As of the end of the June quarter, LIC’s portfolio comprised 277 listed equities.

Amagi Media Labs, a SaaS company, has filed for an IPO with Sebi. The IPO includes a fresh issue of shares and an offer for sale. The company aims to raise funds for technology, cloud infrastructure, and acquisitions. Amagi works with media companies, content providers, and advertisers. The company reported revenue growth and improved EBITDA margin.

Sobha Limited has announced impressive first-quarter results. The company s profit after tax surged by 123%. Revenue also increased by 35%. Sobha achieved its highest-ever quarterly sales value, crossing Rs 2,000 crore. New area sold increased by 23%. The company s managing director, Jagadish Nangineni, expressed optimism about sustained growth due to a strong balance sheet and stable demand.

India s ESG bond market is experiencing significant growth, driven by increasing global investor demand for sustainable assets and supportive domestic policies like SEBI s BRSR Core. Lower borrowing costs incentivize companies to raise capital more aggressively. Sectors such as renewable energy and clean transportation are leading the charge, with more Indian corporates expected to embrace ESG-linked financing.

Indian companies are now strategically planning for both IPOs and M&As. This dual-track approach helps maximize value and retain leadership. Regulatory changes and market volatility drive this trend. Fintech and quick commerce sectors see significant activity. Companies prepare for IPOs to attract better M&A deals. This shift marks a maturing of India s private capital ecosystem.

Despite geopolitical tensions, global equity markets, including India s Nifty, have shown resilience. While domestic investor participation provides support, a significant breakout requires stronger earnings growth, currently facing tepid levels. India s robust macros and potential trade deal outcomes could drive future earnings recovery, particularly in the banking sector, though elevated valuations suggest patience is warranted.

Madhuri Madhusudan Kela seems to have sold her shares in Waaree Energies. Shareholding data indicates her exit from the renewable energy company. This happened after a strong rally in Waaree Energies stock. The stock has shown significant gains recently. Kela held a 1.16% stake since its listing in October 2024. Her name is absent from the latest public shareholder list.

Gold prices in India have surged to near-record levels, driven by a confluence of global factors. These include geopolitical tensions, central bank buying, and a depreciating rupee. Despite high prices, demand remains strong, particularly in rural areas, fueled by its safe-haven appeal and upcoming festivals and weddings, ensuring gold remains a favored asset.

Raghav Iyengar of 360 ONE Asset suggests tactical adjustments for investors. He recommends reducing midcap exposure and increasing investment in high-quality largecaps. HNIs and UHNIs are showing interest in REITs and InvITs for stable income. Family offices are exploring private credit and structured debt. Investors are diversifying into global markets and real assets.

Among the laggards, we are putting the spotlight on 6 SME IPOs that have nosedived over 60% so far this calendar year.