Invest Aaj For Your Future

Swiggy Limited has announced its IPO with a price range of ₹371 to ₹390 per equity share, having a face value of ₹1. The subscription period will begin on Wednesday, November 6, and end on Friday, November 8. Allocations for anchor investors are scheduled for Tuesday, November 5. The IPO consists of a total value of Rs 11,327 crore, comprising a fresh issue of 11.54 crore shares worth Rs 4,499 crore and an offer for sale of 17.51 crore shares amounting to Rs 6,828.43 crore. Following this, the company's market capitalization is expected to be around Rs 87,299 crore. Swiggy's IPO is now priced at a valuation of $11.3 billion, down from an earlier goal of approximately $15 billion. This decrease is linked to current market volatility and the underwhelming market debut of Hyundai India.  The lower and upper price limits are set at 371 times and 390 times the face value of the equity shares. Due to the company's losses in the financial year 2024, as per restated con...

On October 29, Elcid Investments surpassed MRF to become India's priciest stock, following a BSE auction for price discovery of holding companies, with each share valued at Rs 2.25 lakh. This smallcap stock made headlines on Dalal Street as its price skyrocketed from Rs 3.53 to an incredible Rs 2,36,250 in just one day, marking a staggering increase of 66,92,535%. Meanwhile, MRF shares closed at Rs 1.22 lakh, down 0.61% on the same day. Although the highest trading price for Elcid reached Rs 4.58 lakh, the final price discovery was set at Rs 2.25 lakh. The BSE auction held on October 28 aimed to establish a clearer market value for holding companies. A Rs 1 lakh investment in Elcid would have yielded an extraordinary return of approximately Rs 670 crore within a few months. This dramatic turnaround sparked discussions among market participants on social media, highlighting the stock's sudden rise. In June 2024, a SEBI circular introduced a new mechanism to enhance t...

NTPC Green Energy, a fully owned subsidiary of NTPC, has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with an initial public offering (IPO) aimed at raising ₹10,000 crore. The company submitted its IPO application to SEBI on September 18, 2024. According to a CRISIL report cited in its draft red herring prospectus (DRHP), NTPC Green Energy, backed by NTPC Ltd, is recognized as the largest public sector player in renewable energy (excluding hydro) in terms of operational capacity and power generation for Fiscal 2024. As of June 30, 2024, NTPC Green Energy was collaborating with 15 offtakers on 37 solar and 9 wind projects. The company is also in the process of constructing 31 renewable energy projects across 7 states, with a total capacity of 11,771 MW contracted and awarded. Additionally, it operated 2,925 MW through 14 solar and 2 wind projects.   NTPC Green Energy IPO Overview The NTPC Green Energy IPO features a face value...

Swiggy is a technology-driven company focused on consumer convenience, offering a unified app that allows users to easily browse, select, order, and pay for food, groceries, and household items. Its primary business model is a B2C marketplace that connects restaurant and merchant partners, enabling customers to find and purchase a variety of products. Swiggy handles order fulfillment through delivery, reservations, payments, and generating leads for its partners. The company operates across five main segments: (i) Food Delivery, (ii) Out-of-home Consumption, encompassing dining and events, (iii) Quick Commerce, which provides on-demand delivery of groceries and household goods, (iv) Supply Chain and Distribution, focusing on B2B services, logistics, and warehousing for wholesalers and retailers, and (v) Platform Innovations, introducing initiatives like Swiggy Genie and Swiggy Minis. The Swiggy platform supports restaurant reservations through Dineout and event bookings via...

Sensex drops by 663 points, while Nifty declines by 0.9%. Indices declined for the fifth consecutive session on Friday, approaching two-and-a-half-month lows due to ongoing selling by foreign portfolio investors (FPIs), disappointing second-quarter earnings, and increasing U.S. treasury yields. In October, foreign portfolio investor (FPI) selloffs in the cash market surpassed ₹1 lakh crore for the first time in a month, according to provisional data. Year-to-date, investors have sold shares worth over ₹2.2 lakh crore. Contributing factors include high valuations, disappointing domestic earnings, and the trend of "Buy China, Sell India." Meanwhile, foreign fund inflows into China have continued for five consecutive weeks, totaling $576 million. This is significantly lower than the $2.2 billion seen the previous week and $9.3 billion the week before, as reported by Elara Global Research. In contrast, fund flows into India have slowed considerably, with a modest outf...

Selling pressure on Dalal Street escalated during Friday's session, pushing benchmark indices down over one percent. This week has seen the Nifty 50 index drop nearly 3%, with broader markets experiencing even steeper declines. The Sensex fell by 687 points, or 0.85%, to 79,370, while the Nifty dropped 261 points, or 1.07%, to 24,138.25 shortly after noon. This marked the fifth consecutive decline for both indices, attributed to weak earnings reports, ongoing foreign institutional investor (FII) outflows, and uncertainties surrounding the US elections. The market sentiment remains bearish, impacted by continued FII selling, disappointing Q2 results, and various global concerns contributing to the sustained selloff. Foreign institutional investors (FIIs) continued to offload their holdings, negatively impacting market sentiment. On October 24, they sold equities worth Rs 5,062 crore, contributing to a total selling spree of nearly Rs 1 lakh crore this month. This wave of...

The renewable energy landscape is undergoing rapid change, and one of the most eagerly awaited events is the upcoming IPO of Warree Energy. As the global focus shifts toward sustainable energy solutions, Warree Energy is emerging as a significant player in this transition. This post will delve into what Warree Energy offers, the significance of its IPO, and why it should capture the attention of investors. Introducing Warree Energy Warree Energy is a prominent company in the renewable energy sector, specializing in solar and wind energy solutions. With a strong commitment to sustainability and innovation, Warree seeks to deliver clean, dependable energy while minimizing environmental impact. The company has achieved considerable progress in developing efficient energy systems and forming strategic partnerships that bolster its market position. Established in 1990, Waaree Energies is a frontrunner in India's solar module manufacturing industry, boasting an installed capa...

Hyundai Motor India Ltd is set to launch a $3 billion initial public offering, which will be the largest in the country to date. According to sources, the IPO is expected to open for subscriptions on October 14, with the price range to be revealed by the middle of next week.  Hyundai Motor India Ltd, the Indian subsidiary of the the South Korean automotive company Hyundai. This IPO will mark the largest in India since the Rs 21,000 crore IPO of LIC. The subscription period is planned for October 14 to 16, although these dates could change depending on market conditions, especially in light of the escalating conflict in the Middle East. Hyundai Motor has set its IPO price band between ₹1865 and ₹1960 per share. Retail investors need to invest a minimum of ₹13,720, which corresponds to the minimum lot size of 7 shares. For small non-institutional investors (sNII), the minimum investment is 15 lots (105 shares), totaling ₹205,800. For big non-institutional investors (bNII)...

Discover 5 effective investment strategies for beginners. Learn how to start building wealth today! Did you know that you could start investing with as little as $5? That's right, the days of needing a hefty sum to dip your toes into the stock market are long gone. So, if you've been putting off investing because you thought you needed a small fortune to get started, it's time to think again. Let's dive into the world of investing and explore some strategies that could help you build wealth, even if you're just starting out. Understanding Your Investment Goals and Risk Tolerance Before we jump into the nitty-gritty of investment strategies, let's talk about you for a moment. What are your financial dreams? Maybe you're saving up for that dream house, planning for a comfortable retirement, or hoping to fund your kid's college education. Whatever your goals, they're going to shape your investment approach. And here's something else to p...