14 Aug 2025

Mahendra Realtors & Infrastructure Ltd. has launched an Initial Public Offering (IPO) on the NSE Emerge platform, aiming to raise INR 49.45 crore. The company, which specializes in engineering and construction services, plans to use the funds to meet its working capital needs and support business growth. According to Managing Director Hemanshu Shah, this public offering is a key milestone that will allow the company to scale its operations, enhance service delivery, and capitalize on new opportunities in India's growing infrastructure sector.Read more

14 Aug 2025

Rajasthan has introduced a policy allowing businesses to acquire idle and semi-developed industrial land at reduced rates based on basic cost plus minimal charges rather than through auctions. This is seen as a strategy to activate neglected zones and streamline industrial expansion. While business groups appreciate the cost relief and ease of access, they voice concern over potential bias in allotment decisions due to limited transparency. Earlier incentives under RIPS like interest rate rebates, tax exemptions, and sector-specific assistance have already laid a foundation for industrial growth in the state.Read more

14 Aug 2025

Nashik's civic administration recently lifted property tax from mobile towers with effect from the start of this year, while insisting telecom firms settle dues through December of last year. The move aligns with the Telecommunication Act, 2023, affirmed by state urban planning directives. The city hosts around 596 mobile towers, previously contributing an estimated INR 7 crore annually, yet telcos owe a staggering INR 52.69 crore in back taxes. Rather than dwelling on lost revenue, the municipal body is now leasing its own land to operators as a new income stream, carefully turning compliance into opportunity.Read more

13 Aug 2025

Smartworks Coworking Spaces Ltd posted a reduced net loss of INR 4.19 crore this week, compared with a loss of around INR 23 crore in the corresponding quarter last year, thanks to a revenue rise to nearly INR 388 crore. The company reported a sharp jump in both reported and normalised EBITDA, along with a turnaround to normalised PBT profit. Its leased portfolio grew beyond 10 million square feet, with further expansion underway. All of these developments follow its recent stock market debut, which was met with strong investor interest.Read more

13 Aug 2025

Capacit'e Infraprojects, an engineering and construction firm, reported a 12 percent decline in consolidated net profit to INR 47 crore for the June quarter of fiscal year 2026. The company, which had a profit of INR 53 crore in the same period last year, attributed the drop mainly to temporary labor shortages and an early monsoon. Despite the dip in profit, the company's total income grew by 4 percent. As of June 30, the company had a strong order book of INR 11,254 crore, with a mix of public and private sector projects.Read more

13 Aug 2025

Afcom reported a sharp rise in its June quarter net profit, reaching INR 27 crore compared to INR 0.62 crore in the same period last year. The company's total income more than doubled to INR 118.89 crore from INR 39.88 crore a year ago, supported by steady operational performance with network utilisation at nearly 84 per cent. Alongside its financial gains, Afcom has been expanding its international presence, launching a cargo route to Hanoi and signing an interline agreement with VietJet. It also contributed significantly to record transshipment volumes at Velana International Airport in July, strengthening its position in regional logistics.Read more

13 Aug 2025

Kolte-Patil Developers has restructured its portfolio by exiting stakes in four ventures via its subsidiaries. Kolte-Patil Lifespaces divested a 36 % stake in Amco Landmarks Realty for INR 4 crore. The group also fully exited Kolte-Patil Realtors Estate, selling to a promoter entity for INR 1 lakh; pulled out of Regenesis Project Management LLP's 35 % for INR 3.10 crore; and relinquished a 42.5 % stake in Ayaan Vihan Land Development for INR 25,000 even though that firm had a net worth exceeding INR 10 crore. These decisions reflect a clear shift toward refinement and focus.Read more

13 Aug 2025

Varmora Granito, a tiles and bathware maker based in Rajkot, recently filed its DRHP with SEBI, proposing a blended IPO with fresh equity worth INR 400 crore and an OFS of about 5.24 crore shares. Much of the fresh funds will go toward repaying debt across the parent company and its subsidiaries; the balance is meant for general corporate purposes. The company offers an extensive tile range, including glazed vitrified and ceramic variants, supported by a strong manufacturing footprint and wide distribution network.Read more

12 Aug 2025

Awfis saw a standalone profit of INR 8.94 crore and total income of INR 351.54 crore, reflecting a 30 percent year-on-year growth in operating revenue. Profitability improved markedly, with the operating EBITDA margin reaching 37.8 percent. A 40 percent expansion in seat capacity and a 25 percent rise in tier-II city presence underline its scalability. The company is also entering office furniture production, investing INR 8-10 crore to streamline fit-outs and create a new income stream all following the previous quarter's dramatic profit and revenue rise.Read more

12 Aug 2025

Highway Infrastructure Ltd. entered the stock market with a sharp surge in its share price, listing at INR 117 on the BSE and INR 115 on the NSE about 67 % and 64 % above the IPO price of INR 70. The INR 130-crore IPO, which closed with an extraordinary subscription of over 300 times, comprised a fresh issue worth INR 97.52 crore and an offer-for-sale of 46.4 lakh shares at INR 32.48 crore. Established in 1995, the Indore-based company works in tollway collection, EPC projects, and real estate development. Strong grey market activity before listing had already hinted at a robust debut.Read more