Preeti Kapoor

I went through the NSE RHP, and honestly, this is not a typical IPO story. What stands out? 🔹 Strong business moat: NSE has massive scale and around 51% global share in equity-derivatives contracts. 🔹 Excellent profitability: FY26 EPS ₹41.62 and RoNW 33.21%. The business has maintained strong profitability. 🔹 Ownership structure: NSE does not have an identifiable promoter . It is a widely held market-infrastructure company, so the usual promoter holding analysis is not directly applicable here. 🔹 100% OFS: Existing shareholders are selling their shares; NSE itself is not raising fresh capital through the IPO. 🔹 Valuation: At ₹1,785, NSE is valued at roughly 43x FY26 earnings — not cheap, but below BSE’s RHP-reported 54.3x P/E. 🔹 Key risks: High dependence on derivatives, regulatory changes and technology/cybersecurity risks. My takeaway: NSE looks like a high-quality and highly profitable market-infrastructure business, but the IPO comes at a premium valuation. The bigger ...

  Indo-MIM IPO: A Strong Manufacturing Bet or an Expensive Opportunity? The Indo-MIM IPO has caught investors' attention for all the right reasons. As one of the world's leading Metal Injection Moulding (MIM) manufacturers, the company supplies precision components to industries like defence, aerospace, medical devices, automotive, and industrial engineering . Its strong export business and consistent financial growth make it a company worth watching. IPO Snapshot Particulars Details Issue Size ₹3,811.21 Crore Price Band ₹461–₹485 per share Lot Size 30 Shares IPO Opens 23 July 2026 IPO Closes 27 July 2026 Listing NSE & BSE Why Investors Like Indo-MIM Global leader in Metal Injection Moulding (MIM). Around 77% of revenue comes from exports , giving it a strong international presence. Serves high-growth sectors like defence, aerospace, healthcare, and EVs. Healthy revenue and profit growth over the last few years. Things to Keep in Mind A major part of the IPO is an Offer f...