Jio Platforms Ltd. recorded India's largest IPO, raising $3.1 billion and experiencing a 27% rise in shares. The Ambani family strategically adapted the deal structure and lowered valuations to attract investors. Mukesh Ambani's son Akash played a significant role in this IPO process, marking a milestone for the Ambani dynasty. Jio's market valuation exceeded $130 billion, becoming India's second-most valuable company.
Bombay Coated & Special Steels’ Rs 183.06-crore IPO opens on October 29, 2026, with a price band of Rs 78–82 and an 11% grey market premium. The company reported 20% revenue growth and 7% profit growth in FY26. Anand Rathi recommends subscribing for long-term investment, citing reasonable valuation and growth prospects.
In a pivotal decision, the Securities Appellate Tribunal annulled a ₹ 1.49 crore penalty that MCX had levied against Ventura Securities for purported client violations. The tribunal's ruling stemmed from the finding that the order was signed by an ex-member of the committee. As a result, the tribunal has ordered MCX to reimburse the fine, including an additional ₹ 1 lakh for the brokerage's legal expenses.
PVR INOX plans an ambitious expansion, targeting to unveil around 90 to 100 new screens in FY 2027 and 150 to 175 in FY 2028. With a focus on Tier 2 to 4 markets, they'll introduce their innovative SMART Cinema format. Estimated capital expenditure for FY 27 is projected at ₹300-320 crore, adhering to a capital-light approach.
Pidilite Industries has achieved a remarkable 7% growth in consolidated net profit for the September quarter, with profits hitting ₹626 crore. This success is underpinned by a substantial increase in total revenue, soaring by over 21% to reach ₹4,285 crore. However, challenges such as tighter margins and rising input costs have tempered profit growth. Notably, the consumer segment saw a robust 20.
JSW Energy has reported a 49.9% year-on-year increase in consolidated net profit for the second quarter. The company's consolidated revenue from operations rose by 23%, showcasing significant growth over the last year. During this quarter, JSW Energy added 813 MW of capacity, including substantial renewable energy projects. The company aims to achieve a capacity addition target of 3 GW by the end of FY27.
Adani Ports and Special Economic Zone showcased a remarkable 18% increase in consolidated net profit for the September quarter. With a year-on-year revenue surge of 24% amounting to ₹11,340.4 crore, this growth stemmed from a spike in cargo volumes. The firm has also revised upward its FY27 revenue and capital expenditure targets, attributed significantly to robust performance in domestic operations and impressive strides in international growth.
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