Rajgor Castor Derivatives IPO vs Sharp Chucks IPO

Comparison between Rajgor Castor Derivatives IPO and Sharp Chucks IPO.

IPO Details

Rajgor Castor Derivatives IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sharp Chucks IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Rajgor Castor Derivatives IPO is up to ₹45.30 Cr whereas the issue size of the Sharp Chucks IPO is up to ₹15.98 Cr. The final issue price of Rajgor Castor Derivatives IPO is ₹50.00 per share and of Sharp Chucks IPO is ₹58.00 per share.

 Rajgor Castor Derivatives IPOSharp Chucks IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹47.00 per share
Issue Price (Upper)₹50.00 per share
Issue Price (Final)₹50.00 per share₹58.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size83,94,000 shares8,27,484 shares
Fresh Issue Size (Amount)up to ₹41.97 Crup to ₹4.80 Cr
OFS Issue Size6,66,000 shares19,28,516 shares
OFS Issue Size (Amount)up to ₹3.33 Crup to ₹11.19 Cr
Issue Size Total90,60,000 shares27,56,000 shares
Issue Size Total (Amount)up to ₹45.30 Crup to ₹15.98 Cr

IPO Timetable

Rajgor Castor Derivatives IPO opens on Oct 17, 2023, while Sharp Chucks IPO opens on Sep 29, 2023. The closing date of Rajgor Castor Derivatives IPO and Sharp Chucks IPO is Oct 20, 2023, and Oct 05, 2023, respectively.

 Rajgor Castor Derivatives IPOSharp Chucks IPO
Anchor Bid DateOct 16, 2023
Issue OpenOct 17, 2023Sep 29, 2023
Issue CloseOct 20, 2023Oct 05, 2023
Basis Of Allotment (Tentative)Oct 26, 2023Oct 09, 2023
Initiation of Refunds (Tentative)Oct 27, 2023Oct 10, 2023
Credit of Share (Tentative)Oct 30, 2023Oct 11, 2023
Listing date (Tentative)Oct 31, 2023Oct 12, 2023
Anchor Lockin End date 1Nov 25, 2023
Anchor Lockin End date 2Jan 24, 2024

Financials & KPIs

Rajgor Castor Derivatives IPO P/E ratio is 1.66, as compared to Sharp Chucks IPO P/E ratio of 11.2.

 Rajgor Castor Derivatives IPOSharp Chucks IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets98.4877.8337.5325.7826.45
Total Income112.76428.8740.9111.0114.97
Profit After Tax1.935.540.52-1.80-0.97
NET Worth25.5823.662.021.50
Reserves and Surplus23.4421.511.901.383.18
Total Borrowing51.7944.5118.1022.86
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets180.04183.92133.98
Total Income179.31152.52135.83
Profit After Tax5.074.533.31
NET Worth52.3547.2842.76
Reserves and Surplus42.5637.5032.97
Total Borrowing90.34102.6963.05
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10080.28
Promoter Shareholding (Post-Issue)73.00
P/E Ratio1.6611.2
Market Cap₹119.58 Cr.₹62.41 Cr.
ROE43.19%10.17%
ROCE22.97%11.00%
Debt/Equity1.881.73
EPS₹30.06₹5.18
RoNW23.44%9.68%

Shares Offered

In the Rajgor Castor Derivatives IPO Retail Individual Investors (RII) are offered 31,74,000 shares while in Sharp Chucks IPO retail investors are offered 31,74,000 shares. Qualified Institutional Buyers (QIB) are offered 18,12,000 shares in Rajgor Castor Derivatives IPO and in Sharp Chucks IPO.

 Rajgor Castor Derivatives IPOSharp Chucks IPO
Anchor Investor Reservation27,12,000 shares
Market Maker Reservation5,01,000 shares1,48,000 shares
QIB18,12,000 shares
NII13,62,000 shares13,78,000 shares
RII31,74,000 shares13,78,000 shares
Employee
Others
Total90,60,000 shares27,56,000 shares

Bids Received (Subscription)

Rajgor Castor Derivatives IPO subscribed 107.43x in total, whereas Sharp Chucks IPO subscribed 54.20x.

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