Comparison between Piotex Industries IPO and Rulka Electricals IPO.
Piotex Industries IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rulka Electricals IPO is a SME Bookbuilding proposed to list at NSE SME.
| Piotex Industries IPO | Rulka Electricals IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Spread X Securities Pvt.Ltd. | Sunflower Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Piotex Industries IPO is up to ₹13.74 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹25.07 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Rulka Electricals IPO is ₹235.00 per share.
| Piotex Industries IPO | Rulka Electricals IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹223.00 per share | |
| Issue Price (Upper) | ₹235.00 per share | |
| Issue Price (Final) | ₹94.00 per share | ₹235.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 600 shares |
| Fresh Issue Size | 14,61,600 shares | 7,86,000 shares |
| Fresh Issue Size (Amount) | up to ₹13.74 Cr | up to ₹18.47 Cr |
| OFS Issue Size | 0 shares | 2,80,800 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹6.60 Cr |
| Issue Size Total | 14,61,600 shares | 10,66,800 shares |
| Issue Size Total (Amount) | up to ₹13.74 Cr | up to ₹25.07 Cr |
Piotex Industries IPO opens on May 10, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Piotex Industries IPO and Rulka Electricals IPO is May 14, 2024, and May 21, 2024, respectively.
| Piotex Industries IPO | Rulka Electricals IPO | |
|---|---|---|
| Anchor Bid Date | May 15, 2024 | |
| Issue Open | May 10, 2024 | May 16, 2024 |
| Issue Close | May 14, 2024 | May 21, 2024 |
| Basis Of Allotment (Tentative) | May 15, 2024 | May 22, 2024 |
| Initiation of Refunds (Tentative) | May 16, 2024 | May 23, 2024 |
| Credit of Share (Tentative) | May 16, 2024 | May 23, 2024 |
| Listing date (Tentative) | May 17, 2024 | May 24, 2024 |
| Anchor Lockin End date 1 | Jun 21, 2024 | |
| Anchor Lockin End date 2 | Aug 20, 2024 |
Piotex Industries IPO P/E ratio is 11.14, as compared to Rulka Electricals IPO P/E ratio of 28.62.
| Piotex Industries IPO | Rulka Electricals IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| Rulka Electricals Limited Financial Information (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 86.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.83 | 69.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.14 | 28.62 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹47.97 Cr. | ₹100.07 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 44.99% | 61.25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 33.20% | 33.67% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.50 | 2.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.44 | ₹8.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.53% | 43.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Piotex Industries IPO Retail Individual Investors (RII) are offered 7,30,800 shares while in Rulka Electricals IPO retail investors are offered 7,30,800 shares. Qualified Institutional Buyers (QIB) are offered in Piotex Industries IPO and 2,13,600 shares in Rulka Electricals IPO.
| Piotex Industries IPO | Rulka Electricals IPO | |
|---|---|---|
| Anchor Investor Reserveration | 3,19,200 shares | |
| Market Maker Reserveration | 78,000 shares | 56,400 shares |
| QIB | 2,13,600 shares | |
| NII | 7,30,800 shares | 1,60,200 shares |
| RII | 7,30,800 shares | 3,73,800 shares |
| Employee | ||
| Others | ||
| Total | 14,61,600 shares | 10,66,800 shares |
Piotex Industries IPO subscribed 107.44x in total, whereas Rulka Electricals IPO subscribed 676.83x.
| Piotex Industries IPO | Rulka Electricals IPO | |
|---|---|---|
| QIB (times) | 204.22x | |
| NII (times) | 115.21x | 1,350.15x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 93.33x | 658.32x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 107.44x | 676.83x |
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