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Refractory Shapes IPO vs TGIF Agribusiness IPO

Comparison between Refractory Shapes IPO and TGIF Agribusiness IPO.

IPO Details

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 IPOTGIF Agribusiness IPO
LogoRefractory Shapes IPO LogoTGIF Agribusiness IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Hem Securities Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Hem Finlease 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 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 IPOTGIF 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
Market Lot Size4000 shares1200 shares
Fresh Issue Size56,96,000 shares6,52,800 shares
Fresh Issue Size (Amount)up to ₹17.66 Crup to ₹6.07 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,96,000 shares6,52,800 shares
Issue Size Total (Amount)up to ₹17.66 Crup to ₹6.07 Cr

IPO Timetable

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 IPOTGIF Agribusiness IPO
Anchor Bid DateMay 03, 2024
Issue OpenMay 06, 2024May 08, 2024
Issue CloseMay 09, 2024May 10, 2024
Basis Of Allotment (Tentative)May 10, 2024May 13, 2024
Initiation of Refunds (Tentative)May 13, 2024May 14, 2024
Credit of Share (Tentative)May 13, 2024May 14, 2024
Listing date (Tentative)May 14, 2024May 15, 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 TGIF Agribusiness IPO P/E ratio of 13.58.

 Refractory Shapes IPOTGIF Agribusiness 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)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets2.821.880.652.92
Total Income1.722.322.071.82
Profit After Tax0.811.301.150.38
NET Worth1.901.760.462.58
Total Borrowing0.67
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.8%
Promoter Shareholding (Post-Issue)72.48%73.28%
P/E Ratio25.5513.58
Market Cap₹67.58 Cr.₹24.06 Cr.
ROE15.58
ROCE9.79
Debt/Equity1.18
EPS₹1.21₹6.85
RoNW15.5842.85

Shares Offered

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 IPOTGIF Agribusiness IPO
Anchor Investor Reservation17,00,000 shares
Market Maker Reservation3,04,000 shares34,800 shares
QIB11,44,000 shares
NII8,56,000 shares3,26,400 shares
RII19,96,000 shares3,26,400 shares
Total56,96,000 shares6,52,800 shares

Bids Received (Subscription)

Refractory Shapes IPO subscribed 178.95x in total, whereas TGIF Agribusiness IPO subscribed 34.13x.

 Refractory Shapes IPOTGIF Agribusiness IPO
QIB (times)90.59x
NII (times)464.43x35.35x
RII (times)259.56x32.92x
Total (times)178.95x34.13x

Compare with others

Refractory Shapes IPOTGIF Agribusiness IPO
Aztec Fluids IPOIndian Emulsifiers IPO
Premier Roadlines IPOAztec Fluids IPO
Silkflex Polymers IPOPremier Roadlines IPO
Energy-Mission Machineries IPOSilkflex Polymers IPO
TGIF Agribusiness IPOEnergy-Mission Machineries IPO
Winsol Engineers IPORefractory Shapes IPO
Slone Infosystems IPOWinsol Engineers IPO
Sai Swami Metals IPOSlone Infosystems IPO
Amkay Products IPOSai Swami Metals IPO
Storage Technologies IPOAmkay Products IPO

Compare:

Refractory Shapes IPO Vs TGIF Agribusiness IPO