Comparing with peers like AU Small Finance Bank and Ujjivan Small Finance Bank which are trading 5.1(x) and 1.8(x) QQFY21 P/BVPS respectively, LKP Securities believes that Equitas Small Finance Bank is lucrative.
Analysts expect a flat listing following a tepid response from qualified institutional buyers that forced the company to extend the closing date for the IPO.
The Rs 2,160-crore public issue of UTI AMC witnessed 2.31 times subscription, the lowest among IPOs launched this year.
The Rs 444-crore initial public offering of the defence company was subscribed 157.4 times during September 29-October 1, the highest subscription by any IPO in 2020
Though the company is one of the largest retail broking houses in India in terms of active clients, it disappoints on the valuation front, Manali Bhatia of Rudra Shares says.
Experts feel the rising competition in the broking industry and muted response to the IPO with nearly 4 times subscription could be the reasons behind Angel Broking trading at a discount.
Manali Bhatia of Rudra Shares & Stock Brokers and Astha Jain of Hem Securities feels the listing premium could be 29-35 percent.
Prashanth Tapse of Mehta Equities expects a 'spectacular' debut in the Rs 680-730 range when Chemcon Speciality lists on October 1.
At the upper price band of Rs 145, Mazagon Dock issue is available at a P/E of 6.1x which is at a significant discount to its peers, Geojit Financial Services feels.
UTI generates its revenue mainly from asset management activity primarily comprised of fee-based income such as management fees, marketing fees and investor services fees, among others.
All brokerages recommended subscribing to the public offer citing incremental growth in market share in terms of active clients, consistent addition in customer base, increased retail participation in capital markets after pandemic.
Brokerages advise subscribing to the issue citing company's consistent financial performance, leading position in pharma chemicals globally, healthy balance sheet and improving outlook for the sector
CAMS is the dominant player in a two-player MF RTA industry, with 70 percent market share.
The cloud communication services provider will list on bourses on September 21 and the final issue price is fixed at Rs 350 per share.
Analysts expect Route Mobile to debut with a hefty premium when it is listed on bourses on September 21.
Happiest Minds Technologies has fixed final issue price at Rs 166 per share, the upper end of price band of Rs 165-166
The Rs 600-crore public issue witnessed strong subscription of 73.3 times during September 9-11.
Route Mobile IPO price band was fixed at Rs 345-350 per share. The issue will remain open till September 11
Prashanth Tapse of Mehta Group believes Happiest Minds IPO offer gives investor a unique opportunity to own a digital product engineering company.
Rossari Biotech's public issue that consisted a fresh issue of Rs 50 crore and offer for sale of 1.05 crore equity shares by promoters closed with 79.37 times subscription on July 15
While the valuation may appear high, experts point to the company's strong financial performance, lean balance sheet and plans to double capacity over the next year, which, they say, will boost growth.
With equities falling for three-weeks on the trot, market participants do not see a blockbuster listing on March 16
The shareholding of State Bank of India and CA Rover in SBI Card reduced to around 70 percent and 16 percent respectively post issue.
The Rs 10,340-crore public issue of SBI Card received stupendous response from investors and was oversubscribed by 26.54 times during March 2-5.
On valuation front, Choice Broking also said at a higher price band, Antony Waste was demanding an P/E multiple of 29.6x, which is at a premium to the peer average of 25.3x.