Market Bizzz

President Trump announced new 100 percent import taxes on branded pharmaceuticals. These tariffs begin October 1. Companies building US manufacturing plants will be exempt. Major drugmakers like Merck and Lilly saw slight share increases. Analysts predict minimal impact on large firms. Smaller drugmakers might face vulnerability. Generic medicines remain unaffected by this new policy.

VIP Industries’ promoter entities sold stakes worth Rs 343 crore via bulk deals at a 9% discount, with Multiples Private Equity and Samvibhag Securities among the buyers. The company’s shares closed down 4.01% on Friday, continuing a 28% decline over the past year amidst a recent net loss.

Crisil Ratings revised Muthoot Microfin’s outlook to ‘positive’ from ‘stable’, reaffirming ‘A+’ rating. Despite asset quality stress, strong collections, adequate provisioning, and continued parent support underpin the microfinance lender’s stability and resilience in FY26.

The allotment of shares for Jaro Education’s ₹450 crore IPO is expected to be finalized today. Investors who applied for the issue can check their status online via the BSE, NSE, or registrar Bigshare Services. The shares will be credited to demat accounts by September 29, with listing scheduled on September 30, where the issue is expected to debut at a premium.

Anand Rathi Share and Stock Brokers’ ₹745 crore IPO allotment will be finalized on Friday, with shares listing on NSE and BSE on September 30.

BSE is gaining ground in India’s derivatives market after SEBI’s crackdown reshaped weekly expiries. By shifting its contracts to Thursdays, the 150-year-old exchange has captured traders’ attention, challenging NSE’s long-held dominance. While liquidity hurdles remain, BSE’s rising turnover on expiry days signals a shift in market dynamics that could redefine competition in derivatives trading.

Trualt Bioenergy launches its IPO today, closing on September 29. The IPO price is between Rs 472 and Rs 496 per share. The company aims to raise Rs 839.28 crore through fresh issue and OFS. The IPO proceeds will fund expansion and working capital. The shares will be listed on NSE and BSE on October 3.

Jinkushal Industries, India’s leading non-OEM construction machinery exporter, is set to launch its Rs 116 crore IPO on September 25, with a price band of Rs 115-121 per share. The IPO has garnered significant grey market interest, and Anand Rathi Research recommends a ‘Subscribe – Long Term’ rating, citing the company’s strategic shift towards its HexL brand.

JD Cables, a Howrah-based manufacturer, will launch on the BSE SME platform. The IPO saw strong investor interest, subscribing 127.8 times. The IPO price was finalized at Rs 152 per share. Grey market activity indicates a premium. Retail investors, QIBs, and NIIs showed significant demand. The company will use IPO proceeds for working capital and debt repayment.

Systematic Industries is set to launch its Initial Public Offering (IPO) of Rupees 116 crore on Wednesday. The IPO includes a fresh issue and an offer-for-sale. The price band is fixed between Rupees 185 and 195 per share. The IPO will close on September 26. Shares are scheduled to list on BSE SME on October 1.