Graphisads IPO vs Swashthik Plascon IPO

Comparison between Graphisads IPO and Swashthik Plascon IPO.

IPO Details

Graphisads IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Swashthik Plascon IPO is a SME Bookbuilding proposed to list at BSE SME.

	Graphisads IPO	Swashthik Plascon IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	First Overseas Capital Ltd.	Shreni Shares Ltd.
Registrar	Kfin Technologies Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Graphisads IPO is up to ₹50.72 Cr whereas the issue size of the Swashthik Plascon IPO is up to ₹38.71 Cr. The final issue price of Graphisads IPO is ₹111.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

	Graphisads IPO	Swashthik Plascon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹80.00 per share
Issue Price (Upper)		₹86.00 per share
Issue Price (Final)	₹111.00 per share	₹86.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	45,69,600 shares	45,00,800 shares
Fresh Issue Size (Amount)	up to ₹50.72 Cr	up to ₹38.71 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	45,69,600 shares	45,00,800 shares
Issue Size Total (Amount)	up to ₹50.72 Cr	up to ₹38.71 Cr

IPO Timetable

Graphisads IPO opens on Nov 30, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Graphisads IPO and Swashthik Plascon IPO is Dec 05, 2023, and Nov 29, 2023, respectively.

	Graphisads IPO	Swashthik Plascon IPO
Anchor Bid Date		Nov 23, 2023
Issue Open	Nov 30, 2023	Nov 24, 2023
Issue Close	Dec 05, 2023	Nov 29, 2023
Basis Of Allotment (Tentative)	Dec 08, 2023	Dec 04, 2023
Initiation of Refunds (Tentative)	Dec 11, 2023	Dec 05, 2023
Credit of Share (Tentative)	Dec 12, 2023	Dec 05, 2023
Listing date (Tentative)	Dec 13, 2023	Dec 05, 2023
Anchor Lockin End date 1		Jan 03, 2024
Anchor Lockin End date 2		Mar 03, 2024

Financials & KPIs

Graphisads IPO P/E ratio is 26.88, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

Graphisads IPO

Swashthik Plascon IPO

Financials

Graphisads Limited Financial Information (Restated Consolidated)

Graphisads Limited's revenue increased by 10.39% and profit after tax (PAT) dropped by -0.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	11,626.82	11,037.07	10,126.28	9,408.04
Total Income	2,602.48	9,904.81	8,972.49	4,755.63
Profit After Tax	206.45	556.62	558.19	55.84
Net Worth	4,492.76	4,286.31	3,914.20	3,360.95
Reserves and Surplus	3,146.31	2,939.86	3,721.85	3,168.60
Total Borrowing
Amount in ₹ Lakhs

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	11,416.09	11,076.25
Total Income	6,973.65	4,589.10
Profit After Tax	528.48	302.19
Net Worth	2,564.07	2,037.09
Reserves and Surplus	1,281.59	754.61
Total Borrowing	6,231.66	5,879.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99

60.00

Promoter Shareholding (Post-Issue)

73.66

43.81

P/E Ratio

26.88

17.23

Market Cap

₹202.87 Cr.

₹151.05 Cr.

ROE

12.99%

22.78%

ROCE

14.69 %

17.30%

Debt/Equity

2.89

EPS

₹4.13

₹4.99

RoNW

12.99%

14.95%

Shares Offered

In the Graphisads IPO Retail Individual Investors (RII) are offered 22,84,800 shares while in Swashthik Plascon IPO retail investors are offered 22,84,800 shares. Qualified Institutional Buyers (QIB) are offered in Graphisads IPO and 9,00,800 shares in Swashthik Plascon IPO.

	Graphisads IPO	Swashthik Plascon IPO
Anchor Investor Reserveration		13,48,800 shares
Market Maker Reserveration	2,42,400 shares	2,38,400 shares
QIB		9,00,800 shares
NII	22,84,800 shares	6,75,200 shares
RII	22,84,800 shares	15,76,000 shares
Employee
Others
Total	45,69,600 shares	45,00,800 shares

Bids Received (Subscription)

Graphisads IPO subscribed 3.86x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

	Graphisads IPO	Swashthik Plascon IPO
QIB (times)		3.42x
NII (times)	2.01x	35.76x
Big NII (times)
Small NII (times)
RII (times)	5.52x	13.58x
Employee (times)
Other (times)
Total (times)	3.86x	15.43x

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