Blogs, insights, guides and videos on India's unlisted market — all in one place.
In September 2025, thirty-two institutional allottees paid ₹10 a share for 63SATS Cybertech. Ten months later the unlisted market quotes ₹24 to ₹28. The company's own FY26 annual report explains what the business actually does, where ₹28 crore of marketing money went, and what book value per share really is.
Almost every chemical inside a lithium-ion battery comes from China. GFCL EV Products spent FY26 trying to change that.
Signify India's profit rose 38% — but ₹90.9 cr of it was one-time. Why the Philips lighting maker gave up its own factory, and what it cost.
boAt sold less in FY26 and still made 43% more profit. Impressive — until you notice where the money came from: a slashed ad budget, a smartwatch retreat, and fewer warranty claims. Now run those earnings through the market's arithmetic ahead of the IPO, and a company once marked near ₹11,000 crore starts looking like a ₹3,000 crore one
IPL's FY26 revenue surged 57% on higher subsidies and volumes, but profit growth lagged at 15% due to soaring finance costs and lower sugar earnings
India Exposition Mart makes money selling empty space — 57 acres of it in Greater Noida, monetised six different ways. Now it's filed for an IPO. We go through the DRHP: how the business works, three years of P&L, balance sheet and cash flow, and why profits fell even as revenue grew 20%.
API Holdings could be debt-free within days. That clears the first of two conditions standing between PharmEasy and a reverse merger into Thyrocare — the second being profitability without leaning on Thyrocare's numbers. If both land, Thyrocare shareholders may wake up owning a piece of an e-pharmacy. Not everyone will want it.
Motilal Oswal has committed ₹1,500 crore to Inox Clean Energy, with ₹1,000 crore already paid in. The renewables platform will spend most of it buying rivals as it targets 10 GW of capacity by FY28.
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