Market Bizzz

The NSDL IPO, a Rs 4,011.60-crore offer for sale, saw an overwhelming subscription of 41.02 times and is expected to finalize allotment today. With a listing on BSE slated for Wednesday, the IPO, priced at Rs 800, witnessed strong interest from QIBs and NIIs. Allotment status can be checked via Link Intime or BSE websites.

Parth Electricals and Engineering launched its IPO on August 4, aiming to raise ₹49.72 crore. Priced between ₹160-₹170 per share, the IPO anticipates a listing around ₹192, fueled by a ₹22 GMP. Closing on August 6, allotment is expected on August 7, with NSE SME listing scheduled for August 11.

Arcil Ltd, India’s first bad loan aggregator, is set for an IPO with existing shareholders like Avenue Capital, SBI, GIC’s Lathe Investment, and Federal Bank planning to sell 10.54 crore shares. Avenue Capital will dilute its stake, while Lathe Investment will exit completely. Arcil, the second largest ARC in India, reported a profit of Rs 355.31 crore in March 2025.

JSW Cement will launch its initial public offering on August 7. The IPO size is Rs 3,600 crore. It will open on August 7 and close on August 11. The IPO includes a fresh issue and an offer for sale. Proceeds will be used for a new cement unit and debt repayment.

Sebi is proposing stricter regulations for the appointment of independent third-party reviewers of green debt securities. This move aims to align the norms with those applicable to other ESG-linked bonds, addressing gaps in reviewer independence and conflict of interest mitigation. The revised framework seeks to establish comprehensive criteria for certifiers of green bonds, ensuring greater transparency and credibility.

ITC Ltd reported a slight dip in standalone net profit for Q1, but revenue surged by 19.7% driven by cigarettes, FMCG, and agri-businesses. The cigarette business saw revenue growth, while the FMCG sector was impacted by commodity prices. Agri-business revenue soared, offsetting a decline in the paperboards segment. Consolidated results showed strong performance across group companies.

MCX reported its highest-ever quarterly revenue at ₹405.82 crore in Q1, up 60% YoY. Net profit surged 83% to ₹203.19 crore. The board approved a 1:5 stock split to boost affordability and participation.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

Shree Refrigerations is set for a strong debut on the BSE SME platform, with grey market premiums suggesting a listing price of around ₹195, a 56% jump over the IPO price of ₹125. The IPO saw overwhelming investor interest, subscribing 187.55 times overall.