Retail investors are diving headfirst into Boss Packaging's IPO despite SEBI's warnings on manipulation in SME IPOs.  The company, with just 64 employees and a shabby office, saw a staggering 135x ...

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- Retail investors are diving headfirst into Boss Packaging's IPO despite SEBI's warnings on manipulation in SME IPOs.
- The company, with just 64 employees and a shabby office, saw a staggering 135x subscription for its Rs 8 crore issue.
- Boss Packaging's financials are flat, with net debt rising 82 percent to Rs 3.06 crore in 2023.
- The BSE SME IPO index has surged 136 percent this year, driven by social media buzz and paid influencer promos.
- Market experts are divided, with some championing the SME platform and others warning of potential manipulation. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/boss-packaging-sme-ipo-64-employees-one-dilapidated-office-and-135x-subscription-12814239.html)

Boss Packaging SME IPO: 64 employees, one dilapidated office and 135x subscription!

Journalist

Boss Packaging SME IPO: 64 employees, one dilapidated office and 135x subscription!- Grapevine

Welcome to Personal Finance's Private Community

IPOs are getting crazy !!!

Software Engineer

Stock

Product Owner

What's even happening with SME IPOs?

- Rs 12cr IPO for Resourceful Automobile attracts bids worth Rs 4,800 crore
- Delhi-based dealership has just 2 showrooms and 8 employees
- Retail investors most active, with 500x subscription in their portion
- Merchant banker 'beyond expectation', unable to justify high demand
- Critics point out 'insane' subscription given company's negative cash flow 

 Source: [Times of India](https://timesofindia.indiatimes.com/business/india-business/bike-dealer-with-8-employees-gets-rs-4800-crore-bids-for-rs-12cr-ipo/articleshow/112820484.cms)

Small Bike Dealer's IPO Receives Staggering 400x Oversubscription

In the recent years after Covid I have seen the amount of subscription being 40-50x the actual amount asked in the IPO for Retail section. Is this a sign that there’s a lot of money to invest but nothing to invest in ?
Also is there a way to utilise this money at some better place considering it being stuck in bank for a week or more.

IPOs getting too much Saturated

Welcome to Office Gossip's Private Community

SME IPOs are shit!

Growth Manager

"I wonder how Jefferies has given a target price of Rs. 520/share on Mamaearh - on the listing day, it was already at 93.5 times EBITDA" -> Need more people like this on LinkedIn!

Product Manager

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Why do we see exits/re-structuring close to the IPO?

Data Scientist

- MobiKwik's IPO will be a fresh issue of equity shares with no offer for sale component.
- The fintech unicorn plans to use the IPO proceeds to grow its financial services and expand its payments business.
- MobiKwik may also pursue a pre-IPO placement of INR 140 Cr, adjusting the fresh issue size accordingly.
- The company became profitable in FY24, reporting a net profit of INR 14.1 Cr, a turnaround from a net loss of INR 83.19 Cr in the previous year.
- Founded in 2009, MobiKwik offers a suite of financial products and has 146.94 Mn registered users as of September 2023. 

 Source: [Inc42](https://inc42.com/buzz/mobikwik-gets-sebi-nod-for-inr-700-cr-ipo/)

MobiKwik Gets SEBI Nod for INR 700 Cr IPO

What if this was posted in twitter?

Sales Manager

This may sound like a dumb question, but why do these companies fire just before the IPO? isn't an IPO a good thing? More cashflow. Shouldn't they be taking care of their employees who made it reach there?

What exactly is the thought process behind this mass layoff before IPO?

Swiggy possible layoffs

Analyst

There’s no way MamaEarth is worth 10,000 crores, I mean their products are shit, they don’t even manufacture their own products, they don’t have any patents. It’s essentially just a marketing company who have managed to sell mediocre products under the disguise of “toxin-free”.
I really wished their IPO would fail 🥲

Is Mamaearth another story of VCs making a shit ton of money at the expense of retail investors ?

- Infra.Market, backed by Tiger Global and Accel, has chosen eight investment banks for its upcoming IPO, aiming to raise over $500 million.
- The selected banks include Kotak Mahindra Capital, IIFL Capital, Goldman Sachs, Jefferies, ICICI Securities, HSBC Securities, Motilal Oswal Financial Services, and Nuvama Wealth Management.
- The IPO is expected to be a mix of fresh issue and secondary sales, providing an exit for top VC investors.
- The issue size is projected to be between $500 million and $700 million, with potential for a higher amount based on market conditions.
- Infra.Market's subsidiary, RDC Concrete, plans its own public market debut in January 2025 after divesting a 10% stake worth $20 million in 2023. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/tiger-global-accel-backed-infra-market-picks-8-i-bankers-for-mega-500-mn-plus-ipo-12811099.html)

Infra.Market Selects 8 Investment Banks for $500M+ IPO

- Swiggy, backed by SoftBank, plans to file its draft red herring prospectus with India's market regulator by the first week of September, aiming for a $1.28 billion IPO.
- The IPO will be the second-largest for a venture capital-backed company in India, following Paytm, with Swiggy aiming to raise Rs 10,400 crore.
- Swiggy's valuation is expected to be around $16 billion, approximately 60% of Zomato's market capitalization, according to sources.
- The company confidentially filed documents for the IPO in April and received shareholder approval for a fresh issue of Rs 3,750 crore and an offer for sale worth Rs 6,664 crore.
- Swiggy's IPO comes as its rival Zomato has seen significant stock price gains, and the listing will set a valuation benchmark for Swiggy, which needs to achieve profitability to attract investors. 

 Source: [Your Story](https://yourstory.com/2024/08/swiggy-drhp-ipo-first-week-september)

Swiggy to File Draft Papers for $1.3B IPO by September First Week

Will Swiggy IPO affect Zomato Stock Performance?

Program Manager

Swiggy was valued at $10B a couple of months back. Good luck employees waiting for ESOP buy-back in July 2023. Your shares are now worth half of what it used to be!

https://www.moneycontrol.com/news/business/invesco-cuts-swiggys-valuation-to-5-5-bn-2nd-markdown-in-4-months-10549051.html

Swiggy valuation down to $5.5B

Should retail investors be worried?

Source: https://inc42.com/buzz/four-indian-portfolio-companies-preparing-to-go-public-softbank-vision-fund-cfo-navneet-govil/

Swiggy IPO soon :o

Byjus Valuation Sliced By 99% - Rasing a 200 million $ through rights issue at 250 million dollars

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Boss Packaging SME IPO: 64 employees, one dilapidated office and 135x subscription!

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