he Swiggy Limited and Acme Solar Holdings Limited IPOs are both closing today, marking the final phase of the subscription period. Investors have been closely monitoring the subscription trends, Grey Market Premium (GMP), and company financials to gauge the potential for listing gains and long-term investment value.

Swiggy Limited IPO: Final Day Subscription Update

Swiggy, the popular new-age technology company offering food delivery, grocery, and household item services, has witnessed steady demand for its IPO. As of 12:45 PM on November 8, 2024, the IPO has subscribed 1.00 times on the final day of subscription.

• Issue Size: ₹11,327.42 crores
• Fresh Issue: ₹4,499 crores (1,153.58 lakh shares)
• Offer for Sale: ₹6,828.42 crores (1,750.87 lakh shares)
• Price Band: ₹371 to ₹390 per share
• Market Capitalization at IPO Price: ₹87,298.60 crores
• Lot Size: 38 shares (minimum investment of ₹14,820 for retail investors)
• Anchor Investor Raise: ₹5,085.02 crores from anchor investors at ₹390 per share

Swiggy IPO Financial Overview:

• Revenues (FY24): ₹61,197.77 million
• EBITDA (FY24): ₹-32,337.62 million
• Profit After Tax (FY24): ₹-22,559.50 million

Despite strong recognition in the Indian market, Swiggy is facing a negative P/E ratio due to its ongoing losses, with a pre-issue EPS of ₹-10.70 and a post-issue EPS of ₹10.07. The Grey Market Premium (GMP) for Swiggy IPO is ₹0, indicating a flat listing expectation. Based on its financial performance and market valuation, investors are advised to be cautious, as this IPO might not offer significant listing gains or long-term investment potential.

Acme Solar Holdings IPO: Subscription Trends and Final Day Update

Acme Solar Holdings, one of the largest renewable energy independent power producers in India, also closes its subscription today. As of 12:40 PM on November 8, 2024, the subscription stands at 0.23x, indicating lower investor interest compared to other IPOs.

• Issue Size: ₹29,000.00 crores
• Fresh Issue: ₹2,395.00 crores (828.71 lakh shares)
• Offer for Sale: ₹505.00 crores (174.74 lakh shares)
• Price Band: ₹275 to ₹289 per share
• Market Capitalization at IPO Price: ₹17,515.70 crores
• Lot Size: 51 shares (minimum investment of ₹14,739 for retail investors)
• Anchor Investor Raise: ₹1,300.50 crores from anchor investors at ₹289 per share

Acme Solar Holdings Financial Overview:

• Revenues (FY24): ₹14,662.67 million
• EBITDA (FY24): ₹10,891.48 million
• Profit After Tax (FY24): ₹6,977.81 million

While Acme Solar Holdings has shown consistent growth in the renewable energy sector, the IPO metrics suggest it is fully priced with a pre-issue P/E ratio of 23.02x. However, with a GMP of ₹0, indicating no potential listing gains, the recommendation is to avoid this IPO for both listing gains and long-term investments.

Investors looking to invest in either IPO should consider their risk appetite and the financial health of these companies before making a decision.

The Upcoming IPOs in this week and coming weeks are Mangal Compusolution, Onyx Biotec, Rosmerta Digital, NTPC Green, Avanse Financial and Black Buck.

The Current active IPO are  Swiggy, ACME Solar Holdings, Niva Bupa Health and Neelam Lines and Garments.

For more insights into financial trends , visit our Top News Headlines. You can also explore investment opportunities in the market and apply for upcoming IPOs through our Best IPO to Apply Now section.