Upcoming NFOs: Opening From Jan 15, 2025

Investing in New Fund Offers (NFOs) can be an attractive opportunity for investors looking to diversify their portfolios and tap into emerging market trends. NFOs, which are essentially mutual funds making their debut in the market, present a chance to invest in a fund from the very beginning, often at a lower price.

However, like any investment, NFOs come with their own set of risks and rewards. In this blog, we’ll explore upcoming NFOs fortnightly.

New Fund Offer Open Date Close Date Min Investment (₹)
Union Short Duration Fund 15-Jan 28-Jan 1,000
SBI Nifty Bank Index Fund 16-Jan 27-Jan 5,000
Baroda BNP Paribas Energy Opportunities  Fund 21-Jan 4-Feb 1,000
LIC MF Multi Asset Allocation Fund 24-Jan 7-Feb 5,000
Edelweiss Consumption Fund 31-Jan 14-Feb 100

Overview of Upcoming NFOs

Union Short Duration Fund: Union Short Duration Fund is an actively managed scheme to provide reasonable returns and liquidity by investing in a range of debt and money market instruments while maintaining the balance of safety, liquidity and returns. There is no assurance that the investment objective of the Scheme will be achieved.

SBI Nifty Bank Index Fund: SBI Nifty Bank Index Fund will be launched to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.

Baroda BNP Paribas Energy Opportunities Fund: This is an open-ended scheme that invests in energy-related companies. The fund aims to provide long-term capital appreciation.

LIC MF Multi Asset Allocation Fund: This scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments, debt & money market instruments and units of Gold Exchange Traded Funds (ETFs)

Edelweiss Consumption Fund: This thematic category scheme aims to achieve long-term capital growth by primarily investing in equity and equity-related securities, with an emphasis on companies involved in consumption and related sectors or allied industries.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

Shanti Gold Filed DRHP with SEBI to Raise Funds Via IPO

Shanti Gold International Limited, a Mumbai-based gold jewellery manufacturer has filed its Draft Red Herring Prospectus (DRHP) with the capital market regulator, the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The company specialises in the gold jewellery industry and aims to leverage this offering for its expansion and working capital requirements.

The company has appointed Choice Capital Advisors Private Limited as the lead manager while Bigshare Services Private Limited as the registrar to the issue. Post IPO process, Shanti Gold shares will be listed on BSE and NSE.

Shanti Gold IPO Details

Shanti Gold IPO is entirely a fresh issue of 1,80,96,000 equity shares with a face value of ₹10. This upcoming IPO will be conducted through the book-building process, with the net issue allocation as follows:

  • 50% of the issue will be reserved for Qualified Institutional Buyers (QIBs) on a proportionate basis
  • 15% will be allocated to non-institutional bidders
  • 35% will be reserved for retail individual bidders

Use of IPO Proceed

The company proposes to use the net proceeds for the following objects:

  • Funding of capital expenditure requirements towards setting up the proposed Jaipur Facility
  • Funding working capital requirements.
  • Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
  • General corporate purposes.

About Shanti Gold International Limited

Incorporated in 2013, Shanti Gold International Limited is one of the leading manufacturers of high-quality 22kt CZ casting gold jewellery, in terms of installed production capacity. The company specialises in the design and production of all types of gold jewellery. The company operates a fully integrated in-house manufacturing setup, which enables the business to exercise control over the quality of products and meet the standards expected by its customers

The company has shown steady growth in its financial performance:

  • Revenue from Operations: Increased by 4.71% from ₹679.40 crore in FY 2023 to ₹711.43 crore in FY 2024, and ₹505.90 crore for the 6 months ending September 30, 2024.
  • Profit After Tax (PAT): Increased by 35.57% from ₹19.81 crore in FY 2023 to ₹26.87 crore in FY 2024, and ₹18.25 crore for the six months ending September 30, 2024.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SEBI’s New Update: Promotion of Dematerialisation of Securities

The capital market regulator, the Securities and Exchange Board of India (SEBI) has released a new proposal to promote the dematerialisation (demat) of securities. Under the new proposal, all the listed companies are required to issue securities exclusively in demat form following corporate actions such as stock splits, share face value consolidations, mergers, or demergers.

In cases where an investor does not have a demat account, SEBI’s proposal mandates that issuing companies open a separate demat account for the investor, with an appropriate ledger of ownership or a suspense escrow account for managing such securities.

SEBI’s Objective

The benefits of dematerialisation are significant, including reduced risk of fraud and forgery, prevention of loss or damage to securities, faster and more efficient transfers, enhanced transparency and regulatory oversight, decreased legal disputes, and cost savings for both investors and companies.

Despite these advantages, some investors still hold securities in physical form. While it remains legally permissible to do so, such investors can only sell or transfer their securities once they are dematerialized.

To further encourage the shift to demat holdings and prevent the issuance of new physical securities, SEBI has proposed that existing physical certificates be converted into demat form, with no new physical certificates being created.

SEBI has invited public comments on the proposals until February 4.

Amendment to SEBI (LODR) Regulations, 2015

“In order to achieve the objective as stated… It is proposed to amend SEBI (LODR) Regulations, 2015 to mandate the issuance of securities only in Demat form in case of sub-division/split/consolidation of the face value of securities and scheme of arrangement to encourage demat holding of securities,” the regulator said.

Additionally, the regulator has proposed modifications to certain provisions of LODR (Listing Obligations and Disclosure Requirements) norms. This includes the requirement of maintaining the “proof of delivery” relating to the intimation of “minor difference in the signature” and major difference in signature or non-availability of the signature should be omitted.

Open a Demat account today and gain easy access to your stocks and securities. Get started now with a trusted platform for seamless trading and secure investments!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Adani Green Energy Shares Rise for 2nd Consecutive Day: Released 9MFY25 Business Update

On January 15, 2024, Adani Green Energy shares rose ~4% and touched the day high of ₹1,080.00 at 11:30 AM. The gain in Adani Green Energy shares came after the company released its provisional update for the nine months ended December 31, 2025. Furthermore, the increase in Adani Green Energy shares follows the previous day’s gain of ~13%.

Adani Green Provisional Update for 9M FY25

Adani Green Energy has seen a significant 37% year-on-year increase in its operational capacity, reaching 11,609 MW, with notable greenfield additions of 2,693 MW in solar and 438 MW in wind power plants. The company’s energy sales rose by 23% year-on-year, totalling 20,108 million units in the first nine months of FY25, driven by strong capacity growth.

Over the past four years, Adani Green Energy has demonstrated steady generation growth with a compound annual growth rate (CAGR) of 49%, accompanied by an increasing share of merchant power.

Signing of PPA For Solar Capacity Utilisation

The company has consistently exceeded its power generation commitments under Power Purchase Agreements (PPAs), with solar portfolio capacity utilization factor (CUF) at 23.5%, wind portfolio CUF at 29.2%, and hybrid portfolio CUF at 39.8%, all supported by high plant availability rates—99.4% for solar, 95.0% for wind, and 99.7% for hybrid. Additionally, Adani Green Energy has signed a long-term 25-year PPA with MSEDCL to supply 5 GW of solar power, further solidifying its commitment to sustainable energy expansion.

The company is optimistic about a significant greenfield RE capacity addition of 3.1 GW demonstrating unprecedented speed & scale of execution.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Waaree Renewable Shares Extended Gains For Second Straight Day: Rose 8% Intraday

On January 15, 2025, Waaree Renewables share price extended the gains for the 2nd straight day with a rise of ~10% in the morning trade and touched the day high of ₹1,297.95 at 10:35 AM after opening at ₹1,158.30 on BSE. The gain in Waaree Renewables share price follows the previous day’s gain of ~18%. With these substantial gains, the shares of Waaree Renewables rose 28% cumulatively in the last 2 trading sessions.

Waaree Renewable Dividend

  • Waaree Renewables has recently announced that it will consider the declaration of interim dividend to the equity shareholders along with fixing of record date in the Board Meeting, scheduled for January 16, 2025.
  • During the board meeting, the company would also consider and approve the results for the quarter and nine months ended December 31, 2025.

Waaree Renewable Operational Updates

On November 27, 2024, Waaree Renewable announced that it had received a term sheet for the execution of Engineering, Procurement and Construction (EPC) works for Ground mount Solar PV project of 2012.47 MWp DC capacity.

During 1HFY25, revenue reached ₹760.82 crores, compared to ₹279.00 crores during the same period in H1FY24, marking a growth of 172.70% YoY. EBITDA for H1FY25 increased by 155.56%, rising from ₹44.08 crore in H1FY24 to ₹112.65 crore. The EPC segment delivered an outstanding performance, generating customer billing of ₹ 583.36 crores for a volume of 528.56 MWp, up from ₹141.09 crores for a volume of 169.59 MWp.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

PSB Stake Sale: Bank of Maharashtra, UCO Bank and IOB Shares Slipped Heavily

On January 15, 2025, the public sector banks such as Bank of Maharashtra, Punjab & Sind Bank, Indian Overseas Bank, UCO Bank and Central Bank of India traded lower after the Government’s divestment plan in these public sector banks as mentioned in various news reports.

Objective of Divestment

As per news reports, the government has approved a fund raising plan to the tune of ₹10,000 crore for five state-run lenders through the Qualified Institutional Placement (QIP) route.

With this move, the government aims to comply with the 25% minimum public shareholding requirement for these PSU banks by August 2026. These state-owned lenders fall under the administrative control of the Department of Financial Services.

Government’s Holding in PSBs

As of the end of the December quarter, the government holds a 79.6% stake in Bank of Maharashtra, 98.25% in Punjab & Sind Bank, 96.38% in Indian Overseas Bank (IOB), 95.39% in UCO Bank, and 93.08% in Central Bank of India, according to the latest shareholding data from BSE.=

On January 15, 2025, the Bank of Maharashtra share price traded 4.24% lower at 10:15 AM and touched the day low of ₹49.90 after opening at ₹51.50 on BSE. Punjab & Sind Bank shares slipped 5% in morning trade. The other 3 lenders, IOB share price, UCO Bank share, and Central Bank shares slipped 8% each.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Last Day to Active UAN Under ELI Scheme? Check If You Missed

Hurry, it is the last day to activate the Universal Account Number (UAN) and link Aadhaar to bank accounts under the Employment Linked Incentive (ELI) scheme. EPFO has set January 15, 2025, as the last date. It is crucial for employers to prioritise UAN activation and Aadhaar linkage, especially for employees hired in the current financial year.

Importance of UAN Activation 

Activating the UAN is essential to accessing a range of online EPFO services. A UAN, which is a 12-digit number assigned to eligible employees, allows users to:

  • Withdraw EPF funds online
  • Check EPF balance
  • Update contact details

What is the ELI Scheme?

The ELI scheme aims to encourage formal-sector employment and facilitate direct benefit transfers (DBT) to employees’ Aadhaar-linked bank accounts. To be eligible for these benefits, employees must have both an activated UAN and an Aadhaar-seeded bank account.

How to Activate UAN Online?

New EPF members can activate their UAN online by following these steps:

  1. Visit the official EPFO Member Sewa portal.
  2. Click on the ‘Activate UAN’ link under ‘Important Links.’
  3. Provide required details such as UAN, Aadhaar number, date of birth, and Aadhaar-linked mobile number.
  4. Agree to Aadhaar OTP verification and request the authorisation PIN.
  5. Enter the OTP received on the registered mobile number to complete activation.

Read More About How to Login UAN Online?

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Sula Vineyard Shares Rose Over 3%: Recorded Highest Ever Own Brand Revenue in Q3 FY25

Sula Vineyard share price rose over 3% and touched the day high of ₹389 at 09:20 AM, after opening at ₹382.05 on BSE. The gain in Sula Vineyard shares came after the company reported a sales update for the Q3FY25, wherein, it reported its highest-ever own brands revenue of ₹194.7 crore, reflecting a rise of 1% YoY.

Highest Ever Wine Tourism Revenue

In addition, the Wine Tourism revenue soared 11.5% to ₹16.4 crore. The wine tourism business demonstrated strong momentum recording highest ever Q3 revenue, led by higher spend per guest and strong occupancy rates.

Upcoming SulaFest in Q4FY25

The company further added that the Elite & Premium portfolio recorded a 6% YoY growth, backed by a strong double-digit growth in iconic brands – The Source and RASA. The company is eagerly anticipating the return of SulaFest in Q4, with growing excitement and strong advance ticket sales. This year’s edition will showcase some of India’s most popular artists, such as Divine, Ritviz x Karan Kanchan, Oaff & Savera, When Chai Met Toast, Dualist Inquiry, and Madboy/Mink. Additionally, the Sula cans will make their debut at SulaFest ’25.

Sula Vineyard Q2FY25 Highlights

Q2 FY25 was a subdued quarter for Sula Vineyard, impacted by a slowdown in consumer discretionary demand, especially in urban areas where 90% of its sales are concentrated, along with temporary disruptions in key markets like Karnataka and Delhi. However, its Elite & Premium portfolio performed well, achieving a 7% YoY growth, driven by strong double-digit growth in its flagship brands—The Source, RASA, and Dindori.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Hathway Cable Shares Dropped Over 2%: Net Profit Slipped 39% in Q3FY25

Hathway Cable & Datacom Ltd, a cable television distribution company, reported a YoY fall of ~39% in net profit for the third quarter ending December 31, 2024, posting ~₹13.6 crore compared to ~₹22.4 crore in the same period last year.

Hathway Q3FY25 Operational Performance

The company’s revenue from operations rose 1.3% to ₹511.2 crore, up from ₹504.6 crore in the year-ago quarter. At the operating level, EBITDA increased by 1.3% to ₹83.1 crore for Q3 FY25, compared to ₹82.1 crore in Q3 FY24. The EBITDA margin remained stable at 16.3% in the reporting quarter.

Acquisition of Hathway Cable MCN Nanded

In November 2024, Hathway Cable & Datacom completed the acquisition of the remaining 61.15% equity stake (20,54,832 shares) in Hathway Cable MCN Nanded Private Limited (“Hathway Nanded”) from existing shareholders, including its subsidiary Hathway MCN Private Limited, for a nominal cash consideration of ₹11. This acquisition consolidates business operations, and as a result, Hathway Nanded has become a wholly owned subsidiary of the company.

About Hathway Cable & Datacom Ltd

Hathway Cable & Datacom provides cable television services through its wholly-owned subsidiary, Hathway Digital Private. The company holds a pan-India ISP licence and was the first cable TV provider to offer high-speed broadband services. On January 15, 2024, Hathway Cable Shares opened at ₹ 15.01 and touched the day low of ₹14.80 at 09:20 AM.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Stocks That Hit Circuit Limits On January 14, 2025, Suzlon, NTPC Green and More

On January 14, 2025, the Indian stock market recorded a bounce back after witnessing heavy selling in the previous trading session. The BSE Sensex closed 0.22% higher at 76,499.63, while Nifty50 rose 0.39% to 23,176.05. During the session, many stocks, including EPACK Durable, NTPC Green and Shakti Pumps hit circuit limits, indicating significant price movements. Here is the list of stocks hitting lower and upper circuits today.

Stocks That Hit Lower Circuit on January 14, 2025

Company Name LTP (₹) % Change Price Band % Volume (Lakhs) Value (₹ Crores)
Shakti Pumps (India) 1,159.00 -4.53 5 29.19 338.79
EPACK Durable 523.00 -3.16 5 33.27 172.32
KPI Green Energy 421.35 -3.36 5 33.39 139.57
ITI Ltd 410.00 -2.52 5 9.89 40.19
Transformers & Rectifiers 1,037.50 -2.48 5 3.90 39.72

Stocks That Hit Upper Circuit on January 14, 2025

Company Name LTP (₹) % Change Price Band % Volume (Lakhs) Value (₹ Crores)
Adani Power 539.85 19.99 20 511.11 2,652.65
Suzlon 57.17 5 5 410.43 232.51
NTPC Green 120.98 9.99 10 168.70 196.80
IDBI 79.48 19.99 20 234.19 172.99
Indian Overseas Bank 54.34 19.56 20 255.80 132.27

Overview of Companies Hitting Circuits Today

Shakti Pumps

On Jan 14, 2025, Shakti Pumps shares hit a lower circuit of 5% and reached the day low of ₹1,159.00 on NSE after opening at ₹1,215.80.

EPACK Durable 

EPACK Durable shares reached a 5% lower circuit ceiling on January 14, 2025. During the day, the shares of EPACK Durables touched the day high of ₹513.05.

Adani Power

Adani Power shares hit an upper circuit of 20% and reached the day high of ₹539.85 after opening the trading session at ₹460.00 on NSE on Jan 14, 2024.

Suzlon Energy Ltd

Suzlon Energy shares reached the day high of ₹57.17, after hitting a 5% upper circuit limit on January 14, 2024. The shares of Suzlon Energy opened at ₹55.20 on NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.