Comparison between Refractory Shapes IPO and Silkflex Polymers IPO.
Refractory Shapes IPO is a SME Fixed Price IPO proposed to list at NSE SME while Silkflex Polymers IPO is a SME Fixed Price proposed to list at NSE SME.
| Refractory Shapes IPO | Silkflex Polymers IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Shreni Shares Ltd. | Shreni Shares Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Refractory Shapes IPO is up to ₹17.66 Cr whereas the issue size of the Silkflex Polymers IPO is up to ₹17.18 Cr. The final issue price of Refractory Shapes IPO is ₹31.00 per share and of Silkflex Polymers IPO is ₹52.00 per share.
| Refractory Shapes IPO | Silkflex Polymers 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 | ₹52.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 4000 shares | 2000 shares |
| Fresh Issue Size | 56,96,000 shares | 33,04,000 shares |
| Fresh Issue Size (Amount) | up to ₹17.66 Cr | up to ₹17.18 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 | 56,96,000 shares | 33,04,000 shares |
| Issue Size Total (Amount) | up to ₹17.66 Cr | up to ₹17.18 Cr |
Refractory Shapes IPO opens on May 06, 2024, while Silkflex Polymers IPO opens on May 07, 2024. The closing date of Refractory Shapes IPO and Silkflex Polymers IPO is May 09, 2024, and May 10, 2024, respectively.
| Refractory Shapes IPO | Silkflex Polymers IPO | |
|---|---|---|
| Anchor Bid Date | May 03, 2024 | |
| Issue Open | May 06, 2024 | May 07, 2024 |
| Issue Close | May 09, 2024 | May 10, 2024 |
| Basis Of Allotment (Tentative) | May 10, 2024 | May 13, 2024 |
| Initiation of Refunds (Tentative) | May 13, 2024 | May 14, 2024 |
| Credit of Share (Tentative) | May 13, 2024 | May 14, 2024 |
| Listing date (Tentative) | May 14, 2024 | May 15, 2024 |
| Anchor Lockin End date 1 | Jun 09, 2024 | |
| Anchor Lockin End date 2 | Aug 08, 2024 |
Refractory Shapes IPO P/E ratio is 25.55, as compared to Silkflex Polymers IPO P/E ratio of 53.76.
| Refractory Shapes IPO | Silkflex Polymers IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Refractory Shapes Limited Financial Information (Restated)Refractory Shapes Limited's revenue increased by 47.7% and profit after tax (PAT) dropped by -33.2% between the financial year ending with March 31, 2023 and March 31, 2022.
| Silkflex Polymers (India) Limited Financial Information (Restated)Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 100.00 | 99.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.48 | 69.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 25.55 | 53.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹67.58 Cr. | ₹60.36 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 15.58% | 23.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 9.79% | 41.04% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.18 | 1.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.21 | ₹0.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.58% | 23.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Refractory Shapes IPO Retail Individual Investors (RII) are offered 19,96,000 shares while in Silkflex Polymers 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 Silkflex Polymers IPO.
| Refractory Shapes IPO | Silkflex Polymers IPO | |
|---|---|---|
| Anchor Investor Reserveration | 17,00,000 shares | |
| Market Maker Reserveration | 3,04,000 shares | 1,78,000 shares |
| QIB | 11,44,000 shares | |
| NII | 8,56,000 shares | 16,52,000 shares |
| RII | 19,96,000 shares | 16,52,000 shares |
| Employee | ||
| Others | ||
| Total | 56,96,000 shares | 33,04,000 shares |
Refractory Shapes IPO subscribed 255.08x in total, whereas Silkflex Polymers IPO subscribed 39.30x.
| Refractory Shapes IPO | Silkflex Polymers IPO | |
|---|---|---|
| QIB (times) | 90.59x | |
| NII (times) | 464.43x | 36.59x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 259.56x | 35.97x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 255.08x | 39.30x |
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