Comparison between Electro Force IPO and Siyaram Recycling Industries IPO.
Electro Force IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Siyaram Recycling Industries IPO is a SME Bookbuilding proposed to list at BSE SME.
| Electro Force IPO | Siyaram Recycling Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | First Overseas Capital Ltd. | Hem Securities Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Arham Shares Pvt.Ltd. | Hem Finlease Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the Siyaram Recycling Industries IPO is up to ₹21.80 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of Siyaram Recycling Industries IPO is ₹46.00 per share.
| Electro Force IPO | Siyaram Recycling Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹43.00 per share | |
| Issue Price (Upper) | ₹46.00 per share | |
| Issue Price (Final) | ₹93.00 per share | ₹46.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 3000 shares |
| Fresh Issue Size | 55,64,400 shares | 47,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹51.75 Cr | up to ₹21.80 Cr |
| OFS Issue Size | 26,74,800 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹24.88 Cr | up to ₹0.00 Cr |
| Issue Size Total | 82,39,200 shares | 47,40,000 shares |
| Issue Size Total (Amount) | up to ₹76.62 Cr | up to ₹21.80 Cr |
Electro Force IPO opens on Dec 19, 2023, while Siyaram Recycling Industries IPO opens on Dec 14, 2023. The closing date of Electro Force IPO and Siyaram Recycling Industries IPO is Dec 21, 2023, and Dec 18, 2023, respectively.
| Electro Force IPO | Siyaram Recycling Industries IPO | |
|---|---|---|
| Anchor Bid Date | Dec 13, 2023 | |
| Issue Open | Dec 19, 2023 | Dec 14, 2023 |
| Issue Close | Dec 21, 2023 | Dec 18, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 19, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 20, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 20, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 21, 2023 |
| Anchor Lockin End date 1 | Jan 18, 2024 | |
| Anchor Lockin End date 2 | Mar 18, 2024 |
Electro Force IPO P/E ratio is 20.22, as compared to Siyaram Recycling Industries IPO P/E ratio of 8.3.
| Electro Force IPO | Siyaram Recycling Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Electro Force (India) Limited Financial Information (Restated)Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.
| Siyaram Recycling Industries Limited Financial Information (Restated)Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 100.00 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.22 | 8.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹217.62 Cr. | ₹86.47 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.57% | 17.97% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 58.23% | 13.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.60 | ₹5.54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.57% | 16.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in Siyaram Recycling Industries IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered in Electro Force IPO and 9,48,000 shares in Siyaram Recycling Industries IPO.
| Electro Force IPO | Siyaram Recycling Industries IPO | |
|---|---|---|
| Anchor Investor Reserveration | 14,22,000 shares | |
| Market Maker Reserveration | 4,35,600 shares | 2,52,000 shares |
| QIB | 9,48,000 shares | |
| NII | 41,19,600 shares | 7,11,000 shares |
| RII | 41,19,600 shares | 16,59,000 shares |
| Employee | ||
| Others | ||
| Total | 82,39,200 shares | 47,40,000 shares |
Electro Force IPO subscribed 4.28x in total, whereas Siyaram Recycling Industries IPO subscribed 385.19x.
| Electro Force IPO | Siyaram Recycling Industries IPO | |
|---|---|---|
| QIB (times) | 96.43x | |
| NII (times) | 2.12x | 597.72x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 6.44x | 459.11x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.28x | 385.19x |
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