EVENING BULLETIN 🚦 *Date: 21-May-2025* --- 📍 *IPO* *SCHLOSS HOTELS*: Sets IPO price band at ₹413–435 per share. *SCHLOSS HOTELS*: IPO to open on May 26; aims to raise ₹3,500 crore. *SCHLOSS HOTELS*: GMP trades at 3.6% premium. --- 📍 *ORDER WIN* *SUPREME POWER EQUIPMENT*: Bags ₹10.76 crore order from TNPDCL for 16 KVA/11 KV transformers. *SUPREME POWER EQUIPMENT*: ₹6.05 crore direct order; ₹4.71 crore via Danya Electric (90% owned). *RAJSHREE POLYPACK*: Secures ₹3.63 crore in domestic packaging orders from two FMCG clients. *POWER INSTRUMENTATION*: Wins ₹24.77 crore order for electrical work at Udaipur Air Terminal. *NBCC*: Secures ₹161.55 crore interior works contract from Power Finance Corporation. --- 📍 *BUSINESS OUTLOOK / GUIDANCE* *LAXMI ORGANIC*: Targets 2x revenue and 2.7x EBITDA growth by FY28 with ₹1,100 crore capex. *SOLAR INDUSTRIES*: Defence revenue guidance raised to ₹3,000 crore from ₹1,400 crore YoY. --- 📍 *SECTOR OUTLOOK / UPGRADES* *MORGAN STANLEY*: Upgrades European banking sector to *Overweight*. --- 📍 *CORPORATE DEVELOPMENT* *INDIAN METALS*: Approves incorporation of wholly owned subsidiary ‘Metallix Aviation Pvt Ltd’. *MANKIND PHARMA*: To incorporate foreign WOS in Sri Lanka for pharma & OTC business. *KILBURN ENGINEERING*: Approves proposal for NSE listing. --- 📍 *EXPANSION / LAUNCHES* *ATHER ENERGY*: Opens second Experience Centre in Indore in partnership with Seona E Vehicle Pvt Ltd. *ATHER ENERGY*: Has 18 outlets, 14 service centres in MP; launches new scooters with up to 159 km range. --- 📍 *COLLABORATION* *INFOSYS*: Collaborates with LogicMonitor to transform IT ops performance and reliability. --- 📍 *STATE MINING / LICENSE* *VEDANTA*: Hindustan Zinc receives LoI from AP Govt for Balepalyam Tungsten & associated minerals block. --- 📍 *DRHP / SEBI FILINGS* *SHIPROCKET*: Files confidential DRHP to raise nearly ₹2,500 crore via IPO. --- 📍 *FINANCIAL STRESS / CAPITAL INFUSION* *TATA TELE*: Tata Sons may infuse capital amid AGR dues crossing ₹19,000 crore. --- *Stay Updated 🚦