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Polysil Irrigation Systems IPO vs Thaai Casting IPO

Comparison between Polysil Irrigation Systems IPO and Thaai Casting IPO.

IPO Details

Polysil Irrigation Systems IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Thaai Casting IPO is a SME Bookbuilding proposed to list at NSE SME.

 Polysil Irrigation Systems IPOThaai Casting IPO
LogoPolysil Irrigation Systems IPO LogoThaai Casting IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerMarket-Hub Stock Broking Pvt.Ltd.Giriraj Stock 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 Polysil Irrigation Systems IPO is up to ₹16.55 Cr whereas the issue size of the Thaai Casting IPO is up to ₹44.52 Cr. The final issue price of Polysil Irrigation Systems IPO is ₹54.00 per share and of Thaai Casting IPO is ₹77.00 per share.

 Polysil Irrigation Systems IPOThaai Casting IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹73.00 per share
Issue Price (Upper)₹77.00 per share
Issue Price (Final)₹54.00 per share₹77.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size12,80,000 shares57,82,400 shares
Fresh Issue Size (Amount)up to ₹6.91 Crup to ₹44.52 Cr
OFS Issue Size17,84,000 shares0 shares
OFS Issue Size (Amount)up to ₹9.63 Crup to ₹0.00 Cr
Issue Size Total30,64,000 shares57,82,400 shares
Issue Size Total (Amount)up to ₹16.55 Crup to ₹44.52 Cr

IPO Timetable

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

 Polysil Irrigation Systems IPOThaai Casting IPO
Anchor Bid DateFeb 14, 2024
Issue OpenFeb 08, 2024Feb 15, 2024
Issue CloseFeb 13, 2024Feb 20, 2024
Basis Of Allotment (Tentative)Feb 14, 2024Feb 21, 2024
Initiation of Refunds (Tentative)Feb 15, 2024Feb 21, 2024
Credit of Share (Tentative)Feb 15, 2024Feb 22, 2024
Listing date (Tentative)Feb 16, 2024Feb 23, 2024
Anchor Lockin End date 1Mar 21, 2024
Anchor Lockin End date 2May 20, 2024

Financials & KPIs

Polysil Irrigation Systems IPO P/E ratio is 47.08, as compared to Thaai Casting IPO P/E ratio of 25.99.

 Polysil Irrigation Systems IPOThaai Casting IPO
Financials

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

Company Financials (Restated Standalone)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets146.3854.9937.5223.79
Total Income48.4949.1238.4220.49
Profit After Tax8.615.041.150.40
NET Worth41.1716.178.954.73
Reserves and Surplus6.21
Total Borrowing78.3029.8523.5113.14
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)33.7986.50
Promoter Shareholding (Post-Issue)29.49
P/E Ratio47.0825.99
Market Cap₹61.24 Cr.₹178.10 Cr.
ROE7.39%
ROCE12.81%13%
Debt/Equity1.011.85
EPS₹1.15₹2.96
RoNW7.39%40.10%

Shares Offered

In the Polysil Irrigation Systems IPO Retail Individual Investors (RII) are offered 15,32,000 shares while in Thaai Casting IPO retail investors are offered 15,32,000 shares. Qualified Institutional Buyers (QIB) are offered in Polysil Irrigation Systems IPO and 11,55,200 shares in Thaai Casting IPO.

 Polysil Irrigation Systems IPOThaai Casting IPO
Anchor Investor Reservation17,34,400 shares
Market Maker Reservation1,64,000 shares3,47,200 shares
QIB11,55,200 shares
NII15,32,000 shares8,68,800 shares
RII15,32,000 shares20,24,000 shares
Employee
Others
Total30,64,000 shares57,82,400 shares

Bids Received (Subscription)

Polysil Irrigation Systems IPO subscribed 6.88x in total, whereas Thaai Casting IPO subscribed 375.43x.

 Polysil Irrigation Systems IPOThaai Casting IPO
QIB (times)144.43x
NII (times)2.12x729.72x
Big NII (times)
Small NII (times)
RII (times)11.62x355.66x
Employee (times)
Other (times)
Total (times)6.88x375.43x

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Compare:

Polysil Irrigation Systems IPO Vs Thaai Casting IPO