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Indian Phosphate IPO vs Resourceful Automobile IPO

Comparison between Indian Phosphate IPO and Resourceful Automobile IPO.

IPO Details

Indian Phosphate IPO is a SME Fixed Price IPO proposed to list at NSE SME while Resourceful Automobile IPO is a SME Fixed Price proposed to list at BSE SME.

 Indian Phosphate IPOResourceful Automobile IPO
LogoIndian Phosphate IPO LogoResourceful Automobile IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Swastika Investmart Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerSpread X Securities Pvt.Ltd.Nikunj Stock Brokers 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 Indian Phosphate IPO is up to ₹63.66 Cr whereas the issue size of the Resourceful Automobile IPO is up to ₹11.39 Cr. The final issue price of Indian Phosphate IPO is ₹99.00 per share and of Resourceful Automobile IPO is ₹117.00 per share.

 Indian Phosphate IPOResourceful Automobile IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹94.00 per share
Issue Price (Upper)₹99.00 per share
Issue Price (Final)₹99.00 per share₹117.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1200 shares
Fresh Issue Size64,30,800 shares9,73,200 shares
Fresh Issue Size (Amount)up to ₹63.66 Crup to ₹11.39 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total64,30,800 shares9,73,200 shares
Issue Size Total (Amount)up to ₹63.66 Crup to ₹11.39 Cr

IPO Timetable

Indian Phosphate IPO opens on Aug 26, 2024, while Resourceful Automobile IPO opens on Aug 22, 2024. The closing date of Indian Phosphate IPO and Resourceful Automobile IPO is Aug 29, 2024, and Aug 26, 2024, respectively.

 Indian Phosphate IPOResourceful Automobile IPO
Anchor Bid DateAug 23, 2024
Issue OpenAug 26, 2024Aug 22, 2024
Issue CloseAug 29, 2024Aug 26, 2024
Basis Of Allotment (Tentative)Aug 30, 2024Aug 27, 2024
Initiation of Refunds (Tentative)Sep 02, 2024Aug 28, 2024
Credit of Share (Tentative)Sep 02, 2024Aug 28, 2024
Listing date (Tentative)Sep 03, 2024Aug 29, 2024
Anchor Lockin End date 1Sep 29, 2024
Anchor Lockin End date 2Nov 28, 2024

Financials & KPIs

Indian Phosphate IPO P/E ratio is 14.88, as compared to Resourceful Automobile IPO P/E ratio of 45.99.

 Indian Phosphate IPOResourceful Automobile IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets255.19174.07107.9063.14
Total Income717.58770.93558.39415.02
Profit After Tax12.1016.6016.175.09
NET Worth80.9967.5250.9234.76
Reserves and Surplus62.8164.8048.2132.04
Total Borrowing40.2315.3518.314.34
Amount in ₹ Crore

Company Financials (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets14.5110.0010.094.29
Total Income17.2419.3812.5011.27
Profit After Tax1.520.420.290.00
NET Worth3.161.640.750.46
Reserves and Surplus1.530.660.25-0.04
Total Borrowing9.927.486.742.70
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)72.77%61.41%
P/E Ratio14.8845.99
Market Cap₹247.40 Cr.₹31.07 Cr.
ROE18.140.48
ROCE20.9331.22
Debt/Equity0.50
EPS₹6.65₹2.54
RoNW16.630.48

Shares Offered

In the Indian Phosphate IPO Retail Individual Investors (RII) are offered 22,51,200 shares while in Resourceful Automobile IPO retail investors are offered 22,51,200 shares. Qualified Institutional Buyers (QIB) are offered 12,86,400 shares in Indian Phosphate IPO and in Resourceful Automobile IPO.

 Indian Phosphate IPOResourceful Automobile IPO
Anchor Investor Reservation19,28,400 shares
Market Maker Reservation3,73,200 shares51,600 shares
QIB12,86,400 shares
NII9,64,800 shares4,75,200 shares
RII22,51,200 shares4,98,000 shares
Total64,30,800 shares9,73,200 shares

Bids Received (Subscription)

Indian Phosphate IPO subscribed 187.56x in total, whereas Resourceful Automobile IPO subscribed 405.92x.

 Indian Phosphate IPOResourceful Automobile IPO
QIB (times)181.58x
NII (times)441.01x323.18x
RII (times)243.02x484.87x
Total (times)187.56x405.92x

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Indian Phosphate IPO Vs Resourceful Automobile IPO