IPO Review - Discussion until listing

Any idea, why adv and loans to Govt increasing YoY from 1 cr to 11cr in three years?

Solarium Green Energy Limited is engaged in the business of Solar Solutions. The company provides turnkey solar solutions, including design, engineering, procurement, construction, testing, commissioning, transmission systems, and Operation & Maintenance for residential, commercial, industrial, and government solar projects.

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Srigee DLM Limited, incorporated in 2005, is a design-led manufacturing (DLM) company specializing in plastic injection molding, tool and die making, mobile phone sub-assembly, and polymer compounding. Serving OEMs in consumer durables, home appliances, automotive, and electronics, it offers cost-efficient, high-quality, end-to-end solutions. The company is expanding with a new facility in Greater Noida focused on electronics and advanced molding. Backed by strong client relationships, flexible manufacturing, and an experienced team, Srigee DLM is positioned for scalable growth.

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Dar Credit & Capital Ltd. (DCCL) offers three primary types of financial products: (i) Personal Loans, (ii) Unsecured MSME Loans, and (iii) Secured MSME Loans. The Company specializes in offering credit solutions to low-income individuals, particularly those in class-four (Group D) employment rolls such as cleaners, sweepers, and peons working in municipalities.

Here is the link to the full interview with the company promotor: https://youtu.be/VYC5leK0LAI

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Interview with the Suntech Infra promoter:


Interview with the promoter of Silky overseas ltd. →

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Interview with the Promoter of Patel Chem Specialties Ltd.


Interview with the promoter of Repono Ltd.

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Interaction with the top management of Jayesh Logistics Ltd.

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I feel IPOs are overhyped. In any oversubscribed mainboard issue, you don’t get shares of more than ₹15000. So, how much profit can you earn on that? My wife has earned 42% profit on Smart Cowork shares. The profit in real terms? ₹6215!
So, a retail investor like you and me can create decent wealth only from secondary market.

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Any body following up on Groww IPO?
Disclaimer: Applied for the IPO

Some history weaved with high valuation IPO. Is lenskart going to see same fate as Paytm ?

A take on high valued IPO & big fund house giving SELL call just before its about to get listed.

The IPO Bubble will burst one day - Mutual Fund Managers also culprits here??
Just Brilliant - At last some one talking sense in the investment industry

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The Rights Issue thing which he mentions…which company is it?

If I were to hazard a guess, I’d say it must be Oyo.
More details here
https://www.moneycontrol.com/news/business/startup/oyo-rolls-back-controversial-60001-bonus-share-plan-after-backlash-13648414.html#google_vignette

Excerpts from the article :
Resolution No. 2 in the company’s postal ballot proposed a bonus share issue that was structured in an unusually complex way — unlike the simple, broad-based bonus issues typically seen in corporate actions.

Instead of an equal bonus distribution, the proposal hinged on how shareholders responded within a tight election window and, crucially, on the progress of Oyo’s long-awaited listing.
Investors were to receive one Bonus Compulsorily Convertible Preference Share (CCPS) for every 6,000 equity shares held. Fewer than 6,000 shares? No bonus. What happened next depended on whether the shareholder took action during the election window.

Those who did nothing automatically fell into Class A, where each CCPS converted into one equity share — effectively one bonus share for every 6,000 held.

Those who actively opted in and submitted documents within the specified window could elect Class B, which carried a much higher potential reward: each CCPS would convert into 1,109 equity shares if Oyo appointed merchant bankers for its IPO before March 2026. If that milestone wasn’t met, however, the conversion would drop to 0.10 share per CCPS.
The potential difference was striking: under Class A, a shareholder with three lakh equity shares would have received 50 CCPS, converting to 50 new shares — worth around Rs 1,300 at the company’s implied price. Under Class B, the same investor would have gained 55,450 shares, worth roughly Rs 14.4 lakh — provided the IPO milestone was achieved.

That disparity initially appeared significant when applied to Oyo’s largest shareholders. Founder Ritesh Agarwal, who directly owns 29.65 percent of Oyo, also controls RA Hospitality Holdings (Cayman) — his personal investment vehicle — which holds another 34.9 percent.

Early interpretations of the ballot suggested that if merchant bankers were appointed before March 2026, the promoter group could receive 1,109 equity shares for every bonus CCPS, substantially boosting their stake through conversion.

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I was going through the DRHP of Meesho and One observation under exception item : While I understand the ESOP why company paying tax in behalf of founder and is it normal : Kindly provide your view for the same.

@Manish_Kakran

  • Yup, it’s actually possible for a company to pay the tax on behalf of founders during ESOP or sweat-equity exercise.
  • Technically that tax belongs be paid by the founder, but some startups “gross it up” so the founder doesn’t have to arrange huge cash just to exercise shares.
  • Think of it as extra founder compensation, not some recurring business cost.
  • That’s why it shows up under exceptional items. It’s a one-time thing, not part of normal operations.
  • It’s not super common in old, traditional listed companies, but in VC-backed startups before IPO, it does happen.
  • For example, Star Health’s DRHP openly mentioned paying perquisite tax for their CEO’s sweat equity.Even in ceinsys tech for some particular ESOP’s, it stats that," Perquisite tax for this transaction will be borne by the company.".
  • So Meesho isn’t the only one. It’s allowed, but you should still see it as a special founder benefit, not “business as usual.”

To sum it up, Rare & not in common practice.

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Your view on this, are you still tracking this? Can they provide this to other data centers like NTT Global? as well and have a big opportunity ahead?

Which company is referred here?

@Prabhat_Mohanty Lakshya Powertech Limited

Source: Zen Nivesh - Ignore last column ML, it’s derive from low to cmp

They provided multibagger and multilosser - MB / ML of IPO since 2021. Their idea behind the study is look for opportunity post initial hype in new age stocks. 3 new age company is there in top 10 companies which delivered good return, both from low and from ipo price.

ML is interesting, It appears that the market punishes low-growth, the sure-shot loser is a company with a high P/E that fails to deliver revenue and profit growth.

There may be some mistake in datapoint as I don’t tried hard to get exact data. But conclusion is beware of low growth and high pe company.

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