Wed Jan 29 09:01:46 UTC 2025: ## Market Movers: IPOs, Earnings, and Tech Disruption
**MUMBAI, INDIA** – The Indian market saw significant activity this week, with several IPOs debuting and companies reporting earnings. Dr. Agarwal’s Healthcare, a leading eye care provider, launched its IPO today, raising ₹875.51 crore from anchor investors before public subscription. The IPO, totaling ₹3,027.26 crore, offers shares priced between ₹382-402. Kfin Technologies is the registrar, with Kotak Mahindra Capital Company, Morgan Stanley India Company, Jefferies India, and Motilal Oswal Investment Advisors serving as book-running lead managers.
Meanwhile, Bajaj Auto reported strong Q3 earnings, exceeding expectations, driven by a robust performance from its electric vehicle division, which now contributes 45% of total revenue. ITC Hotels debuted on the NSE at ₹180 per share, a 31% discount from its implied price, following a demerger from its parent company.
Elsewhere, the relatively unknown Chinese AI firm, DeepSeek, is generating considerable market buzz despite a report from Bernstein downplaying its capabilities. Another IPO, Denta Water and Infra Solutions Ltd., is anticipated to list at a 35% premium, according to StoxBox Research Analyst Akriti Mehrotra, who advises a medium-to-long-term hold. Anand Rathi Shares also expressed a positive outlook on the Denta Water IPO.
Finally, the market regulator launched a new portal for market infrastructure institutions to report technical glitches, aiming to improve data quality and transparency. The Traders Gurukul’s BOTS options trading summit continues to offer insights into the dynamic crypto market.
First Piper 