Comparison between Refractory Shapes IPO and TGIF Agribusiness IPO.
Refractory Shapes IPO is a SME Fixed Price IPO proposed to list at NSE SME while TGIF Agribusiness IPO is a SME Fixed Price proposed to list at BSE SME.
| Refractory Shapes IPO | TGIF Agribusiness IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Shreni Shares Ltd. | Hem Securities Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | Hem Finlease Pvt.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 TGIF Agribusiness IPO is up to ₹6.07 Cr. The final issue price of Refractory Shapes IPO is ₹31.00 per share and of TGIF Agribusiness IPO is ₹93.00 per share.
| Refractory Shapes IPO | TGIF Agribusiness 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 | ₹93.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 4000 shares | 1200 shares |
| Fresh Issue Size | 56,96,000 shares | 6,52,800 shares |
| Fresh Issue Size (Amount) | up to ₹17.66 Cr | up to ₹6.07 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 | 6,52,800 shares |
| Issue Size Total (Amount) | up to ₹17.66 Cr | up to ₹6.07 Cr |
Refractory Shapes IPO opens on May 06, 2024, while TGIF Agribusiness IPO opens on May 08, 2024. The closing date of Refractory Shapes IPO and TGIF Agribusiness IPO is May 09, 2024, and May 10, 2024, respectively.
| Refractory Shapes IPO | TGIF Agribusiness IPO | |
|---|---|---|
| Anchor Bid Date | May 03, 2024 | |
| Issue Open | May 06, 2024 | May 08, 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 TGIF Agribusiness IPO P/E ratio of 13.58.
| Refractory Shapes IPO | TGIF Agribusiness 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.
| TGIF Agribusiness Limited Financial Information (Restated)TGIF Agribusiness Limited's revenue increased by 12.14% and profit after tax (PAT) rose by 12.63% between the financial year ending with March 31, 2023 and March 31, 2022.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 99.80 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.48 | 73.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 25.55 | 13.58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹67.58 Cr. | ₹24.06 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 15.58% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 9.79% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.21 | ₹6.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.58% | 42.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Refractory Shapes IPO Retail Individual Investors (RII) are offered 19,96,000 shares while in TGIF Agribusiness 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 TGIF Agribusiness IPO.
| Refractory Shapes IPO | TGIF Agribusiness IPO | |
|---|---|---|
| Anchor Investor Reserveration | 17,00,000 shares | |
| Market Maker Reserveration | 3,04,000 shares | 34,800 shares |
| QIB | 11,44,000 shares | |
| NII | 8,56,000 shares | 3,26,400 shares |
| RII | 19,96,000 shares | 3,26,400 shares |
| Employee | ||
| Others | ||
| Total | 56,96,000 shares | 6,52,800 shares |
Refractory Shapes IPO subscribed 255.08x in total, whereas TGIF Agribusiness IPO subscribed 37.13x.
| Refractory Shapes IPO | TGIF Agribusiness IPO | |
|---|---|---|
| QIB (times) | 90.59x | |
| NII (times) | 464.43x | 35.35x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 259.56x | 32.92x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 255.08x | 37.13x |
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
