Category: India IPO Reviews and Updates

A2Z Maintenance & Engineering Services Ltd. (AMESL) is catering to the Indian infrastructure space with diversified business model focusing on growth areas of power, municipal waste management and varied range of services.

A2Z intends to use the proceeds of the IPO for Investment in three biomass (bagasse)-based power cogeneration projects of 15 MW each in the State of Punjab, Investment in various subsidiaries, repayment of loans and working capital requirements.

The Company’s near term revenue visibility is supported by good order book of [Rs 1200 Cr] its EPC business (more…)

I have read lot of reviews on MOIL. However, the first and foremost is the basic industry in which MOIL operates. It is Manganese and the scope of this is not as huge as Iron Ore and is very small. However, MOIL has a 45% market share in India.

MOIL is a Debt Free company with Rs 105 Cash / Share on its balance sheet. The financials of  MOIL are discussed here. I would like to make some guesstimates on the subscription taking (more…)

Prestige is one of the leading real estate development companies in Bangalore[75%] and Chennai [15%] with portfolio ranging from residential, commercial, hospitality and retail segments of the real estate industry.

The Prestige Group plans to issue fresh shares to the tune of 6.6–7 crore and raise Rs 1,200 Cr. Now without wasting each others time lets directly come to understand if it is worth investment.

Management – All in the Razack family [ So are many Indian Businesses, but we disapprove]

Quality of Work and Consumer Demand – Was of Very good Quality until (more…)

Analyzing the Performance of PSU stocks on listing (28 companies) , the returns look reasonably good. 17 Companies have offered >10% returns, 10 companies >20% returns and only 2 companies have seen erosion between 0-8%.

It is worth noticing, that although returns have not been exorbitant, a majority of offering have provided over 10% listing gains (17 out of 26 companies) with 10 companies managing over 20% listing gains which are not mediocre by any means.

It is important to notice that of the 3 companies with negative returns as on today; all of the 3 companies have tapped the market (more…)

Let me quench our faithful readers thirst first – Yes! undoubtedly all the IPOs are fully priced on the basis of fundamentals. However, don’t be under the impression that there is very little left little on the table for investors wanting to make a quick buck on listing, you still can, look at the Grey Market Premiums – Safest Way is to SELL your application in Grey Market.

Now have you ever wondered why the 15 year High Rush to raise funds ? We should be thankful to SEBI. I had written in the past on (more…)

A total of 27 companies which were listed during the period have been examined. During this period ~INR 24832 crores has been raised from the primary market. Taking over-subscription into consideration around ~INR 1, 54,449 has been applied for these IPO’s.

On an average these IPO’s were over-subscribed 6.2x while if we remove NMDC (which was the biggest IPO at INR 9966 crores and was oversubscribed only 1X) from the over-subscription list, the over-subscription would go up to 9.5x. (more…)