PhysicsWallah Files for ₹4,600 cr IPO

• Despite global uncertainty from Trump's tariff policies and rising geopolitical tensions, Indian markets surged on Tuesday. The Sensex soared over 1,200 points, while the Nifty 50 reclaimed 22,850 amid broad-based buying.

• Midcap and Smallcap indices gained up to 3%, with Nifty Media and Realty leading sectoral gains.

• Valuation comfort, particularly in large caps, is driving the rally. The Nifty 50’s PE ratio, at 20, is near a three-month low.

• With inflation below RBI’s 4% target, expectations of rate cuts are rising. SBI Research predicts a total 75 bps repo rate cut in 2025, with 25 bps reductions in April, June, and October.

PB Fintech +7.09%

• Shares of PB Fintech jumped 7% on March 18 after Kotak Institutional Equities upgraded the stock to 'add,' citing strong growth prospects and attractive valuations.

• KIE set a price target of ₹1,525, implying a nearly 13% upside from Monday's close.

Bajaj Finserv (1.34%)

• Shares of Bajaj Finserv fell 2% to ₹1,836.15 on the BSE in Tuesday’s intra-day trade due to profit booking after announcing the acquisition of Allianz’s 26% stake in their insurance JVs for ₹24,180 crore.

• India and New Zealand target FTA conclusion in 60 days. (BBC)

• India's real estate leads APAC with an 88% investment surge in H2 2024. (ET)

• Paytm Money secures SEBI approval to operate as a research analyst. (ISN)

• Retail gold sales drop 25% due to rising prices. (ET)

• Govt sets up inter-ministerial panel to boost fintech ecosystem. (EN)

• PhysicsWallah confidentially files for ₹4,600 crore ($531Mn) IPO. (MC)

• Amazon considers India IPO, discussing country unit spin-off: Report. (MC)

• Pine Labs plans IPO in H2 2025. (TP)

This week’s mainboard IPO schedule

• Arisinfra Solutions

  • Offering Period: 20 March - 25 January, 2025

  • Listing Date: March, 2025

  • Issue Price: TBC

  • Lot Size: TBC

M&A / Investments

• Barclays strengthens India operations with ₹2,300 crore ($265Mn) infusion. (BS)

• Brookfield Corp offloads 5.13% stake in BIRET for ₹883 crore ($102Mn). (BS)

VC

• Brigade Group and Gruhas launch ₹300 crore ($346Mn) Earth Fund. (YS)