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Polysil Irrigation Systems IPO vs Wise Travel IPO

Comparison between Polysil Irrigation Systems IPO and Wise Travel IPO.

IPO Details

Polysil Irrigation Systems IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Wise Travel IPO is a SME Bookbuilding proposed to list at NSE SME.

 Polysil Irrigation Systems IPOWise Travel IPO
LogoPolysil Irrigation Systems IPO LogoWise Travel IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Share India Capital Services Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Beetal Financial & Computer Services Pvt.Ltd.
Market MakerMarket-Hub Stock Broking Pvt.Ltd.Share India 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 Wise Travel IPO is up to ₹88.24 Cr. The final issue price of Polysil Irrigation Systems IPO is ₹54.00 per share and of Wise Travel IPO is ₹147.00 per share.

 Polysil Irrigation Systems IPOWise Travel IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹140.00 per share
Issue Price (Upper)₹147.00 per share
Issue Price (Final)₹54.00 per share₹147.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size2000 shares1000 shares
Fresh Issue Size12,80,000 shares60,03,000 shares
Fresh Issue Size (Amount)up to ₹6.91 Crup to ₹88.24 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 shares60,03,000 shares
Issue Size Total (Amount)up to ₹16.55 Crup to ₹88.24 Cr

IPO Timetable

Polysil Irrigation Systems IPO opens on Feb 08, 2024, while Wise Travel IPO opens on Feb 12, 2024. The closing date of Polysil Irrigation Systems IPO and Wise Travel IPO is Feb 13, 2024, and Feb 14, 2024, respectively.

 Polysil Irrigation Systems IPOWise Travel IPO
Anchor Bid DateFeb 09, 2024
Issue OpenFeb 08, 2024Feb 12, 2024
Issue CloseFeb 13, 2024Feb 14, 2024
Basis Of Allotment (Tentative)Feb 14, 2024Feb 15, 2024
Initiation of Refunds (Tentative)Feb 15, 2024Feb 16, 2024
Credit of Share (Tentative)Feb 15, 2024Feb 16, 2024
Listing date (Tentative)Feb 16, 2024Feb 19, 2024
Anchor Lockin End date 1Mar 16, 2024
Anchor Lockin End date 2May 15, 2024

Financials & KPIs

Polysil Irrigation Systems IPO P/E ratio is 47.08, as compared to Wise Travel IPO P/E ratio of 24.81.

 Polysil Irrigation Systems IPOWise Travel 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)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets134.28121.6160.0352.71
Total Income190.17249.9789.7044.06
Profit After Tax11.3310.293.781.73
NET Worth51.9440.6128.3224.54
Reserves and Surplus34.5737.4625.3721.59
Total Borrowing16.2816.752.160.57
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)33.7995.63
Promoter Shareholding (Post-Issue)29.4969.76
P/E Ratio47.0824.81
Market Cap₹61.24 Cr.₹350.03 Cr.
ROE7.39%29.79%
ROCE12.81%22.90%
Debt/Equity1.010.65
EPS₹1.15₹5.91
RoNW7.39%25.28%

Shares Offered

In the Polysil Irrigation Systems IPO Retail Individual Investors (RII) are offered 15,32,000 shares while in Wise Travel IPO retail investors are offered 15,32,000 shares. Qualified Institutional Buyers (QIB) are offered in Polysil Irrigation Systems IPO and 11,91,000 shares in Wise Travel IPO.

 Polysil Irrigation Systems IPOWise Travel IPO
Anchor Investor Reservation17,85,000 shares
Market Maker Reservation1,64,000 shares4,38,000 shares
QIB11,91,000 shares
NII15,32,000 shares8,94,000 shares
RII15,32,000 shares20,84,000 shares
Employee49,000 shares
Others
Total30,64,000 shares60,03,000 shares

Bids Received (Subscription)

Polysil Irrigation Systems IPO subscribed 6.88x in total, whereas Wise Travel IPO subscribed 163.46x.

 Polysil Irrigation Systems IPOWise Travel IPO
QIB (times)106.69x
NII (times)2.12x375.56x
Big NII (times)
Small NII (times)
RII (times)11.62x108.76x
Employee (times)
Other (times)
Total (times)6.88x163.46x

Compare with others

Polysil Irrigation Systems IPOWise Travel IPO
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Thaai Casting IPOPolysil Irrigation Systems IPO
Kalahridhaan Trendz IPORudra Gas Enterprise IPO
Rudra Gas Enterprise IPOAlpex Solar IPO
Wise Travel IPOItalian Edibles IPO
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Italian Edibles IPOMayank Cattle Food IPO
Gabriel Pet Straps IPODocmode Health Technologies IPO

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Polysil Irrigation Systems IPO Vs Wise Travel IPO