Kerala’s leading integrated amusement and theme park operator plans to raise Rs 82.43 crore via the BSE SME platform, with expansion into Jamshedpur and Lucknow. Silverstorm Parks & Resorts Ltd., an integrated amusement park, water park, snow park, and hospitality company, opens for subscription on July 24 with the issue closing on July 28. The … Read more
Business banking surging, rural loans accelerating on gold demand, asset quality pristine, margins resilient There are banks that report strong quarters. And then there are banks that report strong quarters while simultaneously telling you something important about the direction of the entire business. ICICI Bank’s Q1FY27 results did both. Advances grew 19.6% year-on-year — the … Read more
The global leader in woven Raffia machinery — supplying nearly 100 countries — hits the market with a Rs 1,102 crore pure offer-for-sale Lohia Corp Ltd., one of the leading global manufacturers of machinery and equipment for technical textiles, opens for subscription on July 23 with the issue closing on July 27. The company held … Read more
India’s largest privately listed road InvIT converts to a public trust with a Rs 5,000 crore offer-for-sale Cube Highways Trust, an infrastructure investment trust sponsored by Cube Highways and Infrastructure V Pte. Ltd., opens for subscription on July 22 with the issue closing on July 24. The trust is transitioning from a privately listed InvIT … Read more
A West Bengal-based cotton saree manufacturer and wholesaler plans to raise Rs 18.90 crore via the BSE SME platform under the “Mala Saree” brand. Shree Balaji (Mala) Textiles Ltd., a contract manufacturer and wholesaler of cotton sarees operating under the “Mala Saree” brand, opens for subscription on July 22 with the issue closing on July … Read more
A Gujarat-based closed die forging and precision machined components manufacturer plans to raise Rs 49.96 crore via the NSE SME platform. Metalic Technoforge Ltd., a manufacturer of closed die forged and precision machined components, opens for subscription on July 21 with the issue closing on July 23. The company is listing on the NSE SME … Read more
RoA back at 2.1%, NIM holding firm, ECL impact contained for Kotak Mahindra Bank Kotak Mahindra Bank’s Q1FY27 results were, by most measures, a strong quarter — an 8% PAT beat, return on assets crossing 2% again, stable margins and asset quality that held despite seasonal slippage pressure. But the conversation around Kotak right now … Read more
An Ahmedabad-based third-party inspection, auditing, and certification services company plans to raise Rs 18.19 crore via the BSE SME platform. Gulf Lloyds (India) Ltd., a provider of third-party inspection, auditing, certification, testing, and training services, opens for subscription on July 20 with the issue closing on July 22. The company is listing on the BSE … Read more
Consolidated EBITDA up 10.7%, Jio at record 53.3% margins, O2C firing on elevated fuel cracks, Jio DRHP filed Reliance Industries does not often surprise on the upside in a single quarter — the business is too large and too diversified for any one segment to dramatically move the needle. But Q1FY27 was a quarter where … Read more
Dolvi expansion coming, debt declining, this one is going places Steel companies are not supposed to beat EBITDA estimates by 13% in a quarter where volumes declined sequentially and raw material costs rose. JSW Steel managed it — and the mechanism behind the beat tells you something important about the quality of the business. Emkay … Read more