Aztec Fluids IPO vs TGIF Agribusiness IPO

Comparison between Aztec Fluids IPO and TGIF Agribusiness IPO.

IPO Details

Aztec Fluids IPO is a SME Fixed Price IPO proposed to list at BSE SME while TGIF Agribusiness IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Aztec Fluids IPO is up to ₹22.90 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.07 Cr. The final issue price of Aztec Fluids IPO is ₹67.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

 Aztec Fluids IPOTGIF Agribusiness 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₹93.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size34,18,000 shares6,52,800 shares
Fresh Issue Size (Amount)up to ₹22.90 Crup to ₹6.07 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,18,000 shares6,52,800 shares
Issue Size Total (Amount)up to ₹22.90 Crup to ₹6.07 Cr

IPO Timetable

Aztec Fluids IPO opens on May 10, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Aztec Fluids IPO and TGIF Agribusiness IPO is May 14, 2024, and May 10, 2024, respectively.

 Aztec Fluids IPOTGIF Agribusiness IPO
Anchor Bid DateMay 09, 2024
Issue OpenMay 10, 2024May 08, 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 TGIF Agribusiness IPO P/E ratio of 13.58.

 Aztec Fluids IPOTGIF Agribusiness IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets42.8730.9027.0821.13
Total Income51.8254.5346.4334.68
Profit After Tax4.513.273.112.46
NET Worth19.8615.3612.399.59
Reserves and Surplus9.8613.3612.389.58
Total Borrowing5.665.625.525.14
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets2.821.880.652.92
Total Income1.722.322.071.82
Profit After Tax0.811.301.150.38
NET Worth1.901.760.462.58
Total Borrowing0.67
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0099.80
Promoter Shareholding (Post-Issue)73.28
P/E Ratio20.4713.58
Market Cap₹91.12 Cr.₹24.06 Cr.
ROE25.60%
ROCE25.38%
Debt/Equity0.28
EPS₹3.27₹6.85
RoNW22.69%42.85

Shares Offered

In the Aztec Fluids IPO Retail Individual Investors (RII) are offered 11,98,000 shares while in TGIF Agribusiness 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 TGIF Agribusiness IPO.

 Aztec Fluids IPOTGIF Agribusiness IPO
Anchor Investor Reservation10,22,000 shares
Market Maker Reservation1,82,000 shares34,800 shares
QIB6,84,000 shares
NII5,14,000 shares3,26,400 shares
RII11,98,000 shares3,26,400 shares
Employee
Others
Total34,18,000 shares6,52,800 shares

Bids Received (Subscription)

Aztec Fluids IPO subscribed 218.38x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.

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Aztec Fluids IPO Vs TGIF Agribusiness IPO