The IPO frenzy continues as India’s primary market gears up for another action-packed week. A total of 11 new companies are set to debut, including two highly anticipated mainboard listings and nine SME IPOs. Collectively, these companies are aiming to raise a substantial ₹900.13 crore.
Adding to the excitement, 14 listings are scheduled, featuring notable names like Arkade Developers, Northern Arc Capital, and Western Carriers, which have already garnered significant investor interest. Let’s dive into the details of these upcoming IPOs and see what they offer.
Manba Finance Ltd. IPO
| Offer Price | ₹114 – ₹120 per share |
| Face Value | ₹10 per share |
| Opening Date | 23 September 2024 |
| Closing Date | 25 September 2024 |
| Total Issue Size (in Shares) | 12,570,000 |
| Total Issue Size (in ₹) | ₹150.84 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 125 Shares |
| Listing at | BSE, NSE |
Manba Finance Limited is offering a book built issue of ₹150.84 crores. The IPO is scheduled to be listed on both BSE and NSE, with the allotment expected on September 26th and the listing tentatively set for September 30th. The minimum lot size is 125 shares, requiring a minimum investment of ₹15,000 for retail investors. For HNIs, the minimum lot size investment is ₹210,000 for sNII and ₹1,005,000 for bNII.
Objectives of Manba Finance IPO
Manba Finance plans to use the IPO proceeds to augment its capital base and meet future capital requirements.
Manba Finance GMP
The current grey market premium (GMP) for Manba Finance is ₹60. This suggests that the company’s shares are trading at a premium of ₹60 in the grey market, indicating positive investor sentiment. Based on the IPO price band and the GMP, the estimated listing price is ₹180, which is 50% higher than the IPO price.
Company Overview
Manba Finance Limited is a non-banking finance company (NBFC-BL) that offers financial solutions for new and used two-wheelers, three-wheelers, electric two-wheelers, electric three-wheelers, small business loans, and personal loans. They primarily target employees and the self-employed, tailoring their offerings to each customer category. The company finances up to 85% of the vehicle’s purchase price and has branches in urban, semi-urban, and metropolitan areas. They have established relationships with over 1,100 dealers, including 190 EV dealers.
Financial Strength
Manba Finance has shown strong financial growth, with revenue increasing by 44% and profit after tax (PAT) rising by 90% between FY23 and FY24. This indicates the company’s ability to generate revenue and manage its costs effectively.
SWOT Analysis of Manba Finance Ltd IPO.
| STRENGTHS | WEAKNESSES |
| Manba Finance has a seasoned management team with expertise in the NBFC sector. The company offers a range of financial products catering to different customer segments. Their established relationships with over 1,100 dealers provide a solid customer base. The company’s focus on electric vehicles and small business loans aligns with emerging market trends. | While they have a presence in multiple regions, concentration in certain areas might limit their growth potential. The NBFC sector is subject to various regulations, which can impact the company’s operations. The NBFC industry is competitive, with numerous players offering similar financial services. |
| OPPORTUNITIES | THREATS |
| The increasing demand for financial services, particularly in rural areas, can drive growth for Manba Finance. The company can explore opportunities to expand its operations to new regions or segments. Leveraging technology can improve efficiency and customer experience. | A slowdown in the economy can impact demand for financial services. Higher interest rates can increase the cost of funds for NBFCs, affecting profitability. Banks are also offering similar financial products, intensifying competition. |
KRN Heat Exchanger and Refrigeration Limited IPO
| Offer Price | ₹209 – ₹220 per share |
| Face Value | ₹10 per share |
| Opening Date | 25 September 2024 |
| Closing Date | 27 September 2024 |
| Total Issue Size (in Shares) | 15,543,000 |
| Total Issue Size (in ₹) | ₹341.95 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 65 Shares |
| Listing at | BSE, NSE |
KRN Heat Exchanger is offering a book built issue of ₹341.95 crores. The IPO is scheduled to be listed on both BSE and NSE, with the allotment expected on September 30th and the listing tentatively set for October 3rd. The minimum lot size is 65 shares, requiring a minimum investment of ₹14,300 for retail investors. For HNIs, the minimum lot size investment is ₹200,200 for sNII and ₹1,001,000 for bNII.
Objectives of KRN Head Exchanger IPO
KRN Heat Exchanger plans to use the IPO proceeds to:
- Invest in its wholly-owned subsidiary, KRN HVAC Products Pvt Ltd, to set up a new manufacturing facility in Neemrana, Rajasthan.
- General corporate purposes
KRN Head Exchanger GMP
The current grey market premium (GMP) for KRN Heat Exchanger is ₹223. This suggests that the company’s shares are trading at a premium of ₹223 in the grey market, indicating positive investor sentiment. Based on the IPO price band and the GMP, the estimated listing price is ₹443, which is 101.36% higher than the IPO price.
Company Overview
KRN Heat Exchanger and Refrigeration Limited is a leading manufacturer of fin and tube-type heat exchangers. They manufacture copper and aluminum fins and copper tubes heat exchangers, water coils, condenser coils, and evaporator coils. The company’s products are used in the domestic, commercial, and industrial HVAC&R industry. They export their products to countries including UAE, USA, Italy, Saudi Arabia, Norway, Czech Republic, Germany, UK, and more.
Financial Strength
KRN Heat Exchanger has shown strong financial growth, with revenue increasing from ₹250.02 crores in FY23 to ₹313.60 crores in FY24 and profit after tax rising from ₹31.51 crores to ₹39.88 crores. This indicates the company’s ability to generate revenue and manage its costs effectively.
SWOT Analysis of KRN Heat Exchanger and Refrigeration Limited
| STRENGTHS | WEAKNESSES |
| KRN Heat Exchanger is a leading manufacturer of fin and tube-type heat exchangers, with a strong market presence. The company offers a wide range of heat exchanger products for various applications. KRN Heat Exchanger has a reputable customer base, including well-known companies in the HVAC&R industry. The company’s exports to various countries demonstrate its global reach and competitiveness. | The company’s operations may be concentrated in a specific region, limiting its potential for growth. Reliance on the HVAC&R industry could make the company vulnerable to fluctuations in that sector. |
| OPPORTUNITIES | THREATS |
| Increasing focus on energy efficiency can drive demand for heat exchangers. Government initiatives for infrastructure development can create new opportunities for the company’s products. KRN Heat Exchanger can explore opportunities to expand its operations in new regions or industries. | The market for heat exchangers is competitive, with other players offering similar products. Fluctuations in the cost of raw materials, such as copper and aluminum, can impact the company’s profitability. New technologies or alternative cooling solutions could pose a threat to the traditional heat exchanger market. |
WOL 3D India Ltd. IPO
| Offer Price | ₹142 to ₹150 per share |
| Face Value | ₹10 per share |
| Opening Date | 23 September 2024 |
| Closing Date | 25 September 2024 |
| Total Issue Size (in Shares) | 1,704,000 |
| Total Issue Size (in ₹) | ₹25.56 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 1000 Shares |
| Listing at | NSE, SME |
WOL 3D India Limited is offering a book built issue of ₹25.56 crores. The IPO includes a fresh issue of ₹21.78 crores and an offer for sale of ₹3.78 crores. The shares will be listed on NSE SME, with the allotment expected on September 26th and the listing tentatively set for September 30th. The minimum lot size is 1000 shares, requiring a minimum investment of ₹150,000 for retail investors and ₹300,000 for HNIs.
Objectives of WOL 3D India Ltd. IPO
WOL 3D India plans to use the IPO proceeds for:
- Repayment of outstanding borrowings
- Funding working capital requirements
- General corporate purposes
GMP
The current grey market premium (GMP) for WOL 3D is ₹65. This suggests that the company’s shares are trading at a premium of ₹65 in the grey market, indicating positive investor sentiment. Based on the IPO price band and the GMP, the estimated listing price is ₹215, which is 43.33% higher than the IPO price.
Company Overview
WOL 3D India Limited is a company that provides 3D printing solutions for various sectors, including manufacturing, education, engineering, architecture, interior design, fashion design, product design, medical, and dental. They offer a range of products, including 3D printers, scanners, engravers, pens, filaments, resins, prototyping services, and more. The company sells its products through e-commerce platforms and retail outlets.
Financial Strength
WOL 3D India has shown strong financial growth, with revenue increasing by 69% and profit after tax (PAT) rising by 109% between FY23 and FY24. This indicates the company’s ability to generate revenue and manage its costs effectively.
SWOT Analysis of WOL 3D India Ltd.
| STRENGTHS | WEAKNESSES |
| WOL 3D offers a wide range of 3D printing solutions, catering to various industries and applications. The company’s presence on e-commerce platforms and retail outlets provides easy access to customers. 3D printing is a growing industry, and WOL 3D’s focus on this technology positions them for future growth. The company has demonstrated strong financial growth in recent years. | The 3D printing industry is competitive, with established players and emerging competitors. Customers may be price-sensitive, limiting the company’s ability to increase prices significantly. Reliance on evolving 3D printing technology can pose risks if the company fails to adapt. |
| OPPORTUNITIES | THREATS |
| The demand for 3D printing solutions is expected to increase across various sectors. 3D printing can enable customization and personalization of products, creating new market opportunities. Emerging applications in fields like healthcare, aerospace, and automotive can drive growth. | Rapid advancements in 3D printing technology can render existing products obsolete. Protecting intellectual property related to 3D printing can be challenging. A slowdown in the economy can impact demand for 3D printing services. |
Rappid Valves (India) Limited IPO
| Offer Price | ₹210 – ₹222 per share |
| Face Value | ₹10 per share |
| Opening Date | 23 September 2024 |
| Closing Date | 25 September 2024 |
| Total Issue Size (in Shares) | 1,369,800 |
| Total Issue Size (in ₹) | ₹30.41 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 600 Shares |
| Listing at | NSE, SME |
Rappid Valves (India) Limited is offering a book built issue of ₹30.41 crores. The IPO is scheduled to be listed on NSE SME, with the allotment expected on September 26th and the listing tentatively set for September 30th. The minimum lot size is 600 shares, requiring a minimum investment of ₹133,200 for retail investors and ₹266,400 for HNIs.
Objectives of Rappid Valves IPO
Rappid Valves plans to use the IPO proceeds for:
- Capital expenditure for purchasing new plant and machinery and software
- Renovation of the registered office and existing manufacturing unit
- Repayment or prepayment of outstanding borrowings
- Inorganic growth initiatives (acquisitions)
- General corporate purposes
Rappid Valves (India) Limited IPO GMP
The current grey market premium (GMP) for Rappid Valves is ₹0. This suggests that the company’s shares are not trading at a premium in the grey market, and they are expected to be listed flat at the IPO price.
Company Overview
Rappid Valves (India) Limited is a manufacturer of valve solutions, offering a variety of valves made from ferrous and non-ferrous materials. The company’s manufacturing unit is equipped with modern machinery to support a seamless manufacturing process.
Financial Strength
Rappid Valves has shown strong financial growth, with revenue increasing by 123% and profit after tax (PAT) rising by 807% between FY23 and FY24. This indicates the company’s ability to generate revenue and manage its costs effectively.
SWOT Analysis of Rappid Valves (India) Limited IPO
| STRENGTHS | WEAKNESSES |
| Rappid Valves offers a wide range of valve solutions, catering to diverse customer needs. The company’s well-equipped manufacturing unit ensures efficient production and quality control. The company has demonstrated strong financial growth, with significant increases in revenue and profitability. | The company’s operations may be concentrated in a specific region, limiting its potential for growth. The valve manufacturing industry is competitive, with numerous players offering similar products. Reliance on specific industries for customers can make the company vulnerable to fluctuations in those sectors. |
| OPPORTUNITIES | THREATS |
| Government initiatives for infrastructure development can create new opportunities for valve manufacturers. Growth in various industries can drive demand for valve solutions. Rappid Valves can explore opportunities to expand its exports to new markets. | A slowdown in the economy can impact demand for industrial products, including valves. Fluctuations in the cost of raw materials can affect the company’s profitability. New technologies or alternative valve solutions could pose a threat to the traditional valve market. |
TechEra Engineering Limited IPO
| Offer Price | ₹75 to ₹82 per share |
| Face Value | ₹10 per share |
| Opening Date | 25 September 2024 |
| Closing Date | 27 September 2024 |
| Total Issue Size (in Shares) | 4,377,600 |
| Total Issue Size (in ₹) | ₹35.90 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 1600 Shares |
| Listing at | NSE, SME |
TechEra Engineering Limited is offering a book built issue of ₹35.90 crores. The IPO is scheduled to be listed on NSE SME, with the allotment expected on September 30th and the listing tentatively set for October 3rd. The minimum lot size is 1600 shares, requiring a minimum investment of ₹131,200 for retail investors and ₹262,400 for HNIs.
Objectives of TechEra Engineering Ltd. IPO
TechEra Engineering plans to use the IPO proceeds for:
- Capital expenditure for purchasing new machinery
- Funding working capital requirements
- Repayment or prepayment of outstanding borrowings
- General corporate purposes
- Issue expenses
TechEra Engineering Limited IPO GMP
The current grey market premium (GMP) for TechEra Engineering is ₹10. This suggests that the company’s shares are trading at a premium of ₹10 in the grey market, indicating positive investor sentiment. Based on the IPO price band and the GMP, the estimated listing price is ₹92, which is 12.20% higher than the IPO price.
Company Overview
TechEra Engineering Limited is a company that designs, manufactures, and supplies precise tooling and components for the aerospace and defense industries. They also provide automation system solutions. The company uses advanced manufacturing technologies to meet the needs of its target sectors.
Financial Strength
TechEra Engineering has shown strong financial growth, with revenue increasing by 47% and profit after tax (PAT) rising by 270% between FY23 and FY24. This indicates the company’s ability to generate revenue and manage its costs effectively.
SWOT Analysis of TechEra Engineering Limited IPO
| STRENGTHS | WEAKNESSES |
| TechEra Engineering focuses on the aerospace and defense industries, catering to a specialized market. The company utilizes advanced manufacturing technologies, ensuring high-quality products. TechEra has demonstrated strong financial growth, with significant increases in revenue and profitability. | Reliance on the aerospace and defense sectors might make the company vulnerable to fluctuations in those industries. The market for precision tooling and components is competitive, with established players. The aerospace and defense industries are subject to strict regulations, which can impact operations. |
| OPPORTUNITIES | THREATS |
| The global demand for aerospace and defense products is expected to increase. New technologies in manufacturing and automation can create opportunities for TechEra. The company can explore opportunities in related industries, such as automotive or energy. | A slowdown in the global economy can impact demand for aerospace and defense products. Geopolitical tensions or conflicts can affect the demand for defense-related products. Disruptions in the supply chain, such as those caused by pandemics or natural disasters, can impact operations. |
Unilex Colours and Chemicals Limited IPO
| Offer Price | ₹82 – ₹87 per share |
| Face Value | ₹10 per share |
| Opening Date | 25 September 2024 |
| Closing Date | 27 September 2024 |
| Total Issue Size (in Shares) | 3,600,000 |
| Total Issue Size (in ₹) | ₹31.32 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 1600 Shares |
| Listing at | NSE, SME |
Unilex Colours and Chemicals Limited is offering a book built issue of ₹31.32 crores. The IPO is scheduled to be listed on NSE SME, with the allotment expected on September 30th and the listing tentatively set for October 3rd. The minimum lot size is 1600 shares, requiring a minimum investment of ₹139,200 for retail investors and ₹278,400 for HNIs.
Objectives of the IPO
Unilex Colours and Chemicals plans to use the IPO proceeds for:
- Funding working capital requirements
- Repayment of outstanding borrowings
- General corporate purposes
Unilex Colours and Chemicals Limited IPO GMP
The current grey market premium (GMP) for Unilex Colours and Chemicals is ₹0. This suggests that the company’s shares are not trading at a premium in the grey market, and they are expected to be listed flat at the IPO price.
Company Overview
Unilex Colours and Chemicals Limited is a manufacturer of pigments and food colors. They market their products under the brand name “Unilex” and have a manufacturing unit in Palghar, Maharashtra. The company’s manufacturing facility is certified with ISO 9001:2015 for quality management.
Financial Strength
Unilex Colours and Chemicals has shown steady financial growth, with revenue increasing by 3% and profit after tax (PAT) rising by 24% between FY23 and FY24. This indicates the company’s ability to generate revenue and manage its costs effectively.
SWOT Analysis of Unilex Colours and Chemicals Limited IPO
| STRENGTHS | WEAKNESSES |
| Unilex offers a wide range of pigments and food colors, catering to various industries. The company has a well-established manufacturing facility with experienced personnel. ISO 9001:2015 certification demonstrates the company’s commitment to quality. | The company’s operations may be concentrated in a specific region, limiting its potential for growth. The market for pigments and food colors is competitive, with numerous players. Fluctuations in the cost of raw materials can impact the company’s profitability. |
| OPPORTUNITIES | THREATS |
| Increasing industrialization and consumer demand can drive growth in the pigments and food colors market. Developing new and innovative pigment and color solutions can differentiate Unilex from competitors. The company can explore opportunities to expand its exports to new regions. | A slowdown in the economy can impact demand for pigments and food colors. Stricter environmental regulations can affect the manufacturing process and increase costs. New technologies or alternative colorants could impact the market. |
Thinking Hats Entertainment Solutions Limited
| Offer Price | ₹42 – ₹44 per share |
| Face Value | ₹10 per share |
| Opening Date | 25 September 2024 |
| Closing Date | 27 September 2024 |
| Total Issue Size (in Shares) | 3,429,000 |
| Total Issue Size (in ₹) | ₹15.09 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 3000 Shares |
| Listing at | NSE, SME |
Thinking Hats Entertainment Solutions Limited is offering a book built issue of ₹15.09 crores. The IPO is scheduled to be listed on NSE SME, with the allotment expected on September 30th and the listing tentatively set for October 3rd. The minimum lot size is 3000 shares, requiring a minimum investment of ₹132,000 for retail investors and ₹264,000 for HNIs.
Objectives of Thinking Hats Entertainment Solutions IPO
Thinking Hats Entertainment Solutions plans to use the IPO proceeds for:
- Repayment of outstanding borrowings
- Funding working capital requirements
- General corporate purposes
Thinking Hats Entertainment Solutions Limited IPO GMP
The current grey market premium (GMP) for Thinking Hats Entertainment Solutions is ₹20. This suggests that the company’s shares are trading at a premium of ₹20 in the grey market, indicating positive investor sentiment. Based on the IPO price band and the GMP, the estimated listing price is ₹64, which is 45.45% higher than the IPO price.
Company Overview
Thinking Hats Entertainment Solutions Limited is a company that specializes in concept development, event design, and production for live events, corporate functions, MICE, social and virtual events, as well as OTT content production and experiential marketing. They focus on content development, intellectual property curation, and tech-centric product development. The company has produced content for OTT platforms like Netflix, Amazon, Sony Liv, MX Player, Disney+Hotstar, Voot, Zee5, and others. Their clients include Tata Group, Goldman Sachs, McDonalds, Uber, and media brands like The Times of India, HT Media, Network 18 Media & Investments, Radio Mirchi, and Fever Entertainment.
Financial Strength
Thinking Hats Entertainment Solutions has shown steady financial growth, with revenue increasing by 20% and profit after tax (PAT) rising by 54% between FY23 and FY24. This indicates the company’s ability to generate revenue and manage its costs effectively.
SWOT Analysis of Thinking Hats Entertainment Solutions Limited IPO
| STRENGTHS | WEAKNESSES |
| Thinking Hats provides a wide range of services, including live events, corporate functions, MICE, virtual events, and OTT content production. The company’s team likely has experience in the entertainment and event management industry. Their client list includes reputable companies and media brands. The company’s focus on OTT content production and experiential marketing aligns with industry trends. | The entertainment and event management industry is competitive, with numerous players. The company’s revenue may be dependent on specific projects, which can impact profitability. Demand for certain types of events, such as corporate functions, may fluctuate seasonally. |
| OPPORTUNITIES | THREATS |
| The increasing popularity of OTT platforms and digital content can drive demand for content production services. Companies are increasingly investing in CSR activities, creating opportunities for event management and experiential marketing. New technologies can enhance event experiences and create new revenue streams. | A slowdown in the economy can reduce spending on events and entertainment. Evolving consumer preferences can impact the demand for certain types of events or content. Technological advancements, such as virtual reality and augmented reality, can disrupt traditional event formats. |
Divyadhan Recycling Industries Limited
| Offer Price | ₹60 – ₹64 per share |
| Face Value | ₹10 per share |
| Opening Date | 26 September 2024 |
| Closing Date | 30 September 2024 |
| Total Issue Size (in Shares) | 3,776,000 |
| Total Issue Size (in ₹) | ₹24.17 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 2000 Shares |
| Listing at | NSE, SME |
Divyadhan Recycling Industries Limited is offering a book built issue of ₹24.17 crores. The IPO is scheduled to be listed on NSE SME, with the allotment expected on October 1st and the listing tentatively set for October 4th. The minimum lot size is 2000 shares, requiring a minimum investment of ₹128,000 for retail investors and ₹256,000 for HNIs.
Objectives of Divyadhan Recycling Industries Limited IPO
Divyadhan Recycling Industries plans to use the IPO proceeds for:
- Capital expenditure
- General corporate purposes
- Issue expenses
Divyadhan Recycling Industries Limited IPO GMP
The current grey market premium (GMP) for Divyadhan Recycling Industries is ₹0. This suggests that the company’s shares are not trading at a premium in the grey market, and they are expected to be listed flat at the IPO price.
Company Overview
Divyadhan Recycling Industries Limited is a company that manufactures Recycled Polyester Staple Fiber (R-PSF) and Recycled Pellets from post-consumer PET bottles. The company’s manufacturing unit is located in Himachal Pradesh, with a total capacity of 8030 metric tons per annum for fiber and 4320 metric tons per annum for pellets.
Financial Strength
Divyadhan Recycling Industries has shown steady financial growth, with revenue increasing by 2% and profit after tax (PAT) rising by 10% between FY23 and FY24. This indicates the company’s ability to generate revenue and manage its costs effectively.
SWOT Analysis of Divyadhan Recycling Industries Limited IPO
| STRENGTHS | WEAKNESSES |
| The company’s focus on recycling PET bottles aligns with growing environmental concerns. Divyadhan has a well-established manufacturing unit with the necessary equipment and expertise. ISO 14001:2015 certifications demonstrate the company’s commitment to environmental management. | The company’s operations may be concentrated in a specific region, limiting its potential for growth. The availability and cost of post-consumer PET bottles can impact the company’s operations. The recycling industry is competitive, with other players focusing on similar products. |
| OPPORTUNITIES | THREATS |
| Increasing awareness of environmental issues can drive demand for recycled products. Government policies promoting recycling and sustainable practices can create favorable conditions for the company. Divyadhan can explore opportunities to diversify its product range and enter new markets. | Changes in the price of post-consumer PET bottles can affect profitability. Changes in environmental regulations or government policies can impact the company’s operations. .New recycling technologies or alternative materials could pose a threat. |
Sahasra Electronics Solutions Limited
| Offer Price | ₹269 to ₹283 per share |
| Face Value | ₹10 per share |
| Opening Date | 26 September 2024 |
| Closing Date | 30 September 2024 |
| Total Issue Size (in Shares) | 6,578,000 |
| Total Issue Size (in ₹) | ₹186.16 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 400 Shares |
| Listing at | NSE, SME |
Sahasra Electronics Solutions Limited is offering a book built issue of ₹186.16 crores. The IPO includes a fresh issue of ₹172.01 crores and an offer for sale of ₹14.15 crores. The shares will be listed on NSE SME, with the allotment expected on October 1st and the listing tentatively set for October 4th. The minimum lot size is 400 shares, requiring a minimum investment of ₹113,200 for retail investors and ₹226,400 for HNIs.
Objectives of Sahasra Electronics Solutions Limited IPO
Sahasra Electronics Solutions plans to use the IPO proceeds for:
- Capital expenditure for installing additional plant and machinery at a new manufacturing facility in Bhiwadi, Rajasthan
- Investment in its subsidiary, Sahasra Semiconductors Private Limited
- Funding working capital requirements
- General corporate purposes
Sahasra Electronics Solutions Limited IPO GMP
The current grey market premium (GMP) for Sahasra Electronics Solutions is ₹170. This suggests that the company’s shares are trading at a premium of ₹170 in the grey market, indicating positive investor sentiment. Based on the IPO price band and the GMP, the estimated listing price is ₹453, which is 60.07% higher than the IPO price.
Company Overview
Sahasra Electronics Solutions Limited is an electronic system design and manufacturing (ESDM) company that provides services such as PCB assembly, box build, and LED lighting. The company exports over 80% of its products to global manufacturers and has a manufacturing capacity of 1.8 million units through its EN 9100:2018 certified plant in Noida.
Financial Strength
Sahasra Electronics Solutions has shown exceptional financial growth, with revenue increasing by 866% and profit after tax (PAT) rising by 1315% between FY23 and FY24. This indicates the company’s ability to generate revenue and manage its costs effectively.
SWOT Analysis of Sahasra Electronics Solutions Limited
| STRENGTHS | WEAKNESSES |
| Sahasra Electronics has demonstrated exceptional financial growth, with significant increases in revenue and profitability. The company exports a significant portion of its products, indicating a strong market presence. The company’s EN 9100:2018 certified plant ensures quality and efficiency in manufacturing. Sahasra offers a variety of electronic products and solutions, catering to different customer needs. | The company’s operations may be concentrated in a specific region, limiting its potential for growth. Reliance on exports can make the company vulnerable to fluctuations in global demand. The electronics manufacturing industry is competitive, with numerous players offering similar products. |
| OPPORTUNITIES | THREATS |
| The global demand for electronic products and components is expected to continue growing. New technologies in electronics can create opportunities for Sahasra to develop innovative products. The company can explore opportunities to expand into new markets or industries. | A slowdown in the global economy can impact demand for electronic products. Disruptions in the supply chain, such as those caused by pandemics or geopolitical events, can affect operations. Changes in trade regulations or tariffs can impact exports. |
Forge Auto International Limited
| Offer Price | ₹102 to ₹108 per share |
| Face Value | ₹10 per share |
| Opening Date | 26 September 2024 |
| Closing Date | 30 September 2024 |
| Total Issue Size (in Shares) | 2,880,000 |
| Total Issue Size (in ₹) | ₹31.10 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 1200 Shares |
| Listing at | NSE, SME |
Forge Auto International Limited is offering a book built issue of ₹31.10 crores. The IPO is scheduled to be listed on NSE SME, with the allotment expected on October 1st and the listing tentatively set for October 4th. The minimum lot size is 1200 shares, requiring a minimum investment of ₹129,600 for retail investors and ₹259,200 for HNIs.
Objectives of Forge Auto International Limited IPO
Forge Auto International plans to use the IPO proceeds for:
- Funding working capital requirements
- Repayment of outstanding borrowings
- General corporate purposes
Forge Auto International Limited IPO GMP
The current grey market premium (GMP) for Forge Auto International is ₹0. This suggests that the company’s shares are not trading at a premium in the grey market, and they are expected to be listed flat at the IPO price.
Company Overview
Forge Auto International Limited is an engineering company that manufactures forged and precision-machined components for the auto industry and non-auto sectors. They offer products such as short and long forks, flange yokes, ball studs, gear blanks, and stub axle assemblies. The company serves both domestic and global OEMs and has shown a 27% CAGR in revenue from the sale of machined and forging products.
Financial Strength
Forge Auto International has shown steady financial growth, with revenue increasing by 2% and profit after tax (PAT) rising by 35% between FY23 and FY24. This indicates the company’s ability to generate revenue and manage its costs effectively.
SWOT Analysis of Forge Auto International Limited
| STRENGTHS | WEAKNESSES |
| Forge Auto International offers a diverse range of forged and precision-machined components for various industries. The company has expertise in manufacturing complex and safety-critical components. Forge Auto has a strong customer base, including both domestic and global OEMs. The company has shown steady growth in revenue and profitability. | Reliance on the automotive industry can make the company vulnerable to fluctuations in that sector. The market for forged and machined components is competitive, with numerous players. Fluctuations in the cost of raw materials can impact profitability. |
| OPPORTUNITIES | THREATS |
| The global automotive industry is expected to continue growing, creating opportunities for Forge Auto. Government initiatives for infrastructure development can drive demand for automotive components. The company can explore opportunities to diversify into new product segments or industries. | A slowdown in the economy can impact demand for automotive and other industrial products. New technologies or alternative materials could impact the demand for traditional forged components. Changes in regulations related to emissions or safety standards can affect the company’s operations. |
Saj Hotels Limited
| Offer Price | ₹65 per share |
| Face Value | ₹10 per share |
| Opening Date | 27 September 2024 |
| Closing Date | 1 October 2024 |
| Total Issue Size (in Shares) | 4,250,000 |
| Total Issue Size (in ₹) | ₹27.63 Cr |
| Issue Type | Fixed Price Issue IPO |
| Lot Size | 2000 Shares |
| Listing at | NSE, SME |
Saj Hotels Limited is offering a fixed price issue of ₹27.63 crores. The IPO is scheduled to be listed on NSE SME, with the allotment expected on October 3rd and the listing tentatively set for October 7th. The minimum lot size is 2000 shares, requiring a minimum investment of ₹130,000 for retail investors and ₹260,000 for HNIs.
Objectives of Saj Hotels Limited IPO
Saj Hotels plans to use the IPO proceeds for:
- Funding working capital requirements
- Repayment of outstanding borrowings
- General corporate purposes
Saj Hotels Limited IPO GMP
There has been no significant movement in the grey market premium (GMP) for Saj Hotels, suggesting a lack of substantial trading activity in the unlisted market.
Company Overview
Saj Hotels Limited is a hospitality company that offers a range of services, including resort accommodations, villa rentals, and restaurant and bar properties. The company owns or leases three resort properties, with two managed and operated by Saj and one leased to others. These resorts can host conferences, weddings, and social events. The company has also invested in My Own Rooms Dot In Private Limited, expanding its reach and diversifying its hospitality portfolio.
Financial Strength
Saj Hotels has shown steady financial growth, with revenue increasing by 13.52% between FY23 and FY24. However, profit after tax (PAT) dropped by 3.11% during the same period.
SWOT Analysis of Saj Hotels Limited IPO
| STRENGTHS | WEAKNESSES |
| Saj Hotels provides a variety of hospitality services, including resort accommodations, villa rentals, and event venues. The company has a presence in the hospitality industry for over four decades. Their resorts may be located in attractive destinations, offering scenic views and amenities. | The hospitality industry can be subject to seasonal fluctuations in demand, impacting revenue. The hospitality sector is competitive, with numerous hotels and resorts offering similar services. The company’s revenue may be dependent on tourism trends and economic conditions. |
| OPPORTUNITIES | THREATS |
| The increasing disposable income of Indians can drive domestic tourism and create opportunities for hospitality businesses. Saj Hotels can focus on attracting corporate events and conferences to generate consistent revenue. Leveraging digital marketing can help reach a wider audience and attract more customers. | A slowdown in the economy can reduce travel and leisure spending. Natural disasters or health crises can impact tourism and the hospitality industry. Increasing operating costs, such as labor and utilities, can affect profitability. |
New Listings this Week
This week is set to be a busy one for the stock market. A total of 14 companies are gearing up to make their debut. Three of these companies are highly anticipated mainboard IPOs, while the remaining 11 are from the SME segment. The IPOs span a variety of sectors, from real estate and retail to leasing and textiles.
| Mainboard IPO Listings | ||
| Name of the Company | Date of Listing | Listing At |
| Western Carriers Ltd | 24 Sept | BSE, NSE |
| Arkade Developers Ltd. | 24 Sept | BSE, NSE |
| Northern Arc Capital Ltd. | 24 Sept | BSE, NSE |
| SME IPO Listings | ||
| Popular Foundations | 24 Sept | BSE, SME |
| Deccan Transcon Leasing | 24 Sept | NSE, SME |
| Envirotech Systems | 24 Sept | NSE, SME |
| Pelatro | 24 Sept | NSE, SME |
| Osel Devices | 24 Sept | NSE, SME |
| Paramount Speciality Forgings | 25 Sept | NSE, SME |
| Kalana Ispat | 26Sept | NSE, SME |
| Avi Ansh Textile | 27 Sept | NSE, SME |
| Phoenix Overseas | 27 Sept | NSE, SME |
| SD Retail | 27 Sept | NSE, SME |
| BikeWo GreenTech | 27 Sept | NSE, SME |
Conclusion
As the week unfolds, investors will be closely watching the performance of these IPOs. The market’s response to these new offerings will provide valuable insights into investor sentiment and the overall health of the primary market.
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IPO | Current IPO | Upcoming IPO | Listed IPO
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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
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