SME IPO Listing Estimates

Ganga Bath Fittings IPO Listing Estimate

(Closed on 6 June 2025)
Price Rs. 49 Lot 3000 shares, Rs. 32.65 Crore

QIB NII x RII x Total x Applications
2.22 0.73 2.55 1.64 2807
Estimate of Listing price
The IPO has received not so impressive subscription. There is no fancy in the grey market for this IPO. Considering all these aspects, the IPO is expected to get listed in the range of Rs. 45 to 52.

3B Films IPO Listing price Estimate

(Closed on 3 June 2025)

Price Rs. 50 Lot 3000 shares, Rs. 33.75 Crore

QIB NII x RII x Total x Applications
  0.85 2.75 1.80 4661

Estimate of listing price:
Incorporated in 2014 and headquartered in Vadodara, Gujarat, 3B Films Limited is a fast-growing manufacturer and supplier of Cast Polypropylene (CPP) and Cast Polyethylene (CPE) films. These high-performance films are widely used in flexible packaging and thermoforming applications, serving industries that demand innovation, clarity, and durability.
The company showed sharp rise in the profits of the year just prior to the IPO.

Looking to the subscription trend of the second day, the IPO is anticipated to garner oversubscription in the range of 3 to 3.50 times. but the actual subscription on the last day has been pathetic.
Lead manager of the IPO is Nirbhay Capital Services Pvt ltd
The IPO is expected to get listed in the range of Rs. 48 to Rs. 52.

Neptune Petrochemicals IPO Listing price Estimate

(Closed on 30 May 2025)

Price Rs. 122 Lot 1000 shares, Rs. 73.20 Crore

QIB NII x RII x Total x Applications
7.12 2.91 0.00 4.11 2564
Note:
 
The IPO received not so good response. No premium trades are seen for this IPO in the grey market. The IPO is expected to get listed in the range of Rs. 115 to 126

N R Vandana IPO Listing Price Estimate

(Closed on 30 May 2025)

Price Rs. 45 Lot 3000 shares, Rs. 27.89 Crore

QIB NII x RII x Total x Applications
36.54 126.70   101.00 33766
Note:
Amidst dull subscription atmosphere, this IPO received good subscription. The trades for allotted applications at Rs. 40000 are seen. Considering all the aspects, the scrip is expected to list at Rs. 58/60.

Blue water Logistics IPO Listing Price Estimate

(Closed on 29 May 2025)
Price Rs. 135 Lot 1000 shares, Rs. 40.50 Crore

QIB NII x RII x Total x Applications
14.04 9.87 6.55 9.36 7046
Listing Estimate
Flow of applications was very slow and unimpressive, and the subscription is not huge. The IPO does not command premium fancy in the grey market. The IPO is expected to list in the range of Rs.120 to 140.
Actual Listing @ Rs. 141

Astonea Labs IPO Listing Price Estimate

(Closed on 29 May 2025)
Price Rs. 135 Lot 1000 shares, Rs. 37.67 Crore

QIB NII x RII x Total x Applications
0.70 5.60 1.69 1.79 2,190
Listing Price Estimate:
Flow of applications was very slow and unimpressive, and the subscription is not huge. The IPO does not command premium fancy in the grey market. The IPO is expected to list in the range of Rs.120 to 140.
Actual Listing @ Rs. 137.45

Nikita Papers IPO Listing Price Estimate

(Closed on 29 May 2025)
Price Rs. 135 Lot 1000 shares, Rs. 67.54 Crore

QIB NII x RII x Total x Applications
0.74 2.11 1.84 1.43 3,519
Listing Estimate
The IPO has received not so impressive subscriptions and on the second day of subscription, Withdrawl of applications were seen in some categories. Considering these aspects, we anticipated listing at Rs. 120-134. Positive listing is not expected for this IPO.
Actual Listing @ Rs. 90


SME IPO Listing Estimates

 

Rikhav Securities IPO
(Closed on 17 Jan 2025)
Listing on 22 Jan 2025

Price Rs. 86 Lot 1600 shares, Rs. 88.82 Crore

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

Kabra Jewels IPO 
(Closed on 17 Jan 2025)
Listing on 22 Jan 2025

Price Rs. 128 Lot 1000 shares, Rs. 40.00 Crore

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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SME IPO Listing Estimates

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