Refractory Shapes IPO vs Storage Technologies IPO

Comparison between Refractory Shapes IPO and Storage Technologies IPO.

IPO Details

Refractory Shapes IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Storage Technologies IPO is a SME Bookbuilding proposed to list at BSE SME.

	Refractory Shapes IPO	Storage Technologies IPO
Logo	$Refractory Shapes IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Shreni Shares Ltd.	Oneview Corporate Advisors Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Integrated Registry Management Services Pvt.Ltd.
Market Maker	Shreni Shares Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO 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 Storage Technologies IPO is up to ₹28.39 Cr. The final issue price of Refractory Shapes IPO is ₹31.00 per share and of Storage Technologies IPO is ₹78.00 per share.

	Refractory Shapes IPO	Storage Technologies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹27.00 per share	₹73.00 per share
Issue Price (Upper)	₹31.00 per share	₹78.00 per share
Issue Price (Final)	₹31.00 per share	₹78.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	4000 shares	1600 shares
Fresh Issue Size	56,96,000 shares	36,40,000 shares
Fresh Issue Size (Amount)	up to ₹17.66 Cr	up to ₹28.39 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	36,40,000 shares
Issue Size Total (Amount)	up to ₹17.66 Cr	up to ₹28.39 Cr

IPO Timetable

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

	Refractory Shapes IPO	Storage Technologies IPO
Anchor Bid Date	May 03, 2024	Apr 29, 2024
Issue Open	May 06, 2024	Apr 30, 2024
Issue Close	May 09, 2024	May 03, 2024
Basis Of Allotment (Tentative)	May 10, 2024	May 06, 2024
Initiation of Refunds (Tentative)	May 13, 2024	May 07, 2024
Credit of Share (Tentative)	May 13, 2024	May 07, 2024
Listing date (Tentative)	May 14, 2024	May 08, 2024
Anchor Lockin End date 1	Jun 09, 2024	Jun 05, 2024
Anchor Lockin End date 2	Aug 08, 2024	Aug 04, 2024

Financials & KPIs

Refractory Shapes IPO P/E ratio is 25.55, as compared to Storage Technologies IPO P/E ratio of 48.45.

Refractory Shapes IPO

Storage Technologies 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.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,289.90	5,003.81	3,684.82	2,723.72
Total Income	2,999.04	3,872.23	2,621.67	2,179.67
Profit After Tax	307.94	191.74	287.04	156.39
Net Worth	396.58	1,668.64	1,476.90	1,189.86
Reserves and Surplus	396.58	1,658.64	1,466.90	1,179.86
Total Borrowing	2,341.80	2,048.63	1,570.12	1,234.18
Amount in ₹ Lakhs

Storage Technologies & Automation Ltd Financial Information (Restated Consolidated)

Storage Technologies & Automation Ltd's revenue increased by 16.42% and profit after tax (PAT) rose by 335.72% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,375.77	4,004.01	3,567.70	3,113.04
Total Income	5,317.09	8,137.12	6,989.72	4,852.38
Profit After Tax	358.91	48.30	-20.49	118.42
Net Worth	953.52	594.61	546.31	566.81
Reserves and Surplus	653.52	294.61	246.31	466.81
Total Borrowing	1,632.53	931.63	871.10	347.48
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

72.48

70.09

P/E Ratio

25.55

48.45

Market Cap

₹67.58 Cr.

ROE

15.58%

46.37%

ROCE

9.79%

22.52%

Debt/Equity

1.18

EPS

₹1.21

₹11.96

RoNW

15.58%

37.64%

Shares Offered

In the Refractory Shapes IPO Retail Individual Investors (RII) are offered 19,96,000 shares while in Storage Technologies IPO retail investors are offered 19,96,000 shares. Qualified Institutional Buyers (QIB) are offered 11,44,000 shares in Refractory Shapes IPO and 7,28,000 shares in Storage Technologies IPO.

	Refractory Shapes IPO	Storage Technologies IPO
Anchor Investor Reserveration	17,00,000 shares	10,89,600 shares
Market Maker Reserveration	3,04,000 shares	2,00,000 shares
QIB	11,44,000 shares	7,28,000 shares
NII	8,56,000 shares	5,47,200 shares
RII	19,96,000 shares	12,75,200 shares
Employee
Others
Total	56,96,000 shares	36,40,000 shares

Bids Received (Subscription)

Refractory Shapes IPO subscribed 255.08x in total, whereas Storage Technologies IPO subscribed 278.82x.

	Refractory Shapes IPO	Storage Technologies IPO
QIB (times)	90.59x	117.86x
NII (times)	464.43x	577.02x
Big NII (times)
Small NII (times)
RII (times)	259.56x	242.74x
Employee (times)
Other (times)
Total (times)	255.08x	278.82x

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