Atmastco IPO vs Polysil Irrigation Systems IPO

Comparison between Atmastco IPO and Polysil Irrigation Systems IPO.

IPO Details

Atmastco IPO is a SME Fixed Price IPO proposed to list at NSE SME while Polysil Irrigation Systems IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Atmastco IPO is up to ₹53.43 Cr whereas the issue size of the Polysil Irrigation Systems IPO is up to ₹16.55 Cr. The final issue price of Atmastco IPO is ₹77.00 per share and of Polysil Irrigation Systems IPO is ₹54.00 per share.

 Atmastco IPOPolysil Irrigation Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹77.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size51,13,600 shares12,80,000 shares
Fresh Issue Size (Amount)up to ₹39.37 Crup to ₹6.91 Cr
OFS Issue Size18,25,600 shares17,84,000 shares
OFS Issue Size (Amount)up to ₹14.06 Crup to ₹9.63 Cr
Issue Size Total69,39,200 shares30,64,000 shares
Issue Size Total (Amount)up to ₹53.43 Crup to ₹16.55 Cr

IPO Timetable

Atmastco IPO opens on Feb 15, 2024, while Polysil Irrigation Systems IPO opens on Feb 08, 2024. The closing date of Atmastco IPO and Polysil Irrigation Systems IPO is Feb 20, 2024, and Feb 13, 2024, respectively.

Financials & KPIs

Atmastco IPO P/E ratio is 11.6, as compared to Polysil Irrigation Systems IPO P/E ratio of 47.08.

 Atmastco IPOPolysil Irrigation Systems IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets243.92236.21132.74120.36
Total Income67.00242.7994.6869.91
Profit After Tax6.2912.783.230.60
NET Worth62.5955.2042.3539.12
Reserves and Surplus47.6440.3927.5424.31
Total Borrowing73.1771.2651.5654.10
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets56.7155.3146.1741.78
Total Income10.2043.9237.6754.72
Profit After Tax1.101.140.340.65
NET Worth16.4615.3613.7213.38
Reserves and Surplus6.565.4613.2712.93
Total Borrowing15.6615.4714.9511.05
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.3933.79
Promoter Shareholding (Post-Issue)68.4329.49
P/E Ratio11.647.08
Market Cap₹190.46 Cr.₹61.24 Cr.
ROE23.15%7.39%
ROCE29.91%12.81%
Debt/Equity0.481.01
EPS₹6.64₹1.15
RoNW23.15%7.39%

Shares Offered

In the Atmastco IPO Retail Individual Investors (RII) are offered 34,69,600 shares while in Polysil Irrigation Systems IPO retail investors are offered 34,69,600 shares. Qualified Institutional Buyers (QIB) are offered in Atmastco IPO and in Polysil Irrigation Systems IPO.

 Atmastco IPOPolysil Irrigation Systems IPO
Anchor Investor Reservation
Market Maker Reservation3,66,400 shares1,64,000 shares
QIB
NII34,69,600 shares15,32,000 shares
RII34,69,600 shares15,32,000 shares
Employee
Others
Total69,39,200 shares30,64,000 shares

Bids Received (Subscription)

Atmastco IPO subscribed 17.61x in total, whereas Polysil Irrigation Systems IPO subscribed 6.88x.

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