10000 CRORE SME GROWTH FUND
John Distilleries surpasses Rs 10,000 crore revenue in FY26; Sazerac become majority shareholder
In FY26, John Distilleries Ltd demonstrated remarkable growth, achieving a revenue of Rs 10,820.10 crore and a net profit of Rs 11.6 crore, marking an increase from the previous year. The recent acquisition of a 66 percent stake by Sazerac has positioned it as the majority owner, replacing Paul John Fund LLC. Renowned for its acclaimed Paul John single malt whisky and Original Choice whisky, the company continues to thrive.
Market wrap: Trent, BSE, Coal India, Tech Mahindra top gainers and losers on Nifty and Sensex on Tuesday
Franklin India Small Cap Fund crossed Rs 14,000 crore in AUM, while a Rs 10,000 monthly SIP grew to nearly Rs 1.94 crore over 20 years. The fund has outperformed its benchmark over 15 years, highlighting long-term compounding and disciplined investing.
Franklin India Small Cap Fund turns Rs 10,000 SIP to nearly Rs 2 crore in 20 years, crosses Rs 14,000 crore AUM
Franklin India Small Cap Fund crossed Rs 14,000 crore in AUM, while a Rs 10,000 monthly SIP grew to nearly Rs 1.94 crore over 20 years. The fund has outperformed its benchmark over 15 years, highlighting long-term compounding and disciplined investing.
Cabinet clears Rs 10,000 crore SME Growth Fund to boost small and medium enterprises
The SME Growth Fund aims to provide long-term growth capital and address financing gaps for these businesses. By targeting manufacturing and services sectors, the initiative will facilitate expansion and enhance competitiveness. Strategic investments in Tier II and Tier III cities will foster balanced regional development as well.
Cabinet approves new authority to enhance R&D across transportation and logistics
The Union Cabinet has approved the creation of an Integrated Transport & Logistics Authority to improve synergy. This new authority aims to enhance planning and evaluation processes across India's transportation sector. It will be responsible for appraising significant infrastructure projects and developing the National Transport Master Plan. Additionally, the ITLA will integrate essential data for effective project planning and monitor major transport projects.
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Cabinet approves Rs 10,000 crore SME Growth Fund for small and medium enterprises
The Union Cabinet approved a Rs 10,000 crore SME Growth Fund to support micro, small, and medium enterprises. This fund is part of the government's initiative to create champion MSMEs in India. Finance Minister Nirmala Sitharaman outlined various measures to enhance liquidity support and accessibility to risk capital. Additionally, the government allocated Rs 24,566.27 crore to the Ministry of Micro, Small and Medium Enterprises.
Experion Developers plans Rs 10,000 crore investment to build 3,000 luxury homes, plots in 5 years
Experion Developers, an Indian real estate platform, plans to invest Rs 10,000 crore in luxury homes. The investment will facilitate the development of approximately 3000 homes and plots over five years. Most of the projects will be located in the National Capital Region, with others in Amritsar, Lucknow, and Goa. The focus of the developments will center around wellness and environmentally responsible construction methods.
ETSA 2026: Consumer brands poised for bigger exits as strategic acquisitions pick up: Sauce’s Manu Chandra
Chandra has been selected for the Midas Touch honour for best investor at The ET Startup Awards 2026, with the jury recognising his track record of backing companies early and delivering significant exits.
Acme Universal Safezone 9 debuts 42% premium on BSE SME; Pind Hospitality opens at 20% discount. Check details
Three SME IPOs — Pind Hospitality, Acme Universal Safezone 9 and Shivchem Agro — made their debut on the BSE SME platform on October 6. Together, the companies raised nearly Rs 68 crore through their IPOs, with subscription levels ranging from 2.20 times to 23.41 times.
12 equity mutual funds turned Rs 10,000 SIP into Rs 10 crore since inception. Are they in your portfolio?
A Rs 10,000 monthly SIP in 12 equity mutual funds grew to more than Rs 10 crore since their respective inceptions, an ETMutualFunds analysis found. Nippon India Growth Mid Cap Fund topped the list with Rs 27.13 crore, followed by Franklin India Mid Cap Fund at Rs 22.13 crore, highlighting long-term wealth creation.
4 SME IPOs to list today; Bench Mark Infotech Services, Himalayan Solar among highly subscribed issues
Four SME IPOs, including Bench Mark Infotech Services, Himalayan Solar, Dudani Retail, and Sai Urja Indo Ventures, will list on the BSE and NSE SME platforms today after collectively raising Rs 146 crore. Bench Mark Infotech Services saw the highest demand, achieving over 100 times total subscription.
Paramount Syntex subscribed 1.3 times on day 2 of bidding; QIB book hits 119 times
Paramount Syntex's Rs 82-crore IPO was subscribed 1.35 times on the second day of bidding on the BSE SME platform. The issue received bids for 82.39 lakh shares against 61.17 lakh shares on offer. The QIB portion was subscribed 119.29 times, while the retail and NII portions saw 10% and 2% subscription, respectively. The IPO closes on October 6.
FPIs turn net sellers, pull out Rs 35,860 cr in Sep
In September, foreign portfolio investors shed a staggering Rs 35,860 crore from Indian equities, driven by global uncertainties and rising US interest rates. This selling trend persisted into October with an outflow of Rs 9,232 crore. This selling follows significant investments of Rs 49,830 crore made in July and August.
Eventions SME IPO to open on Sep 30; seeks to raise Rs 38.12 cr
Eventions IPO aims to strengthen financial stability, support working capital, and pay off debt. Funds from the IPO will also help invest in a subsidiary and address general corporate purposes. Eventions reported growth in total income and profit after tax over the past three years.
SME IPO: Sollfege Smart Electronics to raise Rs 21.7-cr; issue to open on Sep 30
The initial public offering (IPO) will open for subscription on September 30 and conclude on October 5. The shares will be listed on the BSE SME platform with a tentative listing date of October 8.
In 2009, an entrepreneur invested $10,000 in a moving business; 13 years later, it generated $26 million in revenue
Brian Slater started New City Moving in 2009 with $10,000 and one used truck. He built slowly, reinvesting what the business earned instead of chasing fast growth. His bigger insight came from customers. A college move could lead to a suburban move, then a family home. Slater built around that journey, while investing in people, service and lasting relationships.
The missing middle in Asia’s finance puzzle: AVPN CEO on MSMEs, capital and capability
From MSME finance and AI skilling to blended capital and climate investment, AVPN CEO Naina Subberwal Batra explains why coordination is becoming critical to Asia’s development agenda.
AMC stocks face rough waters; Kotak sees selective opportunities in SBI, HDFC AMC
Indian asset management companies are experiencing steady retail inflows, notably through Systematic Investment Plans. Kotak Institutional Equities suggests that future growth is closely tied to market recovery and continuous fund performance. Smaller AMCs are becoming more popular, whereas larger firms are pressured to deliver consistent results. For significant AMCs like SBI Funds Management, stable performance is crucial for sustaining profit growth.
Roopa Screen, Peshwa Wheat shares to list today; Roopa Screen commands 66% GMP
Two SME IPOs, Roopa Screen and Peshwa Wheat, are set to list on the BSE SME platform on October 1. Roopa Screen's shares are commanding a GMP of around 66%, while Peshwa Wheat has no reported GMP. The two IPOs raised a combined Rs 72.72 crore from investors.
HDFC Mid Cap and Quant Small Cap among 16 equity mutual funds to deliver over 20% XIRR on SIP investments in 7 years
Sixteen equity mutual funds delivered over 20% XIRR on SIP investments over the last seven years, with smallcap funds dominating the list. Quant Small Cap Fund topped the list with a 26.93% XIRR.
5 SME IPOs to list today: Liqvd Digital, Unitec Fibres among most subscribed issues
On September 30, investors will witness the debut of five small and medium-sized enterprise IPOs, including Coreintegra Consulting and Pooja Logistics. Among these, Liqvd Digital stands out with an impressive subscription rate of 5.08 times. Coreintegra and Pooja also performed well, with subscriptions of 1.40 times and 3.11 times, respectively, while S.K. Offset and Unitec Fibres showed lower but notable interest.
8 SME IPOs to open today, seek to raise Rs 440 crore; check price bands, lot sizes and key dates
Eight SME IPOs — TNA Solutions, Omara Ventures India, Sollfege Smart Electronics, Eventions, Acme India Industries, Paramount Syntex, SJP Ultrasonics and Dove Soft — open for subscription today, September 30, collectively seeking to raise around Rs 440 crore. Seven will list on BSE SME, while Eventions will debut on NSE SME.
Himalaya Nutravedics, Anand Seamless shares to list today; Check IPO subscription and key details
The funds raised through the issues are earmarked for purposes including working capital, business expansion, capacity enhancement, debt repayment and general corporate requirements.
Three SME IPOs set to list today: Robokidz, FX Multitech, Vivekanand Cotspin in focus
Together, the three IPOs sought to raise around Rs 98.53 crore from investors. Among them, Vivekanand Cotspin raised Rs 22.20 crore, FX Multitech raised Rs 45.24 crore, while Robokidz Eduventures raised Rs 31.09 crore.
IPO Calendar: 20 new issues to open for subscription in busiest week of the year
India's primary market faces its busiest week of the year as 20 IPOs open to raise Rs 1,292 crore. The line-up features four mainboard issues led by SRIT India, Vishal Nirmiti, Nityas Gems & Jewellery, and Shah Investor's Home seeking Rs 595 crore, alongside 16 SME offerings raising Rs 697 crore.
Omara Ventures India Files RHP Ahead of ₹41.99 Crore IPO on September 30, 2026
Omara Ventures India Limited has officially submitted its Red Herring Prospectus, gearing up for an IPO launch on September 30, 2026, which will conclude on October 5, 2026. The funds raised are earmarked for significant business expansion, enhancing marketing efforts, and loan repayments. Following impressive growth in the last fiscal year, the company is poised to elevate its stature in the designer jewellery sector with this public offering.
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