5 very good IPOs over the next 7 days

DOMS
13-15 Dec

India shelter finance
13-15 Dec

Inox India CVA
14-18 Dec

Muthoot Microfin
18-20 Dec

Motison Jewellers
18-20 Dec

Will share a detailed review of the first 3 tomorrow

Watch this space!

Also to answer a question

It is best to apply for an IPO on the last day. It doesnt affect the probability of allotment but saves cost of funds and ensures you apply after seeing the demand.

Also, always try to apply via netbanking since UPI mandates have issues many times.

IPO Review

1. DOMS Industries Ltd.

What does the company do?
It is a stationery products company.

About the issue

Dates - closes tomorrow
Size - 1200 crore (350 crore fresh issue)
Price band - 750 to 790 per share

Retail quote is just 10%, making it a very difficult allotment

Lot sizes

Retail - 18 shares
Small HNI - 270 shares
Big HNI - 1278 shares

Allotment will happen on Monday
Listing date - 20th December

Financials
Between 2021 to 2023, revenue tripled from 409 crores to 1217 crores
Profits grew from -6 crores to 103 crores

RoE of 28.39% is really good.

Demand situation

The IPO had seen bumper subscription

Prob of allotment would be pretty low

Grey market premium is above 60%, showcasing the high demand for the issue

Conclusion - I would be applying for the issue in the bHNI category, however, if you are applying in the retail category and have limited funds, better to go for other IPOs with a much higher prob of allotment

2. India Shelter Finance

About the company
The company is in the business of giving out home loans and loans against property.

About the issue

Dates - closes tomorrow
Size - 1200 crore
Fresh issue of 800 crores

Retail quota is 35%

Lot sizes
Retail - 30 shares
Small HNI - 420 shares
Big HNI - 2040 shares

Financials
Revenue and profits have grown steadily with both almost doubling between 2021 and 2023

The company boasts of an RoE of 13.4% which is pretty decent for the category.

Demand

The latest GMP was 31%, which shows decent demand in the unlisted market

The issue has been subscribed 3.59x till now.

The probability of allotment in this is quite high, especially in the BHNI category.

Conclusion

I would be applying for the IPO

3. Inox India CVA

About the company

The company is a supplier of cyrogenic equipment. What does cyrogenic mean? I googled and found that it is a field of science that delves into the behaviour of materials at extremely low temperatures.

About the issue

Size - 1459 crores (looks like all of it is offer for sale)

Dates - closes on Monday

Retail quota is 35%

Lot sizes
Retail - 22 shares
SHNI - 308 shares
BHNI - 1518 shares

Financials

Revenue grew from 609 crores to 984 crores between 2021 to 2023. Profits grew from 96 crores to 150 crores during the same period.

Return on equity - 28%

Financials are good. Not excellent but good.

Demand

Latest GMP is 64%

On day 1, the IPO was subsctribed 2.4x till 4 PM.

Allotment probability is much higher in this than DOMS, but less than India Shelter.

Conclusion - I ll apply for this one too 😌

So it is cryogenic and not cyrogenic lol

DOMS probability of allotment (approx)

BHNI - 1/13
SHNI - 1/63
Retail - 1/69

India Shelter probability of allotment (approx)

BHNI - 1/5
SHNI - 1/28
Retail - 1/9.7

Allotment would be out by Monday and listing will happen on Wednesday

Thare seems to be a rush to get listed on the exchanges.

Before allotment for the previous ones could come, 3 more IPOs have opened up for subscription.

Muthoot Microfin

Motisons Jewellers

Suraj Estate Developers