Dilip Davda: SME IPOs Show Cracks, But NSE and Jio Are the Big Ones to Watch
By Dilip Davda Last week gave us a good sense of just how split this market has become. The secondary market marked its second straight negative week, and many expected that to put some brakes on the primary market. It hasn’t. If anything, the primary market is going unabated higher,Continue Reading
Complete Sports and Management India Ltd SME IPO: What You Should Know
A two-decade-old amusement-and-leisure solutions provider opens its Rs 74.93 crore BSE SME issue on August 28 An amusement and entertainment solutions company providing bowling, arcade, laser tag, trampoline and soft-play systems plans to raise Rs 74.93 crore via an SME listing on BSE SME. Complete Sports and Management IndiaContinue Reading
Paluck Technologies Ltd SME IPO: What You Should Know
A 15-year-old diversified engineering-services and infrastructure-support company opens its Rs 33 crore BSE SME issue on August 28 A diversified engineering-services and infrastructure-support company spanning automobile services, construction-equipment rental, logistics and telecom engineering plans to raise Rs 33 crore via an SME listing on BSE SME. Paluck TechnologiesContinue Reading
Priority Jewels Ltd IPO: What You Should Know
A near-two-decade-old Mumbai-based B2B diamond-jewellery manufacturer opens its Rs 92 crore mainboard issue on August 28 A B2B designer and manufacturer of lightweight, affordable diamond-studded gold and platinum fine jewellery plans to raise Rs 92 crore via a mainboard listing on BSE and NSE. Priority Jewels Ltd, incorporated inContinue Reading
ESDS Software Solution Ltd IPO: What You Should Know
A Nashik-based, 20-year-old AI-enabled cloud and data-centre company opens its Rs 720 crore mainboard issue on August 28 — five Tier-3 data centres, a proprietary SWARAJ cloud platform, near-9x PAT growth in two years, 94.92% revenue retention An AI-enabled provider of cloud, managed services, data-centre infrastructure and software solutionsContinue Reading
It Was Losing Money Four Years Ago. Today This Stock’s ROCE Is 81%.
Revenue at 32% CAGR since FY22, Versace and Guess driving the mix, 6,000 outlets across 400 cities, ROCE at 81.5% There are turnaround stories, and then there are turnarounds that are almost difficult to believe when you look at the numbers. Timex Group India’s EBITDA margin was 2.9%Continue Reading
Kwick Forensic Solutions Ltd SME IPO: What You Should Know, GMP and Review
A two-decade-old, India-focused forensic-science and digital-evidence company opens its Rs 50.77 crore BSE SME issue on August 27 — end-to-end forensics from DNA to cyber, a debt-free balance sheet, marquee OEM tie-ups, and a grey market pointing to a solid listing premium, but heavy government and single-supplier concentration. KwickContinue Reading
Lumino Industries Ltd IPO: What You Should Know, GMP and Review
A Kolkata-based integrated power-transmission EPC and conductor-cable maker opens its Rs 700 crore mainboard issue on August 27 — the highest RoNW in its peer set, a 12.48x pre-IPO P/E pitched at a discount to cable peers, a debt-reduction use of proceeds Lumino Industries Ltd, a Kolkata-headquartered T&D-focusedContinue Reading
The World Is Rearming. India Is Manufacturing. Just What Are the Defence Stocks to Own.
Global military spend at a record USD 2.9 trillion and growing at 10% CAGR through 2030, India’s defence exports targeting Rs 750 billion by FY30 “The world is not preparing for the last war — it is investing for the next one.” That is the opening line of Ashika InstitutionalContinue Reading
This Company Has Completed a Rs 2,000 Crore Capex Cycle. The Payoff Is Just Beginning.
World’s only scaled non-Chinese pyridine producer, Rs 3,400 crore CDMO pipeline, Agro-CDMO facility live in record 14 months, semiconductor chemicals next Spending Rs 2,000 crore over three years to transform a chemicals business from a product-led intermediates manufacturer into a customer-centric specialty chemicals and CDMO platform is a significantContinue Reading
India’s IT Sector Has Rallied, But What Next?
Large caps stabilising, mid-tiers outperforming, AI deflation weighing on guidance across the globe The Indian IT sector has had a complicated year. Growth has been modest. Guidance cuts have arrived from Accenture, Infosys, Cognizant and others. And yet the stocks have rallied — supported by reasonable valuations, attractive dividend yieldsContinue Reading