IPO share price target

This week, the primary market is quiet, with no new IPOs scheduled on either the mainboard or the SME segments. However, two companies are set for listing after four made their debut last week.

The mainboard IPO segment has no new launches this week, but the SME segment remains active. Three SME IPOs are currently ongoing, and three companies will make their market debut, following four listings last week.

This week, six new SME IPOs are set to open, while three companies will make their market debut, following four listings last week.

The mainboard IPO market will stay inactive for the fourth consecutive week. Four IPOs will open in the SME segment this week, and one is scheduled for listing, following three debuts last week.

The mainboard IPO market will remain inactive for the third straight week. Activity in the SME segment is also slowing, with only one IPO set to open next week. Three IPOs are set for listing this week, while three others made their debut last week.

SME action continues with three IPOs opening and three listings. Last week saw six IPO debuts, including two in the mainline segment.

IPO activity remains steady, with eight companies set to list this week, three opening for subscription, and six that debuted last week.

IPO NOTE

IPO NOTE

IPO NOTE

Issue Snapshot: Issue Open: Nov 02 Nov 04, 2022 Price Band: Rs. 350 368 *Issue Size: Rs 1103.99 cr (Fresh issue of 600 cr + Offer for sale of Rs 1,36,95,466 eq sh) Reservation for: QIB upto 50% eq sh Non-Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 10 Book value: Rs 171.10 (June 30, 2022) Bid size: - 40 equity shares and in multiples thereof 100% Book built Issue IPO Note-Fusion Micro Finance Limited

Issue Snapshot: Issue Open: Aug 12 Aug 18, 2022 Price Band: Rs. 209 220 *Issue Size: Rs 840.1 cr (Fresh Issue of Rs 766 cr+ offer for sale of 3,369,360 eq sh) Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail atleast 35% eq sh Face Value: Rs 10 Book value: Rs 42.36 (Mar 31, 2022) Bid size: - 68 equity shares and in multiples thereof 100% Book built Issue IPO Note - Syrma SGS Technology Limited

The company generates healthy gross margins (~72%+) with no end of season sale or discounts offered on MRP. The Indian wedding and celebration market is relatively less price-sensitive compared to casual wear It follows an asset light business model with production outsourced on a job work basis. It operates a fully integrated supply chain with high-end quality control standards in the procurement of fabric and other essential components. Also, EBOs are predominantly franchise owned, enabling the company to be asset light and achieve healthy return ratios...

IPO NOTE

IPO NOTE

Substantial experience & deep customer understanding positions the company to seize significant opportunities. According to Crisil, target addressable market, as of March 31, 2021 is ~| 0.85 trillion by revenue What should investors do? The bank turned profitable in the fourth quarter of FY20 while RoE for FY21 was at 14.6%. At the upper end of the price band, it is...

authenticity and guarantee of quality 2) wide product range offered by Nykaa as against low fill rates, stock outs and limited assortment in physical stores 3) 2mn SKU's, 3826 brands and availability in 24817 pin codes 4) consumer...

We recommend SUBSCRIBE rating on G R Infraprojects Limited (GRIL) IPO issue given a) strong pedigree management with excellent execution capabilities, b) lean balance sheet (standalone Net D/E: 0.3x), robust earnings growth (45% CAGR Over FY16-21) and c) well placed to capitalize huge opportunities in infra space (NIP of ~Rs111trn). GRIL has gradually emerged as an integrated road EPC player having successfully executed more than 100 road projects (since 2006) across 15 states with one of the fastest growth...

increasing distribution. We note that the company has improved product quality over the years and has benefitted from being contract manufacturer of Oreo biscuits for Mondelez. We believe Bread and Institutional Buns business is a silver lining given strong share and the credibility it provides to...

UTI AMC, the eighth largest AMC in India, is a dominant player in beyond T30 cities (B30) market. The growth for the company in last four years was largely driven by passive funds as it bagged chunky public investments in ETFs, pension and retirement funds. The Co witnessed steady healthy 15% QAAUM CAGR over the same period led by strong distribution franchise, sticky client base, strengths in managing retirement (2nd highest) and PMS funds. However lower yields on passive/alternate funds, higher cost structures and current pandemic led headwinds would cap near term return profile....