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Deccan Transcon Leasing IPO vs SPP Polymer IPO

Comparison between Deccan Transcon Leasing IPO and SPP Polymer IPO.

IPO Details

Deccan Transcon Leasing IPO is a SME Fixed Price IPO proposed to list at NSE SME while SPP Polymer IPO is a SME Fixed Price proposed to list at NSE SME.

 Deccan Transcon Leasing IPOSPP Polymer IPO
LogoDeccan Transcon Leasing IPO LogoSPP Polymer IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersUnistone Capital Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.B.N.Rathi Securities 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 Deccan Transcon Leasing IPO is up to ₹61.50 Cr whereas the issue size of the SPP Polymer IPO is up to ₹23.25 Cr. The final issue price of Deccan Transcon Leasing IPO is ₹108.00 per share and of SPP Polymer IPO is ₹59.00 per share.

 Deccan Transcon Leasing IPOSPP Polymer IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹102.00 per share
Issue Price (Upper)₹108.00 per share
Issue Price (Final)₹108.00 per share₹59.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size51,94,000 shares39,40,000 shares
Fresh Issue Size (Amount)up to ₹56.10 Crup to ₹23.25 Cr
OFS Issue Size5,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹5.40 Crup to ₹0.00 Cr
Issue Size Total56,94,000 shares39,40,000 shares
Issue Size Total (Amount)up to ₹61.50 Crup to ₹23.25 Cr

IPO Timetable

Deccan Transcon Leasing IPO opens on Sep 13, 2024, while SPP Polymer IPO opens on Sep 10, 2024. The closing date of Deccan Transcon Leasing IPO and SPP Polymer IPO is Sep 19, 2024, and Sep 12, 2024, respectively.

 Deccan Transcon Leasing IPOSPP Polymer IPO
Anchor Bid DateSep 12, 2024
Issue OpenSep 13, 2024Sep 10, 2024
Issue CloseSep 19, 2024Sep 12, 2024
Basis Of Allotment (Tentative)Sep 20, 2024Sep 13, 2024
Initiation of Refunds (Tentative)Sep 23, 2024Sep 16, 2024
Credit of Share (Tentative)Sep 23, 2024Sep 16, 2024
Listing date (Tentative)Sep 24, 2024Sep 17, 2024
Anchor Lockin End date 1Oct 19, 2024
Anchor Lockin End date 2Dec 18, 2024

Financials & KPIs

Deccan Transcon Leasing IPO P/E ratio is 15.72, as compared to SPP Polymer IPO P/E ratio of 66.72.

 Deccan Transcon Leasing IPOSPP Polymer IPO
Financials

Deccan Transcon Leasing Limited Financial Information (Restated Consolidated)

Deccan Transcon Leasing Limited's revenue decreased by -15% and profit after tax (PAT) rose by 38% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets7,721.585,407.723,924.64
Total Income15,363.7618,061.7615,319.4
Profit After Tax1,181.89855.7519.1
Net Worth3,221.322,028.261,207.59
Reserves and Surplus1,501.371,808.26987.59
Total Borrowing2,309.551,775.49989.82
Amount in ₹ Lakhs

SPP Polimers Limited Financial Information (Restated Consolidated)

SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets7,619.397,091.895,417.983,821.87
Total Income2,895.859,381.296,677.478,077.96
Profit After Tax91.3399.454.4228.01
Net Worth2,591.642,500.32,433.641,971.82
Reserves and Surplus1,500.271,408.932,152.611,697.22
Total Borrowing1,871.941,897.822,215.181,262.21
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)87.1794.99
Promoter Shareholding (Post-Issue)69.37
P/E Ratio15.7266.72
Market Cap₹245.41 Cr.₹90.81 Cr.
ROE45.03%8.01%
ROCE41.43%4.27%
Debt/Equity0.720.71
EPS₹6.87₹0.88
RoNW36.69%3.98%

Shares Offered

In the Deccan Transcon Leasing IPO Retail Individual Investors (RII) are offered 19,93,200 shares while in SPP Polymer IPO retail investors are offered 19,93,200 shares. Qualified Institutional Buyers (QIB) are offered 14,46,000 shares in Deccan Transcon Leasing IPO and in SPP Polymer IPO.

 Deccan Transcon Leasing IPOSPP Polymer IPO
Anchor Investor Reserveration14,00,400 shares
Market Maker Reserveration3,30,000 shares2,10,000 shares
QIB14,46,000 shares
NII8,54,400 shares19,70,000 shares
RII19,93,200 shares19,70,000 shares
Employee
Others
Total56,94,000 shares39,40,000 shares

Bids Received (Subscription)

Deccan Transcon Leasing IPO subscribed 102.60x in total, whereas SPP Polymer IPO subscribed 43.29x.

 Deccan Transcon Leasing IPOSPP Polymer IPO
QIB (times)42.07x
NII (times)147.76x22.35x
Big NII (times)
Small NII (times)
RII (times)127.18x59.87x
Employee (times)
Other (times)
Total (times)102.60x43.29x