IPO share price target

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