WEALTH MANAGEMENT
To unlock India¡¯s potential, why curb on risky derivatives, investing in passive funds are the ways to go, explains Dinesh Thakkar of Angel One
Passive funds are better fit for retail investors because, unlike active funds, they are not heavily reliant on fund managers for generating returns. Along with passive mutual funds, stricter regulation against futures and options only serves to benefit the retail investors in the long run, Dinesh Thakkar tell ET Wealth.
Senores Pharmaceuticals collects Rs 261 cr from anchor investors
Senores Pharmaceuticals Ltd on Thursday said it has secured nearly Rs 261 crore from anchor investors, ahead of its initial share-sale opening for public subscription.
Senores Pharmaceuticals sets price band at Rs 372-391 for Rs 582 crore IPO. Check details
Ahmedabad-based Senores Pharmaceuticals is set to launch its IPO on December 20, with a price band of Rs 372-391. The issue includes a fresh equity sale of Rs 500 crore and an offer for sale of 21 lakh shares, totaling Rs 582 crore at the upper end. Bids can be made for a minimum of 38 shares, with 75% reserved for institutional buyers.
Aye Finance files draft papers for Rs 1,450 crore IPO
The A91 Partners and Google¡¯s CapitalG-backed company filed a draft red herring prospectus with the Securities and Exchange Board of India. Through the IPO, A91 Partners, CapitalG and Alpha Wave will be selling their stake. After Paytm, PolicyBazaar and MobiKwik, Aye Finance is set to become the fourth technology-backed financial services company to go public.
Mili secures $2 million in funding led by Chiratae Ventures, BoldCap
The funding round was led by early-stage venture capital firms Chiratae Ventures and BoldCap. The funds will be used to strengthen and accelerate the product by expanding customisation capabilities, enhancing integrations, scaling partnerships and hiring talent. Mili, a meeting assistant for wealth management firms, offers advanced meeting documentation software that helps wealth management firms streamline their workflows.
NBFC player Aye Finance files draft papers with Sebi for Rs 1,450-cr IPO
Aye Finance, a non-banking financial company, has filed draft papers with the markets regulator Sebi to raise Rs 1,450 crore through its Initial Public Offering (IPO).
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Senores Pharmaceuticals IPO to open for bidding on December 20. Check details
Senores Pharmaceuticals is launching its IPO on December 20. The issue comprises a fresh issue of Rs 500 crore and an OFS of 21 lakh shares. The proceeds will be used for capex, debt repayment, working capital, and inorganic growth.
It took ages to build, but these founders gained Rs 37,716 cr wealth within a year of IPOs
A new study reveals that owner-managed companies are leading value creation after IPOs. In FY23 and FY24, 167 out of 169 newly listed NSE companies were founder-led. Promoters' holdings surged by Rs 37,716 crores within a year of listing, demonstrating investor confidence in their leadership and long-term vision. The manufacturing sector emerged as the biggest wealth generator.
Anand Rathi Share and Stock Brokers files draft papers with Sebi for Rs 745-cr IPO
Anand Rathi Share and Stock Brokers has filed for an IPO. The company aims to raise Rs 745 crore. The IPO comprises fresh shares. Proceeds will fund working capital and corporate needs. The firm offers broking and financial product distribution. Its revenue and profit increased in fiscal 2024. The company plans to list on NSE and BSE.
Dental products firm Laxmi Dental gets Sebi's go ahead to float IPO
Laxmi Dental Ltd has received approval from Sebi for its IPO, comprising a fresh issue of ?150 crore and an OFS of 1.28 crore shares. Proceeds will fund subsidiary investments, machinery purchases, debt repayment, and general corporate purposes. A pre-IPO placement of ?30 crore is also being considered.
DAM Capital Advisors IPO price band fixed at Rs 269-283. Check GMP, other details
DAM Capital Advisors' IPO opens on December 19, with a price band of Rs 269-283, aiming to raise Rs 840.25 crore. The issue is an offer-for-sale, closing on December 23.
DAM Capital Advisors IPO to open for subscription on December 19; Price band to be fixed tomorrow
The initial public offering (IPO) of DAM Capital Advisors, led by veteran investment banker Dharmesh Mehta, will open for subscription on December 19. This marks the first-ever public issue by a pure-play boutique investment bank in India.
Capital markets poised for expansion; Nuvama, Nippon Life AMC could give 16-27% return
India's capital markets are booming, with demat accounts and SIP flows surging. Despite low penetration compared to global benchmarks, the expanding workforce and digital advancements fuel growth potential. AMCs, brokers, and wealth managers are poised for robust expansion, driven by innovation and regulatory changes. Nuvama and Nippon Life are highlighted as attractive investment opportunities within this thriving landscape.
Nuvama Wealth shares fall 5% as Edelweiss likely sold stake in Rs 2,100 crore block deal
Nuvama Wealth share price: Nuvama Wealth's shares dropped 5% following a massive Rs 2,100 crore block deal. 30 lakh shares, representing 8.4% equity, were sold. Edelweiss Group is believed to be the seller. The buyer remains undisclosed. The company's Q2 revenue grew by 50% year-on-year. Nuvama manages substantial client assets and offers diverse wealth management services.
Sebi approves IPO of DAM Capital Advisors; M&B Engineering offer papers returned
DAM Capital Advisors has received Sebi's approval for its IPO, comprising a 3.2 crore equity share offer-for-sale. Existing investors, including promoter Dharmesh Anil Mehta and Multiples Alternate Asset Management, will sell their stakes. The investment bank aims to list on stock exchanges and facilitate shareholder exits. DAM Capital is a leading Indian investment bank with a strong growth trajectory.
Dezerv surpasses Rs 10,000 cr in AUM; targets Rs 25,000 cr by Dec 2025
Tech-led wealth management firm Dezerv on Monday announced that its total Assets Under Management (AUM) have crossed Rs 10,000 crore mark and is now targeting to achieve Rs 25,000 crore asset base by the end of 2025. This AUM comprises alternative investment fund (AIF), portfolio management service (PMS) and distribution assets.
Angel One shares may rally 24%, Rs 300 crore addition in revenue seen in FY27: Motilal Oswal
Motilal Oswal expects a 24% upside in Angel One, with a target price of Rs 3,600. The brokerage forecasts a revenue addition of Rs 250-300 crore in FY27 from new business segments like wealth management, AMC, and loan distribution. Angel One's focus on customer LTV and strong team are key growth drivers.
As Indian markets remain expensive, investors can allocate 15% to US equities
"Investors should look at the US market for portfolio diversification. An ideal balanced or moderate investor should look at a portfolio allocation of 50:50 equity and debt and within the equity allocation have 30% equity in US stocks (15% overall)," said Ashish Ranawade, head of products at Emkay Wealth Management.
The one thing Warren Buffett wants all parents to do before signing their will, regardless of financial status
Warren Buffett, the legendary investor, advises parents to share their will with their children before it is signed. He believes this transparency helps prevent misunderstandings and family conflicts after death, ensuring that children know exactly what to expect. Buffett highlights that this simple act of communication can contribute to family harmony and ease the emotional burden during a difficult time.
NTPC Green Energy shares set to debut on bourses. Check GMP, allotment status, other details
NTPC Green Energy IPO Allotment Status: Shares of NTPC Green, which had its IPO open from November 19 to November 22, are expected to be listed onNovember 27. Shares were allocated on November 25 via a lottery system, supervised by the registrar. In the unlisted market, the shares are trading at a GMP of Rs 2-3, indicating a premium of 1.85% over the issue price.
Solarworld Energy Solutions secures Rs 110 cr in pre-IPO placement round
Solarworld Energy Solutions secured Rs 110 crore in pre-IPO funding, lowering the fresh issue in its upcoming IPO to Rs 440 crore. Investors, including ValueQuest, purchased shares at Rs 352.05 each. The company plans to use the majority of the IPO proceeds to build a 1.2 GW solar manufacturing facility in Madhya Pradesh.
Solarworld Energy Solutions secures Rs 110 cr in pre-IPO placement round
Solarworld Energy Solutions secured Rs 110 crore in pre-IPO funding, lowering the fresh issue in its upcoming IPO to Rs 440 crore. Investors, including ValueQuest, purchased shares at Rs 352.05 each. The company plans to use the majority of the IPO proceeds to build a 1.2 GW solar manufacturing facility in Madhya Pradesh.
Rothschild launches wealth management office in Dubai to tap wealth influx
Rothschild & Co. has opened a wealth management office in Dubai to serve ultra-high-net-worth individuals and families in the region. The bank cited Dubai's growing economy and status as a financial hub as key factors in its decision. The move follows similar expansions by other major banks, including JPMorgan, Banco Santander, and UBS.
Acme Solar Holdings made a disappointing debut at the bourses. What should investors do?
Acme Solar Holdings listed at a 13% discount to its issue price, indicating subdued investor response. The company operates in the promising renewable energy sector and has shown strong growth and improved profitability. However, the high debt-to-equity ratio remains a concern.
Mutual funds vs PMS: How to choose right wealth management solution for your needs
Portfolio Management Services (PMS) offer a tailored investment approach with higher risk and potential returns, suitable for high-net-worth individuals. Mutual funds, on the other hand, provide a diversified and regulated investment option suitable for a broader investor base. The choice between the two depends on individual financial profile, risk tolerance, and investment objectives.
Acme Solar Holdings shares list at 13% discount over IPO price
Acme Solar Share Price: Acme Solar Holdings made its market debut with its shares listing at a discount on the NSE and a discount on the BSE. Despite a positive market response and strong financial performance, analysts remain cautious, citing concerns over the company's high debt-to-equity ratio.
Don't go overboard on gold: Wealth managers
Gold prices have risen 30.69% in rupee terms over the past 12 months, while it has gained 39.10% in dollar terms. During the same period, the Nifty 50 has gained 25.6%. In this calendar year, gold has so far gained 26% in rupee terms, while the Nifty gained 11.8%.
Planning for the long term investment? 5 lessons from Diwali
The message of Diwali transcends beyond its cultural significance, offering lessons for long-term financial success. Key themes include decluttering investments, strategic financial planning, embracing compounding, effective risk management, and applying timeless wisdom. These practices align with Diwali traditions, advocating for a well-structured and prosperous financial future.
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