Blog

JSW Cement IPO Allotment Status: Check Latest GMP, Steps to Verify Status

JSW Cement, the fast-growing cement manufacturer in the JSW Group, has launched a ₹3,600 crore initial public offering. The IPO consists of a ₹1,600 crore fresh issue of equity shares by the company and an offer-for-sale of up to ₹2,000 crore by existing shareholders. The price band has been set at ₹139 to ₹147 per share. The subscription window is open from 7 August to 11 August 2025, and the shares are expected to begin trading on 14 August on both the BSE and NSE.

JSW Cement IPO Day 3 Subscription Status

JSW Cement’s IPO saw strong demand, with the issue subscribed 8.22 times overall. QIBs led the response at 16.71 times, followed by NIIs at 11.60 times, while retail investors subscribed 1.91 times, reflecting solid market confidence in the company.

Investor Category	Subscription (x)
Qualified Institutional Buyers (QIB)	16.71
Non-Institutional Investors (NII)	11.60
bNII (above ₹10 lakh)	13.29
sNII (less than ₹10 lakh)	8.24
Retail Individual Investors (RII)	1.91
Total	8.22

Total Applications: 12,75,003

How to Check JSW Cement IPO Allotment Status

JSW Cement 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 the allotment from Kfin Technologies Limited’s website.

How to do:

Visit Kfin Technologies Limited official website
Select “JSW Cement” 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 “JSW Cement” from the IPO list
Enter PAN number and Application number
Click on Search

Objective of the JSW Cement IPO

JSW Cement plans to utilize the funds raised from its IPO to support business expansion and strengthen its financial position. A significant portion will go towards setting up a new integrated cement unit in Rajasthan, while the rest will be used for debt repayment and general corporate needs.

Use of IPO Proceeds	Amount (₹ Cr)
Part financing the cost of establishing a new integrated cement unit at Nagaur, Rajasthan	800
Prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company	520
General Corporate Purposes	–

JSW Cement IPO GMP – Day 3 Update

The grey market premium (GMP) of JSW Cement IPO today is ₹5, updated as of 5:00 PM on 11 August 2025. The estimated listing price based on today’s GMP could be ₹152, giving a potential return of around 3.40% per share.

Date	GMP	Est. Listing Price	Gain
11 August 2025 (DAY-3)	₹5	₹152	3.40%

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.

JSW Cement IPO – Key Details

Particulars	Details
IPO Opening Date	August 7, 2025
IPO Closing Date	August 11, 2025
Issue Price Band	₹139 to ₹147 per share
Total Issue Size	24,48,97,958 shares(aggregating up to ₹3,600 Cr)
Listing Platform	BSE, NSE
Registrar	Kfin Technologies Limited
JSW Cement IPO RHP	Click Here

Important Dates for JSW Cement IPO Allotment

Event	Date
Tentative Allotment	August 12, 2025
Refunds Initiation	August 13, 2025
Credit of Shares to Demat	August 13, 2025
Listing Date	August 14, 2025

JSW Cement Overview

JSW Cement is one of India’s fastest growing cement producers, ranking among the top three for grinding capacity and sales volume growth between fiscal years 2015 and 2025 and among the top ten by installed capacity and sales as of March 2025 according to CRISIL. The company’s installed grinding capacity reached 20.60 MMTPA and clinker capacity reached 6.44 MMTPA with ongoing expansions planned to increase these figures to 41.85 MMTPA and 13.04 MMTPA respectively. Green cementitious products including GGBS, PSC and PCC accounted for 77.4 percent of sales volume in fiscal 2025 resulting in a clinker to cement ratio of 50.1 percent. JSW Cement operates seven plants across southern, western and eastern India supported by long-term raw material linkages and mining rights covering over 1.2 billion tonnes of limestone. Guided by a circular economy approach, the company leads its peers in carbon dioxide emission intensity reduction and industrial waste utilization while leveraging the JSW Group’s brand and synergies in steel energy and logistics.

Frequently Ask Questions (FAQs)

What is the opening and closing date of the JSW Cement IPO?
JSW Cement IPO is open on 7 August 2025 and will close on 11 August 2025.
What is the price band of the JSW Cement IPO?
Its price band is fixed from ₹139 to ₹147 per share.
What is the GMP (Grey Market Premium) of the JSW Cement IPO today?
The GMP on 11 August 2025 is ₹5, which leads to a possible listing price of ₹152.
What is the total issue size of the JSW Cement IPO?
The total issue size of the IPO is ₹3,600 crore, which includes a fresh issue of ₹1,600 crore and an offer for sale of ₹2,000 crore.
What is the expected listing date of the JSW Cement IPO?
This IPO will be listed on BSE and NSE on 14 August 2025.

August 11, 2025

10 Best Chart Pattern Books for Traders

If you want to be successful in trading, reading chart pattern books is as important today as it was in the past. In 2025, where the market has become even faster, volatile and technology-driven, identifying the right chart pattern can greatly improve your trading decisions. Whether you are a beginner or an experienced trader, the best chart pattern book can enhance your technical analysis skills.

In this blog, we will tell you about 10 such excellent and updated best trading chart patterns books which are still relevant and can help you realize consistent profits.

Top 10 Best Chart Patterns Books for Traders (2025 List)

Book Name	Author	Best For	Key Highlights
Encyclopedia of Chart Patterns	Thomas N. Bulkowski	Intermediate Advanced traders	Includes approximately 70–75 reversal and continuation patterns, statistical data, and failure analysis
Technical Analysis Using Multiple Timeframes	Brian Shannon	Intermediate Advanced traders	Accurate identification of chart patterns in a multi‑timeframe context, trend alignment
Trading Classic Chart Patterns	Thomas N. Bulkowski	Intermediate traders	Entry/exit levels, trade setups, real examples for each pattern
Japanese Candlestick Charting Techniques	Steve Nison	Beginners Intermediate	Candlestick foundations for pattern analysis
Trading Price Action Trends	Al Brooks	Advanced traders	Deep understanding of repeated estimation methods, trend-following and reversal patterns
Price Action Breakdown	Laurentiu Damir	Beginners Intermediate	Focus on high-probability patterns such as pin bars, inside bars, engulfing bars
Trading Price Action Reversals	Al Brooks	Advanced	Reversal patterns, entry setups, trade structure analysis
The Visual Guide to Chart Patterns	Thomas N. Bulkowski	Intermediate	Visual aids and structure-based examples for pattern recognition.
Candlestick Charting Explained	Gregory L. Morris	All Levels	Focus on standardized 89 candlestick patterns, with an emphasis on pattern identification and false signal filtering
Chart Patterns	Bruce M. Kamich	BeginnersIntermediate	Formations like flags, head‑and‑shoulders, double bottoms, breakout timing and pattern spotting guide

Brief Overview of the Chart Patterns Books

A summary of the 10 best Chart Patterns Books has been given below:

1. Encyclopedia of Chart Patterns

This book is considered to be a definitive reference in the world of chart patterns. Thomas Bulkowski has explained more than 60 classic chart patterns such as head & shoulders, triangles, flags etc. with statistical analysis. The success rate, failure rate, average price movement and trading strategies of each pattern have been explained in detail. This book is very useful for traders for pattern-based decision making and price prediction. The special thing is that the author has also analysed the performance of each pattern on the basis of historical market data.

2. Technical Analysis Using Multiple Timeframes

This book by Brian Shannon is excellent in explaining the concept of multiple timeframes. Although it covers broader technical analysis, the depth of price structure and chart interpretation in it is very high. The author explains how the same chart can be analysed in different timeframes to decide better entries and exits. It provides practical ways to integrate trend alignment, support-resistance zones and moving averages with price action, making trading decisions more confident.

3. Trading Classic Chart Patterns

This is Bulkowski’s second important book that focuses specifically on classical chart patterns. It takes a deep dive into about 50 traditional patterns such as cup & handle, double top, triple bottom, etc. The psychology behind each pattern, entry-exit rules and performance statistics are provided. Also, real-world examples and visual charts make it very practical. This book is for those traders who want to make pattern recognition their core trading tool.

4. Japanese Candlestick Charting Techniques

This classic book by Steve Nison gives Western traders detailed knowledge of candlestick charting for the first time. It explains more than 50 candlestick patterns such as doji, hammer, engulfing, morning star. The meaning, formation, market psychology and trading signals of each pattern are given in a very systematic manner. This book is a reference guide not only for beginners but also for advanced chartists. The integration of candlestick and bar charts is also explained well in it.

5. Trading Price Action Trends

This book by AL Brooks gives scientific depth to price action trading. In this, chart analysis is done only on the basis of price bars, without any indicators. The author has done a detailed study of trend structures, breakout patterns, pullbacks, and exhaustion points. The special thing is that this book is based on intraday charts and improves chart-based decision making in scalping or short-term trading. This book is like a guide to understand the internal dynamics of price movement.

6. Price Action Breakdown

This book focuses on price action in a simple and structured way. It teaches ways to identify basic chart structures such as support-resistance, swing highs-lows, and trendlines. The author emphasizes on explaining the psychological patterns of the charts, which helps in better prediction of reversal and continuation points. This book is useful for those traders who want to trade by understanding the price structure without indicators.

7. Trading Price Action Reversals

This book by Al Brooks provides a microscopic analysis of reversal patterns. It explains how a trend reversal can be identified in advance from the price action. Patterns like false breakouts, double tops-bottoms, wedge reversals are explained on real charts. This book is highly recommended especially for intraday and short-term traders who work on reversal-based entries. Logical approach and context-based analysis are its core strengths.

8. The Visual Guide to Chart Patterns

This book is the best option for a visual learner. In this, every chart pattern has been explained in a graphical manner, which makes recognition easy. Bulkowski presents dozens of chart patterns’ structure, breakout direction, failure signs, and performance stats through visuals. This is a user-friendly and practical guide for beginners and intermediate traders. An unmatched resource for visually understanding pattern-based decision making.

9. Candlestick Charting Explained

This book by Gregory Morris explains the concepts of candlestick charting in detail and step-by-step. Over 50 individual candlestick patterns and their combinations are thoroughly analyzed. The formation, significance, and reliability of each pattern are statistically validated. The book also contains numerous charts and historical examples, so that theoretical concepts can be easily applied practically. This book is highly useful for mastering candlestick techniques.

10. Chart Patterns

This book explains the identification, reliability, and application strategies of reversal and continuation patterns through case studies and charts. Kamich focuses on the institutional level charting approach, making it a solid resource for advanced traders. Matching fundamental concepts to charts improves the ability to perform real-time trading analysis.

What Makes a Great Chart Pattern Book?

Several key qualities distinguish an excellent chart pattern book as listed below, ensuring it is both informative and practical for traders at any level.

Clear explanation with practical charts : The best chart pattern book is considered to be the one that explains the pattern step-by-step through real charts. Visual clarity is more important than text.
Data and backtesting based analysis : Just identifying the pattern is not enough. A good chart patterns book must have data like historical performance, success/failure ratio. This gives you both confidence and direction in trading.
Easy and understandable illustrations : Good books explain even complex things with simple illustrations, so that even beginner traders can learn easily.
Information about false breakouts and failed patterns : A book that explains not only successful patterns, but also failed patterns and their signals is more reliable.
Matches your trading style : Every trader has a different style day trading, swing or positional. The right book is the one that gives you depth and context according to your need.

How to Choose the Right Chart Patterns Book for You

Every trader has different needs, so it is important to understand your skill level and trading style before choosing a chart pattern book. Below are some important points that will help you choose the right book:

Focus on visuals if you are a beginner : If you are a beginner, choose a book that has charts, examples and easy illustrations. This will help you quickly identify and understand patterns.
Data is important at the intermediate level : If you have some experience, then books that include success/failure rates of patterns, historical analysis and trading strategies will be better.
Advanced traders require in-depth knowledge : If you trade at the pro level, read books that cover topics such as context-based patterns, trading psychology and risk management.
Match your trading style : Whether it is day trading or swing trading, the book should match your strategy.

Conclusion

Understanding chart patterns in trading helps you make better decisions but it starts with a good book. Not every book is right for everyone, but when you choose according to your needs and experience, that book becomes the strongest source of learning. Any of the best chart pattern books mentioned above can point you in the right direction. Start, build understanding slowly and start applying it on real charts that is the real growth.

S.NO.	Check Out These Interesting Posts You Might Enjoy!
1	10 Best Price Action Trading Books
2	Top 10 Option Trading Books in India
3	Top 10 Books for Beginners in Trading & Investing
4	5 Must-Read Best Swing Trading Books for Trader
6	10 Best Algorithmic Trading Books
7	10 Best Personal Finance Books to Read

Frequently Asked Questions (FAQs)

Which is the best chart pattern book for beginners?
Japanese Candlestick Charting Techniques is considered to be an excellent book for beginners.
Are chart pattern books still useful in 2025?
Yes, they are equally useful even today, especially for learning technical analysis.
Can I learn chart patterns without any trading background?
Even without a trading background, anyone can learn chart patterns by starting with the basics.
How long does it take to learn chart patterns?
If you practice daily, you can develop a good understanding in 1-2 months.
Do these books include real chart examples?
Yes, most books contain real charts and case studies.

August 11, 2025

Key Differences Between MTF and Loan Against Shares

There are times when you need money but don’t want to sell your shares. In such a situation, investors now have two easy and smart options to have access to funds: Margin Trading Facility (MTF) and Loan Against Shares (LAS). Both allow you to pledge your shares with your broker to borrow money, without having to sell your investments. Nowadays, both these facilities are becoming increasingly popular among retail investors in India.

In this blog, we will understand in detail what is the difference between MTF and LAS, when which option is better, along with their benefits and risks.

What is a Margin Trading Facility (MTF)?

Margin Trading Facility (MTF) is a facility that allows investors to buy shares of a higher value than the total amount they have. In this, you only have to deposit a fixed margin amount, and the rest of the amount is given to you by the brokerage firm as a loan. You can also consider it as the credit card of the stock market.

How does MTF work in India?

MTF service is being provided today by almost all the major brokers of India like Pocketful, Zerodha, Angel One, ICICI Direct, HDFC Securities, Groww etc.When you buy a share through MTF, those shares do not come to your demat account, but remain in pledged status. That is, until your entire loan is repaid, the shares you bought through MTF remain pledged.

How are shares pledged?

The brokerage firm pledges the shares purchased by you through the margin pledge system of NSDL or CDSL. If the stock price falls and the margin is reduced, you get a margin call meaning you either have to put up more money or the brokerage can sell your shares.

Interest Rate & Tenure

Brokerage companies usually charge 12% to 18% annual interest on MTF. The interest charges are calculated on a daily basis. However, some new digital platforms are now offering the facility at even lower rates. For example, Pocketful platform charges only 5.99% annual interest on MTF, which is currently the lowest in the market.

Check Out – Stocks Available for MTF

What is Loan Against Shares (LAS)?

Loan Against Shares (LAS) is a loan that you get by pledging your existing share holdings. You can think of it like a personal loan, where a bank or NBFC lends you a fixed amount based on your share value but without selling your shares.

How does LAS work?

When you take LAS, you have to pledge the shares in your demat account. The bank or finance company then lends a part of your total invested value (usually 50%–70%) as a loan. This entire process takes place under SEBI regulations and the shares remain in your name, only the bank has a lien on them.

Where is it used?

The biggest advantage of LAS is that this loan is for completely unrestricted use, that is, you can use this amount for business, education, medical expenses, or any personal need. It cannot be used for speculative activities and margin trading.

Interest Rate and Loan Tenure

The interest rates on LAS are usually between 9% and 12% per annum, which is lower than MTF. The loan tenure is also more flexible, sometimes it can be from 12 to 36 months.

Key Differences Between MTF and Loan Against Shares (LAS)

Parameter	Margin Trading Facility (MTF)	Loan Against Shares (LAS)
Purpose	To borrow funds for buying more stocks	To get cash by pledging your existing shares
Offered By	Stock brokers	Banks and NBFCs
Tenure	Short-term typically T+7 or T+30 days	Long-term usually 12 to 36 months
Interest Rate	Around 12%-18% annually	Around 9%-12% annually
Pledging	Shares bought via margin are pledged	Pre-owned shares are pledged
Usage of Funds	Only for buying more stocks	For any personal financial need

When Should You Use MTF?

Margin Trading Facility (MTF) is most useful for those investors who are active in the stock market and think of earning more profits in a short time. If you are confident about the short-term movement of a stock, and you are ready to take a little risk, then MTF can be a smart tool.

For which investors is MTF right?

Focus on short-term trading strategies
Have a high risk tolerance
Are skilled at spotting opportunities and can enter and exit trades quickly

Example : Suppose you have ₹50,000 and you want to buy shares worth ₹1,00,000. Through MTF, you can buy stocks up to twice your budget. If you expect a stock to rise by 10% in 5 days, then with this facility you can earn good returns even with less capital.

Use our Margin Trading Facility Calculator

When is LAS a Better Option?

Loan Against Shares (LAS) is a great option for investors who want to meet some cash needs without selling their long-term share portfolio. In this, you can take a loan by pledging your existing shares and that too without touching your investment.

Who is LAS better for?

Long term investors who do not want to sell their shares
Business owners who need funds for working capital
People who need emergency funds – like medical, children’s fees, or personal expenses
Low-risk investors

Example : Suppose you have shares worth ₹10 lakh in a demat account. You need ₹3 lakh for college fees. You can take LAS from the bank by pledging these shares without selling them and without affecting long-term returns.

Risk Factors to Watch Out For

Both MTF and LAS facilities are very useful for raising funds from the stock market, but they also carry some important risks, which are important to understand.

Risks associated with MTF:

If the stock price falls, there may be a forced square-off, i.e. the brokerage can sell your shares
The interest rate is high (up to 12–18%), which can increase the cost
Dependence on short-term market movement also leads to a higher timing risk

Risks associated with LAS:

If the value of the stock falls, the bank can make a margin call
If the entire portfolio is pledged in a downmarket, the loan-to-value ratio may deteriorate
If the interest or loan is not repaid on time, the bank can sell your shares.

Pocketful MTF vs LAS: Which is Better?

Pocketful MTF has an interest rate of just 5.99% per annum, while Loan Against Shares (LAS) from a bank or NBFC usually attracts an interest rate of 9% to 12%. While LAS takes 2 to 5 days to process, Pocketful MTF is activated within minutes and has very limited documentation.The loan amount in LAS can be used for any requirement, while Pocketful MTF is specifically designed for share trading allowing funds to be used directly for trading, allowing for more focused investing.

Conclusion

Both MTF and Loan Against Shares are effective ways to raise funds from the stock market, but their use depends on your needs and investment style. If you are active in the market and want to make quick profits, then MTF may be right for you. On the other hand, if you already have shares and want cash without selling them, then LAS will be more convenient. Before choosing any option, it is important to understand the interest rate, risk and loan terms thoroughly, so that a wise decision can be taken.

S.NO.	Check Out These Interesting Posts You Might Enjoy!
1	Margin Against Shares: How Does it Work?
2	Top Tips for Successful Margin Trading in India
3	Margin Pledge: Meaning, Risks, And Benefits
4	What is Intraday Margin Trading?
5	What is Operating Profit Margin?
6	Top 10 Highest Leverage Brokers in India – Maximize Profits with Margin Trading

Frequently Asked Questions (FAQs)

What is the key difference between MTF and Loan Against Shares?
MTF is only for buying shares, whereas in LAS you can take cash for any need.
Can I use Loan Against Shares to buy stocks?
No, the money received from LAS cannot be used to buy shares.
What happens if share prices fall in MTF or LAS?
Margin calls can come in both and shares can be sold if needed.
Who should use MTF?
Traders who want to earn quick profits in the short term.
Who should prefer LAS?
Long term investors who need cash without selling shares.

August 11, 2025

Highway Infrastructure IPO Allotment Status: Check Latest GMP & Steps to verify Status

The Highway Infrastructure IPO of ₹130 crores comprises a fresh issue of ₹97.52 crores and an offer for sale (OFS) of ₹32.48 crores. The bidding for the IPO opened on August 5, 2025, and closed on August 7, 2025. The shares of the company are scheduled to be listed on BSE and NSE on August 12, 2025.

Highway Infrastructure IPO Day 3 Subscription Status

Investors Category	Subscription(x)
Qualified Institutional Buyers (QIB)	432.71
Non-Institutional Investors (NII)	473.10
bNII (above ₹10 lakh)	483.92
sNII (less than ₹10 lakh)	451.47
Retail Individual Investors (RII)	164.48
Total Subscriptions	316.64

Total Applications: 46,36,029

Total Bid Amount: ₹33,754 crores

How to check Highway Infrastructure IPO Allotment Status

Highway Infrastructure IPO allotment can be easily checked online in two ways: from the Registrar’s (Bigshare Services Pvt. Ltd.) 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 (Bigshare Services Pvt. Ltd.)

The most reliable way is to check the allotment from Bigshare Services Private limited’s website.

How to do:

Visit Bigshare Services official website
Select “Highway Infrastructure” 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 “Highway Infrastructure” from the IPO list
Enter PAN number and Application number
Click on Search

Objective of the Highway Infrastructure IPO

The primary objective of the Highway Infrastructure IPO is to raise funds to meet the company’s working capital needs and for general corporate purposes. These funds will help support ongoing infrastructure projects and aid in the company’s overall growth.

Objects of the Issue	Expected Amount (in ₹ crores)
Funding Working Capital Requirements of the Company.	65.00
General Corporate Purposes.	–

Highway Infrastructure IPO GMP – Day 3 Update

Date	GMP	Est. Listing Price	Gain
07 August 2025 (Day 3)	₹36	₹106	51.43%

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.

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 3 subscription status of the Highway Infrastructure IPO?
On Day 3, the IPO received a total subscription of 316.64 times, with the QIB portion subscribed 432.71 times, NII subscribed 473.10 times, and the retail portion subscribed 164.48 times.

August 7, 2025

NTPC vs Power Grid: Business Model, Financials & Future Plans Compared

NTPC and Power Grid are major contributors to India’s energy needs. NTPC is the leader in electricity generation, while Power Grid manages the transmission network across the country. In this case study, we will compare NTPC vs Power Grid based on business model, financial performance and future plans. If you want to understand these two companies better or are comparing them for investment purposes, then this blog will be useful for you.

Company Overview: NTPC

NTPC (National Thermal Power Corporation) is a major public sector company under the Government of India, which is considered to be the largest power generating company in the country. It was started in 1975 and today its headquarter is located in New Delhi. Over the years, NTPC has not limited itself to just generating electricity from coal, but now it has also become active in areas like hydro, solar, wind and nuclear.

What does the company do?

NTPC mainly generates electricity through thermal power plants and supplies it to state governments and discoms. At present, its total installed generation capacity is around 80 GW. NTPC has many large power stations across the country – such as Singrauli (UP), Korba (Chhattisgarh), Ramagundam (Telangana) and Vindhyachal (MP). Apart from this, the company is also expanding aggressively in renewable energy.

Recent Major Events : NTPC generated around 438.6 billion units of electricity in 2024-25, which is about 4% more than last year. During this period, the company has also added 3,972 MW of new capacity. NTPC is now moving into areas like green hydrogen, pump storage and nuclear energy, so that it can prepare for the long-term energy needs of the country.
Role and Importance : NTPC is an important part of the country’s baseload power supply – that is, the electricity that is needed 24×7. Its high plant load factor (PLF) makes it one of the most reliable in the industry. NTPC is considered a stable and sustainable company in India’s energy sector, with good stable income with low risk due to power purchase agreements (PPAs) and government support.

Business Model – NTPC Limited

From thermal to renewable : NTPC’s business model is no longer dependent only on coal. It has also become active in hydro, solar, wind and nuclear power. This is a big step towards energy transition, which makes the company look ready for the future.
Long-term PPAs : NTPC’s biggest strength is its long-term power purchase agreements (PPAs). These agreements give it assured revenue and stability of income, which is a sign of confidence for investors.
Beyond production – own coal mining : NTPC is now mining coal on its own along with power generation. This gives it self-sufficiency in fuel supply and keeps costs under control.
Government support and strategic expansion : Being under the central government, NTPC benefits from strategic plans, grid support and funding. This company is not only moving towards commercial success, but is also contributing to India’s net zero goal.

Company Overview : Power Grid Corporation of India

Power Grid is an important public sector company of the Government of India, which handles the electricity transmission network of the country. It was established in 1989 and is headquartered in Gurugram, Haryana. Today Power Grid manages more than 85% of the country’s inter-state transmission, which delivers electricity generated in one corner of the country to another.

What does the company do?

Power Grid primarily builds, operates and maintains high voltage transmission networks. It ensures that electricity from power producers across the country is transmitted to states and distribution companies in a safe and stable manner. Today it has more than 1.80 lakh kilometers of transmission lines and more than 5.5 lakh MVA of transformation capacity.

Recent major events : The company also commissioned several new lines this year and increased investments in projects such as Green Energy Corridor, North East Grid, and Digital Transmission Network. Apart from this, the company also monetized some transmission assets through its existing PGInvIT scheme.
Role and Importance : Power Grid is the backbone of the country’s 24×7 power supply system. Without it, power generating companies cannot deliver their product to customers. The company’s regulated tariff model and stable cash flow make it a reliable option for investors. It is a company that works on low risk and stable returns.

Business Model – Power Grid Corporation

Transmission Focused Operation : Power Grid’s entire business is based on power transmission. It operates ultra high voltage transmission lines across the country and maintains the balance of power between states.
Regulated Return Model : Its business model is based on tariffs fixed by CERC, which gives the company a fixed return, regardless of whether the demand is low or high. This keeps the company’s earnings stable.
Infrastructure Monetization : Power Grid has monetized some of its assets through PGInvIT, which gives it capital to invest in new projects and keeps the balance sheet light.
New initiatives and digital grid : The company is now moving beyond traditional transmission and entering areas like electric vehicle charging, fiber network, and digital substation. This is preparing it for the future transmission model.

Comparative Analysis : NTPC Vs Power Grid

Particulars	NTPC	Power Grid
Current Price (₹)	333	292
Market Cap (₹ Crores)	3,23,093	2,71,671
52-W High (₹)	448	366
52-W Low (₹)	293	247
FII Holdings as of March 2025	17.79%	26.78%
DII Holdings (as of March 2025)	27.33%	18.35%
Book Value (₹)	190	99.6
PE Ratio	13.8	17.5

(Data as of 7 August 2025)

Financial Statements Analysis

Income Statement Comparison

Particulars	NTPC	Power Grid
Total Income	190,862	47,459
Total Expenses	147,709	19,354
EBIT	43,152	28,104
Net Profit	21,739	15,631

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

Balance Sheet Comparison

Particulars	NTPC	Power Grid
Current Liabilities	104,502	40,245
Current Assets	111,782	39,376
Reserves & Surplus	174,374	83,362

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

Cash Flow Statement Comparison

Particulars	NTPC	Power Grid
Cash Flow from Operating Activities	50,435	36,223
Cash Flow from Investing Activities	-45,799	-23,533
Cash Flow from Financing Activities	-4,073	-12,357

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

Key Performance Ratios (KPIs)

Particulars	NTPC	Power Grid
Operating Profit Margin (%)	20.96	60.77
Net Profit Margin (%)	11.55	34.13
ROE (%)	12.72	16.75
ROCE (%)	9.40	12.32
Debt to Equity (x)	1.34	1.41

(Data as of March 2025)

Future Plans of NTPC Limited

Towards sustainability through Brighter Plan 2032 : NTPC has set a target of decarbonisation, water conservation and net-zero townships by 2032. The company wants to make its townships Scope-2 net zero by FY25-26.
Fast pace in renewable energy : NTPC aims to add 60 GW of green energy (solar, wind, hydro) capacity. In FY25, the company added 3 GW solar and 2 GW thermal capacity.
Big planning in nuclear energy : NTPC is now also venturing into nuclear power and plans to add 30 GW capacity in the coming years, including sites like Mahi Banswara.
Capex and innovation : The company will invest ₹87,600 crore between FY25-27, including renewable projects and 1,000 MW of pumped storage.

Future Plans of Power Grid Corporation of India

Emphasis on green energy transmission : Power Grid has put a big focus on the green energy corridor. With the support of the government, the company is laying new transmission lines for renewable energy across the country.
Capex and network expansion : The company is investing more than ₹10,000 crore in FY25, especially for expanding the transmission network and substation modernization.
International expansion : Power Grid is working on interconnection projects outside India to Nepal, Bhutan, and Bangladesh to increase trans-national power trading in the future.

Who is better: NTPC vs Power Grid?

Business area and focus : NTPC is primarily focused on power generation, which includes sources like thermal, hydro, solar and nuclear, while Power Grid’s focus is completely on transmission and grid management. Both companies are the backbone of the power sector, but their role is different.
Revenue and profitability : NTPC’s revenue comes mainly from power generation and the company’s scale is large. Power Grid’s revenue is stable and less risky as its business model is based on long-term transmission projects. Both have good EBITDA margins, but there is a difference in structure.
Growth and capex plans : NTPC is expanding extensively in segments like renewable and nuclear, while Power Grid is investing in future transmission networks and digital operations. Both have long-term and stable growth strategies.
Direction of Green Energy : NTPC aims to achieve more than 60 GW of green energy capacity by 2032. Power Grid, on the other hand, is developing the transmission infrastructure of green energy so that the reach of renewable power can increase across the country.
Risk and Stability : NTPC’s model is slightly more capital intensive and regulatory risky due to being linked to generation. Whereas Power Grid’s transmission business remains relatively stable and predictable.

Both companies have their own expertise and niche. No company can be said to be better as it depends on the investor’s objective and risk profile.

Conclusion

NTPC and Power Grid both companies are playing a very important role in India’s energy system. One generates electricity, the other supplies it across the country. Their presence will not only strengthen India’s energy infrastructure, but will also help meet future needs. Both have different strategies, expansion plans and performance, but it is not easy to call one better. It is clear from this comparison that both these companies will continue to be a strong base in India’s growth story.

S.NO.	Check Out These Interesting Posts You Might Enjoy!
1	Tata Power Vs Adani Power
2	Tata Motors vs Maruti Suzuki
3	Tata Steel vs. JSW Steel
4	TCS vs Wipro
5	IndiGo vs SpiceJet

Frequently Asked Questions (FAQs)

What is the core difference between NTPC and Power Grid?
NTPC generates electricity (generation) while Power Grid transmits electricity across the country.
Which company is older – NTPC or Power Grid?
NTPC is older; it was established in 1975, while Power Grid was formed in 1989.
Are both NTPC and Power Grid government-owned companies?
Yes, both are government companies and come under the central government.
Which company has more revenue – NTPC or Power Grid?
As per the data of 2025, NTPC has more revenue income.
Are NTPC and Power Grid good for long-term investment?
Both these companies run on stable and strong business models, so they are considered suitable for long-term investment.

August 7, 2025

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

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.

S.NO.	Check Out These Interesting Posts You Might Enjoy!
1	Tata Motors vs Maruti Suzuki
2	Tata Steel vs. JSW Steel
3	Apollo Hospitals vs Fortis Healthcare:
4	Tata Steel vs. JSW Steel
5	MRF vs Apollo Tyres

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.

S.NO.	Check Out These Interesting Posts You Might Enjoy!
1	CAT Bonds: An Easy Explainer
2	What Is Bowie Bond (Music Bonds) : History, Features, Advantages & Disadvantages
3	Detailed Guide on Bond Investing: Characteristics, Types, and Factors Explained
4	Benefits of Investing in Bonds
5	Stocks vs Bonds: Difference Between Bonds and Stocks
6	Explainer on Green Bonds: History, Process, Pros, Cons, and Future Outlook
7	Types of Bonds in India

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 Calculator 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.

S.NO.	Check Out These Interesting Posts You Might Enjoy!
1	Margin Against Shares: How Does it Work?
2	Top Tips for Successful Margin Trading in India
3	Margin Pledge: Meaning, Risks, And Benefits
4	What is Intraday Margin Trading?
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

Blog

JSW Cement IPO Day 3 Subscription Status

How to Check JSW Cement IPO Allotment Status

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

How to do:

Method 2: Check from BSE or NSE’s website

How to do:

Objective of the JSW Cement IPO

JSW Cement IPO GMP – Day 3 Update

JSW Cement IPO – Key Details

Important Dates for JSW Cement IPO Allotment

JSW Cement Overview

Frequently Ask Questions (FAQs)

What is the opening and closing date of the JSW Cement IPO?

What is the price band of the JSW Cement IPO?

What is the GMP (Grey Market Premium) of the JSW Cement IPO today?

What is the total issue size of the JSW Cement IPO?

What is the expected listing date of the JSW Cement IPO?

Top 10 Best Chart Patterns Books for Traders (2025 List)

Brief Overview of the Chart Patterns Books

1. Encyclopedia of Chart Patterns

2. Technical Analysis Using Multiple Timeframes

3. Trading Classic Chart Patterns

4. Japanese Candlestick Charting Techniques

5. Trading Price Action Trends

6. Price Action Breakdown

7. Trading Price Action Reversals

8. The Visual Guide to Chart Patterns

9. Candlestick Charting Explained

10. Chart Patterns

What Makes a Great Chart Pattern Book?

How to Choose the Right Chart Patterns Book for You

Conclusion

Frequently Asked Questions (FAQs)

Which is the best chart pattern book for beginners?

Are chart pattern books still useful in 2025?

Can I learn chart patterns without any trading background?

How long does it take to learn chart patterns?

Do these books include real chart examples?

What is a Margin Trading Facility (MTF)?

How does MTF work in India?

How are shares pledged?

Interest Rate & Tenure

What is Loan Against Shares (LAS)?

How does LAS work?

Where is it used?

Interest Rate and Loan Tenure

Key Differences Between MTF and Loan Against Shares (LAS)

When Should You Use MTF?

For which investors is MTF right?

When is LAS a Better Option?

Who is LAS better for?

Risk Factors to Watch Out For

Risks associated with MTF:

Risks associated with LAS:

Pocketful MTF vs LAS: Which is Better?

Conclusion

Frequently Asked Questions (FAQs)

What is the key difference between MTF and Loan Against Shares?

Can I use Loan Against Shares to buy stocks?

What happens if share prices fall in MTF or LAS?

Who should use MTF?

Who should prefer LAS?

Highway Infrastructure IPO Day 3 Subscription Status

How to check Highway Infrastructure IPO Allotment Status

Method 1: Registrar’s website (Bigshare Services Pvt. Ltd.)

How to do:

Method 2: Check from BSE or NSE’s website

How to do:

Objective of the Highway Infrastructure IPO

Highway Infrastructure IPO GMP – Day 3 Update

Highway Infrastructure IPO – Key Detail

Important Dates for Highway Infrastructure IPO Allotment

Highway Infrastructure Overview

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 3 subscription status of the Highway Infrastructure IPO?