Market Bizzz

The BSE SME issue will close on June 25, while the shares are scheduled to list on July 1. The IPO is priced at Rs 196 per share and comprises a combination of a fresh issue worth Rs 26.65 crore and an offer for sale (OFS) of Rs 5.34 crore, taking the total issue size to Rs 31.99 crore.

The IPO is entirely a fresh issue worth Rs 585 crore, with no offer-for-sale component. The company has fixed a price band of Rs 769-808 per share, and investors can bid for 18 shares in one lot and in multiples thereafter. The shares are proposed to be listed on both the BSE and NSE on July 1.

Brent crude futures rose 54 cents, or 0.67%, to $81.11 a barrel, after briefly touching $82.30 at the start of trading. U.S. West Texas Intermediate (WTI) crude futures gained $2.02, or 2.64%, to $78.62 a barrel ahead of the contract’s expiry later on Monday.

Including the interim dividend of Rs 4.50 per share declared in November 2025, the total dividend payout for FY26 stands at Rs 27.50 per equity share. Asian Paints shares have a dividend yield of 0.16%, according to data on Trendlyne.

New Federal Reserve Chair Kevin Warsh is significantly reducing the central bank’s communication, particularly “forward guidance” on interest rates. This move, aimed at making markets less reliant on Fed signals, has already caused market volatility. Analysts warn this could lead to higher borrowing costs for consumers and businesses, contrasting with previous chairs who used guidance to stabilize markets and lower rates.

Indian markets concluded the week on a strong note, driven by consistent buying interest and a significant drop in volatility. The Nifty index, while trading within a defined range, showed resilience by defending key support levels. However, a formidable resistance zone overhead suggests a cautious approach. Investors are advised to focus on stock-specific opportunities and avoid aggressive positions until a clear breakout occurs.

Jio Platforms is gearing up for its IPO, planning to allocate a significant portion of the funds to repay nearly $3 billion in external commercial borrowings for its telecom arm. This move aims to slash debt, reduce interest expenses, and bolster the company’s financial standing. The deleveraging will empower Jio to pursue strategic growth in areas like 5G, broadband, AI, and cloud services, positioning it for future investments and opportunities.

Traders are now fully anticipating a quarter-point interest rate hike from the Federal Reserve by September, a shift driven by renewed inflation worries fueled by a surge in oil prices. New Fed Chair Kevin Warsh’s firm stance against high inflation has bolstered these expectations. This development occurred amidst quiet trading, with US markets closed for a holiday.

Jio Platforms’ upcoming IPO is priced at a premium, reflecting its market leadership and advanced 4G/5G network. Despite smaller revenues than global giants, Jio commands a higher valuation. The company plans to raise over $4 billion, with an anticipated market cap of ₹12-14 lakh crore. While Jio shows strong customer growth and data traffic, Bharti Airtel leads in ARPU and profitability margins.