The listing gain is adjusted slightly upward from the GMP baseline due to strong QIB demand (17.73x) and robust revenue growth. However, the gain is capped by a high OFS component (80.6%) and a mediocre ROE of 6.48%, which tempers institutional aggressiveness.
💪 Strengths
Strong revenue growth trajectory
High EBITDA margins of 50.69%
Diverse blue-chip client base (Coca-Cola, Marico)
⚠️ Weaknesses
Low Return on Equity (ROE) of 6.48%
Significant OFS component (80.6% of issue size)
🚀 Opportunities
Growth in sustainable supply chain and asset-pooling demand
Expansion of e-commerce and quick-commerce sectors
🛡️ Threats
Lack of listed peers for valuation benchmarking
High debt-to-equity ratio of 1.01
🎯 Objectives of the IPO
Requirement / Purpose
Amount (₹ Cr)
Repayment / prepayment, in full or in part, of certain 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.