Premium Plast IPO vs Usha Financial IPO

Comparison between Premium Plast IPO and Usha Financial IPO.

IPO Details

Premium Plast IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Usha Financial IPO is a SME Bookbuilding proposed to list at NSE SME.

	Premium Plast IPO	Usha Financial IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Khandwala Securities Ltd.	Unistone Capital Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Asnani Stock Broker Pvt.Ltd.	SS Corporate Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Premium Plast IPO is up to ₹24.87 Cr whereas the issue size of the Usha Financial IPO is up to ₹93.06 Cr. The final issue price of Premium Plast IPO is ₹49.00 per share and of Usha Financial IPO is ₹168.00 per share.

	Premium Plast IPO	Usha Financial IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹46.00 per share	₹160.00 per share
Issue Price (Upper)	₹49.00 per share	₹168.00 per share
Issue Price (Final)	₹49.00 per share	₹168.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	800 shares
Fresh Issue Size	50,76,000 shares	55,39,200 shares
Fresh Issue Size (Amount)	up to ₹24.87 Cr	up to ₹93.06 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	50,76,000 shares	55,39,200 shares
Issue Size Total (Amount)	up to ₹24.87 Cr	up to ₹93.06 Cr

IPO Timetable

Premium Plast IPO opens on Oct 21, 2024, while Usha Financial IPO opens on Oct 24, 2024. The closing date of Premium Plast IPO and Usha Financial IPO is Oct 23, 2024, and Oct 28, 2024, respectively.

	Premium Plast IPO	Usha Financial IPO
Anchor Bid Date		Oct 23, 2024
Issue Open	Oct 21, 2024	Oct 24, 2024
Issue Close	Oct 23, 2024	Oct 28, 2024
Basis Of Allotment (Tentative)	Oct 24, 2024	Oct 29, 2024
Initiation of Refunds (Tentative)	Oct 25, 2024	Oct 30, 2024
Credit of Share (Tentative)	Oct 25, 2024	Oct 30, 2024
Listing date (Tentative)	Oct 28, 2024	Oct 31, 2024
Anchor Lockin End date 1		Nov 28, 2024
Anchor Lockin End date 2		Jan 27, 2025

Financials & KPIs

Premium Plast IPO P/E ratio is 14.11, as compared to Usha Financial IPO P/E ratio of 19.83.

Premium Plast IPO

Usha Financial IPO

Financials

Premium Plast Limited Financial Information (Restated Consolidated)

Premium Plast Limited's revenue increased by 6% and profit after tax (PAT) rose by 200% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,006.31	3,809.23	2,905.45	2,516.95
Total Income	1,212.81	4,670.59	4,404.83	3,104.78
Profit After Tax	141.16	477.55	159.32	77.7
Net Worth	2,216.67	1,652.51	1,174.96	1,015.64
Reserves and Surplus	841.56	1,176.45	698.91	539.59
Total Borrowing	506.84	830.98	505.35	512.28
Amount in ₹ Lakhs

Usha Financial Services Limited Financial Information (Restated)

Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	35,133.66	33,585.81	37,222.64	16,428.07
Total Income	2,681.26	6,396.05	4,618.73	2,531.36
Profit After Tax	504.16	1,344.95	1,016.55	414.42
Net Worth	11,106.79	10,602.63	8,207.38	4,767.58
Reserves and Surplus	9,519.03	9,014.87	7,265.57	4,109.41
Total Borrowing	18,861.94	18,128.22	24,751.41	9,723.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.45

98.91

Promoter Shareholding (Post-Issue)

68.73

72.24

P/E Ratio

14.11

19.83

Market Cap

₹93.58 Cr.

₹365.19 Cr.

ROE

6.37%

9.29%

ROCE

7.88%

12.02%

Debt/Equity

1.70

EPS

₹3.47

₹8.47

RoNW

6.37%

9.29%

Shares Offered

In the Premium Plast IPO Retail Individual Investors (RII) are offered 22,83,000 shares while in Usha Financial IPO retail investors are offered 22,83,000 shares. Qualified Institutional Buyers (QIB) are offered 5,10,000 shares in Premium Plast IPO and 11,08,000 shares in Usha Financial IPO.

	Premium Plast IPO	Usha Financial IPO
Anchor Investor Reserveration		16,60,800 shares
Market Maker Reserveration	2,70,000 shares	3,20,800 shares
QIB	5,10,000 shares	11,08,000 shares
NII	22,83,000 shares	8,31,200 shares
RII	22,83,000 shares	19,39,200 shares
Employee
Others
Total	50,76,000 shares	55,39,200 shares

Bids Received (Subscription)

Premium Plast IPO subscribed 38.87x in total, whereas Usha Financial IPO subscribed 19.37x.

	Premium Plast IPO	Usha Financial IPO
QIB (times)	6.74x	10.04x
NII (times)	19.56x	28.55x
Big NII (times)
Small NII (times)
RII (times)	65.37x	20.76x
Employee (times)
Other (times)
Total (times)	38.87x	19.37x

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