Equity2Commodity https://equity2commodity.in/ Learn to Earn Wed, 12 Feb 2025 10:06:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://equity2commodity.in/wp-content/uploads/2022/10/cropped-Icon-32x32.png Equity2Commodity https://equity2commodity.in/ 32 32 Quality Power Electrical Equipments Limited IPO Review & Details https://equity2commodity.in/quality-power-ipo/ https://equity2commodity.in/quality-power-ipo/#respond Wed, 12 Feb 2025 06:27:31 +0000 https://equity2commodity.in/?p=14919 Quality Power Electrical Equipments LimitedQuality Power IPO is a book-built issue worth Rs 858.70 crores, including…

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Quality Power Electrical Equipments Limited

Quality Power IPO is a book-built issue worth Rs 858.70 crores, including a fresh issue of Rs 225.00 crores and an offer for sale of Rs 633.70 crores. It opens on February 14, 2025, and closes on February 18, 2025, likely listing on BSE and NSE on February 21, 2025.

The price band is ₹401 to ₹425 per share, with a minimum lot size of 26 shares.

Retail investors should bid at the cutoff price of ₹11,050 to avoid oversubscription. Minimum investment for sNII is ₹2,09,950 and for bNII is ₹10,05,550.

Pantomath Capital Advisors is the lead manager, and Link Intime India is the registrar. Refer to  Quality Power IPO RHP for detailed information.

Quality Power IPO

  • IPO Dates: February 14 – 18 2025
  • Listing Date: [.]
  • Face Value: ₹10 per share.
  • Issue Price Band: ₹401 to ₹425 per share.
  • Lot Size: 26 shares.
  • Total Issue Size: ₹858.70 Cr
  • Fresh Issue: ₹225.00 Cr
  • Offer for Sale: ₹633.70 Cr
  • Issue Type: Book Built Issue IPO.
  • Listing At: BSE, NSE.
  • Share Holding Pre-Issue: 7,21,50,000 shares.
  • Share Holding Post-Issue: 7,74,44,118 shares.

Timeline

IPO Open Date:February 14, 2025  
IPO Close Date:February 18, 2025  
Basis of Allotment:February 19, 2025  
Refunds:February 20, 2025  
Credit to Demat Account:February 20, 2025  
IPO Listing Date:February 21, 2025  

Quality Power Electrical Equipments Limited: A Deep Dive

Company Overview:

Quality Power Electrical Equipments Limited is an Indian company specializing in high-voltage electrical equipment and power solutions. They are a key player in the energy transition space, providing critical components for grid connectivity and the integration of renewable energy sources.

Core Business:

  • Manufacture and Supply of High-Voltage Electrical Equipment:
    • Reactors
    • Transformers
    • Line Traps
    • Instrument Transformers
    • Capacitor Banks
    • Converters
    • Harmonic Filters
    • Grid Interconnection Solutions (STATCOM, SVC, etc.)
  • Focus on Energy Transition: Their products are crucial for the efficient and reliable integration of renewable energy sources like solar and wind power into the grid.

Market Position:

  • Niche Player: While facing competition from global giants like ABB, Siemens, and GE, Quality Power has carved a niche for itself by focusing on specific segments and delivering high-quality, customized solutions.
  • Strong Domestic Presence: The company has a strong foothold in the Indian market, which is experiencing significant growth in renewable energy adoption.
  • Growing Global Presence: With a focus on exports, Quality Power is expanding its global reach, serving clients in various international markets.

Future Outlook:

  • Favorable Industry Trends: The global shift towards renewable energy sources presents significant growth opportunities for Quality Power.
  • Technological Advancements: The company’s ability to leverage advancements in power electronics, grid modernization, and smart grid technologies will be crucial for future success.
  • Strategic Acquisitions: The recent acquisition of Mehru Electrical is expected to enhance its product offerings, expand its market reach, and strengthen its competitive position.

Challenges:

  • Intense Competition: The power equipment market is highly competitive, with established global players possessing significant resources and market share.
  • Raw Material Price Volatility: Fluctuations in raw material prices can impact profitability and margins.
  • Currency Fluctuations: As a significant portion of revenue comes from exports, currency fluctuations can impact profitability.
  • Regulatory Changes: Changes in government policies and regulations related to the power sector can impact the company’s operations.

The primary objectives of the Quality Power IPO are:

  • Fund Acquisition: A significant portion of the proceeds from the fresh issue will be used to acquire Mehru Electrical and Mechanical Engineers Private Limited. This acquisition is expected to strengthen Quality Power’s business capabilities and market position.
  • Fund Capital Expenditure: A portion of the funds will be utilized for capital expenditure, specifically for purchasing plant and machinery. This investment aims to enhance production capacity, improve manufacturing efficiency, and support the company’s growth.
  • Fund Strategic Initiatives: The remaining funds will be used for general corporate purposes, which may include funding future acquisitions, exploring new business opportunities, and supporting other strategic initiatives.
  • Provide an Exit Route for Existing Shareholders: The Offer for Sale (OFS) component of the IPO allows existing shareholders, such as promoters, to partially or fully divest their stake in the company.
  • Strong Growth Potential: The company operates in the growing renewable energy sector, which is experiencing significant demand due to the global shift towards sustainable energy sources.
  • Experienced Management: Quality Power has a seasoned management team with expertise in the power sector.
  • Focus on High-Growth Areas: The company specializes in critical high-voltage equipment for grid connectivity and energy transition, aligning with global trends.
  • Strategic Acquisition: The acquisition of Mehru Electrical is expected to enhance the company’s product offerings and market reach.
  • Strong Financials: Quality Power has demonstrated consistent revenue and profit growth in recent years.
  • High Dependence on Exports: A significant portion of the company’s revenue comes from exports, making it susceptible to global economic fluctuations and currency fluctuations.
  • Competition: The power equipment market is competitive with established players like GE, Siemens, and ABB.
  • Raw Material Costs: Fluctuations in raw material prices can impact profitability.
  • Regulatory Risks: Changes in government policies and regulations related to the power sector could impact the company’s operations.
  • Offer for Sale: A significant portion of the IPO is an Offer for Sale (OFS), meaning a portion of the proceeds will go to existing shareholders rather than the company itself.
So,How Does Quality Power IPO Fare in Terms of Financials ?
Period EndedAssetsRevenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing
30 Sep 2024399.64182.7250.08238.63150.4325.55
31 Mar 2024358.88233.1455.47190.33162.5638.28
31 Mar 2023312.24273.5539.89175.66153.8610.61
31 Mar 2022252.86211.7342.23160.29149.7611.52

(₹ Crore)

Review:

  • Growth in Assets: The company has shown consistent growth in assets over the past year, indicating expansion and investment.
  • Revenue Fluctuation: Revenue has fluctuated, with a significant drop in the most recent period (Sep 2024). This requires further investigation to understand the underlying factors.
  • Profitability: Profit after tax has also shown some fluctuations, with a notable increase in the March 2024 period followed by a decline in the September 2024 period.
  • Net Worth Growth: Net worth has steadily increased over the reported periods, reflecting the company’s profitability and retained earnings.
  • Borrowings: Total borrowings have increased in recent periods, which could impact financial leverage and interest expenses.
KPIValue
Return on Equity (ROE)29.15%
Return on Capital Employed (ROCE)19.20%
Debt-to-Equity Ratio0.20
Return on Net Worth (RONW)29.15%
Profit After Tax (PAT) Margin16.74%
Price-to-Book Value (P/B Ratio)16.11

Review:

  • Strong Profitability: ROE and ROCE are both high, indicating strong profitability. ROE of 29.15% suggests the company is generating significant returns for shareholders relative to the equity invested. ROCE of 19.20% indicates efficient use of capital employed.
  • Low Leverage: A Debt-to-Equity ratio of 0.20 suggests the company has a conservative capital structure with limited debt. This reduces financial risk and enhances financial stability.
  • High Profit Margins: A PAT margin of 16.74% indicates that the company is able to generate significant profit from its sales.
  • High P/B Ratio: A P/B ratio of 16.11 suggests that the market values the company’s assets significantly higher than their book value. This could indicate strong growth prospects, high brand value, or intangible assets not reflected in the book value.

Key Takeaways:

  • The company appears to be highly profitable with strong returns on equity and capital.
  • The conservative capital structure minimizes financial risk.
  • High profit margins indicate efficient operations and strong pricing power.
  • The high P/B ratio suggests strong market confidence in the company’s future prospects.

SWOT Analysis of Quality Power IPO

  • Focus on High-Growth Segment: Specializes in critical high-voltage equipment for grid connectivity and energy transition, aligning with the global shift towards renewable energy.
  • Experienced Management: Possesses a seasoned management team with expertise in the power sector.
  • Strong Financials: Demonstrates consistent revenue and profit growth in recent years.
  • Strategic Acquisition: The acquisition of Mehru Electrical is expected to expand product offerings and market reach.
  • High Dependence on Exports: Significant reliance on export markets exposes the company to global economic fluctuations and currency risks.
  • Competition: Faces competition from large, established global players in the power equipment market.
  • Growth in Renewable Energy: The increasing demand for renewable energy sources presents significant growth opportunities.
  • Technological Advancements: Leverage advancements in power electronics, grid modernization, and smart grid technologies.
  • Market Expansion: Explore new markets and expand its global presence.
  • Raw Material Price Fluctuations: Volatility in raw material prices can impact profitability.
  • Regulatory Changes: Changes in government policies and regulations related to the power sector could impact operations.
  • Economic Downturn: A global economic slowdown could negatively impact demand for power equipment.
  • Competition: Intense competition from established global players.

Key Competitors:

  • Global Giants:
    • ABB: A global leader in electrification and automation technologies, with a strong presence in power grids and renewable energy.  
    • Siemens: A diversified technology company with a significant presence in power generation, transmission, and distribution.  
    • GE: A global conglomerate with a strong presence in power generation, transmission, and renewable energy.  
    • Hitachi Energy: A leading provider of power grids solutions, focusing on grid stability and flexibility.  
  • Domestic Players:
    • KEC International: A leading EPC player with a strong presence in power transmission and distribution.  
    • Bharat Heavy Electricals Limited (BHEL): A major player in India’s power sector, involved in power generation, transmission, and equipment manufacturing.  

Competitive Landscape:

  • Intense Global Competition: The power equipment market is highly competitive, dominated by large multinational corporations with significant resources and global reach.
  • Technological Advancements: The industry is constantly evolving with advancements in technologies like HVDC, FACTS, and smart grids, requiring continuous innovation and investment.
  • Pricing Pressure: Competitive pricing pressures can impact profitability and margins.  
  • Regulatory Landscape: Navigating the evolving regulatory landscape and complying with safety and environmental standards is crucial.

Quality Power’s Competitive Advantages:

  • Focus on Niche Segments: Specializes in critical high-voltage equipment for grid connectivity and energy transition, offering a niche focus.  
  • Strong Domestic Presence: Has a strong presence in the Indian market, which is a key growth market for renewable energy.
  • Experienced Management: Possesses a seasoned management team with expertise in the power sector.
  • Strategic Acquisitions: The acquisition of Mehru Electrical expands product offerings and market reach.  

Competitive Disadvantages:

  • Smaller Scale: Compared to global giants, Quality Power is a relatively smaller player with limited global reach.
  • Export Dependence: Significant reliance on exports exposes the company to global economic fluctuations and currency risks.  
  • Resource Constraints: May have limited resources for research and development, marketing, and global expansion compared to larger competitors.

Quality Power IPO GMP

  • Grey market premium as on 14-02-2025 = ₹ 35/Share

Disclaimer:

  • IPO Grey Market Premium (Quality Power IPO GMP) mention is valid for the specific date as mentioned in the header.
  • We are not buying and selling IPO forms on IPO Grey Market.
  • Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

14/02/2025 10:00 AM

NO OF SHARES OFFEREDDay 1Day 2Day 3
Qualified Institutional Buyers(QIBs)
Non Institutional Investors(NIIs)
Retail Individual Investors(RIIs)
Employees
Total

FINAL TAKEAWAY

HOW APPLY IPO USING DEMAT,UPI, ASBA, NET BANKING ETC ?

How to apply IPO using Bhim UPI app or any UPI app?

How to apply IPO Using KOTAK Bank (ASBA)?

Apply IPO using Upstox mobile app.

How to apply IPO using Bhim UPI app in Upstox?

These are simple and effective steps that increase your IPO allotment chances. Check our page on how to improve IPO allotment chances.

Happy investing!🤩

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Hexaware Technologies IPO Review & Details https://equity2commodity.in/hexaware-ipo/ https://equity2commodity.in/hexaware-ipo/#respond Tue, 11 Feb 2025 06:03:35 +0000 https://equity2commodity.in/?p=14903 Hexaware Technologies IPOHexaware Technologies is launching an IPO with a book-built issue amounting to…

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Hexaware Technologies IPO

Hexaware Technologies is launching an IPO with a book-built issue amounting to Rs 8,750.00 crores. This issue is solely an offer for sale of 12.36 crore shares. The subscription window for Hexaware Technologies IPO opens on February 12, 2025, and closes on February 14, 2025. The finalization of the allotment is anticipated on Monday, February 17, 2025.

The IPO is expected to be listed on both BSE and NSE, with a provisional listing date set for Wednesday, February 19, 2025. The price band for the shares is between ₹674 and ₹708 each.

The minimum application lot size is 21 shares, requiring a retail investment of at least ₹14,154. However, to avoid oversubscription issues, investors are advised to bid at the cutoff price, which totals around ₹14,868. For sNII, the minimum investment is 14 lots (294 shares), costing ₹2,08,152, while bNII requires 68 lots (1,428 shares), totaling ₹10,11,024.

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, and IIFL Securities Ltd are the lead managers for this IPO. Kfin Technologies Limited serves as the registrar. For further details, refer to the Hexaware Technologies IPO RHP.

Hexaware Technologies IPO Timeline

  • IPO Open Date: February 12, 2025
  • IPO Close Date: February 14, 2025
  • Listing Date: February 19, 2025
  • Total Issue Size: ₹8,750.00 Cr
  • Offer For Sale: ₹8,750.00 Cr
  • IPO Price Band: ₹674 – ₹708 per share
  • Lot Size: 21 shares
  • Minimum Investment: ₹14,862 for retail investors
  • Issue Type:Book Built Issue IPO

Timeline

IPO Open Date:February 12, 2025  
IPO Close Date:February 14, 2025  
Basis of Allotment:February 17, 2025  
Refunds:February 18, 2025  
Credit to Demat Account:February 18, 2025  
IPO Listing Date:February 17, 2025  

Company Overview

Hexaware Technologies is a global IT services and business process outsourcing (BPO) company headquartered in Navi Mumbai, India. Founded in 1990, Hexaware has grown into a significant player in the IT services industry, offering a wide range of services including:

  • Application Development and Maintenance: Building, modernizing, and maintaining software applications for clients.
  • Digital Services: Cloud computing, data analytics, artificial intelligence, and cybersecurity solutions.
  • Business Process Services: Outsourcing of various business functions like customer service, finance, and human resources.
  • Enterprise Solutions: Implementing and integrating enterprise software like ERP and CRM systems.

Core Business and Market Position

Hexaware focuses on niche areas within the IT services market, particularly in verticals like banking, financial services, insurance, healthcare, and manufacturing. The company has built a strong reputation for its expertise in areas such as:

  • Cloud Computing: Migrating and managing client workloads on cloud platforms like AWS, Azure, and GCP.
  • Digital Transformation: Helping businesses leverage digital technologies to improve their operations and customer experiences.
  • Automation: Implementing robotic process automation (RPA) and other automation technologies to increase efficiency and reduce costs.

Future Outlook

The IT services industry is constantly evolving, driven by factors like cloud computing, artificial intelligence, and the Internet of Things. Hexaware’s future success will depend on its ability to:

  • Adapt to Emerging Technologies: Continuously invest in and develop expertise in new technologies like AI, machine learning, and blockchain.
  • Expand its Global Reach: Increase its presence in key markets like North America and Europe.
  • Strengthen its Customer Relationships: Build long-term partnerships with clients and deliver high-quality services.
  • Attract and Retain Talent: Recruit and retain skilled IT professionals to meet the growing demand for its services.

Challenges

Hexaware faces several challenges in the competitive IT services market, including:

  • Competition: The IT services market is highly competitive, with large players like TCS, Infosys, and Wipro vying for market share.
  • Pricing Pressure: Clients are increasingly demanding lower prices for IT services, putting pressure on margins.
  • Talent Shortages: Finding and retaining skilled IT professionals can be challenging.
  • Cybersecurity Threats: The increasing frequency and sophistication of cyberattacks pose a significant risk to businesses.

Overall, Hexaware Technologies is a well-established player in the IT services industry with a strong focus on niche areas and a commitment to innovation. The company’s future success will depend on its ability to navigate the challenges of the evolving market and capitalize on the opportunities presented by emerging technologies.

The primary objective of the Hexaware Technologies IPO is to provide an exit route for the existing promoter selling shareholder.

Here’s a breakdown:

  • Offer for Sale: The IPO is entirely an Offer for Sale (OFS), meaning the company itself will not receive any funds from the issue.
  • Promoter Exit: The proceeds from the IPO will go directly to the promoter selling shareholder, allowing them to partially divest their stake in the company.
  • Enhanced Visibility: Listing on stock exchanges will increase Hexaware’s brand visibility and market recognition.
  • Liquidity for Existing Shareholders: The IPO will provide liquidity for existing shareholders who wish to sell their shares in the open market.

Key Points:

  • No Funds for Company: The IPO is not a fundraising exercise for Hexaware Technologies itself.
  • Focus on Promoter Exit: The primary goal is to facilitate the promoter’s partial divestment.
  • Strong AI-driven offerings: Hexaware has a strong focus on AI-powered solutions, which is a rapidly growing market with significant potential.
  • Diverse customer base: The company serves a wide range of industries, including Fortune 500 companies, which provides revenue stability.
  • Profitable business model: Hexaware has a history of consistent profitability and maintains a healthy cash balance.
  • Experienced management team: The company has a seasoned management team with a proven track record in the IT services industry.
  • Offer for Sale (OFS): The IPO is purely an OFS, meaning no fresh capital will be raised for the company’s growth.
  • High dependence on North America: A significant portion of Hexaware’s revenue comes from North America, making it susceptible to economic fluctuations in that region.
  • Intense competition: The IT services market is highly competitive, with large players like TCS, Infosys, and Wipro posing significant challenges.
  • Limited upside potential: The current grey market premium suggests limited listing gains, potentially deterring short-term investors.
So,How Does Hexaware Technologies IPO Fare in Terms of Financials ?
Period EndedAssets RevenueProfit After Tax Net Worth Reserves and Surplus Total Borrowing
30 Sep 20248,594.28,871.3853.34,8764,816.7
31 Dec 20237,202.110,389.1997.64,230.94,171.6
30 Sep 20237,021.27,763.1804.84,2944,234.7
31 Dec 20226,5149,378.8884.23,778.13,719.182.7
31 Dec 20215,673.57,244.6748.83,503.73,444.8

Review:

  • Overall Growth: Hexaware has shown consistent growth in assets, revenue, and net worth over the past few years. This indicates a healthy and expanding business.
  • Revenue Fluctuation: While revenue has generally increased, there’s some fluctuation between periods. This could be due to various factors, including project cycles and economic conditions.
  • Profitability: Profit after tax has also seen growth, although there’s a slight dip in the Sep 2024 period compared to Dec 2023. This warrants further investigation to understand the underlying reasons.
  • Debt Reduction: The company seems to have eliminated its total borrowings by the end of 2023, which is a positive sign.
  • Reserves and Surplus: The consistent increase in reserves and surplus indicates that the company is reinvesting its profits and strengthening its financial position.
KPIValues
ROE:-%
ROCE:-%
EBITDA Margin:16.2%
PAT Margin:9.6%
Debt to equity ratio:NA
Earning Per Share (EPS):₹16.45 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):23.6%
Net Asset Value (NAV):₹69.77

SWOT Analysis of Hexaware Technologies IPO

  • Strong Focus on AI: Hexaware is actively integrating AI across its service offerings, enhancing efficiency and delivering data-driven insights. This positions them well in the rapidly evolving technology landscape.
  • Diverse Customer Base: Serving a wide range of industries, including Fortune 500 companies, provides revenue stability and mitigates dependence on any single sector.
  • Proven Track Record: Hexaware has a history of consistent profitability and a strong financial performance.
  • Global Delivery Model: With a global presence, Hexaware can effectively serve clients across different regions and leverage cost-effective delivery models.
  • Experienced Management Team: The company boasts a seasoned leadership team with a proven track record in the IT services industry.
  • Reliance on North America: A significant portion of Hexaware’s revenue comes from North America, making it susceptible to economic fluctuations in that region.
  • Limited Upside Potential (Current IPO): As an Offer for Sale (OFS), the IPO does not raise fresh capital for the company’s growth and expansion. This may limit potential upside for investors.
  • Talent Acquisition and Retention: Attracting and retaining skilled IT professionals in a competitive market can be challenging.
  • Expanding AI/ML Capabilities: Further developing AI/ML-powered solutions and services can open new revenue streams and enhance competitiveness.
  • Geographic Expansion: Exploring new markets and expanding its global footprint can drive growth and diversify revenue sources.
  • Cloud Computing Growth: Capitalizing on the growing demand for cloud computing services by offering robust cloud migration and management solutions.
  • Strategic Acquisitions: Acquiring smaller companies with niche expertise can accelerate growth and enhance service offerings.
  • Intense Competition: The IT services market is highly competitive, with large players like TCS, Infosys, and Wipro posing significant challenges.
  • Economic Downturn: A global economic downturn could impact client IT spending and negatively affect Hexaware’s revenue.
  • Cybersecurity Risks: The increasing frequency and sophistication of cyberattacks pose a significant threat to businesses and require robust security measures.
  • Currency Fluctuations: Fluctuations in foreign exchange rates can impact profitability, as a significant portion of Hexaware’s revenue is in foreign currencies.

Key Competitors:

  • Tier 1 IT Services Giants:
    • TCS: Largest Indian IT services company, known for its scale and global reach.  
    • Infosys: Strong in digital services, AI, and cloud computing.  
    • Wipro: Diversified portfolio, with a focus on digital transformation and emerging technologies.  
  • Mid-Tier IT Services Companies:
    • LTI Mindtree: Known for its digital expertise and strong client relationships.  
    • Coforge: Focuses on niche areas like insurance and banking.
    • Mphasis: Specializes in cloud and cognitive services.  

Competitive Landscape:

  • Intense Competition: The IT services market is highly competitive, with established players vying for market share.  
  • Pricing Pressure: Clients are increasingly demanding lower prices for IT services, putting pressure on margins for all players.
  • Talent War: Attracting and retaining skilled IT professionals is a significant challenge across the industry.
  • Focus on Digital: Companies are investing heavily in digital transformation services, including cloud computing, AI, and data analytics.

Hexaware’s Competitive Advantages:

  • Niche Focus: Hexaware has carved a niche for itself in specific areas, such as banking, financial services, and insurance.  
  • AI/ML Specialization: The company has a strong focus on AI and machine learning, which is a key differentiator in the market.  
  • Customer Focus: Hexaware emphasizes building strong client relationships and delivering high-quality services.  

Competitive Disadvantages:

  • Revenue Concentration: Significant reliance on North America can expose Hexaware to regional economic fluctuations.
  • Smaller Scale: Compared to larger players, Hexaware may have limited resources and a smaller global footprint.

Hexaware Technologies IPO GMP

  • Grey market premium as on 12-02-2025 = ₹ 3.5 /Share

Disclaimer:

  • IPO Grey Market Premium (Hexaware Technologies IPO GMP) mention is valid for the specific date as mentioned in the header.
  • We are not buying and selling IPO forms on IPO Grey Market.
  • Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

12/02/2025 03:00 PM

NO OF SHARES OFFEREDDay 1Day 2Day 3
Qualified Institutional Buyers(QIBs)2,56,97,3290.00
Non Institutional Investors(NIIs)1,92,72,9970.01
Retail Individual Investors(RIIs)4,49,70,3270.03
Employees14,82,7010.09
Total9,14,23,3540.02

FINAL TAKEAWAY

HOW APPLY IPO USING DEMAT,UPI, ASBA, NET BANKING ETC ?

How to apply IPO using Bhim UPI app or any UPI app?

How to apply IPO Using KOTAK Bank (ASBA)?

Apply IPO using Upstox mobile app.

How to apply IPO using Bhim UPI app in Upstox?

These are simple and effective steps that increase your IPO allotment chances. Check our page on how to improve IPO allotment chances.

Happy investing!🤩

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Ajax Engineering IPO Review & Details https://equity2commodity.in/ajax-engineering-ipo/ https://equity2commodity.in/ajax-engineering-ipo/#respond Mon, 10 Feb 2025 07:31:00 +0000 https://equity2commodity.in/?p=14900 Ajax Engineering IPOAjax Engineering IPO Timeline IPO Open Date: February 10, 2025   IPO…

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Ajax Engineering IPO

Ajax Engineering IPO

  • Type: Book Built Issue (Offer for Sale)  
  • Issue Size: ₹1,269.35 Crores  
  • Offer for Sale: 2.02 Crore shares
  • Issue Dates:
    • Open: February 10, 2025  
    • Close: February 12, 2025  
  • Allotment Date : February 13, 2025  
  • Listing Date : February 17, 2025  
  • Price Band: ₹599 – ₹629 per share  
  • Lot Size: Minimum 23 shares  
  • Minimum Investment (Retail): ₹14,467  
  • Minimum Investment (sNII): ₹2,02,538 (14 lots)  
  • Minimum Investment (bNII): ₹10,12,690 (70 lots)  
  • Lead Managers: ICICI Securities, Citigroup Global Markets India, JM Financial, Nuvama Wealth Management, SBI Capital Markets  
  • Registrar: Link Intime India Private Ltd.  

Timeline

IPO Open Date:February 10, 2025  
IPO Close Date:February 12, 2025  
Basis of Allotment:February 13, 2025  
Refunds:February 14, 2025  
Credit to Demat Account:February 14, 2025  
IPO Listing Date:February 17, 2025  
  • Core Business: Ajax Engineering is a leading manufacturer of concrete equipment in India.
  • Market Position:
    • A strong market leader in the Indian SLCM market, holding a significant market share.
    • Extensive distribution network across India and an increasing presence in international markets.
  • Future Outlook:
    • The company is poised to benefit from the continued growth of the Indian construction sector.
    • Expansion into new product lines and geographic markets presents growth opportunities.
    • Focus on innovation and technological advancements, such as automation and digitalization, to enhance efficiency and product offerings.

Key Objectives of the Ajax Engineering IPO (Offer for Sale)

  • Provide Liquidity to Existing Shareholders: The primary objective of this IPO is to provide an exit route for existing shareholders, including promoters and investors, to monetize their investments in the company.
  • Enhance Brand Visibility and Market Recognition: Listing on stock exchanges will enhance the company’s brand visibility and market recognition, which can benefit long-term growth prospects.
  • Improved Corporate Governance: Listing on stock exchanges will subject the company to higher levels of corporate governance and transparency, which can benefit all stakeholders.
  • Government Focus on Infrastructure: The Indian government’s strong focus on infrastructure development provides a favorable backdrop for the company’s growth.
  • Growth Potential: The company operates in a sector with significant growth potential, driven by increasing government spending on infrastructure projects.
  • Diversification: The company’s involvement in various segments like road construction, irrigation, and building construction can mitigate some of the risks associated with dependence on a single segment.
  • Competition: The infrastructure sector is highly competitive with established players and new entrants.
  • Execution Risks: Project execution can be subject to delays, cost overruns, and unforeseen challenges, impacting profitability.
  • Government Regulations: Changes in government policies, regulations, and budgetary allocations can significantly impact the company’s operations and profitability.
  • Economic Slowdown: An economic slowdown can impact government spending on infrastructure projects, adversely affecting the company’s revenue and profitability.
  • Raw Material Costs: Fluctuations in the prices of raw materials like cement, steel, and aggregates can impact project margins.
So,How Does Ajax Engineering IPO Fare in Terms of Financials ?
Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,348.761,236.14966.73735.31
Revenue794.161,780.071,172.57771.85
Profit After Tax101.02225.15135.966.21
Net Worth995.84917.96713.8578.27
Reserves and Surplus984.4906.52702.36575.41
Total Borrowing6.2310.147.16
Amount in ₹ Crore

Key Observations:

Let’s review the provided table of financial data for Ajax Engineering.

  • Strong Revenue Growth:
    • Revenue has exhibited a significant upward trajectory over the past three years.
    • A notable jump occurred between FY23 and FY24, suggesting robust demand for the company’s products.
  • Profitability Expansion:
    • Profit After Tax (PAT) has consistently increased, indicating improved operational efficiency and potentially higher margins.
  • Healthy Asset Growth:
    • Total assets have grown steadily, likely driven by investments in expansion, research & development, or acquisitions.
  • Strong Balance Sheet:
    • Net Worth has increased significantly, reflecting the company’s profitability and retained earnings.
    • Reserves and Surplus have also grown substantially, providing a strong financial cushion.
  • Low Debt:
    • Total borrowing remains relatively low, suggesting a conservative approach to financing and a healthy financial position.
KPIValues
ROE:24.53%
ROCE:32.82%
EBITDA Margin:15.82%
PAT Margin:12.65%
Debt to equity ratio:0.01
Earning Per Share (EPS):₹19.68 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):19.39%
Net Asset Value (NAV):₹80.24

SWOT Analysis of Ajax Engineering IPO

  • Market Leader: Strong market position in the Indian Self-Loading Concrete Mixers (SLCMs) market with a significant market share.
  • Diversified Product Portfolio: Offers a range of concrete equipment beyond SLCMs, including batching plants, transit mixers, and concrete pumps, providing revenue diversification.
  • Experienced Management Team: Possesses a strong and experienced management team with a proven track record in the industry.
  • Strong Distribution Network: Extensive dealer network across India, providing access to a wide customer base.
  • Growing Construction Sector: Benefits from the growing Indian construction sector, driven by government infrastructure projects and private sector investments.
  • Cyclical Nature of the Industry: The construction sector is cyclical, and demand for construction equipment can fluctuate with economic downturns or changes in government spending.
  • Raw Material Price Volatility: Fluctuations in the prices of key raw materials like steel and cement can impact production costs and profitability.
  • Competition: Faces competition from both domestic and international players in the construction equipment market.
  • Dependence on a Few Key Customers: Reliance on a few large customers could expose the company to significant risks.
  • Seasonality in Demand: Demand for construction equipment can be seasonal, impacting revenue and profitability.
  • Expanding Product Portfolio: Diversifying product offerings to cater to a wider range of customer needs, such as expanding into new segments like construction machinery or after-sales services.
  • Geographic Expansion: Expanding operations into new domestic and international markets to tap into untapped growth potential.
  • Technological Advancements: Adopting new technologies like automation, robotics, and digitalization to improve efficiency, reduce costs, and enhance product offerings.
  • Focus on Sustainability: Emphasizing sustainable manufacturing practices and developing environmentally friendly products.
  • Economic Slowdown: An economic slowdown can significantly impact demand for construction equipment.
  • Government Regulations: Changes in government policies, regulations, and environmental norms can impact the company’s operations.
  • Competition from Global Players: Increased competition from multinational companies with advanced technologies and global reach.
  • Technological Disruptions: Rapid technological advancements in the construction industry could disrupt existing business models.

Ajax Engineering faces competition from both domestic and international players in the construction equipment market. Some of the key competitors include:

  • Action Construction Equipment: A major player in the Indian construction equipment market, offering a wide range of products including concrete mixers, earthmoving equipment, and material handling equipment.
  • Escorts Kubota: A well-established player in the agricultural and construction equipment sector, offering a range of construction and farm machinery.
  • BEML: A government-owned company with a strong presence in the defense and rail sectors, also manufacturing construction equipment.
  • JCB: A global leader in construction equipment, offering a wide range of products and a strong global presence.
  • Volvo Construction Equipment: Another global player with a strong presence in the Indian market, offering a wide range of construction equipment.

Ajax Engineering IPO GMP

  • Grey market premium as on 12-02-2025 = ₹ 7/ Share

Disclaimer:

  • IPO Grey Market Premium (Ajax Engineering IPO GMP) mention is valid for the specific date as mentioned in the header.
  • We are not buying and selling IPO forms on IPO Grey Market.
  • Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

12/02/2025 03:00 PM

NO OF SHARES OFFEREDDay 1Day 2Day 3
Qualified Institutional Buyers(QIBs)40,20,3000.260.3311.58
Non Institutional Investors(NIIs)30,15,2250.280.615.62
Retail Individual Investors(RIIs)70,35,5250.290.521.02
Employees78,9470.541.192.37
Total1,41,49,9970.280.495.01

FINAL TAKEAWAY

HOW APPLY IPO USING DEMAT,UPI, ASBA, NET BANKING ETC ?

How to apply IPO using Bhim UPI app or any UPI app?

How to apply IPO Using KOTAK Bank (ASBA)?

Apply IPO using Upstox mobile app.

How to apply IPO using Bhim UPI app in Upstox?

These are simple and effective steps that increase your IPO allotment chances. Check our page on how to improve IPO allotment chances.

Happy investing!🤩

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Arisinfra Solutions Limited IPO Review & Details https://equity2commodity.in/arisinfra-solutions-ipo/ https://equity2commodity.in/arisinfra-solutions-ipo/#respond Tue, 21 Jan 2025 07:07:14 +0000 https://equity2commodity.in/?p=14896 Arisinfra Solutions Limited IPOArisinfra Solutions Limited Arisinfra Solutions is launching an IPO worth ₹600 crores…

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Arisinfra Solutions Limited IPO

Arisinfra Solutions Limited

Arisinfra Solutions is launching an IPO worth ₹600 crores through a 100% fresh issue of 2.86 crore equity shares. The IPO will open for subscription on February 3, 2025, and close on February 5, 2025. The allotment of shares is expected to be finalized on Thursday, February 6, 2025, with the listing scheduled on BSE and NSE on Monday, February 10, 2025.

The price band for the IPO is set between ₹200 and ₹210 per share. Retail investors can apply with a minimum lot size of 70 shares, requiring a minimum investment of ₹14,700. For sNII investors, the minimum application is 14 lots (980 shares), amounting to ₹2,05,800. Meanwhile, bNII investors need to apply for a minimum of 69 lots (4,830 shares), which requires an investment of ₹10,14,300.

J.M. Financial Limited, IIFL Securities Ltd, and Nuvama Wealth Management Limited are the book-running lead managers for this IPO, while Link Intime India Private Ltd will act as the registrar.

Key Details:

  • Open Date: February 3, 2025  
  • Close Date: February 5, 2025
  • Price Band: ₹200 to ₹210 per share
  • Issue Size: ₹600.00 crores (Fresh Issue)
  • Issue Type:Book Built Issue IPO
  • Face Value: ₹2 per share
  • Lot Size: 70 shares
  • Listing Date: February 10, 2025
  • Lead Managers: JM Financial Limited, IIFL Securities Ltd., Nuvama Wealth Management Ltd.
  • Registrar: Link Intime India Private Ltd

Timeline

IPO Open Date:February 3, 2025  
IPO Close Date:February 5, 2025  
Basis of Allotment:February 6, 2025  
Refunds:February 7, 2025  
Credit to Demat Account:February 7, 2025  
IPO Listing Date:February 10, 2025  

Core Business: Arisinfra Solutions is engaged in the execution of infrastructure projects, primarily focusing on:

  • Road Construction: Construction and maintenance of highways, roads, and bridges.
  • Irrigation Projects: Execution of irrigation canals, dams, and other water resources projects.
  • Building Construction: Construction of residential, commercial, and industrial buildings.

Market Position:

  • Arisinfra Solutions has established a presence in the Indian infrastructure sector, with a focus on executing projects for both government and private clients.

Future Outlook:

  • The Indian government’s focus on infrastructure development, including road and highway construction, presents significant growth opportunities for the company.
  • The company may explore opportunities to expand its service offerings and enter new geographic markets.

The primary objectives of the Denta Water and Infra Solutions Limited IPO are likely to be:

  • Funding Growth: The primary objective is to raise ₹600 crores through fresh issue to fund the company’s growth initiatives. This includes:
    • Expanding Operations: Entering new geographic markets and diversifying service offerings.  
    • Investing in Technology & Equipment: Upgrading machinery and technology to improve efficiency and productivity.  
    • Strengthening Working Capital: Enhancing working capital to support business operations and meet financial obligations.
  • Repaying Debt: A portion of the proceeds may be used to repay existing debt obligations, thereby improving the company’s financial leverage and reducing interest costs.
  • Government Focus on Infrastructure: The Indian government’s strong focus on infrastructure development provides a favorable backdrop for the company’s growth.
  • Growth Potential: The company operates in a sector with significant growth potential, driven by increasing government spending on infrastructure projects.
  • Diversification: The company’s involvement in various segments like road construction, irrigation, and building construction can mitigate some of the risks associated with dependence on a single segment.
  • Competition: The infrastructure sector is highly competitive with established players and new entrants.
  • Execution Risks: Project execution can be subject to delays, cost overruns, and unforeseen challenges, impacting profitability.
  • Government Regulations: Changes in government policies, regulations, and budgetary allocations can significantly impact the company’s operations and profitability.
  • Economic Slowdown: An economic slowdown can impact government spending on infrastructure projects, adversely affecting the company’s revenue and profitability.
  • Raw Material Costs: Fluctuations in the prices of raw materials like cement, steel, and aggregates can impact project margins.
So,How Does Arisinfra Solutions Limited IPO Fare in Terms of Financials ?
Period EndedAssets Revenue PATNet Worth Reserves and Surplus Total Borrowing
31 Mar 2024492.83702.36-17.30141.61139.77273.98
31 Mar 2023394.95754.44-15.39104.94-41.36220.35
31 Mar 2022334.22453.77-6.49140.30-6.01154.25

(₹ Crore)

Key Observations:

  • Revenue Growth: Significant revenue growth from FY22 to FY23, followed by continued growth in FY24. This indicates strong order book execution and expansion of operations.
  • Profitability: The company has reported losses in the past three years. This could be attributed to factors such as competitive pressures, rising input costs, or project execution challenges.
  • Asset Growth: Assets have grown steadily over the past two years, reflecting investments in projects and expansion of operations.
  • Debt Levels: The company has a significant debt burden, which could pose a risk to its financial stability.
  • Negative Reserves: Negative reserves in FY23 indicate potential financial challenges.
KPIValues
ROE:
ROCE:
EBITDA Margin:
PAT Margin:
Debt to equity ratio:
Earning Per Share (EPS):
Price/Earning P/E Ratio:
Return on Net Worth (RoNW):
Net Asset Value (NAV):

SWOT Analysis of Arisinfra Solutions Limited

  • Focus on a growing sector (Indian infrastructure development).
  • Experience in executing various infrastructure projects.
  • Potential for growth through geographic expansion and service diversification.
  • Competition from larger and more established players in the infrastructure sector.
  • Dependence on government contracts and their associated risks.
  • Potential for project delays, cost overruns, and regulatory hurdles.
  • Government’s continued focus on infrastructure development presents significant growth opportunities.  
  • Exploring new technologies like construction technology, automation, and sustainable construction practices.
  • Diversification into new segments within the infrastructure sector.
  • Economic slowdown and its impact on government spending.
  • Rising input costs (raw materials, labor) impacting project profitability.
  • Increased competition from both domestic and international players.

Arisinfra Solutions faces competition from major players in the Indian infrastructure sector, such as:

  • Larsen & Toubro (L&T)
  • Tata Projects
  • Shapoorji Pallonji
  • NCC
  • KNR Constructions

Arisinfra Solutions Limited IPO GMP

  • Grey market premium as on 03-03-2025 = ₹ /Share

Disclaimer:

  • IPO Grey Market Premium (Arisinfra Solutions Limited IPO GMP) mention is valid for the specific date as mentioned in the header.
  • We are not buying and selling IPO forms on IPO Grey Market.
  • Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

03/02/2025 10:00 AM

NO OF SHARES OFFEREDDay 1Day 2Day 3
Qualified Institutional Buyers(QIBs)
Non Institutional Investors(NIIs)
Retail Individual Investors(RIIs)
Employees
Total

FINAL TAKEAWAY

HOW APPLY IPO USING DEMAT,UPI, ASBA, NET BANKING ETC ?

How to apply IPO using Bhim UPI app or any UPI app?

How to apply IPO Using KOTAK Bank (ASBA)?

Apply IPO using Upstox mobile app.

How to apply IPO using Bhim UPI app in Upstox?

These are simple and effective steps that increase your IPO allotment chances. Check our page on how to improve IPO allotment chances.

Happy investing!🤩

The post Arisinfra Solutions Limited IPO Review & Details appeared first on Equity2Commodity.

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Denta Water and Infra Solutions Limited IPO Review & Details https://equity2commodity.in/denta-water-ipo/ https://equity2commodity.in/denta-water-ipo/#respond Mon, 20 Jan 2025 11:17:54 +0000 https://equity2commodity.in/?p=14893 Denta Water and Infra SolutionsDenta Water and Infra Solutions Limited Denta Water and Infra Solutions’ IPO…

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Denta Water and Infra Solutions

Denta Water and Infra Solutions Limited

Denta Water and Infra Solutions’ IPO will open on January 22, 2025, and close on January 24, 2025. This IPO is a Book Built Issue, with the company aiming to raise approximately ₹220.50 crores through a fresh issue of ₹220.50 crores and an offer for sale of up to [.] equity shares, each having a face value of ₹10.

The price range for the Denta Water IPO is set between ₹279 and ₹294 per share. The allocation for retail investors is 35%, while Qualified Institutional Buyers (QIB) have 50%, and High Net-worth Individuals (HNI) receive 15%. Denta Water is set to be listed on the BSE and NSE on January 29, 2025, with the allotment date scheduled for January 27, 2025.

The company reported revenues of ₹241.84 crores in 2024, compared to ₹175.75 crores in 2023, and a profit of ₹59.73 crores in 2024, up from ₹50.11 crores in 2023. Based on these financials, it is suggested that IPO investors consider applying for the IPO with a long-term perspective.

Key Details:

  • Key Details:
  • IPO Dates:
    • Open Date: January 22, 2025  
    • Close Date: January 24, 2025  
  • Price Band: ₹279 – ₹294 per share  
  • Issue Size: ₹220.50 Crores (Fresh Issue)  
  • Face Value: ₹10 per share  
  • Lot Size: 50 shares  
  • Listing Date: January 29, 2025 (Expected)  
  • Lead Managers: Smc Capitals Limited
  • Registrar: Integrated Registry Management Services Private Limited

Timeline

IPO Open Date:January 22, 2025
IPO Close Date:January 24, 2025
Basis of Allotment:January 27, 2025
Refunds:January 28, 2025
Credit to Demat Account:January 28, 2025
IPO Listing Date:January 29, 2025

Core Business:

  • Specializes in the execution of water and wastewater infrastructure projects.  
  • Key services include:
    • Design, engineering, and construction of water supply and distribution systems.  
    • Sewage treatment plants (STPs)
    • Effluent treatment plants (ETPs)
    • Groundwater recharge systems  
    • Rainwater harvesting systems

Market Position:

  • Focuses on both government and private sector projects across various regions in India.
  • Likely to have a regional or niche market focus within the broader water and wastewater infrastructure sector.

Future Outlook:

  • The Indian government is prioritizing water and sanitation infrastructure development, creating significant growth opportunities for companies like Denta Water and Infra Solutions.  
  • Increasing focus on water conservation and pollution control will drive demand for the company’s services.
  • Opportunities for expansion into new geographies and diversification into related areas like renewable energy (solar, wind) for water treatment are possible.

The primary objectives of the Denta Water and Infra Solutions Limited IPO are likely to be:

  • Funding Growth:
    • The primary objective is to raise capital to finance the company’s growth initiatives.
    • This includes expanding its operations into new geographies, acquiring new projects, and investing in new technologies and equipment to improve efficiency and enhance service offerings.
  • Repaying Debt:
    • A portion of the proceeds may be used to repay existing debt obligations, thereby improving the company’s financial leverage and reducing interest expenses.
  • General Corporate Purposes:
    • The funds will also be used for general corporate purposes such as strengthening working capital, meeting operational expenses, and supporting other general business requirements.

By achieving these objectives, Denta Water and Infra Solutions Limited aims to strengthen its financial position, expand its market share, and enhance its long-term growth prospects.

  • Growth Potential: The Indian government is prioritizing water and sanitation infrastructure development, creating significant growth opportunities for the company.  
  • Focus on Essential Services: The company operates in a sector that provides essential services, which is generally less cyclical and less susceptible to economic downturns.
  • Government Support: Government initiatives and policies aimed at improving water and sanitation infrastructure will likely benefit the company.  
  • Competition: The water and wastewater infrastructure sector is competitive, with both established players and new entrants. 
  • Execution Risks: Project execution can be challenging and subject to delays, cost overruns, and regulatory hurdles.
  • Government Regulations: Changes in government regulations or policies related to water and sanitation can impact the company’s operations.
  • Financial Performance: The company’s financial performance will depend on factors such as project execution, contract wins, and raw material costs, which can fluctuate.  
So,How Does Denta Water and Infra Solutions Limited IPO Fare in Terms of Financials ?

Financial Review of Denta Water and Infra Solutions Limited IPO

Period EndedAssets Revenue Profit After TaxNet Worth Reserves and Surplus Total Borrowing
30 Sep 2024220.3598.5124.25188.46169.260.71
31 Mar 2024219.85241.849.73164.26145.060.86
31 Mar 2023123.28175.7550.11104.5599.741.15
31 Mar 202260.64119.6438.3454.4349.630

(₹ Crore)

Key Observations:

  • Revenue Growth: Significant revenue growth from FY22 to FY23, followed by a decline in Q2 FY25. This could indicate seasonality in project execution or potential challenges in securing new contracts.
  • Profitability: Profitability has fluctuated, with a significant increase in FY23 followed by a decline in FY24 and Q2 FY25. This could be attributed to factors such as project margins, input costs, and competition.
  • Asset Growth: Steady growth in assets over the years, reflecting investments in projects and expansion of operations.
  • Net Worth Growth: Consistent growth in net worth, indicating a healthy financial position.
  • Low Debt: The company has maintained a low debt level, which is a positive sign for financial stability.
KPIValues
ROE:36.36%
ROCE:76.99%
EBITDA Margin:33.17%
PAT Margin:25.03%
Debt to equity ratio:0.01
Earning Per Share (EPS):₹31.11 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):36.36%
Net Asset Value (NAV):₹85.55

SWOT Analysis of Denta Water and Infra Solutions Limited

  • Focus on Essential Services: Operates in a sector providing essential services (water and wastewater infrastructure), which has stable and consistent demand.
  • Government Focus: Benefits from government initiatives and policies prioritizing water and sanitation infrastructure development.
  • Project Execution Experience: Likely possesses expertise in project execution, including design, engineering, and construction.
  • Competition: Faces competition from established players in the water and wastewater infrastructure sector.
  • Project Execution Risks: Subject to project delays, cost overruns, and regulatory hurdles.
  • Dependence on Government Contracts: May have significant reliance on government contracts, which can be subject to budgetary constraints and policy changes.
  • Expansion into New Geographies: Expanding operations to new regions with growing demand for water and sanitation infrastructure.
  • Diversification: Diversifying into related areas such as renewable energy for water treatment, desalination, or water management solutions.
  • Technology Adoption: Adopting new technologies such as IoT, AI, and automation to improve efficiency and reduce costs.
  • Economic Slowdown: Economic downturns can impact government spending and private sector investment in infrastructure projects.
  • Natural Disasters: Natural disasters can disrupt operations and cause damage to infrastructure projects.
  • Regulatory Changes: Changes in government regulations or policies related to water and sanitation can impact the company’s operations.

Denta Water and Infra Solutions Limited operates in a competitive market with several key players. Some of the major competitors include:

  • Larsen & Toubro (L&T): A large conglomerate with a strong presence in infrastructure, including water and wastewater treatment.
  • Tata Projects: Another major player in the Indian infrastructure sector with expertise in water and environmental engineering.
  • Shapoorji Pallonji: A diversified conglomerate with a significant presence in infrastructure projects, including water and wastewater treatment.
  • Va Tech Wabag: A global player specializing in water technology and environmental engineering.
  • Atul Auto: A diversified company with a presence in the water and wastewater treatment sector.

Denta Water and Infra Solutions Limited IPO GMP

  • Grey market premium as on 22-01-2025 = ₹ /Share

Disclaimer:

  • IPO Grey Market Premium (Denta Water and Infra Solutions Limited IPO GMP) mention is valid for the specific date as mentioned in the header.
  • We are not buying and selling IPO forms on IPO Grey Market.
  • Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

22/01/2025 10:00 AM

NO OF SHARES OFFEREDDay 1Day 2Day 3
Qualified Institutional Buyers(QIBs)
Non Institutional Investors(NIIs)
Retail Individual Investors(RIIs)
Employees
Total

FINAL TAKEAWAY

HOW APPLY IPO USING DEMAT,UPI, ASBA, NET BANKING ETC ?

How to apply IPO using Bhim UPI app or any UPI app?

How to apply IPO Using KOTAK Bank (ASBA)?

Apply IPO using Upstox mobile app.

How to apply IPO using Bhim UPI app in Upstox?

These are simple and effective steps that increase your IPO allotment chances. Check our page on how to improve IPO allotment chances.

Happy investing!🤩

The post Denta Water and Infra Solutions Limited IPO Review & Details appeared first on Equity2Commodity.

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Capital Infra Trust Invit IPO Review & Details https://equity2commodity.in/capital-infra-invit/ https://equity2commodity.in/capital-infra-invit/#respond Mon, 06 Jan 2025 11:59:41 +0000 https://equity2commodity.in/?p=14884 Capital Infra Trust InvIT IPOCapital Infra Trust Invit The Capital Infra Trust InvIT is a book-built…

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Capital Infra Trust InvIT IPO

Capital Infra Trust Invit

The Capital Infra Trust InvIT is a book-built issue with a size of ₹1,578 crore. The offering comprises a fresh issue of 10.77 crore shares worth ₹1,077 crore and an offer for sale of 5.01 crore shares amounting to ₹501 crore. The issue is open for subscription on January 7, 2025, and close on January 9, 2025. The allotment is expected to be finalised on January 10, 2025, with the listing date set for January 14, 2025, on both BSE and NSE.

Priced between ₹99 and ₹100 per share, the minimum application size for retail investors is 150 shares, requiring a minimum investment of ₹15,000. For sNII and bNII categories, the minimum investments are ₹2,10,000 (2,100 shares) and ₹10,05,000 (10,050 shares), respectively. SBI Capital Markets Limited and HDFC Bank Limited are the lead managers, while KFin Technologies Limited is the registrar for this issue.

Key Details:

  • Issue Type: Book-built Issue
  • Issue Size: ₹1,578 crore
  • Price Band: ₹99-100 per unit
  • Issue Open Date: January 7, 2025
  • Issue Close Date: January 9, 2025
  • Expected Listing Date: January 14, 2025
  • Lead Managers: Axis Capital, ICICI Securities, JM Financial, and Kotak Mahindra Capital
  • Registrar: Kfin Technologies Limited

Timeline

IPO Open Date:January 7, 2025
IPO Close Date:January 9, 2025
Basis of Allotment:January 10, 2025
Refunds:January 13, 2025
Credit to Demat Account:January 13, 2025
IPO Listing Date:January 14, 2025

Capital Infra Trust is an Infrastructure Investment Trust (InvIT) sponsored by Gawar Construction Limited.

  • Focus: The InvIT primarily focuses on investing in completed and operational road and highway infrastructure projects in India.
  • Investment Strategy: Capital Infra Trust aims to acquire a portfolio of high-quality road and highway assets that generate stable and predictable cash flows.
  • Key Features:
    • Long-term Income: InvITs typically generate stable and predictable income streams through long-term leases or toll revenues from infrastructure assets.
    • Tax Benefits: InvITs offer certain tax benefits to investors.
    • Diversification: Investing in an InvIT provides investors with diversification benefits by investing in a portfolio of infrastructure assets.

Market Position:

  • The Indian infrastructure sector, particularly the road and highway sector, is a key driver of economic growth.  
  • InvITs have emerged as an attractive investment option for investors seeking stable and long-term income.  
  • Capital Infra Trust aims to establish itself as a leading player in the Indian road and highway infrastructure InvIT space.  

Future Outlook:

  • The Indian government is committed to investing heavily in infrastructure development, creating significant growth opportunities for the road and highway sector.  
  • Capital Infra Trust aims to expand its portfolio through strategic acquisitions and deliver stable and attractive returns to its unit holders.  

The primary objectives of the Capital Infra Trust IPO are:

  • Fund Acquisition of Assets: The primary objective is to utilize the net proceeds from the IPO to acquire additional road and highway infrastructure assets that meet the investment objectives of the InvIT. This will help expand the portfolio of the Trust and generate stable and predictable cash flows.
  • Repayment of Debt: A portion of the proceeds may be used to repay or pre-pay existing borrowings of the InvIT or its project special purpose vehicles (SPVs). This will help reduce the debt burden and improve the financial stability of the Trust.
  • General Corporate Purposes: The remaining proceeds will be used for general corporate purposes such as working capital requirements, transaction costs related to the IPO, and other general corporate expenses.

By achieving these objectives, Capital Infra Trust aims to strengthen its investment portfolio, enhance its financial performance, and provide attractive and stable returns to its unit holders.

  • Stable Income Streams: Infrastructure projects, particularly well-established road and highway projects, typically generate stable and predictable cash flows.
  • Government Support: The Indian government is actively promoting infrastructure development, which can create favorable conditions for the sector.
  • Experienced Sponsor: The sponsorship by Gawar Construction brings industry expertise and a strong track record.
  • Diversification: Investing in an InvIT provides diversification benefits for investors, as it offers exposure to a different asset class.
  • Interest Rate Risk: Changes in interest rates can impact the cost of debt and affect the profitability of infrastructure projects.
  • Construction and Operational Risks: Unexpected delays or cost overruns in construction or operational challenges can impact project profitability.
  • Competition: Competition from other infrastructure InvITs and other investment options.
  • Regulatory Risks: Changes in government regulations or policies related to infrastructure development can impact the sector.
So, How Does Capital Infra Trust Invit IPO Fare in Terms of Financials ?

Financial Review of Capital Infra Trust Invit IPO

Period EndedAssets Revenue Profit After Tax
30 Sep 20244,905.26792.27115.43
31 Mar 20244,724.071,543.51125.77
31 Mar 20234,283.331,251.89497.19
31 Mar 20222,502.80981.42125.56

(₹ Crore)

Key Observations:

  • Revenue Growth: The company has experienced significant revenue growth, particularly from Q1 2024 to Q2 2024, indicating strong performance from its portfolio of road and highway assets.
  • Profitability: Profit after tax (PAT) has remained relatively stable, suggesting consistent cash flow generation from the underlying assets.
  • Asset Growth: Assets have grown steadily over the past two years, reflecting the acquisition of new assets and organic growth.
  • Disclaimer: This analysis is based on limited financial data and does not constitute financial advice.
KPIValues
ROE:
ROCE:
EBITDA Margin:
PAT Margin:
Debt to equity ratio:
Earning Per Share (EPS):
Price/Earning P/E Ratio:
Return on Net Worth (RoNW):
Net Asset Value (NAV):

SWOT Analysis of Capital Infra Trust Invit Limited

  • Experienced Sponsor: Backed by Gawar Construction, an experienced player in the Indian infrastructure sector.
  • Focus on Stable Assets: Investment in completed and operational road and highway projects provides stable and predictable cash flows.
  • Growth Potential: The Indian infrastructure sector, particularly roads and highways, offers significant growth potential.
  • Diversification: Provides investors with an opportunity to diversify their portfolios by investing in infrastructure assets.
  • Interest Rate Risk: Changes in interest rates can impact the cost of debt and affect the profitability of infrastructure projects.
  • Construction and Operational Risks: Unexpected delays or cost overruns in construction or operational challenges can impact project profitability.
  • Competition: Competition from other infrastructure InvITs and other investment options.
  • Portfolio Expansion: Acquiring additional high-quality road and highway assets to expand the portfolio and enhance returns.
  • Exploring New Infrastructure Sectors: Potentially expanding into other infrastructure sectors such as renewable energy or data centers.
  • Innovation: Exploring innovative financing structures and investment strategies to enhance returns.
  • Economic Slowdown: An economic slowdown can impact traffic volumes and toll revenues.
  • Regulatory Changes: Changes in government regulations or policies related to infrastructure development can impact the sector.
  • Natural Disasters: Natural disasters such as floods or earthquakes can damage infrastructure assets and disrupt operations.

Capital Infra Trust competes with other Infrastructure Investment Trusts (InvITs) and infrastructure funds in the Indian market. Some of the key competitors include:

  • IndiGrid InvIT: A leading infrastructure InvIT focused on power transmission assets.  
  • IRB InvIT: Another prominent player in the road and highway infrastructure InvIT space.  
  • Hastc InvIT: An infrastructure InvIT focused on investing in highways and other infrastructure projects.

Capital Infra Trust Invit IPO GMP

  • Grey market premium as on 07-01-2025 = ₹ /Share

Disclaimer:

  • IPO Grey Market Premium (Capital Infra Trust Invit IPO GMP) mention is valid for the specific date as mentioned in the header.
  • We are not buying and selling IPO forms on IPO Grey Market.
  • Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

07/01/2025 10:00 AM

NO OF SHARES OFFEREDDay 1Day 2Day 3
Qualified Institutional Buyers(QIBs)
Non Institutional Investors(NIIs)
Retail Individual Investors(RIIs)
Employees
Total

FINAL TAKEAWAY

HOW APPLY IPO USING DEMAT,UPI, ASBA, NET BANKING ETC ?

How to apply IPO using Bhim UPI app or any UPI app?

How to apply IPO Using KOTAK Bank (ASBA)?

Apply IPO using Upstox mobile app.

How to apply IPO using Bhim UPI app in Upstox?

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Happy investing!🤩

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Quadrant Future Tek IPO Review & Details https://equity2commodity.in/uadrant-future-tek-ipo/ https://equity2commodity.in/uadrant-future-tek-ipo/#respond Mon, 06 Jan 2025 07:37:43 +0000 https://equity2commodity.in/?p=14879 Quadrant Future Tek Limited IPOQuadrant Future Tek Quadrant Future Tek is gearing up to raise ₹290…

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Quadrant Future Tek Limited IPO

Quadrant Future Tek

Quadrant Future Tek is gearing up to raise ₹290 crore through a fresh issue of 1 crore equity shares. The IPO will be open for subscription from January 7, 2025, to January 9, 2025, with the allotment expected to be finalized on January 10, 2025. The shares are tentatively scheduled to list on the BSE and NSE on January 14, 2025

Key Details:

  • IPO Dates:
    • Open Date: January 7, 2025
    • Close Date: January 9, 2025
    • Listing Date: January 14, 2025
  • Price Band: ₹275 – ₹290 per share
  • Lot Size: 50 shares
  • Issue Size: ₹290 crore (Fresh Issue)
  • Lead Manager: Sundae Capital Advisors Private Limited
  • Registrar: Link Intime India Private Limited

Timeline

IPO Open Date:January 7, 2025
IPO Close Date:January 9, 2025
Basis of Allotment:January 10, 2025
Refunds:January 13, 2025
Credit to Demat Account:January 13, 2025
IPO Listing Date:January 14, 2025

Quadrant Future Tek is a technology-driven company specializing in the development and manufacturing of advanced railway signaling and train control systems. They are a key player in the Indian Railways’ ambitious “KAVACH” project, which aims to enhance railway safety through advanced signaling and train protection systems.10

Core Business:

  • Railway Signaling and Train Control Systems: Development, manufacturing, and installation of advanced signaling and train control systems for railways.
  • Specialty Cables: Manufacturing of specialized cables for railway applications, including rolling stock cables, overhead line cables, and signaling cables.

Market Position:

  • Quadrant Future Tek is a leading player in the Indian railway signaling and train control systems market.
  • The company has a strong focus on research and development and is actively involved in developing cutting-edge technologies.14

Future Outlook:

  • The Indian Railways is undergoing significant modernization and expansion, creating significant growth opportunities for the company.
  • The demand for advanced signaling and train control systems is expected to increase significantly in the coming years.
  • Quadrant Future Tek aims to expand its product offerings and explore new market opportunities, both domestically and internationally.

The primary objectives of the Quadrant Future Tek IPO are:

  • Funding Growth Initiatives: The proceeds from the fresh issue will be utilized to fund long-term working capital requirements of the Company.
  • Capital Expenditure: Fund capital expenditure for the development of Electronic Interlocking System.
  • Prepayment or Repayment of Debt: Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company.
  • General Corporate Purposes: Utilize the net proceeds for general corporate purposes.

By achieving these objectives, Quadrant Future Tek aims to strengthen its financial position, expand its operations, and capitalize on the growth opportunities within the Indian railway sector.its market position, enhance its service offerings, and drive long-term growth.

  • Growth Potential: The Indian Railways is undergoing significant modernization, creating strong growth prospects for companies specializing in railway signaling and train control systems.
  • Government Focus: The Indian government is prioritizing railway infrastructure development, which will likely benefit companies like Quadrant Future Tek.
  • “KAVACH” Project: The company’s involvement in the “KAVACH” project provides a significant competitive advantage.
  • Government Dependence: The company’s revenue is heavily dependent on orders from the Indian Railways, which can be subject to government policies and budgetary allocations.
  • Competition: The railway signaling and train control systems market may face increased competition from both domestic and international players.
  • Technological Disruptions: Rapid technological advancements in the railway sector could require significant investments in research and development to remain competitive.
So, How Does Quadrant Future Tek IPO Fare in Terms of Financials ?

Financial Review of Quadrant Future Tek IPO

Period EndedAssetsRevenuePATNet WorthReserves and SurplusTotal Borrowing
30 Sep 2024149.6665.14-12.1134.184.1898.01
31 Mar 2024142.82151.8214.7144.1134.1181.61
31 Mar 2023118.82152.9513.9129.4219.4274.80
31 Mar 2022112.77104.291.9415.615.6180.68

(₹ Crore)

Key Observations:

Growth:

  • Assets have grown steadily over the past three years, with a growth of 5.36% in 2023, 20.20% in 2024, and 4.79% in the quarter ending September 2024.
  • Revenue has increased significantly from 2022 to 2023 but declined slightly in 2024. In the quarter ending September 2024, revenue has declined significantly.
  • Profit after tax (PAT) has shown a positive trend, increasing from 2022 to 2024. However, there was a significant decline in the quarter ending September 2024.

Debt:

  • Total borrowing has decreased from 2022 to 2024. However, there was a significant increase in the quarter ending September 2024.
KPIValues
ROE:33.41%
ROCE:26.12%
EBITDA Margin:24.15%
PAT Margin:9.68
Debt to equity ratio:1.86
Earning Per Share (EPS):4.90
Price/Earning P/E Ratio:59.13
Return on Net Worth (RoNW):33.41%
Net Asset Value (NAV):14.70

SWOT Analysis of Quadrant Future Tek Limited

  • Focus on a Niche Market: Specialization in railway signaling and train control systems provides a niche advantage.
  • “KAVACH” Project Involvement: Participation in the “KAVACH” project provides a significant competitive advantage and potential for future growth.
  • Technology Expertise: Focus on research and development of advanced technologies in railway signaling.
  • Government Focus: The Indian government’s emphasis on railway infrastructure development creates favorable growth opportunities.
  • Dependence on Indian Railways: Revenue is heavily reliant on orders from the Indian Railways, making the company susceptible to government policies and budgetary allocations.
  • Limited Diversification: Relatively limited diversification beyond the railway sector.
  • Competition: Facing competition from established players in the railway signaling and train control systems market.
  • Expansion into New Markets: Exploring opportunities in other transportation sectors, such as metros and urban transit systems.
  • Export Potential: Exploring international markets for railway signaling and train control systems.
  • Technological Advancements: Developing and implementing cutting-edge technologies like AI and IoT in railway signaling systems.
  • Government Budgetary Constraints: Government budget cuts could impact orders from the Indian Railways.
  • Technological Disruptions: Rapid technological advancements could render existing technologies obsolete.
  • Competition from International Players: Increased competition from global players could impact market share and profitability.

Quadrant Future Tek operates in a competitive market with several key players:

  • Medha Servo Controls: A leading player in the Indian railway signaling and train control systems market.
  • Kernex Microsystems: Another significant player in the railway signaling and train control systems market.
  • ABB: A global technology leader with a strong presence in the railway automation and electrification sector.
  • Siemens: A global technology giant with a significant presence in the railway signaling and automation market.

Quadrant Future Tek IPO GMP

  • Grey market premium as on 07-01-2025 = 210/Share

Disclaimer:

  • IPO Grey Market Premium (Quadrant Future Tek IPO GMP) mention is valid for the specific date as mentioned in the header.
  • We are not buying and selling IPO forms on IPO Grey Market.
  • Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

07/01/2025 12:30 PM

NO OF SHARES OFFEREDDay 1Day 2Day 3
Qualified Institutional Buyers(QIBs)31,63,6360.01
Non Institutional Investors(NIIs)15,81,8188.98
Retail Individual Investors(RIIs)10,54,54529.72
Employees
Total57,99,9997.86

FINAL TAKEAWAY

HOW APPLY IPO USING DEMAT,UPI, ASBA, NET BANKING ETC ?

How to apply IPO using Bhim UPI app or any UPI app?

How to apply IPO Using KOTAK Bank (ASBA)?

Apply IPO using Upstox mobile app.

How to apply IPO using Bhim UPI app in Upstox?

These are simple and effective steps that increase your IPO allotment chances. Check our page on how to improve IPO allotment chances.

Happy investing!🤩

The post Quadrant Future Tek IPO Review & Details appeared first on Equity2Commodity.

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International Gemological Institute IPO Review & Details https://equity2commodity.in/international-gemological-institute-ipo/ https://equity2commodity.in/international-gemological-institute-ipo/#respond Fri, 13 Dec 2024 11:38:12 +0000 https://equity2commodity.in/?p=14864 International Gemological Institute IPOInternational Gemological Institute IPO The International Gemmological Institute (IGI) IPO opened for…

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International Gemological Institute IPO

International Gemological Institute IPO

The International Gemmological Institute (IGI) IPO opened for subscription on December 13, 2024 and closed on December 17, 2024. The shares were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 20, 2024.  

The price band for the IPO was set at ₹397 to ₹417 per share. The minimum bid lot size was 35 shares. The company raised approximately ₹4,225 crore through the IPO.

Key Details:

  • Issue Type: Book-built Issue
  • Issue Size:  ₹4,225.00 Cr
  • Fresh Issue: ₹1,475.00 Cr
  • Offer for Sale:₹2,750.00 Cr
  • Price Band: ₹397 to ₹417 per share
  • Lot Size:35 Shares

Timeline

IPO Open Date:December 13, 2024
IPO Close Date:December 17, 2024
Basis of Allotment:December 18, 2024
Refunds:December 19, 2024
Credit to Demat Account:December 19, 2024
IPO Listing Date:December 20, 2024

International Gemological Institute (IGI) is a leading global gemmological laboratory that provides independent grading reports for diamonds, colored gemstones, and pearls.1 The company has a strong reputation for its expertise in gem identification, grading, and valuation.2

Core Business:

  • Gemological Services: Providing independent gemmological services, including grading, identification, and valuation of diamonds, colored gemstones, and pearls.3
  • Educational Services: Offering training and education programs in gemology and jewelry design.4
  • Consumer Education: Creating awareness about gemstones and jewelry through various channels.

Market Position:

  • IGI is one of the most recognized and trusted names in the gemmological industry.5
  • The company has a global network of laboratories and offices.6
  • IGI’s grading reports are widely accepted by the jewelry industry.7

Future Outlook:

  • The global jewelry market is growing, driven by increasing consumer demand for luxury goods.8
  • IGI is well-positioned to capitalize on this growth and expand its market share.9
  • The company may explore new services and technologies to enhance its offerings.

The primary objectives of the International Gemological Institute (IGI) IPO are:

  1. Funding Growth Initiatives: The proceeds from the IPO will be used to fund the company’s growth initiatives, including expanding its laboratory network, investing in technology, and acquiring new businesses.
  2. Reducing Debt: The funds raised will also be used to reduce the company’s debt burden and improve its financial position.
  3. General Corporate Purposes: The funds will be used for general corporate purposes, such as working capital requirements and other operational expenses.

By achieving these objectives, IGI aims to strengthen its market position, enhance its service offerings, and drive long-term growth.

  • Strong Brand Reputation: IGI is a well-established and globally recognized brand in the gemmological industry.
  • Diversified Revenue Streams: The company generates revenue from various services, including grading, identification, valuation, and education.
  • Growth Potential: The global jewelry market is growing, and IGI is well-positioned to benefit from this growth.

NEGATIVE

  • Economic Sensitivity: The jewelry industry can be sensitive to economic downturns, which may impact consumer demand for luxury goods.
  • Regulatory Risks: Changes in government regulations or import/export duties can affect the company’s operations.
  • Competition: The gemmological industry is competitive, with other players offering similar services.
So, How Does International Gemological Institute IPO Fare in Terms of Financials ?

Financial Review of International Gemological Institute IPO

Period Ended30 Sep 202431 Dec 202331 Dec 202231 Dec 2021
Assets775.60603.20409.03319.69
Revenue619.49648.66499.33374.29
Profit After Tax326.06324.74241.76171.53
Net Worth643.41509.01339.07242.59
Reserves and Surplus111.46119.40
Amount in ₹ Crore

(₹ Crore)

Key Observations:

  • Revenue Growth: The company has consistently increased its revenue over the past few years, indicating strong growth and market penetration.
  • Profitability: Profit after tax (PAT) has also grown steadily, suggesting improved operational efficiency and cost management.
  • Asset Growth: The company has invested in assets, as evidenced by the increase in total assets over the past few years.
  • Net Worth and Reserves: A healthy increase in net worth and reserves suggests a strong financial position.
  • Total Borrowing: The company has a relatively low debt level, indicating a strong financial position.
KPIValues
ROE:-%
ROCE:-%
EBITDA Margin:36.84%
PAT Margin:7.30%
Debt to equity ratio:
Earning Per Share (EPS):₹8.18 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):76.58%
Net Asset Value (NAV):₹12.83

SWOT Analysis of International Gemological Institute (IGI)

  • Strong Brand Reputation: IGI is a globally recognized brand in the gemmological industry.
  • Expertise and Technology: The company has a strong team of experts and advanced technology to provide accurate and reliable services.
  • Global Network: IGI has a wide network of laboratories and offices, enabling it to serve a global clientele.
  • Diversified Revenue Streams: The company generates revenue from various services, including grading, identification, valuation, and education.
  • Economic Sensitivity: The jewelry industry can be sensitive to economic downturns, which may impact demand for gemmological services.
  • Regulatory Risks: Changes in government regulations or import/export duties can affect the company’s operations.
  • Competition: The gemmological industry is competitive, with other players offering similar services.
  • Expanding Global Presence: IGI can expand its operations to new markets and regions.
  • Technological Advancements: Leveraging technology to improve efficiency and accuracy in gemmological services.
  • Diversification of Services: Offering additional services, such as jewelry design and consulting, to generate new revenue streams.
  • Economic Downturns: A slowdown in the global economy can impact consumer demand for luxury goods.
  • Currency Fluctuations: Fluctuations in foreign exchange rates can affect the company’s profitability.
  • Counterfeit and Synthetic Gemstones: The increasing prevalence of counterfeit and synthetic gemstones can pose a challenge to the industry.

IGI operates in a competitive market with several key players:

  • Gemological Institute of America (GIA): A leading global gemological laboratory known for its stringent grading standards.
  • Gemological Institute of India (GII): A prominent Indian gemological laboratory.
  • HRD Antwerp: A Belgian gemological laboratory offering a range of services, including diamond grading and research.

IInternational Gemological Institute IPO GMP

  • Grey market premium as on 13-12-2024 = ₹86 /Share

Disclaimer:

  • IPO Grey Market Premium (International Gemological Institute IPO GMP) mention is valid for the specific date as mentioned in the header.
  • We are not buying and selling IPO forms on IPO Grey Market.
  • Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

13/12/2024 5:00 PM

NO OF SHARES OFFEREDDay 1Day 2Day 3
Qualified Institutional Buyers(QIBs)3,03,81,2950.00
Non Institutional Investors(NIIs)1,51,90,6470.14
Retail Individual Investors(RIIs)1,01,27,0980.70
Employees52,9102.34
Total5,57,51,9500.17

FINAL TAKEAWAY

HOW APPLY IPO USING DEMAT,UPI, ASBA, NET BANKING ETC ?

How to apply IPO using Bhim UPI app or any UPI app?

How to apply IPO Using KOTAK Bank (ASBA)?

Apply IPO using Upstox mobile app.

How to apply IPO using Bhim UPI app in Upstox?

These are simple and effective steps that increase your IPO allotment chances. Check our page on how to improve IPO allotment chances.

Happy investing!🤩

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Inventurus Knowledge Solutions Limited IPO Review & Details https://equity2commodity.in/nventurus-knowledge-ipo/ https://equity2commodity.in/nventurus-knowledge-ipo/#respond Wed, 11 Dec 2024 09:39:48 +0000 https://equity2commodity.in/?p=14819 Inventurus Knowledge SolutionsInventurus Knowledge Solutions Limited IPO Details The Inventurus Knowledge Solutions IPO opened for…

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Inventurus Knowledge Solutions

Inventurus Knowledge Solutions Limited IPO Details

The Inventurus Knowledge Solutions IPO opened for subscription on December 12, 2024, and closed on December 16, 2024. The shares were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 18, 2024.

The price band for the IPO was set at ₹1265 to ₹1329 per share. The minimum bid lot size was 11 shares. The company raised approximately ₹2,497.92 crore through the IPO.

Key Details:

  • Issue Type: Book-built Issue
  • Issue Size: ₹2,497.92 crore
  • Price Band: ₹1265-₹1329 per share
  • Issue Open Date: December 12, 2024
  • Issue Close Date: December 16, 2024
  • Expected Listing Date: December 18, 2024
  • Lead Managers: Axis Capital Limited, Kotak Mahindra Capital Limited, and Citigroup Global Markets India Private Limited
  • Registrar: Kfin Technologies Limited

Timeline

IPO Open Date:December 12, 2024
IPO Close Date:December 16, 2024
Basis of Allotment:December 17, 2024
Refunds:December 18, 2024
Credit to Demat Account:December 18, 2024
IPO Listing Date:December 19, 2024

Inventurus Knowledge Solutions Limited is a leading provider of IT services, digital solutions, and business consulting services. The company caters to a diverse range of clients, including global corporations, government agencies, and startups.

Core Business:

  • IT Services: Providing a wide range of IT services, such as software development, application maintenance, and cloud solutions.
  • Digital Solutions: Offering digital transformation solutions, including data analytics, artificial intelligence, and machine learning.
  • Business Consulting: Providing consulting services to help clients improve their business processes and achieve their strategic goals.

Market Position:

  • Inventurus Knowledge Solutions has a strong presence in the Indian IT services market.
  • The company has a global client base and operates in various industries, including BFSI, healthcare, and manufacturing.

Future Outlook:

  • The Indian IT services industry is expected to continue growing, driven by increasing digital adoption and technological advancements.
  • Inventurus Knowledge Solutions aims to expand its service offerings, strengthen its global presence, and drive growth through strategic acquisitions and partnerships.

The primary objectives of the Inventurus Knowledge Solutions Limited IPO are:

  1. Raising Capital: The company aims to raise ₹2,497.92 crore through the IPO, which will be used for:
    • Funding Growth: Investing in organic and inorganic growth initiatives.
    • Repaying Debt: Reducing the company’s debt burden.
    • General Corporate Purposes: Supporting general corporate activities and working capital requirements.
  2. Enhance Brand Visibility: The IPO will increase the company’s visibility and brand recognition among investors and clients.
  3. Part Exit for Existing Shareholders: The IPO includes an Offer for Sale (OFS) component, allowing existing shareholders to partially exit their investment.

By achieving these objectives, Inventurus Knowledge Solutions Limited aims to strengthen its financial position, expand its business operations, and enhance its market reputation.

  • Strong Growth Prospects: The Indian IT services industry is growing rapidly, driven by increasing digital adoption and technological advancements.
  • Diverse Service Offerings: Inventurus offers a wide range of IT services, providing a diversified revenue stream.
  • Experienced Management Team: The company has a strong and experienced management team with a proven track record.
  • Global Presence: Inventurus has a global client base, which can help mitigate risks associated with a single market.

NEGATIVE

  • Intense Competition: The IT services industry is highly competitive, with several global and domestic players.
  • Currency Fluctuations: Fluctuations in foreign exchange rates can impact the company’s financial performance.
  • Talent Acquisition and Retention: Attracting and retaining skilled IT professionals is crucial, especially in a competitive market.
  • Regulatory Risks: Changes in government regulations can impact the IT services industry.
So, How Does Inventurus Knowledge Solutions IPO Fare in Terms of Financials ?

Financial Review of Inventurus Knowledge Solutions

Period EndedAssetsRevenuePATNet Worth Reserves and Surplus Total Borrowing
30 Sep 20242,790.521,294.61208.581,377.111,360.17828.63
31 Mar 20242,275.141,857.94370.491,157.861,140.941,193.42
31 Mar 20232,186.651,060.16305.23828.64811.80699.23
31 Mar 20222,164.23784.47232.97647.07630.26751.32

(₹ Crore)

Key Observations:

  • Revenue Growth: The company has consistently increased its revenue over the past two years, indicating strong growth and market penetration.
  • Profitability: Profit after tax (PAT) has also grown steadily, suggesting improved operational efficiency and cost management.
  • Asset Growth: The company has invested in assets, as evidenced by the increase in total assets over the past two years.
  • Net Worth and Reserves: A healthy increase in net worth and reserves suggests a strong financial position.
  • Debt: Total borrowing has increased, but it remains at a manageable level.
KPIValues
ROE:32.00%
ROCE:31.56%
EBITDA Margin:28.62%
PAT Margin:20.38%
Debt to equity ratio:0.06
Earning Per Share (EPS):₹22.37 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):32.00%
Net Asset Value (NAV):₹69.70
  • Experienced Management Team: The company has a strong and experienced management team with a proven track record.
  • Diverse Service Offerings: Inventurus offers a wide range of IT services, reducing its reliance on any single service.
  • Global Presence: The company has a global client base, which can help mitigate risks associated with a single market.
  • Strong Financial Performance: The company has demonstrated consistent financial growth and profitability.
  • Intense Competition: The IT services industry is highly competitive, with several global and domestic players.
  • Client Concentration Risk: Reliance on a few key clients can impact the company’s revenue and profitability.
  • Talent Acquisition and Retention: Attracting and retaining skilled IT professionals can be challenging.
  • Digital Transformation: The increasing adoption of digital technologies presents opportunities for growth.
  • Emerging Technologies: Exploring new technologies like AI, machine learning, and blockchain can drive innovation and create new revenue streams.
  • Global Expansion: Expanding into new markets and regions can increase the company’s market reach.
  • Economic Slowdown: A slowdown in the global economy can impact demand for IT services.
  • Currency Fluctuations: Fluctuations in foreign exchange rates can impact the company’s financial performance.
  • Cybersecurity Threats: Increasing cyber threats can pose risks to the company’s operations and reputation.

Inventurus Knowledge Solutions Limited operates in a highly competitive IT services market. Key competitors include:

  • Infosys: A global leader in technology consulting and digital services.
  • Tata Consultancy Services (TCS): A multinational IT services company with a strong presence in various industries.
  • Wipro: A global information technology, consulting, and business process services company.
  • HCL Technologies: A leading global technology company offering a range of IT services and solutions.
  • Tech Mahindra: A leading provider of digital transformation, consulting, and business solutions services.

Inventurus Knowledge Solutions GMP

  • Grey market premium as on 13-12-2024 = 375/Share

Disclaimer:

  • IPO Grey Market Premium (Inventurus Knowledge Solutions IPO GMP) mention is valid for the specific date as mentioned in the header.
  • We are not buying and selling IPO forms on IPO Grey Market.
  • Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

13/12/2024 5:00 PM

NO OF SHARES OFFEREDDay 1Day 2Day 3
Qualified Institutional Buyers(QIBs)56,19,1541.541.89
Non Institutional Investors(NIIs)28,09,5760.793.13
Retail Individual Investors(RIIs)18,73,0501.674.24
Employees65,0000.801.90
Total1,03,66,7801.362.65

FINAL TAKEAWAY

HOW APPLY IPO USING DEMAT , UPI, ASBA, NET BANKING ETC ?

How to apply IPO using Bhim UPI app or any UPI app?

How to apply IPO Using KOTAK Bank (ASBA)?

Apply IPO using Upstox mobile app.

How to apply IPO using Bhim UPI app in Upstox?

These are simple and effective steps that increase your IPO allotment chances. Check our page on how to improve IPO allotment chances.

Happy investing!🤩

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Sai Life Sciences Limited IPO Review & Details https://equity2commodity.in/sai-life-sciences-ipo/ https://equity2commodity.in/sai-life-sciences-ipo/#respond Tue, 10 Dec 2024 10:38:54 +0000 https://equity2commodity.in/?p=14815 Sai Life Sciences IPOSai Life Sciences Limited IPO: Key Details The IPO of Sai Life Sciences…

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Sai Life Sciences IPO

Sai Life Sciences Limited IPO: Key Details

The IPO of Sai Life Sciences Limited opened for subscription on December 11, 2024 and closed on December 13, 2024. The shares were listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 18, 2024.

The price band for the IPO was set at ₹522 to ₹549 per share. The minimum bid lot size was 27 shares. The company raised approximately ₹3,042 crore through the IPO.

Key Details:

  • Issue Type: Book-built Issue
  • Issue Size: ₹3,042.62 crore
  • Fresh Issue:₹950.00 Crores
  • Price Band: ₹522-₹549 per share
  • Lot Size: 190 shares
  • Face Value: ₹10 per share
  • Offer Type: Book Built Issue
  • Lead Managers: Kotak Mahindra Capital Company Limited,Jefferies India Private Limited,Morgan Stanley India Company Pvt Ltd ,IIFL Securities Ltd
  • Registrar: KFin Technologies Limited

Timeline

IPO Open Date:December 11, 2024
IPO Close Date:December 13, 2024
Basis of Allotment:December 16, 2024
Refunds:December 17, 2024
Credit to Demat Account:December 17, 2024
IPO Listing Date:December 18, 2024

Sai Life Sciences Limited is a leading contract research, development, and manufacturing organization (CRDMO) focused on small molecule drug discovery and development.1 The company offers a range of services, including medicinal chemistry, analytical chemistry, process chemistry, and formulation development.

Core Business:

  • Contract Research, Development, and Manufacturing (CRDMO):3 Sai Life Sciences provides end-to-end solutions for drug discovery and development, from early-stage research to commercial manufacturing.4
  • Active Pharmaceutical Ingredients (APIs): The company manufactures a range of APIs for various therapeutic areas.5

Market Position:

  • Sai Life Sciences has a strong global presence and collaborates with leading pharmaceutical companies.6
  • The company has a proven track record of delivering high-quality products and services.7

Future Outlook:

  • The global pharmaceutical industry is growing, driven by increasing healthcare spending and the development of innovative drugs.8
  • Sai Life Sciences is well-positioned to capitalize on these trends and expand its business.9
  • The company may explore new therapeutic areas and technologies to drive future growth.

Read DRHP Here


The primary objectives of the Sai Life Sciences IPO are:

  1. Debt Reduction: Utilize the proceeds from the fresh issue to repay or prepay certain outstanding borrowings availed by the company.
  2. General Corporate Purposes: Strengthen overall financial and operational capabilities, including working capital requirements, funding capital expenditure, and other general corporate purposes.

By achieving these objectives, Sai Life Sciences aims to improve its financial position, reduce its debt burden, and enhance its growth prospects.

  • Strong Market Position: Sai Life Sciences is a leading contract research, development, and manufacturing organization (CRDMO) with a strong global presence.
  • Diverse Portfolio: The company offers a wide range of services, including medicinal chemistry, analytical chemistry, process chemistry, and formulation development.
  • Experienced Management Team: The company has a strong and experienced management team with a proven track record.
  • Growth Potential: The global pharmaceutical industry is growing, driven by increasing healthcare spending and the development of innovative drugs.

NEGATIVE

  • Intense Competition: The CRDMO industry is highly competitive, with several global players.
  • Regulatory Challenges: The pharmaceutical industry is subject to stringent regulations, which can impact the company’s operations.
  • Client Concentration Risk: Reliance on a few key clients can expose the company to risks if those clients reduce their spending.
So, How Does Sai Life Sciences Fare in Terms of Financials ?

Financial Review of Sai Life Sciences Limited

Period EndedAssetsRevenue PATNet Worth Reserves and Surplus Total Borrowing
30 Sep 20242,476.78693.3528.011,044.751,025.44764.49
31 Mar 20242,275.141,494.2782.81974.34953.99710.16
31 Mar 20232,186.651,245.119.99887.29867.43699.23
31 Mar 20222,164.23897.746.23877.76859.17751.32

(₹ Crore)

Key Observations:

  • Revenue Growth: The company has consistently increased its revenue over the past few years, indicating strong growth and market penetration.
  • Profitability: Profit after tax (PAT) has also grown steadily, suggesting improved operational efficiency and cost management.
  • Asset Growth: The company has invested in assets, as evidenced by the increase in total assets over the past few years.
  • Net Worth and Reserves: A healthy increase in net worth and reserves suggests a strong financial position.
  • Debt: The company has a relatively low debt level, indicating a strong financial position.
KPIValues
ROE:8.49%
ROCE:10.26%
EBITDA Margin:20.48%
PAT Margin:5.65%
Debt to equity ratio:0.75
Earning Per Share (EPS):₹4.57 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):8.50%
Net Asset Value (NAV):₹53.83
  • Strong Global Presence: The company has a strong global presence and collaborates with leading pharmaceutical companies.
  • Diverse Portfolio: Sai Life Sciences offers a wide range of services, including medicinal chemistry, analytical chemistry, process chemistry, and formulation development.
  • Experienced Management Team: The company has a strong and experienced management team with a proven track record.
  • Focus on Quality and Innovation: The company is committed to delivering high-quality products and services.
  • Intense Competition: The CRDMO industry is highly competitive, with several global players.
  • Client Concentration Risk: Reliance on a few key clients can expose the company to risks.
  • Regulatory Challenges: The pharmaceutical industry is subject to stringent regulations, which can impact operations and profitability.
  • Growing Pharmaceutical Market: The global pharmaceutical market is growing, driven by increasing healthcare spending and the development of innovative drugs.
  • Expansion into New Therapeutic Areas: The company can explore new therapeutic areas to diversify its revenue streams.
  • Strategic Partnerships: Collaborating with other companies to access new technologies and markets.
  • Economic Downturns: Economic downturns can impact pharmaceutical spending and affect the company’s business.
  • Currency Fluctuations: Fluctuations in foreign exchange rates can impact the company’s profitability.
  • Intellectual Property Risks: Protecting intellectual property rights is crucial in the pharmaceutical industry.

Sai Life Sciences Limited operates in a highly competitive Contract Research, Development, and Manufacturing Organization (CRDM) landscape. Key competitors include:

  • Piramal Pharma Solutions: A global contract development and manufacturing organization (CDMO) with a strong focus on complex molecules.
  • Jubilant Biosys: A CDMO specializing in small molecule drug discovery and development.
  • Dr. Reddy’s Laboratories: A leading pharmaceutical company with a significant presence in the CRDMO space.
  • Aurobindo Pharma: A global pharmaceutical company with a strong focus on generic drugs and active pharmaceutical ingredients (APIs).

Key areas of competition:

  • Service Offerings: Companies compete in terms of the range of services offered, including drug discovery, development, and manufacturing.
  • Technological Capabilities: Advanced technologies and innovative approaches are crucial for staying competitive.
  • Client Base: Attracting and retaining a diverse client base, including global pharmaceutical companies, is essential.
  • Regulatory Compliance: Adherence to stringent regulatory standards is crucial for operating in the pharmaceutical industry.
  • Pricing and Cost Efficiency: Competitive pricing and efficient operations are key to profitability.

By understanding the competitive landscape, Sai Life Sciences can identify opportunities for growth, differentiate itself from competitors, and strengthen its market position.

Sai Life Sciences IPO GMP

  • Grey market premium as on 13-12-2024 = ₹91/ Share

Disclaimer:

  • IPO Grey Market Premium (Sai Life Sciences IPO GMP) mention is valid for the specific date as mentioned in the header.
  • We are not buying and selling IPO forms on IPO Grey Market.
  • Don’t decide to subscribe to an IPO just based on the initial price, as it can change before the listing.Subscribe only considering Fundamentals of the companies.

13/12/2024 5:00 PM

NO OF SHARES OFFEREDDay 1Day 2Day 3
Qualified Institutional Buyers(QIBs)1,06,71,7632.623.3230.93
Non Institutional Investors(NIIs)84,47,4260.150.594.92
Retail Individual Investors(RIIs)1,97,10,6590.180.421.37
Employees
Total3,88,29,8480.841.2510.26

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