SEBI Tightens SME IPO Rules

Here’s what’s changing:

🔹 SMEs must show profitability (₹1Cr EBITDA in 2/3 years)
🔹 Selling cap: Promoters can’t exit too fast (Max 20% OFS, phased lock-in)
🔹 Retail investors protected: Min 2-lot application, stricter fund use
🔹 Transparency boost: 21-day DRHP comments, QR code access
🔹 No forced main-board move if SEBI rules are followed

SME IPOs raised ₹8,700Cr in 2024—SEBI wants only quality companies to go public.

NSDL IPO expected to open 26 March to 28 March 2025

BCCI’s Massive 2024 Haul: Rs 4200 Crore Profit!
In 2024, the cricketing giant raked in a staggering profit of Rs 4200 crore, boosting its cash reserves to an eye-popping Rs 20,686 crore (as per PTI reports).

Fueled by record IPL viewership and blockbuster media rights deals—like the Rs 48,390 crore IPL media rights secured in 2022—this isn’t just a win on the pitch, it’s a financial home run!

Imagine if BCCI is listed on the stock market today. With a net worth hovering around $2.25 billion (Rs 18,760 crore as of FY 2023-24), it’d give many top businesses a run for their money. For context, Cricket Australia (CA) sits at Rs 658 crore, ECB at Rs 492 crore, and PCB at Rs 458 crore—combined, they’re not even half of BCCI’s 2024 earnings! Its market cap could rival giants like Infosys (Rs 6.2 trillion in FY 2024) in growth potential, thanks to cricket’s unmatched popularity in India.

BCCI isn’t just the king of cricket—it’s a great buisness model.

IPL Media Rights

👑 2008 - 2017: Sony - ₹8200 crore
👑 2018 - 2022: Star - ₹16,347 crore

👑 2023 - 2027: Jio & Times - ₹48,390 crore

⭐ Companies with debt reduction

1 DCX Systems
2 Flair Writing
3 Krsnaa Diagnostics.
4 Som Distilleries
5 Aeroflex
6 Vidhi Specialty
7 IKIO Lighting
8 Ideaforge Tech
9 Paramount Comm.
10 Ideaforge Tech
11 Suraj Estate
12 Amic Forging
13 Khazanchi Jewell
14 Bio Green Papers
15 Sathlokhar

𝐓𝐡𝐞 𝐌𝐨𝐭𝐢𝐥𝐚𝐥 𝐎𝐬𝐰𝐚𝐥 𝐌𝐢𝐝𝐜𝐚𝐩 𝐅𝐮𝐧𝐝!📊

Top 10 Stocks!🎯

1- Coforge
2-Persistent Systems
3- Kalyan Jewellers India
4- Polycab India
5- Trent Limited
6- Max Healthcare Institute
7- One 97 Communications
8- Dixon Technologies (India)
9- Bharti Hexacom
10-KEI Industries

MTNL have defaulted Loan amount of ₹8,346 Crore with 7 Public Banks- UBI, SBI, PNB, IOB, P&S, UCO and BOI.

💡 Top Dividend Stocks in India

1. Indian Oil (CMP: 134) 8.7%
2. Vedanta (CMP: 400) 7%
3. Coal India (CMP: 390) 6.4%
4. BPCL (CMP: 298) 5.2%
5. ONGC (CMP: 243) 5%
6. TCS (CMP: 3290) 3.8%
7. REC (CMP: 428) 3.7%
8. Power Grid (CMP: 308) 3.6%
9. HCL Tech (CMP: 1430) 3.6%
10. ITC (CMP: 428) 3.2%
11. PFC (CMP: 423) 3.2%
12. BOB (CMP: 240) 3.1%
13. Infosys (CMP: 1420) 3%
14. Hindustan Zinc (CMP: 440) 3%
15. GAIL (CMP: 187) 2.9%
16. Union Bank (CMP: 126) 2.8%
17. Tech Mahindra (CMP: 1300) 2.8%
18. Tata Steel (CMP: 137) 2.8%

Eversource Capital in Advanced Talks To Acquire BluSmart For ~850 Crores

Eversource Capital, The JV Between Everstone Capital and UK's Lightsource bp, has reportedly made non-binding offer valued at ~850 Cr to acquire the Gensol-owned Mobility Startup

As Per Reports, Eversource has put up a condition that cofounders Anmol Singh Jaggi and Puneet Singh Jaggi would have no roles and they move out of the EV ride-hailing startup

Eversource Capital intend to start BluSmart's Operations at the earliest, The PE Firm has offered to Aquire all the liabilities, past salary clearances and other dues

If the Aquisition Fructifies, the PE Firm Plans to Merge BluSmart with its portfolio startup Lithium Urban Technologies and infuse ~100 Mn in the combined entity post Merger

BluSmart, lastly Valued at ~2850 Crores, Attracted high-profile investors including Softbank, Kotak Mahindra Bank, Blacksoil,
BP Ventures, Stride Ventures, Panthera Capital, responseAbility, Sumant Sinha, MS Dhoni, Deepika Padukone, Ashneer Grover, Etc.

Interestingly, Lightsource BP,
The JV Partner of Eversource Capital is itself an investor in BluSmart

Ather Energy IPO Update

Opening date : 28 April
Closing date : 30 April
Fresh : INR 2626 Cr
OFS : 11,051,746 Shares
Price Band : INR 304 to 321
Lot Size : 46 Shares
Issue Size : 2,980 Cr

*ATHER ENERGY* IPO - Rates and Dates all Out Now👍

Dates : *28 April - 30* April
IPO Size: *2,980.73* Crore ₹
Price Band : *304 - 321* (GMP Heard 18 ₹)

Retail Lot : *46 Share*, Application Amount : *14,766*, Number of Applications : *2,01,649*

Small HNI Lot : *644 Share*, Application Amount : *2,06,724*, Number of Applications : *7,201*

BIG HNI Lot : *3,128 Shares*, Application Amount : *10,04,088* Number of Applications : *14,403*

Do Note *There is No Shareholder Quota for Investors of Heromotocorp*

There is only *10% Retail as Company is Loss Making*

Ashish Kacholia added nine new names, raised stakes in five stocks during the March quarter selloff

-DU Digital Global
-Infinium Pharmachem
-C2C Advanced Systems
-BEW Engineering
-Concord Control Systems
-Qualitek Lab
-Shree OSFM E-Mobility
-Megatherm Induction
-Naman In-Store India
-TBI Corn

Borana Weaves IPO Closing Today : Final View

Positives - Promoters are Good, So there is likely to be listing Gains & May Give returns in long too.

Negatives - Industry is not that Great & Anchors are just average.

So, till anchor lock-in Ends it may give just average Returns after that 3 months from listing one may revisit the Stock, For now it is just a listing bet

My View on Current IPOs:

1. Leela Hotels IPO - Avoid if you are aware of the reality of the hospitality industry, which is purely cyclical.

2. Prostarm Info Systems IPO - Apply for listing; it is not a good business to hold.

3. Aegis Vopak Terminals IPO - Apply for long-term; it is a good investment opportunity.

4. Scoda Tubes IPO - Can apply for long-term if you really understand the industry.

Prostram Info Allotment Out
Check here ⤵️

Https://kosmic.kfintech.com/ipostatus/

JSW Cement Likely to launch it's much awaited 4,000 Crore IPO in July

The Cement Arm Of the JSW Group has begun the Roadshows For It's IPO

FV : 10
Retail : 35%

FY24 Financials
Rev : 6114 cr
PAT : 62 cr

The Last IPO From The Group Was JSW Infra which has delivered 160%+ returns since Listing in October 2023

Finally !!

New Mainboard IPO

HDB Financial Services Limited

Date : 25-27 June

Size : 12,500 Crore
Fresh - 2,500 Crore
OFS - 10,000 Crore

FV : 10
Retail : 35%
Employee Quota : 20 Cr
(With Employee Discount)

Shareholder Quota : 1,250 Cr
(10% Reservation For HDFC Bank Shareholders who have Bought on/before 18th June)

FY23
Revenue : 12,403 Crore
PAT : 1,953 Crore

FY24
Revenue : 14,171 Crore
PAT : 2460.8 Crore

FY25
Revenue : 16,300 Crore
PAT : 2,176 Crore

Key Performance And Financial Metrics As On
FY25 :

Customers : 1.92 Crore
Branches : 1,771
Locations : 1,170

NIM : 7.56%
GNPA : 2.26%
NNPA : 0.99%
PCR : 55.95%
ROE : 14.72%
ROA : 2.16%

Secured Loans : 73.01%
Book Value : 198.8/-

Credit Rating :
Crisil AAA Stable

Lead Managers :

▪︎ JM Financial
▪︎ BNP Paribas
▪︎ BofA Securities
▪︎ Goldman Sachs
▪︎ HSBC Securities
▪︎ IIFL Securities
▪︎ Jefferies India
▪︎ Morgan Stanley India
▪︎ Motilal Oswal Investment
▪︎ Nomura Financial Advisory
▪︎ Nuvama Wealth
▪︎ UBS Securities

A Consortium of 12 Bankers is Highest for any Public Offering In India till date !!

Please Note : Shareholder Quota has a upper cap of 2,00,000 Per Application i.e
13 Retail Lots

🚀Mansoon rain 🌧️ and IPO rain ☔️

5 Confirmed Main board IPOs next week

1. Globe Civil Projects IPO (24 to 26 June )
2. Ellenbarrie Industrial Gases IPO (24 to 26 June )
3. Kalpataru IPO (24 to 26 June )
4. HDB Financial IPO (25 to 27 June)
5. Sambhv Steel Tubes IPO (25 to 27 June)