Comparison between Shanti Spintex IPO and Swashthik Plascon IPO.
Shanti Spintex IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Swashthik Plascon IPO is a SME Bookbuilding proposed to list at BSE SME.
| Shanti Spintex IPO | Swashthik Plascon IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Shreni Shares Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Shanti Spintex IPO is up to ₹29.68 Cr whereas the issue size of the Swashthik Plascon IPO is up to ₹38.71 Cr. The final issue price of Shanti Spintex IPO is ₹70.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.
| Shanti Spintex IPO | Swashthik Plascon IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹66.00 per share | ₹80.00 per share |
| Issue Price (Upper) | ₹70.00 per share | ₹86.00 per share |
| Issue Price (Final) | ₹70.00 per share | ₹86.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 24,64,000 shares | 45,00,800 shares |
| Fresh Issue Size (Amount) | up to ₹17.25 Cr | up to ₹38.71 Cr |
| OFS Issue Size | 17,76,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹12.43 Cr | up to ₹0.00 Cr |
| Issue Size Total | 42,40,000 shares | 45,00,800 shares |
| Issue Size Total (Amount) | up to ₹29.68 Cr | up to ₹38.71 Cr |
Shanti Spintex IPO opens on Dec 19, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Shanti Spintex IPO and Swashthik Plascon IPO is Dec 21, 2023, and Nov 29, 2023, respectively.
| Shanti Spintex IPO | Swashthik Plascon IPO | |
|---|---|---|
| Anchor Bid Date | Dec 18, 2023 | Nov 23, 2023 |
| Issue Open | Dec 19, 2023 | Nov 24, 2023 |
| Issue Close | Dec 21, 2023 | Nov 29, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 04, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 05, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 05, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 05, 2023 |
| Anchor Lockin End date 1 | Jan 21, 2024 | Jan 03, 2024 |
| Anchor Lockin End date 2 | Mar 21, 2024 | Mar 03, 2024 |
Shanti Spintex IPO P/E ratio is 9.82, as compared to Swashthik Plascon IPO P/E ratio of 17.23.
| Shanti Spintex IPO | Swashthik Plascon IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| Swashthik Plascon Limited Financial Information (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 87.49 | 60.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.57 | 43.81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.82 | 17.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹118.22 Cr. | ₹151.05 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.81% | 22.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 10.12% | 17.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.75 | 2.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.13 | ₹4.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.07% | 14.95% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Shanti Spintex IPO Retail Individual Investors (RII) are offered 14,84,000 shares while in Swashthik Plascon IPO retail investors are offered 14,84,000 shares. Qualified Institutional Buyers (QIB) are offered 8,48,000 shares in Shanti Spintex IPO and 9,00,800 shares in Swashthik Plascon IPO.
| Shanti Spintex IPO | Swashthik Plascon IPO | |
|---|---|---|
| Anchor Investor Reserveration | 12,72,000 shares | 13,48,800 shares |
| Market Maker Reserveration | 2,24,000 shares | 2,38,400 shares |
| QIB | 8,48,000 shares | 9,00,800 shares |
| NII | 6,36,000 shares | 6,75,200 shares |
| RII | 14,84,000 shares | 15,76,000 shares |
| Employee | ||
| Others | ||
| Total | 42,40,000 shares | 45,00,800 shares |
Shanti Spintex IPO subscribed 27.38x in total, whereas Swashthik Plascon IPO subscribed 15.43x.
| Shanti Spintex IPO | Swashthik Plascon IPO | |
|---|---|---|
| QIB (times) | 14.34x | 3.42x |
| NII (times) | 57.28x | 35.76x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 22.01x | 13.58x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 27.38x | 15.43x |
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