Manilam Industries is set to make its market debut on February 27 on the NSE SME platform, with the grey market premium currently at 0%, indicating that the shares are trading at par with the issue price of Rs 69 in the unofficial market.

The Rs 40 crore IPO closed on February 24 and was subscribed 6.25 times overall. The individual investor category was subscribed 5.88 times, while the NII segment saw stronger demand at 12.49 times. The QIB portion was subscribed 2.24 times.

The company plans to use Rs 1.25 crore towards purchase of equipment and machinery, Rs 2.20 crore for installation of solar panels at its manufacturing plant, Rs 3.50 crore towards loan repayment, Rs 16.65 crore for working capital and the balance towards general corporate purposes.

Incorporated in 2015, Manilam Industries manufactures decorative laminates and trades in plywood, catering primarily to industrial and commercial customers under a B2B model. Its manufacturing facility is located in Bareilly, Uttar Pradesh, and it has established experience centres in Bangalore, Delhi and Chennai to strengthen customer engagement.

For FY25, the company reported total income of Rs 142.16 crore and PAT of Rs 7.38 crore, compared with PAT of Rs 3.10 crore in FY24. EBITDA stood at Rs 17.75 crore, with EBITDA margin at 12.67%.

Despite moderate subscription and healthy NII participation, GMP remaining flat at 0% suggests a cautious listing outlook. Market participants will watch whether SME investor demand sustains on debut or whether the stock lists near the issue price amid neutral secondary market sentiment.

Deborah Belevan
VP of Investor Relations

[Presentation]

Welcome, everyone, to Duolingo’s Fourth Quarter 2025 Earnings Webcast. Today after market close, we released this quarter’s shareholder letter, a copy of which you can find on our IR website at investors.duolingo.com. On today’s call, we have Luis von Ahn, our Co-Founder and CEO; and Gilian Munson, who we are pleased to welcome as our new CFO. They will begin with some prepared remarks before we open the call for questions. [Operator Instructions] And please note, this call is being recorded. [Operator Instructions]

Before we begin, please note, we’ll make some forward-looking statements regarding future events and financial performance. These statements are subject to risks and uncertainties described in our SEC filings and are based on assumptions we believe to be reasonable as of today. We undertake no obligation to update them.

We’ll also discuss both GAAP and non-GAAP financial measures. Reconciliations between the two can be found in our earnings materials, and we encourage you to review them when evaluating our performance.

U.S. stocks turned sharply lower on Thursday, the day after earnings from artificial intelligence vanguard Nvidia failed to impress investors, weighing down technology shares which have provided muscle to the recent rally.

A pivot back to cyclical sectors helped keep the Dow close to ‌even, while a ⁠drop in ⁠the Philadelphia SE Semiconductor index dragged the tech-laden Nasdaq down the most.

With Thursday’s drop, the SOX, which has surged year-to-date, was on the verge of snapping what would have been a record 11-week winning streak.

Technology shares in general, and software and chips in particular, have see-sawed in recent weeks as investors wrestle with uneasiness over the massive costs and potential disruption of nascent AI technology.

While all three major U.S. stock indexes are on track for modest weekly losses, the S&P 500 and the Nasdaq are poised to close ⁠lower on ‌the month. The Dow remains on track to post an advance in February.

Nvidia’s fourth-quarter results, posted after Wednesday’s closing bell, were better than analysts expected, and the chipmaker provided above-market ⁠estimates. But the world’s richest company by market cap wrestled with increasingly difficult year-on-year comparisons as its revenue growth decelerates.
“It feels like an Nvidia hangover that’s specific to the AI space,” said Michael Green, chief strategist at Simplify Asset Management in Philadelphia. “The S&P itself is being dragged down by Nvidia and the Magnificent 7, and the Nasdaq is really getting hammered.” “It’s as simple investors being levered long in Nvidia and short the AI disruption,” Green added. “And when that failed to materialize in a large enough scale, they sold out of their position, driving Nvidia down and ‌pushing the stocks they were short back up.”

According to preliminary data, the S&P 500 lost 37.12 points, or 0.53%, to end at 6,909.01 points, while the Nasdaq Composite lost 272.93 points, or 1.18%, to 22,879.14. The Dow Jones ⁠Industrial Average rose 18.61 points, or 0.04%, to 49,500.76.

The S&P 500 software and services index gained ground after being battered in recent weeks on worries of possible disruption from AI. The index got a boost from Salesforce shares, even though the company provided weaker-than-expected revenue guidance.

Trade Desk slid following its disappointing revenue forecast amid mounting pressure from larger rivals. J.M. Smucker surged on the packaged food company’s solid quarterly profit and sales estimates.

C3.ai tumbled after it provided a weaker-than-expected current-quarter sales forecast and announced it would slash 26% of its global workforce.

Celsius Holding jumped after the energy drink maker beat quarterly revenue estimates.

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OrthoPediatrics Corp. (KIDS) Q4 2025 Earnings Call February 26, 2026 4:30 PM EST

Company Participants

Trip Taylor
David Bailey – President, CEO & Director
Fred Hite – CFO, Principal Financial & Accounting Officer, COO and Director

Conference Call Participants

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Matthew O’Brien – Piper Sandler & Co., Research Division
Matthew Blackman
Caitlin Cronin – Canaccord Genuity Corp., Research Division
Benjamin Haynor – Lake Street Capital Markets, LLC, Research Division
Michael Matson – Needham & Company, LLC, Research Division
Ravi Misra – Truist Securities, Inc., Research Division

Presentation

Operator

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Good afternoon, and welcome to OrthoPediatrics Corporation’s Fourth Quarter 2025 Conference Call. [Operator Instructions] As a reminder, this call is being recorded for replay purposes.

I would now like to turn the call over to Trip Taylor, Investor Relations, for a few introductory comments.

Trip Taylor

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Thank you for joining today’s call. With me from the company are David Bailey, President and Chief Executive Officer; and Fred Hite, Chief Operating and Financial Officer. Before we begin today, let me remind you that the company’s remarks include forward-looking statements within the meaning of federal securities laws, including the safe harbor provisions of the Private Securities Litigation and Reform Act of 1995. These forward-looking statements are subject to numerous risks and uncertainties, and the company’s actual results may differ materially. For a discussion of risk factors, I encourage you to review the company’s most recent annual report on Form 10-K, which was filed with the SEC on March 5, 2025, to be updated next week and subsequent quarterly reports on Form 10-Q.

During the call today, management will also discuss certain non-GAAP financial measures, which are supplemental measures of performance. The company believes these measures provide useful information for investors in evaluating its operations period-over-period. For each non-GAAP financial measure referenced on this call, the company has included a reconciliation of the non-GAAP financial

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Arturo Langa
Investor Relations Officer

Good afternoon, and welcome to Globant’s Fourth Quarter 202 Earnings Conference Call. I am Arturo Langa, Investor Relations Officer at Globant. [Operator Instructions] Please note, this event is being recorded and streamed live on YouTube.

By now, you should have received a copy of the earnings release. If you have not, a copy is available on our website, investors.globant.com. We will begin with remarks by our Chief Executive Officer, Martin Migoya; our Chief Technology Officer, Diego Tartara; and our Chief Financial Officer, Juan Urthiague, followed by a Q&A, where they will be joined by our Chief Revenue Officer, Fernando Matzkin.

Before we begin, I would like to remind you that some of the comments on our call today may be deemed forward-looking statements. This includes our business and financial outlook and the answers to some of your questions. Such statements are subject to the risks and uncertainties as described in the company’s earnings release and other filings with the SEC. Please note that we follow IFRS accounting rules in our financial statements. During our call today, we will report non-IFRS or adjusted measures, which is how we track performance internally and the easiest way to compare Globant to our peers in the industry.

Mumbai: The National Stock Exchange has invited as many as 15 investment bankers to pitch for managing its proposed IPO, said sources in the know. JPMorgan Chase, Kotak Mahindra Capital Company, JM Financial, Axis Capital and ICICI Securities are among bankers in the fray for the mandate to manage the issue, they said.

“The pitching process is expected to commence by mid-March, with the exchange likely to initiate the process of filing its draft red herring prospectus in April,” a source told ET. An email sent to NSE remained unanswered.

Rothschild is assisting NSE to select lead bankers, legal counsels and other intermediaries for the IPO. The IPO will be an offer for sale, which means existing shareholders may dilute their stake while the exchange will receive no fresh funds.

According to people familiar with the IPO details, existing investors are expected to offload about 4-4.5% of the exchange’s total equity. Life Insurance Corporation of India continues to be the single largest investor in NSE with a 10.72% holding. It is followed by Aranda Investments Mauritius Pte at 4.54%, Stock Holding Corporation of India Ltd at 4.44%, SBI Capital Markets Ltd at 4.33%, and Veracity Investments Ltd with a 3.93% stake. It couldn’t be ascertained who will offer their shares in the IPO.

In the unlisted market, NSE is currently valued at ₹5 lakh crore. Based on prices in the unlisted market, the IPO could raise approximately ₹23,000 crore. On Thursday, NSE shares in the unlisted market were trading at ₹2,035 per share. Last month, the Sebi issued the much-awaited no-objection certificate for the IPO, ending a regulatory impasse that had stalled the listing for nearly a decade.

Early in February, NSE’s board approved the IPO and appointed a six-member panel to facilitate the IPO process. The newly-constituted committee is led by Tablesh Pandey, along with public interest directors Srinivas Injeti, Prof. Mamata Biswal, Abhilasha Kumari and Prof. G Sivakumar, as well as NSE’s MD and CEO, Ashishkumar Chauhan.