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Refractory Shapes IPO vs Sai Swami Metals IPO

Comparison between Refractory Shapes IPO and Sai Swami Metals IPO.

IPO Details

Refractory Shapes IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sai Swami Metals IPO is a SME Fixed Price proposed to list at BSE SME.

 Refractory Shapes IPOSai Swami Metals IPO
LogoRefractory Shapes IPO LogoSai Swami Metals IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Swastika Investmart Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Sunflower 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 Refractory Shapes IPO is up to ₹17.66 Cr whereas the issue size of the Sai Swami Metals IPO is up to ₹14.23 Cr. The final issue price of Refractory Shapes IPO is ₹31.00 per share and of Sai Swami Metals IPO is ₹60.00 per share.

 Refractory Shapes IPOSai Swami Metals IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹27.00 per share
Issue Price (Upper)₹31.00 per share
Issue Price (Final)₹31.00 per share₹60.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares2000 shares
Fresh Issue Size56,96,000 shares23,72,000 shares
Fresh Issue Size (Amount)up to ₹17.66 Crup to ₹14.23 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,96,000 shares23,72,000 shares
Issue Size Total (Amount)up to ₹17.66 Crup to ₹14.23 Cr

IPO Timetable

Refractory Shapes IPO opens on May 06, 2024, while Sai Swami Metals IPO opens on Apr 30, 2024. The closing date of Refractory Shapes IPO and Sai Swami Metals IPO is May 09, 2024, and May 03, 2024, respectively.

 Refractory Shapes IPOSai Swami Metals IPO
Anchor Bid DateMay 03, 2024
Issue OpenMay 06, 2024Apr 30, 2024
Issue CloseMay 09, 2024May 03, 2024
Basis Of Allotment (Tentative)May 10, 2024May 06, 2024
Initiation of Refunds (Tentative)May 13, 2024May 07, 2024
Credit of Share (Tentative)May 13, 2024May 07, 2024
Listing date (Tentative)May 14, 2024May 08, 2024
Anchor Lockin End date 1Jun 09, 2024
Anchor Lockin End date 2Aug 08, 2024

Financials & KPIs

Refractory Shapes IPO P/E ratio is 25.55, as compared to Sai Swami Metals IPO P/E ratio of 11.34.

 Refractory Shapes IPOSai Swami Metals IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets52.9050.0436.8527.24
Total Income29.9938.7226.2221.80
Profit After Tax3.081.922.871.56
NET Worth3.9716.6914.7711.90
Reserves and Surplus3.9716.5914.6711.80
Total Borrowing23.4220.4915.7012.34
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 2023
Assets26.1725.83
Total Income33.346.27
Profit After Tax1.800.04
NET Worth6.640.35
Reserves and Surplus2.530.34
Total Borrowing7.436.10
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.88%
Promoter Shareholding (Post-Issue)72.48%62.15%
P/E Ratio25.5511.34
Market Cap₹67.58 Cr.₹39.71 Cr.
ROE15.58
ROCE9.79
Debt/Equity1.18
EPS₹1.21₹5.29
RoNW15.5827.02

Shares Offered

In the Refractory Shapes IPO Retail Individual Investors (RII) are offered 19,96,000 shares while in Sai Swami Metals IPO retail investors are offered 19,96,000 shares. Qualified Institutional Buyers (QIB) are offered 11,44,000 shares in Refractory Shapes IPO and in Sai Swami Metals IPO.

 Refractory Shapes IPOSai Swami Metals IPO
Anchor Investor Reservation17,00,000 shares
Market Maker Reservation3,04,000 shares1,28,000 shares
QIB11,44,000 shares
NII8,56,000 shares11,86,000 shares
RII19,96,000 shares11,86,000 shares
Total56,96,000 shares23,72,000 shares

Bids Received (Subscription)

Refractory Shapes IPO subscribed 178.95x in total, whereas Sai Swami Metals IPO subscribed 531.42x.

 Refractory Shapes IPOSai Swami Metals IPO
QIB (times)90.59x
NII (times)464.43x533.83x
RII (times)259.56x529.01x
Total (times)178.95x531.42x

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Compare:

Refractory Shapes IPO Vs Sai Swami Metals IPO