Speaking of the company, it was incorporated in December 18, 1978 It is an engineering company that today 40+ years of experience IN designs, manufactures, and supplies hydraulic fittings for many different industrial uses.today the company has over 11,000 SKUs (Stock Keeping Units) available.
Let’s talk about the Company Positives and Negetives:
positives: (1), they hold certificates from DRDO (Defence Research and Development Organisation) and the Indian Railways, which you might not be aware of. The Railway certificate was received in Financial Year (FY) 2023. The DRDO certificate helps them secure defense-related projects.
(2), If we talk about the company’s steel prices, even if you look at the company’s negatives, you will find a point stating that steel price volatility impacts them. However, in reality, the impact is not as major as it is made out to be. In fact, this is actually a positive because the company takes monthly purchase orders from its customers. The pricing is decided immediately based on the current cost of the raw material. Therefore, the claim that fluctuations—such as steel prices crashing or skyrocketing—will heavily impact the company is incorrect; the actual impact on the company is not that big.
(3) :The company’s third biggest positive point is its financial data.
The valuation is very good
Market Cap: Rs 502 crores
ROE (Return on Equity): 20.24%
ROCE (Return on Capital Employed): 20.40%
Debt to Equity Ratio: 0.24
PE Ratio: 19.63%
EPS (Earnings Per Share): Rs.2.70%
EBITDA MARGIN: 22.01%
PAT MARGIN:11.68%
Promoter Holding Before IPO: 97.99%
Promoter Holding After IPO: 71.23%
The Negatives:: The Negatives: (1) Here, the money that the company has allocated is for expansion. Additionally, the company will also use the money received from the IPO for its expansion. However, the existing money that the company already has has not been fully utilized yet.
(2), as of today, the company’s dependence on the USA accounts for 21.42% of its total revenue, which is a significant allocation. We should be aware of this. Also, the profit has doubled in the last 2 years.
Let’s talk about the important dates for this IPO:
IPO Open Date: 24th August 2026 IPO End Date: 27th August 2026
Allotment Date: 28th August 2026
Refund/Shares Credit: 31st August 2026
Listing Date: 01st September 2026
IPO Size & Lots:
The total size of the IPO is Rs 136 crores.
Fresh Issue: ₹60 crores.Offer for Sale (OFS): Rs.76 crores.
Price Band: Rs.50 to Rs.53 per share.
Retail Lot Size: 1 lot (283 shares) = ₹14,999.
Small HNI Lot Size: 14 lots (3962 shares) = ₹2,09,986.
Big HNI Lot Size: 67 lots (18961 shares) = ₹10,04 ,933.
Investor Quota: Retail gets 35%, HNI gets 15%, and QIB gets the remaining 50%
Market Premium & Demand:
The Grey Market Premium (GMP) is currently running at More then 35%. If the GMP stays stable like this, we can expect a very good over-subscription for this IPO.
Talk to your financial advisor before applying for an IPO. I am not SEBI-registered, and I shared this information based only on my own knowledge.