Divyadhan Recycling IPO vs Thinking Hats Entertainment IPO

Comparison between Divyadhan Recycling IPO and Thinking Hats Entertainment IPO.

IPO Details

Divyadhan Recycling IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Thinking Hats Entertainment IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Divyadhan Recycling IPO is up to ₹22.89 Cr whereas the issue size of the Thinking Hats Entertainment IPO is up to ₹14.30 Cr. The final issue price of Divyadhan Recycling IPO is ₹64.00 per share and of Thinking Hats Entertainment IPO is ₹44.00 per share.

 Divyadhan Recycling IPOThinking Hats Entertainment IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹60.00 per share₹42.00 per share
Issue Price (Upper)₹64.00 per share₹44.00 per share
Issue Price (Final)₹64.00 per share₹44.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares3000 shares
Fresh Issue Size35,76,000 shares32,49,000 shares
Fresh Issue Size (Amount)up to ₹22.89 Crup to ₹14.30 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,76,000 shares32,49,000 shares
Issue Size Total (Amount)up to ₹22.89 Crup to ₹14.30 Cr

IPO Timetable

Divyadhan Recycling IPO opens on Sep 26, 2024, while Thinking Hats Entertainment IPO opens on Sep 25, 2024. The closing date of Divyadhan Recycling IPO and Thinking Hats Entertainment IPO is Sep 30, 2024, and Sep 27, 2024, respectively.

 Divyadhan Recycling IPOThinking Hats Entertainment IPO
Anchor Bid DateSep 25, 2024
Issue OpenSep 26, 2024Sep 25, 2024
Issue CloseSep 30, 2024Sep 27, 2024
Basis Of Allotment (Tentative)Oct 01, 2024Sep 30, 2024
Initiation of Refunds (Tentative)Oct 03, 2024Oct 01, 2024
Credit of Share (Tentative)Oct 03, 2024Oct 01, 2024
Listing date (Tentative)Oct 04, 2024Oct 03, 2024
Anchor Lockin End date 1Nov 03, 2024
Anchor Lockin End date 2Jan 03, 2025

Financials & KPIs

Divyadhan Recycling IPO P/E ratio is 28.34, as compared to Thinking Hats Entertainment IPO P/E ratio of 12.89.

 Divyadhan Recycling IPOThinking Hats Entertainment IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets24.1219.3917.68
Total Income59.1358.1659.82
Profit After Tax2.382.160.53
NET Worth12.918.536.37
Reserves and Surplus7.643.531.37
Total Borrowing6.075.468.00
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets24.0314.576.41
Total Income26.7022.2812.45
Profit After Tax3.092.010.37
NET Worth11.005.733.72
Reserves and Surplus10.124.972.96
Total Borrowing5.434.140.29
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)94.0678.29
Promoter Shareholding (Post-Issue)69.2456.78
P/E Ratio28.3412.89
Market Cap₹91.56 Cr.₹54.94 Cr.
ROE18.4228.11
ROCE20.7629.37
Debt/Equity0.470.49
EPS₹2.26₹3.41
RoNW18.4228.11

Shares Offered

In the Divyadhan Recycling IPO Retail Individual Investors (RII) are offered 12,52,000 shares while in Thinking Hats Entertainment IPO retail investors are offered 12,52,000 shares. Qualified Institutional Buyers (QIB) are offered 7,16,000 shares in Divyadhan Recycling IPO and 3,24,000 shares in Thinking Hats Entertainment IPO.

 Divyadhan Recycling IPOThinking Hats Entertainment IPO
Anchor Investor Reservation10,70,000 shares
Market Maker Reservation2,00,000 shares1,80,000 shares
QIB7,16,000 shares3,24,000 shares
NII5,38,000 shares8,76,000 shares
RII12,52,000 shares20,49,000 shares
Employee
Others
Total35,76,000 shares32,49,000 shares

Bids Received (Subscription)

Divyadhan Recycling IPO subscribed 28.68x in total, whereas Thinking Hats Entertainment IPO subscribed 322.19x.

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