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<ul><li>Defence, road and rail spending by the government is aiding growth in capital goods companies.</li><li>Due to the long-term nature of government spending, tendering momentum will go on till FY30, says Motilal Oswal Securities.</li><li>Wait for a good entry point in capital goods stocks, say analysts, as they have seen a good run in recent times.</li><li>Digital and green infrastructure-based ordering led by the private sector can also aid growth in a few players. </li></ul>India is building more roads, expanding railways and defence orders are trickling in. That’s good news for capital goods companies which also got another near-term boost in the form of lowered political risk; after the national ruling party BJP secured mandates in three states. According to Motilal Oswal Securities, with government spending on metros, water projects, transmission and more, the stage has been set for a ‘decadal growth opportunity’. Driven by long-term structural tailwinds, the sector is all set for a healthy revenue compounded annual growth rate (CAGR), it adds. The government has already spent 47% of what it budgeted for FY24, in the first half of the fiscal year. Private sector, which is spending less, is moving towards automation and green infrastructure, providing smaller but steady orders. In the second quarter, the manufacturing sector grew 13.9%, hitting a nine-quarter high – all indicating that good times are ahead of capital goods companies. The ‘expanding pie’ Government’s capex is projected to grow to ₹17 lakh crore in FY24 as compared to ₹13.5 lakh crore in FY23. With healthy tax collections, there are few doubts on the government’s ability to keep up the pace. “Government has outlined various capex plans for transmission, railways, highways, water, and defense indigenization as well as several PLI schemes. Though we believe that these targets are aggressive as compared to past runrates, even a 60-70% achievement ratio of the said targets can result in significant long-term opportunity for the sector,” says Motilal Oswal Securities. Most of the government’s spending plans are for the long-term too. And this will keep the tendering process busy till FY30, analysts expect. Companies too are all set to gain from the growth, by expanding capacities. “Demand-supply gaps, improved pricing and confidence over sustenance of capex momentum — all have triggered expansion in manufacturing capacities across companies; especially eyeing the latest revival seen in the power sector,” said a report by IIFL Securities. Wait for entry points say analysts Driven by robust order inflows, expanding margins due to lowered raw material cost, most companies in the sector gained significantly in the last few months, barring a few exceptions. That has altered the risk to reward profile of the sector. L&amp;T and <keyword id="6425802" type="General" weightage="80" keywordseo="bharat-electronics" source="Orion">Bharat Electronics</keyword> are IIFL’s preferred bets on the relative risk-reward trade-offs. Motilal Oswal also has a Buy recommendation on L&amp;T, ABB, Siemens, <keyword id="113731" type="General" weightage="50" keywordseo="cummins" source="Orion">Cummins</keyword>, and a ‘neutral’ stance on Bharat Electronics, Thermax and KEC. “We are positive on the business models of these companies but would look for better entry points owing to unfavorable risk reward at current valuations,” it adds. Cap goods stock movements <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30-day change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">L&amp;T </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bharat Electronics </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Siemens </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ABB India </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9.9% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">CG Power </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">24% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cummins </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">13.3% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">MTAR Technologies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-10% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Netweb Technologies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14.8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ideaForge </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-5.6% </td></tr></tbody></table>Source: BSE The digital infra opportunity The size and scale of opportunities that will land in the kitty of companies are also different for companies in the sector. Infrastructure spending bodes well for companies like L&amp;T, Bharat Electronics, Siemens, Power Grid, Hitachi and more. Smaller and recently listed companies like <keyword id="19739527" type="General" weightage="20" keywordseo="ideaforge-mtar-technologies" source="Orion">Ideaforge, MTAR Technologies</keyword>, <keyword id="13433278" type="General" weightage="50" keywordseo="netweb-technologies" source="Orion">Netweb Technologies</keyword> and more can gain from PLI-led schemes. “We expect the uptick in capex to be driven by PLI-led schemes, data center and EV/EV charging-led infrastructure; increasing expenditure towards industrial automation and digitization, and sustainability-driven capex,” said Motilal Oswal. As more companies go towards digitization and the cloud, companies that provide HVAC and cooling systems are also expected to bring in orders for companies like Siemens, ABB to gain from the same. Such orders are also expected to come from the private sector whose capex spending has been sluggish and patchy this year. While there has been an uptick in sectors like cement, pharmaceuticals, chemicals, telecom, food &amp; beverages, and metals &amp; mining, most of the spending is veering towards sustainability. “We see select pockets where opex-led spend towards greener sources of energy and sustainability is happening. We expect the private capex cycle to take some more time to revive,” says Motilal Oswal. SEE ALSO <a href="https://www.businessinsider.in/stock-market/news/private-equity-vc-players-make-a-killing-as-ipo-rush-yields-them-10000-crore/articleshow/105649353.cms">Private equity &amp; VC players make a killing as IPO rush yields them ₹10,000 crore</a> <a href="https://www.businessinsider.in/stock-market/news/no-stopping-the-election-party-with-occasional-profit-booking-say-analysts/articleshow/105721549.cms">No stopping the election party with occasional profit-booking say analysts</a>

As road & rail projects gather steam, cap good companies set for a decadal growth opportunity

<ul><li>Netweb Technologies listed at ₹942, with an 88% premium of its IPO price.</li><li>The IPO was subscribed 90 times over the shares on offer.</li><li>The company intends to use the net proceeds to fund capex, working capital, paying loans and general corporate purposes. </li></ul>Netweb Technologies made its Dalal Street debut at ₹942, with an 88% premium, on Thursday. The grey market had been expecting it to list at a 75% premium over its IPO price of ₹500. The Delhi-based company has raised ₹631 crore via the public offer. The IPO was subscribed 90 times over the shares on offer with a stellar response from Qualified Institutional Buyers (QIBs) as this portion was subscribed by a whopping 228.9 times. The company intends to use the net proceeds from the fresh issue towards funding capital expenditure requirements, long-term working capital requirements, repayment or prepayment, in full or in part, of certain outstanding borrowings and general corporate purposes. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">228.91 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">81.81 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19.15 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">90.36 </td></tr></tbody></table>Source: BSE About the company Netweb Technologies with both design and manufacturing capabilities in-house, has installed over 300 supercomputing systems and over 4,000 accelerator/GPU based AI systems and enterprise workstations as of May 2023. The company is an original equipment manufacturer (OEM) which is eligible for the government’s production linked incentives (PLI) scheme. Intel Americas, Advanced Micro Devices, Inc., Samsung India Electronics, Nvidia Corporation are some of the companies it collaborates with. “Between March 31, 2022 and May 31, 2023 it has almost doubled its order book value from ₹48.56 crore to ₹90.21 crore,” the company said in a press release. Risk factors The company said in its DRHP that a significant proportion of the orders are from government related entities which award the contract through a process of tender. “Tenders, typically, are awarded to the lower bidder once all other eligibility criteria are met. The Company’s performance could be adversely affected if it is not able to successfully bid for these contracts or required to lower its bid value,” it added. It had low-capacity utilisation in the last three fiscal years. Its success is also dependent on the long-term relationship with its customers and is heavily reliant on its top 10 customers. Moreover, it does not generally enter into long-term contracts with customers, which exposes the company to risks emanating from the inability to retain the established customers as the clients. “Loss of all or a substantial portion of sales to any of the top 10 customers, for any reason could have a material adverse impact on its business, results of operations, financial condition and cash flows,” the company said.

Netweb Technologies lists at an 88% premium, beats grey market expectations

<ul><li>QIBs subscribed to the IPO by a whopping 228.9 times, as the retailer portion was subscribed by 19x. </li><li>The high end computing solutions provider raised ₹631 crore via the public offer. </li><li>The company intends to use IPO proceeds towards funding capex, long-term working capital, repaying loans and more. </li></ul>The initial public offer of Netweb Technologies was subscribed 90 times over the shares on offer, on the last day of the issue, on Wednesday. The high end computing solutions provider received stellar response from Qualified Institutional Buyers (QIBs) as this portion was subscribed by a whopping 228.9 times. As much as 50% of the issue was allocated to QIBs, while 15% was allocated to Non-Institutional Bidders, and 35% to retail investors. The Delhi based company has raised ₹631 crore via the public offer. The company intends to use the net proceeds from the fresh issue towards funding capital expenditure requirements, long-term working capital requirements, repayment or prepayment, in full or in part, of certain outstanding borrowings and general corporate purposes. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No of times subscribed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">QIBs </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">228.91 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">81.81 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19.15 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">90.36 </td></tr></tbody></table>Source: BSE About the company Netweb Technologies with both design and manufacturing capabilities in-house, has installed over 300 supercomputing systems and over 4,000 accelerator/GPU based AI systems and enterprise workstations as of May 2023. The company is an original equipment manufacturer (OEM) which is eligible for the government’s production linked incentives (PLI) scheme. Intel Americas, Advanced Micro Devices, Inc., Samsung India Electronics, Nvidia Corporation are some of the companies it collaborates with. “Between March 31, 2022 and May 31, 2023 it has almost doubled its order book value from ₹48.56 crore to ₹90.21 crore,” the company said in a press release. Risk factors The company said in its DRHP that a significant proportion of the orders are from government related entities which award the contract through a process of tender. “Tenders, typically, are awarded to the lower bidder once all other eligibility criteria are met. The Company’s performance could be adversely affected if it is not able to successfully bid for these contracts or required to lower its bid value,” it added. It had low-capacity utilisation in the last three fiscal years. Its success is also dependent on the long-term relationship with its customers and is heavily reliant on its top 10 customers. Moreover, it does not generally enter into long-term contracts with customers, which exposes the company to risks emanating from the inability to retain the established customers as the clients. “Loss of all or a substantial portion of sales to any of the top 10 customers, for any reason could have a material adverse impact on its business, results of operations, financial condition and cash flows,” the company said.

Netweb Technologies IPO subscribed 90x with a stellar QIB response

<ul><li><keyword id="13433278" type="General" weightage="20" keywordseo="netweb-technologies" source="Orion">Netweb Technologies</keyword> is expected to announce its share allotment status today i.e. July 24.</li><li>The shares of Netweb Technologies were subscribed by 90.55 times overall.</li><li>The company’s shares are expected to be listed on the stock exchanges on July 27.</li></ul> Delhi-based Netweb Technologies, a provider of high-end computing solutions, is expected to announce the allotment status of its initial public offering (IPO) today, that is July 24. The IPO opened on July 17 and closed on July 19. The price band for the IPO was ₹475 to ₹500 per share. <cmsannotation type="cmsannotation" annotationid="Robust subscription" comment="subhead" text="Robust subscription">Robust subscription</cmsannotation> On the last day, the <keyword id="16976109" type="General" weightage="20" keywordseo="netweb-technologies-ipo" source="Orion">Netweb Technologies IPO</keyword> was subscribed 90.55 times, receiving bids for 80.04 crore equity shares against 88.58 lakh shares on offer. While the qualified institutional buyer portion was subscribed 220.69 times, the non-institutional investors portion was subscribed 83.21 times. The retail portion also witnessed decent participation and was subscribed 19.2 times. The employee category was subscribed 55.92 times. <cmsannotation type="cmsannotation" annotationid="Grey market premium" comment="subhead" text="Grey market premium">Grey market premium</cmsannotation> The shares of Netweb Technologies are currently commanding a grey market premium (GMP) of ₹380 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. <cmsannotation type="cmsannotation" annotationid="Here’s how to check the IPO’s allotment status" comment="subhead" text="Here’s how to check the IPO’s allotment status">Here’s how to check the IPO’s allotment status</cmsannotation> You can check the allotment status on the registrar’s website. <ul><li>To check the <keyword id="18120436" type="General" weightage="100" keywordseo="netweb-technologies-ipo-allotment" source="Orion">Netweb Technologies IPO allotment</keyword> status, visit the registrar’s website<a href="https://linkintime.co.in/IPO/public-issues.html"> here</a>.</li><li>Click on ‘Select Company’ and then select ‘Netweb Technologies’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Now, enter the captcha.</li><li>Click on submit.</li></ul>You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Netweb Technologies IPO allotment status on the BSE and NSE websites. To check the allotment status on BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Netweb Technologies’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your allotment status on NSE. <cmsannotation type="cmsannotation" annotationid="Netweb Technologies listing date" comment="subhead" text="Netweb Technologies listing date">Netweb Technologies listing date</cmsannotation> The shares of Netweb Technologies will be listed on the stock exchanges on July 27. SEE ALSO: <a href="https://www.businessinsider.in/business/news/netflix-india-ends-password-sharing-outside-households/articleshow/101976844.cms">Netflix India ends password sharing outside households – Here’s how it will work</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-m34-5g-mobile-review/articleshow/101863069.cms">Samsung Galaxy M34 5G review – a sub-₹20,000 phone with good battery life</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-5-z-flip-5-galaxy-watch-series-6-and-more-set-to-launch-july-end/articleshow/101538049.cms">Samsung Galaxy Z Fold 5, Z Flip 5, Galaxy Watch Series 6 and more set to launch July-end</a>

Netweb Technologies IPO allotment – how to check allotment, GMP, listing date and more

<ul><li>The Delhi based company intends to raise as much as ₹631 crore via the public offer. </li><li>The IPO will open on July 17 and close on July 19. </li><li>Around 50% of the offer is available to QIBs, 15% to NIIs and 35% to retail investors. </li><li>The company intends to use net proceeds to fund capital and operational expenditures, loan payments and general corporate purposes. </li></ul>High-end computing solutions provider <keyword id="13433278" type="General" weightage="20" keywordseo="netweb-technologies" source="Orion">Netweb Technologies</keyword> has fixed a price band of ₹475-500 per share for its upcoming initial public offer (IPO). The IPO will open on July 17 and close on July 19. The offer is being made through a book building process, wherein not more than 50% of the offer shall be available for allocation to Qualified Institutional Buyers (QIBs). As much as 15% is available for allocation to Non-Institutional Bidders, and 35% for retail investors. The Delhi based company intends to raise as much as ₹631 crore via the public offer. The minimum bid lot has been fixed at 30 equity shares and in multiples of 30 equity shares thereafter. The offer consists of a promoted offloading as well as fresh issue of shares. The company intends to use the net proceeds towards funding capital expenditure requirements, long-term working capital requirements, repayment or prepayment, in full or in part, of certain outstanding borrowings and general corporate purposes. About the company Netweb Technologies with both design and manufacturing capabilities in-house, has installed over 300 supercomputing systems and over 4,000 accelerator/GPU based AI systems and enterprise workstations as of May 2023. The company is an original equipment manufacturer (OEM) which is eligible for the government’s production linked incentives (PLI) scheme. Intel Americas, Advanced Micro Devices, Inc., Samsung India Electronics, Nvidia Corporation are some of the companies it collaborates with. “Between March 31, 2022 and May 31, 2023 it has almost doubled its order book value from ₹48.56 crore to ₹90.21 crore,” the company said in a press release. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total Income </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹445 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹248 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹144 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net Profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹46.9 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹22.4 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹8.2 crore </td></tr></tbody></table>Source: DRHP Risk factors The company said in its DRHP that a significant proportion of the orders are from government related entities which award the contract through a process of tender. “Tenders, typically, are awarded to the lower bidder once all other eligibility criteria are met. The Company’s performance could be adversely affected if it is not able to successfully bid for these contracts or required to lower its bid value,” it added. It had low-capacity utilisation in the last three fiscal years. Its success is also dependent on the long-term relationship with its customers and is heavily reliant on its top 10 customers. Moreover, it does not generally enter into long-term contracts with customers, which exposes the company to risks emanating from the inability to retain the established customers as the clients. “Loss of all or a substantial portion of sales to any of the top 10 customers, for any reason could have a material adverse impact on its business, results of operations, financial condition and cash flows,” the company said.

Netweb Technologies IPO to open on July 17 with price band at ₹475-500

<ul><li>Tata Tech stock listed at ₹1,314 as compared to its issue price of ₹500 per share.</li><li>Its marketcap stands at ₹53,314 crore, according to Bombay Stock Exchange.</li><li>Analysts see long-term gains in the stock and advise allotted investors to hold on to a portion of the shares. </li></ul>Tata Technologies stock zoomed on debut day, providing its investors with 162% listing gains. That’s more than what the grey market had anticipated at 75%. The stock listed at ₹1,314 as compared to its issue price of ₹500 per share. Its marketcap stands at ₹53,314 crore, according to Bombay Stock Exchange. After a break of 19 years, a Tata group company is listed on the stock exchanges, and has created enough buzz even before listing. The ₹3,042 crore issue is a complete offer for sale that was subscribed 69 times over, making investors rush for it on debut day. Tata Technologies also joined the coveted list of dream debuts like Ideaforge and Netweb Technologies. Here are some of the best listing gains provided by stock debuts this year. Companies with the best listing gains in 2023 <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IdeaForge Technology </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">94% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Netweb Technologies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">89% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aeroflex Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">83% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vishnu prakash R Punglia </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">65% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Utkarsh Small Finance Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">60% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cyient DLM </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">51% </td></tr></tbody></table>Source: Axis Capital Possible wealth doubler says analyst The grey market has pegged Tata Tech’s IPO listing gains at over 70% — which is the most bullish it has been, this season. Also, its stellar subscription numbers might push people who have applied for the stock not allotted to try and buy on the first day. Tata Technologies IPO which broke a record with the number of applications is expected. The QIB portion of the issue was subscribed 200 times over the shares on offer. The non-institutional and retail investors’ interest paled in comparison as these quotas were subscribed 62 times and 16 times respectively. Thanks to the buzz, an analyst said that it could provide super-premium listing gains. Not only does the engineering R&amp;D player have a well-established business model, the Tata name worked wonders for the interest in the stock. “There is a high possibility that Tata Technologies can be a doubler candidate post listing. Given the growth potential in outsourcing, the business model would be in great demand going forward. We recommend allotted investors to book 50% profits over and above our expectations and retain the rest for the long-term,” said Prashanth Tapse, research analyst, senior VP of research at Mehta Equities.

Va va vroom: Tata Technologies stock doubles investor money on debut

<ul><li>Strong IPO buzz and heavy marketing drive up listing gains of a few stocks, which should be encashed, advise experts.</li><li>Retail investors should refrain from participating in IPOs, and wait for six months for a stock to cool off.</li><li>Ideaforge, Netweb Technologies, Aeroflex Industries, Utkarsh Small Finance Bank gave good listing gains, but fell flat after. </li></ul>It’s been a fabulous week for investors who applied to initial public offers (IPOs) hoping to make a killing on listing day. Tata Technologies gave a stellar triple-digit listing gains, IREDA was very close to doubling wealth with 87% gains and small-cap stock Gandhar too presented a pleasant surprise with 78% gains. Those who were lucky enough to be allotted these stocks are left with the question — should I sell or hold on for more gains in the future? Experts say that bumper gains are a cue for them to make money, especially in stocks which saw sharp gains. “The recent IPOs of Tata Technologies, IREDA, Gandhar Oil were attractively priced. Therefore, they saw bumper gains on listing day. We believe that investors are better off by selling such shares and locking in listing gains. In most cases, stocks do give opportunity to re-enter at lower levels,” Apurva Sheth, head of market perspectives &amp; research at SAMCO Securities tells Business Insider India. ‘IPO value not true value’ The IPO season of 2023 has been rewarding for investors. The average listing gain has been 29.4% for debuts till the first half of the year, according to Primedatabase. But companies that saw stellar listing gains like Ideaforge shed a part of its value over time. The stock performance of other debut-stars like Netweb Technologies, Aeroflex Industries and Utkarsh Small Finance Bank has been tepid after stellar listing gains. Vishnu prakash R Punglia and Cyient DLM however are exceptions. Extremely high investor interest, heavy subscriptions in the IPO period can turn the needle away from true valuations and their future potential, experts insist. “IPOs generating a strong buzz due to a unique business model, effective publicity and good brand identity can post a fair listing gain even in the event of lower earnings visibility, as a result of high demand from investors. If an investor is subscribing to such IPOs, they should look to book listing gains,” Sunil Shah, group CEO and MD at Khambatta Securities tells Business Insider India. Sell (Gandhar), Hold (Tata Tech) &amp; Accumulate (IREDA) Amongst freshly listed pack of companies, Prashanth Tapse, senior VP of research at Mehta Equities advises allotted investors of Tata Tech to book 50% profits if the stock moves over ₹1,400 and hold the rest for long term, as he believes the engineering R&amp;D major is a potential ‘doubler candidate’. The stock had closed at ₹1,314 on its debut on Thursday. At the same time, Tapse sees limited upside from the current levels for Gandhar Oil, which has managed to narrow the gap with peers. He advises its investors to book profits. For IREDA, he advises investors to ‘hold for long term’ and accumulate on dips as it holds the potential to provide healthy long term returns. “Companies with strong fundamentals, i.e. those with a proven solid business model and robust earnings visibility, are the ones investors should look to stay invested in,” says Shah. Companies with the best listing gains in 2023 <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Returns since listing </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Technologies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">162% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IdeaForge Technology </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">94% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-32% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Netweb Technologies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">89% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IREDA </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">87% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aeroflex Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">83% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-3.6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gandhar Oil </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">78% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NA </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vishnu prakash R Punglia </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">65% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">39% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Utkarsh Small Finance Bank </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">60% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cyient DLM </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">51% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">54% </td></tr></tbody><tbody></tbody><tbody></tbody></table>Source: Axis Capital, BSE IPOs – not for retail investors The IPO rush tends to ignore facts like overpriced issues and other troubles. The reason being the <keyword id="10639565" type="General" weightage="20" keywordseo="ipo-financing" source="Orion">IPO financing</keyword> that large investors receive, who apply and sell immediately on allotment. But this liquidity leaves the stock, and that’s what drives prices down, insist experts. “IPO financing does drive up the demand for IPOs due to the additional liquidity it infuses, and it further brings in more investors looking for listing gains. That said, the recent curb on IPO financing imposed by the RBI and changes announced by SEBI relating to the allocation methodology are expected to negatively impact IPO financing,” said Shah. The impact of IPO financing driving up listing day gains is reducing. In April 2022, RBI mandated non-banking financial companies (NBFCs) to not lend more than ₹1 crore per borrower for subscribing in IPOs. Markets regulator SEBI too mandated to keep one third of the HNI quota shares for applicants below ₹10 lakh, which is also known as small HNI category. “All these measures led to considerable reduction in IPO financing. This has led to limited impact on the listing day,” says Sheth. Sheth also insists that IPOs are generally overpriced and retail investors are better off without participating in them. He insists that retail investors should get into newly listed six months after listing wherein the stock has had time to cool off and consolidate. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/minority-shareholders-must-grin-and-bear-it-when-promoters-wash-dirty-laundry-in-public/articleshow/105589325.cms">Minority shareholders must grin and bear it when promoters wash dirty laundry in public</a> <a href="https://www.businessinsider.in/entertainment/news/family-man-manoj-bajpayee-bats-for-movie-heroes-who-like-the-common-man/articleshow/105577006.cms">Family Man Manoj Bajpayee bats for movie heroes who look like ‘the common man’</a>

Stellar listing gains: Book profits if there are bumper gains say experts

IPO gold rush: All but 4 IPOs in FY24 gave positive returns on listing

<ul><li>In the September quarter, 21 <keyword id="15966109" type="General" weightage="20" keywordseo="mainboard-ipos" source="Orion">mainboard IPOs</keyword> raised as much as $1.77 billion, says an E&amp;Y report.</li><li>This momentum is expected to continue well into the second half of 2024.</li><li>Companies are striving to file for IPOs before the 2024 Indian elections, the firm says. </li></ul>The buzzing Indian initial public offer (IPO) market is the best globally, says a report by Ernst &amp; Young. In the September quarter, 21 mainboard IPOs raised as much as $1.77 billion – marking a 3.7x growth in amount rates and 4.2x growth in number of deals. The SME IPO market too recorded significant success by raising $165.7 million via 48 IPOs in the third quarter of 2023. And this momentum will go on for another another, predicts the consulting firm’s IPO trends report. “The IPO landscape is witnessing a surge in activity driven by both an urge to tap the capital markets pre-or-post Indian general elections and strong economic activity, positive domestic and foreign investor sentiment towards India. This momentum is expected to continue well into H2 2024,” said Adarsh Ranka, partner and financial accounting advisory services leader, member firm of EY Global. The pipeline ahead is strong with over 25 companies filing their Draft Red Herring Prospectuses (DRHPs) in Q3. It demonstrates a strong intent to raise funds in the upcoming quarters, the report opines. The three largest IPOs in Q3 were RR Kable, Concord Biotech, and SAMHI Hotels. Key sectors contributing to this IPO surge included diversified industrial products, consumer products and retail, and technology. “Market optimism is attributed to several factors, including the US recession, the Federal Reserve's pause in interest rate hikes, and inflation. Companies are striving to file for IPOs before the 2024 Indian elections, with the demand for IPOs surging this year compared to 2022,” says E&amp;Y. Listing gains and more IPOs This year’s tranche of IPOs also rewarded their investors with positive listing gains. According to Pranav Haldea, managing director of PRIME Database Group, IPO response was further buoyed by strong listing performance. The average listing gain increased to 29.4% in the first half of 2022-23. Ideaforge with 93% returns, Utkarsh Small Finance Bank with 92% and Netweb Technologies with 82% returns are some of the best performing IPOs. “The markets continue to reward companies with robust, scalable, and well-governed business models,” says E&amp;Y. In line with primary market fund raises, August 2023 also witnessed a remarkable $5.2 billion in <keyword id="3472800" type="General" weightage="20" keywordseo="pe/vc-investments" source="Orion">PE/VC investments</keyword>. This is a 127% increase compared to August 2022 and an 18% increase from July 2023. <keyword id="12977634" type="General" weightage="20" keywordseo="pe/vc-exits" source="Orion">PE/VC exits</keyword> reached $4.3 billion across 37 deals, marking a 35% year-over-year increase in value.

D-Street debuts rake in $1.77 bn in Q3; momentum to continue till general elections

<keyword id="45218" type="General" weightage="20" keywordseo="jlr" source="Orion">JLR</keyword> India on Monday said it has recorded its best ever first quarter sales in the country in April-June 2023. The company said its retail sales rose 102 per cent to 1,048 units in the June quarter as compared with the same period last year. The performance was enabled by a phenomenal growth of 209 per cent in <keyword id="91410" type="General" weightage="20" keywordseo="range-rover" source="Orion">Range Rover</keyword>, Range Rover Sport and Defender sales, JLR India said in a statement. The three models continue to see sustained demand, contributing 78 per cent of the current order book, it added. "This performance is testament to the exceptional equity of the JLR brands and our class-leading collection of modern luxury vehicles. Backed by the growing demand among our discerning clients, our order book remains strong and growing, and we are excited and confident of our India story ahead," JLR India Managing Director Rajan Amba stated. JLR said its pre-owned business grew 137 per cent in the first quarter of the current fiscal. The company stated that it has an impressive line-up of product initiatives scheduled for the year, starting with the enhanced Range Rover Velar - bookings for which commenced recently. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/netweb-technologies-ipo-how-to-check-allotment-gmp-listing-date-and-more/articleshow/102068898.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/netweb-technologies-ipo-how-to-check-allotment-gmp-listing-date-and-more/articleshow/102068898.cms" target="_blank">Netweb Technologies IPO allotment – how to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/business/auto/news/the-ola-s1-air-is-the-affordable-offering-from-the-company-and-will-soon-go-on-sale-in-india/slidelist/102074223.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-s1-air-is-the-affordable-offering-from-the-company-and-will-soon-go-on-sale-in-india/slidelist/102074223.cms" target="_blank">Ola S1 Air to hit Indian roads soon – price, features and everything you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-5-z-flip-5-galaxy-watch-series-6-and-more-set-to-launch-july-end/articleshow/101538049.cms">Samsung Galaxy Z Fold 5, Z Flip 5, Galaxy Watch Series 6 and more set to launch July-end</a>

JLR India reports highest ever first quarter sales

<ul><li>Tata Technologies, Snapdeal, Fabindia and Navi Technologies are some of the most awaited IPOs of the season. </li><li>Around 13 companies filed their DRHPs between April to June 2023. </li><li>More tech, fintech and direct to consumer companies are expected to go public in the next two years.</li></ul>After a slow start in 2023, the <keyword id="6354763" type="General" weightage="20" keywordseo="ipo" source="Orion">IPO</keyword> market picked steam after the new financial year started in April. As many as 20 new companies listed on BSE and NSE, raising as much as ₹15,000 crore as of August. An IPO (Initial Public Offer) is the first sale of shares by a privately owned company to institutional and retail investors. Though it’s a far cry from ₹58,346 crore raised in 2022 — a lot of large and small companies alike have filed their draft red herring prospectus (DRHPs) with market regulator SEBI — promising an exciting year ahead. As per an E&amp;Y report, around 13 companies filed their DRHPs in April to June 2023, adding to the pipeline. Most active sectors in recent IPOs include hospitality &amp; construction, automotive &amp; transportation, diversified industrial products, and real estate. Apart from Rishabh Instruments’ ₹490 crore public offer and Ratnaveer Precision Engineering’s ₹165 crore public offers in the coming weeks, the stage has also been set for large companies looking to be listed. Amongst the most anticipated IPOs are Tata Technologies wherein Tata Motors is selling stake. This would be the first Tata company to go public in 19 years as the last company that was listed by the group is industry major TCS. <cmsannotation type="cmsannotation" annotationid="Upcoming IPOs" comment="subhead" text="Upcoming IPOs">Upcoming IPOs</cmsannotation> <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amount </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rishabh Instruments Limited </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹490.78 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ratnaveer Precision Engineering Limited </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹165.03 crore </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table><cmsannotation type="cmsannotation" annotationid="Companies who have filed their DRHP" comment="subhead" text="Companies who have filed their DRHP">Companies who have filed their DRHP</cmsannotation> Let’s look at some of the companies who have filed their DRHP and may soon announce their IPO - <ul><li>Navi Technologies</li><li>Tata Technologies</li><li>Balaji Speciality Chemicals</li><li>Snapdeal</li><li>Fabindia</li><li>NSDL</li><li>Imagine Marketing (boAt)</li></ul><cmsannotation type="cmsannotation" annotationid="Techs, fintechs &amp; more" comment="subhead" text="Techs, fintechs &amp; more">Techs, fintechs &amp; more</cmsannotation> New-age companies like Snapdeal filed their papers with the regulator and would be very watched due to the mixed reactions that Internet companies are continuing to receive. Moreover, it would be one the first large e-commerce companies to test the markets. Sachin Bansal’s Navi Technologies is another fintech company that will join the likes of Policybazaar, and household brand FabIndia has also refiled its papers. In spite of a lot of investor concern around new-age companies, experts believe that India will see a lot of tech IPOs in the coming years. Mamaearth’s parent Honasa Consumer has also received a nod from SEBI for their IPO, even though it was delayed as of March this year. “By FY25, India is likely to have up to 40 listed/IPO ready new-age companies, which can grow to 90 by FY28. SaaS, B2C Product Companies, and FinTech are amongst the most promising categories to produce IPO-ready companies," Rohan Agarwal, partner at Redseer said in a recent report. These companies, Agarwal believes, have sizable revenues, sustainable growth, a strong EBITDA, and operate on defensible business models, making them strong candidates for IPO. Another Solapur based specialty chemicals company Balaji Specialty Chemicals also hopes to add to the many companies that have provided outsized returns to their investors in the last few years — as the sector is on an upcycle. "India's current IPO market trend showcases its immense potential and has witnessed a remarkable surge in recent years. In the forthcoming months, there is anticipated to be significant momentum in the Indian IPO market, encompassing both the main and SME market segments," said Adarsh Ranka, partner, financial accounting advisory services leader, network firm of EY Global. <cmsannotation type="cmsannotation" annotationid="Fundraising in 2023" comment="subhead" text="Fundraising in 2023">Fundraising in 2023</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Funds raised in 2023 </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vishnu Prakash R Punglia </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹309 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Aeroflex Industries </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹351 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pyramid Technoplast </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹153 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS Supply Chain </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹880 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Concord Biotech </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,551 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBFC Finance </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,025 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Yatharth Hospital </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹686 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Netweb Technologies </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹631 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Utkarsh Small Finance Bank </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹500 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Senco Gold </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹405 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cyient DLM </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹592 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ideaforge Technologies </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹567 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HMA Agro </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹480 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IKIO Lighting </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹606 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Divgi TorqTransfer </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹412 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Global Surface </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹155 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Udayshivkumar Infra </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹66 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mankind Pharma </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,326 crore </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Avalon Technologies </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹865 crore </td></tr></tbody></table>

IPOs galore – India’s primary market to remain buzzing in 2023

<ul><li>Ultrahuman and boAt have recently launched their <keyword id="2123001" type="General" weightage="20" keywordseo="smart-rings" source="Orion">smart rings</keyword> in India.</li><li>Noise has announced the Luna Ring, its premium <keyword id="2007826" type="General" weightage="100" keywordseo="smart-ring" source="Orion">smart ring</keyword> in the country.</li><li>Samsung is reportedly working on <keyword id="16668099" type="General" weightage="80" keywordseo="galaxy-ring" source="Orion">Galaxy Ring</keyword>, a smart ring in collaboration with Japan’s Meiko.</li><li>With increased interest among major companies, smart rings may soon become mainstream.</li></ul> <keyword id="1010975" type="General" weightage="20" keywordseo="smartwatches" source="Orion">Smartwatches</keyword> are essential devices that allow us to keep a track of several important health metrics, including heart rate and blood oxygen saturation. While smartwatches have been<a href="https://www.businessinsider.in/tech/news/india-dominates-smartwatch-market-accounts-for-over-a-quarter-of-global-sales-in-q1-2023/articleshow/100522354.cms%5d"> selling</a> like hot cakes, companies are now working on smart rings, which will be able to offer the same functionality in a smaller form-factor. While smart rings are not a new concept, the device is now coming into the limelight as major companies are looking to enter this segment. <cmsannotation type="cmsannotation" annotationid="Noise announces Luna Ring" comment="subhead" text="Noise announces Luna Ring">Noise announces Luna Ring</cmsannotation> Noise is the latest company to foray into the smart ring segment. The company has announced the Luna Ring, a premium smart ring with a titanium body. The ring is capable of tracking over 70 health metrics, include heart rate, temperature and SpO2 levels. The Luna Ring is compatible with both, Android and iOS devices and comes with a 7-day battery life. <cmsannotation type="cmsannotation" annotationid="Ultrahuman, boAt unveil their smart rings" comment="subhead" text="Ultrahuman, boAt unveil their smart rings">Ultrahuman, boAt unveil their smart rings</cmsannotation> Ultrahuman, a Bengaluru-based startup launched the Ring Air, the company’s smart ring in June 2023 and boAt recently entered the segment with the launch of the boAt Smart Ring. <cmsannotation type="cmsannotation" annotationid="Samsung is reportedly working on the Galaxy Ring" comment="subhead" text="Samsung is reportedly working on the Galaxy Ring">Samsung is reportedly working on the Galaxy Ring</cmsannotation> A Korean website, The Elec recently reported that Samsung is working on its own “Galaxy Ring”. The South Korean smartphone maker already has a popular Galaxy Watch line-up and is scheduled to launch the Galaxy Watch 6 series at its upcoming<a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-5-z-flip-5-galaxy-watch-series-6-and-more-set-to-launch-july-end/articleshow/101538049.cms"> Galaxy Unpacked</a> event on July 26. While it may be too early, Samsung may reveal some information about the Galaxy Ring at its upcoming event. Samsung has reportedly partnered with Japan’s Meiko to develop the printed circuit board (PCB) for the smart ring. Finnish health tech giant Oura is well known for its smart rings that provide continuous health monitoring and activity tracking. Oura’s Ring is currently not available in India. <cmsannotation type="cmsannotation" annotationid="How are smart rings different from smart watches?" comment="subhead" text="How are smart rings different from smart watches?">How are smart rings different from smart watches?</cmsannotation> The biggest difference between smartwatches and smart rings is the size. While smartwatches are usually the same size or even bigger than traditional watches, smart rings offer similar functionality in a compact form factor. At the same time, a smart ring misses out on a display, which allows users to get access to a lot of data by looking at their watch, without having to take out their phones. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/netweb-technologies-ipo-how-to-check-allotment-gmp-listing-date-and-more/articleshow/102068898.cms">Netweb Technologies IPO allotment – how to check allotment, GMP, listing date and more</a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-s1-air-is-the-affordable-offering-from-the-company-and-will-soon-go-on-sale-in-india/slidelist/102074223.cms">Ola S1 Air to hit Indian roads soon – price, features and everything you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-5-z-flip-5-galaxy-watch-series-6-and-more-set-to-launch-july-end/articleshow/101538049.cms">Samsung Galaxy Z Fold 5, Z Flip 5, Galaxy Watch Series 6 and more set to launch July-end</a>

Noise joins the smart rings bandwagon as a new category emerges

Myopia or near-sightedness is a condition in which near objects appear clear but objects farther away look blurry. It is the commonest refractive error typically affecting the younger population across the globe. With its rising numbers, it is estimated to affect half of the global population by 2050. Genetic and many environmental factors are responsible for developing Myopia. Myopia starts to develop during childhood and adolescent age. The older children may be able to tell the difficulties they are experiencing with their vision. Younger children might not express difficulty seeing but a change in their behaviour or other signs can direct us towards their vision difficulty. Dr Jitendra Jeth- MS, DO, DNB, FNB, PHD scholar Director, Baroda children eye care and Squint clinic, Baroda quoted "Progressive myopia occurs in school going children and the two major causes for progression are near work and indoor sitting.If parents have glasses, the children should be checked at a younger age for glasses. With newer drugs and interventions the progression can be slowed down" The most common sign you can see is, the child goes very close to the screen of the television or laptop. Similar behaviour is observed in school as well, the child goes very close to the board or screen or prefers to sit in the front row of the classroom to see things, clearly. Some children may complain of blurred vision or intermittent headaches. <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> is the most populous country in the world with a greater number of young people. In this era of digitalization, the screen time of an individual has increased to a great extent. And kids are not exception. The use of smart phones, computers, laptops or TV screens have become a part of their daily routine. In past few years the kids are more home bound, involved in near work and their hours of outside playing has reduced significantly. Dr Lav Kochgaway - Senior Consultant and Executive Director <keyword id="18124710" type="General" weightage="80" keywordseo="netralayam" source="Orion">Netralayam</keyword>, Kolkata quoted "As we are heading towards a situation in which almost 50 percent of urban children may have minus power - mandatory eye check up at three years and annually thereafter becomes even more important. Awareness about reduced use of digital devices and more outdoor games in children will help". The pandemic of COVID has added to this increased exposure of screen as more time was spent on smart phones for online schooling. Excessive exposure to smartphone screen has posed a severe surge in cases of Myopia across the globe. This environmental risk factor is found to be associated with both development and Progression of Myopia as many studies have determined. The GenNext's inseparable connectivity to the devices is risking their vision multifold. Let's understand how these <keyword id="6354775" type="General" weightage="20" keywordseo="smartphones" source="Orion">smartphones</keyword> or screens are affecting the vision? It is the 'blue light emitted by these devices to be blamed. Dr Siddarth Kesarwani - Senior Consultant Pediatric Ophthalmologist, JNR Children Eye Care &amp; Squint Clinic, Mumbai quoted "An entire generation of children is at a high risk for getting progressive myopia due to excessive syllabus, early schooling, increased screen time and less time spent playing outdoors. Myopia is a lifestyle disease. Newer interventions like dilute atropine and novel spectacle designs can help slow the progression of myopia". Sunlight has a spectrum of light which contains red, orange, yellow, blue and green lights. But the light emitted by these devices is generally blue one which has high energy and short wavelength. Though blue light is naturally present in the environment, it is something in higher amounts from the screens of smartphones and is harming the vision. It was observed in a study that children's eyes absorb more blue light than the adult's eyes emitted by these devices. A study says, Myopic children use twice as much smartphone data each day as their non-myopic peers. This added blue light exposure from these devices lead to eye strain and more seriously a condition called macular degeneration. It was estimated in an article published in 2020 that, Myopia prevalence globally could reach 52% in the next 3 decades, which is alarming. Dr Ramesh Kekunnaya - FRCS, Network Director <keyword id="18124711" type="General" weightage="80" keywordseo="l-v" source="Orion">L V</keyword> <keyword id="178632" type="General" weightage="80" keywordseo="prasad-eye-institute" source="Orion">Prasad Eye Institute</keyword>, Hyderabad quoted "Overviewing / over usage of screens of smartphones and tablets could be a risk factor for the onset of myopia and its progression. Additionally, it can cause issues related to sleeping, eating, and other behavioural issues in children. So I urge parents to use all these gadgets wisely and keep the children away from using them unnecessarily and encourage /engage them in various outdoor activities and games". There has been found a steady growth in cases of Myopia or short-sightedness over last few decades. In Indian many studies had been conducted to assess the Myopia situation in rural and urban set ups. The prevalence of Myopia in kids in urban area was 8.5% while in rural area it was 6.1%, a study published in 2020 says. But the more concern has risen up with the figures of the recent study conducted by AIIMS which says over 13% of the school going children in India have turned myopic, and the number has doubled in the last decade due to excess usage of electronic gadgets. Early detection and timely intervention are effective in controlling development and progression of Myopia. Children's screen time should be restricted and they should be encouraged to play outdoors than playing with smartphones. (Disclaimer: The above press release has been provided by Mediawire. ANI will not be responsible in any way for the content of the same) SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/netweb-technologies-ipo-how-to-check-allotment-gmp-listing-date-and-more/articleshow/102068898.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/netweb-technologies-ipo-how-to-check-allotment-gmp-listing-date-and-more/articleshow/102068898.cms" target="_blank">Netweb Technologies IPO allotment – how to check allotment, GMP, listing date and more</a><a href="https://www.businessinsider.in/business/auto/news/the-ola-s1-air-is-the-affordable-offering-from-the-company-and-will-soon-go-on-sale-in-india/slidelist/102074223.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/the-ola-s1-air-is-the-affordable-offering-from-the-company-and-will-soon-go-on-sale-in-india/slidelist/102074223.cms" target="_blank">Ola S1 Air to hit Indian roads soon – price, features and everything you need to know</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-5-z-flip-5-galaxy-watch-series-6-and-more-set-to-launch-july-end/articleshow/101538049.cms">Samsung Galaxy Z Fold 5, Z Flip 5, Galaxy Watch Series 6 and more set to launch July-end</a>

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