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Aztec Fluids IPO vs Silkflex Polymers IPO

Comparison between Aztec Fluids IPO and Silkflex Polymers IPO.

IPO Details

Aztec Fluids IPO is a SME Fixed Price IPO proposed to list at BSE SME while Silkflex Polymers IPO is a SME Fixed Price proposed to list at NSE SME.

 Aztec Fluids IPOSilkflex Polymers IPO
LogoAztec Fluids IPO LogoSilkflex Polymers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aztec Fluids IPO is up to ₹22.90 Cr whereas the issue size of the Silkflex Polymers IPO is up to ₹17.18 Cr. The final issue price of Aztec Fluids IPO is ₹67.00 per share and of Silkflex Polymers IPO is ₹52.00 per share.

 Aztec Fluids IPOSilkflex Polymers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹63.00 per share
Issue Price (Upper)₹67.00 per share
Issue Price (Final)₹67.00 per share₹52.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size34,18,000 shares33,04,000 shares
Fresh Issue Size (Amount)up to ₹22.90 Crup to ₹17.18 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,18,000 shares33,04,000 shares
Issue Size Total (Amount)up to ₹22.90 Crup to ₹17.18 Cr

IPO Timetable

Aztec Fluids IPO opens on May 10, 2024, while Silkflex Polymers IPO opens on May 07, 2024. The closing date of Aztec Fluids IPO and Silkflex Polymers IPO is May 14, 2024, and May 10, 2024, respectively.

 Aztec Fluids IPOSilkflex Polymers IPO
Anchor Bid DateMay 09, 2024
Issue OpenMay 10, 2024May 07, 2024
Issue CloseMay 14, 2024May 10, 2024
Basis Of Allotment (Tentative)May 15, 2024May 13, 2024
Initiation of Refunds (Tentative)May 16, 2024May 14, 2024
Credit of Share (Tentative)May 16, 2024May 14, 2024
Listing date (Tentative)May 17, 2024May 15, 2024
Anchor Lockin End date 1Jun 14, 2024
Anchor Lockin End date 2Aug 13, 2024

Financials & KPIs

Aztec Fluids IPO P/E ratio is 20.47, as compared to Silkflex Polymers IPO P/E ratio of 53.76.

 Aztec Fluids IPOSilkflex Polymers IPO
Financials

Aztec Fluids & Machinery Limited Financial Information (Restated)

Aztec Fluids & Machinery Limited's revenue increased by 17.46% and profit after tax (PAT) rose by 5.18% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,287.003,090.062,707.752,112.81
Total Income5,182.385,452.974,642.563,467.75
Profit After Tax450.74327.38311.25246.28
Net Worth1,986.341,535.601,238.56958.92
Reserves and Surplus986.341,335.601,237.56957.92
Total Borrowing565.95562.31552.40514.34
Amount in ₹ Lakhs

Silkflex Polymers (India) Limited Financial Information (Restated)

Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,446.352,374.731,968.811,314.06
Total Income3,381.553,442.252,804.522,096.07
Profit After Tax256.6678.5968.5945.35
Net Worth1,073.28816.62738.03513.51
Reserves and Surplus260.78566.62488.03308.06
Total Borrowing1,716.181,208.31994.50612.81
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0099.84
Promoter Shareholding (Post-Issue)69.89
P/E Ratio20.4753.76
Market Cap₹91.12 Cr.₹60.36 Cr.
ROE25.60%23.91%
ROCE25.38%41.04%
Debt/Equity0.281.60
EPS₹3.27₹0.97
RoNW22.69%23.91%

Shares Offered

In the Aztec Fluids IPO Retail Individual Investors (RII) are offered 11,98,000 shares while in Silkflex Polymers IPO retail investors are offered 11,98,000 shares. Qualified Institutional Buyers (QIB) are offered 6,84,000 shares in Aztec Fluids IPO and in Silkflex Polymers IPO.

 Aztec Fluids IPOSilkflex Polymers IPO
Anchor Investor Reserveration10,22,000 shares
Market Maker Reserveration1,82,000 shares1,78,000 shares
QIB6,84,000 shares
NII5,14,000 shares16,52,000 shares
RII11,98,000 shares16,52,000 shares
Employee
Others
Total34,18,000 shares33,04,000 shares

Bids Received (Subscription)

Aztec Fluids IPO subscribed 218.38x in total, whereas Silkflex Polymers IPO subscribed 39.30x.

 Aztec Fluids IPOSilkflex Polymers IPO
QIB (times)107.93x
NII (times)341.94x36.59x
Big NII (times)
Small NII (times)
RII (times)228.43x35.97x
Employee (times)
Other (times)
Total (times)218.38x39.30x