{"id":42206,"date":"2024-08-12T14:14:58","date_gmt":"2024-08-12T08:44:58","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=42206"},"modified":"2025-11-10T13:33:08","modified_gmt":"2025-11-10T08:03:08","slug":"5-upcoming-ipos-in-august-3-ipo-listing-this-week","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/5-upcoming-ipos-in-august-3-ipo-listing-this-week\/","title":{"rendered":"5 Upcoming IPOs this Week: \u20b9257.32 Crores, Key Details Inside."},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p><\/p>\n\n\n\n<p>It&#8217;s an IPO bonanza this week! Investors are in for a treat as five new companies are set to hit the primary market, collectively seeking to raise a substantial \u20b9257.32 crores. This comes hot on the heels of the much-anticipated listings of FirstCry and Unicommerce, which concluded their subscription periods last week and are now gearing up to make their debut on the stock exchanges.&nbsp;<\/p>\n\n\n\n<p>With a flurry of IPOs and listings, it&#8217;s an exciting time for the Indian capital markets. Let&#8217;s dive into what investors can expect this week.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Upcoming IPO <strong>Saraswati Saree Depot <br><\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table class=\"has-white-color has-text-color has-background has-link-color\" style=\"background-color:#072563\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Offer Price<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9152 \u2013 \u20b9160 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Face Value<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b910 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Opening Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">12 August 2024<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Closing Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">14 August 2024<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in Shares)<\/td><td class=\"has-text-align-center\" data-align=\"center\">10,000,800<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in \u20b9)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9160.01 Cr<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Issue Type&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">Book Built Issue <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"167\">IPO<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Lot Size<\/td><td class=\"has-text-align-center\" data-align=\"center\">90 Shares<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Listing at&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.equentis.com\/blog\/explore-bombay-stock-exchange-what-is-bse-advantages-of-listing-and-investment-methods\/\">BSE<\/a>, <a href=\"https:\/\/www.equentis.com\/blog\/national-stock-exchange-of-india-functions-features-and-top-companies\/\">NSE<\/a><\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/aug-2024\/saraswati-saree-depot-limited-rhp_85538.html\" target=\"_blank\" rel=\"noopener\">SEBI<\/a><\/figcaption><\/figure>\n\n\n\n<p>Saraswati Saree Depot is set to raise Rs 160.01 crores through its <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"398\">IPO<\/a>. The offer includes fresh shares worth Rs 104 crores and an offer for selling shares worth Rs 56.02 crores. The <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"399\">IPO<\/a> opens on August 12 and closes on August 14, with allotment expected on August 16. The shares are set to list on BSE and NSE on August 20.<\/p>\n\n\n\n<p>Investors can apply for a minimum of 90 shares at a price band of Rs 152 to Rs 160 per share. Retail investors need to invest at least Rs 14,400.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Objectives of the IPO<\/strong><\/h3>\n\n\n\n<p>Saraswati Saree Depot plans to use the money raised from the <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"654\">IPO<\/a> for these purposes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Funding working capital requirements<\/li>\n\n\n\n<li>General corporate purposes<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>GMP<\/strong><\/h3>\n\n\n\n<p>The IPO\u2019s Grey Market Premium (GMP) is currently at Rs 60. Based on this, the estimated listing price is Rs 220, indicating a potential gain of 37.50% for investors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Company Overview<\/strong><\/h3>\n\n\n\n<p>Established in 1996, Saraswati Saree Depot is a leading player in the wholesale saree market. It offers a wide range of sarees and other women&#8217;s apparel. The company sources products from over 900 suppliers and caters to over 13,000 customers, primarily in Southern and Western India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financials<\/strong><\/h3>\n\n\n\n<p>The company has shown steady growth. Revenue increased by 2% in FY24 compared to FY23, while profit after <a href=\"https:\/\/www.equentis.com\/blog\/income-tax-concepts-the-ultimate-guide\/\">tax<\/a> surged by 29%. Notably, revenue grew by 9.5% from FY22 to FY23, accompanied by an impressive 86.7% increase in profit after tax.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXef2LTAy8XtMhteBhIzBaTsOWmR9Z_riGMxWpu919OMYoMDpQRP4YZN6Tg_2IZ60_TcSKxtV3EXr8nwFK_j6oe67cO1HxHJ2qLrIo6GXcY4CqBqo0B3UhlsTQXVxRyC7JUCD7wdK2yIulBtw2GZL7XuFIv3?key=707jfeTYg18k0oszQBpGTg\" alt=\"\" style=\"width:588px;height:auto\" title=\"\"><figcaption class=\"wp-element-caption\"><strong>Source: <\/strong><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/aug-2024\/saraswati-saree-depot-limited-rhp_85538.html\" target=\"_blank\" rel=\"noopener\"><strong>SEBI<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SWOT Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-white-color has-text-color has-background has-link-color\" style=\"background-color:#072563\"><tbody><tr><td><strong>STRENGTHS<\/strong><\/td><td><strong>WEAKNESSES<\/strong><\/td><\/tr><tr><td>Strong brand reputation<br>Diverse product range<br>Emphasis on quality<br>Experienced leadership<\/td><td>Limited geographic reach<br>Reliance on traditional saree market<br>Potential operational inefficiencies<\/td><\/tr><tr><td><strong>OPPORTUNITIES<\/strong><\/td><td><strong>THREATS<\/strong><\/td><\/tr><tr><td>Expansion into new markets<br>Leveraging e-commerce<br>Diversifying product offerings<br>Building strategic partnerships<\/td><td>Intense competition<br>Evolving consumer preferences<br>Economic uncertainties<br>Supply chain challenges<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Upcoming IPO <strong>Sunlite Recycling Industries Limited<\/strong><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table class=\"has-white-color has-text-color has-background has-link-color\" style=\"background-color:#072563\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Offer Price<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9100 \u2013 \u20b9105 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Face Value<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b910 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Opening Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">12 August 2024<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Closing Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">14 August 2024<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in Shares)<\/td><td class=\"has-text-align-center\" data-align=\"center\">2,880,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in \u20b9)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b930.24 Cr<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Issue Type&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">Book Built Issue <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"934\">IPO<\/a><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Lot Size<\/td><td class=\"has-text-align-center\" data-align=\"center\">1200 Shares<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Listing at&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">NSE SME<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/nsearchives.nseindia.com\/emerge\/corporates\/content\/SunliteRecyclingIndustriesLimited_RHP.pdf\" target=\"_blank\" rel=\"noopener\">NSE<\/a><\/figcaption><\/figure>\n\n\n\n<p>Sunlite Recycling Industries Limited is launching a fresh issue of 28.8 lakh shares. The <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/researchandranking\/ipos\" title=\"IPO\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"1024\">IPO<\/a> is expected to be finalized on Friday, August 16, 2024, and will be listed on the NSE SME, with a tentative listing date of Tuesday, August 20, 2024. The price band is between \u20b9100 to \u20b9105 per share. Retail investors can apply for a minimum of 1200 shares, which requires an investment of \u20b9126,000. High Net-worth Individuals (HNIs) must invest in at least two lots (2,400 shares), amounting to \u20b9252,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Objectives of the IPO<\/strong><\/h3>\n\n\n\n<p>The funds raised from the IPO will be used to achieve the following objectives:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Capital Expenditure:<\/strong> The company plans to install new plant and machinery to enhance its production capabilities.<\/li>\n\n\n\n<li><strong>Debt Repayment:<\/strong> A portion of the proceeds will be used to repay or prepay certain borrowings, reducing the company\u2019s debt burden.<\/li>\n\n\n\n<li><strong>General Corporate Purposes:<\/strong> The remaining funds will be allocated for general corporate purposes to support the company\u2019s ongoing operations and growth.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><br><strong>GMP<\/strong><\/h3>\n\n\n\n<p><br>As of August 12, 2024, the Grey Market Premium (GMP) for the Sunlite Recycling Industries IPO stands at \u20b925. With the price band set at \u20b9105, the estimated listing price is \u20b9130 per share, reflecting an expected gain of 23.81%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Company Overview<\/strong><\/h3>\n\n\n\n<p>Sunlite Recycling Industries Limited, established in 2012, specializes in manufacturing copper products by recycling copper scrap. The company serves the power generation, transmission, distribution, and electronics industries. Operating from a 12,152-square-meter facility in Kheda, Gujarat, Sunlite Recycling produces a wide range of copper items, such as rods, wires, and conductors, tailored to customer specifications.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financials<\/strong><\/h3>\n\n\n\n<p>Sunlite Recycling Industries has demonstrated strong financial performance over the last three fiscal years. Revenue has steadily increased from \u20b993,227.27 lakhs in FY22 to \u20b9116,655.09 lakhs in FY24, marking a consistent upward trend.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXc8Uq0pq3J2-Inr1hgZQiFB_rdESuHsLwUCY-Z-Yqrl0bw74Vu5Um8X4uuoryYBO7q5YLOyq4FtoRPMFGmSbO4DO0guhZqBaI5CSv6L2vY7CbxrPSjWCFPYjKqYT9jWcQQsuWkeuX2ryJJD6ZnX-Y0OUh8h?key=707jfeTYg18k0oszQBpGTg\" alt=\"\" style=\"width:612px;height:auto\" title=\"\"><figcaption class=\"wp-element-caption\"><strong>Source: <\/strong><a href=\"https:\/\/nsearchives.nseindia.com\/emerge\/corporates\/content\/SunliteRecyclingIndustriesLimited_RHP.pdf\" target=\"_blank\" rel=\"noopener\"><strong>SEBI<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n<p>The company\u2019s Profit After Tax (PAT) also showed significant growth, rising from \u20b9426.03 lakhs in FY22 to \u20b9890.36 lakhs in FY24, a 58.92% increase over the previous fiscal year. This growth reflects the company\u2019s ability to manage costs effectively while scaling its operations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SWOT Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-white-color has-text-color has-background has-link-color\" style=\"background-color:#072563\"><tbody><tr><td><strong>STRENGTHS<\/strong><\/td><td><strong>WEAKNESSES<\/strong><\/td><\/tr><tr><td>Established presence in copper recycling with over a decade of experience.<br>Diverse product portfolio catering to various industries.<br>Strategically located facility in Gujarat for efficient market access.<br>Consistent financial growth with rising revenue and PAT.<\/td><td>Limited geographic reach, primarily focused on Gujarat.<br>Dependence on copper scrap exposes the company to price fluctuations.<br>A small workforce may limit rapid expansion.<br>High debt-to-equity ratio (1.74), indicating reliance on debt financing.<\/td><\/tr><tr><td><strong>OPPORTUNITIES<\/strong><\/td><td><strong>THREATS<\/strong><\/td><\/tr><tr><td>Growing demand for copper products in key industries.<br>Potential benefits from government infrastructure and <a href=\"https:\/\/www.equentis.com\/blog\/top-renewable-energy-penny-stocks-in-india\/\">renewable energy<\/a> initiatives.<br>Technological advancements could enhance efficiency.<br>Expansion into export markets offers new growth avenues.<\/td><td>Market volatility in copper prices and scrap availability.<br>Regulatory changes, increasing compliance costs.<br>Intense competition in the copper recycling industry.<br>Economic downturns could reduce product demand.<br>Currency fluctuations may impact profitability in export markets.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Upcoming IPO <strong>Positron Energy Ltd. <br><\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table class=\"has-white-color has-text-color has-background has-link-color\" style=\"background-color:#072563\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Offer Price<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b9238 \u2013 \u20b9250 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Face Value<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b910 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Opening Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">12 August 2024<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Closing Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">14 August 2024<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in Shares)<\/td><td class=\"has-text-align-center\" data-align=\"center\">2,048,400<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in \u20b9)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b951.21 Cr<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Issue Type&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">Book Built Issue IPO<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Lot Size<\/td><td class=\"has-text-align-center\" data-align=\"center\">600 Shares<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Listing at&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">NSE SME<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/nsearchives.nseindia.com\/emerge\/corporates\/content\/PositronEnergyLimited_RHP.pdf\" target=\"_blank\" rel=\"noopener\">NSE<\/a><\/figcaption><\/figure>\n\n\n\n<p>The IPO opens on August 12th and closes on August 14th. You can apply for a minimum of 600 shares, which will set you back \u20b9150,000 at the lower end of the price band. The company aims to list on the NSE SME platform on August 20th.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Objectives of the IPO<\/strong><\/h3>\n\n\n\n<p>The funds raised through the IPO will be used to meet the company&#8217;s working capital requirements and for general corporate purposes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>GMP<\/strong><\/h3>\n\n\n\n<p>There&#8217;s a lot of buzz around the Positron Energy IPO, with the grey market premium (GMP) currently at \u20b9170. This suggests that investors expect the share price to open significantly higher than the issue price.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Company Overview<\/strong><\/h3>\n\n\n\n<p>The company&#8217;s expertise in the gas industry is a key strength. Their understanding of the sector and existing network give them an edge over competitors. However, the company faces challenges like competition from more prominent players and potential economic fluctuations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financials<\/strong><\/h3>\n\n\n\n<p>Positron Energy has seen impressive growth in recent years. Revenue has jumped by a massive 160%, and profits have tripled. This suggests that the company is doing well and expanding its business.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXeCIfw-UVujjhPf05SE86AlbahFhO9L_yLT60a088hm-u3YCabFFjY8v1_pxyBeYL7BSQOiYRWsQWAFXG0yMPo3gtfNgaM8HvoglSbkkJrQX2aU5qnW-2VB0GJQURIB38FZuAD_R0lalEcze1-kg9gSHjpL?key=707jfeTYg18k0oszQBpGTg\" alt=\"\" style=\"width:576px;height:auto\" title=\"\"><figcaption class=\"wp-element-caption\"><strong>Source: <\/strong><a href=\"https:\/\/nsearchives.nseindia.com\/emerge\/corporates\/content\/PositronEnergyLimited_RHP.pdf\" target=\"_blank\" rel=\"noopener\"><strong>SEBI<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SWOT Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-white-color has-text-color has-background has-link-color\" style=\"background-color:#072563\"><tbody><tr><td><strong>STRENGTHS<\/strong><\/td><td><strong>WEAKNESSES<\/strong><\/td><\/tr><tr><td>Deep understanding of the gas industry in India<br>Specialized expertise to offer tailored services<br>Strong network within the Indian gas sector<br>Regulatory acumen to navigate complex landscapes<\/td><td>Limited operational area in India<br>Market competition from established firms<br>Need to update skills for technological advancements continuously<br>Economic sensitivity to fluctuations in India<\/td><\/tr><tr><td><strong>OPPORTUNITIES<\/strong><\/td><td><strong>THREATS<\/strong><\/td><\/tr><tr><td>Market expansion to rural and underserved areas<br>Growth in gas-related infrastructure development projects<br>Favorable conditions from government initiatives promoting gas sector<br>Potential to leverage expertise in overseas markets<\/td><td>Disruption from frequent changes in government regulations<br>Impact of <a href=\"https:\/\/www.equentis.com\/blog\/key-global-events-that-can-influence-the-stock-market-this-week-3\/\">global<\/a> market volatility on local gas sector dynamics<br>Environmental Regulations Affecting Traditional Gas Demand<br>Significant competition from large multinational consulting firms<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Upcoming IPO <strong>Solve Plastic Products Ltd.<\/strong><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table class=\"has-white-color has-text-color has-background has-link-color\" style=\"background-color:#072563\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Offer Price<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b991 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Face Value<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b910 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Opening Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">13 Aug 2024<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Closing Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">16 August 2024<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in Shares)<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,302,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in \u20b9)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b911.85 Cr<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Issue Type&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">Book Built Issue IPO<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Lot Size<\/td><td class=\"has-text-align-center\" data-align=\"center\">1200 Shares<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Listing at&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">NSE SME<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/archives.nseindia.com\/content\/ipo\/PROSPECTUS_BALCO.zip\" target=\"_blank\" rel=\"noopener\">NSE<\/a><\/figcaption><\/figure>\n\n\n\n<p>Solve Plastic Products is set to raise \u20b911.85 crores through its IPO, which opens on August 12th and closes on August 14th. The company plans to use this money to buy new machinery, manage day-to-day operations, and cover IPO expenses.&nbsp; The IPO price is fixed at \u20b991 per share, with a minimum investment of \u20b9109,200 for retail investors.&nbsp;&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Objectives of the IPO<\/strong><\/h3>\n\n\n\n<p>The proceeds from this IPO will be allocated to:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Capital Expenditure:<\/strong> Funding the purchase of additional plant and machinery to enhance production capabilities.<\/li>\n\n\n\n<li><strong>Working Capital:<\/strong> Meeting the company\u2019s working capital requirements to support its operations.<\/li>\n\n\n\n<li><strong>Issue Expenses:<\/strong> Covering the expenses associated with the IPO process.<\/li>\n\n\n\n<li><strong>General Corporate Purposes:<\/strong> The money will address other corporate needs to support business growth.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><br><strong>GMP<\/strong><\/h3>\n\n\n\n<p>As of August 12, 2024, the Grey Market Premium (GMP) for the Solve Plastic Products IPO stands at \u20b90, indicating that the estimated listing price is expected to remain at \u20b991 per share. It reflects no expected gain or loss per share.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Company Overview<\/strong><\/h3>\n\n\n\n<p>Solve Plastic Products Limited, founded in 1994, manufactures rigid PVC electrical conduits and various uPVC pipes. The company&#8217;s products are marketed under the brand name &#8220;BALCOPIPES.&#8221; Solve Plastic Products operates one well-equipped Tamil Nadu production facility and three Kerala manufacturing facilities.&nbsp;<\/p>\n\n\n\n<p>The company has approvals from agencies such as the Central Public Works Departments (CPWD) in Chennai and Kochi, Military Engineer Services (MES), and the Public Works Departments (PWD) of Kerala and Tamil Nadu. It also holds certifications from the Bureau of Indian Standards (BIS) for various products, including solvent cement, water tanks, garden hoses, and PVC pipes. The company primarily serves the Kerala market.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financials<\/strong><\/h3>\n\n\n\n<p>Between the financial years ending March 31, 2023, and March 31, 2024, Solve Plastic Products Limited experienced a revenue decrease of -24.25%.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfdoP2xYnsQfWJmfGxeac3KKbtQ8fqrZhYT6broY7d80_YRrb86-qT8a0Q0-U8TFG51ApyajwRDJ2Z1lRRNPPg0jbQFHxOW2k19RQU92Ucuvmxmhcea0DFJUhrwFh4NnPJkPZeRZmV3y0Ed7ZgSbeoIFx8t?key=707jfeTYg18k0oszQBpGTg\" alt=\"\" style=\"width:542px;height:auto\" title=\"\"><figcaption class=\"wp-element-caption\"><strong>Source: <\/strong><a href=\"https:\/\/archives.nseindia.com\/content\/ipo\/PROSPECTUS_BALCO.zip\" target=\"_blank\" rel=\"noopener\"><strong>SEBI<\/strong><\/a><strong>&nbsp;<\/strong><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Despite this revenue decline, the company\u2019s Profit After Tax (PAT) increased by 18.47% during the same period. This indicates that while the company faced challenges in generating revenue, it managed its costs effectively, leading to improved profitability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SWOT Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-white-color has-text-color has-background has-link-color\" style=\"background-color:#072563\"><tbody><tr><td><strong>STRENGTHS<\/strong><\/td><td><strong>WEAKNESSES<\/strong><\/td><\/tr><tr><td>Established brand under &#8220;BALCOPIPES&#8221;<br>Diverse product range<br>Certifications from reputed agencies<br>Manufacturing presence in Kerala and Tamil Nadu<\/td><td>Dependence on Kerala market<br>Intense competition in the PVC pipe industry<br>Reliance on raw material prices<br>Adherence to environmental and safety regulations<\/td><\/tr><tr><td><strong>OPPORTUNITIES<\/strong><\/td><td><strong>THREATS<\/strong><\/td><\/tr><tr><td>Expanding product range to cater to new market segments<br>Geographical expansion to other regions in India<br>Exploring export opportunities<br>Leveraging government initiatives for the plastic industry<\/td><td>Economic slowdown in Kerala<br>Entry of new competitors<br>Increase in raw material costs<br>Stricter environmental regulations<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Upcoming IPO <strong>Broach Lifecare Hospital<br><\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table class=\"has-white-color has-text-color has-background has-link-color\" style=\"background-color:#072563\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Offer Price<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b925 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Face Value<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b910 per share<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Opening Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">13 August 2024<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Closing Date<\/td><td class=\"has-text-align-center\" data-align=\"center\">16 August 2024<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in Shares)<\/td><td class=\"has-text-align-center\" data-align=\"center\">1,608,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Total Issue Size (in \u20b9)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b94.02 Cr<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Issue Type&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">Book Built Issue IPO<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Lot Size<\/td><td class=\"has-text-align-center\" data-align=\"center\">6000 Shares<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Listing at&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\">BSE SME<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: Chittorgarh<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Objectives of the IPO<\/strong><\/h3>\n\n\n\n<p>The company plans to use the net proceeds from the IPO for the following purposes:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Purchase of Machinery:<\/strong> Acquiring new and advanced medical equipment to enhance the hospital&#8217;s diagnostic and treatment capabilities.<\/li>\n\n\n\n<li><strong>Development of Medical Tourism Web Portal:<\/strong> Creating an online platform to attract and serve international patients, boosting the hospital\u2019s reach in the medical tourism sector.<\/li>\n\n\n\n<li><strong>General Corporate Purposes:<\/strong> Addressing the overall corporate needs to support the hospital&#8217;s growth and operations.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><br><\/strong><strong>GMP<\/strong><\/h3>\n\n\n\n<p>As of August 12, 2024, the Grey Market Premium (GMP) for the Broach Lifecare Hospital IPO stands at \u20b90, which suggests that the estimated listing price is expected to remain at \u20b925 per share, indicating no anticipated gain or loss per share.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Company Overview<\/strong><\/h3>\n\n\n\n<p>Incorporated in 2023, Broach Lifecare Hospital Limited operates boutique hospitals under the brand name &#8220;Maple Hospitals.&#8221; The company specializes in providing 24-hour services for patients with heart ailments, focusing on non-invasive cardiology. Services offered include 2D Echocardiography, Electrocardiography, Treadmill Tests, Holter Monitoring, Ambulatory Blood Pressure Measurement, Stress Tests, and Dobutamine Stress Echocardiography.<\/p>\n\n\n\n<p>The hospital in Bharuch features 25 ultra-luxury in-patient beds and is equipped with advanced diagnostic devices. It also boasts high-end coronary care and life-saving equipment such as Intra-aortic Balloon Pump Machines, Biphasic Defibrillators, and Ventilators.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Financials<\/strong><\/h3>\n\n\n\n<p>Broach Lifecare Hospital Limited&#8217;s financial performance has shown significant growth. Revenue increased from \u20b91.82 crores in FY23 to \u20b92.61 crores in FY24.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcYWGVlxnA8k7KlE-Mji9id7CgmoMIOMbukTD5bNCE95IMcyHQTLanKEGB1qaN1GxMsPihtdpopOXleejJzFO8PHnYLjsKf17Pl98dEJLfiQ_V5aRaJW_IAdTLd5EvS7DT0l2j5bu0j_O1nHsEg4zfY0h8?key=707jfeTYg18k0oszQBpGTg\" alt=\"\" style=\"width:571px;height:auto\" title=\"\"><figcaption class=\"wp-element-caption\"><strong>Source: <\/strong><strong><a href=\"https:\/\/www.equentis.com\/blog\/sebi-registered-investment-advisor-meaning-eligibility\/\">SEBI<\/a><\/strong><\/figcaption><\/figure>\n\n\n\n<p>The Profit After Tax (PAT) also saw a substantial rise from \u20b90.14 crores in FY23 to \u20b90.70 crores in FY24. This growth reflects the company\u2019s ability to expand its operations and improve profitability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SWOT Analysis<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-white-color has-text-color has-background has-link-color\" style=\"background-color:#072563\"><tbody><tr><td><strong>STRENGTHS<\/strong><\/td><td><strong>WEAKNESSES<\/strong><\/td><\/tr><tr><td>Specialized in non-invasive cardiology.<br>Equipped with advanced coronary care devices.<br>NABH-certified for quality healthcare.<br>Strong regulatory compliance.<\/td><td>High operational costs.<br>Small workforce.<br>Regulatory challenges.<\/td><\/tr><tr><td><strong>OPPORTUNITIES<\/strong><\/td><td><strong>THREATS<\/strong><\/td><\/tr><tr><td>Medical tourism expansion.<br>Service area growth.<br>Advanced tech integration.<\/td><td>Intense competition.<br>Dependence on insurance.<br>Economic vulnerabilities.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>New Listings This Week<\/strong><\/h2>\n\n\n\n<p>Get ready for a busy week on the <a href=\"https:\/\/www.equentis.com\/blog\/what-is-stock-market-and-how-it-works\/\">stock market<\/a>! Two highly anticipated IPOs, Firstcry and Unicommerce, will finally debut.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Firstcry (Brainbees Solutions):<\/strong> After a successful IPO, Firstcry will start trading on the BSE and NSE on Tuesday.<\/li>\n\n\n\n<li><strong>Unicommerce eSolutions:<\/strong> Also on Tuesday, Unicommerce will begin trading on both the BSE and NSE.<\/li>\n<\/ul>\n\n\n\n<p>Additionally, the allotment for the Aesthetik Engineers IPO will be finalized on Tuesday, with the company set to list on the NSE SME on Friday.<\/p>\n\n\n\n<p class=\"has-white-color has-text-color has-background has-link-color wp-elements-a3c43911deee1bc8912cd3b56865d4fd\" style=\"background-color:#092765\"><strong>Know more about<\/strong> <br><a href=\"https:\/\/www.equentis.com\/ipos\">IPO<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Current IPO&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/upcoming-ipos\">Upcoming IPO&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/listed-ipos\">Listed IPO<\/a><\/p>\n\n\n\n<p class=\"has-white-color has-vivid-red-background-color has-text-color has-background has-link-color wp-elements-6f474dcafcdf1646354343f7e7f10cae\">*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 recommendation or investment advice by&nbsp;Research &amp; Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by&nbsp;<a href=\"https:\/\/www.equentis.com\/blog\/sebi-registered-investment-advisor-meaning-eligibility\/\">SEBI<\/a>, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s an IPO bonanza this week! Investors are in for a treat as five new companies are set to hit the primary market, collectively seeking to raise a substantial \u20b9257.32 crores. <\/p>\n","protected":false},"author":5,"featured_media":42210,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948,553],"tags":[],"class_list":["post-42206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news","category-investing-ipo"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/42206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=42206"}],"version-history":[{"count":14,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/42206\/revisions"}],"predecessor-version":[{"id":63151,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/42206\/revisions\/63151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/42210"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=42206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=42206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=42206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}