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LG Electronics’ India unit IPO: valuation, strategy and sector implications
IPO research, Markets - August 28, 2025

IPO Watch: Vikran Engineering, Anlon Healthcare GMPs Signal Strong Gains

IPO Watch: Vikran Engineering, Anlon Healthcare GMPs Signal Strong Gains

An In-Depth Analysis of Grey Market Sentiment and Subscription Trends for Two Highly Anticipated IPOs in August 2025

Introduction
The Indian IPO market has been abuzz with activity in August 2025, with Vikran Engineering and Anlon Healthcare emerging as key offerings capturing investor interest. As these IPOs progressed through their subscription windows, the grey market premiums (GMPs) associated with them have become a key indicator for potential listing gains. This article delves into the details of the GMPs, subscription data, and key highlights for both IPOs, providing investors with insights to navigate the upcoming listings slated for early September.

Vikran Engineering IPO: Market Sentiment and Subscription
Vikran Engineering, a prominent player in the Engineering, Procurement, and Construction (EPC) sector, launched its IPO with a price band set between ₹92 and ₹97 per share, aiming to raise approximately ₹772 crore. The IPO includes a fresh issue worth ₹721 crore and an offer-for-sale of ₹51 crore by promoters.

Grey Market Premium (GMP) Trends
The grey market premium for Vikran Engineering’s IPO showcases robust investor enthusiasm. As of August 27-28, 2025, GMP hovered around ₹10-₹13 per share, which translates to an approximate 10-13% premium over the upper price band of ₹97. This suggests the IPO could list around ₹107-₹110 per share, indicating solid listing gains for investors seeking short-term profits.
Earlier in August, Vikran’s GMP peaked at ₹25 per share, underscoring the volatility and shifting investor expectations in the grey market. However, the trend stabilized closer to ₹10-₹13 as the subscription window progressed.

Subscription Status
On Day 2 of bidding, Vikran Engineering’s IPO was subscribed approximately 2.5 to 4 times overall, depending on the data source. Non-Institutional Investors (NIIs) led the charge with subscriptions soaring over 6-8 times, retail investors contributed about 4 times, and Qualified Institutional Buyers (QIBs) lagged slightly with around 60-70% subscription levels.
The subscription momentum positions Vikran Engineering favorably as it closes its bid window on August 29, 2025, with allotment finalization slated for September 1 and listings planned for September 3 on NSE and BSE.

Anlon Healthcare IPO: Comparative Grey Market Outlook
While Vikran Engineering’s IPO garnered significant GMP attention, Anlon Healthcare also attracted market participation, though with relatively lower grey market premiums and subdued subscription activity in comparison.
Most recent data point towards Anlon Healthcare’s GMP hovering below ₹5-₹7, signaling modest listing gains versus Vikran Engineering’s stronger premium range. This difference can be attributed to Vikran Engineering’s sector mix, stronger investor confidence, and the EPC sector’s growth prospects compared to Anlon Healthcare’s business profile.

What Does GMP Indicate for Investors?
The grey market premium serves as an informal gauge of an IPO’s demand and expected listing performance. A higher GMP usually indicates strong demand for the shares and the likelihood of listing above the issue price, translating into immediate profits for investors.
For Vikran Engineering, the GMP around 10-13% signals attractive potential gains, bolstered by:
• Strong fundamentals and steady growth in the EPC sector.
• ₹916 crore FY25 revenue base with improving profitability.
• Diversified business footprint spanning power, water, and railway infrastructure.
For Anlon Healthcare, the GMP’s relatively modest range suggests a more cautious investor approach, potentially offering steadier returns with lower listing price volatility.

Key Dates and Technical Details
Investors should note the following key dates for both IPOs:
• Closing Date: August 29, 2025
• Allotment Date: September 1, 2025
• Refunds and Credit to Demat: September 2, 2025
• Listing Date: September 3, 2025
The minimum investment for retail investors varies depending on the lot size, with Vikran Engineering requiring a minimum bid of 148 shares (~₹14,356 at upper price band).

Risk Factors and Market Volatility
While GMPs provide useful guidance, they are unofficial and can fluctuate with changing market sentiments and news. IPO investors should consider factors such as sector dynamics, financial health, management quality, and market conditions before placing bids.
Since the grey market is unregulated, its prices don’t always mirror actual listing outcomes. Prudent investors view GMP as one of several tools to gauge IPO interest but rely on detailed fundamental analysis for investment decisions.

Conclusion
Vikran Engineering’s IPO stands out as a potentially rewarding investment opportunity with a grey market premium signaling listing gains between 10% and 13%. Its robust subscription numbers underscore strong investor appetite. Anlon Healthcare’s IPO, though promising, is witnessing more moderate investor sentiment as reflected in its lower GMPs.
As both IPOs prepare for listing in early September, investors are advised to weigh the grey market signals alongside comprehensive company fundamentals and broader market trends to make well-informed choices.

 

 

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Gold and Silver Aim for Key Resistance Zones
Market News - June 17, 2025

Gold and Silver Aim for Key Resistance Zones

Gold and Silver Aim for Key Resistance Zones

Precious metals continue upward momentum as gold eyes \$3,500 and silver nears \$36.52, supported by global uncertainty and investor hedging.

Gold and silver are continuing their bullish trends, with both metals now approaching major resistance thresholds. In recent trading sessions, *gold (XAU/USD)* surged past \$3,400 per ounce, setting its sights on the *\$3,500 level, while **silver (XAG/USD)* steadily climbed to test the *\$36.52 mark*—a price area considered pivotal by many technical analysts.

Gold Nears Psychological Resistance at \$3,500

Gold’s strong rally in 2025 has been largely underpinned by mounting geopolitical risks—particularly the intensifying conflict in the Middle East—as well as a weakening U.S. dollar. This combination of factors has renewed interest in gold as a traditional safe-haven asset. With current prices closing in on the *\$3,500 resistance zone*, investors are watching for a decisive breakout.

Should gold pierce above this level, some experts predict a potential climb towards *\$3,600* or higher before year-end. This outlook assumes that the U.S. Federal Reserve maintains a dovish policy stance and global tensions persist.

However, there is growing speculation that gold may be approaching overbought territory. A rebound in investor confidence, or reduced geopolitical friction, could dampen the rally and trigger a *price correction*. Some market watchers also caution that if global inflation eases and risk appetite improves, gold could face headwinds in sustaining further upside momentum.

Silver Poised to Challenge Multi-Year High

Silver is also exhibiting impressive strength, currently trading around *\$36* and approaching a critical ceiling at *\$36.52*, a level not seen in years. This resistance point is seen as a potential pivot—either confirming the ongoing bullish trend or halting it temporarily.

If silver convincingly breaks above *\$36.52, it may advance further toward \$37.50 and possibly *\$41.36*, driven by a mix of speculative buying and strong industrial demand. Analysts highlight that silver, apart from being a precious metal, is also essential to industries like electronics and solar panel manufacturing—both of which are experiencing expansion.

Still, a failure to hold above resistance could trigger a pullback. In such a scenario, key price supports lie at *\$35.00, followed by **\$34.00* and *\$33.50*. A sustained drop below these levels might indicate a shift toward a more bearish short-term trend.

What’s Driving the Momentum?

Several macroeconomic and geopolitical elements are contributing to the strength of both gold and silver:

* *Geopolitical Risk:* Ongoing instability in the Middle East and other global flashpoints continues to drive safe-haven flows into precious metals.

* *Interest Rate Expectations:* Anticipation of potential rate cuts by the U.S. Federal Reserve—owing to slow inflation and softer growth—makes gold and silver more attractive compared to interest-bearing assets.

* *Currency Weakness:* A depreciating U.S. dollar boosts demand for dollar-denominated assets like gold and silver, particularly from foreign investors.

Conclusion

Both *gold and silver* are testing critical resistance levels—\$3,500** and *\$36.52*, respectively. While fundamentals remain supportive for the metals, a mix of technical, political, and economic variables will determine if these barriers are broken or if markets pause for a correction. Investors should remain alert to shifting dynamics in global finance, monetary policy, and international affairs to gauge the next phase of movement.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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ArisInfra Solutions to Launch ₹500 Crore IPO: Market Buzz Suggests Impressive Debut

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Bajaj Finance Stock Split and Bonus Shares: Turning 10 Shares into 100
Market News - June 16, 2025

Bajaj Finance Stock Split and Bonus Shares: Turning 10 Shares into 100

Bajaj Finance Stock Split and Bonus Shares: Turning 10 Shares into 100

In-depth Look at How Bajaj Finance’s Corporate Actions Will Multiply Your Holdings

Bajaj Finance Ltd., one of India’s leading non-banking financial companies (NBFCs), recently announced two major corporate actions — a stock split in the ratio of 1:2 and a bonus share issuance at 4:1. These measures are expected to significantly increase the number of shares held by existing investors, making the stock more affordable and liquid. For shareholders wondering how their current holdings will be affected, here’s a comprehensive breakdown of what these corporate maneuvers mean and how 10 shares can multiply into 100.

Stock Split?

This does not change the total investment value but results in shareholders owning more shares at a lower price per share. The main goal is to make the stock more affordable and attractive, especially to smaller investors, by lowering the share price while maintaining the overall value of their holdings.

This move doesn’t change the intrinsic value of your investment but makes the stock price more accessible to retail investors by lowering the per-share price. For example, if Bajaj Finance’s shares were trading at ₹5,000 before the split, post-split, the price would roughly adjust to ₹2,500, while the total value of your investment stays unchanged.

How These Actions Affect Your Holdings

Let’s consider an investor holding 10 shares of Bajaj Finance before these changes:

1. *Bonus Shares:*
With the 4:1 bonus issue, the investor will receive 40 additional shares, bringing their total shares to 50.

2. *Stock Split:*
After receiving the bonus shares, the stock split of 1:2 will double the total shares from 50 to 100, with the face value per share halved.

So, effectively, an investor who initially owned 10 shares will end up holding 100 shares post these corporate actions.

Why Is Bajaj Finance Doing This?

Such corporate actions are usually aimed at increasing the liquidity of the stock by reducing the per-share price, making it more affordable for a wider pool of investors, especially retail participants. By increasing the number of shares in circulation, the company can also improve trading volumes, which is often viewed positively by the market.

Moreover, the bonus issue reflects the company’s confidence in its earnings and future growth, rewarding loyal shareholders with additional equity. These steps are part of Bajaj Finance’s broader strategy to enhance shareholder value and improve market participation.

Important Dates and Implementation

The company set June 16, 2025, as the record date, meaning all shareholders on the company’s books as of this date will be eligible to receive bonus shares and benefit from the stock split. The corporate actions are expected to be completed by June 27, 2025.

What Investors Should Keep in Mind

Investors should also note that these moves might lead to increased liquidity and potentially attract more buyers, which can have a positive impact on share price over time. However, fundamental factors such as company performance, market conditions, and economic trends will continue to influence the stock’s long-term value.

Conclusion

Bajaj Finance’s announcement of a 1:2 stock split coupled with a 4:1 bonus share issue is a strategic initiative to make its shares more accessible and boost liquidity in the market. Shareholders will see their holdings multiply tenfold — turning 10 shares into 100 — without any immediate change in the overall investment value.

These corporate actions are a positive signal of Bajaj Finance’s confidence in its growth trajectory and commitment to rewarding shareholders. For existing and potential investors, this is a development worth noting as it can facilitate easier trading and greater market participation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Cochin Shipyard Sees Share Price Uptick as Defense Sector Gains Strength
Equities - June 6, 2025

Cochin Shipyard Sees Share Price Uptick as Defense Sector Gains Strength

Cochin Shipyard Sees Share Price Uptick as Defense Sector Gains Strength

Cochin Shipyard Limited (CSL), a key player in India’s shipbuilding industry, has recently experienced a significant boost in its share price. This rise coincides with a broader positive trend in defense stocks, fueled by government policies and an increased focus on national security and indigenous manufacturing.

A Key Contributor to India’s Maritime Strength

Since its foundation in 1972, Cochin Shipyard has become a major force in India’s shipbuilding and repair industry. The company plays a vital role in constructing a wide array of vessels, including naval ships, submarines, and commercial crafts. Notably, CSL is the only public sector shipyard in the country with the capability to build sophisticated warships, underscoring its strategic importance to the Indian defense ecosystem.

Rising Investor Interest

Lately, Cochin Shipyard’s stock has experienced significant gains, signaling increased enthusiasm among investors. This surge in stock value comes amidst increasing defense spending and the government’s push for self-reliance in defense production. Rising geopolitical challenges in the Indo-Pacific region have further emphasized the need for a robust naval fleet, encouraging investments in companies engaged in maritime defense manufacturing.

Government Policies Bolster Growth

India’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives have been critical in driving growth for companies like Cochin Shipyard. The government’s increased defense budget allocation, particularly towards naval modernization, has opened new opportunities for domestic shipbuilders. These policies aim to reduce dependence on imports, encourage local manufacturing, and develop advanced defense technologies within the country.

Order Pipeline and Capacity Expansion

Cochin Shipyard currently holds an extensive order book, including several contracts for building warships and submarines. These projects are expected to provide consistent revenue streams over the coming years. The company is also investing in upgrading its facilities and expanding production capacity to meet the growing demand.

Timely execution of these projects remains crucial for maintaining positive investor sentiment. Effective management of technical challenges and adherence to delivery schedules will be important in sustaining financial performance.

Geopolitical Environment and Market Dynamics

The geopolitical landscape, especially tensions in the Indo-Pacific region, has underscored the importance of strengthening naval capabilities. This has led to increased government spending on naval infrastructure, directly benefiting shipbuilding firms. As a result, defense stocks like Cochin Shipyard have gained increased interest from investors as attractive opportunities.

The defense sector’s relatively stable nature, backed by government contracts and strategic importance, makes it an attractive avenue for investors seeking long-term growth with moderate risk exposure.

Financial Health and Prospects

Over recent years, Cochin Shipyard has demonstrated strong financial fundamentals, marked by improved profitability and healthy cash flows. The company’s conservative approach to debt and efficient cost management have contributed to its financial stability.

Despite the recent surge in stock price, many analysts believe Cochin Shipyard remains reasonably valued considering its future growth potential and strategic significance.

Challenges Ahead

While the outlook is optimistic, certain challenges persist. Shipbuilding projects are complex and capital-intensive, often subject to delays due to technical or regulatory hurdles. Any such setbacks could impact the company’s revenue recognition and investor confidence.

Furthermore, volatility in raw material prices and supply chain constraints pose risks that require careful management. Navigating these challenges effectively will be key to sustaining growth momentum.

Conclusion

The recent rise in Cochin Shipyard’s share price highlights strengthening investor confidence in the defense sector and India’s push towards self-reliance in defense production. Backed by government support, a strong order pipeline, and a critical role in naval shipbuilding, CSL stands poised to benefit from the country’s defense modernization efforts.

However, investors should remain vigilant about the inherent risks associated with large-scale shipbuilding projects. A focus on long-term fundamentals and prudent risk assessment will be essential for making sound investment choices in this sector.

 

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