Sector-wise update for June 20, 2025

Market & Macro Overview
• Muted Open Likely: GIFT Nifty futures at ~24,778, aligned with softer Asian markets amid ongoing Middle East tension
• Commodity & FX Pressures: Brent crude hovering between $76–80/bbl, pushing the rupee toward ₹86.48/USD; gold and safe-haven flows gaining traction .
• Bond Yields Steady: Indian 10-year G-Sec yields remain range-bound at ~6.26–6.29% .

Financial Services & Banking
• SBI Unit IPO: HDB Financial Services preparing a massive ₹12,500 Cr IPO, with anchor deal pricing at ₹700–740/sh (offers open June 25–27)
• Global IPO Trends: Asia-Pacific IPO volumes up 28% YOY to $16.8B, while global listings decline—India remains a bright spot reuters.com.

Capital Markets & Public Issues
• Aakaar Medical Technologies (Medical Devices ) IPO launches today (₹27 Cr IPO; subscription open till June 24; NSE SME listing scheduled June 27)
• HDB Financial Services (NBFC)
• IPO Size: ₹12,500 Cr (₹10,000 Cr OFS + ₹2,500 Cr fresh issue)
• Price Band: ₹700–740/share
• Subscription Window: June 25–27
• Ellenbarrie Industrial Gases
• Size: ₹852.5 Cr
• Price Band: ₹380–400/share
• Subscription Window: June 24–26
• Safe Enterprises Retail Fixtures (SME – Retail Infra)
• Size: ₹169.7 Cr
• Price Band: ₹131–138/share
• Subscription Window: June 20–24
• NSE SME listing slated for June 27)
• Mayasheel Ventures (SME – Infrastructure Services)
• Size: ₹27.3 Cr
• Price Band: ₹44–47/share
• Subscription Window: June 20–24
• Capillary Technologies (Customer Loyalty SaaS)
• ₹430 Cr DRHP filed (fresh + OFS)
• Price Band: TBD

Key QIPs
• Kaynes Technology
• ₹1,600 Cr QIP opened
• Floor Price: ₹5,625.75/share
• United Spirits
• Acquired majority stake in NAO Spirits for ₹130 Cr

Pharma & Healthcare Insights
• Natco Pharma
• USFDA inspection at Hyderabad plant issued seven Form-483 observations
• Sai Life Sciences
• TPG Asia to offload 6% stake via block deal (₹887.8 Cr)
• Floor Price: ₹710/share (~2.5% discount)
• Biocon
• Closed ₹4,500 Cr QIP—finalized allocation of 13.63 Cr shares at ₹330/share
• Investors included key Indian mutual funds and institutions
Contracts & Orders
• ITD Cementation
• Secured two new contracts totaling ₹960 Cr
• GMMP Faudler
• Signed ₹330 Cr tie-up for acid recovery equipment with European client
• TD Power Systems
• Won ₹67 Cr export order for traction motor components (2026–27 delivery)
• JSW Infrastructure (Jaigarh Port)
• MoU signed with Konkan Railway to support Bhoke Railway Siding development

Industrial & Tech Partnerships
• Axiscades Technologies
• MoU with Aldoria (Europe) for Space Surveillance and Situational Awareness (SSA)
• Brigade Enterprises (BuzzWorks)
• Expanded coworking space footprint in Hyderabad—24,000 sq ft leased

Infrastructure & Construction
• ITD Cementation secured ₹960 Cr in contracts reuters.com.
Manufacturing & Industrial Goods
• Mastek launched its ADOPT.AI enterprise AI suite reuters.com.
• Nestlé India hinted at issuing bonus shares at its upcoming Board meeting on June 26

Technology & Digital
• Amazon Investment: Committed $233 M to its Indian operations for infrastructure, tech, and fulfillment upgrades reuters.com.

Automobile & Auto Components
• EV Sector Alert: China’s rare earth export restrictions risk disrupting India’s EV build-out (magnet supply dependency)

Policy & Economy
• Geopolitical Stress: Israel–Iran escalation driving volatility and weight on global risk assets.
• Domestic Support: Continued institutional buying – DIIs net bought ~₹11.13 bn on June 19—the 23rd day of inflows  

Investor Insights
• IPO fever remains strong: SME offerings like Safe Enterprises and Aakaar Medical denote sustained investor appetite. Watch HDB Financial’s mega-issue next week.
• Tech, infra, and staples: Mastek’s AI launch, Nestlé bonus share signal highlights across crucial sectors.
• Macro-geopolitics: Oil volatility and trade tensions require hedging strategies; safe assets and gold drawing attention.
• Capital markets resilient: FII return (₹1,008 Cr inflow) and dip in risk tone validate structural support despite QE headwinds (Fed, crude, trade).

Investor Insights
1. Strong issuance pipeline: ₹15,000+ Cr worth of IPOs in the coming week across sectors (NBFC, infra, industrial gases, SME tech, and loyalty SaaS)
2. SME IPO momentum: Safe Enterprises, Aakaar, and Mayasheel testing investor appetite—early signs positive.
3. Anchor and GMP traction: Institutional bids seen in Ellenbarrie (₹427–428/share anchor), while Safe Enterprises pricing aligns with SME valuations.
4. NIfty watchers should monitor: HDB Financial’s listing sentiment likely to influence sector sentiment and NBFC valuations next week.
5. Platform evolution: Capillary’s IPO will mark a key moment for loyalty SaaS in public markets.

Investor Takeaways
• A surge of IPO activity across NBFC, SME, industrial, and SaaS sectors could lift market participation.
• Kaynes’s QIP highlights activist/private equity interest in electronics manufacturing.
• Block deals and QIPs (United Spirits, Biocon) show capital market strength in large-cap and strategic plays.
• Tech and industrial contract wins signal continued demand in infrastructure and manufacturing sectors.
• Pharma companies face regulatory scrutiny (Natco) or raise funds (Biocon); investors should watch for botched inspections or allocation dilution.

Next Steps for Investors:
• Track anchor bidding (Ellenbarrie, Capillary) for institutional demand signals.
• Monitor SME IPO subscriptions closely—strong early interest may indicate listing gains.
• Watch HDB Financial’s impact on NBFC sentiment post-opening next week.
• Consider sector exposure: NBFC, infra-tech, and SaaS are now active IPO plays.

Sources -Media news publications and portals .