In FY2022-23, 125 small and medium-sized enterprises (SMEs) of India launched €2,229 crore through an initial public offering (IPO), compared to 70 IPOs in 2021–22 that were raised €965 crore, representing a 130% jump year-on-year in terms of fundraising. SME, in contrast, raised this capital with 125 issues in fiscal 2022-2023 €965 crore was raised through 70 IPOs in the previous financial year. According to Prime Database, Rachana Infrastructure saw the largest IPO of SMBs and rose €72 crores. AG Universal and Retina Paints are two other mid-market IPOs scheduled to open in the remaining weeks of April, joining the already launched IPO of Pattech Fitwell Tube Components Ltd which will close on April 12, 2023.
In FY2022-23, 125 small and medium-sized enterprises (SMEs) of India launched €2,229 crore through an initial public offering (IPO), compared to 70 IPOs in 2021–22 that were raised €965 crore, representing a 130% jump year-on-year in terms of fundraising. SME, in contrast, raised this capital with 125 issues in fiscal 2022-2023 €965 crore was raised through 70 IPOs in the previous financial year. According to Prime Database, Rachana Infrastructure saw the largest IPO of SMBs and rose €72 crores. AG Universal and Retina Paints are two other mid-market IPOs scheduled to open in the remaining weeks of April, joining the already launched IPO of Pattech Fitwell Tube Components Ltd which will close on April 12, 2023.
AG Universal IPO
AG Universal IPO is a (SME) initial public offering which will raise 1,454,000 shares with a par value of Rs. 10, totaling up to Rs. 8.72 million. The price per share for the issue is €60 with a minimum order size of 2000 shares. The IPO is scheduled to open on April 11, 2023 and close on April 13, 2023. The registrar of the IPO is Skyline Financial Services Private Ltd. The shares are to be listed on the NSE SME. The allotment basis for the AG Universal IPO will be completed on April 19, 2023. The AG Universal IPO listing date has not yet been confirmed, although it is expected to take place on April 24, 2023. The reservation of the AG Universal IPO consists of 50% of the net issue for the retail category and 50% of the net issue for others. Ms. Bharti Gupta and Mr. Amit Gupta are the promoters of the company.
AG Universal IPO
AG Universal IPO is a (SME) initial public offering which will raise 1,454,000 shares with a par value of Rs. 10, totaling up to Rs. 8.72 million. The price per share for the issue is €60 with a minimum order size of 2000 shares. The IPO is scheduled to open on April 11, 2023 and close on April 13, 2023. The registrar of the IPO is Skyline Financial Services Private Ltd. The shares are to be listed on the NSE SME. The allotment basis for the AG Universal IPO will be completed on April 19, 2023. The AG Universal IPO listing date has not yet been confirmed, although it is expected to take place on April 24, 2023. The reservation of the AG Universal IPO consists of 50% of the net issue for the retail category and 50% of the net issue for others. Ms. Bharti Gupta and Mr. Amit Gupta are the promoters of the company.
AG Universal Ltd was established in 2008 and serves the industrial market as a supplier of MV Tubing, GI Tubing and Hollow Sections. Stainless steel tubing, mild steel tubing, black ERW tubing, GI tubing, hollow sections, uPVC tubing, cPVC tubing, TMT rod, wire rod, MV wire, CR spools and HR spools are among the company’s product offerings. AG Universal clients include Surya Roshni Ltd, Jindal Supreme (India) Private Limited, Swastik Pipe Limited, Ravindra Tubes Private Limited, SKS Ispat & Power Ltd, among others.
AG Universal Ltd was established in 2008 and serves the industrial market as a supplier of MV Tubing, GI Tubing and Hollow Sections. Stainless steel tubing, mild steel tubing, black ERW tubing, GI tubing, hollow sections, uPVC tubing, cPVC tubing, TMT rod, wire rod, MV wire, CR spools and HR spools are among the company’s product offerings. AG Universal clients include Surya Roshni Ltd, Jindal Supreme (India) Private Limited, Swastik Pipe Limited, Ravindra Tubes Private Limited, SKS Ispat & Power Ltd, among others.
AR Ramachandran, Tips2trades co-founder and trainer said: “While the financials such as sales and earnings growth appear robust even at extremely low PE valuations, it looks difficult whether AG Universal Limited would be able to generate this kind of outperformance in to maintain future. Therefore, investors can only subscribe to this IPO issue for price gains and then wait for a correction to buy at lower prices in the future.”
AR Ramachandran, Tips2trades co-founder and trainer said: “While the financials such as sales and earnings growth appear robust even at extremely low PE valuations, it looks difficult whether AG Universal Limited would be able to generate this kind of outperformance in to maintain future. Therefore, investors can only subscribe to this IPO issue for price gains and then wait for a correction to buy at lower prices in the future.”
Retina Paints IPO
The Retina Paints IPO is a SME IPO with 3,700,000 shares of par €10 aggregated up to an output size of €11.10 million. The price per share for the issue is €30 with a minimum order size of 4000 shares. The IPO is scheduled to begin on April 19 and end on April 24, 2023. The registrar for the IPO is Bigshare Services Pvt Ltd.
Retina Paints IPO
The Retina Paints IPO is a SME IPO with 3,700,000 shares of par €10 aggregated up to an output size of €11.10 million. The price per share for the issue is €30 with a minimum order size of 4000 shares. The IPO is scheduled to begin on April 19 and end on April 24, 2023. The registrar for the IPO is Bigshare Services Pvt Ltd.
The shares are to be listed on the BSE SME. The allotment basis for Retina Paints’ initial public offering will close on April 27, 2023 and while the exact date of Retina Paints’ initial public offering has not yet been determined, it is currently forecast for May 3, 2023. Retina Paints IPO reservation is made up of 50% retail quota and 50% other quota. Retina Paints Ltd, a company established in 2010, manufactures decorative paints such as distempers, wall care products, primers, emulsions etc. The company is headquartered in Hyderabad, Telangana.
The shares are to be listed on the BSE SME. The allotment basis for Retina Paints’ IPO will close on April 27, 2023 and while the exact date of Retina Paints’ public offering has not yet been determined, it is currently forecast for May 3, 2023. Retina Paints IPO reservation is made up of 50% retail quota and 50% other quota. Retina Paints Ltd, a company established in 2010, manufactures decorative paints such as distempers, wall care products, primers, emulsions etc. The company is headquartered in Hyderabad, Telangana.
AR Ramachandran, Tips2trades Co-Founder and Coach, said: “Retina Paints Limited’s PE Ratio is extremely high considering that its sales and earnings growth has shown little improvement over the past few quarters, which is a risky proposition and therefore investors can avoid this subscription and wait for much lower levels to consider buying for better returns.”
AR Ramachandran, Tips2trades Co-Founder and Coach, said: “Retina Paints Limited’s PE Ratio is extremely high considering that its sales and earnings growth has shown little improvement over the past few quarters, which is a risky proposition and therefore investors can avoid this subscription and wait for much lower levels to consider buying for better returns.”
subjects
Comments are closed.