Tushar Mangl

CY24: The Year Indian IPOs Stole the Spotlight India’s IPO market in CY24 has shattered records, raising an astounding ₹1.8 trillion through 317 IPOs, surpassing past milestones and capturing global attention. This article explores the standout moments, sectoral shifts, and what CY24’s IPO boom means for India’s financial future, drawing insights from the comprehensive report by Motilal Oswal Financial Services. What Made CY24 a Record-Breaking Year? Imagine this: Hyundai Motors’ historic IPO raising ₹278.6 billion, setting a new benchmark. Vodafone Idea’s follow-on public offering (FPO) amassing ₹180 billion. These weren’t just numbers; they were milestones that marked CY24 as the year Indian capital markets proved their mettle. India’s IPO market saw unprecedented activity, with over ₹1.8 trillion raised across 317 IPOs. This figure comfortably eclipses CY21’s ₹1.3 trillion and more than triples the Rs 576 billion raised in CY23. What is behind this surge? Let’s examine Also read: 1...

Summary The Vishal Mega Mart IPO is the latest buzz in the Indian retail landscape. With ambitious expansion plans,financials, and a unique focus on middle-income India, this offering could reshape retail investing. In this comprehensive guide, we unpack everything—from the company’s history and financials to IPO details and market comparisons—to help you make informed decisions. What's the story behind Vishal Mega Mart? In the kaleidoscope of Indian retail, Vishal Mega Mart Limited (VMML) has carved a niche for middle and lower-middle-income families. Founded in 2001, Vishal Mega Mart began as a humble apparel retailer and has since grown into a multi-category retail giant, catering to the aspirations of India's burgeoning middle class. Today, it boasts presence in Tier 1 and Tier 2 cities, operating 645 stores nationwide. Over the years, VMML has evolved beyond retail into a lifestyle brand. Its in-house labels, accounting for 74% of its revenue, reflect its mastery of consum...

Creating a "When I Die" folder ensures your family is prepared for the inevitable. This guide explores the five essentials you should include: legal documents, financial details, funeral wishes, family conversations, and personal instructions. Think of it as a gift of clarity for your loved ones, shielding them from confusion and disputes during an emotionally challenging time. Introduction: Why start a "When I Die" folder today? I remember a story about a friend’s father who passed unexpectedly. He was the cornerstone of their family, but his meticulous planning was nowhere to be found when it mattered most. Important financial details were scattered, burial preferences were a mystery, and every conversation led to tears or arguments. Grieving the loss was hard enough without the added chaos of uncertainty. Despite being a meticulous man in life, he left no clear instructions for after his death. The result? Endless paperwork, strained relationships, and the linger...

Salzer Electronics, a pioneering Indian company in the electrical solutions industry, has grown from humble beginnings into a market leader known for its innovation and resilience. With a strong financial foundation and ambitious plans, the company’s story is one of vision, adaptability, and steady evolution. Here is an engaging tale about Salzer, its journey, and its outlook. What’s the Origin Story of Salzer Electronics? Picture this: It’s the early 1980s in Coimbatore, a city bustling with entrepreneurial energy. Among its many dreamers was S. Ramasamy , the founder of Salzer Electronics. He started with a simple idea: to address the gap in customised electrical solutions for industrial and domestic applications. With limited resources but determination, he turned Salzer into a force to reckon with. Fast-forward to today, Salzer Electronics isn’t just another player in the electrical industry—it’s the player . From manufacturing rotary switches and cable ducts to becoming a globally...

The Pratibha Mahila Sahakari Bank, established in 1973 in Jalgaon by Pratibha Patil, was intended as a beacon of hope for women's empowerment in the region. However, its promising start was overshadowed by mismanagement, allegations of nepotism, and financial irregularities. In 2003, the Reserve Bank of India (RBI) revoked its license, marking a grim end to what could have been a success story for cooperative banking in India. Can a dream turn into a nightmare? Once upon a time, in the dusty lanes of Jalgaon, Maharashtra, a dream took shape. It was 1973, and Pratibha Patil, an ambitious leader and future President of India, envisioned a cooperative bank run by women, for women. The idea was revolutionary—financial independence in an era when women’s empowerment was still a distant reality. Fast forward to 2003, and the very institution that began with noble intentions lay in shambles. Accusations of cronyism, financial mismanagement, and blatant misuse of power led to its tragic de...

Scandals are a mirror reflecting the underbelly of any society, but in India, they often become the main act in the theatre of politics. Today, the Adani Group’s alleged involvement in fraud and bribery raises eyebrows and questions about the future of corporate ethics in the country. But rewind a few decades, and you will find the Bofors scandal, a story so politically charged that it toppled governments and changed India’s perception of trust and justice. Before Adani made headlines, Bofors defined the word corruption in India. This story isn’t just about money, arms deals, or power—it is about how history repeats itself when lessons are ignored. What is the Adani Scandal About? The Adani Group has been accused of fraud and bribery, as a US court recently indicted one of its subsidiaries. Allegations surfaced about how the company engaged in unethical practices to secure contracts. This scandal reignited debates about corporate governance and political patronage. With Adani's ri...

Zomato’s stock has shown an upward trajectory since mid-2023, driven by technical indicators and a promising breakout pattern. With targets set at Rs 400, this analysis unpacks its rise, compares it with Swiggy’s strategy, and evaluates Zomato’s growth prospects. Equipped with data, expert insights, and actionable advice, this is your guide to understanding Zomato’s potential. What makes Zomato’s stock Buzz-Worthy today? In the financial marketplace, Zomato has emerged as an interesting subject of analysis. From June to November 2023, the stock journeyed through dramatic highs and lows, reaching close to Rs 300 in September before a subsequent dip. But here’s the intriguing part—it is climbing back with solid technical indicators. Let us uncover what makes Zomato a compelling pick today.         Zomato stock view by Bharat Gala, COO equity broking- Ventura Securities “Zomato has exhibited a consistent upward move since June and made a high of 298 in September. A corr...

A tale of irony and betrayal When you think about taxpayers, they’re the lifeblood of a nation, funding its progress and development. However, in India, taxpayers have paradoxically become the unintentional architects of the banking sector’s downfall. How? By electing politicians who treat Public Sector Banks (PSBs) as personal piggy banks and ignoring glaring signs of systemic corruption. This is a story of wilful negligence, audacious scams, and systemic exploitation. It is a cautionary tale that intertwines politics, economics, and ethics, spotlighting how an apathetic public and a complicit elite systematically destroyed the backbone of the nation’s economy. Why Did India’s Banking sector Fail? What Happens when political cronies run Banks? The management of PSBs in India has often been handed over to individuals with little or no expertise in finance. The United Progressive Alliance (UPA) era provides a glaring example: 32 out of 37 independent director positions across banks were...