In our monthly analysis of SME IPOs (remember, mainboard IPOs were absent in February after the Adani Enterprises FPO was withdrawn), we cover SME IPOs that listed in the month of February 2023. How do we evaluate IPOs on the SME counter. You can eva

Global Surfaces Limited, as the name suggests, is into the processing natural stones and manufacturing engineered quartz out of that. Rajasthan has traditionally been known for its exquisite stones, including marble, and that is where the company is

The anchor issue of Divgi TorqTransfer Systems IPO saw a robust response on 28th February 2023 with 45% of the IPO size getting absorbed by the anchors. Out of the 69,85,090 shares on offer, the anchors picked up 31,43,290 shares accounting for 45% o

MCON Rasayan India Ltd is a seven year old company headquartered in Mumbai with its manufacturing plants in the industrial heartland of Gujarat. MCON Rasayan India Ltd is into the business of manufacturing, marketing and selling modern building mater

Vertexplus Technologies IPO is a certified IT services company incorporated in the year 2010 with an operating history of nearly 13 years. The company is currently engaged in the business of consulting, outsourcing, infrastructure, digital solutions

Systango Technologies Limited is an IT services company incorporated in the year 2004 with an operating history of nearly 2 decades. The company offers software solutions that essentially enable companies to design, implement and manage their own cus

The IPO segment is finally starting to see some action after almost a month of quiescence. The latest company to file the draft red herring prospectus (DRHP) with SEBI for its proposed NSE Emerge IPO is Crayons Advertising. Incidentally, the company

Srivasavi Adhesive Tapes Ltd is a 13 year old company incorporated in the year 2010 and engaged in the business of manufacturing, coating, converting and die cuts of industry specialty self-adhesive tapes. The company has several user industries it c

While the mainboard IPOs have been virtually dry since the Adani Transmission FPO got called off, there are now the first indications coming that the IPO market may see a quick return of interest. Two mainboard IPOs are expected to announce details o

How do we evaluate the IPOs on the SME counter. One can argue that the market returns are the ultimate test, but then the time is too short to only apply a market test. Here we will apply 2 tests viz. the test of stock market returns post listing and

The anchor issue of Adani Enterprises FPO saw a robust response on 25th January 2023 with 29.92% of the FPO size getting absorbed by the anchors. Out of the 6,10,50,061 shares on offer, the anchors picked up 1,82,68,925 shares accounting for 29.92% o

Most investors would have probably never heard of the name of the company, Honasa Consumer. That is because the company is much better known by its flagship brand, Mamaearth, which is a popular personal skincare brand devoid of chemicals. Now Mamaear