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Sotefin Bharat IPO

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GMP is an informal figure from outside SEBI's framework. Not investment advice.

About this issue

Sotefin Bharat listed at +9.6% against its issue price of ₹187. The book is 3.99 times subscribed overall. The grey market premium is +₹3 (+1.3%), which is an informal figure and not a quoted price. Our call is Risky, on 75% of our checks.

Segment: SME
Price: ₹187
Lot size: 600 shares
One lot costs: ₹1,12,200
Issue size: ₹85 Cr
Grey market premium: +₹3 (+1.3%)
Subscribed: 3.99x
Listed at: +9.6%
Our call: Risky

What we checked

Profitable in the latest yearPAT ₹17.37 Cr
Profit grew year on yearPAT +54%
Revenue grew year on yearRevenue +26%
Borrowing under half of net worthDebt/net worth 0.31
Return on net worth above 15%RoNW 27.0%
Post-issue P/E under 40P/E 19.6
Price to book under 6P/B 4.7
Majority is fresh capital100% fresh issue
Promoters keep at least half45.7% held post-issue
Anchor investors participatedAnchor book placed
Overall book more than 10× covered4.0× overall

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

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