Shvash Tantra

After a quiet week, the primary market is set to see a lot of action starting from November 4, with four big IPOs launching, including the highly anticipated Swiggy IPO. Alongside these, there will be one public issue from the SME segment. This optimism comes despite Dalal Street experiencing a bearish phase since October. The benchmark Nifty 50 index has dropped 7.5% from its September 27 peak, affected by weaker-than-expected September quarter earnings, foreign investment shifting from India (due to high valuations) to cheaper markets like China, and geopolitical tensions in the Middle East. Despite the downturn, six mainboard companies, including Hyundai Motor India’s big IPO, closed successfully in October, raising a total of Rs 38,700 crore. November is expected to be similar, as Swiggy’s IPO, the second-largest IPO of this year, is set to open next week and is expected to give a strong start to the new trading year, Samvat 2081. In Samvat 2080, 85 companies in the mainboard segme...

Waaree Energies Shares to Debut on October 28 One big reason for investor interest in Waaree Energies' IPO is the incredible performance of its listed subsidiary, Waaree Renewable Technologies Ltd. This stock has gained over 59,000% in the past five years. Waaree Energies IPO Waaree Energies' IPO recently closed after a strong response, with the offering oversubscribed 76.34 times in three days. It received a record 9.7 million applications, the most for any book-building issue to date. Subsidiary Performance and Business Model Waaree Renewable Technologies, listed on the BSE SME platform since 2012, has seen its stock rise by over 52,470% since its debut. Its recent high returns make it attractive to investors, although it has had some recent declines. This company focuses on solar projects, offering services in financing, construction, and operating solar solutions for residential, industrial, and commercial clients, both on-site and through large off-site farms. Financials I...