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Desco Infratech IPO vs Renol Polychem IPO

Comparison between Desco Infratech IPO and Renol Polychem IPO.

IPO Details

Desco Infratech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Renol Polychem IPO is a SME Bookbuilding proposed to list at NSE SME.

 Desco Infratech IPORenol Polychem IPO
LogoDesco Infratech IPO LogoRenol Polychem IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSmart Horizon Capital Advisors Pvt.Ltd.Corporate Makers Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerRikhav Securities 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 Desco Infratech IPO is up to ₹29.15 Cr whereas the issue size of the Renol Polychem IPO is up to ₹24.20 Cr. The final issue price of Desco Infratech IPO is ₹150.00 per share and of Renol Polychem IPO is ₹105.00 per share.

 Desco Infratech IPORenol Polychem IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹147.00 per share₹100.00 per share
Issue Price (Upper)₹150.00 per share₹105.00 per share
Issue Price (Final)₹150.00 per share₹105.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size19,43,000 shares23,05,200 shares
Fresh Issue Size (Amount)up to ₹29.15 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 Total19,43,000 shares23,05,200 shares
Issue Size Total (Amount)up to ₹29.15 Crup to ₹24.20 Cr

IPO Timetable

Desco Infratech IPO opens on Mar 24, 2025, while Renol Polychem IPO opens on Jul 31, 2025. The closing date of Desco Infratech IPO and Renol Polychem IPO is Mar 26, 2025, and Aug 04, 2025, respectively.

 Desco Infratech IPORenol Polychem IPO
Anchor Bid DateMar 21, 2025Jul 30, 2025
Issue OpenMar 24, 2025Jul 31, 2025
Issue CloseMar 26, 2025Aug 04, 2025
Basis Of Allotment (Tentative)Mar 27, 2025Aug 05, 2025
Initiation of Refunds (Tentative)Mar 28, 2025Aug 06, 2025
Credit of Share (Tentative)Mar 28, 2025Aug 06, 2025
Listing date (Tentative)Apr 01, 2025Aug 07, 2025
Anchor Lockin End date 1Apr 26, 2025Sep 04, 2025
Anchor Lockin End date 2Jun 25, 2025Nov 03, 2025

Financials & KPIs

Desco Infratech IPO P/E ratio is 24.4, as compared to Renol Polychem IPO P/E ratio of 11.54.

 Desco Infratech IPORenol Polychem IPO
Financials

Desco Infratech Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets36.1223.820.6511.73
Total Income22.7529.4929.2819.92
Profit After Tax3.383.461.230.83
Net Worth22.6711.995.043.85
Reserves and Surplus17.0411.724.793.6
Total Borrowing6.824.065.813.09
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)79.2999.99
Promoter Shareholding (Post-Issue)58.1269.11
P/E Ratio24.411.54
Market Cap₹115.14 Cr.₹83.41 Cr.
ROE40.61%45.37%
ROCE75.97%64.18%
Debt/Equity0.340.52
EPS₹6.15₹9.10
RoNW28.83%45.37%

Shares Offered

In the Desco Infratech IPO Retail Individual Investors (RII) are offered 6,86,000 shares while in Renol Polychem IPO retail investors are offered 6,86,000 shares. Qualified Institutional Buyers (QIB) are offered 3,86,000 shares in Desco Infratech IPO and 2,56,800 shares in Renol Polychem IPO.

 Desco Infratech IPORenol Polychem IPO
Anchor Investor Reserveration5,77,000 shares3,84,000 shares
Market Maker Reserveration1,07,000 shares1,48,800 shares
QIB3,86,000 shares2,56,800 shares
NII2,94,000 shares3,49,200 shares
RII6,86,000 shares13,15,200 shares
Employee0 shares0 shares
Others
Total19,43,000 shares23,05,200 shares

Bids Received (Subscription)

Desco Infratech IPO subscribed 83.75x in total, whereas Renol Polychem IPO subscribed 6.83x.

 Desco Infratech IPORenol Polychem IPO
QIB (times)28.76x8.41x
NII (times)233.26x6.89x
Big NII (times)7.21x
Small NII (times)6.25x
RII (times)50.62x6.51x
Employee (times)
Other (times)
Total (times)83.75x6.83x