Share Samadhan IPO vs SPP Polymer IPO

Comparison between Share Samadhan IPO and SPP Polymer IPO.

IPO Details

Share Samadhan IPO is a SME Fixed Price IPO proposed to list at BSE SME while SPP Polymer IPO is a SME Fixed Price proposed to list at NSE SME.

	Share Samadhan IPO	SPP Polymer IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	BSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd.	Interactive Financial Services Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	B.N.Rathi Securities 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 Share Samadhan IPO is up to ₹22.85 Cr whereas the issue size of the SPP Polymer IPO is up to ₹23.25 Cr. The final issue price of Share Samadhan IPO is ₹74.00 per share and of SPP Polymer IPO is ₹59.00 per share.

	Share Samadhan IPO	SPP Polymer IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹70.00 per share
Issue Price (Upper)	₹74.00 per share
Issue Price (Final)	₹74.00 per share	₹59.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	30,88,000 shares	39,40,000 shares
Fresh Issue Size (Amount)	up to ₹22.85 Cr	up to ₹23.25 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	30,88,000 shares	39,40,000 shares
Issue Size Total (Amount)	up to ₹22.85 Cr	up to ₹23.25 Cr

IPO Timetable

Share Samadhan IPO opens on Sep 09, 2024, while SPP Polymer IPO opens on Sep 10, 2024. The closing date of Share Samadhan IPO and SPP Polymer IPO is Sep 11, 2024, and Sep 12, 2024, respectively.

	Share Samadhan IPO	SPP Polymer IPO
Anchor Bid Date	Sep 06, 2024
Issue Open	Sep 09, 2024	Sep 10, 2024
Issue Close	Sep 11, 2024	Sep 12, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 13, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 16, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 16, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 17, 2024
Anchor Lockin End date 1	Oct 12, 2024
Anchor Lockin End date 2	Dec 11, 2024

Financials & KPIs

Share Samadhan IPO P/E ratio is 17.07, as compared to SPP Polymer IPO P/E ratio of 66.72.

Share Samadhan IPO

SPP Polymer IPO

Financials

Share Samadhan Limited Financial Information (Restated Consolidated)

Share Samadhan Limited's revenue increased by 261% and profit after tax (PAT) rose by 716% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,422.31	478.88	425.54
Total Income	996.13	276.14	242.14
Profit After Tax	391.01	47.92	60.7
Net Worth	1,128.79	359.27	313.84
Reserves and Surplus	226.9	248.15	202.73
Total Borrowing	87.09	61.85	60.38
Amount in ₹ Lakhs

SPP Polimers Limited Financial Information (Restated Consolidated)

SPP Polimers Limited's revenue increased by 40% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,619.39	7,091.89	5,417.98	3,821.87
Total Income	2,895.85	9,381.29	6,677.47	8,077.96
Profit After Tax	91.33	99.4	54.42	28.01
Net Worth	2,591.64	2,500.3	2,433.64	1,971.82
Reserves and Surplus	1,500.27	1,408.93	2,152.61	1,697.22
Total Borrowing	1,871.94	1,897.82	2,215.18	1,262.21
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

85.05

94.99

Promoter Shareholding (Post-Issue)

62.52

69.37

P/E Ratio

17.07

66.72

Market Cap

₹90.80 Cr.

₹90.81 Cr.

ROE

34.64%

8.01%

ROCE

47.99%

4.27%

Debt/Equity

0.71

EPS

₹4.34

₹0.88

RoNW

34.64%

3.98%

Shares Offered

In the Share Samadhan IPO Retail Individual Investors (RII) are offered 10,81,600 shares while in SPP Polymer IPO retail investors are offered 10,81,600 shares. Qualified Institutional Buyers (QIB) are offered 6,19,200 shares in Share Samadhan IPO and in SPP Polymer IPO.

	Share Samadhan IPO	SPP Polymer IPO
Anchor Investor Reserveration	9,23,200 shares
Market Maker Reserveration	1,63,200 shares	2,10,000 shares
QIB	6,19,200 shares
NII	4,64,000 shares	19,70,000 shares
RII	10,81,600 shares	19,70,000 shares
Employee
Others
Total	30,88,000 shares	39,40,000 shares

Bids Received (Subscription)

Share Samadhan IPO subscribed 14.59x in total, whereas SPP Polymer IPO subscribed 43.29x.

	Share Samadhan IPO	SPP Polymer IPO
QIB (times)	2.66x
NII (times)	22.44x	22.35x
Big NII (times)
Small NII (times)
RII (times)	18.04x	59.87x
Employee (times)
Other (times)
Total (times)	14.59x	43.29x

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SPP Polymer IPO	Innomet Advanced Materials IPO
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