Trendlyne Analysis Broker Research reports

The mainboard segment is seeing a pickup in activity, with two new IPOs set to launch after a quiet couple of weeks. The SME segment remains active with two IPOs opening for subscription, two ready to list, and one having listed on May 19.

In April, Consumer Price Index (CPI) inflation eased to 3.2%, while Wholesale Price Index (WPI) inflation declined to 0.9%. This sharp sequential drop in WPI inflation was mainly driven by lower food & fuel prices.


Bank of America analysts believe that food prices will remain “in check,” while core inflation will climb due to higher gold prices. The brokerage forecasts that GDP growth will recover to 6.7%, compared to the 6.2% seen in Q3FY25.

Investors can expect increased activity in the primary market this week, with three SMEs launching their IPOs. Ather Energy will list on May 6, while four other SME IPOs will debut, following one that listed last week.

Action is back in the primary market, with Ather Energy set to launch the first mainboard IPO in over two months. The SME segment will see even more activity, with four IPOs expected to hit Dalal Street, and one SME IPO listing this week.

This week, only one IPO is lined up in the SME segment, with no listings scheduled and no debuts seen last week.

In March, Consumer Price Index (CPI) inflation eased to 3.3%, while Wholesale Price Index (WPI) inflation declined to 2.1%. This sharp sequential drop in headline CPI inflation was mainly driven by lower food prices.

Aditi Nayar, Chief Economist at ICRA, noted that rising temperatures could push up prices of perishables in the coming weeks. Although the initial above-normal monsoon forecast is positive, its timing and distribution will be crucial for agricultural output and food inflation.

This week, the primary market is quiet, with no new IPOs scheduled on either the mainboard or the SME segments. However, two companies are set for listing after four made their debut last week.

The mainboard IPO segment has no new launches this week, but the SME segment remains active. Three SME IPOs are currently ongoing, and three companies will make their market debut, following four listings last week.

This week, six new SME IPOs are set to open, while three companies will make their market debut, following four listings last week.

In February, Consumer Price Index (CPI) inflation eased to 3.6%, while Wholesale Price Index (WPI) inflation ticked up to 2.4%. The Manufacturing Purchasing Managers' Index (PMI) decreased compared to the previous month, while Services PMI witnessed a surge.

The unemployment rate rose in February. Foreign institutional investments (FII) and and mutual funds (MF) witnessed outflows during the month. Crude oil prices declined on a MoM basis in February.

The mainboard IPO market will stay inactive for the fourth consecutive week. Four IPOs will open in the SME segment this week, and one is scheduled for listing, following three debuts last week.

The mainboard IPO market will remain inactive for the third straight week. Activity in the SME segment is also slowing, with only one IPO set to open next week. Three IPOs are set for listing this week, while three others made their debut last week.

SME action continues with three IPOs opening and three listings. Last week saw six IPO debuts, including two in the mainline segment.

In January 2025, Consumer Price Index (CPI) inflation eased to 4.3%, while Wholesale Price Index (WPI) inflation ticked down to 2.3%. The Manufacturing Purchasing Managers' Index (PMI) increased compared to the previous month, while services PMI witnessed a decline.

The unemployment rate rose marginally in January 2025. Foreign Institutional Investment (FII) and and mutual funds (MF) witnessed outflows during the month. Crude oil prices rose on a MoM basis in January 2025.

IPO activity remains steady, with eight companies set to list this week, three opening for subscription, and six that debuted last week.

In December 2024, Consumer Price Index (CPI) inflation eased to a four-month low of 5.2%, while Wholesale Price Index (WPI) inflation ticked up to 2.4%. The manufacturing Purchasing Managers' Index (PMI) declined marginally compared to the previous month, while services PMI increased.

The unemployment rate fell in December 2024. Foreign Institutional Investment (FII) and mutual funds (MF) witnessed outflows during the month. Crude oil prices rose on a MoM basis in December.

In November 2024, Consumer Price Index (CPI) inflation eased to 5.5% from a 14-month high of 6.2% in the previous month, while Wholesale Price Index (WPI) inflation fell to 1.9%. The Purchasing Managers' Index (PMI) decreased compared to the previous month.

The unemployment rate fell in November 2024. Foreign Institutional Investment (FIIs) and mutual funds (MFs) witnessed outflows during the month. Crude oil prices fell on a MoM basis in November.

In October 2024, Consumer Price Index (CPI) inflation surged to a 14-month high of 6.2%, while Wholesale Price Index (WPI) inflation accelerated further to 2.4%. The Purchasing Managers' Index (PMI) increased compared to the previous month.

The unemployment rate picked up in October 2024. Foreign Institutional Investment (FII) witnessed an outflow during the month, while mutual funds (MF) saw an inflow. Crude oil prices rose on a MoM basis in October.

In September 2024, the total number of passengers carried by Indian domestic airlines increased 6.4% YoY to 130.3 lakh. Total departures by scheduled carriers increased by 2.6% YoY to 86,275.

India's total wireless subscriber base increased by 19.3 lakh subscribers MoM on a net basis, reaching 116.4 crore in August.

Reliance Jio and BSNL gained active subscribers MoM, while Bharti Airtel and Vodafone lost subscribers MoM.