Recently Some IPOs Have Provided A Real Taste Of Investment

Recently Some IPOs Have Provided A Real Taste Of Investment

  • September 17, 2021
  • Business & Economy

Platinum Business Services’ IPO-  Platinum Power Wealth Advisors Private Limited is a well known company for providing customer acquisition special business process management services corporate. The company offers its services in several industries including fast manufacturing goods, real estate, furniture, insurance, and consumer durables, etc. it also offers lead conversion, customer care, channel management, lead generation and loyalty program through their Call Centers. Company has its nodal office in Maharashtra and its arms are in Delhi and Kolkata. Many big clients like Lodha group, Reliance Nippon are attached with it. It has listed its IPO for Platinum Business Services.

 

Why bidders chosen it?

It has strict delivery record of quality standards with quality services. Its management team and technical team, both are adept in their tasks. Its skilled IT professionals and good infrastructure provides quality results. It also gives happy and productive environment to its employees. Mr. Amey Narendra Saxena, Mr. Ratul Lahiri, and Mr. Vivek Yogendra Kumar are the company promoters. IPO was opened on Sep 2, 2021 and closed on Sep 7, 2021. It was a fixed price issue category IPO, having face value of ?10 per equity share and price offered was ?92 per equity share. A market lot 1200 Shares was for bid. 422,400 equity shares of ?10

, aggregating up to ?3.89 Cr were introduced. The issue may list on Sep 16, 2021.

 

Let’s look at the financial status of the company- you can see company has faced loss in the year 2021, so it has released its IPOs for funding the working capital requirements company

 and for general corporate purpose. A retail-individual investor could apply for up to 1 lot (1200 shares or ?110,400).

 

 

31-Mar-21

31-Mar-20

31-Mar-19

Total Assets

1,399.13 lakhs

1,409.06 lakhs

1,154.90  lakhs

Total Revenue

2,020.80  lakhs

2,618.00 lakhs

1,839.24 lakhs

Profit After Tax

107.55 lakhs

204.32  lakhs

175.66  lakhs

As per experts’ estimation, Platinum Business Services IPO was subscribed 2.99x times on Sep 7, 2021 05:54. The public issue subscribed 2.65x in the retail category, in the QIB category, and 3.34x in the NII category. So, Qualified Institutional Buyers have shown great enthusiasm for it.

 

 

Aashka Hospital IPO- An IPO of a hospital captivates the interest of buyers as hospitals have played pivotal role recently in our lives. A Gujarat-based hospital is an integrated healthcare service provider that offers the best quality of healthcare facilities including prevention, best treatment, and rehabilitation. It serves a range of healthcare services i.e. Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more. Amid COVID-19, it has set up a designated COVID-19 Treatment hospital and treated more than 2000 patients.

 

Why investors’ interest was expected?

It has been in service of people for a very long period and trustworthy institution for people. From surgery to complex treatments, it has veteran doctors for all. It is certified by National Accreditation Board for Hospitals and Healthcare Providers and a part of Ayushman Bharat.

Its IPO was opened on Aug 10, 2021 and closed on Aug 24, 2021. It is a Fixed Price Issue IPO having face value of ?10 per equity share, 121 Rs per equity share. 8,400,000 equity shares of ?10, aggregating up to ?101.64 Cr with fresh issue of 5,400,000 equity shares of ?10, aggregating up to ?65.34 Cr was introduced. The issue may list on Sep 1, 2021.

 

Let’s look at the financials of the hospital- Experts’ say that- it has made enormous profits in the year 2021, but its growth potential is unsustainable for future. Because the pandemic period is over now, people are getting back to their works, now a days, hospitals are just limited to providing vaccinations, so no huge upcoming revenue is expected in this sector. Still, it has listed its IPO for the repayment/ prepayment of borrowings fully or partially. Also it is funding inorganic growth initiatives.

 

 

31-Mar-21

31-Mar-20

31-Mar-19

Total Assets

6,508.14 lakhs

6,004.73 lakhs

5,405.18 lakhs

Total Revenue

4,069.23 lakhs

2,725.14 lakhs

2,772.55 lakhs

Profit After Tax

411.39 lakhs

137.91 lakhs

136.27 lakhs

 

How it performed- it was subscribed 1.30x with QIB showing nill interest 0.0x and NII subscribed it 2.02x times and RII 0.75x times. There was a low demand subscriptions from investors for it.

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