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News
RentoMojo’s Post-IPO Test: Can The Flywheel Keep Going?
2+ day ago (1161+ words) RentoMojo’s blockbuster IPO reflects investor confidence in its asset-heavy rental model, but the bigger test is whether utilisation and redeployment can sustain profitable growth One blockbuster listing after another is keeping India’s startup IPO market buzzing. After Shiprocket’s strong debut…...
Fintech Stocks Rally On Report Of 40 Basis Point MDR On UPI, Paytm Touches 52-Week High
3+ day, 2+ hour ago (496+ words) The proposal could unlock a revenue stream of around ₹5,000-10,000 Cr for payments platforms like the four aforementioned companies, per an earlier research note by Jefferies MDR fees are likely to be set at around 40 bps of the transaction value for…...
Another Day, Another Upper Circuit: ESDS Now Up 269% From IPO Price
4+ day, 5+ hour ago (538+ words) ESDS Software Solution hit the 10% upper circuit for the fifth consecutive trading session today, with the stock touching ₹1,582.70 on the NSE The rally has taken ESDS nearly 3.7X its ₹429 IPO price within five trading sessions and pushed the stock beyond Choice…...
[Update] RentoMojo IPO Subscribed 1.42X On Day 1
5+ day, 3+ hour ago (683+ words) The issue crossed full subscription on Day 1, led by NIIs and retail investors, even as demand from QIBs remained subdued The NII portion was subscribed 2.46X, followed by the employee and retail portions at 1.72X and 1.54X, respectively Update| September 9, 17:00 IST Online furniture…...
LOHUM Begins Lithium Mining Operations In Zimbabwe
5+ day, 14+ min ago (487+ words) LOHUM dispatched its first tranche of lithium ore from Zimbabwe, becoming the first Indian company to launch overseas lithium mining operations The development could accelerate India’s attempt to break its near-100% reliance on imported lithium-ion batteries, in line with the…...
ESDS Touches Upper Circuit For The Fourth Consecutive Trading Session, Stock Skyrockets 3.3X IPO Price
5+ day, 4+ hour ago (534+ words) Riding the bulls since listing last Friday, stock of enterprise cloud and AI company ESDS Software Solution hit an upper circuit of 10% for the fourth consecutive session today, taking the stock to more than three times its IPO issue price....
SEBI Extends Accredited Investor Compliance Timeline For Angel Funds Till March
6+ day, 3+ hour ago (510+ words) SEBI has extended the deadline for existing angel funds to comply with its accredited investor mandate to March 31, 2027, from September 8, 2026 The extension gives legacy angel funds more time to transition their investor base without immediately losing access to contributions from…...
Dronetech Startup AITMC’s FY26 Profit Remains Flat At ₹14.2 Cr, Revenue Up 26%
1+ week, 14+ min ago (99+ words) AVPL International pre-filed DRHP for ₹200 Cr IPO in October last year. Although the SEBI gave its nod to the public listing in January, AVPL is yet to file its updated IPO papers Dronetech startup AVPL International parent AITMC Ventures reported…...
Upstox Launches US Stock Investing After IFSCA Nod
1+ week, 3+ hour ago (548+ words) Upstox has launched US stock investing on its platform, offering access to more than 8,000 US-listed stocks and over 2,000 ETFs The launch expands Upstox’s wealth management play as leading domestic brokerages prepare to offer international investing through GIFT City Users can…...
Pernia’s Pop-Up Shop Parent Purple Style Labs Lists At 7% Discount
1+ week, 10+ hour ago (118+ words) Purple Style Labs listed at ₹535 on the NSE, a discount of 6.96% to its IPO issue price of ₹575. The weak debut follows muted demand for the loss-making luxury fashion company’s ₹680 Cr IPO, which was subscribed just 1.29X. On the BSE, Purple Style…...