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Indian Emulsifiers IPO vs Piotex Industries IPO

Comparison between Indian Emulsifiers IPO and Piotex Industries IPO.

IPO Details

Indian Emulsifiers 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.

 Indian Emulsifiers IPOPiotex Industries IPO
LogoIndian Emulsifiers IPO LogoPiotex Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersEkadrisht Capital Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerSS Corporate Securities Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Indian Emulsifiers IPO is up to ₹40.26 Cr whereas the issue size of the Piotex Industries IPO is up to ₹13.74 Cr. The final issue price of Indian Emulsifiers IPO is ₹132.00 per share and of Piotex Industries IPO is ₹94.00 per share.

 Indian Emulsifiers IPOPiotex Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹125.00 per share
Issue Price (Upper)₹132.00 per share
Issue Price (Final)₹132.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares1200 shares
Fresh Issue Size30,50,000 shares14,61,600 shares
Fresh Issue Size (Amount)up to ₹40.26 Crup to ₹13.74 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total30,50,000 shares14,61,600 shares
Issue Size Total (Amount)up to ₹40.26 Crup to ₹13.74 Cr

IPO Timetable

Indian Emulsifiers IPO opens on May 13, 2024, while Piotex Industries IPO opens on May 10, 2024. The closing date of Indian Emulsifiers IPO and Piotex Industries IPO is May 16, 2024, and May 14, 2024, respectively.

 Indian Emulsifiers IPOPiotex Industries IPO
Anchor Bid DateMay 10, 2024
Issue OpenMay 13, 2024May 10, 2024
Issue CloseMay 16, 2024May 14, 2024
Basis Of Allotment (Tentative)May 17, 2024May 15, 2024
Initiation of Refunds (Tentative)May 21, 2024May 16, 2024
Credit of Share (Tentative)May 21, 2024May 16, 2024
Listing date (Tentative)May 22, 2024May 17, 2024
Anchor Lockin End date 1Jun 16, 2024
Anchor Lockin End date 2Aug 15, 2024

Financials & KPIs

Indian Emulsifiers IPO P/E ratio is 30.54, as compared to Piotex Industries IPO P/E ratio of 11.14.

 Indian Emulsifiers IPOPiotex Industries IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets61.7734.3219.100.60
Total Income48.7041.1817.68
Profit After Tax6.753.890.04-0.00
NET Worth26.3612.048.150.01
Reserves and Surplus17.353.930.04-0.00
Total Borrowing22.4420.3010.690.59
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets36.1117.5813.85
Total Income118.9486.6780.46
Profit After Tax3.012.890.74
NET Worth8.974.401.51
Reserves and Surplus5.824.251.36
Total Borrowing4.463.725.29
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)65.25%100%
Promoter Shareholding (Post-Issue)48.11%65.94%
P/E Ratio30.5411.14
Market Cap₹161.33 Cr.₹47.97 Cr.
ROE25.6144.99
ROCE38.0333.20
Debt/Equity0.510.50
EPS₹4.32₹8.44
RoNW25.6033.53

Shares Offered

In the Indian Emulsifiers IPO Retail Individual Investors (RII) are offered 10,70,000 shares while in Piotex Industries IPO retail investors are offered 10,70,000 shares. Qualified Institutional Buyers (QIB) are offered 6,10,000 shares in Indian Emulsifiers IPO and in Piotex Industries IPO.

 Indian Emulsifiers IPOPiotex Industries IPO
Anchor Investor Reservation9,10,000 shares
Market Maker Reservation1,61,000 shares78,000 shares
QIB6,10,000 shares
NII4,60,000 shares7,30,800 shares
RII10,70,000 shares7,30,800 shares
Total30,50,000 shares14,61,600 shares

Bids Received (Subscription)

Indian Emulsifiers IPO subscribed 322.80x in total, whereas Piotex Industries IPO subscribed 104.27x.

 Indian Emulsifiers IPOPiotex Industries IPO
QIB (times)175.95x
NII (times)779.63x115.21x
RII (times)484.66x93.33x
Total (times)322.80x104.27x

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Compare:

Indian Emulsifiers IPO Vs Piotex Industries IPO