IPOs open for bidding right now
Shree TNB Polymers IPO review: ₹31.80 crore SME issue at ₹50 to ₹53 from a Silvassa HDPE pipe and irrigation maker. Reasonable valuation, but thin margins and low promoter holding. Subscription, GMP and our Scouter Reading.
EverestIMS Technologies IPO review: ₹48.46 crore SME issue at ₹80 to ₹85. Bengaluru IT infrastructure software maker with anchor backing, strong retail demand and a ₹40 GMP. Subscription, financials and our Scouter Reading.
Omara Ventures India IPO review: ₹41.99 crore SME issue at ₹296 to ₹311 from a Chandigarh diamond jewellery boutique. Profit jumped to ₹9.4 crore, but it is a single-store business with high debt. GMP and our Scouter Reading.
Sollfege Smart Electronics IPO review: ₹21.78 crore fixed-price SME issue at ₹55. Kolkata premium audio, video and home automation retailer. Subscribed well, but profit is flat and the P/E is 25x. GMP and our Scouter Reading.
Eventions IPO review: ₹38.12 crore SME issue at ₹112 to ₹118 from a Gurgaon corporate events and MICE company. Profit is rising, but revenue is flat and margins are thin. Subscription, GMP and our Scouter Reading.
Nityas Gems & Jewellery IPO review: ₹108 crore fresh issue at ₹70 to ₹75. Lab-grown diamond jewellery maker with profit up 5x in two years. Subscription, GMP, allotment odds and our Scouter Reading.
SJP Ultrasonics IPO review: ₹23.45 crore fixed-price SME issue at ₹67. Vasai-based maker of ultrasonic plastic welding and automation machines with 31% EBITDA margins. Subscription, GMP and our Scouter Reading.
Dove Soft IPO review: ₹73.26 crore SME issue at ₹104 to ₹111. Mumbai-based SMS, WhatsApp and voice messaging platform at about 11.6 times earnings. Subscription, GMP and our Scouter Reading.
TNA Solutions IPO review: ₹37.86 crore SME issue at ₹66 to ₹70 from an Indore home textiles maker. Revenue tripled in two years, anchors on board, but debt is high. GMP, subscription and our Scouter Reading.
Acme India Industries IPO review: ₹121.69 crore SME issue at ₹186 to ₹196. Railway coach interiors maker with an anchor book and strong QIB demand. GMP, subscription, financials and our Scouter Reading.
Paramount Syntex IPO review: ₹81.79 crore SME issue at ₹119 to ₹127 from a Ludhiana yarn maker. Profit up ten times in two years, but retail demand and GMP are weak. Subscription, financials and our Scouter Reading.
Vishal Nirmiti IPO review: ₹178 crore issue at ₹208 to ₹220 with a 70% retail quota. Subscription, GMP trend, allotment odds and our Scouter Reading.