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Ideal Technoplast IPO vs Indian Phosphate IPO

Comparison between Ideal Technoplast IPO and Indian Phosphate IPO.

IPO Details

Ideal Technoplast IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Indian Phosphate IPO is a SME Bookbuilding proposed to list at NSE SME.

 Ideal Technoplast IPOIndian Phosphate IPO
LogoIdeal Technoplast IPO LogoIndian Phosphate IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ideal Technoplast IPO is up to ₹15.22 Cr whereas the issue size of the Indian Phosphate IPO is up to ₹63.66 Cr. The final issue price of Ideal Technoplast IPO is ₹121.00 per share and of Indian Phosphate IPO is ₹99.00 per share.

 Ideal Technoplast IPOIndian Phosphate IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹94.00 per share
Issue Price (Upper)₹99.00 per share
Issue Price (Final)₹121.00 per share₹99.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size12,58,000 shares64,30,800 shares
Fresh Issue Size (Amount)up to ₹15.22 Crup to ₹63.66 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total12,58,000 shares64,30,800 shares
Issue Size Total (Amount)up to ₹15.22 Crup to ₹63.66 Cr

IPO Timetable

Ideal Technoplast IPO opens on Aug 21, 2024, while Indian Phosphate IPO opens on Aug 26, 2024. The closing date of Ideal Technoplast IPO and Indian Phosphate IPO is Aug 23, 2024, and Aug 29, 2024, respectively.

 Ideal Technoplast IPOIndian Phosphate IPO
Anchor Bid DateAug 23, 2024
Issue OpenAug 21, 2024Aug 26, 2024
Issue CloseAug 23, 2024Aug 29, 2024
Basis Of Allotment (Tentative)Aug 26, 2024Aug 30, 2024
Initiation of Refunds (Tentative)Aug 27, 2024Sep 02, 2024
Credit of Share (Tentative)Aug 27, 2024Sep 02, 2024
Listing date (Tentative)Aug 28, 2024Sep 03, 2024
Anchor Lockin End date 1Sep 29, 2024
Anchor Lockin End date 2Nov 28, 2024

Financials & KPIs

Ideal Technoplast IPO P/E ratio is 12.47, as compared to Indian Phosphate IPO P/E ratio of 14.88.

 Ideal Technoplast IPOIndian Phosphate IPO
Financials

Ideal Technoplast Industries Limited Financial Information (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets1,508.51978356.78300.86
Total Income2,424.111,199.79568.13569.47
Profit After Tax326.6150.6210.539.82
Net Worth743.07188.6137.98127.45
Reserves and Surplus375.5748.95-1.67-12.19
Total Borrowing456.89586.04146.56118.62
Amount in ₹ Lakhs

Indian Phosphate Limited Financial Information (Restated Consolidated)

Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets25,518.617,407.4510,789.936,313.71
Total Income71,757.8177,093.255,838.5641,501.81
Profit After Tax1,210.211,659.531,616.61509.44
Net Worth8,099.066,751.85,092.273,475.66
Reserves and Surplus6,280.566,480.374,820.843,204.23
Total Borrowing4,023.171,535.481,830.58434.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.5072.77
P/E Ratio12.4714.88
Market Cap₹60.50 Cr.₹247.40 Cr.
ROE43.9518.14%
ROCE32.9520.93%
Debt/Equity0.50
EPS₹9.70₹6.65
RoNW43.9516.63%

Shares Offered

In the Ideal Technoplast IPO Retail Individual Investors (RII) are offered 6,31,000 shares while in Indian Phosphate IPO retail investors are offered 6,31,000 shares. Qualified Institutional Buyers (QIB) are offered in Ideal Technoplast IPO and 12,86,400 shares in Indian Phosphate IPO.

 Ideal Technoplast IPOIndian Phosphate IPO
Anchor Investor Reserveration19,28,400 shares
Market Maker Reserveration67,000 shares3,73,200 shares
QIB12,86,400 shares
NII6,27,000 shares9,64,800 shares
RII6,31,000 shares22,51,200 shares
Employee
Others
Total12,58,000 shares64,30,800 shares

Bids Received (Subscription)

Ideal Technoplast IPO subscribed 116.75x in total, whereas Indian Phosphate IPO subscribed 267.89x.

 Ideal Technoplast IPOIndian Phosphate IPO
QIB (times)181.58x
NII (times)108.49x441.01x
Big NII (times)
Small NII (times)
RII (times)115.57x243.02x
Employee (times)
Other (times)
Total (times)116.75x267.89x