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Mint
05-08-2025
- Business
- Mint
Laxmi India Finance share price gains after poor listing, still trades below IPO price. What should investors do?
Laxmi India Finance share price recovered some of losses during Tuesday's trading session following a disappointing debut, although it continued to trade below the initial listing price. Shares of Laxmi India Finance, a non-banking financial company, debuted at a discount of 14% relative to the issue price of ₹ 158. The stock opened at ₹ 136, reflecting a decrease of 13.92% compared to the issue price on the BSE. At 13:50 IST, the stock was trading at ₹ 137.40 apiece. On the NSE, the stock dropped 12.96% to ₹ 137.52 during the initial trading session. The company's market capitalisation was recorded at ₹ 741.42 crore on the NSE. The initial public offering (IPO) of Laxmi India Finance was oversubscribed 1.85 times by the closing day of the share sale on Thursday. Before that, Laxmi India Finance announced it had secured over ₹ 75 crore from anchor investors. Laxmi India Finance IPO price band was set in the range of ₹ 150-158 per share. As stated by Arun Kejriwal, the founder of Kejriwal Research and Investment Services, Laxmi India listing was a disaster. Consequently, the stock has declined by approximately ₹ 20, which is around 12.77%; not much was anticipated, nor should anything significant be expected from current levels. If you participated in the offering and were unfortunate enough to acquire shares, you have the option to either sell at this point or wait for the forthcoming quarterly results. However, for one's own safety, it would be better to put a stop loss somewhere at a lower level so that the losses don't widen beyond a normal level. According to Avinash Gorakshakar, a SEBI-registered research analyst,Laxmi India, an NBFC finance company largely funding MSMEs and based in Jaipur, has not got a favourable listing, as markets perceived the valuation to be rich as compared to other players and would prefer to wait for some strong performance ahead, only after which the stock will get repeated ahead. Further, Harshal Dasani, Business Head, INVasset PMS, added that investors should also consider the macro context. With RBI unlikely to cut rates immediately and cost of funds elevated, smaller NBFCs with high-yield lending books may face NIM pressure. Laxmi's return profile — ROE ~15% — is respectable, but not enough to justify premium valuations in this environment. Until the company demonstrates consistent growth, diversified funding, and scalability across geographies, the stock may stay range-bound. For now, the listing price looks like a ceiling, not a floor. Long-term potential exists — but patience and proof of execution are key. Laxmi India Finance IPO consists of a new issue of 1.04 crore equity shares and a promoters' offer for sale of 56.38 lakh shares. The total size of the IPO is estimated at ₹ 254.26 crore at the highest end of the price range. Funds raised from the new issue will be utilized to strengthen its capital base to support future lending needs and for various corporate purposes. PL Capital Markets is the exclusive lead manager for the IPO. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
04-06-2025
- Business
- Mint
Scoda Tubes share price hits 5% upper circuit after flat listing. Should you, buy, hold or sell?
Scoda Tubes share price was locked in at 5% upper circuit on Wednesday after the stock made a flat debut in the Indian stock market. Scoda Tubes shares jumped 5% from its listing price to a high of ₹ 146.95 apiece on the BSE. Scoda Tubes shares made a flat debut on Dalal Street as the stainless-steel tubes and pipes manufacturer's stock was listed at ₹ 140 per share, which is equal to its issue price of ₹ 140 per share. The stock declined after the listing and fell to an intraday low of ₹ 136.00 apiece on the BSE. However, buying momentum in Scoda Tubes shares intensified, and the stock jumped as much as 4.96% from its listing price to freeze at upper circuit of ₹ 146.95 apiece. Scoda Tubes IPO listing date was today, 4 June 2025. Amid high volatility here's what analysts suggest for Scoda Tubes shares after listing: Commenting on the listing performance, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, 'This was an unusual listing. Despite strong oversubscription, the shares listed flat and then fell before hitting the upper circuit. This indicates poor screen management and serves as a reminder to investors who rely heavily on grey market premiums (GMPs). The GMP can often be misleading, and in this case, the euphoria around the IPO quickly faded.' Since the IPO proceeds are earmarked for capital expenditure, which will take at least 12 months to show results, investors should consider exiting and booking whatever profits are available in the short term, Kejriwal added. Scoda Tubes is currently valued at a price-to-earnings (P/E) ratio of 30.43x and a price-to-book (P/B) ratio of 8.76x based on FY24 financials—broadly in line with industry peers. Mahesh M Ojha, AVP – Research and Business Development at Hensex Securities Pvt Ltd, suggests a more patient approach. 'Investors who were allotted shares during the IPO may consider holding Scoda Tubes for the medium to long term,' he said. At 1:20 PM, Scoda Tubes share price was still locked at 5% upper circuit of ₹ 146.95 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
03-06-2025
- Business
- Mint
Prostarm Info Systems share price trades flat after decent stock market debut. Should you buy, hold or sell?
Prostarm Info Systems share price made a decent debut in the Indian stock market today as the stock was listed with a premium. On BSE, Prostarm Info Systems share price began trading at ₹ 125 per share, a 19.05% premium to the issue price of ₹ 105. On NSE, Prostarm Info Systems share price was listed with a 14.29% premium at ₹ 120 apiece. The initial public offering (IPO) of power solution products maker Prostarm Info Systems was launched on May 2, Prostarm Info Systems IPO listing date was today, June 3. Prostarm Info Systems IPO listing was better than the Street estimates as the Prostarm Info Systems IPO GMP or grey market premium ahead of debut was around 11%. As Prostarm Info Systems shares have now been listed, here's a look at what analysts suggest. According to Arun Kejriwal, founder of Kejriwal Research and Investment Services, Prostarm Info Systems has delivered a stronger performance than what was indicated by the grey market ahead of its listing. 'Prostarm Info Systems' IPO objectives were not short-term in nature, but focused on medium- to long-term growth. Accordingly, the benefits from this issue will also unfold over the medium to long term,' said Kejriwal. He noted that as the company begins to declare its financial results, investors will have the opportunity to evaluate its performance and potentially reinvest. 'At this point, there is no need for investors to buy the stock at a 20% premium to the issue price. It would be wiser to wait for better opportunities,' he added. For those who have already bought the shares, Kejriwal suggested booking profits and waiting for the stock to consolidate. 'This IPO witnessed strong subscription, and part of the listing gains can be attributed to the euphoria generated during the subscription phase,' he said. Prostarm Info Systems Well-Positioned for Long-Term Growth: Avinash Gorakshakar Commenting on the prospects of Prostarm Info Systems, Avinash Gorakshakar, Head of Research at Profitmart Securities, said the company is well-placed for long-term success. 'Prostarm is a promising player in the power solutions space, catering to several key sectors including defence, aerospace, power, railways, and BFSI. The company has a strong promoter profile with the right skill sets to scale up operations effectively. Overall, it is well-positioned to perform strongly over the long term,' he said. Read Prostarm Info Systems Share Price Live Updates here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
