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Interiors & More IPO vs Polysil Irrigation Systems IPO

Comparison between Interiors & More IPO and Polysil Irrigation Systems IPO.

IPO Details

Interiors & More IPO is a SME Fixed Price IPO proposed to list at NSE SME while Polysil Irrigation Systems IPO is a SME Fixed Price proposed to list at NSE SME.

 Interiors & More IPOPolysil Irrigation Systems IPO
LogoInteriors & More IPO LogoPolysil Irrigation Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Fedex Securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Market-Hub Stock Broking 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 Interiors & More IPO is up to ₹39.89 Cr whereas the issue size of the Polysil Irrigation Systems IPO is up to ₹16.55 Cr. The final issue price of Interiors & More IPO is ₹227.00 per share and of Polysil Irrigation Systems IPO is ₹54.00 per share.

 Interiors & More IPOPolysil Irrigation Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹216.00 per share
Issue Price (Upper)₹227.00 per share
Issue Price (Final)₹227.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares2000 shares
Fresh Issue Size17,57,400 shares12,80,000 shares
Fresh Issue Size (Amount)up to ₹39.89 Crup to ₹6.91 Cr
OFS Issue Size0 shares17,84,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹9.63 Cr
Issue Size Total17,57,400 shares30,64,000 shares
Issue Size Total (Amount)up to ₹39.89 Crup to ₹16.55 Cr

IPO Timetable

Interiors & More IPO opens on Feb 15, 2024, while Polysil Irrigation Systems IPO opens on Feb 08, 2024. The closing date of Interiors & More IPO and Polysil Irrigation Systems IPO is Feb 20, 2024, and Feb 13, 2024, respectively.

 Interiors & More IPOPolysil Irrigation Systems IPO
Anchor Bid DateFeb 14, 2024
Issue OpenFeb 15, 2024Feb 08, 2024
Issue CloseFeb 20, 2024Feb 13, 2024
Basis Of Allotment (Tentative)Feb 21, 2024Feb 14, 2024
Initiation of Refunds (Tentative)Feb 22, 2024Feb 15, 2024
Credit of Share (Tentative)Feb 22, 2024Feb 15, 2024
Listing date (Tentative)Feb 23, 2024Feb 16, 2024
Anchor Lockin End date 1Mar 22, 2024
Anchor Lockin End date 2May 21, 2024

Financials & KPIs

Interiors & More IPO P/E ratio is 19.7, as compared to Polysil Irrigation Systems IPO P/E ratio of 47.08.

 Interiors & More IPOPolysil Irrigation Systems IPO
Financials

Interiors and More Limited Financial Information (Restated)

Interiors and More Limited's revenue increased by 153.09% and profit after tax (PAT) rose by 467.64% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,722.593,094.631,952.131,478.30
Total Income1,853.782,527.17998.53663.10
Profit After Tax354.57592.84104.4443.33
Net Worth1,349.78995.21405.07300.63
Reserves and Surplus835.28823.71233.57129.13
Total Borrowing1,645.861,439.771,297.33904.02
Amount in ₹ Lakhs

Polysil Irrigation Systems Limited Financial Information (Restated)

Polysil Irrigation Systems Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 236.39% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,671.495,531.464,616.804,178.47
Total Income1,019.744,392.493,767.215,471.58
Profit After Tax110.31113.5333.7564.81
Net Worth1,646.021,535.711,372.061,338.31
Reserves and Surplus656.31546.001,326.561,292.82
Total Borrowing1,566.171,547.251,494.961,104.83
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)95.0833.79
Promoter Shareholding (Post-Issue)69.9329.49
P/E Ratio19.747.08
Market Cap₹158.80 Cr.₹61.24 Cr.
ROE84.68%7.39%
ROCE75.58%12.81%
Debt/Equity1.451.01
EPS₹11.52₹1.15
RoNW59.57%7.39%

Shares Offered

In the Interiors & More IPO Retail Individual Investors (RII) are offered 6,15,600 shares while in Polysil Irrigation Systems IPO retail investors are offered 6,15,600 shares. Qualified Institutional Buyers (QIB) are offered 3,51,600 shares in Interiors & More IPO and in Polysil Irrigation Systems IPO.

 Interiors & More IPOPolysil Irrigation Systems IPO
Anchor Investor Reserveration5,26,200 shares
Market Maker Reserveration93,000 shares1,64,000 shares
QIB3,51,600 shares
NII2,64,000 shares15,32,000 shares
RII6,15,600 shares15,32,000 shares
Employee
Others
Total17,57,400 shares30,64,000 shares

Bids Received (Subscription)

Interiors & More IPO subscribed 11.22x in total, whereas Polysil Irrigation Systems IPO subscribed 6.88x.

 Interiors & More IPOPolysil Irrigation Systems IPO
QIB (times)3.54x
NII (times)30.32x2.12x
Big NII (times)
Small NII (times)
RII (times)7.41x11.62x
Employee (times)
Other (times)
Total (times)11.22x6.88x