Latest news with #KhambattaSecurities
Mint
4 days ago
- Business
- Mint
Bulls ride high on India stocks, expecting success of US-Russia talks on Ukraine
Bulls appeared to be taking charge of the stock markets on Wednesday, ahead of the Trump-Putin talks, where a breakthrough or an impasse could significantly impact Indian equities. The two leaders are slated to meet in Alaska on Friday in a bid to end the over-three year Ukraine war. A day after foreign portfolio investors trimmed their index future longs to 7.95%, only 20 basis points shy of the record low of 7.75% on 22 March 2023, in light of the US Fed rate tightening cycle, bulls sold huge quantities of put options between the 24,500 and 24,600 levels, expecting a rally in the markets ahead of the talks. The contracts expire tomorrow. The Nifty 50 traded 0.6% higher at 24,634 at 1 pm. Amid likely domestic institutional investor buying in the cash market, bulls sold a massive number of puts at 24,600 – the open position at this strike rose by a whopping 227,758 contracts to a total 284,785 contracts. At 24,550, the open or outstanding positions jumped 148,077 contracts to 193,635 contracts and at 24,500 by 152,528 contracts to 260,034 contracts. The jump in open positions at these levels indicates that bulls expect the markets to close at or above 24,600, which will enable them to pocket the premium paid by the put buyers, who expect the markets to correct. "The correction premise (of put buyers) is based on the talks stalling and a continuation of the war, which could impact countries like India that buy Russian oil and have been slapped with a proposed punitive tariff of 25% from 27 August," explained SK Joshi, a consultant with Khambatta Securities. Other analysts cautioned that it was too early to take such calls because the Indian markets would react to the outcome of the talks only on Monday, with Friday a holiday for Independence Day. "The market is likely to consolidate in a 24,400-24,700 range ahead of the Russia-US talks in Alaska," said Sahaj Agrawal, head of derivatives research at Kotak Securities. "The reaction to the outcome will be on Monday." Options data and sentiment for now also suggest a sideways movement, with no major horizon shift on the cards, he added. The put-call ratio of the weekly options expiring on Thursday stood at 0.99 intraday, which means that for every 100 calls sold, traders had sold 99 puts. On Tuesday, the ratio stood at 0.65, or only 65 puts sold for 100 calls sold. Time correction The benchmark Nifty 50 has been in a time correction for 11 months now, which is longer than the nine-month time correction that followed the outbreak of the covid pandemic in 2020. Time correction implies an extended period of stagnant to marginally lower price movement. The Nifty has fallen 6.25% from a record high of 26,277.35 on 27 September last year to Wednesday's intraday level of 24,634. While the Nasdaq, the UK's FTSE and Japan's Nikkei trade at record highs, Indian stock indices haven't been able to reclaim their previous high even 11 months later. In the last major down-cycle, the Nifty fell 40% from a high of 12,430 on 20 January 2020 to 7,511.10 on 24 March that year when the pandemic surfaced. However, it reclaimed the high in nine months, closing at 12,632 by 9 November. The current time correction is due to tepid earnings growth and more lately because of Trump's crushing tariffs on India, which Moody's expects could trim its current fiscal growth estimate by 30 bps to 6%. "We have been in a time correction for nearly 11 months now and will have to see how the geopolitical events play out to reckon whether we will break through the 26,277.35 record high of last September or test the multi-month low of 21,743.65 of this April," Kotak Securities' Agrawal added.
Economic Times
04-08-2025
- Business
- Economic Times
Aaradhya Disposal Industries IPO: Check GMP, price band, issue size and other details
Aaradhya Disposal Industries is launching its IPO on Monday, aiming to raise ₹45.10 crore through a fresh issue of shares. The IPO price is fixed between ₹110-₹116 per share. The company intends to use the funds for working capital, plant expansion, and debt repayment. With significant revenue and profit growth in FY25, the IPO's success remains to be seen. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The initial public offering (IPO) of Aaradhya Disposal will open for public subscription on Monday with the company looking to raise Rs 45.10 crore through a completely fresh issue of 38.88 lakh equity shares. The IPO opened without any premium in the grey market (GMP Rs 0), indicating a cautious stance by retail investors and punters on Day issue is priced in a band of Rs 110–116 per share, and retail investors are required to apply for a minimum of 2,400 shares (2 lots).Khambatta Securities is acting as the book-running lead manager, while Bigshare Services is the registrar. Prabhat Financial Services is the designated market maker for the NSE SME company has reserved 45.12% of the offer for retail individual investors, an equal portion for HNIs, and 4.75% for QIBs. The issue will close on August 6, and allotment is expected on August 7, with listing tentatively scheduled for August 11 on NSE in 2014 and based in Dewas, Madhya Pradesh, Aaradhya Disposal Industries manufactures and exports a wide range of food-grade and coated paper products, including paper cup blanks, PE/PLA coated paper rolls, greaseproof paper, vegetable parchment paper, and company operates a single facility with two plants and an annual production capacity of 15,000 metric tonnes as of FY25, revenue rose 53% to Rs 115.96 crore, while net profit more than doubled by 158% to Rs 10.27 proceeds from the IPO will be utilised for working capital requirements (₹20 crore), capital expenditure towards plant expansion (Rs 15.86 crore), loan repayments, and general corporate the grey market has remained cold so far, investors with a long-term view could find the company's profitability metrics and expansion plans worth watching.
Time of India
01-07-2025
- Business
- Time of India
Icon Facilitators IPO listing today. Check GMP ahead of debut
Facilities management company Icon Facilitators will debut on the BSE SME platform today after closing its Rs 19.11 crore IPO last week. Despite a decent oversubscription of 2.49 times, the stock is may list without any premium with the GMP standing at Rs 0, indicating a flat opening. The IPO, which was entirely a fresh issue of 21 lakh shares at a price of Rs 91 per share, attracted modest institutional interest. The retail portion was subscribed 4.10 times, while QIBs came in at 2.18 times. The non-institutional investor (NII) category saw underwhelming interest, closing at just 0.92 times. Icon Facilitators Limited, based in New Delhi, provides integrated facilities management services, including electrical system maintenance, HVAC, captive power operations, and water management. It operates across 127 sites, primarily in North India, and recently expanded into Bengaluru. The company reported a 154% jump in net profit for FY25 at Rs 4.47 crore on revenue of Rs 58.07 crore, marking a 16% top-line growth over FY24. The IPO proceeds will largely be used to fund working capital requirements, with Rs 16 crore allocated toward this objective. The company's debt-free status, ROE of 35.23%, and EBITDA margin of 11.28% offer some comfort, though competition remains intense in the fragmented B2B facility services sector. The issue was managed by Khambatta Securities, with Maashitla Securities acting as registrar. Nikunj Stock Brokers is the designated market maker. Given the muted grey market sentiment and high valuation tags, market observers suggest that the listing could be flat or slightly volatile, depending on broader market cues. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
24-06-2025
- Business
- Economic Times
Icon Facilitators IPO opens today. Check price band, issue size and other details
Facilities management player Icon Facilitators Limited will open its initial public offering (IPO) for subscription on Tuesday and close on Thursday. The Rs 19.11 crore issue is entirely a fresh offering of 21 lakh shares and will list on the BSE SME platform on July 1. ADVERTISEMENT The IPO is being offered in a price band of Rs 85 to Rs 91 per share. Retail investors can bid for a minimum of one lot comprising 1,200 shares. Khambatta Securities is the book-running lead manager, while Maashitla Securities is the registrar to the issue. Nikunj Stock Brokers will act as the market maker. The IPO will offer 9.46 lakh shares each to retail and non-institutional investors, while qualified institutional buyers (QIBs) will get 1 lakh shares. A portion of 1.05 lakh shares is reserved for market in 2002, Icon Facilitators is a North India-based integrated facilities management company with over 1,955 employees across 127 sites, recently expanding into the South. It provides both soft services—like housekeeping, façade cleaning, and pest control—and hard services including HVAC maintenance, electrical system management, STP/ETP oversight, and safety FY25, the company reported a revenue of Rs 58.07 crore and a profit after tax of Rs 4.47 crore, marking a 154 percent jump in profits year-on-year. The company operates with zero debt and had an EBITDA of 6.55 crore rupees in the latest financial year. ADVERTISEMENT The company intends to use Rs 16 crore from the net proceeds to meet working capital requirements and the rest for general corporate purposes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
