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Day 2 of IPO bidding sees strong interest in several issues. Anlon Healthcare and Vikran Engineering IPOs, along with Sattva Engineering Construction and Current Infraprojects IPOs, were fully subscribed on Day 1. Grey market premiums suggest positive listing prospects, with Current Infraprojects showing the highest GMP of 56%.

Investors eagerly await Reliance Industries AGM tomorrow, anticipating updates on the potential IPO timelines for Jio and Retail. Market analysts are also keen on insights into Jio s AI strategy, particularly the JioBrain platform. Further expectations include progress reports on the new energy business, Jio and Retail business growth targets, and the company s petchem expansion plans.

In 2025, the Indian primary market sees 121 IPOs, but 39 stocks trade below their issue price. SME IPOs are hit hardest, with 30 in the red. Arunaya Organics falls the most, down 58%. Nine mainboard listings also quote below their price band. Experts anticipate the upbeat sentiment to continue.

Mangal Electrical Industries is set to debut on the stock exchanges following a highly successful IPO that was oversubscribed nearly 10 times. The IPO witnessed strong participation from institutional and retail investors. The company intends to use the IPO proceeds for debt repayment, capital expenditure, and working capital needs, aiming to expand its operations and enhance its market position.

Anlon Healthcare’s IPO is commanding a 4.4% grey market premium over its upper price band of ₹91, indicating a likely listing around ₹95 and hinting at modest debut gains.

Hindustan Aeronautics Limited (HAL) is set to benefit as India nears a $1 billion deal with General Electric (GE) for 113 F404-IN20 engines to power the LCA Mk1A. The order, linked to the Indian Air Force’s expanded fleet requirements, builds on earlier engine contracts and strengthens HAL’s role in India’s indigenous fighter aircraft programme.

A large block deal of 1.56 million HDFC bank shares was executed just a day after the bank’s stock price adjusted for its recent 1:1 bonus issue, which took effect on Tuesday. Block deals are bulk trades between big investors, executed via a separate window to avoid adding volatility to regular market trading.

Trump s latest tariff decision now extends to Indian solar exports, creating fresh trouble for India’s clean-energy ambitions.

India’s FY26 GDP growth may dip by up to 40 bps as steep US tariffs hit exports, especially in jewellery, leather, autos, and electrical machinery. HDFC Bank’s Sakshi Gupta warns of ripple effects on jobs, investments, and sentiment, though pharma, electronics, semiconductors, and petroleum remain unaffected.