Sep. 11 at 6:00 AM
👋 Hello Investors!
Here’s our quick take on the upcoming IPOs:
📌 Urban Company IPO – GMP around 34%, showing healthy demand. The brand is strong, with ₹1,144 crore revenue in FY25 (38% YoY growth) and just turned profitable with ₹240 crore net profit. Valuation is rich at ~65× P/E, so profitability is still a challenge. FIS View: Possible listing gains, and worth considering for the long-term story as India’s home services market expands.
Urban company looks more promising for listing gains.
📌 Shrinagar House of Mangalsutra IPO – GMP near 16%. Niche jewellery focus, strong margins, but scale is limited. FIS View: Expect moderate listing gains, better considered as a long-term thematic play on India’s wedding economy.
📌 Dev Accelerator IPO – GMP close to 13%. Startup incubation is a hot theme, but valuations look aggressive. FIS View: Small listing pop possible, but high-risk. Only suitable for investors with long-term patience and higher risk appetite.
💡 Overall FIS Take: Urban Company looks the most promising. Shrinagar can be considered for a mix of listing and long-term exposure. Dev is speculative — enter only with caution.
$DEVACCELERATOR.P
$SHRINAGAR.P
$UONE
$NIFTY50.NSE
$NIFTYBANK.NSE
