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Italian Edibles IPO vs Polysil Irrigation Systems IPO

Comparison between Italian Edibles IPO and Polysil Irrigation Systems IPO.

IPO Details

Italian Edibles 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.

 Italian Edibles IPOPolysil Irrigation Systems IPO
LogoItalian Edibles IPO LogoPolysil Irrigation Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Fedex Securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Market-Hub Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Italian Edibles IPO is up to ₹25.30 Cr whereas the issue size of the Polysil Irrigation Systems IPO is up to ₹16.55 Cr. The final issue price of Italian Edibles IPO is ₹68.00 per share and of Polysil Irrigation Systems IPO is ₹54.00 per share.

 Italian Edibles IPOPolysil Irrigation Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹68.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size37,20,000 shares12,80,000 shares
Fresh Issue Size (Amount)up to ₹25.30 Crup to ₹6.91 Cr
OFS Issue Size0 shares17,84,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹9.63 Cr
Issue Size Total37,20,000 shares30,64,000 shares
Issue Size Total (Amount)up to ₹25.30 Crup to ₹16.55 Cr

IPO Timetable

Italian Edibles IPO opens on Feb 02, 2024, while Polysil Irrigation Systems IPO opens on Feb 08, 2024. The closing date of Italian Edibles IPO and Polysil Irrigation Systems IPO is Feb 07, 2024, and Feb 13, 2024, respectively.

 Italian Edibles IPOPolysil Irrigation Systems IPO
Anchor Bid Date
Issue OpenFeb 02, 2024Feb 08, 2024
Issue CloseFeb 07, 2024Feb 13, 2024
Basis Of Allotment (Tentative)Feb 08, 2024Feb 14, 2024
Initiation of Refunds (Tentative)Feb 09, 2024Feb 15, 2024
Credit of Share (Tentative)Feb 09, 2024Feb 15, 2024
Listing date (Tentative)Feb 12, 2024Feb 16, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Italian Edibles IPO P/E ratio is 27.94, as compared to Polysil Irrigation Systems IPO P/E ratio of 47.08.

 Italian Edibles IPOPolysil Irrigation Systems IPO
Financials

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,824.644,155.243,905.453,946.43
Total Income3,052.166,330.097,545.254,899.44
Profit After Tax209.68264.2180.2186.52
Net Worth1,287.921,078.24814.03583.82
Reserves and Surplus202.21906.82642.60433.82
Amount in ₹ Lakhs

Polysil Irrigation Systems Limited Financial Information (Restated)

Polysil Irrigation Systems Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 236.39% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,671.495,531.464,616.804,178.47
Total Income1,019.744,392.493,767.215,471.58
Profit After Tax110.31113.5333.7564.81
Net Worth1,646.021,535.711,372.061,338.31
Reserves and Surplus656.31546.001,326.561,292.82
Total Borrowing1,566.171,547.251,494.961,104.83
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0033.79
Promoter Shareholding (Post-Issue)73.4729.49
P/E Ratio27.9447.08
Market Cap₹100.48 Cr.₹61.24 Cr.
ROE24.50%7.39%
ROCE19.32%12.81%
Debt/Equity1.601.01
EPS₹2.43₹1.15
RoNW24.50%7.39%

Shares Offered

In the Italian Edibles IPO Retail Individual Investors (RII) are offered 18,60,000 shares while in Polysil Irrigation Systems IPO retail investors are offered 18,60,000 shares. Qualified Institutional Buyers (QIB) are offered in Italian Edibles IPO and in Polysil Irrigation Systems IPO.

 Italian Edibles IPOPolysil Irrigation Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration2,00,000 shares1,64,000 shares
QIB
NII18,60,000 shares15,32,000 shares
RII18,60,000 shares15,32,000 shares
Employee
Others
Total37,20,000 shares30,64,000 shares

Bids Received (Subscription)

Italian Edibles IPO subscribed 154.43x in total, whereas Polysil Irrigation Systems IPO subscribed 6.88x.

 Italian Edibles IPOPolysil Irrigation Systems IPO
QIB (times)
NII (times)177.37x2.12x
Big NII (times)
Small NII (times)
RII (times)120.62x11.62x
Employee (times)
Other (times)
Total (times)154.43x6.88x