Q-Line Biotech SME IPO opens today.

I recently visited their Lucknow manufacturing facility and spent time understanding the business, management and industry dynamics first-hand.

Some notes & observations from the ground 👇(1/10) 1/ Q-Line operates in the IVD (In Vitro Diagnostics) space — basically machines & reagents used in pathology labs.

Strong presence in Clinical Chemistry & Hematology with meaningful market share in India’s reagent market.

(2/10)

🚨IPOs Clash Alert!🚨

8 Mainboard IPOs closing on 23rd & 24th Dec.

With combined aim to raise >₹6,300 Cr, next week is going to be tight battle for investor attention!🎯

Here’s the ultimate IPO guide🧵👇

Bookmark, RT & Comment: What's your strategy for this IPO frenzy?💹 1⃣ Transrail Lighting
⚡ Powering Progress!

Details: Engineering & construction company specializing in Power Transmission & Distribution (T&D) & lattice structures

Interesting Fact: India’s T&D sector is seeing structural changes with ₹3.03 lakh Cr capex planned by 2027. ⚡

Dates: 19th-23rd Dec

Size: ₹839 Cr (₹400 Cr Fresh + ₹439 Cr OFS)

M-Cap: ₹5,800 Cr

Retail Quota: 35%

🚨Banks & IPO Flipping: Insights from Hyundai IPO🚨

With #HyundaiIPO allotment out, dove into QIB (Qualified Institutional Buyers) category & uncovered some fascinating trends.🧐

One major insurance player grabbed ₹1920 Cr worth of shares.

Details ahead👇🧵Bookmark & RT 🔍 The Big Surprise? (1/6)

None of the major banks (except Yes bank) bid in the Hyundai IPO QIB category.

Most allocations went to FIIs, and on the DII side, it’s primarily mutual funds and insurance companies.

Strong hands? Hopefully! Next tweet explains 🙌

🚀 Get ready! The next two months will be record-breaking for IPOs.

Here’s a detailed thread on expected IPOs in October & November including few less tracked names.

Bookmark to remain updated & Retweet!

Note: Based on best estimates from @Tanmay_31_ & I & may change a bit. 1⃣ Afcons Infrastructure🏗️

Details: A Shapoorji Pallonji Group company, Afcons specializes in large-scale infrastructure projects, including highways, bridges, railways, metro systems, & marine works

Expected IPO Size: ₹4400 Cr (₹1250 Cr fresh) + ₹4000 Cr Pre IPO placement

confused by various valuation metrics like P/E, P/B, PEG, EV/EBITDA being used & which one to use when?🏦

In this thread, breaking down most commonly used valuation metrics & highlighting the industries/sectors they apply to. 📌

Bookmark this long thread & RT the🧵for reach! 1a. The Price-to-Earnings (PE) ratio:

one of the simplest ways to value a company & shows how many years it would take to earn back your investment at the current profit level.

A PE of 15 means it’ll take 15 years to recover your investment if profits stay the same.

(1/2)

With #BajajHousingFinance & #PNGadgil allotments out, many have said they didn’t get an allotment despite thinking it was a sure shot

For example, applying 10x BHNI in Bajaj doesn't give you an guaranteed allocation even if subscribed < 10x

Read thread till end & Bookmark Explanation:

Imagine 100,000 people applied with 10,000 available allotments.

You submit 10 applications. You might think, "If 1 in 10 wins, and I have 10 applications, I should get one?"

Not quite! Even with 10 applications, it’s possible none gets selected due to randomness

In #IPOoftheDay series, Mainboard IPO #PNGGagdil is closing today.

The 1100 Cr IPO is very interesting and here is my read of the company along with 1 detailed 1 pager at the end.

Do read thru and take an informed call. Bookmark to keep handy. Retweet for reach. About the company:

1⃣ Maharashtra second largest organized jewelry chain player

2⃣ Family legacy of almost 200 years leading to a brand consumers trust

3⃣ Master franchise (central store) based out of Laxmi Nagar, Pune

4⃣ Operates 39 stores (28 direct, 11 thru franchise)

With #PNGadgil IPO open for subscription, there is confusion regarding its relationship with #PNGS & specifically #PNGSGargi, another listed SME

Let’s clarify: #PNGadgil (purple logo) & #PNGS (red logo) are two different groups but share same family legacy

Here's the history🧵 1/ Origins:

The P. N. Gadgil jewelry business was established in 1832 by Ganesh Gadgil, and over generations, it became one of Maharashtra’s most iconic jewelry brands.

By the 20th century, it was a major player in the gold and diamond retail space. 💎 #JewelryLegacy

🧵 #BajajHousingFinanceIPO is around the corner, with buzz about shareholder quota & general application process.

One of those rare IPOs where can apply more than 1 application from same PAN.

Here's everything you need to know 👇 Bookmark to keep handy.

#IPO #Investment #BajajFinance #BajajHousingFinance 1/ Who can apply?

Anyone can apply under Retail or NII (BHNI or SHNI) categories.

For the shareholder quota, you must have held at least 1 share of Bajaj Finserv or Bajaj Finance on August 30th (RHP filing date).

So, you must’ve bought by August 29th to be eligible.

🧵: Shareholder (SH) Quota in IPOs: Are You Missing Out? 🚀

In this🧵, explaining what shareholder quota is, how you can benefit & FAQ's on Bajaj housing finance SH quota.

Bonus list of future IPOs that might have SH quota in end.

Retweet, Bookmark & read till the end 📌👀 1/❓ What Exactly is a Shareholder Quota in IPOs?

When a subsidiary company of a large company, usually a conglomerate, is getting listed it often has SH quota.

SH quota is reserved allocation (usually 5%-15%) for existing shareholders of parent company.

This gives them exclusive access to a portion of the new shares in the IPO of the subsidiary company getting listed. 📈🔓

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🔥 #RightsIssue has been a hot topic lately.

This thread covers overview of rights issue, benefits & risks, how to apply, and my strategy.

It's a slightly long thread, so bookmark for later. 🔖

Retweet for reach and comment with any questions! 💬 🚀 What is a Rights Issue?

A rights issue is a method companies use to raise additional capital from existing shareholders.

The company offers "rights" to shareholders, allowing them to buy new shares at a discounted price.

This is often done to fund expansion or strengthen the balance sheet. 💼

(1/11)

#Investing #Finance

With multiple #buybacks doing rounds, it's a good opportunity as retailer to enjoy arbitrage & try to make relatively less risky gains.

🧵to cover basics of buybacks & my buyback strategy to evaluate open #Buybacks.

Bookmark the thread to go thru the deets. Retweet for reach. Why do companies do buyback?

- When company feels it’s share price is undervalued & expects good performance later

- To reward its long-term shareholders with higher price exit

- EPS increases for company as shares reduce

- To enjoy Tax Arbitrage (not applicable after Oct 1st)

#SME #Investing #IPO

For most SME’s, recovery in last 3 years has been so steep due to low base (thanks to covid) that when we look at just last 3 years in isolation, we see a perfect upward trajectory & we extrapolate to further years.
Taking #svlvan example.

@rohiitian
(1/3) For ex – These are the financials of #Sylvanplyboard, an IPO which closed today with very good demand.

On first glance, revenue and pat both are continuously going up from 165 cr in 2021 to 203 cr in 2023. (2/n)

🚀 Interested in applying to IPOs but confused. Let's clear the doubts! This thread covers IPO types (mainboard & SME); categories (Retail, SHNI & BHNI); allotment mechanism & bonus tips to improve the odds. Bookmark & share for wider reach! 📈 #IPO #Investing #FinanceTwitter When companies go public, they come on either Main board (less risky, established firms) or SME board (higher risk, smaller enterprises).

Whenever we apply for an IPO, we bid in multiples of a lot. Like we say mainboard has 15K/lot. Let’s first understand what a lot is. (1/n)

#SME #IPOoftheDay

With 2 IPO’s closing on 19th June, I am reviewing #Unitedcotfab as the other issue #GPES is well covered.

TLDR, will apply in #Cotfab for listing pop but it's a high risk & a short-term trade.

I will most definitely not hold beyond listing day. My read below: Cotfab is in textile industry & makes open end recycled yarn - input for denim manufacturers like ALBL, Vinod spinners etc

A highly fragmented & competitive industry

Promoters have family business in textile with 40+ years workex. Also manage listed co. – United polyfab (1/n)

#IPOoftheDay #Mainboard #Investing

This is a lean week for IPO's with just 1 Mainboard IPO hitting markets.

Today is the closing of MB issue i.e., #Ixigo. This is an interesting company & am subscribing atleast for listing pop with a few HNI lots

Here’s my read of the company Parent company is an online travel agency (OTA) which commenced operations as a meta search website & subsequently transitioned to bookings on its own platform. Like MMT,Expedia,Booking, Ixigo maintains a suite of apps - Ixigo trains, Confirmtkt, Ixigo flights & Abhibus app (1/n)

In today's installment of #ipooftheday, tough job to recommend any of the 3 open ipo's. All 3 : average to reject category 🤦

Yet, I am taking a risk & applying some lots in #sattrix (hoping 1 lot allotment)

Have a feeling this will be painful & taking a trade when none exists. From my read, it's another IT company in cybersecurity & doesn't have its own software
Because it is commoditized IT play, an extremely competitive industry competing on price and no entry barrier.
The promoter is a seasoned professional with 10+ years of running Sattrix (1/n)

#IPOoftheDay #Mainboard #Investing

Think IPO’s rush will finally slow down as they will want to time the market better

For today, we are discussing a mainboard IPO closing having SME issue size. Even with negative sentiment,it is an easy decision to apply to #Kronox

Read why: The company is in Chemical industry & manufactures high-purity specialty fine chemicals for multiple end user industries.

It was formed in 2008 & operates 3 manufacturing plants in Vadodara, Gujurat and has 188 products in current portfolio with further 122 in pipeline (1/n)

#IPOoftheDay #SME #Investing
With wide spread negativity around the election shock results, liquidity will reduxe in pirmary market but I am going in with #TBICorn. Most of my money is blocked in #Aimtron so, I am putting retail lots in this issue. Here’s my read of the company Company is in Agri commodity business - a major player in corn milling offering cleaned Corn Grits, Corn Meal, Corn Flakes, Broken Maize & Corn Flour. They hold ISO & organic certificates from India & US department of Agriculture. Co. formed as The Best India (TBI) in 2000 (1/n)

#IPOoftheDay #SME #Investing

With multiple IPO’s ending every day, I have decided to document my rationale on IPO’s I am applying & why. Plan to be regular with these going forward as well.

For today I am applying full force in #Aimtron.

Here’s why - A quick thread. Company is one stop solution for electronics systems (Design & manufacturing of PCB’s) in various industries such as IoT, Drones, EV chargers, Defense, Industrial etc. So, the company can be thought as proxy of electronics industry which is growing and import dependent rn. (1/n)

#Cgraphics #H224Results #SME #Stocksinfocus
CG released its H2’24 results along with an investor presentation today. First look – Doesn't look good & results leave more open questions then gives answers. Here is my naïve read. Please correct me if I am seeing something wrong: CG standalone made 48.5 Cr in H1’24. Group closed at 135.5 Cr of which Wahren business (all H2) was 38.3 Cr so, standalone did 48.7 Cr? H2 over H1 growth 0.4%? Company has mentioned this is due to pruning low margin customers So, expect margin to improve. Apparently not! (1/n)