Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
+3.0%
predicted listing gain
🔴Action Signal: High Risk / Avoid
The listing gain is adjusted upward from a 0% GMP baseline due to exceptional financial quality (ROE > 50%) and a small float size creating a scarcity squeeze. However, the gain is capped by a complete lack of institutional QIB demand (0.0x) and a neutral overall review.
💪 Strengths
Exceptional ROE of 51.53% and ROCE of 45.73%
Low leverage with Debt-to-Equity ratio of 0.19
Strong PAT growth from ₹3.58Cr to ₹8.65Cr in one year
⚠️ Weaknesses
Lack of institutional (QIB) interest in the current subscription profile
Small scale of operations compared to industry giants like Sheela Foam
🚀 Opportunities
Expansion of manufacturing capacity through IPO proceeds
Growth potential in the organized mattress and home comfort market
🛡️ Threats
Intense competition from established brands and new-age D2C players
Volatility in raw material prices for polyurethane foam
🎯 Objectives of the IPO
Requirement / Purpose
Amount (₹ Cr)
To finance the Capital expenditure requirements for civil construction and purchase of Machineries and Equipments for existing manufacturing facility
₹13.72
To part finance the requirement of Working Capital
₹14.25
To meet General corporate purposes
₹12.51
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
Metric
FY24
FY25
FY26
Revenue (₹ Cr)
Rs 73.73 Cr
Rs 81.15 Cr
Rs 92.30 Cr
Net Profit / PAT (₹ Cr)
Rs 2.97 Cr
Rs 3.58 Cr
Rs 8.65 Cr
EBITDA / Op. Profit (₹ Cr)
Rs 4.56 Cr
Rs 4.85 Cr
Rs 11.17 Cr
Borrowings (₹ Cr)
Rs 10.11 Cr
Rs 9.22 Cr
Rs 3.99 Cr
Total Assets (₹ Cr)
Rs 33.55 Cr
Rs 36.58 Cr
Rs 49.33 Cr
ROCE %
NA
22.92%
45.61%
Company P/E
12.6x
Debt/Equity
0.19
📋 Live Subscription Status
QIB
0.00x
NII
2.17x
Retail
2.62x
Total
2.40x
🎯 Retail Allotment Probability38.2% Odds
1 in 2.6 chance (~38.2% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
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.
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