Author: Sreelatha M

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Corporate

BlackRock arm invests $225 million in Aditya Birla Renewables

BlackRock’s infrastructure arm, Global Infrastructure Partners (GIP), has invested about $225 million, or nearly ₹2,000 crore, in Aditya Birla Renewables (ABR). This is one of the largest private investments in India’s clean energy sector.

The deal gives GIP a minority stake in the company. Aditya Birla Renewables is the renewable energy arm of Grasim Industries. Grasim is part of the Aditya Birla Group. GIP can also invest an additional ₹1,000 crore at a later stage. This could take the total investment to around ₹3,000 crore.

After the deal, the company’s value is estimated at about ₹14,600 crore, including debt. The transaction still needs regulatory approvals and other standard clearances.

The fresh funds will be used to expand the business. Aditya Birla Renewables plans to increase its power capacity to more than 10 gigawatts in the coming years. At present, the company has about 4.3 gigawatts of projects. These are either operational or under construction. The projects are spread across several Indian states.

The company works on solar power plants. It also runs wind-solar hybrid projects. It is developing floating solar plants. It is also working on round-the-clock renewable power projects.

Experts say this deal shows strong global confidence in India’s renewable energy market. BlackRock’s support highlights growing interest from international investors. These investors see long-term potential in India’s clean energy sector.

The deal also shows the growing role of private capital. Such investments are helping India move towards cleaner energy. They reduce dependence on fossil fuels.

Once approvals are in place, Aditya Birla Renewables is expected to speed up its expansion. The company is likely to bid for more projects. It aims to strengthen its position in India’s renewable energy market.

Also Read: Microsoft to invest $17.5 billion for India’s AI future

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Corporate

SEBI approves 5 new IPOs, 2 firms withdraw

The Securities and Exchange Board of India (SEBI) has approved the initial public offerings (IPOs) of five companies, paving the way for them to raise capital from the market. The approved firms include Molbio Diagnostics, LEAP India, Foodlink F&B Holdings (India), Technocraft Ventures, and Eldorado Agritech.

Two other companies, Inox Clean Energy and Sky Alloys & Power, have withdrawn their IPO proposals, citing internal decisions, highlighting that regulatory clearance does not always translate into a public listing.

The approvals allow the cleared companies to launch their share sales within the next year, or up to 18 months for those that filed confidentially. The draft filings for these IPOs were submitted between June and September, with SEBI issuing its observations from late November to early December.

Molbio Diagnostics, a Goa-based diagnostics company backed by investors like Temasek Holdings and Motilal Oswal Private Equity, plans to raise around ₹200 crore through fresh issuance, with existing shareholders selling up to 1.25 crore shares. The company provides point-of-care molecular testing for over 30 diseases via its “Truenat” PCR platform.

LEAP India, promoted by global investment firm KKR, intends to raise roughly ₹2,400 crore—₹400 crore through fresh shares and the rest via an offer-for-sale by promoters. The company operates in supply-chain asset pooling, catering to various logistics and distribution needs.

Foodlink F&B Holdings (India), a Mumbai-based food-services and catering company, is looking to raise ₹160 crore via fresh shares, with additional shares available for sale by existing promoters. The funds will support expansion plans and reduce debt.

Technocraft Ventures, from Uttar Pradesh, offers wastewater treatment and sewage infrastructure solutions, while Eldorado Agritech of Telangana focuses on agricultural inputs like seeds and crop protection products. Both have received regulatory clearance to proceed with their IPOs.

The approvals signal a steady momentum in India’s IPO market across sectors such as healthcare, food services, agriculture, and infrastructure. For investors, these listings provide fresh opportunities, while for companies, they represent a crucial step toward growth and capital raising.

The withdrawals by Inox Clean Energy and Sky Alloys & Power reflect market or strategic considerations, underscoring that IPO clearance is only one stage in a broader listing process.

Also Read: Meesho shares jump 46% on stock market debut

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Corporate

Meesho shares jump 46% on stock market debut

Meesho made an impressive entry into the stock market as its shares surged 46% over the IPO price on their first day of trading. The strong listing reflected high investor confidence in the company’s business model and future growth.

On the National Stock Exchange (NSE), Meesho shares opened at ₹162.50, compared to the IPO issue price of ₹111. On the Bombay Stock Exchange (BSE), the stock listed at ₹161.20, showing similar strong gains.

As trading progressed, the stock continued to rise and touched a high of around ₹177.50 during the session, marking a sharp jump of nearly 60% from the issue price.

The IPO received overwhelming interest from investors, with subscriptions running close to 79 times the shares on offer. Strong demand came from institutional investors, retail participants, and high-net-worth individuals.

Market experts believe the strong debut was driven by Meesho’s growing presence in India’s fast-expanding e-commerce sector, especially its popularity in smaller cities and among budget-conscious customers.

The successful listing positions Meesho as one of the standout IPO performers of the year and signals strong investor faith in digital-first consumer businesses.

Also Read: Trump signals potential tariffs on Indian rice

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Corporate

Sensex jumps 250 points, Nifty crosses 25,900

The stock markets started o thursday on a positive note, bringing some relief to investors after recent weak sessions. The Sensex climbed more than 250 points, while the Nifty 50 comfortably moved above the 25,900 level, showing fresh buying interest across several sectors.

Market participants were seen picking up metal and chemical stocks, helped by rising global commodity prices. Hindustan Zinc stood out as a strong performer, supported by higher silver prices in international markets. Stocks like Tata Steel and JSW Steel also traded higher, adding strength to the broader market mood.

Banking and auto stocks joined the rally, with buyers returning to frontline names. Mid-cap and small-cap stocks also saw decent participation, reflecting improving confidence among retail investors.

However, not all stocks moved up. Consumer goods shares showed some pressure, with ITC and Hindustan Unilever (HUL) slipping in early trade as investors stayed cautious around defensive stocks.

Experts said the positive opening came as global markets showed some stability and investors looked ahead to key global central bank decisions. While the mood has improved, caution still remains due to global interest rate concerns and geopolitical uncertainties.

For now, the market seems to be in a recovery mode, with investors slowly returning to quality stocks, hoping for stability and clearer global direction in the coming sessions.

Also Read: Sensex tumbles 436 points, Nifty slips below 25,850

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Corporate

PhysicsWallah Q2 profit jumps 70%, shares rise 5%

PhysicsWallah, the Indian edtech platform, reported a sharp increase in its quarterly results for Q2 FY26, with net profit rising by nearly 70% to ₹69.71 crore from ₹41.10 crore in the same quarter last year. The strong performance comes as the company continues to expand both online and offline learning offerings.

Revenue for the quarter rose 26.3% to ₹1,051.2 crore, up from ₹832.2 crore in Q2 FY25. The company’s EBITDA margin improved to 26% from 23% a year ago, reflecting operational efficiencies and better cost management.

PhysicsWallah’s paid user base also grew significantly. The number of unique paid users increased from 2.99 million to 3.62 million during the first half of FY26. Of these, 3.22 million enrolled online while 0.40 million joined offline centres. The company now operates 314 offline centres across India, strengthening its hybrid learning model.

Investors reacted positively to the quarterly results, with the company’s shares rising 5% intraday to a high of ₹145.70, signalling confidence in the firm’s growth trajectory post-IPO.

“The first quarterly results after our IPO reflect disciplined execution and strong market response,” said a company spokesperson. “We remain focused on scaling our offerings and diversifying into new segments to ensure sustainable long-term growth.”

PhysicsWallah is increasingly moving beyond its traditional test-prep courses for exams such as JEE and NEET, exploring additional categories to broaden its revenue base. The company expects to turn full-year profit in FY27 as new online segments mature and offline centres stabilise.

With strong revenue growth, expanding user base, and robust cash flow, PhysicsWallah is positioning itself as a leading hybrid education provider in India. Market analysts noted that while the current quarter’s performance is encouraging, execution will be key as the company scales further.

Also Read: Blinkit CEO warns fast-delivery boom faces reality check

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Meesho IPO allotment done, listing on Dec 10

Meesho has completed the allotment for its IPO, which attracted strong investor interest. The issue was subscribed nearly 79 times, showing heavy demand from retail and institutional investors.

In the grey market, the stock was trading at a premium of around ₹40–₹45 per share over the issue price of ₹111, indicating an expected listing price of around ₹150–₹155.

Refunds for non-allottees began from 9 December, while shares were credited to demat accounts the same day. The stock is scheduled to list on the exchanges on 10 December, as Meesho targets growth in tech and logistics.

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Mahindra & Mahindra shares rise on 18% production jump

Mahindra & Mahindra reported strong performance in November, with vehicle production rising over 18% year-on-year.

The company’s total sales grew by nearly 20%, reflecting steady demand across key segments. Passenger vehicle sales rose sharply, while commercial vehicle sales also showed healthy growth.

Tractor sales recorded a major jump, driven by improved rural demand. Exports increased as well, supporting overall growth. The strong performance boosted investor confidence, leading to gains in the company’s share price.

The results highlight Mahindra’s growing market strength and improving production efficiency.

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Ravelcare shares jump 55% on debut

Ravelcare made a strong market debut on December 8, 2025, listing at ₹201 per share on the BSE SME platform, up nearly 55% from its IPO price of ₹130.

The IPO, aimed at raising ₹24.1 crore through 18.54 lakh fresh shares, saw overwhelming demand, being subscribed around 406 times. The funds will support marketing, advertising, and a new manufacturing facility in Amravati, along with general corporate purposes.

Early grey‑market trading had indicated a strong premium, and the listing confirmed investors’ enthusiasm for the company’s beauty and personal‑care business.

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Corporate

Wakefit IPO opens at ₹185–195, raising ₹1,289 crore

Wakefit Innovations Ltd., the direct-to-consumer (D2C) home-furnishing and mattress brand, opened its initial public offering (IPO) on 8 December 2025, targeting ₹1,288.9 crore. The price band is set at ₹185–195 per share, with ₹377.18 crore offered as a fresh issue and ₹911.71 crore through an offer-for-sale. The shares will list on both BSE and NSE, with allotment expected by 11 December and tentative listing on 15 December. Retail investors can apply for a minimum of 76 shares, which comes to about ₹14,820 at the upper price band.

Institutional investors have shown strong interest, with the anchor portion fully subscribed at the upper band, highlighting confidence in Wakefit’s growth story. The company recorded over 28% revenue growth in FY25 and turned profitable for the six months ending September 2025, marking a potential turnaround after several years of losses.

However, risks remain. Wakefit posted a net loss of about ₹35 crore in FY25. Its business continues to rely heavily on mattresses, making it sensitive to changing consumer preferences and raw material costs. High marketing and distribution expenses, coupled with intense competition, continue to put pressure on margins. Some brokerage firms have issued cautious ratings, urging investors to carefully weigh the IPO’s valuation against potential returns.

Grey-market activity suggests modest listing gains. While initial premiums were around ₹36 per share, these have cooled to roughly ₹16, implying expected listing gains of about 8%.

Wakefit’s IPO offers investors a chance to back a growing, brand-recognised D2C home-furnishing player. For long-term investors willing to take a calculated risk, there is potential. Yet, the combination of past losses, reliance on a narrow product range, and margin pressures calls for careful consideration before subscribing.

Also Read: Vodafone Idea seeks fresh AGR review to slash dues

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Air India follows Government directive, caps ticket prices

Air India has introduced fare caps on domestic flights following a government directive after IndiGo canceled hundreds of flights, leaving travelers stranded.

Economy-class fares are now limited to ₹7,500 for flights under 500 km, ₹12,000 for 500–1,000 km, ₹15,000 for 1,000–1,500 km, and ₹18,000 for flights over 1,500 km, excluding taxes.

Air India and Air India Express started applying caps from December 4, and passengers who booked above the limits will receive refunds.

The move aims to protect travelers and ensure price stability amid the ongoing aviation disruption.