Sampark India Logistics IPO

About this issue

Sampark India Logistics listed at +6.0% against its issue price of ₹84. The book is 3.47 times subscribed overall. The grey market premium is +₹3 (+3.0%), which is an informal figure and not a quoted price. Our call is Risky, on 67% of our checks.

Segment

SME

Price

₹84

Lot size

1,600 shares

One lot costs

₹1,34,400

Issue size

₹26 Cr

Grey market premium

+₹3 (+3.0%)

Subscribed

3.47x

Listed at

+6.0%

Our call

Risky

What we checked

• Profitable in the latest yearPAT ₹6.32 Cr
• Profit grew year on yearPAT -28%
• Revenue grew year on yearRevenue -24%
• Margin not collapsingPAT margin 4.4% vs 4.1%
• Borrowing under half of net worthDebt/net worth 0.89
• Return on net worth above 15%RoNW 23.3%
• Post-issue P/E under 40P/E 12.2
• Price to book under 6P/B 2.0
• Majority is fresh capital100% fresh issue
• Promoters keep at least half71.9% held post-issue
• Anchor investors participatedAnchor book placed
• Overall book more than 10× covered3.5× overall
• Lead manager above segment medianFinshore Management Services Ltd.: 46 past issues, +19% avg vs +8% segment median

2 further checks could not be judged, because the issue did not disclose enough. They count neither for nor against.