Dhan Launches ‘Gold Vault’ Featuring MCX-Linked Pricing as MMT Sets Sights on Indian Market Listing.

In a notable development for Indian retail investors, trading platform Dhan has unveiled its latest offering, ‘Gold Vault,’ enabling users to purchase physical gold and silver at live exchange-linked prices. This innovative product allows investors to engage in bullion futures contracts on the Multi Commodity Exchange of India (MCX) and choose physical delivery. Dhan assures that transactions are backed by robust market infrastructure, including the MCX Clearing Corporation and institutional vault facilities, enhancing security and accessibility for participants in the precious metals market.

Meanwhile, online travel platform MakeMyTrip is eyeing a potential listing in Mumbai, aiming for the June quarter of FY27. The company, currently listed on Nasdaq, has enlisted a wide array of financial advisors including Axis Capital, Morgan Stanley, and JPMorgan Chase & Co. The move is anticipated to bolster its capital access, targeting both domestic institutional and retail investors. By considering a listing in India, MakeMyTrip can tap into local investment opportunities and offer equity as part of its growth strategy, further solidifying its position in the competitive travel sector.

In a separate but notable market movement, Citius TransNet Investment Trust (Invit) made a strong debut by listing at a 6.2% premium, driven by robust IPO demand that saw subscriptions exceeding 11 times. Priced between ₹99-100, the units last closed at ₹106.2, demonstrating investor confidence. The proceeds from the ₹1,105-crore issue are designated for acquiring road assets held through special purpose vehicles. As the markets continue to show resilience with various investment options, Indian investors are encouraged to explore these emerging opportunities, which reflect a dynamic landscape in both equity and commodity markets.

Source: Business Standard