Whalesbook
SEBI ka bada faisla, companies ke liye relief!
Market mein jo aajkal paisa raise karna thoda difficult ho gaya hai, usko dekhte hue SEBI ne kuch important steps uthaye hain. Basically, yeh ek one-time relief hai un companies ke liye jo capital market mein challenges face kar rahi hain.
Kya hai naya update?
SEBI ne bataya hai ki ab Initial Public Offering (IPO) approvals ki validity extend kar di gayi hai. Pehle yeh approval sirf 12 mahine ke liye valid hota tha, lekin ab yeh period badha diya gaya hai. Yeh khas kar un companies ke liye faydemand hai jinka approval April se June 2025 ke beech expire hone wala tha. Iska fayda Veritas Finance, Credila Financial Services, Hero FinCorp, aur Greaves Electric Mobility (Jo Greaves Cotton Ltd. ka part hai) jaise companies ko milega.
Iske alawa, SEBI ne minimum public shareholding (MPS) rule ko follow karne ke liye bhi ek one-time exemption di hai. Jo companies April 1 se September 30, 2026 ke beech MPS compliance deadline pura karne wali thi, unko penalties se chhoot mili hai. Dorf Ketal Chemicals jaise listed companies ko bhi agar woh koi aur capital action le rahe hain toh iska benefit mil sakta hai.
Market ki asli problem abhi bhi hai!
Halanki SEBI ne yeh relaxations di hain, par market ki asli issues abhi bhi wahi hain. Geopolitical tensions ki wajah se global aur Indian markets mein kafi volatility hai, jisne investors ki interest kam kar di hai. Isliye, bahut si companies ne apne IPO plans postpone kar diye hain, kyunki unko valuations ko lekar concern hai aur recent IPOs ka performance bhi listing ke baad theek nahi raha.
Jaise Hero FinCorp aur Credila Financial Services jaise NBFC sector ki companies ke liye capital raise karna bahut zaroori hai, par current conditions mein accha valuation milna mushkil hai. Dorf Ketal Chemicals ki market cap around ₹4,500 crore hai aur P/E ratio lagbhag 25x hai, jabki Greaves Cotton Ltd. 30x ke P/E par trade kar raha hai. Yeh figures dikhate hain ki market easily high valuations nahi de raha.
Fundamental Issues Still Exist
SEBI ke yeh naye rules temporary help de sakte hain, par listing ya compliance ke fundamental risks ko change nahi karte. Analysts bhi Indian stocks ko lekar cautious hain due to inflation, interest rates, aur geopolitical risks. Isliye, investors abhi bhi value aur stable post-listing performance par hi focus karenge.