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Highway Infrastructure IPO Day 1: GMP & Subscription Status

Highway Infrastructure IPO of ₹130 crores is a combination of fresh issue of ₹97.52 crores and offer for sale (OFS) of ₹32.48 crores. Bidding for the IPO opened today, i.e. August 5, 2025 and will close on August 7, 2025. The shares of the company will be listed on BSE, NSE on August 12, 2025.

Highway Infrastructure IPO Day 1 Subscription Status

Investors Category	Subscription(x)
Qualified Institutional Buyers (QIB)	5.06
Non-Institutional Investors (NII)	35.39
bNII (above ₹10 lakh)	64.37
sNII (less than ₹10 lakh)	20.91
Retail Individual Investors (RII)	30.38
Total Subscriptions	28.51

Total Applications: 8,30,572

Total Bid Amount: ₹3,038.967 crores

Objective of the Highway Infrastructure IPO Day 1

The main objective of the Highway Infrastructure IPO is to raise funds for the company’s working capital needs and general corporate purposes. This will help support ongoing projects and overall business growth.

S.No.	Objects of the Issue	Expected Amount (in ₹ crores)
1	Funding Working Capital Requirements of the Company.	65.00
2	General Corporate Purposes.	–

Highway Infrastructure IPO GMP – Day 1 Update

Date	GMP	Est. Listing Price	Gain
05 August 2025 (Day 1)	₹40	₹110	57.14%

Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

Highway Infrastructure IPO – Key Detail

Particulars	Details
IPO Opening Date	August 5, 2025
IPO Closing Date	August 7, 2025
Issue Price Band	₹65 to ₹70 per share
Total Issue Size	1,85,71,428 shares (aggregating up to ₹130.00 Cr)
Listing Platform	BSE, NSE
Registrar	Bigshare Services Pvt. Ltd.
Highway Infrastructure IPO RHP	Click Here

Important Dates for Highway Infrastructure IPO Allotment

Event	Date
Tentative Allotment	Aug 8, 2025
Initiation of Refunds	Aug 11, 2025
Credit of Shares to Demat	Aug 11, 2025
Listing Date on BSE & NSE	Aug 12, 2025

Highway Infrastructure Overview

Highway Infrastructure Limited (HIL), established in 1995, is a diversified infrastructure company with nearly 30 years of experience. Led by Arun Kumar Jain, Anoop Agrawal, and Riddharth Jain, the company operates across three synergistic verticals: Tollway Collection, EPC Infrastructure Projects, and Real Estate. Its tolling business, spanning 11 states and 1 Union Territory with advanced ANPR technology, provides stable, recurring revenues, while the EPC arm has delivered over 60 projects in roads, bridges, and irrigation systems. The emerging real estate division further adds growth potential. Together, these segments form a balanced model where predictable toll income supports the capital-intensive EPC and real estate businesses, positioning HIL as a resilient and de-risked infrastructure asset manager.

Easy Steps to Apply for Highway Infrastructure IPO via Pocketful

Step 1 : Install the Pocketful Trading App from Play Store or App Store

Step 2 : Sign up and complete your KYC requirements

Step 3 : Go to the IPO section from the home page

Step 4 : Look for “Highway Infrastructure” in the list

Step 5 : Tap on Apply and enter your bid details

Frequently Asked Questions (FAQs)

What are the opening and closing dates of Highway Infrastructure IPO?
The Highway Infrastructure IPO opened on August 5, 2025, and will close on August 7, 2025.
What is the price band for the Highway Infrastructure IPO?
The price band for the IPO is fixed between ₹65 and ₹70 per share.
What is the issue size of the Highway Infrastructure IPO?
The total issue size is ₹130 crore, comprising a fresh issue of ₹97.52 crore and an offer for sale (OFS) of ₹32.48 crore.
When will Highway Infrastructure shares be listed?
The shares are expected to be listed on BSE and NSE on August 12, 2025.
What is the Day 1 subscription status of the Highway Infrastructure IPO?
On Day 1, the IPO received a total subscription of 28.51 times, with the QIB portion subscribed 5.06x, NII subscribed 35.39x, and the retail portion subscribed 30.38x

August 5, 2025

Exxaro Tiles Vs Kajaria Tiles

As real estate and infrastructure projects are growing in India, the demand for tiles is also increasing continuously. The size of the Indian tiles market has reached around ₹45,000 crore in 2024, and it may see further growth in the coming times. Many companies are active in this growing market, but names like Exxaro Tiles and Kajaria Ceramics are especially in the news.

In this blog, we will compare these two companies and know their business model, financial performance and future plans so that you can understand the difference between the two and in which direction they are moving.

Exxaro Tiles Ltd : An Overview

Exxaro Tiles Ltd is an emerging tiles manufacturing company in India, started in 2008. It is headquartered in Morbi, Gujarat, which is considered to be the largest tiles manufacturing hub in the country. The company launched its IPO in 2021 and since then it has been trading as a small-cap company in the stock market.

What does the company do?

Exxaro mainly produces vitrified tiles and glazed vitrified tiles (GVT). Its products are mainly used in both residential and commercial segments. The company has a product portfolio of 1000+ designs and also exports its products to more than 24 states in India and more than 13 countries.

Recent Key Developments : In recent years, the company has increased its manufacturing capacity and also invested in technology. Along with this, the company has made its presence felt in new global markets, which has seen an increase in export revenue.
Role and Importance : Despite being a mid-sized brand, Exxaro is continuously growing and making a strong presence in the organized tiles sector of India. Its strong dealer network and range of modern designs make it competitive in the market.

Business Model – Exxaro Tiles

Manufacturing based operation : Exxaro operates on a completely in-house manufacturing model. It has two units in Pipli and Talodara in Gujarat, where tiles are made using automated technology.
Dealer and Distributor Network : The company has a network of 2000+ dealers and 10+ active distributors, who deliver its products to different parts of India.
Export Markets : Exxaro exports its tiles to countries like the US, Europe, Middle East and Africa.
Design and Innovation : The company’s business model focuses on constantly innovating new designs and sustainable technology to keep pace with changing consumer tastes.

Kajaria Ceramics : An Overview

Kajaria Ceramics Ltd is one of the largest and oldest tiles companies in India. It was started in 1985 and is headquartered in New Delhi. Over the past four decades, the company has achieved a leadership position in the Indian tiles industry. The company is a market leader in the organized segment and is counted among the top tiles manufacturing companies in the world.

What does the company do?

Kajaria manufactures a wide range of tiles such as ceramic wall tiles, floor tiles, polished vitrified tiles (PVT) and glazed vitrified tiles (GVT). Its products are used in residential, commercial and infrastructure segments. The company has 10+ manufacturing units spread across India and has a total production capacity of 85+ million square meters per annum.

Recent Major Developments : In 2023–24, the company added new lines to its Panvel and Bulandshahr units and increased focus on sustainable tiles. Apart from this, the company has targeted a new young customer base by emphasizing on design innovation and digital branding.
Role and Importance : Kajaria is present in every part of India today and its 5000+ dealer network gives it exclusive reach. The company’s emphasis on brand value, quality control and innovation makes it different from other companies in the market.

Business Model – Kajaria Ceramics

Manufacturing + Outsourcing Model : Kajaria’s business model is a hybrid model in which the company manufactures tiles itself as well as gets production done from outsourcing units. This increases both its capacity and scalability.
Strong Dealer Network and Retail Presence : The company has over 5000 dealers, 1500+ showrooms, and a strong presence in every state of India. Its network helps it reach every type of customer.
Export Strategy : Kajaria exports its tiles to 30+ countries, including the US, UK, Australia, and the Middle East.
Branding and Design : The company introduces hundreds of new designs every year and provides high quality and attractive products to customers as per the trend.

Comparative Analysis: Exxaro Tiles Vs Kajaria Tiles

Particulars	Exxaro Tiles	Kajaria Ceramics Ltd
Current Price (₹)	7.85	1,183
Market Cap (₹ Crores)	351	18,846
52-W High (₹)	11.6	1,579
52-W Low (₹)	5.22	745
FII Holdings as of June 2025	4.52%	12.55%
DII Holdings (as of June 2025)	0.00%	27.39%
Book Value (₹)	6.19	172
PE Ratio	78.5	53.6

(Data as of 5 August 2025)

Financial Statements Analysis

Income statement Comparison

Particulars	Exxaro Tiles	Kajaria Ceramics Ltd
Total Income	305	4,677
Total Expenses	291	4,174
EBIT	13	455
Net Profit	0	299

(All values are in INR crores and the data is as of March 2025)

Balance Sheet Comparison

Particulars	Exxaro Tiles	Kajaria Ceramics Ltd
Current Liabilities	187	707
Current Assets	297	1,818
Fixed Assets	191	1,794
Reserves & Surplus	232	2,728

(All values are in INR crores and the data is as of March 2025)

Cash Flow Statement Comparison

Particulars	Exxaro Tiles	Kajaria Ceramics Ltd
Cash Flow from Operating Activities	23	500
Cash Flow from Investing Activities	-4	-372
Cash Flow from Financing Activities	-17	-208

(All values are in INR crores and the data is as of March 2025)

Key Performance Ratios (KPIs)

Particulars	Exxaro Tiles	Kajaria Ceramics Ltd
Operating Profit Margin (%)	4.66	10.86
Net Profit Margin (%)	-0.04	6.45
ROE (%)	-0.04	10.72
ROCE (%)	4.68	16.51
Debt to Equity (x)	0.33	0.06

(Data as of March 2025)

Future Plans of Exxaro Tiles

The future plans of Exxaro tiles are as follows:

Focus on increasing production capacity : Exxaro Tiles is focusing on increasing its manufacturing capacity in the coming years. The company is upgrading its existing units located in Gujarat to improve automation and product quality.
Design and technology innovation : The company aims to work on more innovative and high-margin designs. For this, Exxaro is constantly investing in new ceramic design solutions and digital printing technology to attract the global customer base as well.

Expansion in the export market : Exxaro also wants to expand its international business. Currently, the company exports to 13+ countries, but now its target is to establish the brand in big markets like the USA, Europe and Middle East.
ESG and Sustainability Initiatives : The company is also working towards green energy and sustainable materials. In the coming time, the company plans to increase the use of solar energy and water recycling systems in its production.

Future Plans of Kajaria Ceramics

The future plans of Kajaria Ceramics are as follows:

Establishment of new manufacturing units : Kajaria Ceramics is planning to take its production capacity to 100+ million square meters in the coming years. For this, the company is setting up new units in Maharashtra, Uttar Pradesh and Gujarat.
Sustainable tiles and technology : The company’s focus is now on eco-friendly and energy-efficient tiles. For this, Kajaria is setting up advanced kiln technology and digital printing lines which will reduce energy consumption and reduce carbon footprint.
Expansion of brand reach and dealer network : Kajaria is now creating new showrooms and distributor channels to increase its reach in small cities and towns. Its aim is to have a strong hold in the mid and lower tier markets as well.
Expansion in international markets : Kajaria has registered good growth in exports in the past years. Now the company wants to further strengthen its brand in the US, Australia and Africa. For this, it is working on country-specific marketing and B2B partnerships.

Who is Better: Exxaro Tiles vs Kajaria Ceramics?

The comparison between the two companies based on different criteria is given below:

Company size and market position : Kajaria Ceramics is a large cap company that has been leading the industry for over four decades, while Exxaro Tiles is a small cap and relatively new company. Kajaria has a stronger market share in terms of size and experience.
Product range and segments : Kajaria has a presence in almost every tile segment ceramic, PVT, GVT while Exxaro focuses primarily on vitrified and glazed tiles. Kajaria appears to be slightly ahead in terms of product diversity.
Manufacturing structure : Exxaro relies entirely on in-house manufacturing while Kajaria operates on a hybrid model (in-house + outsourcing). This gives Kajaria the flexibility to scale, while Exxaro has an advantage in quality control.
Distribution Network and Brand Reach : Kajaria has a large distribution network with 5000+ dealers and 1500+ showrooms across almost every corner of India. Exxaro’s network is growing continuously but is comparatively limited at the moment.
Financial Strength and Growth : Kajaria has consistently strong revenue growth, good margins and stable cash flow, which makes it financially stable. Exxaro is in a growth phase and has the potential to accelerate in the coming years, but its track record so far is limited.
Future Direction : Both companies are focusing on innovation, design and sustainability. While Kajaria is pursuing a large-scale global expansion strategy, Exxaro is also making inroads into new markets.

Conclusion

Kajaria Ceramics and Exxaro Tiles are both playing a significant role in the Indian tile industry. Kajaria has remained a market leader due to its strong brand value, diverse product range and strong distribution network. Exxaro is an emerging company that is making its mark on the basis of innovation and rapid growth. From an investment or business perspective, it is important to understand the difference between the two. One is a symbol of experience, the other is a story of possibilities. Both have different strengths and that is what makes them special.

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Frequently Asked Questions (FAQs)

What kind of company is Exxaro Tiles?
Exxaro Tiles is an Indian company that mainly manufactures vanity and glazed vitrified tiles.
What is special about Kajaria Ceramics?
Kajaria Ceramics is India’s largest tile manufacturer with a strong brand value and product range.
Is Exxaro Tiles on a growth stage?
Yes, Exxaro Tiles is a growing company that is constantly expanding its plants and market network.
Which has stronger brand value between Exxaro Tiles and Kajaria Ceramics?
Kajaria Ceramics has stronger and stable brand value and market hold.
Which company, Exxaro or Kajaria, is more active in the international market?
Kajaria Ceramics has a larger and better developed international network, while Exxaro Tiles is also gradually expanding its presence in the global market.

August 5, 2025

Best Stocks to Gift Your Sister on Raksha Bandhan

A thread on the wrist for Raksha Bandhan is more than just a thread. It is a promise of love, protection, and support. Every year, we strive to find the perfect gift to convey what words cannot. What if, though, you could give your sister something this year that will make her happy today and appreciates in value over the years?

Instead of the usual chocolates, gadgets, or gift cards, why not give her something associated with a brand she already likes such as shares of some of her favourite companies that are listed on the stock market. These include the companies behind the jewellery she wears and the skincare products she uses. Now, she can go beyond being just a consumer — she can actually own a piece of them.

In this blog, we will explore some of the best stocks to give your sister this Raksha Bandhan the process of gifting shares.

Why Gift Stocks Instead of Traditional Gifts?

Rakhi is all about celebrating your relationship with your sister, and what better way to express your love than by giving her a gift that will grow with time?

Not that chocolates, perfumes, or handbags are not wonderful, they certainly are, but consider giving her something that could contribute towards making her future financially secure. That is where gifting stocks is better than other traditional gifts.

1. Creates Long-Term Wealth

A quality stock can increase in value over time, unlike most gifts that are overlooked or lose their value over time.

2. Helps Her in Beginning Her Investment Journey

This could be an interesting and mindful approach that could build your sister’s interest in investing, if she were not already. How great is it that it could even spark her interest in investing or personal finance?

3. It is symbolic and personal

Picture her checking the price of the stock gifted each Rakhi and seeing it grow year after year; it becomes a custom, a memory, and a bond that lasts beyond the celebration.

4. It is simple and tax-free

No need to stress about the paperwork — if your sister has a demat account, transferring shares is quick and hassle‑free. Plus, gifts between siblings are tax‑free, making it even more worthwhile.

List of 5 Best Stocks to Gift Your Sister

1. Nykaa (FSN E-Commerce Ventures Ltd.)

Falguni Nayar started Nykaa in 2012 as an online beauty store. It has since grown into a huge marketplace for cosmetics, skin care, fashion, and personal healthcare products. It introduced many Indian customers to international beauty brands, and now it has a presence in India both online and in stores.

Why Gift It: If your sister loves beauty products, Nykaa is already a part of her life. Giving her shares means saying, “You’re not just a customer; you’re now a co-owner.”

Read Also: Nykaa Case Study

2. Titan Company Limited

Titan is a part of the Tata Group, which started making watches in 1984 and later added jewellery (Tanishq), eyewear, and other accessories to its product portfolio. Tanishq and CaratLane as household names for getting good jewellery and gifts.

Why Gift It: If she loves her Tanishq necklace or often finds herself searching for new jewellery on CaratLane, Titan is already part of her lifestyle. This Rakhi gift shares to turn that connection into ownership.

Read Also: Titan Case Study

3. Kalyan Jewellers India Ltd

Kalyan started in Kerala in 1993 and has since grown into one of India’s biggest jewellery chains. It is known for its large selection of gold, diamond, and bridal jewellery. The “Trust is Everything” campaign hit a chord with people all over India.

Why Gift It: Kalyan feels personal if she likes traditional jewellery. You are giving her a piece of a brand that she already feels emotionally and culturally connected to.

4. Hindustan Unilever Ltd

HUL is a British-Dutch company that has been in India since 1933. It owns almost all of the major personal care brands you can think of, like Lakme, Dove, Sunsilk, Pond’s, Tresemme, and Pears.

Why Gift It: She probably uses these products every day. By owning HUL shares, she can start creating wealth from the very brands she already trusts and loves — turning everyday purchases into long-term value.

Read Also: Hindustan Unilever Case Study

5. Dabur India Limited

Dabur, which was founded in 1884, is a leader in Ayurvedic and herbal health products. Its products are very common in Indian households due to well-known brands like Gulabari, Vatika, Real Juices, and Fem.

Why Gift It: If she believes in natural, Ayurvedic self-care, Dabur represents a blend of heritage, trust, and long-term growth — making it an ideal gift.

Read Also: Dabur Case Study

How to Gift Stocks to Your Sister?

Here are the steps you need to take to gift stocks:

1. First things first: Does she have a demat account?

Your sister needs a demat account to own stocks. You can help her create if she doesn’t have one yet. Most brokers let you open a demat account online in less than 10 minutes.

2. Choose the Stock You Want to Gift

Pick a stock that you believe in, one that has a stable performance and that she might be able to relate to. For instance, Titan, if she likes jewellery or HUL, for long-term stability. If it is a brand that she already uses or likes, it makes it even better!

3. Give her the stock

If you use a traditional broker, you will need to fill out a simple form called a Delivery Instruction Slip (DIS). This document specifies the stocks you are gifting and to whom. If you use an app-based broker, you can do everything online.

4. This is all there is to it

She must accept the gift and then you will be asked to authorize the transaction using CDSL T-PIN. The stocks will show up in her demat account.

Conclusion

Giving stocks as a gift might seem strange, but it is one of the best ways to show your sister you care about her future. You are not just giving her a gift; you are also introducing her to the world of investing.

This Raksha Bandhan, go beyond the usual. Gift her growth. Gift her ownership. Gift her a piece of the brands she already loves.

Frequently Asked Questions (FAQs)

Is gifting shares taxable?
No, gifting shares to your sister is not taxable in India. Gifts between siblings are exempt under the Income Tax Act. However, if she sells those shares later and makes a profit, capital gains tax may apply at that time, just like with any regular stock sale.
Can I gift mutual funds instead of shares?
You can gift mutual fund units too and the process is similar.
What if my sister does not have a demat account?
She can open one easily online through platforms like Pocketful. The whole process takes just 10–15 minutes.
Are these stocks suitable for long-term investment?
The companies discussed have performed consistently over the past many years, but future performance cannot be guaranteed. Hence, it is advised to consult a financial advisor before investing.
Is there a minimum amount for gifting stocks?
No, there’s no fixed minimum amount. You can gift even a single share or as many as you like, based on your budget and the stock’s price.

August 4, 2025

Secured and Unsecured Bonds: Understand the Difference

Every investor wants their invested money to be safe and also get good returns. When it comes to investing in bonds, the most important thing is to understand which bond is right for you. There are two types of bonds available in the market – secured bonds and unsecured bonds. There is a big difference between the two: in one your money is backed by an asset, while in the other the risk is higher.

In this blog, we will give complete information about secured vs unsecured bonds in simple and clear language, so that you can invest wisely.

What Are Bonds and Why Do Companies Issue Them?

A bond is a debt instrument through which a company or government borrows money from the investors or general public and promises to pay fixed interest payments in return. After the completion of the certain period, i.e., at maturity, the investor gets his principal amount back. Bonds are also called fixed income products because the returns in them are pre-determined.

Why do Companies and Governments issue Bonds?

Companies and governments prefer to raise funds through bonds instead of taking a loan from the bank, because this gives them access to capital at a lower interest rate and for a longer period. Also, through bonds they can meet their financial needs without giving up any equity stake.

What is the role of creditworthiness and collateral?

The safety of a bond largely depends on the creditworthiness of the issuing institution. While some bonds are backed by collateral, others rely solely on the issuer’s promise to repay. The former are known as secured bonds, where pledged assets act as a safety net for investors in case of default. The latter are unsecured bonds, which carry higher risk since they offer no such asset-backed protection and depend entirely on the issuer’s ability to repay.

If you have ever bought bonds from any other platform, you must have seen words like “secured” or “AAA-rated”. But these words sometimes seem like mere technical information until you understand their real significance. Let us learn about secured and unsecured bonds in detail.

Read Also: What Are Corporate Bonds?

What Are Secured Bonds?

Secured bonds are bonds that are secured by an asset or collateral. This means that if the company issuing the bond defaults, investors have the right to claim the collateral. The collateral can be in the form of property, machinery, inventory, or any other asset.

These bonds are less risky because even if the issuer is not trustworthy, there is still a possibility of recovery of investor money from the asset. This is why their interest rate on secured bonds is often slightly lower than unsecured bonds, but the security is higher.

Example : Suppose a real estate developer issues secured bonds to fund the construction of a new commercial complex. These bonds are backed by the land and the under-construction property itself. This means that if the developer fails to repay, investors can recover their money through the sale or ownership of the pledged property, offering a strong layer of protection.

These types of secured bonds are linked to stable revenue sources or assets, giving investors the assurance of a guaranteed return on their invested money even if the issuing agency runs out of funds for some reason.

Secured Bonds are ideal for people who want to take less risk such as:

Retired individuals
Senior citizens
Investors who prefer capital protection
People who want a stable and secure income in their portfolio

So, if you are risk averse and looking for a stable income, secured bonds can be a suitable option for you.

Read Also: What is Coupon Bond?

What are Unsecured Bonds?

Unsecured bonds are bonds that do not have any collateral. This means that if the company issuing the bond defaults, investors have no claim over any assets of the issuing company to recover their money. Investing in these bonds depends entirely on the creditworthiness and financial strength of the company. These bonds usually offer higher interest rates than secured bonds to compensate investors for higher risk.

Example : Suppose an NBFC (Non-Banking Financial Company) issues unsecured bonds or debentures to raise funds for its expansion. These bonds are issued without backing from any specific assets, meaning investors rely solely on the company’s creditworthiness and track record for repayment. If the company incurs losses or goes bankrupt in the future, these investors will get repaid only after the secured bond holders and other primary creditors have been paid.

Unsecured bonds are better for investors:

Who are willing to take a little more risk
Who have experience in analyzing the company’s credit rating and financials
Who can accept the potential risk to capital in exchange for higher returns

If you want to invest in such bonds, then give preference to AAA or AA rated issuers and stay away from high-yield bonds without proper research. Investing without proper research can cause significant losses, especially if the issuer has a weak financial position.

Secured vs Unsecured Bonds: Key Differences

Feature	Secured Bonds	Unsecured Bonds
Collateral	Backed by specific assets or property (e.g., land, equipment)	No collateral; based solely on issuer’s creditworthiness
Risk Level	Lower risk as it is an asset-backed security	Higher risk as repayment depends entirely on the issuer’s financial strength
Interest Rate	Generally lower, as the bond is considered safer	Typically higher to compensate for the increased credit risk
Repayment Priority	Paid before unsecured creditors in case of default	Paid after claims of all secured creditors are settled
Issuer Type	Often issued by infrastructure firms, public sector companies, or asset-heavy companies	Frequently issued by corporates, NBFCs, or private firms with good credit ratings
Credit Ratings Impact	Ratings depend on both asset value and issuer profile	Ratings rely primarily on the issuer’s profile and repayment track record
Investor Suitability	Suitable for conservative investors prioritizing capital protection	Suitable for experienced investors seeking higher returns with moderate to high risk

Read Also: What are Bond Yields?

Risk & Return Trade-Off: Which One Should You Choose?

The most important question while investing in bonds is to choose safety or higher returns?

How much is the risk?

Secured bonds have low risk because they are secured by an asset. If the issuer defaults, the investor can claim the asset. Hence, they are considered suitable for retired people or those who want a secure income. On the other hand, unsecured bonds do not have any security. If the issuer fails to make payments, investors of the unsecured bonds are repaid after secured bondholders are paid, making unsecured bonds a risky investment.

How much is the return?

Secured bonds have relatively low interest rates (e.g. 7–8%), as there is more security. In contrast, unsecured bonds offer higher returns (e.g. 9–11%), but with risk.

Which is right for whom?

If your focus is on capital safety, then secured bonds are a better option. However, if you are seeking higher income, can tolerate greater risk, and are capable of assessing a company’s credibility, unsecured bonds can also be a good option. Always ensure you check the credit rating before investing.

Conclusion

It is very important for an investor to understand the difference between secured bonds and unsecured bonds. While secured bonds offer more security, unsecured bonds may offer a slightly higher return but also carry risk. Secured vs unsecured bonds should be carefully weighed while planning your investment strategy to get the right balance between risk and return. It is important to consult a financial advisor before investing.

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Frequently Asked Questions (FAQs)

What is the main difference between secured and unsecured bonds?
Secured bonds are backed by an asset, while unsecured bonds do not have any such collateral.
Are secured bonds safer than unsecured bonds?
Yes, secured bonds are considered safer because repayment is guaranteed by an asset.
Do unsecured bonds offer higher returns?
Mostly yes, because the risk is higher in these, so the interest rate is also slightly higher.
Can individual investors buy secured bonds in India?
Yes, many government and corporate secured bonds are available for individual investors.
Which type of bond is better for beginners?
Secured bonds are better for beginner investors as they have lower risk.

August 3, 2025

What is Margin Funding?

A term that is becoming very popular among today’s smart traders is margin funding. If you’ve ever wondered how to build a large portfolio with limited capital, margin funding could be an excellent solution. In simple terms, it allows you to borrow funds from your broker, increasing your buying power and enabling you to take larger positions than your own capital would allow.

In this blog, we will talk about what is margin funding means, what is its role in trading, and its pros and cons in full detail.

Margin Funding Meaning Explained

Margin funding is a method through which you can make big investments with less capital. In simple words, your broker lends you money so that you can buy shares of higher value than your capital would usually allow. This funding increases your purchasing power.

Suppose you have ₹30,000 but you want to buy shares worth ₹1,00,000. In such a case, your broker will give you the remaining ₹70,000 in the form of margin trading funds. In return, a small interest will be charged from you and your shares will be kept as collateral.

This system is not like a personal loan because these funds can only be used for trading and your stocks you buy using it are kept as collateral. It can be called a kind of short-term trading credit which is given only to create trading positions in the market. Today many big brokers are providing this margin trade funding facility so that even small investors can make big trades; but it requires prudence and risk management.

Read Also: What is Stock Margin?

How Margin Trade Funding Works?

Margin Trading Funding works in the following ways:

Step 1: The investor invests his capital

At the beginning of the trade, you have to invest a part of the total investment amount yourself, which is called initial margin. This usually ranges from 25% to 50%, depending on the rules of the stock and the broker.

Step 2: The Broker funds the remaining amount

The remaining amount is given by your broker in the form of margin funding. This increases your buying power.

Step 3: Interest has to be paid on funding

You have to pay interest on this funding amount. Most brokers charge 12% to 18% per annum, but Pocketful is offering margin trade funding facility as offering margin trade funding facility at a very low interest rate, i.e. 5.99% per annum. This is beneficial for those traders who want to trade smartly at low cost.

Step 4: Shares are pledged

Your purchased shares are kept as collateral. If the market falls and the value of your portfolio goes below the set limit, the broker can make a margin call. If you do not deposit the required funds on time, your holdings can be sold.

Step 5: Profit or loss is calculated on the entire trade amount

Your profit or loss is calculated on the entire trade value, not just the amount you have invested. Therefore, margin funding increases the risk along with the benefits.

Understand with an example:

Details	Value (₹)
Total Trade Value	₹1,00,000
Your capital (55%)	₹55,000
Funding from broker (45%)	₹45,000
Interest rate (Pocketful)	5.99% p.a.
Profit/Loss Calculation	It will be for full ₹1,00,000

Key Terms You Must Know in Margin Funding

If you are thinking of starting trading using margin funding, then it is very important to understand some basic terms. These terms will not only improve your understanding of margin trading, but will also help you in risk management. Let’s understand them one by one in simple language:

Margin : Margin is the amount that you have to invest yourself to begin margin trading. It is also called initial margin or upfront margin. It is usually 25%-50% of the total trade value.
Leverage : Leverage means trading more value with less capital. Through margin funding, you can increase your purchasing power by taking a loan from the broker. The higher the leverage, the higher the risk and return.
Interest Rate : The interest on money you take from the broker as funding is charged a fixed interest rate. This rate may vary depending on the broker. For example, Pocketful charges just 5.99% per annum, while other brokers may charge up to 12%-18%.
Pledge/Collateral : When you take margin funding, the shares purchased using the broker funds are pledged. That is, these shares remain pledged with the broker until you sell and repay the funding amount.
Margin Shortfall : When the value of your portfolio falls below the minimum required margin, it is called margin shortfall. In this situation, the broker may ask you to deposit additional funds, which is called a margin call.

Liquidation : If you do not deposit additional funds on time, the broker may sell your shares. This is called forced liquidation.

Before starting trading,it is important to understand all these terms properly because even a small mistake can cause a big loss. Use Margin funding only when you understand all its aspects.

SEBI Regulations Around Margin Funding in India

Margin Funding or Margin Trading Facility i.e. MTF allows investors to buy more shares with less capital. SEBI has laid down strict and clear rules regarding this facility so that investors remain safe and the entire system remains transparent. Below, all the main aspects related to this facility are explained in detail.

Eligible shares and securities : SEBI has declared only Group-I stocks and certain equity ETFs are eligible for MTF. Margin on these stocks is determined on the basis of Value at Risk (VaR) and Expected Loss Margin (ELM). The margin amount is calculated as VaR + 3 * ELM for F&O stocks and VaR + 5 * ELM for non F&O stocks.
Initial margin required : Client is required to provide minimum initial margin in the form of cash or eligible securities to avail MTF. If the value of the portfolio falls below the prescribed limit, the broker can make a margin call and recover by selling the client’s holdings if needed.
Limited sources of funding : Brokers can raise capital for MTFs from only four authorized sources: own capital, bank/NBFC loans, unsecured loans from promoters or directors, and regulatory approved commercial papers.
Safe holding of shares : Shares purchased using MTF are held in a separate Demat account and the entire process of Pledge/Re-pledge is done electronically as per SEBI regulations.
Daily reporting mandatory : At the end of every trading day, the broker has to send details of all MTF positions and exposures to the exchange by 6 pm, thereby maintaining transparency.

These rules made by SEBI are not only to protect the investor but are also necessary to keep the entire stock market system stable and transparent. MTF is a great facility but it is beneficial only when both the investor and the broker follow the guidelines of SEBI completely.

Pros and Cons of Margin Trading Funding

Pros of Margin Trading Funding

Increased investment capacity : The biggest feature of MTF is that it gives you the power to buy more shares than your capital would allow. For example, if you have ₹1 lakh, you can take a position of up to ₹3-4 lakh.
Significant Profits in the short term : For active traders, MTF can help in earning quick profits, because by taking big positions for a short time, one can benefit even from small price movements.
Better fund utilization: With Margin Trading Funding (MTF), you can free up your cash for other investments while still gaining greater market exposure, even with a smaller upfront amount.
Funds are available for long term also : Earlier MTF was used only for short term trading, but now some brokers are providing funding for up to 365 days.

Cons of Margin Trading Funding

Risk of huge losses : If the market goes against your trading positions, the losses can be much more than your investment amount, because you are trading on credit.
Interest Charges: The broker charges interest on MTF. This interest can reduce your profits, especially when your trading positions are not very profitable.
Margin call and force selling : If the price of stocks falls below a certain limit, the broker can make a margin call. If you do not deposit the required funds on time, your holdings can be sold by the broker.
Overtrading : Leverage often encourages investors to trade more than necessary, which can result in significant losses over the long term.

How to Apply for Margin Funding Facility with Your Broker?

To start margin trading funding, you have to follow some easy steps. This process is completed online on most broker platforms and can be activated in a few minutes.

Open a Demat and trading account : To avail MTF, first you have to open a Demat + Trading account with a broker that provides margin trading facility.
Submit the required documents : Documents like KYC, PAN, Aadhaar, income proof have to be submitted. These brokers decide the funding limit based on your income and risk profile.
Accept the risk disclosure : Margin trading involves high risk, so it is important to read and agree to the Risk Disclosure Document provided by the broker.
Activate the Margin Pledge system : Under the new rules of SEBI, you have to activate Demat Debit and Pledge Instruction (DDPI) before using MTF. You can complete this process online from your trading platform.
Start Trading: After completing all the above steps, you can start trading using the margin funds.

How to get MTF with Pocketful?

If you are looking for easy, transparent and affordable margin trading, Pocketful is a great option for you. On Pocketful:

You get MTF through Pocketful’s “Pay Later” feature, starting at just 5.99% per annum, the lowest in the industry.
The funding period is for 365 days, allowing you to hold your trading positions for a longer time.
The entire process is 100% digital and fast.

Check Out – Stocks Available for MTF

Conclusion

Margin Trading Funding (MTF) is a great way to trade more with less capital, but the risk is also significant. When combined with proper risk management and thorough research, margin funding can potentially enhance your returns. In today’s digital age, platforms like Pocketful are offering margin funding through its “Pay Later” feature in an easy, transparent and affordable way. But before making any trading decision, it is important to consult a financial advisor.

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5	What is Operating Profit Margin?
6	Top 10 Highest Leverage Brokers in India – Maximize Profits with Margin Trading
7	Lowest MTF Interest Rate Brokers in India \| Top 10 MTF Trading Apps

Frequently Asked Questions (FAQs)

What is Margin Trading Facility in trading?
Margin Trading Facility or MTF allows you to buy more shares with less money by using funds provided by the broker.
Is margin trading risky?
Yes, there is more risk in it because the losses can be significant if the market value of your investment decreases.
Can beginners use MTF?
Beginners should first understand the basics and gain market experience before using MTF.
How much interest does Pocketful charge on MTF?
Pocketful’s MTF interest rate starts at just 5.99% annually, which is the lowest in the industry.
Can I apply for MTF online?
Yes, you can activate MTF online on most brokers platforms.

August 3, 2025

10 Best Price Action Trading Books

When it comes to the markets, there are two primary approaches: technical analysis and fundamental analysis. While fundamental analysis focuses on evaluating the intrinsic value of an asset, technical analysis studies price movements through charts and patterns. Among various technical approaches, price action stands out for its simplicity and effectiveness, as it emphasizes understanding raw price movements without relying on complex indicators.

In this blog, we will give you an overview of the top 10 best price action trading books.

What is Price Action?

Price action is a study of price movements of a stock plotted over time, and traders make decisions based on these historical price movements. The traders who trade based on the price action focus more on chart patterns, candlesticks, trendlines, support and resistance, etc. Traders and analysts who use price action examine key elements such as:

Chart patterns (like triangles, flags, or head-and-shoulders) to predict potential market direction.
Candlestick formations, which provide insight into market psychology (e.g., bullish/bearish reversals).
Trendlines, which help identify whether the market is trending upward, downward, or moving sideways.
Support and resistance levels, which indicate where the price is likely to pause, reverse, or break out.

By interpreting these, traders get an idea about the market sentiment directly from price movements.

10 Best Price Action Trading Books

Book Title	Author	Year	Goodreads Rating
Martin Pring on Price Patterns	Martin J. Pring	2004	4.14
A Complete Guide to Volume Price Analysis	Anna Coulling	2013	4.24
Forex Price Action and Scalping	Bob Volman	2011	4.13
The Market Wizards	Jack D. Schwager	1989	4.25
Japanese Candlestick Charting Techniques	Steve Nison	1991	4.31
Trading Price Action Trends	Al Brooks	2011	4.06
The Art and Science of Technical Analysis	Adam Grimes	2012	4.23
Encyclopedia of Chart Patterns	Thomas Bulkowski	2000/05	4.09
The Ultimate Trading Guide	John R. Hill	2000	3.25
Price Action Breakdown	Laurentiu Damir	2015	4.2

Read Also: Best option trading books

Overview of Best Price Action Trading Books

An overview of the best price action trading books is given below:

1. Martin Pring on Price Patterns

This book was written by Martin J. Pring in 2004. It is a comprehensive guide that explains the steps to use price patterns, such as head and shoulders, triangles, etc. Pring was a renowned technical analyst, and with his extensive experience, he wrote this book, which has helped many traders. In his book, he has covered all the relevant topics such as support and resistance, trendlines, etc. Martin Pring explains the formation of these patterns and the method to use them effectively.

What will you learn?

A trader will learn to identify and analyse different patterns like double top, head and shoulder, etc.
Entry and exit points based on the patterns.
Combining the price with the volume and moving average.
Reliability of patterns and failure indicators.

2. A Complete Guide to Volume Price Analysis

This book was written by Anna Coulling and was published in 2013. This book explains the concept of volume price analysis, which combines the volume and price movement of a stock to identify its strength of bullish or bearish market moves. This book helps a trader in identifying false breakouts and improving their decision-making. It offers the trader a practical way to understand the market moves without relying on indicators.

What will you learn?

How the market moves can be predicted using price and volume.
Using volume signals to identify buying and selling pressure.
Using volume confirmation to identify a false breakout.
Understanding the various phases of the market, such as accumulation and distribution.

3. Forex Price Action and Scalping

The book was published in 2011 and was written by Bob Volman. This book is suitable for traders who are interested in manual scalping and want to do scalping in a short time frame. They are preferred by the traders who generally trade in the currency segment. However, the book also focuses on proper risk management.

What will you learn?

Techniques for scalping based only on price movement.
How to take a trade based on a 5-minute chart pattern.
Real chart pattern examples along with a detailed explanation of it.
Strategies for fast entry and exit in forex trades.

4. The Market Wizards

The author of the book was Jack D. Schwager, and the book was first published in 1989. This book details the in-depth interviews of the most successful traders of that time. Those traders made their fortune in different market segments, including stocks, forex, commodities, etc. The major takeaways of the book are risk management, patience and discipline. The book is in conversational form. All traders seek inspiration from this book.

What will you learn?

Perspective of successful traders.
The psychological traits required for trading price action.
Risk management techniques.
How to modify their trading strategies based on changing market dynamics.

5. Japanese Candlestick Charting Techniques

The book was first published in 1991 and was primarily focused on the usage of candlestick patterns in the modern trading world. The author of the book is Steve Nison. This book can be a foundation for traders who want to learn the art of candlestick patterns and how they can reveal market segments. This book navigates a trader from basic to advanced usage of chart patterns. It covers numerous candlestick patterns and how to combine them with other technical tools.

What will you learn?

The evolution and importance of the candlestick pattern.
How to use a candlestick pattern along with other technical tools.
Understanding the psychology of the market, which influences candlestick formation.
Detailed explanation of reversal and continuation patterns with examples.

6. Trading Price Action Trends

This series of books was first published in 2011 and was written by AL Brooks. This book is not suitable for beginners, as it is highly technical. The techniques presented in this book are applicable across all time frames. The book is based on identifying the trading ranges and their breakouts and helps a trader in finding out the false breakouts. This book presents a systematic and detailed approach to analysing every candlestick pattern.

What will you learn?

One to five-minute charts are used for analysis of small price action.
Recognising patterns, breakouts and reversals.
Deep analysis of price structure, without studying volume.
Calculating the support and resistance levels

7. The Art and Science of Technical Analysis

The book “The Art and Science of Technical Analysis” was written by Adam Grimes and was published in 2012. The book primarily focused on a data-driven approach to studying technical analysis and price action. The author was a successful trader and has traded for various proprietary firms, hedge funds, etc. The book stresses the importance of stop loss and target. Adam Grimes explains what works in the market and what does not, and the importance of removing guesswork from the price analysis.

What will you learn?

The reason behind the changes in market price.
Recognition of pattern by statistical analysis.
Duration of the effectiveness of the price trend.
Practical and realistic trading strategies.

8. Encyclopedia of Chart Patterns

This book was first written and published in 2000, and in 2005, its second edition was published. The book focuses on statistical and visual examples of chart patterns. In this book, almost every trading chart pattern is included. This book is generally used by swing and positional traders. This visual book is suitable for traders who wish to understand the real reasons behind every pattern. The writer of the book, Thomas Bulkowsky, shows the success and failure rate, and the average returns of different candlestick formations.

What will you learn?

Failure and success rate of the candlestick pattern.
How to trade and handle trades based on each pattern.
Finding rare and potential formations.
A comprehensive collection of performance statistics and chart patterns.

9. The Ultimate Trading Guide

This book was written by John R. Hill and was published in 2000. The book combines the trend-following strategy and technical analysis, followed by effective money management strategies. The book teaches traders to build their strategies using effective techniques. It introduces the method to develop, test and trade complex and structured strategies considering the price behaviour of the market.

What will you learn?

How to use quantitative price action techniques.
Establishing and evaluating a trading system.
Understanding both the psychological and technical aspects of trading.
Analysing the chart to understand the entry and exit points.

10. Price Action Breakdown

Price Action Breakdown was written by Laurentiu Damir and was published in 2015. In this book, the author focuses on a simplified and practical approach to trading based on price action. The book primarily focuses on the foreign exchange (forex) market and introduces an approach that emphasizes the analysis of market movement, structure, and the psychology behind it. The book explains how to identify important levels and execute trade setups based on it.

What will you learn?

Basic price action concepts made easy for beginners.
Key strategies using important price levels.
How to analyse support and resistance levels, trends, etc.

Conclusion

On a concluding note, various traders have shared their experiences and successful strategies in different books written by them. Those price action trading books help new traders in refining their strategies without relying on too many indicators. No matter whether you are an experienced or a novice trader, these books help you in building a strong foundation, and by reading them, you can create a trading strategy that suits your trading style. However, it is advised to consult your investment advisor before executing any trades.

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1	Price Action Analysis: An Easy Explainer
2	Top 10 Books for Beginners in Trading & Investing
3	10 Best Algorithmic Trading Books
4	What is Scalping Trading Strategy?
6	5 Must-Read Best Swing Trading Books for Trader

Frequently Asked Questions (FAQs)

What is the meaning of price action trading?
Price action trading is an approach that involves analyzing and making decisions based on historical price movements, often using candlestick patterns, chart structures, and key price levels.
Can I start trading by reading the best price action trading books?
Yes, one can learn the art of price action trading by reading the best price action trading books. However, it is advisable to consider your risk profile, trade by keeping a stop-loss and only after consulting your investment advisor.
Is price action trading useful only in forex trades?
No, price action trading is effective in different market segments such as equity, commodities, forex, etc.
What are some of the best price action trading books?
The best price action trading books are Martin Pring’s on Price Patterns, A Complete Guide to Volume Price Analysis, Price Action Breakdown, etc.
What is scalping?
Scalping is a trading approach in which the trader quickly takes entry and exits from trading positions in large quantities and tries to take advantage of small price movements.

August 2, 2025

10 Best Stock Broking Stocks in India

Interest in the Indian stock market has grown sharply since 2020, as millions of people began their investment journey due to the huge returns generated by the markets. Listed broking companies in India have directly benefited from this. Today, there are more than 19 crore demat accounts active in the country, and with this pace, the business of top stock broking companies in India has also grown rapidly.

This blog will discuss the list of best stock broking stocks in India that not only provide stock broking services, but have themselves a strong investment option.

What is the Stock of a Stock Broking Company?

When you avail the services of a broking company like buying and selling shares after opening a demat and trading account; then you are a customer of that company. But when you buy shares of the same broking company, you become its shareholder. Some broking companies are listed on the stock exchange, and you can buy and sell their shares like any other stock. The profits that these companies make from their business i.e., brokerage, distribution fees, margin funding interest, etc. directly benefits their investors. These stocks are also called proxy stocks because they are directly linked to the growth of the stock market. That is, when the market does well, more demat accounts are opened and their business tends to perform well.

Top 10 Broking Companies in India Based on Market Capitalisation

Company	Current Market Price (in ₹)	Market Capitalisation (in ₹ crore)	52-Week High (in ₹)	52-Week Low (in ₹)
Aditya Birla Capital Ltd.	254	66,411	283	149
Motilal Oswal Financial Services	926	55,506	1,064	488
Nuvama Wealth Management Ltd	7,000	25,204	8,510	4,568
Angel One Ltd.	2,589	23,442	3,503	1,941
Geojit Financial Services	73.3	2,046	159	60.7
SMC Global Securities Ltd.	142	1,490	169	99
5Paisa Capital Ltd.	384	1,199	607	311
Arihant Capital Markets Ltd.	99.2	1,033	125	56.3
Emkay Global Financial Services Ltd.	240	611	370	162
Indbank Merchant Banking Services Ltd.	33	146	54.4	23.5

(Data as of 1 August 2025)

Overview of the Listed Broking Companies in India

A brief overview of the best stock broking companies in India is given below:

1. Aditya Birla Capital Ltd

Aditya Birla Capital is a large and diversified financial group, which offers life insurance, health insurance, asset management and loan services along with stock broking services. Its broking services are offered through its subsidiary named Aditya Birla Money. Strong brand name and multi-segment presence make it a diversified financial services company.

Know the Returns:

1Y Return	3Y Return	5Y Return
11.58%	136.20%	378.29%

(Data as of 1 August 2025)

2. Motilal Oswal Financial Services Ltd

Motilal Oswal Financial Services Ltd needs no introduction in the world of investment. For years, this company has been providing services not only in stock broking but also research, mutual funds and wealth management. Its biggest strength is the in-depth research and the way it understands the needs of every client. Motilal Oswal is a strong option for those who take investment seriously and want to invest with a long-term perspective.

Know the Returns:

1Y Return	3Y Return	5Y Return
40.10%	379.09%	437.94%

(Data as of 1 August 2025)

3. Nuvama Wealth Management Ltd

Formerly known as Edelweiss Broking, Nuvama Wealt Management Ltd is a key player in the stock broking and wealth management industry. The company focuses on high net worth clients and the private wealth segment. Apart from this, it also provides services like research, investment banking and asset advisory. After rebranding, Nuvama has further strengthened its digital presence and has an easy to use mobile application.

Know the Returns:

1Y Return	3Y Return	5Y Return
10.02%	153.65%	154.75%

(Data as of 1 August 2025)

4. Angel One Ltd

Angel One is one of the few brokerage companies that has successfully transitioned from being a full-service broker to becoming a well-known discount broker. Its app is very easy to use, which is why millions of new investors prefer it. Apart from stock broking services, it also provides research reports, portfolio tracking and other tools. Its presence has increased in cities as well as small towns. Angel One has become a trusted name for those who are looking to begin their investment journey at low cost.

Know the Returns:

1Y Return	3Y Return	5Y Return
19.83%	88.37%	845.05%

(Data as of 1 August 2025)

5. Geojit Financial Services Ltd

Geojit Financial Services Ltd is a trusted name in the stock broking industry and has a very strong hold especially in South India. This company not only provides trading platforms but also offers mutual funds, insurance and wealth management. Its clients include a large number of retail investors and NRIs. Geojit’s specialty is its customer service and advisory support to investors. The company is constantly improving its digital infrastructure, increasing both its reach and ensuring customer satisfaction.

Know the Returns:

1Y Return	3Y Return	5Y Return
-27.03%	59.43%	132.31%

(Data as of 1 August 2025)

6. SMC Global Securities Ltd

SMC Global Securities is a diversified financial services company established in 1990 in New Delhi, India. Founded by Subhash C. Aggarwal and Mahesh C. Gupta, SMC offers comprehensive financial services including brokerage across equities, derivatives, commodities and currency; investment banking; wealth management; insurance broking; NBFC financing; and research services through its extensive network of over 95 branches across 550 cities serving more than 1.9 million clients.

Know the Returns:

1Y Return	3Y Return	5Y Return
-6.36%	61.75%	56.59%

(Data as of 1 August 2025)

7. 5Paisa Capital Ltd

5Paisa Capital Ltd is made for those who want to invest on their own at a low cost. Its platform is simple and designed keeping the beginner investor in mind. Opening a demat account and trading from your mobile without visiting a branch is as easy. Its fees are also very low, which attracts new traders a lot. If you want to invest digitally without much hassle, then 5Paisa can be a good option.

Know the Returns:

1Y Return	3Y Return	5Y Return
-22.34%	37.60%	17.82%

(Data as of 1 August 2025)

8. Arihant Capital Markets Ltd

Arihant Capital Markets Ltd Capital is a stock broking company active in many parts of the country, especially in small towns. This company also provides broking services in equity, currency, commodity and other wealth management services. Arihant’s focus has been on customer-centric approach and affordable fee structure. Its app and online platform are getting good response among the users. Stable growth and strong customer support makes it an emerging option.

Know the Returns:

1Y Return	3Y Return	5Y Return
26.60%	32.21%	279.85%

(Data as of 1 August 2025)

9. Emkay Global Financial Services Ltd

Emkay Global Financial Services Ltd is a research-driven broking firm that focuses exclusively on institutional and high value clients. This company has a strong presence in equity research, broking, investment banking and advisory services. Emkay is known for its in-depth research reports and client-centric approach. Its services are generally considered suitable for professional and serious investors who want to make data-driven decisions.

Know the Returns:

1Y Return	3Y Return	5Y Return
24.64%	227.81%	455.22%

(Data as of 1 August 2025)

10. Indbank Merchant Banking Services Ltd

Indbank Merchant Banking Services Ltd is a public sector company and a subsidiary of Indian Bank. Its platforms offer online trading, stock broking as well as depository and advisory services. This company is considered a stable and reliable option among low-risk investors seeking to invest in the government backed company.

Know the Returns:

1Y Return	3Y Return	5Y Return
-39.76%	63.01%	407.85%

(Data as of 1 August 2025)

Key Performance Indicators (KPIs)

Company	Operating Margin (%)	Net Profit Margin (%)	ROE (%)	ROCE (%)	Debt to Equity
Aditya Birla Capital Ltd.	34.78	7.37	10.96	10.69	4.59
Motilal Oswal Financial Services	54.25	30.07	22.58	20.38	1.33
Nuvama Wealth Management Ltd	51.29	23.51	28.25	57.04	2.25
Angel One Ltd.	36.01	22.37	20.85	32.79	0.60
Geojit Financial Services	34.11	22.32	14.46	20.14	0.10
SMC Global Securities Ltd.	22.46	8.26	11.96	27.29	1.36
5Paisa Capital Ltd.	31.98	18.97	11.30	18.60	0.36
Arihant Capital Markets Ltd.	36.67	22.44	15.26	22.90	0.25
Emkay Global Financial Services Ltd.	20.13	16.93	18.74	16.67	0.19
Indbank Merchant Banking Services Ltd.	43.40	31.60	9.23	12.67	0.00

(Data as of March 2025)

Read Also: 10 Best Fintech Stocks in India

Factors to be Considered Before Investing in Stock Broking Stocks

Various factors to be considered before investing in stock broking stocks are given below:

Stability of client base and growth : The real strength of a brokerage company lies in its active users. If the company is constantly adding new clients and retaining existing users, then it is a sign that its business model is strong and reliable.
How diversified are the revenue sources : Companies that depend only on brokerage charges for revenues may be at risk. A company that is earning from offering many services like mutual fund distribution, advisory, margin trading facilities and wealth management services are considered better.
Innovation and upgradation in technology : In today’s era, user-friendly apps, fast execution and reliable mobile apps are the keys to growth. Companies that continuously invest in technology can perform better in the long run.
Ability to adapt to regulatory changes : SEBI regulations such as margin rules or brokerage capping affect the business of companies. The best company is the one that adopts changes quickly.
Fundamental Analysis: If the stock of a company is already overvalued, then caution is necessary. Check the performance, returns and valuation metrics of the last few years to avoid overvalued stocks.
Transparency of management and credibility of leadership : Strong management is the foundation of a company. When the leadership comprises honest and capable professionals, investor confidence in the company naturally grows.

Conclusion

Investing in broking companies can offer significant growth opportunities, provided the decision is made after evaluating the right parameters. Factors like customer base growth, technology adoption, regulatory compliance and management quality determine the success of the company in this segment. If you believe in long-term growth of the Indian financial markets, then these stocks can play a strong role in your portfolio. However, it is advised to consult a financial advisor before investing.

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Frequently Asked Questions (FAQs)

Are broking company stocks safe for long-term investment?
If a broking company demonstrates stable growth, stays ahead in technology, and effectively manages regulatory risks, its stocks can be a good choice for long-term investment.
How do broking firms make money?
These companies earn from services like broking, mutual fund distribution, research services and margin funding.
Should beginners invest in stock broking sector stocks?
If you understand the sector and are not afraid of volatility, then these companies can be a good investment option. It is advised to consult a financial advisor before investing.
Which factors affect the performance of stock broking companies?
Factors like market volatility, regulatory policy, technology adoption and growth of client base directly affect their performance.
What are the risks involved in investing in stock broking company stocks?
Adverse regulatory changes, technological disruption, decline in customer base due to increased competition can directly impact the earnings of these companies.

August 2, 2025

Sri Lotus Developers and Realty IPO Allotment Status: Check Latest GMP, Steps to Verify Status

Sri Lotus Developers IPO has closed for subscription today, 1 August 2025. The issue of ₹792 crore, entirely of a fresh issue of 5.28 crore shares. Its price band has been fixed at ₹140 to ₹150 per share and the listing is expected to happen on BSE and NSE on 6 August 2025.

Sri Lotus Developers IPO Day 3 Subscription Status

Sri Lotus Developers IPO has received an overall subscription of 74.10 times. As of 5:00 pm on August 1, 2025 (Day 3), the retail category has been subscribed 21.77 times, QIB 175.61 times, and NII 61.82 times. This means that this IPO has received an overwhelming response from all investor segments.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	175.61
Non-Institutional Investors (NII)	61.82
bNII (above ₹10 lakh)	59.13
sNII (less than ₹10 lakh)	67.22
Retail Individual Investors (RII)	21.77
Employee Quota	21.37
Total Subscriptions	74.10

Total Applications: 34,79,062

How to Check Sri Lotus Developers & Realty Limited IPO Allotment Status

Sri Lotus Developers & Realty Limited IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.

Method 1: Registrar’s website (Kfin Technologies Limited.)

The most reliable way is to check allotment from the Kfin Technologies Limited website.

How to do:

Visit Kfin Technologies official website
Select “Sri Lotus Developers & Realty Limited Ltd.” from the IPO list
Enter your details PAN number, Application number, or DP/Client ID
Click on Submit
You will see the allotment status on the screen.

Method 2: Check from BSE or NSE’s website

If there is more traffic on the registrar’s website, allotment status can also be checked from BSE or NSE.

How to do:

Visit BSE or NSE’s official website
Select ‘Equity’ segment
Select “Sri Lotus Developers & Realty Limited Ltd.” from the IPO list
Enter PAN number and Application number
Click on Search

Objective of the Sri Lotus Developers IPO

The funds raised from Sri Lotus Developers IPO will be used by the company to meet the construction costs of ongoing projects of subsidiary companies and general corporate needs.

Use of IPO Proceeds	Amount (₹ Cr)
Investments in subsidiary companies Richfeel Real Estate Pvt. Ltd., Dhyan Projects Pvt. Ltd., and Tryksha Real Estate Pvt. Ltd. to partially fund the development and construction costs of their ongoing projects Amalfi, The Arcadian, and Varun	550.00
General corporate purposes	–

Sri Lotus Developers IPO GMP – Day 3 Update

The last Grey Market Premium of Sri Lotus Developers IPO was recorded at ₹38, updated at 4:34 PM on August 1, 2025. Considering the price band of ₹150, the estimated listing price works out to be ₹188 (Cap Price + Today’s GMP). This means that the estimated listing gain per share is around 25.33%.

Date	GMP	Est. Listing Price	Gain (%)
1 Aug 2025 (DAY-3)	₹38	₹188	25.33%

Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.

Sri Lotus Developers IPO – Key Details

Particulars	Details
IPO Opening Date	July 30, 2025
IPO Closing Date	August 1, 2025
Issue Price Band	₹140 to ₹150 per share
Total Issue Size	5,28,00,000 shares(aggregating up to ₹792.00 Cr)
Listing Platform	BSE, NSE
Registrar	Kfin Technologies Limited
Sri Lotus Developers IPO DRHP	Click Here

Important Dates for Sri Lotus Developers IPO Allotment

Event	Date
Tentative Allotment	Aug 4, 2025
Refunds Initiation	Aug 5, 2025
Credit of Shares to Demat	Aug 5, 2025
Listing Date	Aug 6, 2025

Sri Lotus Developers Overview

Sri Lotus Developers & Realty Limited was founded in February 2015 and is a leading real estate company in Mumbai, specializing in the redevelopment of ultra-luxury and luxury residential projects in the Western Suburbs. As of June 30, 2025, the company has a total developable area of 0.93 million square feet, which includes both residential and commercial properties. The company’s main focus is on the construction of 2BHK and 3BHK flats (₹3-7 crores) and 3BHK to 4+ BHK penthouses (₹7 crores and above) in the high-end segment. Along with this, the company is also active in the development of premium commercial office spaces. So far, the company has completed 4 projects, 5 projects are in progress and 11 new projects are in the pipeline. Features such as strong brand value, ability to sell at premium prices, asset-light business model and timely project delivery make it a reliable real estate company. The company’s leadership team is equipped with experienced promoters and management professionals.

Frequently Asked Questions (FAQs)

What is the opening and closing date of Sri Lotus Developers IPO?
Sri Lotus Developers IPO is open on 30th July 2025 and will close on 1st August 2025.
What is the price band of Sri Lotus Developers IPO?
Its price band is fixed from ₹140 to ₹150 per share.
What is the GMP (Grey Market Premium) of Sri Lotus Developers IPO today?
The GMP on 1 Aug 2025 is ₹38, which leads to a possible listing price of ₹188.
When will the allotment and listing of Sri Lotus Developers IPO happen?
Allotment of shares will be done on 4 August 2025 and listing of shares will take place on 6 August 2025 on BSE and NSE.
Is there an Offer for Sale (OFS) in Sri Lotus Developers IPO?
No, this IPO is a completely fresh issue.

August 1, 2025

M And B Engineering Limited IPO Allotment Status: Check GMP, Subscription Status

The size of M&B Engineering IPO is ₹650 crore, which includes a fresh issue of ₹275 crore and an OFS of ₹375 crore. The issue will remain open from July 30 to August 1, 2025. The price band has been fixed at ₹366-₹385 per share. Its listing is expected on BSE and NSE on August 6.

M&B Engineering IPO Day 3 Subscription Status

M&B Engineering IPO has got tremendous response from investors. The overall subscription of the IPO has now reached 38.11 times. Retail investors have subscribed 34.36 times, QIB 38.63 times, and NII investors 40.22 times. Employees category has also been subscribed 8.59 times.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	38.63
Non-Institutional Investors (NII)	40.22
bNII (above ₹10 lakh)	39.68
sNII (less than ₹10 lakh)	41.31
Retail Individual Investors (RII)	34.36
Employee Quota	8.59
Total	38.11

Total Applications: 14,22,694

How to Check M&B Engineering IPO Allotment Status

M&B Engineering IPO allotment can be easily checked online in two ways: from the Registrar’s website and from the BSE or NSE website. This IPO will be listed on both the exchanges – BSE and NSE, so the allotment status will be available to all investors on both platforms.

Method 1: Registrar’s website (MUFG Intime India Pvt. Ltd.)

The most reliable way is to check allotment from MUFG Intime India Private Limited’s website.

How to do:

Visit MUFG Intime’s official website
Select “M&B Engineering Ltd.” from the IPO list
Enter your details PAN number, Application number, or DP/Client ID
Click on Submit
You will see the allotment status on the screen.

Method 2: Check from BSE or NSE’s website

If there is more traffic on the registrar’s website, allotment status can also be checked from BSE or NSE.

How to do:

Visit BSE or NSE’s official website
Select ‘Equity’ segment
Select “M&B Engineering Ltd.” from the IPO list
Enter PAN number and Application number
Click on Search

Objective of the M&B Engineering IPO

M&B Engineering Company will use the funds raised from this IPO to expand its business and strengthen its finances. The company will invest these funds in important areas such as purchase of machinery, solar grid setup, loan repayment and IT upgradation.

Use of IPO Proceeds	Amount (₹ Cr)
Procurement of machinery, equipment, building works, solar rooftop grids and transport vehicles for manufacturing facilities	130.58
Investment in IT software upgradation by the company	5.20
Partial or full repayment / prepayment of certain term loans taken by the company	58.75
Use for general corporate needs	–

M&B Engineering IPO GMP – Day 3 Update

The grey market premium (GMP) of M&B Engineering IPO today is ₹51, updated as of 3:30 PM on 1 August 2025. The price band of the IPO is ₹385, and the estimated listing price based on today’s GMP could be ₹436, giving a potential return of around 13.25% per share.

Date	GMP	Est. Listing Price	Gain (%)
1 August 2025 (DAY-3)	₹51	₹436	13.25%

M&B Engineering IPO – Key Details

Particulars	Details
IPO Opening Date	July 30, 2025
IPO Closing Date	August 1, 2025
Issue Price Band	₹366 to ₹385 per share
Total Issue Size	1,68,83,116 shares(aggregating up to ₹650.00 Cr)
Listing Platform	BSE, NSE
Registrar	MUFG Intime India Private Limited
M&B Engineering IPO DRHP	Click Here
M&B Engineering IPO RHP	Click Here

Important Dates for M&B Engineering IPO Allotment

Event	Date
Tentative Allotment	Aug 4, 2025
Refunds Initiation	Aug 5, 2025
Credit of Shares to Demat	Aug 5, 2025
Listing Date	Aug 6, 2025

M&B Engineering Overview

M&B Engineering Limited was established in 1981 and since then, it has been engaged in the field of Pre-Engineered Buildings (PEBs) and Self-Supported Roofing Solutions. The company offers a complete design to installation solution to produce strong and durable steel structures.It has two manufacturing plants located at Sanand in Gujarat and Cheyyar in Tamil Nadu with a total production capacity of 1.03 lakh MTPA. The Phenix division specializes in PEB manufacturing, while the Proflex division manufactures roofing on site using mobile units. The company has completed over 9,500 projects so far.M&B Engineering has clients from various sectors such as textiles, manufacturing, food, power and railways. The company exports its products to over 22 countries. Its order book stands at over ₹842 crore as of June 2025, reflecting its strong market position.

Frequently Asked Questions (FAQs)

What is the opening and closing date of M&B Engineering IPO?
M&B Engineering IPO is open on 30th July 2025 and will close on 1st August 2025.
What is the price band of M&B Engineering IPO?
Its price band is fixed from ₹366 to ₹385 per share.
What is the GMP (Grey Market Premium) of M&B Engineering IPO today?
The GMP on 1 Aug 2025 is ₹51, which leads to a possible listing price of ₹436.
What is the total issue size of M&B Engineering IPO?
The total issue size of the IPO is ₹650 crore, which includes a fresh issue of ₹275 crore and an offer for sale of ₹375 crore.
What is the expected listing date of M&B Engineering?
This IPO will get listed on BSE and NSE on August 6, 2025.

August 1, 2025

NSDL IPO Allotment Status: Check Latest GMP, Steps to Verify Status

National Securities Depository Limited (NSDL)’s ₹4,011.60 crore IPO was open from July 30 to August 1, 2025. It was a fully OFS of 5.01 crore shares. The price band has been fixed at ₹760–₹800 and the listing will take place on BSE on August 6.

NDSL IPO Day 3 Subscription Status

The NSDL IPO has been subscribed a total of 41.02 times as of 1 August 2025. It has been subscribed 7.76 times by retail investors, 103.97 times in the QIB category and 34.98 times in the NII category. These figures are till August 1, 2025, 5:04 pm (Day 3).

Investor Category	Subscription (x)
Anchor Investors	1.00
Qualified Institutional Buyers (QIB)	103.97
Non-Institutional Investors (NII)	34.98
bNII (above ₹10 lakh)	37.73
sNII (less than ₹10 lakh)	29.47
Retail Individual Investors (RII)	7.76
Employee Quota	15.39
Total Subscriptions	41.02

Total Application : 51,99,261

How to Check NDSL IPO Allotment Status

NDSL IPO allotment can be easily checked online in two ways: Registrar’s website and BSE’s website. Note, this IPO will be listed only on the BSE platform so it is not possible to check on NSE.

Method 1: Registrar’s website (MUFG Intime India Pvt. Ltd.)

The most reliable way is to check allotment from MUFG Intime India Private Limited’s website.

How to do:

Visit MUFG Intime’s official website
Select “National Securities Depository Limited.” from the IPO list
Enter your details PAN number, Application number, or DP/Client ID
Click on Submit
You will see the allotment status on the screen.

Method 2: Check from BSE Website

If there is more traffic on the registrar’s website, allotment status can also be checked from BSE or NSE.

How to do:

Visit BSE official website
Select ‘Equity’ segment
Select “National Securities Depository Limited.” from the IPO list
Enter PAN number or Application number
Click on Search

Objective of the NDSL IPO

The main objective of the NSDL IPO is to list the company’s equity shares on the BSE. Since this is purely an offer for sale, the amount raised from this will not go to the company, but to the investors selling the shares.

NDSL IPO GMP – Day 3 Update

The latest grey market premium of NSDL IPO today is ₹135, updated at 5:00 pm on August 1, 2025. Considering the upper limit of the price band of ₹800, the estimated listing price of this IPO works out to be ₹935. This means that investors can get a potential listing gain of 16.88%.

Date	GMP	Est. Listing Price	Gain (%)
1 Aug 2025 (DAY-3)	₹135	₹935	16.88%

NDSL IPO – Key Details

Particulars	Details
IPO Opening Date	July 30, 2025
IPO Closing Date	August 1, 2025
Issue Price Band	₹760 to ₹800 per share
Total Issue Size	5,01,45,001 shares(aggregating up to ₹4,011.60 Cr)
Listing Platform	BSE
Registrar	MUFG Intime India Private Limited
NDSL IPO DRHP	Click Here
NDSL IPO RHP	Click Here

Important Dates for NDSL IPO Allotment

Event	Date
Tentative Allotment	Aug 4, 2025
Refunds Initiation	Aug 5, 2025
Credit of Shares to Demat	Aug 5, 2025
Listing Date on BSE	Aug 6, 2025

NDSL Overview

National Securities Depository Limited (NSDL) is one of the oldest and most trusted depository companies in India. Established in 2012, the company operates as a SEBI registered Market Infrastructure Institution (MII). Its main function is to facilitate the holding and transfer of shares and other securities in electronic form. Through NSDL, investors get services like trade settlement, pledging, off-market transfer and corporate actions in demat accounts. Also, features like e-voting, Consolidated Account Statement (CAS) and Non-Disposal Undertaking (NDU) are also available.

NDSL has two major subsidiaries

NDML, which handles projects such as e-governance, KYC and National Skills Registry, and
NSDL Payments Bank, which provides digital payments and micro-banking services.

As of March 2025, NSDL has more than 3.94 crore active demat accounts. This company has reached more than 99% of pin codes across India and 186 countries. Its biggest strength is strong technology, secure systems and experienced leadership.

Frequently Asked Questions (FAQs)

What is the opening and closing date of the NDSL IPO?
NDSL IPO is open on 30th July 2025 and will close on 1 August 2025.
What is the price band of the NDSL IPO?
Its price band is fixed from ₹760 to ₹800 per share.
What is the GMP (Grey Market Premium) of the NDSL IPO today?
The GMP on 1 August 2025 is ₹135, which leads to a possible listing price of ₹935.
What is the total issue size of the NSDL IPO?
The total issue size is ₹4,011.60 crore, which is entirely an Offer For Sale (OFS).
What is the expected listing date of NDSL?
This IPO will be listed on BSE on August 6, 2025.

August 1, 2025

Blog

Highway Infrastructure IPO Day 1 Subscription Status

Objective of the Highway Infrastructure IPO Day 1

Highway Infrastructure IPO GMP – Day 1 Update

Highway Infrastructure IPO – Key Detail

Important Dates for Highway Infrastructure IPO Allotment

Highway Infrastructure Overview

Easy Steps to Apply for Highway Infrastructure IPO via Pocketful

Frequently Asked Questions (FAQs)

What are the opening and closing dates of Highway Infrastructure IPO?

What is the price band for the Highway Infrastructure IPO?

What is the issue size of the Highway Infrastructure IPO?

When will Highway Infrastructure shares be listed?

What is the Day 1 subscription status of the Highway Infrastructure IPO?

Exxaro Tiles Ltd : An Overview

What does the company do?

Business Model – Exxaro Tiles

Kajaria Ceramics : An Overview

What does the company do?

Business Model – Kajaria Ceramics

Comparative Analysis: Exxaro Tiles Vs Kajaria Tiles

Financial Statements Analysis

Income statement Comparison

Balance Sheet Comparison

Cash Flow Statement Comparison

Key Performance Ratios (KPIs)

Future Plans of Exxaro Tiles

Future Plans of Kajaria Ceramics

Who is Better: Exxaro Tiles vs Kajaria Ceramics?

Conclusion

Frequently Asked Questions (FAQs)

What kind of company is Exxaro Tiles?

What is special about Kajaria Ceramics?

Is Exxaro Tiles on a growth stage?

Which has stronger brand value between Exxaro Tiles and Kajaria Ceramics?

Which company, Exxaro or Kajaria, is more active in the international market?

Why Gift Stocks Instead of Traditional Gifts?

1. Creates Long-Term Wealth

2. Helps Her in Beginning Her Investment Journey

3. It is symbolic and personal

4. It is simple and tax-free

List of 5 Best Stocks to Gift Your Sister

1. Nykaa (FSN E-Commerce Ventures Ltd.)

2. Titan Company Limited

3. Kalyan Jewellers India Ltd

4. Hindustan Unilever Ltd

5. Dabur India Limited

How to Gift Stocks to Your Sister?

1. First things first: Does she have a demat account?

2. Choose the Stock You Want to Gift

3. Give her the stock

4. This is all there is to it

Conclusion

Frequently Asked Questions (FAQs)

Is gifting shares taxable?

Can I gift mutual funds instead of shares?

What if my sister does not have a demat account?

Are these stocks suitable for long-term investment?

Is there a minimum amount for gifting stocks?

What Are Bonds and Why Do Companies Issue Them?

Why do Companies and Governments issue Bonds?

What is the role of creditworthiness and collateral?

What Are Secured Bonds?

What are Unsecured Bonds?

Secured vs Unsecured Bonds: Key Differences

Risk & Return Trade-Off: Which One Should You Choose?

How much is the risk?

How much is the return?

Which is right for whom?

Conclusion

Frequently Asked Questions (FAQs)

What is the main difference between secured and unsecured bonds?

Are secured bonds safer than unsecured bonds?

Do unsecured bonds offer higher returns?

Can individual investors buy secured bonds in India?

Which type of bond is better for beginners?

Margin Funding Meaning Explained

How Margin Trade Funding Works?

Step 1: The investor invests his capital

Step 2: The Broker funds the remaining amount