Market News & Updates
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16 Oct 2026
Sahajanand Medical Technologies IPO Day 2: Check GMP, subscription status and key details
Sahajanand Medical Technologies IPO entered Day 2 on October 16, 2026, with a 12% GMP and 34% subscription on Day 1. The Rs 475.48-crore offer for sale is priced at Rs 327-344 per share. PAT surged 175% to Rs 69 crore in FY26 amid steady revenue growth.
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16 Oct 2026
Bonfiglioli Transmissions IPO Day 2: GMP at 24%; Check subscription status. Should you subscribe?
Bonfiglioli Transmissions IPO entered Day 2 with a 24% GMP and 48% overall subscription on Day 1. The Rs 2,533.66-crore offer for sale is priced at Rs 558-586 per share. Anand Rathi assigned a "Subscribe for Long Term" rating, citing growth in automation despite fully valued pricing metrics.
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16 Oct 2026
Jio IPO priced accessibly, proceeds to help clear $3 billion net debt: Isha & Akash Ambani
Jio Platforms has set an IPO price band of ₹1,065 to ₹1,119 per share. The company plans to raise around ₹30,000 crore during its initial public offering. Isha Ambani emphasized pricing the IPO accessibly for ensuring long-term shareholder value. Funds from the IPO will be used to reduce debt and support future growth initiatives. Jio's listing is expected to make RIL Group India's largest conglomerate by market capitalization.
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16 Oct 2026
Can Bonfiglioli Transmissions IPO deliver long-term growth for high-risk investors?
Bonfiglioli Transmissions aims to raise Rs2,534 crore through an upcoming offer for sale. The promoter group's stake will reduce from 100% to 77% post-IPO. The company has market leadership in various sectors, including industrial automation and construction. Revenue and net profit have shown significant growth in recent years, indicating strong financial performance. Investors with a high-risk appetite may consider participating in the IPO.
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16 Oct 2026
Jio IPO Bonanza: How global investors’ stakes have grown since 2020
Meta-backed Jaadhu Holdings, which acquired a 9.98% stake in Jio Platforms for around Rs 43,574 crore in 2020, now holds shares valued at around Rs 99,846 crore at the IPO price. Google, which invested around Rs 33,737 crore for a 7.73% stake, has seen the value of its holding rise to around Rs 77,307 crore.
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16 Oct 2026
Where Jio stands among telecom peers: A look at the key numbers
Jio Platforms is gearing up for what is set to be India's biggest initial public offering, aiming to raise as much as Rs 30,213 crore. Once listed, Jio is projected to become one of the top five companies in market value.
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16 Oct 2026
Jio’s mega IPO draws strong interest from global funds
Investors that have shown interest in the anchor book include the Government of Singapore Investment Corporation (GIC), Fidelity, Norway's Government Pension Fund Global, New World Fund Inc and Smallcap World Fund Inc, besides those cited above, the people said.
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15 Oct 2026
Pernod Ricard India sales grow 19% in Sept qtr; IPO plan awaits board approval
Pernod Ricard has demonstrated remarkable sales growth of 19 percent in India for the September quarter, driven by strong market demand and ongoing premiumisation trends. The company's preparatory measures for a potential IPO have positively influenced sales. Despite declines in the US and China, India remains a focal market. The final decision on the IPO awaits board approval.
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15 Oct 2026
What Akash Ambani said on Jio tariff hikes ahead of record IPO launch
Akash Ambani said Jio can raise mobile tariffs but prefers growing revenue through digital services, broadband and enterprise solutions. Ahead of its Rs 30,213 crore IPO, Jio aims to expand margins and connect 100 million homes.
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