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Resourceful Automobile IPO vs Solve Plastic Products IPO

Comparison between Resourceful Automobile IPO and Solve Plastic Products IPO.

IPO Details

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 IPOSolve Plastic Products IPO
LogoResourceful Automobile IPO LogoSolve Plastic Products IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Finshore Management Services Ltd.
RegistrarCameo Corporate Services Ltd.Integrated Registry Management Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Black Fox Financial Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

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 IPOSolve Plastic Products IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹117.00 per share₹91.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1200 shares
Fresh Issue Size9,73,200 shares12,36,000 shares
Fresh Issue Size (Amount)up to ₹11.39 Crup to ₹11.25 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total9,73,200 shares12,36,000 shares
Issue Size Total (Amount)up to ₹11.39 Crup to ₹11.25 Cr

IPO Timetable

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 IPOSolve Plastic Products IPO
Issue OpenAug 22, 2024Aug 13, 2024
Issue CloseAug 26, 2024Aug 16, 2024
Basis Of Allotment (Tentative)Aug 27, 2024Aug 19, 2024
Initiation of Refunds (Tentative)Aug 28, 2024Aug 20, 2024
Credit of Share (Tentative)Aug 28, 2024Aug 20, 2024
Listing date (Tentative)Aug 29, 2024Aug 21, 2024

Financials & KPIs

Resourceful Automobile IPO P/E ratio is 45.99, as compared to Solve Plastic Products IPO P/E ratio of 23.2.

 Resourceful Automobile IPOSolve Plastic Products IPO
Financials

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

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets22.1218.7418.23
Total Income47.1662.2555.78
Profit After Tax1.421.20-0.41
NET Worth4.391.930.72
Reserves and Surplus1.32-1.11-2.31
Total Borrowing11.3610.5310.30
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%90.22%
Promoter Shareholding (Post-Issue)61.41%63.33%
P/E Ratio45.9923.2
Market Cap₹31.07 Cr.₹39.75 Cr.
ROE0.48
ROCE31.22
Debt/Equity2.83
EPS₹2.54₹3.92
RoNW0.4832.47

Shares Offered

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 IPOSolve Plastic Products IPO
Market Maker Reservation51,600 shares66,000 shares
NII4,75,200 shares6,18,000 shares
RII4,98,000 shares6,18,000 shares
Total9,73,200 shares12,36,000 shares

Bids Received (Subscription)

Resourceful Automobile IPO subscribed 405.92x in total, whereas Solve Plastic Products IPO subscribed 33.12x.

 Resourceful Automobile IPOSolve Plastic Products IPO
NII (times)323.18x19.47x
RII (times)484.87x46.76x
Total (times)405.92x33.12x

Compare with others

Resourceful Automobile IPOSolve Plastic Products IPO
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Compare:

Resourceful Automobile IPO Vs Solve Plastic Products IPO