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Silkflex Polymers IPO vs Winsol Engineers IPO

Comparison between Silkflex Polymers IPO and Winsol Engineers IPO.

IPO Details

Silkflex Polymers IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Winsol Engineers IPO is a SME Bookbuilding proposed to list at NSE SME.

 Silkflex Polymers IPOWinsol Engineers IPO
LogoSilkflex Polymers IPO LogoWinsol Engineers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersShreni Shares Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerShreni Shares Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Silkflex Polymers IPO is up to ₹17.18 Cr whereas the issue size of the Winsol Engineers IPO is up to ₹22.18 Cr. The final issue price of Silkflex Polymers IPO is ₹52.00 per share and of Winsol Engineers IPO is ₹75.00 per share.

 Silkflex Polymers IPOWinsol Engineers IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹52.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size33,04,000 shares29,56,800 shares
Fresh Issue Size (Amount)up to ₹17.18 Crup to ₹22.18 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total33,04,000 shares29,56,800 shares
Issue Size Total (Amount)up to ₹17.18 Crup to ₹22.18 Cr

IPO Timetable

Silkflex Polymers IPO opens on May 07, 2024, while Winsol Engineers IPO opens on May 06, 2024. The closing date of Silkflex Polymers IPO and Winsol Engineers IPO is May 10, 2024, and May 09, 2024, respectively.

 Silkflex Polymers IPOWinsol Engineers IPO
Anchor Bid DateMay 03, 2024
Issue OpenMay 07, 2024May 06, 2024
Issue CloseMay 10, 2024May 09, 2024
Basis Of Allotment (Tentative)May 13, 2024May 10, 2024
Initiation of Refunds (Tentative)May 14, 2024May 13, 2024
Credit of Share (Tentative)May 14, 2024May 13, 2024
Listing date (Tentative)May 15, 2024May 14, 2024
Anchor Lockin End date 1Jun 09, 2024
Anchor Lockin End date 2Aug 08, 2024

Financials & KPIs

Silkflex Polymers IPO P/E ratio is 53.76, as compared to Winsol Engineers IPO P/E ratio of 12.19.

 Silkflex Polymers IPOWinsol Engineers IPO
Financials

Silkflex Polymers (India) Limited Financial Information (Restated)

Silkflex Polymers (India) Limited's revenue increased by 22.74% and profit after tax (PAT) rose by 14.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,446.352,374.731,968.811,314.06
Total Income3,381.553,442.252,804.522,096.07
Profit After Tax256.6678.5968.5945.35
Net Worth1,073.28816.62738.03513.51
Reserves and Surplus260.78566.62488.03308.06
Total Borrowing1,716.181,208.31994.50612.81
Amount in ₹ Lakhs

Winsol Engineers Limited Financial Information (Restated)

Winsol Engineers Limited's revenue increased by 7.64% and profit after tax (PAT) rose by 377.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,565.342,856.012,764.801,816.83
Total Income5,202.286,544.536,080.002,224.58
Profit After Tax677.26518.07108.4649.44
Net Worth1,527.15873.89343.93238.55
Reserves and Surplus685.15871.89341.93236.55
Total Borrowing846.761,058.84928.90814.49
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.84100.00
Promoter Shareholding (Post-Issue)69.8972.99
P/E Ratio53.7612.19
Market Cap₹60.36 Cr.₹86.51 Cr.
ROE23.91%22.33%
ROCE41.04%11.71%
Debt/Equity1.600.55
EPS₹0.97₹6.15
RoNW23.91%44.35%

Shares Offered

In the Silkflex Polymers IPO Retail Individual Investors (RII) are offered 16,52,000 shares while in Winsol Engineers IPO retail investors are offered 16,52,000 shares. Qualified Institutional Buyers (QIB) are offered in Silkflex Polymers IPO and 5,93,600 shares in Winsol Engineers IPO.

 Silkflex Polymers IPOWinsol Engineers IPO
Anchor Investor Reserveration8,83,200 shares
Market Maker Reserveration1,78,000 shares1,58,400 shares
QIB5,93,600 shares
NII16,52,000 shares4,44,800 shares
RII16,52,000 shares10,35,200 shares
Employee
Others
Total33,04,000 shares29,56,800 shares

Bids Received (Subscription)

Silkflex Polymers IPO subscribed 39.30x in total, whereas Winsol Engineers IPO subscribed 682.14x.

 Silkflex Polymers IPOWinsol Engineers IPO
QIB (times)207.23x
NII (times)36.59x1,087.81x
Big NII (times)
Small NII (times)
RII (times)35.97x780.15x
Employee (times)
Other (times)
Total (times)39.30x682.14x