Equirus

We are pleased to announce that Equirus acted as Advisor and Book Running Lead Manager to Lalithaa Jewellery Mart on its ~INR 1,700 crore IPO transaction.

With a strong presence across South India, Lalithaa Jewellery Mart operates 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry, with a retail footprint spanning over 6.5 lakh sq. ft. The company offers a diverse portfolio of gold, silver and diamond jewellery, with a strong focus on value-conscious consumers and regional preferences.

Key transaction highlights:

• Equirus led the transaction as Book Running Lead Manager

• At ~INR 1700 crore, it marked the largest IPO in India’s jewellery space

• IPO witnessed 153.6x QIB subscription

• Overall subscription of 66.3x, reflected confidence across investor categories and effective outreach

The transaction reflects Equirus’ deep sector expertise in jewellery and further strengthens our track record in the consumer and retail IPO space.

Foreign portfolio investors (FPIs) are returning to Indian equities, supported by improving earnings, greater currency stability and the relative resilience of domestic markets.

Vishad Turakhia, Managing Director and CEO, Equirus Securities, said, “currency stability, earnings, valuations and changing global investment preferences were collectively improving the case for India.”

Read The Hindu Business Line article here: https://www.thehindubusinessline.com/markets/fpis-are-back-strong-earnings-stable-rupee-and-robust-ipo-market-attract-foreign-capital/article71380367.ece

Equirus Securities Private Limited

SEBI Reg. No. :

Broking: INZ000251536

Research Analyst: INH000001154

For further details kindly visit on : https://equirussecurities.com/

India’s auto component industry is entering a new phase of growth, driven by rising demand for lightweight components, advanced lighting, driveline systems and high-value forgings.

According to Equirus Securities report, Indian auto component makers could tap a ₹9,000–10,000 crore addressable market in light weighting products by FY31, supported by tighter fuel-efficiency norms, higher content per vehicle and expanding export opportunities.

Read Fortune India article here: https://www.fortuneindia.com/auto/auto-component-players-eye-10000-crore-lightweighting-opportunity-by-fy31-as-cafe-norms-tighten-equirus/154703

Equirus Securities Private Limited
SEBI Reg. No. :
Broking: INZ000251536
Research Analyst: INH000001154
For further details kindly visit on : https://lnkd.in/gs7F8HY2

Auto component players eye ₹10,000 crore lightweighting opportunity by FY31 as CAFE norms tighten: Equirus Indian auto component makers are eyeing a ₹9,000-10,000 crore lightweighting opportunity by FY31 as tighter CAFE 3 fuel-efficiency norms, rising technology content and growing exports drive demand for control arms, torsion beams, subframes, lighting, forgings and driveline components, according to...

UPI is evolving beyond everyday digital payments to become a structural enabler of capital-market participation, supporting everything from IPO and mutual fund payments to routine broker funding.

Sharing his perspective, Rohan Mandora, Associate Director, Equirus Securities, highlighted the growing role of UPI in making capital-market transactions more seamless, secure and accessible.

Read The Hindu Business Line article here: https://www.thehindubusinessline.com/money-and-banking/upi-adoption-accelerates-in-capital-markets-led-by-brokers-and-rising-retail-participation/article71368981.ece

As India’s data consumption and 5G adoption continue to expand, telecom infrastructure is emerging as an important investment theme.

Vijay Agrawal, Sector Lead – Infrastructure, Equirus, shared his perspective on how Telecom Infrastructure Investment Trusts (InvITs) could offer investors an alternative route to participate in India’s growing 5G and data infrastructure opportunity.

Read moneycontrol.com article here: https://www.moneycontrol.com/news/business/telecom-invits-may-offer-investors-a-new-path-to-bet-on-india-s-5g-data-boom-14011221.html

In an interaction with CNBC-TV18, Bhavesh A. Shah, Managing Director – Investment Banking, Equirus Capital, shared his views on the evolving IPO landscape, highlighting the rise in listing gains, robust investor participation and the strong pipeline of upcoming offerings.

Watch the full interaction here: https://www.youtube.com/watch?v=NWIR9vf_0bQ&t=225s

Equirus Capital Limited�SEBI Reg. No as Merchant Banker: INM000011286

For further details kindly visit:�https://www.equirus.com/

New IPOs Deliver Strong Returns, Most New Listings Up Over 20%: Can The Strong Momentum Sustain? New IPOs Deliver Strong Returns | Can The Momentum Sustain?Kotak ...

At the Federation of Indian Chambers of Commerce & Industry (FICCI) (FICCI) 23rd Annual Capital Markets Conference 2026, Venkatraghavan, Head of Equity Capital Markets, Equirus, shared his perspectives on the evolving capital markets landscape and the opportunities and challenges shaping India’s financial ecosystem.

With the theme, “Regulating for Growth: Balancing Investor Protection, Innovation and Market Development,” the conference brought together industry leaders and stakeholders to discuss the role of effective regulation in fostering innovation, strengthening investor confidence and enabling sustainable market development.

We are pleased to be part of this important dialogue and contribute to conversations shaping the future of India’s capital markets.

India’s journey towards a $20 trillion economy by 2036 will require structural reforms that strengthen the foundations of growth and unlock the country’s long-term potential.

Our latest report presents a 20-point reform agenda outlining key priorities across infrastructure, human capital, domestic capital, market access, services, tourism and urban development - including deeper bond markets, railway reforms, stronger R&D, expanded GCCs and measures to enhance India’s global competitiveness.

Read the full report: https://tinyurl.com/pkrknrby

We are delighted to announce the appointment of Chitra Shringare to the Board of Directors at Equirus.

As the CEO of our Custodian Business, Chitra has been instrumental in shaping and strengthening our growth journey. With over 30 years of experience across global transaction banking, securities and investment operations, risk management, and large-scale transformation initiatives, she brings deep industry expertise and strategic insight to the Board.

Her appointment reflects Equirus' commitment to strong leadership and governance. We look forward to her continued contributions in this expanded role as we drive sustainable growth, create lasting impact, and achieve new milestones together.

Geopolitical tensions are pushing West Asian countries to invest in new pipelines and safer overland energy routes, opening up a growth opportunity for Indian pipe makers.

Ashutosh Tiwari, Head of AMC & Chief Investment Officer, Equirus Asset Management, said since the war started, Saudi Arabia has emerged as one of the most resilient countries in the region as it has an east-west pipeline that helped it bypass the conflict-riddled Strait of Hormuz partially and supply through the Red Sea. "Our view is that a number of pipelines will be built in the region over next five years to diversify away the risk of transit through Strait of Hormuz," he said.

Read Mint article here: https://www.livemint.com/market/steel-pipe-stocks-west-asia-oil-gas-pipeline-demand-welspun-corp-jindal-saw-man-industries-ratnamani-11786944806720.html