Dilip Davda: Jio Lists at a 21% Premium and Lights Up the Market, BLS Polymers Steals the Subscription Show
By Dilip Davda After a long run of losing weeks, the market has finally given some relief. The week started on a negative note and moved both ways. It still closed with a good weekly gain, which belied the fears of a nervous week. Jio’s debut brings cheers The bigContinue Reading
Vedant Poly Fabs NSE SME IPO: Should You Consider Applying?
The ₹56.68 crore IPO is priced at ₹88–₹94 per share. Dilip Davda examines the packaging company’s profit margins, financial performance and valuation. VPFL is engaged in the manufacturing of flexible packaging materials and also in trading activities. It is operating in a highly competitive and fragmented segment. Its higher netContinue Reading
Maxwell Engineering Solutions NSE SME IPO: Should You Consider Applying?
The precision engineering company’s ₹57.64 crore IPO is priced at ₹150–₹158 per share. Dilip Davda assesses its profitability, valuation and business prospects. MESL is engaged in the business of manufacturing, trading and servicing critical components for underwater pelletizing systems. Its current mix of revenue is 90% global and 10% domestic.Continue Reading
Antala Industries IPO Review: Fully Priced Issue
Antala Industries (AIL) is in the business of manufacturing, processing, printing, laminating and supplying comprehensive range of industrial and commercial packaging products. There has been some garble in the offer document data for EPS/NAV info. The company is operating in a highly competitive and fragmented segment. It posted growth inContinue Reading
This Market Index Was Up 34% in FY27. Then October Happened.
On September 30, 2026, the Nifty IPO Index closed the month 1.08% higher. Three weeks into October, that index is down approximately 11% from its September 30 close, giving back a meaningful chunk of the gains it had held through FY27. For most of FY27, the Nifty IPO Index —Continue Reading
Vedant Poly Fabs NSE SME IPO: Price, GMP, Dates and Financials
The ₹56.68 crore IPO opens on November 2 at ₹88–₹94 per share. The flexible packaging manufacturer plans to use fresh capital for working capital, debt repayment and machinery. Vedant Poly Fabs Ltd. is entering the primary market with a ₹56.68 crore initial public offering comprising a fresh issue and anContinue Reading
Johnsoncab Electricals BSE SME IPO: Should You Consider Applying?
The ₹56.02 crore offering is priced at ₹190–₹200 per share. Dilip Davda examines the cable manufacturer’s growth, profit margins and valuation. JEL is engaged in the business of manufacturing low voltage wires and cables needed for power infrastructure. The company marked growth in its top and bottom lines for theContinue Reading
Johnsoncab Electricals BSE SME IPO: Price, GMP, Dates and Financials
The ₹56.02 crore issue is priced at ₹190–₹200 per share. The Gujarat-based cable manufacturer plans to expand its factory infrastructure and production capacity. Johnsoncab Electricals Ltd. is raising ₹56.02 crore through an initial public offering of 28,00,800 equity shares. The issue opened on October 30, 2026, and closes on NovemberContinue Reading
HGS (India) NSE SME IPO: Should You Consider Applying?
Dilip Davda examines the seismic equipment manufacturer’s earnings, valuation and business prospects. HGS (India ) Ltd is engaged in the business of manufacturing geophones, geophone strings, seismic cables, geophysical connected and parts and accessories for the said segment. While it marked inconsistency in its top lines, its bottom line improvedContinue Reading
Vectras Enprocon BSE SME IPO: Should You Consider Applying?
VEL is an EPC company providing its services to midstream and downstream segment of oil and gas industry. It marked steady growth in its top and bottom lines for the reported periods. Its unexecuted order book stood at Rs. 183+ cr. as of September 30, 2026. Based on its recentContinue Reading
Maxwell Engineering Solutions IPO Details: Price Band, GMP, Issue Dates and Financials
The ₹57.64 crore NSE SME IPO is open from October 30 to November 3, 2026. The precision engineering company plans to use the proceeds for manufacturing expansion, working capital and debt repayment. Maxwell Engineering Solutions Ltd has launched its ₹57.64 crore initial public offering, with shares priced between ₹150 andContinue Reading
Vectras Enprocon IPO Details: Price Band, GMP, Issue Dates and Financials
The ₹53.05 crore BSE SME IPO opened for subscription on October 30, 2026, and will close on November 3. The issue comprises a fresh issue of equity shares and an offer for sale. Vectras Enprocon Ltd., a Gujarat-based engineering, procurement and construction (EPC) company serving the oil and gas industry,Continue Reading