Category: LISTED IPO

Aakaar Medical Technologies IPO

Navigating the Waters: An In-Depth Look at Aakaar Medical Technologies IPO

The Indian public markets are buzzing with new opportunities, and among them, the Small and Medium Enterprise (SME) segment continues to present intriguing prospects for investors. This time, we turn our spotlight on Aakaar Medical Technologies Limited, a company poised to enter the public domain with its upcoming IPO. Understanding the intricacies of such an offering is key to making informed investment decisions. Let’s dive deep into Aakaar Medical Technologies’ journey to the stock market, exploring its business, financials, and the potential it holds.

Understanding Aakaar Medical Technologies: A Business Overview

Aakaar Medical Technologies, incorporated in June 2013, has carved a niche for itself in the aesthetic medical sector. The company specializes in offering a diverse range of cosmetic products and devices.

Product Spectrum

Own brands: Featuring both domestically manufactured and internationally produced devices.
Imported brands: Sourced from countries like South Korea, Spain, Italy, and Austria, showcasing a global footprint.

Their clientele primarily includes dermatologists, plastic surgeons, aesthetic physicians, and cosmetologists, who either utilize the consumables in treatments or sell the products directly to end consumers. The company’s comprehensive product line covers:

Homecare and professional skin and hair care products (serums, tablets).
Injectables and contouring solutions.
Medifacial kits.
Advanced medical devices for various treatments like urinary incontinence, tattoo removal, pigmentation, skin rejuvenation, and laser hair reduction.
Specialized hair transplant devices.

Aakaar Medical Technologies boasts a significant presence across India, with branches and a team of 90 trained sales and service engineers serving customers in numerous states.

Core Strengths

Experienced leadership and management team.
Diversified customer and product base reducing reliance on a single segment.
Extensive pan-India reach, facilitated by consignment sales partners.

Aakaar Medical Technologies IPO: Essential Details

The IPO of Aakaar Medical Technologies is structured as a book-building issue, aimed at raising capital to fuel its growth. Here’s a quick glance at the key parameters:

Detail	Specification
Issue Type	Book Building Fresh Issue
Face Value per Share	₹10
Price Band	₹68 to ₹72 per share
Lot Size (Minimum)	1,600 Shares
Total Issue Size	37,50,400 shares (aggregating up to ₹27.00 Crores)
Listing On	NSE SME

Allocation for Investors

Investor Category	Shares Offered
Qualified Institutional Buyers (QIB)	Not more than 50% of the Net Issue
Retail Investors	Not less than 35% of the Net Issue
Non-Institutional Investors (NII / HNI)	Not less than 15% of the Net Issue

IPO Journey: Key Dates to Remember

For prospective investors, keeping track of the IPO timeline is crucial. Here’s a tentative schedule for Aakaar Medical Technologies IPO:

IPO Open

Jun 20, 2025

IPO Close

Jun 24, 2025

Allotment

Jun 25, 2025

Refunds/Demat

Jun 26, 2025

Listing

Jun 27, 2025

Investment Commitment

The minimum and maximum investment amounts for retail and High Net Worth Individual (HNI) investors are detailed below, based on the upper end of the price band:

Application Category	Lots	Shares	Amount (at Cut-off Price)
Retail (Minimum)	1	1,600	₹1,15,200
Retail (Maximum)	1	1,600	₹1,15,200
HNI (Minimum)	2	3,200	₹2,30,400

It is often advised for investors to bid at the cut-off price, particularly in oversubscribed IPOs, to maximize their chances of allotment.

Assessing Financial Health: Aakaar Medical Technologies’ Performance

Understanding a company’s financial performance is paramount. Aakaar Medical Technologies has demonstrated significant growth in recent fiscal years.

Period Ended (March 31)	2025 (₹ Crore)	2024 (₹ Crore)	2023 (₹ Crore)
Assets	51.85	34.01	23.23
Revenue	61.76	46.27	32.88
Profit After Tax (PAT)	6.04	2.87	2.15
Net Worth	23.20	12.53	9.66
Total Borrowing	22.74	15.06	5.87

The company’s revenue increased by a notable 33% and profit after tax (PAT) saw a substantial rise of 110% between the financial years ending March 31, 2024, and March 31, 2025. This indicates strong operational performance in the most recent period.

Key Performance Indicators (KPIs)

Indicator (as of March 31, 2025)	Value
Return on Capital Employed (ROCE)	21.02%
Debt/Equity Ratio	0.98
Return on Net Worth (RoNW)	33.81%
Profit After Tax Margin	9.81%
EBITDA Margin	15.81%
Price to Book Value	5.23

The company’s market capitalization post-IPO is expected to be ₹102.04 Crores.

Promoters and Shareholding Structure

The key individuals steering Aakaar Medical Technologies are its promoters, Dilip Ramesh Meswani and Bindi Dilip Meswani. Their commitment to the company is reflected in their significant pre-issue shareholding:

Pre-Issue Shareholding: 91.11%
Total Shares Pre-Issue: 1,04,22,416 shares
Total Shares Post-Issue: 1,41,72,816 shares

Purpose of the Public Offering

The primary reasons for Aakaar Medical Technologies Limited to go public and raise funds through this IPO are:

Funding Working Capital Needs: A significant portion (₹20.35 Crores) of the net proceeds will be utilized to meet the company’s working capital requirements, essential for day-to-day operations and growth.
General Corporate Purposes: The remaining funds will be allocated for general corporate needs, which may include strategic initiatives, expansion plans, and other operational expenditures.

Strategic Outlook: A SWOT Analysis

A SWOT analysis helps in understanding the internal and external factors that could impact Aakaar Medical Technologies’ future performance.

Strengths

Strong track record with experienced management in the aesthetic medical sector.
Diverse product portfolio and customer base, reducing business concentration risk.
Extensive pan-India distribution network, indicating strong market penetration.
Impressive revenue and PAT growth in recent financial periods, reflecting operational efficiency.

Weaknesses

A significant surge in financial performance in the most recent pre-IPO year raises questions about the sustainability of such high growth rates.
The IPO pricing might be perceived as aggressive given the recent financial performance, potentially limiting immediate listing gains.

Opportunities

Growing demand in the Indian aesthetic and cosmetic medical market.
Potential for expanding product lines and exploring new therapeutic areas.
Leveraging IPO funds for further market expansion and technology adoption.

Threats

Intense competition from both domestic and international players.
Changes in regulatory policies related to medical devices and cosmetic products.
Economic downturns or shifts in consumer discretionary spending impacting the aesthetic industry.

Participating in the Aakaar Medical Technologies IPO

Applying for an IPO has become significantly easier with digital platforms. Investors can typically apply online using either UPI or ASBA (Applications Supported by Blocked Amount) through their bank’s net banking portal.

For investors using brokerage platforms that do not offer direct banking services, UPI is a popular payment gateway. The general process involves:

Logging into your brokerage account’s back office or designated IPO application section.
Locating the ‘Aakaar Medical Technologies IPO’ and initiating a bid.
Entering your UPI ID, desired quantity, and bid price (often recommended at cut-off price).
Submitting the application.
Approving the mandate request received on your UPI app (e.g., Google Pay, PhonePe, BHIM) within the stipulated time.

Key Stakeholders and Contact Information

For any inquiries or assistance related to the IPO or the company, here are the relevant contact details:

Company Contact Details

Address: 801, Heritage Plaza, Telli Galli Cross Road, Andheri (East), Mumbai, Maharashtra, 400069
Phone: +91 84528 44024
Email: companysecretary@aakaarmedical.in
Website: aakaarmedical.in

IPO Registrar

The registrar is responsible for managing the IPO application and allotment process.

Name: Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Lead Manager for the IPO

Name: Indorient Financial Services Ltd

Conclusion: Is Aakaar Medical Technologies IPO for You?

Aakaar Medical Technologies presents itself as a growing entity in the specialized aesthetic medical market, backed by strong recent financial performance and an experienced management team. The IPO aims to fund essential working capital and general corporate purposes, crucial for its continued expansion.

However, potential investors should carefully weigh the sudden boost in financial figures in the immediate pre-IPO year and consider the valuation aspects. While the aesthetic medicine industry holds promising growth potential, it’s always advisable to conduct thorough due diligence, align with your investment horizon, and consult with a financial advisor before committing funds to any public offering. For those with a long-term perspective and an understanding of the SME market’s inherent risks and rewards, this IPO could be an opportunity to explore.

June 19, 2025

Safe Enterprises Retail Fixtures IPO

Unpacking the Safe Enterprises Retail Fixtures IPO: A Deep Dive for Investors

Your Comprehensive Guide to This Upcoming SME Market Opportunity

Introduction: Spotlight on the SME Sector

The Indian stock market continues to offer diverse opportunities, and the Small and Medium Enterprises (SME) segment is increasingly gaining attention from savvy investors. These companies, though often smaller in scale, can present significant growth potential. One such upcoming opportunity is the Initial Public Offering (IPO) of Safe Enterprises Retail Fixtures Limited. Let’s delve deep into what this company offers and what its IPO could mean for potential investors.

Understanding Safe Enterprises Retail Fixtures Limited

A Leader in Merchandising Solutions

Established in 1976, Safe Enterprises Retail Fixtures Limited specializes in designing, manufacturing, supplying, and installing a wide array of shop fittings and retail fixtures. They offer tailored solutions for various retail segments, including fashion, electronics, grocery, and department stores. Their expertise helps retailers optimize display, placement, storage, and safety within their commercial spaces.

Diverse Product & Service Portfolio:

Gondola Shelving: Modular solutions ideal for supermarkets and large format stores.
Checkout Counters: Ergonomically designed to improve customer flow and experience.
Display Racks & Stands: Customizable options for fashion, electronics, and Fast-Moving Consumer Goods (FMCG).
Mannequins & Visual Merchandising Displays: Modern solutions enhancing store aesthetics and brand presentation.
Storage & Backroom Fixtures: High-capacity shelving systems for efficient inventory management.
Custom Fixture Design: Personalized solutions that seamlessly blend functionality with aesthetic appeal.
Innovative Solutions: Commitment to creative designs that adapt to the ever-evolving retail trends.

Operational Footprint & Clientele:

The company operates three manufacturing units—two in Mumbai and one in Thane, Maharashtra. Complementing this, they have two franchisees in Navi Mumbai and Hyderabad, along with two international distributors located in Dubai and Kansas City. Their products reach over 25 states and union territories across India, with Maharashtra, Karnataka, and Gujarat being key revenue generators.

Their impressive client roster includes major Indian retail chains and hypermarkets, showcasing their strong market presence:

Zudio & Westside – Providing fixtures for leading fashion retailers.
Godrej Nature’s Basket – Delivering custom shelving for gourmet food stores.
Reliance Retail & Future Group – Implementing installations for prominent hypermarkets.

Core Strengths Setting Them Apart:

Robust in-house product manufacturing capabilities ensuring quality control and customization.
Established relationships with a broad customer base across various geographical locations.
Experienced senior management team, strongly supported by a dedicated design and development unit.
A track record of positive consumer experiences leading to long-term brand loyalty.

The Safe Enterprises Retail Fixtures IPO at a Glance

Here’s a quick overview of the essential details regarding this upcoming SME IPO:

Detail	Information
Issue Type	Bookbuilding Issue
Face Value	₹5 per share
Issue Price Band	₹131 to ₹138 per share
Minimum Lot Size	1,000 Shares
Total Issue Size	1,16,76,000 shares (aggregating up to ₹161.13 Cr)
Fresh Issue	1,16,76,000 shares (aggregating up to ₹161.13 Cr)
Listing At	NSE SME
Market Maker Portion	6,24,000 shares (Hem Finlease Private Limited)

Key Dates for Your Calendar:

Mark these dates if you’re considering participation in this offering:

IPO Opens Allotment Listing

June 20, 2025 June 25, 2025 June 27, 2025

*Please note that the listing date is tentative and subject to change.

Investment Lot Sizes & Minimum Application Amounts:

Investors can bid for a minimum of 1,000 shares and in multiples thereof. Here’s a breakdown of the minimum and maximum investment by various investor categories:

Investor Type	Minimum Lots	Shares	Amount (at Cut-off Price of ₹138)
Retail (Minimum)	1	1,000	₹1,38,000
Retail (Maximum)	1	1,000	₹1,38,000
High Net-worth Individual (HNI - Minimum)	2	2,000	₹2,76,000

*It is generally suggested for investors to bid at the cut-off price to manage potential oversubscription and increase allotment chances.

Promoters and Their Shareholding:

The company is promoted by Saleem Shabbir Merchant, Mikdad Saleem Merchant, Huzefa Salim Merchant, and Munira Salimbhai Merchant. Their collective experience guides the company's strategic direction.

Holding Stage	Percentage
Pre-Issue Promoter Holding	95.18%
Post-Issue Promoter Holding	(Will be calculated based on equity dilution post-IPO)

A high pre-issue promoter holding often signals strong confidence in the company's future prospects and alignment of interests with shareholders.

Financial Performance & Growth Drivers

Analyzing a company's financial health is paramount for any investment decision. Here’s a snapshot of Safe Enterprises Retail Fixtures Limited's performance over the recent periods:

Financial Metric	As of March 30, 2025 (₹ Cr)	As of March 31, 2024 (₹ Cr)
Total Assets	101.94	54.40
Revenue	139.73	101.38
Profit After Tax (PAT)	39.19	23.09
Net Worth	72.08	28.99
Reserves and Surplus	54.92	4.36
Total Borrowing	0.00	0.00

Key Performance Indicators (KPIs) & Valuation Insights:

These ratios provide a deeper understanding of the company's efficiency, profitability, and valuation at the offer price:

KPI (as of March 31, 2025)	Value
Return on Equity (ROE)	77.54%
Return on Capital Employed (ROCE)	69.10%
Return on Net Worth (RoNW)	54.37%
PAT Margin	28.33%
Price to Book Value (P/B)	6.57
Market Capitalization	₹634.53 Cr

From a valuation perspective, considering the issue price of ₹138 per share:

Metric	Pre-IPO	Post-IPO (Annualized FY25)
Earnings Per Share (EPS)	11.42	8.52
Price-to-Earnings (P/E) Ratio	12.08	16.19

The post-IPO P/E ratio indicates how many times investors are willing to pay for each rupee of the company's earnings. A higher P/E suggests higher growth expectations, but it also implies a potentially higher valuation that requires further scrutiny.

Purpose of the Public Offering

The funds raised through this IPO are intended to be strategically utilized to fuel the company's expansion and meet its operational needs. The key objectives include:

Funding Capital Expenditure: A significant portion will be used to establish a new manufacturing unit, thereby expanding production capabilities and enhancing operational efficiency.
Investment in Subsidiary: Funds are earmarked for Safe Enterprises Retail Technologies Private Limited, a subsidiary, to finance its capital expenditure requirements related to the installation of additional plant and machinery.
Meeting Working Capital Needs: A substantial amount will address the immediate and ongoing working capital requirements of both the parent company and its subsidiary, ensuring smooth operations.
General Corporate Purposes: Supporting various strategic initiatives, business development activities, and day-to-day operational expenses that are crucial for sustained growth.

Navigating the Investment Landscape: A SWOT Perspective

Understanding the internal and external factors influencing Safe Enterprises Retail Fixtures Limited can provide a holistic view for potential investors.

Strengths:

Strong existing client relationships and a wide operational presence across India.
Diversified product and service portfolio catering to various segments of the retail industry.
Robust in-house manufacturing capabilities providing control over quality and customization.
Experienced management team and a skilled design and development department.
Impressive growth in revenue and profit over recent fiscal periods, coupled with zero reported borrowings.

Weaknesses:

Operating in a highly competitive and fragmented retail fixture market, which could impact pricing power.
Potential dependence on key clients and major retail chains for a significant portion of their business.
Rapid increase in profit margins in recent years might raise questions about their sustainability in the long term.
As an SME listing, the shares might experience lower liquidity compared to mainboard IPOs, potentially affecting ease of trading.

Opportunities:

The rapidly expanding retail sector in India, fueled by rising consumption and the growth of organized retail, presents a vast market.
Increasing demand for innovative, technologically advanced, and customized retail solutions.
Potential for geographical expansion into new domestic regions and a foray into international markets.
Scope to leverage automation and advanced manufacturing technologies for greater efficiency and cost reduction.

Threats:

Intense competition from both organized and unorganized players could lead to price wars and margin pressure.
Economic downturns or shifts in consumer spending habits could adversely affect retail expansion plans and, consequently, demand for fixtures.
Fluctuations in the prices of raw materials (e.g., metals, plastics) could significantly impact manufacturing costs and profitability.
Rapid changes in retail trends and store formats necessitate constant adaptation, requiring continuous investment in research and development.

How to Participate in the IPO (Example: Applying via Zerodha)

Applying for an IPO has become increasingly streamlined, especially with online brokerage platforms. If you use a brokerage like Zerodha, here's a general guide to applying online:

Login to Your Brokerage Account: Access your broker's platform (e.g., Zerodha Console) using your credentials.
Navigate to the IPO Section: Look for the 'IPOs' or 'Invest' section within your account dashboard.
Locate the Specific IPO: Find 'Safe Enterprises Retail Fixtures IPO' in the list of currently open issues.
Submit Your Bid: Click on the 'Bid' or 'Apply' button. You will typically need to enter your UPI ID, the quantity of lots you wish to apply for, and your bid price (it is often advisable to bid at the cut-off price for a higher chance of allotment).
Approve the Mandate: Finally, open your UPI App (such as PhonePe, Google Pay, or your bank's UPI application) on your mobile device and approve the payment mandate within the specified time frame. Your application will only be complete once the mandate is approved.

Most leading brokers offer a similar online application process via UPI or ASBA (Applications Supported by Blocked Amount). Always check with your specific broker for their detailed application steps and requirements.

Key Stakeholders & Contact Information

Company Headquarters:

Safe Enterprises Retail Fixtures Limited
Plot No. D-372, TTC MIDC Industrial Area,
MIDC Kukshet Village, Sanpada, Thane,
Maharashtra, 400703, India
Phone: +917021883016
Email: compliance@safeenterprises.com
Website: https://safeenterprises.com/

Registrar to the Issue:

Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues

Lead Manager:

Hem Securities Limited

Frequently Asked Questions (FAQs)

What is the Safe Enterprises Retail Fixtures IPO?

The Safe Enterprises Retail Fixtures IPO is an SME IPO consisting of 1,16,76,000 equity shares with a face value of ₹5 each, aiming to raise up to ₹161.13 Crores. The shares are priced in a band of ₹131 to ₹138 per share, with a minimum order quantity of 1000 shares.

When does the IPO open and close for subscription?

The IPO opens for subscription on June 20, 2025, and will close on June 24, 2025.

What is the lot size for this IPO, and what is the minimum investment?

The minimum lot size for Safe Enterprises Retail Fixtures IPO is 1000 shares. At the upper price band of ₹138, the minimum investment required for retail investors is ₹1,38,000.

How can I check the IPO allotment status?

The finalization of the Basis of Allotment for Safe Enterprises Retail Fixtures IPO is expected on Wednesday, June 25, 2025. You can typically check your allotment status on the registrar's website (Maashitla Securities Private Limited) or through your brokerage account after this date.

When is the tentative listing date for the IPO?

The tentative listing date for Safe Enterprises Retail Fixtures IPO is Friday, June 27, 2025, on the NSE SME platform.

Conclusion: Weighing Your Investment Options

Safe Enterprises Retail Fixtures Limited presents itself as a company with a solid foundation in a specialized yet growing sector. Supported by robust financials and clear objectives for utilizing the IPO proceeds, it aims to capitalize on the expanding Indian retail landscape.

However, the decision to invest in any IPO, particularly within the SME segment, requires careful consideration. While the company has demonstrated promising growth and healthy margins, potential investors should also be mindful of the highly competitive nature of the retail fixtures market and the specific dynamics associated with SME listings, such as liquidity.

It is always advisable to conduct your own thorough due diligence, assess your personal risk tolerance, and consider consulting with a qualified financial advisor to determine if this investment opportunity aligns with your individual financial goals. May your investment decisions be well-informed!

June 19, 2025

Mayasheel Ventures IPO

Mayasheel Ventures IPO: Paving the Way for Growth?

Mayasheel Ventures IPO: Paving the Way for Investor Interest?

The Indian IPO market continues to be a vibrant space for investors seeking new opportunities. As the infrastructure sector gains momentum, companies involved in building critical infrastructure are attracting attention. Mayasheel Ventures Limited, an entity primarily focused on road and highway construction, is set to launch its Initial Public Offering (IPO). This blog post delves into the specifics of this upcoming SME IPO, offering a comprehensive overview for potential investors.

Understanding Mayasheel Ventures Limited

Established in May 2008, Mayasheel Ventures Limited has carved a niche in the infrastructure development landscape. The company specializes in constructing roads and highways, primarily for government entities like NHIDCL (National Highways and Infrastructure Development Corporation Limited) and other government departments.

Their operational model includes both EPC (Engineering, Procurement, and Construction) and BOQ (Bill of Quantity) based projects, demonstrating flexibility in project execution. Beyond road infrastructure, Mayasheel Ventures also undertakes electrical works, encompassing the construction of power houses, installation of streetlights, and development of transmission lines. Their revenue generation is significantly tied to government tenders, highlighting a strong focus on public sector projects.

Key Strengths of the Company:

Highly qualified and experienced management team in civil engineering and construction.
A strong commitment to product quality, ensuring projects meet stringent client standards.
Robust order book, particularly in the roads, highways, and bridges segments, indicating future revenue visibility.
Proven project management and execution capabilities, crucial for timely completion of large-scale infrastructure projects.

Unveiling the Offering: Key IPO Specs

The Mayasheel Ventures IPO is structured as a book-building issue, targeting to raise capital to fuel its growth ambitions. Here's a quick look at the core details:

Detail	Specification
IPO Type	SME Bookbuilding IPO
Issue Price Band	₹44 to ₹47 per share
Face Value	₹10 per share
Total Issue Size	58,05,000 shares (aggregating up to ₹27.28 Crores)
Fresh Issue	55,14,000 shares (aggregating up to ₹27.28 Crores)
Listing Exchange	NSE SME
Book-Running Lead Manager	Narnolia Financial Services Ltd
Registrar to the Issue	Maashitla Securities Private Limited
Market Maker	Prabhat Financial Services Ltd.

Navigating the IPO Journey: Important Dates

Understanding the timeline is crucial for any investor. The Mayasheel Ventures IPO follows a structured schedule from opening to listing:

IPO Open Date Fri, Jun 20, 2025

IPO Close Date Tue, Jun 24, 2025

Allotment Finalization Wed, Jun 25, 2025

Demat Credit Thu, Jun 26, 2025

Tentative Listing Fri, Jun 27, 2025

*Note: Dates are tentative and subject to change. UPI mandate confirmation cut-off is 5 PM on the closing date.

Lot Size and Investment Details

For retail investors and High Net-worth Individuals (HNIs), specific investment thresholds apply:

Investor Category	Minimum Lot Size	Minimum Shares	Minimum Investment Amount (at cut-off price)
Retail Investor	1 Lot	3,000 Shares	₹1,41,000
HNI (Non-Institutional Investor)	2 Lots	6,000 Shares	₹2,82,000

Investors are typically advised to bid at the cut-off price to enhance their chances of allotment, especially in scenarios of oversubscription.

Subscription Breakdown: Who Gets What?

The total shares offered in the IPO are allocated across different investor categories, ensuring broad participation:

Investor Category	Shares Offered	Percentage (%)
Market Maker Portion	2,91,000	5.01%
Qualified Institutional Buyers (QIB)	27,54,000	47.44%
- Anchor Investors	16,50,000	28.42%
- QIB (Ex. Anchor)	11,04,000	19.02%
Non-Institutional Investors (NII/HNI)	8,28,000	14.26%
Retail Individual Investors (RII)	19,32,000	33.28%
Total Shares Offered	58,05,000	100.00%

Anchor Investor Insights:

Prior to the main IPO, Mayasheel Ventures raised ₹7.76 crore from anchor investors on June 19, 2025. These shares, totaling 16,50,000, are subject to specific lock-in periods:

50% of shares: Lock-in ends July 25, 2025 (30 days from allotment).
Remaining shares: Lock-in ends September 23, 2025 (90 days from allotment).

Financial Health Check: A Glimpse at Performance

Mayasheel Ventures Limited has shown promising financial growth over the last three fiscal years. Examining their restated financial performance provides insights into their operational efficiency and profitability.

Period Ended (March 31)	Assets (₹ Crore)	Revenue (₹ Crore)	Profit After Tax (PAT) (₹ Crore)	Net Worth (₹ Crore)	Reserves and Surplus (₹ Crore)	Total Borrowing (₹ Crore)
2025	99.10	172.05	11.33	28.84	12.59	34.06
2024	92.56	131.14	6.51	24.09	0.00	35.05
2023	79.03	127.10	4.75	18.06	0.00	33.23

The company demonstrated a significant increase in revenue (31%) and profit after tax (74%) from FY2024 to FY2025, indicating strong recent performance.

Performance Metrics at a Glance (as of March 31, 2025):

Market Capitalization: ₹103.64 Crores
Return on Equity (ROE): 42.83%
Return on Capital Employed (ROCE): 28.62%
Debt/Equity Ratio: 1.60
Return on Net Worth (RoNW): 42.83%
PAT Margin: 6.63%
Price to Book Value: 2.65
Pre-IPO EPS: ₹6.98 | Pre-IPO P/E: 6.74x
Post-IPO EPS: ₹5.14 | Post-IPO P/E: 9.14x

The impressive ROE and RoNW indicate efficient utilization of shareholder funds, while the PAT margin shows healthy profitability. The debt-to-equity ratio of 1.60 suggests a moderate reliance on debt for its operations.

Founders' Stake in the Future

The company's promoters are Mr. Amit Garg, Ms. Meenu Garg, and Mr. Prabhat Rajpoot. Their commitment to the company's future is reflected in their shareholding:

Promoter Holding Pre-Issue: 91.97%
Promoter Holding Post-Issue: 67.76%

A substantial post-issue promoter holding indicates continued confidence and alignment with shareholder interests.

Capital Deployment Strategy: Objectives of the Issue

The funds raised through this IPO are earmarked for strategic investments vital for Mayasheel Ventures' growth trajectory:

Funding Capital Expenditure: Approximately ₹40 million is allocated for the purchase of essential equipment and machinery, which will enhance operational capacity and efficiency.
Working Capital Requirements: A significant portion, around ₹140 million, will be utilized to fund the company's working capital needs, ensuring smooth day-to-day operations and project execution.
General Corporate Purposes: The remaining funds will be deployed for general corporate activities, providing flexibility for future strategic initiatives, market expansion, or unforeseen contingencies.

Strategic Insights: A SWOT Perspective

A balanced assessment of Mayasheel Ventures' position reveals both opportunities and challenges:

Strengths (Internal Factors):

Experienced and qualified management team.
Strong track record and execution capabilities in complex infrastructure projects.
Healthy and growing order book providing revenue visibility.
Consistent financial growth in revenue and profitability.

Weaknesses (Internal Factors):

High dependence on government tenders for revenue generation.
Working capital-intensive nature of the construction business.
Moderate debt-to-equity ratio, though common in the sector, still merits attention.

Opportunities (External Factors):

Government's continued focus and investment in infrastructure development (roads, highways, etc.).
Potential for geographical expansion or diversification into related construction segments.
Growing demand for quality infrastructure in India.

Threats (External Factors):

Intense competition from other established and emerging construction companies.
Fluctuations in raw material prices and labor costs.
Potential for regulatory changes or delays in government project approvals.
Economic slowdown impacting infrastructure spending.

Connect with the Company and Registrar

For further inquiries or information, you can reach out to Mayasheel Ventures Limited and their IPO registrar:

Mayasheel Ventures Limited Contact Details:

Address: IIIrd B-2, Flat No.8, IInd Nehru Nagar, Ghaziabad, Uttar Pradesh, 201001
Phone: 0120-4265140
Email: cs@mayasheelventures.com
Website: www.mayasheelventures.com

IPO Registrar Details:

Name: Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: maashitla.com

Conclusion

Mayasheel Ventures IPO presents an opportunity for investors to participate in a company operating in India's vital infrastructure sector. With a strong track record of growth, an experienced management team, and clear objectives for utilizing the IPO proceeds, the company aims to solidify its position in the market.

However, like any investment, it comes with its own set of risks, particularly those inherent to the construction industry and its reliance on government projects. Prospective investors are encouraged to conduct their own thorough due diligence, assess the company's fundamentals, and consider market conditions before making an investment decision. This IPO could indeed be a significant milestone for Mayasheel Ventures, potentially paving the way for sustained growth and value creation.

June 15, 2025

Arisinfra Solutions Limited IPO

Arisinfra Solutions IPO: Unlocking India's Construction Tech Growth

Arisinfra Solutions IPO: Bridging the Future of Construction Supply

The Indian infrastructure sector is booming, and with it, the demand for efficient, tech-driven supply chains. In this exciting landscape, Arisinfra Solutions Limited is set to launch its Initial Public Offering (IPO), offering investors a chance to participate in a company poised to revolutionize how construction materials are procured. Let's delve into the details of this upcoming IPO and what it means for potential investors.

Understanding Arisinfra Solutions

Arisinfra Solutions Limited, established in 2021, operates as a modern, technology-enabled B2B platform. Its primary focus is to simplify and digitize the procurement of construction and infrastructure materials, along with providing smart financial management solutions for companies in the sector.

The company's diverse product portfolio includes essential items like GI pipes, MS wires, MS TMT bars (steel), and OPC bulk cement. They boast an impressive track record, having delivered over 10 million metric tonnes of materials, serving thousands of customers across various cities in India through a vast network of vendors. Notable clients include major players like Capacit’e Infraprojects Limited and Afcons Infrastructure Limited. Arisinfra also has a subsidiary, ArisUnitern Re Solutions Private Limited, which extends its services to real estate developers by offering advisory, consultancy, marketing, and sales support.

Strategic Advantages:

Tech-Driven Supply Chain: Leveraging technology to streamline procurement processes.
Market Positioning: Well-placed to capitalize on the significant growth opportunities in the construction materials market.
Robust Network Effects: A growing ecosystem of vendors and customers ensures long-term benefits.
Advanced Credit Risk Analysis: Utilizes technology for comprehensive credit assessment, enhancing operational efficiency.
Experienced Leadership: Guided by strong promoters and a seasoned professional team.

Key IPO Dates & Milestones

Mark your calendars for the Arisinfra Solutions IPO. Here’s a tentative timeline to guide potential investors:

IPO Open

Wed, Jun 18, 2025

Subscription Window

Jun 18 - Jun 20, 2025

Allotment Finalization

Mon, Jun 23, 2025

Shares Credited to Demat

Tue, Jun 24, 2025

Tentative Listing Date

Wed, Jun 25, 2025

IPO Offer Overview

The Arisinfra Solutions IPO is structured as a book-building issue, entirely comprising a fresh issue of shares.

Detail	Information
Issue Type	Bookbuilding IPO
Face Value	₹2 per equity share
Price Band	₹210 to ₹222 per equity share
Total Issue Size	2,25,04,324 shares (aggregating up to ₹499.60 Crores)
Issue Listing On	BSE, NSE

Investment Structure: Price & Lot Details

Investors can bid for shares in specific lot sizes. Understanding these details is crucial for planning your application.

Investor Category	Minimum Lots	Minimum Shares	Minimum Investment Amount (at cut-off price)	Maximum Shares (Retail)	Maximum Investment Amount (Retail)
Retail Investor	1	67	₹14,874	871	₹1,93,362
Small HNI (sNII)	14	938	₹2,08,236	4,489	₹9,96,558
Big HNI (bNII)	68	4,556	₹10,11,432	-	-

Investor Reservation Categories:

Qualified Institutional Buyers (QIB): Not less than 75% of the Issue
Non-Institutional Investors (NII / HNI): Not more than 15% of the Issue
Retail Individual Investors: Not more than 10% of the Issue

Financial Health at a Glance

Understanding the company's financial performance is key to evaluating the investment opportunity. Arisinfra Solutions has demonstrated a recent turnaround in profitability, following earlier losses.

Period Ended	Assets (₹ Cr)	Revenue (₹ Cr)	Profit After Tax (₹ Cr)	Net Worth (₹ Cr)	Total Borrowing (₹ Cr)
Dec 31, 2024	586.56	557.76	6.53	152.09	322.82
Mar 31, 2024	492.83	702.36	-17.30	141.60	273.98
Mar 31, 2023	394.95	754.44	-15.39	104.94	220.35
Mar 31, 2022	334.22	453.77	-6.49	140.30	154.25

Key Insights: The company reported a profit for the period ending December 31, 2024, a significant improvement from losses in previous financial years. However, revenue shows a fluctuating trend, and borrowings have consistently increased.

Core Performance Metrics (as of March 31, 2024):

Market Capitalization: ₹1799.28 Crores
Debt/Equity Ratio: 1.45 (Indicates a moderate to high reliance on debt)
Return on Net Worth (RoNW): -13.14% (Reflecting past losses)
Price to Book Value: 8.61
Earnings Per Share (EPS) Pre-IPO: -₹5.30
Price to Earnings (P/E) Ratio: -41.89 (Negative due to past losses, but expected to turn positive with recent profits)

Purpose of the Public Offering

Arisinfra Solutions intends to utilize the net proceeds from the IPO for several strategic initiatives:

S.No.	Objects of the Issue	Expected Amount (₹ in Crores)
1	Repayment/prepayment of certain outstanding borrowings	204.60
2	Funding working capital requirements of the Company	177.00
3	Investment in subsidiary (Buildmex-Infra) for working capital	48.00
4	General corporate purposes and unidentified inorganic acquisitions	(Balance Amount)

Who's Behind Arisinfra?

Promoter Group:

The company is promoted by a group of individuals and trusts committed to its vision:

Ronak Kishor Morbia
Bhavik Jayesh Khara
Siddharth Bhaskar Shah
Jasmine Bhaskar Shah
Priyanka Bhaskar Shah
Bhaskar Shah
Aspire Family Trust
Priyanka Shah Family Trust

Promoter Shareholding:

Pre-Issue Shareholding: 51.67%
Post-Issue Shareholding: 37.50%

This indicates a dilution of promoter stake post-IPO, which is common in public offerings as new shares are issued to raise capital.

Navigating the Investment: A Deeper Dive (SWOT Analysis)

To provide a holistic view, here's a strategic analysis of Arisinfra Solutions Limited:

Strengths (Internal Positives):

Innovative technology-driven B2B platform for construction materials.
Strong positioning in a rapidly expanding market.
Extensive network of vendors and customers, fostering network effects.
Robust framework for credit risk analysis, enhancing operational efficiency.
Leadership by experienced promoters and a skilled professional team.

Weaknesses (Internal Challenges):

History of losses in previous financial years, with recent profitability being a new development.
High debt-to-equity ratio, indicating significant financial leverage.
Negative Return on Net Worth (RoNW) as of the last audited period.
Notable dilution of promoter holding post-IPO.
Aggressive valuation based on limited recent profitable data.

Opportunities (External Prospects):

Growing demand and digitization trends in the Indian construction and infrastructure sector.
Potential for expansion into new geographies and product categories.
Scope for inorganic growth through unidentified acquisitions mentioned in IPO objectives.
Leveraging subsidiary for value-added services in the real estate sector.

Threats (External Risks):

Intense competition from traditional suppliers and emerging tech platforms.
Vulnerability to economic downturns and fluctuations in the construction industry.
Volatile raw material prices (steel, cement) impacting margins.
Potential for adverse regulatory changes affecting the construction or logistics sector.

Connecting with Arisinfra: Contact & Support

Company Contact Details:

Arisinfra Solutions Limited
Unit No. G-A-04 to 07, Ground Floor, A Wing, Art Guild House,
Phoenix Marketcity, LBS Marg, Kurla (West), Mumbai, Maharashtra, 400007
Phone: 022 - 2611 202
Email: cs@arisinfra.one
Website: arisinfra.com

IPO Registrar:

MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: arisinfra.ipo@linkintime.co.in
Website: linkintime.co.in

Lead Managers:

Jm Financial Limited
IIFL Capital Services Limited
Nuvama Wealth Management Limited

Final Thoughts for Investors

Arisinfra Solutions operates in a promising, high-growth sector, leveraging technology to create an efficient B2B supply chain for construction materials. The company's recent shift to profitability in the latest reported period is a positive sign, indicating a potential turnaround. However, prospective investors should carefully weigh this against its prior financial losses and the aggressive pricing of the IPO based on this short-term positive trend.

For those with a long-term investment horizon and a moderate to high-risk appetite, this IPO presents an opportunity to invest in a company with a strong business model and significant market potential. It's advisable to conduct thorough due diligence, considering the company's financial trajectory, the utilization of IPO proceeds, and the broader market dynamics. Always remember to align any investment decision with your personal financial goals and risk tolerance.

June 15, 2025

Influx Healthtech Limited IPO

Decoding Influx Healthtech IPO: Your Essential Guide

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Unlock Potential: A Deep Dive into Influx Healthtech's Upcoming IPO

The Indian market is constantly buzzing with new opportunities, and for discerning investors, Initial Public Offerings (IPOs) often stand out. As we approach mid-2025, the spotlight turns to Influx Healthtech Limited, poised to enter the public domain via an SME IPO. This offering presents a unique chance to participate in the growth story of a company at the forefront of contract manufacturing for the thriving healthcare and cosmetic sectors.

In this comprehensive guide, we'll peel back the layers of Influx Healthtech's IPO, examining its core business, financial health, the objectives behind its public issue, and what potential investors should consider.

Unveiling Influx Healthtech: A Deeper Look

Established in September 2020, Influx Healthtech Limited operates as a Contract Development and Manufacturing Organization (CDMO), a vital segment supporting the nutraceutical and cosmetic industries. They offer specialized, end-to-end services, from product development and manufacturing to regulatory support, allowing their clients to focus on formulation and market commercialization.

The company boasts three manufacturing facilities strategically located in Thane, Maharashtra, covering significant areas to support their diverse product portfolio.

Diverse Product Spectrum:

Tablets, Capsules, and Powders
Liquid Orals and Softgels
Lozenges, Jellies, and Gummies
Oral Dispersible Films (ODFs) and Effervescent Tablets
Liquid-Fill Capsules, Candies, and Gym/Sports Supplements
Extensive range of Skin Care, Body Care, Hair Care, and Beard Care Solutions
Face Masks, Soaps, Ayurvedic/Herbal formulations
Veterinary Feed Supplements and Homecare solutions

As of recent reports, Influx Healthtech employs 163 permanent staff, underscoring its operational capacity and commitment to its manufacturing prowess.

Key Details of the Offering

Understanding the basic structure of the Influx Healthtech IPO is crucial for any prospective investor. Here's a quick overview:

Aspect	Detail
IPO Type	SME IPO, Book Built Issue
Total Issue Size	61,00,800 shares (aggregating up to ₹58.57 Crores)
Fresh Issue	50,00,400 shares (aggregating up to ₹48.00 Crores)
Offer for Sale (OFS)	11,00,400 shares (aggregating up to ₹10.56 Crores)
Face Value	₹10 per share
Price Band	₹91 to ₹96 per share
Minimum Lot Size	1,200 Shares
Listing At	NSE SME
Book Running Lead Manager	Rarever Financial Advisors Pvt. Ltd.
Registrar to the Issue	Maashitla Securities Private Limited
Market Maker	R.K.Stock Holding Private Limited

Important Dates to Mark Your Calendar

Keeping track of the IPO timeline is essential for a smooth application process and to anticipate listing.

Jun 18IPO Open

Jun 20IPO Close

Jun 23Allotment Finalization

Jun 24Demat Credit/Refunds

Jun 25Listing (Tentative)

Retail Investor's Playbook: Lot Sizes and Investment

The minimum application for the Influx Healthtech IPO is set at 1,200 shares. Here's a breakdown of the investment amounts for retail and High Net Worth Individual (HNI) investors:

Investor Category	Minimum Lots	Minimum Shares	Minimum Investment (Approx. @ Cut-off Price ₹96)
Retail (Minimum)	1	1,200	₹1,15,200
Retail (Maximum)	1	1,200	₹1,15,200
HNI (Minimum)	2	2,400	₹2,30,400

Analyzing the Financial Health

A deep dive into Influx Healthtech's past performance provides insights into its financial trajectory. The company has demonstrated a consistent upward trend in both revenue and profitability.

Metric	FY23 (₹ Cr)	FY24 (₹ Cr)	FY25 (₹ Cr)
Assets	28.30	41.10	70.30
Revenue	76.07	100.10	104.99
Profit After Tax (PAT)	7.20	11.22	13.37
Net Worth	11.65	22.87	36.15
Total Borrowing	0.80	0.32	0.22

The financials show healthy growth, with revenue increasing by 5% and PAT by 19% between FY24 and FY25. The company also maintains a very low debt-to-equity ratio.

Key Performance Indicators (KPIs)

As of March 31, 2025, at the upper price band, Influx Healthtech's valuation metrics are as follows:

Market Capitalization: ₹222.24 Crores
Return on Equity (ROE): 36.98%
Return on Capital Employed (ROCE): 49.17%
Debt/Equity Ratio: 0.01 (indicating very low leverage)
Return on Net Worth (RoNW): 36.98%
PAT Margin: 12.75%
Price to Book Value: 7.62
Earnings Per Share (Pre-IPO): ₹7.36
Price to Earnings (P/E) Ratio (Pre-IPO): 13.04x
Earnings Per Share (Post-IPO): ₹5.77
Price to Earnings (P/E) Ratio (Post-IPO): 16.63x

Purpose of the Public Issue: Fueling Future Growth

Influx Healthtech Limited intends to deploy the net proceeds from this IPO for critical expansion and operational enhancement:

Capital Expenditure for Nutraceutical Division: A significant portion (₹22.60 Crores) is allocated for establishing a new manufacturing facility for its Nutraceutical products.
Capital Expenditure for Veterinary Food Division: Another substantial amount (₹11.59 Crores) will fund a new manufacturing facility for its Veterinary Food products.
Machinery Purchase: ₹2.76 Crores are earmarked for acquiring new machinery for the Homecare and Cosmetic divisions, enhancing production capabilities.
General Corporate Purposes: The remaining funds will address general corporate needs, providing flexibility for ongoing business operations, strategic initiatives, and working capital requirements.

These objectives highlight the company's focus on expanding its manufacturing capabilities and diversifying its product offerings, signaling a clear growth trajectory.

Meet the Visionaries: Promoter Holdings

The company is promoted by experienced individuals who have steered its growth. The promoter group includes Mr. Munir Abdul Ganee Chandniwala, Mrs. Shirin Munir Ahmed Chandniwala, and Mr. Abdul Ganee Abdul Rasul Chandniwala.

Pre-Issue Shareholding: 99.85%
Post-Issue Shareholding: 73.53%

The dilution in promoter holding is typical for an IPO, as new shares are issued to the public, but they retain a substantial majority stake, showing continued commitment.

Strategic Insights: A SWOT Analysis

Understanding the internal strengths and weaknesses, alongside external opportunities and threats, provides a holistic view of Influx Healthtech's market position.

Strengths

Diversified Product Portfolio: A wide array of products across nutraceutical, cosmetic, and homecare segments reduces reliance on a single category.
Diverse Clientele: Catering to various firms within multiple industries provides revenue stability and market reach.
Stringent Quality Assurance/Control: Commitment to quality is crucial in healthcare and cosmetics, building trust and ensuring compliance.
Experienced Management: A qualified and experienced promoter and management team can navigate industry challenges and drive strategic growth.
Growing Market: Operating in the expanding nutraceutical and cosmetic contract manufacturing markets offers inherent growth potential.

Weaknesses

SME Listing: Listing on the NSE SME platform might imply lower liquidity compared to mainboard listings, potentially affecting ease of trading.
Competitive and Fragmented Market: The CDMO space, particularly for SMEs, can be highly competitive with many players, potentially impacting pricing power.
Dependency on Clients: Revenue is dependent on contracts from other companies, making it susceptible to client business cycles or shifts in their strategies.
Recent Profitability Surge: The sudden significant increase in bottom lines in recent fiscal years raises questions about sustainability and could warrant closer scrutiny by investors.

Opportunities

Rising Demand for Wellness Products: Increasing health consciousness and demand for nutraceuticals and specialized cosmetics drive growth in contract manufacturing.
Outsourcing Trend: More companies are opting for CDMO services to reduce overheads and focus on core competencies, creating a steady stream of business.
Expansion Plans: The IPO objectives directly support expansion into new facilities and machinery, paving the way for increased capacity and new revenue streams.
"Make in India" Push: Government initiatives supporting domestic manufacturing can benefit Indian CDMOs.

Threats

Regulatory Changes: The healthcare, nutraceutical, and cosmetic industries are subject to strict and evolving regulations, which can impact operations and costs.
Economic Downturns: A general economic slowdown could reduce consumer spending on discretionary items like cosmetics and impact client demand.
Intense Competition: Existing and new players entering the market could lead to price wars and pressure on margins.
Raw Material Price Volatility: Fluctuations in the cost of raw materials can directly impact manufacturing costs and profitability.

An Investor's Outlook: What to Consider

Before deciding to invest in Influx Healthtech IPO, it is prudent for potential investors to weigh the various aspects:

Growth Story vs. Valuation: The company operates in a high-growth sector and shows impressive financial expansion. However, the issue appears to be fully priced based on its recent performance. Investors should assess if the current valuation aligns with the company's future growth potential and industry comparables.
Sustainability of Profitability: While the recent surge in profits is impressive, a cautious approach might involve considering the sustainability of such sharp increases in a competitive market.
Long-Term vs. Short-Term: Given the nature of the business and the objectives of the IPO, it might be more suited for investors with a medium to long-term investment horizon, looking for capital appreciation rather than immediate listing gains.
Risk Appetite: SME IPOs generally carry higher risks due to smaller market capitalization and often less liquidity compared to mainboard listings. Investors should align this opportunity with their individual risk appetite.
Market Dynamics: Keep an eye on the overall market sentiment and sector-specific trends around the IPO dates.

It is always recommended to conduct thorough due diligence, perhaps consulting with a financial advisor, to align this investment with your personal financial goals.

Seamless Application Process

Applying for an IPO has become increasingly straightforward, primarily through the ASBA (Application Supported by Blocked Amount) facility in your bank's net banking or via UPI for brokerage accounts. Most brokers provide a streamlined online process for IPO applications.

For those using a popular brokerage platform like Zerodha, the process typically involves logging into your console, navigating to the IPO section, selecting the Influx Healthtech IPO, entering your bid details (UPI ID, quantity, and price), and then approving the mandate via your UPI app.

Key Contacts for the IPO

Company Contact: Influx Healthtech Limited, Mumbai, Maharashtra. Phone: +91 7045997809, Email: cs@influxhealthtech.com
Registrar: Maashitla Securities Private Limited. Phone: +91-11-45121795-96, Email: investor.ipo@maashitla.com

Frequently Asked Questions (FAQs)

Q: What is the Influx Healthtech IPO?: A: It's an SME IPO of 61,00,800 equity shares, with a face value of ₹10, aggregating up to ₹58.57 Crores. The price band is ₹91 to ₹96 per share, and the minimum application quantity is 1,200 shares.
Q: How can I apply for this IPO?: A: You can apply online through your bank's ASBA facility via net banking or through your broker's platform using UPI as a payment method. Check with your specific bank or broker for their detailed process.
Q: What is the minimum investment for Influx Healthtech IPO?: A: The minimum investment required for retail investors is ₹1,15,200 (for 1,200 shares at the upper price band of ₹96).
Q: When will the shares be allotted?: A: The finalization of the Basis of Allotment is tentatively scheduled for Monday, June 23, 2025. Shares are expected to be credited to your demat account by Tuesday, June 24, 2025.
Q: When is the tentative listing date?: A: The tentative listing date for Influx Healthtech IPO on NSE SME is Wednesday, June 25, 2025.

Conclusion

Influx Healthtech Limited's IPO offers a gateway into a growing sector driven by increasing health and beauty consciousness. With its diversified product portfolio, established manufacturing capabilities, and clear growth objectives, the company presents an interesting proposition. While the recent surge in profitability and the competitive landscape warrant careful consideration, the strategic utilization of IPO funds for expansion could unlock further value.

As with any investment, a balanced understanding of its strengths, market dynamics, and your personal investment strategy is paramount. Stay informed, analyze the details, and make a decision that aligns with your financial aspirations.

June 15, 2025

Eppeltone Engineers IPO
Eppeltone Engineers IPO: Powering Up for Tomorrow's Energy Solutions
The Indian market is abuzz with new opportunities, and for investors looking towards the future of energy management, the upcoming Initial Public Offering (IPO) of Eppeltone Engineers Limited presents an intriguing prospect. As the nation increasingly focuses on smart infrastructure and efficient energy utilization, companies at the forefront of these innovations are drawing significant attention. Let's delve into what this SME IPO offers and what you, as a potential investor, need to know.
A Closer Look at Eppeltone Engineers Limited
Established in 1977, Eppeltone Engineers Limited has carved a niche in the manufacturing of electronic energy meters, including the cutting-edge smart meters. Beyond meters, their extensive portfolio boasts power conditioning devices like UPS systems and high-grade chargers. While they initially specialized in Switch Mode Power Supplies (SMPS), the company has strategically diversified its product range to serve both industrial and consumer sectors, with a strong emphasis on energy management.
The company holds certifications for designing and supplying a wide array of products, from static watt-hour meters and water meters to LED luminaries and battery management systems. Operating primarily in the Business-to-Business (B2B) segment, Eppeltone Engineers largely caters to government entities, which form the cornerstone of their transactions, while also serving private sector clients. Their main manufacturing hub is a substantial 36,000 sq. ft. facility in Greater Noida, Uttar Pradesh, complemented by supporting units in Noida and Okhla, New Delhi.
Key Aspects of the IPO
The Eppeltone Engineers IPO is a book-building issue worth ₹43.96 crores, comprising entirely of a fresh issuance of 34.34 lakh shares. Here’s a quick overview:
Detail Information
Issue Price Band ₹125 to ₹128 per share
Face Value ₹10 per share
Total Issue Size 34,34,000 shares (aggregating up to ₹43.96 Cr)
Listing Exchange NSE SME
Investment Lot Size and Application Details
Investors can apply for a minimum of 1,000 shares and in multiples thereof. Understanding the investment lot is crucial for planning your application:
Investor Category Minimum Lot Size (Shares) Minimum Investment Amount
Retail (Minimum) 1,000 ₹1,28,000
Retail (Maximum) 1,000 ₹1,28,000
High Net-worth Individual (HNI) (Minimum) 2,000 ₹2,56,000
It is generally advised for investors to bid at the cut-off price to potentially avoid issues related to oversubscription.
The IPO Journey: Key Dates to Remember
Mark your calendars for these important dates concerning the Eppeltone Engineers IPO:
IPO Opens June 17, 2025
IPO Closes June 19, 2025
Allotment Finalization June 20, 2025
Listing Date (Tentative) June 24, 2025
Purpose of the Public Offering
Eppeltone Engineers Limited intends to utilize the net proceeds from this IPO for several strategic objectives:
Working Capital Enhancement: A significant portion of the funds will be allocated to meet the company's working capital needs, ensuring smooth day-to-day operations and growth.
Capital Expenditure: Funds are earmarked for the installation of additional machinery at their factory, which will bolster manufacturing capabilities and potentially increase output.
General Corporate Requirements: A portion will be used for general corporate purposes, supporting various operational and strategic initiatives.
Issue-Related Expenses: To cover the costs associated with the IPO itself.
Leadership and Shareholding Structure
The company is promoted by Rohit Chowdhary, Deven Chowdhary, and Reshu Chowdhary. Prior to this issue, the promoters held 83.69% of the company's shares. The fresh issue will lead to a dilution of this holding as new shares are introduced to the market.
Expert Global Consultants Private Limited serves as the book-running lead manager for this IPO, while Skyline Financial Services Private Ltd is the registrar, overseeing the allotment process. Prabhat Financial Services Ltd has been appointed as the market maker.
Company's Financial Performance and Valuation Metrics
Eppeltone Engineers has shown robust growth in its recent financial periods. The company’s revenue saw a significant increase, and its profit after tax (PAT) also rose considerably between March 31, 2024, and March 31, 2025.
Financial Metric (₹ Crore) March 31, 2025 March 31, 2024 March 31, 2023
Assets 123.80 69.83 43.73
Revenue 125.74 80.04 72.99
Profit After Tax (PAT) 11.23 8.16 1.09
Net Worth 40.00 20.40 11.49
The company's market capitalization stands at ₹165.88 crores based on the IPO price band. Key Performance Indicators (KPIs) as of March 31, 2024, include:
Return on Equity (ROE): 41%
Return on Capital Employed (ROCE): 43%
Debt/Equity Ratio: 0.79
Return on Net Worth (RoNW): 40.79%
PAT Margin: 10.75%
Price to Book Value: 2.62
While the company has demonstrated strong growth, particularly a notable uplift in profitability from FY24 onwards, it's worth noting that the market for electronic components and energy solutions can be highly competitive and fragmented. Potential investors should consider the sustainability of such growth in the long term.
Strategic Evaluation: SWOT Analysis
A thorough understanding of Eppeltone Engineers involves assessing its strengths, weaknesses, opportunities, and potential threats.
Strengths:
Advanced Manufacturing & R&D: Robust facilities and a focus on innovation support a diverse product line.
Quality Focus & Certifications: Adherence to high quality standards builds trust, especially in the B2B segment.
Diverse Product Portfolio: Catering to various needs from smart meters to power conditioning.
Strong Market Presence: Significant engagement with government entities provides a stable client base.
Experienced Leadership: A skilled workforce guided by seasoned management.
Weaknesses:
Competitive Market: Operating in a fragmented sector with many players could pose challenges for market share expansion.
Reliance on Government Contracts: While a strength, over-reliance on a single type of client base could be a risk.
Sustainability of Profitability Surge: The rapid increase in recent profits may require closer scrutiny for long-term consistency.
Opportunities:
Smart Grid Initiatives: India's push for smart cities and smart grids creates significant demand for intelligent metering solutions.
Renewable Energy Integration: Growth in solar and wind power necessitates advanced energy management devices.
"Make in India" Focus: Government support for domestic manufacturing can provide a competitive edge.
Market Expansion: Potential to further diversify into other industrial and consumer segments.
Threats:
Technological Disruption: Rapid advancements in energy tech require continuous R&D investment to stay relevant.
Intense Price Competition: A fragmented market often leads to price wars, impacting margins.
Policy and Regulatory Changes: Shifts in government energy policies or regulations could affect business operations.
Supply Chain Volatility: Global supply chain disruptions can impact raw material availability and costs.
Considering Your Investment Decision
With the current pricing, some market observers suggest that the IPO appears to be fully valued based on recent financials. For those considering an investment, a moderate allocation for the long term might be a suitable approach. The company's focus on energy meters and power conditioning devices positions it in a sector with structural growth drivers.
How to Participate in the IPO
Applying for the Eppeltone Engineers IPO is straightforward. Most brokerage platforms offer online application processes through UPI (Unified Payments Interface) or ASBA (Applications Supported by Blocked Amount). If you're a customer of popular brokerage firms, you can typically apply by logging into your trading account portal, navigating to the IPO section, entering your UPI ID, desired quantity, and price, and then approving the mandate through your UPI app.
Connecting with Eppeltone Engineers
For more detailed information, the company's official documents and contact details are available:
Company Address: A-57, Defence Colony, New Delhi, New Delhi, 110024
Phone: +91-9811050241
Email: cs@eppeltone.in
IPO Registrar Details
Registrar: Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Final Thoughts for Investors
The Eppeltone Engineers IPO steps into a dynamic sector poised for growth driven by digital transformation and energy efficiency demands. While the company demonstrates a strong track record of revenue and profit expansion, especially in recent years, investors are encouraged to conduct their own thorough due diligence. Assess your investment objectives, risk tolerance, and the company’s long-term prospects within the competitive energy solutions landscape. Staying informed and making well-researched decisions are key to navigating the exciting world of IPO investments.
June 15, 2025

Detail	Information
Issue Price Band	₹125 to ₹128 per share
Face Value	₹10 per share
Total Issue Size	34,34,000 shares (aggregating up to ₹43.96 Cr)
Listing Exchange	NSE SME

Investor Category	Minimum Lot Size (Shares)	Minimum Investment Amount
Retail (Minimum)	1,000	₹1,28,000
Retail (Maximum)	1,000	₹1,28,000
High Net-worth Individual (HNI) (Minimum)	2,000	₹2,56,000

Financial Metric (₹ Crore)	March 31, 2025	March 31, 2024	March 31, 2023
Assets	123.80	69.83	43.73
Revenue	125.74	80.04	72.99
Profit After Tax (PAT)	11.23	8.16	1.09
Net Worth	40.00	20.40	11.49

Patil Automation Limited IPO

Patil Automation IPO: Unlocking Investment Opportunities in Industrial Automation

Unlocking Potential: A Deep Dive into the Patil Automation IPO

The Indian stock market continues to be a vibrant landscape for investors seeking growth opportunities. As new companies step into the public domain, they present unique chances to participate in their growth stories. Today, we turn our attention to an upcoming Small and Medium Enterprise (SME) IPO that's set to make its mark: Patil Automation Limited. Specializing in advanced automation solutions, this company is poised to redefine efficiency in industrial processes. Let's explore what this offering means for potential investors.

With a robust focus on innovation and manufacturing excellence, Patil Automation operates at the forefront of the industrial automation sector. This blog post will break down the essential details of their initial public offering, providing you with a clear and comprehensive overview to aid your investment decisions.

Pioneering Automation: Understanding Patil Automation Limited

Established in 2015, Patil Automation Limited has rapidly become a key player in providing sophisticated welding and line automation solutions. Their expertise lies in designing, manufacturing, testing, and installing bespoke automation systems tailored to diverse production needs across various industries.

What They Do: A Comprehensive Product Portfolio

Patil Automation boasts a wide array of offerings designed to enhance productivity and precision:

Robotic Welding Systems: Automated solutions for superior welding precision and operational efficiency.
Spot and Arc Welding Solutions: High-speed and versatile welding for applications ranging from automotive to sheet metal fabrication.
Resistance Welding Systems: Essential for industries requiring robust, high-strength welded joints.
Automated Assembly Lines: Specializing in car body, engine, transmission, electrical, and electronics assembly systems.
Material Handling Solutions: Including conveyor systems, robotic gantries, pick-and-place systems, and Automated Guided Vehicles (AGVs) for seamless material flow.
Quality Control Systems: Advanced Vision Inspection Systems (AI-based for real-time defect detection) and Leak Testing Machines.
End-of-Line Testing Systems: Ensuring product quality and compliance before shipment.

Operational Footprint and Workforce

The company operates from five state-of-the-art facilities across India, with two key locations in Pune. Their extensive operational space covers approximately 460,000 sq. ft. As of March 31, 2025, Patil Automation served clients in 10 Indian states and employed 244 full-time staff, supported by about 256 contract laborers, highlighting their significant presence and capacity.

Navigating the Patil Automation IPO: Key Details for Investors

Understanding the core structure of the IPO is crucial for any potential investor. Here’s a snapshot of the Patil Automation public offering:

Issue Snapshot

Detail	Specification
Issue Type	Bookbuilding IPO
Face Value	₹10 per share
Price Band	₹114 to ₹120 per share
Lot Size	1,200 Shares
Total Issue Size	58,00,800 shares (aggregating up to ₹69.61 Cr)
Fresh Issue	58,00,800 shares (aggregating up to ₹69.61 Cr)
Listing At	NSE SME

Investor Categories and Allotment

The issue has specific reservations for different investor segments:

Investor Category	Shares Offered
Qualified Institutional Buyers (QIB)	Not more than 50% of the Net Issue
Retail Investors	Not less than 35% of the Net Issue
Non-Institutional Investors (NII / HNI)	Not less than 15% of the Net Issue

Investment Lot Sizes

Here’s a breakdown of the minimum and maximum investment amounts for retail and High Net-worth Individual (HNI) investors:

Application Type	Lots	Shares	Amount (at cut-off price of ₹120)
Retail (Minimum)	1	1,200	₹1,44,000
Retail (Maximum)	1	1,200	₹1,44,000
HNI (Minimum)	2	2,400	₹2,88,000

IPO Journey Tracker: Key Dates

Patil Automation IPO Tentative Schedule

IPO Open

Mon, Jun 16, 2025

IPO Close

Wed, Jun 18, 2025

Allotment Finalized

Thu, Jun 19, 2025

Shares Credited

Fri, Jun 20, 2025

Listing Date

Mon, Jun 23, 2025

Financial Health and Valuation Insights

A deep dive into the company's financials provides a crucial perspective on its performance and potential. Patil Automation has demonstrated consistent growth in its recent financial periods.

A Glimpse at Recent Performance (Amounts in ₹ Crore)

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	115.35	91.77	94.04
Revenue	122.04	118.72	82.35
Profit After Tax (PAT)	11.70	7.84	4.20
Net Worth	53.69	32.10	24.27
Reserves and Surplus	37.67	27.06	19.23
Total Borrowing	22.93	23.13	32.65

The company's revenue increased by 3% and profit after tax (PAT) saw a significant jump of 49% between the financial year ending March 31, 2024, and March 31, 2025, showcasing strong recent growth.

Key Performance Metrics (as of Mar 31, 2025)

These indicators help assess the company's efficiency and financial standing:

Key Performance Indicator	Value
Market Capitalization	₹261.85 Cr
Return on Equity (ROE)	27.28%
Return on Capital Employed (ROCE)	21.62%
Debt/Equity Ratio	0.43
Return on Net Worth (RoNW)	21.80%
PAT Margin	9.91%
Price to Book Value	3.43
EPS (Pre-Issue)	₹7.30
EPS (Post-Issue)	₹5.36
P/E (Pre-Issue)	16.43x
P/E (Post-Issue)	22.38x

Strategic Vision: Objectives of the Issue

The funds raised through this IPO are earmarked for strategic initiatives aimed at bolstering Patil Automation's growth trajectory:

Funding Capital Expenditure: A significant portion (₹62.01 crores) is allocated for establishing a new manufacturing facility, which will expand their production capacity and capabilities.
Debt Repayment: ₹4.00 crores will be utilized to repay a portion of existing borrowings, strengthening the company's balance sheet.
General Corporate Purposes: The remaining funds will be used for general corporate needs, supporting ongoing operations and future strategic initiatives.

Leadership and Ownership Structure

The company is guided by experienced hands and a clear ownership structure.

Meet the Driving Force

The promoters steering Patil Automation Limited are: Manoj Pandurang Patil, Aarti Manoj Patil, and Prafulla Pandurang Patil. Their collective vision and industry experience are foundational to the company's operations.

Promoter Shareholding Dynamics

Holding Type	Percentage
Share Holding Pre Issue	94.38%
Share Holding Post Issue	(To be calculated based on equity dilution)

Unpacking Potential: A SWOT Analysis

To provide a holistic view, let's consider the internal and external factors influencing Patil Automation Limited's future:

Strengths

Strong in-house design, development, and manufacturing capabilities with integrated testing facilities.
Diverse and advanced product portfolio catering to critical industrial needs.
Consistent revenue generation with a significant portion from repeat OEM customer orders.
Experienced promoters and a robust management team with deep domain knowledge.
Broad operational footprint across multiple Indian states.

Weaknesses

The IPO appears to be aggressively priced based on current valuations, which might impact listing gains.
As an SME IPO, it might inherently carry higher liquidity risks compared to mainboard listings.
A high minimum investment amount for retail investors could limit broader participation.
Potential for customer concentration risk if a large portion of revenue relies on a few key OEM clients.

Opportunities

The burgeoning industrial automation sector in India presents significant growth avenues.
Expansion into a new manufacturing facility can scale operations and capture larger market shares.
Potential to diversify product offerings and customer base beyond existing states.
Adoption of advanced technologies like AI-based vision systems can create competitive advantages.

Threats

Intense competition from domestic and international players in the automation industry.
Economic downturns or slowdowns in manufacturing sectors could impact demand for automation solutions.
Rapid technological advancements necessitate continuous innovation and R&D investment.
Fluctuations in raw material prices or supply chain disruptions could affect profitability.

Essential Information for Applicants

Applying for the Patil Automation IPO

Investors interested in subscribing to the Patil Automation IPO can do so through various platforms. The most common methods are:

UPI (Unified Payments Interface): Many brokerage platforms allow online IPO applications using UPI as a convenient payment gateway.
ASBA (Application Supported by Blocked Amount): This method is available through the net banking portals of various banks.

It is generally advisable to bid at the cutoff price to maximize chances of allotment, especially in potentially oversubscribed issues. This often means investing the maximum retail investor amount.

Key Stakeholders in the Issue

Knowing the parties involved helps understand the IPO process:

Book-Running Lead Manager: Seren Capital Private Limited is managing the issue.
IPO Registrar: Purva Sharegistry India Pvt Ltd is responsible for managing the IPO application and allotment process. They handle all inquiries related to allotment status.
Market Maker: Mansi Share & Stock Broking Private Limited will ensure liquidity post-listing.
Company Contact Details:
- Address: Gat no. 154, behind G.E. Company, Village Sudumbre, Tehsil Maval, Pune, Maharashtra, 412109
- Phone: +91-9168338383
- Email: info@patilautomation.com
- Website: https://patilautomation.com/

Conclusion: An Opportunity in Industrial Automation

The Patil Automation IPO presents an intriguing opportunity for investors looking to participate in the growing industrial automation sector. With a strong track record of revenue and profit growth, a comprehensive product portfolio, and clear objectives for utilizing the IPO proceeds for expansion, the company appears well-positioned for future success.

While the issue might be perceived as aggressively priced, its robust competitive strengths and the underlying growth in demand for automation solutions offer a compelling long-term narrative. As with any investment, it's essential to conduct your own due diligence, understand the associated risks, and align the investment with your personal financial goals and risk appetite. Informed investors may find this offering worthy of consideration for a medium to long-term horizon.

June 15, 2025

Samay Project Services IPO

Samay Project Services IPO: A Comprehensive Investment Overview

Unlocking Value: A Deep Dive into the Samay Project Services IPO

The Indian equity market is buzzing with activity, offering diverse opportunities for investors. Among the exciting prospects, the SME segment has consistently captured attention, providing avenues to invest in emerging businesses with high growth potential. Today, we turn our focus to an upcoming offering that could be on your radar: the Samay Project Services IPO.

This comprehensive guide will break down everything you need to know about Samay Project Services Limited and its upcoming public issue. From its business model to financial health and the crucial dates, we’ve got you covered. Let's delve in!

About Samay Project Services Limited

Established in November 2001, Samay Project Services Limited stands as a prominent player in the Engineering, Procurement, and Construction (EPC) sector. The company specializes in delivering comprehensive solutions, particularly focusing on the design, engineering, and commissioning of balance of plant (BOP) systems across a diverse range of industries. Their expertise spans critical areas including:

Piping Systems: Comprehensive services from design to commissioning of low-pressure piping.
Tanks, Vessels, and Fabricated Structures: Designing and constructing various storage solutions.
Fire Protection & Detection Systems: End-to-end solutions for fire safety.
Cross Country Pipelines: Execution of pipelines for water and hydrocarbons, both domestically and internationally.
System Automation: Integration of electromechanical systems for turnkey project implementation.
BioCNG Plants: Turnkey engineering and execution, from feedstock identification to plant commissioning.

The company prides itself on its quality management, holding an ISO 9001:2015 certification. As of October 2024, Samay Project Services Limited boasts a dedicated team of 54 staff members, complemented by 179 skilled contract laborers, underlining their capacity for executing complex EPC projects.

Core Strengths of the Company

Robust engineering capabilities and a strong technical design team.
Significant presence across multiple EPC segments, showcasing diversified expertise.
Established and enduring client relationships, indicating reliability and trust.
A steadfast commitment to client satisfaction through high-value engineering and quality project delivery.

Essential IPO Offering Details

The Samay Project Services IPO is a book-building issue aiming to raise funds through a fresh issue of shares. Here's a quick overview of the key details:

Detail	Information
IPO Date Range	June 16, 2025 to June 18, 2025
Face Value	₹10 per share
Issue Price Band	₹32 to ₹34 per share
Lot Size	4,000 Shares
Total Issue Size	43,20,000 shares (aggregating up to ₹14.69 Crores)
Issue Type	Book Building IPO
Listing Platform	NSE SME

Understanding the Investment Structure

Allocation Strategy for Investors

The shares in the Samay Project Services IPO are reserved for different categories of investors to ensure fair distribution. Here’s how the issue is allocated:

Investor Category	Shares Offered (Net Issue)
Qualified Institutional Buyers (QIB)	Not more than 50%
Retail Investors	Not less than 35%
Non-Institutional Investors (NII / HNI)	Not less than 15%

Anchor Investor Participation

Anchor investors play a crucial role in providing stability and confidence to an IPO. Samay Project Services IPO successfully raised funds from anchor investors before the main subscription opens. This demonstrates strong institutional interest in the offering.

Detail	Information
Anchor Bid Date	June 13, 2025
Shares Offered to Anchors	8,00,000 shares
Anchor Portion Size	₹2.72 Crores
Anchor Lock-in Period (50% shares)	Ends July 19, 2025 (30 Days)
Anchor Lock-in Period (Remaining shares)	Ends September 17, 2025 (90 Days)

Minimum Investment Breakdown (Lot Sizes)

Investors can bid for shares in specific lot sizes. Understanding the minimum and maximum investment required for different investor categories is key:

Application Type	Lots	Shares	Amount (at Cut-off Price)
Retail (Minimum)	1	4,000	₹1,36,000
Retail (Maximum)	1	4,000	₹1,36,000
HNI (Minimum)	2	8,000	₹2,72,000

A Look at the Company's Financial Performance

A review of the company's financial health provides crucial insights into its operational efficiency and growth trajectory. Samay Project Services Limited has shown varied performance over the last three financial years:

Period Ended	31 Mar 2025 (₹ Cr)	31 Mar 2024 (₹ Cr)	31 Mar 2023 (₹ Cr)
Assets	31.77	24.83	21.28
Revenue	37.72	40.95	20.82
Profit After Tax (PAT)	4.19	4.62	3.44
Net Worth	20.23	16.03	11.42
Reserves and Surplus	9.20	5.00	11.11
Total Borrowing	2.09	-0.64	1.18

While the company's assets and net worth have steadily grown, indicating expansion and stronger equity, there was a slight decrease in revenue and profit after tax between FY24 and FY25. However, the company has consistently remained profitable.

Evaluating Core Performance Metrics and Valuation

To gauge the company's valuation and operational efficiency, it's essential to look at its key performance indicators (KPIs) and earnings metrics:

Key Performance Indicator (as of Mar 31, 2025)	Value
Return on Equity (ROE)	23.13%
Return on Capital Employed (ROCE)	24.56%
Debt/Equity Ratio	0.10
PAT Margin	11.29%
Price to Book Value	2.34

The company's strong ROE and ROCE indicate efficient use of shareholder funds and capital. A low Debt/Equity ratio suggests a healthy financial structure.

Earnings Per Share (EPS) and Price-to-Earnings (P/E) Ratio

Comparing the P/E ratio before and after the IPO provides insight into the pricing of the issue:

Metric	Pre-IPO	Post-IPO
EPS (Rs)	4.18	2.64
P/E (x)	8.13	12.89

The increase in the P/E ratio post-IPO suggests that the issue might be priced to reflect future growth expectations.

Utilisation of Issue Proceeds

The company plans to strategically deploy the net proceeds from the IPO to fuel its growth and operational needs. The primary objectives are:

Funding Working Capital Requirements: A significant portion, estimated at ₹12.00 Crores, will be allocated to meet the company's working capital needs, ensuring smooth day-to-day operations and project execution.
General Corporate Purposes: The remaining funds will be utilized for various general corporate purposes, including strategic initiatives, business development, and unforeseen contingencies.

Promoter Strength and Shareholding

The driving forces behind Samay Project Services Limited are its promoters, Mr. Anand R and Ms. Santhi Karthikeyan. Their stake in the company will adjust post-IPO:

Share Holding Stage	Percentage (%)
Pre-Issue Holding	96.29%
Post-Issue Holding	69.19%

The dilution in promoter holding is a standard outcome of a fresh issue of shares in an IPO, allowing public participation while maintaining significant promoter control.

Strategic Evaluation: A SWOT Analysis

Understanding a company's internal strengths and weaknesses, alongside external opportunities and threats, is crucial for any potential investor. Here’s a brief SWOT analysis for Samay Project Services Limited:

Strengths

Technical Expertise: Strong engineering and design teams with advanced software capabilities.
Diversified Portfolio: Presence in multiple EPC segments including niche areas like BioCNG plants.
Client Relationships: Established and strong relationships with existing clients.
Quality Assurance: ISO 9001:2015 certified for quality management.
Low Debt: Healthy Debt/Equity ratio.

Weaknesses

Financial Inconsistency: Recent slight decline in revenue and PAT in the latest reported period.
Highly Competitive Sector: Operating in a fragmented and competitive EPC market.
Reliance on Contract Labor: A significant portion of the workforce comprises contract laborers, which can entail management challenges.

Opportunities

Infrastructure Growth: India's continuous infrastructure development provides a steady stream of EPC projects.
Renewable Energy Push: Increasing focus on BioCNG and other renewable energy projects presents a growth avenue.
Industry Expansion: Opportunities to expand client base and project scale within existing or new geographies.
Technological Advancements: Adoption of new technologies to enhance project efficiency and delivery.

Threats

Market Competition: Intense competition from both large established players and other SME EPC companies.
Economic Slowdown: General economic downturns could impact project pipeline and order book.
Regulatory Changes: Changes in environmental, labor, or industry-specific regulations could affect operations.
Input Cost Volatility: Fluctuations in raw material prices or labor costs could impact project profitability.
Project Delays: Risk of project delays or cost overruns inherent in EPC businesses.

Navigating the IPO Journey: Important Dates

Staying informed about the key dates of the IPO is vital for timely application and tracking. Here is the tentative schedule for Samay Project Services IPO:

Anchor Bid Date

Jun 13, 2025

IPO Open Date

Jun 16, 2025

IPO Close Date

Jun 18, 2025

Tentative Allotment

Jun 19, 2025

Refunds & Demat Credit

Jun 20, 2025

Tentative Listing Date

Jun 23, 2025

Connecting with the Company & Registrar

Company Contact Details

For any direct inquiries regarding Samay Project Services Limited, you can reach out to them at:

Samay Project Services Limited
Plot No.1218, 17th Street, West End Colony
Mogappair, Thiruvallur, Chennai, Tamil Nadu, 600050
Phone: +91 9344139102
Email: investor@samayprojects.in
Website: www.samayprojects.com/

IPO Registrar Information

The registrar plays a critical role in managing the IPO process, from application processing to allotment and refunds. For Samay Project Services IPO, the registrar is:

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html

Applying for the Samay Project Services IPO

Applying for an IPO has become increasingly convenient through various online platforms. Most investors prefer digital methods:

UPI-based applications: Many brokerage platforms offer the facility to apply for IPOs using your UPI ID for payment. This is a quick and seamless process.
ASBA (Applications Supported by Blocked Amount): If you have a demat account linked to your bank account, you can apply through your bank's net banking portal using the ASBA facility. Your funds remain blocked in your account until allotment.

Ensure your Demat and trading accounts are ready before the IPO opens. When applying, it is often advisable for retail investors to bid at the cut-off price to maximize their chances of allotment, especially in oversubscribed issues.

Final Thoughts and Investment Outlook

Samay Project Services Limited presents itself as an established player in the niche EPC segment, with a strong foundation in diversified services and a healthy financial structure as indicated by its low debt and robust profitability margins. The IPO aims to bolster its working capital, which is crucial for an EPC company managing large projects.

While the company operates in a competitive landscape, its specialized offerings, especially in emerging areas like BioCNG plants, could offer distinct growth opportunities. Investors considering this IPO should carefully review the company's financial trends, the utilization of IPO proceeds, and the broader market conditions for the EPC sector.

As with any investment, thorough due diligence is recommended. Potential investors should weigh the company's strengths against the inherent risks of the industry and their personal investment goals. This IPO could be an interesting proposition for those looking to invest in the SME sector with a long-term perspective.

June 15, 2025

Aten Papers & Foam Limited

Navigating the Aten Papers & Foam IPO: What Investors Need to Know

The Indian stock market continues to buzz with activity, and a new opportunity is on the horizon for investors interested in the Small and Medium Enterprise (SME) segment. Aten Papers & Foam Limited is set to launch its Initial Public Offering (IPO), aiming to raise capital and expand its operations. This detailed guide will walk you through the key aspects of this upcoming SME IPO, helping you make an informed investment decision.

Understanding Aten Papers & Foam Limited

Established in 2019, Aten Papers & Foam Limited serves as a vital link in the paper product supply chain. The company acts as an intermediary, sourcing various types of paper from mills and distributing them primarily to the packaging industry. Beyond supply, they also engage in the trading of wastepaper, a crucial raw material for paper mills.

Their product portfolio is diverse, offering materials in various grades, thicknesses, and sizes:

Kraft Paper: Recycled Kraft paper utilized for packaging, primarily serving customers in Gujarat.
Absorbent Kraft Paper: Recycled paper designed for use in interior décor and furniture applications.
Paper Bag Kraft Paper: Durable and eco-friendly Kraft paper tailored for manufacturing bags used in groceries, medical supplies, and more.
Tube Kraft Paper: Materials like wood pulp, kraft paper, and cardboard used to produce paper tubes for various industrial applications.

With a team of 14 employees as of November 2024, the company highlights several strengths:

Experienced senior management providing strategic direction.
A wide variety of products catering to different industry needs.
Strong credibility with banking partners and established credit lines since inception.
Efficient in-house logistics ensuring smooth operations.
Maintenance of ready stock to meet market demand promptly.

Aten Papers & Foam IPO: Essential Details

The Aten Papers & Foam IPO is a book-building issue entirely comprising a fresh issue of 33.00 lakh shares. Here’s a quick overview of the key figures:

Detail	Information
Issue Size	₹31.68 Crores
Issue Type	Book-Built Issue (SME)
Face Value	₹10 per share
Price Band	₹91 to ₹96 per share
Listing At	BSE SME

Tentative IPO Schedule

Plan your investment strategy around these important dates for the Aten Papers & Foam IPO:

IPO Open
(June 13)

IPO Close
(June 17)

Allotment
(June 18)

Listing
(June 20)

Event	Tentative Date
IPO Open Date	Friday, June 13, 2025
IPO Close Date	Tuesday, June 17, 2025
Tentative Allotment Date	Wednesday, June 18, 2025
Initiation of Refunds	Thursday, June 19, 2025
Credit of Shares to Demat	Thursday, June 19, 2025
Tentative Listing Date	Friday, June 20, 2025
UPI Mandate Confirmation Cut-off	5 PM on June 17, 2025

Lot Size and Investment Details

Investors can apply for a minimum of 1,200 shares and in multiples thereof. Here’s a breakdown of the minimum and maximum investment amounts for different investor categories:

Category	Lots (Min)	Shares (Min)	Amount (₹ Min)
Retail (Min)	1	1,200	₹1,15,200 (at cut-off price)
HNI (Min)	2	2,400	₹2,30,400

IPO Share Reservation

The issue has specific allocations for different investor categories:

Qualified Institutional Buyers (QIB): Not more than 5% of the Net Issue
Retail Investors: Not less than 47.50% of the Net Issue
Non-Institutional Investors (NII / HNI): Not less than 47.50% of the Net Issue
Market Maker Portion: 1,65,600 shares (allocated to Sunflower Broking Private Limited)

Financial Highlights of Aten Papers & Foam

Aten Papers & Foam Limited has demonstrated notable financial growth, particularly in the most recent fiscal year. Here’s a summary of their performance:

Period Ended (₹ Crore)	March 31, 2025	March 31, 2024	March 31, 2023	March 31, 2022
Revenue	138.70	96.80	91.00	89.82
Profit After Tax (PAT)	7.01	2.78	0.50	0.76
Net Worth	14.04	7.03	4.25	3.74
Total Borrowing	11.13	15.67	16.03	15.44

From the financials, it's evident that the company saw a significant increase in revenue by 43% and a remarkable surge in PAT by 152% between FY24 and FY25.

Key Performance Indicators (KPIs)

As of March 31, 2025, Aten Papers & Foam Limited boasts a market capitalization of ₹98.88 Crores. Here are some of its key performance indicators:

KPI	Value
Return on Equity (ROE)	66.53%
Return on Capital Employed (ROCE)	43.84%
Debt/Equity Ratio	0.79
Return on Net Worth (RoNW)	49.93%
PAT Margin	5.06%
Price to Book Value	4.79
Pre-IPO EPS	₹10.02
Post-IPO EPS	₹6.81
Pre-IPO P/E	9.58x
Post-IPO P/E	14.1x

Promoters and IPO Objectives

The promoters guiding Aten Papers & Foam Limited are Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani. Their pre-issue shareholding stood at 99.99%.

Utilization of Issue Proceeds

Aten Papers & Foam Limited intends to utilize the net proceeds from this IPO for the following key objectives:

Funding capital expenditures for future growth: ₹4.27 Crores
Meeting working capital requirements: ₹15.50 Crores
General corporate purposes to support overall business operations.

Key IPO Stakeholders

Managing an IPO involves several crucial entities ensuring a smooth process:

Book Running Lead Manager: Swastika Investmart Ltd
IPO Registrar: Skyline Financial Services Private Ltd
Market Maker: Sunflower Broking Private Limited

Insights for Potential Investors

When considering an investment in Aten Papers & Foam IPO, it’s essential to look beyond the immediate figures and consider various factors. While the company has shown impressive growth in its top and bottom lines, particularly in the most recent fiscal year, this sudden boost warrants close examination to ensure its sustainability.

Some market observers suggest that the issue might be aggressively priced given the recent surge in profitability. Investors are advised to carefully review the Red Herring Prospectus (RHP) for detailed information and assess the company's long-term prospects. For those who are well-informed about SME market dynamics and have surplus funds, a moderate investment for the medium term could be considered, keeping the pricing and recent performance trajectory in mind.

How to Participate in the IPO

Applying for an IPO in India is a streamlined process. You can typically apply online using either the UPI (Unified Payments Interface) or ASBA (Application Supported by Blocked Amount) method.

Using UPI (via Brokers): Many brokerage platforms allow you to apply for IPOs directly through their online portals or mobile apps. You will typically log in, navigate to the IPO section, select the desired IPO (Aten Papers & Foam), enter your UPI ID, bid quantity, and price. You will then receive a mandate request on your UPI app (like BHIM, Google Pay, PhonePe, or your bank's UPI app) which you need to approve to block the funds.
Using ASBA (via Banks): If your bank offers ASBA services (most major banks do), you can apply directly through your net banking portal. Log in to your bank's net banking, find the IPO section, select the IPO, enter your bid details, and submit. The funds will be blocked in your account until allotment.

Conclusion: Is Aten Papers & Foam IPO Right for You?

The Aten Papers & Foam IPO presents an opportunity to invest in a growing entity within the paper products supply chain, listed on the BSE SME platform. The company's recent financial performance indicates robust growth, supported by an experienced management team and a diverse product range. However, as with any investment, particularly in the SME segment, it’s crucial to conduct your own due diligence. Evaluate the company's business model, future prospects, the sustainability of its recent growth, and consider the market sentiment. An informed decision, aligned with your investment goals and risk appetite, will be key to navigating this potential opportunity.

June 12, 2025

Oswal Pumps

Unpacking the Oswal Pumps Public Offering: Your Comprehensive Guide

Discover key insights into Oswal Pumps Limited's upcoming Initial Public Offering.

The Indian primary market is buzzing once again with the announcement of Oswal Pumps Limited's highly anticipated Initial Public Offering (IPO). For investors looking to participate in the growth story of a prominent player in the pumps and solar solutions sector, understanding the nuances of this offering is crucial. This detailed guide provides a thorough analysis of Oswal Pumps IPO, covering everything from its business operations to financial health and the specifics of the public issue.

About Oswal Pumps Limited: Powering India's Growth

Established in 2003, Oswal Pumps Limited has emerged as a significant manufacturer and distributor of a wide array of pumps and related equipment. Their product portfolio is diverse, serving domestic, agricultural, and industrial needs. Key offerings include:

Solar pumps
Submersible pumps
Monoblock and pressure pumps
Sewage pumps
Electric motors and associated components like submersible winding wires & cables, and electric panels.

A notable aspect of their business is their strong presence in the solar pumping sector. As of August 31, 2024, the company successfully executed 26,270 turnkey solar pumping systems directly under the PM-KUSUM Scheme across various states like Haryana, Rajasthan, Uttar Pradesh, and Maharashtra. With a manufacturing facility in Karnal, Haryana, spanning over 41,076 square meters, Oswal Pumps boasts a robust operational base. Their distribution network has also seen substantial growth, expanding from 473 distributors in March 2022 to 636 by March 2024, alongside exports to 17 countries globally.

Oswal Pumps IPO: Key Offering Details

The public offering by Oswal Pumps Limited is a book-built issue, combining fresh issuance of new shares and an offer for sale (OFS) by existing shareholders. Below are the essential details of the IPO:

Detail	Specification
Offering Period	June 13, 2025 to June 17, 2025
Face Value	₹1 per share
Price Range	₹584 to ₹614 per share
Lot Size	24 Shares
Total Issue Volume	2,25,95,114 shares (aggregating up to ₹1,387.34 Cr)
Fresh Issue Component	1,44,95,114 shares (aggregating up to ₹890.00 Cr)
Offer for Sale (OFS) Component	81,00,000 shares (aggregating up to ₹497.34 Cr)
Issue Structure	Bookbuilding IPO
Listing Exchanges	BSE, NSE

Investor Categories and Allotment Allocation

The shares are reserved for different investor categories as follows:

Investor Category	Shares Offered
Qualified Institutional Buyers (QIBs)	Not more than 50.00% of the Offer
Retail Individual Investors	Not less than 35% of the Offer
Non-Institutional Investors (NII/HNI)	Not less than 15% of the Offer

Understanding Lot Sizes and Investment Amounts

Investors can bid for a minimum of 24 shares and in multiples thereof. Here's a breakdown of the minimum and maximum investment for various investor types:

Application Type	Lots (Min/Max)	Shares (Min/Max)	Amount (Min/Max)
Retail (Min)	1	24	₹14,736
Retail (Max)	13	312	₹1,91,568
Small NII (Min)	14	336	₹2,06,304
Small NII (Max)	67	1,608	₹9,87,312
Big NII (Min)	68	1,632	₹10,02,048

For retail investors, it is generally recommended to bid at the cut-off price to maximize chances of allotment, especially in oversubscribed scenarios.

IPO Timeline: Marking Your Calendar

Keep track of the important dates for the Oswal Pumps IPO to ensure you don't miss out on any crucial steps.

Tentative Schedule

IPO Open Date
Fri, Jun 13, 2025

IPO Close Date
Tue, Jun 17, 2025

Tentative Allotment
Wed, Jun 18, 2025

Tentative Listing Date
Fri, Jun 20, 2025

Please note that these dates are tentative and subject to change. Investors should regularly check official announcements for any updates.

Financial Performance Snapshot

A look at Oswal Pumps Limited's financial health provides insights into its growth trajectory and operational efficiency. Here's a summary of their restated consolidated financials:

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets (₹ Crore)	1,096.01	511.28	252.30	221.84
Revenue (₹ Crore)	1,067.34	761.23	387.47	361.11
Profit After Tax (₹ Crore)	216.71	97.67	34.20	16.93
Net Worth (₹ Crore)	378.80	160.17	59.97	24.57
Total Borrowing (₹ Crore)	346.30	75.42	59.28	87.54

Key Performance Metrics (as of March 31, 2024)

These indicators provide deeper insights into the company's efficiency and profitability:

Metric	Value
Return on Capital Employed (ROCE)	81.85%
Debt/Equity Ratio	0.42
Return on Net Worth (RoNW)	88.73%
Profit After Tax Margin	12.83%
Price to Book Value	38.14

Earnings Per Share (EPS) and Price-to-Earnings (P/E) Ratio

The valuation metrics are crucial for assessing the offering's attractiveness:

Metric	Pre-IPO	Post-IPO
Earnings Per Share (₹)	9.82	25.35
Price-to-Earnings (x)	62.54	24.22

*Note: Pre-IPO EPS is based on pre-issue shareholding and FY24 earnings (as of March 31, 2024). Post-IPO EPS is based on post-issue shareholding and annualized FY25 earnings (as of December 31, 2024).*

Promoters and Their Vision

The driving forces behind Oswal Pumps Limited are its promoters: Vivek Gupta, Amulya Gupta, Shivam Gupta, Ess Aar Corporate Services Private Limited, Shorya Trading Company Private Limited, and Singh Engcon Private Limited. Their collective vision has steered the company's growth.

Promoter Shareholding

The current shareholding of the promoters stands at:

**Pre-IPO Shareholding:** 99.88%
**Post-IPO Shareholding:** (To be calculated post-dilution from the fresh issue)

Purpose of the Offering Proceeds

Oswal Pumps Limited intends to utilize the net proceeds from this public offering for several key objectives aimed at strengthening its financial position and fueling future growth:

S.No.	Objective	Expected Amount (₹ in crores)
1	Funding certain capital expenditures	89.86
2	Investment in wholly-owned subsidiary (Oswal Solar) for new manufacturing units in Karnal, Haryana	272.76
3	Partial or full pre-payment/re-payment of company's outstanding borrowings	280.00
4	Investment in wholly-owned subsidiary (Oswal Solar) for repayment/prepayment of its outstanding borrowings	31.00
5	General corporate purposes	(Remaining amount)

Applying for the Oswal Pumps IPO

Applying for an IPO online has become a streamlined process. Most brokerage platforms offer a convenient way to apply. You can typically apply using either UPI (Unified Payments Interface) or ASBA (Applications Supported by Blocked Amount) as your payment method.

General Steps for Online IPO Application:

Login to your broker's trading platform (e.g., their website or mobile app).
Navigate to the "IPO" or "Public Issues" section.
Find the "Oswal Pumps IPO" and click to bid.
Enter your UPI ID (for UPI applications) or select your bank account (for ASBA applications).
Specify the quantity of shares you wish to apply for (in multiples of the lot size) and your bid price. Opting for the "cut-off price" is a common strategy for retail investors.
Submit your application.
If using UPI, approve the mandate request in your UPI application within the stipulated time.

IPO Support Team Details

Company Contact Information

**Company Name:** Oswal Pumps Limited
**Address:** Oswal Estate NH-1, Kutail Road, P. O. Kutail, District Karnal, Karnal, Haryana
**Phone:** +91 18 4350 0307
**Email:** investorrelations@oswalpumps.com
**Website:** www.oswalpumps.com

IPO Registrar Details

The registrar for the Oswal Pumps IPO is responsible for managing the application and allotment process.

**Registrar Name:** MUFG Intime India Private Limited (Link Intime)
**Phone:** +91-22-4918 6270
**Email:** oswalpumps.ipo@linkintime.co.in
**Website:** linkintime.co.in

Book Running Lead Managers

These financial institutions are responsible for managing the IPO process:

IIFL Capital Services Limited
Axis Capital Limited
CLSA India Private Limited
JM Financial Limited
Nuvama Wealth Management Limited

June 11, 2025