IPO BAZAAR
A dozen consumer companies line up IPOs amid a thriving stock market
India's primary market anticipates a dozen consumer-facing companies to launch IPOs this year to capitalize on market potential. Companies like Coca-Cola's bottling partner HCCB, CG Foods, Allied Blenders & Distillers, Urban Tots, Cremica Food, Patel's R Mart, PNG Jewellers, Baazar Style Retail, Unicommerce eSolutions, One Mobikwik Systems, and Swiggy are among those planning IPOs.
Infibeam Avenues reports 55% jump in profits at Rs 147 crore for FY24
Infibeam Avenues, the Ahmedabad-based company behind CCAvenue payment gateway and BuildaBazaar enterprise software, saw its annual revenue soar by 61% to Rs 3,171 crore in FY24, compared to Rs 1,962 crore the previous year. Profit after tax also jumped significantly, rising 55% to Rs 147 crore from Rs 94.6 crore.
IPO-bound BankBazaar.com reports 36% revenue growth in FY24, losses nearly flat
To fuel its growth requirements, the company has secured over Rs 50 crore in two independent debt financing rounds led by Tata Capital and Nuvama Asset Management. BankBazaar, which has raised around $116 million in equity so far, is also in the process of raising another round of equity in the ongoing Series D2 round.
Reddit, the self-anointed the 'front page of the internet,' set to make its stock market debut
Reddit's IPO at $34/share on NYSE as 'RDDT' marks a significant milestone for the platform, attracting notable investors and focusing on revenue generation through various channels amidst a backdrop of challenges and past controversies.
Rekha Jhunjhunwala-backed Baazar Style Retail files IPO papers with Sebi
Baazar Style Retail, supported by Rekha Jhunjhunwala, files DRHP for IPO including an equity sale and OFS. It focuses on value retail markets in various states, offering a mix of private label and third-party brands.
Mubadala leads Rs 1100 crore funding round in Avanse
Avanse is the second largest domestic private sector NBFC in the education loan segment with assets under management (AUM) of Rs 8,646 crore in FY23. The firm's total disbursement in FY23 stood at Rs 6,143 crore, a 2.1x increase over the previous financial year. The company has disbursed loans to over 3.5 lakh students and provided working capital to 1200 institutions.
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Yashish Dahiya on 3 factors will lead to higher profitability for PB Fintech looking ahead
Yashish Dahiya of PB Fintech, discusses the contribution margin and EBITDA margin of the business. He highlights the significance of renewals and the higher margin they bring compared to fresh business. Dahiya also mentions the impact of ESOPs and the company's strategic focus on expanding services and controlling more of the value chain. He mentions investments in Visit Health and the company's plans for account aggregation, payment aggregation, and reinsurance brokerage.
Policybazaar shares cross IPO price after 2 years, jump 14% on first-ever profit
Policybazaar share price: PB Fintech's first-ever profit catapulted its stock to a fresh 52-week high. Target price upgrades served as the icing on the cake. BofA raised the target, retaining its neutral rating. Kotak Institutional Equities maintained a buy view relying on broad-based growth. Nuvama raised the price target but retained the 'reduce' rating on rich valuations. PB Fintech reported a consolidated net profit of Rs 38 crore, against a loss a year ago. Revenue increased 43% YoY to Rs 871 crore.
SoftBank fully exits Policybazaar parent, fetching $650 million in returns
SoftBank had invested close to $200 million in PB Fintech and sold its remaining stake in a mid-December transaction for about Rs 914 crore (or $109 million).
Sandip Sabharwal on where to deploy money as a market correction may be imminent
Sandip Sabharwal says: In OMCs, the entire story will just go awry if just before elections, ther are forced to cut prices by Rs 5-10. Now that they have hit a 52-week high, all those investors who got in early and are making good profits, should be trimming positions rather than getting excited and getting in now.”
Should you join the IPO rush? A simple guide for the savvy investor
There are 77 companies lined up, waiting to launch their IPOs. Of these, 29 have already got the go-ahead, and others are waiting for approval. We expect to see about 14 new companies on the stock market soon. This busy time in the market is probably because more people are buying things, businesses are using their full potential, and generally, people are feeling good about spending money.
India's IPO Boom: A sign of vibrant markets and growing investor confidence
Notably, almost 50% of IPOs have been primary tranche issuances, signaling that companies are raising fresh capital to expand their businesses or pay off debt. This demonstrates promoters' confidence in the future prospects of their companies and their belief in the ability of the Indian market to fund their growth aspirations.
New patterns coming up in India and we have to predict those to make money: Pashupati Advani
“The equipment manufacturers are definitely there, the cement is also seeing some life, steel is seeing some life because these are all essential ingredients for any kind of construction and that is the sector I have been looking at and I have nibbled at over the last three, four months.”
Paytm, Zomato, PolicyBazaar can be the next Reliance, Titan or Asian Paints. Here’s why
"Paytm, Zomato, PolicyBazaar, Nykaa are entrepreneur driven companies and in India, you make a lot of money if you bet on the right entrepreneur, as we have seen with Reliance Industries, Asian Paints or Titan, for that matter, the Tata Group companies. These companies have all the right ingredients for a multibagger. If you remain patiently invested at some point of time, positive news flow will drive the stock prices higher."
What could be the next mega trend in the market? Raamdeo Agrawal answers
According to Raamdeo Agrawal, Chairman of MOFSL, pure internet companies such as Zomato, Swiggy, and PolicyBazaar can become large players in terms of profit pool. Companies like Bajaj Finance, Zerodha, and Angel One, which are traditional businesses leveraging the power of technology, are also poised for accelerated growth. Another area for growth is the real estate industry, which is showing profits after years of losses.
BankBazaar.com hopes to breakeven this fiscal; to file DRHP for IPO next year
The company expects to soon launch co-branded credit cards on UPI, he said, adding that this is going to accelerate revenue as demand for credit is high.Besides, he said, targeted no-cost EMIs every month are going to add to topline and the company is set to push revenue to over Rs 250 crore in FY24 with profit
No reason to invest in cement stocks at these levels: Anand Tandon
I think the cement sector itself one should be underweight on. There are only two levers, your volume grows up or your prices go up. Volumes are not growing as much as people would expect given the kind of capacity that is coming up. So with that capacity you will automatically have to reduce or not be able to increase prices as much.
Dipan Mehta on why Page Industries is falling & what could be the multibaggers in next 7-8 years
Elixir Equities Director, Dipan Mehta, argues that new age companies such as Zomato, Policy Bazaar, Nykaa, and Paytm are stocks of the decade of the 2030s and could be huge multibaggers over the next 5-10 years. However, these companies are still in their investment phase, which reflects in their P&L, although they are making strong efforts to get into EBITDA positive. Regarding concerns about Page's decline, Mehta suggests that a demand slump due to higher inflation and uncertainty around weather patterns may have impacted Page industries.
Infosys and HCL were startups in 1984; giant companies of tomorrow are startups of today: Sanjeev Bikhchandani
"As long as we believe there is a future and there is growth and I see no reason to sell unless we need the money for something else. But obviously, we discussed with the board but there is no announcement we made here on this account but I do believe that if there is growth, we should stay."
Valuations of Indian market are pricey not expensive: Vikas Pershad
If I look at what could be the class of maybe 2024 or class of 2025 IPOs, the companies that we are looking at today are very exciting and there is a high probability that we allocate capital there.
Hot Stocks: Brokerages on Aurobindo Pharma, M&M, PolicyBazaar and Delhivery
Morgan Stanley maintained its overweight stance on Policy Bazaar with a target price of Rs 705. “The company reported a good set of numbers for Q3. It is among the preferred plays in the insurance sector,” said the note.
GENLEAP concludes pre-series A round of Rs 27 crore
This round follows the earlier Rs 60 Crores ($7.4 million) seed round raised in 2021.
Kotak Pre-IPO fund buys minority stake in stent maker SMT
The Rs 2,000-crore Kotak fund, an India-focused late-stage alternative investment fund (AIF), primarily focuses on investments in late-stage companies. Investors in the fund as its limited partners include family offices such as Catamaran of Infosys cofounder NR Narayana Murthy, and Skywalker of Rubamin group.
Arms companies make a killing in world bazaar
The Russia-Ukraine crisis and the rise of a militarily aggressive China has spurred weapons sales - be it European nations shoring up defences, Japan and India countering expansionist moves by their giant neighbour, or the middle east battling interstate rivalries.
Pre-IPO lock-in of 14 companies to expire in 2022; analysts remain positive on major players
The list includes startup players and traditional businesses from financial services, industrial mining, speciality chemicals, pharmaceuticals, real estate
BankBazaar.com to turn profitable in FY23; to go for IPO by next calendar: Founder CEO Adhil Shetty
"We are happy that we are growing profitably and we have delivered 85 per cent year-on-year top line growth in Q2FY23. We had annualised revenue of Rs 170 crore (up by 85 per cent from a year ago) in Q2 and in August and September, both the months, we were EBITDA positive.
Sebi plans tougher disclosure norms for new-age companies' IPOs
In the discussion paper, Sebi observed that the current IPO rules only require companies to disclose 'traditional parameters' such as key accounting ratios. However, since the new-age companies are usually loss-making, the regulator felt there was need for additional disclosures.
PolicyBazaar IPO changes; EV financing on the rise
Today, PolicyBazaar’s parent company becomes the third Indian tech startup to tap the public markets after Zomato and Nykaa. We’ve got all the details of its IPO, including news that the founders will sell far fewer shares than they had originally planned to.
PB Fintech covers a growing bazaar, look for a long-term play
PB Fintech, which owns the online insurance policy platform Policybazaar and online lending platform Paisabazaar, plans to raise Rs 3,750 crore through fresh issue of shares and up to Rs 1,960 crore through offer for sale.
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