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Atmastco IPO vs Polysil Irrigation Systems IPO

Comparison between Atmastco IPO and Polysil Irrigation Systems IPO.

IPO Details

Atmastco IPO is a SME Fixed Price IPO proposed to list at NSE SME while Polysil Irrigation Systems IPO is a SME Fixed Price proposed to list at NSE SME.

 Atmastco IPOPolysil Irrigation Systems IPO
LogoAtmastco IPO LogoPolysil Irrigation Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersAffinity Global Capital Market Pvt.Ltd.Fedex Securities Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerAsnani Stock Broker Pvt.Ltd.Market-Hub Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Atmastco IPO is up to ₹53.43 Cr whereas the issue size of the Polysil Irrigation Systems IPO is up to ₹16.55 Cr. The final issue price of Atmastco IPO is ₹77.00 per share and of Polysil Irrigation Systems IPO is ₹54.00 per share.

 Atmastco IPOPolysil Irrigation Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹77.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size51,13,600 shares12,80,000 shares
Fresh Issue Size (Amount)up to ₹39.37 Crup to ₹6.91 Cr
OFS Issue Size18,25,600 shares17,84,000 shares
OFS Issue Size (Amount)up to ₹14.06 Crup to ₹9.63 Cr
Issue Size Total69,39,200 shares30,64,000 shares
Issue Size Total (Amount)up to ₹53.43 Crup to ₹16.55 Cr

IPO Timetable

Atmastco IPO opens on Feb 15, 2024, while Polysil Irrigation Systems IPO opens on Feb 08, 2024. The closing date of Atmastco IPO and Polysil Irrigation Systems IPO is Feb 20, 2024, and Feb 13, 2024, respectively.

 Atmastco IPOPolysil Irrigation Systems IPO
Anchor Bid Date
Issue OpenFeb 15, 2024Feb 08, 2024
Issue CloseFeb 20, 2024Feb 13, 2024
Basis Of Allotment (Tentative)Feb 21, 2024Feb 14, 2024
Initiation of Refunds (Tentative)Feb 22, 2024Feb 15, 2024
Credit of Share (Tentative)Feb 22, 2024Feb 15, 2024
Listing date (Tentative)Feb 23, 2024Feb 16, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Atmastco IPO P/E ratio is 11.6, as compared to Polysil Irrigation Systems IPO P/E ratio of 47.08.

 Atmastco IPOPolysil Irrigation Systems IPO
Financials

Atmastco Limited Financial Information (Restated Consolidated)

Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets24,391.5623,620.7213,273.9412,036.21
Total Income6,700.1624,278.769,468.146,990.68
Profit After Tax628.741,277.75323.0060.46
Net Worth6,259.035,520.334,235.233,912.23
Reserves and Surplus4,763.724,039.202,754.102,431.10
Total Borrowing7,317.467,125.685,155.925,410.48
Amount in ₹ Lakhs

Polysil Irrigation Systems Limited Financial Information (Restated)

Polysil Irrigation Systems Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 236.39% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,671.495,531.464,616.804,178.47
Total Income1,019.744,392.493,767.215,471.58
Profit After Tax110.31113.5333.7564.81
Net Worth1,646.021,535.711,372.061,338.31
Reserves and Surplus656.31546.001,326.561,292.82
Total Borrowing1,566.171,547.251,494.961,104.83
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.3933.79
Promoter Shareholding (Post-Issue)68.4329.49
P/E Ratio11.647.08
Market Cap₹190.46 Cr.₹61.24 Cr.
ROE23.15%7.39%
ROCE29.91%12.81%
Debt/Equity0.481.01
EPS₹6.64₹1.15
RoNW23.15%7.39%

Shares Offered

In the Atmastco IPO Retail Individual Investors (RII) are offered 34,69,600 shares while in Polysil Irrigation Systems IPO retail investors are offered 34,69,600 shares. Qualified Institutional Buyers (QIB) are offered in Atmastco IPO and in Polysil Irrigation Systems IPO.

 Atmastco IPOPolysil Irrigation Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration3,66,400 shares1,64,000 shares
QIB
NII34,69,600 shares15,32,000 shares
RII34,69,600 shares15,32,000 shares
Employee
Others
Total69,39,200 shares30,64,000 shares

Bids Received (Subscription)

Atmastco IPO subscribed 17.61x in total, whereas Polysil Irrigation Systems IPO subscribed 6.88x.

 Atmastco IPOPolysil Irrigation Systems IPO
QIB (times)
NII (times)14.92x2.12x
Big NII (times)
Small NII (times)
RII (times)18.24x11.62x
Employee (times)
Other (times)
Total (times)17.61x6.88x