Welcome To SmartInvestment

Tuesday, September 16, 2025

Global Events

World Markets.....

US Market Positive

Dow Jones UP 49 (+0.11%)

NASDAQ UP 207 (+0.94%), S&P UP 30 (+0.47%)

European Market Mix
FTSE down +6 (-0.07%), CAC UP 71 (+0.92%),

DAX UP 50 (+0.21%)

Asian Markets Mix

Nikkei UP 136 (+0.30%), Hang S. down 56 (-0.21%),

Taiwan UP 233 (+0.92%), Kospi UP 38 (+1.13%)

Shanghai down 14 (-0.39%), St.T down 1 Points (-0.05%)

---------------------------------------------------------------------------

GIFT Nifty down 16 Points (25,164)

DOW Future UP 38 Points

NASDAQ Futures --- Points

Brent Crude UP 0.24% and near at 67.60/bbl

---------------------------------------------------------------------------

The US Dollar Drifts lower with traders

   positioning for a "Dovish Cut" by the FED

The Euro ticks higher as the impact of France's

   debt downgrade eases. Fitch had downgraded

   France to A+ from AA- and lifted Portugal's rating to 

   A from A-, While S&P raised Spain's

   rating a notch to A+

ECB's Schnabel : Rates are in a good place as

   inflation nears 2% and economy

   holds at full employment.

China data Soft : House prices continue falling,

   retail sales & Industrial production weaken.

---

All Eyes On....

US FED Reserve two days meeting starting from today

---------------------

Domestic Events

India Saw its trade deficit narrow to $26.49 billion.

   Exports rose 6.7% to $35.1 billion while imprts

   fell 10.1% to $61.59 billion when

   compared against the previous year.

Export to the US fell to $6.86 billion in August,

    hurting sectors like garments and leather

Expert grew 6.7% in August despite trump tariffs

India's Wholesale inflation rise to

   0.52% in August, ending two

   month negative streak

-----------------------

Dollar Index down 0.10% at 97.25

Rupees UP 8 Paisa to close at 88.20 against US$

Sector Watch

NBFC, Capital Goods, Telecom,

Energy, Pharma, Infra, Liquor,

Sector Avoid

Metal, IT and Banking Sector

Indian Markets Trend

With Muted Start,

Markets to remain range bound in near term

Overall markets to consolidate with positive bias

----------

All eyes on....

India, US Back on deal talk from today

-----------

Primary Markets

Shrinagar House IPO Subscribed 60.31x on final day

Dev Accelerator IPO Subscribed 64x on final day

Urban Co. Main Board 108.90 on final day

----------------------------

Listing Today

(1) Nilachal Carbo BSE SME IPO

(2) Krupalu Metals BSE SME IPO

(3) Taurian MPS NSE Emerge IPO

(4) Karbonsteel Engg. BSE SME IPO

Listing on 17th September, Wednesday

(1) Jay Ambe Supermarkets BSE SME IPO

(2) Shrinagar House Main Board IPO

(3) Dev Accelerator Main Board IPO

(4) Urban Co. Ltd Main Board IPO

(5) Galaxy Medicare NSE Emerge IPO

-----------------------------------------------

Indices

INDIAN INDICES CLOSED ON 16-9-025

Indices Closing Plus/Minus
Sensex 82,380.69 594.95
Nifty 50 25,239.10 169.9
Nifty Bank 55,147.60 259.75
Nifty Midcap 100 58,799.55 313.45
Nifty Smallcap 100 18,298.35 171.35
India VIX 10.27 -0.12

-

Daily Level

Daily Level : 16-9-2025

Stocks Sup-1 Sup-2 Sup-3 Resi-1 Resi-2 Resi-3
NIFTY  25161 25095 25016 25201 25268 25347
Bank Nifty 55048 54814 54580 55107 55342 55578
Asian Paints 2500 2476 2451 2512 2536 2561
M&M 3525 3497 3468 3540 3568 3598
Shriram Finance 618 612 606 625 631 637
HDFC Bank 961 953 946 969 976 984
 

Momentum Buy Call

Sr. 

Co. Name

CMP

Buy above

SL

Target

Trading Session

1

DAM Capital

236

238

227

245 to 248

7 to 10

Foreign Institutional Investors

FII Activites (Rs. in Cr. )

   Date      Day Gross Purchase  Gross Sale  Net Purchase 
15-9-2025 Monday 8169.16 9437.75 -1268.59
16-9-2025 Tuesday      

 

Domestic Institutional Investors

DII Activites (Rs. in Cr. )

   Date      Day Gross Purchase  Gross Sale  Net Purchase 
15-9-2025 Monday 10173.17 8239.84 1933.33
16-9-2025 Tuesday      

 

Most Buzzing Stocks

Stocks CMP Stocks CMP
Adani Enterprise 2383.00 Bajaj Finserv 2080.00
Havells India 1595.00 ABB India 5338.00
Maruti 15265.00 ETHOS 2354.00
Zydus Life 1036.00 Tega Ltd. 2069.00
Oberoi Realty 1640.00 Transrail Lighting 820.00
Sanghvi Movers 371.00 Mishra Dhatu 406.00
Brainbess Solution 397.00 Anant Raj 589.00
Gail 179.00 JSW Energy 532.00
NCC 212.00 Canara Bank 112.00

Stock Watch LT

Stocks CMP Stocks CMP
Reliance Ind  1399.00 PB Fintech  1806.00
Bharat Forge  1237.00 Siemens  3293.00
Teamlease  1874.00 Bajaj Fin  1009.00
KPR Mils  1047.00 Piramal Ent 1141.00
Anand Rathi  3039.00 Gabriel Ltd  1302.00

Fundamental Stocks

Stocks CMP Stocks CMP
Crompton  311.00 Welspun Corp  923.00
DLF 775.00 Hindustan Zinc  460.00
Godawari Power  270.00 Delhivery  470.00
       

Technical Stocks

Stocks CMP Stocks CMP
Alkem Labs 5500.00 Wipro  251.00
Indusind Bank  739.00 Credit Acees  1322.00
JSPL  1046.00 Alembic Pharma  972.00
Chola Invest  1517.00 United Brew  1797.00
prestige Estates 1594.00    

Buy Stock for Today

Stocks CMP SL Target (1 Months)
Transrail Lighting 820.00 800.00 840 to 848

Sell Stock for Today

Stocks CMP Stocks CMP
Apollo Hospital 7816.00 Asian Paints 2502.00
Axis Bank 1104.00 Bandhan Bank 162.00
Borosil 348.00 BOSCH 39445.00
Chambal Fertilizer 538.00 Cyient 1222.00
Dixon Techno 17985.00 Escorts 3643.00
First Source 367.00    

Stock in Action

Stocks CMP Stocks CMP
Hudco  223.00 Piramal Pharma  203.00
Railtel Ltd  399.00 Lemon Tree  176.00
Manappuram Fin  291.00    

Primary Markets

Main Line IPOs

Issue Name

Open Date

&

Close Date

Issue Size Price

Market Lot

(Minimum

Application)

Listing Lead Manager

Rating (Out of 50%)

&

Recommendation

Euro Pratik Sales Ltd

16-9-2025

to 

18-9-2025

Total  1,82,71,862 Shares

Rs 451.31 Cr 

235 to 247

Fv Rs 1

60 Shares

Rs 14,820

BSE
&
NSE 

Axis Capital 

Dam Capital 

31%

May Apply

VMS TMT Ltd

17-9-2025

to 

19-9-2025

Total 1,50,00,000 Shares

Rs 148.50 Cr

94 to 99

Fv Rs 10

150 Shares

Rs 14,850

BSE 

NSE 

Arihant Capital 

27%

Avoid

Ivalue Infosolutions

18-9-2025

to 

22-9-2025

Total 1,87,38,958 Shares

Rs 560.29Cr 

284 to 299

Fv Rs 2

50 Shares 

Rs 14,950

BSE
&
NSE 

IIFL Capital

Motolal Oswal Investments

 
GK Energy Ltd

19-9-2025

to 

23-9-2025

Fresh 2,61,43,790 Shares

OFS 42,00,000 Shares

Total 3,03,43,790 Shares 

Rs 464.26CR  

 

145 to 153

Fv Rs 2

98 Shares 

Rs 14,994

BSE 

NSE

IIFL Capital 

HDFC Bank 

 
Saatvik Green Energy

19-9-2025

to 

23-9-2025

Fresh 1,50,53,763 Shares

OFS 43,01,075 Shares

Total 1,93,54,838 Shares

Rs 900Cr 

442 to 465

Fv Rs 2

32 Shares

Rs 14,880

BSE
&
NSE 

Dam Capital

Ambit Pvt Ltd

Motilal Oswal Investments 

 
Jinkushal Industries Ltd

25-9-2025

to

29-9-2025

Fresh 86,35,935 Shares

OFS 9,59,548 Shares

Total 95,85,483 Shares

Rs 116.11 Cr 

115 to 121

Fv Rs 10

120 Shares

Rs 14,520

BSE
&
NSE
GYR Capital  

NSE EMERGE IPO's

Issue Namek

Open Date &

Close Date

Issue Size Price

Market Lot

(Minimum

Application)

Listing

Lead

Manager

Rating (Out of 50%)

&

Recommendation

TechD Cybersecurity Ltd

15-9-2025

to 

17-9-2025

20,20,200 Shares

Rs 38.99Cr 

183 to 193

Fv Rs 10

600 Shares 

Rs 2,31,600

NSE SME  GYR Capital 

32%

Risky Bet

Siddhi Cotspin Ltd

19-9-2025

to 

23-9-2025

64,68,000 Shares

Rs 69.85 Cr 

102 to 108

Fv Rs 10

1200 Shares

Rs 2,59,200

NSE SME Swastika Investment  

BSE SME IPO's

Issue Name

Open Date

&

Close Date

Issue Size Price

Market Lot

(Minimum

Application)

Listing

Lead

Manager

Rating (Out of 50%)

&

Recommendation

Airfloa Rail Technology

11-9-2025

to

15-9-2025

65,07,000 Shares

Rs 91.10 Cr

133 to 140

FV Rs 10

2000 Shares

Rs 2,80,000

BSE SME GYR Capital

36%

Apply for Short Term

(Listing Gain)

L.T.Elevator Ltd.

12-9-2025

to 

16-9-2025

50,48,000  Shares 

Rs 39.37Cr 

76 to 78

Fv Rs 10

1600 Shares 

Rs 2,49,600

BSE SME  Horizone Management

31%

May apply

(Pricey Bet)

Sampat Aluminium Ltd

17-9-2025

to 

19-9-2025

25,44,000 Shares

Rs 30.53 Cr 

114 to 120

Fv Rs 10

1200 Shares

Rs 2,88,000

BSE SME 

Marwadi Chandarana

Internediaries

29%

Avoid

JD Cables Ltd.

18-9-2025

to 

22-9-2025

63,15,200 Shares

Rs 95.99 Cr 

144 to 152

Fv Rs 10

800 Shares

Rs 2,43,20

BSE SME  GYR Capital

31%

May Apply

Aptus Pharma Ltd

23-9-2025

to 

25-9-2025

18,60,000 Shares

Rs 13.02Cr 

65 to 70

Fv Rs 10

2000 Shares 

Rs 2,80,000

BSE SME  Interactive Finacial Services   
BharatRohan Airborne 

23-9-2025

to 

25-9-2025

52,99,200 Shares

Rs 45.04 Cr 

80 to  85

Fv Rs 10

1600 Shares

Rs 2,72,000

BSE SME Kfin Technologies   
DSM Fresh Foods

26-9-2025

to 

30-9-2025

59,06,400 Shares 

Rs 59.65Cr

96 to 101

Fv Rs 10

1200 Shares 

Rs 2,42,400

 

BSE SME  Narnolia Finacial Services  

Grey Market Premium

Main Line IPOs

 

Grey Market Premium

           

Sr.

No.

(www.smartinvestment.in)

 

Min. Lot

Size (Shares)

Offer Price Premium

Kostak Price

(Minimum Appl.) 

Subject to

Sauda

1 Shringar House of Mangalsutra Main Board 90 155 to 165 30 to 31   2,100
  Small HNI / BIg HNI           29,000
2 Dev Accelerator Ltd. Main Board 235 56 to 61 7 to 8   1,400
  Small HNI / BIg HNI           19,500
3 Urban Co. Main Board 145 98 to 103 50 to 52   6,500
  Small HNI / BIg HNI           95,000
4 Euro Pratik Sales Main Board 60 235 to 247 0.00   -
  Small HNI / BIg HNI            
5 VMS TMT Main Board 150 94 to 99 22 to 23   2,600
  Small HNI / BIg HNI           35,000
6 i Value Info Solution Main Board 50 284 to 299 0.00   --
  Small HNI / BIg HNI            
7 GK Energy Main Board 98 145 to 153      
  Small HNI / BIg HNI            
8 Saatvik Green Energy Main Board 32 442 to 465      
  Small HNI / BIg HNI            
9 Jinkushal Industries Main Board 120 115 to 121      
  Small HNI / BIg HNI            
 
 
SME IPOs

Grey Market Premium

         

(www.smartinvestment.in)

 

Min. Lot

Size (Shares)

Offer Price Premium

Subject to Sauda

as per Premium

(For 1 Lot)-

Nilachal Carbo (Listing Today) BSE SME  1600 85.00 0.00 --
Krupalu Metals (Listing Today) BSE SME 3200 72 0.00 --
Taurian MPS (Listing Today) NSE SME 1600 162 to 171 13 to 14 8,500
Karbonsteel Engg (Listing Today) BSE SME 1600 151 to 159 24 to 25 15,500
Galaxy Medicare Ltd BSE SME  2000 51 to 54 0.00 --
Jay Ambe Supermarkets  BSE SME 1600 74 to 78 7 to 8 9,500
Airfloa Rail Technology BSE SME 2000 133 to 140 173 to 175 1,30,000
L.T. Elevator BSE SME 1600 76 to 78 24 to 25 28,500
TechD Cybersecurity NSE SME 600 183 to 193 158 to 160 73,000
Sampat Aluminium Ltd. BSE SME 2400 114 to 120 16 to 17 16,000
JD Cables BSE SME 1600 144 to 152 19 to 20 11,000
Siddhi Cotspin Ltd NSE SME 1200 102 to 168    
Aptus Pharma Ltd BSE SME  2000 65 to 70    
BharatRohan Airborne  BSE SME  1600 80 to 85    
DSM Fresh Foods Ltd BSE SME 1200 96 to 101    
Infinity Infoway BSE SME -- --    

Subscription Figure of Particular IPO’s

Subscription Figure of Shringar House of Mangalsutra

Investor

Category

Shares

Offered

1st Day

Subscribed

10-9-2025

2nd Day

Subscribed

11-9-2025

3rd Day

Subscribed

12-9-2025

QIB

1,21,40,000

0.01x

0.86x

101.41x

NII 36,42,000 2.70x 14.81x 82.58x
Retail 84,98,000 2.84x 9.65x 27.26x
EMP 20,000 8.99x 24.07x 69.81x
Total 3,15,84,000 2.01x 8.26x 60.31x

 

Subscription Figure of Euro Pratik Sales Ltd

Investor

Category

Shares

Offered

1st Day

Subscribed

16-9-2025

2nd Day

Subscribed

17-9-2025

3rd Day

Subscribed

18-9-2025

QIB

36,41,463

0.28x

-

-

NII 27,31,805 0.93x - -
Retail 63,74,212 0.35x - -
EMP 59,828 1.30x - -
Total 1,28,07,308 0.46x - -

 

Subscription Figure of Dev Accelerator

Investor

Category

Shares

Offered

1st Day

Subscribed

10-9-2025

2nd Day

Subscribed

11-9-2025

3rd Day

Subscribed

12-9-2025

QIB

1,72,54,875

1.16x

2.40x

20.30x

NII 34,50,975 4.46x 15.36x 87.97x
Retail 23,00,650 19.60x 59.48x 164.89x
EMP 1,64,500 2.35x 6.19x 17.60x
Total 3,38,52,925 5.34x 16.11x 64.00x

Subscription Figure of Urban Co. Ltd.

Investor

Category

Shares

Offered

1st Day

Subscribed

10-9-2025

2nd Day

Subscribed

11-9-2025

3rd Day

Subscribed

12-9-2025

QIB

13,81,67,476

1.37x

1.56x

147.00x

NII 2,76,33,495 4.37x 19.15x 77.82x
Retail 1,84,22,330 7.39x 18.67x 41.79x
EMP 2,42,718 6.71x 15.59x 42.55x
Total 26,73,66,504 3.29x 9.48x 108.98x

Subscription Figure of SME IPO

IPO

SME

Day

Overall Subscribed

Austere Systems BSE SME Issue Closed On 9-9-2025 1076.99x
Sharvaya Metals BSE SME Issue Closed On 9-9-2025 4.83x
Vigor Plast India NSE SME Issue Closed On 9-9-2025 3.88x
Vashishtha Luxury BSE SME Issue Closed On 10-9-2025 2.18x
Nilachal Carbo Metalicks Ltd BSE SME  Issue Closed On 11-9-2025 5.06x
Krupalu Metals BSE SME  Issue Closed On 11-9-2025 2.96x
Taurian MPS NSE SME Issue Closed On 11-9-2025 11.69x
Karbonsteel Engineering BSE SME Issue Closed On 11-9-2025 76.59x
Galaxy Medicare Ltd NSE SME  Issue Closed On 12-9-2025 1.83x
Jay Ambe Supermarkets Ltd BSE SME  Issue Closed On 12-9-2025 64.13x
Airfloa Rail Technology BSE SME Issue Closed On 15-9-2025 301.52x
L.T. Elevator BSE SME  Issue Closed On 16-9-2025 182.95x
TechD Cybersecurity Ltd NSE SME  2nd Day Subscription 96.34x
Sampat Aluminium Ltd BSE SME  Issue Opend On 17-9-2025  
JD Cables Ltd BSE SME  Issue Opend On 18-9-2025  
Siddhi Cotspin Ltd NSE SME  Issue Opend On 19-9-2025  
Aptus Pharma Ltd BSE SME  Issue Opend On 23-9-2025  
BharatRohan Airborne  BSE SME  Issue Opend On 23-9-2025  
DSM Fresh Foods Ltd BSE SME  Issue Opend On 26-9-2025  

Performance of our Last Recommendation

Extra Field

Important Date of Current Main Line Issue

IPOs Name IPO

Closes Date

Basis of

Allotment

Refund /

Unblock

Amount

Credit of

Shares

To Demat

Listing

Date

Shringar House of Mangalsutra  Main Board  12-9-2025 15-9-2025 16-9-2025 16-9-2025 17-9-2025
Dev Accelerator Ltd. Main Board 12-9-2025 15-9-2025 16-9-2025 16-9-2025 17-9-2025
Urban Co.Ltd Main Board  12-9-2025 15-9-2025 16-9-2025 16-9-2025 17-9-2025
Euro Pratik Sales Ltd Main Board  18-9-2025 19-9-2025 22-9-2025 22-9-2025 23-9-2025
VMS TMT Ltd Main Board  19-9-2025 22-9-2025 23-9-2025 23-9-2025 24-9-2025
Ivalue Infosolutions Main Board  22-9-2025 23-9-2025 24-9-2025 24-9-2025 25-9-2025
GK Energy Ltd Main Board  23-9-2025 24-9-2025 25-9-2025 25-9-2025 26-9-2025
Saatvik Green Energy Main Board 23-9-2025 24-9-2025 25-9-2025 25-9-2025 26-9-2025
Jinkushal Industries Ltd Main Board 29-9-2025 30-9-2025 1-10-2025 1-10-2025 3-10-2025

Important Date of Current SME Issue

IPOs Name IPO

Closes Date

Basis of

Allotment

Tentative

Refund /

Unblock

Amount

Credit of

Shares

To Demat

Listing

Date

Nilachal Carbo Metalicks Ltd BSE SME  10-9-2025 11-9-2025 12-9-2025 12-9-2025 16-9-2025
Krupalu Metals BSE SME 10-9-2025 11-9-2025 12-9-2025 12-9-2025 16-9-2025
Taurian MPS NSE SME 11-9-2025 12-9-2025 15-9-2025 15-9-2025 16-9-2025
Karbonsteel Engineering BSE SME 11-9-2025 12-9-2025 15-9-2025 15-9-2025 16-9-2025
Galaxy Medicare Ltd NSE SME  12-9-2025 15-9-2025 16-9-2025 16-9-2025 17-9-2025
Jay Ambe Supermarkets  BSE SME  11-9-255 12-9-2025 13-9-2025 13-9-2025 17-9-2025
Airfloa Rail Technology BSE SME 15-9-2025 16-9-2025 17-9-2025 17-9-2025 18-9-2025
L.T.Elevator Ltd. BSE SME  16-9-2025 17-9-2025 18-9-2025 18-9-2025 19-9-2025
TechD Cybersecurity Ltd NSE SME 17-9-2025 18-9-2025 19-9-2025 19-9-2025 22-9-2025
Sampat Aluminium Ltd BSE SME  19-9-2025 22-9-2025 23-9-2025 23-9-2025 24-9-2025
JD Cables Ltd BSE SME 22-9-2025 23-9-2025 24-9-2025 24-9-2025 25-9-2025
Siddhi Cotspin Ltd NSE SME  23-9-2025 24-9-2025 25-9-2025 25-9-2025 26-9-2025
Aptus Pharma Ltd BSE SME  25-9-2025 26-9-2025 29-9-2025 29-9-2025 30-9-2025
BharatRohan Airborne  BSE SME  25-9-2025 26-9-2025 29-9-2055 29-9-2025 30-9-2025
DSM Fresh Foods Ltd BSE SME  30-9-2025 1-10-2025 3-10-2025 3-10-2025 6-10-2025

Listing Day Trading Information

IPO SME / Main Line

Listing Date

Code Offer Price

Listing

Price

Listing Day

High

Listing Day

Low

Listing Day

Close

Vashishtha Luxury Fashion BSE SME 15-9-2025 544508 111.00 118.00 123.00 112.10 121.75
Nilachal Carbo Metalicks BSE SME  16-9-2025 544510 85.00 68.00 71.40 64.60 71.40
Krupalu Metals BSE SME 16-9-2025 544509 72.00 57.60 60.48 54.72 60.48
Taurian MPS NSE SME 16-9-2025 TAURIAN 171.00 210.00 220.50 210.00 220.50
Karbonsteel Engineering BSE SME 16-9-2025 544511 159.00 185.10 194.35 185.10 194.35
Jay Ambe Supermarkets  BSE SME  17-9-2025   74 to 78        
Shringar House of Mangalsutra  Main Board 17-9-2025   155 to 165        
Dev Accelerator Ltd. Main Board 17-9-2025   56 to 61        
Urban Co.Ltd Main Board 17-9-2025   98 to 103        
Galaxy Medicare Ltd NSE SME  17-9-2025   51 to 54        
Airfloa Rail Technology BSE SME 18-9-2025   133 to 140        
L.T.Elevator Ltd. BSE SME 19-9-2025   76 to 78        
TechD Cybersecurity Ltd NSE SME 22-9-2025   183 to 193        
Euro Pratik Sales Ltd Main Board  23-9-2025   235 to 247        
VMS TMT Ltd Main Board  24-9-2025   94 to 99        
Sampat Aluminium Ltd BSE SME  24-9-2025   114 to 120        
Ivalue Infosolutions Main Board  25-9-2025   284  to 299        
JD Cables Ltd BSE SME  25-9-2025   144 to 152        
GK Energy Ltd Main Board  26-9-2025   145 to 153        
Saatvik Green Energy Main Board 26-9-2025   442 to 465        
Siddhi Cotspin Ltd NSE SME  26-9-2025   102 to 108        
Aptus Pharma Ltd BSE SME  30-9-2025   65 to 70        
BharatRohan Airborne  BSE SME  30-9-2025   80 to 85        
Jinkushal Industries Ltd Main Board 3-10-2025   115 to 121        
DSM Fresh Foods Ltd BSE SME  6-10-2025   96 to 101        

About

Smart Investment which is a part of Archi publications, a division of Archi Finmark and Communications Ltd. founded by Late Shri Kantilal M. Shah in year 2000, which is an ISO 9001:2008 (QMS)

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To prosper as a Publication firm by working hand in hand with our writers and educate investors through our services and publications.

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