Kaun Kharid Raha Hai Aur Kaun Nahi?
Yaar, is IPO mein na, sabka alag-alag response hai. Bade Institutions (QIBs) ne toh apna quota 1.28 times bhar diya hai, aur Non-Institutional Investors (NIIs) bhi peeche nahi hain, unka 0.93 times tak subscribe ho gaya. Par jab hamare retail investors ki baat aati hai, toh unhone bas 0.15 times hi apply kiya hai. Matlab, bade players ko company ka future dikh raha hai, jo debt kam karke apne finances strong karna chahti hai.
Sector Kaisa Hai Aur Valuation Kitna?
Company agrochemical sector mein hai, jahan 2030 tak 13% ki saalana growth expected hai, aur market $13 billion cross kar jayega 2031 tak. IPO ka price range ₹304 se ₹320 ke beech hai, matlab company ki valuation lagbhag ₹1,489 crore ho sakti hai upper band par. Yeh PI Industries (P/E ~30.4x) aur UPL Ltd (P/E ~23.94x) ke muqable reasonable lagta hai, par Dhanuka Agritech ke aas paas hai.
Risk Kya Hai Aur Brokerage Kya Kehte Hain?
Company IPO se milne wale ₹170 crore se apna debt chukana chahti hai. Sector mein growth hai, par El Niño ki wajah se 2026 mein monsoon kamzor reh sakta hai, jisse demand par asar pad sakta hai. Aur haan, IPO ka Grey Market Premium (GMP) abhi ₹0 hai, matlab flat listing ke chances hain. Kuch brokerage firms jaise BP Equities aur Marwadi Financial Services 'subscribe' karne ko keh rahe hain, par SBI Securities ka kehna hai ki valuation thoda zyada hai. Retail investors shayad isi wajah se hesitate kar rahe hain, plus recent IPOs bhi theek perform nahi kar rahe.
Final Word?
Ab dekhna hoga ki March 18, 2026 tak subscription numbers kaise rehte hain. Listing March 24, 2026 ko hogi, aur uska performance aaj ke institutional support par depend karega.