Comparison between GSM Foils IPO and Piotex Industries IPO.
GSM Foils IPO is a SME Fixed Price IPO proposed to list at NSE SME while Piotex Industries IPO is a SME Fixed Price proposed to list at BSE SME.
| GSM Foils IPO | Piotex Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Shreni Shares Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Shreni Shares Ltd. | Spread X Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of GSM Foils IPO is up to ₹10.44 Cr whereas the issue size of the Piotex Industries IPO is up to ₹13.74 Cr. The final issue price of GSM Foils IPO is ₹32.00 per share and of Piotex Industries IPO is ₹94.00 per share.
| GSM Foils IPO | Piotex Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹32.00 per share | ₹94.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 4000 shares | 1200 shares |
| Fresh Issue Size | 32,64,000 shares | 14,61,600 shares |
| Fresh Issue Size (Amount) | up to ₹10.44 Cr | up to ₹13.74 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 32,64,000 shares | 14,61,600 shares |
| Issue Size Total (Amount) | up to ₹10.44 Cr | up to ₹13.74 Cr |
GSM Foils IPO opens on May 24, 2024, while Piotex Industries IPO opens on May 10, 2024. The closing date of GSM Foils IPO and Piotex Industries IPO is May 28, 2024, and May 14, 2024, respectively.
| GSM Foils IPO | Piotex Industries IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | May 24, 2024 | May 10, 2024 |
| Issue Close | May 28, 2024 | May 14, 2024 |
| Basis Of Allotment (Tentative) | May 29, 2024 | May 15, 2024 |
| Initiation of Refunds (Tentative) | May 30, 2024 | May 16, 2024 |
| Credit of Share (Tentative) | May 30, 2024 | May 16, 2024 |
| Listing date (Tentative) | May 31, 2024 | May 17, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
GSM Foils IPO P/E ratio is 20.98, as compared to Piotex Industries IPO P/E ratio of 11.14.
| GSM Foils IPO | Piotex Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | GSM Foils Limited Financial Information (Restated)GSM Foils Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 124.62% between the financial year ending with March 31, 2023 and March 31, 2022.
| Piotex Industries Limited Financial Information (Restated)Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 99.99 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.14 | 69.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.98 | 11.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹41.00 Cr. | ₹47.97 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.62% | 44.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 1.60% | 33.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 11.13 | 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.53 | ₹8.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 98.27% | 33.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the GSM Foils IPO Retail Individual Investors (RII) are offered 16,32,000 shares while in Piotex Industries IPO retail investors are offered 16,32,000 shares. Qualified Institutional Buyers (QIB) are offered in GSM Foils IPO and in Piotex Industries IPO.
| GSM Foils IPO | Piotex Industries IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 1,76,000 shares | 78,000 shares |
| QIB | ||
| NII | 16,32,000 shares | 7,30,800 shares |
| RII | 16,32,000 shares | 7,30,800 shares |
| Employee | ||
| Others | ||
| Total | 32,64,000 shares | 14,61,600 shares |
GSM Foils IPO subscribed 257.30x in total, whereas Piotex Industries IPO subscribed 107.44x.
| GSM Foils IPO | Piotex Industries IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 259.51x | 115.21x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 247.10x | 93.33x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 257.30x | 107.44x |
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