SME RATING
Fund Manager Talk | Higher interest rates for longer periods can upset bull market: Mihir Vora
Over the short to medium term ie: next 1-2 years, the markets would focus on earnings delivery as there is limited upside from valuations. Retail investors continue to invest regularly providing long-term support to the markets. We believe that his combination of fundamentals and liquidity will anchor a bull-market in stocks.
Multibagger debut! Shivalic Power Control shares list at 211% premium over IPO price
The IPO, which was completely a fresh equity sale of 64.32 lakh shares, was subscribed over 250 times at close, driven by strong interest from retail and non-institutional investors.
Pint-sized IPOs become lottery ticket as small investors make up to 1,500% return
The frenzy around SME IPOs driven by retail investors seeking high returns raises concerns about an overheated market and potential bubbles. Despite the success stories, caution is advised as valuations may not offer sufficient margin of safety in the current environment.
Shivalic Power Control IPO booked 26x on Day 2. Check GMP and other details
Leading Shivalic Power Control, a technology-driven electric panel manufacturer with a focus on quality and design, we are witnessing strong demand for our IPO shares in the unlisted market, reflecting investor confidence in our company's growth potential.
FISME urges govt to review policies to help faltering MSMEs
The key body representing MSMEs has also sought the government’s intervention in protecting export-oriented MSMEs and tweaking trade policies to reflect the growing contribution of Asia to global GDP.
Recordent announces 100+ meets connecting 10,000 Indian SMEs across India
These events aim to serve as valuable networking platforms, enabling participants to gain insights and build connections within the industry.
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HOAC Foods shares list at 206% premium over IPO price
HOAC Foods shares listed on NSE SME platform at 206% premium over IPO price. The company handpicks raw materials for organic spices and works with Kfin Technologies. FMCG sector is growing, and GYR Capital managed the issue. The company reported revenues of Rs 11.48 crore and net profit of Rs 74 lakh.
Rulka Electricals stock debuts at 123% premium over IPO price
Rulka Electricals listed on the NSE SME platform with a 123.4% premium. The IPO of 11.23 lakh shares received a subscription of 600 times.
Stellar debut: Veritaas Advertising lists at 141% premium on NSE SME platform
Veritaas Advertising stock debuts on NSE SME platform with a 141% premium. The oversubscribed IPO will fund new police booths, Pole Kiosks, and general corporate purposes. The company offers advertising services in multiple cities and forecasts the Indian advertising market to reach Rs 1.41 lakh crore by 2028. It reported revenues of Rs 9.
Premier Roadlines shares list at 30% premium over issue price
Premier Roadlines shares list at 30% premium on the NSE SME platform, debuting at Rs 87. The oversubscribed IPO offers logistics solutions to B2B customers. Hem Securities lead managed the IPO with a focus on vehicle purchase, working capital, and general corporate purposes.
HOAC Foods IPO opens today: Check issue size, price band, GMP and other details
HOAC Foods IPO: The IPO opened today and will conclude on May 21. HOAC Foods plans to raise approximately Rs 5.5 crore through the SME IPO. The company intends to list its shares on the NSE SME platform. HOAC Foods specializes in the production of flour (chakki atta), herbs and spices, unpolished pulses, grains, and yellow mustard oil.
Rulka Electricals IPO opens today: Check issue size, price band, GMP and other details
Rulka Electricals IPO: Rulka Electricals SME IPO opened today to raise Rs 26.4 crore on NSE SME platform. India's power generation grew by 8.87% in FY23. Company specializes in turnkey projects contractors for fire fighting projects. Company's revenues for Feb 2024 were Rs 65.27 crore. GMP was Rs 65.
L&T Finance aims at 25% CAGR, retail lending in focus
L&T Finance Ltd aims for a 25% compound annual growth rate (CAGR) in the coming years, focusing on strengthening its retail lending business. The financial services arm of Larsen & Toubro plans to exit the wholesale segment entirely by 2026, becoming a 100% retail non-banking financial company (NBFC). The company introduced a new offering, 'Complete Home Loan', signaling a fresh push in its mortgage business, expected to surpass microfinance in book size.
Veritaas Advertising IPO opens today: Check issue size, price band, GMP and other details
Veritaas Advertising IPO GMP: Veritaas Advertising SME IPO opens to raise Rs 8.5 crore, offering shares at Rs 109-114. Proceeds to fund capital expenditure, lead managed by Horizon Management.
Premier Roadlines IPO: Check issue size, price band, GMP and other details
Premier Roadlines IPO: The company is targeting to raise approximately Rs 40 crore through the SME IPO and intends to list the shares on the NSE SME platform. Here are 10 essential points investors should familiarize themselves with before considering subscribing to the public offer.
Slone Infosystems shares list at 50% premium on NSE SME platform
Slone Infosystems Share Price: The IPO, comprising a fresh equity issue of 14 lakh shares, garnered an astonishing overall subscription of over 600 times at closing. This overwhelming response was fueled by robust interest from non-retail investors.
Rs 7,000 cr of exports a year: How the small town of Bhadohi in UP became a global carpet powerhouse
Bhadohi, the carpet capital of India, boasts a rich history of carpet weaving dating back to the Iranian master weavers in the 16th century. The town's success lies in its blend of traditional craftsmanship and modern technologies, offering unique handmade carpets to global markets.
Shivam Chemicals stock lists at 9% premium on BSE SME platform
The IPO, which was a fresh equity issue of 45.8 lakh shares, received a decent response from investors with an overall subscription of 6 times at close.
Faalcon Concepts IPO opens today. Check issue size, price band, GMP and other details
Faalcon Concepts SME IPO on BSE opens today aiming to raise Rs 12 crore. Shares priced at Rs 62 each. Revenue: Rs 12.46 crore; Net Profit: Rs 1.31 crore. Proceeds for capex and working capital.
Ramdevbaba Solvent IPO opens today: Check issue size, price band, GMP and other details
:Ramdevbaba Solvent's SME IPO opens today to raise Rs 50 crore through fresh equity. Price band Rs 80-85. Business involves selling physically refined rice bran oil. Subscription period until April 18.
The governance challenge: Focus on ‘G’ factor in ESG to be critical for MSMEs, says Acuité’s Sankar Chakraborti
To help MSMEs achieve better ESG ratings and secure cost-effective lending, financial transparency is critical for MSMEs, says Sankar Chakraborti, Chairman of ESGRisk.ai and Group CEO of Acuité Ratings.
ETMarkets Smart Talk: Nimesh Chandan on markets, dividend-paying stocks & why investors should exercise caution in SME space
Nimesh Chandan, CIO of Bajaj Finserv AMC, advises focusing on companies trading below their intrinsic value. He believes that India is outperforming developed and emerging markets and expects fixed-income markets to generate good returns. Chandan also sees potential in the tourism sector and warns investors to be cautious about SME IPOs.
ETMarkets Smart Talk: Ashish Gupta sees reasonable opportunities in largecap space; exercise caution when investing in SME IPO
Ashish Gupta, CIO of Axis AMC, highlights India's strong GDP growth driven by domestic factors. Cash levels in portfolios vary, but ample opportunities exist in large-cap stocks. For investors in the 30-40 age bracket, goals may include starting a family, providing for children’s education, or purchasing a home. These goals can be achieved by allocating a larger portion of the portfolio to higher-risk assets such as equities or hybrids, with a small allocation to debt to mitigate market volatility.
ETMarkets Smart Talk: FY25 Strategy! Deploy 80% of equity allocation through weekly STP over next 8-10 weeks: Kshitiz Mahajan
"Fixed income is expected to yield capital gains from rate cuts over the next 1-1.5 years, potentially offering double-digit pre-tax returns. Parking debt allocations in gilt/debt funds with a modified duration exceeding 7 years could be lucrative, providing both coupon and capital gains. This differs from fixed deposits, where gains are solely from interest income."
Deem Roll Tech shares list at 55% premium on NSE SME
Deem Roll Tech shares debut with a 55% premium on the NSE SME platform. The IPO receives strong response from investors. The net proceeds will be used for the expansion of manufacturing unit in the iron and steel rolling mill industry. The Indian steel industry offers good potential for roll manufacturers.
SME IPO market witnesses a record run in 2023
Out of the 166 SME companies listed, 136 closed higher on debut and 24 companies recorded over 99.5% gains on listing day. Goyal Salt had the highest listing day gains at 258% followed by Sungarner Energies and Basilic Fly Studio with 216% and 193.4% gains, respectively. The most visible aspect of SME IPOs was the subscription rates, said FYERS. Fifty-one companies reported a subscription rate of over 100 times while 12 witnessed subscription rates more than 300 times.
Year-ender 2023: 86% mainboard IPOs, 82% SME issues delivered listing gains this year
While a large pool of investors focused mainly on listing gains, several IPOs have given better returns ranging from 50% to 140% after the initial phase of listing. About 42 companies continue to hold or deliver better returns than their initial gains.
Does high IPO excitement mean market is about to peak out? Vikas Khemani answers
“Every company which is going public is not good. In the SME segment, we are seeing absolute crazy subscriptions for companies that have not been around for long, comparing valuation to major companies. In the main board, I am not seeing many euphoric cases yet though it might get there. I am worried about that aspect.”
Is the one time re-rating in PSU, defence, railways, banks over? Madhusudan Kela explains
“PSU stocks market cap have gone up a little more than 3x in three years. But there are individual companies, within this basket, of course, that have given 500, 800, 1000%, 1500%, 2000% returns. PSUs are clearly the leader of the market. I still feel that, PSU banks are quite compelling. I do not think they have peaked out.”
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