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Rudra Gas Enterprise IPO vs Thaai Casting IPO

Comparison between Rudra Gas Enterprise IPO and Thaai Casting IPO.

IPO Details

Rudra Gas Enterprise IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Thaai Casting IPO is a SME Bookbuilding proposed to list at NSE SME.

 Rudra Gas Enterprise IPOThaai Casting IPO
LogoRudra Gas Enterprise IPO LogoThaai Casting IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
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 Rudra Gas Enterprise IPO is up to ₹13.43 Cr whereas the issue size of the Thaai Casting IPO is up to ₹44.52 Cr. The final issue price of Rudra Gas Enterprise IPO is ₹63.00 per share and of Thaai Casting IPO is ₹77.00 per share.

 Rudra Gas Enterprise IPOThaai Casting IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹73.00 per share
Issue Price (Upper)₹77.00 per share
Issue Price (Final)₹63.00 per share₹77.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size21,32,000 shares57,82,400 shares
Fresh Issue Size (Amount)up to ₹13.43 Crup to ₹44.52 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,32,000 shares57,82,400 shares
Issue Size Total (Amount)up to ₹13.43 Crup to ₹44.52 Cr

IPO Timetable

Rudra Gas Enterprise IPO opens on Feb 08, 2024, while Thaai Casting IPO opens on Feb 15, 2024. The closing date of Rudra Gas Enterprise IPO and Thaai Casting IPO is Feb 12, 2024, and Feb 20, 2024, respectively.

 Rudra Gas Enterprise IPOThaai Casting IPO
Anchor Bid DateFeb 14, 2024
Issue OpenFeb 08, 2024Feb 15, 2024
Issue CloseFeb 12, 2024Feb 20, 2024
Basis Of Allotment (Tentative)Feb 13, 2024Feb 21, 2024
Initiation of Refunds (Tentative)Feb 14, 2024Feb 21, 2024
Credit of Share (Tentative)Feb 14, 2024Feb 22, 2024
Listing date (Tentative)Feb 15, 2024Feb 23, 2024
Anchor Lockin End date 1Mar 21, 2024
Anchor Lockin End date 2May 20, 2024

Financials & KPIs

Rudra Gas Enterprise IPO P/E ratio is 10.9, as compared to Thaai Casting IPO P/E ratio of 25.99.

 Rudra Gas Enterprise IPOThaai Casting IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets43.4533.8128.0519.61
Total Income34.4749.5743.9628.17
Profit After Tax2.473.521.791.27
NET Worth11.497.994.462.67
Reserves and Surplus5.407.744.212.42
Total Borrowing19.9017.3813.8010.08
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets146.3854.9937.5223.79
Total Income48.4949.1238.4220.49
Profit After Tax8.615.041.150.40
NET Worth41.1716.178.954.73
Reserves and Surplus6.21
Total Borrowing78.3029.8523.5113.14
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9986.50
Promoter Shareholding (Post-Issue)73.03
P/E Ratio10.925.99
Market Cap₹52.53 Cr.₹178.10 Cr.
ROE57%
ROCE25%13%
Debt/Equity2.181.85
EPS₹5.78₹2.96
RoNW44.09%40.10%

Shares Offered

In the Rudra Gas Enterprise IPO Retail Individual Investors (RII) are offered 10,66,000 shares while in Thaai Casting IPO retail investors are offered 10,66,000 shares. Qualified Institutional Buyers (QIB) are offered in Rudra Gas Enterprise IPO and 11,55,200 shares in Thaai Casting IPO.

 Rudra Gas Enterprise IPOThaai Casting IPO
Anchor Investor Reservation17,34,400 shares
Market Maker Reservation1,16,000 shares3,47,200 shares
QIB11,55,200 shares
NII10,66,000 shares8,68,800 shares
RII10,66,000 shares20,24,000 shares
Employee
Others
Total21,32,000 shares57,82,400 shares

Bids Received (Subscription)

Rudra Gas Enterprise IPO subscribed 350.75x in total, whereas Thaai Casting IPO subscribed 375.43x.

 Rudra Gas Enterprise IPOThaai Casting IPO
QIB (times)144.43x
NII (times)286.62x729.72x
Big NII (times)
Small NII (times)
RII (times)404.38x355.66x
Employee (times)
Other (times)
Total (times)350.75x375.43x

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Rudra Gas Enterprise IPO Vs Thaai Casting IPO