The listing gain is adjusted upward from the 8.25% GMP due to massive institutional demand (QIB 56.38x) and a small float size which creates a scarcity squeeze. Strong financial fundamentals, including a high ROE of 31.58% and a 100% fresh issue structure, further enhance the sentiment score.
πͺ Strengths
Exponential PAT growth over 3 years
100% Fresh Issue (No promoter offloading)
Strong ROE (31.58%) and ROCE (22.58%)
β οΈ Weaknesses
Small issue size leads to high volatility
Concentration of manufacturing in Sanand, Gujarat
π Opportunities
Expansion into new manufacturing facility in Sanand-II
Increasing export footprint in UAE, Canada, and Australia
π‘οΈ Threats
Raw material price volatility in plastic polymers
Intense competition in the FMCG packaging sector
π― Objectives of the IPO
Requirement / Purpose
Amount (βΉ Cr)
Part finance the cost of establishing new manufacturing facility at Plot No. E β 552 in the Sanand β II Industrial Estate, Hirapur, Taluka Sanand, District Ahmedabad (βProposed facilityβ)
βΉ27.19
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company
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.