Bengaluru-based SaaS firm to open book on Jan 14; targets ₹7,810 crore valuation despite losses Amagi Media Labs Ltd., India’s largest cloud-native broadcast technology provider, is set to launch its initial public offering on Tuesday, seeking to raise up to ₹1,789 crore ($214 million) as it rides the wave of streaming media’s explosive growth. The … Read more
Leading brokerages recommend ‘subscribe’ on the IPO citing strong market position, attractive valuations, and India’s growing steel demand, though caution on seasonal production risks Leading brokerages have issued positive recommendations on the Bharat Coking Coal Limited (BCCL) initial public offering, citing the company’s dominant market position, strong operational performance, and attractive valuation metrics. HDFC Securities … Read more
Motilal Oswal initiates coverage with ‘BUY’ rating as India’s largest broker tries to prove it’s more than a derivatives play Motilal Oswal just put out its first report on Groww after the company’s recent listing, and the numbers are eye-catching: they expect revenue to double from Rs 40.6 billion in FY25 to nearly Rs 80 … Read more
Unofficial traders are making huge pre-listing bets as retail investors chase listing gains, but the unregulated ecosystem of GMP is far from foolproof Every evening in Mumbai and Ahmedabad’s mobile streets, a peculiar ritual unfolds. Men huddle over mobile phones, scribbling numbers on scraps of paper, trading shares that don’t officially exist yet. Welcome to … Read more
Scores of IPOs have been hitting the markets over the last quarter, and Elin Electronics Ltd, one of India’s leading electronics manufacturing service providers, is also looking at tapping the markets with its IPO towards the fag-end of the year. Elin Electronics manufacturing of end-to-end product solutions for major lighting brands, including fans and kitchen … Read more
Financialisation of savings and greater participation of individuals in the capital market is expanding the capital market ecosystem, and Kfin Technologies could be the beneficiary. Further, savings tools like SIPs are also gaining ground. This should bode well for KfinTech. “The share of financial assets as a proportion of net household savings is expected to … Read more
Aavas Financiers Ltd. (AFL) (incorporated as AU Housing Finance Pvt. Ltd.) is a retail, affordable housing finance company. BUSINESS The company primarily serving low and middle income self employed customers in semi-urban and rural areas in India. A majority of its customers have limited access to formal banking credit. According to an ICRA Report, the … Read more
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a shipbuilding company in India under the administrative control of the MoD (Ministry of Defense). BUSINESS The company primarily adheres to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. In addition to its ship and warship building capabilities, the company is engaged in … Read more
IRCON International Ltd. (IRCON) is an integrated Indian engineering and construction company, specializing in major infrastructure projects. BUSINESS The company constructs railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, EHV sub-stations, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. The company provides EPC services on a … Read more
CreditAccess Grameen Ltd. (CAGL) is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in rural areas in India. Business According to CRISIL Research, CAGL is the third largest NBFC-MFI in India in terms of gross loan portfolio as of March 31, 2017. The company’s wide range of … Read more