The Compounding Thesis

[The Compounding Thesis @compoundthesi]

With this new charges on UPI transaction above Rs 2000, India will go back to be a cash economy.
Govt killed the one thing which was working flawlessly in India

#upi #tax #india

[The Compounding Thesis @compoundthesi]

HDFC hits a new 52 weeks low today.

Is it a falling knife or the market is overreacting?

What we all know is that it's still a solid bank

#hdfc #nse #bse #profits

[The Compounding Thesis @compoundthesi]

Six mainboard IPOs opening today - unusual heavy supply

- LCC Projects (₹139-146)

Issue ₹427cr: Fresh ₹258cr + OFS ₹169cr
GMP ~₹21-30 (15-20%)
Revenue ₹2,918cr→₹3,600cr (+23%), PAT ₹224cr→₹286cr (+28%)

- Rentomojo (₹384-404)

Issue ₹1,256cr: Fresh ₹150cr + OFS ₹1,106cr (OFS-heavy)
GMP ~₹115-149 (28-37%)
Revenue ₹266cr→₹387cr (+45%), PAT ₹43cr→₹104cr (+142%, but ~₹37cr is a one-time tax credit)

- Steamhouse India (₹77-81)

Issue ₹414-425cr: Fresh ₹345-353cr + OFS ₹80cr
GMP ~₹0
Revenue ₹395cr→₹491cr (+24%), PAT ₹31cr→₹39cr (+24%)

- Manipal Payment & Identity (₹322-339)

Issue ₹805cr: Fresh ₹320cr + OFS ₹485cr (OFS-heavy)
GMP ~₹38 (+11%)
Revenue ₹1,277cr→₹1,357cr (+6%), PAT ₹282cr→₹253cr (-10%)

- Karamtara Engineering (₹241-254)

Issue ₹875cr: Fresh ₹675cr + OFS ₹200cr
GMP ~₹58 (+22-23%)
Revenue ₹3,165cr→₹4,316cr (+36%), PAT ₹139cr→₹229cr (+64%)

- ARCIL (₹132-139)

Issue ₹733cr: 100% OFS, ₹0 fresh — company gets no proceeds
GMP ~₹0
Revenue +24-26% YoY, PAT +15% YoY

Which ones are you applying for?

#nse #bse #StockMarketUpdate #StockInNews #IndianStockMarket #ipo #ipogmp

[The Compounding Thesis @compoundthesi]

All about - Qualiance International IPO

This is an NSE SME IPO — the highest-risk IPO category (thin liquidity, small free float, retail-driven pump-and-dump patterns are common). Lead with that before the numbers.

Issue size & split — ₹45.11 cr, 100% fresh issue (35.52 lakh shares), no OFS component — so this is capex-funded, not a promoter exit.

Price band & lot size — ₹120–₹127/share. Lot size 1,000 shares; minimum retail application is 2 lots (₹2,54,000) — a high entry ticket, typical of SME issues designed to keep retail participation concentrated.

Key dates — Opens Sep 4, 2026; closes Sep 8; allotment Sep 9; listing on NSE SME Sep 11, 2026. It opened today.

FY revenue & PAT, YoY — FY25 revenue ₹55.06 cr, PAT ₹4.90 cr. FY26 (year ended Mar 2026): revenue ₹80.95 cr, PAT ₹11.87 cr — revenue +47% YoY, PAT +142% YoY. the profit jump outpacing revenue growth this sharply over one year warrants scrutiny — check the RHP for what drove the margin expansion (one-off order, tax credit, operating leverage) rather than assuming it repeats.

Valuation (P/E, market cap) —Post-issue shares ≈1.345 cr. EPS ≈ ₹8.83 (FY26 PAT/post-issue shares). At upper band ₹127: P/E ≈14.4x, market cap ≈₹171 cr. Sources list P/E as "N/A" so treat my figure as an estimate, not a quoted number — cross-check against the RHP before using it.

Business/market position — Tiruppur-based exporter of technical/performance garments (military, tactical, high-vis workwear) for government, institutional and export clients (Switzerland, EU, US). Single facility, 45,000 sq ft, 4.5 lakh units/yr capacity. ₹38 cr of proceeds fund a new Tiruppur facility — this is a single-site, single-geography-cluster business; a fire, labour dispute, or client concentration issue at that one plant is a real tail risk with no fallback.

GMP — Sources disagree materially: ₹27 (one tracker, Sep 2), ₹50–₹55 (others, "upcoming" tag, undated), ₹0 ("not yet started," one tracker). Grey market premium is unregulated and these trackers aren't in sync — don't anchor a decision to any single GMP figure right now; check a live tracker yourself closer to close.

BRLM & registrar — Hem Securities Ltd. (lead manager); MUFG Intime India Pvt. Ltd. (registrar); Hem Finlease Pvt. Ltd. is the market maker.

#sensex #nifty #ipo #ipogmp

[The Compounding Thesis @compoundthesi]

Poojaa Precision IPO opened yesterday:

- Issue structure
₹159.83cr, 100% fresh issue (0 OFS) — no promoter cashing out, full proceeds into the company

-Price band & lot
₹285–₹301; lot size 800 shares (400 in one source's older listing, current is 800); min retail investment ₹2,40,800

- Key dates
Open Jul 28 → Close Jul 30 → Allotment Jul 31 → Listing Aug 4, 2026, BSE SME

- FY revenue & PAT (YoY)
Revenue ₹295.2cr (FY26) vs ₹222.8cr (FY25), +32%
PAT ₹30.9cr (FY26) vs ₹23.93cr (FY25), +29%

- Valuation
Post-issue P/E 19.43x, EPS ₹15.49, P/B 3.19x, RoNW 23.21%, market cap ₹600.34cr [Likely — sourced from a single aggregator, not cross-verified against a second]

- Flag: post-issue P/E of 19.43x sits above the cited listed-peer range of 9.15x–15.19x, and the company has no direct listed peer — so that peer comparison itself is a soft one that the gap exists, Guessing on how comparable those peers actually are]

- ROE 28.18%, ROCE 26.38%, D/E 0.31x — genuinely strong return ratios
Business/market position
Precision engineering (aluminium die-casting, machining), 600+ SKUs, serves auto/EV/aerospace/defence/energy/healthcare; Chakan, Pune facility; clients across Germany, US, Italy, Switzerland; ~78% of net proceeds go to a new manufacturing facility (capacity expansion, not debt paydown or working-capital plugging)

- Subscription (Day 1, 28 Jul, ~3:50pm)
Overall 6.65x | Retail 10.99x | NII 5.83x (B-HNI 6.99x, S-HNI 9.72x) | QIB 0.17x
Note: QIB near-zero on Day 1 is normal — institutions typically bid on the final day, so this isn't yet a signal either way [Certain on the pattern, standard SME-IPO behavior]

- GMP
₹210–₹217 as of Jul 28, implying ~70% listing premium over ₹301; GMP has moved ₹150→₹260 in the space of a week — that volatility itself is a warning sign of speculative froth, not conviction [Certain on the numbers, Likely on the interpretation]

- BRLM & registrar
Hem Securities Ltd. (BRLM); MUFG Intime India Pvt. Ltd. (registrar); market maker Hem Finlease

#india #bse #nse #StockInFocus #ipo

[Groww @_groww]

Markets will close differently starting 3rd Aug, 2026

Here’s what’s changing 👇

[The Compounding Thesis @compoundthesi]

The great Indian dat centre job myth

https://t.co/3cGoCYovb1

#cjp

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[The Compounding Thesis @compoundthesi]

@_soniashenoy This is a short term decline. We need to wait for another 1 or 2 quarter to take any buy/sell action

[The Compounding Thesis @compoundthesi]

SBI Funds Management listed with +7% gain.

#sbi #bse #hdfc #nse

[The Compounding Thesis @compoundthesi]

SBI Funds Management IPO

- ₹9,813 Cr issue, 100% offer-for-sale (no funds to company) Carry out the offer for sale of up to 170,956,631 equity shares. The Company will not receive any proceeds from the offer

- Price band: ₹545–574/share | Lot: 26 shares (~₹14,924 min retail) ₹545 to ₹574. The lot size for an application is 26 shares

- Dates: Open Jul 14–16 | Allotment Jul 17 | Listing Jul 21 (NSE/BSE) bidding opened for subscription on Jul 14, 2026 and will close on Jul 16, 2026. The allotment for the SBI Funds Management IPO is expected to be finalized on Jul 17, 2026. SBI Funds Management IPO will list on NSE and BSE with a tentative listing date fixed as Jul 21, 2026

- FY26: Revenue ₹4,976 Cr (+17% YoY) | PAT ₹3,067 Cr (+21% YoY) The company reported revenue of ₹4,976.11 crores in 2026 against ₹4,236.15 crores in 2025. The company reported profit of ₹3,067.38 crores in 2026 against profit of ₹2,540.15 crores in 2025

- Valuation: ~38x P/E SBI Funds Management IPO is priced at 38 times earnings
Market share: 15.3%, India's largest AMC SFML is the largest AMC in India having a market share of 15.3%

- Day 1 subscription: 68% The initial public offer of SBI Funds Management Ltd received 68 per cent subscription on the first day of bidding

- GMP: ~₹92–100 (₹143 high / ₹70 low earlier) SBI Funds Management IPO GMP made a high of ₹143 on 7th July, whereas the low of ₹70 on 9th July

#ipo #sbi #india #bse #nse #stockalerts

[The Compounding Thesis @compoundthesi]

Latest article on substack -

"How to Read an Annual Report Like an Investor, Not a Formality"

https://t.co/tdhE8j8MNl

Follow my substack for more such weekly articles

#india #stockmarket #bse #nse #ipo #investment #rich #wealth

[The Compounding Thesis @compoundthesi]

SBI Funds Management IPO

- ₹9,813 Cr issue, 100% offer-for-sale (no funds to company) Carry out the offer for sale of up to 170,956,631 equity shares. The Company will not receive any proceeds from the offer

- Price band: ₹545–574/share | Lot: 26 shares (~₹14,924 min retail) ₹545 to ₹574. The lot size for an application is 26 shares

- Dates: Open Jul 14–16 | Allotment Jul 17 | Listing Jul 21 (NSE/BSE) bidding opened for subscription on Jul 14, 2026 and will close on Jul 16, 2026. The allotment for the SBI Funds Management IPO is expected to be finalized on Jul 17, 2026. SBI Funds Management IPO will list on NSE and BSE with a tentative listing date fixed as Jul 21, 2026

- FY26: Revenue ₹4,976 Cr (+17% YoY) | PAT ₹3,067 Cr (+21% YoY) The company reported revenue of ₹4,976.11 crores in 2026 against ₹4,236.15 crores in 2025. The company reported profit of ₹3,067.38 crores in 2026 against profit of ₹2,540.15 crores in 2025

- Valuation: ~38x P/E SBI Funds Management IPO is priced at 38 times earnings
Market share: 15.3%, India's largest AMC SFML is the largest AMC in India having a market share of 15.3%

- Day 1 subscription: 68% The initial public offer of SBI Funds Management Ltd received 68 per cent subscription on the first day of bidding

- GMP: ~₹92–100 (₹143 high / ₹70 low earlier) SBI Funds Management IPO GMP made a high of ₹143 on 7th July, whereas the low of ₹70 on 9th July

#ipo #sbi #india #bse #nse #stockalerts

[The Compounding Thesis @compoundthesi]

🇮🇳 #Nifty Market Wrap | June 29
Nifty 50 closed ~24,050 | Sensex ~77,100 ▲ marginal

Winners: IndiGo +4.6% ✈️ | M&M +4.2% | Maruti +3.8% 🚗

Losers: Power Grid -2.4% | BEL -1.7% | Infosys -1.4% | Bharti Airtel -1.4%

RBI's move allowing loans against foreign currency deposits kept banking sentiment positive — SBI, ICICI, HDFC Bank all in the green.
Crude pullback on US-Iran progress = macro tailwind. But late-session profit booking capped gains ahead of the long weekend.

#nse #bse #india #stockmarket

[The Compounding Thesis @compoundthesi]

NSE IPO - India's biggest IPO. here's the number everyone is skipping

#nse #india

https://t.co/Ppw9g7P7Wz

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[The Compounding Thesis @compoundthesi]

India's china + 1 story:

https://t.co/IAI8hoeWmP

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#india #indianmarkets #bse #nse

[The Compounding Thesis @compoundthesi]

https://t.co/0qVJE0o6pE

[Pilot Investor @pilotinvestor7]

FIIs are exiting. INR has breached 90 against the USD.

Our Demand:
1. Abolish LTCG.
2. Rationalize STT.

I appeal to every Finfluencer in India to repost this. We need a unified voice to force the system to listen.

[The Compounding Thesis @compoundthesi]

Coal India can be one of the best dividend stocks one can have in their portfolio.

Current market price - 384.45
Dividend yield - 6.89%

Not a tip. Just an observation

#nifty50 #sensex #India

[The Compounding Thesis @compoundthesi]

LG listing is expected to be at 31% premium. Congrats to all who got the allotment

#LGelectronicsipo #nifty #sensex #india #StockMarketIndia

[The Compounding Thesis @compoundthesi]

➡️ GIFT Nifty signals positive start today

➡️HDFC me open higher today after RBI's nod to LIC to Increase stake in HDFC

➡️ITC to release Q3 results today.Revenue and profit may see single digit growth

#nifty50 #sensex

[The Compounding Thesis @compoundthesi]

Market updates - 3 Jan

➡️ FII bought Net 1602 cr ,DII sold Net 1959 cr
➡️S&OP and Nasdaq closed lower on 1st trading session of 2024
➡️GIFT Nifty opens 22 point lower, signalling -ve start
➡️India to release manufacturing PMI data today

#nifty50 #sensex