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Indian Emulsifiers IPO vs TGIF Agribusiness IPO

Comparison between Indian Emulsifiers IPO and TGIF Agribusiness IPO.

IPO Details

Indian Emulsifiers IPO is a SME Fixed Price IPO proposed to list at NSE SME while TGIF Agribusiness IPO is a SME Fixed Price proposed to list at BSE SME.

 Indian Emulsifiers IPOTGIF Agribusiness IPO
LogoIndian Emulsifiers IPO LogoTGIF Agribusiness IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersEkadrisht Capital Pvt.Ltd.Hem Securities Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSS Corporate Securities 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 Indian Emulsifiers IPO is up to ₹40.26 Cr whereas the issue size of the TGIF Agribusiness IPO is up to ₹6.07 Cr. The final issue price of Indian Emulsifiers IPO is ₹132.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.

 Indian Emulsifiers IPOTGIF Agribusiness 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₹93.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares1200 shares
Fresh Issue Size30,50,000 shares6,52,800 shares
Fresh Issue Size (Amount)up to ₹40.26 Crup to ₹6.07 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total30,50,000 shares6,52,800 shares
Issue Size Total (Amount)up to ₹40.26 Crup to ₹6.07 Cr

IPO Timetable

Indian Emulsifiers IPO opens on May 13, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Indian Emulsifiers IPO and TGIF Agribusiness IPO is May 16, 2024, and May 10, 2024, respectively.

 Indian Emulsifiers IPOTGIF Agribusiness IPO
Anchor Bid DateMay 10, 2024
Issue OpenMay 13, 2024May 08, 2024
Issue CloseMay 16, 2024May 10, 2024
Basis Of Allotment (Tentative)May 17, 2024May 13, 2024
Initiation of Refunds (Tentative)May 21, 2024May 14, 2024
Credit of Share (Tentative)May 21, 2024May 14, 2024
Listing date (Tentative)May 22, 2024May 15, 2024
Anchor Lockin End date 1Jun 16, 2024
Anchor Lockin End date 2Aug 15, 2024

Financials & KPIs

Indian Emulsifiers IPO P/E ratio is 30.54, as compared to TGIF Agribusiness IPO P/E ratio of 13.58.

 Indian Emulsifiers IPOTGIF Agribusiness IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets61.7734.3219.100.60
Total Income48.7041.1817.68
Profit After Tax6.753.890.04-0.00
NET Worth26.3612.048.150.01
Reserves and Surplus17.353.930.04-0.00
Total Borrowing22.4420.3010.690.59
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets2.821.880.652.92
Total Income1.722.322.071.82
Profit After Tax0.811.301.150.38
NET Worth1.901.760.462.58
Total Borrowing0.67
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)65.25%99.8%
Promoter Shareholding (Post-Issue)48.11%73.28%
P/E Ratio30.5413.58
Market Cap₹161.33 Cr.₹24.06 Cr.
ROE25.61
ROCE38.03
Debt/Equity0.51
EPS₹4.32₹6.85
RoNW25.6042.85

Shares Offered

In the Indian Emulsifiers IPO Retail Individual Investors (RII) are offered 10,70,000 shares while in TGIF Agribusiness 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 TGIF Agribusiness IPO.

 Indian Emulsifiers IPOTGIF Agribusiness IPO
Anchor Investor Reservation9,10,000 shares
Market Maker Reservation1,61,000 shares34,800 shares
QIB6,10,000 shares
NII4,60,000 shares3,26,400 shares
RII10,70,000 shares3,26,400 shares
Total30,50,000 shares6,52,800 shares

Bids Received (Subscription)

Indian Emulsifiers IPO subscribed 322.80x in total, whereas TGIF Agribusiness IPO subscribed 34.13x.

 Indian Emulsifiers IPOTGIF Agribusiness IPO
QIB (times)175.95x
NII (times)779.63x35.35x
RII (times)484.66x32.92x
Total (times)322.80x34.13x

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Compare:

Indian Emulsifiers IPO Vs TGIF Agribusiness IPO