Day: April 25, 2025

The primary investors are set to remain engaged next week as Initial public offering (IPO) activities gains momenutm after a brief hiatus. In the mainline segment, Ather Energy IPO is scheduled to open for public subscription on Monday, April 28, 2025, marking the end of the ongoing lull that has persisted for nearly two months. Activity in the Small and medium enterprises (SME) segment is also expected to pick up, with three new public offerings set to open, and one scheduled to make its debut on D-Street.

Here are the complete details of IPO activities scheduled for next week, from Monday, April 28, 2025, to Friday, May 2, 2025:

Mainboard IPO next week

Ather Energy IPO: The public offering of Ather Energy is scheduled to open for subscription on Monday, April 28, 2025, and close on Wednesday, April 30, 2025. At the upper end of the IPO price band, the company seeks to raise ₹ 2,980.76 crore from the public issue.

Saraswati Saree Depot is offering a fresh issue of 81.8 million shares and an offer for sale of 11.1 million shares of the company, with a face value of ₹1 apiece. The IPO will be available with a price band of ₹304-321 and a lot size of 46 shares. Accordingly, investors can bid for a minimum of 46 shares and in multiples thereof. A retail investor would require a minimum of ₹14,766 to bid for one lot, and ₹1,91,958 to bid for a maximum of 13 lots or 598 shares.

The company’s shares are likely to be allotted on Friday, May 2, 2025, while they will reflect in the demat account on Monday, May 5, 2025. Ather Energy shares are scheduled to list on BSE and NSE on Tuesday, May 6, 2025.

SME IPOs next week:

From the SME segment, Tankup Engineers, whose IPO closes for subscription today, will make its debut on the NSE SME next week. The basis of allotment of the company’s shares is to be finalised tentatively on Monday, April 28, 2025.

Tankup Engineers’ shares are scheduled to list on the NSE SME tentatively on Wednesday, April 30, 2025. 

Besides this, the segment is also set to witness the launch of three new offerings from Iware Supplychain Services, Kenrik Industries, and Arunaya Organics. Among them, Iware Supplychain Services IPO will open for subscription on Monday, April 28, 2025, and close on Wednesday, April 30, 2025. 

Meanwhile, Kenrik Industries IPO, and Arunaya Organics IPO will open for subscription on Tuesday, April 29, 2025, and close on Friday, May 2, 2025.

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Markets expect an escalation in India – Pakistan tensions following the attack on civilians in Pahalgam, but a full-fledged war between the neighbouring countries is ruled out at this stage, suggest analysts. 

The markets, according to U R Bhat, co-founder & director, Alphaniti Fintech, are quite nervous after the developments in Pahalgam. The markets, he said, had gone up sharply from their recent fall that was triggered by US tariff fears. Investors, Bhat believes, are booking profit now and preferring to wait on the sidelines till there is clarity on the India – Pakistan geopolitical situation. 

“Investors are nervous due to the developing geopolitical situation with Pakistan after the Pahalgam attack. Markets expect an escalation in the tensions between India and Pakistan, and there is no doubt about this. Now, how and how fast will India retaliate to the developments is anybody’s guess. Given this, investors are keeping their positions light,” Bhat said.

In the aftermath of the Pahalgam attack that left 26 dead earlier this week, India has launched a series of retaliatory measures targeting Pakistan’s diplomatic and strategic interests, which includes expulsion of Pakistani military attachés, closing the Attari border, and suspending the Indus Waters Treaty. 

Pakistan Army troops, according to reports, opened fire at multiple locations along the Line of Control (LoC) in Jammu and Kashmir on Thursday night.

At the bourses, meanwhile, the Sensex lost over 800 points in intraday deals to hit a low of 78,797 levels on Friday. From a level of 78,017.19 on March 25, 2025, it had tanked 6,592 points, or 8.4 per cent, to 71,425 on April 7, 2025 on tariff fears.

The 90-day push-back on tariffs by US president Donald Trump triggered a rally in the markets and took the Sensex 8,829.55 points, or 12.4 per cent higher to 80,254.55 levels by Wednesday, April 23.

Lessons from history

Historically, equity markets have generally seen a knee-jerk reaction on account of geopolitical risks in the near-term, but have found their feet soon. 

The Kargil confrontation between India and Pakistan, for instance, saw a sharp market correction in mid-1999. However, the markets rallied sharply as realisation dwelled that the conflict would not last long.

The recent developments between India and Pakistan, said G Chokkalingam, founder and head of research at Equinomics Research, are likely to keep the markets on the edge with chances of a further fall from here on amid volatility. 

“While investors should remain cautious and monitor the developments, there is not much need to panic at this stage. A full-fledged war is ruled out, but tensions, the markets feel, between India and Pakistan will rise. The markets should be able to live with that and will eventually bounce back, as seen in the past as well. As an investment strategy, investors should buy the dips from a long-term perspective. I am bullish on the banking sector,” Chokkalingam said.

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SBI Cards and SBI Life stocks displayed an opposite trend post Q4 results. SBI Card stock plunged over 5 per cent in intra-day deals on Friday, while SBI Life Insurance shares rallied as much as 10 per cent. SBI Cards reported a 19 per cent decline in net profit at ₹534 crore for the quarter ended March 2025, as against ₹662 crore in the year ago period. Total income, however, grew by 8 per cent year-on-year (YoY) to 4,832 crore. Meanwhile, SBI Life posted a flat growth in net profit ₹813.50 crore; while its renewal premium increased by 12.9 per cent YoY to ₹14,680.30 crore. Post the stock reactions to the Q4 earnings, here’s a trading guide for these two stocks. SBI Cards & Payments (SBI Cards) Current Price: ₹868 Upside Potential: 7.2% Downside Risk: 8.5% Support: ₹848; ₹828 Resistance: ₹882; 899 Prior to Friday’s fall, SBI Cards has rallied 18 per cent from a low of ₹764 to a high of ₹931. At present levels, the stock is seen testing support around the 38.2 per cent retracement of its recent rally. Below which, support for the stock can be anticipated around 50 per cent and 61.8 per cent retracements levels at ₹848 and ₹828, respectively. The ₹848 support coincides with the super trend line support on the daily chart. Technically, break and sustained trade below the same could signal a likely weak bias going ahead. As such, the stock can potentially drop back to test its 100-Daily Moving Average (100-DMA) around ₹794 levels.

On the positive front, in case, the stock respected the super trend line support, it can attempt a pullback towards its recent highs around ₹930 levels. Near hurdles for the stock stand at ₹882 and ₹899 levels.

SBI Life Insurance Current Price: ₹1,676 Upside Potential: 16.5% Downside Risk: 8.7% Support: ₹1,663; ₹1,620; ₹1,581 Resistance: ₹1,760; 1,812; ₹1,850 SBI Life zoomed to a high of ₹1,762, but at present has reversed most of its intra-day gains amid a fall in the broader market. The stock, however, continues to trade above the bullish pivot, which stands at 1,663. As long as the stock holds above the same, the stock can potentially continue to trade with a favourable bias. On the upside, the stock can surge to ₹1,952 levels, with interim resistance likely around ₹1,760, ₹1,812 and ₹1,850 levels. On the flip side, in case, the stock violated the ₹1,663 support, it can fall back to test support around its 200-DMA at ₹1,581, or deeper down ₹1,555 levels. Intermediate support for the stock stands at ₹1,620 levels.

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