As expected, subscriptions go through the roof.

Prob of allotment

Retail - 1/54
Small HNI - 1/144
Big HNI - 1/26

Nevermind. The next one is larger and would have a decent prob of allotment 😌😌

Jupiter Life Line Hospitals analysis will be shared tomorrow

Watch this space

Jupiter Lifeline Hospitals IPO Analysis

What does the company do?
Run hospitals in Mumbai and other parts of West India.

About the issue
The issue closes today, 8 Sept

Issue size: 869 crores, out of which 542 crores is a fresh issue

Purpose: Repayment of borrowings and general corporate purposes

Quote and lot sizes
Retail - 35% (20 shares)
Small HNI - 5% (280 shares)
Big HNI - 10% (1380 shares)

Financials

Company’s revenue grew at an impressive pace from 490 crores to over 900 crores in the past 2 years.
Profit too grew from a negative 2 crores to a positive 73 crores.

It has a return on equity of 20%, which is better than all of its peers. However, its PE ratio is also higher than all of its peers (but as I have said repeatedly, we dont care about that)

Demand in the grey market and conclusion

While IPO is great, the GMP is not super high because of the large size of the IPO. It is trading at a GMP of ~30%.

I would be applying for this IPO.

Allotment for Ratanveer is now out early. It is possible they might list on Monday itself. But I ll update once more info comes.

Link to check allotment

https://www.linkintime.co.in/IPO/public-issues.html

My non allotment streak was broken in Ratanveer. Got allotment in one account 😌

Probability of allotment

Retail - 1/7.7
SHNI - 1/25
BHNI -1/8

2 stocks get listed tomorrow

Rishabh and Ratanveer

And 4 more mainboard IPOs open this week. It is like companies rushing it to catch themselves a piece of the bull market.

Listing of Ratnaveer was a definitely below expectations. Could have been due to the flurry of IPOs opening on a single day. Could also be that the GMP was manipulated to some extent.
Nevertheless the stock did list at a ~30% gain.

EMS Ltd analysis

Crux

The demand in the grey market is strong. Though I expect the GMP to fall in the coming days given the market pullback, but the demand is strong enough for me.

I would be applying for the IPO. But I dont expect a very strong listing. Could do something similar to Ratnaveer.

Lot sizes

Retail 70 shares
Small HNI - 980 shares
Big HNI - 4760 shares

Really strong demand in EMS despite market pullback

Prob of allotment (this might change a little in the next few minutes) - approximate

Small HNI - 1/84
Big HNI - 1/16
Retail - 1/30

Jupiter Life Line allotment is now out

You may check it here

https://kcas.kfintech.com/ipostatus/