Refractory Shapes IPO vs Slone Infosystems IPO

Comparison between Refractory Shapes IPO and Slone Infosystems IPO.

IPO Details

Refractory Shapes IPO is a SME Fixed Price IPO proposed to list at NSE SME while Slone Infosystems IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Refractory Shapes IPO is up to ₹17.66 Cr whereas the issue size of the Slone Infosystems IPO is up to ₹10.50 Cr. The final issue price of Refractory Shapes IPO is ₹31.00 per share and of Slone Infosystems IPO is ₹79.00 per share.

 Refractory Shapes IPOSlone Infosystems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹27.00 per share
Issue Price (Upper)₹31.00 per share
Issue Price (Final)₹31.00 per share₹79.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares1600 shares
Fresh Issue Size56,96,000 shares13,29,600 shares
Fresh Issue Size (Amount)up to ₹17.66 Crup to ₹10.50 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,96,000 shares13,29,600 shares
Issue Size Total (Amount)up to ₹17.66 Crup to ₹10.50 Cr

IPO Timetable

Refractory Shapes IPO opens on May 06, 2024, while Slone Infosystems IPO opens on May 03, 2024. The closing date of Refractory Shapes IPO and Slone Infosystems IPO is May 09, 2024, and May 07, 2024, respectively.

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

Financials & KPIs

Refractory Shapes IPO P/E ratio is 25.55, as compared to Slone Infosystems IPO P/E ratio of 40.94.

 Refractory Shapes IPOSlone Infosystems IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets52.9050.0436.8527.24
Total Income29.9938.7226.2221.80
Profit After Tax3.081.922.871.56
NET Worth3.9716.6914.7711.90
Reserves and Surplus3.9716.5914.6711.80
Total Borrowing23.4220.4915.7012.34
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets19.7911.9111.679.29
Total Income34.3530.7726.5911.57
Profit After Tax2.850.750.380.28
NET Worth11.882.102.291.90
Reserves and Surplus8.010.26
Total Borrowing6.436.829.217.26
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0099.43
Promoter Shareholding (Post-Issue)72.4873.01
P/E Ratio25.5540.94
Market Cap₹67.58 Cr.₹41.63 Cr.
ROE15.58%74%
ROCE9.79%34.44%
Debt/Equity1.180.33
EPS₹1.21₹1.93
RoNW15.58%23.98%

Shares Offered

In the Refractory Shapes IPO Retail Individual Investors (RII) are offered 19,96,000 shares while in Slone Infosystems IPO retail investors are offered 19,96,000 shares. Qualified Institutional Buyers (QIB) are offered 11,44,000 shares in Refractory Shapes IPO and in Slone Infosystems IPO.

 Refractory Shapes IPOSlone Infosystems IPO
Anchor Investor Reservation17,00,000 shares
Market Maker Reservation3,04,000 shares70,400 shares
QIB11,44,000 shares
NII8,56,000 shares6,64,000 shares
RII19,96,000 shares6,65,600 shares
Employee
Others
Total56,96,000 shares13,29,600 shares

Bids Received (Subscription)

Refractory Shapes IPO subscribed 255.08x in total, whereas Slone Infosystems IPO subscribed 667.81x.

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