Are you among the many investors who bid for the Laxmi Dental IPO? If so, you’re not alone. The Laxmi Dental IPO has attracted unprecedented attention from investors across categories, leading to an oversubscription of 114 times. This response showcases the strong demand and investor confidence in the company’s prospects.
However, with such high levels of interest, many are left wondering about the next steps. How will the allotment process work? What can investors expect on the listing day? And what role does the grey market premium (GMP) play in shaping expectations? We’ll break down each aspect step by step, helping you navigate through the allotment status, listing details, and market trends with ease.
Laxmi Dental IPO Subscription Details
The Laxmi Dental IPO opened for public subscription on January 13, 2025, and closed on January 15, 2025. It raised ₹698.06 crore, comprising a fresh issue of 32.24 lakh equity shares aggregating ₹138 crore and an offer for sale (OFS) of 1.31 crore shares worth ₹560.06 crore. The IPO price band was set between ₹407 and ₹428 per share.
The strong response on the final day highlights the high demand across all investor categories. If you were to look at the day-wise subscription details:
Date
QIB
NII
NII (> ₹10L)
NII (< ₹10L)
Retail
Total
Day 1Jan 13, 2025
0.13
10.89
10.58
11.52
12.61
5.33
Day 2Jan 14, 2025
0.84
37.44
39.38
33.57
29.65
16.06
Day 3Jan 15, 2025
110.38
147.69
167.68
107.7
75.1
114.14
Allotment Details
With bidding now closed, the focus shifts to allotment. Laxmi Dental is expected to finalise the basis of share allotment on Thursday, January 16, 2025. Here’s a step-by-step guide to checking the allotment status:
For those who do not receive an allotment, refunds will be initiated on the same day as the allotment finalization. Successful bidders will have their equity shares credited to their demat accounts promptly.
Grey Market Premium (GMP) Update
Laxmi Dental shares are already creating a buzz in the grey market. The current GMP stands at ₹127 per share, suggesting strong investor sentiment. Here’s what the numbers indicate:
Issue Price: ₹428 per share
GMP: ₹127 per share
Estimated Listing Price: ₹555 per share
Premium: 29%
This bullish trend signals optimism among unlisted market investors ahead of the official listing. Source: Mint
Use of IPO Proceeds
According to the Red Herring Prospectus (RHP), the proceeds from the fresh issue will be allocated to:
Debt Repayment: Reducing financial liabilities.
Capital Expenditure: Supporting operational growth.
General Corporate Expenses: Meeting miscellaneous costs.
Laxmi Dental, a fully integrated dental products company, offers a diverse portfolio ranging from tailor-made crowns and bridges to branded products such as aligner solutions and pediatric dental care items.
Steps to Prepare for the Listing Day
If you’ve been allotted shares, here’s what to keep in mind ahead of the listing on Monday, January 20, 2025:
Set Realistic Expectations: While the GMP indicates a premium, market dynamics can fluctuate.
Track Listing Details: Shares will be listed on BSE and NSE simultaneously.
Conclusion
The Laxmi Dental IPO’s massive oversubscription reflects robust investor confidence in the company’s growth prospects and market position. With allotment and listing dates fast approaching, all eyes are on how the shares will perform in the public market. Stay informed and check your allotment status to be prepared for the next steps.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
Get ready for an action-packed week in the IPO market! This week brings a mix of opportunities, with one mainboard IPO, Laxmi Dental, seeking ₹698.06 Cr , and four SME IPOs – Kabra Jewels Ltd, Rikhav Securities Ltd, Landmark Immigration Ltd, and EMA Partners Ltd – scheduled to hit the market.
This wave of IPOs offers investors a chance to explore a diverse range of sectors and get in on the ground floor of promising Indian businesses.
Before diving into the specifics, let’s break down these companies’ objectives, financial health, Grey Market Premium (GMP), and other key details. Here’s a closer look at what each of these IPOs has to offer!
Laxmi Dental Limited
Laxmi Dental’s IPO aims to raise ₹698.06 crores through a book-built issue. This includes a fresh issue of 0.32 crore shares worth ₹138.00 crores and an offer for sale of 1.31 crore shares aggregating to ₹560.06 crores.
The minimum application size is 33 shares, requiring a retail investment of ₹14,124. For small NII (sNII), the minimum is 15 lots (495 shares), amounting to ₹2,11,860, and for big NII (bNII), it is 71 lots (2,343 shares), requiring ₹10,02,804. The allotment is set for January 16, 2025, with listing on BSE and NSE scheduled for January 20, 2025.
GMP (Grey Market Premium)
The latest GMP for Laxmi Dental IPO is ₹161 (as of January 13, 2025). With a price band of ₹428, the estimated listing price is ₹589, reflecting a potential gain of 37.38% per share.
Objectives of the IPO
Repayment/prepayment of certain outstanding borrowings by the company.
Investment in subsidiaries for repayment/prepayment of borrowings.
Capital expenditure for new machinery acquisition.
Investment in Bizdent Devices Private Limited for machinery purchase.
General corporate purposes.
Company Overview
Incorporated in 2004, Laxmi Dental Limited is an integrated dental products company. It’s product offerings include custom crowns, bridges, clear aligners, thermoforming sheets, and pediatric dental products. Operating under the brand Taglus, the company’s thermoforming sheets and 3D printing resins are industry benchmarks.
Laxmi Dental has six manufacturing facilities and five supporting locations in major cities. With a network spanning over 22,000 clinics across 320 cities in India and exports to more than 90 countries, the company holds a significant presence in domestic and global markets.
Financials
In FY24, Laxmi Dental’s assets grew by 40%, from ₹96.54 crores to ₹134.52 crores. Revenue increased from ₹163.84 crores to ₹195.26 crores. The company’s net worth and profit after tax (PAT) showed strong growth during this period. However, borrowings also increased, indicating rising liabilities.
An integrated business model ensures efficiency and control over production and distribution.
A strong network of over 22,000 clinics and dentists.
Significant presence in international markets, exporting to 90+ countries.
Rising borrowings could affect financial stability.
Dependence on a limited number of manufacturing facilities.
OPPORTUNITIES
THREATS
Growing demand for dental products globally.
Potential for innovation in clear aligner technology.
Expansion into emerging markets.
Intense competition in the dental industry.
Regulatory changes in domestic and international markets.
Currency fluctuations may impact export revenue.
SME IPOs launching this week
Kabra Jewels Limited
Kabra Jewels IPO aims to raise ₹40.00 crores through a book-built issue of 31.25 lakh fresh shares. The minimum application size is 1,000 shares, requiring a retail investment of ₹1,28,000.
For High Net-worth Individuals (HNIs), the minimum investment is 2 lots (2,000 shares) amounting to ₹2,56,000. The allotment will be finalized on January 20, 2025, and the shares are expected to list on the NSE SME platform on January 22, 2025.
GMP (Grey Market Premium)
The last reported GMP for Kabra Jewels IPO is ₹0 (January 13, 2025), suggesting no premium or discount over the price band of ₹128. The estimated listing price is ₹128, with no anticipated gain or loss percentage per share at this stage.
Objectives of the IPO
Repayment or partial repayment of certain borrowings availed by the company.
To meet working capital requirements.
General corporate purposes.
Company Overview
Incorporated in 2010, Kabra Jewels Limited is a retail jewelry company offering a wide range of gold, diamond, and silver ornaments. The company’s product portfolio spans wedding jewelry—its highest-selling category—and daily-wear ornaments. Kabra Jewels operates six showrooms in Ahmedabad under various brands, including KK Jewels Bridal, KK Jewels Diamond, and KK Jewels Gold. It also has three offices and one exhibition center, reinforcing its presence in the local market.
Financials
Kabra Jewels has shown consistent financial growth. Revenue as of November 2024 was ₹12,548.47 crore, up from ₹11,212.54 crore in FY22. Profit After Tax (PAT) for the latest period stood at ₹880.89 crore, almost double the ₹440.58 crore reported in FY23. The steady increase in revenue and PAT highlights the company’s growing market position and operational efficiency. Source: SEBI
SWOT Analysis of Kabra Jewels Limited
STRENGTHS
WEAKNESSES
Diverse product portfolio catering to various customer needs.
Strong presence in Ahmedabad with multiple specialized showrooms.
Consistent revenue and profitability growth.
Limited geographical footprint confined to Ahmedabad.
Dependence on the wedding segment as a primary revenue driver.
OPPORTUNITIES
THREATS
Expansion into new cities or regions to broaden market presence.
Growing demand for affordable and daily-wear jewelry.
Potential to leverage e-commerce for wider reach.
Established and unorganized jewelry retailers pose stiff competition.
Fluctuations in gold and diamond prices impacting margins.
Economic slowdowns or changes in consumer spending patterns.
Rikhav Securities Limited
Rikhav Securities IPO aims to raise ₹88.82 crores through a book-built issue comprising a fresh issue of 83.28 lakh shares aggregating ₹71.62 crores and an offer for sale of 20.00 lakh shares aggregating ₹17.20 crores.
The minimum lot size for this IPO is 1,600 shares, requiring a retail investment of ₹1,37,600. For High Net-worth Individuals (HNIs), the minimum investment is 2 lots (3,200 shares) amounting to ₹2,75,200. The allotment is scheduled to be finalized on January 20, 2025, with a tentative listing date on the BSE SME platform set for January 22, 2025.
GMP (Grey Market Premium)
The last reported GMP for Rikhav Securities IPO is ₹0 (as of January 13, 2025). With the price band set at ₹86, the estimated listing price is ₹86, indicating no expected gain or loss per share based on current market trends.
Objectives of the IPO
Funding the incremental working capital requirements.
Financing capital expenditures for IT software, computers, and laptops.
General corporate purposes.
Company Overview
Incorporated in 1995, Rikhav Securities Limited provides various financial services, including brokerage, investing, and banking solutions. Registered with SEBI as a stockbroker, the company is a BSE, NSE, and MCX member. Rikhav Securities offers equity broking, intra-day trading, futures, options, and services in derivative and commodity segments. The company acts as a Self-Clearing Member for trade settlements and provides IPO participation and demat account services. It also offers mutual fund advisory services catering to diverse client investment needs.
Financials
Rikhav Securities has demonstrated robust financial performance. As of September 30, 2024, the company’s total assets stood at ₹33,791.49 crore, a significant rise from ₹18,070.69 crore in FY22. Revenue reached ₹9,615.83 crore, up from ₹4,298.31 crore in FY22, while Profit After Tax (PAT) grew to ₹5,037.32 crore, nearly tripling from ₹1,762.47 crore during the same period, reflecting strong profitability and operational growth. Source: Rikhav
SWOT Analysis of Rikhav Securities Limited
STRENGTHS
WEAKNESSES
Established presence in the financial services sector with SEBI registration.
Diversified service offerings, including brokerage, IPO participation, and mutual fund advisory.
Strong financial growth in recent years.
Heavy reliance on market conditions for revenue generation.Limited brand visibility compared to larger players in the financial sector..
OPPORTUNITIES
THREATS
Expanding into underserved geographical areas.
Increasing demand for investment services among retail investors.
Leveraging technology to streamline operations and enhance customer experience.
Strong competition from both established and emerging financial service providers.
Regulatory shifts influencing operations and profitability.
Market fluctuations affecting revenue generation and client acquisition.
Landmark Immigration Consultants Limited
Landmark Immigration Consultants Limited is launching an IPO with a total size of ₹40.32 crores, comprising 56.00 lakh shares. The issue is entirely a fresh issue with no offer for sale. The minimum lot size for retail investors is 1,600 shares, which translates to an investment of ₹1,15,200.
High Net-worth Individuals (HNIs) will need to apply for at least 2 lots, or 3,200 shares, amounting to ₹2,30,400. The IPO’s allotment process will be finalized on January 21, 2025, and it will be listed on the BSE SME on January 23, 2025.
Objectives of the IPO
The company plans to use the net proceeds from the IPO for the following purposes:
Capital expenditure for establishing new branches.
Advertisement expenses to increase brand awareness and visibility.
Acquisitions to drive inorganic growth.
General corporate purposes.
Company Overview
Founded in 2010, Landmark Immigration Consultants Limited specializes in Global Consultancy Services, particularly in global education and immigration consultancy. The company offers services for students seeking to study abroad and provides immigration consultancy for visas, tourism, business, and permanent residency, particularly in Canada.
Landmark operates through 9 fully equipped branches and partners with over 30 Canadian institutions. In addition, the company has entered into franchise agreements at locations in Jammu, Jind, and Karnal.
Financials
Landmark Immigration has shown strong financial growth over the past few years. As of March 31, 2024, the company reported assets of ₹4,431.51 lakhs, a rise from ₹3,625.3 lakhs in 2023 and ₹3,611.51 lakhs in 2022. Revenue surged to ₹3,707.03 lakhs in 2024, up from ₹2,162.62 lakhs in 2023 and ₹1,931.54 lakhs in 2022. Profit After Tax (PAT) also showed a significant increase, reaching ₹1,111.83 lakhs in 2024, compared to ₹443.48 lakhs in 2023 and ₹393.53 lakhs in 2022, reflecting strong financial growth. Source: BSE
SWOT Analysis of Landmark Immigration Consultants Limited
STRENGTHS
WEAKNESSES
Well-established brand in global education and immigration consultancy.
A wide network with 9 branches and 30+ Canadian institution partnerships.
Strong financial performance with consistent growth in revenue and profit.
Dependence on the Canadian immigration market could limit diversification.
High reliance on physical branches, which may restrict scalability.
OPPORTUNITIES
THREATS
Expansion into new markets with the opening of new branches.
Growth potential from inorganic initiatives through acquisitions.
Increasing demand for education and immigration services globally.
High competition from local and global consultancy firms.
Potential regulatory changes that may influence operations and profitability.
The market volatility could affect client acquisition and revenue generation.
EMA Partners Limited
EMA Partners India Limited is launching an IPO with a total issue size of ₹76.01 crores. The issue consists of a fresh issue of 53.34 lakh shares, amounting to ₹66.14 crores, and an offer for sale of 7.96 lakh shares, aggregating ₹9.87 crores.
Retail investors must invest a minimum of ₹1,24,000 for a lot size of 1,000 shares. The minimum investment for high-net-worth individuals (HNIs) is ₹2,48,000 for 2 lots or 2,000 shares. The IPO allotment will be finalized on January 22, 2025, and the shares are expected to list on the NSE SME on January 24, 2025.
Objectives of the IPO
The company intends to use the funds raised from the IPO for the following purposes:
Strengthening the leadership team for both the company and its subsidiaries.
Upgrading the existing IT infrastructure for both the company and its subsidiaries.
Repaying or pre-paying borrowings taken for the purchase of office premises.
General corporate purposes and potential inorganic acquisitions.
Company Overview
EMA Partners India Limited, established in 2003, is an executive search firm specializing in leadership hiring solutions. The company provides global recruitment services, focusing on C-suite and board-level hiring across various industries. EMA Partners India is headquartered in Mumbai, with a growing international presence in Singapore, Dubai, and James Douglas (Dubai). The company offers two key services: Executive Search and Leadership Advisory. Additionally, MyRCloud, an AI-driven platform, enhances hiring efficiency for entry and middle management positions.
Financials
The company’s financial performance demonstrates fluctuations over the past few periods. For the period ending July 31, 2024, revenue stood at ₹2,632.9 lakh, a decline from ₹6,883.45 lakh in March 2024 but higher than ₹5,106.16 lakh in March 2023 and ₹5,786.52 lakh in March 2022. Profit After Tax (PAT) for July 2024 was ₹437.22 lahks, significantly lower than ₹1,427.3 lahks in March 2024 but up from ₹307.07 lahks in March 2023 and ₹1,127.06 lahks in March 2022. Source: Indorient
SWOT Analysis of EMA Partners India Limited
STRENGTHS
WEAKNESSES
Strong brand reputation in executive search and leadership advisory.
Expanding global presence with offices in key international markets.
Advanced AI platform, MyRCloud, streamlining recruitment processes.
Dependence on a few key markets for global revenue.Limited diversification in service offerings beyond executive search and leadership advisory.
OPPORTUNITIES
THREATS
Potential for expansion into untapped international markets.
Growth prospects in mid-to-senior level recruitment through the James Douglas brand.
Further enhancement of AI-powered recruitment tools to improve efficiency.
Fierce competition from other global executive search firms.
Economic challenges that could reduce demand for recruitment services.
Regulatory changes that could influence the recruitment industry.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
The Standard Glass Lining IPO has caught investors’ attention with an oversubscription of 183.18 times. This means there was a huge demand for the shares, way more than what was available. Today, the basis of allotment will be finalized, which is crucial in determining which applicants will receive shares and in what quantity.
If you’ve applied for the IPO, you’re probably wondering whether you got an allotment. Don’t worry—it’s easy to check! We’ll walk you through how to check your allotment status and provide you with all the details about the IPO so you know exactly what’s happening.
Overview of Standard Glass Lining IPO
Standard Glass Lining Technology IPO was open for bidding from January 6 to January 8, 2025. The shares were priced in a range of ₹133-₹140 per share, with a minimum lot size of 107 shares. The company raised ₹410.05 crore through this public offering, which included ₹210 crore from a fresh issue and ₹200.05 crore through an offer-for-sale (OFS).
By the end of the subscription period, the IPO had received bids for 3,81,56,56,808 shares against an offer of 2,08,29,567 shares, leading to an oversubscription of 183.18 times.
Subscription Details
The IPO witnessed overwhelming demand across all investor categories:
The highest demand came from Qualified Institutional Buyers (QIBs), followed by Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs).
Day-Wise Subscription Details
Here’s a breakdown of how the subscription grew during the three days of bidding:
The sharp increase in demand on Day 3 highlights the interest from institutional and non-institutional investors, driving the oversubscription.
Grey Market Premium (GMP)
Standard Glass Lining’s shares are trading at a grey market premium of ₹91 over the upper price band of ₹140, indicating a potential listing price of ₹231. This suggests a return of 65%, though it’s essential to remember that grey market trends are speculative and unregulated.
Listing Date
The shares are scheduled to list on the BSE and NSE on January 13, 2025. While GMP trends are optimistic, actual listing performance will depend on broader market sentiment.
Checking the Allotment Status
If you participated in this IPO, here’s how you can check your allotment status:
Select “Standard Glass Lining Technology Limited” from the dropdown menu (available if the allotment is finalized).
Choose one of the three identification modes: Application number, Demat Account number, or PAN ID.
Select your application type (ASBA or non-ASBA).
Enter the relevant details and solve the captcha.
Click submit to check your allotment.
About Standard Glass Lining Technology
Established in 2012, Standard Glass Lining Technology Limited is a premier manufacturer of specialized engineering equipment for India’s pharmaceutical and chemical industries. The company delivers turnkey solutions with in-house production capabilities, including design, manufacturing, assembly, and operational support.
Product Portfolio:
The company’s offerings cater to diverse industrial needs:
Reaction Systems for controlled chemical processes.
Storage, Separation, and Drying Systems for material handling and purification.
Plant Engineering and Services for complete operational efficiency.
The company uses glass-lined steel, stainless steel, and nickel alloys to ensure its products meet the highest quality and performance standards.
Clientele
Standard Glass Lining serves an impressive client base, including Aurobindo Pharma, Natco Pharma, Laurus Labs, Deccan Fine Chemicals, and CCL Food and Beverages.
Infrastructure
With eight advanced manufacturing units in Hyderabad and sales offices in Vadodara, Mumbai, Ankleshwar, and Visakhapatnam, the company ensures nationwide reach. It also has sales representatives across key cities like Chennai, New Delhi, and Bengaluru.
Financials of Standard Glass Lining Technology
Between the financial years ending March 31, 2023, and March 31, 2024, Standard Glass Lining Technology Limited demonstrated solid financial performance, with a notable 10% increase in revenue. During the same period, the company’s profit after tax (PAT) also significantly improved, rising by 12%. These figures highlight the company’s ability to sustain growth and profitability in a competitive market environment.
With a record-breaking oversubscription, the Standard Glass Lining IPO has been a significant event in the market. Investors are now eagerly awaiting the allotment results and subsequent listing performance. Following the above steps, you can quickly check if you’ve secured an allotment.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
The primary market has been a busy street in 2024, with nearly 300 IPOs raising around Rs.1.8 lakh crore collectively. The trend continues in 2025, with projections for the primary market reaching a value of Rs.2 lakh crore. The estimates this year is kickstarting with the 7 upcoming IPOs in January, of which 6 are opening this week. Let’s take a detailed look at each of these IPOs.
Standard Glass Lining Technology IPO:
Standard Glass Lining Technology Ltd. is one of the top five manufacturers of engineering equipment for chemical and pharmaceutical companies in India. It offers complete solutions, from design and manufacturing to assembly, installation, and commissioning. The company, however, gets 81.79% of its revenue from the pharmaceutical sector clients.
The company is raising the IPO for the following purposes-
Funding capital expenditure for machinery and equipment purchases.
Repaying part or all of its outstanding borrowings, including those of its wholly owned subsidiary, S2 Engineering Industry Private Limited.
Investing in S2 Engineering for its capital expenditure needs, including machinery and equipment.
Supporting inorganic growth through strategic investments or acquisitions.
Standard Glass Lining has already raised Rs.123 crore on 3rd January 2025 from the anchor investors and will tentatively be listed on 13th January 2025. The IPO includes a fresh issue of Rs.1.5 crore shares (Rs.210 crore) and an offer for sale of 1.43 crore shares (Rs.200.05 crore).
Grey Market Premium of Standard Glass Lining Technology IPO
The ‘grey market premium’ shows how much investors are willing to pay above the issue price. For the Standard Glass Lining IPO, the GMP today is +97, meaning the shares are trading at an Rs.97 premium in the grey market. Based on the upper end of the IPO price band and the current grey market premium, the expected listing price for Standard Glass Lining shares is Rs.237 each, which is 69.29% higher than the IPO price of Rs.140.
Quadrant Future Tek IPO:
Quadrant is a research-driven company focused on creating advanced Train Control and Signalling Systems for Indian Railways, ensuring top safety and reliability for passengers. They also have a Specialty cable manufacturing facility with an Electron Beam Irradiation Centre. As part of the KAVACH initiative, the company is working on a train collision avoidance system and an electronic interlocking system aimed at boosting safety and capacity on the railways. The company plans to raise funds through IPO for:
Meeting long-term working capital needs
Developing the Electronic Interlocking System
Repaying or reducing its outstanding working capital term loan
General corporate purposes
IPO Details:
Offer Price
Rs.275-290 per share
Face Value
Rs.10 per share
Opening Date
7th Jan 2025
Closing Date
9th Jan 2025
Total Issue Size (in Shares)
1,00,00,000 shares
Total Issue Size (in Rs.)
Rs.290 crore
Issue Type
Book Built Issue IPO
Lot Size
50 shares
To be listed on
NSE and BSE
Quadrant Future Tek IPO is entirely a fresh issue of 1 crore shares. It will tentatively be listed on 14th January 2025. The minimum investment for retail investors is Rs.14,500. For sNII (Small Non-Institutional Investor), the minimum lot size is 14 lots, which is 700 shares, and costs Rs.2,03,000. For bNII (Big Non-Institutional Investor), the minimum lot size is 69 lots or 3,450 shares, and the investment comes to Rs.10,00,500.
Grey Market Premium of Standard Glass Lining Technology IPO
Quadrant Future Tek shares were trading at a premium of Rs.180 in the unlisted market earlier on 6th January 2025. With the IPO price band set at Rs.290, the expected listing price is Rs.470. This could give investors an estimated listing gain of around 62.07%.
Capital Infra Trust Invit IPO:
Capital Infra Trust, established in September 2023, is an infrastructure investment trust (InvIT) sponsored by Gawar Construction Limited. The InvIT is set up to make investments and carry out activities as permitted under SEBI InvIT Regulations. Gawar Construction specializes in building road and highway projects across 19 states in India for government bodies like NHAI, MoRTH, MMRDA, and CPWD.
As of December 2024, the company’s portfolio includes 26 road projects under hybrid annuity mode (HAM) with NHAI. This includes 11 completed projects, 5 acquired from Sadbhav Infrastructure Project Limited, and 15 ongoing projects. The company is raising funds through an IPO, which will be used to:
Provide loans to Project SPVs to repay or prepay external borrowings, including interest and penalties.
Provide loans to Project SPVs to repay unsecured loans from the Sponsor.
The IPO will be a combination of a fresh issue of 10.77 crore shares (Rs.1077 crore) and an offer for the sale of 5.01 crore shares (Rs.501 crore). The shares will tentatively be listed on 14th January 2025 under the management of HDFC Bank Limited and SBI Capital Market Limited. To invest, retail investors need a minimum of Rs.15,000. For sNII, the minimum lot size is 14 lots (2,100 shares), totaling Rs.2,10,000, and for bNII, it is 67 lots (10,050 shares), which comes to Rs.10,05,000.
Grey Market Premium of Capital Infra Trust Invit IPO:
The company’s shares are currently trading at no premium in the grey market, meaning there’s no price advantage over the IPO listing price. Since trading started on 1st January 2025, the GMP has stayed the same.
Indobell Insulation IPO:
Indobell Insulation Limited, founded in May 1972, manufactures insulation products like nodulated and granulated wool (mineral and ceramic fiber nodules) and prefabricated thermal insulation jackets. The company also offers services, including consultancy, engineering, fabrication, material supply, installation, supervision, and project management. It serves industries like power plants, railways, aeronautics, and navigation. The product range includes Ceramic Fiber Nodules and Mineral Fiber Nodules. The funds raised will be used for:
Purchasing additional plant and machinery to boost capital expenditure
The IPO is entirely a fresh issue and is tentatively set to be listed by 13th January. The minimum investment amount for a retail investor is Rs.138000, and for the HNI is Rs.276000 (2 lots).
Grey Market Premium Indobell Insulation IPO
Indobell Insulations IPO GMP (grey market premium) was Rs.0 per share earlier on 6th January, as per InvestorGain. This points to a possible flat listing for Indobell Insulations IPO.
B. R. Goyal IPO:
B.R.Goyal Infrastructure Limited, founded in 2005, focuses on infrastructure projects like roads, highways, bridges, and buildings. The company has built a strong integrated EPC and construction business backed by a design and engineering team along with an RMC unit in Indore that has a capacity of 1.80 Lakh cubic meters per year. The company plans to use the net proceeds from the IPO for:
Capital expenditure requirements
Working capital needs
Inorganic growth through acquisitions and other strategic initiatives
The IPO is a fresh issue of 63.12 lakh shares, which will tentatively be listed on 14th January 2025. The minimum investment required for retail investors is Rs.135000, and for the HNI, it is Rs.270000 (2 lots).
Grey Market Premium of B. R. Goyal IPO:
GMP, or grey market premium, gives an idea of how the IPO might perform on its debut. It reflects demand in the unofficial market before the shares are listed. The B.R. Goyal IPO GMP is Rs.21 as of 4th January 2025. With an issue price of Rs.135, the estimated listing price could be around Rs.156.
Delta Autocorp IPO:
Delta Autocorp Limited, founded in 2016, manufactures and sells electric two-wheelers (2W) and three-wheelers (3W) under the “Deltic” brand. It focuses on creating affordable, durable EVs for tier-2 and tier-3 towns. The company is shifting to Lithium Ferro Phosphate (LFP) batteries to improve cost efficiency and safety.
With a network of 300+ dealers across 25 states and Union Territories, Delta Autocorp emphasizes B2B transactions. The company is raising funds through IPO for the following purposes:
A new electric three-wheeler fabrication and painting plant
The IPO includes a fresh issue of Rs.50.54 crore, that is, 38.88 lakh shares, and an offer for sale of Rs.4.06 crore (3.12 lakh shares). The minimum investment required for the retail investors in this IPO is Rs.130000, and for the HNI, it is Rs.260000.
Grey Market Premium of Delta Autocorp IPO:
The GMP for Delta Autocorp IPO as of 1st January was Rs.21, which increased to Rs.47 on 3rd January 2025. This suggests a possible listing price of Rs.177 per share against an approximate premium of 36.2%. However, as of 6th January 2025, the GMP increased to Rs.70, further pushing the listing price to a higher estimate.
Avax Apparels And Ornaments IPO
Avax Apparels and Ornaments Ltd, established in 2005, operates in two sectors: wholesale fabric trading and online silver jewelry retail. It sells knitted fabrics and offers a variety of silver ornaments like rings, bangles, payals, kadas, and more through its online platform, delivering across major cities in India. The company plans to raise funds through IPO and utilize the issue proceeds for:
The IPO is a fresh issue of 2.74 lakh shares and will be listed on the BSE SME platform on 14th January 2025. For retail investors, the minimum investment is 1 lot, that is, Rs.140000, and for the HNIs, the requirement is Rs.280000. SKI Capital Services Limited is entirely managing the IPO.
Grey Market Premium of Avax Apparels And Ornaments IPO
As of 6th January 2025, the GMP for the Avax Apparels And Ornaments IPO is Rs.21, consistent since 4th January. As per the GMP, the assessment coincides with an estimated listing price of Rs.70.
Bottomline:
January has just started with the mentioned 7 listings. The following week, many new listings are expected, including the Indo Farm Equipment IPO, whose shares were subscribed 229.68 times, along with five other listings on the SME platform. So, if you are planning to invest in any of the IPOs, carefully go through the market factors and the company fundamentals before shortlisting the stocks for your portfolio.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
The Indian IPO market stood out as one of the highest-performing markets globally in 2024. The IPO boom raised Rs.1.67 lakh crore ($19.5 billion) through 268 mainboards and 178 SME IPOs. This IPO boom will likely continue in 2025 when companies have already lined up for their market debut in January.
This blog will briefly examine the upcoming IPOs in India in 2025 and understand what the IPO market may look like ahead.
IPO Industry in 2024:
2024 was a standout year for IPOs, especially for SMEs. The BSE small-cap index jumped 30% in the past year and 27% year-to-date, while the mid-cap index grew 28% and 24% over the same periods. This growth was driven by strong market conditions, regulatory reforms, and a thriving economy.
Hyundai Motor India’s Rs.27,870 crore IPO was the highlight of the year, marking the largest IPO in Indian history. Swiggy followed with a Rs.11,327 crore issue, and NTPC Green Energy’s Rs.10,000 crore offering became the biggest fresh equity issue ever. Looking ahead, 2025 promises to keep the momentum going. With an IPO pipeline projected to exceed Rs.2.5 lakh crore, excitement is building yet again in the primary market.
Upcoming IPO 2025:
Upcoming IPOs are initial public offerings of companies that have filed the DRHP (Draft Red Herring Prospectus) with SEBI and are expected to launch in 2025. Staying updated on current new IPOs and tracking developments of such upcoming IPOs will help you understand market sentiment and sector performance.
Avax Apparels And Ornaments Limited, founded in June 2005, operates in two key areas: wholesale trading and online retail of silver ornaments. The company wholesales knitted fabric and sells silver jewelry, including rings, anklets, kada, plate sets, glass, bangles, bowls, chains, and more. It caters to major cities across India.
As of the quarter ending September 2024, it recorded a revenue of Rs.15 crore and a net worth of Rs.4.05 crore. With a PAT margin of 6.26% and ROCE of 61.68% for FY2024, Avax is performing well.
The company is set for an IPO launch on 7th January 2025. The net proceeds of the IPO will be used to meet the company’s working capital needs and for general corporate purposes. It plans to list its fresh issue of 2.74 lakh shares on the BSE SME by 14th January 2025.
Capital Infra Trust, established in September 2023, is an infrastructure investment trust (InvIT) sponsored by Gawar Construction Limited. This InvIT focuses on infrastructure investments as per the SEBI InvIT Regulations. Gawar Construction specializes in road and highway projects across 19 states in India, working with government bodies like NHAI, MoRTH, MMRDA, and CPWD.
The company is planning an IPO that will be open for subscription from 7th January 2025 to 9th January 2025. The funds raised will be used for:
Providing loans to Project SPVs for repayment or pre-payment of external borrowings, including any interest and prepayment penalties.
Offering loans to Project SPVs to repay unsecured loans from the Sponsor.
The company aims to list on the BSE and NSE by 14th January 2025. The InvIT IPO will include a fresh issue of 10.77 crore shares, totalling Rs.1,077.00 crores, and an offer for sale of 5.01 crore shares, totalling Rs.501.00 crores.
B.R.Goyal Infrastructure Limited, established in 2005, focuses on building infrastructure projects like roads, highways, bridges, and buildings. The company has built a strong EPC and construction business, supported by a design and engineering team and an RMC unit in Indore, with a capacity of 1.80 lakh cubic meters per year. In 2005, it also ventured into wind energy with a 1.25 MW wind turbine in Jaisalmer, Rajasthan.
As of July 2024, the company reported a revenue of Rs.156.86 crore, a PAT of Rs.1.94 crore, and a net worth of Rs.128.63 crore. B.R.Goyal Infrastructure plans to raise funds through an IPO, opening for subscription on 7th January 2025. The funds will be used for:
Capital expenditure
Working capital requirements
Inorganic growth through strategic initiatives and acquisitions
General corporate purposes
The 63.12 lakh fresh issue of shares will be listed on the BSE SME on 14th January 2025.
Quadrant Future Tek Limited IPO:
Offer Price
Rs.275-290 per share
Face Value
Rs.10 per share
Opening Date
7th Jan 2025
Closing Date
9th Jan 2025
Total Issue Size (in Shares)
1,00,00,000 shares
Total Issue Size (in Rs.)
Rs.290 crore
Issue Type
Book Built Issue IPO
Lot Size
50 shares
To be listed on
NSE and BSE
Quadrant Future Tek Limited supplies cables to the defense sector and railroad rolling equipment. Its plant can also produce solar and electric vehicle cables. Founded in September 2015, the company is developing next-generation Train Control and Signaling Systems for Indian Railways’ KAVACH project to improve passenger safety and reliability.
For the quarter ending September 2024, Quadrant earned a revenue of Rs.65.14 crore but faced a loss of Rs.12.11 crore. Despite this, its net worth remains stable at Rs.34.18 crore. The company is raising Rs.290 crore through a book-built IPO, which will be used for:
Long-term working capital requirements
Capital expenditure for developing the Electronic Interlocking System
Repayment of outstanding working capital loans
General corporate purposes
The IPO, which offers a fresh issue of 1 crore shares, is scheduled to be listed on the NSE and BSE on 14th January 2025.
Delta Autocorp Limited manufactures and sells two- and three-wheeler electric vehicles using top-notch components from trusted OEMs. The company designs these vehicles using specific engineering and manufacturing processes. It also supplies vehicle-compatible components. For the period ending October 2024, Delta Autocorp achieved total revenues of Rs 45.17 crore and a net profit of Rs 4.80 crore. Its net worth stands at Rs 22.70 crore.
Now, the company is raising Rs 54.60 crore through a book-built IPO. The proceeds will be used to set up an electric three-wheeler fabrication plant, invest in new product development, cover working capital needs, and serve general corporate purposes.
The Delta Autocorp IPO consists of a fresh issue of 38.88 lakh shares (Rs 50.54 crore) and an offer for sale of 3.12 lakh shares (Rs 4.06 crore). The shares will be listed on the NSE SME platform on 14th January 2025
Apart from the mentioned companies, other IPOs yet to be scheduled include
Navi Technologies IPO
Survival Technologies IPO
Reliance Jio IPO
PharEasy IPO
Snapdeal IPO
Bottomline:
Investing in an IPO can offer a range of benefits, such as the potential for significant returns and the opportunity to participate in a company’s growth journey. However, it’s essential to approach IPO investments with caution. Thorough research is crucial, and understanding the company’s fundamentals, market position, and growth potential is key.
Additionally, seeking advice from a registered share market advisor can help make more informed decisions and minimize risks. By taking the time to analyze and assess the offering carefully, investors can ensure a smarter and more rewarding IPO investment experience.
FAQs on Upcoming IPOs in Jan 2025
What happens when an IPO is oversubscribed?
If the number of shares demanded exceeds the number of shares offered to the public in the IPO, the company may choose to distribute the available shares on a pro-rata basis.
Who are anchor investors?
Anchor investors are key institutional or high-net-worth individuals who invest in an IPO before it opens to the public, helping to build confidence and attract other investors.
How much does an HNI invest?
An HNI (High Net-Worth Individual) invests between Rs.2 lakh and Rs.5 lakh in an IPO. Non-institutional investors (NIIs) invest over Rs.2 lakh but are not required to be SEBI-registered, unlike Qualified Institutional Investors (QIIs).
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
Another stirring IPO is set to enter the market, and the investors were looking forward to the news that they have secured the shares in the Rs.260.15 crore Indo Farm IPO. The company declared the final allotment status for the IPO on 3rd January 2025 after it witnessed a subscription of 229.68 times. What led to such a whopping response? And how do you check your allotment status for the Indo Farm IPO? Let’s understand in detail.
Indo Farm Equipment IPO Details:
Indo Farm Equipment Limited, established in 1994, specializes in manufacturing tractors, pick-and-carry cranes, and harvesting equipment. It operates under the brand names “Indo Farm” and “Indo Power.” Based in Baddi, Himachal Pradesh, this ISO-certified company started its manufacturing journey in 2000 and expanded its portfolio over time to become a leader in producing high-quality agricultural tractors, cranes, and implements.
The IPO of tractor manufacturer Indo Farm Equipment Ltd saw massive demand, with subscriptions soaring nearly 230 times by the end of day 3. Additionally, the subscription volume in all the three segments was overwhelming-
Indo Farm Equipment’s IPO was a book-built issue worth Rs.260.15 crore, and it is planned to be listed on both the BSE and NSE, with the listing date tentatively fixed as 7th January 2025. The bidding period for the IPO ran from 31st December 2024 to 2nd January 2025, and the price band was set at Rs.204-Rs.215 per share. The minimum lot size for investment was as follows-
At the upper limit, the company raised Rs.260.15 crore through the book-built issue. This included a fresh issue of 86 lakh equity shares worth Rs.184.90 crore and an offer-for-sale of 35 lakh shares amounting to Rs.75.25 crore. The funds are being raised for the following purposes-
Expanding the company’s pick-and-carry crane manufacturing capacity by setting up a dedicated unit.
Repaying or prepaying certain borrowings, either fully or partially.
Investing in its NBFC subsidiary, Barota Finance Ltd., to strengthen its capital base and meet future needs.
Covering general corporate expenses.
Indo Farm Equipment IPO GMP:
Indo Farm Equipment’s IPO showed solid performance in the grey market. As of today, 3rd December 2024, the grey market premium (GMP) for its shares is Rs.97. This means the shares are trading Rs.97 above their issue price in the unofficial market. Based on this GMP, the expected listing price for Indo Farm Equipment shares could be around Rs.312. That’s a 45% premium over the issue price of Rs.215.
Company’s Revenue Trend:
In Fiscal 2024, the company generated most of its revenue from tractor sales (52.16%) and Pick & Carry cranes (47.77%). Over the last three years, revenue from manufactured goods has steadily grown, increasing from Rs.330.87 crore in FY2022 to Rs.346.62 crore in FY2023 and further to Rs.352.46 crore in FY2024.
As of the June 2024 quarter, the company’s total revenue for the ongoing fiscal year is Rs.69.54 crore. Tractor and Pick & Carry crane sales remain key contributors to its revenue. Additionally, the total revenue of the company for FY2024 was Rs.375.23 crore.
The company’s net profit for FY2024 was Rs.15.4 crore, and the figure for the quarter ending June 2024 was Rs.2.45 crore. Since the past five years, the net profit of the company has been following an upward trend; however, the growth rate has reduced over time.
If you secure an allotment for the Indo Farm Equipment IPO, here’s what you can expect:
Listing Gains:
With a grey market premium (GMP) of Rs.97, your shares could list at Rs.312, giving you a potential 45% gain over the issue price of Rs.215. The listing is tentatively set for 7th January 2025.
Growth Potential:
The funds raised from this IPO are earmarked for exciting expansion plans. This includes increasing the company’s pick-and-carry crane manufacturing capacity, reducing debt, and strengthening its subsidiary, Barota Finance Ltd. These efforts could position the company for strong future growth.
Steady Revenue Increase:
Indo Farm Equipment has shown consistent growth in revenue, largely driven by tractor and crane sales. In FY2024, the company reported Rs.352.46 crore in revenue. This solid performance indicates that the business is currently on a stable growth path.
How To Check The Allotment Status of Indo Farm IPO?
To check the allotment status on the BSE, you can follow the mentioned steps-
1 Open the Application Status page on the BSE website.
2 Select ‘Equity’ from the options.
3 Choose Indo Farm Equipment Limited from the dropdown menu.
4 Enter your IPO application number or PAN details.
5 Tick the ‘I am not a Robot’ box.
6 Click on the Submit button to view your allotment status.
Bottomline:
The Indo Farm Equipment IPO has generated significant interest, with a subscription rate of 229.68 times. The company is raising funds for expansion and debt reduction, which could drive future growth. With a solid revenue track record and a potential listing gain of 45%, this IPO has attracted considerable attention. Investors interested in the allotment status can easily check it through the BSE website by entering their application number or PAN details. As the IPO progresses, all eyes will be on its listing performance on 7th January 2025.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
FAQ
When will the company get listed?
Indo Farm Equipment Limited will tentatively get listed on the BSE on 7th January 2024.
What is the grey market?
The grey market refers to the unofficial trading of stocks or securities before they are listed on the exchange. It allows investors to buy or sell shares based on demand and supply, often at a premium or discount to the issue price.
What is Indi Farm Equipments Limited’s net worth?
As of the quarter ending June 2024, the net worth of the company stands at Rs.342.25 crore.
Mukesh Ambani, chairman of Reliance Industries, is reportedly finalizing plans for a massive ₹35,000-₹40,000 crore initial public offering (IPO) of Reliance Jio. Jio IPO is poised to become the biggest in India’s history, marking a significant milestone for the country’s telecom and tech sectors.
With a valuation of $120 billion, the Reliance Jio IPO is anticipated in the second half of 2025. The offering will consist of both new and existing shares, along with a pre-IPO placement for select investors. An official announcement is awaited.
India ranks as the world’s second-largest telecommunications market. As of May 2024, the country’s tele-density was 85.87%, with a total telephone subscriber base of 1,203.69 million.
In May 2024, Jio led the wireless subscriber market with 474.61 million users, followed by Bharti Airtel with 387.76 million, Vodafone Idea with 218.15 million, and BSNL with 86.32 million.
Wired broadband subscribers totaled 41.31 million as of May 2024, while for FY24, wired broadband subscriptions stood at 40.06 million, and wireless broadband users reached 884.01 million. By March 2024, Reliance Jio Infocom Ltd led the top five service providers with 469.73 million subscribers, followed by Bharti Airtel (265.50 million), Vodafone Idea (127.69 million), and BSNL (20.65 million).
Between April and December 2024, India’s total internet subscribers grew to 936.16 million, including 38.57 million wired and 897.59 million wireless users.
According to reports, Ambani and his advisors are in the advanced stages of preparing the Jio IPO, which is expected to hit the markets later this year. Discussions for the pre-IPO placement are already underway, but the final ratio of existing to new shares being offered has not yet been determined.
For investors, the Jio IPO represents an opportunity to own a piece of one of the most dynamic companies in India. With over 475 million subscribers, Jio is already a market leader. The Jio IPO could provide a pathway for retail and institutional investors to benefit from Jio’s continued expansion and technological innovation.
Jio IPO as a Potential Trigger for RIL Shares
An IPO could serve as a potential trigger for Reliance Industries Limited (RIL) shares, which ended 2024 with a loss, marking the first time in the last decade. The heavyweight stock has declined by around 6% over the past year.
Following the tariff hike in July 2024, the telecom industry has seen a loss in subscribers, although the pace of the decline has slowed, with September marking the peak. From July to October 2024, Reliance Jio lost about 16.5 million subscribers. Despite this, Jio continues to lead the market with a 40% subscriber market share.
The telecom sector is facing challenges as companies compete fiercely for market share, which could lead to a price war and lower Average Revenue Per User (ARPU). A ₹40,000 crore IPO would bring in a lot of capital for Reliance Industries, helping it grow further, expand digital services, and possibly enter new markets.
Jio Platform Achievements and Growth Highlights
Jio Platforms (JPL), the parent company for Jio and other digital businesses under Reliance, is now among the top 12 companies in India.
Strong Profit Growth
JPL reported an 11.7% year-on-year increase in net profit, reaching ₹5,698 crore (US$ 684.7 million) in Q1 of FY25, fueled by significant subscriber growth.
5G Leadership
Jio currently boasts over 130 million 5G users and owns more than 85% of India’s 5G radio cells.
Broadband and Digital TV Services
Jio serves broadband and digital TV to around 30 million homes across India.
Rapid Adoption of JioAirFiber
Since its October launch, JioAirFiber, powered by 5G, rapidly gained 1 million customers in the first six months and another 1 million in just 100 days.
Reliance Jio’s Journey: From Disruptor to Market Leader
Reliance Jio’s entry into the Indian telecom sector was nothing short of revolutionary. In 2016, the company launched an aggressive pricing model, offering free voice calls and dirt-cheap data. This move forced established players like Bharti Airtel, Vodafone, and Idea Cellular to rethink their strategies. Within a year, Jio had amassed over 100 million subscribers, and today, it serves more than 475 million users across the country.
Jio’s influence extends beyond telecom. The company has expanded into fiber broadband, digital services, and e-commerce, making it a significant player in India’s tech ecosystem. Its digital arm, Jio Platforms, attracted investments from global giants like Facebook and Google, underscoring its potential and global appeal.
What the Jio IPO Means for Reliance Industries
The Jio IPO is part of Mukesh Ambani’s broader strategy to unlock value from Reliance’s vast portfolio of businesses. By listing Jio separately, Reliance Industries can reduce debt, attract new investors, and provide liquidity to shareholders. This move aligns with Ambani’s vision of transforming Reliance into a digital powerhouse, with Jio at the center of its growth story.
In recent years, Reliance has been diversifying its business model with ventures in retail, renewable energy, and digital services. The proceeds from the Jio IPO could fund these ambitious projects, further cementing Reliance’s status as a conglomerate with diverse revenue streams.
Investor Interest and Market Sentiment in Jio IPO
The anticipation surrounding the Jio IPO has generated significant buzz in financial circles. Market analysts predict that the offering will attract strong demand from both domestic and international investors. Retail investors are particularly keen on the Jio IPO, seeing it as an opportunity to invest in a company.
Institutional investors, too, view Jio as a long-term growth prospect driven by India’s rapidly expanding digital economy and increasing smartphone penetration.
Timing and Market Conditions Affecting Jio IPO
The timing of the Jio IPO is crucial. India’s IPO market has been vibrant in recent years, with several high-profile listings. However, economic uncertainties and global market volatility could influence investor sentiment.
Despite potential challenges, analysts believe that Jio’s strong fundamentals and market leadership position will drive demand.
Potential Risks and Challenges for Jio IPO
The Indian telecom sector is highly competitive, with regulatory challenges and price wars posing potential threats. Additionally, Jio’s expansion into new areas like 5G and digital services requires substantial investment, which could impact profitability in the short term.
Investors will also closely scrutinize Jio’s debt levels and profitability metrics. While the company has demonstrated impressive growth, sustaining this momentum will be critical for long-term success.
A Landmark Moment for Indian Markets
The ₹40,000 crore Jio IPO is set to be a defining moment for India’s financial markets. It represents not only the growth of Reliance Jio but also the broader transformation of India’s digital economy. For investors, the Jio IPO offers a unique opportunity to participate in Jio’s growth journey and gain exposure to one of the most dynamic companies in the country.
As Mukesh Ambani finalizes the details, market watchers eagerly await the official announcement, ready to witness what could be India’s biggest IPO to date.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
In December 2024, the IPO batch of over 10 companies welcomed a new entrant in the primary market: Citichem India Limited. The SME IPO opened for subscription on 27 December 2024 on the BSE Limited (BSE SME) SME platform. The company aims to raise Rs.12.6 crore through this fresh equity sale at seven times its face value of Rs.10 per share.
Now, before investing in the IPO, you must carry out thorough research, right? Here are a few essentials to help highlight the important aspects of the IPO.
The Citichem India IPO is a fixed-price IPO launched as an entirely fresh issue of 18 lakh shares. Here, a fixed-price IPO is when the share price is set in advance and does not change based on demand or bids. The minimum required investment from a retail investor is set at Rs.1,40,000, and for the HNIs (High Networth Individuals), it is 2 lots worth Rs.2,80,000.
The Citichem IPO is 100% underwritten. Horizon Management Private Limited is the lead manager for the IPO, with Kfin Technologies Limited as the registrar and Aftertrade Broking Private Ltd as the market maker. A market maker ensures liquidity and stable trading by actively buying and selling shares of the stock. At the same time, the registrar manages investor applications, share allotment, and record-keeping for the issue.
Additionally, the company’s promoters, Mr. Arif Esmail Merchant, Mrs. Fozia Arif Esmail Merchant, Mr. Hashim Arif Merchant, and Mrs. Saima Hashim Merhant, currently hold 83.25% of the company’s shares, which will reduce to 61.21% post IPO.
Allocation Of Shares:
The 18,00,000 fresh IPO issue has been divided into reservations for the different stakeholders. The reservation portion for the market maker is 92,000 shares, which at Rs.70 per share aggregates to Rs.64.40 lakhs.
Another lot of 8,40,000 shares are separated for the retail individual investors who usually invest up to Rs.2 lakh each, and the same portion is kept for individual retail investors who would invest more than Rs.2 lakh.
Objectives Of The IPO:
The net proceeds of the IPO are estimated to be Rs.11.80 crore, that is, the difference between the amount raised and the IPO expenses. The plan is to proceed with strategic investments to drive growth and efficiency. Around Rs.360.00 lakhs (28.57%) will be used for acquiring property, Rs.469.10 lakhs (37.23%) will go towards purchasing vehicles and accessories, and Rs.279.70 lakhs (22.20%) is allocated for general corporate purposes.
Grey Market Premium:
As of 7:34 a.m. on 27th December 2024, the Citichem India IPO’s grey market premium (GMP) was Rs.30 per share, indicating strong investor interest ahead of its listing. This premium suggests a potential listing gain of 42.86%, with the shares likely to debut at around Rs.100 per share on the BSE SME, assuming current trends hold steady. The estimate is based on the upper end of the IPO price band set at Rs.70, highlighting positive sentiment in the grey market. Source: Live Mint
Overview Of The Company:
Citichem India Limited, established in 1992, supplies specialty chemicals, active pharmaceutical ingredients (APIs), and food-grade chemicals. It caters to industries like pharmaceuticals, steel, textiles, food, adhesives, and paints. The company offers chemicals like Caustic Soda Flakes, Citric Acid Monohydrate, and Hydrogen Peroxide. Known for quality and innovation, it has earned a trusted reputation across diverse sectors.
Citichem’s management team has expertise in regulatory affairs, sales, marketing, and finance. This enables them to seize market opportunities, navigate complexities, and drive growth. They use a customer-centric and order-driven business model that ensures quality supply and economies of scale. Additionally, Citichem aims to expand procurement sources and strengthen its market position.
Financial Parameters Of Citichem India Limited:
EPS
Earnings Per Share (EPS) shows a company’s profitability per share. A higher EPS indicates better profitability, while a lower EPS may signal financial struggles. For Citichem, the EPS has increased in FY2024 to Rs.2.24 from the drop of FY2023 to Rs.0.80. Plus, as of the quarter ending June 2024, the EPS was Rs.0.4.
Source: Citichem India
Net Worth
As of FY2024, the company’s net worth was Rs.7.25 crore, the highest in the past three years. And as of the quarter ending June 2024, the net worth increased to Rs.7.45 crore.
Source: Citichem India
Total Borrowings
The company has been reducing its borrowings over the past three years, reaching Rs.1.08 crore as of the first quarter of FY2025.
Source: Citichem India
SWOT Analysis of Citichem India Limited:
STRENGTHS
WEAKNESSES
Experienced Promoters: Citichem’s promoters have over 25 years of experience in sourcing, negotiating, and supplying chemicals, giving them deep market insights and a strong ability to spot growth opportunities.
Quality Commitment: The company focuses on high-quality products sourced from credible suppliers. Its rigorous quality management ensures that only certified products are delivered to clients, strengthening its reputation.
Dependence on Few Customers: A significant portion of Citichem’s revenue relies on a small number of customers. Any loss or reduction in purchases from these key clients could negatively impact the company’s financial performance.
OPPORTUNITIES
THREATS
Strategic Investments: The IPO proceeds will help Citichem expand its operations with investments in property, vehicles, and corporate purposes, driving growth and efficiency.
Market Expansion: With plans to diversify procurement sources, Citichem is poised to strengthen its market position and increase its customer base.
Hazardous Chemicals Risks: As the company deals with hazardous and corrosive chemicals, accidents could lead to operational disruptions, financial losses, and legal consequences.
Citichem India Limited has established itself in the chemicals industry, emphasizing quality and benefiting from its extensive experience. The company is currently pursuing an IPO for the purpose of raising funds to support its strategic investments, which may enhance its growth prospects. However, it’s important to consider some areas of concern, such as the company’s reliance on a limited number of key customers and the inherent risks associated with handling hazardous chemicals.
As with any investment, you must consider the company’s current performance, growth prospects, and risks. Research and weigh all the factors before deciding whether Citichem’s IPO fits your investment strategy.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
FAQ
What is meant by pre-apply in the case of Citichem India IPO?
The pre-IPO allows investors to invest in the IPO 2 days before the start of the subscription period.
What is Citichem India Limited’s PAT?
The profit after tax figure of the company as of FY2024 is Rs.111.83 lakhs.
Can I submit multiple applications for Citichem India Limited’s public issue using the same PAN?
No, you can only submit one application using your PAN card.
Have you been tracking recent developments in the manufacturing sector? If you’re interested in the stock market or companies specializing in agricultural and construction equipment, you may want to learn more about Carraro India Limited’s IPO.
With an issue size of ₹1,250 crores, this offering has attracted significant attention from market participants. It marks an important step for Carraro India, providing an opportunity to explore a company that plays a key role in transmission systems and gear manufacturing. Here’s a detailed breakdown of everything you need to know about this IPO.
Carraro IndiaIPO Details
The IPO bidding will begin today and end on December 24, 2024. Investors can expect the allotment process to be finalized by December 26, 2024, and the shares will be tentatively listed on December 30, 2024, on BSE & NSE.
The issue is entirely an offer to sell 1.78 crore shares. The price band for the IPO is set at ₹668 to ₹704 per share, and investors must bid for a minimum of 21 shares. Retail investors must invest a minimum of ₹14,784, while sNII and bNII investors must invest ₹2,06,976 and ₹10,05,312, respectively, based on their lot sizes.
Allocation of Shares
The share allocation is structured as follows:
QIB (Qualified Institutional Buyers): Not more than 50% of the net offer.
Retail Investors: Not less than 35% of the net offer.
NII (Non-Institutional Investors): Not less than 15% of the net offer.
Investors can bid for a minimum of 21 shares or multiples thereof. Based on the structure above., allocation will favor different investor categories.
Grey Market Premium (GMP) of Carraro India IPO Details
As of December 20, 2024, Carraro India IPO has a grey market premium (GMP) of nil. According to sources tracking the unofficial market, the unlisted shares are trading flat ahead of the IPO launch.
Objectives of the Carraro IndiaIPO
The objectives of Carraro India’s IPO are as follows:
The company will not receive any proceeds from the offer.
After deducting offer-related expenses and relevant taxes, all proceeds will go to the promoter-selling shareholder.
Company Overview
Established in 1997, Carraro India Limited specializes in manufacturing components ranging from individual gears to complete tractors. The company designs, manufactures, and markets transmission systems—including axles, transmissions, and drives—primarily catering to agricultural and construction equipment for off-highway vehicles.
Additionally, Carraro India offers a diverse range of gear for sectors such as automotive, trucks, agricultural machinery, and construction vehicles.
The company operates two manufacturing plants in Pune, Maharashtra, covering approximately 84,000 square meters (driveline plant) and 78,000 square meters (gear manufacturing plant). These facilities boast advanced technologies, including casting, machining, assembly, prototyping, testing, and painting for drivelines and heat treatment processes like carburizing, induction hardening, and nitriding for gear manufacturing.
Carraro India has demonstrated consistent financial growth, with notable profitability and operational efficiency improvements. The company’s Profit After Tax (PAT) increased by 29% from FY23 to FY24, reflecting enhanced operational performance. Furthermore, Carraro India maintains a strong balance sheet characterized by controlled borrowings and a steadily increasing net worth.
Established presence in the agricultural and construction equipment sector.
Advanced manufacturing technologies and robust infrastructure.
Diversified product offerings catering to multiple sectors.
Dependence on specific market segments such as off-highway vehicles.Limited geographical footprint compared to global peers.
OPPORTUNITIES
THREATS
There is a rising demand for agricultural and construction equipment in emerging markets.
There is potential for geographic expansion and diversification.
Increasing focus on technological advancements in gear and transmission manufacturing.
There is Intense competition from both domestic and international players.
It is susceptibility to economic cycles affecting the agricultural and construction sectors.
Fluctuations in raw material prices impact production costs.
Conclusion The Carraro India Limited IPO provides an opportunity to engage with a company with a strong position in the agricultural and construction equipment manufacturing sector. Carraro India is a notable player with its advanced technologies and consistent financial growth.
However, potential investors should carefully evaluate the company’s SWOT analysis and financials to make informed decisions. This IPO marks a significant milestone for Carraro India and offers a glimpse into its future growth trajectory.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
This week is bustling with IPO activity, featuring 10 upcoming listings. Of these, 7 are mainboard IPOs, including notable names like Transrail Lighting Limited and DAM Capital Advisors, while 3 SME IPOs aim to raise a total of ₹71.72 crore.
The mainboard IPOs collectively target a much larger sum, with a combined goal of ₹4630 crore. With such a packed schedule, let’s look at each IPO’s key highlights and what they offer.
Transrail Lighting IPO
Transrail Lighting IPO is a book-built issue aiming to raise ₹838.91 crores. The issue consists of a fresh issue of 0.93 crore shares amounting to ₹400.00 crores and an offer for sale of 1.02 crore shares aggregating ₹438.91 crores.
The company will be listed on the BSE and NSE with a tentative date of December 27, 2024. Retail investors can apply for a minimum lot size of 34 shares, amounting to ₹14,688. The minimum lot size for Small and Medium Investors (sNII) is 14 lots (476 shares), totaling ₹2,05,632, while for Bulk Investors (bNII), it is 69 lots (2,346 shares), amounting to ₹10,13,472.
The company plans to utilize the net proceeds of the IPO for the following purposes:
To meet incremental working capital requirements.
To fund capital expenditure needs.
For general corporate purposes.
GMP of Transrail Lighting IPO
As of December 17, 2024, the Transrail Lighting IPO has a Grey Market Premium (GMP) of ₹120. With the price band of ₹432 per share, the estimated listing price is ₹552. This indicates a potential gain of 27.78% per share, reflecting positive market sentiment.
Company Overview
Transrail Lighting Limited, established in February 2008, is an engineering and construction company specializing in power transmission, distribution, and infrastructure projects. The company provides services in transmission line construction, civil engineering (including bridges and elevated roads), and railway electrification. It also manufactures and installs lattice structures, conductors, and poles for lighting. Transrail has completed over 200 projects globally, with a presence in 58 countries, including Bangladesh, Kenya, and Finland.
Financials
Transrail Lighting Limited has shown impressive financial growth. For the financial year ending March 31, 2024, the company’s revenue grew by 30.2%, and its profit after tax (PAT) surged by 116.8% compared to the previous year.
SWOT Analysis of Transrail Lighting Limited
STRENGTHS
WEAKNESSES
Extensive presence across 58 countries, offering a broad market reach.
Strong track record of over 200 completed projects in power transmission and distribution.
Diversified portfolio covering transmission, civil construction, lighting, and railway services.
Increasing dependence on large infrastructure projects can be subject to delays and cost overruns.
Limited market share in some regions compared to larger competitors.
OPPORTUNITIES
THREATS
Growing demand for infrastructure development globally, particularly in emerging markets.
Expansion of railway electrification and renewable energy projects.
Fierce competition from both local and international players.
Fluctuations in raw material costs affect project margins.
Regulatory changes in key markets impacting operations.
It is a book-built issue aiming to raise ₹840.25 crores. The entire issue is an offer for sale, consisting of 2.97 crore shares. The allotment is expected to be finalized on December 24, 2024. The shares will be listed on BSE and NSE, with the tentative date set for December 27, 2024.
Retail investors can apply for a minimum lot size of 53 shares, which requires an investment of ₹14,999. For Small and Medium Investors (sNII), the minimum lot size is 14 lots (742 shares), totaling ₹2,09,986, and for Bulk Investors (bNII), it is 67 lots (3,551 shares), amounting to ₹10,04,933.
Objectives of the DAM Capital Advisors Limited IPO
The company will not receive any proceeds from the offer for sale by the selling shareholders.
GMP of the DAM Capital Advisors Limited IPO
As of December 17, 2024, the DAM Capital Advisors IPO has a Grey Market Premium (GMP) of ₹108. With the price band set at ₹283 per share, the estimated listing price is ₹391. This suggests an expected percentage gain of 38.16% per share.
Company Overview
DAM Capital Advisors Limited is an Indian investment bank offering various financial solutions. Its services include investment banking (equity capital markets, mergers and acquisitions, private equity, and structured finance advisory) and institutional equities (broking and research).
Since its acquisition on November 7, 2019, the company has executed 72 equity capital market transactions and advised on 23 M&A, private equity, and structured finance deals. It has a diverse client base, including 263 active clients, and operates in global markets such as India, the USA, the UK, Europe, and Asia.
Financials
DAM Capital Advisors Limited’s revenue grew by 114%, and its profit after tax (PAT) surged by 713% for the financial year ending March 31, 2024, compared to the previous year.
SWOT Analysis of DAM Capital Advisors Limited
STRENGTHS
WEAKNESSES
Strong track record in executing major equity capital market transactions. Established presence in international markets, with a broad client base across geographies. A diverse range of financial services is offered, including high-demand areas like M&A and private equity.
Strong dependency on advisory and capital market services is subject to market volatility. Limited brand recognition compared to larger investment banks in India.
OPPORTUNITIES
THREATS
Increasing demand for financial advisory services in India and emerging markets. Expansion of institutional equities and research services to new clients.
Intense competition from larger investment banks and financial institutions. Regulatory changes that could impact business operations in key markets.
Mamata Machinery IPO is a book-built issue aiming to raise ₹179.39 crores. The issue consists entirely of an offer for sale of 0.74 crore shares. The allotment will be finalized on December 24, 2024. The shares will be listed on BSE and NSE, with the tentative listing date set for December 27, 2024.
Retail investors can apply for a minimum lot size of 61 shares, with an investment of ₹14,823. For Small and Medium Investors (sNII), the minimum lot size is 14 lots (854 shares), totaling ₹2,07,522, and for Bulk Investors (bNII), it is 68 lots (4,148 shares), amounting to ₹10,07,964.
Mamata Machinery will not receive any proceeds from the offer. The offer proceeds will go to the selling shareholders after deducting offer-related expenses.
GMPof the Mamata Machinery Limited IPO
As of December 17, 2024, the Mamata Machinery IPO has a Grey Market Premium (GMP) of ₹111. With the price band set at ₹243 per share, the estimated listing price is ₹354. This implies a potential gain of 45.68% per share, which suggests strong market demand for the stock.
Company Overview
Mamata Machinery Limited, founded in April 1979, manufactures machines for producing plastic bags, pouches, packaging, and extrusion equipment. The company serves the packaging industry, catering primarily to the FMCG, food, and beverage sectors.
Its notable clients include Balaji Wafers, Chitale Foods, Om Flex India, and Gits Food Products. The company exports to over 75 countries and has international offices in Bradenton, Florida, Montgomery, Illinois, and sales agents in Europe, South Africa, and Asia.
Financials
Mamata Machinery Limited has shown solid financial performance. The company’s revenue increased by 14.84% compared to the previous year, and its profit after tax (PAT) grew by 60.52% for the financial year ending March 31, 2024.
SWOT Analysis of Mamata Machinery Limited
STRENGTHS
WEAKNESSES
Long-established presence in the packaging machinery market. A wide international reach, exporting to over 75 countries. Strong client base across various industries, including FMCG and food & beverage sectors.
Heavy reliance on the packaging industry can be subject to market fluctuations. Dependence on the global export market exposes the company to currency risks and geopolitical instability.
OPPORTUNITIES
THREATS
Growing demand for packaging machinery in emerging markets. Expansion of product offerings and penetration in new regions.
Intense competition from both domestic and international players in the machinery manufacturing sector. Fluctuations in raw material prices affect profit margins.
Sanathan Textiles IPO is a book-built issue worth ₹550.00 crores. The issue comprises a fresh issue of 1.25 crore shares, aggregating to ₹400.00 crores, and an offer for sale of 0.47 crore shares, totaling ₹150.00 crores. Retail investors can apply for a minimum lot size of 46 shares, requiring an investment of ₹14,766. For sNII, the minimum lot size is 14 lots (644 shares), amounting to ₹2,06,724; for bNII, it is 68 lots (3,128 shares), totaling ₹10,04,088.
Investment in its subsidiary, Sanathan Polycot Private Limited, for debt repayment.
General corporate purposes.
GMP of Sanathan Textiles Limited IPO
As of December 17, 2024, the Grey Market Premium (GMP) for Sanathan Textiles IPO stands at ₹0. With a price band cap of ₹321, the estimated listing price is ₹321, reflecting no premium or discount (0.00%).
Company Overview
Sanathan Textiles Limited, incorporated in 2005, is a leading polyester yarn manufacturer and a global supplier of cotton yarn. The company operates in three key segments: polyester, cotton yarn, and technical textiles. These technical yarns cater to automotive, healthcare, construction, sports, and protective wear industries.
The company has over 3,200 active yarn varieties and over 45,000 stock-keeping units (SKUs). It can manufacture over 14,000 yarn varieties and 190,000 SKUs for diverse applications. As of June 30, 2024, the company had over 925 distributors across India and six other countries, including Canada, Germany, and Israel.
Financial Strength
Sanathan Textiles reported a decline in performance for the year ending March 31, 2024. Revenue fell by 11%, and the profit after tax (PAT) decreased by 12% compared to the previous year.
SWOT Analysis of Sanathan Textiles Limited
STRENGTHS
WEAKNESSES
Wide product portfolio with extensive SKUs.
Strong presence in domestic and international markets.
Established relationships with distributors globally.
The recent decline in financial performance.
Dependence on the textile industry is cyclical and sensitive to market demand.
OPPORTUNITIES
THREATS
Growing demand for technical textiles in emerging sectors like healthcare and automotive.
Expansion opportunities in untapped global markets.
Volatile raw material prices impact margins.
Competition from domestic and international textile manufacturers.
Concord Enviro Systems IPO is a book-built issue totaling ₹500.33 crores. The issue consists of a fresh issue of 0.25 crore shares aggregating ₹175.00 crores and an offer for sale of 0.46 crore shares worth ₹325.33 crores. The price band is set between ₹665 and ₹701 per share.
The minimum lot size is 21 shares, requiring a retail investment of ₹14,721. The minimum investment for sNII is 14 lots (294 shares) at ₹2,06,094, and for bNII, it is 68 lots (1,428 shares) at ₹10,01,028.
Objectives of the Concord Enviro Systems Limited IPO
The funds will be utilized for the following purposes:
Capital expenditure for the greenfield project in the UAE (assembly unit).
Expansion of manufacturing facilities for the Vasai project.
Purchase of plant and machinery.
Prepayment/repayment of borrowings by Concord Enviro FZE.
Working capital requirements for Concord Enviro FZE.
Investment in the joint venture Reserve Enviro Pvt. Ltd. for business growth.
Investment in technology and new market initiatives.
General corporate purposes.
GMP of Concord Enviro Systems Limited IPO
The Grey Market Premium (GMP) for Concord Enviro Systems IPO is ₹0 as of December 17, 2024. With a price band cap of ₹701, the estimated listing price remains ₹701, showing no premium or discount (0.00%).
Company Overview
Incorporated in July 1999, Concord Enviro Systems Limited specializes in global water and wastewater treatment and reuse solutions, including zero-liquid discharge (ZLD) technology. The company offers integrated services, including design, installation, operations and maintenance (O&M), and IoT-based digital solutions.
Concord Enviro’s operations are divided into four key areas:
Manufacturing and sale of water treatment, reuse, and ZLD systems.
Operations and maintenance services.
Sale of consumables and spare parts, including membranes, plants, and chemicals.
Installation of compressed biogas plants (CBG).
Financial Strength
The company has shown robust financial growth. Between FY 2023 and FY 2024, revenue grew by 46%, while profit after tax (PAT) surged by 655%, showcasing strong operational efficiency.
SWOT Analysis of Concord Enviro SystemsLimited
STRENGTHS
WEAKNESSES
Comprehensive solutions for water treatment and reuse.
Strong financial performance with high-profit growth.
Advanced ZLD technology catering to sustainability goals.
Greater influence of industrial demand for water treatment.
Capital-intensive projects that may impact cash flow.
OPPORTUNITIES
THREATS
Growing global demand for wastewater treatment and ZLD solutions.
Expansion into international markets and IoT-based digital solutions.
Competition from domestic and global players in water treatment.
Regulatory changes and delays in large-scale industrial projects.
Ventive Hospitality IPO is a book-built issue worth ₹1,600.00 crores. The issue consists entirely of a fresh issue of 2.49 crore shares. The IPO price band is between ₹610 and ₹643 per share. The IPO will list on BSE and NSE, with the tentative listing date scheduled for Monday, December 30, 2024.
The minimum lot size for retail investors is 23 shares, requiring an investment of ₹14,789. For sNII, the minimum lot size is 14 lots (322 shares) at ₹2,07,046; for bNII, it is 68 lots (1,564 shares) at ₹10,05,652.
The company plans to use the funds for the following purposes:
Repayment/prepayment, in part or full, of certain borrowings.
Payment of interest accrued on borrowings for the company and its step-down subsidiaries.
Investments in subsidiaries SS & L Beach Private Limited and Maldives Property Holdings Private Limited.
General corporate purposes.
GMP
As of December 17, 2024, the Grey Market Premium (GMP) for Ventive Hospitality IPO is ₹0. Based on the cap price of ₹643, the estimated listing price remains ₹643, reflecting no premium or discount (0.00%).
Company Overview
Incorporated in February 2002, Ventive Hospitality Limited operates in the hospitality sector, focusing on the business and leisure segments. The company develops and manages luxury hotels and resorts in India and the Maldives.
As of September 30, 2024, Ventive Hospitality manages 11 operational assets comprising 2,036 keys across upscale segments. Global hospitality giants like Marriott, Hilton, Minor, and Atmosphere operate or franchise their properties. Key assets include JW Marriott Pune, The Ritz-Carlton Pune, Conrad Maldives, Anantara Maldives, and Raaya by Atmosphere Maldives.
Financial Strength
Between FY 2023 and FY 2024, the company’s revenue grew by 8%. However, profit after tax (PAT) significantly declined, dropping by -526%, indicating substantial financial pressure.
SWOT Analysis of Ventive Hospitality Limited
STRENGTHS
WEAKNESSES
Strong presence in luxury hospitality with high-end assets in prime locations.
Partnerships with global operators like Marriott and Hilton.
Diversified geographical presence, including popular destinations like the Maldives.
Strong dependence on borrowings, leading to financial instability.
Significant decline in PAT, raising profitability concerns.
OPPORTUNITIES
THREATS
Growth in luxury travel and hospitality demand post-pandemic.
Expansion opportunities in premium spiritual and cultural destinations.
Economic downturns affect leisure and business travel.
Rising competition in the upscale hospitality segment.
Senores Pharmaceuticals IPO is a book-built issue comprising a fresh issue worth ₹50 crore and an offer for sale of 0.21 crore shares. The IPO will open for subscription on December 20, 2024, and close on December 24, 2024. The allotment is expected to be finalized on Thursday, December 26, 2024. The company’s shares will list on BSE and NSE, with a tentative listing date set for Monday, December 30, 2024.
Objectives of the Senores Pharmaceuticals Limited IPO
The company aims to use the funds for the following purposes:
Investment in subsidiary Havix Group, Inc. to set up a sterile injection manufacturing facility in Atlanta.
Repayment or prepayment of borrowings availed by the company.
Repayment or prepayment of borrowings availed by Havix Group, Inc.
Funding the company’s working capital requirements.
Funding working capital requirements for subsidiaries Senores Pharmaceuticals Inc. and Ratnatris Pharmaceutical Private Limited.
Supporting inorganic growth, acquisitions, and general corporate purposes.
GMP of Senores Pharmaceuticals Limited IPO
The Grey Market Premium (GMP) for Senores Pharmaceuticals IPO has not been announced yet.
Company Overview
Incorporated in December 2017, Senores Pharmaceuticals Limited develops and manufactures pharmaceutical products for regulated markets such as the US, Canada, and the UK and serves emerging markets.
The company’s portfolio includes a wide range of tablets and capsules like Amphetamine Sulfate, Hydroxychloroquine Sulfate, Ketoconazole, and more. As of September 30, 2024, Senores has launched 55 products in key therapeutic segments, particularly antibiotics and anti-fungal treatments. They have established partnerships with distributors and hospitals across various states in India.
Financial Strength
The company has demonstrated impressive financial growth. Between FY 2023 and FY 2024, revenue increased by 457%, while profit after tax (PAT) rose by 288%, showcasing strong performance and scalability.
SWOT Analysis of Senores Pharmaceuticals Limited
STRENGTHS
WEAKNESSES
Rapid revenue and profit growth in regulated markets.
Strong portfolio with 55 products across critical therapeutic segments.
Established presence in key global markets like the US, Canada, and the UK.
Heavy reliance on subsidiaries for manufacturing and growth.
Dependency on regulatory approvals to launch new products in international markets.
OPPORTUNITIES
THREATS
Expansion in emerging markets and untapped geographies.
New product launches and increased focus on sterile injection manufacturing.
Stringent regulatory requirements in the US and other regulated markets.
Rising competition from global and domestic pharmaceutical players.
Having covered all the mainboard IPOs scheduled for this week, let’s now focus on the 3 SME IPOs set to hit the market. These offerings come from various sectors, including infrastructure, VFX, and steel, providing a diverse set of opportunities for investors.
These companies aim to raise ₹71.72 crore, catering to different investor preferences and goals. With such a varied lineup, there’s something for everyone looking to explore niche segments. Let’s dive into the key highlights of each SME IPO and see what they have to offer.
This week brings exciting IPO opportunities, ranging from established names like Transrail Lighting Limited and DAM Capital Advisors to promising SME offerings. Investors have various choices, whether they prefer large-scale investments or stocks with high-growth potential in niche markets.
As always, analyzing the details carefully and weighing the risks before making any investment decisions is crucial. As these IPOs debut in the market, look for more updates and insights.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Get answers to the most pertinent questions on your mind now.
[faq_listing]
What is an Investment Advisory Firm?
An investment advisory firm is a company that helps investors make decisions about buying and selling securities (like stocks) in exchange for a fee. They can advise clients directly or provide advisory reports and other publications about specific securities, such as high growth stock recommendations. Some firms use both methods, like Research & Ranking, India’s leading stock advisory company, specializing in smart investments and long-term stocks since 2015.
Do we have SEBI registration as an Investment Advisory?
An investment advisory firm is a company that helps investors make decisions about buying and selling securities (like stocks) in exchange for a fee. They can advise clients directly or provide advisory reports and other publications about specific securities, such as high growth stock recommendations. Some firms use both methods, like Research & Ranking, India’s leading stock advisory company, specializing in smart investments and long-term stocks since 2015.
Why choose a SEBI Registered Investment Advisor?
An investment advisory firm is a company that helps investors make decisions about buying and selling securities (like stocks) in exchange for a fee. They can advise clients directly or provide advisory reports and other publications about specific securities, such as high growth stock recommendations. Some firms use both methods, like Research & Ranking, India’s leading stock advisory company, specializing in smart investments and long-term stocks since 2015.
What is the Role of an Investment/Stock Market Advisory Firm in India?
An investment advisory firm is a company that helps investors make decisions about buying and selling securities (like stocks) in exchange for a fee. They can advise clients directly or provide advisory reports and other publications about specific securities, such as high growth stock recommendations. Some firms use both methods, like Research & Ranking, India’s leading stock advisory company, specializing in smart investments and long-term stocks since 2015.
Is investment advisory the same as wealth management?
