Comparison between Shanti Spintex IPO and Siyaram Recycling Industries IPO.
Shanti Spintex IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Siyaram Recycling Industries IPO is a SME Bookbuilding proposed to list at BSE SME.
| Shanti Spintex IPO | Siyaram Recycling Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Hem Securities Ltd. |
| Registrar | Kfin Technologies Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Hem Finlease Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Shanti Spintex IPO is up to ₹29.68 Cr whereas the issue size of the Siyaram Recycling Industries IPO is up to ₹21.80 Cr. The final issue price of Shanti Spintex IPO is ₹70.00 per share and of Siyaram Recycling Industries IPO is ₹46.00 per share.
| Shanti Spintex IPO | Siyaram Recycling Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹66.00 per share | ₹43.00 per share |
| Issue Price (Upper) | ₹70.00 per share | ₹46.00 per share |
| Issue Price (Final) | ₹70.00 per share | ₹46.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 3000 shares |
| Fresh Issue Size | 24,64,000 shares | 47,40,000 shares |
| Fresh Issue Size (Amount) | up to ₹17.25 Cr | up to ₹21.80 Cr |
| OFS Issue Size | 17,76,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹12.43 Cr | up to ₹0.00 Cr |
| Issue Size Total | 42,40,000 shares | 47,40,000 shares |
| Issue Size Total (Amount) | up to ₹29.68 Cr | up to ₹21.80 Cr |
Shanti Spintex IPO opens on Dec 19, 2023, while Siyaram Recycling Industries IPO opens on Dec 14, 2023. The closing date of Shanti Spintex IPO and Siyaram Recycling Industries IPO is Dec 21, 2023, and Dec 18, 2023, respectively.
| Shanti Spintex IPO | Siyaram Recycling Industries IPO | |
|---|---|---|
| Anchor Bid Date | Dec 18, 2023 | 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 21, 2024 | Jan 18, 2024 |
| Anchor Lockin End date 2 | Mar 21, 2024 | Mar 18, 2024 |
Shanti Spintex IPO P/E ratio is 9.82, as compared to Siyaram Recycling Industries IPO P/E ratio of 8.3.
| Shanti Spintex IPO | Siyaram Recycling Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 87.49 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.82 | 8.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹118.22 Cr. | ₹86.47 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 19.81% | 17.97% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 10.12% | 13.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.75 | 1.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.13 | ₹5.54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.07% | 16.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Shanti Spintex IPO Retail Individual Investors (RII) are offered 14,84,000 shares while in Siyaram Recycling Industries IPO retail investors are offered 14,84,000 shares. Qualified Institutional Buyers (QIB) are offered 8,48,000 shares in Shanti Spintex IPO and 9,48,000 shares in Siyaram Recycling Industries IPO.
| Shanti Spintex IPO | Siyaram Recycling Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | 12,72,000 shares | 14,22,000 shares |
| Market Maker Reservation | 2,24,000 shares | 2,52,000 shares |
| QIB | 8,48,000 shares | 9,48,000 shares |
| NII | 6,36,000 shares | 7,11,000 shares |
| RII | 14,84,000 shares | 16,59,000 shares |
| Employee | ||
| Others | ||
| Total | 42,40,000 shares | 47,40,000 shares |
Shanti Spintex IPO subscribed 27.38x in total, whereas Siyaram Recycling Industries IPO subscribed 385.19x.
| Shanti Spintex IPO | Siyaram Recycling Industries IPO | |
|---|---|---|
| QIB (times) | 14.34x | 96.43x |
| NII (times) | 57.28x | 597.72x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 22.01x | 459.11x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 27.38x | 385.19x |
