Indian promoters demonstrated enhanced commitment to the businesses they run as net stock buyers in the June quarter, driving ownership in NSE-listed companies to a two-year high, even as the collective holdings of foreign institutional investors (FII) slipped to the lowest in 14 years amid soaring oil prices.

Promoters bought shares worth ₹36,336 crore during the quarter, the most in four years since June 2022, showed data from primeinfobase.com.

Read more: FPI inflows into Indian G-Secs dry up as US rate hike looms

At the end of the quarter, 41.36% of stock was held by private promoters, 8.83% by the government of India, 15.88% by FIIs, 19.15% for domestic institutional investors (DIIs), and 9.51% by retail and HNI investors. “There is no one who knows more or better about the business and its valuation than the promoters. Thus, their decision to buy shares is always a positive signal,” said Pranav Haldea, managing director, Prime Database Group.

Attractive Valuations
“After continuously selling during the market highs in 2023 and 2024, their return is a telling sign that valuations had become attractive and that the market may have bottomed out,” said Haldea.

Shripal Shah, MD & CEO, Kotak Securities, said the increase in stakes by promoters is generally a sign of confidence in the business and its long-term prospects, but should always be evaluated alongside company-specific fundamentals and the broader industry outlook before any conclusions are drawn.
During the quarter, the Nifty 50 rose 5.2% despite the ongoing US-Iran conflict, which drove crude oil prices to nearly $120 a barrel.
Feroze Azeez, joint CEO, Anand Rathi Wealth, said that decline in FII shareholding was largely driven by lack of appetite for global risks due to a series of uncertainties in recent times, such as tariff tensions, and geopolitical escalations.

“From the market sentiment perspective, this trend should be viewed as constructive, as promoter buying reflects confidence from management, while declining FII ownership should not be viewed as a negative as it is driven by multiple global factors, and they eventually come back to markets once uncertainties settle,” Azeez said.

Deep Pockets
DIIs, retail investors and HNIs have absorbed much of the foreign sell-off, as their combined ownership share reached an all-time high of 28.66% as on June 30, showed primeinfobase’s data.

“While FPI ownership has continued to decline due to sustained foreign selling, this has largely been absorbed by domestic investors, including mutual funds, PMS investors and, in some cases, promoters themselves,” said Shah of Kotak. “The trend highlights the growing strength of domestic participation in Indian markets.”

Overseas funds have remained heavy sellers during this year, and net sold shares worth Rs 1.5 lakh crore in the first quarter.

Sectorally, while domestic institutions increased their allocation most to industrials, they decreased their allocation the most to information technology stocks, which was also the least favoured sector by foreign investors. Other than that, the FIIs increased their allocation most to financial services companies.

This article was written by

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Investors in the MV Electrosystems IPO are likely to know their allotment status today, August 4, as the company is expected to finalize the share allocation for its Rs 290 crore public issue. Once the allotment process is completed, applicants can verify whether they have been allotted shares through the registrar, KFin Technologies, or via the BSE and NSE websites.

The company’s shares are slated to make their stock market debut on August 6. Ahead of the listing, the IPO continues to enjoy strong traction in the grey market, with a Grey Market Premium (GMP) of around Rs 100 per share. This suggests a potential listing gain of nearly 24% over the upper issue price of Rs 425. However, investors should note that the GMP is an unofficial indicator of market sentiment and can fluctuate before the listing.

The IPO, which was open for subscription from July 30 to August 3, witnessed overwhelming demand across investor categories. Overall, the issue was subscribed 188.85 times. The Non-Institutional Investors (NII) segment led the charge with a subscription of 374.58 times, followed by Retail Individual Investors (RII) at 205.42 times, while the Qualified Institutional Buyers (QIB) portion was subscribed 90.47 times.

The Rs 290 crore IPO was entirely a fresh issue of 0.68 crore equity shares, priced at Rs 425 per share.

Sundae Capital Advisors Pvt. Ltd. is the book-running lead manager for the issue, while KFin Technologies Ltd. is serving as the registrar.

How to check Manipal Health Enterprises IPO allotment status

Investors can check their allotment status through any of the following platforms:

1. KFin Technologies (Registrar)

• Visit the KFin Technologies IPO allotment page (https://ipostatus.kfintech.com/)
• Select MV Electrosystems from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE

3. BSE

• Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
• Now tick Equity under issue type.
• Choose MV Electrosystems from the dropdown menu.
• Enter your application number or PAN.
• Complete the captcha verification and click Search to view your allotment details.

MV Electrosystems IPO GMP Today

The grey market premium (GMP) for the MV Electrosystems IPO is currently around Rs 100 per share, indicating a potential listing premium of nearly 24% over the upper issue price of Rs 425.
Based on the prevailing GMP, the estimated listing price of MV Electrosystems shares is around Rs 525 per share. However, investors should note that the GMP is an unofficial market indicator and is subject to change before the listing. It can fluctuate depending on investor sentiment, subscription demand, and overall market conditions.

IPO Proceeds to Fund Expansion and R&D

MV Electrosystems plans to use the IPO proceeds to strengthen its operations and support future growth.

The company has earmarked Rs 180 crore to meet its long-term working capital requirements, while Rs 21 crore will be invested in research and development for new power electronic equipment. The remaining funds will be used for general corporate purposes.

Given the company’s presence in large-scale manufacturing and railway infrastructure, the additional working capital is expected to support production, project execution, and business expansion.

About MV Electrosystems

Established in 2009, MV Electrosystems Ltd. designs, develops, assembles, and manufactures electrical and power electronic equipment primarily for railway rolling stock applications.

Its product portfolio includes IGBT-based three-phase drive propulsion systems for electric locomotives, switchgear panels for railway coaches and EMUs, cable protection and management solutions, along with a range of electrical systems and sub-systems.

The company operates in a sector benefiting from India’s railway modernization drive, including broad-gauge electrification, Make in India initiatives, network expansion, and increasing investments in high-speed rail infrastructure. These trends are expected to drive demand for advanced railway electrical systems and power electronics, positioning MV Electrosystems for long-term growth.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Investors who applied for the Juniper Green Energy IPO are expected to receive their allotment status today, August 4, as the company is likely to finalize the share allocation for its Rs 1,800 crore public issue. Once the allotment is completed, applicants can check whether they have received shares through the IPO registrar KFin Technologies or on the websites of the BSE and NSE.

Ahead of its stock market debut on August 6, the company’s shares are commanding a Grey Market Premium (GMP) of around Rs 10 per share. Based on the upper end of the IPO price band at Rs 225, the GMP indicates a potential listing gain of nearly 4%.

However, investors should note that the grey market is unofficial, and GMP is only a sentiment indicator. It can change significantly before the stock lists on the exchanges.

Strong institutional demand drives IPO subscription

The IPO, which remained open for subscription from July 30 to August 3, received healthy investor interest, largely driven by institutional buyers.Overall, the issue was subscribed 7.97 times. The Qualified Institutional Buyers (QIB) category saw an overwhelming subscription of 24.94 times, while the Non-Institutional Investors (NII) portion was subscribed 1.82 times. The Retail Individual Investors (RII) segment was subscribed 93%.

The Rs 1,800 crore IPO comprised an entirely fresh issue of 8 crore equity shares, with a price band of Rs 214-225 per share.
ICICI Securities is the book-running lead manager to the issue, while KFin Technologies is the registrar.

How to check Manipal Health Enterprises IPO allotment status

Investors can check their allotment status through any of the following platforms:

1. KFin Technologies (Registrar)

• Visit the KFin Technologies IPO allotment page (https://ipostatus.kfintech.com/)
• Select Juniper Green Energy from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE

3. BSE

• Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
• Now tick Equity under issue type.
• Choose Juniper Green Energy from the dropdown menu.
• Enter your application number or PAN.
• Complete the captcha verification and click Search to view your allotment details.

How Will the IPO Proceeds Be Used?

Juniper Green Energy plans to utilise a substantial portion of the IPO proceeds to strengthen its balance sheet by reducing debt. Of the total funds raised, Rs 683.24 crore will be used to repay or prepay certain borrowings of the company, while Rs 728.69 crore will be invested in its material subsidiaries to help them repay or prepay their outstanding loans.

The remaining proceeds will be allocated towards general corporate purposes. Overall, the company aims to deploy around Rs 1,411.92 crore towards debt reduction, a move that is expected to lower financing costs, improve its leverage profile, and enhance its overall financial health.

About Juniper Green Energy

Founded in 2011, Juniper Green Energy is one of India’s leading renewable energy independent power producers (IPPs). The company develops, builds, owns, operates and maintains utility-scale renewable energy projects across solar, wind, hybrid, and Firm & Dispatchable Renewable Energy (FDRE) segments, supported by Battery Energy Storage Systems (BESS).

Its revenues are backed by long-term power purchase agreements (PPAs) with central and state government-backed entities, providing stable and predictable cash flows.

As of June 30, 2026, the company had a diversified renewable energy portfolio of 7,910.20 MW (10,247.06 MWp) across operational, under-construction, contracted and awarded projects, placing it among the top 10 renewable energy IPPs in India by installed and pipeline capacity.

With allotment expected today and listing scheduled for August 6, investors will now closely watch whether the current GMP translates into gains on the stock’s market debut.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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