Analysis, guides and explainers on India's unlisted market — from IPO pipelines to ESOP liquidity.
<p>Cochin International Airport Limited (CIAL) has unveiled plans for premium flight operations to Thailand’s Suvarnabhumi Airport (BKK) by Thai Airways, scheduled to commence on March 31, 2024. This strategic addition, incorporated into CIAL’s 2024 Summer Schedule, is poised to elevate Kochi - Bangkok connectivity to 10 flights per week.</p> <p>Presently, CIAL manages daily Air Asia flights to Don Mueang International Airport (DMK), Bangkok. The forthcoming Thai Airways service will operate three weekly flights departing from Bangkok on Tuesday, Thursday, and Saturday nights, arriving in Kochi shortly after midnight. Departing at 21:40, TG347 is expected to touch down in Kochi at 00:35 the next day, with the return flight, TG348, departing Kochi at 01:40 every Wednesday, Friday, and Sunday, and reaching Bangkok (BKK) at 07:35.</p> <p>This strategic route reinforcement solidifies CIAL’s position as a pivotal hub for international travel, not only facilitating direct flights to Thailand but also enhancing the overall travel experience. Managing Director S. Suhas has underscored the significance of Thai Airways' premium service, emphasizing CIAL’s dedication to providing diverse and convenient travel options.</p> <p>In terms of expansion, CIAL has outlined plans to introduce new routes, augmenting both international and domestic air travel. In addition to global initiatives, the airport is gearing up to launch services to Kannur, Mysore, Trichy, and Tirupati by the end of January through Alliance Air. This comprehensive expansion strategy underscores CIAL’s commitment to improving regional and global air travel accessibility.</p> <p>Insights and analysis suggest that CIAL's focus on expanding international connectivity aligns with the growing demand for diverse travel options. The introduction of premium services by Thai Airways not only enhances passenger experience but also strengthens CIAL's competitiveness as a regional aviation hub, attracting travelers and bolstering economic ties between Kochi and Bangkok.</p>
<p>In a strategic move to strengthen its financial standing, MobiKwik, a key player in the Indian digital payments sector, has successfully secured a substantial INR 10 crore loan from Equentia Financial Service Pvt. Ltd. This strategic decision is focused on ensuring that MobiKwik maintains sufficient liquidity to meet its day-to-day operational needs.</p> <p>The fiscal trajectory of MobiKwik not only highlights robust growth but also underscores a commendable level of resilience. In the initial half of 2024, the company not only attained profitability but also experienced a significant surge in operating revenues. This notable upswing serves as a compelling indicator of MobiKwik's flourishing financial performance and sustained profitability. Importantly, this performance marks a noteworthy advancement compared to the fiscal year 2023, where MobiKwik not only successfully reduced its losses but also sustained its operational income at a level consistent with the preceding year.</p> <p>In its pursuit of expanding its financial reach, MobiKwik is actively considering entering the public domain. Recently, the company officially submitted its comprehensive plan, the Draft Red Herring Prospectus (DRHP), to the Securities and Exchange Board of India (SEBI). This carefully crafted plan outlines MobiKwik's ambitions to raise capital by issuing new shares to the public, representing a strategic move aimed at fostering further growth and seizing emerging market opportunities. This strategic decision aligns seamlessly with MobiKwik's overarching vision of establishing itself as a pivotal player in the dynamically evolving realms of digital payments and financial technology.</p>
<p>In a major move, OYO, a leading hospitality tech company, has announced the opening of 65 homestays and hotels in Ayodhya ahead of the Ram Temple consecration on January 22, 2024. This initiative comes in response to a significant 350 percent increase in searches for Ayodhya on OYO's platform in the past year, aiming to reshape the city's tourism landscape.</p> <p>These newly introduced properties consist of 51 OYO homestays and 14 strategically located hotels, ready to accommodate the expected rise in visitors. OYO's expansion aligns perfectly with its commitment to offer affordable and comfortable stays, specifically designed for travelers exploring Ayodhya's rich religious and cultural heritage.</p> <p>An essential part of this expansion is OYO's collaboration with the Ayodhya Development Authority and the Uttar Pradesh State Tourism Development Corporation, showcasing the company's dedication to supporting local economies and creating job opportunities in the region.</p> <p>Brijesh Pathak, Deputy Chief Minister of Uttar Pradesh, expressed excitement about OYO's expansion, highlighting its potential to enhance accommodation capacity and improve the overall pilgrim experience. He praised OYO's focus on local homestays, emphasizing its alignment with the mission to empower Ayodhya's residents and showcase the city's cultural heritage authentically.</p> <p>Deepa Malik, Independent Director at OYO, emphasized the company's commitment to inclusivity by identifying 15 OYO homestays in Ayodhya equipped with ramps, making it convenient for diverse travelers, including those with disabilities.</p> <p>Jaiveer Singh, Cabinet Minister for Tourism & Culture, Uttar Pradesh, commended OYO's dedication to affordability and quality. He expressed confidence that this collaboration will play a key role in boosting tourism and creating economic opportunities for the region.</p> <p>Looking forward, OYO has ambitious plans to launch 400 properties in major spiritual destinations across India by the end of the year, including Ayodhya, Puri, Shirdi, Varanasi, Amritsar, Tirupati, Haridwar, Katra-Vaishno Devi, and the Char Dham route. This expansion reflects OYO's broader vision to contribute significantly to the growth and development of spiritual tourism in the country.</p> <p>In conclusion, OYO's strategic expansion in Ayodhya not only caters to the needs of religious tourists but also makes a meaningful contribution to the overall development of the city's hospitality sector. As OYO continues to lead in providing affordable and quality accommodations, Ayodhya is poised to become a prominent destination for spiritual tourism under its thoughtful stewardship.</p>
<h2>Introduction</h2> <p>The Indian financial sector is buzzing with the anticipation of HDFC Securities' upcoming IPO. As a leading player in the broking industry, HDFC Securities' pre-IPO financials offer a compelling narrative of growth, resilience, and future potential. This analysis aims to dissect HDFC Securities' financial health and compare it with its listed peer, Angel Broking, to provide a comprehensive view for potential investors.</p> <h2>A) HDFC Securities: 9MFY24 Financial Performance Highlights</h2> <h3>1. Robust Revenue Growth</h3> <p>HDFC Securities has demonstrated an impressive 28% increase in revenue, soaring from INR 1,400 Crore in 9MFY23 to INR 1,800 Crore in 9MFY24. This surge in revenue is a testament to the company's growing market presence and successful strategic initiatives, marking it as a significant player in the broking industry.</p> <h3>2. EBITDA Margin Analysis</h3> <p>Despite the revenue hike, a decline in EBITDA margin from 58% to 50% signals a need for introspection into the company’s cost management strategies. This decline is attributed to higher finance costs or other operational expenses, potentially linked to expansion strategies or market dynamics.</p> <h3>3. Profit After Tax (PAT) and Earnings Per Share (EPS)</h3> <p>The Profit After Tax growth, at 8%, indicates a modest increase in net earnings, despite the significant revenue growth. This suggests that not all revenue increases have translated into bottom-line profits. However, an EPS of 397 in 9MFY24, with a projection of around 550 for the full fiscal year, points to a strong earning potential.</p> <h3>4. Valuation Metrics</h3> <p>At a current market price of INR 11,000 per share, leading to a market capitalization of INR 17,500 Crore and a Price-to-Earnings (P/E) ratio of 20x, HDFC Securities is priced reasonably. This valuation necessitates a comparison with industry standards and peers for a well-rounded assessment.<br /><br /><img src="https://unlistedzone.com/storage/knowledge-logo/app_image-1705660084.jpeg" alt="" width="377" height="373" /></p> <h2>B) Comparative Analysis with Angel Broking</h2> <h3>1. Revenue and PAT Growth</h3> <p>Angel broking in the first 9MFY23 has clocked a revenue of 2915 Cr vs 2176 Cr in 9MFY24. Jump of 34%. Angel Broking's revenue growth at 34% marginally surpasses that of HDFC Securities. <br /><br />PAT has also gone up from 624 Cr in 9MFY23 to 785 in 9MFY24. Jump of 25%. Angel Broking's 25% increase in PAT significantly outshines HDFC Securities, suggesting more efficient cost management or a varied revenue mix.<strong> </strong></p> <h3>2. Market Capitalization</h3> <p>Angel Broking stands at a higher market valuation with a capitalization of INR 28,000 Crore and a P/E of 26x. This disparity in valuation might reflect the market's perception of the companies' growth potential and investor confidence in Angel Broking.</p> <h2>C) Investment Considerations for HDFC Securities</h2> <h3>1. Market Positioning</h3> <p>As a well-established name in the financial services sector, HDFC Securities holds the potential for robust growth, particularly considering its current valuation in the unlisted market.</p> <h3>2. Financial Health</h3> <p>The dip in EBITDA margin is a red flag for potential investors. It is crucial to monitor HDFC Securities' approach to cost management and its impact on overall profitability.</p> <h3>3. Comparative Performance</h3> <p>Angel Broking’s performance in the listed market serves as a valuable benchmark. Differences in business models, market strategies, and customer segments should be considered when analyzing HDFC Securities’ potential.</p> <h3>4. Potential Upside</h3> <p>With its current market valuation and growth trajectory, HDFC Securities may present a lucrative investment opportunity, especially if it continues its growth momentum post-IPO.</p> <h2>D) Conclusion</h2> <p>HDFC Securities exhibits strong growth potential in its pre-IPO phase, though concerns around cost management require careful analysis. The comparison with Angel Broking sheds light on its market positioning and potential in the broader financial services landscape. Investors are advised to consider market dynamics, investor sentiment, and strategic initiatives before making an investment decision in HDFC Securities. The upcoming IPO could mark a significant milestone in the company's journey, potentially unlocking value for investors willing to delve into the nuances of the broking sector.</p> <hr /> <p><em>This analysis offers a snapshot of HDFC Securities in the pre-IPO phase and should not be construed as investment advice. Investors are encouraged to conduct their research or consult a financial advisor for personalized guidance.</em></p>
<p>In a strategic move set to make waves in the financial landscape, HDB Financial Services, a non-banking subsidiary of HDFC Bank, is gearing up for its Initial Public Offering (IPO) process. CFO Srinivasan Vaidyanathan has revealed that preparations are underway, with the IPO listing requirement scheduled for September 2025. This move follows HDFC Bank's decision to list its 94.7% stake in HDB Financial Services.</p> <p><br />HDB Financial Services has marked a remarkable financial journey, showcasing substantial growth in net revenue, profit after tax, and an outstanding total loan book that reached a staggering 840 billion as of December 31, 2023. The company's ambitious expansion plans include a vision to grow its branch network to over 13,000 branches within the next five years.<br /><br />As a leading Non-Banking Financial Company (NBFC), HDB Financial Services has successfully established a robust presence across urban and rural India, boasting a network of 1,400 branches. The company's diversified portfolio encompasses a range of financial products, from personal loans and business loans to auto loans and credit cards.</p> <p>Despite the economic challenges posed by the COVID-19 pandemic, HDB Financial Services has demonstrated resilience and sustained growth. The company's positive financial performance, marked by increases in assets under management, revenue, and profit after tax, positions it as a stalwart player in the financial sector.</p> <p>CFO Srinivasan Vaidyanathan emphasized the importance of commencing IPO preparations in the coming months to ensure flexibility in market timing. The process involves filing necessary papers with the Securities and Exchange Board of India (SEBI) and securing the required regulatory approvals.<br /><br />As of December 31, 2023, HDFC Bank holds a substantial 94.7% stake in HDB Financial Services. The October-December quarter of the fiscal year 2023-24 saw HDB Financial Services reporting a profit of Rs 640 crore, a notable increase from Rs 500 crore in the corresponding quarter the previous year. The total loan book size for the same period surged to Rs 84,000 crore, showcasing substantial growth from Rs 65,100 crore.<br /><br />As the anticipation builds around HDB Financial Services' upcoming IPO, the financial community awaits this significant event that is poised to leave a lasting impact on the Indian market.<br /><br />If you want to buy or sell HDB Financial Services unlisted shares, you can visit UnlistedZone or you can install UnlisteZone App from Google Play Store.</p> <p>Additionally, if you have any specific inquiries or need assistance, you can reach out via our <a href="/contact-us">contact page</a> or drop an email to [email protected]</p>
<div class="min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&]:mt-5 overflow-x-auto" data-message-author-role="assistant" data-message-id="d6c87783-b44b-42a6-a473-6a9bdf892c1d"> <div class="markdown prose w-full break-words dark:prose-invert light"> <p>HDB Financial Services, a renowned Non-Banking Financial Company (NBFC) established in 2008, recently announced its impressive financial results for the quarter ending December 31, 2023, and the nine-month period of FY24. These results are particularly significant for investors and analysts interested in HDB Financial unlisted shares, as they provide valuable insights into the company's financial health and future prospects.</p> <p><strong>Key Financial Highlights and Growth in HDB Financial Unlisted Share Value</strong></p> <p>In the latest financial reports, HDB Financial Services showcased a steady growth trajectory. The company's <strong>Net Interest Income</strong> for the 9 months ended December 31, 2023, witnessed a 23% increase, reaching INR 8098 crore compared to INR 6546 crore in the preceding 9 months of the same fiscal year. This uptrend is a positive indicator for the valuation of HDB Financial unlisted shares.</p> <p>Moreover, over the nine months ending in FY24, the total revenue surged by 14%, amounting to Rs. 10504.3 crore, up from Rs. 9182.7 crore in the same period the previous year. This robust growth in revenue underscores the company's strong performance and the increasing attractiveness of HDB Financial unlisted shares in the financial market.</p> <p><strong>Expense Management and Operational Efficiency</strong></p> <p>The total expenses for the quarter ended December 31, 2023, saw a modest rise of 1.4%, totaling Rs. 2746.2 crore, compared to Rs. 2708.9 crore in the previous quarter. Over the nine months, the expenses increased by 10.4% to Rs. 8081.4 crore. This controlled increase in expenses reflects HDB Financial Services' effective cost management strategies, further enhancing the appeal of HDB Financial unlisted shares.</p> <p><strong>Profitability Analysis</strong></p> <p>A key highlight for investors in HDB Financial unlisted shares is the company's profitability. The Profit Before Tax (PBT) for the quarter ended December 31, 2023, grew by 6% to Rs. 855.6 crore from Rs. 806.8 crore in the previous quarter. The PBT for the nine-month period showed an even more impressive increase of 27.9%, reaching Rs. 2422.9 crore, up from Rs. 1894.2 crore in the previous year. This substantial growth in profitability is a strong signal for the potential of HDB Financial unlisted shares.</p> </div> </div> <div class="min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&]:mt-5 overflow-x-auto" data-message-author-role="assistant" data-message-id="f590f2f5-a095-4716-81d3-e6427bfbf4e0"> <div class="markdown prose w-full break-words dark:prose-invert light"> <p>Similarly, the net profit for the quarter under review also increased by 6% to Rs. 636.8 crore, compared to Rs. 600.8 crore in the previous quarter. For the nine months ending December 31, 2023, the net profit soared by 27%, reaching Rs. 1804.6 crore, up from Rs. 1413.9 crore in the same period of the previous fiscal year. This consistent rise in net profit highlights the solid financial foundation and growth prospects of HDB Financial Services, making HDB Financial unlisted shares an attractive proposition for investors.<br /><br /><strong>NPA <br /></strong><br />Gross NPA has also reduced from 3.23% in 9MFY23 to 2.75% in 9MFY24. </p> <p><strong>Diverse Product Portfolio and Robust Business Operations</strong></p> <p>HDB Financial Services has established itself as a key player in the NBFC sector, with a diverse product portfolio that includes consumer loans (such as gold, durable, auto, personal, and MF-backed loans), enterprise loans for SMEs, and asset finance for vehicles. The company also offers fee-based products like life and general insurance, in collaboration with HDFC Life and HDFC Ergo, enhancing its revenue streams.</p> <p>Additionally, HDB Financial Services provides Business Process Outsourcing (BPO) services, including collection services through its 15 call centers, in association with HDFC Bank. With a wide network of 1,468 branches across 1,070 cities, the company plays a pivotal role in serving both retail and commercial clients, thereby underpinning the growth potential of HDB Financial unlisted shares.</p> <p><strong>Conclusion</strong></p> <p>In conclusion, the financial results for the quarter and nine months ending December 31, 2023, of HDB Financial Services showcase a strong and growing financial profile. The company's revenue growth, controlled expense management, and increasing profitability are key indicators of its financial health. These factors, combined with its diverse product portfolio and expansive operational network, make HDB Financial unlisted shares an appealing option for investors looking for growth and stability in the financial sector.<br /><br /><img src="https://unlistedzone.com/storage/knowledge-logo/app_image-1705385224.jpeg" alt="" width="436" height="431" /></p> </div> </div>
<p>In a strategic move to bolster its marketing prowess, HDFC Securities, a leading investment services provider, has welcomed Puneeth Bekal as its Chief Marketing Officer (CMO) and Executive Vice President (EVP). The announcement underscores the company's commitment to navigating the dynamic landscape of financial services with a focus on digital innovation.</p> <p>Bekal, armed with over 19 years of rich experience in brands and marketing, brings a wealth of knowledge in brand strategy, marketing strategy, and digital marketing across diverse industries. His impressive career includes stints at renowned organizations such as Mastercard, Godrej Group, Lodha Group, and Ceat Tyres. Holding a marketing degree from IIM-Calcutta, Bekal has worked in more than 42 cities across India and seven countries, providing him with a profound understanding of India's diverse culture and global interconnectedness.</p> <p>The appointment comes at a crucial juncture as HDFC Securities aims to solidify its standing in the fragmented and evolving broking and distribution space in India. Dhiraj Relli, the Managing Director and CEO at HDFC Securities, expressed confidence in Bekal's ability to craft a new age, digital-first marketing ecosystem that distinguishes HDFC Securities in the industry.</p> <p>Bekal's immediate focus will be on steering the marketing department and elevating HDFC Sky, the flat pricing equity broking app launched in September 2023. His vision is to position HDFC Sky as the undisputed investment platform of choice for the vibrant community of young and millennial investors across the nation. Bekal highlighted the transformative power of cutting-edge technologies and emphasized leveraging these tools to unlock their full potential in the rapidly evolving financial landscape.</p> <p>Reflecting on his appointment, Bekal conveyed his enthusiasm for embarking on the journey with HDFC Securities, aligning with the shared vision of becoming the preeminent ally for financial investors. He emphasized the surge in over 10 crore new demat account openings in India since the pandemic, predominantly driven by a wave of young and tech-savvy investors, showcasing the dynamic shift in the financial landscape.</p> <p>Bekal's strategic initiatives aim to redefine the financial services landscape through innovation, personalized experiences, and a steadfast commitment to trust. The company aspires to solidify its position as the go-to destination for the next generation of investors.</p> <p>In recognition of his achievements, Bekal was recently honored as one of the "100 Most Influential Marketers" by Business World and authored the prestigious Business World Marketing White Book, further underlining his impact and influence in the marketing domain.</p> <p>As HDFC Securities propels itself into a new era under the leadership of Puneeth Bekal, the company is poised to leverage digital capabilities and cutting-edge technologies to meet the evolving needs of investors, making a significant mark in India's financial landscape.</p>
<p>In a significant stride towards redefining the travel experience, Otis India, a subsidiary of the globally renowned Otis Worldwide Corporation, has played a pivotal role in the seamless and efficient movement of a staggering 25 million passengers annually at the newly inaugurated Terminal 2 of Kempegowda International Airport in Bengaluru.</p> <p>Committed to meeting the demands of this monumental project, Otis India delivered a total of 107 units, including 29 escalators, 50 elevators, two dumbwaiters, and 26 moving walks. Each unit is meticulously designed with a keen focus on enhancing passenger experience, incorporating regenerative drives for energy-efficient operations.</p> <p>Excitement surrounds Otis India's involvement in this milestone project, where Terminal 2 is hailed as a tribute to the Garden City of Bengaluru. The passenger experience within this terminal is aptly described as a 'walk in the garden,' and Otis India has been instrumental in ensuring that this experience, along with movement throughout the terminal, is nothing short of exceptional.</p> <p>Terminal 2 not sets a new benchmark in sustainability. Boasting 100 percent usage of renewable energy, it is the largest terminal globally to be pre-certified with a platinum rating by the US Green Building Council (US GBC). Otis India, aligning with its commitment to smart technologies and energy efficiency, contributed to these sustainability efforts by integrating advanced elevators and escalators with building management systems. This not only enhances passenger comfort but also contributes significantly to cost savings.</p> <p>Sebi Joseph, President of Otis India, emphasized the pivotal role played by the aviation industry in India, showcasing a rapid growth trajectory with passenger capacity expected to reach 420 million in the next four years. As the government invests in airport infrastructure, Otis India takes pride in being at the forefront of providing innovative and environmentally friendly solutions to meet the escalating demands of the elevator industry.</p>
<p><strong>Introduction:</strong> <br /><br />As a testament to its long-standing legacy in India, Philips Domestic Appliances, after nearly a century of operations, is poised to escalate its business with an ambitious plan to double its presence in the next five years. A significant step in this direction is the inauguration of a new facility in Ahmedabad, Gujarat, which underscores the brand's commitment to expanding its manufacturing footprint in India.</p> <p><strong>Leveraging Local Manufacturing Strengths:</strong> <br /><br />The new Ahmedabad facility is a cornerstone of Philips Domestic’s strategy to fortify its position in the Indian market. Henk Siebren de Jong, the global CEO, has emphasized the strategic importance of local manufacturing to meet the increasing demand for premium home appliances. This state-of-the-art facility will not only enhance production capabilities but also streamline the supply chain, reduce reliance on imports, and boost the Philips Domestic Unlisted Share in the Indian economy.</p> <p><strong>Market Resilience and Growth:</strong> <br /><br />The company's resilience is evident from its robust performance during the festival seasons. With the new facility, Philips Domestic aims to tap deeper into the Indian market, catering to both the high demand in metros and the growing appetite in Tier-II and Tier-III cities. The expansion in Ahmedabad is expected to play a pivotal role in addressing the premium segment's needs, which has seen a steady increase in consumer spending.</p> <p><strong>Strategic Localization and Product Diversification:</strong> <br /><br />The Ahmedabad plant represents Philips Domestic's commitment to localization. By reducing the current 70 percent import rate for components, the company is set to leverage the 'Make in India' initiative, strengthening its offerings like the Philips Air Fryers, introduced in 2012, and responding to the Indian consumers' evolving preferences.</p> <p><strong>Consumer-Centric Approach and Quality Assurance:</strong> <br /><br />The company's growth strategy firmly revolves around its consumer-centric approach. By ensuring product quality and innovation, Philips Domestic reinforces its vision where every customer becomes a brand ambassador. The Ahmedabad facility is expected to play a crucial role in upholding these standards, thereby ensuring a satisfied and loyal customer base.</p> <p><strong>Environmental Responsibility and Innovation:</strong> <br /><br />Amidst growing environmental concerns, Philips Domestic also focuses on combating air pollution in cities. The company is expanding its air purifier range, leveraging the new facility's capabilities to meet the surging demand for products that contribute to a healthier living environment.</p> <p><strong>Conclusion:</strong> <br /><br />With the Ahmedabad facility operational, Philips Domestic Unlisted Share is set for significant expansion, reinforcing its market leadership in India. The facility is not just a manufacturing hub but a beacon of Philips’ unwavering commitment to quality, innovation, and consumer satisfaction. For investors and consumers alike, Philips Domestic's clear strategic vision and steadfast growth plan herald a new era of opportunities in the Indian market.</p>
<p>One Mobikwik Systems, the Gurugram-based fintech platform, has recently resubmitted its Draft Red Herring Prospectus (DRHP) to SEBI, signaling a fresh attempt to launch an Initial Public Offering (IPO) and raise ₹700 crore.</p> <p><strong>Founders' Vision:</strong><br /><br />Founded by Bipin Preet Singh and Upasana Taku, Mobikwik is dedicated to utilizing technology for enhancing financial inclusion among underserved populations in India. Drawing on their expertise in technology and finance, the founders aim to provide an extensive range of payment and financial services to businesses and merchants.</p> <p><strong>Insights into the Mobikwik Unlisted Share IPO</strong><br /><br />a) <strong>Capital Raise: </strong>The IPO is set to mobilize ₹700 crore through a fresh equity issue with a nominal value of ₹2 per share.<br /><br />b) <strong>Strategic Placement:</strong> Mobikwik is contemplating a preferential pre-IPO placement of ₹140 crore in consultation with lead managers.<br /><br />c) <strong>Utilization of Funds</strong>: The anticipated ₹700 crore net proceeds will be allocated for diverse purposes, including fueling growth in financial services and payment solutions, investments in data, machine learning (ML), and artificial intelligence (AI), alongside capital expenditure for the payment devices business.</p> <p><strong>Financial Snapshot: As of September 30, 2023<br /></strong><br />a) Registered Users: 146.94 million<br />b) Merchants Enabled: 3.81 million<br />c) Robust Growth: Payment Gross Merchandise Value (GMV) up by 32.33% annually<br />d) Revenue (H1 2023): ₹381.09 crore<br />e) Profit After Tax (H1 2023): ₹9.48 crore</p> <p><strong>Financial Year 2022-23<br /></strong><br />a) Revenue: ₹539.47 crore<br /><br />b) Net Loss: ₹83.81 crore</p> <p><strong>IPO Management Team<br /></strong><br />a) Book-Running Lead Managers: SBI Capital Markets and DAM Capital Advisors<br /><br />b) Registrar: Link Intime India</p> <p><strong>Awaiting Specifics</strong><br /><br />Final details, including the IPO price band, lot size, and specific dates, will be unveiled in the Red Herring Prospectus (RHP) post-regulatory approval.</p> <p>In essence, Mobikwik's refiled DRHP underscores its commitment to utilizing IPO proceeds for strategic growth, technological advancements, and the continual expansion of its financial services landscape in India. As investors anticipate more details on pricing and key dates, the company charts its course towards a significant public listing on both BSE and NSE.</p>
<p>Merino, a significant player in decorative laminates in India, made a strong impact at FOAID 2023 in Delhi. Their booth wasn't just a display; it offered a forward-looking journey into the future of design, marked by innovation and style.</p> <p>A standout feature was India's First Health-Friendly Super Strong (HFSS) Chipboard, Merino FABWood. Crafted from pure eucalyptus wood using 3D chip bonding and Industry 4.0 German tech, FABWood guarantees high quality, unmatched strength, and sustainability. With low VOC emissions and a smooth surface, it seamlessly combines creativity, well-being, and eco-friendliness.</p> <p>Merino Imagino, the digital laminate, took the spotlight by transforming imagination into reality through digital printing. These laminates provide creative freedom, durability, and easy maintenance—a sustainable upgrade for any space in this era of advanced technology.</p> <p>The impressive display extended to durable Luxury Vinyl Flooring (LVT), such as Luvih with a neat matte surface resistant to fingerprints. Additionally, Merino Armour for tough exterior wall cladding, Hanex offering endless design possibilities, Merino Ecoclick with low VOC luxury vinyl flooring solutions, and Meister surfaces featuring premium panels with a PU+ acrylic coating showcased the versatility of Merino in modern Indian interiors, emphasizing eco-friendly luxury.</p> <p>As a sponsor for ARCHITECTURE IDEAS, Merino played a crucial role in supporting emerging architects. The sponsored design competition provided a platform for young firms to showcase innovative ideas, celebrating creative excellence and the industry's commitment to nurturing new talent.</p> <p>The two-day event went beyond showcasing products; it became an engaging journey. Attendees actively immersed themselves, guided by experts, sparking curiosity and potentially fostering future design enthusiasts. It wasn't just an expo but an exciting exploration of design, illustrating Merino's active involvement with the next generation of architects and designers and providing a firsthand look into their passion for shaping the future of design.</p> <p>As a sponsor for ARCHITECTURE IDEAS, Merino played a key role in supporting emerging architects, providing a platform for innovative ideas and celebrating creative excellence. The two-day event went beyond product display, engaging attendees in an exploration of design realms, fostering curiosity and potential future design enthusiasts. It showcased Merino's dynamic involvement with the next generation, offering a firsthand look into their passion for shaping the future of design.</p>
<p>Sterlite Power, a key player in power transmission development and solutions in India and Brazil, has successfully acquired Neemrana II Kotputli Transmission Limited, a Special Purpose Vehicle (SPV), from PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC). The acquisition, secured through the Tariff Based Competitive Bidding (TBCB) process in November 2023, marks Sterlite Power’s twentieth power transmission project in India under this framework, contributing to a substantial portfolio of approximately INR 14,000 Crores.</p> <p>Operated on a Build, Own, Operate, Transfer (BOOT) basis for a 35-year term, the Neemrana II Kotputli Transmission Limited project aligns with Sterlite Power’s commitment to fostering a sustainable future. Pratik Agarwal, Managing Director of Sterlite Power, emphasized the project’s significance in facilitating the flow of 7.7 GW of green power, playing a pivotal role in India’s transition towards sustainability while ensuring reliable power access and minimizing climate change impact.</p> <p>The development involves two critical components: the construction of a 6000 MVA, 765/400kV substation at Neemrana and two 400 kV transmission lines spanning approximately 250 km. These transmission lines will connect Neemrana with the existing Kotputli substation and establish a LILO corridor connecting Neemrana II with Gurgaon & Sohna substations through the existing Gurgaon-Sohna line.</p> <p>Sterlite Power’s strategic focus on green energy projects is evident in its recent successes, including the acquisition of the Fatehgarh III Beawar Transmission Ltd (Phase III, Part G project) in March 2023 and the subsequent win of the Beawar Transmission Ltd. (Phase III, Part-F) in August 2023. These projects, combined with Neemrana II Kotputli Transmission Limited, constitute the construction of a 950 km long transmission corridor across Rajasthan, facilitating the evacuation of renewable energy from various Renewable Energy Zones (REZs), including Fatehgarh, Bhadla, Ramgarh, and Bikaner.</p> <p>With this latest project win, Sterlite Power’s green energy portfolio expands, bringing the total number of projects under its management to 9, reinforcing its commitment to advancing India’s renewable energy landscape.<br /><br />The cumulative impact of these projects, forming a 950 km long transmission corridor across Rajasthan, demonstrates a comprehensive approach to facilitating renewable energy evacuation from diverse Renewable Energy Zones (REZs). The company's strategic portfolio expansion reflects a proactive stance in contributing to India's energy transition and aligning with global sustainability goals.</p>
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