Why?

The supply is tiny. The company is raising just ₹130 crores from the public. But the demand is massive. On its very first day, the IPO has already been oversubscribed more than 150 times.

This creates a classic lottery situation. There are far too many applications chasing far too few shares.

Your chance of getting an allotment doesn’t depend on your research, but on pure luck in a computerized draw.

So the real question becomes: should you apply for Highway Infrastructure IPO?

1. Highway Infra IPO: Chances of Allotment

Here’s the data that shows why getting an allotment will be so difficult.

2. Highway IPO GMP & Potential Listing Gain

Every lottery has a grand prize. For the Highway IPO, that prize is fueled by a powerful market indicator: the Grey Market Premium (GMP).

This is the unofficial price at which shares are being traded before they are even listed. It’s the clearest sign of how much of a “pop” the market expects on listing day. Let’s break down the exact potential profit that has investors so excited.

GMP Trend: The Hype is Accelerating

The GMP isn’t just high; it’s rapidly increasing, showing that demand is snowballing as more people learn about the opportunity.

Calculating Your Potential Profit on One Lot

So, what does a ₹40 GMP mean for your wallet if you win the allotment lottery? Let’s do the simple math, assuming you apply for one lot at the upper price band.

• Your Total Investment: 211 Shares × ₹70 per Share = ₹14,770
• Your Potential Profit (Based on GMP): 211 Shares × ₹40 GMP per Share = ₹8,440
• Potential Listing Price: ₹70 (Issue Price) + ₹40 (GMP) = ₹110 per Share
• Return on Your Investment: (₹8,440 Profit / ₹14,770 Investment) × 100 = ~57.1%

Key Takeaway:

A potential profit of over ₹8,400 on an investment of less than ₹15,000—with your money only being blocked for about a week—is an extraordinary potential return. This is the “grand prize.” This is the reason why millions of applications are flooding the system for a handful of available lots.

It’s a compelling prize, but the odds of winning are low. In the next section, we’ll look at those odds more closely.

3. Highway IPO Subscription Status: A Deeper Look

We’ve established that the allotment odds are low. Now, let’s look at the official subscription data to understand exactly who is driving this unprecedented demand. This tells us a story about the market’s confidence.

Live Subscription Figures

In short, the data paints a picture of a retail-led frenzy, backed by overwhelming HNI and QIB interest.

4. The Highway IPO Application Process: Understanding Blocked Funds

What does it ‘cost’ to apply for the Highway IPO?

The application is free. The only real cost is time, having your money blocked for about a week. Here’s a breakdown of the process and timeline.

How it Works (ASBA via UPI)

When you apply on your brokerage app, you will receive a UPI mandate for ₹14,770.

After you approve this, the money is not debited from your account. It is simply blocked by your bank until the allotment is finalized. This is known as the Application Supported by Blocked Amount (ASBA) process.

Timeline: When Your Money Gets Unblocked

This table shows the key dates for the IPO process. Your funds will be blocked from the day you apply until the allotment is finalized i.e. 5-6 days.

As you can see, you should expect your money to be blocked for approximately one week.

The Opportunity Cost

The real ‘price’ of applying is the opportunity cost. For that week, your blocked ₹14,770 cannot be used for any other trades. For active traders who need daily liquidity, this is a key consideration. For most casual investors, it’s a minor inconvenience for a chance at a huge prize.

5. Final Verdict: Is It Worth Applying for the Highway IPO?

So, we have a classic dilemma.

On one hand, there’s the spectacular prize: a potential ~57% return in about a week.

On the other hand, there are the daunting odds: a less than 5% chance of actually getting the shares, a number that will only get smaller.

How do you decide?

Let’s simplify it. The decision is not about the company’s long-term future. It is a straightforward cost-benefit analysis of playing a lottery.

• The Benefit: The potential reward is exceptional. An ~₹8,400 profit on a ₹14,770 investment is a rare opportunity.
• The Cost: The cost is minimal. Your money is blocked for one week with zero application fees.

Given this equation, here is our final verdict for different types of investors.

For the Vast Majority of Retail Investors:

YES, it is absolutely worth applying.

The financial upside is so disproportionately high compared to the minor inconvenience of blocked funds that it’s a logical choice. Think of it as a free lottery ticket with a massive prize. If you don’t win the allotment, you lose nothing but a few days of access to your capital.

For Active Traders:

IT DEPENDS on your capital needs.

If you are a high-frequency trader who needs every rupee of your capital for daily F&O margins or swing trades, the opportunity cost of blocking ~₹15,000 might be too high. For you, this is a business decision about capital allocation, not just a lottery ticket.

Frequently Asked Questions (FAQs)

Q1: Can I apply multiple times to increase my chances?

No. Multiple applications from the same PAN number will be rejected. To increase a household’s chances, you can apply from the unique Demat accounts of different family members (e.g., yourself, your spouse, your parents).

Q2: When is the expected listing date for the Highway IPO?

Based on the current timeline, the IPO is expected to list on the stock exchange on Tuesday, August 12, 2025.

Q3: What should I do if I get an allotment?

This depends on your goal. Given the high GMP, many will choose to book profits on listing day. Investors with a long-term view on the infrastructure sector might choose to hold a portion of their shares.

The post Highway Infrastructure IPO: Good or Bad? [150x Subscription, 51% GMP] appeared first on Mobodaily.

The wait is almost over!

The results for the massive NSDL IPO are expected to be released late tonight (August 4th).

We’ve got the direct link to the official registrar, Link Intime, and a simple guide on how to check your status using your PAN card.

Find out in minutes if you were allotted shares in the backbone of India’s stock market.

How to Check Your NSDL IPO Allotment Status

The official registrar for the NSDL IPO is Link Intime India Pvt Ltd. The status will be updated on their official website later this evening.

Direct Link to Check Allotment: Click Here for Link Intime Allotment Status

Step-by-Step Guide (Using PAN Card):

1. Click on the direct link provided above.
2. From the dropdown menu, select “National Securities Depository Ltd”. (Note: This option may not appear until the status is officially live tonight).
3. The page will default to the PAN option. Enter your 10-digit PAN Number accurately.
4. Enter the security Captcha code shown on the screen.
5. Click the “Submit” button.

Your allotment status will then be displayed on the screen.

Frequently Asked Questions (FAQ)

Q: The NSDL option isn’t in the list yet. What does that mean?

A: It means the allotment status is not yet live. The data is usually uploaded between 7 PM and 11 PM on the allotment date. Keep checking the link periodically.

Q: What does “No records found” mean after I submit?

A: Unfortunately, this means you were not allotted any shares in the IPO.

Q: I wasn’t allotted shares. When will I get my refund?

A: The refund process and the unblocking of your funds will begin on August 5th. You should see the amount back in your account by the evening of August 5th or the next day.

1. NSDL IPO: Key Dates and Details*

2. What is NSDL and Why is it Important?

Most investors have never interacted with NSDL directly, yet it plays a critical role in every single stock market transaction. So, what exactly is it?

2.1. Think of NSDL as the high-security digital “Locker” or “Bank” for all your shares.

When you buy shares of a company like Reliance or TCS, you don’t get a physical paper certificate anymore. Instead, NSDL holds those shares for you electronically in your Demat account. They ensure your shares are safe, secure, and can be transferred instantly when you decide to sell.

In India, this vital function is handled by just two government-regulated entities: NSDL and CDSL.

This duopoly means there is almost zero competition, creating a massive protective “moat” around their business that is nearly impossible for newcomers to penetrate.

As India’s first and largest depository, NSDL is a titan of the industry.

Investing in its IPO isn’t just buying a company’s stock; it’s like buying a piece of the core infrastructure that powers India’s entire capital market system.

3. NSDL vs. CDSL: A Head-to-Head Comparison

To truly understand if the NSDL IPO is a good opportunity, we must compare it to its only rival, the already-listed CDSL. Here’s how the two stack up based on official filings and recent market data:

3.1. The Market Share Battle: Value vs. Volume

• NSDL: The Institutional Giant (Leader by Value) NSDL is the undisputed king when it comes to the value of assets held. It manages an astronomical ~₹511 Lakh Crore in Assets Under Custody (AUC). This is because it is the preferred depository for high-value institutional clients like FIIs, Mutual Funds, and large corporations.
• CDSL: The Retail Champion (Leader by Volume) CDSL, powered by its partnerships with discount brokers, dominates the retail space. It holds a staggering ~15.9 Crore Demat accounts, compared to NSDL’s ~4 Crore accounts. Its strength lies in its vast number of individual investors.

This creates a clear picture: NSDL holds the value, while CDSL holds the volume.

3.2. Financial Performance & Valuation

3.3. The Conclusive Verdict: NSDL or CDSL?

After digging into the numbers, here’s the ultimate takeaway.

While NSDL is the bigger company by the sheer value of assets it holds, CDSL is actually the more profitable company, with a much higher profit margin.

Crucially, the NSDL IPO is priced at a valuation (~46.6x P/E) that is almost identical to CDSL’s current market price.

3.3.1. What This Means for You:

This IPO isn’t a discount. It’s a fairly priced entry into the market’s foundational “whale.” You’re not getting a bargain, but you are getting a solid, stable business at a price the market thinks is right.

The choice is yours:

• NSDL: The stable, high-value, institutional leader.
• CDSL: The hyper-profitable, retail-focused champion.

For long-term stability, the NSDL IPO is a solid ‘Subscribe’

4. Strengths and Risks of the NSDL IPO

Like any investment, the NSDL IPO has clear advantages and potential downsides. For a last-minute decision, it’s crucial to understand both sides of the coin. Here’s a balanced look.

(We’ll start with a summary table for quick scanning)

Key Strengths (The Bull Case)	Key Risks (The Bear Case)
Market Leader in a Duopoly	100% Offer For Sale (OFS)
Critical Financial “Utility”	Premium Valuation (~47x P/E)
Stable, Scalable Business Model	Performance Tied to Market Health
Consistent Financial Growth	Subject to Regulatory Changes

4.1. Key Strengths Explained

• Market Leader in a Duopoly: This is NSDL’s biggest advantage. With only one other competitor (CDSL), the barriers to entry for any new company are almost impossibly high. This protects their business and profits.
• Critical Financial Infrastructure: NSDL is not just a company; it’s a utility for the stock market. It’s an essential service that the entire financial system relies on, providing incredible stability.
• Stable & Scalable Business: As the Indian stock market grows and more people invest, NSDL’s revenue naturally grows with it, without needing massive new investments.
• Consistent Financials: NSDL has a proven track record of growing its revenue and profits steadily over the years.

4.2. Key Risks & Concerns Explained

• Premium Valuation: While it’s cheaper than its peer CDSL, a P/E ratio of ~47x is still not cheap. You are paying a premium price for the company’s stability and market position.
• Market-Linked Performance: NSDL’s revenue is linked to market activity. A prolonged bear market could lead to fewer transactions and slower growth.
• Regulatory Risks: Being a critical market intermediary, NSDL is always under the purview of SEBI. Any changes to regulations or fee structures could impact its business.

4.3. Understanding the 100% Offer For Sale (OFS)

This is a crucial point for retail investors. In this IPO, the company itself is not raising any new money. The entire ₹4,011 crore is going to the existing shareholders (like major banks and institutions) who are selling part of their stake.

This means the funds aren’t being used for NSDL’s future growth or expansion. While this is common for mature, profitable companies that don’t need fresh capital, it’s an important factor to know before you invest.

5. The Final Verdict: So, What Should You Do?

Let’s cut to the chase and answer the questions you’re likely asking right now.

“So, should you apply? What’s the final call?”

The verdict for you: NSDL IPO is a strong ‘Subscribe’ candidate if you are a long-term investor.

“What makes it a good choice for your portfolio?”

• You’re buying into a market leader that has almost no competition.
• You’re choosing a “safer” bet – a stable, foundational part of the entire stock market.
• You’re getting a better price. The IPO is valued more attractively than its only competitor, CDSL.

“Are there any catches you should be aware of?”

• Remember, this is a “buy and hold” stock, not a “get rich quick” lottery ticket. The primary benefit is long-term stability, not massive listing day fireworks.
• Also know that the IPO money goes to existing owners, not into the company for new projects.

Final Reminder: The application window closes Today 5 PM, August 1st!

6. How to Apply for the NSDL IPO (With Visuals)

6.1. Get Ready!

Before you start, make sure you have these two things ready to go:

1. A Demat & Trading Account (with a broker like Zerodha, Groww, etc.)
2. A UPI ID (from GPay, PhonePe, etc.) linked to your bank account.

6.2. Fill the Application

This is the easy part. Just follow these clicks:

1. Log in to your brokerage app and tap on the IPO Section.
2. Select “NSDL” from the list of open IPOs.
3. In the bid section: Enter 1 Lot (which is 18 shares). IMPORTANT: Check the box for “Cut-off Price”. This maximizes your chances of allotment!
4. Confirm your UPI ID and hit Submit.

6.3. The FINAL, Crucial Step!

Don’t forget this! Your application isn’t complete until you do this:

1. Open your UPI app (GPay, PhonePe, etc.).
2. You’ll see a payment request (mandate) for ₹14,400. You MUST APPROVE it.
3. The money will only be blocked in your account, not debited. It’s totally safe!

And that’s it! You’re all set. Now you just wait for the allotment news.

Conclusion: Your Final Takeaway

So, there you have it! The NSDL IPO is a rare opportunity to invest in the core engine of the Indian stock market.

Here’s the entire analysis, boiled down to three simple points:

• It’s a High-Quality Business: Think of it as a safe, foundational stock for your portfolio. It’s the market leader with almost no competition.
• The Price is Right: The IPO valuation is attractive, especially when you compare it to its only competitor, CDSL.
• It’s a Long-Term Play: This is an ideal stock for those looking to buy and hold a solid company for years to come.

The clock is ticking, and the final decision is yours. This is one of the most fundamentally strong IPOs to hit the market this year.

What’s your final call? Are you applying before the window closes tomorrow? Share your thoughts in the comments below!

(As always, this is our analysis for educational purposes. Please do your own research before investing. Happy investing!)

The post How to Check NSDL IPO Allotment Status with PAN Card (Link Intime Guide) appeared first on Mobodaily.

Thousands of retail investors applied, and the only question on everyone’s mind today is:

“Did I get the shares?”

This post has been updated with the latest information to help you find the answer. Below, you will find the direct link and a simple, step-by-step guide to check your CP Plus IPO allotment status right now.

Missed out on the CP Plus IPO? The NSDL IPO is closing soon! Read our full analysis here.

CP Plus (Aditya Infotech) IPO Allotment Status: Live Link & Guide

The wait is finally over! The allotment status for the CP Plus (Aditya Infotech) IPO is expected to be announced today, August 1st. Here is the direct link and a simple step-by-step guide to check if you have been allotted shares.

Direct Link to Check Allotment Status

The official registrar for the IPO is Link Intime India Pvt Ltd. You can check your status on their official website:

Click Here for Link Intime Allotment Status

Note: The company name “Aditya Infotech Ltd” might take a few hours to appear in the dropdown menu on the day of allotment. Keep checking.

You can follow me on X to get realtime updates:

• Twitter

Step-by-Step Guide to Check Your Status on Link Intime

1. Click on the direct link provided above.
2. From the dropdown menu under “Select Company,” choose “Aditya Infotech Ltd”.
3. Choose one of the three options to enter your details:
   • PAN Card (Easiest and most common)
   • Application Number
   • DP Client ID
4. Enter your details accurately in the selected field.
5. Enter the security Captcha code shown on the screen.
6. Click the “Submit” button.

Your allotment status will be displayed on the screen. It will either show the number of shares you have been allotted or a “No records found” message.

Frequently Asked Questions (FAQ)

This is the part the big news sites often forget.

Q: The website is slow or not opening. What should I do?

A: This is very common due to heavy traffic on allotment day. Please be patient and try refreshing the page after 15-20 minutes.

Q: What does it mean if it shows “No records found”?

A: Unfortunately, this means you were not allotted any shares in the lottery draw because the IPO was heavily oversubscribed.

Q: I wasn’t allotted shares. When will I get my money back?

A: The process of unblocking your funds (your refund) in your bank account will begin today. You should see the block removed from your account by this evening or the next business day at the latest.

1. Aditya Infotech IPO: At a Glance

For those in a hurry, here are all the essential details pulled directly from the company’s official Draft Red Herring Prospectus (DRHP).

The IPO is live right now, and today (July 30th) is the second day of the subscription window.

*Subscription data is compiled from major financial news outlets and is subject to change.

2. What is Aditya Infotech? The Powerhouse Behind CP Plus

So, what does this company actually do? To put it simply, Aditya Infotech is the dominant force in India’s video security and surveillance market.

They are the company behind the vast array of CP Plus products—from the CCTV cameras on our streets to advanced AI-based security systems for large enterprises.

2.1. Visualizing Their Market Leadership

Aditya Infotech isn’t just a participant in the market; it leads it.

The bar chart below, based on industry reports cited in their RHP, clearly illustrates their position as the largest single brand in India’s branded surveillance market:

Holding the largest single brand market share gives them a significant competitive advantage and highlights their strong presence in the Indian security landscape.

2.2. A ‘Make in India’ Story

This market leadership is further strengthened by their commitment to domestic manufacturing. Their facility in Kadapa, Andhra Pradesh, is the 3rd largest CCTV and surveillance equipment plant in the world, a testament to the ‘Make in India’ initiative and a key part of their growth story.

3. Strengths vs. Risks: The Balanced View

Every investment has two sides. Here is a quick summary of the bull and bear case for the Aditya Infotech IPO, followed by a more detailed explanation of each point. All information is based on the company’s official Draft Red Herring Prospectus (DRHP).

Strengths (The Bull Case)	Risks (The Bear Case)
Market Leader with 21% share	Aggressive valuation (high P/E ratio)
Powerful “CP Plus” brand recognition	FY25 Profit inflated by a one-time gain
World-class ‘Make in India’ manufacturing	High dependence on components from China
Positioned in a high-growth industry	Very low chance of allotment due to 10% retail quota
Plans to repay ₹375 crores of debt from IPO funds	Intense and growing competition in the market

3.1. Key Strengths Explained:

1. Market Dominance: As stated in their DRHP, Aditya Infotech is the undisputed market leader with a 21% share of India’s branded security surveillance market. In business, being #1 is a powerful advantage.
2. Exceptional Brand Recall: The “CP Plus” brand is a massive, often underestimated asset. This recognition allows for better pricing power and customer trust compared to lesser-known competitors.
3. A ‘Make in India’ Powerhouse: The company’s DRHP details its world-class manufacturing facility in Kadapa. Being the 3rd largest of its kind globally gives them immense scale and aligns perfectly with India’s push for self-reliance.
4. Strong Industry Tailwinds: The demand for security and surveillance is not slowing down. As a market leader, Aditya Infotech is perfectly positioned to ride this wave of growth.
5. Strengthening the Balance Sheet: The company plans to use ₹375 crores from the IPO’s fresh issue to repay debt. This is a positive sign, as it will reduce interest costs and improve profitability in the long run.

3.2. Key Risks Explained:

1. Aggressive Valuation: The IPO is priced at a premium. As we’ll explore in the next section, when you look past certain one-time accounting gains, the valuation appears steep compared to its actual operating profit.
2. The “Exceptional Gain” Illusion: The company’s FY25 profit looks incredibly impressive at ₹351 crore. However, the financial statements in the RHP reveal this includes a ~₹249 crore one-time, non-cash gain. The actual profit from operations is significantly lower, a critical detail every investor must know.
3. High Dependence on China: The “Risk Factors” section of the RHP highlights that while the products are assembled in India, the company still relies heavily on importing key components and raw materials, particularly from China. Any geopolitical tension or supply chain disruption is a significant risk.
4. The Allotment Lottery: The retail quota is only 10%. With the retail portion already oversubscribed by more than 25 times as of today (July 30th), the probability of receiving an allotment is extremely low.
5. Intense Competition: The electronics and security market is fiercely competitive, with both domestic and international players constantly vying for market share.

4. Financials & Valuation: Is the IPO Overpriced?

Now that we understand the company’s business and market position, let’s look at the numbers. All data here is sourced from the company’s official Red Herring Prospectus (RHP).

4.1. A Quick Financial Snapshot

First, let’s see how the company’s revenue and profits have grown over the last three years.

Financial Year	Revenue (in ₹ Cr.)	Profit After Tax (in ₹ Cr.)
FY2023	2,295	108
FY2024	2,796	115
FY2025	3,123	351*

You can see a steady growth in revenue, which is a positive sign.

However, that huge jump in profit in FY2025 needs a closer look.

*As we noted in the risks section, the FY2025 profit is inflated by a one-time, non-cash gain of approximately ₹249 crore. This is not profit from their regular business operations.

4.2. Valuation: Is the Price Fair?

This brings us to the most important question: is the IPO expensive?

To figure this out, we use a simple metric called the P/E (Price-to-Earnings) ratio.

It tells us how much we are paying for every rupee of the company’s profit.

Here’s the breakdown for Aditya Infotech:

1. The Headline P/E: At the upper price of ₹675, and using the headline profit of ₹351 crore, the P/E ratio is about 22.5 times. This looks quite reasonable on the surface. (https://economictimes.indiatimes.com/markets/stocks/live-blog/ipo-gmp-nsdl-ipo-shanti-gold-ipo-aditya-infotech-ltd-price-band-grey-market-premium-today-expert-review-aditya-infotech-ipo-share-listing-date/liveblog/122967763.cms)
2. The P/E on Actual Profits: However, if we rightly remove that one-time exceptional gain of ₹249 crore, the company’s actual operating profit is closer to ₹102 crore. Based on this number, the P/E ratio skyrockets to a much higher ~77 times.

What this means for you: This is precisely what analysts mean when they call the IPO “aggressively priced.” You are not paying 22.5 times its real earnings; you are paying closer to 77 times. While the company is a market leader with strong growth, investors are being asked to pay a premium price today for its expected future performance.

5. The Big Question: Should You Apply?

This is the part where we synthesize all the information. Before we do, a crucial disclaimer:

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in IPOs carries significant risk. Please conduct your own research or consult with a qualified financial advisor before making any investment decisions.

The decision to apply depends entirely on your personal investment goals. Let’s look at it from two different angles:

5.1. For Short-Term Listing Gains: APPLY

There is undeniable momentum behind this IPO.

• The Bull Case: The Grey Market Premium (GMP) is very strong, suggesting a high potential for a positive listing. The massive oversubscription numbers (with the retail portion subscribed over 25 times by Day 2) confirm that demand is extremely high.
• The Reality Check: Your biggest challenge is allotment. With only a 10% quota for retail investors and such high demand, the chance of getting shares is extremely low. It is essentially a lottery.

Verdict: It’s a high-demand bet for listing day gains, but winning the allotment lottery is the hard part.

5.2. For Long-Term Investment: APPLY With Caution

Here, you need to weigh the great company against its expensive price.

• The Bull Case: You are investing in a clear market leader with a powerful brand (‘CP Plus’) and a strong ‘Make in India’ manufacturing story. The security industry itself is poised for long-term growth.
• The Reality Check: The valuation is a major hurdle. As we calculated, you are paying a premium P/E ratio of around 77 times its core earnings. This means a significant amount of its future growth is already “priced in” at the IPO level, which could limit upside for a few years until its earnings catch up to the price.

Verdict: It’s a fundamentally strong company, but you are buying it at a very expensive price. This could mean a longer wait to see substantial returns.

5.3. The Bottom Line

Most market analysts have a “Subscribe” rating on the Aditya Infotech IPO, but almost all of them highlight the aggressive valuation as a major concern.

The key takeaway is this: there’s a clear trade-off between the company’s strong fundamentals and the high price of its shares. Your decision should hinge on whether you are comfortable with that trade-off.

6. Aditya Infotech vs. NSDL: A Quick Comparison

This week, retail investors are faced with two major choices: Aditya Infotech and NSDL. Both are large, well-known companies, but they are fundamentally different. If you only have funds to apply for one, here’s a quick comparison to help you decide.

6.1. The Bottom Line

Your choice here depends entirely on your investment philosophy.

Choose Aditya Infotech if you are looking for a high-growth story tied to manufacturing and consumer trends.

Choose NSDL if you prefer a more stable, lower-risk business that forms the backbone of the entire stock market.

7. How to Apply for the Aditya Infotech IPO (with Visuals)

If you’ve weighed the pros and cons and decided to apply, here’s a simple visual guide to the process. Remember, the IPO window closes tomorrow, July 31st, 2025.

7.1. Make Sure You’re Ready

Before you start, you need two things:

1. A Demat & Trading Account with any major broker (like Zerodha, Groww, Upstox, HDFC Securities, etc.).
2. A UPI ID (from an app like GPay, PhonePe, Paytm) that is linked to the bank account connected to your Demat account.

7.2. Fill Out the Application

7.2.1. Log in to your brokerage app

7.2.2. Find the IPO section

7.2.3. Select “Aditya Infotech Ltd” from the list of open IPOs

7.2.4. Enter Your Bid. This is the important part

• Quantity: You apply in “lots”. Enter 1 lot (which is 22 shares) or multiples of it.
• Price: To maximize your chances of getting an allotment, select the “Cut-off Price” option. This means you agree to apply at the final price decided by the company (which will be ₹675 for retail investors if the issue is oversubscribed).
• Confirm your UPI ID and submit the application.

7.3. Approve the UPI Mandate

Within a few hours of submitting, you will receive a payment request on your UPI app.

• Open your UPI app (GPay, PhonePe, etc.) and you will see a pending “mandate request”.
• Approve the payment. The amount (₹14,850 for one lot) will be blocked in your account, not debited. It will only be debited if you are allotted shares.

Your application is only complete after you approve this mandate!

Step 4: Important Dates to Track

After you’ve applied, the process moves quickly.

Here are the key dates to mark on your calendar. Note that these dates are tentative and can change.

Conclusion: Final Thoughts

We’ve covered a lot of ground, from the power of the CP Plus brand to the complexities of its valuation. Let’s boil it down to the three most important takeaways for the Aditya Infotech IPO:

1. A-Grade Business: There’s no doubt that Aditya Infotech is a market-leading company with a powerful brand, strong manufacturing capabilities, and a solid position in a growing industry.
2. Premium Price Tag: The biggest point of concern is the aggressive valuation. At a price-to-earnings (P/E) ratio of around 77x its core profits, you are paying a significant premium for the company’s future growth.
3. High Demand, Low Chance: The IPO is seeing massive demand, which is a good sign for potential listing gains. However, with only a 10% retail quota, the probability of getting an allotment is extremely low.

Ultimately, the decision to apply is a personal trade-off between buying into a great business and paying a high price for it.

We want to hear from you!

What are your thoughts on the Aditya Infotech IPO? Are you applying? Share your perspective in the comments section below!

(Disclaimer: All information in this article is for educational purposes only and should not be considered as financial advice. Please do your own research before investing.)

The post Did You Get CP Plus IPO Shares? A Step-by-Step Guide to Check Allotment Status appeared first on Mobodaily.

With four big mainboard IPOs open or opening this week, it’s tough to figure out where to put your money.

That’s why I’ve put together this quick cheat sheet for you.

No boring jargon, just a straight-up rundown on what’s hot, what’s not, and what might be worth a shot.

Let’s break it down.

Key IPO Dates at a Glance

Here are the most important dates for this week’s mainboard IPOs, all in one place.

IPOs Open for Subscription Now

Two big IPOs are live right now. Here’s the deal on them.

1. GNG Electronics Ltd.

• Open Until: This Friday, July 25
• What they do: You know those “renewed” or “refurbished” laptops? These are the folks behind the brand “Electronics Bazaar,” one of the biggest players in that game.
• The Vibe: Honestly, this one’s got a ton of hype. Everyone’s looking for affordable tech, and the initial numbers show a lot of people are betting on it for a quick profit on listing day. The Grey Market Premium (GMP) is looking pretty juicy too.
• Risk Meter: Medium. High growth potential but operates in a competitive and trend-dependent market.
• GNG DHRP: [Download DRHP Here]

2. IndiQube Spaces Ltd.

• Open Until: This Friday, July 25
• What they do: They run those fancy co-working and managed office spaces you see all over big cities.
• The Vibe: This one’s a bit of a toss-up. The brand is solid, but are we all really going back to the office full-time? This feels less like a “quick flip” and more like a long-term bet if you truly believe flexible workspaces are the future.
• Risk Meter: Medium-High. A competitive sector with long-term uncertainty regarding office space demand.
• IndiQube DHRP: [Download DRHP Here]

Upcoming IPOs to Watch

Get your cash ready, because there are a couple more interesting ones on the way.

3. Brigade Hotel Ventures Ltd.

• Opens: Tomorrow! (July 24 to July 28)
• What they do: Part of the huge Brigade real estate group, but this is their hotel business.
• The Vibe: The “Brigade” name alone makes people feel safe. Plus, everyone is traveling like crazy right now. This one is definitely going to get a lot of attention. Keep an eye on it tomorrow.
• Risk Meter: Medium. The business is cyclical and dependent on the economy, but the brand is very strong.
• Brigade DHRP: [Download DRHP Here]

4. Shanti Gold International Ltd.

• Opens: Next Monday (July 28 to July 30)
• What they do: A classic, family-run jewelry brand that’s huge in South India.
• The Vibe: With jewelry IPOs, it all comes down to one simple question: is it priced cheaper than buying Titan or Kalyan Jewellers stock? That’s what we’ll be figuring out.
• Risk Meter: Low-Medium. A traditional, stable business model, but its success depends heavily on competitive pricing.
• Shanti Gold DHRP: [Download DRHP Here]

Your IPO Action Plan for the Week

Here’s the summary in a nutshell:

Alright, your turn! Which IPO are you throwing your money at this week? Drop a comment below and let’s talk about it!

Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered as financial or investment advice. The stock market, including IPOs, is subject to market risks. Please perform your own due diligence or consult with a SEBI-registered financial advisor before making any investment decisions. The author and this website are not responsible for any financial losses incurred.

The post 4 Best IPOs to Watch This Week (July 23-29): GNG, Brigade & More! appeared first on Mobodaily.

FINAL CALL: The Anthem Biosciences IPO closes in just a few hours at 5:00 PM today, July 16th.

If you’re on the fence, here are 5 compelling reasons to consider hitting that ‘Apply’ button right now!

Reason 1: Anthem’s Overwhelming Subscription (20x)

The market has shown significant interest in this IPO, with strong demand coming from institutional and high-net-worth investors. This indicates a healthy appetite for the company’s shares.

As of 2:15 PM, July 16th (Data source: NSE India), the subscription status is as follows:

Why this matters?

The key number here is the 39.27x demand from QIBs (the “smart money”). This level of institutional interest signals deep confidence in Anthem’s long-term value. Furthermore, the healthy 5x subscription from employees shows that the people inside the company believe in its future. This strong overall demand is a major positive signal for a successful listing.

Reason 2: Anthem IPO GMP Signals Strong Listing

While the Grey Market Premium is an unofficial indicator, its data is actively tracked and aggregated by various IPO-focused websites and financial market observers. It serves as a popular signal for expected listing day performance.

As of 2:15 PM, July 16th, here’s the final GMP signal:

• Today’s Grey Market Premium (GMP): ₹160
• IPO Upper Price Band: ₹570
• Implied Listing Price: ~₹730 (₹570 + ₹160)
• Potential Listing Gain: ₹4160 (~28%)

(Source: GMP data is aggregated from multiple IPO tracking portals and market observers.)

What this means for you?

In simple terms, the market is anticipating that the shares could list at a premium of over 28% above the issue price. For investors applying for listing day gains, this is a very encouraging sign. A stable and high GMP like this often points to a robust market debut.

Reason 3: Strong Consensus from Market Experts

It’s one thing to see market demand, but it’s another when seasoned financial analysts give their stamp of approval. The expert community has a strong positive consensus on the Anthem Biosciences IPO.

Here’s a snapshot of ratings from top brokerage firms:

• Anand Rathi: Recommends “Subscribe – for Long Term ,” citing the company’s diverse product portfolio and strong client relationships.
• Motilal Oswal: Has a “Subscribe “ rating, highlighting the company’s robust financial track record and high growth potential in the CRAMS sector.
• SMC Global: Gives a “Subscribe “ recommendation, pointing to reasonable valuations compared to its listed peers.

What this means for you?

When multiple independent research firms analyze a company’s finances, risks, and future prospects and still arrive at the same positive conclusion, it provides a strong layer of validation. It confirms that the company’s fundamentals are solid, making it a more confident choice for your investment.

Reason 4: Investing in a High-Growth Industry Leader

Beyond the market excitement, you are investing in a fundamentally strong business. A quick look at Anthem’s financial journey shows a clear picture of growth and profitability.

A Snapshot of Anthem’s Financial Performance

(The data below is from the company’s RHP/DRHP filings)

Revenue Growth (in ₹ Crores)

A consistent upward trend shows the company is successfully expanding its business year after year.

FY2023 | ████████ (₹650 Cr)
FY2024 | ██████████ (₹780 Cr)
FY2025 | █████████████ (₹950 Cr)

Profit After Tax Growth (in ₹ Crores)

More importantly, profits are growing alongside revenue, indicating strong operational efficiency.

FY2023 | ████████ (₹80 Cr)
FY2024 | ██████████ (₹105 Cr)
FY2025 | ████████████ (₹140 Cr)

These strong fundamentals are built on a solid business model:

• Proven Financials: The charts above speak for themselves. The company has a proven track record of growing both its revenue and profits at an impressive rate.
• The Right Place, The Right Time: Anthem is a key player in the high-growth CRAMS sector. It’s the ‘one-stop-shop’ for global pharma giants who need to outsource R&D and manufacturing, a trend that is only accelerating.
• Trusted by Global Giants: Earning and retaining clients from the global biopharma industry requires rigorous quality standards. Anthem’s strong client base is a testament to its operational excellence.

What this means for you?

This isn’t just a short-term trade. You are buying a stake in a company with a proven history of execution. Its crucial role in the growing global pharma supply chain provides a strong foundation for future value creation.

Reason 5: The Window of Opportunity is Closing Fast

We’ve seen the strong market demand, the healthy GMP, the unanimous expert ratings, and the solid financial growth. All signs point to a high-quality market event.

Good companies like this don’t offer their shares at a fixed IPO price very often. After 5:00 PM today, this specific opportunity to invest at the ground-floor level will be gone.

What this means for you: This is your final chance to be part of Anthem Biosciences’ journey from day one as a publicly-listed company. The decision you make in the next couple of hours will determine whether you get shares at the issue price or have to buy them from the open market later, potentially at a much higher price.

How to Apply in the Next 5 Minutes (Before 5 PM)

Ready to proceed? The process is simple and fast.

1. Open Your Brokerage App: Log in to Zerodha, Upstox, Groww, Angel One, or whichever app you use.
2. Find the IPO Section: It’s usually on the main dashboard. Click on it and select “Anthem Biosciences”.
3. Place Your Bid: Enter your desired number of lots. Crucially, select the “Cut-Off Price” option to ensure your application is considered at the final issue price.
4. Confirm and Pay: Enter your UPI ID and submit the application.
5. Approve the Mandate: Immediately open your UPI app (GPay, PhonePe, etc.) and approve the payment mandate. Your application is not complete until you do this!

Disclaimer:The information provided in this article is for educational and informational purposes only and does not constitute financial advice. All equity investments are subject to market risks. Please consult with your registered financial advisor before making any investment decisions.

The post Anthem Biosciences IPO: 5 Reasons to Apply Before 5 PM Today! appeared first on Mobodaily.

India’s domestic air traffic surged to 16.54 crore passengers in FY25, a 7.6% jump over the previous year and well above pre-COVID levels.

TFS is perfectly positioned to capture this growth, with a dominant presence in 14 of India’s top 15 airports.

But is the IPO priced for growth, or is the valuation too rich?

This analysis will cut through the noise, examining the financials, risks, and GMP to deliver a clear final verdict on whether this is a first-class investment for your portfolio.

Key Takeaways

• Strong Market Position: TFS is the market leader, with a ~26% share in airport F&B and a dominant ~45% share in airport lounges, placing it perfectly to benefit from India’s travel boom.
• Robust Financials: The company is consistently profitable, with an impressive 35.5% Return on Equity (RoE) and revenue that grew from ~₹1,067 Cr to ~₹1,688 Cr in the last two years.
• Attractive Valuation: At a P/E multiple of ~50.2x, the IPO appears significantly more reasonably priced compared to listed QSR peers, which trade at P/E ratios of 85x-110x.

Recommended: Crizac Limited IPO GMP, Allotment & Listing – Check Here!

I. Travel Food Services IPO: Key Dates, Price Band, & Issue Details

Download Travel Food IPO Details Snapshot

Did you notice a thing?

The IPO (₹2,000 Crores) is an Offer for Sale (OFS). This means the money will go to existing shareholders, not to the company.

II. Travel Food Services IPO GMP

What is GMP? The Grey Market Premium (GMP) is a key indicator of market sentiment for an upcoming IPO. It’s the premium at which IPO shares are traded unofficially before they are listed on the stock exchanges. A strong GMP often suggests a potential for a strong listing.

Here’s a look at the GMP trend for the Travel Food Services IPO:

Date	IPO Price	GMP	Estimated Listing Price	Estimated Profit
July 9, 2025	₹1100	₹6 ↓	₹1106 (0.55%)	₹78
July 8, 2025	₹1100	₹12 ↓	₹1112 (1.09%)	₹156
July 7, 2025	₹1100	₹16 ↓	₹1116 (1.45%)	₹208
July 6, 2025	₹1100	₹30 ↓	₹1145 (4.09%)	₹585
July 5, 2025	₹1100	₹50 ↓	₹1150 (4.55%)	₹650
July 4, 2025	₹1100	₹80 ↓	₹1180 (7.27%)	₹1040
July 3, 2025	₹1100	₹92	₹1192 (8.36%)	₹1196
July 2, 2025	₹1100	₹92 ↑	₹1192 (8.36%)	₹1196
July 1, 2025	₹1100	–	–	–

III. Travel Food Services IPO Allotment Status

Since the Retail Individual Investor (RII) portion was not fully subscribed (it closed at 0.69x), you are guaranteed to receive a firm allotment for the shares you applied for!

There will be no lottery or pro-rata reduction for valid retail applications.

The next step is to simply confirm your allotment status officially.

How to Confirm Your Allotment

The allotment of shares is expected to be finalized on Thursday, July 10, 2025. Here’s how you can check the official confirmation. The registrar for this IPO is MUFG Intime India Private Limited.

Method 1: Check on the Registrar’s Website (MUFG Intime)

1. Visit the Website: Go to the MUFG Intime IPO Allotment page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
2. Select the IPO: From the dropdown menu, choose “Travel Food Services Limited”.
3. Enter Your Details: You can use your PAN Card Number, Application Number, or DP/Client ID.
4. Click Search: Hit the search button, and you will see your confirmed allotment details.

Method 2: Check on the BSE Website

1. Go to the BSE Allotment Page: https://www.bseindia.com/investors/appli_check.aspx
2. Select Issue Type: Choose ‘Equity’.
3. Select Issue Name: From the dropdown menu, select “Travel Food Services Limited”.
4. Enter Your Details: Type in your Application Number and PAN Card number.
5. Verify & Search: Complete the ‘I’m not a robot’ check and click ‘Search’.

What Happens Next?

Congratulations on your successful allotment! The shares will be credited to your Demat account by July 11, 2025, and the corresponding amount will be debited from your bank account.

IV. Travel Food IPO Listing Day Strategy: Sell or Hold?

Travel Food Services IPO is set to list on Monday, July 14, 2025, presenting a rare and unusual case where different market indicators are telling completely different stories, making the decision complex.

The Conflicting Signals: A Rare Anomaly

• The Bull Case (Reasons to hold)
  • Strong Institutional Backing: The QIB portion was oversubscribed a massive 7.70 times, showing huge confidence from the “smart money.”
  • Attractive Valuation: The IPO was priced significantly lower than its listed QSR peers.
• The Bear Case (Reasons for Caution)
  • Weak Retail & GMP Sentiment: The retail (RII) portion wasn’t fully subscribed, and the Grey Market Premium (GMP) was weak, signaling a lack of broader market excitement.
  • 100% Offer for Sale (OFS): The issue is entirely offer for sale, so the funds don’t go to the company.

Your Listing Day Game Plan

Given this uncertainty, your strategy should be based on your original investment goal.

1. If You Applied for Listing Gains:

The weak GMP is a major concern. The risk of a flat or discounted listing is higher than usual for an issue with such strong QIB numbers.

• Watch Pre-Open Market: On Monday at 9:45 AM, see where the share price is settling.
• If the listing is flat or at a discount, as the GMP trend suggests, it’s prudent to exit your position to protect your capital.
• If a Modest Premium Appears (e.g., 5-10%): Consider booking whatever profit is available immediately. Waiting for a bigger pop might be risky.

2. If You Applied for Long-Term Investment:

You are in a much stronger position because you invested in the business, not the listing day hype.

• HOLD: The strong QIB backing validates your long-term thesis. Ignore the listing day volatility and hold the shares. The market’s short-term sentiment doesn’t change the company’s strong fundamentals.
• Look for an Opportunity: A flat or discounted listing could be a golden opportunity for you to buy more shares of a fundamentally sound company at a price even lower than the IPO allotment price.

Final Takeaway: This is a rare case where the “smart money” (QIBs) and the short-term market sentiment (GMP) are at odds. Long-term investors can feel confident, while listing day traders must be extremely cautious on Monday.

V. Travel Food Services IPO Subscription Status

The live subscription figures for an IPO provide a real-time pulse of investor demand. This section will be updated daily at the end of each bidding day to reflect the latest numbers from the BSE and NSE.

Live Subscription Status

(This table will be updated daily throughout the IPO period)

Day 1 Analysis: A Sluggish Response

The subscription on Day 1 has been extremely sluggish, with the issue being subscribed only 0.10 times overall. This indicates a very cautious, and largely indifferent, start from all investor categories.

• Retail Muted: The retail portion, often the most active on the first day, has seen a very low turnout at just 0.14x.
• Institutions Stay Away: The response from Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) is negligible. This lack of interest from the “smart money” is a significant concern and aligns with the consistently falling Grey Market Premium (GMP).

The poor subscription numbers on Day 1 strongly suggest that the market perceives the issue to be overvalued, despite the company’s strong fundamentals.

Day 2 Analysis: The Waiting Game Continues

The second day of bidding failed to bring any significant momentum to the Travel Food Services IPO.

• Institutional Buyers Remain on the Sidelines: A subscription of just 0.18x from the QIBs (smart money) is a major red flag and suggests that large financial institutions are not comfortable with the valuation or the business risks.
• Retail and HNI Interest is Tepid: While the numbers have doubled from Day 1, this is on a very low base. Neither the retail nor the HNI category has managed to get fully subscribed even after two full days of bidding, which is a clear sign of weak demand.
• Outlook for Final Day: The IPO’s fate now hinges entirely on a massive, last-minute push on Day 3. While this sometimes happens, the current trend points towards a very high probability of the issue struggling to get fully subscribed. The sluggish demand aligns with the low Grey Market Premium and signals significant risk for listing day investors.

Day 3 Analysis: The Big Money Has Spoken

The final subscription numbers tell a story of a complete reversal in market sentiment, led by institutional players.

• Massive QIB Turnaround: The most significant development is the QIB category, which went from being virtually ignored to being oversubscribed 7.7 times. This strong institutional demand is a huge vote of confidence in the company’s fundamentals and valuation, and it dramatically improves the IPO’s prospects.
• Retail Remains Skeptical: Interestingly, the Retail (RII) portion did not even get fully subscribed, ending at just 0.69x. This indicates that while the big institutions saw value, individual investors remained cautious, likely due to the high OFS component and declining GMP in the days leading up to the IPO.
• Overall Healthy Subscription: The IPO closed with a respectable total subscription of 2.58 times. While this isn’t a blockbuster number, the strong QIB backing is the most important factor and is a strong positive for the company.

Check back here for daily updates on how the subscription is trending.

VI. About Travel Food Services (The Business Model)

Travel Food Services (TFS) is India’s largest and most prominent operator of food and beverage outlets in travel hubs, particularly airports. If you’ve ever had a coffee, a meal, or used a lounge at a major Indian airport, you have likely been a TFS customer.

As per Travel Food’s DRHP, the company’s business is built on:

TFS’ Two Core Pillars

1. Travel Quick Service Restaurants (QSRs): This is their largest segment. TFS operates a massive network of food outlets in airports and on highways. They have a diversified portfolio of 127 brands, which includes:
   • International Franchises: Popular global brands like KFC, Pizza Hut, and Subway.
   • Regional Indian Brands: Well-known local chains such as Dilli Streat and Hatti Kaapi.
   • In-House Brands: Their own proprietary brands like Caféccino and idli.com, designed specifically for travelers.
2. Airport Lounges: TFS is also the market leader in operating airport lounges. These lounges cater to premium passengers, offering services like comfortable seating, complimentary food and beverages, and other amenities. They have a presence in major airports across India and even in Malaysia and Hong Kong.

TFS’ Market Leadership

TFS holds a dominant position in its niche. According to a CRISIL report cited in their DRHP, the company commands a ~26% market share in the Indian airport F&B sector and an even more impressive ~45% market share in the airport lounge business, making it the undisputed leader in this space.

VII. Travel Food Services Financials

A company’s past performance is often the best indicator of its future potential. For Travel Food Services, the numbers tell a story of a strong recovery and consistent growth after the pandemic-induced travel slump.

Here’s a snapshot of their financial health over the last three fiscal years, with all figures sourced from their official RHP.

Source: Company data

Financial Analysis: Key Takeaways

• Strong Revenue Growth: The company has demonstrated a robust top-line growth, with revenues climbing steadily from ₹1,067 crore in FY23 to nearly ₹1,700 crore in FY25. This shows their ability to capitalize on the resurgence in travel.
• Consistent & Growing Profits: TFS is a consistently profitable company. Its Profit After Tax (PAT) has grown by over 50% in the last two years, which is a very positive sign for investors.
• High and Stable Margins: The company operates with very healthy and stable margins. A PAT margin consistently above 20% and an EBITDA margin of around 40% are impressive and indicate strong operational efficiency.
• Excellent Return Ratios: A Return on Net Worth (RoNW) of over 35% in the latest fiscal year is exceptional. It signifies that the company is very effective at generating profits from the money invested by its shareholders.

In summary, the financials paint a picture of a strong, well-managed company with a proven ability to grow its revenue and profits in a thriving industry.

VIII. Travel Food Services IPO: Strengths vs. Weaknesses

Here’s a metric-driven look at the strengths and weaknesses to help you make a balanced decision.

Strengths (The Bull Case)	Weaknesses & Risks (The Bear Case)
Market Leader in a Niche: Dominant ~26% share in airport F&B and ~45% in lounges.	High Revenue Concentration: Over 85% of revenue comes from just the top 5 airports.
Impressive Profitability: Healthy 35.5% Return on Equity (RoE) and 21.5% PAT Margin in FY25.	Entirely OFS: 100% of the IPO (₹2,000 Cr) is an Offer for Sale, so the money won’t go to the company.
Strong Industry Tailwinds: The Indian airport QSR market is projected to grow at 17-19% CAGR.	Dependent on Concessions: Business relies on renewing long-term contracts with airport operators, which is a key risk.
Proven Operational Expertise: High 93.9% contract renewal rate demonstrates strong relationships and execution.	Vulnerable to Travel Disruptions: Business is directly tied to air passenger traffic, which can be hit by economic or health crises.

Every investment has two sides of the coin. For Travel Food Services, the opportunity is massive, but the risks are just as real.

IX. Peer Comparison and Valuation Analysis

Valuing Travel Food Services (TFS) requires a careful look at its peers. Since there are no other major listed airport F&B operators, the best comparison is with large, listed Quick Service Restaurant (QSR) players in India.

Here’s how TFS’s valuation stacks up against these established companies based on their FY25 earnings.

(Note: P/E Ratios are based on FY25 earnings. Peer P/E is subject to market changes.)

TFS’ Valuation Analysis:

At the upper price band of ₹1,100, Travel Food Services is asking for a Price-to-Earnings (P/E) multiple of ~50.2 times.

• Attractive Compared to Peers: On the surface, this valuation appears significantly more attractive and at a considerable discount compared to other major QSR players like Devyani, Jubilant, and Sapphire, which trade at much higher P/E ratios (85x – 110x).
• Justified Premium?: One could argue that TFS, with its market leadership, higher operating margins, and strong return ratios, deserves a premium valuation. However, the IPO is being priced at a level that seems to leave some value on the table for investors when compared to the broader QSR industry.
• The Caveat: The key risk factor is TFS’s high dependency on the travel sector, which is more volatile than the general QSR market.

In conclusion, the valuation for the TFS IPO seems reasonable, and perhaps even attractive, when compared to its listed peers in the food service industry.

X. Travel Food Services IPO: Final Verdict

Travel Food Services presents a compelling but complex case.

On one hand, we have a clear market leader in a booming travel sector, backed by stellar financials, high profitability, and excellent return ratios. The valuation, at a P/E of ~50x, appears significantly more attractive than its listed QSR peers.

On the other hand, the IPO is an Offer for Sale (OFS), and the declining Grey Market Premium (GMP) suggests that the initial market excitement has cooled off considerably.

Here is our final verdict based on your investment goals:

For Long-Term Investors: APPLY

The fundamental story is very strong. TFS is a profitable, well-managed company with a dominant position in a high-growth industry.

The attractive valuation relative to its peers provides a good entry point for investors who are willing to hold for the long term and believe in the continued growth of travel in India. The OFS is a drawback, but the underlying business is robust.

For Listing Gains: APPLY with Caution

The declining GMP, which now indicates a modest premium of just 4-5%, is a significant concern. While the attractive valuation could still lead to a decent listing, the momentum is not in its favor.

Investors applying purely for listing day gains should be aware that the returns may not be spectacular and should apply with caution.

Download Final Verdict Snapshot

Disclaimer: This content is for informational purposes only and does not constitute financial advice. Investing in IPOs carries significant risk. Please consult with a qualified financial advisor before making any investment decisions. The author is not responsible for any financial losses.

The post Travel Food IPO GMP, Subscription, Allotment: What to do on Listing? appeared first on Mobodaily.

This Kolkata-based B2B education platform, a key player in recruiting Indian students for UK universities, is launching its ₹860 crore IPO today.

As it’s 100% Offer for Sale (OFS), the company won’t receive any proceeds, raising important questions for investors about future growth and value.

This review will dissect Crizac’s financials, growth prospects, and valuation to provide a clear perspective. Let’s explore whether this opportunity aligns with your investment goals.

I. Crizac Limited IPO: The Nitty-Gritty Details

The public offer was open for subscription from July 2, 2025 to July 4, 2025.

According to the official offer documents available on the National Stock Exchange (NSE), the company has set the price band at ₹233 to ₹245 per share. For retail investors, the minimum lot size is 61 shares, which translates to an investment of ₹14,945 at the upper price point.

The total IPO size is approximately ₹860 crores. It is crucial for investors to note that this is entirely an Offer for Sale (OFS).

This means the company will not receive any proceeds from the public issue; the funds will go directly to the selling promoters. The primary objectives, as stated in the prospectus, are to allow the promoters to liquidate some of their holdings and to achieve the benefits of listing the shares on the BSE and NSE. A listing enhances brand visibility and creates a public market for the stock.

The tentative listing date, when the shares will begin trading, is set for Wednesday, July 9, 2025.

Recommended: Travel Food Services IPO is live: Check GMP, Financial, and Review!

II. Crizac IPO Grey Market Premium (GMP)

Here is a snapshot of the GMP for the Crizac IPO in the days leading up to and on the first day of the subscription period:

GMP Date	IPO Price (₹)	GMP	Estimated Listing Price	Estimated Profit*
07-07-2025 (allotment)	245	₹39 ↓	₹284 (15.92%)	₹2379
06-07-2025	245	₹43	₹288 (17.55%)	₹2623
05-07-2025	245	₹43 ↑	₹288 (17.55%)	₹2623
04-07-2025 (close)	245	₹35 ↑	₹280 (14.29%)	₹2135
03-07-2025	245	27.5 ↓	₹272.5 (11.22%)	₹1677.5
02-07-2025 (Open)	245	₹39 ↑	₹284 (15.92%)	₹2379
01-07-2025	245	₹21 ↑	₹266 (8.57%)	₹1281
30-06-2025	245	₹0	₹245 (0.00%)	₹0

GMP Analysis:

• Positive Momentum: The data shows strong positive momentum for the IPO in the grey market. The GMP started at ₹0 on June 30th and has risen significantly to ₹43 by the opening day of the IPO.
• Increased Listing Premium: This upward trend suggests growing investor confidence and points to a potential listing day premium of around 13% over the issue price, which is a healthy sign.
• Strong Demand: The increase from ₹21 on July 1st to ₹43 on July 5th indicates a sharp rise in demand and willingness to pay a premium for the shares before listing.

III. Crizac IPO Allotment Status

With the bidding for the Crizac IPO now closed, investors are eagerly awaiting the allotment of shares. Given the strong oversubscription, not everyone who applied will receive an allotment.

Key Allotment & Listing Dates:

• Allotment Finalization Date: Monday, July 7, 2025
• Refund Initiation: Tuesday, July 8, 2025
• Shares Credited to Demat: Tuesday, July 8, 2025
• Tentative Listing Date: Wednesday, July 9, 2025

How to Check Your Allotment Status

Once the allotment is finalized on July 7th, you can check your status in a few simple steps. The official registrar for the Crizac IPO is MUFG Intime India Private Limited.

Method 1: Check on the Registrar’s Website (MUFG Intime)

1. Go to the official MUFG Intime IPO Allotment page: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
2. Select “Crizac Limited” from the dropdown menu of company names.
3. Enter your PAN Card number, Application Number, or your DP/Client ID.
4. Click ‘Search’ to view your allotment status. It will show you if you were allotted shares and how many.

Method 2: Check on the BSE Website

1. Go to the BSE’s official allotment status page: https://www.bseindia.com/investors/appli_check.aspx
2. Under ‘Issue Type’, select ‘Equity’.
3. From the ‘Issue Name’ dropdown, choose “Crizac Limited”.
4. Enter your Application Number and PAN Card number.
5. Complete the ‘I’m not a robot’ verification and click ‘Search’.

Your allotment details will be displayed on the screen. Good luck to all who have applied!

IV. Crizac Subscription Status

How Did Investors Respond?

Here’s the breakdown of how different investor categories responded to the Crizac Limited IPO as of 5:00 PM IST on Day 1 (July 2, 2025).

(Source: NSE India)

Analysis:

The subscription data reveals a few key trends:

• Muted Institutional Response: The Qualified Institutional Buyers (QIB) category, often considered the “smart money,” shows a very weak response with only 0.09 times subscription. This indicates a significant lack of interest from large financial institutions at the current valuation.
• Moderate HNI and Retail Interest: The Non-Institutional Investors (NII) and Retail (RII) categories have been subscribed 0.62 and 0.59 times, respectively. While there is some participation, neither category is fully subscribed, which is uncommon for a high-growth company.
• Overall Picture: With a total subscription of only 0.46 times, the overall demand for the IPO is exceptionally lukewarm. This suggests that the market, as a whole, perceives the issue to be overvalued or too risky, especially given that it is a 100% Offer for Sale. The low subscription numbers align with a volatile and modest Grey Market Premium, signaling a high probability of a weak stock market debut.

V. About Crizac Limited

To decide on an IPO, you first need to understand the company behind it.

So, what exactly does Crizac Limited do?

Founded in 2011 in Kolkata, Crizac Limited operates as a B2B (Business-to-Business) education platform.

According to its Draft Red Herring Prospectus (DRHP), its primary business is offering international student recruitment solutions.

Instead of directly enrolling students, it has built a technology-driven bridge connecting a massive network of student recruitment agents with international universities.

You can find more details on their official “About Us” page on crizac.com.

Here’s how its asset-light model works:

• For Recruitment Agents: Crizac provides a proprietary online platform that gives smaller agents access to over 170 universities and 80,000 courses across the UK, Canada, Australia, and other countries. This allows them to offer a wider range of options to their students without needing direct contracts with each university.
• For Universities: Crizac acts as a master recruiter, providing a vetted stream of applications from its vast network of over 3,900 active agents. This simplifies the university’s recruitment process, giving them broad access to the Indian student market.

The company’s revenue is primarily earned through commissions from universities for each student who successfully enrolls through its platform.

Industry Landscape:

Crizac operates within the burgeoning study-abroad market in India, which has seen explosive growth. The UK, Crizac’s stronghold, has been a particularly popular destination.

This trend was significantly boosted by favorable post-study work policies like the Graduate Route Visa, which has led to a surge in Indian students choosing the UK, as reported by outlets like the Times of India.

While the market is large, it is also highly competitive and sensitive to policy changes in destination countries—a key factor for investors to consider.

VI. Crizac Financial Performance

A company’s story is best told through its numbers.

For Crizac, the financial data reveals a compelling picture of rapid growth and strong profitability.

We’ve dug into their official offer documents to pull the key metrics for you.

Here’s a snapshot of their performance over the last three fiscal years:

(Source: Financial figures are compiled from the company’s Red Herring Prospectus (RHP) and other financial reports. Note that FY2023 figures are standalone, while FY2024 and FY2025 are consolidated.)

Key Takeaways from the Financials:

• Impressive Revenue Growth: The top line shows strong and consistent growth, with revenue surging from ~₹518 crores to ~₹885 crores in just two years. This indicates high demand for its services.
• Consistent Profitability: The company is not just growing; it’s doing so profitably. The Profit After Tax (PAT) has steadily increased, reaching over ₹152 crores in the latest fiscal year.
• Strong Margin Recovery: While there was a noticeable dip in margins in FY24, the company showed a powerful rebound in FY25 with an EBITDA margin of over 25%. This suggests effective cost control as it scales.
• Healthy Return Ratios: A Return on Net Worth (RoNW) of over 30% in FY25 is excellent. While the percentage has decreased from FY23, this is mainly due to an expanding equity base, not a decline in performance.
• Virtually Debt-Free: The company has negligible debt on its books. This financial discipline is a significant advantage, reducing risk and giving it flexibility for future plans.

For a deeper dive into the numbers, you can refer to the detailed financial statements in the company’s official RHP filing.

VII. The Full Picture: Strengths vs. Weaknesses

Download strengths and weaknesses

VIII. Peer Comparison: How Does Crizac Stack Up?

Valuing Crizac is tricky because there are no directly comparable publicly listed companies in India that operate on the exact same B2B student recruitment model. This makes a true “apples-to-apples” comparison challenging.

However, to get a sense of the valuation, we can look at a B2B platform in a different sector and other companies in the broader education space.

(Source: Times Of India)

Analysis:

• Against B2B Platforms: Crizac’s valuation at a Price-to-Earnings (P/E) ratio of ~28 times is very similar to Indiamart Intermesh, another major B2B platform. This suggests the market is valuing it as a technology platform rather than a traditional education company.
• Against a Global Peer: When compared to IDP Education, a global leader in student placement listed in Australia, Crizac’s valuation appears more reasonable.
• Against Domestic Education Companies: It is demanding a higher premium than other domestic players like CL Educate, which have different business models and lower growth profiles.

IX. The Final Verdict: Should You Apply?

After weighing the strong fundamentals against the significant risks and analyzing the live market data, we arrive at the crucial question: should you invest in the Crizac Limited IPO?

The company is undeniably a high-growth, profitable, and debt-free leader in its niche.

However, this is countered by a fully priced valuation, a 100% Offer for Sale structure, heavy dependence on the UK market, and a lukewarm response from institutional investors on Day 1.

Here is our final verdict based on these factors:

High-risk investors can APPLY.

This recommendation is based on the live Grey Market Premium (GMP), which, despite being volatile, is still positive and indicates a potential listing day premium of around 13%.

For an investor with a high-risk tolerance, this presents an opportunity for modest, short-term gains. The strong retail interest could also support the price upon listing. However, the risk is high, and this is purely a tactical play.

Long-term investors should AVOID.

This IPO is not ideal for long-term wealth creation at the current price. The entire ₹860 crores from the IPO are going to the promoters, not into the company for future growth.

An investor is buying into a company at a full valuation without providing it any growth capital. Given the significant geopolitical risks tied to the UK and intense competition, the current entry point appears unfavorable for those with a multi-year investment horizon.

It may be more prudent to wait and watch the company’s performance post-listing.

Download Final Verdict

Disclaimer: This content is for informational purposes only and does not constitute financial advice. Investing in IPOs carries significant risk. Please consult with a qualified financial advisor before making any investment decisions. The author is not responsible for any financial losses.

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