Indian equities are staging a determined recovery from their late-March lows. A confluence of macro tailwinds building beneath the surface suggests the Nifty 50 has a credible path back to its all-time high before the calendar year is out. The benchmark closed near 24,270 on July 4 and pushed above 24,200 through last week, yet … Read more
Worst session in over three months as West Asia flare-up sends crude higher, VIX spikes, and every sector on the Street bleeds red. Mumbai bulls entered Wednesday with cautious optimism and left it nursing the worst bruises of the quarter. The BSE Sensex tumbled 1,677.12 points, or 2.15 per cent, to close at 76,503.60, while … Read more
An export-oriented, integrated PLWPP bag maker from Gujarat hits the market with a ~Rs 439 crore issue Knack Packaging Ltd., an integrated, innovation-driven, export-oriented packaging solutions provider, opens for subscription on July 1 with the issue closing on July 3. Incorporated in 2013, the company manufactures Printed and Laminated Woven Polypropylene (PLWPP) bags, including PLWPP … Read more
A Gujarat-based cotton yarn manufacturer hits the market with a Rs 170 crore fresh issue Aastha Spintex Ltd., a Gujarat-based textile manufacturer established in 2013, opens for subscription on June 29 with the issue closing on July 1. The company is engaged in manufacturing and trading of carded, combed, and compact combed cotton yarns and … Read more
An Odisha-based GovTech and digital transformation company with 27 years of history hits the market with a Rs 146 crore fresh issue CSM Technologies Ltd., a GovTech and digital transformation company incorporated in 1998, opens for subscription on June 24 with the issue closing on June 29. The company specialises in e-governance platforms and digital … Read more
A Jaipur-based handcrafted jewellery maker behind the “Rambhajo” brand hits the market with a Rs 165 crore fresh issue Advit Jewels Ltd., a Jaipur-based jewellery company specialising in handcrafted fine jewellery under the brand name “Rambhajo”, opens for subscription on June 23 with the issue closing on June 25. Incorporated in 2019, the company has … Read more
India’s dominant ocean cruise operator — the company behind the “Cordelia” brand — hits the market with a Rs 585 crore fresh issue. Waterways Leisure Tourism Ltd., one of the leading domestic ocean cruise operators in India, opens for subscription on June 23 with the issue closing on June 25. Incorporated in November 2020, the … Read more
India’s largest certified PoSP insurance-distribution network hits the market with a Rs 883 crore issue Turtlemint Fintech Solutions Ltd., a technology-enabled insurance distribution platform that connects customers, insurance advisors (PoSPs), and insurers through a digital ecosystem, opens for subscription on June 19 with the issue closing on June 23. The company operates one of India’s … Read more
A 40% dip in equity flows, the first Gold ETF outflow in 13 months, and a debt-heavy industry reversal — yet SIPs held above Rs 30,000 crore. The story is caution The Indian mutual fund industry entered the summer with its confidence tested. May’s data, released by the Association of Mutual Funds in India … Read more
A three-decade-old, research-driven nutrition company hits the market with a Rs 139 crore pure offer-for-sale, priced at the upper band of Rs 45. Hexagon Nutrition Ltd., a differentiated, research-driven nutrition company with an integrated presence across the entire nutrition value chain, opens for subscription on June 5 with the issue closing on June 9. Founded … Read more