IPO Listings & Details
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📌 Upcoming IPOs
This week's upcoming IPOs: HP Telecom India Ltd IPO, Beezaasan Explotech Ltd IPO.
🏦 Mainline IPO - Quality Power Electrical Equipments Ltd
| Open Date | 14 Feb, 2025 |
| Close Date | 18 Feb, 2025 |
| Issue Price | ₹ 401 - ₹ 425 |
| Lot Size | 26 |
| Issue Size | ₹ 858.70 Cr |
| Times Subscribed | 0.62x |
Subscription Status
| Category | Subscription Times |
|---|---|
| Qualified Institutional Buyers | 0.54x |
| Retail Individual Investor | 0.57x |
| Non-Institutional Investor | 0.82x |
| Others | 0x |
| Total | 0.62x |
📢 SME IPO - LK Mehta Polymers Ltd
| Open Date | 13 Feb, 2025 | ||||||||||||||||||||||||||||||||||||
| Close Date | 17 Feb, 2025 | ||||||||||||||||||||||||||||||||||||
| Issue Price | ₹ 71 | ||||||||||||||||||||||||||||||||||||
| Lot Size | 1600 | ||||||||||||||||||||||||||||||||||||
| Issue Size | ₹ 7.38 Cr | ||||||||||||||||||||||||||||||||||||
| Times Subscribed | 8.86x |
| Category | Subscription Times |
|---|---|
| Qualified Institutional Buyers (QIB) | 0x |
| Retail Individual Investors (RII) | 12.56x |
| Non-Institutional Investors (NII) | 5.54x |
| Others | 0x |
| Total Subscription | 8.86x |
Important Dates
| Basis of Allotment | 18 Feb, 2025 |
| Initiation of Refunds | 19 Feb, 2025 |
| Credit of Shares to Demat | 20 Feb, 2025 |
| IPO Listing Date | 21 Feb, 2025 |
Financial Overview
| Financial Year | Revenue (₹ Cr) | Net Profit (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|
| FY 2022 | ₹12 Cr | ₹0.04 Cr | ₹2.17 Cr |
| FY 2023 | ₹17 Cr | -₹0.01 Cr | ₹2.17 Cr |
| FY 2024 (9M) | ₹12 Cr (Projected ₹16 Cr) | ₹0.42 Cr (Projected ₹0.56 Cr) | ₹3.7 Cr |
IPO Review & Analyst Opinion
Pros:
- Experienced promoters & generation-based management.
- Strong customer relationships and product quality.
- Steady business in plastic trading & manufacturing.
Cons:
- Highly overpriced IPO with unjustified valuations.
- Declining financials in terms of revenue & profit.
- High debt-to-equity ratio (6x) raises concerns.
- Market conditions are volatile, leading to potential listing risks.