The listing gain is adjusted upward from the 0% GMP baseline due to a strong financial profile (ROE > 20%) and a small issue float creating a potential supply squeeze. The absence of an OFS component and the 100% fresh issue structure provide a positive sentiment boost, though the lack of current subscription data keeps the prediction moderate.
💪 Strengths
Strong ROE (20.73%) and ROCE (22.62%)
100% Fresh Issue with no promoter offloading
27 years of domain expertise in GovTech
⚠️ Weaknesses
Modest profit growth relative to revenue scale
Concentration in government-sector clients
🚀 Opportunities
Expansion of digital transformation initiatives across 12 countries
Potential for inorganic growth through fresh capital
🛡️ Threats
Changes in government policies or budget allocations for IT
Intense competition from larger global IT consulting firms
🎯 Objectives of the IPO
Requirement / Purpose
Amount (₹ Cr)
Funding working capital requirements of the Company
₹53.00
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company
₹25.88
Achieving inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.