Is the hot public subscription market in India, or is it a sparkle?

Photo of author

By [email protected]


Lenskart store in Kolkata, India.

Norfuto Norfuto Gety pictures

This report is a “Inside India” newsletter in CNBC for this week, which brings you a timely and timely news to emerging power and major companies behind the height of a meteor. Like what you see? You can subscribe here.

Every day of the week, CNBC’s “Inside India” program gives you comment on the news and comments on the market on emerging power companies, and the people behind it. Livestream offer on YouTube and absorbing outstanding points here.

Display times:

we: Sunday-Thursday, 23: 00-0000 ET
Asia: From Monday to Friday, 11: 00-12: 00 Sin/HK, 08: 30-09: 30 India
Europe: From Monday to Friday, 0500-06: 00 Cet

The big story

Twelve months ago, The first public party market in India was prosperousWith startups, technical companies, from the food delivery and grocery player Swiggy For a two -wheeled electric manufacturer Ola Electric In the cusp for the first time.

Many companies wanted to put publicly publicly in South Asia, and ride it in the growth story in India.

This year, however, there was a clear change.

There were only 99 lists so far, compared to 147 in the same period, according to FactSet data.

Imagine the graph

Many companies, including Avanse Financial Services, Anthem Biosciences and LG Electronics’ India. Putting their list plans to wait Given the weak feelings of investors and the expectations of the large economy, despite obtaining approval from the Securities Council and Stock Exchange in India (SEBI).

In addition, the emergence of the Electric Scotter Maker Ather Energy failed on May 6-which came after a two-month calm in the main plate lists-in relieving market concerns. The stock decreased more than 3 %, after opening it at 328 Indian rupees ($ 3.79) per share – by 2 % to the price of the 321 rupees.

“The public subscription market was bleak, especially in the first quarter, due to the weakness of rupees and global fluctuations of wars and the constantly developed of the definition situation,” Piush Mittal, the director of the wallet in Matthews Asia, told CNBC’s Inside India.

In addition, foreign portfolios investments 220 % decreased in the first five months of this year Compared to the same period in 2024, according to national securities deposits.

A more urgent problem, however, it was an effect Consuming levels slow Richea Chandan, the administrative partner of Venturi Partners, said in corporate profits.

Chandan added that many brands of consumer -backed consumer -backed stock shares, which would historically spread a 35 % jump to 40 % in their revenues annually, grew only 15 % to 20 % in the 2015 fiscal year in March, not thanks to the most strict wallet chains.

“This is not a large number to go to the market,” she said, adding that companies have now paid the list plans, partly, to take advantage of the high sales during the ceremonial seasons later in the year.

While the Reserve Bank in India Reduce Government measures may eventually be translated to stimulate consumption into higher spending, and Chandan says more time for companies is needed to see stronger numbers and profits.

“It is possible that anyone who wants to move to the public will extend it and wait for the evaluation coding. This will also give them higher value forward, which will allow guarantee of subscription subscription based on the profitability assessment.”

A pause, before a jump

With the extension of the year to the second half, there was a hidden shift in the Indian market, which leads to hopes for getting momentum in the list.

For example, 6.4 billion dollars was raised From Indian markets to stock sales in May, making it the highest monthly total since December 2024. The mass trading was the largest shareholder at $ 5.5 billion. Sales activity does not show any signs of slowdown this month, as they raised at least 10 blocks of $ 1.2 billion in the first week, for all data collected by Bloomberg.

“India’s basics are strong,” says Dhruba Jyoti Sengupta, CEO of Wealite Management Management.

He told CNBC’s inside India: “With more than $ 12 billion in subscriptions, the subscriptions controlled by Sebi and more than 130 companies in the wings, the basic market in India simply stops before its next.

Sengupta expects many menus, including those for the Rellence JIO, Tata Capital and LG Electronics India.

It is expected to be announced by the MUKESH Ambani, almost this year later this year. 400 billion Indian rupees. Sengupta expects the company – the connection arm Accreditation industries To be “one of the largest (lists) in India, where ambition is exposed to income from the widely dignified ecosystem.”

Likewise, it is said that Tata Capital is scheduled to get Organizational approval on the list of $ 2 billion soon. Sengupta noted that the list of Tata Sons, which provides Tata Sons, which provides a set of financial loans and institutional loans, “indicates that conservative blocs so far view public capital as a strategy, not only financial.”

Elsewhere, the wealth manager is the LG Electronics India menu on “changing the game”. If it succeeds, it will indicate the interest of foreign multinationals in the Indian markets, given the “local retail flow flows and organizational stability”.

Among the startups, Chandan and Nicholas Catherine closely monitors the Lenskart menu, which supports them Softbankand Kkr And Temasek. It is said that the glasses company Close to the raising of its initial proposal One billion dollars from its list may be collected.

CATOR, founder and administrative partner in Venturi, is curious about how much he can achieve in the public market. “Lenskart has achieved well as a company, and its numbers are good. So, its list will be a good indication of private sector investors on how to appreciate companies, especially in pre -subscription rounds.”

Other lists of watching Cator and Chandan include those of Urban Compane Clean Its documents were submitted in April And jewelry player BlueStoneWho shoots him Unicorn status before the public subscription.

Better assessments?

You need to know

Moody and Trump does not agree to our role in Pakistan. Indian Prime Minister Narendra Modi made a phone call to US President Donald Trump on Tuesday, where he “clearly conveyed” that the nation of South Asia “He does not accept mediation and you will never accept“In her struggle with Pakistan, according to L. statement By Foreign Minister Vikram Missri.

India is considering expanding its production of rare Earth elements. Since China imposes more strict restrictions on its export to the rare land-which is decisive in manufacturing electric cars and military equipment-Indian officials assess the capabilities of rare Indian land, a government owned by a government, Fill the gap in the supply chain.

“There is no safety concerned” on the Airlines fleet. The General Directorate of Civil Aviation, the Aviation Safety Authority in India, said on Tuesday that it was inspecting the Boeing 787 flying fleet and He did not find any major anomaly. Airlines Cutting international flights on their vast planes 15 % for the next few weeks. Air India, heading to London on June 12, crashed in Ahmedabad, India, All 242 passengers were killed except for one.

What happened in the markets?

Indian shares were traded on Thursday, as investors have formed the US Federal Reserve decision to maintain constant interest rates, amid the continuous crisis of Israel Iran.

Since the beginning of the year, the NIFTY NIFTY index has increased by 4.58 %, while Bse Sensex 3.86 % has gained.

Indian government bonds return for 10 years increased by 6.291 %.

Stock scheme iconStock scheme icon

Hide content

What happens next week?

On Monday, the reports of the Procurement Manager Index, which measure the activity in the manufacturing and services sectors in India, will be outside. Multiple lines companies will openly insert next week, including ATEN Company Recyclables, Oswal Pumps Pumps Solars and Construction Supply Solutions.

June 20: Aten and IPO FOAM papers, Oswal Pumps IPO

Jun 23: India HSBC Flash Manufacturing and Services pm for the month of June

June 25: Arisinfra Solutions IPO

June 26: The final reading in the United States for the first quarter



https://image.cnbcfm.com/api/v1/image/108161463-1750319332993-gettyimages-1248903532-chatterjee-notitle230320_npRlv.jpeg?v=1750398538&w=1920&h=1080

Source link

Leave a Comment