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L.K.Mehta Polymers IPO vs P S Raj Steels IPO

Comparison between L.K.Mehta Polymers IPO and P S Raj Steels IPO.

IPO Details

L.K.Mehta Polymers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while P S Raj Steels IPO is a SME Bookbuilding proposed to list at NSE SME.

 L.K.Mehta Polymers IPOP S Raj Steels IPO
LogoL.K.Mehta Polymers IPO LogoP S Raj Steels IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Khambatta Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSwastika Investmart Ltd.Nikunj Stock Brokers 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 L.K.Mehta Polymers IPO is up to ₹7.00 Cr whereas the issue size of the P S Raj Steels IPO is up to ₹26.87 Cr. The final issue price of L.K.Mehta Polymers IPO is ₹71.00 per share and of P S Raj Steels IPO is ₹140.00 per share.

 L.K.Mehta Polymers IPOP S Raj Steels IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹132.00 per share
Issue Price (Upper)₹140.00 per share
Issue Price (Final)₹71.00 per share₹140.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1000 shares
Fresh Issue Size9,85,600 shares19,19,000 shares
Fresh Issue Size (Amount)up to ₹7.00 Crup to ₹26.87 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total9,85,600 shares19,19,000 shares
Issue Size Total (Amount)up to ₹7.00 Crup to ₹26.87 Cr

IPO Timetable

L.K.Mehta Polymers IPO opens on Feb 13, 2025, while P S Raj Steels IPO opens on Feb 12, 2025. The closing date of L.K.Mehta Polymers IPO and P S Raj Steels IPO is Feb 17, 2025, and Feb 14, 2025, respectively.

 L.K.Mehta Polymers IPOP S Raj Steels IPO
Anchor Bid DateFeb 11, 2025
Issue OpenFeb 13, 2025Feb 12, 2025
Issue CloseFeb 17, 2025Feb 14, 2025
Basis Of Allotment (Tentative)Feb 18, 2025Feb 17, 2025
Initiation of Refunds (Tentative)Feb 19, 2025Feb 18, 2025
Credit of Share (Tentative)Feb 20, 2025Feb 18, 2025
Listing date (Tentative)Feb 21, 2025Feb 19, 2025
Anchor Lockin End date 1Mar 19, 2025
Anchor Lockin End date 2May 18, 2025

Financials & KPIs

L.K.Mehta Polymers IPO P/E ratio is 41.04, as compared to P S Raj Steels IPO P/E ratio of 12.14.

 L.K.Mehta Polymers IPOP S Raj Steels IPO
Financials

L.K. Mehta Polymers Limited Financial Information (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets11.8710.497.28.23
Total Income11.9818.8717.1411.94
Profit After Tax0.420.86-0.010.04
Net Worth3.743.022.162.17
Reserves and Surplus0.942.391.541.54
Total Borrowing6.696.483.94.39
Amount in ₹ Crore

PS Raj Steels Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets55.3652.0774.1245.94
Total Income139.12297.76225.44179.89
Profit After Tax3.876.363.653.57
Net Worth34.4330.624.320.65
Reserves and Surplus28.9129.9923.6920.04
Total Borrowing17.2517.818.0217.09
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)72.9273.20
P/E Ratio41.0412.14
Market Cap₹27.26 Cr.₹105.54 Cr.
ROE28.35%20.79%
ROCE16%20.64%
Debt/Equity2.150.58
EPS₹3.06₹11.53
RoNW28.35%20.79%

Shares Offered

In the L.K.Mehta Polymers IPO Retail Individual Investors (RII) are offered 5,07,200 shares while in P S Raj Steels IPO retail investors are offered 5,07,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in L.K.Mehta Polymers IPO and 3,80,000 shares in P S Raj Steels IPO.

 L.K.Mehta Polymers IPOP S Raj Steels IPO
Anchor Investor Reserveration0 shares5,69,000 shares
Market Maker Reserveration54,400 shares1,01,000 shares
QIB0 shares3,80,000 shares
NII4,78,400 shares2,85,000 shares
RII5,07,200 shares6,65,000 shares
Employee0 shares20,000 shares
Others
Total9,85,600 shares19,19,000 shares

Bids Received (Subscription)

L.K.Mehta Polymers IPO subscribed 44.57x in total, whereas P S Raj Steels IPO subscribed 9.82x.

 L.K.Mehta Polymers IPOP S Raj Steels IPO
QIB (times)1.21x
NII (times)42.88x21.39x
Big NII (times)
Small NII (times)
RII (times)46.25x10.04x
Employee (times)
Other (times)
Total (times)44.57x9.82x