<ul><li>​Tata Capital Limited (TCL), a leading diversified non-banking financial company (NBFC) in India, has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹20,000 crore through an Initial Public Offering (IPO). The proposed IPO consists of an Offer for Sale (OFS) of 5.41 crore equity shares by the promoter, Tata Sons Pvt Ltd. There is no fresh issue component in this offering. </li><li>Although the IPO does not aim to raise new capital, the listing is expected to unlock value for the promoter, improve the company's brand visibility, and provide liquidity for existing shareholders, aligning with Tata Sons’ strategic intent to list its major subsidiaries.</li><li>Tata Capital’s lending business is diversified across Retail, Corporate, and Infrastructure Finance. As of March 31, 2025, the company’s Total Gross Loans stood at ₹2,21,950 Cr,&nbsp;growing at a CAGR of 35.0% from FY22 to FY25. The Assets Under Management (AUM) reached ₹2,21,950 Cr in FY25, registering a CAGR of 35.0% over the same period.</li><li>In FY25, Tata Capital recorded a Profit After Tax (PAT) of ₹3,657 Cr, reflecting a CAGR of 26.6% from FY22. This profitability was underpinned by strong loan growth, efficient cost management, and robust asset quality. For FY25, the company achieved a Return on Average Assets (RoA) of 2.07% and a Return on Average Equity (RoE) of 15.56%, underscoring its financial strength and consistent performance.​ </li></ul>

Tata Capital filled DRHP with SEBI

​<a target="_blank" href="https://www.planify.in/research-report/national-stock-exchange/">NSE</a> has declared a final dividend of ₹35 per share, including a special one‑time dividend of ₹11.46 per share (face value ₹1), record date of August 13, 2025. The current share price stands at ₹2,255.

Dividend update: NSE

<ul><li>​<a target="_blank" href="https://www.planify.in/research-report/apollo-green-energy-limited/">Apollo Green Energy Limited</a> has fully repaid the Term Loan facility of ₹125 crore sanctioned by Axis Finance Limited under the sanction letter no. AFL/CO/2023-24/Mar/1838 dated 27th March 2024. </li><li>The repayment, including all outstanding interest, was completed on 1st July 2025. Axis Finance Limited has issued a No Dues Certificate dated 2nd July 2025, confirming that no amount is outstanding under the said facility. </li><li>This repayment reflects Apollo Green Energy Limited’s financial prudence and commitment to timely debt servicing.</li></ul>

Apollo Green Energy Limited has fully repaid the Term Loan facility of ₹125 crore sanctioned by Axis Finance

Investor Update: Full Repayment of Axis Finance Term Loan by Apollo Green Energy Limited

<ul><li>Financial Highlights:&nbsp;In Q1FY26, the National Stock Exchange of India (NSE) reported a consolidated total income of ₹4,798 crore, marking a 9% QoQ increase, driven primarily by a 7% sequential growth in transaction charges to ₹3,150 crore due to increased trading volumes in both the cash and derivatives markets. Notably, total expenditure decreased by 6% QoQ to ₹1,053 crore, reflecting operational efficiency gains. This led to a 12% QoQ rise in consolidated operating EBITDA to ₹3,130 crore and a 10% rise in net profit to ₹2,924 crore, with EPS improving from ₹10.71 to ₹11.81. Excluding one-offs, normalized PBT rose 12% QoQ to ₹3,683 crore, underscoring strong underlying business momentum.</li><li>Operation Highlights:&nbsp;On a standalone basis, while the reported total income of ₹4,243 crore declined from ₹5,860 crore in Q4FY25 due to one-time dividend income from prior subsidiary divestments, the underlying business showed resilience with a 9% QoQ increase when adjusted for these one-offs. Revenue from operations stood at ₹3,608 crore (up 6% QoQ), supported by higher average daily traded volumes (ADTVs): the cash market surged 14% to ₹1.08 lakh crore, equity futures rose 5% to ₹1.68 lakh crore, and equity options grew 9% to ₹55,514 crore in premium value. Standalone operating EBITDA also rose 11% QoQ to ₹2,714 crore, and normalized PBT increased 13% QoQ to ₹3,141 crore, demonstrating robust core profitability.</li><li>Future Outlook:&nbsp;Looking forward, <a target="_blank" href="https://www.planify.in/research-report/national-stock-exchange/">NSE's</a> continued dominance in trading volumes and market infrastructure positions it strongly amidst a growing equity culture and increasing retail participation in India. Its global leadership in derivatives volumes (ranked #1 globally in 2024 by FIA) and #2 in equity trades (WFE, 2024) reinforces its operational scale. Strategic focus on technology innovation, regulatory compliance, and diversified revenue streams across exchange services, indices, market data, and technology solutions is expected to sustain growth. Its substantial ₹14,331 crore contribution to the exchequer in Q1FY26 reflects its central role in India's financial ecosystem, supporting its long-term outlook.</li></ul>

NSE announced its Q1 FY26 results

Lenskart, India's leading eyewear retailer in news headlines making highlights for its big move regarding filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The enterprise aims to raise ₹2,150 (about $250 million) via a fresh issue of equity shares. This IPO additionally includes an offer for sale(OFS)&nbsp; available on the market of 132.28 million shares through way of existing investors and promoters.​Shareholder Participation in OFS The Offer for Sale (OFS) will see participation from several key investors, together with SoftBank, Temasek, Schroders Capital, PI Opportunities Fund, Kedaara Capital, and Alpha Wave. SoftBank is in a move forward slated to sell off the most essential element and largest portion core part amongst institutional shareholders, major offering 2.55 crore shares.&nbsp; Other extensive sellers encompass Schroders Capital (1.91 crore shares), PI Opportunities Fund (87 lakh shares), and Temasek (78.5 lakh shares). Promoters and key management employees, which includes co-founder and CEO <a target="_blank" href="https://www.planify.in/investors/peyush-bansal/">Peyush Bansal</a> (2.05 crore stocks), Neha Bansal (57.3 lakh stocks), and Amit Chaudhary (28.6 lakh stocks), are also taking components in the OFS.&nbsp;​Sumeet Kapahi, one of the founding group's early individuals and Global Head of Sourcing, is supposed to offer 28.6 lakh shares and acquire his organization stock at an average weighted cost of ₹8.11 per share. Notably, the organization determined in its DRHP that Sumeet Kapahi's B.Com (Hons.) degree certificate and marksheets from the University of Delhi are not traceable. Lenskart Financial Performance <a target="_blank" href="https://www.planify.in/research-report/lenskart-share-price/">Lenskart</a> has examined large financial growth, with profits growing via approach of 22.5% year-on-year to ₹7,009 crore in FY25 from ₹5,609 crore in FY24. The company achieved significant profitability in FY25 and showcased potential growth that made a frame, reporting a net profit of ₹297 crore, a notable turnaround from a loss of ₹10 crore in FY24.&nbsp; Lenskart's revenue from operations rose commanding high in demand in Pre IPO buzz and consistently surged by 43% to ₹5,609 crore in FY24 from ₹3,927 crore in FY23. In FY25, the total revenue showed a dramatic move upwards approximately ₹6,415 crore (around $755 million), with India contributing $455 million (₹3,865 crore) and international operations accounting for $300 million (₹2,550 crore). The enterprise organisation's gross margin became 70% in FY25, with unusual value prices of $8 (₹680) and common selling prices of $28 (₹2,380). Lenskart's EBITDA margins were 18-22% in FY25. As of March 2024, Lenskart's popular debt stood at ₹4.97 billion. The company's preferred borrowing as of March 31, 2025, have become ₹345.94 crore, a decrease from ₹497.15 crore within the previous financial year. Market Presence and Business Strategy Incorporated in 2010, Lenskart is India's largest eyewear retailer having been a strategic giant with gradual efforts with a strategic double check and recent amendments in valuation of ₹52,533 crore as of June 13, 2025. It operates on a strategic outlet process comprising direct-to-consumer model, offering a wide range of eyewear products under its own brands and sub-brands, including prescription eyeglasses, sunglasses, and contact lenses.&nbsp; As of March 31, 2025, Lenskart had 2,723 recently increased stores globally, with 2,067 in India and 656 internationally. The commercial organization and industrial enterprise approach heavily makes a speciality of competitive expansion, geographically and via an enhanced and wider omnichannel presence. This consists of putting in place new grand outlets, making an investment in technology and cloud infrastructure, and developing present day product offerings.&nbsp; The business enterprise additionally uses era which incorporates AI-powered digital attempts for try-on capabilities, that have contributed to over 20 million app downloads, and automated manufacturing and robotics for precision in lens reducing. Additionally, Lenskart gives home eye-checkup services completed through licensed optometrists, enhancing comfort and accessibility for clients. Lenskart Valuation Narrative With its IPO exercise, Lenskart is targeting a valuation in the ballpark of $8–9 billion (₹70,000–75,000 crore)—a sharp upward revision from $5 billion in mid-2024. IPO filings and commentary suggest aspirational valuation targets closer to $10 billion (₹85,000 crore), supported by robust growth and improved financial health. In choosing a public DRHP route—rather than SEBI’s confidential process—Lenskart signals confidence in its fundamentals and appetite for transparency. Lenskart Solutions Share Price The <a target="_blank" href="https://www.planify.in/research-report/lenskart-share-price/">Lenskart Solutions unlisted share price</a> is ₹400 per share. The grey market premium (GMP) for Lenskart's IPO shares has not yet started. The Lenskart Solutions share price in the unlisted market can vary, with other sources reporting it at different prices in the Pre IPO market. These <a target="_blank" href="https://www.planify.in/unlisted-shares/">unlisted shares</a> are traded in the over-the-counter market. Conclusion Lenskart's recent DRHP submitting with SEBI marks a pivotal step toward its especially expected IPO, this is expected to be certainly considered one of India's biggest tech-client listings in 2025. The business organization aims to raise ₹2,150 crore through a fresh issue hassle, complemented by using a proposal on the market by way of offer for sale (OFS) of 132.3 million shares through existing shareholders and promoters. This go together move comes as Lenskart accomplished profitability in FY25, reporting a net profit of ₹297 crore, a big turnaround from previous losses. The fresh capital raised may be strategically invested to further enhance Lenskart's aggressive growth plans, together with the&nbsp; building up order of recent business company-owned and corporation-operated (CoCo) outlets with vendor stores, great investments in technology and cloud infrastructure, and enhanced extremely good brand recognition marketing efforts.&nbsp; The IPO also offers an opportunity for important investors like SoftBank and diverse promoters to partially divest their stakes. Lenskart's robust revenue increase, increasing global footprint, and progressive omnichannel employer model position it as a huge participant inside the hastily evolving international eyewear marketplace. The achievement of this IPO can be cautiously watched as it could set a new benchmark for other tech-led businesses eyeing public listings in India.

Lenskart  is going to raise 2,150 cr IPO, recently filed its DRHP.

Lenskart files DRHP with Sebi to raise ₹2,150 crore in fresh capital via IPO

<ul><li>Financial Performance (Q1 FY26 vs Q1 FY25): HDFC Securities reported a muted financial performance in Q1 FY26, with total revenue declining by 10.9% year-on-year (YoY) to ₹729 Cr from ₹818 Cr in Q1 FY25. This drop reflects softer market volumes and a decrease in transactional revenue. Profit Before Tax (PBT) decreased by 22.3% YoY to ₹304 Cr from ₹391 Cr in the same period last year, primarily due to higher employee and finance costs. Profit After Tax (PAT) stood at ₹231 Cr, down 21.1% YoY from ₹293 Cr, impacting overall profitability. Earnings Per Share (EPS) also dropped by 22.6% YoY, falling to ₹130.3 from ₹168.3 in Q1 FY25.</li><li>Operational Metrics (Q1 FY26 vs Q1 FY25): Operationally, the company faced headwinds. Operating margin compressed to 42% from 48% in Q1 FY25, while Net Profit margin declined to 32% from 36%. The company maintained a healthy Interest Service Coverage Ratio at 3.09x, relatively flat YoY. The debt-to-equity ratio improved to 2.59x from 3.40x, indicating better leverage management. However, the debtors turnover ratio remained subdued at 0.54x vs 0.49x in the same period last year, pointing to working capital pressure.</li><li>Strategic Developments: During the quarter, HDFC Securities allotted 32,262 equity shares under ESOPs and granted 17,250 stock options, reinforcing its employee retention strategy. The company paid an interim dividend of ₹100 per share, amounting to ₹177.7 Cr. A noteworthy event was the contribution from its wholly-owned GIFT City subsidiary (HDFC Securities IFSC Ltd), although the subsidiary posted a minor loss of ₹0.6 Cr this quarter. Despite the drop in revenue and profit, HDFC Securities remains financially stable. Its net worth increased to ₹3,432.5 crore, which is 11.4% higher than the same quarter last year, showing that the company has a strong financial base. It continues to manage its risks carefully, borrow responsibly, and retain a steady client base. These factors should help the company grow over the long term, although lower trading volumes and fee income may impact performance in the near future.</li></ul>

HDFC Securities Q1 FY26: Revenue and Profit Decline

HDFC Securities Reports Lower Profit in Q1 FY26

Lenskart, led by visionary&nbsp;<a target="_blank" href="https://www.planify.in/investors/peyush-bansal/">founder Peyush Bansal</a>&nbsp;has officially filed its DRHP for a ₹7,500–8,000 Cr IPO, including ₹2,150 Cr in fresh issuance. The omni-channel eyewear giant is eyeing a market cap of ₹70,000–75,000 Cr (~$8–9 Bn), making it one of the largest consumer tech <a target="_blank" href="https://www.planify.in/buy-pre-ipo/">IPOs in India</a>. Backed by Temasek, SoftBank, and ChrysCapital, this IPO reflects growing investor confidence in India’s direct-to-consumer (D2C) brands—especially those with strong offline reach, profitable growth, and global ambitions. This move signals a significant shift in how Indian consumers are embracing digital-first brands, especially in sectors traditionally dominated by brick-and-mortar stores. The key to Lenskart's success lies in its robust omnichannel strategy, blends with; <ul><li>Online convenience meets 2,500+ offline stores</li><li>Virtual try-ons &amp; at-home eye tests</li><li>Profitable growth with international presence </li></ul>The company's innovative use of technology, including virtual try-ons and home eye exams, further enhances customer engagement and accessibility, setting a benchmark for other D2C brands aspiring for scale. However, challenges such as intense competition, evolving consumer preferences, and the need for sustained profitability will remain critical factors influencing its long-term trajectory.

Lenskart DRHP Filed: Big IPO Ahead

The State Bank of India (SBI), India’s largest public sector bank, recently became the focal point of a ₹5.5 crore personal loan fraud, shaking investor confidence and putting a spotlight on the vulnerabilities within even the country’s most robust banking institutions. This incident is not just a case of financial malpractice; it raises critical questions about risk management, regulatory compliance, and the future of trust in India’s banking sector. Anatomy of the Fraud: How ₹5.5 Crore Vanished in Personal Loan Defaults​ The fraud reportedly involved the sanction and disbursal of personal loans falsely documented or granted without proper due diligence. This breach highlights lapses in credit appraisal and verification mechanisms. Personal loans, by their very nature, carry higher risk than secured loans given the absence of collateral, making thorough vetting essential. According to recent disclosures, certain branches under SBI’s purview approved large loan facilities without stringent background checks on borrowers. Fraudulent entities or individuals exploited procedural loopholes, masking their intentions to default once funds were disbursed. The fraudulent activities culminated in a bad loan exposure of ₹5.5 crore, which the bank has now classified as a non-performing asset (NPA). The Broader Implications for SBI and Indian Banking SBI’s brand recognition as the country’s banking pillar means this scandal has outsized repercussions. While the sum is probably a fraction of the financial institution’s universal loan book, the symbolic harm to customers' trust is huge. SBI caters to tens of millions of retail, business enterprise, and government clients, and incidents of fraud can fuel apprehensions around safety and governance. This event underscores numerous broader challenges: Credit Risk Management:&nbsp;The fraud demonstrates weaknesses in controlling credit risk, especially in personal loans, where verifying repayment capacity and background checks are paramount. Operational Controls:&nbsp;It points to gaps in internal controls and audit mechanisms that failed to flag irregular loan approvals in a timely manner. Regulatory Scrutiny: SBI now faces increased scrutiny from financial regulators like the Reserve Bank of India (RBI), which could lead to tighter compliance norms and periodic reviews. Investor Sentiment: The incident may temporarily have an impact on market confidence that dramatically presents shockwaves to regular customers impacting SBI’s stock overall performance and investor outlook amid an already risky macroeconomic backdrop. SBI’s Response: Investigations and Reforms Underway The bank’s management answered swiftly, starting up an internal study to track the basis motives and understand accountable personnel. By cooperating with regulation enforcement businesses, SBI aims to prosecute the culprits and get as much of the defrauded amount as possible. SBI has introduced superior due diligence protocols, collectively with stricter Know Your Customer (KYC) norms, digital surveillance of loan sanctioning tactics, and real-time verification mechanisms to plug such fraud within the future. Staff training packages are being intensified to reinforce ethical standards and vigilance. Moreover, SBI is accelerating its adoption of technology-driven credit risk models that make use of AI and massive and big data&nbsp; analytics for early fraud detection. These sophisticated equipment automate risk profiling and show unusual transactional behavior that could break out conventional audits. What Investors and Customers Should Know For stakeholders, the ₹5.5 crore fraud serves as a cautionary story and an opportunity to re-observe risk and safeguards with India’s banking place. For Depositors and Retail Customers The incident not only implies immediate threat to deposits, as SBI deposits are insured as much as ₹5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme. However, clients have to stay vigilant and screen their bills frequently for any anomalies. For Investors SBI, through specific function of its duration and government backing, is resilient however not proof against operational risks. This incident has to have an impact on short-term marketplace sentiment. Investors should look beforehand to the bank’s transparency in addressing the difficulty, restoration progress, and reinforcement of risk controls. For Regulators and Policymakers The fraud calls interest to chronic vulnerabilities in NBFCs and banks alike. RBI may also recollect stepped forward regulatory measures, particularly for unsecured lending, to guard systemic stability. Lessons From Previous Banking Frauds: A Pattern Emerges The SBI fraud is a part of a recurring narrative within the Indian banking landscape, wherein non-public and company mortgage frauds have periodically threatened regional stability. Years of statistics reveal that such incidents frequently stem from vulnerable governance, collusion, and old evaluation frameworks. Successful mitigation calls for: - Decentralizing decision-making authority with layered checks- Leveraging generation for real-time threat exams- Routinely education group of workers on fraud identity and ethics- Creating more potent whistleblower protections SBI’s sturdy and power bumper robust brand and government ownership showcased well and offer a layer of safety net, however accountability and systemic reforms stay critical to prevent recurrence. The Road Ahead Restoring confidence after and post-fraud can be a way hinged on SBI’s dedication to transparency and systemic strengthening. Public disclosures about the fraud’s specifics, the investigative outcomes, and easy steps closer to compensation are essential to uphold shareholder and public consideration and trust that makes the system credible. Simultaneously, SBI’s ongoing digitization journey can be an overall game-changer in fraud prevention. Blockchain for immutable transaction facts, AI for predictive danger fashions, and extra biometric-based KYC have the capacity to elevate operational obstacles for fraudsters dramatically. The Indian banking sector, led with the resources of institutions like SBI, need to embody the improvements at the same time as fostering a lifestyle of accountability and moral and ethical banking to stable the future of financial offerings. Final Thoughts The ₹5.5 crore personal loan fraud case towards SBI is a wake-up call that even the most powerful banks are vulnerable to breaches. It is a reminder and surged indicator to institutions like these prominent banks that growth and technological advancements in banking need to go hand in hand with vigilant risk management and established governance. As SBI navigates this disaster and ongoing crisis, how transparently and decisively it acts will impact not just on its own reputation and &nbsp; brand popularity but also form public confidence in India’s financial system. For customers, investors, and regulators alike, the focal point should now shift toward analyzing from this lapse and strengthening defenses to ensure Indian banking’s resilience in an increasingly more complicated financial landscape. This recent case underscores the need of balancing rapid credit expansion and growth with impeccable control frameworks—exceptional then can India’s banking sector appropriately fuel the country’s economic aspirations without compromising trust.

The State Bank of India (SBI), India’s biggest public sector bank, nowadays became the focus of a ₹5.5 crore based on personal loan fraud, shaking investor confidence

Unveiling the ₹5.5 Crore Personal Loan Fraud at SBI

The National Securities Depository Ltd (NSDL) is launching its Initial Public Offering (IPO) from July 30th to August 1st, 2025, aiming to raise ₹4,011.60 crore. This entire public offer is structured as an Offer For Sale (OFS), meaning existing shareholders are selling their shares. The company has set the price band at ₹760 to ₹800 per equity share, with lot size comprising 18 shares, making it accessible for investors looking to participate in India's financial market infrastructure. Market sentiment ahead of the IPO appears robust, with the Grey Market Premium (GMP) for <a target="_blank" href="https://www.planify.in/research-report/nsdl/">NSDL shares</a> currently standing at ₹137. This premium suggests a potential listing gain of around 17% for investors, indicating strong demand and positive expectations for the company's performance post-listing. Even though the IPO is priced about 22% below its unlisted market value (~₹1,025), the popular pricing and robust demand point to strong investor confidence. Institutional shareholders like SBI, NSE, HDFC Bank and IDBI—some of whom bought shares decades ago for ₹2–₹12—stand to gain massive multiples, with returns projected up to 39,900%. NSDL's financial health also presents a compelling picture. As of March 31, 2025, the company boasted a Return on Equity (ROE) of approximately 17.10% and a Return on Capital Employed (ROCE) of nearly 22.70%. Its strong operational efficiency is further evidenced by margins around 22.35% and EBITDA margins close to 24%. These financial metrics, coupled with a price-to-book value of around 8, underline NSDL's fundamental strength as it prepares to enter the public market.

The National Securities Depository Ltd (NSDL) is launching its Initial Public Offering (IPO) from July 30th to August 1st, 2025, aiming to raise ₹4,011.60 crore.

NSDL Files IPO at ₹760–₹800: Valuation 22% Below Unlisted Price, Yet GMP Signals Strength

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