Aeroflex's IPO allotment is out on Linkintime.

https://linkintime.co.in/mipo/ipoallotment.html

I didnt get any.

Congratulations to all the lucky ones

Listing gains for retail and shareholders quota - 10.6k

Listing gains for HNI - a whopping 1.6 lakhs

Rishabh Instruments IPO Analysis

What does the company do?
Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering, and measurement, precision engineered products, et al. with diverse applications across industries including power, automotive, and industrial sectors. The company supplies a wide range of electrical measurement and process optimization equipment and is engaged in designing, developing manufacturing, and sale of devices significantly under their brand across several sectors.

About the issue
The issue closes today.
Issue size - 491 Crores (75 crores fresh issue, rest offer for sale)
Issue price - 418-441 per share
Retail quota - 35%
Lot sizes
Retail - 34 shares
sHNI - 476 shares
bHNI - 2278 shares

Probability of allotment in this will be fairly high given the not so great subscritpion numbers.

Financials

Revenue grew from 402 Crores to 598 crores between FY21 to FY23, at a decent CAGR of 22% p.a. However profits grew from 35 crores to 49 crores between FY21 and FY22 but remained constant at 49 Crores in FY23 despite revenue growing faster. Profit CAGR was lower at 18% p.a.

The company's RoE stands at 11.67% which is not that great either.

Demand in the grey market

The IPO has an ok-ok demand in the grey market with the latest GMP falling from 19% to 10%. Unless the market turns very bearish before listing, the stock is likely to list at a small premium. It might list at a small discount if the market turns bearish, making it a low risk low reward IPO.

I might apply for it from 1 account, but would not apply for it aggressively. Those ok with a small risk for a small reward may consider applying for it.

Also allotment for Vishnu Prakash Punglia was supposed to be out yesterday, but Linkintime is living up to its reputation once again.

Wonder how will these guys do after 1st December when allotment date will be 1 day after IPO closes. They are going to just quit their job 😅

Jupiter Life Line Hospitals have filed their Red Herring Prospectus with SEBI.

The IPO will open on 6th September.

Watch this space for more.

Vishnu will get listed tomorrow morning.

I got zero allotments in 8 big HNI applications. Lagta hai jinx hogaya.

Latest GMP of Vishnu is 54%.Congratulations and best wishes to those who got allotment 🤘

Seems like I made a mistake here. The listing is tomorrow and not today.

Ratanveer IPO opens today. Will share an analysis tonight.

Have received loads of queries regarding Basilic IPO.

It has a GMP of over 200% (batshit crazy)

But it is an SME IPO. The prob of allotment would be very very low.

No harm in applying if you are fine with blocking 1.16 lakhs for a few days. But you will have to incredibly lucky to get allotment in this. There is a higher chance of your crush having a crush on you than getting allotment in this one.

Ratanveer Precision Engineering

Opinion - I will be applying for this.

Will share a more detailed analysis by tonight.

3 good IPOs in the next few days. Startjng with Ratanveer Precision Engineering.

Closes today. Sharing a detailed analysis.

What does the company do?

Manufactures stainless steel sheets, washers, solar roofing hooks, pipes and tubes. (i love stocks that make pipes, and so does the Indian stock market)

About the issue

Size - 165 crores (sadly this is a very small IPO and hence the supply is very low, while this is good for listing gains, it is bad for allotment probability. If you have money for just 1 application, save it for the next IPO which closes on Friday).

Issue price -93 to 98 per share

Quotas and lot sizes

Retail - 35% (150 shares)
Small HNI - 5% (2100 shares)
Big HNI - 10% (10,350 shares)

Financials

Revenue grew at 15% and profit grew at 123% over the past 2 years (CAGR).
Return on equity was 29% and PE ratio is a reasonable 19x.

It has a better RoE and lower PE ratio compared to its peers which is a good thing.

Demand in the grey market is strong sith the latest GMP being around 45%

I would be applying for this IPO but I think it would be a hat trick of no allotment for me given that size is really small and already HNI applications are 35x and are likely to go 100x+ by today close