Did you participate in the recent Vishal Mega Mart IPO? The Gurugram-based hypermarket chain’s public offering generated significant investor interest and closed with an impressive 27.28-times oversubscription. With the bidding window closing, investors eagerly await the allotment status.
To check your allotment status, we explain everything you need about the Vishal Mega Mart IPO, from subscription details to Grey Market Premium (GMP).
Strong Investor Response to Vishal Mega Mart IPO
The Gurugram-basedVishal Mega Mart opened its IPO for bidding from December 11 to December 13. It offered shares at a price band of ₹74-78 per share, with a minimum lot size of 190 shares. The IPO aimed to raise ₹8,000 crore entirely through an offer-for-sale (OFS) of up to 1,02,56,41,025 equity shares.
The subscription details reveal the immense interest among various categories of investors:
Qualified institutional buyers (QIBs)
Subscribed 80.75 times
Non-institutional investors (NIIs)
Subscribed 14.24 times
Retail investors
Subscribed 2.31 times
The IPO received bids for 20,64,25,17,700 equity shares against the 75,67,56,757 shares on offer, garnering bids worth ₹1.60 lakh crore. Of this, QIBs alone accounted for ₹1.36 lakh crore worth of bids, underscoring the strong demand from institutional investors. Source: Mint
Key Dates and Allotment Process
The allotment status of Vishal Mega Mart IPO is expected to be finalized soon. Under the ‘T+3’ listing rule, the IPO must be listed within three days of the subscription closure, making this a highly anticipated event for investors.
What Happens Post-Allotment?
Once the allotment is finalized:
Shares will be credited to the demat accounts of successful bidders.
Refunds for unsuccessful applications will be initiated on the same day.
Financial Strength and Business Overview
Founded in 2001, Vishal Mega Mart operates as a prominent hypermarket chain in India, offering a diverse range of products under its General Merchandise and Food and Groceries sections. Key highlights of the business:
Retail Presence: Operates 645 franchised stores in 414 cities with over 11 million square feet of retail space.
Ownership: Acquired by Switzerland’s Partners Group and India’s Kedaara Capital in 2018.
Product Categories: The General Merchandise section includes home and kitchen appliances alongside travel products, while the Food and Groceries section features FMCG items such as personal and household care essentials.
Financial Performance:
Revenue grew by 17.41% between FY23 and FY24, reflecting strong operational efficiency and market demand.
Profit after tax (PAT) surged by 43.78% during the same period, underscoring the company’s ability to enhance profitability.
Market Capitalization: Stands at ₹35,168.01 crore, highlighting its strong market positioning.
Vishal Mega Mart shares show a bullish trend in the unlisted market, supported by a decent grey market premium (GMP). According to stock market observers, today’s Vishal Mega Mart IPO GMP is ₹19 per share. This indicates that Vishal Mega Mart shares are trading ₹19 higher in the grey market compared to their issue price.
Based on the current GMP of ₹19, the estimated listing price of the shares is₹97 per share. This represents a premium of 24.36% over the IPO price of ₹78 per share. The positive GMP suggests strong investor sentiment and expectations of robust performance upon listing. Source: Mint
How to Check Vishal Mega Mart IPO Allotment Status
If you’ve applied for the IPO, here’s how you can check your allotment status:
Select the IPO name (only available if the allotment is finalized).
Choose your preferred mode for verification: Application Number, Demat Account Number, or PAN ID.
Specify your application type (ASBA or non-ASBA).
Fill in the necessary details and captcha.
Submit the form to view your allotment status.
Registrar and Lead Managers
KFin Technologies Limited, the official registrar, is handling the IPO process. KFinTech is responsible for processing applications, managing refunds, and resolving investor queries. The lead managers for the IPO include:
Kotak Mahindra Capital Company
ICICI Securities
Intensive Fiscal Services
Jefferies India
JP Morgan India
Morgan Stanley India
Conclusion
The Vishal Mega Mart IPO has drawn significant participation from all categories of investors, with high subscription levels among QIBs, NIIs, and retail investors. This indicates broad-based interest in the company and its growth potential. As the next key step, investors who have applied for shares are advised to check their allotment status through the BSE or KFinTech portals.
With its established presence in the Indian retail market, consistent financial growth, and buoyant grey market sentiment, market participants are closely watching the IPO’s listing. Whether you’re a retail investor or an institutional player, keeping track of the allotment and understanding the steps to verify your status is crucial. Stay updated to ensure you don’t miss out on any key developments.
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 packed with IPO activity, with 11 IPOs set to debut in the market. 5 mainboard IPOs are drawing attention, including well-known names like Vishal Mega Mart and One Mobikwik. On the other hand, 6 SME IPOs are targeting a collective sum of ₹145 crore.
The mainboard IPOs aim for a significantly larger amount, with a combined target of ₹18,337 crore. With such a busy lineup, let’s dive into the key details of each of these IPOs and see what they have to offer.
Vishal Mega Mart Limited
Vishal Mega Mart is set to launch its ₹8,000 crore IPO, entirely structured as an offer for sale (OFS) of 102.56 crore shares. The IPO will open for subscription on December 11, 2024, and close on December 13, 2024. Allotments are expected to be finalized by December 16, 2024, with shares slated to list on the BSE and NSE on December 18, 2024.
Investors can apply with a minimum lot size of 190 shares, requiring an investment of ₹14,820 for retail participants. Small non-institutional investors (sNII) need a minimum of 14 lots (2,660 shares), amounting to ₹207,480, while big non-institutional investors (bNII) need at least 68 lots (12,920 shares), requiring ₹1,007,760.
Vishal Mega Mart Limited Grey Market Premium (GMP)
As of December 9, 2024, Vishal Mega Mart’s IPO has a Grey Market Premium (GMP) of ₹23, with a price band of ₹78 per share. This suggests an estimated listing price of ₹101 per share, representing a potential gain of 29.49% on the listing day. The strong GMP indicates positive investor sentiment and could hint at a good demand for the IPO.
Objectives of the Vishal Mega Mart Limited IPO
This IPO is an Offer for Sale (OFS), and Vishal Mega Mart will not directly receive any proceeds from the issue.
The proceeds will go to the promoter-selling shareholder after deducting taxes and IPO-related expenses.
Company Overview
Vishal Mega Mart, established in 2001, is a leading hypermarket chain in India, offering products like apparel, groceries, electronics, and home essentials. Catering to middle and lower-middle-income groups, it operates 645 stores across 414 cities in 28 states and two union territories (as of September 30, 2024). With a growing digital presence via its app and website, the company follows an asset-light model, leasing stores and sourcing products from third-party manufacturers to optimize costs and scalability.
Financial Strength
Vishal Mega Mart has demonstrated good financial performance in recent years. Between FY23 and FY24, the company’s revenue grew by 17.41%, reflecting its strong operational efficiency and market demand. Its profit after tax (PAT) surged by 43.78% during the same period
Established presence with 645 stores across India and a strong digital platform.
Asset-light model minimizes fixed costs and enhances operational flexibility.
Diversified product portfolio catering to essential consumer needs.
Consistent financial growth with a significant rise in revenue and profitability.
Heavy reliance on third-party vendors for product sourcing.
IPO proceeds will not benefit the company directly, limiting immediate growth funding.
OPPORTUNITIES
THREATS
Expansion potential in Tier-III and rural markets.
Growing demand for affordable retail options among price-conscious consumers.
Scope for strengthening its e-commerce presence to complement its physical stores.
Intense competition from retail giants and e-commerce platforms.
Vulnerability to economic downturns affecting consumer spending in its target demographic.
Dependency on leased infrastructure, which could pose operational challenges.
Sai Life Sciences Limited
Sai Life Sciences is launching its ₹3,042.62 crore IPO, a combination of a fresh issue of ₹950 crores and an offer for sale (OFS) of ₹2,092.62 crores, comprising a total of 5.54 crore shares. The IPO will open for subscription on December 11, 2024, and close on December 13, 2024. Allotments are scheduled to be finalized on December 16, 2024, with the listing expected on December 18, 2024, on the BSE and NSE.
The price band is set at ₹522 to ₹549 per share, with a minimum lot size of 27 shares. For retail investors, the minimum investment required is ₹14,823. For small non-institutional investors (sNII), the minimum investment is ₹207,522 for 14 lots (378 shares), while for big non-institutional investors (bNII), it is ₹1,007,964 for 68 lots (1,836 shares).
Grey Market Premium of Sai Life Sciences Limited (GMP)
Sai Life Sciences IPO has a Grey Market Premium (GMP) of ₹42, as of December 9, 2024, 09:00 AM. Based on the cap price of ₹549, the estimated listing price is ₹591 per share, indicating a potential gain of 7.65%. The GMP reflects moderate optimism among investors.
Objectives of the Premium IPO
To repay or prepay certain outstanding company borrowings in full or in part.
For general corporate purposes.
Company Overview
Incorporated in January 1999, Sai Life Sciences Limited specializes in researching, developing, and manufacturing new chemical entities for small molecules. The company provides customized services to biotech and global pharmaceutical companies, catering to the unique needs of over 280 pharmaceutical innovators in FY24, including 230 clients as of September 30, 2024. Impressively, Sai Life Sciences collaborates with 18 of the top 25 global pharmaceutical companies ranked by revenue in 2023.
The company serves clients across major markets, including the US, UK, Europe, and Japan, and a highly experienced business development team supports it. This team comprises 16 professionals, strategically positioned with six in the US, nine in the UK and Europe, and one in Japan.
Financial Strength
Sai Life Sciences has demonstrated good financial growth between FY23 and FY24. The company’s revenue grew by 20%, while its profit after tax (PAT) surged by 729%.
Long-term partnerships with leading global pharmaceutical companies.
Established presence in key markets like the US, UK, Europe, and Japan.
Diverse service offerings spanning drug discovery, development, and manufacturing.
Outstanding financial performance with a 729% PAT growth in FY24.
Revenue concentration from a limited number of large clients.
Exposure to shifts in global pharma sector demand.
OPPORTUNITIES
THREATS
Increasing reliance on outsourcing by global biotech and pharma firms.
Expansion potential in underserved and emerging markets.
Ability to scale niche services in discovery and development.
Competitive pressure from global CRO and CDMO players.
Complex regulatory landscapes in multiple jurisdictions.Risk of disruption from evolving pharmaceutical technologies.
One Mobikwik Systems Limited
One Mobikwik Systems Limited is launching a ₹572 crore IPO, fully comprising a fresh issue of 2.05 crore shares. The allotment will be finalized on December 16, 2024, with shares expected to list on the BSE and NSE on December 18, 2024. Investors can apply for a minimum lot size of 53 shares, requiring an investment of ₹14,787. Small non-institutional investors (sNII) must invest ₹207,018 for 14 lots (742 shares), while big non-institutional investors (bNII) need ₹1,005,516 for 68 lots (3,604 shares).
Grey Market Premium of One Mobikwik Systems Limited(GMP)
The IPO has a GMP of ₹95 as of December 9, 2024, with an estimated listing price of ₹374 per share, based on the cap price of ₹279. This reflects a potential gain of 34.05%, indicating strong demand in the market.
Invest in data, machine learning, AI, products, and technology.
Capital expenditure for the payment devices business.
General corporate purposes.
Company Overview
Incorporated in 2008, Mobikwik is a fintech company offering digital wallets and online payment services. It enables users to pay bills, recharge mobile phones, shop online and offline, transfer money, check bank balances, and make payments through QR codes or credit cards.
The company has introduced innovative solutions like MobiKwik ZIP, ZIP EMI, and Merchant Cash Advance. These leverage digital infrastructure like Aadhaar and NSDL to provide seamless, digital-first financial experiences.
Financial Strength
Between FY23 and FY24, Mobikwik achieved 59% revenue growth and saw its profit after tax (PAT) rise by an impressive 117%, reflecting its strong financial performance and operational scalability.
Established presence in the digital payment ecosystem.
Innovative products like MobiKwik ZIP and ZIP EMI.
Significant revenue and profit growth in FY24.
High competition in the fintech sector.
Reliance on partnerships for certain financial products.
OPPORTUNITIES
THREATS
Increasing adoption of digital payments in India.
Expansion in underserved markets.Potential to enhance offerings using AI and ML.
Regulatory risks in fintech operations.
Market competition from established players like Paytm and PhonePe.
Dependency on public digital infrastructure for operations.
Inventurus Knowledge Solutions Limited
Inventurus Knowledge Solutions Limited is launching a ₹2,497.92 crore IPO, entirely an offer for sale of 1.88 crore shares. The IPO opens on December 12, 2024, and closes on December 16, 2024.
The allotment date is December 17, 2024, and shares are expected to list on the BSE and NSE on December 19, 2024. Investors can apply for a minimum lot size of 11 shares, requiring an investment of ₹14,619. Small non-institutional investors (sNII) must invest ₹204,666 for 14 lots (154 shares), while big non-institutional investors (bNII) need ₹1,008,711 for 69 lots (759 shares).
Grey Market Premium of Inventurus Knowledge Solutions Limited (GMP)
The IPO has a GMP of ₹225 as of December 9, 2024, with an estimated listing price of ₹1,554 per share, based on the cap price of ₹1,329. This reflects a potential gain of 16.93%, suggesting moderate market interest.
Objectives of Inventurus Knowledge Solutions Limited IPO
Proceeds will be entirely allocated to the selling shareholders, with no funds going to the company.
Company Overview
Incorporated in 2006, Inventurus Knowledge Solutions (IKS Health) specializes in providing administrative support to healthcare enterprises. Its services include clinical support, virtual medical scribing, and medical documentation management, helping doctors and healthcare providers reduce paperwork burdens.
IKS Health’s platform supports outpatient care, such as observation, diagnosis, and treatment without hospital admission, and inpatient care, which involves medical services requiring hospital stays. The company focuses on enhancing patient care delivery and reducing administrative bottlenecks for healthcare providers.
Financial Strength
Inventurus Knowledge Solutions recorded a 75.25% revenue growth and a 21.38% increase in PAT in FY24 compared to FY23, demonstrating strong operational performance and profitability.
SWOT Analysis of Inventurus Knowledge Solutions Limited
STRENGTHS
WEAKNESSES
Unique position in healthcare administrative support.
Strong revenue growth with stable profitability.
Established presence in both outpatient and inpatient care services.
Strong dependance on the healthcare sector for business.
Limited diversification in revenue streams.
OPPORTUNITIES
THREATS
Growing demand for healthcare outsourcing.
Potential expansion into international healthcare markets.
Increasing need for virtual healthcare solutions..
Regulatory changes in the healthcare sector.
Competition from other healthcare technology providers.
Dependency on healthcare providers’ adoption of outsourcing.
International Gemological Institute (India) Limited
The International Gemological Institute (IGI) IPO is a book-built issue worth ₹4,225 crores, comprising a fresh issue of ₹1,475 crore and an offer for sale of ₹2,750 crores. The IPO opens for subscription on December 13, 2024, and closes on December 17, 2024. The allotment for the IPO is expected to be finalized on December 18, 2024, and the shares are likely to list on BSE and NSE on December 20, 2024.
Offer Price
₹397 – ₹417 per share
Face Value
₹2 per share
Opening Date
13 December 2024
Closing Date
17 December 2024
Total Issue Size (in Shares)
To be announced
Total Issue Size (in ₹)
₹4,225.00 Cr
Issue Type
Book Built Issue IPO
Lot Size
To be announced
Listing at
BSE, NSE
Source: Chittorgarh
Grey Market Premium of International Gemological Institute (India) Limited (GMP)
As of December 9, 2024, the GMP for the IGI IPO stands at ₹107.50, indicating an expected listing price of ₹524.50 (cap price of ₹417 plus the GMP). This reflects a potential gain of 25.78%, suggesting strong market interest and positive sentiment for the IPO.
Objectives of International Gemological Institute (India) Limited IPO
The company plans to use the net proceeds from the IPO for the following purposes:
Payment for acquiring the IGI Belgium Group and IGI Netherlands Group from the promoter.
General corporate purposes.
Company Overview
Incorporated in February 1999, the International Gemmological Institute (IGI) India is a leading diamond, gemstone, and jewelry certification and grading organization. The company provides independent grading reports for diamonds and gemstones based on internationally accepted standards, assessing key characteristics like color, cut, clarity, and carat weight.
IGI operates 31 laboratories worldwide and provides grading services for natural diamonds, lab-grown diamonds, gemstones, and finished jewelry. The company also runs 18 gemology schools that graduate thousands of students annually. IGI is renowned for its expertise and is a trusted name in the global gem and jewelry industry.
Financial Strength
IGI has shown consistent growth in its financials. As of September 30, 2024, the company recorded a revenue of ₹619.49 crore, significantly rising from ₹374.29 crore in 2021. Similarly, PAT increased from ₹171.53 crore in 2021 to ₹326.06 crore in September 2024, reflecting profitability and operational efficiency.
Source: Chittorgarh
SWOT Analysis of International Gemological Institute (India) Limited
STRENGTHS
WEAKNESSES
Global recognition in gem and jewellery certification.Strong presence in 31 laboratories worldwide.Well-established reputation in the diamond and gemstone grading industry.
Dependence on the gem industry, which can be cyclical.Limited diversification outside grading and certification.
OPPORTUNITIES
THREATS
Expansion of gemology schools and educational offerings.Growing demand for lab-grown diamonds and sustainable gemstones.Potential to expand market share in emerging markets.
Intense competition from other gem certification agencies.Changes in regulations or standards in the grading industry.Fluctuations in the global diamond market, impacting demand.
SME IPOs launching this week
Now that we’ve discussed all the mainboard IPOs scheduled for this week, it’s time to shift our focus to the 6 SME IPOs set to debut. These IPOs span various sectors, offering opportunities in industries such as aggrotech, marketing consulting, fashion, and transformers.
Together, these companies are looking to raise a total of ₹145 crore from the market. With such a diverse mix of businesses, investors can find options across different sectors that align with their interests and investment goals. Let’s take a closer look at the key details of each of these SME IPOs and what they bring to the table.
With a diverse range of IPOs launching this week, from major players like Vishal Mega Mart and One Mobikwik to promising SME offerings, investors have plenty of opportunities to explore. Whether you’re looking at large-scale investments or smaller, high-growth potential stocks, this week’s IPOs offer something for everyone. As always, reviewing the details and assessing the risks before making any investment decisions is important. Stay tuned for further updates and insights on these IPOs as they begin their market journey.
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.
The ₹114.24-crore Nisus Finance Services IPO has seen strong investor participation since it opened for bidding on Wednesday. On Day 1, the IPO was fully subscribed within hours, with the overall subscription reaching 3.13 times by the end of the day.
The momentum continued into Day 2, with the subscription rising to 7.08 times by 11 AM. Retail investors accounted for a significant portion of the demand, subscribing 10.48 times their allotted shares. This early response highlights investor interest in the company, offering shares in a price band of ₹170 to ₹180 each, with a minimum lot size of 800 shares. Let’s explore in detail what the Nisus Finance IPO has to offer.
Nisus Finance IPO Details:
The ₹114.24-crore Nisus Finance Services IPO opened for bidding on Wednesday and quickly gained attention, achieving full subscription on its first day. The SME IPO includes a fresh issue of 56.46 lakh shares, raising ₹101.62 crore, with an offer-for-sale (OFS) of 7.01 lakh shares valued at ₹12.61 crore. The price band has been set between ₹170 and ₹180 per share, with investors required to apply for a minimum lot size of 800 shares, translating to a minimum investment of ₹1,44,000.
Key milestones in the IPO timeline include finalizing share allotment status by December 9, refunding non-allottees on December 10, and listing on the BSE SME platform on December 11.
Subscription Status
On its opening day, the IPO achieved a subscription rate of 3.13 times, with bids for 1,31,44,800 shares against the 42,05,600 shares on offer. Retail investors showed significant enthusiasm, contributing a subscription rate of 10.48 times. By 11 AM on Day 2, the IPO had garnered an overall subscription of 7.08 times, indicating strong market interest.
The current GMP for the Nisus Finance Services IPO is ₹55 (as of December 5, 2024, 9:59 AM). Based on the upper price band of ₹180, the estimated listing price is ₹235, reflecting a 30.56% gain per share.
Objectives of the IPO
The company plans to utilize the net proceeds from the IPO for:
Infrastructure Expansion:
Setting up operations in IFSC-Gift City (India), DIFC-Dubai (UAE), and FSC-Mauritius.
Distribution and Fundraising:
Covering distribution and placement costs for fund creation in Indian and international markets.
Capital Augmentation:
Strengthening the capital base of its associate company, Nisus Fincorp Private Limited (an RBI-registered NBFC).
General Corporate Purposes:
Supporting operational and expansion needs.
Company Overview
Nisus Finance Services Co. Limited, headquartered in India, was established in 2013. Operating under the ‘Nisus Finance Group’/’NiFCO’ brand, the company offers:
Transaction Advisory Services.
Real Estate and Urban Infrastructure Fund Management: Through subsidiaries like Nisus Finance & Investment Managers LLP and Nisus Finance International Advisors IFSC LLP.
Financing: Via its NBFC subsidiary, Nisus Fincorp Private.
The company has a diversified operational framework, engaging in asset management and financing across multiple geographies, including India, Dubai, and Mauritius.
Nisus Finance Services demonstrated an improved growth:
Revenue Growth: Increased by 266.16% between FY23 and FY24.
Profit After Tax (PAT): Achieved a staggering 663.29% growth over the same period.
This financial momentum underscores the company’s ability to capitalize on its transaction advisory and financing niche.
SWOT Analysis of Nisus Finance Services
STRENGTHS
WEAKNESSES
Diversified Portfolio: Engaged in advisory services, asset management, and financing.
Geographical Reach: Operations in India and international financial hubs.
Robust Financial Growth: Consistent revenue and PAT increases signal strong market positioning.
High Dependency on Real Estate: The company’s significant exposure to the real estate sector makes it vulnerable to market fluctuations.
Limited Brand Recognition: As a relatively new player, it may face challenges in competing with established financial giants.
OPPORTUNITIES
THREATS
Government Initiatives: Benefiting from policies like “Atmanirbhar Bharat” promoting self-reliance.
Global Expansion: Strategic presence in international financial centers opens up avenues for foreign investments.
Regulatory Risks: Changes in financial and real estate regulations could impact operations.
Market Competition: Intense competition from other NBFCs and financial service providers.
Final Thoughts
The ₹114.24-crore Nisus Finance Services IPO has demonstrated a promising start, reflecting investor confidence in its growth story and expansion plans. With a clear focus on leveraging technology, strengthening its capital base, and exploring international markets, the company is positioning itself for long-term success.
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.
The IPO market is abuzz with activity today as two highly anticipated offerings—one from the mainboard and another from the SME segment—reach their final day of bidding. Ganesh Infraworld IPO, representing the SME sector, has generated significant investor attention with an oversubscription of 21 times in just two days.
Suraksha Diagnostic IPO has also performed steadily on the mainboard, reflecting growing interest across market segments. As investors evaluate their options, let’s dive into the performance metrics of these two IPOs, including the latest subscription status and grey market premium (GMP) trends, to understand how they’re shaping up in the closing hours.
Ganesh Infraworld IPO
Ganesh Infraworld IPO is a book-built issue aimed at raising ₹98.58 crores. This is a fresh issue consisting of 118.77 lakh shares. The IPO opened for subscription on November 29, 2024, and will close on December 3, 2024. The allotment is expected to be finalized on December 4, 2024, with the listing scheduled on NSE SME for December 6, 2024.
The IPO requires a minimum lot size of 1,600 shares. Retail investors must invest at least ₹132,800, while HNIs must invest a minimum of ₹265,600 for 2 lots (3,200 shares).
As of the end of Day 2, the Ganesh Infraworld IPO has been subscribed 21.53 times overall. The retail investor portion saw the highest enthusiasm, with subscriptions reaching 33.02 times. Non-institutional investors (NII) followed closely, subscribing 18.72 times their allocated quota.
The qualified institutional buyers (QIB) segment, typically slower in early bidding, has also shown strong interest with a 3.51x subscription. As of 16:28 IST, the IPO had received bids for 16,11,47,200 shares against the 74,86,400 shares on offer, reflecting robust demand across all investor categories. Source:Mint
GMP (Grey Market Premium)
As of December 3, 2024, the grey market premium (GMP) for Ganesh Infraworld IPO is ₹68. Based on this, the estimated listing price is ₹151 per share, implying a substantial premium over the cap price of ₹83. Source: MoneyControl
Objectives of the IPO
The proceeds from the IPO will be utilized as follows:
To meet long-term working capital requirements.
For general corporate purposes.
Company Overview
Incorporated in 2017, Ganesh Infraworld Limited is a construction company with expertise across diverse sectors, including civil, industrial, residential, and commercial infrastructure. Its key business segments include:
Civil and Electrical Infrastructure Projects:
Construction of offices, hospitals, medical colleges, and commercial complexes.
Electrification of substations, power distribution lines, and installation of heavy machinery in power plants.
Road and Rail Infrastructure Development:
Road construction projects involving excavation, concrete layering, and finishes like seal coats.
Rail projects involving overhead equipment (OHE) design, testing, and commissioning.
Water Infrastructure Development:
Installation of water pipelines, reservoirs, and pumping systems.
Key projects include participation in the “Har Ghar Jal Mission” in Uttar Pradesh during 2022-23.
The company provides end-to-end EPC services, including planning, design, material supply, and project execution. Operating across multiple states like Rajasthan, Maharashtra, and Uttar Pradesh, Ganesh Infraworld boasts a clientele that includes prominent firms such as Magnum Ventures Limited and Jain International Power Limited.
Suraksha Diagnostic’s IPO comprises an Offer for Sale (OFS) of 19,189,330 equity shares, valued at ₹846.25 crore at the upper price band of ₹441 per share. This OFS will see the promoters and investor shareholders divest their stakes with no fresh issue of shares. The price band for the IPO is set at ₹420-₹441.
Ahead of the IPO, the company raised ₹254 crore from anchor investors, further solidifying its appeal among institutional participants. The IPO closes on December 3, 2024.
The IPO witnessed moderate investor interest during the first two days.
Day 1 (November 29, 2024): The IPO was subscribed 11% overall. The Retail Individual Investor (RII) segment saw a subscription rate of 20%, while the Non-Institutional Investors (NII) quota was subscribed 4%. The Qualified Institutional Buyers (QIB) segment remained unsubscribed.
Day 2 (December 2, 2024): Subscription levels increased to 25%. Retail investors led the charge with a 45% subscription in their reserved quota, while the NII segment followed with 13%. The QIB portion remained unsubscribed by the end of the second day.
According to BSE data, the IPO received bids for 34 lakh shares against the 1.34 crore shares available for subscription. Source: Mint
Grey Market Premium (GMP)
Suraksha Diagnostic’s IPO currently shows a grey market premium (GMP) of ₹0, indicating no premium over its issue price. This reflects subdued interest from grey market participants, which may influence listing expectations.
Objectives of the IPO
The proceeds from this IPO will not benefit the company directly. Instead, as it is an Offer for Sale (OFS), the funds raised will go entirely to the selling shareholders.
Company Overview
Established as a comprehensive diagnostic service provider, Suraksha Diagnostic operates through an expansive network:
A central reference laboratory and 8 satellite laboratories.
194 customer touchpoints, which include 48 diagnostic centers and 146 franchise-operated sample collection centers.
Its footprint spans states like West Bengal, Bihar, Assam, and Meghalaya. The company offers services in pathology, radiology, and medical consultations.
Both Ganesh Infraworld and Suraksha Diagnostic IPOs have garnered attention for different reasons. While Ganesh Infraworld’s IPO has shown robust investor interest and significant oversubscription, Suraksha Diagnostic’s IPO has seen moderate traction, reflecting mixed sentiment.
The grey market premiums for both IPOs highlight contrasting expectations, with Ganesh Infraworld indicating positive listing potential and Suraksha Diagnostic suggesting subdued demand. Before deciding, it is crucial to evaluate the fundamentals and align them with long-term investment goals.
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.
With December upon us, the Indian stock market is gearing up for a month full of potential. Despite the current market volatility, we are set to see significant activity in the primary markets, with over 10 companies ready to launch their Initial Public Offerings (IPOs).
In addition, seven other companies are preparing to list their shares on stock exchanges. This diverse influx of sectors—retail, finance, healthcare, and technology—opens valuable opportunities for investors to diversify their portfolios and capitalize on potential growth in this dynamic environment.
Why does December stand out for IPOs?
Historically, year-end typically brings increased market activity. Investors seek to capitalize on new opportunities, while companies strive to conclude the year with a financial boost. December is often recognized for its market stability, making it an appealing time for initial public offerings (IPOs). Many investors use December to diversify their portfolios and strategize for the upcoming year.
Overview of the Upcoming IPOs in December
This December, several companies across various sectors are entering the public market. These IPOs, which include a mix of established firms and ambitious startups, promise to add diversity to the investment landscape.
Let’s delve deeper into the upcoming IPOs in December 2024 and understand them better.
Supermarket giant Vishal Mega Mart is preparing to make a significant splash in the primary market with its Rs 8,000 crore IPO. Scheduled for mid-December, this offering is entirely an Offer for Sale (OFS), with promoter Samayat Services LLP looking to offload its stake. The proceeds from the IPO will not benefit the company directly but will allow the promoter to capitalize on Vishal Mega Mart’s growth and market position.
This IPO is expected to attract considerable interest, given the company’s established presence in the retail sector. With a widespread network of stores nationwide and a strong focus on value-for-money products, Vishal Mega Mart appeals to the price-sensitive Indian consumer.
Offer Size: Rs 8,000 crore
Purpose: Stake offloading by the promoter
2. International Gemological Institute (IGI) IPO
The International Gemological Institute, a global diamond certification and grading leader, is another highly anticipated IPO. Owned by US private equity giant Blackstone, IGI plans to raise Rs 4,000 crore through its public offering. The IPO comprises a fresh issue of Rs 1,250 crore and an OFS component of Rs 2,750 crore.
The funds raised will acquire IGI Belgium and IGI Netherlands, reinforcing IGI’s global footprint in the gemological space. Additionally, part of the proceeds will go toward general corporate purposes. IGI’s IPO is expected to appeal to investors seeking exposure to the growing luxury goods and certification services market.
Offer Size: Rs 4,000 crore
Purpose: Acquisitions and corporate funding
3. Avanse Financial Services IPO
Avanse Financial Services, a Non-Banking Financial Company (NBFC) specializing in education loans, plans to raise Rs 3,500 crore. The IPO will consist of a fresh issue of Rs 1,000 crore and an OFS of Rs 2,500 crore. The fresh issue proceeds will bolster the company’s capital base, enabling it to meet the increasing demand for education financing.
Avanse has carved out a niche by offering tailored financial solutions for students, covering everything from tuition fees to living expenses. The company’s growth trajectory, underpinned by India’s expanding education sector, makes this IPO attractive for investors seeking long-term growth.
Offer Size: Rs 3,500 crore
Purpose: Capital base augmentation
Other Notable IPOs in December 2024
4. Property Share Investment Trust REIT
Property Share Investment Trust is set to raise Rs 352.91 crore through a fresh issue. The REIT offers investors a unique opportunity to gain exposure to high-quality commercial real estate without the need to buy the property outright.
This IPO, with a price band of Rs 10,00,000 to Rs 10,50,000 per share, targets high-net-worth individuals and institutional investors. The funds will acquire and manage income-generating properties, giving investors regular dividends and capital appreciation.
Open Date: Dec. 2
Close Date: Dec. 4
Listing Date: Dec. 9
5. Nisus Finance Services Co. IPO
Nisus Finance Services Co. will launch its Rs 114.24 crore IPO, offering shares at a price band of Rs 170-180 per share. The company provides innovative financial solutions, including real estate funding and structured credit.
By participating in this IPO, investors can tap into the growing demand for alternative financing in India, particularly in the real estate sector, which is undergoing significant growth.
Open Date: Dec. 4
Close Date: Dec. 6
Listing Date: Dec. 11
6. Emerald Tyre Manufacturers IPO
Emerald Tyre Manufacturers is set to raise Rs 49.26 crore through its IPO. The company targets small and mid-sized investors with a price band of Rs 90-95 per share. Emerald Tyre specializes in producing durable and cost-effective tires for domestic and international markets.
Given the increasing demand for automotive components, particularly in emerging markets, this IPO presents a promising opportunity for investors looking to benefit from the growth of the automobile industry.
Open Date: Dec. 5
Close Date: Dec. 9
Listing Date: Dec. 12
December 2024 IPO Listings
Several companies that launched their IPOs in November are slated to list in December, offering investors a chance to trade these newly issued stocks:
Ganesh Infraworld (Dec. 6)
Suraksha Diagnostic (Dec. 6)
Agarwal Toughened Glass India (Dec. 9)
Apex Ecotech (Dec. 10)
Abha Power and Steel (Dec. 12)
Rajputana Biodiesel (Dec. 15)
Rajesh Power Services (Dec. 16)
These listings are expected to bring liquidity and further excitement to the market, offering opportunities for both short-term gains and long-term investments.
Why December IPOs Are Exciting for Investors
December’s lineup of IPOs offers diverse opportunities across sectors such as retail, finance, real estate, and manufacturing. Each company has a unique value proposition, allowing investors to tailor their portfolios to their risk appetite and investment goals.
Moreover, year-end IPOs often benefit from heightened investor participation, as many look to close their annual financial planning on a high note. Companies like Vishal Mega Mart and IGI, with their strong brand presence and growth strategies, stand out as potential winners.
Tips for Investing in December IPOs
Research Thoroughly: Delve into the company’s financials, industry position, and growth prospects.
Understand the Risks: IPO investments come with risks; carefully evaluate market conditions and company valuations.
Diversify Your Portfolio: Don’t put all your eggs in one basket. Spread your investments across different sectors.
Monitor Allotments and Listing Gains: Know the allotment process and potential listing day gains.
How to Apply for an IPO in India
Ready to invest? Follow these steps:
Open a Demat Account
Select the IPO
Apply via ASBA or UPI
Wait for Allotment
Conclusion
December 2024 is shaping up to be a thrilling month for IPO enthusiasts. With a robust lineup spanning various industries, there’s something for every investor. Whether you seek growth stories like Vishal Mega Mart or steady income through REITs, the upcoming IPOs offer many opportunities.
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 the significance of an Offer for Sale (OFS) in an IPO?
An OFS allows existing shareholders, often promoters, to sell their stakes. It provides liquidity to shareholders without diluting the company’s equity.
Are December IPOs a safe bet for investors?
While IPOs can offer high returns, they also come with risks. Investors should carefully assess the company’s fundamentals and market conditions before investing.
How can retail investors apply for an IPO?
Retail investors can apply through their bank’s ASBA service or via UPI-enabled applications provided by brokers.
What factors should I consider before investing in an IPO?
Key factors include the company’s financial health, business model, market potential, and the broader economic environment.
Can IPO investments help diversify my portfolio?
Investing in IPOs can introduce new sectors and industries to your portfolio, enhancing diversification and potentially reducing risk.
Have you been keeping track of the market’s recent swings? You’re not alone if you’re feeling uncertain amid fluctuating numbers and shifting trends. Despite a turbulent trading session on November 27, the markets showed resilience, with both the Nifty 50 and Sensex closing positively. Here’s a closer look at how the day unfolded, the global cues influencing investor sentiment, and updates on the much-anticipated Enviro Infra IPO allotment.
Domestic Market Performance
The domestic benchmark indices exhibited notable volatility throughout the day. The Sensex rose by 230.02 points (0.29%) to close at 80,234.08, while the Nifty 50 gained 80.40 points (0.33%), settling at 24,274.90. This upward trend reflects the market’s underlying strength despite mixed global signals.
One factor that contributed to the day’s performance was the rebound in Adani Group stocks. However, this was partially offset by underperforming heavyweights, leading to a dynamic trading environment marked by frequent fluctuations. Investors remain optimistic, buoyed by strong earnings expectations for the second half of FY25, which continue to drive a healthy consolidation phase in Indian equities. Source: Business Standard
Global markets provided a mixed bag of cues, with Wall Street experiencing a decline due to concerns surrounding inflation and Federal Reserve policies.
In the U.S., consumer spending increased solidly in October, signaling sustained economic growth. However, progress in reducing inflation appeared stalled, prompting traders to anticipate a 25-basis-point rate cut at the Federal Reserve’s December meeting. While this expectation is positive, traders predict the Fed will leave rates unchanged in January and March 2025.
Dow Jones Industrial Average fell 136.31 points (0.31%) to 44,723.23.
S&P 500 declined 22.85 points (0.38%) to 5,998.78.
Nasdaq Composite lost 113.80 points (0.59%) to 19,061.78.
Technology stocks were the primary targets, with Dell slumping 12% and HP dropping nearly 6% after weaker-than-expected forecasts. Mega-cap stocks like Nvidia and Microsoft also faced downward pressure.
In the Asia-Pacific region, markets opened mixed. South Korea’s Kospi managed a modest recovery, up by 0.15%, after the Bank of Korea unexpectedly cut its interest rate. Meanwhile, Japan’s Nikkei dipped 0.30%, and Australia’s ASX 200 posted gains of 0.43%. Source: Business Standard
Key Developments in Commodities
Commodity markets witnessed notable shifts driven by geopolitical developments and currency fluctuations.
Oil prices edged lower on Wednesday as traders assessed the potential impact of a ceasefire agreement between Israel and Hezbollah and looked ahead to the OPEC+ meeting scheduled for Sunday. Speculation is mounting that the group may delay a planned output increase. Brent crude futures inched up 0.03% to $72.83 per barrel, while U.S. WTI crude slipped 0.07% to close at $68.72 per barrel.
Gold prices rebounded from a one-week low, supported by a weaker U.S. dollar. Spot gold was up 0.2%, trading at $2,635.99 per ounce, while U.S. gold futures gained 0.7% to reach $2,638.60 per ounce.
Spotlight on Enviro Infra Engineers IPO Allotment
The primary market continues to buzz with activity, capturing the interest of investors across various categories. Among the key highlights is the Enviro Infra Engineers IPO, which garnered overwhelming demand during its three-day bidding period. The issue saw an overall subscription of 89.90 times, driven by robust participation from all investor segments:
The allotment status for the Enviro Infra Engineers IPO will be announced today, and market participants are keenly awaiting the results. Given the strong subscription figures, the IPO has already built a reputation as one of the most sought-after offerings in the current cycle. Source: Livemint
Other IPOs in Action
Meanwhile, several other IPOs are making headlines. The Agarwal Toughened Glass India IPO (SME) opened for subscription today, offering retail and institutional investors an opportunity to explore this niche segment. On the other hand, the allotment status for Rajesh Power Services IPO (SME) is also expected to be finalized today. The SME IPO was oversubscribed 59 times.
Additionally, two other small and medium enterprise IPOs—Abha Power and Steel and Apex Ecotech—are currently in the second day of their subscription period. These IPOs have garnered notable interest, particularly from smaller investors looking to diversify into emerging sectors.
Today marks the final day of subscription for the Rajputana Biodiesel IPO (SME). This offering has drawn attention for its focus on sustainable energy solutions, an area increasingly favored by environmentally conscious investors.
Overall, the primary market’s vibrant activity signals sustained confidence among investors, driven by sectoral diversity, growth potential, and robust market sentiment. Investors are advised to stay informed about allotment announcements and monitor listing performances to evaluate the full impact of these IPOs on their portfolios.
What Lies Ahead?
As we approach year-end, investors will closely monitor global economic data, central bank decisions, and geopolitical developments. The domestic market continues to demonstrate resilience, underscored by healthy consolidation and robust earnings expectations. With IPO activity buzzing and key global events on the horizon, the markets promise an eventful finish to 2024.
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.
Were you one of the investors eagerly awaiting the allotment status of NTPC Green Energy’s IPO? The allotment has been finalized, and the IPO has garnered significant attention due to its focus on renewable energy and its strong financial performance.
In this article, we’ll explain how to check your allotment status, share insights on the latest grey market premium (GMP), and update you on the company’s listing date.
NTPC Green Energy IPO Details
The IPO of NTPC Green Energy, a Delhi-based renewable energy company, opened for bidding between November 19 and November 22, 2024. With a price band of ₹102-₹108 per share and a lot size of 138 shares, the company raised a total of ₹10,000 crore. This IPO was an entirely fresh issue comprising 92,59,25,926 equity shares.
Subscription Status
The IPO received decent interest from investors, with an overall subscription of 2.55 times by the final day:
Retail Investors: Subscribed 3.59 times the allotted quota.
The strong response from retail and institutional investors reflects confidence in NTPC Green Energy’s renewable energy initiatives.
NTPC Green Energy IPO GMP Today
The Grey Market Premium (GMP) for NTPC Green Energy IPO currently stands at ₹111 per share, approximately 2.78% higher than the upper price band ₹108. While the GMP fluctuates based on market sentiment, it suggests a modest premium over the issue price, pointing to a steady listing outlook.
Company Overview
Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited, India’s largest power producer. The company focuses on renewable energy projects through both organic development and acquisitions.
As of August 31, 2024, NTPC Green Energy operates:
3,071 MW from solar projects
100 MW from wind projects across six states
By June 30, 2024, the company’s portfolio expanded to 14,696 MW, including:
2,925 MW of operational projects
11,771 MW of contracted and awarded projects
With strong backing from NTPC Limited and an experienced team, NTPC Green Energy is well-poised to lead India’s renewable energy transition.
The company has shown remarkable growth. Revenue increased by 1,094.19% between FY23 and FY24, indicating its capability to scale operations and generate significant profits in a competitive renewable energy sector.
Listing Date
NTPC Green Energy’s shares are scheduled to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Wednesday, November 27, 2024. Investors eagerly await this listing to assess its market performance.
Select NTPC Green Energy Limited in the dropdown menu.
Choose a mode to check the status:
Application Number
Demat Account Number
PAN ID
Specify your application type: ASBA or Non-ASBA.
Enter the required details and complete the captcha verification.
Click Submit to access your allotment status.
What to Expect After Allotment
If you have been allotted shares, you will receive a confirmation from your broker or the registrar. Once the shares are listed on the stock exchange, you can start trading them. Remember to watch the stock market news and announcements from NTPC Green Energy for any updates or important information.
Conclusion
The NTPC Green Energy IPO has drawn significant attention for its focus on renewable energy and robust financial performance. With allotment finalizations completed and listing just days away on November 27, 2024, investors can look forward to observing its market debut.
The modest Grey Market Premium (GMP) hints at stable market sentiment, reflecting cautious optimism and confidence in the company’s long-term potential.
For investors, staying updated on listing day developments and carefully monitoring the stock’s performance post-listing will be crucial. As NTPC Green Energy continues to expand its renewable energy footprint, its IPO marks a significant milestone in India’s green energy journey.
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.
The Indian SME IPO market is heating up! This week, six companies are set to make their public market debut, including Rajesh Power Services, Rajputana Biodiesel, Apex Ecotech, Abha Power and Steel, Agarwal Toughened Glass India, and Ganesh Infraworld. With a combined target of ₹410 crores, these IPOs offer a diverse range of investment opportunities. Let’s explore what each IPO has to offer and why they could be worth your attention.
Rajesh Power Services IPO
Rajesh Power Services IPO is a public offering to raise ₹160.47 crores. This involves a fresh issue of shares worth ₹93.47 crores and an offer for sale of shares worth ₹67.00 crores. The IPO will open for subscription on November 25, 2024, and close on November 27, 2024. The shares are expected to list on the BSE SME on December 2, 2024. Investors can apply for a minimum of 400 shares, with a minimum investment of ₹134,000.
Purchase of cable identification, testing, and fault location equipment.
Setting up a 1300 KW DC Solar Power Plant.
Development of expertise in Green Hydrogen production and associated equipment like Electrolysers.
Additional Working Capital Requirements.
General Corporate Purposes.
Grey Market Premium Rajesh Power Services IPO (GMP)
As of November 25, 2024, the GMP for Rajesh Power Services IPO is ₹90. This indicates a potential listing price of ₹425 per share, offering a potential return of 26.87%.
Overview of Rajesh Power Services IPO Company
Established in 1971, Rajesh Power Services Limited is a leading provider of consultancy services to state transmission and distribution companies, private utilities, and industries. The company specializes in:
EHV Underground Cables and Transmission Lines
EHV AIS/GIS Substations
HV/MV/LV Underground Cable Laying and Overhead MVCC Conductor Installation
Distribution Network Revamping
Power Supply Arrangements for Solar Power Plants
Operation and Maintenance Services
Rajesh Power Services has a strong client base, including prominent names such as GIFT City, Gujarat Metro Rail Corporation, IFFCO, Adani Renewables, Reliance Industries, Torrent Power, and more.
Financial Strength
Rajesh Power Services has demonstrated strong financial performance in recent years. Between FY23 and FY24, the company’s revenue increased by 39.72%, and its profit after tax (PAT) surged by 285.44%. This growth trajectory highlights the company’s robust financial position and its potential for future growth
SWOT Analysis of Rajesh Power Services
STRENGTHS
WEAKNESSES
Long-standing presence in the power sector since 1971
Diverse client base, including government entities and private giants.
Strong revenue and profit growth trajectory. Expertise in renewable energy and IT-driven energy solutions.
Focus on project-based revenue, which can be cyclical.
High capital expenditure requirements for scaling operations.
OPPORTUNITIES
THREATS
Expansion in renewable energy with growing demand for solar and green hydrogen projects.
Rising government focus on infrastructure development and sustainability.
Potential for growth in IT-based power management solutions.
Competitive market with several established players in EPC and power consulting.Regulatory risks in the energy sector.
Volatility in raw material and operational costs.
Rajputana Biodiesel IPO
Rajputana Biodiesel is set to raise ₹24.70 crores through its IPO. The entire issue is a fresh issue of 19 lakh shares. The IPO will open for subscription on November 26, 2024, and close on November 28, 2024. The shares are expected to list on the NSE SME on December 3, 2024. Investors can apply for a minimum of 1000 shares, with a minimum investment of ₹130,000.
The funds raised from the IPO will be utilized for:
Loaning to a subsidiary company for expansion of its manufacturing facility
Funding working capital requirements
General corporate purposes
Grey Market Premium of Rajputana Biodiesel IPO (GMP)
As of November 25, 2024, the GMP for Rajputana Biodiesel IPO is ₹70. This indicates a potential listing price of ₹200 per share, offering a potential return of 53.85%.
Company Overview
Founded in 2016, Rajputana Biodiesel is a biofuel producer and supplier. The company’s primary products include bio-diesel, glycerine, and fatty acids. Its manufacturing facility, located in Rajasthan, has an approved capacity of 30 kiloliters per day and a current installed capacity of 24 kiloliters per day.
Financial Strength
Rajputana Biodiesel has demonstrated strong financial growth. Between FY23 and FY24, the company’s revenue increased by 128%, and its profit after tax (PAT) surged by 168%. This i growth trajectory highlights the company’s robust financial position and its potential for future growth.
SWOT Analysis of Rajputana Biodiesel
STRENGTHS
WEAKNESSES
Significant growth in revenue and profitability.
Strong and diverse product portfolio in biofuels and related products.
Established manufacturing facility with significant production capacity.
Single production facility.
High reliance on subsidiary (NEPL) for scaling operations.
OPPORTUNITIES
THREATS
Consistent growth in demand for biofuels due to environmental concerns and government policies.
Potential for expansion into international markets for biodiesel and by-products.
Increasing adoption of waste-to-energy solutions, such as used cooking oil.
Rising competition in the biofuels market.
Price volatility in raw materials like cooking oil and methanol.
Regulatory and policy risks in the renewable energy sector.
APEX Ecotech IPO
Apex Ecotech is set to raise ₹25.54 crores through its IPO. The entire issue is a fresh issue of 34.99 lakh shares. The IPO will open for subscription on November 27, 2024, and close on November 29, 2024. The shares are expected to list on the NSE SME on December 4, 2024. Investors can apply for a minimum of 1600 shares, with a minimum investment of ₹116,800.
The funds raised from the IPO will be utilized for:
Meeting working capital requirements
General corporate purposes
Meeting public issue expenses
Grey Market Premium (GMP)
As of November 25, 2024, the GMP for Apex Ecotech IPO is ₹0. This indicates a potential listing price of ₹73 per share.
Company Overview
Founded in 2009, Apex Ecotech specializes in providing water and wastewater treatment solutions. The company offers a range of services, including:
Raw water treatment
Effluent and sewage treatment
Sludge dewatering
Wastewater recycling
Zero Liquid Discharge (ZLD) systems
Operation and maintenance services
Apex Ecotech has a strong customer base, including renowned companies like Aditya Birla Group, Ashok Leyland, Apotex Research, and many more. The company has successfully implemented ZLD systems achieving high recovery rates for water reuse.
Financial Strength
Apex Ecotech has achieved significant financial growth. Its revenue and profit after tax (PAT) witnessed impressive growth rates of 53.1% and 88.31%, respectively, between FY23 and FY24. This strong financial performance positions the company for future success.
SWOT Analysis of Apex Ecotech
STRENGTHS
WEAKNESSES
Strong expertise in water and wastewater treatment
Diversified client base, including reputed companies
Proven track record in delivering complex projects Focus on sustainable and eco-friendly solutions Strong financial performance and growth prospects
Availability of a limited number of key personnel Potential exposure to regulatory changes and environmental risks
Competition from established players in the industry.
OPPORTUNITIES
THREATS
Growing demand for water and wastewater treatment solutionsIncreasing focus on environmental sustainability
Expansion into new markets and geographies Potential for partnerships and collaborations with other companies
Economic slowdown or recession Fluctuations in raw material prices
Intense competition from established players Potential for technological disruptions
Abha Power and Steel IPO
Abha Power and Steel is set to raise ₹38.54 crores through its IPO. This involves a fresh issue of shares worth ₹31.04 crores and an offer for sale of shares worth ₹7.50 crores. The IPO will open for subscription on November 27, 2024, and close on November 29, 2024. The shares are expected to list on the NSE SME on December 4, 2024. Investors can apply for a minimum of 1600 shares, with a minimum investment of ₹120,000.
The funds raised from the IPO will be utilized for:
Modernizing and upgrading manufacturing facilities
Funding working capital requirements
General corporate purposes
Grey Market Premium (GMP)
As of November 25, 2024, the GMP for Abha Power and Steel IPO is ₹0. This indicates a potential listing price of ₹75 per share.
Company Overview
Founded in 2004, Abha Power and Steel manufactures iron and steel products. The company’s product range includes mild steel, manganese steel, stainless steel, and low—and high-alloy castings.
The company’s manufacturing facility, located in Bilaspur, Chhattisgarh, has an installed capacity of 14,400 metric tonnes per annum. It caters to various industries, including steel, power, cement, and railways.
Financial Strength
Abha Power and Steel’s financial performance has been mixed. Between FY23 and FY24, the company’s revenue decreased by 6%, while its profit after tax (PAT) increased by 170%. This indicates potential growth opportunities but also highlights challenges in revenue growth.
SWOT Analysis of Abha Power and Steel
STRENGTHS
WEAKNESSES
Experienced management team
Diverse product rangeStrong customer base in various industries ISO 9001:2015 certification
Dependence on a few key customers
Exposure to fluctuations in raw material prices Potential for operational challenges
OPPORTUNITIES
THREATS
Growing demand for steel products in IndiaGovernment initiatives to boost the manufacturing sector
Potential for expansion into new product segments and markets
Intense competition from established players
Economic slowdown or recession
Changes in government policies and regulations
Agarwal Toughened Glass India IPO
Agarwal Toughened Glass India is set to raise ₹62.64 crores through its IPO, which is a fresh issue of 58 lakh shares. The IPO will open for subscription on November 28, 2024, and close on December 2, 2024. The shares are expected to list on the NSE SME on December 5, 2024. Investors can apply for a minimum of 1200 shares, with a minimum investment of ₹129,600.
The funds raised from the IPO will be utilized for:
Purchasing machinery for the existing manufacturing unit
Repaying borrowings
Meeting working capital requirements
General corporate expenses
Grey Market Premium (GMP) of Agarwal Toughened Glass IPO
As of November 25, 2024, the GMP for Agarwal Toughened Glass India IPO is ₹10. This indicates a potential listing price of ₹118 per share, offering a possible return of 9.26%.
Company Overview of Agarwal Toughened Glass IPO
Incorporated in 2009, Agarwal Toughened Glass India is a manufacturer of tempered glass products. The company’s products find applications in various industries, including:
Shower doors
Refrigerator trays
Mobile screen protectors
Bulletproof glass for diving masks
Plates and cookware
The company is ISO 9001:2015 certified and caters to a diverse clientele, including offices, hotels, institutions, banks, and more.
Financial Strength
Agarwal Toughened Glass India’s financial performance has been mixed. Between FY23 and FY24, the company’s revenue decreased slightly by 0.25%, while its profit after tax (PAT) surged by 795.66%, indicating significant improvement in profitability. However, revenue growth remains challenging.
SWOT Analysis of Agarwal Toughened Glass India
STRENGTHS
WEAKNESSES
Extensive product portfolio catering to diverse industries.
ISO 9001:2015 certification, ensuring quality management standards.
Strong profitability growth (nearly 8x PAT increase year-on-year).Established testing and quality control processes.
Decline in revenue growth in FY 2023-24, reflecting possible challenges in market demand or pricing.
Dependency on industrial clients, making it vulnerable to economic cycles.
OPPORTUNITIES
THREATS
Growing demand for tempered glass across residential and commercial projects.
Expansion opportunities in international markets for specialized glass products.
Increasing usage of glass in innovative applications, such as smart homes and automotive technology.
Fierce competition from numerous players in the glass manufacturing industry.
Vulnerability to fluctuations in raw material costs, which can erode profit margins.
Potential impact of evolving regulations on industrial glass applications.
Ganesh Infraworld IPO
Ganesh Infraworld is set to raise ₹98.58 crores through its IPO, which is a fresh issue of 118.77 lakh shares. The IPO will open for subscription on November 29, 2024, and close on December 3, 2024. The shares will list on the NSE SME on December 6, 2024. Investors can apply for a minimum of 1600 shares, with a minimum investment of ₹132,800.
The funds raised from the IPO will be utilized for:
Meeting long-term working capital requirements
General corporate purposes
Grey Market Premium (GMP) of Ganesh Infraworld IPO
As of November 25, 2024, the GMP for Ganesh Infraworld IPO is ₹9. This indicates a potential listing price of ₹92 per share, offering a potential return of 10.84%.
Company Overview
Incorporated in 2017, Ganesh Infraworld is a construction company offering a wide range of construction services. The company specializes in:
Civil and Electrical Infrastructure Projects: Construction of residential, commercial, and industrial buildings, as well as electrical infrastructure projects like substations and power lines.
Road and Rail Infrastructure Development Projects: Construction of roads and railway infrastructure, including OHE installation.
Water Infrastructure Development Projects: Construction of water distribution systems, water treatment plants, and reservoirs.
Ganesh Infraworld has a diverse client base, including government organizations and private companies. The company operates in various states across India.
Financial Strength
Ganesh Infraworld has demonstrated strong financial growth. Between FY23 and FY24, the company’s revenue increased by 116%, and its profit after tax (PAT) surged by 198%. This growth trajectory highlights the company’s robust financial position and its potential for future growth.
STRENGTHS
WEAKNESSES
Diverse expertise across civil, electrical, rail, and water infrastructure projects.
Strong financial performance with significant revenue and profit growth.
Established relationships with key clients in multiple industries.
Dependence on government projects like Har Ghar Jal Mission, which are subject to policy changes.
High operational costs in EPC services, potentially impacting margins.
OPPORTUNITIES
THREATS
Increasing demand for infrastructure development in India, especially in water distribution and railways.
Potential for expanding operations into untapped states and regions.
Opportunities to secure contracts under government initiatives promoting infrastructure development.
Competition from established players in the construction and EPC sectors.
Regulatory and environmental approvals could delay project timelines.
Vulnerability to economic cycles impacting infrastructure investment.
Conclusion:
As the Indian SME IPO market continues to gain momentum, this week’s offerings present a diverse range of investment opportunities. While these IPOs hold promise, investors must conduct thorough research or consult with financial advisors to make informed investment decisions. By understanding the fundamentals of each company, their growth potential, and the risks involved, investors can navigate this exciting market and potentially reap significant rewards.
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.
What goes into building smarter systems for defense, security, and aerospace? Companies like C2C Advanced Systems lead the charge with their innovative platforms and global competitiveness. From combat management systems to digital transformation initiatives, they’re carving a unique space in cutting-edge technology.
With their Rs.99.07 crore IPO making headlines, let’s explore what sets them apart and why the buzz around C2C Advanced Systems is hard to ignore.
The C2C Advance Systems IPO is a fresh issue of 43.846 lakh shares. The allotment of shares is expected to be finalized on 27 November 2024, and the shares will tentatively be listed on 29 November 2024 on NSE EMERGE, a platform started by NSE SME. The platform offers emerging businesses a streamlined way to raise equity capital from a broad range of investors, helping them unlock value and scale.
C2C Advance Systems IPO Allotment
The C2C Advance Systems IPO issue is expected to raise Rs.97.07 crore, with Rs.2,19,600 shares reserved for the market maker. Market makers are brokers registered with the stock exchange who ensure the continuous buying and selling of securities at set prices. The remaining 41,64,000 shares make up the Net Issue. The Public and Net issues will represent 26.34% and 25.02% of the company’s post-issue equity capital, respectively.
The minimum lot size for the issue is 600 shares. Retail investors must invest at least ₹135,600, while HNI investors must apply for 1,200 shares (₹271,200). Mark Corporate Advisors Pvt. Ltd. and Beeline Capital Advisors Pvt. Ltd. are the lead managers for the C2C Advanced Systems IPO. Link Intime India Pvt. Ltd. is the registrar, and Spread X Securities is the market maker for the issue. The allotment proportions for the issue are as follows-
Qualified Institutional Buyers (QIBs)
Not more than 50% of the net issue (20,82,000)
Non-Institutional Investors
Not less than 15% (6,24,600 shares) of the net issue
The company plans to utilize the net proceeds from the IPO for various purposes, including purchasing fixed assets (hardware and software) for its current operations and Dubai Experience Centre (₹1,473.10 lakhs).
Additionally, ₹458.00 lakhs will be allocated towards fit-outs for its new Bengaluru premises and Dubai Experience Centre, ₹160.00 lakhs for a security deposit at the new Bengaluru premises, and ₹4,600.00 lakhs to meet its working capital requirements. Source: Company RHP
Grey Market Premium
The Grey Market Premium (GMP) for the C2C Advanced Systems SME IPO indicates strong demand before its listing. As of 22nd November 2024, the GMP stood at ₹245, reflecting an upward trend from ₹200 on 14th November, based on nine sessions of grey market activity.
This marks ₹200 as the lowest and ₹245 as the highest GMP recorded. With the current GMP of ₹245, the estimated listing price is ₹471 per share, representing a 108.41% premium over the IPO price of ₹226. Source: Live Mint
Company Overview
C2C Advanced Systems Limited, formerly C2C – DB Systems Private Limited, was founded in 2018. The company specializes in defense electronics, focusing on indigenously developed defense products in India. Its core strengths include C4I systems for situational awareness, AI/ML-based analytics, real-time data integration, and embedded/FPGA designs. C2C’s business model centers on four main services:
Virtual Maintenance: Creating systems that integrate subsystems, providing real-time data for defense leaders to act upon.
Virtual Logistics: Delivering systems with COTS electronic boards and custom engineering designed to survive harsh conditions.
AI/ML Technology: Applying AI/ML in all products and as standalone solutions.
Virtual Supply Chain: Developing software that turns real-time sensor data into actionable insights.
The company’s products include Combat Management Systems, C4I Systems, Anti-Drone Command Systems, Air Defense Subsystems, and Integrated Platform and Vessel Management Systems.
Financial Overview Of C2C Advance Systems Limited:
The company’s revenue has increased since its operating revenue of Rs.34.69 lakhs in FY2022. The operating income for the financial year ending March 2024 was Rs.41.05 crore.
2. Profit Trend:
The company’s net profit has risen since its loss of Rs.2.38 crore in FY2022. As of FY2024, it earned a net profit of Rs.12.39 crore.
Others:
As of FY2024, the company’s net worth stands at Rs.76.45 crore, which rose to Rs.86.18 crore as of the half-year period ending September 2024. Its Earnings per Share (EPS) was Rs.15.85, and the net asset value per equity share was Rs.62.38 for the same year (FY2024).
SWOT Analysis:
STRENGTHS
WEAKNESSES
Technological Expertise: C2C Advance Systems possesses strong expertise in defense electronics and cutting-edge technologies like AI/ML.
Focus on Indigenous Development: The company’s focus on indigenously developed defense products aligns with the government’s “Make in India” initiative.
Diversified Product Portfolio: The company’s diverse product portfolio, from combat management systems to anti-drone systems, positions it for growth in various defense segments.
Strong Financial Performance: The company has recently shown significant revenue and net profit growth.
Government Support: The Indian government’s increasing focus on defense modernization and indigenization creates favorable market conditions.
Limited Market Presence: As a relatively new company, C2C Advance Systems may face challenges expanding its market presence and customer base.
Dependency on Government Contracts: The company’s revenue may rely heavily on government contracts, subject to budgetary constraints and policy changes.
Competition from Established Players: The defense industry is dominated by established players, both domestic and international, which can pose competition for C2C Advance Systems.
OPPORTUNITIES
THREATS
Growing Defense Budget: The Indian government’s increasing defense budget allows the company to secure new contracts.
Emerging Technologies: AI, ML, and IoT advancements can be leveraged to develop innovative products and solutions.
Global Expansion: The company can explore opportunities in international markets, particularly in countries with growing defense budgets.
Joint Ventures and Partnerships: Collaborating with established players can help the company access new markets and technologies
Geopolitical Risks: Geopolitical tensions and conflicts can impact the demand for defense products and services.
Economic Slowdown: An economic slowdown can affect government spending on defense and impact the company’s revenue.
Regulatory Hurdles: Stringent regulatory requirements and compliance issues can hinder the company’s growth.
Cybersecurity Threats: The company operates in a technology-intensive sector, making it vulnerable to cyberattacks and damaging its reputation and operations.
Bottomline:
The company provides digital transformation systems and services with specialized features tailored to client needs. Its focus on critical product development and servicing allows it to maintain strong margins. The management is confident it can continue its success after completing its ongoing expansion. However, before considering the IPO, it’s important to research the company’s financials and industry factors thoroughly. Consulting a registered advisor can help you make the best decision 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 & the certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Have you been tracking developments in the renewable energy sector? If you’re interested in green energy or the stock market, you may want to know more about NTPC Green Energy Limited’s upcoming IPO.
With an issue size of ₹10,000 crore, it has caught the attention of many industry watchers and market participants. This IPO marks a significant move for NTPC Green Energy, offering investors an opportunity to engage with a company focused on renewable energy solutions. Here’s a detailed breakdown of everything you need to know about this offering.
NTPC Green Energy IPO Details
NTPC Green Energy’s ₹10,000 crore IPO is a fresh issue of 92.59 crore shares, opening for subscription from November 19, 2024, to November 22, 2024. The price band is set at ₹102 to ₹108 per share, with a minimum lot size of 138 shares, requiring a retail investment of at least ₹14,904.
For small non-institutional investors (sNII), the minimum investment is 14 lots (1,932 shares), amounting to ₹208,656, while big non-institutional investors (bNII) need to invest in a minimum of 68 lots (9,384 shares), totaling ₹1,013,472. The shares are scheduled to list on the BSE and NSE on November 27, 2024.
Qualified Institutional Buyers (QIBs)
Not less than 75% of the Net Issue
Non-Institutional Investors (HNIs)
Not more than 15.00% of the Net Issue
Retail Investors
Not more than 10% of the Net Issue
Objectives of the IPO
The company intends to use the net proceeds from the IPO for the following purposes:
Investment in NTPC Renewable Energy Limited (NREL): To fund the repayment or prepayment of certain borrowings availed by NREL.
General Corporate Purposes: To strengthen the company’s financial position and operational flexibility.
Grey Market Premium (GMP)
The Grey Market Premium (GMP) for NTPC Green Energy’s unlisted shares stood at ₹1, translating to a premium of 0.93% over the upper end of the price band. This is a dip from the ₹3 premium recorded on November 14, 2024, reflecting fluctuating investor sentiment in the grey market. Source: Business Standard
Company Overview
Incorporated in April 2022, NTPC Green Energy Limited is a wholly-owned subsidiary of NTPC Limited, India’s largest power producer. Focused on renewable energy, the company undertakes projects through both organic development and strategic acquisitions. As of August 31, 2024, NTPC Green Energy has an operational capacity of 3,071 MW from solar projects and 100 MW from wind projects across six states.
By June 30, 2024, its portfolio had expanded to 14,696 MW, comprising 2,925 MW of operating projects and 11,771 MW of contracted and awarded projects. The company is currently constructing 31 renewable energy projects across seven states, totaling 11,771 MW. With 15 off-takers engaged across 37 solar and 9 wind projects, NTPC Green Energy has established a strong market presence.
Backed by NTPC Limited’s extensive experience in large-scale project execution and supported by a highly skilled team, NTPC Green Energy is well-positioned to deliver on its vision of advancing renewable energy solutions.
Financial Strength
NTPC Green Energy has demonstrated strong financial growth:
Revenue Growth: A staggering increase of 1,094.19% between FY23 and FY24.
Strong Backing: Supported by NTPC Limited, ensuring financial and operational reliability.
Large Portfolio: A diversified renewable energy portfolio of 14,696 MW across solar and wind projects.
Execution Expertise: Proven track record in large-scale renewable energy projects.
Sector Dependency: Heavily reliant on the renewable energy sector, making it vulnerable to sector-specific risks.
Revenue Concentration: A significant portion of revenue depends on key off-takers.
OPPORTUNITIES
THREATS
Rising Demand for Renewable Energy: With increasing global focus on sustainable energy, the company is well-positioned to capitalize on the demand.
Government Support: Strong government push towards renewable energy adoption and infrastructure development.
Market Competition: Intense rivalry from established and emerging players in the renewable energy space.
Regulatory Risks: Changes in government policies or tariffs could impact revenue streams.
Conclusion
NTPC Green Energy’s ₹10,000 crore IPO is a significant step for the renewable energy arm of NTPC Limited. With its expansive portfolio and backing from India’s largest power producer, the company is poised to make a mark in the renewable energy sector. However, market conditions and competitive dynamics will play a crucial role in determining the IPO’s success.
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?
