With six IPOs in the pipeline, including DOMS Industries making its debut and India Shelter Finance opening for subscription, the IPO market is abuzz. The macroeconomic landscape, coupled with the Sensex and Nifty 50 reaching record highs, has heightened investor attention and vigilance.
The Federal Reserve’s statement tonight holds significance globally and is anticipated to influence the course of the world economy. Amid the flurry of IPOs, market participants are awaiting the Fed chairman’s speech before making significant market moves. The simultaneous open and close dates of these IPOs, spanning diverse industries, have left investors undecided about which one to subscribe to or avoid. Let’s delve into expert opinions on the matter.
**Expert Views:**
**Mohit Gulati, CIO & Managing Partner of ITI Growth Opportunities Fund:**
Regarding DOMS Industries IPO, Gulati expresses optimism, likening businesses in scholastic stationery to staple FMCG, resilient to macroeconomic fluctuations. With a PE of 40x+, he deems it fairly valued and foresees potential listing gains, recommending subscription.
On India Shelter Finance, he notes its expansive presence but raises concerns about low promoter holding, suggesting a cautious approach. Despite potential listing gains, Gulati prioritizes DOMS over India Shelter.
**Vinit Bolinjkar, Head of Research, Ventura Securities:**
Bolinjkar favors India Shelter Finance over DOMS Industries. He highlights India Shelter’s provision of home loans and loan against property (LAP) in tier-II and tier-III regions. With a widespread presence and a diversified client base, the company manages a substantial Assets Under Management (AUM). Post-IPO, India Shelter aims for a competitive price-book (P/B) ratio, making it a preferred choice for Bolinjkar.
In summary, while DOMS Industries is positioned as a significant player in the scholastic stationery market, India Shelter Finance is viewed favorably for its presence in the housing finance sector, particularly in non-metro regions. Investors are advised to consider their risk appetite and investment goals before making decisions in the dynamic IPO market.
