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Positron Energy IPO vs Solve Plastic Products IPO

Comparison between Positron Energy IPO and Solve Plastic Products IPO.

IPO Details

Positron Energy IPO is a SME Fixed Price IPO proposed to list at NSE SME while Solve Plastic Products IPO is a SME Fixed Price proposed to list at NSE SME.

 Positron Energy IPOSolve Plastic Products IPO
LogoPositron Energy IPO LogoSolve Plastic Products IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Finshore Management Services Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Integrated Registry Management Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Black Fox Financial Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Positron Energy IPO is up to ₹48.65 Cr whereas the issue size of the Solve Plastic Products IPO is up to ₹11.25 Cr. The final issue price of Positron Energy IPO is ₹250.00 per share and of Solve Plastic Products IPO is ₹91.00 per share.

 Positron Energy IPOSolve Plastic Products IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹238.00 per share
Issue Price (Upper)₹250.00 per share
Issue Price (Final)₹250.00 per share₹91.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1200 shares
Fresh Issue Size19,45,800 shares12,36,000 shares
Fresh Issue Size (Amount)up to ₹48.65 Crup to ₹11.25 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total19,45,800 shares12,36,000 shares
Issue Size Total (Amount)up to ₹48.65 Crup to ₹11.25 Cr

IPO Timetable

Positron Energy IPO opens on Aug 12, 2024, while Solve Plastic Products IPO opens on Aug 13, 2024. The closing date of Positron Energy IPO and Solve Plastic Products IPO is Aug 14, 2024, and Aug 16, 2024, respectively.

 Positron Energy IPOSolve Plastic Products IPO
Anchor Bid DateAug 09, 2024
Issue OpenAug 12, 2024Aug 13, 2024
Issue CloseAug 14, 2024Aug 16, 2024
Basis Of Allotment (Tentative)Aug 16, 2024Aug 19, 2024
Initiation of Refunds (Tentative)Aug 19, 2024Aug 20, 2024
Credit of Share (Tentative)Aug 19, 2024Aug 20, 2024
Listing date (Tentative)Aug 20, 2024Aug 21, 2024
Anchor Lockin End date 1Sep 15, 2024
Anchor Lockin End date 2Nov 14, 2024

Financials & KPIs

Positron Energy IPO P/E ratio is 15.79, as compared to Solve Plastic Products IPO P/E ratio of 23.2.

 Positron Energy IPOSolve Plastic Products IPO
Financials

Positron Energy Limited Financial Information (Restated Consolidated)

Positron Energy Limited's revenue increased by 160.29% and profit after tax (PAT) rose by 312.96% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,789.022,476.25938.90
Total Income13,541.765,202.61896.85
Profit After Tax878.78212.8057.98
Net Worth1,489.26566.87354.45
Reserves and Surplus934.06532.17319.75
Total Borrowing1,027.90741.81368.33
Amount in ₹ Lakhs

Solve Plastic Products Limited Financial Information (Restated)

Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,211.531,874.271,822.99
Total Income4,715.736,225.435,577.89
Profit After Tax142.48120.27-40.71
Net Worth438.79192.5672.29
Reserves and Surplus132.16-110.94-231.21
Total Borrowing1,136.421,053.421,030.43
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)98.5690.22
Promoter Shareholding (Post-Issue)72.0063.33
P/E Ratio15.7923.2
Market Cap₹190.01 Cr.₹39.75 Cr.
ROE0.85%
ROCE0.62%
Debt/Equity0.692.83
EPS₹15.83₹3.92
RoNW59.01%32.47%

Shares Offered

In the Positron Energy IPO Retail Individual Investors (RII) are offered 6,81,600 shares while in Solve Plastic Products IPO retail investors are offered 6,81,600 shares. Qualified Institutional Buyers (QIB) are offered 3,88,800 shares in Positron Energy IPO and in Solve Plastic Products IPO.

 Positron Energy IPOSolve Plastic Products IPO
Anchor Investor Reserveration5,83,200 shares
Market Maker Reserveration1,02,600 shares66,000 shares
QIB3,88,800 shares
NII2,92,200 shares6,18,000 shares
RII6,81,600 shares6,18,000 shares
Employee
Others
Total19,45,800 shares12,36,000 shares

Bids Received (Subscription)

Positron Energy IPO subscribed 414.86x in total, whereas Solve Plastic Products IPO subscribed 34.23x.

 Positron Energy IPOSolve Plastic Products IPO
QIB (times)231.41x
NII (times)805.84x19.47x
Big NII (times)
Small NII (times)
RII (times)351.90x46.76x
Employee (times)
Other (times)
Total (times)414.86x34.23x