Author name: Mr. Sushil Alewa

The Securities and Exchange Board of India (SEBI) has introduced a fresh wave of reforms at its board meeting held on September 12, 2025. The decisions span across IPOs, mutual funds, FPIs, Alternative Investment Funds (AIFs), and governance rules for stock exchanges. These reforms are expected to ease mega IPO fundraising, attract foreign capital, and improve investor protection. Let’s break down the 10 biggest highlights from SEBI’s board meet. 1. Mega IPO Relief for Large Companies SEBI has relaxed IPO rules for mega listings: 👉 The timeline to reach 25% minimum public shareholding has been extended to 10 years, making it easier for large corporations to tap public markets. Learn more about SEBI’s IPO regulations. 2. Higher Allocation for Anchor Investors This move broadens institutional participation in IPOs. 3. Revamped RPT Thresholds Related-party transactions (RPTs) have been rationalized: This ensures better transparency in corporate governance. 4. FPIs from IFSCs (GIFT City Boost) SEBI has allowed retail schemes from GIFT City IFSC to register as Foreign Portfolio Investors (FPIs) even with Indian sponsors/managers. Read more about GIFT City IFSC regulations. 5. Alternative Investment Funds (AIF) Reforms 6. SWAGAT-FI Framework for Trusted Foreign Capital To attract sovereign wealth funds, pension funds, insurers, and central banks, SEBI launched SWAGAT-FI with: This strengthens India’s foreign capital inflows. 7. REITs & InvITs Classification Change This change boosts real estate and infra investments. 8. Mutual Fund & Retail Investor Rules This promotes financial inclusion & retail participation. 9. Lighter Entry Norms for IAs & RAs This makes it easier for new Investment Advisers (IAs) and Research Analysts (RAs) to enter the market. 10. Stronger Exchange Governance Final Word: What This Means for Investors The SEBI board meeting 2025 reflects a balancing act: SEBI’s Chairperson, Tuhin Kanta Pandey, emphasized that surveillance and enforcement (not just new rules) will be the priority post the Jane Street episode, signaling more technology-driven market monitoring. 👉 For retail traders and investors, these reforms could mean more opportunities, safer participation, and stronger capital market growth. If you’re keen to learn how SEBI reforms impact IPOs, mutual funds, and trading opportunities, explore our detailed Stock Market Courses at ISFM.

Imagine betting that your neighbor’s mango tree won’t bear fruit next season. You borrow last year’s mangoes, sell them now, and hope to buy them back cheaper later. That’s the essence of short selling in the stock market. But in India, one critical type of short selling is strictly banned. Why? And does this ban safeguard investors—or restrict the market? What is Equity Short Selling? Equity short selling is a trading strategy that allows investors to profit when stock prices fall, opposite to the classic “buy low, sell high” rule. How it works: ✅ Example: If you borrow 100 shares of XYZ Ltd. at ₹100 and sell them for ₹10,000, then buy them back at ₹80 (₹8,000), you make ₹2,000 profit (before costs). Why Did India Ban Naked Short Selling? India hasn’t banned all short selling. The Securities and Exchange Board of India (SEBI) allows covered short selling, where the seller arranges to borrow shares before selling them. 🚫 What’s banned is naked short selling, where traders sell shares without borrowing first, hoping to arrange them later. Risks of Naked Shorts: Regulatory Timeline: Is Short Selling Good or Bad for Markets? Like most financial tools, short selling is a double-edged sword: ✅ Benefits of Covered Short Selling ❌ Risks & Drawbacks The Indian Perspective India’s ban on naked short selling is widely regarded as a smart move—it protects settlement integrity and prevents manipulation. But covered short selling is still allowed and plays a useful role in: Key Takeaways for Indian Investors Conclusion Short selling remains one of the most debated strategies in global markets. While India has rightly banned naked short selling to protect market stability, covered short selling continues to provide liquidity, efficiency, and transparency. For traders, it’s a powerful but risky tool—best used with knowledge and discipline. If you’re keen to learn more about short selling and other trading strategies, explore our Chartered Stock Trading Expert Course at ISFM and master the art of trading with confidence.

Quick facts (snapshot) Notes: portals sometimes differ on exact lot/units (SME IPOs often have larger lots). The price-band × lot-size calculation determines minimum cash outlay — double-check on the ASBA/offer document or your broker’s IPO page at the time of bidding. (Moneycontrol, BSE) About the company L.T. Elevator Ltd. (company website / RHP) is an Indian company operating in the elevator/escalator / vertical-transportation equipment space (manufacturing/sales/after-sales). The company has filed its Red Herring Prospectus and is targeting an SME listing on BSE (designated exchange for SME issues). The issue is structured as a fresh issue to raise growth capital. (L.T. Elevator, Chittorgarh) (For detailed corporate history, manufacturing footprint, and the full RHP, consult the company’s investor section / RHP PDF on their website or the exchange filing.) (L.T. Elevator) Key management The RHP / company disclosures list the promoters, directors and key managerial personnel — refer to the company RHP for names and biographies (typical SME RHPs include promoter background, experience, and promoter shareholding pre-IPO). Use the RHP to verify individual credentials before making allocation decisions. (L.T. Elevator, Chittorgarh) Major products / operations L.T. Elevator’s core business includes manufacturing/sales/installation/maintenance of vertical-transportation products such as: (Exact product mix, manufacturing capacity and breakdown appear in the RHP and company website.) (L.T. Elevator, Chittorgarh) Financial snapshot (as reported in filings / market portals) The company has shown strong growth in FY2023–FY2025 in reported numbers across multiple IPO write-ups and in the RHP summary: These numbers indicate a company that has scaled revenue and turned meaningful net profit in the latest fiscal — but remember SME listed companies can be volatile and less liquid after listing. Always read the full RHP financial statements and auditor notes for clarifications on accounting, related-party transactions, and one-time items. (Chittorgarh, L.T. Elevator) Competitors / Industry context Strengths & Risks — quick checklist Strengths Risks Conclusion — concise summary L.T. Elevator appears to be a small but growing SME player in the elevator/vertical-transportation segment with meaningful revenue growth and improving profitability in the latest fiscal year. The IPO is small (~₹39.37 Cr) and priced in the ₹76–78 band. However, this is an SME IPO — expect lower initial liquidity, larger lot-size commitments and higher relative volatility compared with mainboard IPOs. (Business Standard, IPO Watch)

IPO Snapshot: Quick Facts Detail Information IPO Opening Date September 10, 2025 ([Groww][1], [Zerodha][2]) IPO Closing Date September 12, 2025 ([Groww][1], [Zerodha][2]) Allotment Date Around September 15, 2025 ([mint][3], [Moneycontrol][4]) IPO Listing Date (tentative) September 17, 2025 ([mint][3], [Fortune India][5]) Price Band ₹155 – ₹165 per share ([Angel One][6]) Lot Size 90 shares per lot ([Zerodha][2]) Minimum Investment (Retail) ₹14,850 (1 lot at upper price band) Maximum Retail Limit Multiple lots allowed subject to SEBI retail investor cap Total Issue Size ₹400.95 crore (fresh issue of 24.3 million equity shares) ([Business Standard][7]) About Shringar House of Mangalsutra Shringar House of Mangalsutra Ltd is a specialised jewellery company focused on mangalsutra designs — a culturally significant ornament for married women in India. The company also manufactures and sells other women’s jewellery including pendants, gold chains, and customised designs. 📖 Looking to understand how IPOs fit into your trading strategy? Check our Stock Market Investment Course for beginner-friendly insights. Key Management & Promoters The Red Herring Prospectus (RHP) lists the main promoters: Full details about the board and senior management can be found in the [BSE Prospectus Filing][9]. Major Products & Business Segments This product niche strategy sets Shringar apart from larger jewellery players. Financial Performance (Highlights) 👉 For investors, strong revenue scale and profitability growth are positives. However, jewellery margins remain sensitive to gold price fluctuations. Competitors & Industry Landscape This means Shringar faces intense competition despite its niche focus. Positives vs Risks ✔ Positives: ⚠ Risks: Should You Apply? (Expert Recommendation) For Short-Term Investors: For Long-Term Investors: 👉 Recommendation: Apply for listing gains in small quantity, but avoid heavy exposure until the company proves its long-term execution.

Nepal’s Unrest: A Nation in Crisis In September 2025, Kathmandu, Nepal’s capital, descended into turmoil as Gen Z-led protests against corruption, nepotism, and a controversial social media ban turned violent. Clashes between protesters and police resulted in at least 19 deaths and over 100 injuries. The unrest escalated when demonstrators stormed Parliament and the Prime Minister’s residence, forcing Prime Minister K.P. Sharma Oli to resign. Although the social media ban was lifted and the army deployed, the protests exposed a much deeper economic and governance crisis. Why is Nepal Facing Economic Unrest? 1. Rising Unemployment One of the biggest reasons behind Nepal’s unrest is unemployment. According to the World Bank, overall unemployment in Nepal stood at 10.7% in 2024, more than double the South Asian average (4–5%) and the global average (around 5%). For students and professionals interested in how employment and stock markets interconnect, you can explore our Technical Analysis Course for insights into financial trends. 2. Sluggish Economic Growth Between 1996 and 2023, Nepal’s economy grew at an average annual rate of 4.2%, trailing behind regional peers like India and Bangladesh. In FY25, GDP growth rebounded slightly to 4.5%, supported by agriculture, hydropower, and domestic trade, but it remains insufficient to bridge the jobs gap. For deeper understanding, our Fundamental Analysis Training explains how economic growth indicators affect markets and policy decisions. 3. Overdependence on Remittances Nepal relies heavily on remittances, which contributed 26.6% of GDP in 2023. While remittances provide stability for families, they highlight structural weaknesses—millions of Nepali youths are working abroad instead of contributing to domestic productivity. This situation mirrors challenges discussed in our Chartered Financial Market Expert Course, where students learn about macroeconomic dependencies and risks. 4. Corruption and Governance Failures According to Transparency International’s Corruption Perceptions Index 2024, Nepal ranked 107th out of 180 countries, scoring just 34/100. Corruption and nepotism erode trust and discourage investment, further limiting growth. The protests, initially triggered by the social media ban, quickly evolved into a broader movement against inequality, corruption, and political elitism. Missed Opportunities & Fragile Economy Nepal’s fragile economic structure makes it highly vulnerable to natural disasters and external shocks. Infrastructure bottlenecks, poor governance, and lack of industrialization have left the country stuck in a volatile equilibrium. Unless Nepal shifts its focus toward job creation, domestic productivity, and transparent governance, minor issues will continue to trigger large-scale unrest. What is the Solution? Nepal’s instability does not stem primarily from geopolitics but from systemic economic shortcomings. The solution lies in: This is where financial literacy and market education can play a major role. Courses like our Options Trading Course and Algo Trading Course empower individuals with tools to generate independent income and reduce reliance on unstable job markets. Conclusion Nepal stands at a critical crossroads. Without decisive reforms, the nation risks losing an entire generation to migration, unemployment, and despair. The violent protests of September 2025 are not just a temporary outburst—they are a wake-up call for policymakers to address the deeper economic cracks. For anyone tracking South Asian economies, learning about financial markets, technical analysis, and derivatives trading can provide critical insights into how such crises shape regional growth.

Investors are eagerly watching the Urban Company Ltd IPO, one of the most awaited tech listings in 2025. With its profitability milestone and strong market presence, this IPO is set to be a key event in India’s stock market. Here’s everything you need to know before applying. Urban Company IPO Snapshot Detail Information IPO Opening Date September 10, 2025 IPO Closing Date September 12, 2025 IPO Allotment Date September 15, 2025 Refunds / Credit to Demat IPO Listing Date September 17, 2025 Price Band Lot Size Minimum Investment (Retail) Maximum Retail Application Total Fund Raise About Urban Company Founded in 2014 as UrbanClap, Urban Company has become India’s leading tech-enabled home and beauty services marketplace. The Gurugram-headquartered company connects customers with trained professionals across services like home cleaning, plumbing, appliance repair, beauty, wellness, and more. The company has also expanded globally to UAE, Singapore, and Saudi Arabia. Key Management (Source: Urban Company Investor Relations) Major Services Financial Performance (Source: StockGro) Competitors Urban Company operates in a competitive sector with both organized and unorganized players: Pros & Cons of the IPO ✅ Positives ⚠️ Risks Final Recommendation

About the company Jay Ambe Supermarkets Ltd. operates the City Square Mart retail chain (convenience / supermarket format) and was incorporated in 2020. The company has expanded to around 17 stores across Gujarat and follows a mix of company-owned and franchise formats. IPO proceeds are earmarked for buying an existing store, fit-outs for new stores, working capital and general corporate purposes. (Moneycontrol) Key management & promoters Promoters listed in the RHP include Jignesh Amratbhai Patel, Harshal Daxeshkumar Patel, Bhikhabhai Shivdas Patel and Rutwijkumar Maganbhai Patel. The company name change and public-listing transition details are in the RHP. (Refer to prospectus for the full KMP list and their backgrounds before investing.) Major products / business model City Square Mart sells FMCG, groceries, home textiles, apparel, footwear, toys, home décor and household items. It uses a mix of franchise-owned, company-operated (FOCO) and franchise-owned, franchise-operated (FOFO) store models and largely targets neighbourhood supermarket shoppers across Gujarat. (Groww) Financial snapshot (recent performance) Per media coverage and the company filings, Jay Ambe reported strong YoY growth in FY2025: revenue rose to about ₹47.4 crore (from ~₹33.4 crore prior year) and PAT rose to ₹2.75 crore (up from ₹1.55 crore), reflecting improving margins as the chain scales. These are consolidated figures stated in press coverage and the RHP. (Moneycontrol) Competitors & market context Large national players (Reliance Retail, Avenue Supermarts / DMart, Big Bazaar formats) and regional supermarket chains or local kirana aggregators are the main competitive landscape. In the smaller-format neighborhood supermarket space, competition is intense on pricing, real-estate costs, supply chain efficiency and private-label margins. As a Gujarat-focused chain, City Square Mart will compete with regional players and larger omnichannel retailers expanding into tier-2/3 retail markets. (See RHP for the company’s competitive-strength disclosures.) Pros — Why investors might apply Cons / Risks — Why you might skip Conclusion City Square Mart (Jay Ambe Supermarkets) is a regional supermarket chain that has shown healthy revenue and profit growth in FY2025 and is raising about ₹17.5–18.45 Cr to fund expansion. The company’s story is straightforward — expand store footprint in Gujarat — but it faces structural risks from competition and SME-listing liquidity constraints. (Moneycontrol) My recommendation — Apply or not?

What is Dev Accelerator (DevX)? — Company overview Dev Accelerator (also branded as DevX) runs managed office and flexible workspace centres across Indian cities — positioning itself as a provider of built-to-suit and managed office solutions largely focused on Tier-2 and some Tier-1 markets. The company operates multiple centres (several thousand seats) and bills itself as a fast-growing player in the flexible office / managed workspace segment. (Groww) Key management Public filings and company coverage list founders and senior names such as Parth Shah (Chairman) and Umesh Uttamchandani (Co-founder & MD) among the leadership team. Refer to the RHP for the full board and senior management disclosures. (Findoc Financial Services) IPO mechanics — exactly what you need to know Financial snapshot — growth and profitability (high level) Takeaway: Revenue growth appears healthy, but net profit margins and free-cash-generation are still early-stage — typical for fast-expanding, cap-intensive workspace companies. Who are the competitors? DevX competes in a crowded and fragmented flexible-workspace market. Major Indian/India-present players include WeWork India, Awfis, Smartworks, 91Springboard, CoWrks, IndiQube and several local/regional operators. The sector includes both large national chains and many regional specialists — occupancy, location mix and lease economics are critical differentiators. (Mordor Intelligence, 91Squarefeet) Pros (why some investors like this IPO) Cons / Risks (what to watch) Conclusion — neutral summary Dev Accelerator’s IPO offers exposure to the fast-growing flexible workspace theme in India, with a management team and a clear expansion plan funded by the fresh issue. The company shows strong top-line traction, but profits remain small and the business is capital-intensive and execution-sensitive. The issue is entirely fresh capital, so listing gains (if any) will depend on sentiment and perceived growth vs execution risks. (The Economic Times) Recommendation — should you apply or not? Short answer: Apply only if you are a risk-tolerant investor and limit exposure to a small amount. Here’s a practical approach: Bottom line: This IPO suits investors who (a) want thematic exposure to flexible workspaces, (b) accept execution and cyclical risks, and (c) keep allocation small (one lot) unless RHP metrics convince otherwise. Final checklist before you bid If unsure, consult a certified financial adviser — IPOs carry listing risk and company-specific execution risk.

India’s stock market has been shaped by legendary investors such as Rakesh Jhunjhunwala and Radhakishan Damani, who earned the title of “Big Bull” for their unmatched vision and wealth creation. Today, as the hunt for the next market icon intensifies, all eyes are on Vijay Kedia. Known for identifying multibagger stocks early, his disciplined, patient, and contrarian approach has made him one of the most respected voices on Dalal Street. Let’s dive deep into his journey, philosophy, and why many believe he could be the next Big Bull of India. Name 👉 Vijay Kedia Designation Managing Director Organisation / Company 👉 Kedia Securities Pvt. Ltd. Twitter Handle 👉 @VijayKedia1 (122K+ followers) YouTube Presence 👉 Vijay Kedia Interviews (Featured on CNBC-TV18, ET Now, and more) Official Website / Blogs 👉 VijayKedia.com – Investment wisdom, blogs & market insights Net Worth (2024) ~₹1,500 Crore (approx. $180 million) Early Life & Background Born in 1964 in Kolkata to a Marwari business family, Vijay Kedia was introduced to trading at just 19. Starting with only ₹25,000 borrowed from his father, he took his first steps in the bustling “Hariram Goenka Street” trading hub. His early fascination with value investing grew after reading Benjamin Graham, shaping his future as a long-term investor. How Vijay Kedia Built His Wealth Kedia strongly believes: “Invest in businesses, not stocks.” Initially a trader, he transitioned to long-term investing after heavy losses. His winning formula includes: His strategy turned an initial ₹25,000 into a portfolio worth over ₹1,500 crore. Notable multibagger picks include Aegis Logistics, Cera Sanitaryware, and Tejas Networks. Major Multibagger Investments Books, Articles & Quotes Personal Life & Family Despite being worth hundreds of crores, Kedia leads a simple life in Mumbai. Married with two sons, he emphasizes humility and values over extravagance, keeping his family away from media glare. Key Achievements Philanthropy Why Vijay Kedia Could Be India’s Next Big Bull The Bottom Line From a small Kolkata trader to managing a ₹1,500 crore portfolio, Vijay Kedia is a living example of patience and discipline in investing. His mantra of “Quality, Quantity, and Longevity” makes him a strong contender for the title of India’s Next Big Bull.

The National Stock Exchange of India (NSE) has announced a revision in the quantity freeze limits for index derivatives contracts, effective September 1, 2025. The update was communicated through an official circular issued on August 29, 2025. What Are Quantity Freeze Limits? Quantity freeze limits act as a crucial risk management mechanism to safeguard the market from erroneous or unusually large orders that could trigger instability. By capping the maximum permissible order size in futures and options (F&O) trading, NSE aims to prevent “fat finger” trades and ensure smoother market operations. Revised Quantity Freeze Limits for Key Indices As per the new framework, the applicable freeze limits for major index derivatives will be: This revision primarily benefits Bank Nifty futures and options traders, as the freeze limit has been increased from 600 to 900 contracts, offering greater flexibility in executing larger trades. Why This Matters for Traders For active traders and institutional investors, these updates ensure: NSE Advisory for Market Participants The exchange has directed its trading members to update their systems in line with the revised contract specifications before the effective date. Updated contract files can be accessed via the NSE extranet server as well as its official website.