Successful Listing of 1st week of July 2024 SME IPOs

The Indian SME (Small and Medium Enterprises) IPO market has seen a variety of companies listing recently, each bringing unique business models and market potential. This article compares the listing performance, business models, and future prospects of the following SME IPOs: 

1. Mason Infratech IPO

Listing Date & Performance

- Listing Date: July 1, 2024
- Issue Price: ₹ 64 per share
- Listing Price: ₹ 88 per share (37.5% premium)
- Subscription: 32.89 times

Business Model

- Industry: Real Estate Construction
- Focus: Residential and commercial buildings in the Mumbai Metropolitan Area.
- Specialization: New and redevelopment projects.

Scope of Business

Mason Infratech has a strong presence in the Mumbai Metropolitan Area, offering comprehensive construction services. The company’s recent performance and robust order book indicate a promising future in urban development projects.

2. Visaman Global Sales IPO

Listing Date & Performance

- Listing Date: July 1, 2024
- Issue Price: ₹ 43 per share
- Listing Price: ₹ 45.1 per share (2% premium)
- Subscription: 40 times

Business Model

- Industry: Steel and Construction Materials
- Focus: Pipes, structural steels, roofing, and wall PUF panels.
- Clients: Dealers for APL Apollo Tubes and serves various regions in North India.

Scope of Business

Visaman Global Sales has a significant presence in supplying construction materials, with potential for growth in manufacturing and regional expansion.

3. Sylvan Plyboard IPO

Listing Date & Performance

- Listing Date: July 1, 2024
- Issue Price: ₹ 55 per share
- Listing Price: ₹ 66 per share (20% premium)
- Subscription: 84 times

Business Model

- Industry: Wood Products Manufacturing
- Focus: Plywood, block boards, flush doors, veneer, and sawn timber.
- Dealer Network: 223 authorized dealers across 13 states.

Scope of Business

Sylvan Plyboard’s wide product range and established dealer network provide a stable platform for growth in the construction and interiors market.

4. Shivalic Power Control IPO

Listing Date & Performance

- Listing Date: July 1, 2024
- Issue Price: ₹ 100 per share
- Listing Price: ₹ 311 per share (221% premium)
- Subscription: 257.24 times

Business Model

- Industry: Electrical Panels Manufacturing
- Specialization: Quality, design, and product development in electric panels.

Scope of Business

Shivalic Power Control’s focus on technological advancement and quality positions it well for growth in the industrial and infrastructure sectors.

5. The Money Fair (Akiko Global Services) IPO

Listing Date & Performance

- Listing Date: July 2, 2024
- Issue Price: ₹ 77 per share
- Listing Price: ₹ 98 per share (27% premium)
- Subscription: N/A

Business Model

- Industry: Financial Services Distribution
- Focus: Credit cards, loans, ERP solutions, TeleCRM.

Scope of Business

Akiko Global Services leverages advanced algorithms for credit evaluation, with strong partnerships with major banks and NBFCs, indicating potential for significant growth in financial services.

6. Divine Power Energy IPO

Listing Date & Performance

- Listing Date: July 2, 2024
- Issue Price: ₹ 40 per share
- Listing Price: ₹ 155 per share (288% premium)
- Subscription: 394 times

Business Model

- Industry: Electrical Components Manufacturing
- Focus: Copper and aluminum wires, strips insulated with various materials.
- Clients: TATA Power, BSES, and other power corporations.

Scope of Business

Divine Power Energy’s specialization in high-demand electrical components and strong client base highlight its potential for continued success in the energy sector.

7. Petro Carbon and Chemicals IPO

Listing Date & Performance

- Listing Date: July 2, 2024
- Issue Price: ₹ 171 per share
- Listing Price: ₹ 300 per share (75.4% premium)
- Subscription: 92 times

Business Model

- Industry: Calcined Petroleum Coke Production
- Focus: Aluminium, steel, and other carbon-based products manufacturing.

Scope of Business

Petro Carbon and Chemicals, as part of the ATHA Group, has a strategic position in the carbon industry, with strong demand for its products in aluminium and steel manufacturing.

 8. Diensten Tech IPO

Listing Date & Performance

- Listing Date: July 3, 2024
- Issue Price: ₹ 100 per share
- Listing Price: Not provided
- Subscription: 3.47 times

Business Model

- Industry: IT Services
- Focus: Professional resourcing, IT consultancy, training, and Software AMC.

Scope of Business

Diensten Tech’s comprehensive IT solutions and consultancy services offer potential for growth in the rapidly expanding tech sector.

9. Nephro Care India IPO

Listing Date & Performance

- Listing Date: July 5, 2024
- Issue Price: ₹ 90 per share
- Listing Price: ₹ 171 per share (90% premium)
- Subscription: 715.85 times

Business Model

- Industry: Healthcare Services
- Focus: Clinical and lifestyle solutions, renal insufficiency treatment.

Scope of Business

Nephro Care India’s specialized healthcare services and strong market demand position it for significant growth in the healthcare sector.

Conclusion

Among the analyzed IPOs, Divine Power Energy and Shivalic Power Control stand out with their high listing premiums and strong market performance. Divine Power Energy’s robust client base and product specialization, along with Shivalic Power Control’s technological focus and quality, suggest these IPOs offer the most promising prospects for investors. However, each company has unique strengths and market positions that could lead to future growth, making them all worthy of consideration depending on the investor’s sector preference and risk tolerance.