Comparison between Piotex Industries IPO and Rulka Electricals IPO.
IPO Details
Piotex Industries IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rulka Electricals IPO is a SME Bookbuilding proposed to list at NSE SME.
Issue Size and Price
The total issue size of Piotex Industries IPO is up to ₹13.74 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹25.07 Cr. The final issue price of Piotex Industries IPO is ₹94.00 per share and of Rulka Electricals IPO is ₹235.00 per share.
| | Piotex Industries IPO | Rulka Electricals IPO |
|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | | ₹223.00 per share |
| Issue Price (Upper) | | ₹235.00 per share |
| Issue Price (Final) | ₹94.00 per share | ₹235.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Market Lot Size | 1200 shares | 600 shares |
| Fresh Issue Size | 14,61,600 shares | 7,86,000 shares |
| Fresh Issue Size (Amount) | up to ₹13.74 Cr | up to ₹18.47 Cr |
| OFS Issue Size | 0 shares | 2,80,800 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹6.60 Cr |
| Issue Size Total | 14,61,600 shares | 10,66,800 shares |
| Issue Size Total (Amount) | up to ₹13.74 Cr | up to ₹25.07 Cr |
IPO Timetable
Piotex Industries IPO opens on May 10, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Piotex Industries IPO and Rulka Electricals IPO is May 14, 2024, and May 21, 2024, respectively.
| | Piotex Industries IPO | Rulka Electricals IPO |
|---|
| Anchor Bid Date | | May 15, 2024 |
| Issue Open | May 10, 2024 | May 16, 2024 |
| Issue Close | May 14, 2024 | May 21, 2024 |
| Basis Of Allotment (Tentative) | May 15, 2024 | May 22, 2024 |
| Initiation of Refunds (Tentative) | May 16, 2024 | May 23, 2024 |
| Credit of Share (Tentative) | May 16, 2024 | May 23, 2024 |
| Listing date (Tentative) | May 17, 2024 | May 24, 2024 |
| Anchor Lockin End date 1 | | Jun 21, 2024 |
| Anchor Lockin End date 2 | | Aug 20, 2024 |
Financials & KPIs
Piotex Industries IPO P/E ratio is 11.14, as compared to Rulka Electricals IPO P/E ratio of 28.62.
Shares Offered
In the Piotex Industries IPO Retail Individual Investors (RII) are offered 7,30,800 shares while in Rulka Electricals IPO retail investors are offered 7,30,800 shares. Qualified Institutional Buyers (QIB) are offered in Piotex Industries IPO and 2,13,600 shares in Rulka Electricals IPO.
| | Piotex Industries IPO | Rulka Electricals IPO |
|---|
| Anchor Investor Reservation | | 3,19,200 shares |
| Market Maker Reservation | 78,000 shares | 56,400 shares |
| QIB | | 2,13,600 shares |
| NII | 7,30,800 shares | 1,60,200 shares |
| RII | 7,30,800 shares | 3,73,800 shares |
| Employee | | 0 shares |
| Total | 14,61,600 shares | 10,66,800 shares |
Bids Received (Subscription)
Piotex Industries IPO subscribed 104.27x in total, whereas Rulka Electricals IPO subscribed 474.31x.
