IPO share price target

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...