http://jainam.in/, https://linktr.ee/jainambroking

Jainam, Jainam House (Jainam Broking Limited), Surat (2026)

28/08/2026

The glasses on your face right now, whether they cost ₹500 or ₹15,000, were most likely made in a small Rajasthan town that most people have never heard of. Welcome to Bhiwadi, India's hidden eyewear capital.

In this episode of Hidden India, we break down how Bhiwadi became the manufacturing hub behind India's $6.10 billion eyewear market, why Lenskart bet ₹1,415 crore on it, and what the business story behind your glasses actually looks like.

🔍 What's covered:
→ India's $6.10 billion eyewear market: 20% organized, 80% local optical shops
→ Why India was importing $119 million worth of eyewear frames from China
→ Why Bhiwadi became the natural hub: cheap industrial land and Rajasthan government subsidies
→ Lenskart's ₹1,415 crore plant in Bhiwadi and how it grew sales from ₹1,400 crore to ₹4,000 crore
→ Why Ray-Ban has been manufacturing in Bhiwadi since 1992
→ What this means for India's optical manufacturing story and import substitution

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28/08/2026

Wishing a Happy Rakshabandhan to our OG stop-loss!

27/08/2026

27 August 2026 | Market Journal by Jainam

Markets fell for the second straight day amid ongoing US-Iran tensions and Strait of Hormuz uncertainty. Here is what moved, what led, and what to watch next.

27/08/2026

📢 IPO ALERT: ESDS Software Solution Limited

Five Tier 3 data centres from Nashik to Noida, running sovereign cloud for banks, governments and smart cities, opens for public investment.

Issue Size: ₹720 Cr | Opens: 28 Aug | Closes: 1 Sep
Listing at: BSE · NSE

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☁️ WHO IS ESDS SOFTWARE SOLUTION?

Headquartered in Nashik, it is an AI-enabled cloud, managed services, data centre infrastructure and software solutions provider. The company offers infrastructure as a service, managed services and software as a service to banks, government bodies and enterprises.

Portfolio and Reach

▪️ Service Lines: Infrastructure as a Service (IaaS), Managed Services, Software as a Service (SaaS)
▪️ IaaS Portfolio: Colocation and data centre services, Public, private, virtual private, hybrid and community cloud, GPU-as-a-Service
▪️ Data Centres: 5 in India at Nashik, Navi Mumbai, Bengaluru, Mohali and Noida. All Tier 3 certified, covering over 75,266 sq. ft., with guaranteed uptime of at least 99.95%
▪️ Community Cloud: 104 Government clients, 115 banks and financial institutions across 1,045 branches, 113 organisations on SAP HANA cloud, 6 smart cities, as on June 30, 2026
▪️ Technology: SWARAJ Cloud, a vertical autoscaling platform patented in the United States and India, built and operated within India, plus the SWARAJ GPU Monitoring Tool
▪️ Customers: 2,501 customers served in FY26 across BFSI, Government and Enterprises

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📊 FINANCIAL HIGHLIGHTS
Restated Consolidated FY2026

EBITDA Margin (FY26): 49.60%
PAT Margin (FY26): 25.59%

Revenue from Operations
FY24: ₹2,865.18 Mn
FY25: ₹3,613.35 Mn
FY26: ₹4,722.10 Mn

PAT
FY24: ₹136.09 Mn
FY25: ₹556.12 Mn
FY26: ₹1,208.23 Mn

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🧾 IPO LOT SIZE

Investors can bid for a minimum of 34 shares and in multiples thereof.

Application | Lots | Shares | Amount
Retail (Min) | 1 | 34 | ₹14,586
Retail (Max) | 13 | 442 | ₹1,89,618
S-HNI (Min) | 14 | 476 | ₹2,04,204
S-HNI (Max) | 68 | 2,312 | ₹9,91,848
B-HNI (Min) | 69 | 2,346 | ₹10,06,434

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💼 COMPANY FINANCIALS
(Restated Consolidated) | Amount in ₹ Crore

Period Ended | Mar 2026 | Mar 2025 | Mar 2024
Assets | 1,937.90 | 655.95 | 547.71
Total Income | 480.65 | 376.64 | 292.14
Profit After Tax | 120.82 | 55.61 | 13.61
EBITDA | 234.23 | 154.89 | 101.88
Net Worth | 528.81 | 405.55 | 206.36
Reserves and Surplus | 533.62 | 407.54 | 216.62
Total Borrowing | 42.92 | 62.71 | 149.04

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📈 KEY PERFORMANCE INDICATORS

KPI | Mar 2026 | Mar 2025
ROE | 25.12% | 17.27%
ROCE | 32.78% | 24.73%
Debt/Equity | 0.08 | 0.15
RoNW | 22.85% | 13.71%
PAT Margin | 25.59% | 15.39%
EBITDA Margin | 49.60% | 42.86%
NAV | 52.66 | -
Price to Book Value | 8.15 | -

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📋 IPO DETAILS

IPO Date: 28 Aug to 1 Sep, 2026
Listing Date: Fri, Sep 4, 2026
Face Value: ₹1 per share
Price Band: ₹408 to ₹429
Lot Size: 34 Shares
Sale Type: Fresh capital only
Issue Type: Bookbuilding IPO
Listing At: BSE, NSE

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Source: Chittorgarh

Jainam Broking Limited | INZ000198735 | INH000006448 | INP000006785
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing. For more details, visit: http://jainam.in/disclaimer This is for informational purposes only.

27/08/2026

📢 IPO ALERT: Priority Jewels Limited

Lightweight diamond-studded jewellery made in Mumbai for CaratLane, Kalyan, Reliance Retail and Senco, a Fresh Issue opens for public investment.

Issue Size: ₹92 Cr | Opens: 28 Aug | Closes: 1 Sep
Listing at: BSE · NSE

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💎 WHO IS PRIORITY JEWELS?

Incorporated in 2007 and headquartered in Andheri East, Mumbai, Priority Jewels Limited designs, manufactures and sells lightweight diamond-studded gold and platinum fine jewellery. The company sells directly to independent jewellers and jewellery chains in India and in select international markets.

Portfolio and Reach

▪️ Products: Rings, Earrings, Pendants, Neckwear, Bracelets, Occasion couture jewellery, Lab-grown diamond jewellery on order
▪️ Customers: Supplies to CaratLane, Kalyan Jewellers, Reliance Retail, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri and Senco Gold
▪️ Manufacturing: 2 facilities in Mumbai, an integrated unit at MIDC Andheri East (19,008.79 sq. ft.) and a second unit at SEEPZ SEZ set up in 2012 (6,821.84 sq. ft.)
▪️ Reach: 21 states and 3 union territories in India, exports to 13 countries including USA, UAE, Hong Kong and Norway
▪️ Design: In-house design team of 39 professionals as of June 30, 2026. 8,356 designs produced in FY26
▪️ Technology: CAD/CAM and 3D printing-enabled casting and prototyping

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📊 FINANCIAL HIGHLIGHTS
Restated FY2026

EBITDA (FY26): ₹336.23 Mn
PAT CAGR (FY24-FY26): 57.13%

EBITDA
FY24: ₹193.48 Mn
FY25: ₹242.80 Mn
FY26: ₹336.23 Mn

PAT
FY24: ₹71.48 Mn
FY25: ₹105.12 Mn
FY26: ₹176.48 Mn

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🧾 IPO LOT SIZE

Investors can bid for a minimum of 75 shares and in multiples thereof.

Application | Lots | Shares | Amount
Retail (Min) | 1 | 75 | ₹15,000
Retail (Max) | 13 | 975 | ₹1,95,000
S-HNI (Min) | 14 | 1,050 | ₹2,10,000
S-HNI (Max) | 66 | 4,950 | ₹9,90,000
B-HNI (Min) | 67 | 5,025 | ₹10,05,000

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💼 COMPANY FINANCIALS
(Restated) | Amount in ₹ Crore

Period Ended | June 2026 | Mar 2026 | Mar 2025
Assets | 310.61 | 291.95 | 309.14
Total Income | 147.40 | 539.03 | 435.87
Profit After Tax | 6.48 | 17.65 | 10.51
EBITDA | 10.29 | 33.62 | 24.28
Net Worth | 145.66 | 138.61 | 104.89
Reserves and Surplus | 132.36 | 125.26 | 92.29
Total Borrowing | 110.49 | 102.59 | 145.85

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📈 KEY PERFORMANCE INDICATORS

KPI | June 2026 | Mar 2026
ROE | 4.55% | 14.49%
ROCE | 6.92% | 25.36%
Debt/Equity | 0.76 | 0.74
RoNW | 4.44% | 12.73%
PAT Margin | 4.39% | 3.27%
EBITDA Margin | 7.01% | 6.24%
NAV | 108.59 | 103.30
Price to Book Value | - | 1.94

June 2026 figures are for the three months ended June 30, 2026 and are not annualised.

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📋 IPO DETAILS

IPO Date: 28 Aug to 1 Sep, 2026
Listing Date: Fri, Sep 4, 2026
Face Value: ₹10 per share
Price Band: ₹190 to ₹200
Lot Size: 75 Shares
Sale Type: Fresh capital only
Issue Type: Bookbuilding IPO
Listing At: BSE, NSE

━━━━━━━━━━━━━━━

Source: Chittorgarh

Jainam Broking Limited | INZ000198735 | INH000006448 | INP000006785
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing. For more details, visit: http://jainam.in/disclaimer This is for informational purposes only.

26/08/2026

📢 IPO ALERT: Lumino Industries Limited

From a Kolkata partnership in 1989 to conductors and cables reaching 17 countries, West Bengal's integrated power infrastructure maker opens for public investment.

Issue Size: ₹700 Cr | Opens: 27 Aug | Closes: 31 Aug
Listing at: BSE · NSE

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⚡ WHO IS LUMINO INDUSTRIES?

Headquartered in Kolkata, West Bengal, Lumino Industries Limited is an integrated engineering, procurement and construction player with a manufacturing focus. The company makes conductors, power cables and electrical wires for the power transmission and distribution industry, and uses a portion of that output in the EPC projects it executes itself.

Portfolio and Reach

▪️ Segments: Manufacturing (aluminium conductors, power cables, electrical wires) and EPC
▪️ EPC Business Lines: Power transmission and distribution, EHV substation, Re-conductoring with HTLS conductors, Railway electrification, Solar power, Water management
▪️ Manufacturing: 2 facilities in West Bengal with a combined capacity of 40,000 MT of aluminium consumption per year, plus 4 warehouses across approx. 1,56,600 sq. ft.
▪️ Reach: Operations across 26 states and 4 union territories in India and 17 countries as on March 31, 2026
▪️ Order Book: ₹31,498.78 Mn as on March 31, 2026, comprising ₹11,579.02 Mn Manufacturing and ₹19,919.76 Mn EPC
▪️ Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, UL Certification, NABL-accredited in-house testing lab

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📊 FINANCIAL HIGHLIGHTS
Restated Consolidated FY2026

Operating EBITDA Margin (FY26): 11.71%
PAT Margin (FY26): 7.66%

Revenue from Operations
FY24: ₹14,073.15 Mn
FY25: ₹19,179.68 Mn
FY26: ₹20,410.73 Mn

PAT
FY24: ₹866.07 Mn
FY25: ₹1,245.86 Mn
FY26: ₹1,599.99 Mn

━━━━━━━━━━━━━━━

🧾 IPO LOT SIZE
Investors can bid for a minimum of 182 shares and in multiples thereof.

Application | Lots | Shares | Amount
Retail (Min) | 1 | 182 | ₹14,924
Retail (Max) | 13 | 2,366 | ₹1,94,012
S-HNI (Min) | 14 | 2,548 | ₹2,08,936
S-HNI (Max) | 67 | 12,194 | ₹9,99,908
B-HNI (Min) | 68 | 12,376 | ₹10,14,832

━━━━━━━━━━━━━━━

💼 COMPANY FINANCIALS
(Restated Consolidated) | Amount in ₹ Crore

Period Ended | Mar 2026 | Mar 2025 | Mar 2024
Assets | 2,174.88 | 1,718.66 | 1,175.44
Total Income | 2,089.31 | 1,946.68 | 1,424.63
Profit After Tax | 160.00 | 124.59 | 86.61
EBITDA | 238.95 | 222.94 | 145.09
Net Worth | 729.58 | 570.29 | 445.86
Reserves and Surplus | 606.16 | 446.66 | 413.86
Total Borrowing | 384.16 | 418.83 | 40.91

━━━━━━━━━━━━━━━

📈 KEY PERFORMANCE INDICATORS

KPI | Mar 2026 | Mar 2025
ROE | 24.62% | 24.52%
ROCE | 25.75% | 31.89%
Debt/Equity | 0.53 | 0.73
RoNW | 24.62% | 24.52%
PAT Margin | 7.66% | 6.40%
Operating EBITDA Margin | 11.71% | 11.62%
NAV | 29.95 | 23.41
Price to Book Value | 2.74 | 3.50

━━━━━━━━━━━━━━━

📋 IPO DETAILS

IPO Date: 27 to 31 Aug, 2026
Listing Date: Thu, Sep 3, 2026
Face Value: ₹5 per share
Price Band: ₹78 to ₹82
Lot Size: 182 Shares
Sale Type: Fresh capital cm OFS
Issue Type: Bookbuilding IPO
Listing At: BSE, NSE

━━━━━━━━━━━━━━━

Source: Chittorgarh

Jainam Broking Limited | INZ000198735 | INH000006448 | INP000006785
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing. For more details, visit: http://jainam.in/disclaimer This is for informational purposes only.

26/08/2026

26 August 2026 | Market Journal by Jainam

Red day for Indian markets as Sensex and Nifty closed lower, but Bank Nifty bucked the trend on crude oil optimism. Here is what moved, what led, and what to watch next.

26/08/2026

Picture the Indian market in the 1990s: you buy a stock on Monday like everyone else, but nobody actually settles up, not yet. Instead, every trade made through the week is swept into one pile and cleared together on a single appointed day the following week. That was the account-period system. And it carried a simple flaw.

By bunching a whole week of buying and selling into one settlement, the market built itself a weekly pressure point. If one large player couldn’t pay or couldn’t deliver on that day, the failure didn’t stay contained. It rippled. Delivery turned messy, trust frayed, and defaults became a structural risk, not just a possibility.

The fix was almost philosophical in its simplicity - stop waiting for the week and settle each day’s trades on their own. That is rolling settlement.

It arrived in stages. A pilot of just 10 stocks in January 2000, a major expansion through 2001 and by December of the same year, every listed stock had moved across. Each trading day now stood on its own - a clean slate, cleared in five working days, then three, then two.

What changed was not only speed, but structure. The pile never grew large enough to turn impossible and counterparty risk shrank from a week down to a couple of days. The market kept tightening the screw. By 2003, settlement was down to two days. By 2023, just one, placing India among the first major economies in the world to get there.

This kind of stuff rarely makes headlines. But the next time your shares appear in your account the day after you buy them, that is two decades of quiet reform doing its job.

26/08/2026

Viral Gupta shares a simple experience from his work-from-home days. His laptop would repeatedly heat up, and every visit to the repair guy came with a different solution. But when a friend suggested looking at where he was working, everything changed.

A simple change in his setup solved what repeated repairs couldn't.

The same principle can apply to our careers. Instead of constantly fixing one problem after another, sometimes we need to step back, identify the root cause, and solve the reason behind the problem.

That's one of the things Viral experienced after joining Jainam — looking beyond the immediate problem and finding the reason behind it.

Sometimes, the best solution isn't fixing the problem. It's understanding why the problem exists in the first place.

25/08/2026

25 August 2026 | Market Journal by Jainam

Benchmarks closed higher with Telecom leading the sectoral gainers while Bank Nifty ended almost flat. Here is what moved, what led, and what to watch next.

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