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After an extensive search, the West Valley Muslim Association has successfully acquired a property in Cupertino for $16.5 million. This new facility will serve as a permanent home for the community, offering a venue for daily prayers, educational activities, and community gatherings. Supported by a dedicated fundraising campaign, this purchase reflects the growing needs of the local Muslim population, establishing a vital center for faith and fellowship. View More
Travel fintech firm Scapia has added over 200,000 villas, homes and homestays to its app across domestic and international destinations amid rising demand for alternative accommodation View More
The Blackstone-backed firm closed 2.5 million sq ft of leasing in Q2, and turned profitable during the quarter. View More
ITAT Chennai has deleted a ?26 lakh penalty on a salaried taxpayer who accepted a ?26 lakh cash advance while selling his house to repay an outstanding home loan. The tribunal cited reasonable cause, considering the genuine transaction and financial circumstances. View More
Several members confirmed that they received messages from the authorities on Tuesday, informing them of the Air Force Sports Complex's closure. View More
A Mumbai-based husband-wife duo is bringing innovation, comfort, and a sense of identity to medical wear, a largely overlooked segment of the healthcare industry. View More
The Covid-19 pandemic was a disaster for many businesses, but some found opportunities amid the disruption. Husband-wife duo Abhijeet Kaji and Vanshika Kaji were among such entrepreneurs. Drawing on her experience as a fourth-generation textile entrepreneur, Vanshika chose to build a brand for personal protective equipment (PPE). Abhijeet said that initially, it was an unbranded business supplying hospital consumables, such as adult diapers and bedsheets, before they stumbled upon the opportunity in medical scrubs . “We spoke to numerous doctors, nurses, technicians, and hospital procurement staff, and it became clear that there was a massive unmet need. Medical professionals in India are often treated poorly. About 75% of doctors get physically attacked at least once during their professional career, and their average life expectancy in India is just 59 years, compared to 71 years for non-doctors. We felt there was a real opportunity to build a brand that celebrates medical professionals. We wanted to build the ‘Nike for doctors,’” he said. Register for ET MSME Awards 2026 here. In June 2020, the duo established Knya Enterprise Private Limited, which sells medical scrubs, medical footwear, clogs, and stethoscopes. Today, Knya primarily sells through its website and mobile app. It also operates 38 retail stores across the country. The brand is present in major metros like Delhi and Kolkata, as well as Tier II, Tier III, and Tier IV cities, such as Patna, Thrissur, Davanagere, Ernakulam, Hyderabad, and Secunderabad. The company has so far served over 1.5 million medical professionals across India and has partnered with over 1,000 medical institutes. Live Events Knya co-founders Abhijeet Kaji and Vanshika Kaji. Comfy and caring Knya’s scrubs are available in both cotton-polyester blends and its proprietary Ecolex (or Ecoflex) line featuring four-way stretch technology, which allows unrestricted movement during bending, lifting, and emergency rounds. These clothes can withstand high-temperature washing and autoclaving (high-pressure steam sterilisation in hospital systems) to eliminate germs. At the same time, they prevent heavy sweating, stay cool, and dry quickly. These clothes also have a built-in tech which helps reduce infection risks. While prices for Knya’s classic scrubs start from Rs 1000, the premium Ecoflex could go up to Rs 2499. Knya’s stethoscope line, called 6sense, has special stethoscopes for pediatricians, as they are built for the acoustic needs of infant and child auscultation. Abhijeet said that the market potential for medical wear in India is huge. “There are more than 10 million healthcare professionals in the country, growing at 15% annually as new medical colleges open. We estimate the market size for medical lifestyle products to be between Rs 4,000 crore and Rs 5,000 crore. Internationally, markets like the US and Europe already have multiple publicly listed, multi-billion-dollar medical wear companies, whereas India is only now organising this space,” he said. According to DataBridge Market Research, India’s medical scrubs market is expected to reach $3.80 billion by 2032 from $2.90 billion in 2024 and is projected to grow at a CAGR of 3.67% from 2025 to 2032. Besides Knya, several brands, including Alleda Scrubs, Mafatlal Industries , and ScrubIndia, are also competing in this category. Akshat Jueja, a paediatrician from Bhopal, has been using Knya’s scrubs for the last five years since he was in his third year of MBBS and said that Knya has captured a void in the medical industry. “In the medical industry, nobody previously focused on doctors’ comfort, even though we easily work for more than 12 hours a day, which can sometimes extend up to 36 hours. However, companies like Knya have eventually realised that comfort plays a pivotal role; hence, they have ventured into other products as well, such as clogs. These lifestyle products combine functionality with comfort so that the overall daily life of a medical professional improves. I think more brands should get involved in this space,” he said. “Although there are not many brands involved right now and you can mostly find scrubs, there still is not much technology or research dedicated to understanding what is truly needed for a doctor's comfort when it comes to other products,” he added. Going global These clothes can withstand high-temperature washing and autoclaving (high-pressure steam sterilisation in hospital systems) to eliminate germs. At the same time, they prevent heavy sweating, stay cool, and dry quickly. Just like any other small business, Knya too faced its own set of challenges in scaling. Abhijeet mentioned how operating stores nationwide means dealing with complex state-by-state compliance and GST (goods and services tax) regulations. “People management is another hurdle; attracting senior talent, such as our head of retail (who previously built out store networks for major brands) and our head of technology, requires convincing top professionals to join a growing company. Additionally, tight working capital management is essential to scale efficiently without over-leveraging,” he said. Knya is currently tracking an annual recurring revenue (ARR) of over Rs 250 crore. Abhijeet said that the company reported audited financial revenue of Rs 110 crore in FY26, with an EBITDA margin of 10-15%. Its revenue stood at Rs 60 crore in FY25 and Rs 27.2 crore in FY24. The company expects revenue to cross Rs 200 crore in FY27. “We have been EBITDA (earnings before interest, taxes, depreciation, and amortization) and PAT (profit after tax) positive every year since day one. We currently employ close to 240 to 250 people across Mumbai and various other locations,” Abhijeet said. The company is now working to expand its offline retail footprint by opening 3 to 4 stores every month. At the same time, it is working to increase its international presence. “We launched in the United Arab Emirates (UAE) 7-8 months ago and are expanding into Saudi Arabia,” he said. Further, the company is looking to double down on new product categories like footwear and developing specialised, digitised stethoscopes tailored to the needs of Indian doctors. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now!
EAAA India Alternatives’ Rs 1,200 crore IPO was subscribed 5.51 times, led by strong demand from institutional investors. The allotment is expected to be finalised today, while the shares are scheduled to list on the BSE and NSE on November 2, 2026. The IPO’s grey market premium suggests modest listing gains. View More
Investors who subscribed to the EAAA India Alternatives IPO are awaiting the allotment status, which is expected to be finalised today. The Rs 1,200 crore public issue was subscribed 5.51 times overall, and investors can check online whether they have been allotted shares. The company’s shares are scheduled to list on the BSE and NSE on November 2, 2026. The IPO’s grey market premium (GMP) is currently around 2%, indicating expectations of modest listing gains. However, GMP is an unofficial indicator and may fluctuate before listing. The IPO, which opened on October 26 and closed on October 28, received bids across investor categories. Qualified institutional buyers (QIBs) subscribed 13.80 times their reserved portion, while non-institutional investors (NIIs) subscribed 4.81 times. The retail portion was subscribed 1.08 times. The Rs 1,200 crore IPO comprises entirely an offer for sale (OFS) of 72.07 lakh equity shares by promoter selling shareholder Edelweiss Securities & Investments Pvt. Ltd. Since the issue is entirely an OFS, EAAA India Alternatives will not receive any proceeds from the offering; the proceeds will go to the selling shareholder. The company fixed the IPO price band at Rs 1,585–Rs 1,665 per share, with a face value of Rs 5 per share. At the upper end of the price band, the issue is valued at 333 times its face value. Live Events Based on diluted earnings per share (EPS) for FY26, the IPO is valued at a price-to-earnings (P/E) multiple of 39.27 times at the lower end and 41.25 times at the upper end of the price band. This compares with the industry peer-group average P/E ratio of 39.89 times for FY26. EAAA India Alternatives reported a weighted average return on net worth (RoNW) of 26.57% for FY24, FY25 and FY26. For the three months ended June 30, 2026, its annualised RoNW stood at 28.96%. Ahead of the IPO, the company raised Rs 360 crore from anchor investors by allotting 21,62,161 equity shares at Rs 1,665 apiece, the upper end of the price band. Axis Capital Ltd. , Jefferies India Pvt. Ltd., Motilal Oswal Investment Advisors Ltd. and Nuvama Wealth Management Ltd. are the book-running lead managers to the issue, while MUFG Intime India Pvt. Ltd. is the registrar. Investors can verify their allotment through either of the following platforms: 1. Registrar’s Website Visit the MUFG Intime India IPO allotment page (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)Select EAAA India Alternatives from the drop-down menu.Enter your PAN, application number, or DP/Client ID.Click Submit to view your allotment status. 2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids) Go to NSE IPO Allotment pageSelect EquityChoose EAAA India AlternativesEnter your application number and PAN. 3.BSE Website ( https://www.bseindia.com/investors/appli_check) Select Equity under issue type.Select EAAA India Alternatives from the dropdown.Enter your application number OR PAN number.And fill the captcha and click search to view allotment. EAAA India Alternatives IPO GMP Today EAAA India Alternatives IPO is commanding a grey market premium (GMP) of Rs 28 per share, or around 2%, over the upper end of the price band of Rs 1,665. Based on this premium, the estimated listing price is Rs 1,693 per share. However, the GMP is an unofficial indicator of investor sentiment and does not guarantee the actual listing price or returns. Financial Performance EAAA India Alternatives Ltd. reported a 23% year-on-year increase in total income to Rs 964 crore in FY26, compared with Rs 787 crore in FY25. The company’s profit after tax (PAT) rose 15% to Rs 265 crore in FY26 from Rs 230 crore in the previous financial year. About EAAA India Alternatives Incorporated on May 14, 2008, EAAA India Alternatives Ltd. is an alternative investment management platform focused on India's real assets and private credit markets. It caters to domestic and global institutional investors, high-net-worth individuals, ultra-high-net-worth individuals and family offices through its Real Assets and Private Credit businesses, along with portfolio management services and other investment solutions. As of June 30, 2026, the company managed assets under management (AUM) of Rs 95,344.88 crore and fee-paying assets under management (FPAUM) of Rs 48,623.18 crore. Its portfolio comprised 10 active Real Assets funds, including two Infrastructure Investment Trusts (InvITs), and 16 active Private Credit funds. The company is supported by its wholly owned subsidiary, Sekura India Management Ltd., and had 277 employees across investment, asset management, coverage, legal, compliance and other functions. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. 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BLS Polymers IPO was subscribed 42.47 times by 10:05 am on Day 3, led by strong NII demand. The issue carries a grey market premium of 34%, while the company reported higher income and profit in FY26. View More
BLS Polymers IPO entered its third and final day of bidding on October 29, 2026, with the issue subscribed 42.47 times so far against 1.19 crore shares on offer. The retail investor portion was subscribed 33.70 times against 59.50 lakh shares offered. The IPO commands a grey market premium (GMP) of 34%, indicating expectations of potential listing gains, although GMP is an unofficial indicator and does not guarantee listing performance. The Rs 255 crore book-built issue comprises an entirely fresh issue of 1.70 crore shares. The price band has been fixed at Rs 142–150 per share, with a lot size of 100 shares. Retail investors need to invest a minimum of Rs 15,000 to apply for one lot at the upper end of the price band. The IPO closes on October 29, 2026, and the allotment is expected to be finalised on October 30. The shares are tentatively scheduled to list on the NSE and BSE on November 3, 2026. Unistone Capital Pvt. Ltd. is the book-running lead manager, while KFin Technologies Ltd. is the registrar to the issue. BLS Polymers IPO subscription status On Day 3, as of 10:05 am, BLS Polymers IPO was subscribed 42.47 times overall against 1.19 crore shares on offer. The non-institutional investor (NII) portion was subscribed 103.25 times against 25.50 lakh shares offered, while the retail individual investor (RII) category was subscribed 33.70 times against 59.50 lakh shares on offer. Live Events The qualified institutional buyer (QIB) portion was subscribed 12.21 times against 34 lakh shares offered. BLS Polymers IPO GMP today BLS Polymers IPO was commanding a grey market premium (GMP) of Rs 51 per share. Based on the upper price band of Rs 150, the estimated listing price stands at Rs 201 per share, implying a potential listing gain of 34%. However, GMP is an unofficial indicator of investor sentiment, may fluctuate before listing and does not guarantee the actual listing price or returns. IPO objects of the issue The company plans to utilise Rs 77.56 crore from the IPO proceeds to fund capital expenditure for expanding its manufacturing facility and increasing the production capacity of certain existing products. Another Rs 89.50 crore will be allocated towards meeting working capital requirements, while the remaining proceeds will be used for general corporate purposes. The total estimated amount earmarked for the specified objects is Rs 167.06 crore. Financial performance BLS Polymers Ltd.'s total income increased 5% to Rs 354 crore in FY26 from Rs 337 crore in FY25. Its profit after tax (PAT) rose 28% to Rs 27 crore from Rs 21 crore over the same period. About BLS Polymers BLS Polymers Ltd. manufactures specialised polymer compounds used in wires, cables and underground pipelines. Its product portfolio includes HDPE, MDPE, LLDPE, XLPE, PVC, HFFR, cable filling compounds and adhesive coating compounds. These products cater to industries such as power, telecommunications, railways, water, and oil and gas. The company operates a manufacturing facility in Goa spread across approximately 24,220 square metres and equipped with 11 machines. It also has an in-house laboratory, a quality control team and ISO 9001:2015 certification. The company develops customised products to meet specific customer requirements. BLS Polymers serves more than 190 customers and exports its products to countries including Bangladesh, Egypt, Saudi Arabia, the UAE, the US and Zambia. Its proximity to Mormugao Port supports the import of raw materials and export of finished products. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Antala Industries’ Rs 23.33 crore SME IPO opens on October 29, 2026, and closes on November 2. Priced at Rs 63–67 per share, the fresh issue will fund working capital, machinery purchases and general corporate purposes. The packaging manufacturer reported strong FY26 growth, with total income rising 49% and profit after tax increasing 133%. View More
Antala Industries IPO opens for subscription on October 29, 2026, and will remain open until November 2, giving investors a three-day bidding window. The Rs 23.33 crore book-built issue is entirely a fresh issue of 34.82 lakh shares. The IPO price band has been fixed at Rs 63–67 per share, with a lot size of 2,000 shares. Retail investors must apply for at least two lots, or 4,000 shares, requiring an investment of Rs 2.68 lakh at the upper price band. The allotment is expected to be finalised on November 3, 2026, while the shares are tentatively scheduled to list on the BSE SME platform on November 5. Vatsa Capital Venture Pvt. Ltd. is the book-running lead manager, and Bigshare Services Pvt. Ltd. is the registrar to the issue. Also Read | Bombay Coated & Special Steels IPO opens today; GMP at 11%. Should you subscribe? Antala Industries IPO Objects of the Issue Antala Industries Ltd. plans to utilise the IPO proceeds to meet its working capital requirements, for which it has earmarked Rs 10.68 crore. The company will allocate Rs 5.89 crore towards capital expenditure for purchasing machinery. The remaining proceeds will be used for general corporate purposes. Live Events Financial Performance Antala Industries Ltd. reported a 49% year-on-year increase in total income to Rs 48 crore in FY26, compared with Rs 32 crore in FY25. The company’s profit after tax (PAT) surged 133% to Rs 4 crore in FY26 from Rs 2 crore in the previous financial year. About Antala Industries Ltd. Incorporated in August 2024, Antala Industries Limited is engaged in the manufacturing, processing, printing, laminating and supply of industrial and commercial packaging products. The Company specialises in BOPP bags, BOPP printing rolls, BOPP lamination rolls, PP woven bags and PP woven lamination rolls, serving customers across industries such as food processing, fertilisers, chemicals, cement and seeds. The Company operates an integrated manufacturing facility in Rajkot, Gujarat, with capabilities including extrusion, coating and lamination, rotogravure printing, stitching and finishing. As of September 30, 2026, the Company had 11 employees across accounts and finance, management, administration, sales, secretarial and production functions. Its key strengths include experienced promoters and management, a diversified and customizable product portfolio, presence across multiple end-user industries, customer-focused manufacturing and delivery capabilities, and established supplier and customer relationships. Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)