Latest news with #BoranaWeaves
Time of India
23-07-2025
- Business
- Time of India
Senior citizen duped of Rs 4L in stock market investment fraud
Ahmedabad: A 77-year-old retired man from Bodakdev became victim of cyberfraud, losing Rs 3.95 lakh after being lured into a fake stock market investment scheme. According to a complaint filed with the cybercrime cell, the senior citizen, who lives with his wife, first received a message on WhatsApp from an unknown number in March 2025. Tired of too many ads? go ad free now The sender claimed that one could earn high returns by investing in shares and IPOs through a firm named 'FYERS Security Pvt Ltd'. The fraudsters added him to a WhatsApp group where the administrators posed as financial advisors, regularly sharing fake profit screenshots to build credibility. Initially, the victim invested Rs 10,000 and was shown a return of Rs 14,000, which convinced him to invest further. He later transferred Rs 3.65 lakh for an alleged IPO called 'Borana Weaves', believing he would get returns of over Rs10 lakh. When he attempted to withdraw the so-called profits, he was asked to pay Rs 93,000 commission fee. Realizing he had been duped, the senior citizen reported the matter through Cyber Crime Helpline 1930. Vastrapur police have registered a case under relevant sections of the Bharatiya Nyaya Sanhita (BNS) for cheating and criminal breach of trust, along with provisions of the Information Technology Act. An investigation is underway, siad police.
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Business Standard
27-06-2025
- Business
- Business Standard
IPOs in H1 2025 were priced to perfection; be selective now, say analysts
Indian primary markets have posted tepid performance in the first half of calendar year 2025 (H1CY25). Of the 19 stocks that debuted on the stock exchanges in H1, as many as 10, or 53 per cent, are trading below their listing price now, according to data compiled by Business Standard. Notably, so far in 2025, 19 companies have gone public from the mainline segment, raising ₹29,834 crore. Of these, stocks of 10—including Stallion India Fluorochemicals, Indo Farm Equipment, Laxmi Dental, Denta Water and Infra Solution, Borana Weaves, Ather Energy, Standard Glass Lining Technology, Schloss Bangalore, Belrise Industries, and Arisinfra Solutions—are trading below their listing price. Further, barring Laxmi Dental, Borana Weaves, and Standard Glass Lining Technology, the rest are also trading below their issue price. According to data, 82 companies in the SME segment have debuted on the exchanges so far this year, raising ₹3,645 crore. Of these, 46 are trading below their listing price, and 45 are below their issue price. H1 2025 Primary Market Performance Total Mainboard IPOs 19 Total amount raised ₹29,834 crore Trading below listing price 10/19 Trading below issue price 7/19 Total SME IPOs 82 Total amount raised ₹3,645.3 crore Trading below listing price 46/82 Trading below issue price 45/82 Source: Bloomberg Priced to perfection Sunny Agrawal, head of fundamental equity research at SBICap Securities said a consistent trend that stood out in H1 was the fact that most IPOs were priced to perfection, leaving very little on the table for new investors. This has resulted in muted listings across several recent IPOs. Echoing similar views, Prashanth Tapse, senior VP (Research) at Mehta Equities, said that many offerings lacked strong revenue or profit growth visibility. 'Once listed, such companies face pressure to deliver results in line with expectations—but post-IPO earnings have often disappointed, leading to steep corrections. The market, being increasingly valuation-conscious, is quick to penalise underperformance, triggering sell-offs,' said Tapse. Geopolitical developments amid tariff woes that troubled the secondary markets in H1 were another cause of primary markets' tepid show in H1. 'Volatility spooked investors, especially retail participants, leading them to exit IPO stocks quickly—even with modest listing gains. As a result, sustainable post-listing rallies have been rare, with many investors preferring safety over potential upside,' Tapse added. Primary market outlook H2CY25 Analysts, while expecting the primary market to witness the rollout of a healthy number of IPOs, remain divided on their performance in the second half of the calendar year. "We have already seen robust investor interest across both primary offerings and secondary market block or bulk deals. There's ample liquidity and merchant bankers and promoters are likely to capitalise on the current environment," said Agrawal. Tapse, on the other hand, recommends a disciplined, cautious approach with a long-term mindset for IPO investors in 2025. After the underperformance of many H1 listings, he said, investor appetite has become more selective. 'H2CY25 is expected to remain active, but more selective and valuation-conscious compared to the frenzied activity seen in previous years,' he added.
Business Standard
11-06-2025
- Business
- Business Standard
Borana Weaves standalone net profit rises 11.11% in the March 2025 quarter
Sales rise 28.26% to Rs 78.70 crore Net profit of Borana Weaves rose 11.11% to Rs 10.90 crore in the quarter ended March 2025 as against Rs 9.81 crore during the previous quarter ended March 2024. Sales rose 28.26% to Rs 78.70 crore in the quarter ended March 2025 as against Rs 61.36 crore during the previous quarter ended March 2024. For the full year,net profit rose 70.41% to Rs 40.20 crore in the year ended March 2025 as against Rs 23.59 crore during the previous year ended March 2024. Sales rose 45.84% to Rs 290.31 crore in the year ended March 2025 as against Rs 199.06 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 78.7061.36 28 290.31199.06 46 OPM % 21.7527.18 - 21.7620.69 - PBDT 16.7015.34 9 62.9137.55 68 PBT 13.5111.88 14 49.8528.40 76 NP 10.909.81 11 40.2023.59 70
Mint
31-05-2025
- Business
- Mint
Stock market this week: Top gainers and losers you can't afford to ignore
India's Gross Domestic Product (GDP) registered a robust growth of 7.4% in the January–March quarter of the financial year 2024–25, surpassing market expectations and marking the highest quarterly growth in the past year. This strong performance reflects the continued momentum in economic activity, driven by resilient domestic demand, increased government spending, and a steady revival in key sectors such as manufacturing, construction, and services. The manufacturing sector, in particular, witnessed notable growth, supported by improved industrial output and rising capacity utilization. The services sector also maintained its upward trajectory, with increased activity in finance, real estate, and professional services. Additionally, infrastructure development and higher capital expenditure by the government contributed positively to the growth figures. Agriculture, although subject to seasonal variations, remained stable and supported rural consumption. 2. Belrise Industries made a strong debut in the market, getting listed at a premium of 11.11% over its issue price of ₹ 90, reflecting investor confidence and positive market sentiment. Similarly, Borana Weaves was listed at a premium of 12.5% over its issue price of ₹ 216, indicating robust demand and favorable reception. In addition to these listings, several recent Initial Public Offerings (IPOs) witnessed healthy oversubscription levels. The IPO of Aegis Vopak Terminals was oversubscribed by 2.20 times, while Schloss Bangalore saw even stronger interest, being oversubscribed by 4.72 times. These figures suggest strong participation from investors across categories. Notably, the IPO of Prostarm Info garnered exceptional attention with an oversubscription of 96.68 times, marking a significant milestone in terms of demand and investor enthusiasm. Similarly, the IPO of Scoda Tubes Info attracted substantial interest, being oversubscribed by 57.37 times. These oversubscription numbers highlight the high level of interest in the primary market and the growing participation from retail and institutional investors. The successful listings and strong subscription figures reflect an active IPO market and demonstrate investor optimism toward emerging companies across various sectors. The momentum seen in these offerings underscores the ongoing vibrancy in India's capital markets. 3. Several asset management companies have recently launched New Fund Offers (NFOs), adding a diverse range of investment options to the mutual fund landscape. Motilal Oswal AMC introduced the Motilal Oswal Services Growth Direct Plan, aiming to tap into the potential of India's expanding services sector. ICICI AMC launched the ICICI Prudential Nifty200 Quality 30 Index Growth Direct Plan, offering investors an opportunity to invest in a quality-focused index composed of 30 high-ranking companies from the Nifty 200 universe. Nippon India AMC rolled out the Nippon India BSE Sensex Next 30 Index Growth Direct Plan, which aims to capture the performance of the next line of large-cap companies beyond the Sensex 30. Union AMC has launched the Union Income Plus Arbitrage Active FoF Growth Direct Plan, a fund of funds designed to deliver steady returns through arbitrage opportunities, with active allocation strategies. Unifi AMC introduced the Unifi Flexi Cap Growth Direct Plan, a flexible investment approach that spans across large-cap, mid-cap, and small-cap segments to leverage opportunities across market capitalizations. These NFOs reflect a dynamic and evolving market environment where AMCs continue to introduce innovative products to cater to varied investor preferences, focusing on sectoral growth, quality indices, and flexible asset allocation strategies. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera.
Mint
29-05-2025
- Business
- Mint
Ather Energy to Borana Weaves: IPO-lock-in expiry for 61 companies to release $21 bn worth of shares in 4 months
IPO lock-in expiry: A total of 61 companies are slated to have their pre-listing shareholder lock-ins lifted between May 28, 2025 and September 22, 2025, which could potentially free up shares amounting to $21 billion, according to a report by domestic brokerage Nuvama Alternative & Quantitative Research. Some of the key companies that will witness IPO lock-in expiries include recently listed Ather Energy and Borana Weaves. While the value of shares set to be open for trading pertains to the total lock-up opening shares, it's important to understand that not all of these shares will be sold. This is because a sizable portion of these shares is also held by the promoter and promoter group companies. Nuvama said it has only considered those companies that got listed on the Indian stock exchanges by May 26, 2025. The lock-in period for an IPO is a specified duration during which certain shareholders, like promoters and anchor investors, are prohibited from selling their shares. These lock-in regulations are designed to promote stock price stability and allow the company time to establish itself in the market after its IPO. The duration of the IPO lock-in period varies depending on the category of investor — such as promoters, anchor investors, and non-promoter shareholders. Here is a detailed list of companies set to face IPO lock-in expiry over the next few months: Only Ather Energy and Borana Weaves shares are among those that will see one-month and three-month IPO lock-in expiries. Around 21 million shares of Ather Energy will be available for trade on June 2, followed by another 21 million on July 31. Meanwhile, 2 million shares of Borana Weaves will be available for trading on June 23, and an additional 2 million will be up for trading on August 21. Ather Energy shares are currently trading below their IPO price of ₹ 321 apiece. The stock had listed at ₹ 328 in May. Meanwhile, Borana Weaves stock had listed two days ago at ₹ 243 as against the IPO price of ₹ 216. Today, the stock closed the session at ₹ 232.55, below its listing price but above the issue price. Some 28 companies will see their six-month IPO lock-in expiry between June 2 and August 18. Enviro Infra, Vishal Mega Mart, Sai Life Sciences, Mamata Machinery, Unichem Aerospace and Dr Agarwal's Health Care are some of the companies up for six-month lock-in expiries. Disclaimer: The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
