Tipsheet
What matters at India’s listed companies
Archive / Small cap / Page 7

Small cap

Wed · 01 Jul
6
Finance - NBFC

SG Finserve's loan book jumps 82% YoY to ₹4,551 cr in Q1

Provisional loan book up 16% QoQ, well above 25-30% CAGR guidance. Final results pending audit.

SGFIN Small cap 11:33 AM
6
IT - Software

Route Mobile ties up with Truecaller for verified business messaging

The partnership gives enterprises access to Truecaller's 500 million monthly active users, but no financial terms or revenue impact were disclosed.

ROUTE Small cap 11:02 AM
8
Steel Pipes

Goodluck India promoters sell 2.45% stake, holding drops to 54%

The Garg family and HUFs offloaded 813,684 shares in open market on June 29, the largest single-day promoter divestment in recent filings.

GOODLUCK Small cap 10:39 AM
Tue · 30 Jun
5
Credit · Real Estate

ICRA lifts Keystone Realtors to AA- on record pre-sales

One-notch upgrade reflects improved credit profile; stable outlook assigned. Covers ₹1,000 cr bank facilities and ₹325 cr NCDs.

RUSTOMJEE Small cap 8:30 PM
8
M&A · Finance - Investment

Wealth First buys Mumbai wealth manager in phased ₹52 cr deal

Acquisition of Wealth First Advisors adds a profitable distribution channel in India's largest wealth market. Related-party deal with promoter stake triggers governance watch.

WEALTH Small cap 7:50 PM
9
M&A · Auto Ancillary

Rane Madras buys Hindustan Composites' friction unit for ₹370 cr

The acquisition creates India's largest friction materials platform with combined revenue over ₹1,000 cr, spanning passenger vehicles, two-wheelers, railways, and aftermarket.

RML Small cap 7:31 PM
5
Pharmaceuticals

Morepen elevates Sanjay Suri to joint MD from July 2026

The internal re-designation formalises existing roles alongside brother Sushil Suri. No change in strategy or control.

MOREPENLAB Small cap 6:44 PM
5
Credit · Real Estate

Texmaco gets one-notch credit upgrade to CARE A-

CARE Ratings upgraded Texmaco Infrastructure from BBB+ to A- (Stable Outlook), marking a modest improvement in credit quality for the micro-cap real estate firm.

TEXINFRA Small cap 6:12 PM
9
Recycling

Pondy Oxides promoter sells 2.95% stake, holding drops to 4.34%

Manju Bansal unloads ₹112.6 cr in open market; no reason disclosed. The sale represents over 2.6% of market cap.

POCL Small cap 5:56 PM
5
Credit · Steel Pipes

Goodluck India gets a credit upgrade, but the move is modest

CRISIL lifts long-term rating to AA-/Stable from A+/Positive on ₹854.75 cr bank facilities, a one-notch improvement that signals better financial health but is unlikely to shift the stock meaningfully.

GOODLUCK Small cap 5:53 PM
7
EMS

EPACK Durable lands ₹1,084 cr Andhra Pradesh incentives

The state approves a 50% capital subsidy and land allotment for a combined investment by EPACK and its subsidiary, boosting the company's expansion plans.

EPACK Small cap 5:52 PM
7
Real Estate

Kolte-Patil pays off ₹140 crore NCDs early, cuts debt load

Real estate developer redeems unlisted debentures ahead of schedule, extinguishing a liability that was 4.3% of its market cap.

KOLTEPATIL Small cap 4:46 PM
5
M&A · Packaging

Promoter group entity lifts TCPL Packaging stake by 0.41%

Narmada Fintrade buys 36,900 shares in open market and inter-se transfers, raising voting rights to 21.40%.

TCPLPACK Small cap 4:33 PM
8
Metal - Non Ferrous

Bhagyanagar raises ₹52 cr via preferential issue to QIBs, individuals

The micro-cap copper products maker will issue shares at ₹348 each, bringing in institutional investors and diluting equity by ~3.8%.

BHAGYANGR Small cap 3:20 PM
5
Textile

Ruby Mills labour stoppage at Dhamni unit over wage talks

Disruption confined to one department; other divisions running. No material financial loss expected.

RUBYMILLS Small cap 2:56 PM
8
Diamond & Jewellery

Shanti Gold to raise ₹100 cr via rights issue, diluting 6% of equity

Board approves capital raise of up to ₹100 crore, representing ~6.1% of market cap. Details on pricing and ratio to follow.

SHANTIGOLD Small cap 1:52 PM
6
IT - Software

MapmyIndia elevates founder's son Rohan Verma to Joint MD, sharpens AI focus

Rohan Verma, 40, takes on a five-year term as Joint Managing Director. The promotion formalises his leadership role and signals a push into AI-native deep-tech products.

MAPMYINDIA Small cap 1:50 PM
8
Order Wins · Defence

Avantel lands ₹84 cr satcom order from Zetwerk

The order, under a rate contract from March 2026, is likely over 30% of annual revenue and must be executed by March 2027.

AVANTEL Small cap 1:33 PM
5
Textile - Manmade Fibres

India Capital Fund takes 5.07% in Ganesha Ecosphere

The Mauritius fund accumulated shares worth ₹120 cr over five months, but said nothing about board seats or takeover intent.

GANECOS Small cap 11:35 AM
8
M&A · Engineering - Industrial Equipments

Windsor Machines promoter lifts stake to 8.54% via ₹67-cr warrant conversion

Ramesh Keshubhai Siyani converted 34.8 lakh warrants to double his direct holding, bringing promoter group voting rights to 42.95%.

WINDMACHIN Small cap 11:29 AM
9
Order Wins · Engineering - Construction

SRM Contractors bags three infra orders worth ₹501 cr

New wins lift order book past ₹3,000 cr and cover railway, highway, and Kumbhmela projects. That is 49% of FY26 revenue in a single day.

SRM Small cap 11:11 AM
7
Trading

Optiemus lends ₹100 cr to subsidiary as profits slide

The unsecured loan to GDN Enterprises is worth 2.4% of market capitalisation and comes as Optiemus' consolidated revenue slipped 6.4% in FY26.

OPTIEMUS Small cap 10:52 AM
7
IT - Software

Magellanic Cloud unit lands Manappuram LOI for 1,000+ branches

IVIS International's AI surveillance deal with a top gold lender is a major validation, but the LOI is non-binding and no contract value is disclosed.

MCLOUD Small cap 10:05 AM
Mon · 29 Jun
6
Finance - NBFC

Crest Ventures' unit signs Dadar redevelopment pact in ₹2,200 cr cluster

Subsidiary Sutlej Housing inked a development agreement with one society in a prime Mumbai cluster. The full project's GDV dwarfs Crest's market cap, but its own slice remains undisclosed.

CREST Small cap 7:42 PM
5
Agrochemicals

India Pesticides faces ₹7.09 cr tax demand from search raid

The income tax demand for FY18-25 arises from a December 2024 search operation. Company says demand is not tenable and will appeal, with no material impact expected.

IPL Small cap 6:41 PM