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Piotex Industries IPO vs Rulka Electricals IPO

Comparison between Piotex Industries IPO and Rulka Electricals IPO.

IPO Details

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 IPORulka Electricals IPO
LogoPiotex Industries IPO LogoRulka Electricals IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Sunflower Broking 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 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 IPORulka 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
Market Lot Size1200 shares600 shares
Fresh Issue Size14,61,600 shares7,86,000 shares
Fresh Issue Size (Amount)up to ₹13.74 Crup to ₹18.47 Cr
OFS Issue Size0 shares2,80,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.60 Cr
Issue Size Total14,61,600 shares10,66,800 shares
Issue Size Total (Amount)up to ₹13.74 Crup to ₹25.07 Cr

IPO Timetable

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 IPORulka Electricals IPO
Anchor Bid DateMay 15, 2024
Issue OpenMay 10, 2024May 16, 2024
Issue CloseMay 14, 2024May 21, 2024
Basis Of Allotment (Tentative)May 15, 2024May 22, 2024
Initiation of Refunds (Tentative)May 16, 2024May 23, 2024
Credit of Share (Tentative)May 16, 2024May 23, 2024
Listing date (Tentative)May 17, 2024May 24, 2024
Anchor Lockin End date 1Jun 21, 2024
Anchor Lockin End date 2Aug 20, 2024

Financials & KPIs

Piotex Industries IPO P/E ratio is 11.14, as compared to Rulka Electricals IPO P/E ratio of 28.62.

 Piotex Industries IPORulka Electricals IPO
Financials

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

Company Financials (Restated Standalone)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets40.8228.2719.199.82
Total Income65.2846.9036.2719.60
Profit After Tax5.662.811.120.54
NET Worth12.905.572.771.65
Reserves and Surplus9.495.462.661.54
Total Borrowing11.055.272.812.31
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%86.28%
Promoter Shareholding (Post-Issue)65.94%69.22%
P/E Ratio11.1428.62
Market Cap₹47.97 Cr.₹100.07 Cr.
ROE44.9961.25
ROCE33.2033.67
Debt/Equity0.502.16
EPS₹8.44₹8.21
RoNW33.5343.85

Shares Offered

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 IPORulka Electricals IPO
Anchor Investor Reservation3,19,200 shares
Market Maker Reservation78,000 shares56,400 shares
QIB2,13,600 shares
NII7,30,800 shares1,60,200 shares
RII7,30,800 shares3,73,800 shares
Employee0 shares
Total14,61,600 shares10,66,800 shares

Bids Received (Subscription)

Piotex Industries IPO subscribed 104.27x in total, whereas Rulka Electricals IPO subscribed 474.31x.

 Piotex Industries IPORulka Electricals IPO
QIB (times)204.22x
NII (times)115.21x1,350.15x
RII (times)93.33x658.32x
Total (times)104.27x474.31x

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Compare:

Piotex Industries IPO Vs Rulka Electricals IPO