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Electro Force IPO vs Siyaram Recycling Industries IPO

Comparison between Electro Force IPO and Siyaram Recycling Industries IPO.

IPO Details

Electro Force IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Siyaram Recycling Industries IPO is a SME Bookbuilding proposed to list at BSE SME.

 Electro Force IPOSiyaram Recycling Industries IPO
LogoElectro Force IPO LogoSiyaram Recycling Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersFirst Overseas Capital Ltd.Hem Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerArham Shares Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the Siyaram Recycling Industries IPO is up to ₹21.80 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of Siyaram Recycling Industries IPO is ₹46.00 per share.

 Electro Force IPOSiyaram Recycling Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹43.00 per share
Issue Price (Upper)₹46.00 per share
Issue Price (Final)₹93.00 per share₹46.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares3000 shares
Fresh Issue Size55,64,400 shares47,40,000 shares
Fresh Issue Size (Amount)up to ₹51.75 Crup to ₹21.80 Cr
OFS Issue Size26,74,800 shares0 shares
OFS Issue Size (Amount)up to ₹24.88 Crup to ₹0.00 Cr
Issue Size Total82,39,200 shares47,40,000 shares
Issue Size Total (Amount)up to ₹76.62 Crup to ₹21.80 Cr

IPO Timetable

Electro Force IPO opens on Dec 19, 2023, while Siyaram Recycling Industries IPO opens on Dec 14, 2023. The closing date of Electro Force IPO and Siyaram Recycling Industries IPO is Dec 21, 2023, and Dec 18, 2023, respectively.

 Electro Force IPOSiyaram Recycling Industries IPO
Anchor Bid DateDec 13, 2023
Issue OpenDec 19, 2023Dec 14, 2023
Issue CloseDec 21, 2023Dec 18, 2023
Basis Of Allotment (Tentative)Dec 22, 2023Dec 19, 2023
Initiation of Refunds (Tentative)Dec 26, 2023Dec 20, 2023
Credit of Share (Tentative)Dec 26, 2023Dec 20, 2023
Listing date (Tentative)Dec 27, 2023Dec 21, 2023
Anchor Lockin End date 1Jan 18, 2024
Anchor Lockin End date 2Mar 18, 2024

Financials & KPIs

Electro Force IPO P/E ratio is 20.22, as compared to Siyaram Recycling Industries IPO P/E ratio of 8.3.

 Electro Force IPOSiyaram Recycling Industries IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets78.2772.3247.8317.20
Total Income23.1430.2934.4415.87
Profit After Tax7.118.008.64-2.24
NET Worth25.4618.3510.361.71
Reserves and Surplus8.060.955.36-3.29
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets151.3698.5198.24
Total Income497.86426.44139.73
Profit After Tax7.653.221.42
NET Worth46.4238.7735.54
Reserves and Surplus32.6224.9621.74
Total Borrowing67.0728.2129.32
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%96.06%
Promoter Shareholding (Post-Issue)62.93%70.55%
P/E Ratio20.228.3
Market Cap₹217.62 Cr.₹86.47 Cr.
ROE43.5717.97
ROCE58.2313.42
Debt/Equity1.44
EPS₹4.60₹5.54
RoNW43.5716.49

Shares Offered

In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in Siyaram Recycling Industries IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Electro Force IPO and 9,48,000 shares in Siyaram Recycling Industries IPO.

 Electro Force IPOSiyaram Recycling Industries IPO
Anchor Investor Reservation0 shares14,22,000 shares
Market Maker Reservation4,35,600 shares2,52,000 shares
QIB0 shares9,48,000 shares
NII41,19,600 shares7,11,000 shares
RII41,19,600 shares16,59,000 shares
Employee0 shares
Total82,39,200 shares47,40,000 shares

Bids Received (Subscription)

Electro Force IPO subscribed 4.28x in total, whereas Siyaram Recycling Industries IPO subscribed 269.63x.

 Electro Force IPOSiyaram Recycling Industries IPO
QIB (times)96.43x
NII (times)2.12x597.72x
RII (times)6.44x459.11x
Total (times)4.28x269.63x

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Compare:

Electro Force IPO Vs Siyaram Recycling Industries IPO