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L.K.Mehta Polymers IPO vs Solarium Green Energy IPO

Comparison between L.K.Mehta Polymers IPO and Solarium Green Energy IPO.

IPO Details

L.K.Mehta Polymers IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Solarium Green Energy IPO is a SME Bookbuilding proposed to list at BSE SME.

 L.K.Mehta Polymers IPOSolarium Green Energy IPO
LogoL.K.Mehta Polymers IPO LogoSolarium Green Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersSwastika Investmart Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSwastika Investmart 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 L.K.Mehta Polymers IPO is up to ₹7.00 Cr whereas the issue size of the Solarium Green Energy IPO is up to ₹99.56 Cr. The final issue price of L.K.Mehta Polymers IPO is ₹71.00 per share and of Solarium Green Energy IPO is ₹191.00 per share.

 L.K.Mehta Polymers IPOSolarium Green Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹181.00 per share
Issue Price (Upper)₹191.00 per share
Issue Price (Final)₹71.00 per share₹191.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size1600 shares600 shares
Fresh Issue Size9,85,600 shares52,12,800 shares
Fresh Issue Size (Amount)up to ₹7.00 Crup to ₹99.56 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total9,85,600 shares52,12,800 shares
Issue Size Total (Amount)up to ₹7.00 Crup to ₹99.56 Cr

IPO Timetable

L.K.Mehta Polymers IPO opens on Feb 13, 2025, while Solarium Green Energy IPO opens on Feb 06, 2025. The closing date of L.K.Mehta Polymers IPO and Solarium Green Energy IPO is Feb 17, 2025, and Feb 10, 2025, respectively.

 L.K.Mehta Polymers IPOSolarium Green Energy IPO
Anchor Bid DateFeb 05, 2025
Issue OpenFeb 13, 2025Feb 06, 2025
Issue CloseFeb 17, 2025Feb 10, 2025
Basis Of Allotment (Tentative)Feb 18, 2025Feb 11, 2025
Initiation of Refunds (Tentative)Feb 19, 2025Feb 12, 2025
Credit of Share (Tentative)Feb 20, 2025Feb 12, 2025
Listing date (Tentative)Feb 21, 2025Feb 13, 2025
Anchor Lockin End date 1Mar 13, 2025
Anchor Lockin End date 2May 12, 2025

Financials & KPIs

L.K.Mehta Polymers IPO P/E ratio is 41.04, as compared to Solarium Green Energy IPO P/E ratio of 18.81.

 L.K.Mehta Polymers IPOSolarium Green Energy 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

Solarium Green Energy Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets95.2577.2144.3731.81
Total Income82.34177.8198.93167.89
Profit After Tax7.5515.591.742.05
Net Worth33.1320.334.743
Reserves and Surplus17.7817.331.74
Total Borrowing33.4730.7626.7214.8
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0078.50
Promoter Shareholding (Post-Issue)72.9257.77
P/E Ratio41.0418.81
Market Cap₹27.26 Cr.₹398.23 Cr.
ROE28.35%124.38%
ROCE16%54.18%
Debt/Equity2.151.51
EPS₹3.06₹10.16
RoNW28.35%76.69%

Shares Offered

In the L.K.Mehta Polymers IPO Retail Individual Investors (RII) are offered 5,07,200 shares while in Solarium Green Energy IPO retail investors are offered 5,07,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in L.K.Mehta Polymers IPO and 10,42,800 shares in Solarium Green Energy IPO.

 L.K.Mehta Polymers IPOSolarium Green Energy IPO
Anchor Investor Reserveration0 shares15,63,000 shares
Market Maker Reserveration54,400 shares2,86,800 shares
QIB0 shares10,42,800 shares
NII4,78,400 shares7,82,400 shares
RII5,07,200 shares18,24,600 shares
Employee0 shares0 shares
Others
Total9,85,600 shares52,12,800 shares

Bids Received (Subscription)

L.K.Mehta Polymers IPO subscribed 44.57x in total, whereas Solarium Green Energy IPO subscribed 8.83x.

 L.K.Mehta Polymers IPOSolarium Green Energy IPO
QIB (times)8.51x
NII (times)42.88x18.04x
Big NII (times)
Small NII (times)
RII (times)46.25x5.07x
Employee (times)
Other (times)
Total (times)44.57x8.83x