Latest news with #SouravChoudhary
Economic Times
3 days ago
- Business
- Economic Times
Aditya Infotech shares rally 8% on trading debut. What should investors do?
Aditya Infotech, the CP PLUS parent, made a stellar debut on the bourses with a 51% premium over its IPO price. While analysts flagged near-term valuation concerns, trading at ~52x FY25 earnings, they remain optimistic about long-term prospects, citing strong brand equity, a wide distribution network, and rising demand for AI-driven surveillance. Investors are advised to accumulate on dips. Tired of too many ads? Remove Ads Listing surpasses grey market expectations Tired of too many ads? Remove Ads 'After the euphoria': What should investors do? Verdict: Company Fundamentals and Growth Outlook Tired of too many ads? Remove Ads Shares of surveillance tech firm Aditya Infotech surged as much as 8% on their stock market debut on Tuesday, delivering strong gains to IPO investors and surpassing pre-listing expectations. The performance prompted market participants to weigh near-term valuation risks against the company's long-term structural potential, as analysts flagged stretched valuations and recommended selective accumulation following the listing stock opened at Rs 1,018 on the BSE, a 50.8% premium to its issue price of Rs 675, and at Rs 1,015 on NSE, reflecting a 50.4% debut gain. It rose further during the session, hitting an intraday high of Rs 1,095 on BSE and Rs 1,094 on NSE, translating to gains of around 7.6%–7.8% over the opening listing performance surpassed the last grey market premium (GMP) of Rs 305, which implied an expected listing gain of around 45.2%. Aditya Infotech is now the most successful Indian IPO of 2025 by listing gain, edging past GNG Electronics, which debuted last month at a 49.8% Rs 1,300 crore IPO included a Rs 500 crore fresh issue and a Rs 800 crore offer for sale. The issue received a strong response from investors, with total subscription reaching 106.23 times, led by QIBs (140.5x), followed by non-institutional investors (75.93x) and retail investors (53.81x).Ahead of the issue, Aditya Infotech raised Rs 582.3 crore from anchor investors.'The CP PLUS parent and a leading player in India's electronic security space delivered a spectacular stock market debut, listing at over Rs 1,015—up 51% from its IPO price of Rs 675. But after the initial euphoria, investors are now asking a more fundamental question: Is there value at current levels?' said Sourav Choudhary, Managing Director at Raghunath Capital.'At the listing price, Aditya Infotech trades at a P/E multiple of ~52x FY25 projected earnings—a notable premium to peers in the hardware and surveillance equipment space. While its brand strength, wide distribution network, and government-aligned product portfolio justify a valuation premium, the current price leaves limited room for near-term upside unless growth exceeds expectations,' he expect the company's earnings to grow at a CAGR of 22–25% over the next three years, driven by smart city projects, public sector demand, and increasing adoption of home-security Choudhary cautioned that import dependence on China and the risk of margin compression remain key concerns. 'Any forex volatility or policy changes around electronics sourcing could impact profitability,' he these risks, Choudhary sees long-term potential in the stock. 'Many view Aditya Infotech as a structural play on India's security-tech upcycle, with room to scale through product innovation, direct-to-retail expansion, and AI-integrated surveillance solutions.''While short-term investors may look to book partial profits post-listing, long-term investors could consider accumulating on dips—particularly if the stock cools toward the Rs 940–980 range, aligning valuations more closely with sustainable earnings growth,' Choudhary Infotech is India's largest provider of video surveillance equipment, operating under its flagship brand CP PLUS. It has a presence in over 550 cities, supported by a vast network of 1,000+ distributors and 2,100 system integrators. Its product lineup includes IoT-enabled home cameras, AI-driven surveillance systems, and industrial-grade security FY25, the company reported a net profit of Rs 351 crore on revenue of Rs 3,123 crore, reflecting a 205% year-on-year surge in profit. IPO proceeds are earmarked for Rs 375 crore in debt repayment, with the rest allocated to general corporate read | Aditya Infotech shares soar 51% on debut, biggest IPO listing gain of 2025
Mint
01-08-2025
- Business
- Mint
Shanti Gold share price extends gains after decent listing. Should you buy, hold or sell?
Shanti Gold share price extended gains after making a decent debut in the Indian stock market on Friday. Shanti Gold IPO listing date was today, 1 August 2025, and the equity shares of the company are listed on BSE and NSE. Shanti Gold International shares were listed at ₹ 229.10 apiece on the BSE, a premium of 15.12% to the issue price of ₹ 199 per share. The stock gained further momentum after listing and jumped over 4% to hit a high of ₹ 238.40 per share. On NSE, Shanti Gold shares were listed with a 14.35% premium at ₹ 227.55 apiece. It rallied 4.75% from its listing price to touch a high of ₹ 238.36 apiece. The initial public offering (IPO) of the gold jewellery manufacturer Shanti Gold International saw strong demand and was subscribed 81.17 times in total. With a decent listing, Shanti Gold IPO investors are witnessing profit of around 19%. Shanti Gold International share listing was in line with the Street estimates. Shanti Gold IPO GMP today, or grey market premium today, ahead of the listing indicated share debut with around 17%-18% premium. Here's what investors should do after a strong listing of Shanti Gold International shares. Shanti Gold IPO listing was broadly in line with market expectations, with a 14–15% premium over its issue price. 'Shanti Gold listing reflects the strength of its fundamentals, yet tempered by near-term valuation constraints. The company has delivered robust top-line growth and expanding margins over FY24–25, which are encouraging signs of execution strength in an otherwise fragmented and price-sensitive jewellery industry,' said Sourav Choudhary, Managing Director – Raghunath Capital. From a medium- to long-term perspective, he views Shanti Gold as a structurally attractive player given its full in-house manufacturing, modern CAD-driven design capability, and its strong positioning in the B2B export segment. However, he remains mindful of key risks, particularly its single-location dependency in Mumbai, gold price volatility, and stretched IPO valuations at ~25.7x FY25 earnings. 'As institutional investors, our positioning would be calibrated: we'd prefer accumulating at or below IPO levels if broader markets correct. The planned Jaipur expansion and formalisation of India's gold trade could offer structural tailwinds in the coming 2–3 years. In summary, Shanti Gold is a fundamentally solid company in a cyclical sector. Long-term investors with moderate risk appetite may consider staggered exposure post-listing volatility. Tactical traders may already have seen most of the listing gains priced in,' Choudhary said. Shanti Gold IPO opened on July 25 and closed on July 29. The IPO allotment was finalised on July 30, and the Shanti Gold IPO listing date is today, 1 August 2025. Shanti Gold International shares were listed on both the stock exchanges - BSE and NSE. At 1:40 PM, Shanti Gold share price was trading at ₹ 230.80 apiece, higher by 15.98% than its issue price, and up by 0.74% from its listing price 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.
Economic Times
01-08-2025
- Business
- Economic Times
Shanti Gold International shares rise 5% on trading debut. What should investors do?
Shanti Gold International listed at a 14-15% premium on Friday, slightly below grey market expectations. Shares rose up to 5% intraday, offering modest IPO gains. Analysts highlighted strong fundamentals and growth, but cautioned about stretched valuations and sector risks. Experts suggest long-term investors adopt a staggered approach post-listing, while traders may have already realised most of the short-term upside. Tired of too many ads? Remove Ads Listing pop underwhelms grey market buzz Tired of too many ads? Remove Ads What should investors do? Tired of too many ads? Remove Ads Shares of Shanti Gold International advanced as much as 5% on their stock market debut on Friday, delivering modest gains to IPO investors but falling short of pre-listing expectations, prompting market participants to weigh whether the rally has further room to Mumbai-based 22kt CZ casting gold jewellery maker opened at Rs 229.10 on BSE, a 15% premium to its issue price of Rs 199, and at Rs 227.55 on NSE, reflecting a debut-day pop of 14.35%. The stock climbed as high as Rs 238.40 on BSE and Rs 238.36 on NSE, translating to an intraday gain of around 4.8% on the NSE and 4.1% on the the listing was in positive territory, it trailed the grey market's expectations of a 17% premium. In the unofficial grey market ahead of its listing, Shanti Gold shares were commanding a grey market premium of around Rs 34 per share, higher than the actual premium seen on the first day of Rs 360.1 crore IPO, which ran from July 25 to 29, was entirely a fresh issue, with no offer-for-sale component, priced in a fixed band of Rs 189-199 per share. Ahead of the main offer, Shanti Gold raised Rs 108.03 crore from 15 anchor investors, including Societe Generale, Wealthwave Capital Fund, and Swyom India Alpha company plans to deploy Rs 46.3 crore from the proceeds to set up a new manufacturing facility in Jaipur, Rs 200 crore towards working capital, Rs 17 crore for debt repayment, and the remainder for general corporate Gold currently operates with an annual installed capacity of 2,700 kg and has seen strong financial traction. Its FY25 revenue rose 55.5% year-on-year to Rs 1,106.41 crore, while profit after tax more than doubled to Rs 56 crore from Rs 27 crore in on the listing, Sourav Choudhary, Managing Director at Raghunath Capital, said the debut was 'broadly in line with market expectations, with a 14-15% premium over its issue price, reflecting the strength of its fundamentals, yet tempered by near-term valuation constraints.'The company's rapid revenue growth and margin improvement over FY24-25 are 'encouraging signs of execution strength in an otherwise fragmented and price-sensitive jewellery industry,' he highlighted Shanti Gold's fully integrated manufacturing model and CAD-driven design capabilities as key factors that give it a strategic edge in the B2B export market. However, he also flagged several risks, including the firm's dependence on a single production facility in Mumbai, gold price volatility, and a 'stretched IPO valuation at ~25.7x FY25 earnings.''As institutional investors, our positioning would be calibrated: we'd prefer accumulating at or below IPO levels if broader markets correct,' Choudhary said. 'The planned Jaipur expansion and formalisation of India's gold trade could offer structural tailwinds in the coming 2–3 years.'Choudhary concluded, 'Shanti Gold is a fundamentally solid company in a cyclical sector. Long-term investors with moderate risk appetite may consider staggered exposure post-listing volatility. Tactical traders may already have seen most of the listing gains priced in.'As the post-listing dust settles, investors are expected to monitor the company's Jaipur expansion plans, gold price trends, and its ability to sustain margins in a competitive market. For now, the stock's future trajectory may hinge more on long-term execution than on immediate upside.
Time of India
01-08-2025
- Business
- Time of India
Shanti Gold International shares rise 5% on trading debut. What should investors do?
Shares of Shanti Gold International advanced as much as 5% on their stock market debut on Friday, delivering modest gains to IPO investors but falling short of pre-listing expectations, prompting market participants to weigh whether the rally has further room to run. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Project Management Digital Marketing Data Science Data Analytics others Product Management CXO Public Policy Finance Degree Technology healthcare Others Data Science MCA MBA PGDM Design Thinking Leadership Healthcare Management Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search ads Search Now Undo The Mumbai-based 22kt CZ casting gold jewellery maker opened at Rs 229.10 on BSE, a 15% premium to its issue price of Rs 199, and at Rs 227.55 on NSE, reflecting a debut-day pop of 14.35%. The stock climbed as high as Rs 238.40 on BSE and Rs 238.36 on NSE, translating to an intraday gain of around 4.8% on the NSE and 4.1% on the BSE. Listing pop underwhelms grey market buzz While the listing was in positive territory, it trailed the grey market's expectations of a 17% premium. In the unofficial grey market ahead of its listing, Shanti Gold shares were commanding a grey market premium of around Rs 34 per share, higher than the actual premium seen on the first day of trading. The Rs 360.1 crore IPO, which ran from July 25 to 29, was entirely a fresh issue, with no offer-for-sale component, priced in a fixed band of Rs 189-199 per share. Ahead of the main offer, Shanti Gold raised Rs 108.03 crore from 15 anchor investors, including Societe Generale, Wealthwave Capital Fund, and Swyom India Alpha Fund. Live Events The company plans to deploy Rs 46.3 crore from the proceeds to set up a new manufacturing facility in Jaipur, Rs 200 crore towards working capital, Rs 17 crore for debt repayment, and the remainder for general corporate purposes. Shanti Gold currently operates with an annual installed capacity of 2,700 kg and has seen strong financial traction. Its FY25 revenue rose 55.5% year-on-year to Rs 1,106.41 crore, while profit after tax more than doubled to Rs 56 crore from Rs 27 crore in FY24. What should investors do? Commenting on the listing, Sourav Choudhary, Managing Director at Raghunath Capital, said the debut was 'broadly in line with market expectations, with a 14-15% premium over its issue price, reflecting the strength of its fundamentals, yet tempered by near-term valuation constraints.' The company's rapid revenue growth and margin improvement over FY24-25 are 'encouraging signs of execution strength in an otherwise fragmented and price-sensitive jewellery industry,' he said. Choudhary highlighted Shanti Gold's fully integrated manufacturing model and CAD-driven design capabilities as key factors that give it a strategic edge in the B2B export market. However, he also flagged several risks, including the firm's dependence on a single production facility in Mumbai, gold price volatility, and a 'stretched IPO valuation at ~25.7x FY25 earnings.' 'As institutional investors, our positioning would be calibrated: we'd prefer accumulating at or below IPO levels if broader markets correct,' Choudhary said. 'The planned Jaipur expansion and formalisation of India's gold trade could offer structural tailwinds in the coming 2–3 years.' Choudhary concluded, 'Shanti Gold is a fundamentally solid company in a cyclical sector. Long-term investors with moderate risk appetite may consider staggered exposure post-listing volatility. Tactical traders may already have seen most of the listing gains priced in.' As the post-listing dust settles, investors are expected to monitor the company's Jaipur expansion plans, gold price trends, and its ability to sustain margins in a competitive market. For now, the stock's future trajectory may hinge more on long-term execution than on immediate upside. Also read | Shanti Gold International shares list with 15% premium over IPO price ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
30-07-2025
- Business
- Mint
Indiqube Spaces share price slips further 7% after weak listing. Should you buy, sell or hold?
Indiqube Spaces made a weak debut on Dalal Street today, July 30, as the stock listed at a 9% discount at ₹216 apiece on the NSE, compared to the issue price of ₹237. On the BSE, it opened 7.7% lower at ₹218. Following the poor listing, the stock slipped further to ₹201.60, down 6.7% from its listing price and 15% below the IPO price. At 12:30 p.m., the stock was trading at ₹211.09 apiece. Analysts said the weak listing was due to the issue being fully priced, leaving little incentive for investors to participate, even though the company's long-term prospects appear optimistic. Sourav Choudhary, Managing Director, Raghunath Capital, said the muted debut of Indiqube Spaces, which listed nearly 8–9% below its issue price, reflects market skepticism around valuation and the absence of near-term profitability. According to Choudhary, for short-term investors, the lack of listing gains and subdued grey market sentiment offer little incentive to enter at current levels, and any upside in the near term is likely to be speculative rather than fundamentally driven. Choudhary added that from a long-term investment perspective, Indiqube's business model remains relevant in a post-COVID world where flexible, managed workspaces are gaining traction. He highlighted that the company's strong EBITDA margins and focused enterprise clientele offer scalability potential, particularly if it can diversify beyond its heavy Bengaluru concentration. Choudhary suggested that investors with a 3–5-year horizon and a higher risk appetite may consider staggered exposure, preferably on price corrections, as the company works toward profitability. "We are maintaining a 'Neutral to Selective Long-Term Accumulate' stance on Indiqube Spaces, with a close watch on its quarterly performance, cost structure, and expansion strategy beyond southern markets," said Sourav. About Indiqube Spaces Indiqube Spaces is a managed workplace solutions company offering comprehensive, sustainable, and technology-driven workplace solutions dedicated to transforming the traditional office experience. Its diverse solutions range from providing large corporate offices (hubs—i.e., the main office of their clients where key functions, leadership teams, and primary operations are based, typically located in a central or strategic area) to small branch offices. The company focuses on transforming the workplace experience of employees by combining interiors, amenities, and a host of value-added services that go beyond standard workspace leasing. These services include amenities, green initiatives, designed interiors, and B2B and B2C solutions ranging from facility management, sale of goods, asset maintenance, and plantation to catering and transportation services for employees of their clients, as well as technology applications. These offerings are provided through contracts with clients occupying spaces within their centers or with third-party clients ('VAS'). 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.
