Kapil Pawaskar

MBA - Fintech, Computer Science Graduate, CSPO®, Market Ethu

[Kapil Pawaskar @imkapilpawaskar]

Passing this along for folks in Delhi and Kolkata folks:

If you're looking to move past discretionary guesswork and build a rule-based trading process, there’s an offline session happening next month called MANTHAN focused entirely on noiseless momentum and algo setups.

What makes it worth checking out is the structure—zero stock tips or advisory calls, just pure systematic execution:
• Spotting relative strength and momentum filters
• Backtesting rule-based strategies
• Intraday momentum and portfolio design
• Automating equity and derivative setups with algos

🗓️ When: Saturday, 10th October 2026 (10:00 AM – 5:00 PM)
📍 Where: EROS Hotel, Nehru Place, New Delhi
🎟️ Pass: ~₹2,000

Details & registration:
👉 https://t.co/oAd5tRFBad

(Disclaimer: I have no personal financial interest or commercial tie-up with this event—just sharing a genuinely useful learning session for disciplined traders.)

#SystematicTrading #AlgoTrading #StockMarketIndia #DelhiTraders #definedge

[Kapil Pawaskar @imkapilpawaskar]

🚨 FINAL DAY: 6 Mainboard IPOs close TODAY

If you're considering applying, here's my data-based snapshot using subscription + GMP + IPO fundamentals.

👇 My current view:

🟢 Rentomojo — CONSIDER
📊 Subscription: ~4.7x
📈 GMP: ~₹143 / ~35%

Strong demand + strong GMP. One of the most interesting issues of the lot.

🟢 Karamtara Engineering — CONSIDER
📊 Subscription: ~3.6x
📈 GMP: ~₹73 / ~29%

Strong demand across investor categories and positive GMP.

🟢 LCC Projects — CONSIDER, WITH CAUTION
📊 Subscription: ~3.8x
📈 GMP: ~₹45–47 / ~31–32%

Strong demand and GMP, but execution/cash-flow risks deserve attention.

🟠 Asset Reconstruction — CAUTIOUS
📊 Subscription: ~0.9x
📈 GMP: ~₹24 / ~17%
GMP is positive, but investor demand remains relatively weak.

🟠 Steamhouse India — CAUTIOUS
📊 Subscription: ~2.2x
📈 GMP: ~₹20 / ~25%

GMP looks attractive, but the subscription mix — particularly QIB participation — needs attention.

🔴 Manipal Payment — AVOID
📊 Subscription: ~0.3x
📈 GMP: ~₹8 / ~2%

Weak demand + sharply reduced GMP makes the current listing-gain setup less attractive.

🏆 Current ranking
1️⃣ Rentomojo
2️⃣ Karamtara Engineering
3️⃣ LCC Projects
4️⃣ Steamhouse India
5️⃣ Asset Reconstruction
6️⃣ Manipal Payment

Important: GMP is unofficial and can change. Subscription figures can also move significantly during the final day.

⚠️ Disclaimer: This is an AI/data-based analysis for informational and educational purposes only. It is NOT investment advice or a recommendation to apply. Please do your own research and consider your risk profile before investing.

🔍 Full IPO analysis, GMP & subscription tracking:
👉 https://t.co/VrwVmKydGe

#IPO #IndianStockMarket #IPO2026 #GMP #ipoclosing #ipolastday #ipoapply #ipoavoid

[Kapil Pawaskar @imkapilpawaskar]

🚨 Veegaland Developers IPO — DAY 2

Day 1 was decent, but not exactly explosive.

📊 Day 1 Subscription: 0.62x
👥 Retail: 0.82x
🏦 QIB: 0.45x
💼 NII: 0.39x
💰 GMP: ~₹25
📈 Implied listing: ~₹165
🎯 Potential listing gain: ~18%
Issue: ₹210 Cr
Price Band: ₹130–₹140
Lot: 107 shares
Min. investment: ₹14,980
The interesting part 👇

GMP is signalling optimism, but subscription demand still needs to catch up.
For me, the key Day 2 signal is:
👉 Will QIB + NII participation accelerate?
🤖 My AI/data-based view: Watch closely — Day 2 demand could be decisive.

Full Veegaland Developers IPO analysis & live updates:
Nifty20 IPO Analysis
⚠️ GMP is unofficial and can change. This is for informational/educational purposes only, not investment advice.
#VeegalandIPO #IPO #IPO2026 #GMP #IndianStockMarket #AI

[Kapil Pawaskar @imkapilpawaskar]

🚨 Veegaland Developers IPO opens TODAY

The IPO is already getting attention in the grey market.

💰 Price band: ₹130–140
📦 Lot size: 107 shares
💵 Minimum investment: ₹14,980
📊 Issue size: ₹210 Cr
📈 GMP: around ₹27+ (19%)

But here's the interesting part:

Is the GMP justified by the business and valuation? 👀

Veegaland Developers has grown revenue from ₹114.6 Cr in FY24 to ₹254.2 Cr in FY26, while PAT increased from ₹7.9 Cr to ₹26.6 Cr.
That's strong growth.

But investors should also look at:

🏗️ Business & project pipeline
📈 Revenue & profit growth
💰 Valuation
🏦 Debt & cash flows
🏠 Real-estate exposure
🚨 Key risks
🎯 GMP & potential listing gains

🤖 I ran the Veegaland Developers IPO through Nifty20's AI IPO analysis framework.

The bigger question isn't just:

“What is the GMP?”

It's:
“Is the IPO attractive at ₹140?”

👉 Full analysis + GMP + subscription status:
https://t.co/6dgCVRN5Fl

Would you apply for Veegaland Developers IPO?
YES / NO — and why? 👇

#VeegalandIPO #IPO #IndianStockMarket #GMP

[Kapil Pawaskar @imkapilpawaskar]

🚨 FINAL DAY — Steamhouse India IPO

This one has an interesting mismatch between GMP and demand.

📊 Day 2 subscription: ~0.87x
📈 GMP: ~₹20
🎯 Implied listing gain: ~25%
Retail: ~1.42x
NII: ~0.76x
QIB: ~0.004x
Yes — the GMP looks attractive.

But QIB participation is almost non-existent so far.
That's a major point to consider.
Nifty20 AI view: 🟠 CAUTIOUS

Potential listing gains are interesting, but the subscription mix doesn't give me enough confidence to call this a strong application.

👉 Full analysis:
https://t.co/H33pKAImW4

⚠️ Disclaimer: This is AI/data-based analysis for informational purposes only, not investment advice. GMP is unofficial and not a guaranteed listing price.

#SteamhouseIndia #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

🚨 Steamhouse India IPO opens TODAY! 📊🤖

👉 See Nifty20 AI’s complete IPO analysis, GMP & live subscription status:

https://t.co/H33pKAImW4

The ₹414 Cr Steamhouse India IPO opens today at a price band of ₹77–₹81 and closes on September 11. (The Economic Times)

📈 GMP: ~₹18
🎯 GMP-implied listing gain: ~22.2%
💰 Indicative listing price: ~₹99 (NDTV Profit)

But GMP is only one piece of the puzzle.
🤖 Nifty20 AI analyzes Steamhouse India across:
📈 Financial growth & profitability
🏭 Business & competitive strengths
💰 Valuation & fundamentals
📊 Fresh Issue vs OFS
⚠️ Key risks & red flags
🎯 GMP & listing gain potential
🧠 AI-powered IPO verdict

Steamhouse operates in industrial steam and utility solutions, with established pipeline infrastructure serving industrial clusters.

GMP says ~22%. What does Nifty20 AI say? 👀

👉 Check the full AI analysis before you apply:
https://t.co/H33pKAImW4

Analyze before you apply. Track after you apply.

🤖 Powered by Nifty20 AI
#SteamhouseIndia #IPO #IPO2026 #Nifty20 #StockMarket #Investing #AI

[Kapil Pawaskar @imkapilpawaskar]

📊 Steamhouse India IPO — Day 2

Day 1 demand was relatively muted.

📊 Day 1 subscription: ~0.42x
GMP: ~₹18
🎯 Implied listing gain: ~22%
That's an interesting disconnect.
GMP suggests optimism.
Subscription data is more cautious.

Which signal matters more?

That's what I'll be watching as Day 2 progresses.
🤖 Full Nifty20 AI IPO analysis:
👉 https://t.co/H33pKAImW4

#SteamhouseIndia #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

🚨 FINAL DAY — Manipal Payment IPO

This IPO is showing one of the weakest demand profiles among today's closing issues.

📊 Day 2 subscription: ~0.31x
📉 GMP: ~₹8
🎯 Implied listing gain: only ~2–3%
QIB: ~0.03x
NII: ~0.25x
Retail: ~1.22x
The retail response has improved, but institutional participation remains extremely weak.

Nifty20 AI view: 🔴 AVOID / WAIT
The business may have attractive characteristics, but the current demand + GMP combination doesn't provide a compelling listing-gain setup.
👉 Full Nifty20 analysis:
https://t.co/yxiYijo5Za

⚠️ Disclaimer: AI/data-based analysis only — not investment advice. GMP is unofficial and can change before listing.

#ManipalPaymentIPO #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

🚨 Manipal Payment IPO opens TODAY! 📊🤖

👉 See Nifty20 AI’s complete IPO analysis, GMP & live subscription status:

https://t.co/yxiYijo5Za

The ₹805 Cr IPO is open for subscription from Sep 9–11, with a price band of ₹322–₹339. (Nifty20)

📈 Current GMP: ₹37
🎯 GMP-implied listing gain: ~10.9%
💰 Indicative listing price: ₹376 (Nifty20)

But what does Nifty20 AI think? 👀
🤖 AI-predicted listing gain: +4.2%
The AI analysis weighs the GMP against:

💪 ROE: 29.35%
⚡ ROCE: 32.69%
🌍 Global presence across UK, Europe & MEA
🏆 Strong position in payment-card manufacturing
⚠️ 60% OFS component
⚠️ PAT declined from FY25 to FY26
📈 Opportunity in digital payments, IoT & smart identity

GMP says ~11%. Nifty20 AI says ~4.2%. Why the difference? 🤔

👉 Check the complete AI analysis before you apply:
https://t.co/yxiYijo5Za

Analyze beyond GMP. Apply with better insight. 🤖📊

#ManipalPayment #IPO #IPO2026 #Nifty20 #StockMarket #Investing #AI

[Kapil Pawaskar @imkapilpawaskar]

🚨 FINAL DAY — Asset Reconstruction Company IPO

This one has a very interesting disconnect.

📊 Day 2 subscription: ~0.66x
📈 GMP: ~₹27–30
🎯 Potential listing gain: ~20%+
💰 Price band: ₹132–139
Retail: ~0.97x
NII: ~0.69x
QIB: just ~0.10x
So far:
GMP looks positive.
Actual demand looks cautious.

And there's another important point:
⚠️ This is a 100% OFS issue.
Nifty20 AI view: 🟠 CAUTIOUS

Potential listing gains look interesting, but the weak institutional participation makes this a higher-risk call.

👉 Full analysis:
https://t.co/kPmZ4xepJD
⚠️ Disclaimer: This is AI/data-based analysis, not investment advice. GMP is unofficial and should not be treated as a guaranteed listing price.

#ARCILIPO #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

🔥 ARCIL IPO opens TODAY!

Asset Reconstruction Co. (India) Ltd.

💰 Band: ₹132–139 | GMP: +₹26 | Est. listing ~₹165 (+18.7%)
📊 ₹733 Cr pure OFS | Lot: 107 shares
🏦 SBI-backed | Strong PAT margins

Closes 11 Sep | Lists 17 Sep

Full details + AI analysis 👇
https://t.co/kPmZ4xeXzb

#IPO #ARCIL #Nifty20 #StockMarket

[Kapil Pawaskar @imkapilpawaskar]

🚨 FINAL DAY — LCC Projects IPO

The numbers are getting more interesting.

📊 Subscription: ~1.32x
📈 GMP: ~₹40–45
🎯 Implied listing gain: ~27–31%
💰 Price band: ₹139–146
NII demand is currently the strongest category, while QIB demand has also crossed 1x.
Nifty20 AI view: 🟢 CONSIDER — but with caution
The positives: strong order visibility and GMP.

The concern: EPC businesses can be working-capital intensive, with execution and cash-flow risks.

👉 Full analysis:
https://t.co/8Fs4GGlQp1

⚠️ Disclaimer: AI/data-based analysis for educational purposes only. Not investment advice. GMP is unofficial and can change significantly.

#LCCProjectsIPO #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

🚨 LCC Projects IPO opens TODAY! 📊🤖

👉 See Nifty20 AI’s complete IPO analysis, GMP & live subscription status:
https://t.co/8Fs4GGlQp1

The ₹427 Cr LCC Projects IPO opens today at a price band of ₹139–₹146.

📈 GMP: ~₹34
🎯 Indicative listing gain: ~23%

LCC Projects is an EPC company focused on irrigation, water supply, dams, canals and related infrastructure projects. (ipostation)
But is the IPO worth applying for? 🤔

🤖 Nifty20 AI analyzes LCC Projects across:

📈 Financial growth & profitability
💰 Valuation & fundamentals
🏗️ Business & order-book strength
📊 Fresh Issue vs OFS
⚠️ Key risks & red flags
🎯 GMP & listing gain potential
🧠 AI-powered IPO verdict

GMP is interesting. But what does Nifty20 AI think? 👀

👉 Check the full AI analysis before you apply:
https://t.co/8Fs4GGlQp1

Analyze before you apply. Track after you apply.
🤖 Powered by Nifty20 AI

#LCCProjects #IPO #IPO2026 #Nifty20 #StockMarket #Investing #AI

[Kapil Pawaskar @imkapilpawaskar]

🚨 FINAL DAY — Karamtara Engineering IPO

The demand has picked up strongly.

📊 Day 2 subscription: ~3.80x
📈 GMP: ~₹69
🎯 Implied gain: ~27%
💰 Price band: ₹241–254
QIB: ~2.40x
NII: ~6.49x
Retail: ~3.45x
That's a fairly strong subscription profile across categories.
Nifty20 AI view: 🟢 CONSIDER

The key risk remains valuation and execution — so listing gains and long-term investment are two different questions.
👉 Full AI analysis:
https://t.co/qQyXVsKREP
⚠️ Disclaimer: Data-based/AI-assisted analysis only. Not investment advice. GMP is unofficial and not a guaranteed listing price.

#KaramtaraIPO #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

🚨 Karamtara Engineering IPO opens TODAY! 📊🤖

👉 See Nifty20 AI’s complete IPO analysis, GMP & live subscription status:

https://t.co/qQyXVsKREP

The ₹875 Cr IPO opens today at ₹241–₹254 per share.

📈 GMP: ₹68
🎯 GMP-implied listing gain: ~26.8%
💰 Expected listing price: ~₹322

But GMP isn't the whole story.

🤖 Nifty20 AI predicts a ~17.1% listing gain after analyzing the IPO's fundamentals, valuation, issue structure and risks.

Key AI takeaways:

✅ Strong revenue & PAT growth
💪 ROE: 20.77% | ROCE: 23.27%
🌍 Exports to 50+ countries
🏭 Backward-integrated manufacturing model
⚠️ Debt/Equity: 0.72
⚠️ Exposure to renewable energy & raw-material price fluctuations

The IPO also includes a ₹675 Cr fresh issue and ₹200 Cr OFS. (Nifty20)

GMP says ~27%. Nifty20 AI says ~17.1%. 👀

👉 See the full AI analysis and decide for yourself:
https://t.co/qQyXVsKREP

Analyze before you apply. Track after you apply. 🤖📊

#KaramtaraEngineering #IPO #IPO2026 #Nifty20 #StockMarket #Investing #AI

[Kapil Pawaskar @imkapilpawaskar]

🚨 FINAL DAY — Rentomojo IPO

This one has attracted strong investor interest.

📊 Subscription: ~4.71x
📈 GMP: ~₹134 / ~33%
💰 Price band: ₹384–404
The combination of strong subscription + strong GMP is clearly positive for potential listing gains.
Nifty20 AI view: 🟢 CONSIDER

But the valuation and long-term profitability still need to justify the excitement.

👉 Full analysis + live GMP/subscription:
https://t.co/X46AaqWC2H

⚠️ Disclaimer: This is an AI/data-based analysis, not investment advice. GMP is unofficial and can change. Do your own research before applying.

#RentomojoIPO #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

🚨 Rentomojo IPO opened today — and GMP is sending a strong signal.

GMP: ~₹134
Price band: ₹384–404
Implied listing price: ~₹538
Potential listing gain: ~33%
But here's the question:
Is Rentomojo actually worth applying for, or is the GMP creating too much hype? 🧵👇

[Kapil Pawaskar @imkapilpawaskar]

📊 Asset Reconstruction Company IPO — Day 2 Update

The IPO got a cautious response on Day 1.

📉 Day 1 subscription: 0.38x
• Retail: 0.56x
• NII: 0.33x
• QIB: 0.09x

Meanwhile, GMP is around ₹27–30, implying roughly 20% potential listing gain at the upper price band.

👀 That's an interesting disconnect:
Positive GMP + weak Day 1 subscription

Will institutional demand pick up on Day 2?

One more thing to note: this is a 100% OFS issue, so the company won't receive fresh capital from the IPO.

🤖 Nifty20 AI analysis covers the business, financials, valuation, IPO structure, risks & GMP:

👉 https://t.co/kPmZ4xepJD

#AssetReconstructionIPO #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

📊 LCC Projects IPO — Day 2 Update

Day 1 is done. Now the real test begins.

📈 GMP: ~₹27–30
🎯 Implied listing gain: ~18–21%
Today I'm watching the QIB + NII response closely.

A strong GMP can attract retail investors — but institutional demand is what I'd want to see before becoming more confident about the issue.

Day 2 subscription will be the key signal.

🤖 Nifty20 AI analysis + live GMP & subscription:
👉 https://t.co/8Fs4GGlizt

#LCCProjectsIPO #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

📊 Karamtara Engineering IPO — Day 2

Interesting start to the IPO.

Day 1 subscription: ~1.3x

GMP: around ₹70+
🎯 Implied listing gain: ~28%
What's interesting is that QIB, NII and retail all showed demand on Day 1.

Now the question:

👉 Does institutional demand accelerate on Day 2?

Karamtara is also raising substantial fresh capital, primarily for its balance sheet/corporate requirements — so I'm looking beyond the GMP.

🤖 Full Nifty20 AI analysis:
👉 https://t.co/qQyXVsKREP

#KaramtaraIPO #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

📊 Manipal Payment IPO — Day 2

The IPO is now into Day 2.

GMP: ~₹37
🎯 Implied listing gain: ~11%
But unlike some of the other IPOs opening this week, the initial demand has been more measured.

That's what I'm watching today:

🔹 QIB demand
🔹 NII/HNI participation
🔹 Retail subscription
🔹 GMP trend

Manipal Payment has a strong position in payment-card issuance, but valuation matters.

🤖 Nifty20 AI analysis + live subscription:
👉 https://t.co/yxiYijo5Za

#ManipalPaymentIPO #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

📊 Rentomojo IPO — Day 2 Update

The IPO is now in Day 2 of bidding.

🔥 Day 1 subscription: ~1.42x

GMP has also strengthened to around ₹134–₹140, implying roughly 33–35% potential listing gain at the upper price band.

But here's what I'm watching today:

• QIB participation
• NII/HNI demand
• Retail response
• GMP movement

Rentomojo is already fully subscribed — now the question is how strong the demand gets by the end of Day 2.

🤖 Full Nifty20 AI analysis + live subscription & GMP:
👉 https://t.co/X46AaqWC2H

#RentomojoIPO #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

⚠️ LAST DAY: Prasol Chemicals IPO

GMP: ~₹40
Price band: ₹643–676
Implied listing gain: ~6%
Subscription: 0.72x

Quite a different picture from Kanohar and Glass Wall.

So is the lower demand a warning sign — or an opportunity?

🤖 I looked at Prasol's business, financials, valuation, risks & IPO structure:

👉 https://t.co/DE8h5HdAWh

#PrasolChemicals #IPO #GMP #IndianStockMarket

[Kapil Pawaskar @imkapilpawaskar]

🚨 3 IPOs CLOSE TODAY!

If you're tracking Indian IPOs, today is an important deadline.

🔴 Kanohar Electricals
GMP: ~₹218 | ~34% implied gain
Subscription: 10.22x

🟠 Glass Wall Systems
GMP: ~₹55 | ~30% implied gain
Subscription: 8.22x

🟡 Prasol Chemicals
GMP: ~₹40 | ~6% implied gain
Subscription: 0.72x

The difference is interesting 👀

One has 10x+ subscription, another is still below 1x.
But should you apply just because GMP is high?
I've analyzed all 3 on Nifty20 — fundamentals, valuation, IPO structure, risks, GMP & AI verdict.

👇 I'll post the individual analysis below.

#IPO #IndianStockMarket #IPO2026 #GMP

[Kapil Pawaskar @imkapilpawaskar]

🚨 LAST DAY: Glass Wall Systems IPO

GMP: ~₹55
Price band: ₹172–182
Implied listing gain: ~30%
Subscription: 8.22x
Retail demand is particularly strong.

But there's an important detail in the IPO structure that investors should look at before applying.

🤖 Nifty20 AI breaks down the business, valuation, OFS, risks, GMP & listing potential:

👉 https://t.co/uThMe8HA1g

#GlassWallSystems #IPO #GMP #IndianStockMarket