Public Listing

Category: LISTED IPO

  • Virtual Galaxy Infotech Limited IPO

    Virtual Galaxy Infotech Ltd IPO: An In-Depth Analysis

    Virtual Galaxy Infotech Ltd IPO: A Deep Dive into the Offering

    The Indian primary market is buzzing with activity, and another tech company is set to make its debut. Virtual Galaxy Infotech Limited (VGIL), a Nagpur-based IT services and consulting firm, is launching its Initial Public Offering (IPO). This blog provides a comprehensive overview of the VGIL IPO, delving into company details, financials, objectives, and other key aspects to help potential investors make an informed decision.

    Decoding Virtual Galaxy Infotech: Company Profile

    Established in 1997, Virtual Galaxy Infotech Limited has carved a niche for itself in providing technology solutions. With a team of over 300 professionals, VGIL caters to a diverse range of sectors, including Banking, Financial Services, and Insurance (BFSI), Enterprise Resource Planning (ERP), cloud computing, and the Internet of Things (IoT).

    Their flagship product, “e-banker,” is a testament to their capabilities, currently powering operations in over 5,000 bank branches. The company boasts multiple ISO certifications, underscoring its commitment to quality and security. VGIL’s client base spans across 15 Indian states and extends internationally to countries like Tanzania and Malawi, focusing on delivering automation, compliance, and decision-support services.

    The company is spearheaded by Mr. Avinash Shende (Chairman & Managing Director) and Mr. Sachin Pande (Managing Director), who bring valuable experience to the table.

    Virtual Galaxy Infotech IPO: At a Glance

    Here are the crucial details about the Virtual Galaxy Infotech IPO:

    ParticularsDetails
    IPO Open Date09 May 2025
    IPO Close Date14 May 2025
    Proposed Listing Date19 May 2025
    IPO Price Range₹ 135 to ₹ 142 per share
    Total IPO Size₹ 93.29 Crores
    Issue TypeFresh Issue of ₹ 93.29 Crores (No Offer For Sale component)
    Listing ExchangeNSE SME
    Minimum Investment (Retail)₹ 135,000 (for 1000 shares)

    Mark Your Calendars: Key IPO Dates

    IPO Journey Timeline
    May 09, 2025
    Bidding Starts
    May 14, 2025
    Bidding Ends
    May 15, 2025
    Allotment Finalisation
    May 16, 2025
    Refund Initiation
    May 16, 2025
    Demat Transfer
    May 19, 2025
    Listing Day

    Investment Blueprint: Issue Size and Lot Particulars

    The entire IPO of ₹93.29 crore is a fresh issue, meaning the proceeds will go directly to the company for its growth and operational needs.

    Lot Size Details:

    Application CategoryLotsSharesAmount (at upper price band of ₹142)
    Retail (Minimum)11000₹ 142,000
    Retail (Maximum)11000₹ 142,000
    HNI (Minimum)22000₹ 284,000

    Note: The minimum investment for retail investors is ₹135,000 at the lower price band and ₹142,000 at the upper price band.

    Fueling Growth: How IPO Proceeds Will Be Utilized

    Virtual Galaxy Infotech plans to utilize the net proceeds from the IPO for the following purposes:

    • Capital expenditure for establishing a new development facility in Nagpur, Maharashtra.
    • Repayment or prepayment of certain existing borrowings.
    • Investment in GPU, server, and storage systems for its Data Centre.
    • Upgrading existing products, including hiring skilled personnel.
    • Funding business development and marketing initiatives.
    • General corporate purposes.

    Under the Microscope: A Look at VGIL’s Financial Performance

    A glance at the company’s financials reveals a positive trajectory, especially in recent years. Here’s a summary (figures in ₹ Crores):

    Key Profit & Loss Highlights:

    ParticularsFY22FY23FY24
    Revenue43.4459.7663.58
    EBITDA9.1611.9331.36
    Profit After Tax (PAT)0.400.7216.54

    The company has shown significant growth in its Profit After Tax (PAT) in FY24, which is a key positive indicator. Revenue has also seen a steady increase over the past three fiscal years.

    Balance Sheet Insights:

    ParticularsFY22FY23FY24
    Total Assets67.8084.36116.93
    Share Capital (Pre-IPO)11.0011.0011.00
    Total Borrowings35.5638.8538.64

    Total assets have expanded, and the company aims to reduce borrowings with IPO proceeds, which could strengthen the balance sheet further.

    Cash Flow Statement Summary:

    Particulars (₹ Crores)FY22FY23FY24
    Net Cash from Operating Activities11.859.3628.40
    Net Cash from Investing Activities-5.04-9.58-31.12
    Net Cash from Financing Activities-6.380.542.10
    Net Change in Cash & Equivalents0.430.32-0.61

    Increased cash flow from operations in FY24 is a positive sign, while cash used in investing activities reflects capital expenditures, likely for expansion.

    Riding the Tech Wave: Industry Outlook and VGIL’s Positioning

    The Indian Software as a Service (SaaS) industry is on a high-growth trajectory, expanding at approximately 30% annually. This growth is fueled by increasing cloud adoption, the shift towards remote work, online collaboration tools, and overall digitization efforts across various sectors. Reports project SaaS revenue in India to surge from $7.18 billion in 2023 to a staggering $62.93 billion by 2032. As of 2023, India is home to over 1,000 SaaS companies, with more than 150 achieving over $1 million in annual revenue.

    Virtual Galaxy Infotech, with its 25+ year track record and focus on digital solutions for BFSI and other sectors, along with its presence in India and Africa, appears well-positioned to leverage this rising demand for technology services and digital transformation.

    Potential Upsides: What Makes the VGIL IPO Potentially Interesting?

    • Strong Financial Momentum: The company has demonstrated robust financial growth, particularly the significant jump in PAT for FY24.
    • Established Product Suite: VGIL’s flagship product, “e-banker,” enjoys usage in over 5,000 bank branches, indicating market acceptance and a solid revenue stream.
    • Strategic Use of Funds: IPO proceeds are earmarked for crucial expansion activities, technological upgrades, and debt reduction, which can pave the way for future growth.
    • Experienced Player: With over two decades of experience and a presence across India and parts of Africa, VGIL has a proven track record and is set to benefit from the increasing demand for digital solutions.

    Strategic Analysis: Strengths, Weaknesses, Opportunities, and Threats (SWOT)

    Strengths:

    • Offers integrated software solutions, particularly strong in the BFSI sector.
    • Business operations are diversified across various industries and geographical regions to some extent.
    • Benefits from strong recurring revenue streams due to long-term relationships with clients.
    • Led by an experienced management team with a proven track record in the industry.

    Weaknesses:

    • Significant reliance on its core banking product, “E-Banker,” for revenue.
    • A notable concentration of revenue generation from Maharashtra.
    • Geographic diversification is somewhat limited beyond its key operational regions.
    • A majority of its revenue is dependent on the performance and demands of the BFSI segment.

    Opportunities:

    • Expanding market for digital banking solutions globally and in India.
    • Potential for growing its international footprint, especially in African markets.
    • Increasing necessity for automation and compliance tools across industries.
    • Rising adoption of IT services in non-BFSI sectors, offering new avenues for growth.

    Threats:

    • Loss of key clients could significantly impact revenue streams.
    • A reduction in government or private sector orders could hamper growth prospects.
    • Regional instability or economic slowdowns in Maharashtra could affect operations.
    • A slowdown in the BFSI sector could lead to reduced demand for its specialized services.

    Promoters and Shareholding

    The key promoters of Virtual Galaxy Infotech Ltd are Mr. Avinash Shende and Mr. Sachin Pande. As this IPO is a fresh issue, the existing promoter shareholding will dilute post-IPO. Investors are advised to refer to the Red Herring Prospectus (RHP) for detailed pre and post-issue shareholding patterns.

    Peer Comparison

    Some of the listed peers in a similar domain include:

    • Veefin Solutions Limited
    • Network People Services Technologies Limited
    • Trust Fintech Limited

    Investors may want to compare VGIL’s valuation and performance metrics against these peers once available post-listing.

    Anchor Investors

    Details regarding anchor investor participation, if any, are typically announced closer to the IPO opening date. Investors should check official sources for this information.

    Subscription Status

    The live subscription status for the Virtual Galaxy Infotech IPO can be tracked on the websites of the stock exchanges (NSE) and through various financial news portals during the bidding period (May 09 – May 14, 2025). This data provides insights into investor interest across different categories.

    How to Apply for the Virtual Galaxy Infotech IPO?

    Investors can apply for the IPO through their stockbroker using the ASBA (Application Supported by Blocked Amount) facility via their bank accounts or through their trading platform’s UPI-based IPO application process. The general steps include:

    1. Login to your trading/demat account or net banking portal.
    2. Navigate to the current IPO section and select the Virtual Galaxy Infotech IPO.
    3. Enter the number of lots you wish to apply for and the price (within the price band, or at cut-off).
    4. Enter your UPI ID (if applying via broker’s app/website) and submit the application.
    5. You will receive a mandate request on your UPI app; approve this to block the funds. The funds will only be debited if shares are allotted.

    Getting in Touch: Company and Registrar Details

    Virtual Galaxy Infotech Limited

    Address: 3, Central Excise Colony, Behind Mahatme Eye Bank, Chhatrapati Sq., Ring Road, Nagpur, Maharashtra

    Phone: +91 9226531342

    Email: investors@vgipl.in

    (For more details, refer to the official company website and RHP)

    IPO Registrar: Maashitla Securities Private Limited

    Phone: +91-11-45121795-96

    Email: ipo@maashitla.com

    (For allotment status and IPO-related queries, contact the registrar)

    Concluding Thoughts

    The Virtual Galaxy Infotech IPO presents an opportunity to invest in a company with an established presence in the IT services sector, particularly catering to BFSI clients. Its recent financial performance, especially the surge in profitability, and the growth potential of the SaaS and digital transformation market are noteworthy points. However, potential investors should also carefully consider the risks, such as dependency on key products and sectors, and conduct their own due diligence. Analyzing the company’s fundamentals, future growth prospects, valuation relative to peers (once available), and aligning the investment with their risk appetite is crucial before subscribing to the IPO.

    Disclaimer: This blog post is for informational and educational purposes only and should not be construed as investment advice. Investing in IPOs and the stock market involves risks, including the loss of principal. Please consult with a qualified financial advisor before making any investment decisions. The information provided is based on data available as of the “Last Updated” date mentioned in the source and the company’s RHP; details may change. Readers are encouraged to review the RHP and other official documents thoroughly.

  • Manoj Jewellers Limited IPO

    Manoj Jewellers IPO: Dates, Details, and What Investors Should Consider

    Manoj Jewellers IPO: Dates, Details, and What Investors Should Consider

    Manoj Jewellers Limited is preparing to launch its Initial Public Offering (IPO), offering investors an opportunity to be part of its growth journey in the vibrant jewellery sector. With the subscription window opening soon, here’s a comprehensive look at the IPO details, company background, and key factors to evaluate.

    Description of the image

    Key IPO Details at a Glance

    Here are the essential details for the Manoj Jewellers IPO:

    DetailInformation
    TypeFixed Price Issue, SME IPO
    Issue Size₹16.20 Crore
    Fresh Issue30,00,000 Equity Shares
    Price Per Share₹54 (Fixed Price)
    Minimum Investment (Retail)₹1,08,000 (1 Lot = 2,000 Shares)
    Minimum Investment (HNI)₹2,16,000 (2 Lots = 4,000 Shares)
    Listing PlatformBSE SME

    Important Dates Timeline

    Mark your calendars with these key dates for the Manoj Jewellers IPO:

    May 05
    Open
    May 07
    Close
    May 08
    Allotment
    May 09
    Refunds
    May 12
    Listing

    (Timeline is indicative and based on official dates provided in the RHP)

    About Manoj Jewellers Limited

    Operating in the retail and wholesale segments, Manoj Jewellers Limited specializes in gold and diamond ornaments. Their product portfolio is extensive, featuring everything from rings, bangles, and necklaces to intricate bridal sets, often adorned with precious and semi-precious stones. The designs aim to cater to diverse customer tastes and occasions.

    Quality assurance is a significant focus for the company. They ensure the purity and durability of their gold through hallmarking via BIS-recognised centres. Currently, the company operates two showrooms situated in Chennai, providing direct customer engagement points.

    The company is steered by promoters including Mr. Manoj Kumar, Ms. Raj Kumari, Mr. Sunil Shantilal, and Ms. Shalu, supported by an experienced management team overseeing various aspects of the business, from finance to design and marketing.

    Understanding the Industry Landscape

    The Indian jewellery market presents a promising backdrop for companies like Manoj Jewellers. Recent trends indicate:

    • India’s gold demand saw a healthy rise in Q1 2024, including an increase in jewellery consumption year-on-year, suggesting a positive market sentiment for ornaments.
    • The value of jewellery demand has also increased, alongside a notable jump in demand for gold as an investment asset. This dual growth supports businesses operating in both retail and investment segments of the market.
    • Elevated gold prices, influenced by global economic factors and inflation concerns, have reinforced gold’s traditional role as a safe haven asset, potentially boosting demand, particularly during peak seasons like festivals and weddings.

    A Look at Financial Performance

    Reviewing the company’s financials over the past three years reveals a growth trajectory:

    Particulars (₹ lakh)Year ending March 31, 2024Year ending March 31, 2023Year ending March 31, 2022
    Revenue from Operations4,335.111,363.01675.18
    Profit After Tax (PAT)324.1362.3636.47
    Earnings Per Share (₹)5.421.140.69
    Return on Capital Employed (RoCE %)30.5714.7210.72
    Return on Equity (RoE %)39.6313.8716.20
    EBITDA (₹ lakh)571.70203.51164.87

    Key Financial Metrics

    Key Performance IndicatorValue (as of March 31, 2024)
    Return on Equity (RoE %)39.63
    Return on Capital Employed (RoCE %)30.57
    Debt/Equity Ratio1.57
    PAT Margin (%)7.48

    Strengths and Potential Risks

    Every investment opportunity comes with its set of positive aspects and potential challenges. Here’s a look at those for Manoj Jewellers:

    Strengths:

    • A wide variety of jewellery caters to different preferences and budgets.
    • Emphasis on design keeps the company aligned with market trends and customer demand.
    • Over 15 years of experience from the promoters can contribute to stable business operations.
    • A skilled management team brings diverse expertise in key areas.
    • Building customer trust through dependable delivery and certified quality standards.

    Potential Risks:

    • Any legal proceedings involving key individuals could impact the company’s focus and resources.
    • Financial results can be significantly affected by the seasonal nature of jewellery sales.
    • Failure to quickly adapt to changing consumer trends and fashion could reduce market relevance.
    • Lower customer traffic in showrooms could negatively affect sales volume.
    • Fluctuations in the price of gold can influence procurement costs and profit margins.

    Objectives of the IPO

    The net proceeds from the IPO are planned for the following uses:

    • To reduce the company’s existing debt by repaying or prepaying certain loans.
    • To be utilised for general corporate requirements.

    IPO Allocation Structure

    The IPO is structured with reservations for different investor categories:

    Investor CategoryProportion of Net Issue
    Retail Individual Investors (RII)50%
    Other Investors50%

    Understanding the Lot Size

    Here’s the breakdown of the minimum and maximum application sizes:

    Application TypeLotsSharesAmount (₹)
    Retail (Minimum)12,0001,08,000
    Retail (Maximum)12,0001,08,000
    HNI (Minimum)24,0002,16,000

    Promoter Holding

    The promoter group consists of S Manojkumar, Raj Kumari M, S Sunil, and Shalu. Their shareholding before the IPO stands at 94.99%, which will be reduced to 63.28% after the issue.

    Peer Comparison Overview

    Here’s how Manoj Jewellers compares to some listed peers based on selected metrics:

    Company NameEPS (Basic)NAV (per share in ₹)RoNW (%)
    Manoj Jewellers Limited5.4216.3733.08
    D. P. Abhushan Limited27.8235.4125.91
    Moksh Ornaments Limited1.1710.6710.92
    Shubhlaxmi Jewel Art Limited1.2220.445.63

    How to Apply for the IPO

    Applying for an IPO online is a streamlined process through your brokerage account. Typically, the steps involve:

    1. Logging into your online trading/investing platform.
    2. Navigating to the IPO section.
    3. Selecting the Manoj Jewellers IPO.
    4. Entering the desired lot size (within the limits for your investor category).
    5. Submitting your UPI ID for payment authorization.
    6. Approving the payment mandate request via your UPI app.

    Checking Allotment Status

    Once the allotment process is complete, you can check your status, usually via your brokerage platform or the IPO registrar’s website. Notifications are often sent via email or push notifications by your broker.

    Important Considerations for Prospective Investors

    Before deciding to invest in the Manoj Jewellers IPO, market participants should:

    • Thoroughly review the Red Herring Prospectus (RHP) for complete and official details.
    • Understand the company’s business model, financial health, and future growth prospects.
    • Evaluate the industry outlook and competitive landscape.
    • Assess their own investment goals and risk tolerance. SME IPOs, while potentially offering high rewards, also carry higher risks.
    • Consider consulting with a qualified financial advisor to make an informed decision based on their individual circumstances.

    Making well-researched investment decisions is crucial in the dynamic capital markets.

    Registrar and Lead Manager

    The IPO process is managed by key entities:

    • Lead Manager: Jawa Capital Services Private Limited
    • Registrar: Skyline Financial Services Private Limited
      • Contact Number: 022-28511022
      • Email Address: ipo@skylinerta.com

    Conclusion

    The Manoj Jewellers IPO offers an opportunity to invest in a jewellery company with established operations and a focus on quality within a growing industry. With the IPO opening on May 5, 2025, prospective investors have a limited window to participate. Carefully considering the company’s details, financial performance, strengths, and risks, as outlined above and in the official RHP, is an essential step before making an investment decision.

  • Srigee DLM Limited IPO

    Srigee DLM IPO: Unpacking the Upcoming Manufacturing Opportunity

    The Indian manufacturing sector is witnessing significant growth, driven by favorable government policies and rising domestic demand. Against this backdrop, Srigee DLM Limited, a company specializing in design-led manufacturing across diverse segments, is set to launch its Initial Public Offering (IPO). This upcoming SME IPO presents an opportunity for investors to potentially participate in the company’s expansion journey. Let’s delve into the details of the Srigee DLM IPO, its business, financials, and key considerations.

    Understanding Srigee DLM Limited

    Established in 2005, Srigee DLM began its operations with plastic mouldings for consumer durables. Over the years, the company strategically expanded its capabilities, venturing into home appliances by 2013. Today, Srigee DLM is recognized for its design-led manufacturing services, encompassing various critical processes like plastic injection moulding, tool and die making, mobile phone sub-assembly, and polymer compounding. The company caters to a wide array of sectors including electronics, automotive, and home appliances, partnering with prominent Original Equipment Manufacturers (OEMs). With plans to expand its manufacturing footprint with a new facility in Greater Noida, Uttar Pradesh, Srigee DLM aims to leverage the growing demand for outsourced manufacturing services.

    Srigee DLM IPO at a Glance: Key Details

    DetailInformation
    IPO StatusUpcoming
    Open DateMay 05, 2025
    Close DateMay 07, 2025
    Listing DateMay 12, 2025
    Price Range₹94 to ₹99 per share
    IPO Size₹16.98 Crores (Fresh Issue)
    Listing ExchangeBSE SME

    IPO Timeline Visual Tracker

    Keep track of the key dates for the Srigee DLM IPO:

    1
    Bidding Starts
    May 5, 2025
    2
    Bidding Ends
    May 7, 2025
    3
    Allotment Finalisation
    May 8, 2025
    4
    Refund Initiation
    May 9, 2025
    5
    Demat Transfer
    May 9, 2025
    6
    Listing Date
    May 12, 2025

    Purpose of the IPO Proceeds

    Srigee DLM intends to utilize the capital raised through the IPO for the following key objectives:

    • Meeting capital expenditure requirements.
    • Establishing a new manufacturing facility in Greater Noida, Uttar Pradesh.
    • Acquiring necessary machinery for the proposed manufacturing facility.
    • General corporate purposes.

    Financial Performance Snapshot (in ₹ Crores)

    Analyzing the company’s recent financial performance provides insight into its trajectory:

    Profit and Loss

    ParticularsFY22FY23FY24
    Revenue33.0447.2554.65
    EBITDA2.244.654.92
    PAT (Profit After Tax)1.132.813.10

    Balance Sheet

    ParticularsFY22FY23FY24
    Total Assets16.2319.8924.99
    Share Capital1.811.814.26
    Total Borrowings3.712.512.27

    The financials indicate consistent growth in revenue and profitability over the last three fiscal years, alongside an increase in total assets and a reduction in total borrowings.

    IPO Structure and Lot Size

    IPO ComponentSize (₹ Cr)
    Total IPO Size16.98
    Fresh Issue16.98
    Offer For Sale (OFS)–

    Minimum Investment and Lot Size

    Investor CategoryMin LotsMin SharesMin Amount (₹)
    Retail11200112,800
    HNI22400225,600

    Industry Landscape and Growth Drivers

    The Design-Led Manufacturing (DLM) sector in India is poised for growth. Several factors contribute to this potential:

    • Increased tendency among OEMs to outsource manufacturing processes to enhance cost efficiency and focus on core competencies.
    • Supportive government initiatives like ‘Make in India’ and the Production Linked Incentive (PLI) schemes, which are actively promoting domestic manufacturing.
    • Robust demand and expansion witnessed in key end-user sectors such as consumer durables, electronics, and automotive.

    Srigee DLM’s integrated service offerings and strategic expansion plans, particularly the new facility in Greater Noida, position the company to potentially capitalize on these favorable industry tailwinds and achieve scalable growth.

    Evaluating the Srigee DLM IPO: A Look at Strengths, Weaknesses, Opportunities, and Threats

    Strengths of Srigee DLM

    • Established relationships with leading OEMs across multiple sectors provide a stable customer base.
    • Offers end-to-end manufacturing solutions, supported by an in-house design and development team, enhancing efficiency and control.
    • Holds relevant certifications for quality, safety, and automotive manufacturing, indicating adherence to industry standards.
    • Demonstrated consistent growth in revenue and profitability over the past three financial years, reflecting operational health.

    Potential Challenges (Weaknesses)

    • Significant dependency on a small number of top customers for a majority of revenue could pose business risks if these relationships change.
    • Concentrated customer base suggests limited diversification, which might impact revenue stability in case of sector-specific downturns or customer issues.
    • The company and its promoters are involved in ongoing legal proceedings, which could potentially impact future performance.
    • Unfavorable outcomes from these legal matters might negatively affect the company’s financial and operational standing.

    Growth Avenues (Opportunities)

    • Expansion plans, including the new Greater Noida facility, open avenues for growth, particularly in electronics and advanced assembly processes.
    • Rising demand in sectors like consumer durables and automotive presents opportunities for increased order volumes.
    • There is potential to expand the customer base by onboarding new clients, reducing customer concentration risk.
    • The polymer compounding and trading business offers scope for future growth and diversification of revenue streams.

    External Factors (Threats)

    • The risk associated with a concentrated customer base could impact revenue predictability and overall business stability.
    • Competition from larger, established contract manufacturers in the industry poses a significant external threat.
    • Any delays or cost overruns in the planned facility expansion could hinder the company’s projected growth trajectory.
    • Potential economic slowdowns could lead to reduced order volumes from OEMs across its served sectors.

    How to Apply for the Srigee DLM IPO

    Investors interested in applying for the Srigee DLM IPO can typically do so through their brokerage account. Here are the general steps using a platform like 5paisa:

    1. Login to your brokerage account .
    2. Navigate to the IPO section and select the Srigee DLM IPO.
    3. Enter the number of lots you wish to apply for and select your preferred price within the band (or apply at the cut-off price).
    4. Enter your UPI ID linked to your bank account.
    5. Submit your application.
    6. Approve the UPI mandate request received on your UPI app to block the application amount in your bank account.

    Ensure you have sufficient funds in your bank account and the UPI mandate is approved before the application window closes.

    Key IPO Stakeholders

    • Book Running Lead Manager: GYR Capital Advisors Private Limited
    • IPO Registrar: Bigshare Services Pvt Ltd
    • Company Contact Information:
      • Srigee DLM Limited
      • Plot No. 434, Udyog Kendra 2, Ecotech 3, Greater Noida
      • Phone: +91 9911786252
      • Email: compliance@srigee.com
      • Website: http://www.srigee.com/

    Conclusion

    Srigee DLM’s IPO is an upcoming event in the SME segment, offering investors a chance to invest in a company with a growing presence in the design-led manufacturing sector, serving key industries and showing consistent financial growth. The company aims to use the IPO proceeds for expansion, targeting further growth. However, like any investment, potential investors should carefully review the RHP (Red Herring Prospectus) document, assess the company’s business model, financials, the potential risks outlined (such as customer concentration and legal proceedings), and consider the prevailing market conditions. Evaluating these factors against individual investment goals and risk appetite is crucial before making an investment decision. Considering consulting with a financial advisor is also advisable.

  • Kenrik Industries IPO

    Kenrik Industries SME IPO: A Comprehensive Guide

    Kenrik Industries SME IPO: A Comprehensive Guide for Investors

    Kenrik Industries Logo

    Kenrik Industries Limited is set to launch its SME IPO, opening on April 29, 2025, and closing on May 6, 2025. This blog post provides a detailed overview of the IPO, including essential information, analysis, and guidance to help investors make informed decisions.

    IPO Progress

    Opening: 29th Apr | Closing: 6th May | Listing: 9th May

    Kenrik Industries: Company Overview

    Kenrik Industries specializes in the manufacture and supply of gold jewellery, including plain and studded designs. Their product range includes rings, earrings, necklaces, bracelets, and more, catering to high-end, mid-market, and value market segments. Operating on a B2B model, they design jewellery on a job work basis at their Ahmedabad, Gujarat facility. In fiscal year 2024, the company reported a total revenue of approximately ₹70.77 million.

    Kenrik Industries SME IPO Details

    Here are the essential details of the Kenrik Industries IPO:

    • IPO Issue Opening Date: April 29, 2025
    • IPO Issue Closing Date: May 6, 2025
    • Issue Price: ₹25.00 per share
    • Face Value: ₹10 per share
    • Listing At: BSE SME
    • Retail Quota: 50% of the net offer
    • Issue Type: Fixed Price Issue
    • Issue Size: ₹87.5 million (₹8.75 Cr)
    • Fresh Issue: ₹87.5 million

    Key Dates to Remember

    ActivityDate (Tentative)
    Basis of Allotment DateMay 7, 2025
    Refunds InitiationMay 8, 2025
    Credit of Shares to DematMay 8, 2025
    SME IPO Listing DateMay 9, 2025

    Lot Size Details

    ActivityDetails
    Issue Price₹25.00
    Market Lot6,000 Shares
    1 Lot Amount₹150,000
    Min HNI Lots12,000 shares (2 lots) – ₹300,000

    Grey Market Premium (GMP)

    DateIPO PriceGMPEstimated Listing Price
    26-Apr-2025₹25.00₹0₹25 (0.00%)

    Please note that GMP prices are news-related and reflect grey market sentiment. It is not recommended to trade based solely on GMP.

    About the Company

    • Manufactures and supplies gold jewellery and ornaments.
    • Offers a variety of products including rings, earrings, pendants, and necklaces.
    • Operates on a B2B model targeting high-end, mid-market, and value market segments.
    • Designs jewellery on a job work basis at its manufacturing unit in Ahmedabad, Gujarat.

    Key Strengths

    • Wide product portfolio.
    • Experienced workforce.
    • Adequate inventory levels.
    • Competitive prices.
    • Strong distribution network.

    Financial Information (Restated)

    Period Ended31 Oct 202431 Mar 202431 Mar 202331 Mar 2022
    Assets (₹ Crore)15.9815.815.5912.47
    Revenue (₹ Crore)42.1970.9752.0432.69
    Profit After Tax (₹ Crore)0.781.080.470.39
    Net Worth (₹ Crore)13.3712.5911.5111.03
    Total Borrowing (₹ Crore)0.990.780.570.35

    IPO Issue Objective

    The company plans to use the net proceeds from the IPO for:

    1. Meeting working capital requirements (₹65.63 million).
    2. General corporate expenses (₹18 million).

    Promoter Holding

    • Pre IPO: 99.996%
    • Post IPO: 72.01%

    Peer Comparison

    CompanyEPS BasicEPS DilutedP/E (x)RoNW
    Kenrik Industries Limited1.181.188.42Restated
    Veerkrupa Jewellers Ltd0.310.314.061.83
    Motisons Jewellers Limited4.34.38.689.82
    Khazanchi Jewellers Ltd11.0111.0128.1514.55

    Company Information

    • Website: http://www.kenrikindustries.net/
    • Phone: +91-9687141430
    • Email: cs@kenrikindustries.net
    • Address: B-306, East Face, Behind Maruti Suzuki Showroom, Nr. S P Ring Road, Ambli Road, Ambli, Daskroi, Ahmedabad, Gujarat-380058, India

    Registrar Information

    • Registrar: Skyline Financial Services Private Ltd
    • Website: https://www.skylinerta.com/ipo.php
    • Phone: 02228511022
    • Email: ipo@skylinerta.com
    • Address: D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi -110020

    Lead Manager

    • Turnaround Corporate Advisors Private Limited

    Conclusion

    The Kenrik Industries SME IPO presents an opportunity to invest in a growing gold jewellery manufacturer. This guide provides essential details about the IPO, helping potential investors understand the company’s business, financials, and IPO specifics. It is important to conduct thorough research and consider factors before making an investment decision. It’s often wise to consult with a financial advisor to ensure that any investment aligns with your personal financial goals and risk tolerance.

  • Arunaya Organics Ltd IPO

    Arunaya Organics SME IPO: A Comprehensive Guide

    Arunaya Organics SME IPO: A Detailed Overview for Investors

    Arunaya Organics Logo

    The IPO market is buzzing with activity, and Arunaya Organics is set to launch its SME IPO, offering investors a chance to participate in the growth story of a company specializing in dyes and dye intermediates. This comprehensive guide provides an in-depth look at the Arunaya Organics IPO, covering essential details, key dates, company financials, and more to help you make an informed investment decision.

    IPO Overview

    Arunaya Organics is launching its SME IPO to raise ₹33.99 Cr. The IPO will be open for subscription from April 29, 2025, to May 2, 2025. Here are some key highlights:

    • Issue Size: ₹33.99 Cr
    • Fresh Issue: ₹30.51 Cr
    • Offer for Sale: ₹3.48 Cr
    • Face Value: ₹10 per share
    • Price Band: ₹55.00-58.00 per share
    • Minimum Lot Size: 2000 shares (₹1,16,000)
    • Listing: NSE SME

    Key IPO Dates

    Stay updated with the important dates for the Arunaya Organics SME IPO:

    ActivityDate
    SME IPO Issue Opening Date29th Apr 2025
    SME IPO Issue Closing Date2nd May 2025
    Basis of Allotment Date*5th May 2025
    Refunds Initiation*6th May 2025
    Credit of Shares to Demat*6th May 2025
    SME IPO Listing Date*7th May 2025

    *Tentative Dates

    Lot Size Details

    Investing in the Arunaya Organics IPO requires a minimum investment in a fixed lot size:

    • Market Lot: 2,000 Shares
    • 1 Lot Amount: ₹1,16,000
    • Minimum HNI Lots: 4000 shares (2 lots) - ₹2,32,000

    Grey Market Premium (GMP)

    The Grey Market Premium (GMP) provides an unofficial indication of the potential listing price. As of 26-Apr-2025, the GMP for Arunaya Organics SME IPO is ₹0.

    DateIPO PriceGMPEstimated Listing Price
    26-04-2025₹58.00₹0₹58 (0.00%)

    Disclaimer: GMP prices are news-related and pertain to the grey market. We do not trade/deal in the grey market, nor do we recommend trading in it.

    About Arunaya Organics

    Arunaya Organics specializes in the trading and manufacturing of various dyes and dye intermediates. Their product range includes:

    • Reactive dyes
    • Acid dyes
    • Direct basic dyes
    • Solvent dyes
    • Dye intermediates

    The company also supplies specialty performance chemicals to the paper and textile industries, catering to both domestic and international markets. Their production facility is located in Naroda, Ahmedabad, Gujarat, with an annual capacity of 30 metric tons.

    Business Segments

    • Manufacturing: Production of dye products such as Acid, Basic, Intermediates, Solvent, and Direct dyes.
    • Trading: Sourcing, selling, and transporting dyes to the textile and paper industries.
    • Job work: Collaboration with Chinmay Chemicals for the supply of various chemicals.

    Company Strengths

    • Wide range of product portfolio.
    • Strong Research and Development (R&D) capability.
    • Experienced promoters and management with strong domain knowledge.

    IPO Objectives

    Arunaya Organics intends to utilize the Net Proceeds from the IPO for the following purposes:

    1. Setting up a new manufacturing facility in Dahej, Gujarat.
    2. Funding working capital requirements.
    3. General corporate purposes.

    Financial Information (Restated)

    Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
    Assets60.7445.0438.6234.36
    Revenue58.2162.7976.3762.26
    Profit After Tax3.64.061.731.33
    Net Worth16.7811.187.194.72
    Total Borrowing13.8113.33.179.9

    Amount in ₹ Crore

    Peer Comparison

    Here's a comparison of Arunaya Organics with its peers:

    CompanyEPS BasicEPS DilutedNAVP/E (x)RoNW
    Arunaya Organics Limited3.953.9510.8836.27NA
    Vipul Organics Ltd2.572.5744.7572.945.73
    Mahickra Chemicals Limited1.321.3241.0381.433.22
    Ducol Organics And Colours Limited3.053.0534.967.06NA

    Company Information

    IPO Registrar

    Bigshare Services Pvt Ltd
    1st Floor, Bharat Tin Works Building,
    Opp. Vasant Oasis, Makwana Road,
    Marol, Andheri(E), Mumbai - 400 059
    Website: https://ipo.bigshareonline.com/IPO_Status.html
    Phone: +91-22-6263 8200
    Email: [email protected]

    Lead Manager

    Unistone Capital Pvt Ltd

    Conclusion

    The Arunaya Organics SME IPO presents an opportunity to invest in a company with a diverse product portfolio and growth potential in the dyes and dye intermediates sector. By carefully analyzing the company's financials, objectives, and key IPO details, investors can make a well-informed decision. It's advisable to consult with financial advisors before investing in any IPO.

    Disclaimer: The information provided in this blog post is for informational purposes only and does not constitute financial advice. Investors are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions. InvestorGain.com is not liable for any losses incurred based on the information provided.

  • Iware Supplychain Services IPO

    Iware Supplychain Services Ltd IPO: A Comprehensive Guide

    Iware Supplychain Services Ltd IPO: A Comprehensive Guide

    Navigating the IPO landscape can be daunting, but understanding the fundamentals of each offering can empower you to make informed decisions. This blog post delves into the details of the Iware Supplychain Services Ltd IPO, providing a holistic overview to assist potential investors.

    Iware Supplychain Services Logo

    Iware Supplychain Services: At a Glance

    Iware Supplychain Services Limited is a logistics solutions provider operating across India. Established in 2018, the company offers a range of services including warehousing, transportation, rake handling, and business support. They cater to various sectors like FMCG, pharmaceuticals, retail, and e-commerce. With a fleet of owned and partnered trucks, along with BCN rakes, Iware aims to provide integrated and efficient logistics solutions.

    • Established: 2018
    • CEO: Twinkle Tanwar
    • Services: Warehousing, Transportation, Rake Handling, Business Support
    • Sectors Served: FMCG, Pharma, Retail, E-commerce
    • Network: Pan-India

    Key IPO Details

    Here are the essential details of the Iware Supplychain Services IPO:

    ParticularsDetails
    StatusPreopen
    Open DateApril 28, 2025
    Close DateApril 30, 2025
    Listing Date (Expected)May 06, 2025
    IPO Price Range₹95 per share
    IPO Size₹27.13 Cr
    Listing ExchangeNSE SME

    IPO Timeline

    Bidding Starts
    Apr 28, 2025     Bidding Ends
    Apr 30, 2025     Allotment
    May 02, 2025     Refunds
    May 05, 2025     Demat Transfer
    May 05, 2025     Listing
    May 06, 2025

    Subscription and Lot Size Details

    Understanding the lot size and investment requirements is crucial before applying for the IPO:

    CategoryLotsSharesAmount
    Retail (Min)11200₹114,000
    Retail (Max)11200₹114,000
    HNI (Min)22400₹228,000

    IPO Size Breakdown

    The IPO size is further divided into:

    • Total IPO Size: ₹27.13 Cr
    • Offer for Sale: -
    • Fresh Issue: ₹27.13 Cr

    Objectives of the IPO

    Iware Supplychain Services plans to utilize the funds raised from the IPO for the following purposes:

    • Capital expenditure for the construction of a new industrial shed
    • Meeting working capital requirements
    • General corporate purposes

    Industry Landscape and Growth Potential

    The logistics sector in India presents a significant growth opportunity:

    • India’s logistics sector is among the largest globally, essential for economic growth.
    • The sector has shown robust recovery post-COVID, growing by 14% in FY22 to reach US$435 billion.
    • Projections estimate the sector will grow to US$591 billion by FY27.
    • Organized logistics is expected to grow at a CAGR of approximately 32% between FY22–FY27.
    • Government initiatives like PM Gati Shakti are expected to support industry formalization and infrastructure growth.

    Why Consider Investing in Iware Supplychain IPO?

    Several factors may make the Iware Supplychain IPO an attractive investment:

    • Strong financial growth, with revenue increasing from ₹43.7 Cr in FY23 to ₹86.1 Cr in FY25.
    • A wide logistics network, including 500+ trucks and over 100 BCN rakes across India.
    • Integrated, tech-enabled logistics services, featuring real-time tracking and multimodal transport.
    • IPO funds are earmarked for infrastructure expansion and meeting working capital needs.

    Financial Performance

    A review of Iware Supplychain Services' financial performance provides insights into its growth trajectory:

    Particulars (in Rs. Crores)FY22FY23FY24
    Revenue43.7258.7786.11
    EBITDA6.2210.8717.00
    PAT0.424.178.02
    Particulars (in Rs. Crores)FY22FY23FY24
    Total Assets39.4746.8156.93
    Share Capital0.010.017.86
    Total Borrowings27.3325.3429.74
    Particulars (in Rs. Crores)FY22FY23FY24
    Net Cash Generated From / (used in) operating activities2.479.745.99
    Net Cash Generated From / (used in) investing activities-4.13-3.32-5.82
    Net Cash Generated From / (used in) financing activities1.36-4.811.50
    Net Increase (Decrease) In Cash And Cash Equivalents-0.311.611.66

    SWOT Analysis

    A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis provides a structured view of Iware Supplychain Services:

    Strengths:

    • Strong nationwide network across multiple Indian states
    • End-to-end logistics services under one roof
    • Integrated rail and road transport solutions
    • Tech-driven operations and real-time tracking

    Weaknesses:

    • Heavy reliance on key clients for revenue
    • High capital intensity limits quick expansion
    • Limited global presence outside India
    • Dependence on fuel prices for transport costs

    Opportunities:

    • Expansion into Tier II and III cities
    • Rising demand from e-commerce and FMCG sectors
    • Government push through logistics policy reforms
    • Growing interest in sustainable logistics solutions

    Threats:

    • Intense competition in the logistics and warehousing sector
    • Regulatory changes impacting operational flexibility
    • Fuel price volatility affects profit margins
    • Economic slowdowns may reduce goods movement

    Frequently Asked Questions (FAQs)

    1. When does the Iware Supplychain Services IPO open and close?
      The IPO opens on April 28, 2025, and closes on April 30, 2025.
    2. What is the size of the Iware Supplychain Services IPO?
      The IPO size is ₹27.13 Cr.
    3. What is the price band of the Iware Supplychain Services IPO?
      The price is fixed at ₹95 per share.
    4. What is the minimum lot size and investment required for the IPO?
      The minimum lot size is 1,200 shares, requiring an investment of ₹114,000.
    5. What is the allotment date of the Iware Supplychain Services IPO?
      The share allotment date is May 2, 2025.
    6. What is the IPO listing date?
      The IPO is expected to be listed on May 6, 2025.
    7. Who is the book running lead manager for the IPO?
      GetFive Advisors Private Limited.
    8. What are the objectives of the IPO?
      To fund capital expenditure, meet working capital requirements, and for general corporate purposes.

    Contact Information

    • Company: Iware Supplychain Services Limited
    • Address: 7th Floor 707 Iscon Elegance, Nr. Jain Temple, Prahladnagar Cross Road, S.G. Highway
    • Phone: +91 9512470099
    • Email: compliance.officer@iware.co.ini
    • Website: www.iware.co.in

    IPO Registrar

    Lead Manager

    • Lead Manager: GetFive Advisors Private Limited

    Conclusion

    The Iware Supplychain Services IPO presents an opportunity to invest in a growing logistics company operating in a sector with significant potential. By carefully evaluating the company's financials, strengths, weaknesses, and the objectives of the IPO, investors can make informed decisions aligned with their investment goals. As always, potential investors should consult with a financial advisor before making any investment decisions.

  • Ather Energy IPO

    Ather Energy IPO: A Comprehensive Guide

    Ather Energy, a prominent name in the Indian electric two-wheeler (E2W) sector, is set to launch its Initial Public Offering (IPO). This blog provides a detailed overview of the Ather Energy IPO, covering essential information for potential investors.

    Ather Energy Logo

    About Ather Energy

    Established in 2013, Ather Energy specializes in designing and manufacturing electric vehicles, battery packs, and charging infrastructure in-house. As of FY24, the company has sold over 107,000 electric two-wheelers and boasts a strong presence in India, Nepal, and Sri Lanka. Their ecosystem includes Ather Grid and Atherstack, supported by manufacturing facilities in Hosur and a global portfolio of 549 IP assets. The company employs 2,454 people as of March 2024.

    IPO Details

    Here are the essential details of the Ather Energy IPO:

    • Status: Preopen
    • RHP: View RHP
    • Minimum Investment: ₹ 13,984/ 46 shares
    DetailValue
    Open Date28 Apr 2025
    Close Date30 Apr 2025
    Listing Date06 May 2025
    IPO Price Range₹ 304 to ₹ 321
    IPO Size₹ 2980.76 Cr
    Listing ExchangeBSE, NSE

    IPO Timeline Progress

    0%
    Bidding Starts (28 Apr 2025)
    Bidding Ends (30 Apr 2025)
    Allotment Finalisation (02 May 2025)
    Listing (06 May 2025)

    Company Information

    • Established in: 2013
    • CEO: Mr. Tarun Mehta

    Peers

    • Hero MotoCorp Limited
    • Bajaj Auto Limited
    • Ola Electric Mobility Limited
    • TVS Motors Limited
    • Eicher Motors Limited

    Objectives of the IPO

    • Capex for E2W factory setup in Maharashtra.
    • Partial/full repayment of company borrowings.
    • Investment in research and development.
    • Marketing expenditure.
    • General corporate purposes.

    Ather Energy IPO Size

    TypesSize
    Total IPO Size₹2,980.76 Cr.
    Offer For Sale₹354.76 Cr.
    Fresh Issue₹2,626.00 Cr.

    Ather Energy IPO Lot Size

    ApplicationLotsSharesAmount
    Retail (Min)146₹13,984
    Retail (Max)13598₹181,792
    S-HNI (Min)14644₹195,776
    S-HNI (Max)673,082₹936,928
    B-HNI (Min)683,128₹950,912

    Ather Energy Industry Landscape and Growth Potential

    • The Indian electric two-wheeler market grew 33% in FY 2023.
    • E2W penetration reached 5.1% in FY 2024 and could rise to 35–40% by FY 2031.
    • Growth is driven by rising fuel costs, government incentives like FAME II, and increasing environmental awareness.
    • The Indian EV market is expected to grow at a CAGR of 30–35% over the next decade.
    • Ather Energy stands out with premium electric scooters and smart features.
    • The company plans to expand into smaller cities and towns.
    • Ather is focused on innovation and new technologies.
    • The main challenge is competition from more affordable mass-market players.

    Why Invest in Ather Energy IPO?

    • Pioneering Brand in EV Space: Ather Energy is one of the leaders in India's electric two-wheeler market, offering innovative and high-quality electric scooters with features like fast charging and smart diagnostics.
    • Financial Backing: The company plans to use the funds raised from the IPO for expanding production capabilities, repaying debts, and investing in R&D, strengthening its financial position.
    • Rising Demand for EVs: With the increasing shift towards electric mobility, Ather is well-positioned to benefit from the growing demand for electric two-wheelers, supported by government incentives and environmental awareness.
    • Expansion and Global Growth: Ather’s expansion into smaller Indian cities and international markets like Nepal and Sri Lanka provides additional growth potential, diversifying its revenue streams.

    Ather Energy Financial Status

    PROFIT AND LOSS

    • Revenue
    • EBITDA
    • PAT

    BALANCE SHEET

    • Total Liabilities
    • Share Capital
    • Total Assets
    Particulars (in Rs. Crores)FY22FY23FY24
    Revenue413.8801.8789.1
    EBITDA-25.5-68.7-64.9
    PAT-344.1-864.5-1059.7
    Total Assets818.61,976.81,913.5
    Share Capital24,14424,16424,164
    Total Borrowings298.4485.2314.9
    Net Cash Generated From / (used in) operating activities-228.4-871.3-267.6
    Net Cash Generated From / (used in) investing activities-6.6-135.0-228.1
    Net Cash Generated From / (used in) financing activities230.7131.7633.2
    Net Increase (Decrease) In Cash And Cash Equivalents-4.3311.1137.5

    Ather Energy IPO SWOT Analysis

    StrengthsWeaknesses
    Internal Factors
    • First to launch smart electric scooters in India
    • Wide charging network with over 2,500 points in 230+ cities
    • Premium design, strong build, and tech features
    • Heavy investment in R&D, especially in battery and software systems
    • Currently not profitable due to high costs
    • Mainly operates in big cities, with less presence in smaller towns
    • Higher priced scooters
    • Limited brand awareness compared to bigger rivals
    OpportunitiesThreats
    External Factors
    • Fast-growing EV market due to rising fuel prices and eco-awareness
    • Potential to expand to more countries
    • Recurring income through software subscriptions
    • Supportive government policies
    • Rising competition from both old and new EV companies
    • Changes in government subsidies
    • Financial pressure from expansion and R&D costs
    • Potential for new battery and EV technologies to make current models outdated

    Frequently Asked Questions (FAQs)

    1. WHEN DOES ATHER ENERGY IPO OPEN AND CLOSE?
      Ather Energy IPO opens from 28 April 2025 to 30 April 2025.
    2. WHAT IS THE SIZE OF THE ATHER ENERGY IPO?
      The size of Ather Energy IPO is ₹2,980.76 Cr.
    3. WHAT IS THE PRICE BAND OF ATHER ENERGY IPO?
      The price of Ather Energy IPO is fixed at ₹304 to ₹321 per share.
    4. HOW TO APPLY FOR ATHER ENERGY IPO?
      To apply for Ather Energy IPO:
      • Login to your Demat account and select the issue in the current IPO section.
      • Enter the number of lots and the price at which you wish to apply for the Ather Energy IPO.
      • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
      You will receive a mandate notification to block funds in your UPI app.
    5. WHAT IS THE MINIMUM LOT SIZE AND INVESTMENT REQUIRED FOR ATHER ENERGY IPO?
      The minimum lot size of Ather Energy IPO is 46 shares and the investment required is ₹13,984.
    6. WHAT IS THE ALLOTMENT DATE OF ATHER ENERGY IPO?
      The share allotment date of Ather Energy IPO is 2 May 2025.
    7. WHAT IS THE ATHER ENERGY IPO LISTING DATE?
      The Ather Energy IPO will likely be listed on 6 May 2025.
    8. WHO IS THE BOOK RUNNER FOR ATHER ENERGY IPO?
      Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, JM Financial Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers for Ather Energy IPO.
    9. WHAT IS THE OBJECTIVE OF THE ATHER ENERGY IPO?
      Ather Energy plans to utilize the raised capital from the IPO for:
      1. Capex for E2W factory setup in Maharashtra.
      2. Partial/full repayment of company borrowings.
      3. Investment in research and development.
      4. Marketing expenditure.
      5. General corporate purposes.

    Contact Information

    ATHER ENERGY
    Ather Energy Limited
    3rd Floor, Tower D, IBC Knowledge Park,
    #4/1 Bannerghatta Main Road,
    Bangalore 560029, Karnataka, India
    Phone: +91 80 6646 5750
    Email: cs@atherenergy.com
    Website: http://www.atherenergy.com/

    ATHER ENERGY IPO REGISTER
    Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: atherenergy.ipo@linkintime.co.in
    Website: https://linkintime.co.in/Initial_Offer/public-issues.html

    ATHER ENERGY IPO LEAD MANAGER
    Axis Capital Limited
    HSBC Securities & Capital Markets Pvt Ltd
    JM Financial Limited
    Nomura Financial Advisory And Securities (India) Pvt Ltd

    Conclusion

    The Ather Energy IPO presents a significant opportunity to invest in a leading electric two-wheeler company poised for growth in the burgeoning Indian EV market. Potential investors should carefully consider the company's objectives, financial status, and associated risks before making an investment decision.

  • Tankup Engineers IPO

    Tankup Engineers IPO: Date, Review, Price & Allotment Details - IPOdekho.IN

    Tankup Engineers IPO: Date, Review, Price & Allotment Details

    Tankup Engineers Limited is set to launch its IPO on the NSE SME platform, offering a fresh issue of shares to the public. This blog post provides a comprehensive overview of the IPO, including key dates, price band, allotment details, and a review of the company's financials.

    Tankup Engineers IPO Banner

    IPO Overview

    Tankup Engineers is entering the capital market with an IPO to raise ₹19.53 crore. This will be achieved through the issuance of new shares. The IPO is scheduled to open on 23 April, 2025 and close on 25 April, 2025. Here are the essential details:

    • IPO Open: 23 April, 2025
    • IPO Close: 25 April, 2025
    • Price Band: ₹133-140 per share
    • Face Value: ₹10 per share
    • Listing: NSE SME
    • Issue Type: Book Build Issue
    • Issue Size: Approx ₹19.53 Crores
    • Fresh Issue: Approx ₹19.53 Crores

    IPO Timeline

    Subscription Details

    The IPO has reserved quotas for different investor categories, ensuring broad participation:

    • Retail Quota: 35%
    • QIB Quota: 50%
    • NII Quota: 15%

    Market Lot Details

    Investors can apply for shares in specific lot sizes:

    Lot SizeSharesAmount
    Retail Minimum1000₹140,000
    Retail Maximum1000₹140,000
    HNI Minimum2000₹280,000

    IPO Dates

    Mark your calendars with these important dates:

    IPO ActivityDate
    Open Date23 April, 2025
    Close Date25 April, 2025
    Allotment Date28 April, 2025
    Refund Date29 April, 2025
    Shares Credit Date29 April, 2025
    Listing Date30 April, 2025

    Company Financial Report (₹ Crore)

    A glimpse into the financial performance of Tankup Engineers:

    Period Ended31 Mar 202431 Mar 202331 Mar 2022
    Assets10.358.682.32
    Revenue19.5411.851.4
    Profit After Tax2.570.790.05
    Net Worth3.681.110.2
    Reserves and Surplus3.430.860.05
    Total Borrowing3.692.571.42

    Company Information

    Tankup Engineers Limited

    1262, SA Goila, Chinhat Lucknow, Uttar Pradesh-226019, India

    IPO Registrar

    Bigshare Services Pvt Ltd

    1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri(E), Mumbai – 400 059

    Frequently Asked Questions (FAQs)

    Q. What is Tankup Engineers IPO?
    Tankup Engineers IPO is an SME IPO listing on NSE SME, aiming to raise Rs 19.53 crore.
    Q. When will Tankup Engineers IPO open?
    The IPO opens on 23 April, 2025 for investors.
    Q. What is the investor's portion for Tankup Engineers IPO?
    The investor's portion is 50% for QIB, 15% for NII, and 35% for Retail.
    Q. What is the IPO size of Tankup Engineers?
    The IPO size is ₹19.53 crores.
    Q. What is the price band for Tankup Engineers IPO?
    The price band is ₹133-140.
    Q. What is the allotment date for Tankup Engineers IPO?
    The allotment date is 28 April, 2025.
    Q. What is the listing date for Tankup Engineers IPO?
    The listing date is 30 April, 2025, on NSE SME.

    Conclusion

    The Tankup Engineers IPO presents an opportunity for investors to participate in the growth of an engineering company. With the IPO opening on 23 April, 2025, potential investors should review the company's prospectus and consider their investment objectives before applying.

  • Infonative Solutions Limited IPO

    Infonative Solutions IPO: A Comprehensive Analysis

    Infonative Solutions IPO: A Comprehensive Guide

    The world of Initial Public Offerings (IPOs) can be both exciting and complex. For investors looking to explore new opportunities, understanding the details of an IPO is crucial. This blog post delves into the Infonative Solutions IPO, providing a comprehensive overview to help you make informed decisions.

    Infonative Solutions IPO Logo

    What is Infonative Solutions?

    Infonative Solutions Limited, established in 2014, specializes in providing custom learning development solutions to both corporate and educational sectors. Their expertise lies in designing and developing eLearning content, offering cloud-based learning management systems (LMS), and a suite of related services. They focus on creating tailored e-learning solutions, consulting services, courseware, and off-the-shelf content, with a strong emphasis on LMS, instructional design, gamification, AR/VR-based content, and software simulations. Their client base includes Fortune 500 companies, Big 4 consulting firms, and various organizations in the IT, education, and government sectors.

    Infonative Solutions IPO Details

    The Infonative Solutions IPO is a book-building issue valued at Rs 24.71 crores. The offering consists entirely of a fresh issue of 31.28 lakh shares. The IPO is set to open for subscription on March 28, 2025, and will close on April 3, 2025. The allotment is expected to be finalized on April 4, 2025, with a tentative listing date on the BSE SME exchange fixed for April 8, 2025.

    Key IPO Information

    • IPO Date: March 28, 2025 to April 3, 2025
    • Listing Date: Tentatively April 8, 2025
    • Face Value: ₹1 per share
    • Issue Price Band: ₹75 to ₹79 per share
    • Lot Size: 1,600 Shares
    • Total Issue Size: 31,28,000 shares (aggregating up to ₹24.71 Cr)
    • Issue Type: Book Building IPO
    • Listing At: BSE SME

    Subscription Details

    Subscription to the IPO is a critical part of the process. Investors should note that the minimum lot size for an application is 1600 shares, translating to a minimum investment of ₹1,20,000. It's often suggested that investors bid at the cutoff price to navigate potential oversubscription scenarios. For High Net Worth Individuals (HNIs), the minimum lot size investment is 2 lots (3,200 shares), amounting to ₹2,52,800.

    IPO Reservation

    Investor CategoryShares Offered
    QIBNot more than 50% of the Net Issue
    RetailNot less than 35% of the Net Issue
    NII (HNI)Not less than 15% of the Net Issue

    IPO Timeline (Tentative Schedule)

    EventDate
    IPO Open DateFri, Mar 28, 2025
    IPO Close DateThu, Apr 3, 2025
    Tentative AllotmentFri, Apr 4, 2025
    Initiation of RefundsMon, Apr 7, 2025
    Credit of Shares to DematMon, Apr 7, 2025
    Tentative Listing DateTue, Apr 8, 2025

    Lot Size Details

    Investors need to be aware of the lot size and the investment amount required.

    Infonative Solutions IPO Lot Size

    ApplicationLotsSharesAmount
    Retail (Min)11600₹1,26,400
    Retail (Max)11600₹1,26,400
    HNI (Min)23,200₹2,52,800

    Company Valuation

    Understanding the financial health of a company is essential before investing. Analyzing key performance indicators (KPIs) provides insights into its potential for growth and profitability.

    Key Performance Indicator (KPI)

    The market capitalization of Infonative Solutions IPO is Rs 93.60 Cr.

    KPIValues
    ROE15.46%
    ROCE18.60%
    Debt/Equity0.19
    RoNW15.46%
    PAT Margin8.20%

    Pre and Post IPO EPS

    Pre IPOPost IPO
    EPS (Rs)1.666.15
    P/E (x)47.5112.84

    Note:

    • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
    • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.

    Company Financials

    Reviewing a company's financials provides insights into its operational efficiency and financial stability. Key metrics like assets, revenue, and profit after tax can help investors assess its performance over time.

    INFONATIVE SOLUTIONS LIMITED FINANCIAL INFORMATION (RESTATED) (Amount in ₹ Crore)

    Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
    Assets18.214.3713.5310.54
    Revenue11.4218.0820.9518.63
    Profit After Tax3.641.451.072.23
    Net Worth13.7510.118.667.59
    Reserves and Surplus12.889.238.517.44
    Total Borrowing1.711.972.490.46

    IPO Issue Objective

    The company plans to use the net proceeds from the IPO to:

    • Meet expenses for developing new products, courses, and features in LMS, and purchase laptops.
    • Meet working capital requirements.
    • General corporate purposes and unidentified acquisitions.

    Promoter Details

    Understanding the promoters' background and stake in the company can provide insights into their commitment and vision.

    Infonative Solutions IPO Promoter Holding

    • Mr. Saurabh Kathuria, Mr. Abdur Rauf Rahmani, and Mr. Yogeshh Goel are the promoters of the company.
    • Share Holding Pre Issue: 94.13%
    • Share Holding Post Issue: 69.28%

    Important Contacts

    Knowing the company's and registrar's contact details can be helpful for addressing any queries or concerns.

    Company Contact Details

    • Company: Infonative Solutions Limited
    • Address: 107, DLF South City Court, Saket, New Delhi-110017
    • Phone: 011-45082517
    • Email: cs@infonativesolutions.com
    • Website: https://www.infonative.net/

    IPO Registrar

    Conclusion

    The Infonative Solutions IPO presents an opportunity for investors interested in the eLearning sector. This guide provides a detailed overview of the IPO, including company information, financial highlights, and subscription details. Investors are encouraged to conduct thorough research and consider their investment objectives before making a decision. Stay informed and invest wisely.

    Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.

  • Spinaroo Commercial Limited IPO

    SPINAROO COMMERCIAL LIMITED IPO: A Comprehensive Overview

    Investing in the stock market can be an exciting opportunity, and Initial Public Offerings (IPOs) are often a focal point for investors. This blog post dives deep into the Spinaroo Commercial Limited IPO, providing you with a detailed overview to help you make an informed decision.

    Spinaroo Commercial IPO Logo

    What Does Spinaroo Commercial Limited Do?

    Spinaroo Commercial Limited, established on August 17, 2012, specializes in the manufacturing of a diverse range of products, including:

    • Aluminum foil containers
    • Aluminum home foil
    • Paper cups
    • Paper plates
    • Paper bowls
    • Semi-processed materials for paper cups (coating, printing, blanking)

    Additionally, they offer paper cup-related machinery, providing end-to-end solutions to their clients. The company prides itself on using high-quality, food-grade raw materials and maintaining competitive pricing through expert guidance and timely delivery.

    Spinaroo Commercial IPO Details

    The Spinaroo Commercial IPO is a fixed-price issue totaling ₹10.17 crores. The issue consists entirely of a fresh issue of 19.94 lakh shares. Here's a quick snapshot:

    • IPO Size: ₹10.17 crores
    • Issue Type: Fresh Issue
    • Number of Shares: 19.94 lakh
    • Price: ₹51 per share
    • Face Value: ₹10 per share
    • Listing: BSE SME

    IPO Subscription Details

    The IPO opens for subscription on March 28, 2025, and closes on April 3, 2025. Allotment is expected to be finalized on April 4, 2025, with a tentative listing date set for April 8, 2025.

    IPO Timeline

    March 28, 2025 (IPO Open) April 3, 2025 (IPO Close) April 4, 2025 (Allotment) April 8, 2025 (Listing)

    Investment Details

    Here are the key investment details for the IPO:

    • Price per share: ₹51
    • Minimum Lot Size: 2000 shares
    • Minimum Investment (Retail): ₹1,02,000
    • Minimum Investment (HNI): 2 lots (4,000 shares) amounting to ₹2,04,000

    Company Financials

    Here’s a snapshot of Spinaroo Commercial Limited’s financial performance:

    Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
    Assets (₹ Crore)21.9419.0519.4817.82
    Revenue (₹ Crore)21.0241.2153.1947.58
    Profit After Tax (₹ Crore)0.611.400.930.52
    Net Worth (₹ Crore)6.646.034.633.7

    Key Performance Indicators (KPI)

    Understanding the company's KPI can give investors a better view of the company's growth. Here is the KPI.

    KPIValue
    ROE23.23%
    ROCE37.58%
    Debt/Equity1.25
    PAT Margin3.40
    Price to Book Value0.85

    Objects of the Issue

    The company plans to use the net proceeds from the IPO for:

    • Working Capital Requirements: ₹71.28 Million
    • General Corporate Expenses: ₹20 Million

    Promoter Holding

    The promoters of the company are Mr. Amit Sultania, Mr. Aditya Todi, and Mrs. Mridula Todi.

    • Share Holding Pre Issue: 66.67%
    • Share Holding Post Issue: 47.66%

    Company Contact Details

    • Address: Jalan Industrial Complex Gate-1, Right Lane-6, P.O. Jangalpur, Begri Gram Panchayat, Howrah 711 411
    • Phone: +91 96747 03249
    • Email: compliance@spino.co.in
    • Website: http://www.spino.co.in/

    IPO Registrar

    • Registrar: Cameo Corporate Services Limited
    • Phone: +91-44-28460390
    • Email: ipo@cameoindia.com
    • Website: https://ipo.cameoindia.com/

    Lead Manager(s)

    • Finshore Management Services Limited

    A Word of Caution

    It's wise to approach IPO investments with caution. Industry experts suggest that this particular IPO might be aggressively priced, especially given the company's inconsistent financial performance and the competitive nature of its sector. It is operating in a highly competitive and fragmented segment.

    In Conclusion

    The Spinaroo Commercial IPO presents an opportunity to invest in a company involved in the manufacturing of aluminum and paper products. However, it is crucial to consider the company's financials, the competitive landscape, and expert opinions before making an investment decision. Always conduct thorough research and consider consulting with a financial advisor to align your investments with your risk tolerance and financial goals.