What is the GMP of Tata Technologies?
After many years, we will have an IPO from Tata Group and this IPO is expected to catch strong fancy in the market.
Huge over subscription is expected for this IPO.
Premium: Rs.287-290 Solid volume
Small Application Rs.
Rs. 2L+ Rs.
Rs.10 L Rs
Grey Market is an unregulated market to trade IPO applications and IPO shares before listing of the stock. An investor may not trade in the grey market, but an idea of the GMP can be used to estimate the listing gain on the IPO share. GMP or Grey Market Premium adding to issue price gives the estimated listing price of the IPO share.
Ideaforge Technology IPO Subscription Status
On 30 June 2023 @ 5.30 (Day 4) (Closed)
QIB: 2528595 Shares 125.81 T
NII(10L+): 842864 Shares 81.99 T
NII (<10L) 421433 Shares 77.75 T
NII (Total) 932250 Shares 80.58 T
RII: 2600334 Shares 85.16 T
Emp: 13112 Shares 96.58 T
Total: 4648870 Shares 106.05 T
The IPO is receiving impressive subscription numbers more particularly from retail investors and employees. Huge oversubscription expected on the last day from HNIs and QIBs.
GMP of Ideaforge Technology
IPO Grey Market Premium shows strong fancy, in spite the price and dates are not announced.
What is the Grey Market Premium of Idea Forging? (Price Rs 672, Lot 22)
Premium: Rs. 525-535
Retail Application Rs. 250
Retail subject to Rs. 6300
Rs.2 application fix Rs. 1700
Rs.2L subject to Rs. 105000
Rs.10L+ Kost Rs. 9500
Rs.10L subject to: Rs. 105000
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Review of HMA Agro Industries IPO
The company has been in the meat industry since over four decades. and has very strong and established export business across more than 40 countries and has impressive topline and strong profit margins. Now the company has diversified its product portfolio to include Frozen Fish Products, Basmati Rice, Poultry and other agri products.
The shares are offered at attractive valuations. NII portion is very small, just 72 crores. Huge oversubscription is expected. Apply.
GMP of HMA Agro Industries
Huge over subscription is expected for this IPO in NII and RII categories.
On 20 June 2023
GMP: Rs. 28
Grey Market is an unregulated market to trade IPO applications and IPO shares before listing of the stock. An investor may not trade in the grey market, but an idea of the GMP can be used to estimate the listing gain on the IPO share. GMP or Grey Market Premium adding to issue price gives the estimated listing price of the IPO share.
Subscription of Ikio Lighting IPO
On 8 June 2023 @ 5.00 (Closed)
QIB: 4242592 Shares 163.58 T
NII(10L+): 2196296 Shares 66.87 T
NII (<10L) 1098149 Shares 56.33 T
NII (Total) 3294445 Shares 63.35 T
RII: 7687037 Shares 13.86 T
Total: 15224074 Shares 66.30 T
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GMP of Ikio Lighting
The IPO shows fancy in the Grey market since the dates and price band are announced.
GMP: Rs. 113-117
Retail Kostak Rs. 700
Retail Subject to Rs. 2100
Small HNI kostak Rs.2100
Small HNI Subject to Rs. 15000
Big HNI Kostak Rs. 9200
Big HNI Rs. 10 L (+):Subject to Rs. 15000
Review of Ikio Lighting IPO
Synopsis
The business of Original Design Manufacturing enjoys fancy among the investors at present. The company has strong profitability and growth potential. The IPO size is not large, and the pricing as compared to the peers is reasonable. Fundamentally, you may apply. To learn about grey market fancy for this IPO, pl. check grey market updates.
Detailed analysis:
In earlier days, the brands used to own and operate their own production units. Nowadays to avail the economies of scale, the brands entrust the manufacturing activities to one or two trusted companies, whose main focus is achieving economies of scale and provide desired quality at reasonable production costs. So the business of Electronics Manufacturing Services and Original Design Manufacturing are growing as fast pace.
Ikio Lighting has focused on sustainability and providing low energy LED products. Its products are categorised as (i) LED lighting; (ii) refrigeration lights; (iii) ABS (acrylonitrile butadiene styrene) piping; and (iv) other products. Its LED lighting offerings focus on the premium segment and include lighting, fittings, fixtures, accessories and components.
Its largest customer is Signify Innovations India Limited, erstwhile Philips Electronics India Limited ,
which according to Frost & Sullivan in Fiscal 2022 had a 50% market share in India’s functional decorative lighting category (including LED spotlights, LED downlights and cove lights) and a 10% market share in India’s true-blue decorative lighting segment.
It has a history of high customer retention. In Fiscal 2022, it derived approximately 93.56% of its consolidated restated revenues from operations from repeat customers.
The business has shown strong growth in the topline and bottomline during the years 2019-20 to 20221-22.
IPO Size: The size of the IPO is not very large. 21280702 Shares are offered at the price band of Rs. 270-285 and at the upper priceband the company will raise Rs 606.50 Cr. (Rs. 350 by fresh issue of shares and the balance by offer for Sale)
Pricing: The shares are offered at very attractive valuations. The upper price band to the EPS of 2021-22 comes to 36.68(whereas the current prices of the peer companies show much higher PE Multiples, eg.
Dixon Technologies @ PE of 90.93
Amber Enterprise @ PE of 57.07
Syrma SGS @ PE of 63.28
Elin Electronics @ PE of 13.91.
So, the offer price leaves room for reasonable gains subsequent to the listing.
Grey Market Fancy: The IPO shows good fancy in the grey market since the price band and dates are announced. For latest updates on grey market, please click: GMP updates
Conclusion: Apply for listing gains and as well as as long term investment
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Subscription of Mankind Pharma
On 27 April 2023 @ 5.00 (Day 3)
QIB 8011769 Shares, 49.16T
NII: 6008827 Shares 3.80T
RII: 14020596 Shares 0.92T
Total: 28041192 Shares 15.32T
The subscription trend in NII category is weak. 3.80T subscription is disappointing.
GMP of IRM energy
Will update soon once the trades starts
Grey Market is an unregulated market to trade IPO applications and IPO shares before listing of the stock. An investor may not trade in the grey market, but an idea of the GMP can be used to estimate the listing gain on the IPO share. GMP or Grey Market Premium adding to issue price gives the estimated listing price of the IPO share.
November 14, 2023
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