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The Sodhani Academy of Fintech Enablers IPO is an SME IPO offering a fixed price issue of ₹6.12 crore. Founded in 2009, the company focuses on financial education, offering learning, coaching, and training services to empower students to make well-informed financial decisions. They provide courses and events for students, homemakers, and job seekers, aiming to improve financial literacy.

The Sodhani Academy of Fintech Enablers IPO is set to open on September 12, 2024, and close on September 17, 2024. The total issue includes 1,530,000 shares, with a fresh issue of 9.7 lakh shares (₹3.88 crore) and an offer for sale (OFS) of 5.6 lakh shares (₹2.24 crore). Each share is priced at ₹40.

Financial Overview:

Total assets: ₹660.04 lakh

Revenue: ₹306.95 lakh

PAT: ₹183.17 lakh

Net worth: ₹656.22 lakh

Objectives of the Issue: The company plans to use the proceeds for:

Building offline training infrastructure.

Procuring IT hardware and software.

Developing course content.

Brand building.

Application development for Learning Management Systems (LMS).

General corporate purposes.

IPO Details:

Opening/Closing Dates: September 12 - September 17, 2024

Listing: BSE, SME

Price per Share: ₹40

Minimum Lot Size: 3,000 shares (₹1,20,000 investment)

This Fintech Enablers IPO offers an opportunity to invest in a company with a unique focus on financial literacy, though it faces risks such as competition and a trainer-dependent model.

Bajaj Housing Finance Ltd. is launching a major IPO, offering Rs.6,560 crore (937,142,858 shares). Founded in 2008, this non-deposit-taking Housing Finance Company (HFC) has been a key player in the housing finance market since registering with the National Housing Bank (NHB) in 2015 and beginning mortgage loans in 2018.

As part of the renowned Bajaj Group, Bajaj Housing Finance ltd provides tailored financial solutions for purchasing and renovating residential and commercial properties. With 215 branches across 174 locations in 20 states and three union territories, the company has grown rapidly, becoming the second-largest HFC in India by AUM in just seven years. As of March 31, 2024, 81.7% of its 308,693 active customers were home loan clients.

The Bajaj housing finance share price will run from September 09 to September 11, 2024, with a price band of Rs.66 to Rs.70 per share. The offering includes a fresh issue of Rs.3,560 crore and an Offer for Sale (OFS) of Rs.3,000 crore, with 35% allocated to retail investors, 50% to institutional investors, and 15% to non-institutional investors.

The Archit Nuwood Industries SME IPO is set to launch from August 30 to September 03, 2024, with a listing date on BSE and SME scheduled for September 06, 2024. The IPO price band ranges between Rs.257 to Rs.270 per share. In the financial year ending March 31, 2024, the company reported a 21% increase in revenue and a 74% rise in PAT. The company’s total assets stand at Rs.16,649.44 lakh, with a total revenue of Rs.18,540.13 lakh, and PAT of Rs.3,692.53 lakh.

Key Financial Highlights:

Total Assets: Rs.16,649.44 lakh

Total Revenue: Rs.18,540.13 lakh

PAT: Rs.3,692.53 lakh

EBITDA: Rs.5,421.20 lakh

IPO Details:

Issue Price: Rs.257 to Rs.270 per share

IPO Date: August 30 - September 03, 2024

Listing Date: September 06, 2024

Issue Size: 6,24,0000 shares (up to Rs.168.48 crore)

Axis Consumption Fund NFO: Key Highlights and Insights

The Axis Consumption Fund, launched by Axis Asset Management Company Ltd., is an open-ended equity scheme that focuses on the consumption theme. The New Fund Offer (NFO) is available from August 23 to September 06, 2024, with a starting price of Rs.100 per unit.

This fund is designed for investors seeking long-term capital growth by investing in companies within the Axis consumption ipo or related industries. With a high-risk profile, the scheme allocates 80-100% of its assets to equity and equity-linked instruments in the consumer sector, 0-20% in other equity instruments, 0-20% in debt and money market instruments, and 0-10% in REITs & InVITs.

If you're looking to diversify your portfolio with a thematic fund focused on India's consumption sector, this could be an option to consider. Stay informed on the latest trends and insights in nfo mutual funds by following our updates.

Key Details:

NFO Period: August 23 - September 06, 2024

Investment Objective: Long-term capital growth through investments in consumption-related equities

Risk: Very High

Minimum Investment: Rs.100 and in multiples of Rs.1 thereafter

Backed by Rekha Jhunjhunwala, Baazar Style Retail Limited is launching a Mainboard IPO with a book-built issue worth ₹834.68 crore (21,456,947 shares). Founded in June 2013, the company is a fashion retail brand based in West Bengal and Odisha, offering affordable clothing for boys, girls, women, and infants, as well as home furnishings and non-apparel items.

The Baazar Style Retail IPO commands a market share of 3.03% in West Bengal and 2.22% in Odisha, boasting the largest retail footprint among value retailers in Eastern India for FY 2024. With an average floor area of 9,046 square feet, Baazar Style Retail generated sales of ₹7,758 per square foot during the same fiscal year. As of March 31, 2024, the company operated 162 outlets across 9 states, including Assam, Jharkhand, Tripura, Uttar Pradesh, Andhra Pradesh, Odisha, and Bihar.

The IPO is set to open on August 30, 2024, and close on September 3, 2024, with a price band ranging from ₹370 to ₹389 per share. The listing is scheduled for September 6, 2024, on the BSE and NSE.

The baazar style retail limited ipo  will raise ₹834.68 crore, comprising a fresh issue of ₹148 crore and an Offer for Sale (OFS) of ₹686.68 crore. Of this, 35% is allocated to retail investors, 50% to institutional investors, and 15% to non-institutional investors.

Financial Snapshot

Total Assets: ₹1,165.97 crore

Total Revenue: ₹982.83 crore

PAT: ₹21.94 crore

Net Worth: ₹212.56 crore

EBITDA: ₹142.14 crore

Key Dates

IPO Opening Date: August 30, 2024

IPO Closing Date: September 3, 2024

Allotment Date: September 4, 2024

Refund Initiation: September 5, 2024

Listing Date: September 6, 2024

Investment Highlights

Largest Retail Footprint: In Eastern India among value retailers.

Affordability: Focus on offering stylish yet affordable clothing.

Growth Potential: Rapid expansion with a cluster-based strategy.

Strong Leadership: Supported by experienced promoters and management.

Investment Risks

Regional Concentration: Heavy reliance on Eastern India.

Market Volatility: Susceptible to changing consumer preferences.

ECO Mobility IPO is a Mainboard IPO, raising Rs. 601.20 crore (18,000,000 shares) through ECOS (India) Mobility & Hospitality Ltd., a company established in February 1996. It began by offering chauffeur-driven automobile rentals in India and has since grown to become the largest and most profitable provider of chauffeur-driven mobility services for businesses in India as of Fiscal 2023.

The company specializes in Employee Transportation Services (ETS) and Chauffeured Car Rentals (CCR), serving a wide range of clients, including Fortune 500 companies in India. By March 31, 2024, ECO Mobility operated in 109 cities across India, covering 21 states and 4 union territories, showcasing its extensive reach. The company fulfilled the CCR and ETS needs of over 1,100 Indian organizations in Fiscal 2024 and completed over 3,100,000 trips, averaging over 8,400 trips per day.

With a fleet of over 12,000 vehicles, including luxury, compact, and specialty models, ECO Mobility serves a diverse clientele, including big names like Indigo, HCL Corporation, Safexpress, and Urban Company. The company is set to launch its IPO from August 28 to August 30, 2024, with a price band between Rs. 318 to Rs. 334 per share.

Key Financials

Revenue (FY 2024): Rs. 568.21 crore

PAT (FY 2024): Rs. 62.53 crore

Total Assets (FY 2024): Rs. 296.66 crore

Net Worth (FY 2024): Rs. 177.41 crore

EBITDA (FY 2024): Rs. 89.96 crore

IPO Details

Total Issue Size: 18,000,000 Shares (Rs. 601.20 crore)

Allocation: 35% retail investors, 50% institutional investors, 15% non-institutional investors

Listing Date: September 04, 2024

Listing on: BSE, NSE

Evaluation & Analysis

The ECO Mobility IPO's P/E ratio is calculated at 32.05x, which is higher than the industry average of 22.28x, suggesting an overvaluation. Investors should consider this when evaluating the IPO, especially in comparison to listed peers.

Strengths

Market leader in chauffeur-driven mobility services.

Strong client base with long-standing relationships.

Robust financial performance and extensive geographic reach.

Weaknesses

Heavy reliance on vendor partnerships for vehicles and chauffeurs.

Potential risks from competitive pressures and reliance on GCCs.

IPO GMP (As of August 24, 2024)

Current GMP: Rs. 51

Estimated Listing Price: Rs. 385

Indian Phosphate Ltd., a prominent SME founded in 1998, is set to launch its IPO with a book-built issue of Rs.67.36 crore. As a leading producer of Linear Alkyl Benzene Sulfonic Acid (LABSA 90%) and fortified fertilizers like Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP), Indian Phosphate plays a crucial role in the Indian chemical and fertilizer industry. Their manufacturing facility, located in Girwa,indian phosphate ltd Udaipur, Rajasthan, is strategically positioned near essential raw materials, ensuring efficient production.

The Indian Phosphate IPO will be open from August 26 to August 29, 2024, offering a fresh issue of 68.04 lac shares. With a price band of Rs.94 to Rs.99 per share, the IPO aims to raise funds for a new manufacturing plant, working capital needs, and general corporate purposes.

Key Financial Highlights

Total Revenue: Rs.71,757.81 lac (FY 2024)

Net Worth: Rs.8,099.06 lac (FY 2024)

EBITDA: Rs.2,303.42 lac (FY 2024)

PAT: Rs.1,210.21 lac (FY 2024)

IPO Details

Issue Size: 6,804,000 Shares (Rs.67.36 Cr)

Price Band: Rs.94 to Rs.99 per Share

IPO Dates: August 26 - August 29, 2024

Lot Size: 1200 Shares

Listing: NSE, SME

Conclusion

Tata Nifty200 Alpha 30 Index Fund by Tata Mutual Fund is an open-ended scheme tracking the Nifty200 Alpha 30 Index (TRI). The New Fund Offer (NFO) runs from August 19 to September 02, 2024, with a starting price of Rs.5000.

NFO Details

This scheme is ideal for investors aiming for long-term capital gains by investing in equity and related securities underlying the Nifty200 Alpha 30 Index. It’s a high-risk investment with no guaranteed returns. The fund allocates 95-100% in Nifty200 Alpha 30 Index securities and 0-5% in debt and money market instruments.

Fund Overview

Minimum Investment: Rs.5000 (in multiples of Rs.1)

NFO Start Date: August 19, 2024

NFO End Date: September 02, 2024

Allotment Date: September 11, 2024

Exit Load: 0.25% if redeemed within 15 days

AUM: Rs.161,036.71 crore (as of June 30, 2024)

Risk: Very High

How to Invest Post NFO?

If you miss the NFO, you can invest after the reopening on September 11, 2024, via your Demat account or directly through the AMC.

Fund Objective

The scheme aims to deliver returns aligned with the Nifty200 Alpha 30 Index (TRI), subject to tracking error.

Asset Allocation

Nifty200 Alpha 30 Index Securities: 95-100%

Debt & Money Market Instruments: 0-5%

Risk Factors

Potential underperformance relative to other asset classes.

The scheme’s performance is tied to the Nifty200 Alpha 30 Index, and a market downturn could negatively impact returns.

High-risk investment, suitable only for investors who can bear potential losses.

Who Should Invest?

This fund is suited for high-risk investors looking for long-term capital gains by investing in equity and related securities.

Fund Managers

Mr. Kapil Menon

Conclusion

DSP Nifty Top 10 Equal Weight ETF by DSP Mutual Fund, managed by DSP Asset Managers Pvt Ltd., is an open-ended equity scheme that replicates the Nifty Top 10 Equal Weight Index. The NFO runs from August 16 to August 30, 2024, with a starting price of ₹5,000.

This ETF is designed for investors aiming for long-term capital growth through equity investments tied to the Nifty Top 10 Equal Weight Index. The scheme is high-risk, and while it seeks to match the performance of its benchmark, there is no guarantee of meeting its investment goals.

Fund Overview:

- NFO Dates: August 16, 2024 - August 30, 2024

- Minimum Investment: ₹5,000

- Risk Level: Very High

- Benchmark: Nifty Top 10 Equal Weight TRI

- AUM:₹239 Cr (as of July 31, 2024)

- Taxation: STCG and LTCG apply based on holding period

Investors can participate in the NFO or invest post-closure when the scheme reopens on September 11, 2024, through their Demat accounts or directly with the AMC.

Objective: The scheme aims to deliver returns that track the Nifty Top 10 Equal Weight TRI, subject to tracking errors. The portfolio allocation will be 95-100% in equity and equity-related securities and 0-5% in cash equivalents.

This ETF is ideal for those seeking long-term returns by investing in equities corresponding to the Nifty Top 10 Equal Weight Index. 

Fund Managers: 

- Mr. Anil Ghelani

The Ideal Technoplast Industries IPO, launching on August 21, 2024, is an SME IPO offering a fixed price issue of ₹16.03 crore. Established in 2012, Ideal Technoplast Industries Ltd. specializes in rigid plastic packaging solutions, serving industries such as paint, agro, chemical, cosmetic, and food, both domestically and internationally.

Ideal Technoplast Industries IPO Overview

The IPO consists of a fresh issue of 13.25 lakh shares, totaling ₹16.03 crore. The price per share is ₹121. The IPO date is set from August 21 to August 23, 2024, with an expected listing on August 28, 2024, on NSE SME. The allotment is 50% for retail investors and 50% for others.

Company Financials

As of February 29, 2024, Ideal Technoplast Industries Ltd IPO. reported total assets of ₹1,508.51 lakh, total revenue of ₹2,424.11 lakh, and a PAT of ₹326.61 lakh. The company’s net worth stands at ₹743.07 lakh, and EBITDA at ₹398.04 lakh.

The Objective of The Issue

The funds from the IPO will be used to meet the working capital needs and for general corporate purposes.

Peers of Ideal Technoplast Industries Ltd.

Mold-Tek Packaging Ltd.

Time Technoplast Ltd.

Tpl Plastech Ltd.

Evaluation

The IPO is priced at ₹121 per share. The P/E ratio, based on FY 2024's EPS of ₹23.29, is 5.20x. For the last three years' weighted EPS of ₹2.18, the P/E ratio is 55.46x.

IPO’s Strengths

Diverse range of rigid plastic packaging solutions.

Advanced manufacturing technologies.

High customer retention.

Experienced management team.

IPO’s Weaknesses

Reliance on a few states for major revenue.

Dependence on a limited number of suppliers.

Negative cash flows in recent fiscal years.

Ideal Technoplast Industries IPO GMP Today

As of today, the IPO GMP is ₹0.

Promoters And Management

The promoters include Mr. Prafulbhai Karshanbhai Vaghasia, Mrs. Vaishnavi Prafulbhai Vaghasiya, and others.

IPO Lead Managers

Swastika Investmart Ltd.

Dividend Policy

The company has not declared dividends since its incorporation.

Conclusion

Forcas Studio Ltd. is launching an SME IPO worth Rs. 37.44 crore, a significant step for the company that has been a key player in the Indian men's apparel market since its founding in April 2010. The IPO is a book-built issue, and the company plans to list on NSE and SME on August 26, 2024.

About Forcas Studio Ltd.

Forcas Studio Ltd . specializes in men's apparel, offering a wide range of products including boxers, t-shirts, jeans, trousers, and sportswear. The company operates under brands like "FTX," "Tribe," and "Conteno," and sells its products through major online platforms such as Flipkart, Myntra, Amazon, and Ajio. With over 15,000 pin codes served and a presence in 500+ large-format stores across India, Forcas Studio has established a strong market presence.

IPO Details

The Forcas Studio IPO is set to open on August 19, 2024, and close on August 21, 2024. The price band for the IPO is Rs. 77 to Rs. 80 per share, with a total issue size of 4,680,000 shares. Retail investors are allocated 35.03% of the issue, with institutional and non-institutional investors getting 49.96% and 15.01% respectively.

Financial Overview

As of February 29, 2024, Forcas Studio Ltd. reported total assets of Rs. 12,379.43 lakh and a PAT of Rs. 553.31 lakh. The company has shown consistent revenue growth, reaching Rs. 9,648.78 lakh in total revenue for the same period.

Investment Objectives

The funds raised through the SME IPO will be used for warehouse improvements, repayment of secured loans, and meeting working capital requirements.

Key Highlights

IPO Date: August 19 - August 21, 2024

Listing Date: August 26, 2024

Issue Size: Rs. 37.44 crore

Price Band: Rs. 77 - Rs. 80 per share

Lot Size: 1600 shares

Conclusion

Brace Port Logistics IPO, an SME IPO, is a book-built issue worth ₹24.41 crore by Brace Port Logistics Ltd., established in November 2020. The company provides ocean cargo logistics services across various economic sectors.

Brace Port Logistics also offers specialized cargo services, including handling goods in foreign countries, air freight, warehousing, and customs clearance. The company serves clients in industries like pharmaceuticals, electronics, and automotive in Bangladesh, Hong Kong, Vietnam, Germany, and the UAE.

Brace Port Logistics IPO, scheduled to launch on August 19, 2024, comprises a fully fresh issue of 30.51 lakh shares, with a price band of ₹76 to ₹80 per share. Retail investors are allocated 35%, institutional investors 50%, and non-institutional investors 15%.

Key Financials:

Revenue (FY 2024): ₹5,524.59 lakh

PAT (FY 2024): ₹489.13 lakh

Total Assets (FY 2024): ₹2,783.29 lakh

This SME IPO is set to close on August 21, 2024, with the expected listing date on August 26, 2024, on NSE and SME platforms. The company's revenue has declined, but the IPO offers potential for investors, especially with its competitive P/E ratio of 13.49x compared to the industry average of 25.50x.

Interarch Building Products Ltd. is launching its IPO with a price band of Rs.850 to Rs.900 per share, aiming to raise Rs.600.29 crore. This Mainboard IPO opens on August 19, 2024, and closes on August 21, 2024. The company, established in 1983, is a leader in pre-engineered steel construction solutions in India, offering comprehensive services from design to on-site project management.

With a 6.1% market share in FY2023 and an annual installed capacity of 141,000 met-tons as of March 31, 2023, Interarch Building Products is well-positioned in the PEB sector. The IPO includes a fresh issue of Rs.200 crore and an offer for sale worth Rs.400.29 crore. The listing is set for August 26, 2024, on the BSE and NSE.

Aditya Birla Sun Life Mutual Fund has introduced the "Aditya Birla Sun Life Nifty India Defence Index Fund," India’s second Defence Index Fund. This open-ended equity scheme aims to replicate the Nifty India Defence TRI. The New Fund Offer (NFO) is available from August 09 to August 23, 2024, with an initial price of Rs. 500 and an Exit Load of 0.05% for units redeemed within 30 days.

Following the recent launch of the Motilal Oswal Nifty India Defence Index Fund, Aditya Birla Sun Life’s NFO taps into the growing interest in the defence sector.

Key NFO Details

This fund is designed for investors seeking long-term capital appreciation by investing in equities related to the Nifty India Defence Total Return Index. The scheme carries a very high-risk profile, and there's no guarantee that its investment goals will be achieved.

The fund will allocate 95-100% of its assets to equities underlying the Nifty India Defence Index, and 0-5% to debt and money market instruments, including cash and cash equivalents.

Minimum Investment: Rs. 500 and in multiples of Rs. 1

NFO Start Date: August 09, 2024

NFO End Date: August 23, 2024

Exit Load: 0.05% if redeemed within 30 days

Benchmark: Nifty India Defence Total Return Index

How to Invest Post-NFO

Missed the NFO? You can still invest in this scheme after it reopens within 5 business days following the NFO closure. Simply log in to your Demat account and search for “Aditya Birla Sun Life Nifty India Defence Index Fund” or invest directly with the AMC.

Investment Objective

The fund aims to achieve returns that closely match the Nifty India Defence Total Return Index before expenses, subject to tracking errors. However, there's no assurance that the scheme's investment objectives will be met.

Who Should Invest?

Saraswati Saree Depot Ltd, a well-established player in the Indian women's clothing sector since 1996, is launching a Mainboard IPO worth ₹160.01 crore. The Saraswati Saree Indian Textile Industry, primarily focused on the saree market, also deals in various women's clothing items, including lehengas, kurtis, dress materials, and blouse pieces. As a B2B wholesaler, Saraswati Saree Depot sources its products from over 900 vendors and weavers across India.

Indian Saree Market Outlook

India ranks as the 3rd largest exporter of textiles and clothing globally. The saree industry in India has grown at a CAGR of 3-4% from FY 2018 to FY 2020 and is expected to expand at a CAGR of 5-6%, reaching an estimated value of ₹625-₹650 billion by FY 2028.

Saraswati Saree Depot IPO Overview

The Saraswati Saree Depot IPO, scheduled to open on August 12, 2024, comprises a fresh issue of 0.65 crore shares worth ₹104 crore and an Offer for Sale (OFS) of 0.35 crore shares amounting to ₹56.02 crore. The IPO is priced between ₹152 to ₹160 per share, with 35% of the shares allocated to retail investors, 50% to institutional investors, and 15% to non-institutional investors. The anticipated listing date is August 20, 2024, on BSE and NSE.

Financial Performance

Saraswati Saree Depot Ltd has shown consistent growth, with total revenue rising to ₹612.58 crore and Profit After Tax (PAT) increasing by 28.52% in FY 2024. The company’s EBITDA stands at ₹41.14 crore, reflecting robust financial health.

| Financial Year | Total Assets (₹ Crore) |Total Revenue (₹ Crore) |PAT (₹ Crore) |Net Worth (₹ Crore) |

|-------------------|----------------------------|-----------------------------|-------------------|-------------------------|

| 2024              | 205.93                      | 612.58                       | 29.52             | 64.90                   |

| 2023              | 188.85                      | 603.52                       | 22.97             | 35.38                   |

| 2022              | 169.93                      | 550.31                       | 12.31             | 12.41                   |

Revenue Breakdown

The company’s revenue primarily comes from saree sales, accounting for over 90% of its total revenue. The Kolhapur store contributes the majority of revenue.

IPO Strengths

- Diverse client and supplier base

- Extensive product range

- Strong purchasing power

- Experienced management team

- Established supplier and client relationships

IPO Weaknesses

- Heavy reliance on the saree market

- Geographical concentration of operations in Maharashtra

- Limited direct access to end consumers

- Highly competitive and fragmented market

- Seasonal business impact

GMP & Timetable

The latest Grey Market Premium (GMP) for Saraswati Saree Depot IPO is ₹20. The IPO will run from August 12 to August 14, with allotment on August 16 and listing on August 20.

IPO Details

- Face Value: ₹10 per Share

- Issue Price: ₹152 to ₹160 per Share

- Issue Size: 10,000,800 Shares (₹160.01 crore)

- Lot Size: 90 Shares

- Listing: BSE, NSE

- Lead Manager: Unistone Capital Pvt Ltd

Investment Insights

The IPO’s P/E ratio ranges from 17.93x to 21.65x, indicating potential undervaluation compared to the industry average of 46.57x. This could make the IPO an attractive option for investors looking for value in the textile sector.

Conclusion