Welcome To SmartInvestment

Wednesday, September 17, 2025

Global Events

World Markets.....

US Market Negative

Dow Jones down 125 (-0.27%)

NASDAQ down 14 (-0.07%), S&P down 8 (-0.13%)

European Market Negative
FTSE down 81 (-0.88%), CAC down 78 (-1.00%),

DAX down 41 9(-1.77%)

Asian Markets Mix

Nikkei UP 119 (+0.27%), Hang S. UP 164 (-0.62%),

Taiwan down 84 (-0.33%), Kospi down 33 (-0.97%)

Shanghai down 11 (-0.30%), St.T down 12 Points (-0.28%)

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

GIFT Nifty UP 72 Points (25,403)

DOW Future down 33 Points

NASDAQ Futures down 1 Points

Brent Crude down 0.14% and near at 68.37/bbl

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

Dollar Index at 96 ; 3.5 years low levels

Markets Price 25 bps FED Cut,

   with minority eyeing 50 bps ;

   FOMC Projections and dot plot in focus

US Retail Sales report showed stronger than expected

   consumer spending in Aug. Retail Sales rose 0.6% MoM

   in Aug., beating market consensus of a 0.2% incrase

August US Industrial production ticked 0.1%

   up after sliding 0.4% in the previous month

German ZEW Economic Sentiment Index improved

   to 37.3 in September from 34.7 in August,

   against the market consensus of a decline to 27.3

Canada's headline CPI rose to 1.9% YoY in August,

   While core inflation held steady at 2.6%

   Despite the stickiness in some core metrics

UK Payrolls fall for the seventh month, but BoE is

   expected to hold rates steady at upcoming meeting.

---

All Eyes On....

GBP : CPI Data YoY

CAD : BOC Rate Statement

USD : FOMC Statement followed by Press

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

Domestic Events

PM Modi Turns 75 today

-----

Eyes reamin on feeds from India - US tariff

trade talks and also on the announcement

on the government borrowing calendar this month.

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

Dollar Index UP 0.08% at 96.74

Rupees UP 15 Paisa to close at 88.06 against US$

Sector Watch

IT, Holdings, Defence, Telecom, Banking,

Retail, Metal, Housing Finance

Sector Avoid

Auto, FMCG, Capital Goods, Paints

Indian Markets Trend

With gap up opening, rally to continue in near term

Nifty-50 likely to cross 25300 & Sensex 82600 levels

Overall markets to outperform, hopes of FED rate cut

----------

All eyes on....

--

-----------

Primary Markets

Euro Pratik Main board IPO Subscribed 0.46x on Day 1

VMS TMT IPO Opens today

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

Listing Today...

(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 17-9-025

Indices Closing Plus/Minus
Sensex 82,693.71 313.02
Nifty 50 25,330.25 91.95
Nifty Bank 55,493.30 345.7
Nifty Midcap 100 58,848.55 49
Nifty Smallcap 100 18,423.20 124.85
India VIX 10.25 -0.025

Daily Level

Daily Level : 17-9-2025

Stocks Sup-1 Sup-2 Sup-3 Resi-1 Resi-2 Resi-3
NIFTY  25320 25251 25171 25360 25427 25507
Bank Nifty 55342 55107 54873 55401 55637 55873
Kotak Mah. Bank 2013 1992 1970 2025 2046 2069
L&T 3660 3636 3602 3675 3704 3738
Tata Consumer Products 1089 1081 1073 1097 1105 1114
Asian Paints 2475 2464 2451 2487 2498 2511
 

Momentum Buy Call

Sr. 

Co. Name

CMP

Buy above

SL

Target

Trading Session

1

HFCL

76

77

71

81 to 83

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 11942.44 11634.12 308.32
17-9-2025 Wednesday       

 

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 11643.46 10124.73 1518.73
17-9-2025 Wednesday       

 

Most Buzzing Stocks

Stocks CMP Stocks CMP
Amber Enterprise 8318.00 HCL Techno 1483.00
Tech Mahindra 1531.00 Akzo Nobes 3380.00
TVS Holding 13296.00 Axis Bank 1121.00
Vedanta 461.00 KEI Industries 4179.00
Cola India 305.00 Mahindra Life 369.00
Indian Hotels 778.00 Redington 289.00
BEL 402.00 GSPL 319.00
HUDCO 224.00 AB Fashion 86.00

Stock Watch LT

Stocks CMP Stocks CMP
Polycab  7397.00 KFIN  1100.00
L&T  3667.00 Tech Mahindra  1539.00
Bajaj Holdings  13,521.00 Ceat 3445.00
Dmart  4696.00 Mphasis 2950.00
HAL  4840.00    

Fundamental Stocks

Stocks CMP Stocks CMP
Railtel  396.00 Honasa 306.00
Syrma Sgs 818.00 DLF  786.00
Aadhar HF  538.00    

Technical Stocks

Stocks CMP Stocks CMP
SJS Enter 1439.00 DR Reddy  1310.00
HDFC Bank  966.00 Dalmia Bharat  2427.00
Deepak Nitrite  1789.00 SBI  831.00
Prestige Estates  1625.00 AB Real Estate 1919.00
Neuland Lab. 16,135.00    

Buy Stock for Today

Stocks CMP SL Target (1 Months)
DLF 801.00 790.00 835 to 840

Sell Stock for Today

Stocks CMP Stocks CMP
LUPIN 2052.00 PNB 108.00
Asian Paints 2480.00 BEML 4340.00
Tata Consumer 1042.00 Britannia 6202.00
Colgate 2355.00 Dabur 535.00
Berger Paints 536.00 Brigade Enterprise 952.00

Stock in Action

Stocks CMP Stocks CMP
Tata Steel  172.00 IREDA  152.00
Suzlon  58.00 UCO Bank  30.00
NSL Ltd  45.00    

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 

 
Atlanta Electricals

22-9-2025

to

24-9-2025

Fresh : 53,05,039 Shares

OFS : 38,10,895 Shares

Total : 91,15,934 Shares

Total Size in Rs 687.34 Cr

718 to 754

FV Rs 2

19 Shares

Rs 14,326

BSE

&

NSe

Motilal Oswal,

Axis Capital

 
Ganesh Consumer Products

22-9-2025

to

24-9-2025

Fresh : 40,37,267 Shares

OFS : 86,58,333 Shares

Total : 1,26,95,600 Shares

Rs 408.80 Cr

306 to 322

FV Rs 10

46 Shares

Rs 14,812

BSE

&

NSE

DAM Capital,

IIFL Capital,

Motilal Oswal

 
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  
Ecoline Exim

23-9-2025

to

25-9-2025

54,20,000 Shares

Rs 76.42 Cr

134 to 141

FV Rs 10

2000 Shares

Rs 2,82,000

NSE SME Hem Securities  
Matrix Geo Solutions

23-9-2025

to

25-9-2025

-- FV Rs 10 38,65,200 Shares NSE SME Narnolia Financial  

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

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

NSB BPO

23-9-2025

to

25-9-2025

53,00,000 Shares

Rs 77.91 Cr

140 to 147

FV Rs 10

2000 Shares

Rs 2,94,000

BSE SME Inventure Merchant  
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   
Justo Realfintech

24-9-2025

to

26-9-2025

49,61,000 Shares

Rs 63 Cr

120 to 127

FV Rs 10

2000 Shares

Rs 2,54,000

BSE SME Vivro Financial  
True Colors

25-9-2025

to

29-9-2025

59,49,600 Shares

Rs 113.64 Cr

181 to 191

FV Rs 10

1200 Shares

Rs 2,29,200

BSE SME GYR Capital  
Telge Projects

25-9-2025

to

29-9-2025

25,94,400 Shares

Rs 27.24 Cr

95 to 105

FV Rs 10

2400 Shares

Rs 2,52,000

BSE SME Smart Horizon Capital  
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 (Listing Today) Main Board 90 155 to 165 18 to 20   1,400
  Small HNI / BIg HNI           20,000
2 Dev Accelerator (Listing Today) Main Board 235 56 to 61 5 to 6   1,100
  Small HNI / BIg HNI           15,500
3 Urban Co. (Listing Today) Main Board 145 98 to 103 54 to 55   5,700
  Small HNI / BIg HNI           78,500
4 Euro Pratik Sales Main Board 60 235 to 247 7 to 8   400
  Small HNI / BIg HNI           5,500
5 VMS TMT Main Board 150 94 to 99 22 to 23   2,600
  Small HNI / BIg HNI           36,500
6 i Value Info Solution Main Board 50 284 to 299 19 to 20   800
  Small HNI / BIg HNI           11,000
7 GK Energy Main Board 98 145 to 153 0.00   --
  Small HNI / BIg HNI            
8 Saatvik Green Energy Main Board 32 442 to 465 70 to 71   1,700
  Small HNI / BIg HNI           23,500
9 Atlanta Electricals Main Board 19 718 to 754     --
  Small HNI / BIg HNI            
10 Ganesh Consumer Products Main Board 46 306 to 322      
  Small HNI / BIg HNI            
11 Jinkushal Industries Main Board 120 115 to 121 48 to 50   4,700
  Small HNI / BIg HNI           65,500
 
 
 
SME IPOs

Grey Market Premium

         

(www.smartinvestment.in)

 

Min. Lot

Size (Shares)

Offer Price Premium

Subject to Sauda

as per Premium

(For 1 Lot)-

Galaxy Medicare (Listing Today) BSE SME  2000 51 to 54 0.00 --
Jay Ambe Supermarkets (Listing Today) BSE SME 1600 74 to 78 4 to 5 6,000
Airfloa Rail Technology BSE SME 2000 133 to 140 174 to 175 1,33,000
L.T. Elevator BSE SME 1600 76 to 78 28 to 30 36,500
TechD Cybersecurity NSE SME 600 183 to 193 158 to 160 73,000
Sampat Aluminium Ltd. BSE SME 2400 114 to 120 21 to 22 20,000
JD Cables BSE SME 1600 144 to 152 24 to 25 15,000
Siddhi Cotspin Ltd NSE SME 1200 102 to 168 0.00  
Ecoline Exim NSE SME 2000 134 to 141    
NSB BPO Solutions BSE SME 2000 140 to 147    
Matrix Geo Solutions NSE SME     0.00 --
Aptus Pharma Ltd BSE SME  2000 65 to 70 0.00 --
BharatRohan Airborne  BSE SME  1600 80 to 85 0.00  
Justo Realfintech BSE SME 2000 120 to 127    
True Colors BSE SME 1200 181 to 191    
Telge Projects BSE SME 2400 95 to 105    
DSM Fresh Foods Ltd BSE SME 1200 96 to 101 0.00  
Infinity Infoway BSE SME -- --    

Subscription Figure of Particular IPO’s


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

0.28x

-

NII 27,31,805 0.93x 1.30x -
Retail 63,74,212 0.35x 0.76x -
EMP 59,828 1.30x 2.69x -
Total 1,28,07,308 0.46x 0.75x -

 

Subscription Figure of Euro Pratik Sales Ltd

Investor

Category

Shares

Offered

1st Day

Subscribed

17-9-2025

2nd Day

Subscribed

18-9-2025

3rd Day

Subscribed

19-9-2025

QIB

18,00,000

7.09x

-

-

NII 30,00,000 13.78x - -
Retail 75,00,000 6.56x - -
Total 1,23,00,000 8.40x - -
 

Subscription Figure of SME IPO

IPO

SME

Day

Overall Subscribed

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  Issue Closed On 17-9-2025 718.30
Sampat Aluminium Ltd BSE SME  1st Day Subscription 3.60x
JD Cables Ltd BSE SME  Issue Opens On 18-9-2025  
Siddhi Cotspin Ltd NSE SME  Issue Opens On 19-9-2025  
Ecoline Exim NSE SME Issue Opens on 23-9-2025  
NSB BPO Solutions BSE SME Issue Opens on 23-9-2025  
Matrix Geo Solutions NSE SME Issue Opens on 23-9-2025  
Aptus Pharma Ltd BSE SME  Issue Opens  On 23-9-2025  
BharatRohan Airborne  BSE SME  Issue Opens  On 23-9-2025  
Justo Realfintech BSE SME Issue Opens on 24-9-2025  
True Colors BSE SME Issue Opens on 25-9-2025  
Telge Projects BSE SME Issue Opens on 25-9-2025  
DSM Fresh Foods Ltd BSE SME  Issue Opens  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

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
Atlanta Electricals Main Board 24-9-2025 25-9-2025 26-9-2025 26-9-2025 29-9-2025
Ganesh Consumer Products Main Board 24-9-2025 25-9-2025 26-9-2025 26-9-2025 29-9-2025
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

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
Ecoline Exim NSE SME 25-9-2025 26-9-2025 29-9-2025 29-9-2025 30-9-2025
NSB BPO BSE SME 25-9-2025 26-9-2025 29-9-2025 29-9-2025 30-9-2025
Matrix Geo Solutions NSE SME 25-9-2025 26-9-2025 29-9-2025 29-9-2025 30-9-2025
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
Justo Realfilms BSE SME 26-9-2025 29-9-2025 30-9-2025 30-9-2025 1-10-2025
True Colors BSE SME 29-9-2025 30-9-2025 1-10-2025 1-10-2025 3-10-2025
Telge Projects BSE SME 29-9-2025 30-9-2025 1-10-2025 1-10-2025 3-10-2025
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 544514 78.00 79.00 82.95 79.00 82.95
Shringar House of Mangalsutra  Main Board 17-9-2025 544512 165.00 187.70 191.00 182.45 184.85
Dev Accelerator Ltd. Main Board 17-9-2025 544513 61.00 61.30 64.36 59.00 64.36
Urban Co.Ltd Main Board 17-9-2025 544515 103.00 161.00 179.00 161.00 167.05
Galaxy Medicare Ltd NSE SME  17-9-2025 GML 54.00 54.00 54.00 51.30 51.30
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        
Atlanta Electricals Main Board 29-9-2025   718 to 754        
Ganesh Consumer Products Main Board 29-9-2025   306 to 322        
Ecoline Exim NSE SME 30-9-2025   134 to 141        
NSB BPO BSE SME 30-9-2025   140 to 147        
Matrix Geo Solutions NSE SME 30-9-2025            
Aptus Pharma Ltd BSE SME  30-9-2025   65 to 70        
BharatRohan Airborne  BSE SME  30-9-2025   80 to 85        
Justo Realfilms BSE SME 1-10-2025   120 to 127        
True Colors BSE SME 3-10-2025   181 to 191        
Telge Projects BSE SME 3-10-2025   95 to 105        
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.

Vision

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