Comparison between Resourceful Automobile IPO and Solve Plastic Products IPO.
Resourceful Automobile IPO is a SME Fixed Price IPO proposed to list at BSE SME while Solve Plastic Products IPO is a SME Fixed Price proposed to list at NSE SME.
| Resourceful Automobile IPO | Solve Plastic Products IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Swastika Investmart Ltd. | Finshore Management Services Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Black Fox Financial Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Resourceful Automobile IPO is up to ₹11.39 Cr whereas the issue size of the Solve Plastic Products IPO is up to ₹11.25 Cr. The final issue price of Resourceful Automobile IPO is ₹117.00 per share and of Solve Plastic Products IPO is ₹91.00 per share.
| Resourceful Automobile IPO | Solve Plastic Products IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹117.00 per share | ₹91.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 9,73,200 shares | 12,36,000 shares |
| Fresh Issue Size (Amount) | up to ₹11.39 Cr | up to ₹11.25 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 | 9,73,200 shares | 12,36,000 shares |
| Issue Size Total (Amount) | up to ₹11.39 Cr | up to ₹11.25 Cr |
Resourceful Automobile IPO opens on Aug 22, 2024, while Solve Plastic Products IPO opens on Aug 13, 2024. The closing date of Resourceful Automobile IPO and Solve Plastic Products IPO is Aug 26, 2024, and Aug 16, 2024, respectively.
| Resourceful Automobile IPO | Solve Plastic Products IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Aug 22, 2024 | Aug 13, 2024 |
| Issue Close | Aug 26, 2024 | Aug 16, 2024 |
| Basis Of Allotment (Tentative) | Aug 27, 2024 | Aug 19, 2024 |
| Initiation of Refunds (Tentative) | Aug 28, 2024 | Aug 20, 2024 |
| Credit of Share (Tentative) | Aug 28, 2024 | Aug 20, 2024 |
| Listing date (Tentative) | Aug 29, 2024 | Aug 21, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Resourceful Automobile IPO P/E ratio is 45.99, as compared to Solve Plastic Products IPO P/E ratio of 23.2.
| Resourceful Automobile IPO | Solve Plastic Products IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Resourceful Automobile Limited Financial Information (Restated)
| Solve Plastic Products Limited Financial Information (Restated)Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 90.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 61.41 | 63.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 45.99 | 23.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹31.07 Cr. | ₹39.75 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 0.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 31.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.54 | ₹3.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 0.48 | 32.47% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Resourceful Automobile IPO Retail Individual Investors (RII) are offered 4,98,000 shares while in Solve Plastic Products IPO retail investors are offered 4,98,000 shares. Qualified Institutional Buyers (QIB) are offered in Resourceful Automobile IPO and in Solve Plastic Products IPO.
| Resourceful Automobile IPO | Solve Plastic Products IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 51,600 shares | 66,000 shares |
| QIB | ||
| NII | 4,75,200 shares | 6,18,000 shares |
| RII | 4,98,000 shares | 6,18,000 shares |
| Employee | ||
| Others | ||
| Total | 9,73,200 shares | 12,36,000 shares |
Resourceful Automobile IPO subscribed 418.82x in total, whereas Solve Plastic Products IPO subscribed 34.23x.
| Resourceful Automobile IPO | Solve Plastic Products IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 315.61x | 19.47x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 496.22x | 46.76x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 418.82x | 34.23x |
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