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.

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 IPOStorage 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 Size4000 shares1600 shares
Fresh Issue Size56,96,000 shares36,40,000 shares
Fresh Issue Size (Amount)up to ₹17.66 Crup to ₹28.39 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,96,000 shares36,40,000 shares
Issue Size Total (Amount)up to ₹17.66 Crup 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 IPOStorage Technologies IPO
Anchor Bid DateMay 03, 2024Apr 29, 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, 2024Jun 05, 2024
Anchor Lockin End date 2Aug 08, 2024Aug 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 IPOStorage Technologies 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 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets63.7640.0435.6831.13
Total Income53.1781.3769.9048.52
Profit After Tax3.590.48-0.201.18
NET Worth9.545.955.465.67
Reserves and Surplus6.542.952.464.67
Total Borrowing16.339.328.713.47
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)72.4870.09
P/E Ratio25.5548.45
Market Cap₹67.58 Cr.
ROE15.58%46.37%
ROCE9.79%22.52%
Debt/Equity1.18
EPS₹1.21₹11.96
RoNW15.58%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 IPOStorage Technologies IPO
Anchor Investor Reservation17,00,000 shares10,89,600 shares
Market Maker Reservation3,04,000 shares2,00,000 shares
QIB11,44,000 shares7,28,000 shares
NII8,56,000 shares5,47,200 shares
RII19,96,000 shares12,75,200 shares
Employee
Others
Total56,96,000 shares36,40,000 shares

Bids Received (Subscription)

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

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Refractory Shapes IPO Vs Storage Technologies IPO