LISTING UPDATE -Oct 8

https://wordpress.vrightexchange.com/activity/p/2268

Oct IPO Report by Axis Capital

https://wordpress.vrightexchange.com/activity/p/2265

FUNDRAISING
https://wordpress.vrightexchange.com/activity/p/2267

Fund Houses’ Recommendations

🔹 Positive / Bullish Views

UBS on Canara Bank: Buy — Target Price: ₹150/share

UBS on IGL: Buy — Target Price: ₹250/share

Investec on Petronet LNG: Buy — Target Price: ₹400/share

Jefferies on Lodha Developers: Buy — Target Price: ₹1,625/share

Nomura on Lodha Developers: Buy — Target Price: ₹1,450/share

Morga…[Read more]

UPDATES’

ORDER WINS

Sarveshwar Foods Ltd: Secures a major export order worth ₹266 million from Delaware, USA–based Agri Services & Trade LLC. Total export orders now stand at ₹1,226 million over the past two months.

AIA Engineering Ltd: Subsidiary Vega Industries Chile SpA wins a $32.9 million (~₹291 crore) order from a Chilean copper mine fo…[Read more]

Quarterly Business Update

HDFC Bank Q2 (YoY)

Gross advances soar 9.9% to Rs 27.69 lakh crore Vs Rs 25.19 lakh crore
Average deposits grow 15.1% to Rs 27.1 lakh crore Vs Rs 23.54 lakh crore

Average CASA deposits increase 8.5% to Rs 8.7 lakh crore Vs 8.08 lakh crore
Average AUM jumps 9% to Rs 27.94 lakh crore Vs Rs 25.63 lakh crore

IndusInd Bank…[Read more]

MERGER OF 12 PSU BANKS INTO 3 MEGA BANKS (2025)

GROUP 1: SBI-LED MEGA BANK (NATIONWIDE DOMINANCE)

– STATE BANK OF INDIA (SBI)
– PUNJAB NATIONAL BANK (PNB)
– BANK OF BARODA (BOB)
– BANK OF INDIA (BOI)

*WHY*: COMBINES SBI’S SCALE (22,000 BRANCHES, ₹7 LAKH CR MARKET CAP) WITH STRONG NORTHERN/CENTRAL BANKS FOR 35,000 BRANCHES, ₹10 LAKH CR+ MARKE…[Read more]

LISTING UPDATE

PACE
IPO PRICE: 219
LOT SIZE – RETAIL: 68
LOT SIZE – sHNI: 952
LOT SIZE – bHNI: 1555

LISTING PRICE: 225(+6₹,+2.74%)
LISTING GAIN – RETAIL: 408/-
LISTING GAIN – sHNI: 5712/-
LISTING GAIN – bHNI: 9330/-

MANAS POLYMER – SME
IPO PRICE: 81
LOT SIZE – INDIVIDUAL: 3200
LOT SIZE – HNI: 4800

LISTING PRICE: 1…[Read more]

Bank of Baroda 2QFY26 business figures

Business update

Total Business (Global) have grown 5.2% QoQ and 10.5% YoY to Rs. 27,791 bn

Loan book aspects

Gross Advances (Global) have grown 6.0% QoQ and 11.9% YoY to Rs. 12,791 bn

Gross Advances (Domestic) have grown 5.6% QoQ and 11.5% YoY to Rs. 10,467 bn

Retail Advances (Domestic) have grown 4.5%…[Read more]

AU Small Finance Bank (Not Rated CMP Rs 742/share) 2QFY26 –

Operational update numbers

• Total deposits stood at Rs 1,325.1 bn up 20.8% YoY and 3.8% QoQ
• CASA deposits at Rs 389.6 bn up 9.7% YoY and 4.6% QoQ
• CASA ratio remained largely steady at 29.4%, broadly in line with 1Q (29.2%).
• Gross Advances stood at Rs 1,175.2 bn up 22.4% YoY…[Read more]

Angel One Limited: Q2 FY26 & September 2025 Business Update

Q2 FY26
– Client Base increased to 34.08 Mn (4.9% QoQ, 24.0% YoY)
– Gross Client Acquisition came in at 1.74 Mn (12.2% QoQ, -41.9% YoY)
– Average Client Funding Book increased to Rs 53.05 Bn (26.1% QoQ, 36.4% YoY)

– Number of orders came in at 360.43 Mn (5.0% QoQ, -26.3% YoY)
– Average…[Read more]

Banking Sector – Thematic Report – Nirmal Bang Institutional Equities

Core Business Valuations of Large Banks with Sizeable Subsidiaries

Robust banking businesses at reasonable valuations

Key Points

• 20-year core business valuation trend of large banks: In this report, we have looked at the factors which led to the re-rating of the 5 lar…[Read more]

Mainboard IPOs to Watch — October to Early November 2025

India’s primary market is gearing up for a power-packed few weeks!
Here’s a snapshot of the major IPOs lined up

ICICI Prudential AMC – ₹9,500 Cr
Billionbrains (Groww) – ₹6,000 Cr
Pine Labs – ₹6,000 Cr
Credila Financial – ₹5,000 Cr
PhysicsWallah – ₹3,820 Cr
Prestige Hospitality –…[Read more]

Fund Houses’ Recommendations

Goldman Sachs (GS)

Marico: Buy, Target Price ₹830/share — Positive view on international growth and domestic recovery.

Q2 Earnings Outlook: Upgrades seen in Consumer Discretionary (ex-Autos), IT, and Commodity Cyclicals — Positive Sector Bias.

Morgan Stanley (MS)

AU Small Finance Bank: Overweight, Target Price ₹…[Read more]