On the first day of bidding, gNG electronics iPo has been completely subscribed, while the retail segment of indicube spaces IPO has also taken full Successfully completed within a day or two. As Investors Contemplate which IPOS to Select, Expert Harshal Dasani, Business Head at Invasset PMS, Believes Both Indqube and GNG Electronics Offer Attractive Options in the IPO market.
According to Harshal Dasani, Indicube is a Scale-Driven Workspace Platform With 8.4 Million Sq. ft. Under Management Across 115 Centers in 15 Cities. Its fY25 ebitda margin of 60% is amon the highest in the segment, even ahead of listed peers like AWFIS and Smartworks. However, it remains loss-making at the pat level with a 14 Crore Net Loss Projected for FY25.
At a post-life Valuation of Around 5,000 Crore, Indqube is priced at ~ 4x Ev/Sense -Rich, Especially in the context of its unproven path to profitability and raining Capex Commitments.
Talking about GNG Electronics, Dasani said that in contrast, is entering the market with a profit-fIRST story. With fy25 revenue at 1,420 Crore (24% Yoy Growth) and Net Profit of 69 Crore, the company is already operating with a pat margin of ~ 4.9% and a 30% roe.
The IPO Values It at Around 2,700 Crore, Implying A P/E of ~ 39x – Justifiable Given its Leadership in the refurbished electronics space, Global Footprint Across 38 Countries, and Five Deedicated Refurbishing Countries. It also has a cleaned use of procaeds: 320 Crore Toward Debt Repayment, Aiding Deleveragging and Margin EXPANSION.
According to Harshal, Early Subscription Trends Show Higher Institutional Interest in GNG Compared to Indicube, Possibly Reflected Investor Appmete for Asset-Light, Profitable Models in Nichet Scalable sector.
“INDIQOBE HAS Marquee Clients and Investor Backing But Demands A Longer Gestation Period for Rerating, Hinging on Execution and Cash Flow Generation. Compounding, Backed by a Formalizing Circular Economy Theme and Rising Demand for Affordable Electronics.
For Investors Balancing Near-Term Comfort with long-term scalability, GNG stands out as the more immediative options, while indichube suits these with Horizon, “said dasani.
Let’s take a look at the green market premium trends:
IPO GMPS
INDIQOBE Spaces IPO Gmp Today
INDIQOBE Spaces IPO GREY Market Premium is +23. This indicates Indicates Spaces Share Price Was Trading at a Premium of 23 in the green market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of indichkube spaces share price was indicated at 260 apiece, which is 9.70% higher than the IPO price of 237.
Analyzing the green market activities from the Past Seven Sessions, The Current IPO GMP is on an upward trend and is anticipated to have a solid listing. The minimum gmp recorded is 0.00, while the maximum gmp stands at 40, as stated by experts from investorgin.com.
GNG Electronics IPO Gmp Today
GNG Electronics IPO GREY Market Premium is +105. This indicates gNG electronics share price was trading at a premium of 105 in the green market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of geng electronics share price was indicated at 342 Apiece, which is 44.30% higher than the IPO price of 237.
In the past six sessions, green market activities have shown an upward trend, and today’s iPo Gmp Indicates a promising listing. The minimum gmp recorded is 71.00, while the maximum gmp reaches 105, as per experts from investorgin.com.
‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.
Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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