In today’s briefing:
- Quiddity Leaderboard NIFTY Sep25: Multiple Changes to Expected ADDs/DELs; New Pair Trade Ideas
- Kalpataru Ltd IPO – Cemented by Debt Repayment

Quiddity Leaderboard NIFTY Sep25: Multiple Changes to Expected ADDs/DELs; New Pair Trade Ideas
- NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.
- In this insight, we take a look at the names leading the race to become ADDs/DELs for these indices during the September 2025 index rebal event.
- We see two changes for NIFTY 50 and five changes for NIFTY 100 in the September 2025 rebal.
Kalpataru Ltd IPO – Cemented by Debt Repayment
- Kalpataru Limited (KTARU IN) is looking to raise about US$184m in its upcoming India IPO.
- Kalpataru (KL) is an integrated real estate developer involved in identification and acquisition of land, planning, designing, execution, sales, and marketing of its projects.
- In this note, we take a quick look at the company’s past performance and the IPO valuations.
