The upcoming Bajaj Housing Finance IPO is generating significant buzz in the investment community, and for good reason. Scheduled to open for subscription on September 9, 2024, this IPO is poised to be one of the most anticipated events in the financial markets this year. Here’s a detailed look at why this IPO is a must-watch for investors.

Why Bajaj Housing Finance IPO is a Must-Watch for Investors in September 2024

Kross Limited, a prominent player in the manufacturing sector, is set to release its Initial Public Offering (IPO). The Kross Limited IPO date is set to be on September 9, 2024.

Kross IPO: Breaking Down the Company’s Financial Performance

Have you heard that the online food delivery industry in India has seen development in recent years? There is a prediction that the market will reach a substantial $43.78 billion through 2024, propelled by using an estimated compound annual increase charge (CAGR) of 15.98% from 2024 to 2029. It is estimated that the market will grow to a vast $91.88 billion through 2029. Amidst this flourishing quarter, Swiggy, a leading competitor, is generating huge buzz, extensively with its upcoming Swiggy IPO and the recent recognition of its unlisted shares.

Swiggy Unlisted Shares: Why Investors Are Buzzing Ahead of the $15 Billion IPO

Baazar Style Retail has become a strong contender in India's retail sector with 162 stores spread across over 1.47 million square feet located in 146 cities. The majority of its stores are operated under the brand name 'Style Bazaar', focusing on the value segment and serving price-conscious customers in Tier II and III cities. This <a href="https://www.planify.in/buy-pre-ipo/">IPO,</a>&nbsp;supported by popular investor Rekha Jhunjhunwala, is poised to be a major development in the Indian retail industry. The&nbsp;<a href="https://www.chittorgarh.com/ipo/baazar-style-retail-ipo/1825/">Baazar Style Retail IPO,</a> which involves both a fresh issue and an offer for sale, is a viable option for investors interested in a company with a solid regional footprint and promising growth prospects. Company Overview Baazar Style Retail is a prominent retail player, primarily operating in Odisha and West Bengal, with a footprint across 9 states. The company offers a wide range of apparel for men, women, and children and general merchandise like non-apparel and home furnishing products. They focus on providing a family-oriented shopping experience, with stylish products at affordable prices. This strategy has helped them establish a strong presence in the regions they serve. Baazar Style Retail IPO Details and Financials Baazar Style Retail's IPO is a book-built issue valued at ₹834.68 crores. The offering is divided into two segments: a fresh issue of shares worth ₹148.00 crores and an offer for sale (OFS) of shares totaling ₹686.68 crores. The fresh issue aims to raise capital for specific corporate purposes, including the repayment of existing debts and general corporate uses, implying the company’s focus on reducing its debt burden, which could improve its financial health in the long term. The OFS provides an exit route for existing shareholders, particularly early investors and promoters. The Baazar Style IPO is priced within a band of ₹370 to ₹389 per share, with a minimum application lot size of 38 shares. For retail investors, the minimum investment required is ₹14,782. Higher investment brackets are available for non-institutional investors (NIIs) and high net-worth individuals (HNIs), with the maximum investment for large HNIs reaching over ₹1 million. In a significant pre-IPO development, Baazar Style Retail secured ₹37 crores from Volrado Ventures Partners Fund II, reducing the initial public offering size from ₹185 crores to ₹148 crores. This move signifies an indication of strong investor confidence and provides a positive signal to the market. Financial Performance For FY24, Baazar Style Retail reported consolidated revenue of ₹982 crores and a profit after tax of ₹21 crores. The company's financial performance reflects its ability to generate steady revenue growth, though profit margins have been under pressure due to expansion costs and supply chain challenges.(Source: DRHP) <div style="margin-left:0pt"><table><tbody><tr><td>Financials (in ₹ Crore)</td><td>FY22</td><td>FY23</td><td>FY24</td></tr><tr><td>Revenue</td><td>551</td><td>788</td><td>982</td></tr><tr><td>PAT</td><td>(8)</td><td>5</td><td>21</td></tr><tr><td>Assets</td><td>7,541</td><td>8,671</td><td>9.684</td></tr><tr><td>Total Borrowings</td><td>170</td><td>181</td><td>178</td></tr><tr><td>EPS</td><td>(1.31)</td><td>0.76</td><td>2.94</td></tr></tbody></table></div> Baazar Style Retail IPO Key Dates: Timeline Subscription Open Date: August 30, 2024 Subscription End Date: September 3, 2024 Allotment Finalization: September 4, 2024 Listing Date:&nbsp; September 6, 2024 Peer Comparison and Market Valuation Baazar Style Retail’s listed peers, such as V-Mart Retail Ltd. and V2 Retail Ltd., trade at high P/E ratios, reflecting strong market interest in the value retail segment. The grey market premium (GMP) for the Bazaar Style IPO suggests an estimated listing price of ₹520 per share, a 33.68% increase over the upper end of the price band. This indicates strong investor demand and potential upside post-listing, with an estimated listing price significantly higher than the issue price. Risks and Concerns Investors should be aware of several risks associated with Baazar Style Retail's business model and the IPO.&nbsp;<ul><li style="font-size:16px;color:#000000;background-color:transparent">Geographic Concentration Risk: The company's reliance on specific geographic regions (primarily Odisha and West Bengal) implying any adverse developments in these areas could significantly impact operations.&nbsp; </li><li style="font-size:16px;color:#000000;background-color:transparent">Consumer Preference Shifts: Additionally, shifts in consumer preferences or failure to successfully implement its e-commerce strategy may pose challenges to the company’s growth prospects. Additionally, competition in the retail sector is intensifying, among domestic and international players vying for market share. </li><li style="font-size:16px;color:#000000;background-color:transparent">Inconsistent Profitability: Despite the increase in revenue, the company's profitability has been volatile. After facing a net loss of ₹8 crore in FY22, Baazar Style Retail posted a modest profit of ₹5 crore in FY23. The low profitability and high valuation (with a PE ratio significantly higher than industry averages) are points of concern for some analysts. </li><li style="font-size:16px;color:#000000;background-color:transparent">Debt Repayment: The IPO proceeds are partially earmarked for debt repayment, which highlights the company's need to manage its financial liabilities better. This could be a risk factor for investors considering long-term gains. </li><li style="font-size:16px;color:#000000;background-color:transparent">Overvaluation Concerns: The IPO is seen as overpriced based on FY24 earnings, making it a risky investment. Additionally, a peer comparison reveals that while Baazar Style Retail has a P/E ratio of 125.54x, its peers like V2 Retail Ltd. have a slightly higher ratio of 138.88x, indicating a potentially overvalued offering.</li></ul> Conclusion The Baazar Style Retail IPO offers an intriguing opportunity for investors, particularly given its strong regional presence and recent financial improvements, investors should weigh these factors against its profitability challenges and high valuation. This IPO might appeal to those with a higher risk appetite who believe in the company's long-term strategy.&nbsp;

Baazar Style Retail has become a strong contender in India's retail sector with 162 stores spread across over 1.47 million square feet located in 146 cities.

Baazar Style Retail IPO Details: What You Need to Know Before It Hits the Market

﻿The upcoming <a target="_blank" href="https://www.planify.in/markets/">Premier Energies IPO</a>&nbsp;is producing sizeable excitement among investors looking to tap into the rapidly increasing renewable energy sector. As India's main solar cell and module producers, Premier Energies is properly-positioned to capitalize on the growing demand for sustainable energy solutions. With a strong market presence, superior manufacturing capabilities, and a robust client portfolio, the <a href="https://www.chittorgarh.com/ipo/premier-energies-ipo/1818/">Premier Energies IPO</a> gives opportunity for investors. ﻿ As the Premier Energies share price is predicted to reflect the company's robust fundamentals and growth potential, this IPO might be a significant opportunity for the ones seeking to invest in the solar energy market. Company Overview​Premier Energies is an integrated solar cell and solar module manufacturing organisation with over 29 years of experience. it has set up itself as a leader in sustainable energy solutions. Backed with the aid of GEF Capital, a Washington DC-based Private Equity Investor, Premier Energies specializes in crafting excessive-tech photovoltaic products and innovative solutions. ﻿﻿The company offers high-efficiency solar cells and modules in its product portfolio, which can be key factors in generating solar power. These products can be applied not&nbsp; in large-scale solar power plants but additionally in residential and business rooftop installations, showcasing the corporation's flexibility and market reach. Solar Cells: Premier Energies produces each monocrystalline and polycrystalline solar cells. Their monocrystalline PERC (Passivated Emitter Rear Contact) cells acquire fantastic conversion efficiencies of up to 23.7%. ﻿Solar Modules: The organization's solar modules, ranging from 108 to a 144 sun cells, offer efficiencies of as much as 22%. These modules are designed for fulfilling performance and durability. State-of-the-Art Facilities: Premier Energies operates a totally automated mono PERC manufacturing line and a modern-day module line capable of coping with half-cut cells and bifacial modules. Their annual capacity includes 2 GW of cells and 3 GW of modules. IPO Details and Strategic Goals Premier Energies Limited plans to raise up to ₹1,291 crore through a combination of a fresh issue of equity shares and an offer for sale by existing shareholders will offload up to 3.42 crore shares amounting to ₹1,539.00 crores, including South Asia Growth Fund II Holdings LLC and South Asia EBT Trust. The price band for the IPO is set between ₹427 and ₹450 per share.&nbsp; The proceeds from the IPO will primarily be invested in establishing a 4 GW Solar PV TOPCon Cell and 4 GW Solar PV TOPCon Module manufacturing facility in Hyderabad, Telangana. This expansion is expected to significantly enhance the company’s production capacity and technological capabilities, positioning it to capture a larger share of the rapidly growing solar energy market.&nbsp; Company Strengths Premier Energies boasts 2 GW of annual installed capacity for cell manufacturing and 4.13 GW for module manufacturing. It holds the distinction of being India's largest exporter of solar cells to the US. The company operates through multiple subsidiaries in India and overseas. Premier Energies serves an impressive list of clients, including industry giants like NTPC, TATA Power Solar, Panasonic Life Solutions, and Luminous. This diverse and high-profile clientele indicates a strong demand for Premier Energies' products and underlines the company’s reliability in the market. Sustainability is at the core of Premier Energies' mission. The company is dedicated to providing energy-efficient and environmentally friendly products that contribute to a cleaner, greener future. Premier Energies’ 2 MW solar power plant, commissioned in 2012 under the Jawaharlal Nehru National Solar Mission, exemplifies its long-standing commitment to renewable energy. Financial Performance​Revenue from operations grew at a CAGR of 42.71% from FY21 to FY23. In FY24, Premier Energies reported a revenue of ₹3,171 crore and a profit of ₹231 crore, a significant improvement from the previous year's loss.&nbsp; <div style="margin-left:0pt"><table><tbody><tr><td>&nbsp; Financials (In ₹Crores)</td><td>FY23</td><td>FY24</td></tr><tr><td>Revenue</td><td>1463 </td><td>3171 </td></tr><tr><td>Expense</td><td>₹1472 </td><td>₹2883&nbsp; </td></tr><tr><td>PAT</td><td>(13.34) </td><td>₹231&nbsp; </td></tr><tr><td>Assets</td><td>₹2,110 </td><td>₹3,554 </td></tr></tbody></table></div> Risks and Weaknesses Dependence on Government Policies:﻿﻿ Similar to numerous other renewable electricity companies, Premier Energies' average achievement is essentially impacted by the authorities' guidelines and incentives related to solar strength. Negative changes to the ones regulations should have an effect on the business enterprise's capacity for boom. Capital-Intensive Business: The solar production industry calls for large capital funding for non-stop technological upgrades and capacity expansions. While Premier Energies is nicely-capitalized, ongoing capital prices ought to strain monetary assets, mainly if market situations fluctuate. Exposure to Raw Material Price Volatility: The price of raw materials, specially silicon, can be distinctly volatile, affecting production prices and earnings margins. Fluctuations in those prices could impact the company’s financial performance. Conclusion The Premier Energies Limited IPO offers investors a unique opportunity to participate in India’s renewable energy boom. With a strong track record, innovative products, and ambitious expansion plans, Premier Energies is set to play a pivotal role in the global transition to clean energy. For investors looking to tap into the growing solar energy market, this IPO represents a promising avenue for growth and profitability. However, investors should also be mindful of the risks associated with the industry, including fluctuating raw material costs and market competition. Overall, the Premier Energies IPO presents a compelling case for those looking to invest in a leader within the rapidly evolving renewable energy landscape.​&nbsp;

The upcoming Premier Energies IPO is generating sizeable excitement among investors looking to tap into the rapidly increasing renewable energy sector. As India's main solar cell and module producers, Premier Energies is properly-positioned to capitalize on the growing demand for sustainable energy solutions. With a strong market presence, superior manufacturing capabilities, and a robust client portfolio, the Premier Energies IPO gives opportunity for investors. ﻿

Unlocking Opportunities: A Deep Dive into the Premier Energies Limited IPO

In 2024, the startup fundraising is experiencing major changes due to emerging market trends. The startup landscape is adjusting to changing circumstances, influenced by economic changes, investor demands, and technological progress. This article explores the main market trends influencing startup funding in the present year and provides advice on how founders can adapt to these shifts to obtain the necessary funds for business growth. Indian Startup Funding: H1 2024 Stability and Emerging Growth Trends. Despite a hard backdrop of consecutive declines in funding in view of H1 2022, the first half of 2024 has shown signs of stabilization and an upward trend in the Indian startup ecosystem. India has maintained its robust performance as the fourth-maximum funded country globally, with startups raising investments worth $5.3 billion in H1 2024, a mild 1.8% decrease from the $5.4 billion raised in H1 2023. <div class="se-component se-image-container __se__float-justify"><figure style="width: 976px;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXePzMWHq4QHEd6R9nBWZ3QVqb8zKhibWI-CRN433h2JXIfYlXg4HxcdXv_Jw34S_j70PB6ctkwpJA2ETApYK-HV7vndvbvENjDgFZ3Cm19tgmb5VRUPAZ04fPpJ8FFjaKtthJ6BBqFryiIldeO1pKwOWD16?key=6W2iyUQG48kVui_YjEZ4dQ" alt="" data-proportion="true" data-size="976px,502px" data-align="justify" data-file-name="AD_4nXePzMWHq4QHEd6R9nBWZ3QVqb8zKhibWI-CRN433h2JXIfYlXg4HxcdXv_Jw34S_j70PB6ctkwpJA2ETApYK-HV7vndvbvENjDgFZ3Cm19tgmb5VRUPAZ04fPpJ8FFjaKtthJ6BBqFryiIldeO1pKwOWD16?key=6W2iyUQG48kVui_YjEZ4dQ" data-file-size="0" origin-size="976,502" data-origin="976px,502px" style="margin-left: 0px; margin-top: 0px; width: 976px; height: 502px;"></figure></div> Stagewise Outlook (H1 2024) <div style="margin-left:0pt"><table><tbody><tr><td>Stage</td><td>Funding Amount ($ Mn)</td><td>Top Sector</td></tr><tr><td>Seed Stage</td><td>$589 Mn</td><td>Enterprisetech</td></tr><tr><td>Growth Stage</td><td>$1.7 Bn</td><td>Ecommerce</td></tr><tr><td>Late Stage&nbsp;</td><td>$2.7 Bn</td><td>Fintech</td></tr></tbody></table>​</div> ﻿Different trends were seen in the funding landscape across various stages in the first half of 2024. AI's emergence has greatly increased investment in early-stage startups in India, raising it by 23% year-on-year to $589 million in H1 2024 across 229 deals.&nbsp; There is also a rise in startup funding platforms and funding for growth-stage startups to $1.7 billion, a growth of 21%. through 135 deals. The late-stage startups&nbsp; had challenges obtaining merely $2.7 billion, down by 18% YoY. However, the number of deals targeted at late-stage startups increased by 47% YoY and reached 72 in H1 2024. Let’s delve into the trends that shapes the startup fundraising: Deep Tech Takes Center Stage: In 2024, investments are more and more directed towards deep tech startups—the pioneers of current technological innovation. These startups like AI, blockchain, and other advanced technology to create transformative solutions. Biotech Startups Trend: Advances in biotechnology, personalized medicine, and health technology are attracting substantial funding. Biotech startups are addressing critical health tech issues and revolutionizing healthcare. Rise of New Markets and Investment Models: Investors are exploring rising markets beyond traditional tech hubs. Additionally, other investment models like revenue-based&nbsp; financing&nbsp; gain traction. Increased Scrutiny of Startups: Investors have become more&nbsp; discerning. Due diligence is thorough, focusing on metrics, team excellence, and market fit. Startups need to illustrate sustainable growth and clear value propositions. Startup Valuation Trend: Valuations are dynamic. While there are many funding for startups with lofty multiples, there are others that aim to be efficient and generate reasonable profits. It is important for investors to balance the level of risk and potential returns in a certain investment. Increased Focus on Profitability Over Growth: The days of prioritizing rapid growth at the expense of profitability are waning. In 2024, investors are placing greater emphasis on sustainable growth and profitability. The economic uncertainties of recent years have made investors more cautious, leading to a preference for startups with clear paths to profitability.&nbsp; Things to keep in mind for startup Fundraising:&nbsp; Emphasize solid business foundations. For both startups and Pre-IPO companies, a solid business model, presentation deck, valuations, equity restructuring, and financial reports are crucial. Proper documentation of equity restructuring is important in order to draw in potential investors. With proper preparation, both new businesses and pre-IPO companies can quickly secure funding. By establishing a strong business model and collaborating with the appropriate investment partners, organizations can expedite their path to growth and discover fresh possibilities. Fundraising involves more than just acquiring funds; it also involves establishing connections,&nbsp; showing determination, and preparing your company for lasting prosperity. It is crucial for the success of entrepreneurs as they navigate the fundraising terrain and discover the countless opportunities that exist off the conventional path. Conclusion The startup fundraising landscape in 2024 is being reshaped by several key market trends. Startups that can align with these trends—by focusing on sustainability, leveraging AI, demonstrating profitability, exploring alternative funding options, and tapping into emerging markets—are better positioned to secure the capital they need. As the market continues to evolve, staying attuned to these trends and adapting accordingly will be crucial for startups looking to succeed in a competitive fundraising environment.

In 2024, the startup fundraising is experiencing major changes due to emerging market trends. The startup landscape is adjusting to changing circumstances, influenced by economic changes, investor demands, and technological progress.

How Market Trends Are Shaping Startup Fundraising in 2024

<a href="https://www.orientindia.in/">Orient Technologies</a>, a leading figure in the IT solutions industry, has been attracting interest with its upcoming IPO. The firm, known for its diverse IT offerings like IT Infrastructure and cloud services, is prepared to attract significant investor interest. The orient technologies IPO will start&nbsp; subscription from 21st and will end by 23rd August 2024, comprising an Offer for Sale (OFS) and a Fresh Issue. Investors have the opportunity to engage in Orient Technologies' growth through trading its shares on both BSE and NSE. Company Overview&nbsp; ﻿Orient Technologies, founded in 1997, has a robust popularity for its technologically advanced solutions. The company collaborates with technology partners to design revolutionary products tailored to client needs such as, IT Infrastructure that offers information Centre Solutions (DCS), End-User Computing (EUC), and Hyper-Converged Infrastructure (HCI).&nbsp; IT Enabled Services (ITeS): Includes Managed Services, Multi-Vendor Support, IT Facility Management, and Cloud and Data Management Services that covers IaaS, PaaS, SaaS, and specialized services. Notably, the ITeS segment grew at a CAGR of 29.51% between FY22 and FY24, even as cloud and data management revenue grew by a CAGR of 62.92% throughout the same period. Orient Technologies has cast strategic alliances with a number of the world’s main technology companies, which includes Dell, Fortinet, and Nutanix. Orient Technologies IPO Details&nbsp; ﻿The public issue includes Offer for Sale (OFS) of 46,00,000 Equity Shares and a Fresh Issue aggregating to INR 120 crore. Retail investors will be allotted 35% of the total shares, QIBs can get up to 50% of the offer, and non-institutional investors (NIIs) are allocated at least 15% and hence, individual investors could be major contributors.&nbsp; Utilization of IPO Proceeds The proceeds from Orient Technologies' IPO will support a range of crucial initiatives. The company plans to use some of the funds for meeting the vital capital expenditure requirements aimed at enhancing its operational capabilities. Additionally, Orient Technologies intends to acquire workspace in Navi Mumbai to reinforce its presence in a key business hub.&nbsp; The remaining funds will be allocated towards the company's general requirements, providing the company with the financial flexibility to pursue opportunities for expansion and manage operational costs effectively. Strengths:&nbsp; <ol><li style="font-size:16px;color:#000000;background-color:transparent">&nbsp; Financial Performance&nbsp; </li></ol>The company has recorded steady performance in the last 2 years with a revenue CGAR of ~14% between FY22 and FY24. For the last three fiscals (FY22-FY24), the company has posted an average EPS of Rs. 11.14 and an average RoNW of 27.66% <div style="margin-left:0pt"><table><tbody><tr><td>Financials (in ₹ Crore)​ </td><td>FY22</td><td>FY23</td><td>FY24</td></tr><tr><td>Revenue</td><td>469</td><td>542</td><td>606</td></tr><tr><td>PAT</td><td>33</td><td>38</td><td>41</td></tr><tr><td>Profit Margins (%)</td><td>7</td><td>7</td><td>6</td></tr><tr><td>Borrowings</td><td>2</td><td>13</td><td>5</td></tr><tr><td>Assets</td><td>176</td><td>215</td><td>311</td></tr></tbody></table></div>​ There are other valuation indicators which offer additional insight on the Orient Technologies financials to making sound investment decisions based on the following; <div style="margin-left:0pt"><table><tbody><tr><td>Key Metrics&nbsp;</td><td>FY22</td><td>FY23</td><td>FY24</td></tr><tr><td>ROE (%)</td><td>43</td><td>34</td><td>27</td></tr><tr><td>ROCE (%)</td><td>45</td><td>31</td><td>28</td></tr><tr><td>EBITDA Margin(%)</td><td>9</td><td>9</td><td>9</td></tr><tr><td>Debt/Equity</td><td>0.02</td><td>0.10</td><td>0.03</td></tr></tbody></table></div> B)&nbsp; Order book value: It had orders on hand worth Rs. 101+ cr. as of June 30, 2024. C)&nbsp;&nbsp;Dividends: The company has paid dividends of 2.23% (FY22), 22.86% (FY23), and 17.14% (FY24) It has already adopted a dividend policy in October 2023, based on its financial performance and future prospects. Key Players in the IPO Elara Capital (India) has been appointed as the sole book-running lead manager for the IPO, ensuring that the offering is managed with the highest degree of professionalism and understanding. Link Intime India has been designated as the registrar of the offer. Market Position and Future Prospects Orient Technologies has built a stable market presence through forming strategic partnerships and emphasizing innovation. The organization's robust financial overall performance and persevered growth in a competitive market make it an appealing investment opportunity. The company is operating in a highly competitive and fragmented segment of IT solutions and related services providing. The funds accumulated from the IPO will play an important function in advancing Orient's upcoming growth stage, as it continues increasing its range of products and enhancing its market presence. Conclusion The Orient Technologies IPO gives a promising <a href="https://www.planify.in/buy-pre-ipo/">investment opportunity</a>, mainly for investors looking to the rapidly growing IT services sector. The company's stable financial overall performance, collaborations with global tech giants, and targeted increase techniques have placed it properly for future expansion. The funds from the IPO can be utilized for critical needs together with obtaining sparkling office places and backing capital expenditure, showcasing the company's commitment to improving its operational capabilities. ﻿However, prior to making a decision, potential investors must thoroughly evaluate the company's financial metrics, market position, and overall financial performance as they would with any investment. Even though the IPO shows great potential for investment due to its steady revenue growth and partnerships, it is important to consider this in relation to overall market trends and personal risk tolerance. In general, investing in the Orient Technologies IPO could enhance a diversified investment portfolio, but it is important to do thorough research or seek advice from a financial advisor to match your investment objectives.&nbsp;

Orient Technologies, a leading figure in the IT solutions industry, has been attracting interest with its upcoming IPO. The firm, known for its diverse IT offerings like IT Infrastructure and cloud services, is prepared to attract significant investor interest.

Orient Technologies IPO: A Deep Dive into Financials and Market Position

Planify is excited to announce a series of new features and updates designed to enhance the investment journey for our users, including investors, founders, channel partners, and sourcing partners. These updates aim to provide a seamless and more intuitive experience, ensuring that every stakeholder can navigate the platform with ease and efficiency. 1.&nbsp; &nbsp;New Login Sign-Up - Web/Mweb Release Date:&nbsp;27th July 2024​Version:&nbsp;1.1 Platform:&nbsp;Website and Mobile Web Impact External Stakeholders:&nbsp;All users Description Purpose:&nbsp;The new login and sign-up feature is designed to enhance the user experience by simplifying the process of signing up or logging in. The improved interface is more intuitive, making it easier and faster for users to access their accounts and get started on the platform. <h3>2.&nbsp; Planify-Crawler Assigned to Screen</h3>​ Release Date:&nbsp;27th July 2024 Version:&nbsp;1.1 Platform:&nbsp;Website Impact External Stakeholders:&nbsp;Analysts, Administrators Description Purpose:&nbsp;This feature allows administrators to assign specific stocks to analysts, enabling them to manage news and updates related to their assigned stocks. This streamlined process helps in better organizing and distributing work among analysts. 3.&nbsp; Ratings Dashboard and Modal Release Date:&nbsp;27th July 2024 Version:&nbsp;1.1 Platform:&nbsp;Website Impact External Stakeholders:&nbsp;Platform Users Description Purpose:&nbsp;The Ratings Dashboard provides a comprehensive overview of the ratings received for the platform, allowing for detailed analysis and insights. The Ratings Modal prompts users to provide ratings and feedback on areas for improvement, helping the platform to enhance user satisfaction and experience. 4.&nbsp;&nbsp;&nbsp;Investor Risk Modal Release Date:&nbsp;20th July 2024 Version:&nbsp;1.1 Platform:&nbsp;Website Impact External Stakeholders:&nbsp;Investors Description Purpose:&nbsp;The Investor Risk Modal offers detailed information on the risks associated with investing in unlisted IPOs. It outlines various risks, including market, business, liquidity, and financial risks, providing investors with crucial insights to make informed decisions. 5.&nbsp; Sell Recommendation - Tradebook/Waitlist/Bidlist/Orderbook Filter/Assigned To​Release Date:&nbsp;13th July 2024 Version:&nbsp;1.1 Platform:&nbsp;Website Impact External Stakeholders:&nbsp;Investors, Analysts Description Purpose:&nbsp;This update introduces new tabs, including Tradebook, Waitlist, and Bidlist, to the Sell Recommendation section. Additionally, an Orderbook filter and an "Assigned To" column have been added, enhancing the functionality and organization of sell recommendations. <h3>6.&nbsp; Triggers - Signup, Sell Recommendation, Subscription Purchase Success</h3>​ Release Date:&nbsp;13th July 2024 Version:&nbsp;1.1 Platform:&nbsp;Website Impact External Stakeholders:&nbsp;Platform Users Description Purpose:&nbsp;Introduced triggers for various actions, including signup, sell recommendations, and subscription purchase success. These triggers can be sent to the relevant user groups, ensuring timely communication and engagement based on specific user actions and events. 7.&nbsp;&nbsp;Video Shorts Update​Release Date:&nbsp;13th July 2024 Version:&nbsp;1.1 Platform:&nbsp;Website Impact External Stakeholders:&nbsp;Investors Description Purpose:&nbsp;This update introduces a new feature where short videos about startups are now locked. Investors are required to subscribe before they can access and view these videos. This feature aims to enhance content exclusivity and encourage subscriptions. 8.&nbsp; &nbsp;Newsletter Check/Uncheck Release Date:&nbsp;13th July 2024 Version:&nbsp;1.1 Platform:&nbsp;Website Impact External Stakeholders:&nbsp;All Users Description Purpose:&nbsp;This feature introduces a check/uncheck option that allows admin to customize the content they want to send. This aims to provide a more personalized and relevant newsletter experience. 9.&nbsp; &nbsp;Masterclass Subscription Release Date:&nbsp;13th July 2024 Version:&nbsp;1.1 Platform:&nbsp;Mobile App Impact External Stakeholders:&nbsp;Users Description Purpose:&nbsp;This feature introduces a subscription requirement for enrolling in Masterclasses via the mobile app. Users must now purchase a subscription to access Masterclasses. 10.&nbsp; Research Report Generative AI​Release Date:&nbsp;6th July 2024 Version:&nbsp;1.1 Platform:&nbsp;Website Impact External Stakeholders:&nbsp;Users, SEO Specialists Description Purpose:&nbsp;This update incorporates content generated by generative AI, specifically using Google Bard, into research reports. The aim is to enhance the quality and relevance of the content, thereby improving the SEO and ranking of the website pages.

Planify is excited to announce a series of new features and updates designed to enhance the investment journey for our users, including investors, founders, channel partners, and sourcing partners. These updates aim to provide a seamless and more intuitive experience, ensuring that every stakeholder can navigate the platform with ease and efficiency.

What's New at Planify: July 2024

About the company: ​<a target="_blank" href="https://anandrathi.com/">Anand Rathi</a> Wealth Limited started as 'Hitkari Finvest Private Limited' on March 22, 1995. It then became 'AR Venture Funds Management Private Limited' on April 6, 2005, and later changed into a Public Limited Company named 'AR Venture Funds Management Limited' on March 8, 2007. Subsequently, it became a Private Limited Company again with the same name on July 7, 2015, then changed back to a Public Limited Company as 'AR Venture Funds Management Limited' on April 3, 2017. It was later named 'Anand Rathi Wealth Services Limited' on July 6, 2017, and finally renamed 'Anand Rathi Wealth Limited' on January 7, 2021. The company focuses on mutual fund distribution and the sale of financial products within the financial services industry. It caters specifically to High-Net-Worth Individuals (HNI) and Ultra High Net Worth Individuals (Ultra HNI) in India, offering various innovative financial products and <a target="_blank" href="https://www.planify.in/research-report/anand-rathi-wealth-management/">investment</a> solutions and also offers non-convertible, market-linked debentures (MLDs). Business Verticals: A) Private Wealth: The company caters to the HNI and Ultra HNI in this segment. In FY24, AUM stood at Rs. ~57,800 Cr vs Rs. ~37,900 Cr in FY23. It caters to 10,000+ active client families, serviced by a team of 332 RM's. 60% of its clients have been associated with it for over 3 years, representing 79% of the total AUM. Client attrition in FY24 was 1.0% vs 1.1% in FY23. Having an average of 30 clients per RM. B) Digital Wealth Segment: The company, through its subsidiary AR Digital Wealth, serves the mass affluent market segment using its 'Phygital' channel. As of FY24, this vertical has an AUM of ~ Rs. 1,500 Cr compared to Rs. 1,000 Cr in FY23. It has 422 client engagement partners and around 4,800 clients. C) Omni Financial Advisor: Through a subsidiary, FFreedom Intermediary Infrastructure, the company has introduced the OFA vertical, tailored specifically for Mutual Fund Distributors. It caters to the retail segment through a B2B2C model. As of FY24, this segment comprises ~5,900 mutual fund distributors and handles assets of Rs. 1,32,908 Cr of ~20.6 lakh clients. Revenue Mix <div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfT5ul9q8zOD4BoimE3X5REV6ZD-cPnbncmwm9xj9CbY2GaIe3KLTwocLng0ZlOJ1EQJMosF-xN805w3ny3KzPDkR68QTg_jokwWWhs1yU5edTHK-g2IGKVXdXlx8_OxSs36u5RJ8kek3iEIAUB97EtebDwtLcqznbmfcokQw?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXfT5ul9q8zOD4BoimE3X5REV6ZD-cPnbncmwm9xj9CbY2GaIe3KLTwocLng0ZlOJ1EQJMosF-xN805w3ny3KzPDkR68QTg_jokwWWhs1yU5edTHK-g2IGKVXdXlx8_OxSs36u5RJ8kek3iEIAUB97EtebDwtLcqznbmfcokQw?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,436" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>

​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfKGLnnNstESgyfeAeCFlHkXnSVRJYEf1tkXZPlaGZgnPKVxfWl2kip4xFX3aPDb2vCondSK39YJ45tSX1lQR4hE1YA68Rth0sa1BBnfMocbQbioPzr-wcK4wvnRsV_oIGdjL-NO0VZql0eYXP_voeqHMJTwyFiEVkVKnDyDQ?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXfKGLnnNstESgyfeAeCFlHkXnSVRJYEf1tkXZPlaGZgnPKVxfWl2kip4xFX3aPDb2vCondSK39YJ45tSX1lQR4hE1YA68Rth0sa1BBnfMocbQbioPzr-wcK4wvnRsV_oIGdjL-NO0VZql0eYXP_voeqHMJTwyFiEVkVKnDyDQ?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="544,442" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ Key Points: The company has been ranked amongst the top 3 non-bank-sponsored mutual fund distributors in India by gross commission earned in FY23. The company has offices in 17 major Indian cities including Mumbai, Bengaluru, Delhi, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur, Noida, etc, and a representative office in Dubai. The company has identified an underserved segment within the HNI category- individuals with a net worth between Rs. 5 Cr and Rs. 50 Cr. In FY24, it had 1,559 net new family additions to its client base. Beyond traditional wealth management, the company offers comprehensive value-added services like estate planning, succession planning, and will creation to its customers. <div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXftyTVl51oQHLnFNcZ2rboLaNLeN8I66gTIFo0x8CwJ0FTH5Cvlv9cKhLiqiclOmx5UXMc7MoUE8WDax0jLQsNkGLqtd6QMQ_IrjQ-uv_7VQ0MQVpes3hrQFcNJRsbgR2fD4B9WXpLc2KA1AATyu0afebSA_FW7zwIWuDNAZg?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXftyTVl51oQHLnFNcZ2rboLaNLeN8I66gTIFo0x8CwJ0FTH5Cvlv9cKhLiqiclOmx5UXMc7MoUE8WDax0jLQsNkGLqtd6QMQ_IrjQ-uv_7VQ0MQVpes3hrQFcNJRsbgR2fD4B9WXpLc2KA1AATyu0afebSA_FW7zwIWuDNAZg?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,350" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>

Management Profiling: Anand Rathi (Founder &amp; Group Chairman): Mr. Anand Rathi is the founder and the driving force behind the Anand Rathi Group. He is a gold medalist-chartered accountant and a prominent financial and investment expert in India and the broader Southeast Asian region. Mr. Rathi had a successful career with the Aditya Birla Group, where he was a key member and played a significant role in developing the group's flagship cement business. In 1999, Mr. Rathi was appointed as the president of the BSE (Bombay Stock Exchange). He is a respected member of the ICAI with 53 years of experience across various sectors. Pradeep Gupta (Co-Founder &amp; Vice Chairman): Mr. Pradeep Gupta, the co-founder, is the driving force behind the well-established Anand Rathi organization throughout India. He originally started with a family-owned textile business and then ventured into the financial world with Navratan Capital &amp; Securities Pvt. Ltd. After expanding the business, Mr. Gupta teamed up with Mr. Anand Rathi to form the Anand Rathi Group. With over two decades of experience in the financial sector, he has played a key role in the success of the Institutional Broking and Investment Services arms. Additionally, he is an active member of the Rotary Club of Bombay. Rakesh Rawal (Chief Executive Officer): Rakesh Rawal joined AnandRathi Wealth Limited as the Chief Executive Officer in 2007. Leading the organization for over 17 years, he is one of the longest-standing CEOs in the wealth management industry. Rakesh has over four decades of experience in the consumer products, engineering, banking, and private wealth industry. He has previously worked with Hindustan Unilever and Deutsche Bank. He earned his bachelor's degree in Mechanical Engineering from the Indian Institute of Technology, Kanpur, and his Master's in Management Studies from Jamnalal Bajaj Institute of Management Studies. Financials: <div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfjhzZDpFhjxIQiwSVAmqvVZtHXUC7ZFRuixWhswAQy9A9rFyaqw1lansAr42Bs0nQ7MunIYr6xEWM9BL2HN7BD9f2w1WGKXKHgX9pq3hXr7ePZZGpS-ybhRh4_19YLSC6iZRXxuO0XQAUy8GEPn94uqDh9_8b5rEJ3zT9Yrg?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXfjhzZDpFhjxIQiwSVAmqvVZtHXUC7ZFRuixWhswAQy9A9rFyaqw1lansAr42Bs0nQ7MunIYr6xEWM9BL2HN7BD9f2w1WGKXKHgX9pq3hXr7ePZZGpS-ybhRh4_19YLSC6iZRXxuO0XQAUy8GEPn94uqDh9_8b5rEJ3zT9Yrg?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="1059,274" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd8aGSSSAcAVYtBtMzUVmcHwyrcA9knvooeZscqDBG3lFjjuKAnP40po-J4el66zyGXmufvYeUDkXTAHQ9TWKQE9OlKknAn_eAi9cJsYY_k2mDp-KSNiodz-z_OPlHWTaSRJlx7KEP-xGGV7AZbIe6ztp2UwZZSFsCSUF3pHg?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXd8aGSSSAcAVYtBtMzUVmcHwyrcA9knvooeZscqDBG3lFjjuKAnP40po-J4el66zyGXmufvYeUDkXTAHQ9TWKQE9OlKknAn_eAi9cJsYY_k2mDp-KSNiodz-z_OPlHWTaSRJlx7KEP-xGGV7AZbIe6ztp2UwZZSFsCSUF3pHg?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,347" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcpXujlZvpLZ3HoJfdkMP0qopZR7gr_UyPQ5JJUQ6NH_slDnZQq1zwFsxCeAnivwrtPTaTkTA_uyhkY4XNohu4mWopBKi8IdQzeDSe35RyNpezt8xXOFJMbKDu0oev2R2lWvqFq7VlPNpTHEIOlumGtiS4PvrMj9ssZZVRzHA?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXcpXujlZvpLZ3HoJfdkMP0qopZR7gr_UyPQ5JJUQ6NH_slDnZQq1zwFsxCeAnivwrtPTaTkTA_uyhkY4XNohu4mWopBKi8IdQzeDSe35RyNpezt8xXOFJMbKDu0oev2R2lWvqFq7VlPNpTHEIOlumGtiS4PvrMj9ssZZVRzHA?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,385" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​

The revenue of the company has grown at a CAGR of 22% in the past 5 years with an average growth rate of 25%, also the company’s revenue registered a growth of 35% to Rs 752 Cr in FY24. The PAT grew by 34% to Rs 226 Cr in FY24 maintaining an NPM of 30%. The company maintains its growth on four pillars: Penetration in the existing client families: The company identifies the massive potential for increasing its wallet share within the existing client base of 9,911 families. This indicates a strategic focus on deepening relationships with current clients by offering more comprehensive services and investment products​. Addition of New Clients: In FY24, the company added a net of 1,559 new families to its client base, demonstrating robust growth and a strong endorsement of its wealth management capabilities. Addition of New Relationship Managers: The company prioritizes expanding its team of Relationship Managers (RMs). In FY24, the company had 332 RMs and 394 Account Managers (AMs), with 122 AMs promoted to RMs over the last five years. The regret RM attrition rate is 0.64% for the year 2023-24, indicating a stable workforce and effective retention strategies. Returns on Investment: The company's private wealth division has consistently achieved positive results in financial planning and investment strategies, leading to a robust return on equity of 40% for FY24. KPIs:​ <div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfj8ecPZS0mWncwAJHpDDe5gRZF21gImvu2kO5LPEdX_Z3iPKkdqX9blORzmbSfuuexWQTfnJzKjIKdeg-CpsTmAgqrbgvUqFW3jitMqHUhKjVHDd7DgqmiXqFjOsP68vIfFfOy1UC_FnLcIYUN1U8bMC5Kkl5wvMbnSnz0-w?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXfj8ecPZS0mWncwAJHpDDe5gRZF21gImvu2kO5LPEdX_Z3iPKkdqX9blORzmbSfuuexWQTfnJzKjIKdeg-CpsTmAgqrbgvUqFW3jitMqHUhKjVHDd7DgqmiXqFjOsP68vIfFfOy1UC_FnLcIYUN1U8bMC5Kkl5wvMbnSnz0-w?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,427" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdQ_iGQtUnZ1oUW6ChsMGKrvnLv8qhh1vK5pLSKv7GCJqfdyyQOf6KNEusT1miGhV4JyKBpUKaq1ScSoZKTD633jrOPJfzpgDKd1R8gfvxJ-_0SoSkgFKSY9e1BFBgTjQxj5O2hhfXFWUQBNsjNKMf5GgH9FsF0sB3A34Wpgg?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXdQ_iGQtUnZ1oUW6ChsMGKrvnLv8qhh1vK5pLSKv7GCJqfdyyQOf6KNEusT1miGhV4JyKBpUKaq1ScSoZKTD633jrOPJfzpgDKd1R8gfvxJ-_0SoSkgFKSY9e1BFBgTjQxj5O2hhfXFWUQBNsjNKMf5GgH9FsF0sB3A34Wpgg?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,407" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe1jl0ciFmewollTL_NdmDZVehHEKtwAuJK53gwpG0WjVstHXyB_fgpcsTbIY7EvakKq8T74J6U7B6l7AP8U9Mjyeg5pi6GwH_Jj77F17jDBTV4fsCDTMUryH35zSZL1VisKd103uecnaTIHVPWVRQ-7ca0_CSfNUX2BqbB?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXe1jl0ciFmewollTL_NdmDZVehHEKtwAuJK53gwpG0WjVstHXyB_fgpcsTbIY7EvakKq8T74J6U7B6l7AP8U9Mjyeg5pi6GwH_Jj77F17jDBTV4fsCDTMUryH35zSZL1VisKd103uecnaTIHVPWVRQ-7ca0_CSfNUX2BqbB?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,473" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdCL4hBfIAJhblrvYNGTCIzmXoUNQ5IWEN4P95Xvyd3fpO6_tnRZi04BG1qogc83vXF3ndbag4kB46Ifo6XzZVb54rrFchAaAsjLvwvpY9ZRN4WEXFJQZIZ4jLcoTL1FdPwNMiM_oHHKvMhiGe0i_1vbdRKhV0pL5BiNxC3?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXdCL4hBfIAJhblrvYNGTCIzmXoUNQ5IWEN4P95Xvyd3fpO6_tnRZi04BG1qogc83vXF3ndbag4kB46Ifo6XzZVb54rrFchAaAsjLvwvpY9ZRN4WEXFJQZIZ4jLcoTL1FdPwNMiM_oHHKvMhiGe0i_1vbdRKhV0pL5BiNxC3?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,471" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​Reasons for the slight fall in ROE:Increased Equity Base: A significant increase in the company's equity base, through retained earnings or equity infusion, has diluted ROE. While beneficial for long-term growth, a larger equity base can reduce the proportionate returns generated.Marginal Increase in Net Income: Although ARWL experienced growth in net profit, the increase has not been proportional to the rise in equity. ROE will decrease when the net income growth is slightly slower than the equity growth.Dip in Asset Turnover: The company's asset turnover ratio has reduced from 0.93x to 0.87x thus, affecting the ROE negatively. ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd84ApjGqtFVYLoADdTKnM3NkCyTSViRxP1VmK-CcAO8kHNKdPaZgqbteaNrXCbvOOiucS5lCJy24G_lFv2nfClN6FMkDxJWKxEsnCOXj7dUPRnwEHlr59qyzGLv1Mu0FSTj9DVaQ6cyEcBV6Uf866E8jID518Yp60-Q1kyYA?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXd84ApjGqtFVYLoADdTKnM3NkCyTSViRxP1VmK-CcAO8kHNKdPaZgqbteaNrXCbvOOiucS5lCJy24G_lFv2nfClN6FMkDxJWKxEsnCOXj7dUPRnwEHlr59qyzGLv1Mu0FSTj9DVaQ6cyEcBV6Uf866E8jID518Yp60-Q1kyYA?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,464" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ ​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc2HUaAK6Fw__onT49xsi4KughJoZwBp_E7oy-Q5rxRXgyqGbXqF1a4fttKZr5unJ24oQ2pJfXZT_mmSW9sjSEu-xDUKLapo0pXQiTquba7_RX7iGHcvqeoWFlE5V5HJZB8rXcu9pFHb-e106AutEqFdeDq9bG_eygxeY622w?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXc2HUaAK6Fw__onT49xsi4KughJoZwBp_E7oy-Q5rxRXgyqGbXqF1a4fttKZr5unJ24oQ2pJfXZT_mmSW9sjSEu-xDUKLapo0pXQiTquba7_RX7iGHcvqeoWFlE5V5HJZB8rXcu9pFHb-e106AutEqFdeDq9bG_eygxeY622w?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="600,477" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​ Quarter-on-Quarter: <div class="se-component se-image-container __se__float- __se__float-center" style="min-width: 100%; width: 75%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfsEJ22B--ZultrR9IKhgVv8nR2NMKaNIFm_RjDFNHO87KgmYkj4j62cmYL3Os43WJTgyjMcEAUgcMDCpUy9XTY83qhEHb7asJR7mFkhxJmrPOaQu0x5VNmopzzgErSXcgh7wBfIyrZs3rNrTFvUJLqjGWm5ax600JLyFEdfQ?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXfsEJ22B--ZultrR9IKhgVv8nR2NMKaNIFm_RjDFNHO87KgmYkj4j62cmYL3Os43WJTgyjMcEAUgcMDCpUy9XTY83qhEHb7asJR7mFkhxJmrPOaQu0x5VNmopzzgErSXcgh7wBfIyrZs3rNrTFvUJLqjGWm5ax600JLyFEdfQ?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="1600,190" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div> Looking at the numbers quarterly they have recorded a mean sales growth of 9% over the last 9 quarters which is at par with the average of peers, the company registered an average OPM of 43% over the last 9 quarters which is below the peer average of 49%. Additionally, the company has been able to maintain an average NPM of 31% which is above the peer average of 28%. These numbers are driven by strategies such as a strategic focus on reallocating assets between equity mutual funds and structured products. This is due to the lower standard deviation of structured products compared to equity mutual funds. Despite a strong market, the company plans to strategically reallocate towards structured products, aiming for a proportion of 28-30% by the end of the year. Some Highlights from con calls of Q4 FY24: The company aspires to achieve 1 client per Relationship Manager (RM) per month, aiming for a total of 200 new clients per month next year. Gross sourcing for primary issuance was Rs. 5,182 crores and secondary issuance was Rs. 1,474 crores. The focus remains on maintaining a 40% PBT margin and a 30% PAT margin. The company focuses on countering cognitive biases like recency bias and influences clients to make well-informed decisions rather than following market trends. The management plans to add 40-50 relationship managers (RMs) annually, focusing on maintaining quality and cultural fit rather than just increasing numbers. The digital Wealth segment aims to cater to the mass affluent market, with a 47% year-on-year growth in AUM, highlighting the importance of technology in delivering wealth management solutions. The management provided a growth guidance of 21% for revenue and 24% for earnings over the next couple of years. The anticipated asset mix over the next two years includes 30%-35% in structured products, 50%-55% in equity mutual funds, and 8%-10% in debt instruments. Some Highlights from con calls of Q1 FY25: The Indian economy is projected to grow at 7.2%, positioning it as one of the fastest-growing markets globally. This growth is expected to increase the number of high-net-worth individuals, presenting significant opportunities for the wealth management sector. The collateral service will continue without charges as it does not impact revenues directly but significantly strengthens the client's affection towards the company. When asked about the increment in RM productivity the management said RM productivity can increase as RMs give away smaller clients to their apprentices, who then become RMs themselves. This cycle allows the RM to take on more significant clients, thus increasing overall productivity without saturation. The trend of money flowing from old to new clients varies with market conditions. During favorable markets, new client acquisitions increase, while in tepid markets, the focus is more on existing clients. The company adjusts its strategies based on these cycles​. Ring-fencing is crucial for HNIs to protect their wealth from external liabilities. The company has been providing this service for free for many years, as part of their client-centric approach. Additionally, Anand Rathi Wealth has facilitated about 6,000 wills, ensuring comprehensive estate planning without charging clients for these essential services. The management expressed confidence in achieving a long-term growth rate of 20% to 25%, driven by the company’s robust performance and market conditions. Projections: <div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeutDGQkqWE3478OBWjhfycj4UDcyiwAf52Tc1HG7vs_G3rOZmyOPvn0VusLuivC45XUiBUFUe1XTEAKOYXeOwS4TCSuXQx3XQAuC2o-rmFYXys1r-dV0lQTQB2HupNvs-UnXappFozl-X7XM0x-lN49g1tI_R3GKIdb1YGrg?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-size="75%," data-align="center" data-file-name="AD_4nXeutDGQkqWE3478OBWjhfycj4UDcyiwAf52Tc1HG7vs_G3rOZmyOPvn0VusLuivC45XUiBUFUe1XTEAKOYXeOwS4TCSuXQx3XQAuC2o-rmFYXys1r-dV0lQTQB2HupNvs-UnXappFozl-X7XM0x-lN49g1tI_R3GKIdb1YGrg?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" origin-size="981,235" data-origin="942px,226px" data-rotate="" data-percentage="75," style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div> As per the latest con call held by the company, the management has given a growth guidance of 21% revenue over 2-3 years and maintaining an average net profit growth of 24% over a similar period thus the above projections of topline and bottom line have been made as per the management guidance. This growth maintains the same share price next year the share will be available at a P/E of 55.9x next which would cool down to 45.1x in FY26. Valuations:​ <div class="se-component se-image-container __se__float- __se__float-center" style="min-width: 100%; width: 75%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcSxZV3z1fsRRkA7Dlwo5uTheWTjVcedgt95yEdWrHcad3Dyr4j7dDHKSJz8XN_G4z5LjOEV1gO2Qs4iXCHp56_bHqWCigQNEXgl6IOvQ4memfAOWArKPKktAg5e9WmiZjD13fHDSm7Fiyf8iDfLq6KrYLvqlHz4z7s1iAiQA?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-size="75%," data-align="center" data-file-name="AD_4nXcSxZV3z1fsRRkA7Dlwo5uTheWTjVcedgt95yEdWrHcad3Dyr4j7dDHKSJz8XN_G4z5LjOEV1gO2Qs4iXCHp56_bHqWCigQNEXgl6IOvQ4memfAOWArKPKktAg5e9WmiZjD13fHDSm7Fiyf8iDfLq6KrYLvqlHz4z7s1iAiQA?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" origin-size="718,186" data-origin="718px,186px" data-rotate="" data-percentage="75," style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​The company is fundamentally performing well and experiencing healthy growth at a rate of over 20%. They are exploring new business areas and continually adjusting their asset mix strategy based on market conditions and customer needs. However, the company appears to be relatively expensive compared to its peers in terms of valuation. Technical:​<div class="se-component se-image-container __se__float- __se__float-center" style="width: 75%; min-width: 100%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe9UFzSPKoNdRJNiDFpWpELdCElfDhJnO2yHaWlXQ2t_qsejW1wt_qvqeSuP-16pDOKG0IIjVPK267F_g0D3Xdl9BP18v5vCaNZKu18W8-WklHQJRgwkMhut749FQpfEZG46-jAOZ_bHyCoEa19-ztdblSNvaM69gVD5oWQcA?key=KHPgFjS39cui-ikvosAvmQ" alt="" data-proportion="true" data-size="75%," data-align="center" data-file-name="AD_4nXe9UFzSPKoNdRJNiDFpWpELdCElfDhJnO2yHaWlXQ2t_qsejW1wt_qvqeSuP-16pDOKG0IIjVPK267F_g0D3Xdl9BP18v5vCaNZKu18W8-WklHQJRgwkMhut749FQpfEZG46-jAOZ_bHyCoEa19-ztdblSNvaM69gVD5oWQcA?key=KHPgFjS39cui-ikvosAvmQ" data-file-size="0" origin-size="1341,786" data-origin="942px,552px" data-rotate="" data-percentage="75," style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div> Overvaluation of the company seems to be playing out on the chart as the stock price has met resistance at the price level of Rs 4,280 on three occasions which seems to be the rejection zone on the current market condition from there it came down to Rs 3,778 showing some signs of weakness. The RSI index shows a very low strength of 41.63 on the daily chart which further indicates a loss of momentum in the stock. The price can go to the low of Rs 3,416 which appears to be a previous support zone.

Anand Rathi Wealth Limited started as 'Hitkari Finvest Private Limited' on March 22, 1995.

Navigating Wealth with Precision: The Anand Rathi Approach

Technical <div class="se-component se-image-container __se__float- __se__float-center" style="min-width: 100%; width: 75%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXedWaZ6vpZNbj6PU_UI9Ful1Iwfq1tBOrX6D9oSR2mBWbbgMJ6pkmF3L9RCun5cgDCXD81t4faTqTGflSFVv7MViDZRsbHfjrZ_ic3xb-E0IcGSKK0Bd5Z9jH8ABrsic1XMiMqGHypUbmmG5RqTTOL4X2JEbwJf_Y8Qr9Ey?key=DxeKYr9I0SumUwGZpDOeFg" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXedWaZ6vpZNbj6PU_UI9Ful1Iwfq1tBOrX6D9oSR2mBWbbgMJ6pkmF3L9RCun5cgDCXD81t4faTqTGflSFVv7MViDZRsbHfjrZ_ic3xb-E0IcGSKK0Bd5Z9jH8ABrsic1XMiMqGHypUbmmG5RqTTOL4X2JEbwJf_Y8Qr9Ey?key=DxeKYr9I0SumUwGZpDOeFg" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="1341,786" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div> ​<div class="se-component se-image-container __se__float- __se__float-center" style="min-width: 100%; width: 75%"><figure style="width: 75%;"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeLfof0WZajHTgZF4O7fcRx4ZC49iPXkYZrQfbQ5qjoG6KMTOHgtzX4fFeCS0JZzXsdnh7Qlxq1RCjIfpZktwjkIdQ6kJFsi2JBoF0xoc4OtthueZjCf_AspKyUoPEGzvQaoINhR0YVHDvMeYYPXkwNfKnI1UrdA5zh-NSCfw?key=DxeKYr9I0SumUwGZpDOeFg" alt="" data-proportion="true" data-align="center" data-file-name="AD_4nXeLfof0WZajHTgZF4O7fcRx4ZC49iPXkYZrQfbQ5qjoG6KMTOHgtzX4fFeCS0JZzXsdnh7Qlxq1RCjIfpZktwjkIdQ6kJFsi2JBoF0xoc4OtthueZjCf_AspKyUoPEGzvQaoINhR0YVHDvMeYYPXkwNfKnI1UrdA5zh-NSCfw?key=DxeKYr9I0SumUwGZpDOeFg" data-file-size="0" data-origin="," data-size="75%," data-rotate="" data-percentage="75," origin-size="1341,785" style="margin-left: 0px; margin-top: 0px; width: 100%;"></figure></div>​

The Co. was established in 1994 and entered the equity broking segment in 2000. Subsequently, it diversified its offerings by undertaking derivatives trading in 2007, currency trading in 2008, and commodities trading in 2012.

Share India Securities -  A story of execution and achievement

The Indian Budget proposes a wide range of changes to boost economic growth, promote investment, and enhance backing for startups and&nbsp; small and medium-sized enterprises (SMEs). The Union Budget had everyone eagerly anticipating results that would reshape India's financial position. Every sector hopes the Finance Minister's proposals will meet their requirements and boost the country's growth. Industry experts see the removal of the Angel Tax and the reduction in corporate tax rates for foreign businesses as groundbreaking steps. These measures are expected to position India as a stronger option for investments, fostering a welcoming environment for innovation and entrepreneurship. When investors assess the revised economic landscape, they pinpoint specific key sectors as great investment prospects in the post-budget period. Before exploring the sectors, Let’s dive in the key announcement for capital expenditure and related to budget allocation are: <div style="margin-left:0pt"><table><tbody><tr><td>Budget Announcement</td><td>Capital Expenditure</td></tr><tr><td>Infrastructure Sector</td><td>11.11 lakh crores</td></tr><tr><td>PM Awas Yojana Urban 2.0</td><td>10 lakh crores</td></tr><tr><td>Road Connectivity Projects</td><td>26,000 crores</td></tr><tr><td>Power Sector</td><td>21,400 crores </td></tr></tbody></table></div> The union budget impacts the economy, shapes interest rates, and charts a course for the stock market. With India's GDP projected to grow at 7% for FY 24-25, Budget 2024 has came up with the theme – MSMEs. The budget included important measures for MSMEs by the government. The industry plays a critical role in India's economic progress. It consists of 6 crore units that hire more than 11 crore workers, making up 30% of GDP and 50% of exports. Nevertheless, only 14% of these SMEs&nbsp; have the ability to obtain credit. The new Credit Guarantee Scheme would extend term loans for machinery and equipment assets without a demand for any collateral. Entrepreneurs who have given&nbsp; debts will expand the loan limit of ₹10 lakh to ₹20 lakh in mudra loan scheme. The dedication to establish twelve industrial parks through the National Industrial Corridor Development Programme is intended to boost industrial growth and offer modern facilities for manufacturing and services sectors. Business Reforms Simplification of Tax Regime for Domestic Cruise Operators: The tax regime for operating domestic cruises has been streamlined. This simplification is expected to boost tourism and related business revenues. Corporate Tax Rate Cut: Foreign companies are set to gain from a decreased corporate tax rate, dropping to 35% from the previous 40%. This factor enhances India's attractiveness for foreign investors. Taxation on Gains Short-term capital gains from financial assets are now taxed at 20%. It is good news for the investors who were considering the impact on short-term trading strategies. Long-term gains on both financial and non-financial assets are taxed at a more favorable rate of 12.5%, promoting longer holding periods. The exemption for capital gains on financial assets has been raised to ₹1.25 lakh per year. This slight relief may attract more investors to bonds and other financial assets. Key sectors to consider for strategic investments after Budget 2024: <ol><li style="font-size:16px;color:#222222;background-color:transparent">Agriculture </li></ol>In the latest budget, the agriculture industry was granted Rs 1.52 lakh crore, with an emphasis on advancements in biotechnology and digital agriculture. Setting up 10,000 bio-research centers and enhancing digital agriculture infrastructure offer positive chances for agri-tech startups. These new companies have the potential to be pioneers in eco-friendly farming techniques, precise agriculture, and effective farm organization, which will boost India's international standing in the agricultural sector. 2.&nbsp; Infrastructure The provisions of the budget for the financial year 2024 offers crores of Rs, 11.11 lakh crore for infrastructure sectors including roads and transport and communication that is meant to enhance the existing transport means. L&amp;T and GMR INFRA will benefit from projects such as PMGSY and the Amritsar-Kolkata industrial corridor. 3.&nbsp; Space Economy The budget reveals a Rs 1,000 crore fund for space startups to increase the space economy five times in the next ten years. This decision encouraged creativity and monetary investments in the aerospace industry. 4.&nbsp; Renewable Energy The government emphasis on renewable energy aligns with global sustainability trends. Incentives for companies involved in renewable energy projects make this sector attractive. Solar, wind, and hydro projects are already underway, and aggressive commissioning targets are expected. The exemption of capital goods used in solar cell and panel manufacturing further fuels growth. 5.&nbsp; &nbsp;Affordable Housing and Urban Development The PM Awas Yojana Urban 2.0 received got actual allocation of ₹10 lakh crores. For this, this initiative is aimed at giving subsidies on housing and urban development, providing opportunities for real estate developers and construction companies. - Real Estate Sector The budget eliminates the indexation benefit for property sales. Previously, sellers could adjust acquisition costs for inflation to reduce taxable capital gains. Despite the reduction of the capital gains tax rate on property sales to 12.5%, the elimination of indexation may lead to increased taxable gains. Real estate investments may seem less appealing in terms of taxes than they did in previous years. 6.&nbsp; &nbsp;Manufacturing and OEMs Private sector capital expenditure is likely to surge as manufacturing facilities ramp up production. The tax exemption for capital goods will encourage investment. Original Equipment Manufacturers (OEMs) catering to construction materials would show increased demand. 7.&nbsp; &nbsp;Financial Services ​With the budget's focus on economic revival, financial services companies, including banks like SBI and PNB, are well-positioned for growth. 8.&nbsp; Telecom Telecom companies are set to benefit from infrastructure development and digital connectivity initiatives. Conclusion The 2024 Indian Budget offers a combination of obstacles and advantages for businesses and investors. Increased exemption limits and reduced tax on long-term gains may make bonds more attractive, while the real estate sector may undergo changes that could redirect investor focus to tax-efficient options.&nbsp; As the business landscape evolves, keeping up-to-date and adjusting investment strategies will be essential as the business environment changes.​ ​​ ​ &nbsp;​ ​ ​

The Indian Budget proposes a wide range of changes to boost economic growth, promote investment, and enhance backing for startups and  small and medium-sized enterprises (SMEs).

Where to Invest After Budget 2024: Key Sectors to Consider

Saraswati Saree Depot, operates within the domain of saree wholesale (B2B) market and is gearing up for its IPO and this <a target="_blank" href="https://www.planify.in/">IPO</a> is to begin from August 12, 2024 to August 14, 2024. Investors must focus on the subsequent key points: <ul><li style="font-size:16px;color:#555555;background-color:transparent">Price Band:&nbsp;The share price has been set at between ₹152 and ₹160. </li><li style="font-size:16px;color:#555555;background-color:transparent">Retail investors have the option to purchase at least 90 shares, with an initial investment of ₹14,400.</li></ul>​Company Overview​Ethnic wear, including sarees, constitutes 60-65% of the women's wear market. As working women's discretionary income rises, demand for occasional-wear sarees is expected to grow. Saraswati Saree Depot is involved in the business to business ready-made garment industry and particularly focused on ethnic wear for women. The company has its inception from 1966, and it renders a rich history of serving the industry in saree manufacturing. Sarees product contributes more than 90% to the total FY24 revenue of the company. Saraswati Saree has recently established its roots in the Indian textile industry especially in the saree category in which the company is famous for offering quality products and excellent workmanship. Having a presence in Maharashtra the company has been successful in targeting both the retail and institutional clients and now operates as a brand in that geographical location. The company is at present managed by its promoters Shanker Dulhani, Mahesh Dulhani, Rajesh Dulhani and Vinod Dulhani who have owned 100% pre- IPO of the company. Key IPO Details The company plans to generate ₹160 crore from its IPO by combining a fresh issue with an offer for sale (OFS). The fresh shares include 0.65 crore shares worth ₹104 crore, while the OFS involves 0.35 crore shares totaling ₹56.02 crore. The IPO price range has been set at ₹152 to ₹160 per share, offering a cost-effective entry opportunity for various investors. <div style="margin-left:0pt"><table><tbody><tr><td>IPO Start&nbsp; Date</td><td>Monday, August 12 2024</td></tr><tr><td>IPO End Date</td><td>Wednesday, August 14 2024</td></tr><tr><td>Listing Date</td><td>Tuesday, August 20 2024</td></tr><tr><td>Price Band</td><td>Rs. 152 to Rs. 160 Per Share</td></tr><tr><td>Lot Size</td><td>90 Shares</td></tr></tbody></table></div> &nbsp;Allocation of Shares The company has allocated specific parts of the IPO for various types of investors in a strategic manner. Institutional investors have been assigned 50% of the net issue, indicating the company's attractiveness to Qualified Institutional Buyers (QIBs). Retail investors, who typically seek stable and dependable investment options, have been designated 35% of the net offering. 15% of the total is set aside for Non-Institutional Investors (NIIs), split between small NIIs (sNIIs) and large NIIs (bNIIs) based on their investment size. Utilization of IPO Proceeds The <a href="https://www.chittorgarh.com/ipo/saraswati-saree-depot-ipo/1542/">Saraswati saree IPO</a>&nbsp; fund proceeds will mainly be used to fulfill the company's working capital needs. Keeping inventory levels up to date is essential for the smooth running of the business, an especially important factor as the company looks to grow its market reach. Furthermore, some of the money will be designated for overall business needs, such as projects focused on improving the brand, updating technology, and making strategic investments to aid the company's expansion. Strengths<ul><li style="font-size:16px;color:#555555;background-color:transparent">Saraswati Saree has a diversified supply chain with over 900 weavers and suppliers across different states. </li><li style="font-size:16px;color:#555555;background-color:transparent">Revenue and net profit grew at 5.4% and 54.9% per annum, respectively, over FY22-FY24. </li><li style="font-size:16px;color:#555555;background-color:transparent">The company has a unique model of saree wholesaling and has over 3,00,000 SKUs procured from 900+ weavers and marketed to 13,000+ customers, who are largely semi wholesaler/retailers. Thus it operates on a B2B model with 90+% revenue from sale of Sarees. The company diversified into kurti and dress materials along with branded suiting/shirting for men that is contributing the rest.&nbsp;</li></ul> Weaknesses:&nbsp; Revenue Concentration: Stores are located only in 2 cities in Maharashtra (Kolhapur and Ulhasnagar). The Kolhapur store contributed around 88% of total revenue in FY24. Low Margins: Operating profit margins are low due to its wholesale business model (average operating profit margin of 5% over three years). Saraswati Saree Depot Share Price and Valuation The face value of Saraswati Saree Depot share is ₹10. The Saraswati Saree depot share price is ₹863 per share. Post IPO, the stock would have a P/E ratio of 21.5 and a P/B (price-to-book) of 3.8. Key Risks:&nbsp; Before deciding to invest in Saraswati Saree Depot IPO, it is crucial to take into account the possible risks along with the potential growth prospects.&nbsp; Fragmented Market: &nbsp;The ethnic wear segment for women is severely unorganized, and the unorganized players dominate the market share ranging from 63% to 65%. Intense competitive rivalry and a tendency towards the lowering of prices may pose a threat to the growth of Saraswati Saree Depot.&nbsp; The outlets of Saraswati Saree Depot are restricted to only two cities in Maharashtra namely Kolhapur and Ulhasnagar. The Kolhapur store represents approximately 88% of the company’s total sales. Such concentration raises risks if these markets face challenges or economic downturns. Conclusion&nbsp; The Saraswati Saree Depot IPO seems to be a good investment opportunity if investors are to base their decisions on the growth prospects of a popular brand in the Indian market of textiles. This may be appealing to investors who want to diversify their investment portfolios by setting a reasonable price band, and distribution of shares, and use proposition that lays down how the funds will be utilized. Nevertheless, more attention should be paid to the possible risks relating to the company’s business model, target market and competition before making an investment decision. It will be important to have the knowledge and do the research well to be in a position to make a smart investment in the upcoming Saraswati Saree Depot IPO.

Saraswati Saree Depot, operates within the domain of saree wholesale (B2B) market and is gearing up for its IPO and this IPO is to begin from August 12, 2024 to August 14, 2024. Investors must focus on the subsequent key points: Price Band:  The share price has been set at between ₹152 and ₹160. Retail investors have the option to purchase at least 90 shares, with an initial investment of ₹14,400.

Saraswati Saree Depot IPO: Everything You Need to Know Before Investing

FirstCry has announced the initial public offering (IPO). The upcoming IPO will start on August 6 and ends on August 8, 2024. This article will cover the overview and some sort of analysis for FirstCry IPO based on the market insights and investors sentiment and also discuss about the valuation, the company’s anticipated growth, and expert predictions for the <a href="https://www.planify.in/research-report/firstcry-brainbees-solutions-pvt-ltd/">FirstCry IPO,</a> offering a detailed insight for prospective investors. FirstCry IPO has allocated at least 75% of the shares to qualified institutional buyers (QIB), and up to 15% of shares&nbsp; to non-institutional investors (NII), and a maximum of 10% to retail investors in the initial&nbsp; public offering. The portion reserved for employees includes ₹30 million worth of equity shares. Eligible employees taking part in the employees reservation portion of the bidding process can avail a discount of ₹44 per equity share. About the Company Brainbees Solutions, Firstcry aims to make one central place for parents, meeting their needs for retail, content, community engagement, and education. The company offers several unique products for babies and children up to age of 12 years old, such as apparel, footwear, baby gear, nursery products, diapers, toys, and personal hygiene products and&nbsp; offers products from Indian third-party brands, global brands, and its own brands for sale. The company offers a diverse selection of products for mothers, babies, and kids from 7,500 brands on its multi-channel platform, with over 1.5 million SKUs across different categories involves clothing, toys, books, school supplies, diapers, bath and skincare, nutrition and breastfeeding, health and safety, baby gear, and maternity wear. The introduction of BabyHug, a brand under Brainbees Solutions (Firstcry), clearly demonstrates the successful reputation and loyalty of the company. According to a RedSeer report, this brand leads in sales of mother, baby, and kids items in India based on GMV for the year ending December 2023. FirstCry: Products &amp; Services FirstCry provides a diverse selection of items for infants and children, such as Diapers, Apparel, Playthings, Baby carriages, Child car seats, Pregnancy products, Nourishing products, Infant hygiene products, Household safety products. FirstCry offers products from both local and foreign brands for sale.&nbsp;FirstCry features its product portfolio by popular brands including Pampers, Huggies, MamyPoko Pants, Johnson's Baby, Dove Baby, Cetaphil Baby, Chicco, Graco, Disney. Valuation and IPO Details BrainBees Solutions Ltd, the parent company of FirstCry, has an IPO valuation of around $2.9 billion. The Price band for the <a href="https://www.planify.in/research-report/firstcry-brainbees-solutions-pvt-ltd/">FirstCry Share Price</a> is ₹440 to ₹465. This valuation is almost the same as its previous valuation of $2.8 billion. The goal of the company is to raise around ₹1,666 crore by issuing new shares, along with an OFS of up to 54 million shares, resulting in a total issue size of ₹4,187 crore. FirstCry's market capitalization reached ~₹22,475 crore ($2.68 billion). <div style="margin-left:0pt"><table><tbody><tr><td>IPO Open Date</td><td>August 6, 2024</td></tr><tr><td>IPO End Date</td><td>August 8, 2024</td></tr><tr><td>Listing Date</td><td>August 13, 2024</td></tr><tr><td>Allotment Date</td><td>August 9, 2024</td></tr><tr><td>Face Value</td><td> ₹2 per share</td></tr><tr><td>Issue Size</td><td>90,187,690 shares</td></tr><tr><td>Lot Size</td><td>32 shares</td></tr><tr><td>Price Band&nbsp;</td><td> ₹440 -₹465 per share</td></tr></tbody></table></div> Funds Utilization from the FirstCry IPO Proceeds The&nbsp; FirstCry company plans to use these funds to cover costs for building a modern new facility and a warehouse in India. The proceeds are also&nbsp; allocated for lease payments on their existing modern stores, as well as for investments in their subsidiary. Financial Performance FirstCry has demonstrated encouraging growth in the past few years. During FY24, the company saw a 15% growth in operating revenue, reaching ₹6,481 crore. The company lowered its losses by 34%, resulting in them falling to ₹321 crore in that time frame. The company's consistent growth trajectory and operational efficiency are evidenced by this financial performance. Equipped with a robust omnichannel strategy, FirstCry has more than 1,000 physical stores throughout India, making it ready to take advantage of the increasing demand for baby and mother care items. Expert Predictions There is a mixed opinion among experts regarding the valuation of FirstCry's upcoming&nbsp; IPO. Some professionals think that the lower valuation is a strategic tactic to attract both institutional and retail investors. The strong surge in revenue and higher EBITDA margins well for the company's future performance. Nevertheless, questions have been raised regarding the competitive environment and the company's capacity to sustain its growth path in the future. FirstCry Share Price and Pre-IPO Details As of August 02, 2024, the FirstCry unlisted shares of BrainBees Solutions Pvt Ltd. are being traded at ₹225 per share. FirstCry Pre IPO shares are traded on NSDL and CDSL. Each FirstCry share is worth ₹10 in terms of its face value. The price band for the IPO has been disclosed in the DRHP documents. Funding and Growth FirstCry has raised over more than $741 million in funding from well-known investors like SoftBank, SAIF Partners, and Sequoia Capital India, across 11 rounds. The company has launched a wide variety of private label brands, providing unique baby and maternity items under its own name. This approach has enabled FirstCry to serve a wide range of customers and stay ahead in the competitive market. Offline Presence and Additional Services In addition, from its online platform, FirstCry operates a chain of more than 400 brick-and-mortar stores throughout India. The company provides a range of services such as parenting guidance, baby registries, and party coordination to improve its value offering to customers. Notable Investors and their Gains Former Tata Sons chairman Ratan Tata and Mahindra &amp; Mahindra Limited are notable investors in FirstCry. Ratan Tata owns 77,900 shares in FirstCry that were purchased at an average cost of Rs 84. Tata's current offer price has resulted in gains of over 5 times. Mahindra &amp; Mahindra Limited, owning 11% of FirstCry, will experience substantial gains as well, with its holdings increasing nearly sixfold in value. The mean cost of purchasing was Rs 77 per share. <div style="margin-left:0pt"><table><tbody><tr><td>Investors</td><td>Shares Owned</td><td>Purchase Price (in ₹)</td><td>Current Offer Price (in ₹)</td><td>Gains( in times X)</td></tr><tr><td>Ratan Tata</td><td>77,900</td><td>84</td><td>465</td><td>5X</td></tr><tr><td>Mahindra &amp; Mahindra Ltd.</td><td>11% ownership</td><td>77</td><td>465</td><td>6X</td></tr></tbody></table></div> Regulatory Hurdles and Resolutions FirstCry's journey to the IPO has encountered some bumps along the way. Brainbees Solutions first submitted its DRHP IPO documents to India's Securities and Exchange Board (SEBI) in December. However, they retracted the documents when SEBI requested further clarification on key performance indicators (KPIs). SEBI&nbsp; asked to include 25 KPIs but the company only included 5-6 in its filings earlier. After additional clarifications and modifications, the IPO is now scheduled to move forward. Conclusion The FirstCry IPO allows investors to participate in the success story of a prominent retail brand. FirstCry is well-positioned to make a significant impact with robust finances, a defined plan for growth, and support from prominent investors.&nbsp; FirstCry IPO approaches, and getting attention will be focused on the FirstCry share price and the market's reaction to the highly anticipated offering. Investors seeking a way to invest in the expanding Indian retail sector may consider adding First Cry in their investment portfolio.

FirstCry has announced the initial public offering (IPO). The upcoming IPO will start on August 6 and ends on August 8, 2024.

FirstCry IPO: Valuation, Future Growth and Expert Predictions

The upcoming Ola Electric IPO would have a great impact on the financial sector which represents a major advantage for the Indian electric vehicle (EV) market. The IPO is set to debut on August 2, 2024 and the IPO is going to raise ₹6,145 crore with the price band of ₹72-₹76 per share. The initial Indian EV maker to become publicly traded, <a href="https://www.planify.in/research-report/ola-electric-mobility-private-limited/">Ola Electric's IPO</a> showed significant enthusiasm among investors and industry professionals. The Ola Electric IPO has the attention and interest from many well-known investors such as Nomura, Fidelity, Norway's Norges Bank, and mutual funds like HDFC, UTI, SBI, and Nippon India. The bidding for anchor investors will be held on August 1, 2024. Company Overview&nbsp; Ola Electric has emerged as a leading force in the Indian Electric vehicle sector. The main focus of the company is on manufacturing electric vehicles and required components like battery packs, motors vehicle frames etc. Its main product that launched the Ola S1 Pro in December 2021 and other models such as the Ola S1, Ola S1 Air, and a new range of motorcycles were revealed recently. Ola Electric IPO Details The Ola Electric IPO will include a fresh share issue of ₹5,500 crore and an offer for sale from promoters and investors worth ₹645 crores whilst the founder Bhavish Aggarwal would offload 3.8 crore shares (approximately 45% of OFS). The IPO will open for subscription from August 2 to August 6,2024, with shares expected on BSE &amp; NSE both trading platform on date of August 9,2024 To ensure investor participation in the IPO, some of the shares were reserved by the company for eligible institutional buyers (QIBs), non-institutional investors (NIIs) and retail investors. Financial Performance Ola Electric has performed well in terms of financial performance in recent years which is driven by strong demand for its innovative EV products. The company's revenue has seen significant growth that is supported by its&nbsp; omnichannel distribution network across India which includes 870 experience centers and 431 service centers. This growth has enabled Ola Electric a&nbsp; substantial market share in the burgeoning EV sector. Ola Electric has a 40% market share. The company revenue increase from ₹373 crore in FY22 to ₹2,630 crore in FY23, shows a 604% increase. The company has made significant environmental contributions with its scooters that covers a distance of 300 crore kilometers by avoiding 8.7 crore kilograms of emissions, and saving ₹704 crores in fuel costs. In terms of market capitalization, Ola Electric will be smaller than the prominent names like Bajaj Auto, Eicher Motors, TVS Motors, and Hero MotoCorp.&nbsp; The company revenue for FY24 of ₹5,010 crore is also much lower than these competitors. Ola also reported a net loss for FY24 and the company loss-making at the operating profit level, burning cash but improving its free cash flow loss margin to -31% in FY24. The company has moved from being net cash positive in FY22 to net debt in FY24, and on the other side most competitors have strong profitability and enjoy EBITDA margins between 14% and 33%. <div class="se-component se-image-container __se__float-center"><figure><img src="https://testing-planify.s3.amazonaws.com/sun_editor/3a354d45-838d-4733-9dcb-6483e10356bf_image.png" alt="" data-rotate="" data-proportion="true" data-size="," data-align="center" data-percentage="auto,auto" data-file-name="Screenshot 2024-08-02 120112.png" data-file-size="19407" origin-size="659,449" data-origin="," style=""></figure></div> Utilization of Ola Electric IPO Proceeds Ola Electric focused on electric scooters for urban commute. The two prime offerings, the Ola S1 and S1 Pro electric scooters have received reviews from many for their design, performance as well as being priced affordably. The features include a large battery, long range and connectivity. These scooters have set new benchmarks in the industry. The electric two-wheeler manufacturer Ola Electric has plans for deploying the raised funds from its IPO in a variety of strategic projects. From the IPO funds, Ola Electric will deploy ₹1,227 crore to increase its cell manufacturing plant capacity from 5 GWh to 6.4 GWh. Another ₹1,600 crore, for Research and development head; and&nbsp; ₹800 crores for the settlement of debts This investment is expected to help in both improving the manufacturing capabilities as well enhancing its technology. Ola Share Price and Target Ola Electric Mobility unlisted share prices available and are trading in the Pre IPO market. The&nbsp;<a href="https://www.planify.in/research-report/ola-electric-mobility-private-limited/">Ola Electric share price</a> is set to be ₹130 per share.&nbsp; The face value of each Ola Electric IPO share is ₹10. The IPO price band set between ₹72 and ₹76 per share, with eligible employees receiving a ₹7 per share discount. The company has eyeing for the valuation of $4 billion through this initial public offering. Key Risks Cash Burn:&nbsp;Ola Electric has shown growth in terms of revenue but it also faces some challenges that have a limited operating history and substantial losses. The company reported the net loss of ₹1,472 crore in FY23, doubling from the previous year. These challenges represent the volatility and potential challenges in the path of rapid expansion. No signs of profitability in the near term: Due to high capital expenditure requirements for vertical integration and the introduction of new products and the expansion into the global automotive market the management is not able to forecast&nbsp; profitability shortly in the long run.&nbsp; High Debt: The company has a total debt of ₹1,664 Crore, and given the current profit margins, this leads to a significant concern. While the debt-to-equity ratio stands at a seems manageable 0.4, it's crucial to mention&nbsp; that the company's equity hasn't expanded due to accrued profits or reserves but rather by&nbsp; the issuance of compulsory convertible Preference Shares (CCPS). Additionally with a cash reserve of ₹1,140 Crore and current mutual fund investments totalling ₹242 Crore, the adjusted net debt is ₹282.1 Crore.&nbsp; The company also&nbsp; does not own the trademark for the brand name 'Ola'&nbsp; Runway of less than 12 months: The company has a monthly burn of around ₹108 Crore that comprise ₹34 Crore in fixed costs and ₹74 Crore in variable costs linked to vehicle sales. Given the sustained sales volume of 30,303 units (as of December 2023), the company has a cash runway of 11 months before exhausting its current cash. Battery Manufacturing: The additional risk noticed about Ola's plan to vertically integrate the EV supply chain and enter into battery manufacturing. Despite this, the availability of raw materials and the success of R&amp;D initiatives are critical aspects to monitor in Ola's battery manufacturing venture. ​ Conclusion​Ola Electric unlisted share will be able to capitalize on the increasing demand for sustainable transportation solutions. The company presents steady revenue growth and strong position in the EV market. Ola Electric has shown its ability to grow and highlights the significant portion of the market by boosting its revenue. However, the uncertainty and potential challenges are underscored by the company's brief operating history and substantial financial losses. In conclusion, investors should caution and evaluate the financial risks and the company's ability to achieve long-term profitability. Considering both the benefits and challenges is crucial while making investments in this fast-evolving sector. ​

Ola Electric IPO: Pioneering the Future of Indian Electric Mobility

<h2>Angel Network Subscription</h2>​ Release Date: 27th June 2024 Version: 1.1 Platform: Website Impact External Stakeholders: Angel Investors Description Purpose: The Planify Angel Network is a community designed to bring together investors and entrepreneurs with the aim of fostering innovation. This platform provides a unique opportunity for angel investors to connect with promising startups seeking funding and support. <h2>Investor Risk Product Page</h2>​ Release Date: 27th June 2024 Version: 1.1 Platform: Mobile App Impact External Stakeholders: Angel Investors Description Purpose: The Investor Risk product page has been released on the mobile app to provide investors with comprehensive information about the risks involved in investing in Unlisted IPOs. This page outlines various risks including market, business, liquidity, and financial risks. <h1>Investor Profile</h1>​ Release Date: 20th June 2024 Version: 1.0 Platform: Mobile App Impact External Stakeholders: Angel Investors Description Purpose: A tool for monitoring how angel investors allocate their investments, providing insights into their portfolios and investment strategies. It provides detailed information on the stocks and other assets that angel investors are investing in, essentially giving users a glimpse into their portfolios. <h2>Family KYC Process Migration</h2>​ Release Date: 20th June 2024 Version: 1.1 Platform: Website Impact External Stakeholders: Angel Investors Description Purpose: The Family KYC (Know Your Customer) process has been moved from Interakt to OTPless.

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