Featured in Money9- India Pesticides IPO
Commenting on the movement in the grey market, Abhay Doshi, founder, Unlisted Arena, dealing in pre-IPO and Unlisted shares told Money9.com that the grey market is quite speculative generally, so volatility is normal. “If we see some past chemical stocks listings they have not performed on debut day according to grey market expectations. However, after the debut most of the stocks have performed well and India Pesticides limited too looks fundamentally strong on the financial front,” he said.
Featured in LiveMint- Dodla Dairy Initial Public Offering
Abhay Doshi, Founder at UnlistedArena.com said, "Rise in GMP of an IPO is nothing but a sentiment supporting the public issue. It's financials and market mood that decides fate of an IPO and one should look at that rather looking at the unofficial GMP numbers only."
Featured in Financial Express- Dodla Dairy IPO
“As per my view, the listing should be in the range of Rs 500-550 if the market does not crumble further,” Abhay Doshi, Founder, UnlistedArena.com, dealing in Pre-IPO & Unlisted Shares, told Financial Express Online
Featured in LiveMint- KIMS IPO
Abhay Doshi, Founder at UnlistedArena.com said, "GMP of a public issue is a short-term sentiment and it keeps on changing. It has some connect with the mood of the market as well. Since, the overall outlook of the market is positive, shares of the public issues in the grey market are available at higher premium."
Featured in Financial Express- Shyam Metalics IPO
The stock may list with up to 55 per cent premium over IPO price at Rs 425-475,” Abhay Doshi, Founder, UnlistedArena.com, dealing in Pre-IPO & Unlisted Shares, told Financial Express Online. He also expects that there is a scope for the stock to outperform after listing in the longer run due to its expected growth led by huge capex plans.
Featured in Economic Times- Dodla Dairy IPO
Abhay Doshi, founder at Unlisted Arena, said the KIMS IPO looks fairly priced and believes it should attract interest from long-term investors. "It would be interesting to watch how the stock performs after its debut on the bourses," he said.
Featured in LiveMint- Dodla Dairy IPO
Expert opinion on Dodla Dairy IPO: Speaking on the Dodla Dairy IPO fundamentals Abhay Doshi, Founder at UnlistedArena.com said, "Dodla Dairy is an integrated dairy company based in south India primarily deriving all of its revenue from the sale of milk and dairy based VAPs in the branded consumer market. There has been muted growth over the past few years and the future growth prospect doesn’t seem to be much creamy. The sale of milk is the primary revenue driver while the Value Added Product segment should be a deciding factor for the company going ahead." The market expert who deals in pre-IPO and unlisted shares went on to add that the reasonable issue price and small issue size should help in getting decent subscription and may help the stock perform on its debut.
Featured in LiveMint- Shyam Metalics IPO over-subscribed on Day 1: 10 things to know
"The IPO of Shyam Metalics strikes at a perfect time when the metal sector is enjoying a bull run. On the financial front, PE ratio based on annualised FY21 EPS comes at 12 times at the price of ₹306 which seems to be reasonable and leaving enough for investors. Diversified product portfolio and expansion plans should further strengthen the financials which makes this issue attractive," says Abhay Doshi, who is the founder of UnlistedArena.com, which deals in pre-IPO and unlisted shares.
Decoding the unlisted markets, Abhay Doshi-Founder UnlistedArena.com interacts with Money9
What is the unlisted market? Why are grey market premiums of upcoming IPOs going through the roof. Sakshi Batra speaks to Abhay Doshi of UnlistedArena.com to decode the pre-IPO space
Featured in LiveMint- Unlisted shares of Reliance Retail turn premium, surge 40%
“Although margins have grown substantially backed by the growth of JioMart and AJIO, the current valuation in the unlisted market looks quite expensive. The unlisted market values Reliance Retail Ltd at around ₹10 trillion while Reliance Industries, which also includes Jio and oil business along with other businesses, is valued at ₹14 trillion," said Manan Doshi, co-founder, UnlistedArena.com dealing in unlisted and pre-IPO shares.