Graphisads IPO vs Shanti Spintex IPO

Comparison between Graphisads IPO and Shanti Spintex IPO.

IPO Details

Graphisads IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Shanti Spintex IPO is a SME Bookbuilding proposed to list at BSE SME.

	Graphisads IPO	Shanti Spintex IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	First Overseas Capital Ltd.	Hem Securities Ltd.
Registrar	Kfin Technologies Ltd.	Kfin Technologies Ltd.
Market Maker	Rikhav Securities Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Graphisads IPO is up to ₹50.72 Cr whereas the issue size of the Shanti Spintex IPO is up to ₹29.68 Cr. The final issue price of Graphisads IPO is ₹111.00 per share and of Shanti Spintex IPO is ₹70.00 per share.

	Graphisads IPO	Shanti Spintex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹66.00 per share
Issue Price (Upper)		₹70.00 per share
Issue Price (Final)	₹111.00 per share	₹70.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	45,69,600 shares	24,64,000 shares
Fresh Issue Size (Amount)	up to ₹50.72 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	45,69,600 shares	42,40,000 shares
Issue Size Total (Amount)	up to ₹50.72 Cr	up to ₹29.68 Cr

IPO Timetable

Graphisads IPO opens on Nov 30, 2023, while Shanti Spintex IPO opens on Dec 19, 2023. The closing date of Graphisads IPO and Shanti Spintex IPO is Dec 05, 2023, and Dec 21, 2023, respectively.

	Graphisads IPO	Shanti Spintex IPO
Anchor Bid Date		Dec 18, 2023
Issue Open	Nov 30, 2023	Dec 19, 2023
Issue Close	Dec 05, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 08, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 11, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 12, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 13, 2023	Dec 27, 2023
Anchor Lockin End date 1		Jan 21, 2024
Anchor Lockin End date 2		Mar 21, 2024

Financials & KPIs

Graphisads IPO P/E ratio is 26.88, as compared to Shanti Spintex IPO P/E ratio of 9.82.

Graphisads IPO

Shanti Spintex IPO

Financials

Graphisads Limited Financial Information (Restated Consolidated)

Graphisads Limited's revenue increased by 10.39% and profit after tax (PAT) dropped by -0.28% 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	11,626.82	11,037.07	10,126.28	9,408.04
Total Income	2,602.48	9,904.81	8,972.49	4,755.63
Profit After Tax	206.45	556.62	558.19	55.84
Net Worth	4,492.76	4,286.31	3,914.20	3,360.95
Reserves and Surplus	3,146.31	2,939.86	3,721.85	3,168.60
Total Borrowing
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)

99.99

87.49

Promoter Shareholding (Post-Issue)

73.66

73.57

P/E Ratio

26.88

9.82

Market Cap

₹202.87 Cr.

₹118.22 Cr.

ROE

12.99%

19.81%

ROCE

14.69 %

10.12%

Debt/Equity

0.75

EPS

₹4.13

₹7.13

RoNW

12.99%

18.07%

Shares Offered

In the Graphisads IPO Retail Individual Investors (RII) are offered 22,84,800 shares while in Shanti Spintex IPO retail investors are offered 22,84,800 shares. Qualified Institutional Buyers (QIB) are offered in Graphisads IPO and 8,48,000 shares in Shanti Spintex IPO.

	Graphisads IPO	Shanti Spintex IPO
Anchor Investor Reserveration		12,72,000 shares
Market Maker Reserveration	2,42,400 shares	2,24,000 shares
QIB		8,48,000 shares
NII	22,84,800 shares	6,36,000 shares
RII	22,84,800 shares	14,84,000 shares
Employee
Others
Total	45,69,600 shares	42,40,000 shares

Bids Received (Subscription)

Graphisads IPO subscribed 3.86x in total, whereas Shanti Spintex IPO subscribed 27.38x.

	Graphisads IPO	Shanti Spintex IPO
QIB (times)		14.34x
NII (times)	2.01x	57.28x
Big NII (times)
Small NII (times)
RII (times)	5.52x	22.01x
Employee (times)
Other (times)
Total (times)	3.86x	27.38x

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