Issue Details

Quicktouch Technologies IPO Review | This is an SME IPO of 1,530,000 equity shares of a face value of ₹10 aggregating up to ₹9.33 Crores. The issue is priced at ₹61 per share.

A retail-individual investor can apply for up to 1 lots (2000 shares or ₹122,000). And HNI (Min) is 2 lots of 4,000  shares at the price of ₹244,000

The IPO opens on Apr 18, 2023, and closes on Apr 21, 2023. and the listing date is on May 2, 2023

The Company  Pre Issue Share Holding is 89.41% and Post Issue Share Holding is 65.72%.

Quicktouch Technologies Limited Background

Quicktouch Technologies IPO | Incorporated in 2013, Quicktouch Technologies Limited is an information technology company. The company does Software IT solutions and Consulting Services, IT Product/Software Development, Software Commercial Training, and Web design.

Quicktouch Technologies Limited’s Web design services include designing and re-designing websites, making iOS, Android, and mobile apps, doing digital marketing, and hosting websites.

Enterprise Resource Planning is what the company does for a living (ERP).

Quicktouch Technologies Limited helps businesses run smoothly and well by using its industry-wide experience, deep technology expertise, comprehensive services portfolio, and strong business model.

With years of experience, processes, and infrastructure in the field. The entity is expanding its range of services to meet the needs of different business sectors.

Quicktouch Technologies Limited Financial Details

Talking about the financials the company has posted a turnover of ₹2.66 Cr with a net profit of ₹0.23 Cr in FY20. ₹7.28 Cr. with a net profit of ₹0.53 Cr. in FY21 and ₹25.53 Cr. with a net profit of ₹2.21 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹13.14 for the last 3 years.

Summary of Financial Statement

Profit & Loss Account

EPS (Earning Per Share)

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Comparison with Industry Peers

Conclusion

The company operates in a highly competitive and fragmented market with numerous large competitors. The unexpected increase in its 7M FY23 net income raises eyebrows and sustainability concerns for the future. Based on such extraordinary earnings, the issue appears to be attractively valued, whereas based on its past performance, it appears to be fairly priced. Small equity capital after an IPO indicates a prolonged gestation period for mainboard migration. Those who are well-informed and risk-takers may contemplate investing for medium- to long-term returns.

Read Full IPO Details Here – Quicktouch Technologies IPO Details

Issue Details

A G Universal IPO Review | This is an SME IPO of 1,454,000 equity shares of a face value of ₹10 aggregating up to ₹8.72 Crores. The issue is priced at ₹60 per share.

A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000). And HNI (Min) is 2 lot of 4,000  shares at the price of ₹240,000

The IPO opens on Apr 11, 2023, and closes on Apr 13, 2023. And the listing date is on Apr 24, 2023.

The Company  Pre Issue Share Holding is 95.53%.

Company Background

A G Universal IPO | Incorporated in 2008, A G Universal Limited operates as a supplier of industrial MS Tubes, GI Pipes, and Hollow Sections.

The company makes Stainless Steel Pipes, Mild Steel Pipes, ERW Black Pipes, GI Pipes, Hollow Sections, uPVC Pipes, cPVC Pipes, TMT Bars, Wire Rods, MS Wire, CR Coils, and HR Coils.

Surya Roshni Limited, Jindal Supreme (India) Private Limited, Swastik Pipe Limited, Ravindra Tubes Private Limited, SKS Ispat & Power Ltd, and other companies are among A G Universal’s customers.

The company started out as Akshata Polymers Private Limited, which was a polymers (made from oil) business. For its business with petroleum products (polymers, FO, and oils) and imports of polymer products from Korea, China, Saudi Arabia, and other places, the company has made dealership deals with many companies, such as Reliance Industries Ltd.

Company Financial Details

Talking about the financials the company has posted a turnover of ₹20.08 Cr with a net profit of ₹0.05 Cr in FY20. ₹38.64 Cr. with a net profit of ₹0.15 Cr. in FY21 and ₹70.74 Cr. with a net profit of ₹0.71 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹8.06 for the last 3 years.

Summary of Financial Statement

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EPS (Earning Per Share)

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Comparison with Industry Peers

Conclusion

The Company the firm serves is extremely cutthroat and fragmented. The unexpected improvement in its bottom line for the eighth month of fiscal year 23 raises questions about the company’s long-term viability. The issue appears excessively priced both in light of its projected earnings and its historical performance. A small amount of equity capital after an IPO suggests a more protracted time to transition to the mainboard. If the offer document lacks transparency on this costly issue, there is no harm in passing.

Read Full IPO Details – A G Universal IPO

Issue Details

Sancode Technologies IPO Review | This is an SME IPO of 1,095,000 equity shares of the face value of ₹10 aggregating up to ₹5.15 Crores. The issue is priced at ₹47 per share.

A retail-individual investor can apply for up to 1 lots (3000 shares or ₹141,000). And HNI (Min) is 2 lot of 6,000 shares at the price of ₹282,000

The IPO opens on Mar 31, 2023, and closes on Apr 6, 2023. and the listing date is on Apr 18, 2023

The Company  Pre Issue Share Holding is 97.47%.

Sancode Technologies IPO Background Details

Sancode Technologies IPO | Incorporated in 2016, Sancode Technologies Limited develops API-based software platforms and solutions.

The company gives clients easy-to-implement pre-built business logic and solution workflows for digital transformation, workflow automation, artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), data analytics, metaverse, web3 applications, and system integration.

Sancode Technologies takes on offshore software development projects, digital transformation, cloud migration, advance analytics, Robotic process automation, machine learning, and AI projects, including those in emerging niche segments like Internet and Intranet website applications, enterprise solutions software, resource planning, e-commerce, value-added products, and other business applications for companies all over the world.

The company’s customer base sits majorly in the United States of America which includes clients from manufacturing, FMCG, banks and financial institutions, retail, and real estate.

Company Financial Details

Talking about the financials the company has posted a turnover of ₹0.43 Cr with a net loss of ₹-1.46 Cr in FY20. ₹1.60 Cr. with a net loss of ₹0.26 Cr. in FY21 and ₹2.46 Cr. with a net profit of ₹0.75 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹5.13 for the last 3 years.

Summary of Financial Statement

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Conclusion

The company works in a market segment with a lot of big players and a lot of competition. The sudden increase in its bottom line for the first half of FY23 raises questions about its future viability. Based on such great earnings, the stock seems to be priced right, but based on its past performance, it seems to be priced too high. Small equity capital after an IPO means that moving to the mainboard will take longer. There’s no reason to buy this expensive magazine.

Read Full IPO Details – Sancode Technologies IPO

Issue Details

MOS Utility IPO Review | This is an SME IPO of 6,574,400 equity shares of the face value of ₹10 aggregating up to ₹49.97 Crores. The issue is priced at ₹72 to ₹76 per share.

A retail-individual investor can apply for up to 1 lots (1600 shares or ₹121,600). And HNI (Min) is 2 lot of 3,200 shares at the price of ₹243,200

The IPO opens on Mar 31, 2023, and closes on Apr 6, 2023. and listing date is on Apr 18, 2023.

The Company  Pre Issue Share Holding is 82.91%.

MOS Utility IPO Background Details

MOS Utility IPO | Incorporated in 2009, MOS Utility Limited provides digital products and services in the B2C, B2B, and financial technology fields through an integrated business model.

The company provides business opportunities for shopkeepers, retailers, students, housewives, professionals, and insurance agents to start their own online e-commerce business to promote the government’s “Vocal for Local” campaign.

MOS Utility has seven primary business segments, namely: banking, travel, insurance, utility services, entertainment services, franchisee, and other services.

The company combines over 1,68,018 network partners including agents, distributors, and master distributors for payment solutions, remittance, utility, travel, and insurance products, etc throughout PAN India with a digital online platform.

Company Financial Details

Talking about the financials the company has posted a turnover of ₹91.56 Cr with a net profit of ₹1.29 Cr in FY20. ₹67.92 Cr. with a net profit of ₹0.85 Cr. in FY21 and ₹80.96 Cr. with a net profit of ₹1.58 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹0.64 for the last 3 years.

Summary of Financial Statement

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Comparison with Industry Peers

Conclusion

The business of the company is to sell digital products and services that are based on technology. So far, its financial reports have been about average. Based on its recent earnings, the stock seems to be priced at its fair value, taking into account the near-term positives. Those who are well-informed and have extra cash may want to park their money for the medium to long term.

Read Full IPO Details – MOS Utility IPO

Issue Details

Sotac Pharmaceuticals IPO Review | This is an SME IPO of 3,000,000 equity shares of the face value of ₹10 aggregating up to ₹33.30 Crores. The issue is priced at ₹105 to ₹111 per share.

A retail-individual investor can apply for up to 1 lots (1200 shares or ₹133,200). And HNI (Min) is 2 lot of 2,400  shares at the price of ₹266,400

The IPO opens on Mar 29, 2023, and closes on Apr 3, 2023. and the listing date is on Apr 13, 2023

Company Background

Sotac Pharmaceuticals IPO | Incorporated in 2015, Sotac Pharmaceuticals Limited is a part of the SOTAC group, based in Gujarat. The company is in the business of manufacturing pharmaceutical products for different marketers on a loan license or contract manufacturing basis. The company’s business is majorly on principle to principle basis with different marketers.

SOTAC is serving over 162 corporate clients on a loan license and/or contract manufacturing basis. With their vast experience in the pharmaceutical segment, the company is growing and enlarging its scale of operations every year.

Sotac Pharmaceuticals established its manufacturing facility in the year 2017. In the year, the company’s manufacturing facility was installed with the capacity to manufacture 90 Crore tables/year, and 14 Crore Capsules/year.

With a combined experience of over 59 years in the pharmaceutical manufacturing Industry of the Promoters, the company is blooming and expanding in various horizons.

Company Financial Details

Talking about the financials the company has posted a turnover of ₹28.83 Cr with a net profit of ₹0.08 Cr in FY20. ₹48.95 Cr. with a net loss of ₹2.37 Cr. in FY21 and ₹73.37 Cr. with a net profit of ₹2.88 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹2.32 for the last 3 years.

Summary of Financial Statement

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Comparison with Industry Peers

Conclusion

The bottom line for this pharma/healthcare company has been all over the place for the given time periods. Based on the annualized earnings for FY23, the price of the issue seems way too high. It works in a segment that is very competitive and has a lot of different companies. SPL’s debt is also higher, which is a cause for concern. There’s no reason to make this expensive bet.

Read Full IPO Details – Sotac Pharmaceuticals IPO

Issue Details

Infinium Pharmachem IPO Review | This is an SME IPO of 1,875,000 equity shares of a face value of ₹10 aggregating up to ₹25.31 Crores. The issue is priced at ₹135 per share.

A retail-individual investor can apply for up to 1 lots (1000 shares or ₹135,000). And HNI (Min) is 2 lot of 2,000  shares at the price of ₹270,000

The IPO opens on Mar 31, 2023, and closes on Apr 5, 2023. and the listing date is on Apr 17, 2023

The Company  Pre Issue Share Holding is 100%.

Company Background

Infinium Pharmachem IPO | Incorporated in 2003, Infinium Pharmachem Limited manufactures & supplies Iodine Derivatives, APIs, and Iodination reaction-based bulk drugs.

Research and development services, as well as manufacturing and packaging on a commercial scale, are provided by the company to the pharmaceutical, agrochemical, nutraceutical, specialty chemical, and other chemical industries.

Infinium Pharmachem’s manufacturing plant is located in Gujarat – INDIA, which spans across 4100 Sq. Mtr. Plot area. The facility is FDA certified & GMP compliant with capabilities of producing complex Iodine Derivatives. 

The company serves to over 15+ countries across the globe and has over 200+ Iodine Derivatives and 7+ APIs.

Company Financial Details

Talking about the financials the company has posted a turnover of ₹39.41 Cr with a net profit of ₹0.93 Cr in FY20. ₹71.15 Cr. with a net profit of ₹2.72 Cr. in FY21 and ₹100.05 Cr. with a net profit of ₹6.11 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹37.65 for the last 3 years.

Summary of Financial Statement

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Comparison with Industry Peers

Conclusion

IPL is in the pharma and healthcare sector, and both its top and bottom lines have grown for the periods reported. Super earnings for the first half of FY23 make people take notice and worry about how long these kinds of margins can last. Investors who know what they’re doing can put money away for medium- to long-term gains.

Read Full IPO Details – Infinium Pharmachem IPO

Issue Details

Maiden Forgings IPO Review | This is an SME IPO of 3,784,000 equity shares of the face value of ₹10 aggregating up to ₹23.84 Crores. The issue is priced at ₹60 to ₹63 per share.

A retail-individual investor can apply for up to 1 lots (2000 shares or ₹126,000). And HNI (Min) is 2 lot of 4,000  shares at the price of ₹252,000

The IPO opens on Mar 23, 2023, and closes on Mar 27, 2023 and listing date is on Apr 6, 2023

The Company  Pre Issue Share Holding is 100%.

Company Background

Maiden Forgings IPO | Incorporated in 2005, Maiden Forgings Limited is engaged in manufacturing and selling ferrous metal products. The company manufactures steel bright bars, wires, profiles, collated pneumatic nails, and ground bars.

The company has three manufacturing plants, all located in Ghaziabad, Uttar Pradesh, India. The combined aggregated manufacturing capacity of these plants is 50,000 tons per annum.

Maiden Forgings has around 450+ B2B customers across the globe. The company sells its products from Original Equipment Manufacturers (OEM) to large manufacturing companies in different industry domains like Prestige TTK, Everest, UM Auto, etc. 

Company Financial Details

Talking about the financials the company has posted a turnover of ₹204.40 Cr with a net profit of ₹1.66 Cr in FY20. ₹199.37 Cr. with a net profit of ₹1.68 Cr. in FY21 and ₹210.84 Cr. with a net profit of ₹2.14 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹23.90 for the last 3 years.

Summary of Financial Statement

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Comparison with Industry Peers

Conclusion

MFL has a very small amount of forgery going on. It is currently in the business of selling products made from iron or steel. MFL has added high-margin products like carbon steel and alloy to its product line. It is increasing the amount of these high-margin products it can make. But based on annualized earnings for FY23, the issue seems to be fully priced, taking into account all near-term positives. Investors who are well-informed and have extra cash can park their money for long-term gains.

Read Full IPO Details Here – Maiden Forgings IPO

Issue Details

Dev Labtech Venture IPO Review | This is an SME IPO of 2,200,000 equity shares of a face value of ₹10 aggregating up to ₹11.22 Crores. The issue is priced at ₹51 per share. 

A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000). And HNI (Min) is 2 lot of 4,000  shares at the price of ₹204,000

The IPO opens on Mar 17, 2023, and closes on Mar 21, 2023, and the listing date is on Mar 29, 2023.

The Company  Pre Issue Share Holding is 92.66% and Post Issue Share Holding is 68.01%.

Company Background

Dev Labtech Venture IPO | Incorporated in 1993, Dev Labtech Venture Limited is a Premier Lab Grown Diamond & Jewellery Manufacturer. The company’s registered office is situated in Bhavnagar, Gujarat and it also operates through its sales offices.

Dev Labtech has recently started the manufacturing of lab-grown diamonds, earlier to this, the entity was engaged in the processing of natural diamonds only. The company has developed expert skills over the years in mapping, designing, cutting, and polishing with innovation & extracting optimum output with less wastage while transforming rough to natural polish diamonds.

Dev Labtech Venture Limited has an in-house technical & Design team to make Laboratory grown diamonds. The company has placed the highest quality checks at every level of the manufacturing processes to ensure the superiority of its products.

The company is striving to expand its product line and offer complementary products to enhance its product portfolio.

Company Financial Details

Talking about the financials of the company has posted a turnover of ₹11.79 Cr with a net profit of ₹0.004 Cr in FY20. ₹12.28 Cr. with a net profit of ₹0.03 Cr. in FY21 and ₹26.98 Cr. with a net profit of ₹0.43 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹0.44for the last 3 years.

Summary of Financial Statement

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Conclusion

DLVL used to make and sell natural diamonds, but it has recently started to use MPCVD technology to make diamonds in a lab. Its PAT margins have grown since it started doing different things, and the company’s management is confident that this will continue in the coming years as more MPCVD machines are added. Based on the earnings for FY23, the issue seems to be priced too high. Others can ignore parking funds, but those who are well-informed, have extra cash, or like taking risks may want to do it.

Read Full IPO Details Here – Dev Labtech Venture IPO

Issue Details

Command Polymers IPO Review | This is an SME IPO of 2,532,000 equity shares of a face value of ₹10 aggregating up to ₹7.09 Crores. The issue is priced at ₹28 per share.

A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000). and And HNI (Min) is 2 lot of 8,000 shares at the price of  ₹224,000

The IPO opens on Mar 17, 2023, and closes on Mar 21, 2023. And the listing date is on Mar 29,

The Company  Pre Issue Share Holding is 52.60% and Post Issue Share Holding is 38.39%.

Company Background

Command Polymers IPO | Incorporated in 1998, Command Polymers Limited is in the business of Marketing and Manufacturing Polymer-based products. These products include Polythene LF tubes, Tarpaulin sheets, Polyester Fabrics, and other polymers.

The products of Command Polymers have a wide variety of applications in industries like Industrial packaging industries, Food industry, etc. With its versatility and scale, the company is able to serve multiple types of industries and its scope is continuously growing.

The company primarily engages in manufacturing and trading. Its revenue is generated in the proportion of 67% and 33% from these activities, respectively.

The manufacturing facility of Command Polymers Limited is situated in District 24 Parganas (South). The facility is well-equipped with all the necessary machinery. And tools required for an efficient and smooth manufacturing process and easy logistics.

Company Financial Details

Talking about the financials of the company to the company has posted a turnover of ₹10.90 Cr with a net profit of 0.09 Cr in FY20, ₹16.37 Cr. with a net profit of ₹0.19 Cr. in FY21, and ₹19.48 Cr. with a net profit of ₹0.3 Cr. in FY22.

Talking about the EPS of the company. The company has posted a weighted average EPS of ₹0.34 for the last 3 fiscal years.

Summary of Financial Statement

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EPS (Earning Per Shares)

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Listed Peers

Conclusion

The company is operating in a highly competitive and fragmented segment. It has posted an average financial performance so far. Based on its FY23 annualized earnings, the issue is priced exorbitantly. There is no harm in skipping this pricey bet.

Read Full IPO Details Here – Command Polymers IPO

Issue Details

Bright Outdoor Media IPO Review | This is an SME IPO of 3,800,000 equity shares of a face value of ₹10 aggregating up to ₹55.48 Crores. The issue is priced at ₹146 per share. 

 A retail-individual investor can apply for up to 1 lots (1000 shares or ₹146,000). ). And HNI (Min) is 2 lot of 2,000 shares at the price of ₹292,000

The IPO opens on Mar 14, 2023, and closes on Mar 17, 2023.and listing date is on Mar 27, 2023

The Company  Pre Issue Share Holding is 99.99% and Post Issue Share Holding 72.72%

Company Background

Bright Outdoor Media IPO | Incorporated in 2005, Bright Outdoor Media Limited is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services.

The company’s array of service hoardings includes Transfer stickers, Railway boards, Railway panels, Promos, full train, Bus panels, Full Bus painting, Toll Naka, Mobile sign trucks, Kiosks, Traffic Booths, Cinema slides, Gantry and Vinyl.

Alongside Out-of-Home (OOH) Advertising and offering novel communication services to clients, the company also engages in offering services assuring multicultural and ethnic Outdoor Advertising campaigns that engage audiences and achieve impact, for every creative need, idea, and budget.

Company Financial Details

Talking about the financials of the company has posted a turnover of ₹71.51 Cr with a net profit of ₹1.71 Cr in FY20. ₹24.95 Cr. with a net profit of ₹1.08 Cr. in FY21 and ₹50.89 Cr. with a net profit of ₹2.59 Cr. in FY22.

Talking about the EPS of the company, the company has posted a weighted average EPS of ₹1.92 for the last 3 years.

Summary of Financial Statement

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EPS (Earning Per Shares)

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Conclusion

BOML is in the business of advertising in OOH and other ways. After doing okay up until FY22, it made more money in the first half of FY23, which makes people curious and worried about its future. Based on the huge profits of FY23, the price of the issue is very low. There’s no harm in passing on this expensive “High-Risk/Low-Return” bet.

Read Full IPO Detail Here – Bright Outdoor Media IPO