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IPO is entirely a fresh issue of 2 crore equity shares, according to the draft red herring prospectus (DRHP). The company is planning to use Rs 289.4 crore out of the IPO proceeds for acquisition of dry bulk carriers in the supramax category in the secondary market, and further use Rs 19.5 crore for repaying debt.

Malpani Pipes and Fittings is set to launch its SME initial public offering (IPO) on January 29, 2025, with a price band of Rs 85-90 per share. The IPO aims to raise Rs 25.92 crore through the issuance of 28.80 lakh fresh shares. Specializing in the manufacturing of high-quality pipes, including HDPE, MDPE, LLDPE, and Sprinkler and Drip Pipes under the Volstar brand, Malpani Pipes serves key sectors such as irrigation, telecommunications, and infrastructure.

Bitcoin and cryptoassets in the US, have nearly cemented digital assets as a mainstream financial asset class. Emerging markets too are increasingly embracing cryptoassets to modernize their financial systems. Amid this global momentum, India finds itself at a pivotal juncture, uniquely positioned to be a significant part of, and even lead, the global digital asset economy. Despite regulatory uncertainty and the risks involved, India is today a global Web3 powerhouse, contributing around 11% of the world’s Web3 developer base and ranking as the second-largest developer market globally. Indian founders now account for 5.4% of all Web3 startups worldwide, spearheading innovation across AI, DePIN (Decentralized Physical Infrastructure Networks), and scaling solutions.

Capital markets regulator Sebi on Sunday said it has launched a digital knowledge repository, "Dharohar — Milestones in the Indian securities market", on the occasion of the country's 76th Republic Day. The securities market, known for its diverse products, participants, and institutions, has a long-standing history of organised trading over the past 150 years, Sebi said. «Dharohar has been designed to document and showcase this rich heritage and evolution of the Indian securities market,» the regulator said in a statement.

US rate cuts and geopolitical tensions bolstered the appeal of silver last year. In the key London spot market, prices tested a 12-year high of $34.8 an ounce in October and ended the year with a gain of 37 percent. Meanwhile, domestic silver futures posted an 18 percent return, the highest annual return since 2020. Gold and silver have a strong positive correlation, and it usually exhibits similar price movements. Historically, both are considered precious metals and are often influenced by similar market factors. Last year gold surged more than 27 percent due to positive fundamentals like worsening geopolitical conditions and speculation over US rate cut decisions.

While the government has scope to accelerate capital expenditure given its current underspending, a substantial increase appears unlikely in the present economic climate, says Dhiraj Relli, MD & CEO at HDFC Securities. Edited excerpts from a chat on Budget expectations, Trump presidency and investing strategy for 2025:

Dr Agarwals Eye Hospital would utilize the funds raised through the forthcoming Initial Public Offering for payment of debts and to meet some general corporate purposes, an official said. The city-headquartered company, backed by Temasek Holdings and TPG is proposing to raise an aggregate of Rs 3,027.26 crore through its maiden IPO to open from January 29 to 31 at a price band of Rs 382 to Rs 402 per share. The public issue would be a combination of a 'fresh issue' of up to Rs 300 crore and an Offer for Sale of up to 6.78 crore equity shares worth Rs 2,727.26 crore by promoters and other shareholders.

Realty firm Macrotech Developers on Saturday reported 88 per cent increase in consolidated net profit at Rs 944.4 crore for December quarter FY25 on higher income amid strong housing demand. Net profit of Macrotech Developers, which sells properties under Lodha brand, stood at Rs 503.3 crore in the year-ago period. Total income rose to Rs 4,146.6 crore in the third quarter of this fiscal from Rs 2,958.7 crore in the corresponding period of the preceding year, according to a regulatory filing.

ICICI Bank on Saturday reported that its standalone Q3 profit after tax grew by 14.8% year-on-year (YoY) to Rs 11,792 crore while net interest income (NII) increased 9.1% YoY to Rs 20,371 crore during the December quarter. Its net interest margin stood at 4.25% in Q3 FY25 compared to 4.27% in Q2 of FY25 and 4.43% in Q3 of FY24. The net NPA ratio was flat sequentially at 0.42% while provisioning coverage ratio on non-performing loans was 78.2% at December-end.

shares of companies like Wipro, Coforge and Persistent Systems among others are expected to gain attention in the upcoming week as their record dates approach for corporate actions such as dividends, bonus share issuances, and stock splits. The record date is a crucial benchmark set by companies to identify the shareholders entitled to receive benefits such as dividends, stock splits, or bonus shares. Investors must ensure that their shares are reflected in their demat account on or before this date to qualify for the respective corporate actions.

new issues, the Street will also witness 6 listings. Denta Water, which received a massive subscription of 200 times for its IPO, will see its shares get listed on January 29.

Wall Street's main indexes closed lower on Friday as investors stepped back while they digested a mixed bag of economic data and earnings reports and prepared for a week filled with economic releases and a Federal Reserve meeting. The technology sector was the biggest drag on the market as megacap stocks, including artificial intelligence chip leader Nvidia, reversed a sharp rally earlier in the week.

government bonds in the secondary market in the week ending January 17 to ease the liquidity conditions. This is said to be the first such operation by the central bank in the last three years. Data released by RBI shows purchases were made across three sessions. The central bank bought ₹2,570 crore worth of government bonds on January 15, ₹4,480 crore on January 16, and ₹3,125 crore on January 17, the weekly statistical supplement (WSS) shows.

smallcap indices extended their losing streak to the third straight week as the risk-off sentiment paced by unrelenting foreign-fund selling has dampened investor appetite for these stocks. Nifty's Midcap 150 index fell 1.7% on Friday, the Smallcap 250 index dropped 2.15% and the Nifty 50 fell 0.5% at close. The declines took the total losses in both midcap and smallcap indices so far in 2025 to 6.8% and 9.9%, respectively. The Nifty 50 is down 2.3% in the period.

UltraTech Cement's open offer for subsidiary India Cements has seen a rare oversubscription, thanks to its high offer price. Less than 5% open offers launched since 2015 in the country have been fully subscribed, data compiled by ET showed. The ₹390-per-share offer, open from January 8 to 21, was subscribed 110%. It will increase UltraTech's stake in India Cements to 81.49%. India Cements' shares closed at ₹295.15 on Friday, marking a nearly 22% gain in a year.

Cyient in the near term and analysts do not rule out further declines in the stock. The sell-off in the stock eroded almost a quarter of the company's market value earlier in the day. It closed at ₹1,355 on Friday.

Subscribe to enjoy similar stories. US president Donald Trump issued a flurry of executive orders on his first day that have left investors on the edge. Meanwhile, small businesses are likely to receive a financial boost in the budget, while India’s top IT firms have reported subdued December-quarter earnings.

Subscribe to enjoy similar stories. New Delhi: The Union Budget for 2025-26 is expected to present a blueprint of reforms planned during Narendra Modi administration’s third term to boost investments and create jobs, besides outlining measures that states must take to ease business environment. Finance minister Nirmala Sitharaman’s roadmap will cover all aspects of production and technology, building on the ‘next generation reforms’ promised in July 2024 budget, according to two people informed about the discussions, who spoke on the condition of anonymity.

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The October-December period is usually the best for Indian airlines as the festive followed by the wedding season and year-end travels drive up demand for air transport.