With a record-breaking number of listings and substantial investor interest, the SME IPO boom not only highlighted the sector's potential but also underscored the evolving landscape of SME financing in the country.

SME IPO Boom: 2024’s High-Gain Listings and What Fueled Them

The Indian SME IPO market has been on an impressive growth trajectory, and as we step into 2025, the big question on investors’ minds is: Tech, Health, or Agri — which small and medium enterprises IPO sectors will lead the pack?

Tech, Health, Agri or consumer ? Which SME Sectors Will Lead the Pack in 2025

Gensol Engineering’s Debt Crisis: How It’s Impacting BluSmart and India’s EV Sector

﻿ESDS Software Solution, a Nashik-based and a fully-managed cloud service provider company, is set to record a new big move by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO of ₹600 Crores. The company make efficient utilization of the funds that are&nbsp; raised through the ESDS&nbsp; IPO to facilitate data center expansion and growth, invest into AI-enabled GPU cloud infrastructure, and address long-term working capital needs. The company had previously filed draft papers for an IPO in December 2021 but withdrew due to unfavorable market conditions. For this renewed IPO effort, ESDS Software Solution IPO has appointed DAM Capital as the book-running lead manager. Overview of ESDS Software Solution Founded in 2005 by Piyush Somani, ESDS Software Solution has well established and evolved into an outstanding participant in the cloud services and data center landscape. The organisation offers a comprehensive suite of AI-enabled cloud solutions, managed services &amp; various offerings, data center infrastructure, and software solutions. ESDS's provider portfolio consists of Infrastructure-as-a-Service (IaaS) and Software-as-a-Service (SaaS), designed to offer businesses with secure, scalable, and generally cost-effective cloud solutions. ESDS caters to numerous and diverse clientele, including Banking, Financial Services, and Insurance (BFSI) companies, government establishments by way of utilizing the Government Community Cloud, and diverse firms. The company's prominent key clients and partners encompass SIDBI, PFC, STPI, Infrasoft Technologies, Tech Mahindra, and NTT Data Business Solutions. With a team of workers exceeding 1,000 employees across five data facilities in India, ESDS additionally continues a global presence, extending its operations to European, Middle Eastern, American, and African nations. The company is known for its patented cloud platform, eNlight, which gives auto-scalable cloud solutions for businesses across diverse sectors, which includes banking, government, healthcare, and e-commerce. With its Tier III data centers in Nashik and Mumbai, ESDS is a key participant in India's digital transformation, providing cloud website hosting and data safety services to customers throughout the country. The company has a strong recognition of Artificial Intelligence (AI), Machine Learning (ML), and Big Data analytics, which are increasingly driving strong demand for cloud-based overall solutions. In terms of financial performance, For FY24, ESDS reported a revenue of ₹286 crore and an income and PAT of ₹15 crore, demonstrating its financial overall performance. The organization's commitment to innovation is underscored through its research and improvement with a&nbsp; team of over 1000 customers, who're targeted on handing over sustainable and green solutions to customers. <div class="se-component se-image-container __se__float-justify"><figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdScyq5jA_0zlipXsPgZEZ20FxQnc8xN8dFAeIHpDIgkZm8eO6PHQiQsbYO9IfchkdFZvYRVOJxshdS2dGhTv-JRVfhNkBfYf0Ooya3bwPYkS6Th1-YbcTE3P87UTjH3ZXZweArEQ?key=AZ2dZovaHbLxroq9HTfc2Q" alt="" data-proportion="true" data-align="justify" data-file-name="AD_4nXdScyq5jA_0zlipXsPgZEZ20FxQnc8xN8dFAeIHpDIgkZm8eO6PHQiQsbYO9IfchkdFZvYRVOJxshdS2dGhTv-JRVfhNkBfYf0Ooya3bwPYkS6Th1-YbcTE3P87UTjH3ZXZweArEQ?key=AZ2dZovaHbLxroq9HTfc2Q" data-file-size="0" data-origin="," data-size="," data-rotate="" data-percentage="auto,auto" origin-size="752,452" style="margin-left: 0px; margin-top: 0px;"></figure></div> <a href="https://www.planify.in/research-report/esds-software-solutions-limited/">ESDS Software Solution IPO</a> Details and&nbsp; Objectives&nbsp; ESDS Software Solution's proposed IPO aims to raise as much as ₹700 crore through a fresh issue of shares. The organization intends to allocate the IPO proceeds in the direction of several key objectives, consisting of: Data Center Expansion: ESDS plans to increase its present information middle infrastructure to satisfy the growing demand for cloud offerings. Having strong technology along with heavy cloud computing solutions, The company majorly currently operates within 4 data facilities in India, located in Nasik, Mumbai, Bengaluru, and Mohali, with plans to double its capacity to 14-20 MW&nbsp; within the subsequent 1-2 years. Investment in AI-Enabled GPU Cloud: Recognizing the growing importance of artificial intelligence, ESDS intends to put money into GPU cloud infrastructure to assist AI-associated workloads. This investment aligns with the increasing demand for AI-geared up infrastructure and displays ESDS's dedication to technological development. Long-Term Working Capital Needs: A portion of the ESDS IPO proceeds may be allotted to meet the organisation's long-term working capital requirements, ensuring clean operations and sustainable growth. General Corporate Purposes: The ultimate remaining funds&nbsp; will be utilized for preferred corporate purposes, supplying ESDS with the flexibility to pursue strategic initiatives and capitalize on emerging opportunities. Competitive Landscape and Market Position ESDS operates in a surprisingly aggressive industry, competing with home and international cloud service vendors consisting of Amazon Web Services (AWS), Microsoft Azure, Google Cloud, Netmagic, and NxtGen Datacenter and Cloud Technologies. What differentiates ESDS Software Solutions is its recognition of vertical-unique cloud solutions, especially for authorities institutions, banking (BFSI), and healthcare. The corporation's proprietary cloud technology, together with its eNlight cloud platform, gives it an aggressive side in delivering cost-efficient and auto-scalable cloud computing solutions. ESDS Unlisted Share Price Performance&nbsp; Prior to the ESDS IPO, the ESDS Unlisted Shares were trading in the <a href="https://www.planify.in/buy-pre-ipo/">Unlisted Marketplace</a>. As of presently, the ESDS Unlisted Share Price is ₹410 per share. The ESDS Software Solutions Share Price within the unlisted marketplace is inspired by means of elements inclusive of the organization's financial performance, market sentiment, and IPO potential opportunities. Anticipated Implications from the DRHP 1. Strong Growth Potential in the Cloud Computing Industry India’s cloud computing marketplace is projected to develop at a CAGR of 22-25% over the next five years, fueled by digital transformation projects and the fast adoption of cloud services by businesses. ESDS Software Solutions is well-located to take advantage of this trend. 2. Proprietary Technology and Innovation The organisation's eNlight cloud platform is a key differentiator, providing auto-scalability, more enhanced security protection, and electricity performance. This specific patented technology strengthens ESDS’s market position in India's cloud computing sector. 3. Government and Enterprise Contracts ESDS has long-time period contracts with government bodies, PSU banks, and corporate clients, ensuring solid revenue streams. The organization's involvement in government-led Digital India initiatives further solidifies its increased capability and growth. Conclusion The ESDS IPO represents a significant milestone for the company, offering it an opportunity to raise capital for expansion, innovation, and long-term growth. The funds raised through the IPO will enable ESDS to strengthen its data center infrastructure, invest in AI-enabled GPU cloud, and meet its working capital needs. The performance of ESDS Software Solutions Share Price post-listing will depend on market conditions, investor demand, and the company’s ability to execute its growth strategy effectively. ESDS Unlisted Share Price trends indicate a positive outlook, but investors must remain mindful of the risks associated with investing in the cloud computing sector. As ESDS Software Solutions prepares for its stock market debut, all eyes will be on SEBI’s approval of the DRHP and the IPO launch timeline. Given the strong demand for cloud services and data centers, ESDS Share Price is expected to attract attention from retail and institutional investors alike. ESDS Software Solution operates in a growing market with increasing demand for cloud services and data center solutions. The company's comprehensive service portfolio, diverse client base, and focus on innovation position it favorably in the industry.

ESDS Software plans to submit DRHP for an IPO ₹600 Crores

﻿﻿Pace Digitek, a Bengaluru based multi-faceted solutions provider predominantly specializing and having vast experience in telecom passive infrastructure, has officially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹900 crore via an initial public offering. This <a href="https://www.planify.in/research-report/pace-digitek/">Pace Digitek Upcoming IPO</a> majorly aims to capitalize on the growing demand within the infrastructure and digital technology sectors, with the raised funds that is earmarked for capital expenditure and extensive general corporate purposes, as detailed in&nbsp; the DRHP. Key Highlights from the DRHP: IPO Structure and Objectives The proposed public offering includes a fresh issue of equity shares with a face value of ₹2, aggregating to be ₹900 crore. The company may additionally consider an optional pre-IPO placement of equity shares as up to ₹180 crore. If the <a target="_blank" href="https://www.planify.in/fundraising/">pre-IPO placement</a> is completed, the quantity raised could be decreased from the fresh issue. The IPO has allotted 50% of the issue to certified institutional purchasers, 15% to non-institutional investors, and the ultimate 35% to retail consumers. Unistone Capital Private Limited is the sole book-running lead manager, and MUFG Intime India Private Limited is the trouble registrar. The equity shares are proposed to be listed at the National Stock Exchange of India and BSE. Company Overview Pace Digitek Infra Pvt Ltd operates in the telecom passive infrastructure region, specializing in telecom tower infrastructure and optical fiber cables. The enterprise's industrial agency is classified into verticals such as telecom, electricity, communications, and technology. Pace Digitek commenced as a producer of passive electrical systems and has multiplied its operations to embody diverse merchandise, projects, operations and renovation, and services and answers. It offers turnkey solutions and has an operational presence across India, as well as in Myanmar and Africa. The enterprise has emerged as a primary service company in energy control, optic fiber laying, and energy management solutions. Utilization of Pace Digitek IPO Proceeds: Insights from DRHP According to the DRHP, the primary objective of the <a href="https://www.planify.in/planify-feed/pace-digitek-ipo-order-win-key-highlights/">Pace Digitek IPO</a> is to secure funding for capital expenditure requirements and trendy business enterprise functions. Specifically, ₹630 crore from the fresh issue is probably allocated closer to those objectives. These funds are intended to facilitate strategic projects, which consist of the growth of the organization's infrastructure and the enhancement of its operational competencies, as detailed mentioned in the DRHP. Approximately ₹630 crore is earmarked to fund capital expenditure requirements, mainly for the development of a 750 MW/1,500 MWh Battery Energy Storage System (BESS) venture for Maharashtra State Electricity Distribution Company Limited (MSEDCL) in Maharashtra.&nbsp; Pace Digitek Infra Pvt Ltd: Financial Performance A closer look at Pace Digitek's financial overall performance, as highlighted within the DRHP, presented a well-performed and&nbsp; shows an increased growth trajectory. The company presented strong statements in the books reflecting that its performance well surpassing numvews in terms of revenue from operations witnessed a vast surge of 383.81%, escalating from ₹503.20 crore in FY23 to ₹2,434.48 crore in FY24. Simultaneously, the earnings and Profit after tax (PAT) experienced an extraordinary growth of 1,290.38%, soaring from ₹16.53 crore in FY23 to ₹229.87 crore in FY24.&nbsp; For the six-month time period ending on September 30, 2024, the company stated overall revenue from operations reaching ₹1,188.35 crore and a profits after tax of ₹152.04 crore for this time period H1FY25. These financial metrics underscore the corporation's sturdy operational performance and marketplace positioning. <div class="se-component se-image-container __se__float-center" style="width: 50%; min-width: 100%"><figure style="width: 50%;"><img src="https://testing-planify.s3.amazonaws.com/sun_editor/df91dc9c-00ca-4277-a61c-6b3a97f7d34a_image.png" alt="" data-rotate="" data-proportion="true" data-size="50%," data-align="center" data-percentage="50," data-file-name="112211.jpg" data-file-size="42322" data-origin="," origin-size="752,452" style="width: 100%;"></figure></div> Market Dynamics​The DRHP acknowledges the competitive panorama, noting that Pace Digitek often operates within the telecommunications area, imparting infrastructure solutions to telecom operators. The DRHP highlights that whilst the organisation encounters opposition from different entities within the infrastructure and era sectors, it differentiates itself through whole solutions and a huge operational footprint. Pace Digitek Infra Pvt Ltd operates inside the exceptionally competitive telecom and electricity infrastructure industry, competing with crucial gamers like Sterlite Technologies and HFCL. However, its recognition of strength-efficient solutions, BESS tasks, and telecom energy management gives it a unique advantage. The company’s experience in executing large-scale telecom and power initiatives has positioned it as a key accomplice for telecom operators and strength distribution agencies. With India's growing adoption of 5G generation and renewable energy answers, Pace Digitek Infra Pvt Ltd is properly-positioned to capitalize on upcoming marketplace opportunities. The company's focus on the telecom passive infrastructure sector, which is experiencing growth due to increasing demand for data and connectivity, could also contribute to a positive market reception.&nbsp; Strategic Growth and Diversification Pace Digitek is strategically located to capitalize on India's 5G rollout and essential infrastructure projects in telecom and renewable energy. The enterprise's emphasis on renewable strength tasks, in conjunction with solar electricity power plants and telecom services, aligns with worldwide trends in the direction of sustainable infrastructure. Notably, Pace Digitek has secured seven out of 14 clusters in the BSNL 4G assignment, underscoring its capability for persevered boom. ​ Technological Advancements and Market Leadership Leveraging its knowledge in telecom infrastructure, Pace Digitek is growing into smart cities and renewable energy sectors, positioning itself as a key player in India's digital and green transformation. The organization's management of large-scale obligations, along with the BSNL deployment, highlights its operational prowess and innovation in delivering crucial infrastructure solutions. Esteemed Clientele and Robust Project Pipeline Pace Digitek's partnerships with predominant telecom gamers and its expanding client base make sure a steady float of high-rate initiatives. The organisation's experience in imparting turnkey answers and renovation services similarly solidifies its management in the infrastructure region.&nbsp; Investment Considerations and Future Outlook The Upcoming and impending Pace Digitek Share Price listing is generating significant interest within the funding network. While predictions concerning the appropriate listing fee are inherently speculative, several factors have to have an impact on its <a target="_blank" href="https://www.planify.in/buy-pre-ipo/">marketplace performance</a>. Pace Digitek's amazing economic boom, coupled with its strategic awareness of the telecom passive infrastructure sector, positions it favorably in the marketplace. The price range raised thru the Pace Digitek IPO, as mentioned inside the DRHP, are anticipated to power similarly expansion and innovation, probable improving shareholder price. Pace Digitek Unlisted Shares have garnered interest from investors seeking for opportunities earlier and prior to the IPO. While the unlisted marketplace gives near anticipated potential profits, investors ought to exercise caution and perform thorough due diligence, considering factors alongside liquidity risks, price volatility, and regulatory issues, as emphasized in the DRHP. The potential anticipated Pace Digitek Share Price &nbsp;upon listing is a subject of eager interest among investors. Currently, it is trading at ₹235 per share within the Pre-IPO marketplace, making significant upward progress. The stocks are reflecting an 18x P/E ratio, that is appreciably undervalued compared to the industry median of 46x.&nbsp; Conclusion The Pace Digitek IPO offers a unique investment opportunity in India’s growing telecom infrastructure and electricity storage location. With strong monetary performance, bold growth plans, and growing investor interest in Pace Digitek Unlisted Shares, the organization’s public offering is anticipated to attract exceptional attention and demand. For investors looking for relevant potential and exposure to excessive high-growth sectors like telecom, power management, and renewable energy, Pace Digitek Infra Pvt Ltd presents a compelling case. However, as with all IPO investments, some potential risks need to be cautiously evaluated before making investment decisions. Having its ₹900 crore IPO, Pace Digitek Infra Pvt Ltd is ready to take a first-class leap forward in its corporate journey, strengthening its presence in India and global markets.

﻿﻿Pace Digitek, a Bengaluru based multi-faceted solutions provider predominantly specializing and having vast experience in telecom passive infrastructure, has officially filed its Draft Red Herring Prospectus (DRHP)

Bengaluru-based Pace Digitek plans to raise Rs 900 crore via IPO, files draft papers with SEBI

In the early 2000s, the Indian IT industry was riding a wave of unprecedented growth. Among the companies that epitomized this boom was Satyam Computer Services Ltd.&nbsp; Satyam Computers was a shining example of India’s IT success story, competing with giants like Infosys, Wipro, and TCS. With a global presence, thousands of employees, and a strong client base, the company was a favourite among investors and analysts. But beneath the surface, a massive financial fraud was brewing. On January 7, 2009, the financial world was rocked when Satyam’s founder, Ramalinga Raju, admitted to orchestrating one of the biggest corporate frauds in Indian history. He confessed to inflating profits, manipulating financial statements, and creating a ₹7,000 crore accounting fraud that misled investors and regulators for years. The revelation sent shockwaves through the stock market—Satyam’s share price crashed by nearly 80% in a single day, wiping out thousands of crores in market value. The scandal exposed serious gaps in corporate governance, internal audits, and regulatory oversight. But how did a company that once boasted billion-dollar revenues and a strong balance sheet deceive the market for so long? Let’s break down what happened at Satyam Computers and how the fraud unfolded. About&nbsp; Satyam Computers Satyam Computer Services Ltd. was founded in 1987 by Ramalinga Raju in Hyderabad, India. The company started as a small IT firm but quickly grew to become one of India's largest IT services providers. By the early 2000s, Satyam was a global player, offering software development, system maintenance, and consulting services to clients across the globe. Its clientele included Fortune 500 companies, and it was listed on both the Bombay Stock Exchange (BSE) and the New York Stock Exchange (NYSE).&nbsp; The company capitalized on the outsourcing trend, leveraging India's skilled workforce and cost advantages. By 2008, Satyam employed over 53,000 professionals and operated in 67 countries, generating billions in revenue.&nbsp; However, this success was largely built on fabricated financial statements. For years, the company manipulated earnings, showing inflated revenues and profits to attract more investments and maintain its stock price. About the Fraud:&nbsp;How It Was Executed Ramalinga Raju and his associates engaged in one of the most elaborate financial frauds in Indian corporate history. The key fraudulent practices included: Inflated Revenues and Profits: Satyam overstated its revenues by falsifying invoices and inflating the number of clients. Fake bank statements were used to reflect higher cash reserves than the company held. Fictitious Bank Balances: The company showed non-existent cash reserves amounting to ₹5,040 crore to mislead investors and regulators. Manipulated Earnings Reports: By overstating earnings, Satyam’s stock price remained artificially high, allowing Raju and top executives to sell shares at inflated prices. Lack of Transparency in Corporate Governance: Satyam’s board failed to detect these irregularities, highlighting weak internal controls and oversight mechanisms. Financial Growth and Investor confidence before the fraud Satyam Computers was perceived as one of India’s fastest-growing IT companies. Institutional investors, including marquee foreign funds, held significant stakes, viewing the company as a stable and high-growth IT player. At its peak, Satyam’s market capitalization crossed ₹12,000 crore, and its shares were actively traded on both the NSE and NYSE.&nbsp; Satyam generated Rs. 25,415.4 million in total sales in 2003-04. By March 2008, the company's sales revenue had grown by over three times. The company demonstrated an annual compound growth rate of 38% over that period - (from 2003-08). <div style="margin-left:0pt"><table><tbody><tr><td>Financials (in Rs. Millions)</td><td>2003-04</td><td>2004-05</td><td>2005-06</td><td>2006-07</td><td>2007-08</td><td>Average Growth Rate (%)</td></tr><tr><td>Net Sales</td><td>25,415</td><td>34,642</td><td>46,343</td><td>62,284</td><td>81,372</td><td>38</td></tr><tr><td>Operating Profit</td><td>7,743</td><td>9,717</td><td>15,714</td><td>17,107</td><td>20,857</td><td>28</td></tr><tr><td>Net Profit&nbsp;</td><td>5,557</td><td>7,502</td><td>12,397</td><td>14,232</td><td>17,157</td><td>33</td></tr><tr><td>Operating Cash Flow</td><td>4,165</td><td>6,386</td><td>7,868</td><td>10,390</td><td>13,708</td><td>35</td></tr><tr><td>ROCE(%)</td><td>27.95</td><td>29.85</td><td>31.34</td><td>31.18</td><td>29.57</td><td>30</td></tr><tr><td>ROE(%)</td><td>23.57</td><td>25.88</td><td>26.85</td><td>28.14</td><td>26.12</td><td>26</td></tr></tbody></table></div>

The scandal exposed serious gaps in terms of a series of incidents of corporate governance, internal audits, and regulatory oversight.

The Collapse of Satyam Computers and its Aftermath

Satyam Computers Case: The ₹7,000 Crore Accounting Financial Fraud That Shook India’s IT Sector

This time the Studds Accessories IPO would be a complete Offer for Sale (OFS) where the promoter group and other shareholders plan to sell up to 77.9 lakh shares.

Helmets manufacturer Studds Accessories files second time IPO papers with SEBI

Grand Continent Hotels Limited, a Bengaluru-based mid-segment and mid phase hospitality player, listed its shares on the NSE SME platform on March 27, 2025. Although market participants and&nbsp; contributors keenly expected the major event to be positive, the shares made a flat listing and marked the market debut,&nbsp; price opened at ₹112.90 per share, slightly below and under planned issue price band of ₹113 at upper end.&nbsp; The subdued listing performance has induced investors to scrutinize the company’s financials, increased growth techniques, and aggressive competitive positioning within the industry. This flat listing indicates that even as investors were optimistic during the bidding segment, the broader market sentiments remained cautious post listing. <a href="https://www.planify.in/video-shorts/ipo-alert-grand-continent-hotels-ipo-review-apply-or-avoid-planify/">Grand Continent Hotels IPO</a> Subscription Status The IPO was open for subscription from March 21 to March 24, 2025. The resulting and provided <a href="https://www.planify.in/investors/">investor sentiment</a> and response to the IPO was decent and respectable, with an oversubscription of 1.79 times. Retail investors subscribed 1.32 times their reserved quota, non-institutional investors (NIIs) subscribed 1.39 times, and qualified institutional buyers (QIBs) subscribed over 2.93 times. Listing Performance and Market Expectations Upon listing on the NSE SME platform, Grand Continent Hotels' shares opened at ₹112.90, a marginal and slightly near decrease of 0.09% from the issue price. This muted listing aligned with market expectancies, as indicated by the grey marketplace premium (GMP) of ₹1, or 0.88%, which suggested a trading price of ₹114 per share in unofficial markets ahead of the listing. The flat listing displays a careful marketplace sentiment toward the organisation's potential opportunities that have and the overall situations of the SME market. About Grand Continent Hotels Limited Grand Continent Hotels operates in the mid-scale hotel sector and region presence, catering to upper-mid priced, mid-priced, and economy hotel and resort segments. As of September 30, 2024, the company has presented enlargement potential in conjunction with its joint venture associate entities, had 16 operational hotels with a total of 753 rooms across Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. The company's occupancy rate turned out to be 67.69% for the six months ending September 30, 2024, and 71.98% for FY24. Strategic Use of Grand Continent IPO Proceeds Grand Continent Hotels has earmarked the net proceeds from the IPO for specific strategic purposes: <ul><li>Debt Reduction: &nbsp;A massive factor (₹34.08 crore) is allocated for the repayment and/or prepayment of outstanding borrowings, that could help enhance the company's financial health and reduce interest expenses. </li><li>Expansion of Hotel Properties:&nbsp;Another significant amount(₹16.79crore) is set aside and allocated for growing hotel properties within India, aiming to grow the company's footprint and increase its revenue-generating expansion producing capability.</li><li>​General Corporate Purposes:&nbsp;The remaining funds would be used for general corporate purposes, providing the commercial enterprise organization with flexibility to address sudden possibilities or challenges.</li></ul> Target Audience and Service Offerings Grand Continent Hotels aims to distinguish itself by offering comfort providers at a competitive cost, targeting Indian middle-class guests and commercial enterprise tourists. The agency additionally makes a speciality of maintaining steady provider or service levels, optimizing infrastructure, and updating its offerings to align with evolving consumer expectations. Grand Continent Hotels seeks to cater to Indian middle-class guests and enterprise tourists by means of delivering differentiated but comfortable service offerings with a value-for-money proposition. The company emphasizes high-quality service at competitive prices and strategically locates every lodge in high and prime city regions to make certain accessibility and comfort. By focusing on this demographic and offering cost-effective hospitality solutions, Grand Continent Hotels objectives to carve out a notable marketplace position. Operational Strategies Grand Continent Hotels follows an asset-light model, normally working as properties under direct lease agreements. As of September 30, 2024, the corporation, in conjunction with its joint venture partner entities, manages 16 operational homes and hotel properties, totaling 753 hotel keys in the course of Karnataka, Tamil Nadu, Goa, Andhra Pradesh, and Telangana. The business enterprise also utilizes trademark license agreements and franchisee agreements with Sarovar Hotels Private Limited and/or Royal Orchid Associated Hotels Limited to supplement its sales and advertising and marketing efforts. Expansion and Future Focus Grand Continent Hotels plans to twofold or increase its number of keys across hospitality property from 753 as of September 30, 2024, to about 2000+ in FY26 through deliberate development and growth initiatives. The agency intends to pay attention to growing pinnacle upper-midscale and midscale hospitality assets. Part of the IPO proceeds could be used for growing and expanding hotel properties within India. <ul><li>Expansion Plans and Asset Light Model: Grand Continent Hotels plans to expand&nbsp; its footprint by combination of alternatives of an aggregate of owned and leased houses, leveraging an asset-light model to reduce capital expenditure. This technique is predicted to enhance return on equity (ROE) and drive resultant future growth.</li><li>​Focus on Occupancy and ARR (Average Room Rate): The company is focusing on improving its average room rates (ARR) while maintaining high occupancy levels. Strategic partnerships with prominent&nbsp; online travel aggregators (OTAs) that are further inclusive of&nbsp; MakeMyTrip and Goibibo are expected to boost and reinforce visibility and revenue.</li><li>Diversification into F&amp;B and Banquet Services: To mitigate revenue dependency on room tariffs, the company is expanding into food &amp; beverage (F&amp;B) and banquet services, which offer higher and better margins and recurring income streams.</li></ul> &nbsp;Grand Continent Hotels IPO: Peer Comparison​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 50%; min-width: 100%"><figure style="width: 50%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeRAazqq5nQ52NSgJGoRszScPMCg7aczOu3UDevJaKMRAzxbWEPItw1sNdehGQ4qPx38COEeK1-70KDfv1bXwOA5MnPeJno6gYSL-vrt7DhqZFeHRu_F-tzMnhGpy_bEi0HOxRqrw?key=AZ2dZovaHbLxroq9HTfc2Q" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXeRAazqq5nQ52NSgJGoRszScPMCg7aczOu3UDevJaKMRAzxbWEPItw1sNdehGQ4qPx38COEeK1-70KDfv1bXwOA5MnPeJno6gYSL-vrt7DhqZFeHRu_F-tzMnhGpy_bEi0HOxRqrw?key=AZ2dZovaHbLxroq9HTfc2Q" data-file-size="0" data-origin="," data-size="50%," data-rotate="" data-percentage="50," origin-size="947,540" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>

Factors Influencing the Flat Listing Several factors may have contributed to the flat listing of Grand Continent Hotels' IPO: Market Expectations: The listing was largely in line with market expectations, considering the moderate grey market activity prior to the IPO. Subscription Levels: The company’s IPO has presented fluctuation due to the SME market prevailing in some recent IPO activity. Although the Grand Continent Hotels IPO was subscribed 1.79 times, this level of subscription may not have been strong enough to drive a significant premium on listing day and not able to make a mark above issue price. The IPO received an overall decent response from investors present the predicted potential, with retail investors subscribing 1.32 times, NIIs 1.39 times, and QIBs 2.93 times. Market Volatility: Fluctuations in the broader market &nbsp;panorama and shifts in investor sentiment can significantly impact the success of IPO listings. This has resulted in flat listing in the IPO and&nbsp; also the impact of uncertain market conditions tend to make investors more cautious. GMP Inaccuracy: Grey market premiums are not always reliable indicators of listing performance, as they reflect speculative activity rather than fundamental analysis. Implications from&nbsp; Grand Continent Hotels Post-Listing Grand Continent Hotels offer a mix of opportunities and risks. On the high-quality and positive aspect, the corporation’s strong brand recognition in the Bengaluru hospitality market, coupled with its asset-light model and growing occupancy rates, positions it nicely for long-term increased growth. However, demanding situations such as lower profits margins, stiff competition, and a fully priced IPO may additionally restrict short-term gains. Investors with a long-term horizon may find value in Grand Continent Hotels as it expands its operations and improves its margins, but those seeking quick post-listing gains may need to moderate their expectations. Expert Opinions and Market Sentiment Market analysts have taken a neutral to cautious stance on Grand Continent Hotels post-listing. While the company’s growth method and growth plans preserve their promise, the subdued listing average overall performance highlights the market’s issues about its current valuations and competitive positioning. Analysts believe that long-term investors can also revel in the company’s growth trajectory, but short-term price appreciation can also stay muted due to immoderate opposition and marketplace volatility. Conclusion Grand Continent Hotels’ flat listing on the NSE SME platform presents a balanced mixture of optimism and caution among investors. While the organisation has demonstrated good and steady financial overall performance and laid out a clear growth strategy, its listing valuation, competitive pressures, and ongoing current market conditions have tempered market enthusiasm. Investors seeking long-term exposure to India’s developing hospitality sector can also discover Grand Continent Hotels as an attractive option, however patience and a focus on long-term fundamentals would&nbsp; be key to identifying potential profits.

Grand Continent Hotels Limited, a Bengaluru-based mid-segment and mid phase hospitality player, listed its shares on the NSE SME platform on March 27, 2025.

Grand Continent Hotels IPO Lists Flat on NSE SME: What It Means for Investors

Nirav Modi, along with his uncle Mehul Chhoksi and several officials of the Punjab National Bank, has masterminded the biggest banking scam ever in India from book-keeping transactions to the tune of some ₹12,000 crore in early 2018. They are said to have exploited the loophole in Indian banking systems via the unauthorized issue of Letters of Undertaking (LoUs) by the PNB Brady House branch in Fort, Mumbai. This scam points out gross lapses in banking oversight and regulatory control, with serious financial and legal ramifications.&nbsp; ​ Key Figures in the Scam <ol><li style="font-size:15px;color:#000000;background-color:transparent">Nirav Modi – Diamond merchant and prime accused.</li><li style="font-size:15px;color:#000000;background-color:transparent">Mehul Choksi – Owner of Gitanjali Gems and Nirav Modi’s uncle.</li><li style="font-size:15px;color:#000000;background-color:transparent">Gokulnath Shetty – Deputy Manager at PNB, facilitated fraudulent LoUs.</li><li style="font-size:15px;color:#000000;background-color:transparent">Manoj Kharat – PNB employee, allegedly assisted in issuing unauthorized LoUs.</li><li style="font-size:15px;color:#000000;background-color:transparent">Multiple Indian banks – Overseas branches of Allahabad Bank, Axis Bank, and UCO Bank honoured these fraudulent LoUs.</li></ol> Inside the PNB Fraud The scam was carried out through fake LoUs, a type of bank guarantee issued by banks for businesses to obtain credit from foreign banks for international trade and assuring the lender that the issuing bank will repay the loan if the borrower defaults. The PNB officials including deputy manager Mr. Gokul Shetty colluded with Nirav Modi's firms-Diamond R US, Solar Exports, and Steller Diamonds-and issued fake LoUs without even a token cash margin whenever LoUs were to be used. These were then used to obtain credit from the overseas branches of Indian banks such as Allahabad Bank, Axis Bank and Union Bank of India. The fraud escaped detection because the transactions were kept out of PNB's core banking system (CBS) and executed through SWIFT, the international messaging network for financial transactions. Investigations and Arrest&nbsp; The frauds remained unexplained and sat on paper until January 2018 when officials of PNB noticed irregularities in the transactions that had passed unnoticed thanks to a recruit who raised further queries. As an afterthought, on January 29, 2018, the financial institution, alleging a main fraud by Nirav Modi, his wife Ami Modi, brother Nishal Modi, uncle Mehul Choksi, and involved several other bank officers that had have complained to the Central Bureau of Investigation (CBI). The case was also taken up by using the Enforcement Directorate (ED) and the Reserve Bank of India (RBI). Before 2011, Nirav Modi and Mehul Choksi created their firms within the diamond and jewellery business and they created networks with key financial institution officers and suppliers.&nbsp; From 2011 to 2017, PNB Brady House branch issued fraudulent LoUs which allowed Modi’s companies to secure loans worth ₹12,000 crore. The fraud remains undetected as Gokulnath Shetty bypassed the bank’s Core Banking System (CBS) and issued LoUs via the SWIFT interbank messaging system which is a loophole discovered by them. These LoUs acted as bank guarantees, allowing Modi’s firms to obtain credit from overseas branches of Indian banks. Since these LoUs were not recorded in PNB’s official ledgers, the fraud remained undetected for several years. The fraudulent LoUs were continuously rolled over, allowing Modi’s companies to siphon funds without repaying. On 29 Jan 2018, PNB filed a complaint against Nirav, Ami Modi, Nishal Modi and <a href="https://en.wikipedia.org/wiki/Mehul_Choksi">Mehul Choksi</a>, all partners of M/s Diamond R US, M/s Solar Exports and M/s Stellar Diamonds committed the offence of cheating against PNB and caused a wrongful loss to CBI. The PNB officials in his complaint alleged two of its employees, Gokulnath Shetty, retired Deputy Manager of PNB and another bank official, issued fraudulent LoUs to Hong Kong-based creditors on behalf of three firms associated with Nirav Modi and the Gitanjali Group. On 18 May 2018, The scam came out in front of the public domain worth ₹14,356.84 crore and Nirav Modi is stated to be hiding in London and allegedly visiting on a fake passport in Feb 2018. On 13 June 2018, CBI approached Interpol to issue a red corner notice (RCN) in opposition to Nirav Modi, his uncle Mehul Choksi of the Gitanjali Group, his brother Nishal and certainly one of his executives in connection with its explore for PNB fraud.&nbsp; Nirav Modi was arrested in central London on 19 March 2019 after an Indian-origin clerk at a bank in central London recognized him and alerted the police. The next day Nirav appeared in court and in that month a UK court rejected twice to grant bail on the ground that he was a flight risk and could flee the country if given a chance. Mehul Choksi, on the other hand, however sought refuge in Antigua and Barbuda, claiming he left India for medical treatment. His extradition remains an ongoing legal battle. <h3 style="line-height:1.38;text-align: justify">Asset Seizures and Legal Proceedings</h3>In the aftermath of the scam, Indian authorities initiated a crackdown on the accused by attaching their assets under the Fugitive Economic Offenders Ordinance. Swiss authorities froze Nirav Modi’s and his sister Purvi Mehta’s bank accounts, amounting to ₹283.16 crore. Similarly, Singapore’s High Court ordered the freezing of four bank accounts associated with Modi and his associates, containing ₹44 crore. In June 2020, a special PMLA (Prevention of Money Laundering Act) court ordered the confiscation of Nirav Modi’s assets and all the related belongings that amounted to ₹1,400 crore. The ED further auctioned off luxury objects, together with high-end watches, jewellery, and paintings, recovering ₹2.29 crore. In parallel, the CBI filed a disproportionate assets case against Gokulnath Shetty, revealing that his wealth was over 200% more than his known income sources. PNB and the Indian government. <h3 style="line-height:1.38;text-align: justify">Government and RBI Reforms</h3>The PNB scam revealed major loopholes in Indian banking regulations. The Indian authorities, in response, brought in the Fugitive Economic Offenders Bill (2018), which now enables the authorities to seize the assets of the economic offenders fleeing the country. The RBI additionally took corrective measures by scrapping LoUs and Letters of Comfort (LoCs) to prevent similar frauds from going onwards in the future.&nbsp; <h3 style="line-height:1.38;text-align: justify">Financial Impact</h3>​ PNB suffered direct losses of ₹14,356 crore, leading to:<ul><li style="font-size:15px;color:#000000;background-color:transparent">Net loss of ₹12,283 crore in FY 2018-19.</li><li style="font-size:15px;color:#000000;background-color:transparent">Stock price drop of 40% post-revelation.</li><li style="font-size:15px;color:#000000;background-color:transparent">₹5,473 crore provisions set aside for potential NPAs.</li></ul>Banking sector reforms:<ul><li style="font-size:15px;color:#000000;background-color:transparent">Stricter audit norms for SWIFT transactions.</li><li style="font-size:15px;color:#000000;background-color:transparent">Improved internal banking oversight to prevent such frauds.</li></ul><h3 style="line-height:1.38;text-align: justify">Current Status</h3>As of now, Nirav Modi is still fighting against extradition from the UK while Mehul Choksi's status remains murky in Antigua. The Indian government is still adamant in attempting to bring both fugitives to justice, as authorities continue to try and recover all other assets and make other financial institutions tighten security to avert such frauds in the future. Conclusion The PNB fraud case brings into focus the vulnerability of the Indian banking industry. While measures have been instituted to remediate the incident, the conduct reinforces the need for very strict regulatory scrutiny and technology upgradation to avert such high-profile financial crimes. This case illustrates the pressing need for international collaboration to counter economic offenders who misuse loopholes in legal systems to escape justice.&nbsp;

Punjab National Bank, has masterminded the biggest banking scam ever in India from book-keeping transactions to the tune of some ₹12,000 crore in early 2018.

The PNB Fraud: A Banking Scandal That Shook India

﻿In a latest development underscoring the crucial importance of robust cybersecurity and compliance frameworks in India's financial sector, HDFC Securities, a prominent well known domestic brokerage firm and corporation, has agreed to an agreement of settlement with the <a href="https://www.planify.in/planify-feed/sebi-board-meeting-outcome-key-reforms-for-sme-ipos/">Securities and Exchange Board of India</a> (SEBI). The agreement entails a charge of ₹65 lakh to clear up and resolve allegations of non-compliance with regulatory norms related to information era (IT) systems, disaster recuperation mechanisms, and cybersecurity protocols. Background of the Settlement The settlement originated from an initial previously published&nbsp; show cause notice (SCN) issued by SEBI on August 8, 2024, highlighting numerous non-compliances within HDFC Securities' operations. The organization sought to resolve these allegations "without admitting or denying the findings of data facts and conclusions of law" through a settlement order.&nbsp; Key Allegations Against HDFC Securities Inadequate Capacity Utilization Alerts:&nbsp; &nbsp;SEBI mandates that active alerts and signals should be generated at the time when&nbsp; the capacity usage of important&nbsp; assets exceeds 70%. However, HDFC Securities' IT guidelines lacked this provision, setting alert thresholds at 80% for some major applications and programs and 75% for CPU and reminiscence memory&nbsp; usage, thereby exceeding the regulatory restriction.&nbsp; Partial Implementation of Log Analytics and Monitoring Application (LAMA):&nbsp;&nbsp;The brokerage had not implemented the LAMA system for 47 out of 52 servers for the duration of the inspection duration period, elevating issues and raising concerns about its monitoring competencies and capabilities in terms of operations.&nbsp; Failure to Conduct Quarterly Disaster Recovery Drills: &nbsp;SEBI calls for brokers to conduct a full trading day disaster restoration drill in each area or quarter we can say to ensure operational resilience. <a href="https://www.planify.in/research-report/hdfc-securities-limited/">HDFC Securities</a> allegedly did not&nbsp; adhere to this mandate at some stage and this mandate restriction&nbsp; in the inspection period. Inadequate Cybersecurity and Cyber Resilience Policies: The company's guidelines or policies were observed missing in numerous areas, along with the incomplete categorization of important packages of applications and servers, that is critical for figuring out and defending or protecting&nbsp; essential assets.&nbsp; The organisation's cybersecurity and cyber resilience policy lacked a described frequency for accomplishing periodic cybersecurity and information safety recognition training for employees. Additionally, the coverage policy failed to categorize vendors as critical or non-crucial, an important degree and measure for powerful risk management and making sure of security protocols for high-risk partnerships. Improper Classification of Critical Assets HDFC Securities allegedly didn't classify positive important packages of applications, consisting of the active directory or listing for employee logins and its internet-going through website concerns, as crucial assets at some stage in the inspection duration long term period, doubtlessly exposing them to protection and security risks. Settlement Process and Approval Following the SCN, HDFC Securities submitted a settlement document of application on August 8, 2024. SEBI's internal committee reviewed the application and encouraged a settlement value of&nbsp; worth ₹65 lakh. The excessive and high-powered advisory committee assessed the application on December 24, 2024, and the panel of whole-time members accredited the settlement amount on February 5, 2025. On March 4, 2025, HDFC Securities formally notified SEBI about the fee payment of the settlement amount. Implications of the Settlement The settlement of ₹65 lakh concludes SEBI's regulatory proceedings towards HDFC Securities concerning the identified violations. However, SEBI clarified that this agreement does not prevent further regulatory action in accordance with regulatory compliance, if HDFC Securities is later determined to have provided incomplete or misleading records, did not uphold settlement commitments, or violated any undertakings. The regulator keeps the authority to pursue additional measures if discrepancies arise. This settlement highlights several critical aspects pertinent to the financial industry: <ol><li style="font-size:16px;color:#222222;background-color:transparent">Regulatory Vigilance: SEBI's proactive approach in identifying and addressing non-compliance issues emphasizes the regulator's commitment to maintaining the integrity and security of the financial markets. </li><li style="font-size:16px;color:#222222;background-color:transparent">Importance of Robust IT and Cybersecurity Frameworks:&nbsp; Financial institutions are increasingly reliant on complex IT infrastructures. Ensuring these systems are resilient, secure, and compliant with regulatory standards is paramount to protect against cyber threats and operational disruptions. </li><li style="font-size:16px;color:#222222;background-color:transparent">Need for Continuous Monitoring and Compliance:&nbsp;&nbsp;The allegations against HDFC Securities underscore the necessity for continuous monitoring of IT systems, regular disaster recovery drills, and adherence to cybersecurity protocols to mitigate risks effectively.</li></ol> SEBI's Focus on Compliance and Risk Management This case highlights SEBI's emphasis on strict compliance and risk management within the financial sector. The regulator is working on finalizing a standard operating procedure (SOP) for applying settlement regulations amid a rising number of settlement matters. SEBI is also looking at achieving uniformity in applying the settlement formula for settling cases, ensuring consistent enforcement across the industry.&nbsp; The Securities and Exchange Board of India (SEBI) has been actively enforcing compliance across the financial sector, leading to a significant increase in settlement amounts. As of March 15, 2025, SEBI has collected ₹851 crore in settlements for the fiscal year 2024-25, a substantial rise from ₹125 crore in FY23 and ₹94 crore in FY24. This HDFC Securities settlement case serves as a reminder for financial institutions to maintain vigilant and proactive approaches to IT and cybersecurity management, ensuring the stability and security of the broader financial ecosystem.&nbsp; Conclusion The settlement between HDFC Securities and SEBI underscores the critical importance of robust IT and cybersecurity frameworks in the financial sector. Financial entities must prioritize stringent compliance measures to safeguard sensitive information and maintain operational resilience. SEBI's proactive enforcement actions serve as a reminder to all market participants about the necessity of adhering to regulatory standards to ensure the integrity and stability of the financial markets. The presented case underscores SEBI's commitment to ensuring that market participants adhere to strict regulatory standards to protect investors and maintain market integrity. As SEBI continues to enhance its regulatory framework and settlement processes, financial entities must prioritize compliance to avoid penalties and maintain investor trust. ​

HDFC Securities, a prominent well known domestic brokerage firm and corporation, has agreed to an agreement of settlement with the Securities and Exchange Board of India (SEBI).

SEBI Settlement: HDFC Securities to Pay ₹65 Lakh for Breaches

Basilic Fly Studio, a Chennai-based visual effects (VFX) company, has been a&nbsp; rising famous star in India’s entertainment industry, known for its diligent work on high-profile projects and tasks like Avengers: Endgame and Avatar 2. However, recent allegations of financial irregularities have cast a strong shadow over its achievement. This article delves into the information of the case, analyzing the allegations, the vital component and players concerned, and the broader implications for corporate governance in India’s VFX and AI sector. About Basilic Fly Studio Founded in 2016, Basilic Fly Studio quickly gained recognition for its incredible and high-quality VFX art work, serving over 300 customers and finishing 10,000 initiatives of projects, inclusive of films, TV shows, and commercials or advertisements. The business enterprise’s IPO in 2023 was a report-breaking achievement, with subscriptions exceeding 286 times the issue size significantly exceeded, raising ₹14,160 crore in opposition to a ₹66 crore issue. However, beneath this fulfillment and success lay signs of financial mismanagement that would later&nbsp; come to light. The Basilic Fly Studio Ltd. fraud case stems from accusations that the business enterprise's promoters manipulated its stock price, resulting in excessive financial implications for investors and heightened scrutiny from regulatory authorities. Problem Statement The primary trouble at the coronary heart of the Basilic Fly fraud case is the alleged manipulation of financial statements and stock prices by business enterprise's promoters. This raises concerns about the integrity of financial reporting, the effectiveness of regulatory oversight, and the vulnerability of investors in such eventualities or scenarios. Record-Breaking IPO and Market Performance In September 2023, Basilic Fly Studio launched an Initial Public Offering (IPO) on the SME platform that was aiming to raise ₹66 crore. The IPO received an amazing response from the IPO introduced, bringing up bids exceeding ₹10,000 crore, highlighting considerable investor interest within the VFX industry. The shares were priced between ₹92-97, and upon listing, the stock primarily delivered outstanding returns to its investors. Financial Discrepancies and Red Flags&nbsp;&nbsp; Post-IPO, issues and concerns emerged regarding the company's financial reporting. Analysts highlighted that some major accounting rules and assumptions might have precipitated inflated profit figures. While these strategies are within the legal barriers, they raise questions on the sustainability and authenticity of the suggested reported earnings. July 2023:&nbsp; Initial reviews and reports emerge suggesting discrepancies within the business enterprise's financial statements. September 2023: The business enterprise conducts a public offering that sees overwhelming interest from investors, contemplated at a 286 times subscription rate. January 2024: Concerns about the integrity of the promoters resulted in challenging situations from investors about the company’s financial disclosures. May 2024: The corporation issues revised financial statements within two days, escalating suspicions amongst investors concerning the promoters' intentions and capabilities. The first signs of trouble emerged in late 2024 at the stringent time when Basilic Fly Studio reported a statutory profit of ₹291.8 million for the year ending September 2024. However, a closer look and examination revealed that the company had negative free cash flows (FCF) of ₹187 million in the same period. There need to be stricter and abundant regulations that deviate from the consistent growth. This discrepancy, highlighted by a significant high accrual ratio of 0.40, indicated that the stated earnings and reported profits had been now not supported by actual cash inflows, raising troubles about the business enterprise's financial health. Revised Financial Statements&nbsp; In a surprising turn of events, the enterprise revised its financial statements days after the initial release. This unparalleled do away with and the following revisions induced large speculation about the integrity of the agency's financial reporting. Investors and analysts wondered whether or not the revisions had been an attempt to manipulate stock prices or cowl up deeper financial problems.&nbsp; Stock Performance Following the revelations, Basilic Fly Studio's stock price plummeted by 33% over the past year, which resulted in eroding significant shareholder value. The company's market capitalization, which once stood at ₹610 crore, has been severely impacted.&nbsp; Misrepresentation of Financial Health&nbsp; Debt and Working Capital Issues: The company's financials reveal alarming trends, including high debtor days (229 days) and a sharp increase in working capital days (from 95.7 days to 266 days). These metrics indicate severe liquidity challenges and inefficiencies in managing receivables.&nbsp; Profitability Concerns: Despite reporting repeated profits, Basilic Fly Studio has now not paid dividends to its shareholders. This, coupled with declining running income margins (from 52% in 2023 to 49% in 2024), has similarly further eroded investor confidence.&nbsp; Auditor's Findings The statutory auditors, of their record for the financial year 2022-2023, said that they did not pick out and identify&nbsp; any fraud as specified mentioned underneath Section 143(12) of the Companies Act, 2013. This suggests that, from an external audit point of view, the financial statements have been free from&nbsp; material misstatements due to fraud. Allegations of Fraud&nbsp; The most damning allegations against Basilic Fly Studio involve potential fraudulent activities by its promoters. Critics have pointed to two possible scenarios:&nbsp; Intentional Manipulation: The promoters may have deliberately inflated profits to attract investors and boost stock prices.&nbsp; Incompetence: The promoters may have lacked the expertise to manage the company's financial reporting, leading to unintentional errors.&nbsp;&nbsp; Broader Implications: Impact on the VFX Industry&nbsp; The Basilic Fly Studio scandal has solidified and cast a shadow over India's burgeoning VFX industry. With the authorities imparting incentives like a 30% rebate on qualifying expenses for foreign places productions, the enterprise was poised for growth. However, the scandal has raised concerns about the credibility of Indian VFX organizations, doubtlessly deterring foreign&nbsp; investments.&nbsp; Market Perception and Investor Confidence Despite the allegations, Basilic Fly Studio's&nbsp; overall stock performance remained strong and robust. The company's shares have drastically assured and persevered and continued to attract investor interest, reflecting confidence in its company business model and future prospects. This should continue on the path of strategic deviation and correction.&nbsp; The investment by prominent investors such as <a href="https://www.planify.in/investors/ashish-kacholia/">Ashish Kacholia</a> further bolstered this sentiment, indicating acceptance and trust in the company's leadership and marketplace role and position. The Ace investor ashish kacholia had this SME corporation with 2.35% stake in basilic fly studio which delivered huge and significant returns. Conclusion The Basilic Fly Studio case underscores the complexities of balancing speedy and rapid growth with financial transparency. This&nbsp; financial scam serves as a stark reminder of the risks related to making an investment in&nbsp; companies with vulnerable and weak governance systems. While the company's contributions to the VFX industry are commendable, the worries about its financial practices highlight the need for strong and necessary mandated corporate&nbsp; governance and the significance of due diligence and transparency. Investors need to stay vigilant, and regulators have to put in force stricter compliance to shield the integrity of India's financial markets. As the VFX sector continues to expand, ensuring that innovation is matched with financial integrity will be crucial for sustainable success. As the investigation into Basilic Fly Studio continues, the lessons learned from this case will undoubtedly shape the future of corporate governance in India. For now, the company's once-promising trajectory serves as a cautionary tale for <a href="https://www.planify.in/investors/">investors and industry stakeholders</a> alike.&nbsp;&nbsp;​

In September 2023, Basilic Fly Studio launched an Initial Public Offering (IPO) on the SME platform that was aiming to raise ₹66 crore.

The Basilic Fly Studio Financial Case: A Darling of SME IPOs

﻿The Indian stock market confronted a downturn in 2025, leading to changing investor sentiment due to volatile market outlook and this has been inspired by multiple factors and&nbsp; elements that drove this along with high valuations, a slowing economy, and worldwide trade tensions. This transition further has&nbsp; led to a huge market correction, impacting both listed and unlisted stocks. Benchmark indices like Sensex and Nifty have fallen by around approximately 4.5%, while broader indices like BSE MidCap and SmallCap have declined even similarly near around 14 and 17 percent respectively, reflecting the severity and ongoing heat of the market conditions. Recent Performance of Unlisted Shares Unlisted shares have experienced declines, with some tremendous examples consisting of Metropolitan Stock Exchange of India, Matrix Gas Renewables, and Motilal Oswal Home Finance. Metropolitan Stock Exchange of India, which had an amazing surge in 2024, experienced a widespread correction in 2025. Conversely, some unlisted stocks like Nayara Energy and NCDEX have defied the broader market trend, posting gains. The year 2025 has been marked with the aid of sizable sell-offs in international markets, and unlisted shares have not been spared. Several excessive and high-profile unlisted corporations have presented marked declines: <a href="https://www.planify.in/research-report/metropolitan-stock-exchange-india-limited/">Metropolitan Stock Exchange of India</a>:&nbsp;&nbsp;After a top notch surge of over 1100% in 2024, the exchange's shares plummeted by greater than 40% in 2025, settling at ₹7.5 per share. <a target="_blank" href="https://www.planify.in/research-report/matrix-gas-renewables/">Matrix Gas Renewables</a>: This organisation's stock declined by way of 31% year-to-date, following a 6% drop in 2024. <a target="_blank" href="https://www.planify.in/research-report/motilal-oswal-home-finance-ltd/">Motilal Oswal Home Finance</a>: Despite a sturdy 50% upsurge in 2024, the firm's stocks have fallen via 26% in 2025. <a target="_blank" href="https://www.planify.in/research-report/hero-fincorp/">Hero FinCorp</a>: After a 45% rally in 2024, the organisation's shares have reduced by value of around&nbsp; 25% this year. <a target="_blank" href="https://www.planify.in/research-report/apollo-green-energy-limited/">Apollo Green Energy</a>: The company's stocks have declined by 13% in 2025, extending a 33% drop from the preceding year. These corrections underscore that unlisted stocks are at risk of broader financial and market forces, challenging the perception that they are insulated from public market volatility. <a target="_blank" href="https://www.planify.in/research-report/hdb-financial-services-limited/">HDB Financial Services</a> has seen an 11 percent drop year to date in spite of a 40 percent growth in 2024, even as each Vikram Solar and Oyo have reduced by value of about 10 percent each.&nbsp; Securities have each declined about 7.5 percent year to date after growing by 24 percent and 1 percent, respectively, in 2024. API Holdings has reduced with the aid of 7.2 percent after a 15 percent drop in the last year, while Cochin International Airport has dropped 5.4 percent following an upward thrust of more than 92 percent in 2024.&nbsp; Orbis Financial Corp and Chennai Super Kings have each dropped 4.5 percent after increasing 84 percent and 11 percent, respectively, in the preceding year. <a href="https://www.planify.in/research-report/national-stock-exchange/">India's biggest exchange NSE</a>, has only declined by 3 percent in 2025 after rising more than 143 percent in 2024. Factors Contributing to Volatility in Unlisted Stocks Several elements have contributed to the current volatility determined in unlisted stocks: Economic Slowdown: Global economic deceleration has dampened investor sentiment ongoing fluctuations in the prices, which in turn leading&nbsp; to decreased valuations across both listed and unlisted markets. Geopolitical Tensions: Escalating conflicts and massive global trade disputes have resulted in presenting heightened uncertainty, prompting investors to re-evaluate their portfolios and adopt greater conservative strategies.&nbsp; Psychological Factors: Behavioral biases, mainly included in factors of individual personal choices towards investment such as herd conduct and loss aversion, can enlarge volatility in unlisted markets. Investors may additionally rush to sell holdings in response to broader marketplace declines, exacerbating price movements. Global Tariff Wars: The resurgence of world exchange global tensions, particularly following the U.S. election victory of Donald Trump, has introduced uncertainty. Foreign Investor Selling: Foreign Institutional Investors (FIIs) had been net dealers, withdrawing out billions of bucks in terms of dollars from Indian markets. Stocks Defying the Downturn Despite the broader marketplace decline, sure unlisted stocks have defied the sample. Nayara Energy has improved via 16 percent, while NCDEX has risen by 5 percent. Last year, Nayara Energy improved by 346 percent, while NCDEX fell by 27 percent. Expert and Analysts&nbsp; Insights​<ol><li style="font-size:16px;color:#000000;background-color:transparent">&nbsp;Sector-Specific Shifts in Investor Interest </li></ol>Analysts word that sector-precise shifts in investor interest have become evident. Stocks within the solar and inexperienced strength sectors, which have been marketplace favorites in recent quarters, are actually losing some of their luster. In evaluation, there is developing interest in exchange and exchange trade-associated ecosystem stocks, together with NSE and NCDEX. &nbsp; &nbsp;2.&nbsp; Trading Volumes and Liquidity​The broader marketplace correction has led to a giant lower in trading volumes inside the unlisted space. Unlike listed stocks, unlisted stocks lack liquidity, which means buyers and sellers aren't present without difficulty available. While this reduces volatility, it also poses demanding situations for investors seeking quick exits. Conclusion The unlisted shares market, presenting at the same time as less unstable and volatile than its listed counterpart, is not immune to broader marketplace developments. As the Indian markets navigate a hard and complex environment, unlisted stocks have additionally confronted corrections, with a few sectors and stocks being hit more difficult than others. Investors within the unlisted area need to stay cautious and focus on companies with sturdy basics and growth capacity. While the dearth of liquidity and transparency poses challenges, the unlisted marketplace additionally gives particular opportunities for those inclined to take a long-term time period view. As the marketplace continues to unfold, it will be essential to screen income reports, sector-precise traits, and global tendencies to gauge the direction of unlisted stocks.

huge market correction, impacting both listed and unlisted stocks. Benchmark indices like Sensex and Nifty have fallen by around approximately 4.5%, while broader indices like BSE MidCap and SmallCap have declined even similarly near around 14 and 17 percent respectively, reflecting the severity and ongoing heat of the market conditions.

Unlisted Stocks Also Feel The Heat Of Market Volatility

In a notable episode of Shark Tank India Season 4, Meghalaya-based exceptionally unique startup Eriweave secured an investment of ₹20 lakh for 12% equity from renowned investors Anupam Mittal and Namita Thapar. The investment is not only highlights the potential of Eriweave’s unique business model that stands out&nbsp; and mark promising deal from the meghalaya community but additionally shines a spotlight at the rich cultural history and heritage of Meghalaya and the developing interest of investors in sustainable and socially impactful ventures.&nbsp;&nbsp; This article offers a complete overview of Eriweave, its journey on Shark Tank India, the significance of the investment, and what this indicates for the future of the startup and the handloom industry in India.&nbsp;&nbsp; About the company: Eri Weave Eriweave is a Meghalaya-based startup that specializes in producing Eri silk merchandise, consisting of shawls, stoles, and cloth. Eri silk is kind of&nbsp; called Ahimsa silk, is a kind of silk produced without harming the silkworm, making it a sustainable and green opportunity to standard silk.&nbsp; Eri silk comprises the raw material of the cocoons of the Eri silkworm, which is probably harvested after the moth has left. This process ensures that no silkworms are harmed and makes natural hand-made products, making Eri silk an eco-friendly sustainable green opportunity to conventional silk. Eri silk also appeared for its gentle texture, sturdiness, and thermal properties, making it perfect for quite a few apparel and clothing items.&nbsp; Founded by Iaishah Rymbai, presents leadership with strategic vision, EriWeave makes a speciality of generating organically dyed Eri silk yarn and handwoven fabrics. The corporation's venture is deeply rooted in empowering women and empowering them by becoming artisans and promoting sustainable economic development. The Inception of Eri Weave The artwork of Eri silk weaving in Meghalaya traces its roots to the village of Iapngar, where sericulture turned into to start with restricted to silkworm rearing for food. It wasn't till the Nineteen Seventies that the craft of Eri silk spinning and handloom weaving flourished, thanks to the vision of Kristina Dris Lyngdoh Thaiang.&nbsp; Her passion stimulated generations, which include Kong Prissila Rymbai, who persisted in the subculture. In 2018, a behind schedule headband order due to yarn shortages made Kong Iaishah Rymbai recognise the urgent want for professional spinners and weavers in the place. Determined to bridge this gap, she collected a team and collaborated with the Raid Iapngar Handloom Weaver Cooperative Society, turning a project into an opportunity. About the Founders and Their Vision&nbsp;&nbsp; The startup EriWeave was founded by Iaishah Rymbai,&nbsp; specializing in producing organically dyed Eri silk yarn and handwoven fabrics. The enterprise utilizes locally sourced Eri silk cocoons to create genuine, home made stoles, scarves, and fabric. Their commitment to moral layout and unique coloration combinations sets them aside within the Indian textile enterprise.&nbsp; Iaishah's entrepreneurial journey is both inspiring and poignant. Married at the age of 20 and later divorced, she faced personal challenges that led her to grow to be a single mom of four daughters. Determined to provide for her family and driven by a passion for traditional weaving, she set up EriWeave. In December 2018, Iaishah received an order for fifty Eri silk scarves. Recognizing the potential to restore the diminishing art of Eri silk weaving, she mobilized nearby ladies, encouraging them to learn and participate in the craft.&nbsp; The&nbsp; brand "EriWeave" was formally launched on March 1, 2022, on the PRIME Startup Hub in Shillong. Initially known as Iaishah Ryndia, the startup focused on producing yarn, fabrics, and merchandise made from Eri silk using traditional, eco-friendly, and natural dyeing tactics. EriWeave's project centers on retaining the legacy of Eri silk even as offering sustainable livelihoods to local women artisans. Under Iaishah's leadership, EriWeave has grown right into a collective of passionate artisans committed to crafting hand-spun Eri yarn and hand-woven fabric. The brand strives to provide seamless&nbsp; blends of art and fashion with a vision to presenting and showcasing the artistic finesse of Meghalaya's ladies artisans and reminiscent of way of life. The organisation's commitment to sustainability, community empowerment, and the preservation of cultural historical past has linked&nbsp; it with hand made craftsmanship and proficiency of artisans ideas positioning it as a beacon of traditional craftsmanship within the cutting-edge marketplace. The brand's journey from a village initiative to a recognized entity exemplifies the transformative and unique blending way of weaving subculture with empowerment. EriWeave: Products and Sustainability Eriweave gives handwoven Eri silk products crafted via nearby ladies artisans, combining way of life, sustainability, and fashion. Their merchandise encompass stoles, scarves, and walking fabrics, outstanding by way of ethical designs and particular coloration combos. Eriweave's dedication to sustainability is clear in its use of organic dyes made from herbal substances like lac, turmeric, leaves, and barks.&nbsp; This eco-friendly approach not most effective preserves the environment but also aligns with cultural values. The agency employs more than 100 homemakers, supplying livelihood to faraway villages and generating vegan, handcrafted, premium satisfactory silk fabric and its by using-products. Eri silk is likewise known as peace silk or Ahimsa silk because it is a non-violent silk that doesn’t require killing the moth to extract the fibre. The Shark Tank India Pitch and Investment On Shark Tank India, Iaishah Rymbai sought ₹20 lakh for 12% equity in Eriweave. <a target="_blank" href="https://www.planify.in/investors/anupam-mittal/">Anupam Mittal</a> and <a target="_blank" href="https://www.planify.in/investors/namita-thapar/">Namita Thapar</a> were moved by Iaishah's story and her determination to revive a loss of life tradition while empowering local ladies.&nbsp; Namita Thapar emphasized the importance of supporting entrepreneurs like Iaishah, who function as models for ladies within the united states of america. Anupam Mittal mentioned the demanding situations of building demand in such companies, however he was concerned about the significance of presenting opportunities to individuals who lack them. Ultimately, they invested ₹20 lakh for 12% equity, recognizing Eriweave's capacity and Iaishah's inspiring journey. EriWeave: Traction and Financials Eriweave has proven good sized traction, assisting the livelihood of over 100 families. The organization's first-class-promoting products are stoles, which make contributions to 70% of its total sales. Eri Weave Private Limited generated a revenue of ₹18.3L for the financial year ending on March 31, 2024. Following the airing of <a target="_blank" href="https://www.planify.in/shark-tank/">Shark Tank India</a>, Eriweave obtained about 60,000 orders, indicating an extensive boom in demand for and brand recognition. The investment from Anupam Mittal and Namita Thapar, coupled with the expanded visibility, has placed Eriweave for continued increase and expansion. EriWeave: Recognizing Potential and Impact <ul><li>Social Impact:&nbsp; Eri Weave's commitment to empowering local ladies artisans and promoting sustainable livelihoods aligns with socially responsible investment concepts.</li><li>Sustainable Fashion: The international shift toward sustainable and green products positions Eri Weave favorably within the marketplace.</li><li>Unique Value Proposition: The brand's fusion of traditional weaving techniques with current designs offers a completely unique product line that caters to a gap but developing marketplace section. </li></ul> Shark Tank India's Role in Promoting Regional Startups Shark Tank India has emerged as a pivotal platform for entrepreneurs from numerous backgrounds to exhibit their innovations and steady funding. EriWeave's success tale is particularly widespread as it represents the first employer from Meghalaya to secure a deal on the show. This success not only boosts the morale of entrepreneurs from the Northeast but also encourages the preservation and promotion of indigenous crafts on a national level. Future Prospects With the infusion of capital and mentorship from pro traders, EriWeave is poised for growth. The company aims to enhance its manufacturing talents, attain broader markets, and preserve empowering nearby artisans. The collaboration with Anupam Mittal and Namita Thapar brings precious expertise in scaling agencies, a good way to be instrumental in navigating the challenges of growth even as keeping the brand's middle values of sustainability and culture. Conclusion​In conclusion, EriWeave's journey from the looms of Meghalaya to the country wide spotlight of Shark Tank India exemplifies the transformative power of entrepreneurship rooted in cultural background. The funding via Anupam Mittal and Namita Thapar now not only provides economic aid but also validates the importance of retaining conventional crafts in current markets. As EriWeave embarks on this new chapter, it stands as a beacon of ideas for artisans and marketers across the country.

Meghalaya-based exceptionally unique startup Eriweave secured an investment of ₹20 lakh for 12% equity from renowned investors Anupam Mittal and Namita Thapar.

Anupam Mittal & Namita Thapar Invest ₹20 lakh for 12% equity in Meghalaya Eriweave Startup

The Indian startup ecosystem was surprised by the revelation of financial irregularities in one of the recent EV startups recognized as GoMechanic, a well-known automobile servicing platform. It is one of the eye-opening events recently happening at the leading EV servicing company.&nbsp; What started as a promising venture backed by major investors soon turned into a cautionary tale of corporate misgovernance, leading to mass layoffs and a significant loss of trust in the company. <h3 style="line-height:1.38;text-align: justify">The Rise of GoMechanic</h3>​ GoMechanic was founded in 2016 by extraordinary business-minded leaders, including Amit Bhasin, Kushal Karwa, Nitin Rana, and Rishabh Karwa, GoMechanic came to be a tech-driven solution for getting less cost and transparent car servicing and repairs. The firm grew fast and gained momentum with investments from large <a href="https://www.planify.in/organisations/">venture capital firms</a> like Sequoia Capital and Tiger Global. With a 1,000-plus service station network, the company positioned itself to be the leader in the car repair sector.&nbsp; GoMechanics Rapid Fall: How Things Unfold? From Jan - Feb 22, Softbank, an investment holding company that invests in technology companies and GoMechanic started talking with each other about funding raising. &nbsp;On Feb 22, the Founders of GoMechanic met with Softbank’s CEO Masayoshi Son and finalized the deal. On Mar 22, Softbank was ready to invest at a $850-$900 million valuation but the company asked for a $1.2 billion valuation. The Deal stalled due to the Global Tech Crunch. On Aug 22, the company started running out of cash because of its high burn rate. Then GoMechanic approached Softbank and agreed to raise funds at a lower valuation even further than was offered by Softbank. In Aug - Sept 22, Softbank agreed to invest $30-$35 million and the rest of the capital will come from another fund that is Malaysia’s sovereign fund called Khazanah.&nbsp; On Oct 22, both Softbank and Khazanah on board EY for the Due diligence before investing at $600-$650 million. On Dec 22, EY raised multiple concerns regarding financial reporting. Both the investors have pulled out of the deal as the findings are rational. This is where the things were changed for the GoMechanic. In Jan 2023, the Founders of GoMechanic also admitted the financial misconduct making some grave mistakes that resulted in massive layoffs about 70% of employees were fired to reduce the cost which is about 30% of total expenses. PwC, which is the financial auditor of GoMechanic for FY20, has further found that regulatory filings highlighted the discrepancies identified in their FY20 audit report.&nbsp; Three Big Red Flag Raised<h3 style="line-height:1.38;text-align: justify">Suspicious Expenses: ₹108 Cr. in "Other Expenses"</h3>​ ​The company had classified a huge amount of ₹108 crore under 'Other Expenses' in its FY22 income statement without providing any additional details. <ul><li>Usually, companies give a full breakdown of major expenses, especially concerning their relative materiality (size).</li><li>This non-transparency gives rise to doubts about these being either legitimate operational costs or inflated and false expenses created to hide financial irregularities.</li><li>Such a huge amount under other unclassified expenses strongly indicates embezzlement of funds, fake transactions, and/or manipulation of accounts.&nbsp;</li></ul><h3 style="line-height:1.38;text-align: justify">Inconsistent Numbers in FY21 &amp; FY22 Filings</h3>​ Profit After Tax (PAT) figures changed significantly:<ul><li>FY21 Filings (original): ₹ -27.4 Cr (reported loss)</li><li>FY22 Filings (restated FY21 loss): ₹ -70.0 Cr</li></ul> A restatement of financials is not uncommon, but it usually comes with a clear explanation—which was missing in this case. Possible reasons for such an adjustment could include:<ul><li>Recognition of previously unaccounted losses</li><li>Revenue or cost misstatements in prior filings</li><li>Deliberate efforts to manipulate financial perception</li></ul>Without an explanation, it raises concerns about financial integrity and whether past numbers were falsified. <h3 style="line-height:1.38;text-align: justify">Overstatement of Revenue &amp; Possible Fund Diversion</h3>​ According to a forensic investigation by EY, around 60 centres (out of 1000) are believed to have violated the cost accounting norms to: <ul><li>Inflated revenues, apparently, by posting fictitious sales or premature revenue recognition.</li><li>Divert funds – Indicating that the reported profit might have been inflated while the real cash flow was diverted somewhere else.</li></ul> The implications: <ul><li>It could be a case of so-called "round-tripping" trans-actions-moving cash around in circles to inflate revenue.</li><li>It suggests fraudulent revenue recognition practices to obtain investor funding or conceal ongoing losses from stakeholders.</li></ul>

Impact on Finances and Workforce The exposure of financial misconduct led to immediate and severe consequences: <ul><li style="font-size:15px;color:#000000;background-color:transparent">Mass Layoffs: 70% of employees (around 1,050 people) were fired.</li><li style="font-size:15px;color:#000000;background-color:transparent">Investor Pullout: Sequoia Capital and other backers stop further funding, causing a major liquidity crisis.</li><li style="font-size:15px;color:#000000;background-color:transparent">Debt and Liabilities: The company faced outstanding debts exceeding $20 million, leading to severe cash flow issues. </li></ul>Investors and Regulatory Reactions&nbsp; <ul><li style="font-size: 15px;color: rgb(0, 0, 0);background-color: transparent">Sequoia Capital’s Response: The firm distanced itself from GoMechanic due to lack of transparency and governance failures. </li><li style="font-size:15px;color:#000000;background-color:transparent">Regulatory Scrutiny: India’s Enforcement Directorate (ED) and Securities and Exchange Board of India (SEBI) initiated probes into possible financial misconduct and investor fraud.</li></ul> Aftermath GoMechanic faces a huge liquidity crunch and increasing outstanding debt. As a result, Gomechanic approached car-selling marketplaces such as Cars 24 and Spinny among others for potential sales. Despite these efforts, they don’t find any immediate buyer which leads to a crisis. The lack of timely intervention from the founders, venture capitalists, or early investors further exacerbated the situation. This situation raises critical questions: Could the founders have taken proactive measures to prevent financial mismanagement? Could venture capital firms have been more rigorous in the financial vetting of young startups? Lessons learned emphasize the need for vigilance, financial discipline, and transparency in fast-growing startups.&nbsp; Conclusion&nbsp; Both <a href="https://www.planify.in/investors/">investors and business owners</a> can take a lesson from the GoMechanic financial scams. The business is struggling to rise back in 2024-dipping into rumors of potential mergers and restructuring under fresh management. The case serves to highlight how critical robust audits, financial transparency, and ethical business conduct are to long-term profitability.&nbsp;

The Indian startup ecosystem was surprised by the revelation of financial irregularities in one of the recent EV startups recognized as GoMechanic, a well-known automobile servicing platform.

GoMechanic Financial Fraud: A Cautionary Tale for Startups

﻿BigBasket, India's pioneering online grocery platform, is preparing for its highly awaited IPO planned to launch within the subsequent 18 to 24 months. As a part of the <a href="https://www.planify.in/article/top-upcoming-tata-group-ipos-in-2025-to-watch-for-investment-growth/">Tata Group's strategic expansion</a> into online digital commerce, BigBasket has transformed from a conventional online grocer into a completely developed and full-fledged quick commerce player. This transition comes amid an industry-wide race in which platforms like Swiggy’s Instamart and Zomato-backed Blinkit are redefining the e-commerce landscape with extremely-rapid quick time deliveries. As investors and analysts display the upcoming BigBasket IPO, the platform’s strategic enlargement or expansion plans and financial performance are crucial in figuring out its marketplace outlook and, subsequently, the <a href="https://www.planify.in/research-report/bigbasket/">BigBasket share price</a> post-listing. Beyond Groceries: BigBasket’s Expanding Product Portfolio Recognizing the evolving needs of Indian customers, BigBasket has considerably diversified its offerings into an inclusive diversified product chain beyond important essential groceries. The platform now caters to an extensive variety of categories, along with electronics, lifestyle merchandise, domestic essentials, or even high-value gadgets like smartphones.&nbsp; The company’s quick commerce vertical, BigBasket Now, has performed a key function in this expansion, proving its ability to deal with excessive-high value and high-demand products for items with significant and remarkable performance. A prominent recent milestone was achieved during the&nbsp; time when BigBasket Now unveiled its explicit shipping service, effectively delivering an iPhone in under 10 mins—demonstrating its logistical prowess and capacity to address excessive high-demand products successfully and efficiently. The numbers speak volumes about its developing dominance. In 2024, BigBasket Now introduced: <ul><li>Recently providing 1.5 crore tender coconuts and forty million apples, reinforcing its position as a desired grocery provider. </li></ul><ul><li>The recent development includes 375,000 notebooks, 350,000 bins that are containers, and 454,417 brooms, reflecting the shift toward assembly and satisfying household and lifestyle needs.</li></ul><ul><li>The major developments bring 295,000 batteries and 90,000 litres of moisturizers, showing growing demand ahead of food necessities and demonstrating its evolution into a one-shop retail platform. </li></ul>Having this competition from Blinkit, Zepto, and Swiggy Instamart, BigBasket is leveraging its vast patron of customer base and strong delivery supply chain to differentiate itself in India’s hyper-competitive e-commerce panorama. Strategic Expansion and Diversification​Under the leadership of CEO Hari Menon, BigBasket is on a formidable trajectory to double its enterprise business by March 2026. The company has broadened plans in its expansion list to make its footprint bigger from 35 to approximately 70 Indian cities in the subsequent 12 months. This expansion is not limited to geographical reach; BigBasket is likewise diversifying its product range to encompass electronics, pharmaceuticals, drugs, and fashion lifestyle gadgets, thereby enhancing its attraction to a broader consumer base.​BigBasket IPO: Financial Performance Let’s have a look at BigBasket's financial overall performance over the past three years that has&nbsp; reflected consistent sales and revenue growth but alongside presented fluctuating profitability however it is on its elevated&nbsp; IPO path. The business enterprise’s revenue increased from ₹8,561 crore in FY22 to ₹9,499 crore in FY23, marking an 11% upward thrust. In FY24, revenue similarly grew to ₹10,099 crore, showing continued business enterprise expansion. Despite sales increase, BigBasket has been running at a loss over the years. The company represented a continuously significant net loss (PAT) of ₹1,040 crore in FY22, which widened to ₹1,785 crore in FY23. However that has gradually covered up, in FY24, losses decreased barely to ₹1,451 crore, indicating feasible cost optimizations or progressing operational efficiencies. ​<div class="se-component se-image-container __se__float-justify"><figure style="width: 892px;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdXnwNyyYEPnKH9YJCRyZol9sWbxzy7pqEYtSEc1ivUpxHotJxqPuPA-KEVb2b3xJ0xy0b_hvCXHN6yVg5ywQyDI2dB2Wn9nlRYh4pNJJUmtu1uMezLFZfYmxi0s0Yfzz2jMFcN?key=AZ2dZovaHbLxroq9HTfc2Q" alt="" data-proportion="true" data-size="892px,486px" data-align="justify" data-file-name="AD_4nXdXnwNyyYEPnKH9YJCRyZol9sWbxzy7pqEYtSEc1ivUpxHotJxqPuPA-KEVb2b3xJ0xy0b_hvCXHN6yVg5ywQyDI2dB2Wn9nlRYh4pNJJUmtu1uMezLFZfYmxi0s0Yfzz2jMFcN?key=AZ2dZovaHbLxroq9HTfc2Q" data-file-size="0" origin-size="892,486" data-origin="892px,486px" style="margin-left: 0px; margin-top: 0px; width: 892px; height: 486px;"></figure></div>​Positioning in the Quick Commerce Landscape The quick commerce sector in India is experiencing widespread increase, with clients an increasing number of searching for fast shipping options. BigBasket's strategic projects are geared toward capturing a widespread and substantial share of this marketplace with the aid of leveraging its installed and well established infrastructure and brand popularity. This expansion strategy is seen as a pre-IPO dynamic move, aimed at boosting revenue sales and strengthening its valuation before its listing to mainboard. Investors may be keenly looking at Tata BigBasket share price today in the unlisted marketplace, because it gives an early indicator of demand ahead of the market debut. At present, BigBasket shares are traded at &nbsp;₹22,000 per share in the pre-IPO market. Sustainable Growth: Empowering Farmers and Driving Organic Adoption BigBasket’s achievement isn't always completely pushed by using speed but also through its dedication to sustainability. The platform collaborates with over 30,000 farmers, making sure a regular supply of fresh produce even as assisting local agricultural groups. This initiative has strengthened client trust, confidence and driven an upward trend in organic product adoption. Currently, 25% of BigBasket’s clients choose natural merchandise, contributing to a 20% month-to-month boom within the natural organic class. The growing demand for natural and environmentally pleasant merchandise indicators a shift in Indian customer possibilities. This dedication to sustainability is predicted to enhance investor confidence in the imminent BigBasket IPO, as ESG (Environmental, Social, and Governance) factors play a growing function in funding selections. Conclusion BigBasket IPO will be a significant event for investors, customers, and competitors alike. Along with aggressive competitive expansion, sturdy Tata Group backing, and diversification beyond groceries, the company is positioning itself as a powerful participant in India’s evolving retail landscape. By leveraging its strong delivery supply chain, diversified offerings, and deep penetration into Indian families, the platform is well-positioned to capitalize on the developing demand for online retail. As quick commerce continues to reshape online purchasing conduct and options, BigBasket’s capacity to stability, variety, and operational efficiency will decide its long-term success. Investors monitoring BigBasket share price and the approaching BigBasket IPO have to watch how the platform navigates its enlargement, marketplace share battles for the outlook, and profitability metrics within the coming months.

﻿BigBasket, India's pioneering online grocery platform, is preparing for its highly awaited IPO planned to launch within the subsequent 18 to 24 months.

From Cart to Market: BigBasket Plans IPO as Quick Commerce Soars

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