Profit by knowlytics
Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
Jaipur’s Advit Jewels is experiencing a robust IPO debut, with investor demand surging on day one, leading to a 6.75 times subscription. The handcrafted jewellery firm’s public issue is attracting significant interest from retail and non-institutional investors, bolstered by a strong grey market premium. Proceeds will bolster working capital and reduce debt, aiming for enhanced…
While Reliance Industries remains firmly in control with a 66.43% stake, the shareholder register reads like a who’s who of global technology, private equity and sovereign wealth investors, including Meta, Google, Saudi Arabia’s Public Investment Fund, KKR, Vista Equity Partners, Mubadala, General Atlantic, ADIA and TPG.
Reliance Industries is charting a new course to boost its stock for 44 lakh investors, moving beyond a potential Jio IPO. Billionaire Mukesh Ambani has unveiled five key growth drivers, including revitalizing the O2C business, scaling up new energy ventures, building India’s AI backbone, expanding FMCG operations to a Rs 1 lakh crore target, and…
In a post on X, formerly Twitter, Kamath described NSE as a “cash generation and distribution machine”, noting that the exchange earned more than Rs 10,300 crore in profit in FY26 and distributed about Rs 8,660 crore as dividends, translating into a payout ratio of 84%.
The BSE SME issue closed on June 25, while the shares are scheduled to list on July 1. The IPO is priced at Rs 196 per share and comprises a combination of a fresh issue worth Rs 26.65 crore and an offer for sale (OFS) of Rs 5.34 crore, taking the total issue size to…
The IPO comes at a time when Jio’s operating performance remains robust. For the March quarter of FY26, the telecom giant reported a 13% year-on-year increase in operating revenue to Rs 44,928 crore, while net profit rose 13% to Rs 7,935 crore. EBITDA grew 18%, aided by a 230 basis-point expansion in operating margins.
Waterways Leisure Tourism, operator of Cordelia Cruises, is launching its IPO on June 23, aiming to raise Rs 585 crore. The company, India’s leading domestic cruise operator, plans to use funds for fleet expansion and vessel acquisition. Despite a dominant market share, a low grey market premium suggests modest listing expectations. Investors with a long-term…
Jio Platforms’ upcoming IPO is priced at a premium, reflecting its market leadership and advanced 4G/5G network. Despite smaller revenues than global giants, Jio commands a higher valuation. The company plans to raise over $4 billion, with an anticipated market cap of ₹12-14 lakh crore. While Jio shows strong customer growth and data traffic, Bharti…
The NSE SME issue will remain open for bidding till June 25. The company aims to raise Rs 30.68 crore through an entirely fresh issue of 57.88 lakh shares. The price band has been fixed at Rs 51-53 per share, and the shares are scheduled to list on the NSE SME platform on July 1.
SBI Funds Management, India’s largest mutual fund house, has secured SEBI’s nod for its upcoming Initial Public Offering, expected to launch early in July. The public issue will be an Offer for Sale, with existing shareholders State Bank of India and Amundi India divesting a portion of their stakes. This move signals a significant step…