TradeUnlisted

26/08/2026

NSE IPO Update 🚨

🌍 NSE has completed most of its global roadshows, meeting 120 investors, with ~$1bn (₹10,000 Cr) of reported QIB interest.

💰 Investors are reportedly showing interest around ₹2,500–₹2,800/share , implying a potential valuation of ₹5 lakh Cr+ .

🏦 IPO will be an OFS of ~14.9 Cr shares (6% stake) — proceeds go to existing shareholders rather than NSE itself.

⏳ SEBI approval is still awaited; IPO is tentatively targeted for mid-Sept 2026.

🌐 Roadshows saw participation from global investors including JPMorgan, Allspring, Pictet, HSBC, Nomura and Indus Capital.

💬 To invest or chat with us, click the link below
wa.link/2z747s

Regards,
Team Analah
+91 8958 212121
[email protected]

Source: Livemint

Disclaimer: This communication is based on information available from public sources and certain market inputs believed to be reliable. The information is shared solely for general awareness and should not be considered investment advice, a recommendation, solicitation or assurance of returns. Investments in unlisted securities involve substantial risks, including limited liquidity, valuation uncertainty, regulatory changes and possible loss of capital. Readers should independently verify all information and consult their financial, legal and tax advisors before making any investment decision.

26/08/2026

18/08/2026

💎 NATIONAL STOCK EXCHANGE (NSE) — UPDATE

📌 Indicative Roadshow Price: INR 2,000–2,100/share | Target Valuation: Up to ~USD 55 Billion (~INR 5.26 Lakh Cr) | Proposed IPO expected in 2H September 2026

🔹 Indicative Share Price Discussed: INR 2,000–2,100/share
🔹 Target Valuation: Up to ~USD 55 Billion
🔹 INR Equivalent Valuation: ~INR 5.26 Lakh Cr
🔹 Global Roadshow: Largely completed
🔹 Institutional Investor Meetings: ~120 global investors
🔹 Key Financial Hubs: Boston, New York, San Francisco, London, Singapore & Hong Kong
🔹 Middle East Investor Meetings: Remaining as per report
🔹 Expected IPO Timeline: Second half of September 2026
🔹 Regulatory Update: SEBI approval for the draft prospectus has been delayed by around three weeks
🔹 Selling Shareholder Update: SBI Capital Markets included in the revised list
🔹 Public Review Window: Mandatory 21-day period following amendments

⭐ IPO VALUATION STORY

Up to ~USD 55 Billion Valuation | INR 2,000–2,100 Indicative Roadshow Price | ~120 Global Institutional Investors | IPO Potentially in 2H September

The proposed valuation could place NSE among India’s most valuable listed companies and make its public-market debut one of the country’s largest IPOs. The valuation and pricing remain subject to final IPO documentation, regulatory approvals and market conditions.

💬 To invest or chat with us, click the link below
wa.link/2z747s

Regards,
Team Analah
+91 8958 212121
[email protected]

Disclaimer: This communication is based on information available from public sources and certain market inputs believed to be reliable. The information is shared solely for general awareness and should not be considered investment advice, a recommendation, solicitation or assurance of returns. Investments in IPOs, unlisted securities and other market-linked instruments involve substantial risks, including market volatility, valuation uncertainty, regulatory changes, limited liquidity and possible loss of capital. Readers should independently verify all information and consult their financial, legal and tax advisers before making any investment decision. The INR 2,000–2,100/share figure and ~USD 55 billion valuation are reported indicative roadshow levels and are not a final IPO price or confirmed valuation.

15/08/2026

🇮🇳 Happy Independence Day!

14/08/2026

🎙️ Analah Exclusive Webcast | The InCred Story
A Conversation with Mr. Bhupinder Singh

👤 Founder, InCred Group

Analah is pleased to invite you to an exclusive live webcast with Mr. Bhupinder Singh, Founder of the InCred Group, sharing his personal and professional journey and the story behind building InCred.

The session will explore the evolution and growth of InCred Capital, key milestones, the vision behind the business, and the experiences and learnings that have shaped the InCred journey.

🔍 What the Conversation Will Cover

🚀 Bhupinder Singh’s Journey — career, entrepreneurship and key learnings
🏢 The InCred Story — vision, evolution and growth of the Group
📈 Building InCred Capital — its growth and positioning in financial services
💡 The Investment Perspective — relevance for family offices, advisors and investors
🔭 Looking Ahead — the vision and opportunities across the InCred Group
🙋 Live Audience Q&A — an opportunity to engage directly with Bhupinder

👥 Who Should Attend

Family Offices | Investors | Wealth Advisors | Partners | Analah Clients

Join us for a candid conversation with the founder and gain a deeper understanding of the InCred Capital story, its journey so far and the road ahead.

📅 Thursday, 20 August 2026 | 5:30 PM
🎥 Live Webcast | Hosted by Analah

Register Now: https://us06web.zoom.us/webinar/register/WN_HZLLCGsgSoeRGskiQ-d6Ng

⚠️ Disclaimer: This invitation is intended for a select group of investors who have expressed interest and is not meant for general circulation or public solicitation. Investments in private markets involve significant risks, including the potential loss of capital, and may not be suitable for all investors. Participants should carefully read the relevant offer documents and risk disclosures and seek independent professional advice, where appropriate, before making any investment decision. Any investment opportunity discussed or subsequently explored will be subject to suitability, eligibility, availability and applicable terms.

09/08/2026

ESDS SOFTWARE SOLUTION LTD ☁️
Cloud | Data Centre | AI Infrastructure

1️⃣ WHAT IS ESDS?

ESDS is an Indian cloud infrastructure, data-centre & managed IT services company.

It provides technology infrastructure to:

* Government departments
* Banks & Financial Institutions
* Large Enterprises

2️⃣ KEY BUSINESS AREAS

☁️ Cloud Infrastructure
🏢 Data Centres
🔐 Cybersecurity
🇮🇳 Sovereign Cloud
⚙️ Managed IT Services
🤖 AI & GPU Cloud Infrastructure

3️⃣ FINANCIAL PERFORMANCE

🔹 FY23
PAT: ❌ Loss ₹22.5 Cr
EBITDA: ₹47.5 Cr

🔹 FY24
PAT: ✅ ₹13.6 Cr
EBITDA: ₹101.9 Cr

🔹 FY25
PAT: ✅ ₹60.8 Cr
EBITDA: ₹153.9 Cr

🔥 PAT TURNAROUND

FY23 ➡️ Loss ₹22.5 Cr
FY24 ➡️ Profit ₹13.6 Cr
FY25 ➡️ Profit ₹60.8 Cr 🚀

4️⃣ WHY INTERESTING?

ESDS is moving from a traditional data-centre/hosting business towards a higher-value:

Cloud + Managed Services + AI Infrastructure business.

Government & BFSI are important customer segments.

5️⃣ IPO STORY

* Shares have been available in the private/unlisted market.
* Company has already filed its DRHP.
* Market participants are now watching for further UDRHP / IPO developments.

6️⃣ WHAT TO WATCH 👀

👉 FY26 PAT & EBITDA
👉 Sustainability of growth
👉 IPO valuation
👉 UDRHP developments
👉 Comparison with Netweb & E2E Networks

BOTTOM LINE 📊

ESDS has gone from a ₹22.5 Cr loss in FY23 to a ₹60.8 Cr profit in FY25.

Strong turnaround + exposure to Cloud, Data Centres & AI Infrastructure.

IPO valuation will be the key.

Time will tell how the ESDS story unfolds. 🚀

💬 To invest or chat with us, click the link below
wa.link/2z747s

Regards,
Team Analah
+91 8958 212121
[email protected]

Disclaimer: This communication is based on information available from public sources and secondary market sourced believed to be reliable. The information is shared solely for general awareness and should not be considered investment advice, a recommendation, solicitation or assurance of returns. Investments in unlisted securities involve substantial risks, including limited liquidity, valuation uncertainty, regulatory changes and possible loss of capital. Readers should independently verify all information including financials and consult their financial, legal and tax advisers before making any investment decision.

30/07/2026

📌 The Prism IPO: The Story Most Investors Are Missing

Most investors still believe this is the OYO IPO.

That's the biggest myth.

Prism is not OYO. OYO is just one of the many brands owned by Prism.

Over the last decade, the company has quietly transformed itself into one of the world's largest hospitality platforms.

---

1️⃣ Myth: This is a single-brand hotel IPO.

Reality: Prism is a diversified global hospitality platform operating across multiple brands and business models.

Its portfolio includes:

🏨 Hotels

- OYO
- Sunday
- Townhouse
- Palette
- Clubhouse
- Motel 6
- Studio 6

🏡 Vacation Homes

- Belvilla
- DanCenter
- CheckMyGuest
- MadeComfy

🏢 Co-working

- Innov8

💒 Wedding Venues

- Weddingz

📋 Digital Listings Platform

- European subscription listing business

This platform has been built through strategic acquisitions across the US, Europe and Australia—not by relying on a single brand.

---

2️⃣ Myth: This is an India-focused business .

Reality: Prism has become a global hospitality company.

Revenue from outside India has consistently increased:

- 9M FY26: 83.77%
- FY25: 79.92%
- FY24: 77.66%
- FY23: 74.70%

Today, only around 16% of revenue comes from India, while over 84% is generated internationally.

Yet, a significant part of its technology, engineering and operational talent continues to be based in India.

That means Prism earns largely in global currencies while benefiting from India's highly competitive operating base.

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3️⃣ Myth: Growth depends only on OYO hotels .

Reality: Prism's largest revenue engine is its global accommodation platform, not just the OYO brand.

During 9M FY26, the company's revenue mix was approximately:

🏨 Accommodation Services: ₹3,811 crore (55%)

📲 Booking Commissions: ₹2,215 crore (32%)

Together, these contributed nearly 87% of total operating revenue, supported by hotels, vacation homes and multiple hospitality brands across the world.

Today Prism operates approximately:

- 🌍 35+ countries
- 🏨 24,303 Hotels
- 🏡 124,668 Holiday Homes
- 📋 144,583 Listings
- 293,554 storefronts globally

Its business now stretches from Motel 6 across the United States, Sunday hotels in the Middle East, Belvilla holiday homes across Europe, to MadeComfy in Australia.

The Bottom Line

Calling Prism "OYO" today is like calling Alphabet only "Google" or Meta only "Facebook."

OYO remains an important brand, but Prism has evolved into a much larger, globally diversified hospitality platform with multiple brands, multiple business models and revenues increasingly driven by international markets.

Prism is not OYO. That's the biggest myth—and perhaps the biggest investment story many investors are still missing.

💬 To invest or chat with us, click the link below
wa.link/2z747s

Regards,
Team Analah
+91 8958 212121
[email protected]

Disclaimer: This communication is based on information available from public sources and certain market inputs believed to be reliable. The information is shared solely for general awareness and should not be considered investment advice, a recommendation, solicitation or assurance of returns. Investments in unlisted securities involve substantial risks, including limited liquidity, valuation uncertainty, regulatory changes and possible loss of capital. Readers should independently verify all information and consult their financial, legal and tax advisers before making any investment decision.

30/07/2026

🍺 Bira 91 Update

Anicut Capital has taken control of founder Ankur Jain's 17%+ stake in B9 Beverages as part of the company's restructuring.

📌 Key highlights:

* Founder Ankur Jain exits the board
* Anicut to lead the turnaround and appoint directors
* Existing investors and lenders to infuse fresh capital
* Focus on restarting operations and clearing dues

📌 What This Means:

Anicut Capital's takeover of the promoter stake represents one of the most significant lender-led restructurings in India's startup ecosystem. Rather than forcing the company into liquidation, lenders have chosen to preserve the business by assuming control and attempting a revival.

Whether Bira 91 can regain its position in India's rapidly growing premium beer market will now depend on the success of the restructuring, fresh capital infusion, and the new management's ability to restore operations and rebuild stakeholder confidence.

Source: https://inc42.com/buzz/anicut-capital-takes-control-of-bira-91-founder-ankur-jains-stake/

Read More: https://tradeunlisted.com/articles/anicut-capital-takes-control-of-bira-91-founder-ankur-jains-stake-leads-companys-revival

💬 To invest or chat with us, click the link below
wa.link/2z747s

Regards,
Team Analah
+91 8958 212121
[email protected]

Disclaimer: This communication is based on information available from public sources and certain market inputs believed to be reliable. The information is shared solely for general awareness and should not be considered investment advice, a recommendation, solicitation or assurance of returns. Investments in unlisted securities involve substantial risks, including limited liquidity, valuation uncertainty, regulatory changes and possible loss of capital. Readers should independently verify all information and consult their financial, legal and tax advisers before making any investment decision.