frenzy indicates significant public opinion, notwithstanding early limited institutional interest.

Total number of subscribers: 7.88x

RIIs (retail investors): 7.12x

11.94x Non-Institutional Investors (NIIs)

Just 0.09% of buyers are qualified institutional buyers (QIBs).

The shopping frenzy indicates significant public opinion, notwithstanding early limited institutional interest.

Prostarm IPO GMP trend rising to ₹25 ahead of May 29 closing date

Company Overview: Who is Prostarm Info Systems?

Located in Maharashtra, Prostarm is a rapidly expanding supplier of power electronics solutions. Among its primary products are:

Systems with Uninterruptible Power Supplies (UPS)

Hybrid solar inverters

Packs of lithium-ion batteries

Stabilizers for voltage

The Agarwal family owns the business, which faces competition from publicly traded firms like Sungarner Energies and Servotech Power Systems.

“Prostarm Info Systems factory image showcasing power solution products and industrial capabilities”

Financial Performance Snapshot

Prostarm is a desirable long-term investment due to its steady growth. A glance at its financials is provided below:

Metric: Growth Revenue ₹230 crore ₹258 crore +12% for FY23 and FY24
₹19 crore in net profit ₹22.8 crore + 18%
EBITDA: around ₹27 crore ₹35 crore + 29.8%
EBITDA 11.8% margin 13.7% plus 190 basis points
Post-IPO market capitalization: ₹618 crore; P/E ratio (at ₹105) — 2.4x Reasonable — 27.1x Fairly Priced Market Cap-to-Sales

Use of IPO Proceeds

The business has prudently allocated its IPO funds:

Working capital: ₹72.5 crore

Repayment of debt: ₹18 crore

₹9 crore: Acquisition of a subsidiary

Balance: Corporate costs and inorganic growth

This capital allocation points to a strategy emphasis on growth through innovation, expansion, and better balance sheet health.

Brokerages Weigh In: What Experts Say

Bajaj Broking Rating: Long-Term Subscription

“IPO with a high price tag, but supported by consistent growth in revenue and profits.” Having all services in one location increases profits.

🔹 Anand Rathi Rating: Long-Term Subscriber

“IPO has a reasonable valuation. Promising ambition is demonstrated by the expansion into automation technology and new facilities.

What the Grey Market Says

If sentiment remains stable, the GMP, which was at ₹25 as of May 27, would indicate a 23.8% listing gain.

This places the anticipated listing price at about ₹130, which is significantly more than the ₹105 maximum price range.

Note: Although speculative and unofficial, grey market movements frequently represent the mood of early investors.

Should You Invest in Prostarm IPO?

✔️ Reasons to subscribe: Strong retail and NII demand, oversubscribed on Day 1.

Positive GMP suggests potential listing profits.

Financial performance is strong, with margins growing.

Strategic utilization of funds for long-term growth.

Competent peer placement in a rising market (power and automation).

Watch out for low QIB participation (0.09% as of May 28).

Priced reasonably but not cheaply (P/E ratio of 27.1x).

Competes with established players in power electronics.

Final Verdict: Subscribe for Long-Term Listing Gain Potential.

Prostarm Info Systems’ IPO is ideal for retail investors seeking both short-term listing gains and long-term potential. While it may not be a deep value investment, it provides a balanced risk-reward profile supported by excellent fundamentals, solid GMP, and strategic expansion plans.

Just make sure to apply before the IPO ends on May 29.

For more detailed information and updates on the Prostarm Info Systems IPO, visit The Economic Times and PV Magazine India.

IPO Overview

Dates of Issue: May 26–28, 2025

The entire new offer of 11.91 crore shares is worth ₹2,800 crore.

Price Band: ₹223 – ₹235 per share

Face Value: ₹10 per share

Lot Size: 63 shares

Retail Investment (min): ₹14,049

Listing Exchanges: NSE & BSE

Tentative Listing Date: June 2, 2025

Allotment Finalization: May 29, 2025

ICICI Securities, BNP Paribas, IIFL Capital Services, Jefferies India, and HDFC Bank are the lead managers.

Link Intime (MUFG Intime India Pvt Ltd) is the registrar. mint

“Aegis Vopak Terminals IPO snapshot with price band, subscription status and GMP trends”

Subscription Status (As of May 28 – Final Day)

Subscription to OVerall: 38%

51% at retail

QIB: 44 percent

NII: 15%

Note: The numbers of subscriptions show a lackluster reaction, particularly from institutional investors.

Stock market reacts to Aegis Vopak Terminals IPO with mixed investor sentiment”

Grey Market Premium (GMP)

GMP for today: ₹3

GMP for yesterday: ₹5.

Price at IPO: ₹235

₹238 is the implied listing price (a premium of ≈1.3%).

₹238 is the implied listing price (a premium of ≈1.3%).
Business Standard

The diminishing GMP indicates waning market fervor.

Company Overview:

LPG and liquid product storage terminals (such as those for chemicals, petroleum, vegetable oils, and lubricants)

Founded: 2013

Ownership: Aegis Logistics (47.31%) and Vopak India BV (50.1%)

18 storage tank terminals are part of the network in India.

Strategic Locations: Important ports on the east and west coasts that handle large volumes of liquid and LPG imports

mint+5minutetoknow.in+5NewsDrum+5mint+7CNBCTV18+7NewsDrum+7website+1Ipo Platform+1

Aegis Vopak Terminals industrial storage infrastructure for LPG and chemicals in India”

Financial Highlights

Revenue for FY24 was ₹561.8 crore, up from FY23’s ₹353.3 crore.

The net profit for FY24 was ₹86.5 crore, whereas the loss for FY23 was ₹0.08 crore.

Debt: ₹2,584 crore as of June 2024

Use of IPO Funds:

Repayment of Debt: ₹2,027.18 crore

The purchase of a cryogenic LPG terminal in Mangaluru will cost ₹671.30 crore.

General Business Uses: Remaining Capital

MoneycontrolMoneycontrol+3minutetoknow.in+3CNBCTV18+3epaper.thehindubusinessline.com+1Moneycontrol+1

Expert Recommendation

“Subscribe for Long-Term,” says Anand Rathi.

Justification: The company exhibits good operational efficiency, with the lowest capital expenditure per metric tonne and high throughput in comparison to peers, despite high valuations (FY25 PE of 235x).

Investment Outlook: Take a Look at Applying If

As a long-term investor, you’re looking to gain exposure to the infrastructure industry.

You have faith in the company’s ability to grow and run efficiently.

Think About Steering Clear of If:

Short-term listing profits are what you’re after.

You are wary of the market’s reaction and the company’s high valuation.

Do you need help creating a watchlist for the June 2 listing day or monitoring the allotment status after May 29?