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ICICI Bank Shares Slip as ICICI Prudential AMC Files for Landmark ₹10,000 Crore IPO
Banking, Market News - July 10, 2025

ICICI Bank Shares Slip as ICICI Prudential AMC Files for Landmark ₹10,000 Crore IPO

ICICI Bank Shares Slip as ICICI Prudential AMC Files for Landmark ₹10,000 Crore IPO

ICICI Prudential Asset Management Company’s IPO filing triggers market reaction, as parent ICICI Bank eyes stake increase and Prudential plans a significant divestment in one of India’s largest asset management listings.

Introduction
The Indian financial sector is witnessing a major development as ICICI Prudential AMC, a joint venture between ICICI Bank and Prudential plc, prepares for a high-profile public debut. The asset manager’s IPO, expected to be among the largest in the sector, is set against a backdrop of robust financial performance and a rapidly growing investor base. However, the announcement has also impacted ICICI Bank’s stock, which saw a decline as investors digested the implications of the listing and the associated changes in shareholding.

The IPO Filing: Structure and Details
On July 8, 2025, ICICI Prudential AMC submitted its DRHP to SEBI, BSE, and NSE, marking the formal initiation of its initial public offering process. The IPO is structured solely as an offer for sale (OFS), through which Prudential Corporation Holdings plans to offload up to 10% of its stake in the AMC. This translates to approximately 1.76 crore shares on offer, with no fresh equity issue—meaning the entire proceeds will go to the selling shareholder, Prudential.
ICICI Bank, which presently owns a 51% stake, has revealed its intention to purchase an additional 2% from Prudential ahead of the IPO, pending regulatory approvals and final agreement on terms. This inter-se agreement is likely intended to strengthen ICICI Bank’s control over the asset management company (AMC) in preparation for its market debut.

Financial Performance and Market Position
ICICI Prudential AMC has shown robust financial performance in the run-up to its IPO. For the fiscal year ending March 31, 2025, the company reported a 32.4% jump in revenue from operations, reaching ₹4,977.3 crore, and a net profit of ₹2,650.66 crore. The AMC manages assets worth over ₹9.5 lakh crore and boasts a customer base of 14.6 million, making it the largest AMC in India by active mutual fund quarterly average assets under management.

Strategic Context: ICICI Bank and Prudential’s Moves
This IPO represents the ICICI Group’s fifth significant market debut, following earlier listings of ICICI Bank, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, and the previously listed ICICI Securities. With this move, ICICI Prudential AMC will also become the fifth asset management firm to list on Indian stock exchanges, joining peers such as HDFC AMC, UTI AMC, etc,.
Prudential’s decision to divest a 10% stake is seen as a strategic move to unlock value from its long-standing joint venture. The sale could yield a substantial return for the UK-based insurer, given its original acquisition cost for the stake was just ₹10 crore. For ICICI Bank, the planned 2% stake increase signals confidence in the AMC’s future prospects and a desire to strengthen its position as the controlling partner.

Market Reaction: ICICI Bank Shares Under Pressure
The announcement of the IPO and associated stake sale has led to a decline in ICICI Bank’s share price. Investors are assessing the near-term implications of the ownership reshuffle and the lack of new capital infusion into the AMC, given that the entire IPO proceeds will be directed to Prudential. Market participants are also assessing the broader implications for ICICI Bank’s consolidated earnings and strategic direction.

Industry Impact and Outlook
The public offering of ICICI Prudential AMC is anticipated to be a landmark event for India’s asset management sector. The listing will provide investors with another avenue to participate in the country’s growing mutual fund sector, which has seen rapid expansion in both assets and investor participation. The IPO is also likely to set benchmarks for future valuations in the industry.

Conclusion
ICICI Prudential AMC’s IPO filing represents a significant milestone for both the company and the broader financial sector. While the move has introduced some short-term volatility in ICICI Bank’s share price, it underscores the growing maturity and depth of India’s capital markets. As the IPO process unfolds, all eyes will be on the pricing, investor response, and the future trajectory of both ICICI Prudential AMC and its parent, ICICI Bank.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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MRF Shares Soar Above ₹1.5 Lakh, Reaching a 52-Week Peak!

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Paper Arizona Prepares for IPO in 2026 as Revenues Cross ₹100 Crore
IPO research, Market News, Markets - June 25, 2025

Omnitech Engineering Set to Raise ₹850 Crore Through IPO for Expansion Drive

Omnitech Engineering Set to Raise ₹850 Crore Through IPO for Expansion Drive

Engineering firm eyes capital boost through IPO to fuel capacity expansion, reduce debt load, and meet surging global demand for precision solutions.

Firm moves ahead with ₹850 crore IPO roadmap.

Gujarat-based Omnitech Engineering has taken a significant step toward going public by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company plans to raise approximately ₹850 crore through an initial public offering (IPO), as confirmed in its official statement dated June 24, 2025.

This strategic move is aimed at strengthening its financial foundation and scaling up operations to meet growing domestic and international demand. The offering will include both fresh equity shares and a stake sale by one of the promoters.

About Omnitech Engineering: A Precision-Driven Manufacturer

Omnitech Engineering operates as a technology-driven manufacturer, specializing in tailor-made mechanical systems, precision-engineered parts, and end-to-end industrial automation solutions. The firm caters to diverse sectors, including oil & gas, aerospace, automotive, and heavy industrial machinery.

With a strong global footprint, the company currently serves around 220 clients across 22 countries. Among its prominent customers are globally recognized names such as Halliburton Energy Services, Suzlon, Weatherford, Oilgear, Donaldson Company, PUSH Industries, Oshkosh Aerotech, and Bharat Aerospace Metals.

IPO Breakdown: Fresh Issue and Offer-for-Sale

According to the draft filing, the IPO will consist of two parts:

• New Equity Offering: Shares valued at ₹520 crore to be issued
• Offer-for-Sale (OFS): Existing shares valued at ₹330 crore, offloaded by promoter Udaykumar Arunkumar Parekh

Additionally, the company may explore a pre-IPO placement option of ₹104 crore. If this portion is successfully raised ahead of the IPO, the size of the fresh issue will be reduced accordingly.

Fund Utilization Strategy

Omnitech Engineering has laid out a clear plan for the proceeds from the IPO. The newly raised funds are intended to support the following purposes:

• Debt Reduction: A portion of the funds will go toward repaying existing borrowings to strengthen the balance sheet.
• New Manufacturing Units: Investments will be directed toward setting up two new state-of-the-art manufacturing facilities aimed at increasing capacity and product diversification.
• Capital Expenditure and Corporate Needs: Remaining funds will support general corporate purposes and other capital expenditures to drive operational efficiency.

Robust Financial Growth Backing the IPO

The company’s decision to go public is backed by its impressive financial performance in the recent fiscal year. As per data filed with SEBI:

• Net Profit: Soared 132% year-on-year to ₹43 crore in FY 2024–25, up from ₹19 crore in the previous year.
• Revenue: Witnessed a sharp 92% jump, reaching ₹349.71 crore compared to ₹181.95 crore in FY 2023–24.

This rapid growth signals a strong demand for its engineering solutions and validates its expansion ambitions.

Key Stakeholders and IPO Managers

The public issue is being managed by two prominent investment banks — Equirus Capital and ICICI Securities, who are serving as the book-running lead managers. Tasked with overseeing the offer’s registration, MUFG Intime India Pvt. Ltd.—earlier recognized as Link Intime India Pvt. Ltd.—has been officially designated for the role.
This team will be instrumental in facilitating a smooth public offering process and ensuring compliance with SEBI regulations.

Market Position and Strategic Outlook

With a rapidly expanding customer base and global clientele, Omnitech Engineering has positioned itself as a critical player in the precision manufacturing ecosystem. Its products and automation systems serve high-demand sectors that rely heavily on quality, precision, and reliability.

The planned IPO aligns with its broader strategy of leveraging capital markets to fuel innovation, scale operations, and strengthen international presence. The two new upcoming manufacturing units are expected to significantly boost production capacity and allow for a broader product range tailored to evolving industry needs.

Final Thoughts

Omnitech Engineering’s ₹850 crore IPO marks a pivotal chapter in its journey from a regional manufacturer to a global engineering solutions provider. With strong financials, an expanding global customer base, and clear capital deployment plans, the company is set to bolster its market footprint.

By focusing on debt reduction, production expansion, and strategic investments, Omnitech is charting a path toward long-term sustainable growth. As India’s industrial automation and manufacturing sectors gather momentum, the timing of this IPO positions the firm advantageously in a growing market landscape.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Central Banks Accelerate Shift to Gold, Euro, and Yuan as Dollar Dominance Fades

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Kalpataru Secures ₹708 Crore from Anchor Investors!
IPO research, Market News, Real Estate - June 24, 2025

Kalpataru Secures ₹708 Crore from Anchor Investors!

Kalpataru Secures ₹708 Crore from Anchor Investors!

GIC Singapore and Bain Capital are leading the anchor book, backed by nine key investors who are supporting Kalpataru’s growth journey.

Summary:
Real estate powerhouse Kalpataru has raised ₹708 crores from nine anchor investors ahead of its public offering, demonstrating strong confidence from institutional investors in its fundamental strengths and growth potential. Key participants in the anchor book include GIC of Singapore, Bain Capital’s GSS Opportunities Investment, and leading domestic mutual funds such as SBI MF and ICICI Prudential MF. This anchor round not only strengthens Kalpataru’s capital base but also sets a robust tone for its upcoming equity issuance.

In a significant boost to its capital-raising plans, Kalpataru Projects International Limited (KPIL) has secured a ₹708 crore investment from a cohort of nine high-profile anchor investors days before its proposed equity public issuance. The funding round was led by Singapore’s GIC, one of the most significant sovereign wealth funds globally, along with Bain Capital’s GSS Opportunities Investment. This demonstrates a significant level of confidence from institutions in Kalpataru’s core business strengths and anticipated growth.
The anchor book received more subscriptions than available shares, indicating strong interest from prominent investors, both from within the country and abroad. Other participants include SBI Mutual Fund, ICICI Prudential Mutual Fund, SBI General Insurance, Aditya Birla Sun Life Insurance, and 360 ONE WAM, showcasing a diverse mix of global and domestic investment institutions. The overwhelming response comes at a time when India’s real estate and infrastructure sectors are undergoing a structural transformation led by policy reforms, urbanization, and rising private and public investments.

Who Is Kalpataru Projects?
Kalpataru Projects International Ltd. is a part of the Kalpataru Group, a prominent name in India’s infrastructure, EPC (Engineering, Procurement & Construction), and real estate sectors. With a multi-decade presence, Kalpataru has executed large-scale infrastructure projects across power transmission, railways, oil & gas pipelines, and buildings in over 70 countries.
The company is known for its technical expertise, timely project delivery, and a diversified business model that spans core infrastructure and real estate development. In recent years, KPIL has pivoted towards expanding its international EPC footprint while maintaining strong performance in domestic real estate, primarily in metros and Tier-1 cities.

The Anchor Round: Strategic Importance
The ₹708 crore obtained through the anchor route is an essential step prior to Kalpataru’s forthcoming public offering, assisting in:
Set a benchmark valuation for the IPO
Establish early credibility and demand
Infuse fresh capital to deleverage the balance sheet and fund growth projects
Attract more retail and HNI participation when the public tranche opens
By engaging well-known anchor investors, Kalpataru not only boosts its brand image but also increases the likelihood of a successful listing with effective price discovery.

Why Investors Are Bullish
There are several reasons why both foreign and domestic institutional investors are lining up behind Kalpataru:
1. Robust Project Pipeline
Kalpataru has a diversified order book exceeding ₹35,000 crore, with significant visibility in power transmission and distribution, railways, and water infrastructure segments. This ensures revenue predictability and scalability.
2. Pan-India and Global Presence
Its operations span across 70+ countries, with an expanding footprint in Africa, the Middle East, and Southeast Asia, de-risking the company from over-reliance on the Indian market alone.
3. Sectoral Tailwinds
India’s infrastructure and housing sectors are witnessing a renaissance, supported by:
Government initiatives like PM Gati Shakti, Housing for All, and Smart Cities Mission
Increased budgetary allocations for capex-led growth
FDI inflows in construction and infrastructure
4. Strong Corporate Governance
Backed by a reputed promoter group, Kalpataru has maintained high governance standards, timely disclosures, and efficient capital allocation—attributes highly valued by institutional investors.
5. Deleveraging Strategy
A portion of the IPO and anchor fundraise proceeds will go toward reducing debt, thereby improving return ratios and lowering interest burden, making the stock more attractive in the long term.

Statements from Market Experts
Rohit Agrawal, Head of Institutional Research at a Mumbai-based brokerage firm, stated:
“Kalpataru is well-positioned to benefit from India’s infrastructure boom and increasing global EPC demand. The anchor investor participation validates its growth roadmap and financial stability.”
Shweta Mehta, Fund Manager at a large domestic mutual fund, added:
“The company’s diversified order book, global execution track record, and focus on clean energy transmission make it a compelling infrastructure play over the next decade.”

Implications for the IPO
With such strong backing from heavyweight institutions, Kalpataru’s IPO is expected to receive robust demand across investor categories. Anchor investment often sets the tone for the remainder of the subscription period, especially for Qualified Institutional Buyers (QIBs), High Net-Worth Individuals (HNIs), and retail investors looking for confidence signals in turbulent markets.
Additionally, it could lead to better pricing for the IPO, narrower discounting, and healthy listing gains post debut.

The Bigger Picture
Kalpataru’s successful anchor fundraise is not an isolated event but part of a broader trend of rising investor appetite in Indian infrastructure and real estate. As capital markets become more confident about India’s long-term policy continuity and capex-led growth, companies with solid fundamentals, like Kalpataru, are poised to benefit.
Moreover, this also reflects a maturing of India’s capital markets, where global investors are not just betting on startups but also backing real-sector players with tangible assets and predictable cash flows.

Conclusion
Kalpataru has successfully secured ₹708 crore from leading institutional investors in India and around the globe, positioning the company to embark on its next growth phase with enhanced strength. As its IPO nears, the backing from GIC, Bain Capital, SBI Mutual Fund, and others sends a strong message of confidence—not just in the company but also in the broader India growth story.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Avantel Soars 6% with ₹25 Crore DRDO Deal!

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FINO Payments Bank Eyes ₹100 Crore Profit in FY26 Amid Strong Digital Shift
Banking, Markets - June 23, 2025

Mutual Funds Now One-Third of Bank Deposits!

Mutual Funds Now One-Third of Bank Deposits!

The Indian mutual fund industry has amassed ₹72.2 trillion in assets under management (AUM), nearly one-third of total bank deposits, reflecting a notable shift in investor preferences and financial dynamics.

Summary:
India’s mutual fund industry has reached a new milestone, with assets under management (AUM) surging to ₹72.2 trillion as of May 2025—nearly one-third of the country’s total bank deposits, which stand at ₹232 trillion. This rapid growth highlights the evolving savings patterns of Indian households, driven by higher financial literacy, favorable market conditions, and a growing appetite for market-linked instruments over traditional savings products. Experts believe this trend signals a structural shift in the Indian economy, with far-reaching implications for capital markets, retail investors, and the banking sector.

India’s Mutual Fund Boom: A New Milestone
In a notable development that underscores the transformation of India’s financial landscape, the mutual fund industry achieved remarkable assets under management (AUM) of ₹72.2 trillion in May 2025, according to the latest data from the Association of Mutual Funds in India (AMFI). This marks the industry’s highest-ever AUM and now represents nearly one-third of the total bank deposits, which stood at ₹232 trillion during the same period.
This development signals a fundamental shift in the savings and investment patterns of Indian households, which have historically favored low-risk bank deposits and physical assets such as gold and real estate.

Retail Participation and SIP Culture Drive Growth
One of the most defining features of this growth is the exponential rise in retail participation. Systematic Investment Plans (SIPs) have emerged as the cornerstone of mutual fund inflows, with over ₹20,000 crore being invested monthly through SIPs. As of May 2025, the total SIP AUM crossed ₹10 trillion for the first time, driven by long-term retail investors consistently allocating small sums into equity and hybrid funds.
The number of mutual fund folios has also soared to over 18 crore, with most new investors coming from Tier-II and Tier-III cities, reflecting the success of digital outreach, fintech platforms, and investor education campaigns.

Why Are Investors Moving Away from Bank Deposits?
There are several reasons behind the migration of household savings from bank deposits to mutual funds:
Low interest rates on bank FDs: Traditional fixed deposits have offered real returns barely above inflation, especially after tax, making them unattractive for long-term wealth creation.
Higher returns from equity mutual funds: Over the past decade, equity mutual funds have delivered annualized returns of 10–14%, outperforming most fixed-income products.
Ease of investment through digital platforms: Fintech apps and mutual fund aggregators have simplified onboarding, KYC, and portfolio management, encouraging even novice investors to try mutual funds.
Tax efficiency: Mutual funds enjoy favorable tax treatment compared to bank FDs, particularly under capital gains rules.

Rise of Passive Funds and Debt Schemes
While equity funds continue to dominate headlines, there has been a parallel boom in passive investing and debt schemes. The Exchange Traded Fund (ETF) and index fund category now commands over ₹6 trillion in AUM, backed by government disinvestment programs, EPFO allocations, and rising retail interest.
Additionally, short-duration debt funds, liquid funds, and target maturity funds have attracted high-net-worth individuals (HNIs) and corporate treasuries seeking tax-efficient and flexible alternatives to fixed deposits.

The Institutional Push: Insurance, Pension, and EPFO
There has also been a rise in institutional involvement in mutual funds, especially from:
Life insurance companies allocating funds into debt and hybrid schemes.
Pension funds, including NPS and EPFO, increasing exposure to equity ETFs.
Corporate treasuries, deploying surplus funds into liquid and ultra-short duration funds for better yield management.
This institutional influx has added stability to inflows and diversified the investor base beyond retail.

Implications for Banks and Financial Markets
The surge in mutual fund AUM vis-à-vis bank deposits raises important macroeconomic and financial sector implications:
Liquidity Competition: Banks may face competition for household savings, especially if they fail to offer attractive deposit rates or innovative products.
Capital Market Deepening: A larger mutual fund industry facilitates long-term capital formation, enhances liquidity in equity and debt markets, and supports government borrowing programs.
Asset Diversification: Indian households are gradually becoming more diversified in their asset allocation, which reduces overall systemic risk and enhances financial resilience.
Policy Influence: With trillions of rupees under management, mutual funds are becoming a more influential voice in corporate governance, ESG adoption, and shareholder activism.

Risks to Watch: Market Volatility and Mis-selling
While the mutual fund industry is on a positive path, it also encounters significant challenges.
Market dependency: Since returns are market-linked, sharp corrections in equity or bond markets could cause panic redemptions, especially among first-time investors.
Regulatory scrutiny: SEBI has tightened disclosure norms to ensure transparency, but mis-selling and improper risk disclosures remain areas of concern.
Overvaluation risks: As retail money chases momentum stocks, fund managers face difficulty finding value picks without increasing portfolio risk.
Industry leaders are advocating for more investor education, robust risk assessment tools, and long-term investment orientation to sustain the industry’s credibility and resilience.

What Lies Ahead?
If current trends hold, experts project mutual fund AUM to cross ₹100 trillion by FY2027, possibly equaling half of India’s bank deposits. The lines between traditional banking and investment-led savings are increasingly blurring, giving rise to a more mature, digitally-enabled, and risk-aware financial ecosystem.
The real winner of this transformation is the Indian retail investor, who is now empowered with access to professionally managed portfolios, real-time transparency, and the potential for long-term wealth creation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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VA Tech Wabag Projects Strong 15-20% Revenue growth

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Avantel Soars 6% with ₹25 Crore DRDO Deal!
Market News - June 18, 2025

Tanla Platforms Soars 7.6% on ₹175 Crore Buyback!

Tanla Platforms Soars 7.6% on ₹175 Crore Buyback!

Shareholders rejoice as Tanla Platforms announces ₹875 per share buyback, signalling strong confidence in company fundamentals and long-term growth prospects.

Summary:
Tanla Platforms experienced a significant increase of 7.6% in its stock price, finishing at ₹707 following the Board’s approval of a ₹175 crore share buyback. This buyback will be carried out at ₹875 per share, which represents a notable 33% premium over the previous closing price and will involve the repurchase of 20 lakh equity shares on a proportional basis. The announcement has been viewed as a strong sign of confidence from the management and has reignited investor interest in the cloud communications firm.

Tanla Platforms Ltd., a top CPaaS (Communications Platform as a Service) provider in India, saw its shares jump more than 7.6% to ₹707 on the Bombay Stock Exchange (BSE) on Wednesday after the Board approved a buyback of ₹175 crore. This move comes as part of the company’s capital allocation strategy and reflects management’s confidence in the business’s underlying strength and future prospects.
The company plans to conduct the share buyback via a tender offer, intending to repurchase 20 lakh equity shares at ₹875 each. This price represents a 33% premium over the last closing price of ₹658 on June 17.

Buyback Details: What Investors Should Know
Tanla Platforms stated in its regulatory filing that the buyback will be executed on a proportionate basis among all eligible shareholders as of the record date, which will be notified shortly. The ₹875 per share buyback price represents not just a handsome return for investors but also reflects management’s belief that the company’s intrinsic value is significantly higher than current market valuations.
Here are the key highlights of the buyback:
Buyback Size: ₹175 crore
Buyback Price: ₹875 per equity share
Number of Shares to be Repurchased: 20 lakh
Mode of Buyback: Tender offer route
Buyback Premium: 33% over June 17’s closing price
Objective: Return excess cash to shareholders, improve capital efficiency
This move is likely to improve earnings per share (EPS) and return on equity (ROE) by reducing the outstanding share base, thereby enhancing long-term shareholder value.

Market Reaction: Bullish Momentum Takes Hold
The announcement was received with instant excitement in the market. Tanla’s stock opened at ₹672.15 and quickly gained momentum, touching an intraday high of ₹710.50 before closing at ₹707—up ₹50.05 (7.6%) over the previous close.
Trading volumes were significantly higher than average, with over 3 million shares exchanged on the BSE alone, indicating widespread investor participation and renewed confidence in the company’s prospects.
Experts think that the stock buyback, along with Tanla’s strong financial position and consistent profitability, positions it as an appealing mid-cap technology company in today’s market conditions.

Management Commentary: A Vote of Confidence
In an official statement, Uday Reddy, Founder and Chairman of Tanla Platforms, said:
“This buyback underscores our continued commitment to delivering value to our shareholders. Our strong cash flows and robust business fundamentals allow us to return capital while retaining the flexibility to pursue growth opportunities.”
Observers in the industry point out that Tanla has previously undertaken buyback initiatives. The company has previously used buybacks as a tool for capital optimization, and this consistent approach demonstrates sound corporate governance and shareholder-friendly policies.

Financials Behind the Move: Solid Fundamentals
Tanla Platforms has maintained a strong financial performance in recent quarters. For FY25, the company reported:
Revenue: ₹3,200 crore (YoY growth of 15%)
EBITDA: ₹785 crore (EBITDA margin at 24.5%)
Net Profit: ₹460 crore
Cash & Equivalents: ₹550 crore as of March 31, 2025
Debt: Nil, making the company debt-free
These figures highlight Tanla’s debt-free status, strong cash generation, and profitability, justifying the buyback initiative from both a strategic and financial perspective.
Moreover, the company continues to maintain a high return on capital employed (ROCE), signalling operational efficiency and disciplined capital management.

Sector Outlook: CPaaS Continues to Thrive
The global Communications Platform as a Service (CPaaS) market is projected to grow at a CAGR of over 25% in the next five years, driven by increased digital transformation across sectors like BFSI, retail, logistics, and healthcare. With the growing adoption of A2P messaging, cloud telephony, and WhatsApp-based communication, Tanla is well-positioned to benefit from this growth wave.
Tanla’s collaborations with Microsoft Azure, the WhatsApp Business API, and local telecom operators such as Airtel and Vodafone Idea enhance its status as a leading force in India and position it as a rising competitor on the global stage.

Analysts’ Take: A Stock to Watch
Brokerages have reacted positively to the buyback news. Numerous analysts have raised their target price or reaffirmed their “Buy” rating for the stock.
Motilal Oswal, in a note, mentioned:
“Tanla’s capital return program is value accretive. Given its high cash position and consistent margin profile, we expect the stock to rerate over the coming quarters.”
ICICI Direct observed:
“The buyback reflects prudent capital allocation. Investors should view this as a long-term positive development.”

What Should Investors Do?
For existing shareholders, the buyback presents an opportunity to exit partially at a premium. For long-term investors, it is a reaffirmation of the company’s financial discipline and growth trajectory.
Potential investors might consider entering on dips or post-buyback once volatility settles. However, with robust fundamentals, clean governance, and favourable industry tailwinds, Tanla Platforms remains a compelling digital communications stock.

Conclusion
Tanla Platforms’ latest ₹175 crore buyback not only rewards shareholders but also highlights the company’s financial stability and optimistic outlook. By offering a 33% premium through a transparent and proportionate mechanism, the Board has reinforced its commitment to maximizing shareholder value while staying growth-ready.
As digital communications become more essential across industries, Tanla’s strategic moves like these will keep it on the radar of both retail and institutional investors.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Axiscades Soars with Indra Sistemas Partnership!

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Raymond Realty to Make Its Debut on Stock Exchanges After Demerger in Q2
Market News - June 13, 2025

Raymond Realty to Make Its Debut on Stock Exchanges After Demerger in Q2

Raymond Realty to Make Its Debut on Stock Exchanges After Demerger in Q2

Raymond Realty Prepares for Independent Listing

Raymond Realty, a key player in the Indian real estate sector, is preparing for its debut on the Indian stock markets after splitting from its parent organization, Raymond Ltd.

The Process of the Demerger

A demerger refers to the division of a company into two or more separate entities, usually aimed at maximizing value for shareholders. The board has given its approval, and this strategic decision is expected to generate significant value for investors.

Raymond Ltd’s real estate division, Raymond Realty, has garnered attention in recent years with its significant residential and commercial projects in Mumbai and other locations across India. By listing separately, Raymond Realty aims to raise capital, increase operational efficiency, and offer investors a more focused investment opportunity.

Why This Listing is Significant

The separate listing of Raymond Realty holds substantial significance for multiple reasons.

1Maximizing Shareholder Value

Demergers typically help businesses unlock their true potential. By becoming an independent entity, Raymond Realty can be valued on its own merits, which could lead to an improved market valuation.

Focused Growth Strategy

As a standalone company, Raymond Realty can concentrate solely on real estate development, one of India’s fastest-growing industries. With a robust pipeline of residential complexes, mixed-use developments, and commercial projects, the company is well-positioned for growth.

Better Access to Capital Markets

The listing will grant Raymond Realty direct access to public funding, allowing it to raise the necessary capital for future expansion.

Investor Trust

Investors will now have the opportunity to invest directly in Raymond Realty, a real estate-centric firm with a long-standing reputation and market presence. This shift is expected to bolster investor confidence and draw both retail and institutional capital.

What to Expect After the Listing

Experts anticipate some market volatility initially, but long-term prospects for Raymond Realty look promising due to its established brand, premium real estate holdings, and plans for further expansion.

Although there may be short-term market fluctuations following the demerger, analysts predict that Raymond Realty will thrive in the long run due to the growth of the Indian real estate sector and its strong foundational projects.

Conclusion: A Strategic Milestone

Raymond Realty’s demerger and forthcoming stock market listing represent a major turning point for the company. By spinning off its real estate business into an independent entity, Raymond Realty is positioned to leverage the growing Indian real estate market and offer increased value to its shareholders. With the Q2 listing on the horizon, this development will surely attract attention from investors and market participants alike.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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FIIs Exit Indian Markets Amid Global Jitters; DIIs Absorb Selling Pressure

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Stock Jumps as KP Green Engineering Bags ₹52.31 Crore Orders Across Five Divisions
Market News - June 7, 2025

NSDL Unlisted Shares Skyrocket 50% as Investors Eye Upcoming IPO

NSDL Unlisted Shares Skyrocket 50% as Investors Eye Upcoming IPO

Over the last two months, the price of National Securities Depository Limited (NSDL) unlisted shares has surged dramatically by around 50%. This sharp rise comes amid growing excitement and speculation about the company’s forthcoming Initial Public Offering (IPO), which many investors are eagerly anticipating.

What’s Fueling the Momentum?

A key driver behind this upward trend is the issuance of a new International Securities Identification Number (ISIN) for NSDL’s unlisted shares. This development has made it far easier for shareholders to transfer and trade their holdings, boosting liquidity in a segment that was traditionally less accessible.

Thanks to these improvements, more retail investors have jumped into the market, pushing the price up from about ₹800-850 in early April to nearly ₹1,225 today. This growing demand reflects confidence in NSDL’s future prospects once it officially lists on the stock exchange.

NSDL’s Position in the Market

NSDL operates as one of India’s two main securities depositories, alongside Central Depository Services Ltd (CDSL). While CDSL has a larger number of demat accounts, NSDL commands a higher volume of assets under custody, highlighting its vital role in the country’s financial ecosystem.

Market watchers note that NSDL’s dominant position and consistent financial performance make it an attractive candidate for investors. However, some advise caution as current valuations may have already priced in optimistic expectations related to the IPO.

Financial Health at a Glance

Looking at recent financial results, NSDL posted ₹1,420 crore in revenue for the fiscal year ending March 31, 2025, marking a 12% increase from the previous year. The company’s net profit rose impressively by nearly 25% to ₹343 crore, supported by a 30% jump in EBITDA, showcasing improved operational efficiencies.

These figures underscore the company’s solid fundamentals as it prepares to transition to a public entity.

Details on the Upcoming IPO

The IPO will be conducted via an Offer for Sale, meaning existing shareholders will sell a portion of their stakes instead of new shares being issued. Major shareholders planning to sell include IDBI Bank, National Stock Exchange (NSE), and Union Bank of India.

Specifically, IDBI Bank is expected to divest over 22 million shares, NSE around 18 million, and Union Bank more than 50 million. Other significant sellers include HDFC Bank, State Bank of India (SBI), and MUFG Intime India.

Leading investment banks such as ICICI Securities, Axis Capital, and Motilal Oswal are managing the IPO process, with MUFG Intime India appointed as registrar.

What Lies Ahead for Investors?

As the IPO date approaches, enthusiasm around NSDL’s unlisted shares is likely to sustain momentum. Nevertheless, the ultimate success of the offering will depend on critical factors such as pricing, market conditions, and investor appetite.

While NSDL’s market position and financial strength provide a promising outlook, potential investors should keep in mind the inherent risks involved with IPOs and market volatility.

Summing Up

The notable 50% surge in NSDL’s unlisted shares reflects mounting investor optimism ahead of the company’s public listing. With the Indian capital markets evolving and broadening, NSDL’s IPO could mark a significant milestone, drawing interest from a wide spectrum of investors.

 

 

 

 

 

 

 

 

 

 

 

 

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RBI Lowers CPI Inflation Forecast to 3.7% for FY26 Amid Stable Price Outlook

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Corporate Bond Issuances Set to Hit ₹11 Trillion in FY26 Amid Falling Rates and Delayed Bank Transmission
business update, Market News - June 4, 2025

Vedanta Floats ₹4,100 Crore Bond Issue to Boost Liquidity**

Vedanta Floats ₹4,100 Crore Bond Issue to Boost Liquidity**

Move Aims to Refinance Debt and Support Operational Needs

In a strategic push to improve its financial structure and maintain business continuity, *Vedanta Limited* has rolled out a plan to raise ₹4,100 crore through the issuance of *non-convertible debentures (NCDs)*. This latest initiative comes as the company seeks to address debt obligations while ensuring sufficient capital is available to meet operational and investment goals.

Objective Behind the Fundraising

The primary purpose of this bond issuance is to *refinance Vedanta’s existing liabilities, free up cash flow, and help meet working capital requirements. This infusion of funds is also expected to assist in **supporting infrastructure upgrades and future project development*.

With this move, Vedanta aims to rebalance its financial obligations while continuing to invest in core business segments like *metals, mining, oil, and natural resources*.

Structure of the Bond Offer

These instruments are structured to offer *fixed returns* and will not be converted into equity. The interest rate being offered is reported to be competitive, making the issuance attractive to investors seeking stable income.

This round of funding highlights the company’s reliance on *debt markets* to meet near-term financing needs without diluting ownership through equity.

Why This Move Matters

Vedanta’s decision to tap the bond market reflects its intent to *streamline its capital structure*, reduce borrowing costs, and enhance liquidity. In recent years, the group has faced a mix of funding needs due to both global economic pressures and the capital-intensive nature of its business.

Launching this bond issue enables Vedanta to access cost-effective funding while avoiding overreliance on short-term borrowings. It also sends a positive signal to creditors and stakeholders about the company’s proactive financial planning.

Investor Sentiment and Market Outlook

The bond offering has attracted early interest from institutional investors, which indicates *confidence in Vedanta’s creditworthiness and growth prospects*. Given the company’s diverse portfolio and longstanding presence in core industrial sectors, the move is seen as a calculated and strategic financial step.

With commodity markets showing resilience and global demand picking up, Vedanta is positioning itself to *capitalize on growth opportunities* while keeping its debt profile manageable.

Looking Forward

Vedanta’s ₹4,100 crore bond issuance could pave the way for *future market transactions*, especially if market conditions remain favorable and investor interest sustains. The success of this offering will not only help in short-term liquidity but may also serve as a template for upcoming financial strategies.

The company has reiterated its focus on responsible fiscal management while pushing forward with *expansion, modernization, and sustainability efforts* across its businesses.

Summary

The funds will be used to strengthen the company’s financial base, support daily operations, and back new developments. This strategic move signals confidence in the company’s roadmap and long-term goals, while also providing investors with a solid fixed-income opportunity.

 

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Tata Electronics Sets Sights on Malaysia for Chip Fab Acquisition

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HDB Financial Services Gets Regulatory Nod for ₹12,500 Crore IPO
Market News - June 4, 2025

HDB Financial Services Gets Regulatory Nod for ₹12,500 Crore IPO

HDB Financial Services Gets Regulatory Nod for ₹12,500 Crore IPO

HDFC Bank’s NBFC arm gears up for one of India’s largest IPOs, following SEBI’s green light and RBI’s listing mandate for top-tier non-banking finance companies.

Introduction

India’s capital markets are set for a major event as HDB Financial Services, the retail-focused NBFC arm of HDFC Bank, prepares to launch its much-anticipated ₹12,500 crore IPO. The move comes after SEBI granted its formal approval in late May 2025, paving the way for one of the largest public offerings by a non-banking lender in the country’s history. This IPO is not just a capital-raising exercise but also a regulatory milestone, as it fulfills the Reserve Bank of India’s (RBI) requirement for large NBFCs to list by September 2025.

IPO Structure and Details

HDB Financial Services plans to raise ₹12,500 crore through its IPO, including a ₹2,500 crore fresh share issuance and a ₹10,000 crore offer for sale by HDFC Bank, which currently holds a 94.36% ownership in the subsidiary. The proceeds from the fresh issue will be utilized to bolster the company’s Tier-I capital, aiding future lending activities and growth plans.
Key facts:
• Fresh Issue: ₹2,500 crore
• Offer for Sale: HDFC Bank selling shares worth ₹10,000 crore
• Parent Stake Pre-IPO: 94.36%
• IPO Size: Biggest IPO by a non-banking financial company (NBFC) in India; ranks fifth among all Indian IPOs.
• Listing Mandate: In accordance with the Reserve Bank of India’s directive for upper-tier NBFCs to go public.

Regulatory and Market Context

SEBI’s approval came as part of a batch of six IPO clearances, including companies from sectors such as solar energy and specialty chemicals. For HDB Financial, the timing is crucial: the RBI’s October 2022 guidelines require all “upper-layer” NBFCs—those with significant size and systemic importance—to be listed on stock exchanges by September 2025. This regulatory push aims to enhance transparency, governance, and market discipline among large non-banking lenders.
The IPO also marks the first public float from the HDFC group since its last listing seven years ago, underscoring the significance of this event for both the group and the broader financial sector.

Company Profile and Growth

Established in 2007, HDB Financial Services has expanded to become one of India’s leading NBFCs, operating through a network of more than 1,680 branches across the country. The company offers a mix of secured and unsecured loans, catering to retail and small business customers. As of March 2025, HDB Financial reported a loan book of ₹1.07 trillion and a net worth of approximately ₹13,300 crore.
In the most recent financial quarter, the company posted a profit of ₹5.5 billion and net revenue of ₹26.2 billion, reflecting robust operational performance and a strong foundation for future growth.

Implications for HDFC Bank and Investors

For HDFC Bank, this IPO represents a calculated move to unlock the value of its NBFC arm while meeting regulatory mandates. By selling a portion of its stake through the offer for sale, the bank can boost its capital position and concentrate more on its primary banking activities.
From an investor’s perspective, the HDB Financial IPO provides an opportunity to invest in a prominent NBFC with a broad national presence, solid backing from its parent company, and a consistent growth history. The listing will also enhance transparency and governance, as the company becomes subject to public market scrutiny and disclosure norms.

Industry and Peer Comparison

The IPO landscape for NBFCs has been relatively quiet in recent years, making HDB Financial’s public issue a landmark event. Its size—both in terms of capital raised and loan book—places it among the top-tier NBFCs in India, rivaling other listed entities in the sector. The company’s diversified loan portfolio, extensive branch network, and focus on retail lending position it well to benefit from India’s ongoing economic growth and rising consumer credit demand.

What’s Next?

With SEBI’s approval in hand, HDB Financial Services is expected to proceed with the IPO launch in the coming months. The company will finalize its offer price, engage with institutional and retail investors, and complete the listing process on the BSE and NSE. The fresh capital will be deployed to support lending growth, enhance technology infrastructure, and meet evolving regulatory requirements.

Conclusion

The SEBI nod for HDB Financial Services’ ₹12,500 crore IPO sets the stage for a transformative chapter in the company’s journey and the Indian NBFC sector at large. By combining regulatory compliance, capital infusion, and enhanced market visibility, the IPO is poised to create value for HDFC Bank, HDB Financial, and a new generation of public investors. As the financial services landscape continues to evolve, this listing will be closely watched as a bellwether for future NBFC public offerings.

 

 

 

 

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Warburg Pincus Secures CCI Green Light for Major Stake in IDFC First Bank

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IFL Enterprises Surges With 13x Revenue
Equities - June 3, 2025

IFL Enterprises Surges With 13x Revenue

IFL Enterprises Surges With 13x Revenue

From Microcap Struggles to Market Momentum: A Stellar Revival in Agri-Trading

Once a low-profile player in the stock market, IFL Enterprises Ltd., headquartered in Gujarat and engaged in agricultural commodity trading, has taken a dramatic turn in its fortunes during FY25. The company’s recent performance has not only stunned investors but also positioned it as one of the most talked-about turnaround stories in the small-cap segment.

Massive Leap in Earnings and Sales

In the quarter ending March 2025, IFL Enterprises reported a consolidated profit of ₹3.04 crore, reversing a year-ago loss of ₹67.87 lakh for the same quarter. Quarterly revenue climbed sharply, clocking in at ₹72.13 crore compared to just ₹1.98 crore in Q4 FY24—a leap that signals strong operational growth.

The full-year results further reinforced the recovery narrative. For FY25, the company’s total revenue touched ₹120.60 crore—a whopping 13-fold rise from ₹8.24 crore reported the year before. Net profits also surged impressively to ₹2.99 crore, representing a 254% jump from ₹84.5 lakh in FY24.

Strategic Expansion and Capital Backing Drive Growth

This dramatic turnaround stems from a combination of strategic decisions and successful fundraising. In June 2024, IFL raised ₹49.53 crore via a rights issue intended to support its working capital needs and broader business initiatives. The offering attracted strong interest, getting subscribed 1.21 times, which indicated robust investor faith in the company’s growth path.

At the same time, IFL widened its product range beyond basic agri-commodities. The firm ventured into trading high-demand items like fruits, vegetables, seeds, herbal products, and organically grown goods—broadening its market base and revenue channels. This diversification played a crucial role in fueling the company’s massive revenue growth.

Market Reacts With Strong Optimism

The financial revival sparked an enthusiastic response in the stock market. Trading volume spiked to its highest level since July 2024, rising more than seven times the usual levels. The share price also climbed over 41% during May alone, reflecting a major shift in market sentiment.

Improved Financial Discipline and Operational Efficiency

In addition to top-line growth, IFL sharpened its internal processes to improve financial efficiency. Debtor collection periods also improved, shrinking from 146 days to a far more efficient 15.8 days. These figures underscore how IFL is not just growing—it’s doing so in a more disciplined and sustainable manner.

Conclusion: A Penny Stock No More

The impressive turnaround story of IFL Enterprises showcases how targeted expansion, sound financial planning, and operational excellence can change a company’s destiny. From battling losses and low revenues just a year ago, the firm now enjoys strong profitability and investor backing. With its stock gaining traction and business fundamentals on the upswing, IFL Enterprises is no longer just another penny stock—it’s a compelling story of revival in the agri-trade space.

Summary:
In FY25, IFL Enterprises saw a 13x jump in revenue to ₹120.60 crore and a sharp rise in profit to ₹2.99 crore. Strategic diversification, a well-received rights issue, and operational improvements drove this revival. With shares hitting the upper circuit and volumes at record highs, IFL has transitioned from a struggling microcap to a high-potential performer in the agricultural trading sector.

 

 

 

 

 

 

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Tata Motors Faces 9% Sales Dip in May 2025: What’s Behind the Decline?

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