Every NSE Emerge and BSE SME issue we have studied, each read from its offer document: what the company does, its numbers, why it is raising money, who is selling and the risks it lists. For open and upcoming issues the table shows the lot size and the value of one lot at the upper band; each study states the minimum application its prospectus sets.
3 studies · updated every morning · a first reading of the document, not investment advice
Bidding is on; the subscription figure is the exchange's latest.
The one thing to understand: This is a single-fuel retail business that depends on three suppliers for 99.75% of its LPG and on a group company for most of its transport. Its growth comes from adding stations: 16 at the start of FY24 and 22 at the end of FY26.
Read the studyPrice band and dates announced; bidding has not started.
The one thing to understand: A fleet business growing by adding trucks, with profit up faster than revenue; against that, two tax proceedings against the company involve ₹2,714.94 lakh, about 2.2 times FY26 profit.
Read the studyThe one thing to understand: Very large revenue on a very thin margin, concentrated in one client. EBITDA was 1.17% of revenue in FY26, and ₹27,310.06 lakh of revenue came from a single client.
Read the studyMarket cap is all shares after the issue at the upper end of the band; P/E is that market cap divided by FY26 profit. Both are arithmetic from the prospectus, worked in each study with its pages, not a view on the price.