January 13, 2025
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IPO Listing Price estimate
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Standard Glass Lining IPO Subscriptions Price Rs. 140 Lot 107 shares, Net Rs. 410.05 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 327.76 | 302.21 | 221.21 | 275.21 | 65.71 | 185.48 |
| Applications: 52,39,243 Standard Glass Lining is one of the top five specialised engineering equipment manufacturer for pharmaceutical and chemical sectors in India, in terms of revenue in Fiscal 2024, with in house capabilities across the entire value chain. The IPO is subscribed 185.48 times and current premium in the grey market is moving around Rs. 48 Vs. issue price of Rs. 140. The IPO is anticipated to list at Rs. 185 amidst bearish mood of the market. |
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Unimech Aerospace IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 334.68 | 302.30 | 228.05 | 277.55 | 59.19 | 184.34 |
| Listing Estimate: Unimech Aerospace is a global high precision engineering solutions company specializing in manufacturing of complex products with “build to print” and “build to specifications” offering, which involves machining, fabrication, assembly, testing and creating new products basis the specific requirements of its clients for the aerospace, defense, energy and semi-conductor industries. The IPO received impressive subscriptions from all categories of the investors. Today the mood of the market at the opening bell is anticipated to be weak and down and it will affect the listing sentiment. Accordingly, we anticipate listing in the range of Rs. 1400-1440 Actual listing at Rs. 1460 |
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Ventive Hospitality IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 9.58 | 15.86 | 12.08 | 14.60 | 6.19 | 10.33 |
| Listing Estimate: Ventive Hospitality is a hospitality asset owner with a primary focus on luxury offerings across business and leisure segments. All of its hospitality assets are operated by or franchised from global operators, including Marriott, Hilton, Minor and Atmosphere. The IPO received ok-ok subscription and now the market mood suggest, the investors tend to sell the allotted shares. Accordingly, we anticipate listing in the range of Rs. 730 Actual listing at Rs. 716 |
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Senores Pharma IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 97.84 | 95.25 | 111.34 | 100.35 | 93.16 | 97.86 |
| Listing Estimate: Senores is a global research driven pharmaceutical company engaged in developing and manufacturing a wide range of pharmaceutical products predominantly for the Regulated Markets. The IPO received highly impressive subscription, however selling pressure is expected on listing. Accordingly, we anticipate bullish listing in the range of Rs.660-680 Actual listing at Rs. 600 |
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Carraro India IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 2.33 | 0.45 | 1.01 | 0.63 | 0.75 | 1.18 |
| Listing Estimate: Carraro India is a technology driven integrated supplier that develops complex engineering products and solutions for its original equipment manufacturer (“OEM”) customers. The IPO received weak subscription. Mood of selling allotted shares is expected. Accordingly, we anticipate normal listing in the range of Rs. 690-700 Actual listing at Rs. 651 |
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Transrail Lighting IPO Subscription
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 197.41 | 79.80 | 75.34 | 78.31 | 22.62 | 81.98 |
| Listing Estimate: Transrail Lighting is one of the leading Indian engineering, procurement and construction (“EPC”) companies with primary focus on power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles. The shares were offered at very reasonable valution and now it is expected to get listing in the range of Rs. 590-600 Actual listing at Rs. 590 |
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DAM Capital Advisors IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 166.33 | 102.21 | 91.00 | 98.47 | 26.80 | 81.88 |
| Listing Estimate: DAM Capital Advisors Limited is a prominent investment bank in India, offering a comprehensive range of financial services across two main segments: Investment banking and Institutional Equities. The IPO received highly impressive subscription and now the market mood suggest, the investors tend to hold the shares for longer duration. Strong buying is anticipated on listing. Accordingly, we anticipate bullish listing in the range of Rs. 440-500 Actual listing at Rs. 393 |
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Mamata Machinery IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 235.88 | 222.71 | 377.72 | 274.38 | 138.08 | 194.95 |
| Listing Estimate: Mamata Machinery manufactures and exports plastic bags and pouch making machines, packaging machines and extrusion equipment. It provides end-to-end manufacturing solutions for the packaging industry. The IPO received impressive subscription. The grey market trend suggest strong listing. We anticipate the listing to be around Rs. 500-520 Actual listing at Rs. 600 |
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Sanathan Textiles IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 79.59 | 48.47 | 36.22 | 44.39 | 9.31 | 36.90 |
| Listing Estimate: Sanathan Textiles is one of the few companies in India with presence across the polyester, cotton and technical textile sectors. In spite of good profits, the sector doesnot have much fancy and accordingly we see not-so-impressive subscriptions. Now the scrip is expected to get listed in the range of Rs. 400-415 |
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Concord Enviro Systems IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 17.32 | 14.09 | 14.41 | 14.20 | 5.56 | 10.67 |
| Listing Estimate: Concord Enviro Systems is a leading global provider of water and wastewater treatment and reuse solutions, including zero liquid discharge (“ZLD”) technology, in terms of revenue from operations, as on March 31, 2024. The IPO garnered not so impressive subscriptions. Now the scrip is expected to get listing in the range of Rs. 760-800 |
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IGL IPO Estimate
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 48.11 | 29.78 | 18.70 | 26.09 | 11.77 | 35.48 |
| Listing Estimate: International Gemmological Institute (India) Limited (IGI) is a globally renowned organization specializing in the certification and grading of diamonds, gemstones, and jewellery. The shares are expected to get listed in the range Rs. 570 to 610 Actual listing at Rs. 504.85 |
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IKS IPO Estimate
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 80.64 | 24.99 | 19.77 | 23.25 | 14.55 | 52.68 |
| Listing Estimate: Inventurus Knowledge Solutions Limited (IKS Health) is a healthcare technology company that supports healthcare enterprises by managing administrative tasks and streamlining workflows. With a workforce of over 13,528 employees, including 2,612 clinically trained professionals, IKS Health operates in the US, Canada, and Australia, supported by a consultative sales force. The shares are expected to get listed in the range Rs. 1730 to 1780 Actual listing at Rs. 1856 |
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One Mobikwik Systems IPO EStimate
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 125.82 | 109.70 | 124.71 | 114.71 | 141.79 | 125.69 |
| Estimate: One Mobikwik is a platform business at its core, that has a two-sided payments network, consisting of consumers and merchants. The offer was at price multiple of 113 times. The share is expected to be listed in the range of Rs. 440-460 Actual listing at Rs. 440 |
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Sai Life Sciences IPO Estimate
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 29.78 | 6.10 | 2.78 | 4.99 | 1.39 | 10.27 |
| Applications: 6,46,482 / (0.90x) Estimate: Sai Life Sciences is an innovator-focused, contract research, development, and manufacturing organization (“CRDMO”). The offer was at price multiple of 125 times. The share is expected to be listed in the range of Rs. 615-625 Actual listing at Rs. 650 |
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Vishal Mega Mart IPO Estimate
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 85.11 | 17.34 | 10.37 | 15.01 | 2.43 | 28.75 |
| Applications: 42,09,552 / (2.23x) Estimate: Vishal Mega Mart is a one stop destination for middle and lower-middle income India. The offer was at price multiple of 76.47 times. The share is expected to be listed in the range of Rs. 100-105 Actual listing at Rs. 104 |
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