“Exposed: Trump’s AI Spy Network Powered by Palantir Could Track Every American – Here’s What We Know”

“Trump’s Unprecedented Surveillance Network: Palantir’s Role in Expanding Government Monitoring Capabilities”

“In 2025, the Trump administration deepens its collaboration with Palantir Technologies, leveraging advanced AI tools to enhance domestic surveillance operations.”

Introduction

In 2025, the Trump administration has stepped up its collaboration with Palantir Technologies, a data analytics firm recognized for its work with federal organizations.

This cooperation aims to integrate modern artificial intelligence (AI) tools to improve domestic surveillance and monitoring capabilities.

The plan raises serious concerns about privacy and the risk of further government overreach.

Donald Trump with artificial intelligence background representing government surveillance in 2025"

Donald Trump with artificial intelligence background representing government surveillance in 2025″

Expansion of Surveillance Technologies

The administration has authorized intelligence agencies, including the National Geospatial-Intelligence Agency (NGA) and the National Reconnaissance Office (NRO), to use satellite monitoring to monitor the United States-Mexico border.

This directive is part of a larger strategy to improve border security and manage immigration.

The NGA has established a task force for this goal, and the NRO is working with the intelligence community to secure the borders.

This project demonstrates the administration’s commitment to using AI and technology to monitor domestic operations.

. Reuters

Palantir’s Role in the Surveillance Framework

Palantir Technologies has received many large contracts to supply AI-powered data analytics tools to several federal organizations. These platforms, which include Foundry, Gotham, Apollo, and the Artificial Intelligence Platform (AIP), are intended to combine and analyze large amounts of data from many sources.

For example, Palantir has deployed its first two TITAN systems to the US Army, which function as mobile ground stations that use AI to collect data from space sensors, supporting soldiers with battle strategy and boosting attack targeting and precision.

. NBC New York+4Investing.com+4Nextgov/FCW+4NBC10 Philadelphia

Palantir has also been awarded contracts worth more than $65 million to deliver data-as-a-service platforms for the United States Air Force and Space Force, with work slated to be completed by mid-2025.

Privacy Concerns and Ethical Implications

The increase of surveillance capabilities through artificial intelligence and data analytics creates serious privacy and ethical concerns. Civil rights campaigners warn that such technology could jeopardize individual privacy and civil freedoms.

The integration of Palantir’s platforms with Microsoft’s Azure Government cloud services exacerbates the problem, as it entails the processing and analysis of sensitive data in classified environments.

Palantir’s Financial Growth Amid Government Contracts

Palantir’s engagement with the Trump administration has aided its financial growth. In the first quarter of 2025, the company recorded revenues of $883.9 million, with a 45% rise in US government revenue. The company now expects yearly revenues of $3.89 billion to $3.90 billion, an increase from previous predictions.

Donald Trump with artificial intelligence background representing government surveillance in 2025"

Donald Trump with artificial intelligence background representing government surveillance in 2025″

Conclusion

The Trump administration’s growing relationship with Palantir Technologies represents a dramatic move toward enhanced domestic surveillance using powerful AI and data analytics.

Proponents believe that these measures improve national security, but they also raise serious concerns about privacy, civil liberties, and the ethical use of technology in government operations.

As this collaboration progresses, it will be critical to evaluate its impact on individual liberties and the balance of power between the state and its citizens.

 

“RRB NTPC 2025: Shocking Changes in Exam Cities & Dates – Download Your Slip Here!”

Exam Dates & City Intimation Slip

The Railway Recruitment Board (RRB) has released the Exam City Intimation Slip for the NTPC 2025 Computer-Based Test (CBT-1).

This slip includes the city and date of the examination, allowing candidates to organize their travel and accommodations accordingly.

Hindustan Times+3The Economic Times+3The Times of India+3

Important dates:

Exam City Intimation Slip Release Date: May 27, 2025

Admit card release is expected by June 1, 2025.

Exam dates: June 5–June 24, 2025.

RRB NTPC 2025 official website portal for city intimation slip download"

RRB NTPC 2025 official website portal for city intimation slip download”

How to Download the Exam City Intimation Slip

Visit the official RRB website at https://www.rrbapply.gov.in.

Select your RRB region.

To obtain the “Exam City Intimation Slip,” click on the link provided.

Please enter your registration number and date of birth.

Download and print the slip for future reference.

Exam Pattern & Selection Process

Stage 1: CBT-1 (Preliminary Exam)

Total questions: 100.

Duration: 90 minutes (120 minutes for disabled candidates).

Subjects:

Mathematics: 30 questions

General Intelligence and Reasoning: 30 Questions

General Awareness – 40 questions

Marking Scheme: 1 mark per correct answer; 1/3 mark deducted for each incorrect answer

Shiksha+4Business Standard+4Best Colleges+4Best Colleges+1Business Standard+1

Stage 2 – CBT-2 (Main Exam):

Candidates who pass CBT-1 will be eligible for CBT II.

Following Stages:

Typing Skill Test or Computer-Based Aptitude Test (where appropriate)

Document Verification

Medical ExaminationBest Colleges+6sarkari-alert.in+6Hindustan Times+6

RRB NTPC 2025 official website portal for city intimation slip download"

RRB NTPC 2025 official website portal for city intimation slip download”

Important Notes

The Exam City Intimation Slip is not the same as the Admission Card.

The admission card, which is necessary to access the examination venue, will be available about four days before the exam.

Candidates should monitor the official RRB website on a frequent basis for updates on the issuance of their admit cards and other vital information.

 

Traders Are Using These 4 Shocking Acronyms to Survive Trump’s Second Term – Are You?”

Investor Acronyms Reflect Market Turbulence Amid Trump’s Second Term

As President Donald Trump begins his second term, financial markets are seeing increased volatility, pushing investors to create new acronyms that capture the unpredictable character of current economic policy.

These acronyms are both a reflection of market mood and a strategic shorthand for negotiating the complexity of Trump’s trade and economic policies.

“President Trump speaking as stocks drop amid tariff announcement”

“President Trump speaking as stocks drop amid tariff announcement”

TACO and FAFO: Investor Acronyms Mirror Market Volatility

The abbreviation TACO—Trump Always Chickens Out—was coined by Financial Times journalist Robert Armstrong in May 2025. It describes President Trump’s habit to declare severe tariff measures only to withdraw them later, causing market swings.

This pattern has been noticed since the administration’s “Liberation Day” tariffs, which first frightened markets but were eventually eased, generating investor concern.

Wikipedia+1The New Republic+1

Another term gaining popularity is FAFO—F** Around and Find Out*. This word describes the chaotic and unpredictable character of the markets under Trump’s leadership.

It reflects investor perceptions that managing the current economic landscape is a gamble with major risks and rewards.

MEGA and MAGA: Shifts in Global Investment Sentiment

The moniker MEGA—Make Europe Great Again—has developed as investors look outside the United States‘ markets. Following US trade policies, European markets have witnessed increased interest from investors seeking regional stability and economic prospects.

This shift is part of a larger trend in which global investors diversify their portfolios to reduce the risks connected with US economic policies.

MAGA—Make America Go Away—takes a more cynical approach.

Some investors use this word to express dissatisfaction with US assets, particularly after foreign policy mistakes such as the failed Greenland annexation attempt.

It represents an increasing trend among certain investor circles to distance themselves from US investments due to perceived volatility.

Financial Markets React to Trump’s Trade Policies

President Donald Trump’s strong trade policies have had a significant impact on financial markets.

The news of taxes on imports from Mexico, Canada, and China triggered rapid market reactions, including a 1.2% loss in Dow futures and a 2.7% decline in Nasdaq futures.

The cryptocurrency markets were also hit, with Bitcoin and Ethereum suffering large losses.

.Decrypt

Despite these problems, the global economy has proven resilient. The International Monetary Fund forecasts global growth of 2.8%, which is consistent with patterns since 2008.

This stability is partly attributed to firms accelerating output and trade ahead of prospective duties, as well as tentative progress in trade negotiations, particularly with the European Union.

“President Trump speaking as stocks drop amid tariff announcement”

“President Trump speaking as stocks drop amid tariff announcement”

Reuters+5Reuters+5Reuters+5

Conclusion

The rise of acronyms such as TACO, FAFO, MEGA, and MAGA demonstrates the complexity and volatility of financial markets during President Trump’s second term.

These phrases not only reflect market opinion, but also provide methods for negotiating the uncertainty of contemporary economic policies.

As global markets adapt to these changes, the function of acronyms in developing investing strategies remains important.

“CA Exam Tsunami Coming in September 2025? ICAI Drops Bombshell with New Dates!”

ICAI CA September 2025 Exam Schedule Released

The Institute of Chartered Accountants of India (ICAI) has officially published the test dates for the Chartered Accountant (CA) September 2025 session.

This timetable comprises the Final, Intermediate, and Foundation courses, allowing applicants to organize their study timelines.

CA exam schedule time

CA exam schedule time

The Times of India+1The Economic Times+1

Exam Dates and Timings

Final Course Examination
Group 1:

Dates: September 3, 6, and 8, 2025

Timings: 2:00 PM to 5:00 PM

Group 2:

Dates: September 10, 12, and 14, 2025

Timings: 2:00 PM to 5:00 PM for Papers 1–5; Paper 6 from 2:00 PM to 6:00 PM

CA exam schedule time

CA exam schedule time

Intermediate Course Examination, Group 1:

Dates: September 4, 7, and 9, 2025.

Timings: 2:00 to 5:00 pm

Group Two:

Dates: September 11, 13, and 15, 2025.

Timings: 2:00 to 5:00 pm

Foundation Course Examination

dates are September 16, 19, 20, and 22, 2025.

Timings:

Paper 1 & 2: 2:00 PM – 5:00 PM

Paper 3 & 4: 2:00 PM – 4:00 PM

Application Process

Application Period: July 5 – July 18, 2025.

Mode: Online using the official ICAI Self Service Portal (SSP).

Website: icai.orgCAclubindia

Examination Fees

Course Overview:

India: ₹1,500.

Bhutan/Kathmandu: Rs. 2,200

Other overseas centers cost $32.

Finance Careers 360+7Navbharat Times+7CAclubindia+7CAclubindia

Intermediate Courses:

Single group costs ₹1,500.

Both groups cost ₹2,700.

Overseas centers charge $325 per group.

 Careers360Careers360+3CAclubindia+3Navbharat Times+3

Final Course:

Single Group: ₹1,800.

Both groups pay ₹3,300.

Overseas Centers cost $400 per group.

CAclubindia

Exam Centers

The tests will take place in over 200 Indian cities as well as nine international locations, including Dubai, Abu Dhabi, Riyadh, and Kathmandu. Candidates can select their chosen exam center during the application process.

. CAclubindia+1Finance Careers 360+1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“8th Pay Commission Bombshell: Salaries May Double by 2026 – Are You Ready?”

Comprehensive Guide to the 8th Pay Commission: Salary, Pension, and Key Reforms

The 8th Central Pay Commission (CPC) is preparing to make significant adjustments to the remuneration structure for central government employees and pensioners.

The commission, which was approved by the Union Cabinet in January 2025, aims to handle the changing economic landscape while also ensuring appropriate compensation for public officials.

The following is a detailed overview based on the most recent available data.

Central government employees at work in an office — 8th Pay Commission update 2025

Central government employees at work in an office — 8th Pay Commission update 2025

Timeline and Implementation

Cabinet approval: January 2025.

The expected implementation date is January 1, 2026.

Key milestones:

The formation of the panel and the appointment of officers are now underway.

Final suggestions and a compensation matrix are expected by mid-2026.

Salary Revisions: Fitment Factor and Basic Pay

Fitment Factor: Expected to be between 2.28 to 2.86, up significantly from 2.57 in the seventh CPC.

Minimum Basic Pay:

Seventh CPC: ₹18,000.

The 8th CPC ranges from ₹41,000 and ₹51,480, depending on the final fitment factor.

Salary Hike: Anticipated increase of 20% to 35%, with some estimates suggesting up to a 186% rise for the lowest pay levels

.LawChakra+3India Today+3Bceceboard.Com+3HR Calcy – Human Resource Calculator+4LawChakra+4Kozhikode DDE+4

Pension Revisions

Minimum pension:

Seventh CPC: ₹9,000.

The expected rise for the 8th CPC is around ₹25,740.

.LawChakraHR Calcy – Human Resource Calculator+1SAPOST+1CRM Catering & Hotel Management

Central government employees at work in an office — 8th Pay Commission update 2025

Central government employees at work in an office — 8th Pay Commission update 2025

Allowances and Benefits

Dearness Allowance (DA): Intended to be reset to zero upon installation, with subsequent modifications based on inflation.

House Rental Allowance (HRA):

Type X Cities: 30% of base salary.

Type Y Cities: 20% of basic salary.

Type Z Cities: 10% of base pay.

Allowances: To counterbalance inflation, allowances such as Transportation Allowance, Children’s Education Allowance, and Dress Allowance are expected to grow by 25%.
.Kozhikode DDE+5HR Calcy – Human Resource Calculator+5LawChakra+5HR Calcy – Human Resource Calculator+3Bceceboard.Com+3The Economic Times+3

Key Highlights

Economic Impact: Salary and pension increases are likely to boost consumer spending and contribute to economic development.

Implementation Challenges: Delays in establishing the pay matrix and hiring commission officers may impact the timeframe.

Employee Expectations: While the projected raises are significant, unions and employees are calling for larger fitment factors to match rising living expenditures.

ozhikode DDE

FAQ:

Q1: When will the 8th Pay Commission be implemented?

Implementation is slated to begin on January 1, 2026, with final recommendations due by mid-2026.
Kozhikode DDE

Q2: What is the predicted fitting factor under the eighth CPC?

The fitting factor is predicted to range from 2.28 to 2.86.

.Kozhikode DDE+2India Today+2Bceceboard.Com+2

Central government employees at work in an office — 8th Pay Commission update 2025

Central government employees at work in an office — 8th Pay Commission update 2025

Q3: How will the DA be adjusted under the 8th CPC?

DA will be merged into the basic pay, with subsequent adjustments based on inflation .

Q4: Will seniors profit from the eighth CPC?

Yes, retirees are expected to experience a large boost in their monthly pensions, in line with the changed compensation structure.

“12 Days Banks Will Be Closed in June 2025 — Plan Your Transactions Now”

According to the Reserve Bank of India (RBI) standards, banks are normally closed on the second and fourth Saturdays of each month, as well as Sundays.

Banks do, however, remain open on the fifth Saturday of each month. As a result, on Saturday, May 31, 2025, banks across India are set to open.

Indian bank branch showing open sign on fifth Saturday, May 31, 2025

Indian bank branch showing open sign on fifth Saturday, May 31, 2025

. The Economic Times

Upcoming Bank Holidays in June 2025

In June 2025, banks across India will close for many vacations due to national and regional festivities, in addition to regular weekend closures. The RBI has declared certain holidays under the Negotiable Instruments Act, and they may vary by state.

. The Economic Times+1Indiatimes+1

Full List of Bank Holidays in June 2025

Date, Occasion, and Affected States: June 6, Friday On Saturday, June 7, all states save Kerala observe Bakrid (Id-Uz-Zuha).
Date: Wednesday, June 11 Sant Guru Kabir Jayanti takes place in Sikkim, Himachal Pradesh.
June 27 – Friday. Ratha Yatra/Kang in Odisha, Manipur on Monday, June 30. Remna Ni Mizoram.

In addition to these holidays, banks will be closed on all Sundays and the second and fourth Saturdays in June.

For example, banks will be closed on June 14 and June 28, the second and fourth Saturdays, respectively.

Indian bank branch showing open sign on fifth Saturday, May 31, 2025

Indian bank branch showing open sign on fifth Saturday, May 31, 2025

. Indiatimes

Digital Banking Services Available

Even on bank holidays, digital banking services such as mobile banking, net banking, ATMs, and UPI payments will remain available unless they are disrupted by scheduled maintenance.

These services enable users to conveniently do numerous banking operations from their homes or mobile devices.

. Indiatimes

Planning Your Banking Activities

To maintain smooth banking operations and avoid any difficulty, schedule your financial activities ahead of time.

Check your state’s specific holiday schedules and use digital banking services for transactions while banks are closed.

For a complete list of state-specific bank holidays, visit the official RBI website or reputable news sources.

Indian bank branch showing open sign on fifth Saturday, May 31, 2025

Indian bank branch showing open sign on fifth Saturday, May 31, 2025

. The Economic Times

Conclusion

Understanding the RBI’s holiday calendar and scheduling your banking activities accordingly will help you manage your money more successfully. Remember to use digital banking services during the holidays to ensure continuous access to your accounts and services..Indiatimes

“Deadlier Than Before? New COVID Variant JN.1 Spreads Fast Across India!”

🇮🇳 India: Active Cases and Regional Trends

As of May 30, 2025, India is experiencing a recurrence of COVID-19 instances.

The overall number of current cases now exceeds 1,000, with considerable rises reported in numerous states.

Maharashtra, Kerala, and Delhi are among the most affected regions.

In Maharashtra, 84 additional cases were reported on May 30, bringing the total since January 2025 to 681. Health officials have underlined that the majority of these cases are mild and have advised the public not to panic.

India COVID-19 heatmap showing active cases in Kerala, Maharashtra, Delhi – May 2025”

India COVID-19 heatmap showing active cases in Kerala, Maharashtra, Delhi – May 2025”

.The Economic Times

Delhi reported 104 active cases, with 19 individuals hospitalized.

The Chief Minister assured that hospitals are prepared, and new facilities have been opened to strengthen healthcare infrastructure.

.The Times of India

Kerala remains the leader with over 430 ongoing cases, accounting for more than 40% of the national total. Other states, including as Bihar and Jharkhand, are experiencing rising case numbers, putting additional strain on healthcare resources.

 .Navbharat Times

Global Overview: Case Trends and Variants

Globally, COVID-19 cases have been increasing since February 2025, with over 147,000 new cases reported between February and May.

Despite a decrease in hospitalizations, the number of deaths has increased, indicating that COVID-19 is entering an endemic phase with seasonal outbreaks comparable to influenza.

.Areppim

The World Health Organization (WHO) has identified numerous variants of interest, including JN.1, which is now the most widespread in India.

Other variants being monitored include XEC, LP.8.1, and LB.1, with LP.8.1 and LB.1 indicating rising prevalence.

World Health Organization

Preventive Measures and Outlook

To reduce the spread of COVID-19, health officials recommend the following actions.

Wearing masks in crowded or poorly ventilated environments.

Maintaining physical distance wherever possible.

Practice regular hand hygiene.

Avoiding unnecessary travel to regions with high case numbers.

Microscopic view of COVID-19 JN.1 variant – 2025 global health alert”

Microscopic view of COVID-19 JN.1 variant – 2025 global health alert”

The Times of India+1ETHealthworld.com+1The Times of

While the current wave is not producing widespread severe illness, the increase in instances emphasizes the significance of maintaining attention and following public health guidelines.

Variant Spotlight: JN.1

The JN.1 variety, a sub-lineage of Omicron, has been designated a variety of Interest (VOI) by the WHO.

It has stronger transmissibility but does not appear to induce more severe sickness than prior strains. Symptoms are mostly mild and include fever, sore throat, and runny nose.

.Hindustan Times

In India, JN.1 was first discovered in Kerala in December 2023. By January 2024, 682 instances had been documented from 12 states. Consultations on healthcare platforms such as Practo have increased tenfold, particularly in urban locations like Bengaluru, Delhi, and Hyderabad.

.The Times of India+1ETHealthworld.com+1The Financial Express

Experts encourage persons over the age of 60, those with comorbidities, and immunocompromised patients, such as cancer patients, to take particular measures.

While extra booster doses are not currently indicated for the general population, these high-risk groups should exercise caution.

Hindustan Times+1The Times of India+1

Microscopic view of COVID-19 JN.1 variant – 2025 global health alert”

Microscopic view of COVID-19 JN.1 variant – 2025 global health alert”

“Is Your Money Safe? IndusInd Bank’s ₹2,000 Crore Fraud Investigation Explained”

ICAI Launches Probe into IndusInd Bank’s Accounting Irregularities Amid Derivative Losses

The Institute of Chartered Accountants of India (ICAI) has begun a study of IndusInd Bank’s financial accounts for fiscal years 2023-24 and 2024-25. This move comes after claims of accounting problems related to the bank’s foreign exchange derivatives portfolio.

.The Economic Times

ICAI President Charanjot Singh Nandal acknowledged the situation, noting that the review attempts to analyze any anomalies or irregularities in the bank’s financial reporting based on the allegations expressed.

Financial analysts investigating IndusInd Bank accounting irregularities”

Financial analysts investigating IndusInd Bank accounting irregularities”

Derivative Accounting Lapses Lead to Significant Losses

IndusInd Bank stated that erroneous accounting of internal derivative deals, particularly those with early termination, resulted in notional profits and accounting problems.

Grant Thornton, nominated by the bank’s board, estimated a cumulative adverse accounting impact on the profit and loss account of ₹1,959.98 crore as of March 31, 2025.

.Business Standard+2Business Standard+2The Times of India+2

Internal derivative trades between the asset-liability management desk and the treasury employed accrual accounting, whereas trades with external counterparties were marked to market.

This mismatch allowed IndusInd to delay losses internally while prematurely registering gains externally, resulting in overstated earnings.

The Financial Express+2The Times of India+2ETBFSI.com+2

PwC’s external audit found that the bank’s derivative discrepancies had a negative impact of ₹1,979 crore on its net value as of December 2024, representing a 2.27% decline.

HDFC Sky+10The Indian Express+10Business Standard+10

Regulatory Actions and Internal Measures

In reaction to these findings, the Reserve Bank of India (RBI) has barred internal derivative dealings from April 1, 2024. IndusInd Bank has since discontinued such internal trades and is working to improve internal controls and ensure compliance with accounting standards.
.The Times of India+3Business Standard+3The Indian Express+3

Grant Thornton’s forensic audit found 25 people, including top executives in the treasury department, who were accountable for the accounting errors. The bank is exploring appropriate actions, including possible termination and reassignment, depending on the results.

.Moneycontrol+1The Financial Express+1

Financial analysts investigating IndusInd Bank accounting irregularities”

Financial analysts investigating IndusInd Bank accounting irregularities”

Market Impact and Investor Concerns

Following the exposure of these accounting irregularities, IndusInd Bank’s stock fell more than 25% in a single day.

The bank recorded a net profit of ₹1,401 crore in the December quarter of FY25, but accounting irregularities and losses have aroused investor concerns.

.The Indian Express+1ETBFSI.com+1

The ICAI’s evaluation emphasizes the gravity of the charges and the organization’s commitment to maintaining openness and accountability in financial reporting in the banking industry.

The conclusion of this assessment could have a substantial impact on the bank’s governance and regulatory status.

“Reliance Power Just Made India’s Biggest Solar-Battery Deal – Here’s What You Need to Know!”

Reliance Power’s Strategic Expansion into Solar and Battery Storage

1. 350 MW solar + 175 MW/700 MWh BESS project with SJVN.

Awarded by SJVN Limited, a Navratna CPSE.

Project Details: 350 MW solar capacity coupled with a 175 MW/700 MWh battery energy storage system (BESS).

Tariff: ₹3.33 per kWh over 25 years.

Connection: interstate transmission system (ISTS)-connected

Competitive bidding is the method used for awarding

Market Impact: Reliance Power’s shares rose by 3.01% to ₹53.79 on the NSE

Business UpturnThe Times of Indi

Reliance Power solar farm with integrated battery energy storage system in India”

Reliance Power solar farm with integrated battery energy storage system in India”

2. 930 MW Solar + 465 MW/1,860 MWh BESS Project with SECI

Awarded By: Solar Energy Corporation of India (SECI)

Project Details: 930 MW solar capacity integrated with a 465 MW/1,860 MWh BESS

Tariff: ₹3.53 per kWh

Duration: 25-year Power Purchase Agreement (PPA)

Connection: ISTS-connected

Significance: This project is India’s largest single solar and battery storage initiative and the second-largest deployment of grid-scale storage batteries at a single site in Asia, after China

tndindia.com+9pv magazine India+9Business Upturn+9tndindia.com+6Business Standard+6Business Upturn+6pv magazine India+1Business Upturn+1Business Upturn+5Business Standard+5The Economic Times+5

Reliance Power solar farm with integrated battery energy storage system in India”

Reliance Power solar farm with integrated battery energy storage system in India”

3. Total Clean Energy Portfolio

Combined Capacity: Solar: Approximately 2.4 GW BESS: Over 2.5 GWh Strategic Positioning: These developments position Reliance Power as a leading player in India’s integrated solar-plus-battery storage sector

“Scoda Tubes IPO Skyrockets 53x – Experts Predict ₹162 Listing! Should You Buy Now?”

Scoda Tubes Ltd, a Gujarat-based manufacturer of stainless steel tubes and pipes, has launched its Initial Public Offering (IPO) in a price range of ₹130-₹140 per share.

The IPO plans to raise ₹220 crore through a fresh offering of equity shares, without an Offer for Sale (OFS).

The cash raised will be used largely to increase manufacturing capacity and meet working capital requirements.

Scoda Tubes stainless steel pipes manufacturing unit”

Scoda Tubes stainless steel pipes manufacturing unit”

IPO Subscription Status

(Day 3)

As of May 30, 2025, the Scoda Tubes IPO has been subscribed 53.25 times. The subscription information is as follows.

Qualified Institutional Buyers (QIB): 69.51x

Non-institutional investors (NIIs): 112.77x

Retail Individual Investors (RII): 18.45x

This overwhelming demand indicates strong investor confidence and interest in the company.IPO Watch+4Groww+4mint+4

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Scoda Tubes’ IPO is ₹22, indicating a listing price of around ₹162 per share at the upper end of the price band.

This represents a possible listing gain of around 15.7% for investors who apply at the cut-off price. The GMP has been trending upward, indicating increased investor interest.

Financials & Valuation

Valuation at Upper Price Band: Around ₹840 crore

Price to Earnings (P/E) Ratio: 30.43x (consistent with industry average of 31.96x).

Price to book (P/B) Ratio: 8.76x (somewhat lower than industry average of 9.56x).

ROE: ~13.5%.

ROCE: about 13.5%.

Operating Margins: ~12%

Revenue CAGR (FY22–FY24): 44%

EBITDA CAGR: 143%

Profit After Tax (PAT) CAGR: 235%

These robust financials demonstrate Scoda Tubes’ strong growth trajectory and operational efficiency.

Business Overview

Coda Tubes specializes in the manufacture of seamless and welded stainless steel tubes and pipes.

The company operates a hot piercing mill with a capacity of 20,000 MT per year, allowing for backward integration and cost control.

Its products serve a wide range of industries, including oil and gas, chemicals, fertilizers, power, pharmaceuticals, automotive, rail, and transportation.

The company has a strong export presence, with one-third of its income coming from international markets in 11 countries.

.website+1Ipo Platform+1Ipo Platform

IPO subscription graph indicating strong investor demand”

IPO subscription graph indicating strong investor demand”

Risks & Considerations

Despite its great financial performance, investors should consider the following risks:

Cash Flow Efficiency: Questions about the company’s cash flow management.

Distributor Dependency: Relying on major distributors for sales.

Global Market Uncertainty: Exposure to changes in global demand and geopolitical conditions.

Growth Moderation: Growth rates have moderated during the last nine months.

Valuation Concerns: An implied P/E ratio of 35-40 may limit short-term upside.

Investment Recommendation

Given the high subscription demand, good GMP, strong financial performance, and development potential, the Scoda Tubes IPO is an appealing investment option for both short-term listing profits and long-term portfolio diversification.

Investors with a moderate risk tolerance and a focus on industrial manufacturing sectors may want to apply at the cut-off price.

IPO subscription graph indicating strong investor demand”

IPO subscription graph indicating strong investor demand”