Comparison between Divyadhan Recycling IPO and Phoenix Overseas IPO.
Divyadhan Recycling IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Phoenix Overseas IPO is a SME Bookbuilding proposed to list at NSE SME.
| Divyadhan Recycling IPO | Phoenix Overseas IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Khandwala Securities Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Kantilal Chhaganlal Securities Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Divyadhan Recycling IPO is up to ₹22.89 Cr whereas the issue size of the Phoenix Overseas IPO is up to ₹34.23 Cr. The final issue price of Divyadhan Recycling IPO is ₹64.00 per share and of Phoenix Overseas IPO is ₹64.00 per share.
| Divyadhan Recycling IPO | Phoenix Overseas IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹60.00 per share | ₹61.00 per share |
| Issue Price (Upper) | ₹64.00 per share | ₹64.00 per share |
| Issue Price (Final) | ₹64.00 per share | ₹64.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 35,76,000 shares | 42,98,000 shares |
| Fresh Issue Size (Amount) | up to ₹22.89 Cr | up to ₹27.51 Cr |
| OFS Issue Size | 0 shares | 10,50,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹6.72 Cr |
| Issue Size Total | 35,76,000 shares | 53,48,000 shares |
| Issue Size Total (Amount) | up to ₹22.89 Cr | up to ₹34.23 Cr |
Divyadhan Recycling IPO opens on Sep 26, 2024, while Phoenix Overseas IPO opens on Sep 20, 2024. The closing date of Divyadhan Recycling IPO and Phoenix Overseas IPO is Sep 30, 2024, and Sep 24, 2024, respectively.
| Divyadhan Recycling IPO | Phoenix Overseas IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2024 | |
| Issue Open | Sep 26, 2024 | Sep 20, 2024 |
| Issue Close | Sep 30, 2024 | Sep 24, 2024 |
| Basis Of Allotment (Tentative) | Oct 01, 2024 | Sep 25, 2024 |
| Initiation of Refunds (Tentative) | Oct 03, 2024 | Sep 26, 2024 |
| Credit of Share (Tentative) | Oct 03, 2024 | Sep 26, 2024 |
| Listing date (Tentative) | Oct 04, 2024 | Sep 27, 2024 |
| Anchor Lockin End date 1 | Nov 03, 2024 | |
| Anchor Lockin End date 2 | Jan 03, 2025 |
Divyadhan Recycling IPO P/E ratio is 28.34, as compared to Phoenix Overseas IPO P/E ratio of 17.18.
| Divyadhan Recycling IPO | Phoenix Overseas IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Divyadhan Recycling Industries Limited Financial Information (Restated)Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.
| Phoenix Overseas Limited Financial Information (Restated Standalone)Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 94.06 | 99.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.34 | 17.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹91.56 Cr. | ₹123.81 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.42% | 10.74% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 20.76% | 15.28% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.47 | 0.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.26 | ₹3.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.42% | 10.74% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Divyadhan Recycling IPO Retail Individual Investors (RII) are offered 12,52,000 shares while in Phoenix Overseas IPO retail investors are offered 12,52,000 shares. Qualified Institutional Buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling IPO and 8,00,000 shares in Phoenix Overseas IPO.
| Divyadhan Recycling IPO | Phoenix Overseas IPO | |
|---|---|---|
| Anchor Investor Reserveration | 10,70,000 shares | |
| Market Maker Reserveration | 2,00,000 shares | 2,82,000 shares |
| QIB | 7,16,000 shares | 8,00,000 shares |
| NII | 5,38,000 shares | 23,00,000 shares |
| RII | 12,52,000 shares | 22,48,000 shares |
| Employee | ||
| Others | ||
| Total | 35,76,000 shares | 53,48,000 shares |
Divyadhan Recycling IPO subscribed 40.93x in total, whereas Phoenix Overseas IPO subscribed 119.22x.
| Divyadhan Recycling IPO | Phoenix Overseas IPO | |
|---|---|---|
| QIB (times) | 29.39x | 65.74x |
| NII (times) | 76.03x | 109.71x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 32.43x | 148.43x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 40.93x | 119.22x |
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