Comparison between Refractory Shapes IPO and Sai Swami Metals IPO.
Refractory Shapes IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sai Swami Metals IPO is a SME Fixed Price proposed to list at BSE SME.
| Refractory Shapes IPO | Sai Swami Metals IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Shreni Shares Ltd. | Swastika Investmart Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | Sunflower Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Refractory Shapes IPO is up to ₹17.66 Cr whereas the issue size of the Sai Swami Metals IPO is up to ₹14.23 Cr. The final issue price of Refractory Shapes IPO is ₹31.00 per share and of Sai Swami Metals IPO is ₹60.00 per share.
| Refractory Shapes IPO | Sai Swami Metals IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹27.00 per share | |
| Issue Price (Upper) | ₹31.00 per share | |
| Issue Price (Final) | ₹31.00 per share | ₹60.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 4000 shares | 2000 shares |
| Fresh Issue Size | 56,96,000 shares | 23,72,000 shares |
| Fresh Issue Size (Amount) | up to ₹17.66 Cr | up to ₹14.23 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 | 56,96,000 shares | 23,72,000 shares |
| Issue Size Total (Amount) | up to ₹17.66 Cr | up to ₹14.23 Cr |
Refractory Shapes IPO opens on May 06, 2024, while Sai Swami Metals IPO opens on Apr 30, 2024. The closing date of Refractory Shapes IPO and Sai Swami Metals IPO is May 09, 2024, and May 03, 2024, respectively.
| Refractory Shapes IPO | Sai Swami Metals IPO | |
|---|---|---|
| Anchor Bid Date | May 03, 2024 | |
| Issue Open | May 06, 2024 | Apr 30, 2024 |
| Issue Close | May 09, 2024 | May 03, 2024 |
| Basis Of Allotment (Tentative) | May 10, 2024 | May 06, 2024 |
| Initiation of Refunds (Tentative) | May 13, 2024 | May 07, 2024 |
| Credit of Share (Tentative) | May 13, 2024 | May 07, 2024 |
| Listing date (Tentative) | May 14, 2024 | May 08, 2024 |
| Anchor Lockin End date 1 | Jun 09, 2024 | |
| Anchor Lockin End date 2 | Aug 08, 2024 |
Refractory Shapes IPO P/E ratio is 25.55, as compared to Sai Swami Metals IPO P/E ratio of 11.34.
| Refractory Shapes IPO | Sai Swami Metals IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Refractory Shapes Limited Financial Information (Restated)Refractory Shapes Limited's revenue increased by 47.7% and profit after tax (PAT) dropped by -33.2% between the financial year ending with March 31, 2023 and March 31, 2022.
| Sai Swami Metals & Alloys Limited Financial Information (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 99.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.48 | 62.15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 25.55 | 11.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹67.58 Cr. | ₹39.71 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 15.58% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 9.79% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.21 | ₹5.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.58% | 27.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Refractory Shapes IPO Retail Individual Investors (RII) are offered 19,96,000 shares while in Sai Swami Metals IPO retail investors are offered 19,96,000 shares. Qualified Institutional Buyers (QIB) are offered 11,44,000 shares in Refractory Shapes IPO and in Sai Swami Metals IPO.
| Refractory Shapes IPO | Sai Swami Metals IPO | |
|---|---|---|
| Anchor Investor Reserveration | 17,00,000 shares | |
| Market Maker Reserveration | 3,04,000 shares | 1,28,000 shares |
| QIB | 11,44,000 shares | |
| NII | 8,56,000 shares | 11,86,000 shares |
| RII | 19,96,000 shares | 11,86,000 shares |
| Employee | ||
| Others | ||
| Total | 56,96,000 shares | 23,72,000 shares |
Refractory Shapes IPO subscribed 255.08x in total, whereas Sai Swami Metals IPO subscribed 543.72x.
| Refractory Shapes IPO | Sai Swami Metals IPO | |
|---|---|---|
| QIB (times) | 90.59x | |
| NII (times) | 464.43x | 533.83x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 259.56x | 529.01x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 255.08x | 543.72x |
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