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Polysil Irrigation Systems IPO vs Trust Fintech IPO

Comparison between Polysil Irrigation Systems IPO and Trust Fintech IPO.

IPO Details

Polysil Irrigation Systems IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Trust Fintech IPO is a SME Bookbuilding proposed to list at NSE SME.

 Polysil Irrigation Systems IPOTrust Fintech IPO
LogoPolysil Irrigation Systems IPO LogoTrust Fintech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerMarket-Hub Stock Broking Pvt.Ltd.SS Corporate Securities 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 Trust Fintech IPO is up to ₹60.24 Cr. The final issue price of Polysil Irrigation Systems IPO is ₹54.00 per share and of Trust Fintech IPO is ₹101.00 per share.

 Polysil Irrigation Systems IPOTrust Fintech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹101.00 per share
Issue Price (Final)₹54.00 per share₹101.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size12,80,000 shares59,64,000 shares
Fresh Issue Size (Amount)up to ₹6.91 Crup to ₹60.24 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 shares59,64,000 shares
Issue Size Total (Amount)up to ₹16.55 Crup to ₹60.24 Cr

IPO Timetable

Polysil Irrigation Systems IPO opens on Feb 08, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Polysil Irrigation Systems IPO and Trust Fintech IPO is Feb 13, 2024, and Mar 28, 2024, respectively.

 Polysil Irrigation Systems IPOTrust Fintech IPO
Anchor Bid DateMar 22, 2024
Issue OpenFeb 08, 2024Mar 26, 2024
Issue CloseFeb 13, 2024Mar 28, 2024
Basis Of Allotment (Tentative)Feb 14, 2024Apr 02, 2024
Initiation of Refunds (Tentative)Feb 15, 2024Apr 03, 2024
Credit of Share (Tentative)Feb 15, 2024Apr 03, 2024
Listing date (Tentative)Feb 16, 2024Apr 04, 2024
Anchor Lockin End date 1May 02, 2024
Anchor Lockin End date 2Jul 01, 2024

Financials & KPIs

Polysil Irrigation Systems IPO P/E ratio is 47.08, as compared to Trust Fintech IPO P/E ratio of 44.05.

 Polysil Irrigation Systems IPOTrust Fintech 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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets39.8931.1919.5915.90
Total Income18.8322.7018.0024.18
Profit After Tax7.284.021.342.20
NET Worth34.4727.1915.1613.83
Reserves and Surplus29.2822.009.988.64
Total Borrowing-0.34-0.041.19-0.44
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)33.7993.51
Promoter Shareholding (Post-Issue)29.4968.85
P/E Ratio47.0844.05
Market Cap₹61.24 Cr.₹240.63 Cr.
ROE7.39%23.61%
ROCE12.81%28.54%
Debt/Equity1.01
EPS₹1.15₹2.29
RoNW7.39%27.51%

Shares Offered

In the Polysil Irrigation Systems IPO Retail Individual Investors (RII) are offered 15,32,000 shares while in Trust Fintech IPO retail investors are offered 15,32,000 shares. Qualified Institutional Buyers (QIB) are offered in Polysil Irrigation Systems IPO and 11,92,800 shares in Trust Fintech IPO.

 Polysil Irrigation Systems IPOTrust Fintech IPO
Anchor Investor Reservation17,88,000 shares
Market Maker Reservation1,64,000 shares3,18,000 shares
QIB11,92,800 shares
NII15,32,000 shares8,95,200 shares
RII15,32,000 shares20,88,000 shares
Employee
Others
Total30,64,000 shares59,64,000 shares

Bids Received (Subscription)

Polysil Irrigation Systems IPO subscribed 6.88x in total, whereas Trust Fintech IPO subscribed 108.63x.

 Polysil Irrigation Systems IPOTrust Fintech IPO
QIB (times)65.38x
NII (times)2.12x244.48x
Big NII (times)
Small NII (times)
RII (times)11.62x75.10x
Employee (times)
Other (times)
Total (times)6.88x108.63x

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Compare:

Polysil Irrigation Systems IPO Vs Trust Fintech IPO