January 22, 2025
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SME IPO Listing Estimates
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Rikhav Securities IPO Price Rs. 86 Lot 1600 shares, Rs. 88.82 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 170.92 | 616.42 | 251.36 | 307.00 | 8,69,941 |
| Founded in 1995, Rikhav Securities Limited is a leading financial services provider in India, specializing in brokerage, investment, and banking solutions.The listing is expected at Rs. 163.40, 90% cap over the issue price. After the listing strong rise is anticipated. | ||||
| Actual listing at Rs.163.40 | ||||
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Kabra Jewels IPO Price Rs. 128 Lot 1000 shares, Rs. 40.00 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 154.53 | 556.90 | 384.90 | 356.02 | 4,13,315 |
| Kabra Jewels Limited, established in 2010, operates in the retail jewelry sector, offering an extensive collection of gold, diamond, and silver ornaments.The listing is expected at Rs. 243.20, 90% cap over the issue price. | ||||
| Actual listing @ Rs. 243.20 | ||||
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Sat Kartar Shopping IPO Price Rs. 81 Lot 1600 shares, Rs. 33.80 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 124.75 | 808.13 | 249.17 | 332.16 | 231447 |
| Sat Kartar Shopping Limited is an Ayurveda-based healthcare company dedicated to providing natural wellness solutions through therapeutic and lifestyle products, aimed at promoting a healthier way of life. The IPO received very impressive subscriptions. Now the shares are expected to list at Rs. 111 Vs. its issue price of Rs. 80. |
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| Actual Listing @ Rs. | ||||
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Indobell Insulation IPO Price Rs. 46 Lot 3000 shares, Rs. 10.14 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 51.31 | 52.37 | 54.13 | 24,268 | |
| Founded in May 1972, Indobell Insulation Limited specializes in the manufacturing of insulation products, including nodulated and granulated wool (comprising mineral and ceramic fibre nodules) and prefabricated thermal insulation jackets. The IPO has received good response. At present the premium in the grey market is moving around Rs. 30 as compared to the issue price of Rs. 46. The listing is anticipated in the range of Rs. 72-76 |
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| Actual Listing | ||||
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Fabtech Technologies Cleanrooms IPO Price Rs. 85 Lot 1600 shares, Rs. 27.74 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 224.50 | 1485.52 | 715.05 | 740.37 | 7,56,010 |
| Founded in 2015, Fabtech Technologies Cleanrooms Limited specializes in the production of pre-engineered, prefabricated modular panels and doors for constructing cleanrooms in the pharmaceutical, healthcare, and biotech industries. Lead manager, Vivro Financial Service has excellent track record of listings. The scrip is expected to get listing at Rs. 161.50. |
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| Listing at Rs.161.50 | ||||
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Leo Dry Fruits and Spices Trading Ltd IPO Price Rs. 52 Lot 2000 shares, Rs. 25.12 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 68.06 | 394.59 | 154.50 | 181.77 | 1,96,592 |
| Established in November 2019, Leo Dryfruits & Spices Trading Limited is a manufacturer and trader of a wide range of spices, dry fruits, and frozen and semi-fried products. In our IPO review, we indicated “So the IPO from the angle of company’s business is not attractive, however considering lead manager’s success ratio, you may apply in this IPO.” The lead manager is Share India Capital Service. The premium rate in the grey market has declined to Rs. 16 from Rs. 20 at the time of IPO closing. The listing is anticipated at Rs. 54-57 |
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| Actual Listing at Rs. 68 | ||||
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Technichem Organics IPO IPO Price Rs. 55 Lot 2000 shares, Rs. 25.25 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 101.49 | 1,078.90 | 329.43 | 425.09 | 3,08,773 |
| The Company is mainly engaged in the business of manufacturing of a wide range of chemicals, Pyrazoles, Pyrazolones, Speciality Chemicals, Pigment & Dye Intermediates and Air Oxidation Chemistry that serves multiple industries, including pharmaceuticals, agriculture, coatings, pigments, dyes and others. Rs. 25.25 crore IPO has garnered 425.09 times subscription, with HNI portion being oversubscribed by 1078.90 times. The premium in the grey market is being quoted at Rs. 15 prior to the listing. Shreni Shares ltd is the lead manager to this IPO. Though the mood of the market at the time of this listing is anticipated to be bearish, the IPO is expected to get listed at Rs. 75. |
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| Actual listing at Rs.57.25 | ||||
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Citichem India IPO Price Rs. 70 Lot 2000 shares, Rs. 12.60 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 277.28 | 543.18 | 414.35 | 3,06,306 | |
| Citichem India is engaged in the trading of organic and inorganic chemicals, bulk drugs, and, food chemicals to pharmaceutical industry. In spite of not so attracitve fundamentals, the IPO has received impressive subscriptions because of somewhat grey market fancy. The market mood at the time of listing is expected to be bullish and it will have some positive impact on the listing price. The shares are expected to get listed in the range of Rs. 82-85 |
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| Actual listing at Rs.70 | ||||
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Anya Polytech IPO Price Rs. 14 Lot 10000 shares, Rs. 44.80 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 150.80 | 1100.39 | 321.53 | 439.80 | 3,80,007 |
| Estimate: Founded in 2011, Anya Polytech & Fertilizers Limited specializes in the manufacturing of fertilizers, bags, and the provision of environmental solutions. The company produces high-quality High-Density Polyethylene (HDPE) and Polypropylene (PP) bags, as well as Zinc Sulphate fertilizers. Because of grey market fancy, the IPO has received impressive subscriptions. Now the listing is anticipated in the range of 19-21 |
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| Actual listing at Rs. 17.20 | ||||
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Newmalayalam Steel IPO Price Rs. 90 Lot 1600 shares, Rs. 41.76 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 1.26 | 24.63 | 87.70 | 50.69 | 1,17,354 |
| Estimate: The Company is engaged in the business of manufacturing galvanised pipes, tubes, and sheets. It has been able to create a brand presence in Kerala, under the name of ‘Demac Steel’ In spite of large number of IPOs open along with this IPO, it garnered good subscription and now the shares are expected to get listed at Rs. 115-120 |
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| Actual listing at | ||||
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Identical Brains Studios Limited IPO Price Rs. 54 Lot 2000 shares, Rs. 19.95 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 187.36 | 1,020.20 | 544.28 | 544.28 | 3,55,416 |
| Estimate: Identical Brains Studios Limited is a leading provider of high-quality computer-generated visual effects (VFX) services. Specializing in enhancing the visual storytelling of films, web series, TV series, documentaries, and commercials, the company is dedicated to delivering exceptional VFX that captivate audiences and elevate content. Ahead of its listing, the IPO commands premium of Rs. 40 Vs. issue price of Rs.54. This is quite impressive. The market mood at the listing time is anticipated to be ullish and it may impact the listing price to some extent. The lead manager: Socradamus Capital Private Limited has limited track record. The IPO is expected to be listed between Rs.102.60 |
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| Actual listing at Rs. 95 | ||||
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NACDAC Infrastructure IPO Price Rs. 35 Lot 4000 shares, Rs. 10.01 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 236.39 | 4084.36 | 2503.68 | 2209.74 | 7,56,681 |
| Estimate: NACDAC Infrastructure Limited is a construction company specializing in the development of multi-story buildings, as well as residential, commercial, and institutional structures. The company holds Class A contractor registration with Uttarakhand Peyjal Sansadhan Vikas Evum Nirman Nigam and is ISO certified. Ahead of its listing, the IPO commands premium of Rs. 50 Vs. issue price of Rs.35. This is quite impressive. The market mood at the listing time is anticipated to be bearish and it may impact the listing price to some extent. The lead manager: GYR Capital advisors has impressive track record. The IPO is expected to be listed between Rs.66.50 |
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| Actual listing at Rs. 66.50 | ||||
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Hamps Bio IPO Price Rs. 51 Lot 2000 shares, Rs. 6.22 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 758.27 | 1342.04 | 1057.00 | 6,65,592 | |
| Amount wise bids recd. Rs. ? Crore | ||||
| Estimate: Hamps Bio Limited, established in 2007, specializes in the marketing and distribution of a wide range of pharmaceutical products. Ahead of its listing, the IPO commands premium of Rs. 55 Vs. issue price of Rs.51. This is quite impressive. The market mood at the listing time is anticipated to be bearish and it may impact the listing price to some extent. The lead manager: Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. has not large track record. The IPO is expected to be listed between Rs.96.90 Actual listing at Rs. 96.90 |
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Yash Highvoltage Limited IPO Price Rs. 146 Lot 1000 shares, Rs. 110.01 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 123.70 | 330.03 | 151.52 | 181.82 | 4,01,296 |
| Amount wise bids recd. Rs. ? Crore | ||||
| Estimate: Yash Highvoltage Limited specializes in the manufacturing and distribution of a wide variety of transformer bushings. Ahead of its listing, the IPO commands premium of Rs. 135 Vs. issue price of Rs. 146. This is quite impressive. The market mood at the listing time is anticipated to be bearish and it may impact the listing price to some extent. The lead manager: Expert Global Consultant has impressive track record of listings, The IPO is expected to be listed between Rs.277.40 |
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Supreme Facility Management IPO Price Rs. 76 Lot 1600 shares, Rs. 50.00 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 8.24 | 15.70 | 42.50 | 27.01 | 81,914 |
| Amount wise bids recd. Rs. ? Crore | ||||
| Estimate: Purple United has 17 exclusive stores (EBOs) across five states and 10 cities. Ahead of its listing, the IPO commands premium of Rs. 24 Vs. issue price of Rs. 76. This is not so impressive. The market mood at the listing time is anticipated to be bearish and it will also impact the listing price. The lead manager: Khandwala Securities has impressive track record of listings, The IPO is expected to be listed between Rs.100-104 Actual listing also at Rs. 75 |
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Purple United Sales IPO Price Rs. 126 Lot 1000 shares, Rs. 32.81 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 86.30 | 269.70 | 155.29 | 160.08 | 1,42,578 |
| Amount wise bids recd. Rs. ? Crore | ||||
| Estimate: Purple United has 17 exclusive stores (EBOs) across five states and 10 cities. Ahead of its listing, the IPO commands premium of Rs. 80 Vs. issue price of Rs. 126. This is quite impressive. The market mood at the listing time is anticipated to be marginally bearish and it will also impact the listing price. The lead manager: Expert Global Consultant has mixed track record of listings, The IPO is expected to be listed at Rs. 190 Actual listing also at Rs. 199 |
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Jungle Camps India IPO Price Rs. 72 Lot 1600 shares, Rs. 29.42 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 196.52 | 760.48 | 551.20 | 494.58 | 5,34,050 |
| Amount wise bids recd. Rs. ? Crore | ||||
| Estimate: The company has flourishing business. Ahead of its listing, the IPO commands premium of Rs. 60 Vs. issue price of Rs. 72. This is quite impressive. The market mood today at the listing time is anticipated to be marginally bearish and it will also impact the listing price. The lead manager: Khambatta Securities has impressive track record of listings and We believe this IPO will be added to its success ratio. The IPO is expected to be listed at Rs. 136.80 (@90% listing cap) Actual listing also at Rs. 136.80 |
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Toss The Coin IPO Price Rs. 182 Lot 600 shares, Rs. 9.17 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 147.69 | 964.18 | 1550.76 | 1025.76 | 4,98,397 (?) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Estimate: The company has exhibited strong profitability during last 3 years prior to the IPO. Ahead of its listing, the IPO commands premium of Rs. 215 Vs. issue price of Rs. 182. This is quite impressive. The market mood today at the listing time is anticipated to be marginally bearish and it will also impact the listing price. The lead manager: Beeline Capital Advisors has impressive track record of listings and We believe this IPO will be added to its success ratio. The IPO is expected to be listed at Rs. 345.80 (@90% listing cap) Actual listing also at Rs. 345.80 |
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Dhanlaxmi Crop Science IPO Price Rs. 55 Lot 2000 shares, Rs. 22.60 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 197.65 | 1241.27 | 441.18 | 555.83 | 3,63,308 (477.41x) |
| The IPO has garnered amount wise bids of Rs. 12561.76 crore. | ||||
| Estimate: Ahead of the listing, the IPO commands premium of Rs. 50 Vs. issue price of Rs. 55. This is quite impressive. The market mood today at the listing time is anticipated to be bullish and it will also impact the listing price. Moreover, the lead manager: Finshore Managment Services has impressive trackrecord of listings and We believe this IPO will be added to its success ratio. The IPO is expected to be listed at Rs. 104.50 (@90% listing cap) Actual listing also at Rs. 104.50 |
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