India’s IPO market is witnessing a strong wave of activity this week with six new issues, including HDB Financial Services, Globe Civil Projects, Kalpataru, Indogulf Cropsciences, Sambhv Steel Tubes, and Ellenbarrie Industrial Gases. Grey market premiums (GMPs) show varying levels of investor enthusiasm, signaling mixed but mostly positive listing expectations across sectors.

India’s primary market continues to witness high investor activity with six initial public offerings (IPOs) making headlines this week. Among the notable names are HDB Financial Services, Globe Civil Projects, Kalpataru Projects International Ltd., Indogulf Cropsciences, Sambhv Steel Tubes, and Ellenbarrie Industrial Gases.

Investors are closely tracking the grey market premium (GMP) for insights into expected listing performance. Grey market activity has seen upward trends across most IPOs, reflecting broader market optimism supported by healthy macroeconomic signals and liquidity conditions.

HDB Financial Services IPO GMP

HDB Financial Services, a non-banking financial company (NBFC) backed by HDFC Bank, shows a GMP of ₹50.5, indicating an expected listing price of ₹790.5 against its issue price of ₹740 — a 6.82% gain. The GMP has ranged from ₹0.00 to ₹104.50 over the past few sessions.

Globe Civil Projects IPO GMP

Globe Civil Projects, operating in infrastructure development, shows a GMP of ₹15, suggesting a listing at ₹86, or 21.13% above its issue price of ₹71. The trend over 12 sessions reflects stable and growing investor interest.

Kalpataru Projects IPO GMP

Kalpataru Projects, known for its power transmission and infrastructure business, has a modest GMP of ₹3, indicating a minor premium with an estimated listing price of ₹417 against the IPO price of ₹414 (0.72% gain). Its GMP trajectory suggests a steady listing, with values between ₹0 and ₹11 in the past 14 sessions.

Ellenbarrie Industrial Gases IPO GMP

Kolkata-based Ellenbarrie Industrial Gases, a prominent player in the gas supply and logistics space, has a GMP of ₹19, projecting a listing price of ₹419, 4.75% above its issue price of ₹400. The IPO has seen a GMP peak of ₹26.

Sambhv Steel Tubes IPO GMP

Sambhv Steel Tubes, engaged in manufacturing of pipes and tubes, shows a GMP of ₹10, translating to an estimated listing of ₹92, which is 12.20% higher than the IPO price of ₹82. GMP trend has remained positive with a range of ₹0 to ₹11.

Indogulf Cropsciences IPO GMP

Noida-based Indogulf Cropsciences, a manufacturer of crop protection products, has a GMP of ₹11, indicating a listing price of ₹122, which is 9.91% above its IPO price of ₹111.

IPO Market Outlook

Analysts say that the performance of these IPOs reflects strong investor confidence in India’s growth outlook for FY26. Sectors ranging from agriculture and manufacturing to finance and infrastructure are attracting broad-based interest, offering diverse exposure for retail and institutional investors alike.

As per market experts, the continuing upward trend in GMPs is a reflection of optimism in India’s capital markets, although they also caution that post-listing performance will depend on broader economic cues and sectoral earnings.

Read the full article here: India’s Primary Market Enters a Majestic Boom with Six New IPOs — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

From redefining branding and fertility to revolutionizing pet care and gamified entertainment, these 10 startup founders are reshaping India’s entrepreneurial landscape. Their innovative, inclusive, and impact-driven ventures are setting the tone for what business leadership looks like in 2025.

In a world where innovation meets resilience, 2025 introduces a new generation of startup founders who are not only creating profitable ventures but are also building legacies that inspire change. From redefining healthcare and branding to revolutionizing entertainment and pet care, these ten leaders represent the future of Indian entrepreneurship—bold, purpose-driven, and transformative.

1. Dushyant Sinha – Founder, ICCPL Group

From a modest PR firm to one of India’s largest communication agencies in the real estate sector, Dushyant Sinha’s ICCPL Group manages over 1,600 campaigns and 500+ clients across India and the UAE. His data-driven approach and vision for perception management have redefined the communications industry.

2. Nitin Jain – Founder, India PR Distribution

With over two decades of PR experience and an MBA from Thames Valley University, Nitin Jain has built India PR Distribution into a go-to platform for startups and SMEs to amplify their media presence. With accolades like “Best PR Agency” and “Most Trusted PR Firm,” IPD’s impact spans industries.

3. Vidya Venkatraman – Founder, Meraki & Co

A force in purpose-driven branding, Vidya has built over 150 brands and now plans global expansion into Dubai, Singapore, and London. Her philosophy—creating with soul—has positioned Meraki as a branding agency that doesn’t just sell stories, it shapes futures.

4. Dr. Mannan Gupta – CEO & Chairman, Delhi IVF

As the second-generation leader of Delhi IVF, Dr. Gupta is blending 35 years of family legacy with modern technologies like AI and Pre-Genetic Testing. With five clinics and industry-leading success rates, he’s working to make fertility solutions more accessible across India.

5. Ambika Saxena – Group CEO, TWH Hospitality

With projects like Boho Box and Boho By The Beach, Ambika Saxena is redefining Indian hospitality by curating boutique experiences rooted in culture, care, and community. Her people-first model ensures travel that heals and empowers, with new projects like Boho Court on the horizon.

6. Vikas Mahesh Aroraa – Founder & CEO, Eassylife

Vikas brings over three decades of marketing experience, having worked with brands like VIP, HDFC, and Sony TV. He’s helped build billion-dollar brands and successfully revived legacy companies. With Eassylife, he now aims to simplify and empower modern living through strategic innovation.

7. Shobhit Agarwal – Director, Merch Studio Pvt. Ltd

Shobhit is turning merchandise into a branding experience. By collaborating with giants like Apollo Tyres, Honda Power, and Cinepolis, his firm delivers bespoke merchandise solutions that tell stories and forge emotional connections between brands and consumers.

8. Manish Kumar Agrawal – Gen AI Strategist & Digital Transformation Leader

With a powerful blend of technical knowledge and strategic vision, Manish is driving AI-powered transformation across industries. With 17+ years of experience at global consulting firms, he’s enabling organizations to unlock value through Gen AI and digital innovation.

9. Ankur Maheshwary – Founder, Masti Zone

Masti Zone is redefining indoor entertainment in India, with 30+ centers and over 100 planned. Ankur combines his engineering and global MBA background to create immersive AR/VR experiences. As IAAPI 2025 Chair, he also champions youth and industry advancement.

10. Simol Shah – Co-founder, Pet Haven

Together with Zimita Shah, Simol has created a heart-first pet care brand that blends compassion with craftsmanship. Pet Haven’s handcrafted products and growing community are setting new benchmarks in pet lifestyle, soon expanding into cafes, events, and global partnerships.

These founders exemplify what it means to lead with purpose in a complex, ever-evolving world. Whether it’s by empowering communities, transforming industries, or pushing the boundaries of creativity and technology, their journeys are worth watching—and learning from.

Read the full article here: India’s Next Titans: 10 Startup Founders Defining 2025 — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).