AMIC Forging IPO vs Shanti Spintex IPO

Comparison between AMIC Forging IPO and Shanti Spintex IPO.

IPO Details

AMIC Forging IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shanti Spintex IPO is a SME Bookbuilding proposed to list at BSE SME.

	AMIC Forging IPO	Shanti Spintex IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Ltd.	Hem Securities Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Gretex Share Broking Pvt.Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AMIC Forging IPO is up to ₹33.05 Cr whereas the issue size of the Shanti Spintex IPO is up to ₹29.68 Cr. The final issue price of AMIC Forging IPO is ₹126.00 per share and of Shanti Spintex IPO is ₹70.00 per share.

	AMIC Forging IPO	Shanti Spintex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹66.00 per share
Issue Price (Upper)	₹126.00 per share	₹70.00 per share
Issue Price (Final)	₹126.00 per share	₹70.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	26,23,000 shares	24,64,000 shares
Fresh Issue Size (Amount)	up to ₹33.05 Cr	up to ₹17.25 Cr
OFS Issue Size	0 shares	17,76,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹12.43 Cr
Issue Size Total	26,23,000 shares	42,40,000 shares
Issue Size Total (Amount)	up to ₹33.05 Cr	up to ₹29.68 Cr

IPO Timetable

AMIC Forging IPO opens on Nov 29, 2023, while Shanti Spintex IPO opens on Dec 19, 2023. The closing date of AMIC Forging IPO and Shanti Spintex IPO is Dec 01, 2023, and Dec 21, 2023, respectively.

	AMIC Forging IPO	Shanti Spintex IPO
Anchor Bid Date	Nov 28, 2023	Dec 18, 2023
Issue Open	Nov 29, 2023	Dec 19, 2023
Issue Close	Dec 01, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 04, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 05, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 05, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 06, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 03, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 03, 2024	Mar 21, 2024

Financials & KPIs

AMIC Forging IPO P/E ratio is 1.01, as compared to Shanti Spintex IPO P/E ratio of 9.82.

AMIC Forging IPO

Shanti Spintex IPO

Financials

AMIC Forging Limited Financial Information (Restated Consolidated)

AMIC Forging Limited's revenue increased by 63.65% and profit after tax (PAT) rose by 1031.78% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,367.84	6,107.99	3,163.87	1,622.07
Total Income	2,979.32	11,683.01	7,138.82	2,643.37
Profit After Tax	359.94	980.01	86.59	56.27
Net Worth	2,338.43	1,983.75	767.28	680.69
Reserves and Surplus	2,252.58	1,897.90	696.21	609.62
Total Borrowing	287.37	385.17	1,071.32	436.50
Amount in ₹ Lakhs

Shanti Spintex Limited Financial Information (Restated)

Shanti Spintex Limited's revenue increased by 45.23% and profit after tax (PAT) rose by 108.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	17,457.31	17,588.33	13,631.33	11,926.82
Total Income	16,237.63	37,071.27	25,526.51	11,293.73
Profit After Tax	523.75	1,012.81	486.59	337.53
Net Worth	6,122.31	5,603.93	4,622.73	4,136.14
Reserves and Surplus	4,702.31	4,893.93	3,912.73	3,426.14
Total Borrowing	3,474.45	4,177.66	4,868.64	4,278.83
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

78.38

87.49

Promoter Shareholding (Post-Issue)

57.74

73.57

P/E Ratio

1.01

9.82

Market Cap

₹132.15 Cr.

₹118.22 Cr.

ROE

71.25%

19.81%

ROCE

55.78%

10.12%

Debt/Equity

0.26

0.75

EPS

₹12.83

₹7.13

RoNW

49.40%

18.07%

Shares Offered

In the AMIC Forging IPO Retail Individual Investors (RII) are offered 9,19,000 shares while in Shanti Spintex IPO retail investors are offered 9,19,000 shares. Qualified Institutional Buyers (QIB) are offered 5,24,000 shares in AMIC Forging IPO and 8,48,000 shares in Shanti Spintex IPO.

	AMIC Forging IPO	Shanti Spintex IPO
Anchor Investor Reserveration	7,86,000 shares	12,72,000 shares
Market Maker Reserveration	1,39,000 shares	2,24,000 shares
QIB	5,24,000 shares	8,48,000 shares
NII	3,94,000 shares	6,36,000 shares
RII	9,19,000 shares	14,84,000 shares
Employee
Others
Total	26,23,000 shares	42,40,000 shares

Bids Received (Subscription)

AMIC Forging IPO subscribed 289.05x in total, whereas Shanti Spintex IPO subscribed 27.38x.

	AMIC Forging IPO	Shanti Spintex IPO
QIB (times)	91.43x	14.34x
NII (times)	589.27x	57.28x
Big NII (times)
Small NII (times)
RII (times)	273.01x	22.01x
Employee (times)
Other (times)
Total (times)	289.05x	27.38x

Compare with others

AMIC Forging IPO	Shanti Spintex IPO
S J Logistics IPO	Siyaram Recycling Industries IPO
Accent Microcell IPO	Presstonic Engineering IPO
Marinetrans IPO	S J Logistics IPO
Shanti Spintex IPO	Accent Microcell IPO
Graphisads IPO	Marinetrans IPO
Net Avenue Technologies IPO	Graphisads IPO
Deepak Chemtex IPO	AMIC Forging IPO
Swashthik Plascon IPO	Net Avenue Technologies IPO
Rockingdeals Circular IPO	Deepak Chemtex IPO
Arrowhead Seperation Engineering IPO	Swashthik Plascon IPO