February 28, 2025
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SME IPO Listing Estimates
HP Telecom India SME IPO Listing Estimates
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Closed on 24 Feb 2025 Price Rs. 108 Lot 1200 shares, Rs. 34.23 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 1.97 | 1.85 | 1.91 | 2,501 | |
| HP Telecom India Limited, originally incorporated as HP Telecom India Private Limited on March 26, 2011, initially focused solely on distributing mobile phones, accessories, and related products. The company faces strong competition from both online players and organized market players. There is no fancy in the grey market for this IPO. The IPO has received not so impressive response. The shares are expected to get listed at par or at some discount Actual Listing at: |
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Swasth Foodtech India SME IPO Listing Estimates
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Closed on 24 Feb 2025 Price Rs. 94 Lot 1200 shares, Rs. 14.92 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 2.53 | 13.12 | 7.83 | 14,662 | |
| Swasth Foodtech India Limited, established in 2021, specializes in processing rice bran oil for distribution to oil manufacturers and packers. The IPO has received not so impressive subscription, due to weak undertone of the market. The share are anticipated to get listed at par or at marginal discount to the issue price. |
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| Actual Listing at: | ||||
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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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