New upcoming IPO'S list | Going to hit market this week | Subscribe or Unsubscribe
New upcoming IPO'S list | Going to hit market this week | Subscribe or Unsubscribe
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Kalyan Jewellers:
Kalyan Jewellers' IPO will begin on March 16 and end on March 18. The price band for the public issue has been fixed at Rs 86-87 per equity share.
The main purpose of IPO is to collect application money to fulfill working capital requirements and general corporate purposes.The jewellery business has remained risky and volatile, with gold prices also adding to the headwinds the company faces.
Seeing high competition from both organised and unorganized players in the Indian jewellery industry experts recommend risky investors can subscribe. As the majority of the jewellery industry consists of unorganized players, who have historically dominated the market.
Gold prices have been in a downtrend with emerging signs of economic recovery. MCX Gold has declined from a high of Rs 56,191 to a low of Rs 44,150 - a fall of 21 percent. At present, the yellow metal is trading around the Rs 45,000-mark.
Suryoday Small Finance Bank
Biding for Suryoday Small Finance Bank will open on March 17. Price band of Rs 303-305 per share. The issue will close on March 19. With initial public offering of 1,90,93,070 equity shares.
Gross Loan Portfolio of bank has grown at a CAGR of 46.98 percent from Rs 17.18 billion as on March, 2018 to Rs 37.11 billion as on March, 2020 to Rs 39.08 billion as on December, 2020.
Expert recommendations are mixed but if the economy picks up momentum, Suryoday Small Finance Bank (SSFB) may very well be lifted by the rising tide.a current book value per share of 133.5. The company has a diversified asset portfolio, Valuation comfort and growth will keep the company on buyers' radar, suggest experts.At a higher price band (305), the stock is valued at 2.28(x) P/BVPS with Factoring the good return ratios, FY20 ROA/ROE of 11.3%/2.5%.
Nazara Technologies
Nazara is set to become the first gaming company to list on the exchanges.The Rakesh Jhunjhunwala-backed Nazara Technologies will open its maiden public offer for subscription on March 17, within a price band of Rs 1,100-1,101 a share.
Nazara Technologies is a leading India-based diversified gaming and sports media platform. Company has performed well and made a presence in India and markets such as Africa and North America.
Reports also says The gaming business is quite difficult to understand we never know which game will become the next PUBG or fail due to some regulations. Its extremely risky business at this point as there is no defined concept to value and price any game's intrinsic value. It will cost millions of dollars for development and marketing a so a huge amount of capital to be invested in market.
According to a report the company may trade at an even higher multiple vis-à-vis expectations, as it is a pure-play digital company offering a potential of 30 percent CAGR and scarcity premium with almost no traditional company showing capability to grow at this pace in the medium term.
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