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Active Infrastructures IPO vs Renol Polychem IPO

Comparison between Active Infrastructures IPO and Renol Polychem IPO.

IPO Details

Active Infrastructures IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Renol Polychem IPO is a SME Bookbuilding proposed to list at NSE SME.

 Active Infrastructures IPORenol Polychem IPO
LogoActive Infrastructures IPO LogoRenol Polychem IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersKreo Capital Pvt.Ltd.Corporate Makers Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerBadjate Stock & Shares Pvt.Ltd.Asnani Stock Broker Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Active Infrastructures IPO is up to ₹73.92 Cr whereas the issue size of the Renol Polychem IPO is up to ₹24.20 Cr. The final issue price of Active Infrastructures IPO is ₹181.00 per share and of Renol Polychem IPO is ₹105.00 per share.

 Active Infrastructures IPORenol Polychem IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹178.00 per share₹100.00 per share
Issue Price (Upper)₹181.00 per share₹105.00 per share
Issue Price (Final)₹181.00 per share₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size600 shares1200 shares
Fresh Issue Size40,84,200 shares23,05,200 shares
Fresh Issue Size (Amount)up to ₹73.92 Crup to ₹24.20 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total40,84,200 shares23,05,200 shares
Issue Size Total (Amount)up to ₹73.92 Crup to ₹24.20 Cr

IPO Timetable

Active Infrastructures IPO opens on Mar 21, 2025, while Renol Polychem IPO opens on Jul 31, 2025. The closing date of Active Infrastructures IPO and Renol Polychem IPO is Mar 25, 2025, and Aug 04, 2025, respectively.

 Active Infrastructures IPORenol Polychem IPO
Anchor Bid DateMar 20, 2025Jul 30, 2025
Issue OpenMar 21, 2025Jul 31, 2025
Issue CloseMar 25, 2025Aug 04, 2025
Basis Of Allotment (Tentative)Mar 26, 2025Aug 05, 2025
Initiation of Refunds (Tentative)Mar 27, 2025Aug 06, 2025
Credit of Share (Tentative)Mar 27, 2025Aug 06, 2025
Listing date (Tentative)Mar 28, 2025Aug 07, 2025
Anchor Lockin End date 1Apr 25, 2025Sep 04, 2025
Anchor Lockin End date 2Jun 24, 2025Nov 03, 2025

Financials & KPIs

Active Infrastructures IPO P/E ratio is 18.57, as compared to Renol Polychem IPO P/E ratio of 11.54.

 Active Infrastructures IPORenol Polychem IPO
Financials

Active Infrastructures Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets97.16107.5898.7126.26
Total Income33.997.4389.591.11
Profit After Tax5.5510.459.870.09
Net Worth32.5128.8418.4511.04
Reserves and Surplus24.8122.0217.6310.37
Total Borrowing56.0964.7669.3109.19
Amount in ₹ Crore

Renol Polychem Ltd. Financial Information (Restated)

Renol Polychem Ltd.'s revenue increased by 859% and profit after tax (PAT) rose by 226% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 May 202531 Mar 202531 Mar 202431 Mar 2023
Assets25.8623.4115.4910.28
Total Income12.0262.566.5241.86
Profit After Tax1.145.001.530.73
EBITDA1.607.072.181.14
Net Worth14.4713.338.692.71
Reserves and Surplus8.987.843.20
Total Borrowing5.286.952.585.36
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9999.99
Promoter Shareholding (Post-Issue)71.3669.11
P/E Ratio18.5711.54
Market Cap₹271.77 Cr.₹83.41 Cr.
ROE36.22%45.37%
ROCE14.90%64.18%
Debt/Equity2.250.52
EPS₹9.75₹9.10
RoNW36.22%45.37%

Shares Offered

In the Active Infrastructures IPO Retail Individual Investors (RII) are offered 20,42,400 shares while in Renol Polychem IPO retail investors are offered 20,42,400 shares. Qualified Institutional Buyers (QIB) are offered 1,63,800 shares in Active Infrastructures IPO and 2,56,800 shares in Renol Polychem IPO.

 Active Infrastructures IPORenol Polychem IPO
Anchor Investor Reserveration2,44,800 shares3,84,000 shares
Market Maker Reserveration2,16,000 shares1,48,800 shares
QIB1,63,800 shares2,56,800 shares
NII16,33,200 shares3,49,200 shares
RII20,42,400 shares13,15,200 shares
Employee0 shares0 shares
Others
Total40,84,200 shares23,05,200 shares

Bids Received (Subscription)

Active Infrastructures IPO subscribed 1.05x in total, whereas Renol Polychem IPO subscribed 6.83x.

 Active Infrastructures IPORenol Polychem IPO
QIB (times)1.00x8.41x
NII (times)1.66x6.89x
Big NII (times)7.21x
Small NII (times)6.25x
RII (times)0.57x6.51x
Employee (times)
Other (times)
Total (times)1.05x6.83x