Meesho Picks Banks For $1B IPO

March 25, 2025 • Reading Time: 6 minutes

Hello,
Markets extended gains on Monday, rising over 1%, as the ongoing recovery pushed the Nifty 50 into positive territory for 2025. The Indian rupee had its best day in two months on Friday, marking its strongest week in over two years, driven by US dollar inflows and the unwinding of speculative long-dollar positions.

In corporate developments, Meesho has appointed Morgan Stanley, Kotak, and Citi as bankers for its ₹8,552 crore IPO. ABC Impact invested ₹150 crore in DCDC Kidney Care, while Mt K Kapital announced plans for a second real estate fund with a ₹2,500 crore corpus.

As of 24/03/25

  • The Indian stock market extended its gains on Monday, with the Sensex and Nifty 50 rising over 1% each, following last week’s sharp 4% surge. This recovery has turned the Nifty 50 positive for 2025, breaking a five-month losing streak since October 2024.

  • Market analysts attribute the rally to value buying in large-cap stocks, as recent corrections have brought valuations below the 10-year average.

  • A softer US dollar and declining crude oil prices further support sentiment, despite ongoing trade and geopolitical uncertainties.

  • Meanwhile, the Indian rupee posted its best day in two months on Friday, marking its strongest week in over two years amid US dollar inflows and unwinding of speculative long-dollar positions.

Nifty 50

1.32%

23,658.35

BSE Sensex

1.40%

77,984.38

Nifty Bank

2.20%

51,704.95

Nifty IT

1.40%

37,217.05

Nifty Vix

8.95%

13.70

10 yr Bond

1.63%

6.74

USD>INR

(0.46%)

85.60

Source: Moneycontrol

Poonawalla Fincorp +3.67%

  • Poonawalla Fincorp shares jumped nearly 4% after launching an AI-powered underwriting solution developed with IIT Bombay.

  • This advanced tool leverages Large Language Models (LLM) and Machine Learning (ML) to automate credit evaluation, enabling faster decision-making for credit managers.

Titan Company (2.74%)

  • Titan shares fell 3% after Ambit Securities warned of a possible slowdown in Q4 growth momentum. Ambit's concerns have added to investor caution, especially amid broader worries about weak discretionary spending demand.

  • The stock has already dropped 18% in six months, underperforming the Nifty 50’s 9% decline.

  • ONDC surpasses 200 million transactions in two years. (ISN)

  • Sebi relaxes regulations for foreign investors and alternative investment funds. (Mint)

  • RBI issues revised priority sector lending guidelines to enhance credit access. (ET)

  • Meesho selects Morgan Stanley, Kotak, and Citi as bankers for its ₹8,522 crore ($1Bn) IPO. (MC)

  • Tata Capital raises ₹1,500 crore ($175Mn) from Tata Sons and IFC through a rights issue. (BS)

There are no mainboard IPOs this week.

M&A / Investments

  • ABC Impact invests ₹150 crore ($17.5Mn) in DCDC Kidney Care. (YS)

  • BlackBuck boosts vehicle financing with ₹40 crore ($4.5Mn) infusion. (YS)

  • Actis acquires Stride Climate Investments. (YS)

  • Tata AutoComp to acquire IAC Sweden to strengthen its European presence. (BS)

  • Groyyo acquires a 51% stake in US-based Oussum Inc. (YS)

  • M&M is in talks to acquire Sumitomo Corporation's stake in SML Isuzu. (BS)

Debt

  • Curefoods raises ₹56 crore ($6.6Mn) in debt from BlackSoil Group. (YS)

VC/Funds

  • Mt K Kapital plans a second real estate fund with a ₹2,500 crore ($292Mn) corpus. (BS)

Category

Company

Amount

FMCG Chain

Apna Mart

₹214 crore ($25Mn)

Mobility

Taxi’na

₹1.5 crore ($175k)

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