Markets

Shiprocket IPO Smashes Expectations: Retail Roars as E-commerce Giant Achieves Full Subscription on Day Two The e-commerce logistics platform, Shiprocket, has seen a major rally in investor sentiment following its initial public offering (IPO). The issue was fully subscribed by 10:30 am on August 13, according to data from the NSE. This strong performance signals significant market confidence in the growing fintech and supply chain sector.The successful subscription was driven primarily by retail and non-institutional investors. Retail investors’ reserved portion of the issue was subscribed at an impressive 4.57 times. The non-institutional investor (NII) category also showed robust demand, being subscribed 1.79 times.Subscription...

SBC Exports Limited Announces Q1 Financial Results and Terminates Preferential Allotment Plan SBC Exports Limited reported its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company also confirmed the withdrawal of a previous resolution concerning the issuance of equity shares to promoters and the promoter Group through the conversion of unsecured loans.The Board of Directors considered and approved the financial results, which were reviewed by independent auditors and reviewed against the framework set by Indian Accounting Standards (Ind AS).Financial Performance Highlights (Standalone) For the quarter ended June 30, 2026, SBC Exports Limited reported total income of 10,979.79...

Marquee Investors Face Zero Gains on Blackstone-backed Horizon Industrial Parks Pre-IPO Investment A consortium of marquee investors, including billionaire Radhakishan Damani and SBI Life Insurance, are currently facing negligible returns on their pre-IPO investments in Horizon Industrial Parks. These high-profile participants entered the company eight months ahead of its planned share offering, only to find that their holdings offer near-zero gains as the IPO approaches.Horizon allotted 275.87 million shares to 25 key investors on December 26, generating approximately ₹1,650 crore in capital during the pre-IPO round. The company has since set a price band of ₹57–₹60 per share for its upcoming initial public offering (IPO).Limited...

Dilip Buildcon Limited Announces Book Closure and Record Date for Annual General Meeting Dilip Buildcon Limited has announced the book closure period and the official record date related to its upcoming 20th Annual General Meeting (AGM). The company specified that the Register of Member and Share Transfer Books will be closed from Wednesday, September 16, 2026, through Tuesday, September 22, 2026.The closure period is designated for taking the record of members of Dilip Buildcon Limited. This process is necessary for determining the shareholders who are entitled to receive a dividend, should it be declared at the company's AGM. The 20th Annual General Meeting is scheduled to take place on September 22, 2026.For the purpose of...

Megastar Foods Limited Approves Q1 Financial Results, Announces 15th AGM Megastar Foods Limited has announced the approval of its Un-audited Standalone and Consolidated Financial Results for the Quarter (Q1) ended June 30, 2026. The results were reviewed by the company's Audit Committee and subsequently approved by the Board of Directors at a meeting held on August 12, 2026.The company also scheduled its 15th Annual General Meeting (AGM) for Wednesday, September 23, 2026, which will be conducted via video conferencing or other audio-visual means. The cutoff date for members to determine eligibility for remote e-voting at the AGM is set for Thursday, September 17, 2026.Financial Performance Highlights The company's financial results...

GMR Airports Limited Posts Qended June 30, 2026 Results; Board Approves Massive Funding Capacities GMR Airports Limited (GAL), formerly known as GMR Airports Infrastructure Limited, has released its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved several enabling resolutions related to future capital raising and debt refinancing opportunities.The Company's operations involve designing, building, and operating airports in India and overseas, with the Group being engaged in various airport projects globally.Financial Performance Summary (Qended June 30, 2026) The results reflect varied performance across the consolidated entity and specific subsidiaries...

Balu Forge Industries Posts Strong Q1 FY27 Results, Reports Revenue Growth and Aerospace Milestone Balu Forge Industries Limited (BFIL), a leading precision engineering and manufacturing company, has announced its unaudited financial results for the quarter ending June 30, 2026. The performance showcased significant year-over-year growth across key financial metrics as the company continues to scale operations within high-value technology segments.The consolidated Q1 FY27 saw Revenue from Operations reach Rs. 3,007 Mn. EBITDA stood at Rs. 848 Mn, while Profit After Tax (PAT) was reported at Rs. 661 Mn.Consolidated Financial Performance:MetricQ1 FY27Q1 FY26Y-o-Y Growth (%)Q4 FY26Q-o-Q Growth (%)Revenue from Operations3,007...

Promoter Group Members Announce Shareholding Changes in Sumeet Industries Limited Sumeet Industries Limited has seen multiple changes in securities holdings by members of its Promoter Group as reported on the National Stock Exchange (NSE). The transactions involve various entities within the promoter group across both purchases and sales of equity shares, according to data intimated on August 12, 2026.The reporting details cover distinct transactions involving different promoter entities, showing changes in their respective shareholding percentages and corresponding security acquisitions or disposals.Acquisitions and Disposals by Promoter Group Entities Changes in holdings were reported for several key members of the Promoter Group...

Apollo Hospitals Reports Strong Q1 FY27 Results, Highlights Strategic Expansion and Clinical Excellence Apollo Hospitals Enterprise Limited delivered a strong start to the financial year, reporting consolidated revenue growth and significant expansion momentum. The results for the first quarter (Q1) of Financial Year 2027 reflected robust performance across various healthcare segments, supported by strategic initiatives and expanded hospital capacity.The company reported consolidated Q1 FY27 revenue at Rs. 7,043 Crore, marking a 21% year-on-year growth compared to the same quarter in Q1 FY26. Consolidated EBITDA reached Rs. 1,092 Crore, up from Rs. 852 Crore in Q1 FY26. The reported Profit After Tax (PAT) stood at Rs. 581 Crore."Q1...

Shah Alloys Limited Reports Q1 Results Amid Strategic Realignment and Plant Closure Assessment Shah Alloys Limited (SHAHALLOYS) has reported its un-audited standalone financial results for the quarter ended June 30, 2026. The Board of Directors reviewed these outcomes, alongside significant strategic decisions concerning the company's Iron & Steel plant operations and its immovable assets.The Company’s management continues to pursue various strategic alternatives following a review by the Audit Committee. These initiatives include exploring opportunities for the existing steel plant undertaking and monetizing the company’s land and buildings.Financial Performance Highlights (Quarter ended June 30, 2026) For the quarter ended June...

La Opala RG Limited Reports Q1 FY27 Results with Revenue and Profit Growth La Opala RG Limited has released its Investors' Presentation for the first quarter of Fiscal Year 2027 (Q1 FY27), highlighting steady growth across operational capacity and financial performance. The company, a pioneer in opal and crystal glass technology in India, reported significant revenue increases while maintaining strong profitability margins.Operational Scale and Reach La Opala maintains a robust operational footprint with three manufacturing facilities spanning both opalware and crystalware production. The company has an established presence through 265 distributors and over 23,000 dealers across India, alongside international presence in more than 40...

Muthoot Fincorp Files for Massive ₹30 Billion IPO in Mumbai, Targeting Capital Infusion Indian non-banking financial giant Muthoot Fincorp has formally filed a prospectus seeking an Initial Public Offering (IPO) of ₹30 billion. The filing was made in Mumbai and outlines the company's ambition to tap public markets for significant capital infusion.The draft prospectus, dated Wednesday, confirms that the company is seeking this funding through the IPO process. This move marks a major milestone as Muthoot Fincorp transitions towards enhanced public listing capabilities.Key Details of Muthoot Fincorp's IPO Filing Muthoot Fincorp aims to raise a total amount of ₹30 billion in the offering. Financially, this translates to approximately...

Peninsula Land Reports Quarterly Results: Consolidated Revenue Stands at Rs 2,639 Lakhs for Quarter Ended June 30, 2026 Peninsula Land reported its unaudited financial results for the quarter ended June 30, 2026. The company’s performance was reviewed by the Audit Committee of the Board and subjected to review by statutory auditors. The results reflect both consolidated and standalone figures.Consolidated Financial PerformanceThe Group recorded a Total Income of Rs 2,639 lakhs for the quarter ended June 30, 2026, with Revenue from Operations totaling Rs 2,340 lakhs. Other Income stood at Rs 299 lakhs.Total Expenses for the quarter amounted to Rs 3,407 lakhs. This included Realty cost incurred of Rs 915 lakhs and Employees Benefits...

Arvind reports record revenue growth as EBITDA jumps 39% in Q1 FY27 Arvind Ltd., a leading textile, apparel, and technical textile company, announced its unaudited financial results for the first quarter of fiscal year 2026-2027 (Q1 FY27) on August 12, 2026. The results reflect continued strong demand scenarios across key business segments, resulting in record revenue and significant EBITDA growth despite evolving geo-economic developments and input cost pressures.The company recorded consolidated revenue of ₹2,501 Cr and an EBITDA of ₹258 Cr for the quarter, marking a 25% increase in revenue and a 39% rise in EBITDA year over year (YoY). The EBITDA margin improved by approximately 100 basis points (bps) to 10.3%.Key Financial...

Shree Tirupati Balajee Agro Trading Announces Book Closure for 25th Annual General Meeting Shree Tirupati Balajee Agro Trading Company Limited has announced the book closure of its registers in preparation for the 25th Annual General Meeting (AGM) of its members. The company is scheduled to hold the AGM on September 30, 2026.The Register of Members and Share Transfer Books of the company will remain closed from Thursday, September 24, 2026, through Wednesday, September 30, 2026. This book closure is specifically for the purpose of conducting the 25th Annual General Meeting. The meeting is scheduled to be held at 11:30 A.M. and will take place via Video Conferencing (VC) or other Audio Visual Means (OAVM).The company, which...

Aurionpro Secures INR 100 Crore Order to Build AI-ready Data Centre Infrastructure for Global Hyperscaler Aurionpro Solutions Limited has secured a significant new order from a global hyperscale data centre operator, valued close to INR 100 Crores. The contract involves building and project-managing the digital infrastructure for the customer's upcoming AI-ready data centre located in Navi Mumbai, Maharashtra, India.This latest win substantially expands Aurionpro's existing partnership with the global hyperscaler and reinforces its status within the rapidly growing data centre market. The order reflects the customer's confidence in Aurionpro’s execution expertise and technology capabilities, particularly within the emerging AI-ready...

Supreme Engineering Limited's CIRP Terminated Following Settlement Reached with Creditors Supreme Engineering Limited has been taken out of the Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal (NCLT), Mumbai Bench, allowed an application to withdraw the proceedings due to a settlement being reached between the company and the parties involved.The NCLT order, dated August 6, 2026, confirmed that the CIRP against Supreme Engineering Limited stands withdrawn and terminated. This decision followed the acceptance of a settlement concerning the ongoing insolvency matter.As part of the court's directive following the termination of the process, the Resolution Professional has been instructed to hand...

Indian Hume Pipe Co. Ltd. Reports Q1 FY26 Results; Net Profit Stands at 7.78% Amid Strong Margins The Indian Hume Pipe Company Limited announced its un-audited financial results for the quarter ended June 30, 2026, noting that operations remained similar to those of the corresponding quarter in the previous year. The company maintained robust operating margins driven by strong demand for its manufacturing products.A snapshot of the highlights of the company's performance across key metrics is detailed below:ParticularsQuarter ended June 30, 2026Quarter ended June 30, 2025Revenue from Operations302.81 INR Crores307.43 INR CroresOther Income16.97 INR Crores (5.60%)11.87 INR Crores (3.86%)Total Revenue319.78 INR Crores...

Milky Mist IPO Surges to Over 2.5x Subscription as Grey Market Premium Hints at High Listing Gains The Initial Public Offering (IPO) of Milky Mist Dairy Food continues to attract significant investor interest, reporting a subscription rate of 2.58 times as of 10:15 am on August 13. The Rs 1,553-crore issue saw strong demand from various investor categories during the final day of bidding.The IPO received bids for 21,09,39,693 equity shares against 8,17,98,244 shares available for subscription. Non-institutional investors (NIIs) were the primary drivers of demand in the market. The retail investor category also showed robust interest, contributing to the issue's overall success.Demand Dynamics and Listing Potential Market tracking...

SPML Infra Posts Strong Q1 FY27 Results: Revenue Jumps 74%, PAT Rises 87% SPML Infra Limited, a major player in India's Water and Energy infrastructure sector, announced robust financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), demonstrating significant year-on-year growth across its core business segments. The company reported substantial increases in revenue, EBITDA, and profit after tax (PAT).The company’s performance highlights are summarized below:MetricQ1 FY27 ResultYear-on-Year ChangeRevenue3286 croreUp 74%EBITDA328 croreUp 81%PATX22.7 croreUp 87%EBITDA Margin9.9%Improvement from 9.5% in Q1 FY26Execution and Revenue Growth SPML Infra delivered strong financial growth, with revenue...