Comparison between Indian Emulsifiers IPO and Piotex Industries IPO.
Indian Emulsifiers IPO is a SME Fixed Price IPO proposed to list at NSE SME while Piotex Industries IPO is a SME Fixed Price proposed to list at BSE SME.
| Indian Emulsifiers IPO | Piotex Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Ekadrisht Capital Pvt.Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | SS Corporate Securities Ltd. | Spread X Securities Pvt.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 Indian Emulsifiers IPO is up to ₹40.26 Cr whereas the issue size of the Piotex Industries IPO is up to ₹13.74 Cr. The final issue price of Indian Emulsifiers IPO is ₹132.00 per share and of Piotex Industries IPO is ₹94.00 per share.
| Indian Emulsifiers IPO | Piotex Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹125.00 per share | |
| Issue Price (Upper) | ₹132.00 per share | |
| Issue Price (Final) | ₹132.00 per share | ₹94.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1200 shares |
| Fresh Issue Size | 30,50,000 shares | 14,61,600 shares |
| Fresh Issue Size (Amount) | up to ₹40.26 Cr | up to ₹13.74 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 | 30,50,000 shares | 14,61,600 shares |
| Issue Size Total (Amount) | up to ₹40.26 Cr | up to ₹13.74 Cr |
Indian Emulsifiers IPO opens on May 13, 2024, while Piotex Industries IPO opens on May 10, 2024. The closing date of Indian Emulsifiers IPO and Piotex Industries IPO is May 16, 2024, and May 14, 2024, respectively.
| Indian Emulsifiers IPO | Piotex Industries IPO | |
|---|---|---|
| Anchor Bid Date | May 10, 2024 | |
| Issue Open | May 13, 2024 | May 10, 2024 |
| Issue Close | May 16, 2024 | May 14, 2024 |
| Basis Of Allotment (Tentative) | May 17, 2024 | May 15, 2024 |
| Initiation of Refunds (Tentative) | May 21, 2024 | May 16, 2024 |
| Credit of Share (Tentative) | May 21, 2024 | May 16, 2024 |
| Listing date (Tentative) | May 22, 2024 | May 17, 2024 |
| Anchor Lockin End date 1 | Jun 16, 2024 | |
| Anchor Lockin End date 2 | Aug 15, 2024 |
Indian Emulsifiers IPO P/E ratio is 30.54, as compared to Piotex Industries IPO P/E ratio of 11.14.
| Indian Emulsifiers IPO | Piotex Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Indian Emulsifier Limited Financial Information (Restated Standalone)Indian Emulsifier Limited's revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.
| Piotex Industries Limited Financial Information (Restated)Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 65.25 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 48.11 | 69.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 30.54 | 11.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹161.33 Cr. | ₹47.97 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 25.61% | 44.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 38.03% | 33.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.51 | 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.32 | ₹8.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 25.60% | 33.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Indian Emulsifiers IPO Retail Individual Investors (RII) are offered 10,70,000 shares while in Piotex Industries IPO retail investors are offered 10,70,000 shares. Qualified Institutional Buyers (QIB) are offered 6,10,000 shares in Indian Emulsifiers IPO and in Piotex Industries IPO.
| Indian Emulsifiers IPO | Piotex Industries IPO | |
|---|---|---|
| Anchor Investor Reserveration | 9,10,000 shares | |
| Market Maker Reserveration | 1,61,000 shares | 78,000 shares |
| QIB | 6,10,000 shares | |
| NII | 4,60,000 shares | 7,30,800 shares |
| RII | 10,70,000 shares | 7,30,800 shares |
| Employee | ||
| Others | ||
| Total | 30,50,000 shares | 14,61,600 shares |
Indian Emulsifiers IPO subscribed 460.07x in total, whereas Piotex Industries IPO subscribed 107.44x.
| Indian Emulsifiers IPO | Piotex Industries IPO | |
|---|---|---|
| QIB (times) | 175.95x | |
| NII (times) | 779.63x | 115.21x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 484.66x | 93.33x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 460.07x | 107.44x |
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