Latest news with #JMFinancialLtd
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Business Standard
7 days ago
- Business
- Business Standard
JM Financial sees Indian IPOs adding $3 trillion market value over decade
The boom in initial public offerings in India could add $2 trillion to $3 trillion in market value over the next decade, according to Vishal Kampani, vice chairman and managing director of JM Financial Ltd. 'India is poised to become the most interesting and exciting market in the world,' Kampani said in a interview in Mumbai, referring to the IPOs that may take place in the world's most populous nation over the coming years. IPOs have raised more than $6 billion this year, according to data compiled by Bloomberg. HDB Financial Services Ltd., the shadow bank owned by India's biggest private lender HDFC Bank Ltd., has just raised $1.5 billion in an IPO, marking the largest first-time share sale this year, and one in which JM Financial was one of the lead banks. ICICI Prudential Asset Management Co. on Tuesday filed for an IPO to raise up to $1.2 billion. Investors are betting on India's growth potential, building on the momentum from last year's record levels of deal activity. Nearly $21 billion was raised in IPOs in 2024, including the country's biggest-ever listing by Hyundai Motor Co.'s local unit, and two others that exceeded $1 billion, the data showed. Even if some valuations may seem expensive in the short term, Kampani said, investors can still make substantial returns over the long run. 'One needs to have conviction in the India growth story,' he said. India's stock market benchmark Nifty 50 Index has gained about 8 per cent this year, recovering from a March low. Surprisingly, Kampani added, the pricing power in share sales has shifted to local investors, while a decade ago it was more in the hands of the foreign ones. 'The emergence of a strong domestic capital has been really unexpected,' the JM Financial investment banker said. Bigger tickets There's plenty more deals to come across sectors including renewable energy, consumer and retail, pharmaceuticals, manufacturing and financial services, Kampani said. 'We have the strongest ever pipeline of deals,' he said, adding that transactions are also getting bigger in size, with an increasing number of those crossing the $1 billion mark. Some upcoming IPOs include Tata Capital Ltd., the non-banking finance arm of Tata Group, which is planning to raise around $2 billion, in what could be the biggest listing this year. Walmart Inc.'s Phonepe, India's largest provider of digital payments, is preparing to file preliminary documents for an IPO that may raise as much as $1.5 billion, Bloomberg News had reported. And LG Electronics Inc. is considering reviving an IPO of its Indian unit as soon as September, people familiar with the matter have said. Rising M&A M&A activity is also on the rise with both companies and private equity firms actively doing deals, even though it is challenging to work on acquisitions when valuation multiples are high, the investment banker said. The volume of M&A deals involving Indian firms has reached $31 billion, a 18 per cent increase from the same period last year, according to data compiled by Bloomberg. 'Dealmaking in India is likely to maintain a robust pace as the economy continues to grow,' Kampani said.
Time of India
7 days ago
- Business
- Time of India
JM sees Indian IPOs adding $3 trillion market value over decade
The boom in initial public offerings in India could add $2 trillion to $3 trillion in market value over the next decade, according to Vishal Kampani, vice chairman and managing director of JM Financial Ltd. 'India is poised to become the most interesting and exciting market in the world,' Kampani said in a interview in Mumbai, referring to the IPOs that may take place in the world's most populous nation over the coming years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like They Are Unstoppable: The Most Beautiful and Talented Female Athletes Undo IPOs have raised more than $6 billion this year, according to data compiled by Bloomberg. HDB Financial Services Ltd. , the shadow bank owned by India's biggest private lender HDFC Bank Ltd., has just raised $1.5 billion in an IPO, marking the largest first-time share sale this year, and one in which JM Financial was one of the lead banks. ICICI Prudential Asset Management Co. on Tuesday filed for an IPO to raise up to $1.2 billion. Investors are betting on India's growth potential, building on the momentum from last year's record levels of deal activity. Nearly $21 billion was raised in IPOs in 2024, including the country's biggest-ever listing by Hyundai Motor Co.'s local unit, and two others that exceeded $1 billion, the data showed. Even if some valuations may seem expensive in the short term, Kampani said, investors can still make substantial returns over the long run. Live Events 'One needs to have conviction in the India growth story,' he said. India's stock market benchmark Nifty 50 Index has gained about 8% this year, recovering from a March low. Surprisingly, Kampani added, the pricing power in share sales has shifted to local investors, while a decade ago it was more in the hands of the foreign ones. 'The emergence of a strong domestic capital has been really unexpected,' the JM Financial investment banker said. Bigger tickets There's plenty more deals to come across sectors including renewable energy, consumer and retail, pharmaceuticals, manufacturing and financial services, Kampani said. 'We have the strongest ever pipeline of deals,' he said, adding that transactions are also getting bigger in size, with an increasing number of those crossing the $1 billion mark. Some upcoming IPOs include Tata Capital Ltd., the non-banking finance arm of Tata Group, which is planning to raise around $2 billion, in what could be the biggest listing this year. Walmart Inc.'s Phonepe, India's largest provider of digital payments, is preparing to file preliminary documents for an IPO that may raise as much as $1.5 billion, Bloomberg News had reported . And LG Electronics Inc. is considering reviving an IPO of its Indian unit as soon as September, people familiar with the matter have said. Rising M&A M&A activity is also on the rise with both companies and private equity firms actively doing deals, even though it is challenging to work on acquisitions when valuation multiples are high, the investment banker said. The volume of M&A deals involving Indian firms has reached $31 billion, a 18% increase from the same period last year, according to data compiled by Bloomberg. Those transactions include French consulting firm Capgemini SE's $3.3 billion purchase of IT outsourcing firm WNS Holdings Ltd., and Torrent Pharmaceuticals Ltd. 's $1.4 billion acquisition of a controlling stake in JB Chemicals & Pharmaceuticals Ltd. from private equity firm KKR & Co. 'Dealmaking in India is likely to maintain a robust pace as the economy continues to grow,' Kampani said.
Deccan Herald
07-07-2025
- Business
- Deccan Herald
Smartworks Coworking Spaces sets IPO price band at Rs 387 to Rs 407 per share
New Delhi, Smartworks Coworking Spaces Ltd on Monday fixed a price band of Rs 387-407 per share for its Rs 583 crore Initial Public Offering (IPO)..The IPO is scheduled to open for public subscription on July 10 and conclude on July 14, and the bidding for anchor investors would open for a day on July 9, the company company has revised its IPO size downward. The fresh issue has been reduced to Rs 445 crore from the earlier planned Rs 550 crore, while the Offer for Sale (OFS) has been cut to 33.79 lakh shares from 67.59 lakh the upper end of the price band, now the company's IPO size is estimated at Rs 583 crore, with a market valuation of about Rs 4,645 from the fresh issue to the tune of Rs 226 crore will be used for capital expenditure related to the fit-outs in new centres and security deposits for these new centres, Rs 114 crore will be allocated for payment of loans, and the remaining funds will be utilised for general corporate Coworking Spaces Ltd is a leading platform for office experiences and managed specialises in leasing large, bare-shell properties in prime locations and transforming them into fully serviced, tech-enabled campuses with modern campuses include cafeterias, sports zones, gyms, medical centres, and more, offering a modern and attractive work environment. The company cater to businesses of all sizes, with a focus on mid-to-large companies that need over 300 company is concentrated in cities including Bengaluru, Mumbai Metropolitan Region, Hyderabad, Gurugram and FY23 and FY25, Smartworks expanded its operations by adding 2.83 million sq ft of space under management, achieving a CAGR (compound annual growth rate) of 20.80 per strong pan-India presence, competitive pricing, and ability to lease entire or large properties make it a preferred partner for mid-to-large enterprises. This is reflected in the 20.80 per cent CAGR in space managed and a 38.98 per cent CAGR in revenue from operations during the same of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the remaining 15 per cent for non-institutional Financial Ltd, BOB Capital Markets Ltd, IIFL Securities Ltd and Kotak Mahindra Capital Company Ltd are responsible for managing the company's IPO process. The company shares are expected to be listed on July 17 on the BSE and NSE.
Business Standard
24-06-2025
- Business
- Business Standard
Volumes soar at Swan Energy Ltd counter
Swan Energy Ltd clocked volume of 157.89 lakh shares by 14:14 IST on NSE, a 9.54 times surge over two-week average daily volume of 16.55 lakh shares JM Financial Ltd, Usha Martin Ltd, NTPC Ltd, L T Foods Ltd are among the other stocks to see a surge in volumes on NSE today, 24 June 2025. Swan Energy Ltd clocked volume of 157.89 lakh shares by 14:14 IST on NSE, a 9.54 times surge over two-week average daily volume of 16.55 lakh shares. The stock gained 5.48% to Rs.449.80. Volumes stood at 16.61 lakh shares in the last session. JM Financial Ltd clocked volume of 406.71 lakh shares by 14:14 IST on NSE, a 8.59 times surge over two-week average daily volume of 47.37 lakh shares. The stock gained 8.22% to Rs.150.90. Volumes stood at 23.19 lakh shares in the last session. Usha Martin Ltd witnessed volume of 84.82 lakh shares by 14:14 IST on NSE, a 8.22 times surge over two-week average daily volume of 10.33 lakh shares. The stock increased 7.53% to Rs.333.50. Volumes stood at 6.44 lakh shares in the last session. NTPC Ltd saw volume of 913.18 lakh shares by 14:14 IST on NSE, a 7.93 fold spurt over two-week average daily volume of 115.09 lakh shares. The stock dropped 0.92% to Rs.329.55. Volumes stood at 82.78 lakh shares in the last session. L T Foods Ltd recorded volume of 85.96 lakh shares by 14:14 IST on NSE, a 6.95 times surge over two-week average daily volume of 12.37 lakh shares. The stock gained 8.47% to Rs.439.95. Volumes stood at 48.95 lakh shares in the last session.
Business Standard
24-06-2025
- Business
- Business Standard
Bajaj Consumer Care Ltd leads gainers in 'A' group
JM Financial Ltd, Man Infraconstruction Ltd, KRBL Ltd and Usha Martin Ltd are among the other gainers in the BSE's 'A' group today, 24 June 2025. JM Financial Ltd, Man Infraconstruction Ltd, KRBL Ltd and Usha Martin Ltd are among the other gainers in the BSE's 'A' group today, 24 June 2025. Bajaj Consumer Care Ltd soared 18.01% to Rs 199.2 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 5.68 lakh shares were traded on the counter so far as against the average daily volumes of 29643 shares in the past one month. JM Financial Ltd spiked 9.01% to Rs 151.9. The stock was the second biggest gainer in 'A' group. On the BSE, 14.07 lakh shares were traded on the counter so far as against the average daily volumes of 3.68 lakh shares in the past one month. Man Infraconstruction Ltd surged 7.68% to Rs 173.1. The stock was the third biggest gainer in 'A' group. On the BSE, 91150 shares were traded on the counter so far as against the average daily volumes of 67041 shares in the past one month. KRBL Ltd spurt 7.67% to Rs 358.65. The stock was the fourth biggest gainer in 'A' group. On the BSE, 39195 shares were traded on the counter so far as against the average daily volumes of 43629 shares in the past one month. Usha Martin Ltd gained 7.59% to Rs 333.65. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.64 lakh shares were traded on the counter so far as against the average daily volumes of 22145 shares in the past one month.
