Team MWP A niche manufacturer of engineered fabrics for defence, aerospace, and industrial applications hits the market with a Rs 650 crore pure offer-for-sale Kusumgar Ltd., a manufacturer of woven, coated, and laminated synthetic fabrics — referred to as engineered fabrics — opens for subscription on July 8 with the issue closing on July 10. The company … 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
A Gujarat-based indigenous manufacturer of catalysts, adsorbents, and ceramic balls plans to raise Rs 40.21 crore via the BSE SME platform. Devson Catalyst Ltd., an indigenous manufacturer of catalysts, adsorbents, and ceramic balls used as key materials in industrial processing, opens for subscription on July 9 with the issue closing on July 13. The company … Read more
A 1996-founded manufacturer of safety-critical forged and machined driveline components plans to raise Rs 23.75 crore via the NSE SME platform. Happy Steels Ltd., an integrated manufacturer of safety-critical forged and machined transmission and driveline components, opens for subscription on July 9 with the issue closing on July 13. The company is listing on the … Read more
Blinkit crossing EBITDA breakeven with 2,243 stores and counting, and a concert economy bet that could add USD 125 million to EBITDA by FY30 There is a version of the Eternal story that most investors know — a food delivery platform that fought a bruising competitive battle, survived, and emerged as one half of a … Read more
A Railways-focused electronic systems and equipment manufacturer plans to raise Rs 45.51 crore via the NSE SME platform. IC Electricals Co. Ltd., an engineering and manufacturing company specialising in electronic equipment for Indian Railways, opens for subscription on July 3 with the issue closing on July 7. The company is listing on the NSE … Read more
GenAI deflation is accelerating, West Asia is hitting revenues, guidance midpoints are out of reach — Kotak cuts fair values by up to 21% and tells investors to back challengers over incumbents The India IT sector has spent the last eighteen months navigating a slowdown that most analysts expected to be temporary. Kotak Institutional Equities’ … Read more
After years of “new fund equals new opportunity” marketing, Indian retail is showing signs of learning that novelty does not equal alpha. Between April and June, Indian mutual fund houses launched over forty new fund offers across categories ranging from sectoral thematic to index products, multi-asset schemes, and SIF strategies. On paper, the quarter looked … 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
An AI-driven cybersecurity SaaS company plans to raise Rs 37.67 crore via the BSE SME platform. Kratikal Tech Ltd., an AI-driven Software-as-a-Service cybersecurity company serving over 677 clients across India and internationally, opens for subscription on June 30 with the issue closing on July 2. The company is listing on the BSE SME platform. This … Read more