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.

	Rajgor Castor Derivatives IPO	Sharp Chucks IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Fedex Securities Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Nikunj Stock Brokers 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 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 IPO	Sharp 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 Size	3000 shares	2000 shares
Fresh Issue Size	83,94,000 shares	8,27,484 shares
Fresh Issue Size (Amount)	up to ₹41.97 Cr	up to ₹4.80 Cr
OFS Issue Size	6,66,000 shares	19,28,516 shares
OFS Issue Size (Amount)	up to ₹3.33 Cr	up to ₹11.19 Cr
Issue Size Total	90,60,000 shares	27,56,000 shares
Issue Size Total (Amount)	up to ₹45.30 Cr	up 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 IPO	Sharp Chucks IPO
Anchor Bid Date	Oct 16, 2023
Issue Open	Oct 17, 2023	Sep 29, 2023
Issue Close	Oct 20, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 26, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 27, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 30, 2023	Oct 11, 2023
Listing date (Tentative)	Oct 31, 2023	Oct 12, 2023
Anchor Lockin End date 1	Nov 25, 2023
Anchor Lockin End date 2	Jan 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 IPO

Sharp Chucks IPO

Financials

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% 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	31 Mar 2020
Assets	9,847.95	7,782.64	3,753.42	2,578.48	2,645.34
Total Income	11,276.10	42,887.35	4,091.30	1,100.69	1,497.33
Profit After Tax	192.57	554.47	52.19	-180.18	-97.02
Net Worth	2,558.24	2,365.55	201.90	149.71
Reserves and Surplus	2,343.54	2,150.97	190.12	137.93	318.12
Total Borrowing	5,178.96	4,450.93	1,809.51	2,286.28
Amount in ₹ Lakhs

Sharp Chucks And Machines IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	13,397.98	18,392.09	18,003.58
Total Income	13,583.11	15,252.23	17,931.45
Profit After Tax	330.96	452.62	506.50
Net Worth	4,275.67	4,728.29	5,234.79
Reserves and Surplus	3,297.24	3,749.86	4,256.36
Total Borrowing	6,305.37	10,269.35	9,034.20

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

80.28

Promoter Shareholding (Post-Issue)

73.00

P/E Ratio

1.66

11.2

Market Cap

₹119.58 Cr.

₹62.41 Cr.

ROE

43.19%

10.17%

ROCE

22.97%

11.00%

Debt/Equity

1.88

1.73

EPS

₹30.06

₹5.18

RoNW

23.44%

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 IPO	Sharp Chucks IPO
Anchor Investor Reserveration	27,12,000 shares
Market Maker Reserveration	5,01,000 shares	1,48,000 shares
QIB	18,12,000 shares
NII	13,62,000 shares	13,78,000 shares
RII	31,74,000 shares	13,78,000 shares
Employee
Others
Total	90,60,000 shares	27,56,000 shares

Bids Received (Subscription)

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

	Rajgor Castor Derivatives IPO	Sharp Chucks IPO
QIB (times)	35.52x
NII (times)	260.01x	38.76x
Big NII (times)
Small NII (times)
RII (times)	80.70x	63.69x
Employee (times)
Other (times)
Total (times)	107.43x	54.20x

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