Sealmatic India IPO Analysis

Sealmatic India Limited is engaged in the business of designing and manufacturing of mechanical seals and associated products. The Mechanical seals manufactured by the company are mainly used in pulp & paper, Oil & Gas, refinery, petrochemical, chemical, fertilizer, power, mining, aerospace, marine, pharmaceutical, and other industrial spaces. Sealmatic India manufactures customized seals in order to meet […]

LIC Upcoming IPO – All You Need To Know

Life Insurance Corporation of India Limited (“LIC” or the “Company”) has been providing life insurance in India for more than 65 years and is the largest life insurer in India, with a 64.1% market share in terms of premiums. The Company is the largest asset manager in India as at September 30, 2021, with AUM […]

Adani Wilmar IPO – Subscribe

Adani Wilmar Limited (“Adani Wilmar” or the “Company”) is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. The Company offer a range of staples such as wheat flour, rice, pulses and sugar. Its […]

Nykaa IPO Note – Another Digital Business Commanding Premium Valuation

FSN E-Commerce Ventures Limited (“Nykaa” or the “Company”) is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The Company has a diverse portfolio of beauty, personal care and fashion products, including its owned brand products manufactured by it. Online: Its online channels include mobile applications, websites and mobile sites. […]

Will Upcoming IPOs Continue to Deliver Stellar Returns?

The primary market has been in strong action since the beginning of this year. The IPO momentum has been strong this year. More than 40 companies have raised record amounts via their initial public offerings thus far. The Companies have raised Rs. 84778.16 Cr. as against the cumulative issue size of Rs. 71908.55 Cr. The […]

Draft Red Herring Prospectus (DRHP) and the IPO Procedure in India

I have long been convinced that not more than 0.1% of retail investors look at the (Draft Red Herring) Prospectus (the DRHP) before applying for shares in an IPO. As a lawyer (and an Attorney) who spent 6 years drafting these documents, this has never been a happy realisation. I wrote things which nobody liked to read. This […]

E-Commerce Companies – Why Valuations and Future Plans Matter

A man once discovered a large treasure consisting of an unquantifiable amount of gold and diamonds buried under his house. He started digging and realized that at some point the entire treasure will come out of the earth. To make most of the situation and the frenzy created by his discovery he decided to invite […]

Investing in IPOs – Valuation or the Share Price?

Lately, I have been getting some questions on investing in IPOs. This morning, it just occurred to me that despite working on IPOs and drafting offer documents for 5 years of my life, I have not written a single post about it. Just goes to show how much you ignore things that you know the […]